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Forex Forum Archive for 05/22/2014

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Sanibel Is. Fl Sir Ignore 22:02 GMT May 22, 2014
Agree or Disagree? EURUSD

Thanks, Jay..
still holding 3681 short after 1/3 take off at 3654..
stop at 3670.
weekly, monthly rounding down on trend change south..
daily more apparent and i hr..hitting 55 from 1 hr tunnel
with more to come lower according to setup..
but still stop at 3670..wishing not to risk anymore retrace current 3655
it's friday coming and not wishing to think add levels..so
wait and see price action now..
mho
gl gt

GVI Forex john 21:10 GMT May 22, 2014
Share Your Trading Ideas for Today
Reply   

FRIDAY 23 May 2014
Germany:
- - IFO survey.  Most important German sentiment survey and usually a market mover. Consensus: mixed to weaker

Canada:
- - CPI Seen within the Bank of Canada target range. Such an outcome would dampen speculation for a rate cut.

United States:
- -  New Homes Sales. Another piece of the housing picture. It is seen  improving. This is usually not a market mover. 

GVI Forex john 21:07 GMT May 22, 2014
Chart Points - Pivot Based Levels
Reply   
Basis Thursday session ranges...




GVI Forex john 21:01 GMT May 22, 2014
Chart Points- EUR Moving Averages
Reply   
NEW Heat MAP EUR Crosses Moving Averages...




dc CB 19:55 GMT May 22, 2014
Annnnd, it's gone
Reply   
As recently as yesterday, the much-publicized Monterey formation accounted for nearly two-thirds of all technically-recoverable US shale oil resources.

But by this morning? The EIA now estimates these reserves to be 96% lower than it previously claimed.

Yes, you read that right: 96% lower. As in only 4% of the original estimate is now thought to be technically-recoverable at today's prices

you might be wondering just how the EIA got its estimate so badly wrong. The answer is that the EIA relied on a private firm,

The US Shale Oil Miracle Disappears

GVI Forex john 19:50 GMT May 22, 2014
Chart Points -- Trading Points
Reply   
Heat MAP USD Moving Averages...




GVI Forex john 19:45 GMT May 22, 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.

GVI Forex Blog 19:31 GMT May 22, 2014
U.S. PMI data beat, Mixed flash Eurozone PMIs, China flash PMI Improves
Reply   
HIGH IMPACT NEWS ITEMS: DE- IFO Survey, CA- CPI, US- New Homes Sales

U.S. Weekly Jobless Claims increased modestly, but had little market impact. The flash Markit PMI was stronger than expected. Canadian Retail Sales data were mixed. U.S. and UK markets are likely to wind down early Friday ahead of Monday holidays.

U.S. PMI data beat, Mixed flash Eurozone PMIs, China flash PMI Improves

Syd 19:31 GMT May 22, 2014
TIME FOR A BREAK IN THE POUND?
Reply   
The pound has been on a tear as you likely know; for good reason given the surprising rebound in the UK economy. Technically a case can be made the high is in place at 1.6996—time will tell.

CHART VIEW…

dc CB 19:11 GMT May 22, 2014
Risk On/Off Heat Map



Risk ... All Clear ....run da Stox to New Highs

What Me Worry?

GVI Forex Jay Meisler 18:46 GMT May 22, 2014
Agree or Disagree? EURUSD

There was chatter of a relief rally after the votes but may have been hope talking.

london red 17:53 GMT May 22, 2014
Agree or Disagree? EURUSD

MEP elections over weekend expected to be disastrous for ruling parties. I would think thats well baked into price, but its no reason to be long euro into the weekend.

GVIForex Jay Meisler 17:33 GMT May 22, 2014
Agree or Disagree? EURUSD

Closes the week below the 200 day mva?

Agree or disagree?

GVI Forex Blog 17:11 GMT May 22, 2014
Global Markets News
Reply   
US equities are extending yesterday's modest uptrend and helping to pull European indices out of the ditch

TradeTheNews.com US Market Update: Solid PMI and Housing Data Drive Equities Higher

GVI Forex john 15:52 GMT May 22, 2014
Risk On/Off Heat Map
Reply   


  • Late in  European trading, markets have been drifting away from a"risk-on" posture to greater neutrality.
  • Yields in prime fixed income markets are steady to mixed as equities stabilizw. Yields on bonds on the periphery of the Eurozone have turned higher after falling sharply early.
  • Equities mostly rallied in the Far East earlier. European bourses are closing higher. U.S. equies are currently trading higher.
  • The U.S. 10-yr is 2.55%, +1bp.

    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)

Amman wfakhoury 15:40 GMT May 22, 2014
EURJPY 138.65 confirmed
Reply   
138.65 confirmed will be reached any rise above 13900 will return to it.

Just few money for weekend dinner.

The only one in the world who confirms the next level


GVI Forex Jay Meisler 15:37 GMT May 22, 2014
Agree or Disagree? USDJPY
Reply   
Posted this yesterday when we started this thread

Bottom in place? If so, 102 at risk

GVIForex Jay Meisler 15:01 GMT May 22, 2014
Agree or Disagree? EURUSD

Data misses but USD doesn't seem to care.

EURUSD 1.3688 (1.3685-90) has replaced 1.3730-35 as current resistance.

Nice trading Sanibel.

GVI Forex Blog 15:00 GMT May 22, 2014 Reply   
May 22, 2014 (global-view.com) UPCOMING DATA HIGHLIGHTS for Friday, May 23. Updated: Trading News Events Calendar HIGH IMPACT NEWS RELEASES: DE- IFO Survey, CA- CPI, US- New Homes Sales

GVI Forex Data Outlook for May 23, 2014

GVI Forex john 14:57 GMT May 22, 2014
Calendar -- Daily Forex Data
Reply   


May 22, 2014 (global-view.com) UPCOMING DATA HIGHLIGHTS for Friday, May 23. Updated: Trading News Events Calendar

HIGH IMPACT NEWS RELEASES: DE- IFO Survey, CA- CPI, US- New Homes Sales

  • Far East: No Major Data.
  • Europe: DE- IFO Survey.
  • North America: CA- CPI, US- New Homes Sales, COT Report.


GVI Forex john 14:31 GMT May 22, 2014
US EIA Weekly Natural Gas Inventory Change (bcf)
Reply   



ALERT
+106 vs. +100 exp vs. +105 prev.

EIA Press Release




TTN: Live News Special Offer

GVI Forex john 14:10 GMT May 22, 2014
April 2014 U.S. Existing Homes Sales (mln)

If you look at the chart below, you can see why Fed Chair Yellen is worried about the housing industry. Keep in mind April data were well after the bad winter. We might have expected a stronger bounce back. Suggests the Fed may be nowhere close to tightening policy.

GVI Forex john 14:08 GMT May 22, 2014
April 2014 U.S. Existing Homes Sales (mln)

Existing Homes Sales is by far the most significant housing statistic. In line with Pending Homes Sales. Still looking stressed.

GVI Forex john 14:03 GMT May 22, 2014
April 2014 U.S. Existing Homes Sales (mln)

Existing Homes Sales higher ,but fall significantly short of expectations. Mixed report.

GVI Forex john 14:02 GMT May 22, 2014
April 2014 U.S. Existing Homes Sales (mln)
Reply   



ALERT
4.650 vs. 4.690 exp. vs. 4.590 prev.


TTN: Live News Special Offer


Direct links to primary data sources



GVI Forex john 14:00 GMT May 22, 2014
U.S. April 2014 Leading Indicators
Reply   



NEWS ALERT
+0.40% vs. +0.30% exp. vs. +0.80% prev.


TTN: Live News Special Offer


Direct links to primary data sources

GVI Forex john 13:50 GMT May 22, 2014
U.S. May 2014 Markit flash Mfg PMI



U.S. flash Markit Manufacturing PMI stronger than forecast.

GVI Forex john 13:47 GMT May 22, 2014
U.S. May 2014 Markit flash Mfg PMI
Reply   



ALERT
56.2 vs. 55.5 exp. vs. 55.4 prelim


Markit PMI Press Release


TTN: Live News Special Offer


Direct links to primary data sources

Sanibel Is. Fl Sir Ignore 13:17 GMT May 22, 2014
short euro

closed partial at 3654 on 3681 short..stop now at 3670.
gl gt.

GVIForex Jay Meisler 13:16 GMT May 22, 2014
Agree or Disagree? EURUSD

First stab at creating this thread has been a good one (IMHO) and we can do this for any currency. Good for ongoing discussion and for views to be shared on either side. Goal is to come up with trades and differing opinions are welcomed.

Send us feedback if you want to see more like this.

GVI Forex john 12:50 GMT May 22, 2014
March 2014 Canada: Retail Sales



Canada: Retail Sales weaker than expected. Prior data revised higher.

GVI Forex john 12:43 GMT May 22, 2014
U.S. Weekly Jobless Claims

U.S. Weekly Jobless Claims rebound...




Click on chart for ten-year history


PRESS RELEASE: U.S. Weekly Unemployment Insurance Claims

Sanibel Is. Fl Sir Ignore 12:39 GMT May 22, 2014
short euro
Reply   
on my 3681 short bringing stop to BE with 3655 first take off area.
current 3667
fwiw

GVI Forex john 12:35 GMT May 22, 2014
March 2014 Canada: Retail Sales

Canadian data misses but prior data revised higher.

GVI Forex john 12:34 GMT May 22, 2014
March 2014 Canada: Retail Sales
Reply   




NEWS ALERT
Headline: -0.10% vs. +0.20% exp. vs. +0.50% (r +0.70%) prev.
X-Autos: +0.10% vs. +0.30% exp. vs. +0.60% (+0.90%) prev.


RELEASE: Canadian Retail Sales



TTN: Live News Special Offer

Direct links to primary data sources

GVI Forex john 12:32 GMT May 22, 2014
U.S. Weekly Jobless Claims
Reply   




NEWS ALERT
Initial Claims (000)
326K vs. 310K exp. vs. 297K (r 298K) prev.
Continued Claims (mln)
2.653 vs. n/a exp. vs. 2.667 (r 2.666 ) prev.
Press Release



TTN: Live News Special Offer

GVIForex Jay Meisler 12:24 GMT May 22, 2014
Agree or Disagree? EURUSD

FWIW 5 times in the 1.3680s since bottoming yesterday but not able to get through 1.3688.

Logic says a stops level, price action suggests sellers there.

Agree or disagree?

CT LV 12:19 GMT May 22, 2014
100% forex signals

He he

GVI Forex Blog 12:13 GMT May 22, 2014
Mixed flash Eurozone PMIs, China flash PMI Improves, U.K. GDP Data Unrevised
Reply   
HIGH IMPACT NEWS ITEMS: CA- Retail Sales, US- Weekly Jobs, flash Mfg PMI, Existing Homes Sales, Lead Indicators, Nat Gas

The flash HSBC China PMI recovered in May to just below the "50" expansion level, and the report gave Far East markets a lift. Flash PMI data from Europe were missed with Manufacturing data falling and Service data mixed, but on balance higher. In general they support the case for ECB ease in two weeks time.

Mixed flash Eurozone PMIs, China flash PMI Improves, U.K. GDP Data Unrevised

Tallinn viies 12:09 GMT May 22, 2014
eurusd
Reply   
euro is under bigger pressure this week.
expext euro to test 1,3600/05 during this week. close under 200 day moving average will add even more selling pressure.
still major moves expected next month when ECB must deliver what was promised.

London Misha 11:42 GMT May 22, 2014
Observations
Reply   
EURUSD - Key Reversal Down on Daily Chart & test of recent 50% Fib @ 1.3644 & Long MA support.
USDJPY - Down through Long MA with an Outside Day but no Key Reversal. Still closed back over on Daily Chart.
GBPUSD - 5th White Soldier on Daily Chart & still travelling gradually higher within combined AP & SP Tines.
USDCHF - Key Reversal Up on Daily Chart & test of Medium MA support.
EURGBP - 2nd Black Crow on Daily Chart& test of Pitchfork congestion support 0.8075-0.8035.
AUDUSD - Bullish Dragonfly Doji as bounces up off (again) Key 50% Fib @ 0.9026 on Daily Chart.
USDINR - 2nd Indecisive Doji on Daily Chart. Tests again 2014 lows!
USDZAR - Bearish Matching & possibly Bearish Dark Cloud Cover on Daily Chart. Close below Long MA after testing & failing at the Downtrend.
USDBRL - Bearish Stick Sandwich but no breakdown through support area 2.1978-2.2027 on Daily Chart.


GVIForex Jay Meisler 11:17 GMT May 22, 2014
Agree or Disagree? EURUSD

Feel free to agree or disagree.


Video Market Update

1.3688, resistance or stops?

Correction: retracement is for 1.3294-1.3996

Amman wfakhoury 10:57 GMT May 22, 2014
100% forex signals
Reply   


Here how to make your signals 100% correct

SaaR KaL 10:44 GMT May 22, 2014
Week Month...etc

will short gold above
1303 today
TGT 1285

shorts audusd at .9350 is no biggy

SaaR KaL 10:37 GMT May 22, 2014
Week Month...etc

Shorts
USDJPY this coming session seems fine for 100.8
probably Asia Next day

EURUSD going back to 1.37ish

nw kw 10:05 GMT May 22, 2014
Agree or Disagree? EURUSD

yen

GVI Forex Blog 10:04 GMT May 22, 2014
Global Markets News
Reply   
The GBP currency was softer following the 2nd reading of its Q1 GDP data. Dealers cited that weaker components attributed to the softer currency (both imports and exports were negative q/q) coupled with higher deficit in public finance data. GBP/USD dipped from 1.6902 to test 1.6870 after the data release.

TradeTheNews.com EU Market Update: Trichet in favor of lower interest rates; Major European PMIs mixed

Paris ib 09:57 GMT May 22, 2014
Agree or Disagree? EURUSD

Stops.

GVI Forex Jay Meisler 09:50 GMT May 22, 2014
Agree or Disagree? EURUSD

Stops or offers at 1.3688?

syd sf 09:05 GMT May 22, 2014
MAY 2014 China flash HSBC PMI

I have seen some recent revisions to forecasts for the AUD

one camp calls for 9700 cents first then parity.

the other says 95 the top and end of year 8900.

The thing is we are going to see a weakening of the numbers going forward here .. but currency wise it probably depends on how many safe haven flows head this way.

Have no personal view -- I just let the Bots hammer it out.

Hong Kong AceTrader 08:50 GMT May 22, 2014
Acetrader May 22: Intra-Day Market Moving News and Views
Reply   
Intra-Day Market Moving News and Views

22 May 2014 07:55GMT

EUR/USD - 1.3677... News from Reuters, Russia's President Putin says 'Russia ready to expand cooperation with all nations on basis of equality n respect of each other's interests.'

Germany manufacturing PMI came in weaker-than-expected at 52.9 vs forecast of 54.0 whilst services PMI was reported at 56.4, higher than expectation of 54.5.



02:34GMT EUR/USD - 1.3677

The single currency met renewed selling interest at 1.3723 on Wed and then tumbled to a fresh 3-month trough at 1.3635 in NY after penetrating last Thur's low at 1.3648, however, short-covering after the release of FOMC minutes lifted the pair to 1.3688 b4 retreating to 1.3673/74 in Asian morning today.

According to minutes of its April 29-30 meeting released on Wednesday in Washington, the Federal Open Market Committee doesn't "face a trade-off between its employment and inflation objectives, and an expansion of aggregate demand would result in further progress relative to both objectives."

Bids are now located at 1.3675-65 n more at 1.3655-50. On the upside, some offers are tipped at 1.3700-05 n 1.3720-30. Trading is likely to be thin until European open. France, Germany n eurozone will release their manufacturing and services PMIs at 07:00GMT, 07:30GMT n 08:00GMT respectively.

bali sja 08:48 GMT May 22, 2014
Agree or Disagree? EURUSD

the more GV participants tilt to 1.30 the merrier, love it to be contrarian

NY JM 08:45 GMT May 22, 2014
Agree or Disagree? EURUSD

Then I will ask the sentiment question:

1.30 is more at risk to trade than 1.40 or neither (that would be a depressing thought)

Agree or disagree?

Paris ib 08:43 GMT May 22, 2014
UK GDP-- 1Q14

The Public Sector Borrowing Requirement went through the roof, seriously missed expectations.

GVI Forex john 08:41 GMT May 22, 2014
UK GDP-- 1Q14

Some concern expressed over changes in GDP components.

GVI Forex john 08:33 GMT May 22, 2014
UK GDP-- 1Q14



U.K. Advance 1Q14 GDP unrevised. GBP lower.

GVI Forex john 08:30 GMT May 22, 2014
UK GDP-- 1Q14

U.K. preliminary GDP unrevised.

GVI Forex john 08:30 GMT May 22, 2014
UK GDP-- 1Q14
Reply   




-- NEWS ALERT --

QQ +0.80% vs. 0.80% exp. vs. +0.80% prev.
YY +3.10% vs. +3.10% exp. vs. +3.10% prev.


RELEASE: U.K. GDP


TTN: Live News Special Offer

GVI Forex john 08:28 GMT May 22, 2014
Risk On/Off Heat Map
Reply   


  • Early European trading  markets are holding onto  the general "risk-on" posture from late Wednesday.
  • Yields in prime fixed income markets are steady to higher as equities rise. Yields on bonds on the periphery of the Eurozone have fallen sharply again.
  • Equities mostly rallied in the Far East earlier. European bourses are now higher.  U.S. equity futures are currently trading higher.
  • The U.S. 10-yr is 2.55%, +1bp.

    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)

bali sja 08:27 GMT May 22, 2014
Agree or Disagree? EURUSD

London Chris, because you may not see that level anyway, why short? another reason is i see the upside potential is more than the downside, and thus the positioning, can't be perfect with the entry anyway because that is not my trading style

Paris ib 08:20 GMT May 22, 2014
May 2014 EZ Flash PMI Estimates

Hilariously the Bundesbank has already blamed expected weakness in German economic growth in Q2 on the weather. This time the culprit was warmer weather in Q1.

Paris ib 08:18 GMT May 22, 2014
May 2014 EZ Flash PMI Estimates

I have the impression John that the whole world will shortly be dealing with less than impressive growth so that makes the impact of weak statistics on currencies a moot point. If we all start to slide, as I think we will, then the forecasters go back to the drawing board. It will be interesting to see how the FED squares off a more hawkish stance with a less than impressive economy. So far they have blamed the weather. That won't do in the longer term.

GVI Forex Jay Meisler 08:17 GMT May 22, 2014
Agree or Disagree? EURUSD

No change to the start of this thread that I posted. trading against 1.3688 has worked several times and still blocks 1.37

Let's try it with specific currencies so it is easier to pick out the topic.

Agree or disagree.

EURUSD will not extend its 7 day pattern around 1.37 today. The best chance of this happening is if flash PMIs exceed forecasts and EURUSD pops up on the data. This would be an opportunity to sell unless it gets back above 1.3735. Currently, 1.3688 blocks return to 1.37.

By the way, it did reach an initial target of 1.3635 (low 1.3633) = 200 day mva where it bounced from.

GVI Forex john 08:11 GMT May 22, 2014
May 2014 EZ Flash PMI Estimates

Not a smoking gun, but I would guess the broad dip in manufacturing PMI (trend developing?) should be a concern at the ECB. This pattern is NOT confirmed by Services PMIs.

London Chris 08:10 GMT May 22, 2014
Agree or Disagree? EURUSD

Bali is your anti-USD bias based only on charts. Why not be short eurusd if you see it at 1.35-1.36 or lower?

Paris ib 08:08 GMT May 22, 2014
May 2014 EZ Flash PMI Estimates

It's not damaged the EURUSD so far. Totally ignored.

GVI Forex john 08:08 GMT May 22, 2014
May 2014 EZ Flash PMI Estimates

EZ, German and French flash Services PMIs mixed. France weaker

GVI Forex john 08:07 GMT May 22, 2014
May 2014 EZ Flash PMI Estimates

EZ, GE flash Mfg PMIs all were weaker.

GVI Forex john 08:02 GMT May 22, 2014
May 2014 EZ Flash PMI Estimates

MFG PMIs miss and Service PMIs were mixed.

GVI Forex john 08:00 GMT May 22, 2014
May 2014 EZ Flash PMI Estimates
Reply   




ALERT
EZ
mfg:52.5 vs. 53.2 exp. vs. 53.4 prev.
svc: 53.5 vs. 53.0 exp. vs. 53.1 prev.

France
mfg: 49.3 vs. 51.0 exp. vs. 51.2
svc: 49.2 vs. 51.3 exp. vs. 51.5

German
mfg: 52.9 vs. 54.0 exp. vs. 54.1
svc: 56.4 vs. 54.5 exp. vs. 54.7


Markit PMI Press Release



TTN: Live News Special Offer

Paris ib 08:00 GMT May 22, 2014
MAY 2014 China flash HSBC PMI

John yes. China counts for the AUD. But right now events in Australia might be more important. And the economy is starting to wobble. Commodity prices look sick and Chinese statistics are a bit suss. So scepticism is warranted.

bali sja 07:56 GMT May 22, 2014
MAY 2014 China flash HSBC PMI

as long as UK and cable are doing great, everything is fine

GVI Forex john 07:56 GMT May 22, 2014
MAY 2014 China flash HSBC PMI

Australia "China proxy" better than expected China PMI AUD constructive?

Paris ib 07:55 GMT May 22, 2014
MAY 2014 China flash HSBC PMI

Only commodity producers should be concerned about what manufacturing in China is doing. It's so ironic. Chinese products / exports reduce GDP and employment in importing countries (most of the rest of the world and certainly the OECD). Chinese trade surpluses are trade deficits in the rest of the world. If China slows it might signal slowing international trade and slowing demand internationally (both happening) but to cheer increased Chinese production and / or Chinese exports is irrational unless you live in China.

GVI Forex john 07:51 GMT May 22, 2014
MAY 2014 China flash HSBC PMI



EARLIER: HSBC flash PMI rebounds back close to "50" line..

GVI Forex john 07:46 GMT May 22, 2014
MAY 2014 China flash HSBC PMI
Reply   




Earlier
HSBC: 49.7 vs. 48.3 exp. vs. 48.1 prev.


TTN: Live News Special Offer

GVI Forex 07:32 GMT May 22, 2014
Agree or Disagree? EURUSD

NEWS: GERMANY FLASH MAY MFG PMI 52.9; MNI MEDIAN 54.1;APRIL 54.1
GERMANY FLASH MAY SVC PMI 56.4; MNI MEDIAN 54.5;APRIL 54.7
GERMANY FLASH MAY COMPOSITE PMI 56.1; APRIL 56.1

GVI Forex Jay Meisler 07:29 GMT May 22, 2014
Do You Believe in (Trading) Miracles
Reply   
Suggested reading for all traders

Do You Believe in (Trading) Miracles

Paris ib 07:19 GMT May 22, 2014
Agree or Disagree? EURUSD

Joe maybe you should step out while whatever is happening runs its course. Time out maybe in the fresh air is priceless.

My take is that the USD/JPY is key. JPY has been the funding currency for everything. The universal view was that USD/JPY was going to 110. It's not. But until the longs are stopped out en masse all those trades remain. I'm watching U.S. yields and USD/JPY. If U.S. yields have bottomed (because the heat got to much for the manipulators or the market gets spooked by talk of covert QE or because Yellen and co move further to the hawkish side of things - in my view likely) then we should go back to normal markets. But we aren't there yet and my fear is we may not get there till after Summer.

Anyway till then if you have to trade trade small. I know I am. Good luck, good trades.

Cambridge Joe 07:08 GMT May 22, 2014
Agree or Disagree? EURUSD

ib thank you.

Apology accepted Joe. Sorry your system isn't working. FWIW I don't think markets are functioning normally at present. And I don't think that's accidental.

We very much share the view that the markets are not behaving normally...... I've had perfect signal a number of times, which previously were proved to be almost perfect, and now.... anything but.

I think the way forward for me is to regard such indications as dynamic pivots and to place buys above and sells below. Until now, I got direction, but time and again get run on to the rocks as it were.

Paris ib 07:01 GMT May 22, 2014
Agree or Disagree? EURUSD

Apology accepted Joe. Sorry your system isn't working. FWIW I don't think markets are functioning normally at present. And I don't think that's accidental. Make of it what you will. It can't go on forever but as Keynes pointed out: markets can remain irrational for longer than a person can remain solvent. He was a good trader who sometimes made mistakes.

Soberingly he also said: I work for a Government I despise for ends I think criminal.

So same, old same old, eh?

Cambridge Joe 06:52 GMT May 22, 2014
Agree or Disagree? EURUSD

Paris ib 05:38

ib I do apologise, nothing personal. I'd had possibly too much wine and gave expression when it might have been better not to do so.

To my way of thinking, 'Share your trading ideas' would have 'buy' this or 'sell' that as opposed to open ended musings on the questionable state of the world in general.

Bitter and twisted? Well, maybe a bit. My set-up which once allowed pretty decent timings for upcoming moves has gone off beam and I can't seem to fix it.

GVI Forex 06:39 GMT May 22, 2014
Agree or Disagree? EURUSD

EU parliamentary elections are scheduled to begin today, although most countries vote on Sunday. Polls suggest there is likely to be strong support for anti-EU parties in a number of countries, which could fuel concerns about the future of Europe, at least in the near-term. In reality, however, these parties are likely to have little impact on policy.

Today’s May flash’ PMI data for the euro area will provide a further insight on the strength activity in the second quarter. We expect modest falls compared with April but the levels should be consi

Lloyds Bank

GVI Forex Blog 05:43 GMT May 22, 2014 Reply   
- (CN) CHINA MAY HSBC/MARKIT FLASH MANUFACTURING PMI: 49.7 V 48.3E (5-month high; 2nd consecutive sequential increase; 5th month of sub-50 contraction) >- (JP) JAPAN MAY MARKIT/JMMA MANUFACTURING PMI:

TradeTheNews.com Asian Market Update: Equity indices broadly higher and Yen lower as China HSBC flash PMI sparks a rally - Source TradeTheNews.com

Paris ib 05:38 GMT May 22, 2014
Agree or Disagree? EURUSD

Markets have been very gung ho on the Euro and the ECB obviously doesn't like it. We have European elections and the next ECB meeting to get through before you could look for strength. Yellen and company are sounding more hawkish. So I think you could bide your time. Longer term agree, short term the risk reward is against you.

Joe you sound bitter and twisted. Pointless baiting is really well pointless.

I read somewhere that Japanese reported strong buying of foreign bonds. Obviously not Treasuries. Can't find any release though. Does someone have the data?

GVI Forex Blog 03:36 GMT May 22, 2014 Reply   
Most of the markets including the Asia-Pac are in short term downtrends but still the US Fed

Morning Briefing : 22-May-2014 -0336 GMT

Hong Kong AceTrader 02:43 GMT May 22, 2014
AceTrader May 22: Intra-Day Market Moving News & Views & data to be released today
Reply   



Intra-Day Market Moving News and Views

22 May 2014 02:16GMT

USD/JPY - 101.46
Despite yesterday's resumption of decline from April's high at 104.13 to a fresh 3-1/2 month low at 100.81 in European morning due to active cross buying in Japanese yen, subsequent rebound on active short-covering after holding above this year's low at 100.76 (February) suggests choppy trading would continue. U.S. dollar later rebounded to 101.63 in New York after the release of FOMC minutes b4 trading sideways. Bids are now reported at 101.40-30 n more at 101.20-10 with stops only seen below 101.00. On the upside, mixture of offers n stops is tipped at 101.70 n more offers are noted at 101.90-00.

U.S. dollar showed muted reaction after early release of Markit Japan manufacturing PMI data which rose to 49.9 in May versus the previous reading of 49.4.

22 May 2014 01:50GMT
AUD/USD - 0.9248
The Australian dollar jumped to 0.9265 (Reuters) after the release of much stronger-than-expected China's HSBC manufacturing PMI data.


Data to be released on Thursday:

New Zealand ANZ consumer confidence, Japan Markit/JMMA manufacturing PMI, China HSBA China manufacturing PMI, France business confidence, Markit France manufacturing PMI, Markit France Service PMI, Germany Markit/BME Germany manufacturing PMI, Markit Germany service PMI, euro zone Markit euro zone manufacturing PMI, Markit euro zone service PMI, U.K. GDP, PSNCR, private consumption, public sector net borrowing, exports and imports, CBI trends total orders, Canada retail sales, U.S. initial jobless claims, Markit U.S. manufacturing PMI, existing homes sales, leading index.

bali sja 02:42 GMT May 22, 2014
Agree or Disagree? EURUSD

only below 1.3420 on weekly closing basis then all bets are off

bali sja 02:41 GMT May 22, 2014
Agree or Disagree? EURUSD

buy euro with confidence 1.35-1.36 is accumulation zone now during US summer for a big run in the second half of the year

GVI Forex 01:47 GMT May 22, 2014
Agree or Disagree:AUD
Reply   
NEWS: CHINA HSBC MAY FLASH PMI 49.7 VS APRIL FINAL 48.1

Keeps .9200 safe for now? Depends on .9250

Mtl JP 01:32 GMT May 22, 2014
Agree or Disagree?

for public consumption, Kuroda keeps making happy burbling sounds about his outlook for Japan

nw kw 01:26 GMT May 22, 2014
Agree or Disagree?

Oct BoJ ease/ STLL LOOKING FOR JPY NUKULAR POWER up grades all most dun OR ARE on some they will change GDP //SEE IF YOU CAN FIND THE INFO NPOWER

GVI Forex Jay Meisler 01:19 GMT May 22, 2014
Agree or Disagree?

Current GBPJPY is 171.40

For this to play out JPY has (USDJPY firm) to weaken as GBP is likely to lag.

If Nomura is right in its forecast for an Oct BoJ ease, then it may be a matter of timing. At that time expectations of a BOE rate hike would make it a green light trade. If July is the time. then different timing?

Brock Thor 01:08 GMT May 22, 2014
Forex News

Kw
To add a little
DowJones reports-

NZ 2.6 rise in seasonal job posts.
Fourth month in a row.
ANZ Senior Economist Zollner "firms are in hiring mode".

Brock Thor 00:59 GMT May 22, 2014
Agree or Disagree?

Buy GBPJPY
Entry: Target: Stop:

Agree or Disagree?

Long Gbp/Jpy to 181.00-184.00
-bullish triangle pattern to resolve higher.
-lack of resistance since Jan 2 high.
- magnetic 50 % fib at 184.00

Question - quality of comparing pound and yen fundamentals?
I've made some super trades from this pair in the past.
The time for another is due???

nw kw 00:49 GMT May 22, 2014
Forex News

Heads Up: New Zealand ANZ Consumer Conf Index (MAY) due at 1:00 GMT (15min). 1.1% m/m recorded in April

Sanibel Is. Fl Sir Ignore 00:39 GMT May 22, 2014
Agree or Disagree? EURUSD

agree mainly..looking to enter short here at 3681 and up to 3715
at intervals…with 3715 area stop…tp more like 3600 in my view.
3715 stop is topside of 144/169 1 hr tunnel
weekly looks topping with lower highs and the difference between 5sma and 21 sma weekly getting lower signally trend change south..last 3 weeks..

risk very low under 35 pips and lower for multiple shorts entered higher
mho..
or let it rip lower.

GVI Forex Jay Meisler 00:22 GMT May 22, 2014
Agree or Disagree?

You do not have to wait for us but can start your own Agree or Disagree thread if you have a currency you want to discuss.

GVI Forex Blog 00:13 GMT May 22, 2014
Forex News
Reply   
* Yen off multi-month highs vs USD & EUR

* Minutes of Fed meeting lift U.S. stocks, help improve risk demand

* HSBC's China PMI report next in focus

FOREX-Yen retreats as risk appetite improves, China PMI in focus

 




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
C 13:00 US- Case-Shiller
Wed 29 May 2019
A 08:55 DE- Employment
AA 18:00 US- BOC Decision
A 18:30 US- EIA Crude
Thu 30 Mar 2019
AAEZ/CH- Holiday
A 12:30 US- Weekly Jobless
Fri 31 Mar 2019
AA 10:00 EZ- Flash HICP
A 12:30 US- Personal Income, Spending, Deflator
AA 14:00 US- Final Univ of Michigan


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