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Forex Forum Archive for 05/29/2014

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dc CB 23:41 GMT May 29, 2014
da Flatner
Reply   
As the chart below shows, while Dealer holdings of bonds in the 3 - 6 Year bucket are down to -$12.6 billion as of the latest week of May 16, or the lowest position since June 2011, they have just taken their holdings in the 11Y+ long end to $11.9 billion: the most long they have been in the farthest part of the curve since June of 2013.

So if one were to net these two buckets out, by subtracting net exposure in the 3-6 Year bucket from the 11 Year bucket, one would see just how "flat" or "steep" dealers are positioned. The result is shown below: it shows that a rough estimation of curve positioning has Primary Dealers positioned for the flattest bond market (long the long end, short the short end) the most since November 2011 when, as many will recall, Europe was on the verge of complete collapse and only yet another Fed-backed global bailout prevented the all out disintegration of the Eurozone!

Bottom line: while dealers are telling their clients to dump the long end immediately due to everyone mispricing economic growth and inflation prospects, and to expect the long awaited curve steepening any minute now, what are they doing? They are the flattest they have been in two and a half years! In other words, buying.

As Primary Dealers And Banks Bash Treasurys, Here Is What They Are Really Doing

GVI Forex john 22:10 GMT May 29, 2014
Chart Points -- Trading Points

JPY Pivots Basis previous session ranges...





GVI Forex john 22:06 GMT May 29, 2014
Chart Points -- Trading Points
Reply   
Daily USD based Pivot Points. Basis previous session ranges...


GVI Forex john 21:58 GMT May 29, 2014
Weekly Trading Planner
Reply   

FRIDAY 30 May 2014
Japan-
CPI - The BOJ wants to extricate Japan from deflation. Core CPI seem 3.60% (subtract -2.70% for sales tax hike.).
Germany;
Retail Sales-  Key for Germany since its recent economic strength has been consumer-led. Very unusual.
United States-
University of Michigan Survey. Closely watched

MONDAY 2 June 2014
United States
Final Markit Mfg PMI- Relatively new PMI .Not fully trusted yet.
ISM MFG PMI- Original Mfg PMI measure. Closely followed.Ben showing strength.

TUESDAY 3 June 2014
Australia
Reserve Bank Decision- No Rate change expected. Key event.

dc CB 20:46 GMT May 29, 2014
Risk On/Off Heat Map

Sept 10Y futures off over 1/2 point from high
30Y futures off over a full point.

OOOOPPPPPs

dc CB 20:13 GMT May 29, 2014
Global Markets News



nor this either

dc CB 20:03 GMT May 29, 2014
Global Markets News



ya can't make this stuff up

GVI Forex john 20:01 GMT May 29, 2014
Calendar -- Daily Forex Data News

S&P closing at a new record high 1920 +10

GVI Forex john 19:44 GMT May 29, 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 john 19:16 GMT May 29, 2014
Chart Points -- Trading Points
Reply   
Pre-Closing...




Livingston nh 19:04 GMT May 29, 2014
ECB
Reply   
ECB will postpone any form of QE but certainly cut interest rates - BUT will it actually move to negative rates?? - across a large diverse economic unit like the EUR zone what are the unintended consequences?? what effect on the EU states outside the EUR?? --- it seems negative rates are "priced in" but picture a Draghi presser explaining why the idea was rejected

EUR could take a wild ride

GVI Forex Blog 19:01 GMT May 29, 2014
Weak Japanese Retail Sales. Data from U.S. Mixed
Reply   
HIGH IMPACT NEWS ITEMS: JP- CPI, DE- Retail Sales, CH- KOF Survey, CA- GDP. US- Personal Income, PCE deflator, Chicago PMI, University of Michigan U.S.1Q14 GDP was a disappointment, as it was revised down by more than anticipated. The focus now turns to the current quarter, where a strong rebound is being priced in.. Weekly Jobless Claims improved by more than expected. However, Pending Homes Sales fell short of expectations. That signals upcoming poor Existing Homes data.

Weak Japanese Retail Sales. Data from U.S. Mixed

dc CB 18:47 GMT May 29, 2014
Global Markets News

*US JUSTICE DEPT SEEKS >$10B BNP PENALTY FOR SANCTIONS EVASION: WSJ

A final resolution (and a guilty plea) of the years long investigation of the French bank is likely weeks away, WSJ notes but it does remain ironic that in flexing his enforcement muscles, DoJ's Eric Holder is about to crucify yet another non-US bank.

No Holders Barred: DOJ Slams BNP With Multi-Billion Dollar Penalty

dc CB 18:42 GMT May 29, 2014
Risk On/Off Heat Map

there should be treas buying on Mon as the start of the month will get new money into funds...and treas are winners this year so.

Stox should also be up. Infact everything should be up early next week. lol

london red 18:34 GMT May 29, 2014
Risk On/Off Heat Map

10 year. pretty long wick on daily candle. last time flipped this far was mid march. if we close half a point lower from here tomorrow then weekly candle comes in for false break and 2014 high in you would think given forecasts for growth.

dc CB 17:59 GMT May 29, 2014
Risk On/Off Heat Map

woops...US treas puking. must have filled all those month end adjustments...first notice futures day done...Auctions Over for the month

30ybond futures looking to tag a full Point off the Highs wooo wooo

tomorrows Window Dress Day for Stox

GVI Forex Blog 17:13 GMT May 29, 2014 Reply   
May 29, 2014 (global-view.com) UPCOMING DATA HIGHLIGHTS for Friday, May 30. Updated: Trading News Events Calendar HIGH IMPACT NEWS RELEASES: JP- CPI, DE- Retail Sales, CH- KOF Survey, CA- GDP. US- Personal Income, PCE deflator, Chicago PMI, University of Michigan

GVI Forex Data Outlook for May 30, 2014

GVI Forex john 17:11 GMT May 29, 2014
Calendar -- Daily Forex Data News
Reply   


May 29, 2014 (global-view.com) UPCOMING DATA HIGHLIGHTS for Friday, May 30. Updated: Trading News Events Calendar

HIGH IMPACT NEWS RELEASES: JP- CPI, DE- Retail Sales, CH- KOF Survey, CA- GDP. US- Personal Income, PCE deflator, Chicago PMI, University of Michigan

  • Far East: JP- Unemployment, CPI.
  • Europe: DE- Retail Sales, CH- KOF Survey.
  • North America: CA- GDP. US- Personal Income, PCE deflator, Chicago PMI, University of Michigan, COT Report.


SaaR KaL 16:52 GMT May 29, 2014
Next 12 hrs Ranges
Reply   

EURUSD 1.3628 1.3557
Gold 1,267.0115 1,236.5552

Cable 1.6729 1.6605

Silver
19.1061 18.6920

EURJPY
138.0536 137.3557
USDJPY
101.4770 101.1008
GBPJPY
169.4290 168.1808

AUDUSD 0.9366 0.9269 (***)

EURAUD
1.4639 1.4534

NZDUSD
0.8487 0.8399


GVI Forex Jay Meisler 16:46 GMT May 29, 2014
Agree or Disagree? EURUSD

So here we are, one day to month end.

GBPUSD is holding just above 1.67 but unable to go far from it.

EURUSD is holding just above 1.36, with its upside capped around 1.3625. Range has been around 39 pips, pitiful by historic standards although the chop makes it feel like more.

US bond yields continue to fall. Either the bond market is telling us something about the state of the economy or it is just one mother of a short squeeze and a gift of a lifetime.

So let's look ahead to next week where how it ends will be most important as it will suggest whether we will have a chance at a summer trend, depending on how the EURUSD trades.

Right now we have a tug-of-war with commodity currencies and JPY moving towards the top of the fx food chain and EUR and GBP towards the lower end.

Livingston nh 16:40 GMT May 29, 2014
Global Markets News

That research paper from yellen's former habitat is the kind of cover that is being produced throughout the Fed -- an excuse for standing still in the money minefield the Fed has created // one Fed talker this week said 2.5% could be tolerated -- oh wait, we already have a 3mo CPI at 2.4%

Forward Guidance thru the rearview mirror

GVI Forex Blog 16:26 GMT May 29, 2014
Global Markets News
Reply   
Traders are talking about another piece by the WSJ's Jon Hilsenrath, who commented on a recent San Francisco Fed research paper examining the interplay between long-term unemployment and inflation. The paper asserted that the FOMC may need to allow inflation to overshoot for a time in order to cut long-term unemployment, a position that splits the difference between two tendencies at the Fed.

TradeTheNews.com US Market Update: GDP Wipeout Sends Stocks and USTs higher

GVI Forex john 16:06 GMT May 29, 2014
Risk On/Off Heat Map

you might have to refresh your page to update the table. Note U.S. yield have fallen significantly while prime Europe closed mixed. Curious pattern especially with peripheral EZ yields rising.

Is this mainly a U.S. story?

GVI Forex john 15:59 GMT May 29, 2014
Risk On/Off Heat Map


  • Late in Europe, yields in prime fixed income markets are mixed on the day. They have not followed the sharp decline in U.S. yields. Some centers were closed for a holiday.  Yields on bonds on the periphery of the Eurozone are mostly higher.
  • Equities mostly fell in the Far East earlier as they followed the Wednesday U.S. lead. European bourses ended mixed. U.S. equities are up.
  • The U.S. 10-yr is 2.41%, -4bp.

    The heat map color scheme of interest rates reflects yields. This aligns all the colors in the chart to reflect risk-on (green) and risk-off(red).


london red 15:38 GMT May 29, 2014
Risk On/Off Heat Map

yes almost everyone is 3-4.5% for q2.you cannot justify a 2.x if q2 does come in at 4%. they kitchen sinked the inventories but still a jump from -1 to 4% is a big ask. 10 year however is pricing in 1-1.5%.

dc CB 15:19 GMT May 29, 2014
Risk On/Off Heat Map

-1.0% GDP print was merely more good news, .....weaker than expected Q1 GDP will merely lead to a greater than expected rebound in Q2 GDP.
*1Q inventory decline suggests 2Q GDP rebound of 3.8% annual rate.
* “around 3%” in 2Q as well as second half of year
*2Q GDP at 4.5% annual rate

Bottom line: someone is dead wrong on the economy, but we are glad that the weathermen formerly known as economists are putting all these timestamps out there in the public domain. Because we eagerly look forward to seeing just what the scapegoat will be when Q2 GDP mysteriously fails to soar to 4%

Someone Is Dead Wrong About The Economy

GVI Forex john 15:02 GMT May 29, 2014
US EIA Weekly Inventories
Reply   



NEWS ALERT
Crude Oil: +1.660 vs. 0.000 exp vs. -7.2 prev.
Gasoline: -1.800 vs. 0.000 exp vs. +0.970 prev.
Distillates:-0.195 vs. 0.500 exp vs. +3.400 prev.
Cap/Util:89.90% vs. n/a exp vs. 88.70% prev.

Weekly Petroleum Status Report




TTN: Live News Special Offer

GVI Forex john 15:00 GMT May 29, 2014
Agree or Disagree? EURUSD

I posted one of our COT charts yesterday that showed as of Tuesday of last week traders were back shorting the 10-yr note for the umpteenth time this year. Short-covering again?

SaaR KaL 14:59 GMT May 29, 2014
Day's Trades

Selling gold and silver
More
+ Longs USDCAD adding

GVI Forex john 14:55 GMT May 29, 2014
Risk On/Off Heat Map

2.406%

You can't ignore the fact that yields turned south following lousy Pending Homes and GDP data...

GVI Forex Jay Meisler 14:48 GMT May 29, 2014
Agree or Disagree? EURUSD

Trading question is whether the fx market wakes up to falling US yields (although yields are lower elsewhere as well).


GVI Forex john 14:40 GMT May 29, 2014
April 2014 U.S. Pending Homes Sales

I don't know how you can spin it positively. NAR is the housing selling industry group, so we know what their bias is.

GVI Forex john 14:36 GMT May 29, 2014
Risk On/Off Heat Map

10-yr 2.413%

GVI Forex john 14:36 GMT May 29, 2014
US EIA Weekly Natural Gas Inventory Change (bcf)
Reply   



ALERT
+114 vs. +105 exp vs. +106 prev.

EIA Press Release




TTN: Live News Special Offer

dc CB 14:28 GMT May 29, 2014
April 2014 U.S. Pending Homes Sales



"Pending home sales improved for the second straight month in April"

guess it depends on what timeframe you look at it and choose spin.

Amman wfakhoury 14:17 GMT May 29, 2014
EURUSD 13628 confirmed

GVI Forex Jay Meisler 13:54 GMT 05/29/2014
_____________________________
It was 13619 when 13628 cofirmed ..so it has to return to 13601 before go again to 13628.

GVI Forex john 14:16 GMT May 29, 2014
April 2014 U.S. Pending Homes Sales

WASHINGTON (May 29, 2014) – Pending home sales improved for the second straight month in April, according to the National Association of Realtors®. Gains in the Midwest and Northeast offset declines in the West and South.

The Pending Home Sales Index,* a forward-looking indicator based on contract signings, increased 0.4 percent to 97.8 in April from 97.4 in March, but is 9.2 percent below April 2013 when it was 107.7.

Lawrence Yun, NAR chief economist, expects a gradual uptrend in home sales. “Higher inventory levels are giving buyers more choices, and a slight decline in mortgage interest rates this spring is raising prospective home buyers’ confidence,” he said. “An uptrend in closed sales is expected, although some months will encounter a modest setback.”...

Pending Home Sales Edge Up in April

Amman wfakhoury 14:10 GMT May 29, 2014
EURUSD 13628 confirmed

GVI Forex Jay Meisler 13:54 GMT 05/29/2014
-_______________________________
13628 still cofirmed....but any decline below 13601 will return to it..we need 1 hr bar to close above 13601 and keep above it to reach 13628.

GVI Forex john 14:10 GMT May 29, 2014
April 2014 U.S. Pending Homes Sales



CHART: Pending Homes sales data misses vs. expectations a strong reading was expected as the winter weather rolled out of the data.

GVI Forex john 14:00 GMT May 29, 2014
April 2014 U.S. Pending Homes Sales
Reply   



NEWS ALERT
+0.40% vs.+1.00% exp. vs. +3.40% prev.
RELEASE: Pending Home Sales


TTN: Live News Special Offer

Direct links to primary data sources

GVI Forex Jay Meisler 13:54 GMT May 29, 2014
EURUSD 13628 confirmed

WFakhoury, let us know if your signal changes in the EURUSD.

1.3628 was my resistance as well, more for a sell than a target but even on the lousy GBP print could not be reached.

SaaR KaL 13:49 GMT May 29, 2014
Day's Trades

SaaR KaL 09:45 GMT 05/29/2014 - My Profile
GBPCHF
1.4990 1.4909
1.5029 short would be nice

===
now shorting

SaaR KaL 13:04 GMT May 29, 2014
Day's Trades

USDJPY
Close USA
101.5042 101.1165
I just shorted as well

GVI Forex Jay Meisler 13:01 GMT May 29, 2014
Agree or Disagree? EURUSD

Market ignoring the lousy Q1 GDP revision, not a surprise but would have been nice to see a better pop to fade. As per the video, stay bearish as long as sub-200 day mva.

SaaR KaL 13:01 GMT May 29, 2014
Day's Trades

short eurjpy

Amman wfakhoury 12:57 GMT May 29, 2014
EURUSD 13628 confirmed
Reply   
13628 confirmed will be reached ..any decline below 13603 will return to it if 13628 did not reach


The only one in the world who confirms the next level


GVI Forex john 12:50 GMT May 29, 2014
U.S. GDP 1Q14p

Looking at the GDP chart as a technician, I don't see much improvement since 1Q10. I think the best tool may be the 4 quartter moving average, which appeas to be working lower?

london red 12:49 GMT May 29, 2014
Agree or Disagree? EURUSD

eurgbp short at 50 will add 60-67 if seen. stop will be a little above there. looking for weekly/monthly close below 8167 fib. 20 day ma currently capping risk to 8191 fib if taken. will try again there if trade fails. target 8114 and lower.

GVI Forex john 12:45 GMT May 29, 2014
U.S. Weekly Jobless Claims

Weekly Jobless claims data improves.





Click on chart for ten-year history


GVI Forex john 12:39 GMT May 29, 2014
U.S. GDP 1Q14p

1Q14 (annualized) Revised to -1.00% Hard to spin this.




GVI Forex john 12:33 GMT May 29, 2014
Canada Current Account C$ bln 1Q14
Reply   

ALERT
-12.39 vs. -13.0 exp. vs. -16.0 (r -15.64) prev.


TTN: Live News Special Offer


Direct links to primary data sources

tokyo ginko 12:32 GMT May 29, 2014
Agree or Disagree? EURUSD

add usdjpy long 101.55 !

GVI Forex john 12:32 GMT May 29, 2014
U.S. Weekly Jobless Claims
Reply   




NEWS ALERT
Initial Claims (000)
300K vs. 315K exp. vs. 326K (r 327 K) prev.
Continued Claims (mln)
2.631 vs. 2.650 exp. vs. 2.653 (r 2.648 ) prev.
Press Release



TTN: Live News Special Offer

GVI Forex john 12:30 GMT May 29, 2014
U.S. GDP 1Q14p
Reply   



ALERT
-1.00% vs. -0.50% exp. vs. +0.10% prev.

RELEASE: U.S. GDP


TTN: Live News Special Offer


Direct links to primary data sources

london red 12:25 GMT May 29, 2014
Agree or Disagree? EURUSD

cable below 16688 opens up 16605 which should be as low as it goes before a minimum 100 point/multiday rally.

london red 12:09 GMT May 29, 2014
Agree or Disagree? EURUSD

JM, think we need to do 13570/40 cover into ecb meet. cant see below 13490 ahead of that meet. looking for eurgbp close below 8160 friday use any rally to sell 55-67.

NY JM 11:54 GMT May 29, 2014
Agree or Disagree? EURUSD

And if it comes in weaker than expected?

tokyo ginko 11:26 GMT May 29, 2014
Agree or Disagree? EURUSD

GDP will come better expected..USD will rally...and US stocks will be firm..

GVI Forex Jay Meisler 11:18 GMT May 29, 2014
Agree or Disagree? EURUSD


Video Market Update

Is US GDP an opportunity to trade?

GVI Forex john 11:11 GMT May 29, 2014
Agree or Disagree? USDJPY
Reply   
For the last several hours, the S&P has been trading dead flat and USDJPY has been trading flat along with it. So once again we are wondering which market is going to lead, and where is it headed. One thing I have noticed over the years is that U.S. equity markets rarely follow the lead of overseas trading. We will see what happens today. Participation might be slightly reduced on the Continent, but most of the major markets, plus London are open.

The 10-yr yield is virtually unchanged from late Wednesday at 2.435%

GVI Forex Blog 10:16 GMT May 29, 2014
Global Markets News
Reply   
Australia released its Q1 CAPEX data aided AUD currency which jump higher on upgrade in FY14/15 spending projections

TradeTheNews.com EU Market Update: Markets languish on Ascension Day, markets look to US jobless claims and prelim GDP data for next spark

PAR 09:52 GMT May 29, 2014
Free Markets
Reply   
Companies buy back their own shares and governments thru their central banks buy back their own bonds .

GVI Forex Blog 09:49 GMT May 29, 2014
Weak Japanese Retail Sales. U.S. Calendar Today
Reply   
HIGH IMPACT NEWS ITEMS: EZ- Holiday (partial), CH- Holiday, CA- Current Account, GDP. US- GDP, Jobless Claims, Pending Homes Sales

Forex trading activity yesterday was slow. Traders might have been

Weak Japanese Retail Sales. U.S. Calendar Today

SaaR KaL 09:45 GMT May 29, 2014
Day's Trades

GBPCHF
1.4990 1.4909
1.5029 short would be nice

SaaR KaL 09:34 GMT May 29, 2014
Day's Trades

NDX
3,756.7541 3,714.1530
EURAUD
1.4660 1.4579
(1.4700 short is good)

EURGBP
0.8165 0.8135

GVI Forex john 09:33 GMT May 29, 2014
April 2014 Japan Retail Sales

Big spike in March sales (pre-sales tax hike) seeing some payback in April. These data are worth watching closely in the immediate future.

GVI Forex john 09:29 GMT May 29, 2014
April 2014 Japan Retail Sales
Reply   




EARLIER Data News
-4.40% vs. -3.20% exp. vs. +11.00% prev.


TTN: Live News Special Offer

SaaR KaL 09:28 GMT May 29, 2014
Day's Trades

Silver
19.0117 18.6078

Gold
1,255.1454 1,226.8376
1261 is good sell

SaaR KaL 09:22 GMT May 29, 2014
Day's Trades

other pairs close
GBPAUD 1.7978 1.7899

GBPCAD 1.8142 1.8055

GBPNZD 1.9800 1.9665
(a Buy at 1.9638 )


GVI Forex john 09:20 GMT May 29, 2014
Risk On/Off Heat Map
Reply   


  • Early in Europe, yields in prime fixed income markets are broadly lower today following the sharp decline in U.S. yields  yesterday. Some centers are closed for a holiday.  Yields on bonds on the periphery of the Eurozone are mostly a touch higher.
  • Equities mostly fell in the Far East earlier as they followed the Wednesday  U.S. lead. European bourses are mixed. U.S. equity futures are up slightly.
  • The U.S. 10-yr is 2.43%, -2bp.

    The heat map color scheme of interest rates reflects yields. This aligns all the colors in the chart to reflect risk-on (green) and risk-off(red).

SaaR KaL 09:17 GMT May 29, 2014
Day's Trades

NZDUSD
Close 0.8468 0.8376
I just shorted that too

SaaR KaL 09:14 GMT May 29, 2014
Day's Trades
Reply   
USA Close Ranges

EURJPY 137.9103 137.0304
GBPJPY 169.3161 167.9072
USDCHF 0.9017 0.8969
USDCAD 1.0911 1.0860

SaaR KaL 09:09 GMT May 29, 2014
SELL AUDUSD!!! Sell

I did too
IMO heading to 0.92

KL KL 08:57 GMT May 29, 2014
SELL AUDUSD!!! Sell

covering 4/5 short audusd here .93013.....add more shorts again above .9319......
Wow...precision Ninja.....LOL last post ...off to bed!!...see you in 7 hours when Yankees .... do battle with Ninja!!

SaaR KaL 08:51 GMT May 29, 2014
euro

cable
seems to want to close
1.6690 to 1.6565
I doubt it goes higher then 1.6740 by much

SaaR KaL 08:48 GMT May 29, 2014
euro

i doubt eurusd goes above 1.3617
close range
1.3585 to 1.3510 for usa

london red 08:41 GMT May 29, 2014
euro
Reply   
euro. previous hourly candle has long tail, is now a marker as to whether we trade 13560/40 or not today. any longs 135xx can use tail as stop, raising to under 13599 if 13610 is cleared - its possible we get further short covering ahead of gdp later on as almost certain to be downgraded to negative for q1. most are expecting a negative 0.5 to 0.8%.

KL KL 08:38 GMT May 29, 2014
SELL AUDUSD!!! Sell

in again .93105....relentless Sell!!

DFM - don't follow me
DYOR - do your own research
imvho - in my VERY humble opinion
gl gt - good luck good trade..

LOL - laughing out loud.......LOL

KL KL 06:46 GMT May 29, 2014
SELL AUDUSD!!! Sell

out and cover 5/6 AUDUSD short here .9288..no need to be greedy when relentless....add more above .93 later.....short covering or funny bizness??

Jeddah Abb 06:21 GMT May 29, 2014
sell
Reply   
Sell
Entry: Target: Stop:

also i sell GbpCad at 1.8170 target below 1.81-180..

Jeddah 06:18 GMT May 29, 2014
sell
Reply   
Sell GBPJPY
Entry: Target: Stop:

trying to sell GbpJpy at actual price 170.04 target below 168..

KL KL 06:18 GMT May 29, 2014
SELL AUDUSD!!! Sell
Reply   
In short relentless .09295...unceasing...as much as my finger can cope with clicking.....LOL

DFM...DYOR...imvho and gl gt....see if can chase it higher and cover near .9290..... the No NEED to be greedy trade...LOL

GVI Forex Blog 05:53 GMT May 29, 2014 Reply   
(JP) JAPAN APR RETAIL SALES M/M: -13.7% V -11.7%E; Y/Y: -4.4% V -3.3%E (biggest decline since Mar 2011) >- (AU) AUSTRALIA Q1 PRIVATE CAPITAL EXPENDITURE (CAPEX) Q/Q: -4.2% V -1.9%E (2nd quarterly decl

TradeTheNews.com Asian Market Update: AUD rallies on upgrade in FY14/15 CAPEX forecast; Japan retail sales slump as higher tax sets in - Source TradeTheNews.com

GVI Forex Blog 03:29 GMT May 29, 2014 Reply   
Nearly all the markets are trading very quietly ahead of the US GDP data and even a worse

Morning Briefing : 29-May-2014 -0329 GMT

Hong Kong Ahe 03:25 GMT May 29, 2014
AUDUSD

AL, thank you very much ;)

Dillon AL 03:23 GMT May 29, 2014
AUDUSD

two dates one for May 30th the other June 30th

Hong Kong Ahe 03:07 GMT May 29, 2014
AUDUSD

Today up is temporary or the last as expectation figure is only an illusion. Target the 200 day moving average of AUDUSD 0.9173 and MVG(100) 0.9114.

Hong Kong Ahe 02:55 GMT May 29, 2014
AUDUSD

Thank you AL for the chart, June 30th or May30th?

Dillon AL 02:54 GMT May 29, 2014
AUDUSD

Looking at the chart I posted there is a clear 21 day cycle. we are currently at day 19 and the next major cycle date thereafter is June 30th

Hong Kong Ahe 02:40 GMT May 29, 2014
AUDUSD

When all data are negative, you can't explain why AUD is pushing up. They picked up a expectation figure on next year for the excuse. I am sitting here to see how long it would last before all small fishes are on their net.

Dillon AL 02:26 GMT May 29, 2014
AUDUSD



they say a picture tells a thousand words

Hong Kong AceTrader 02:19 GMT May 29, 2014
AceTrader May 29: Intra-Day Market Moving News & Views & data to be released today
Reply   

Intra-Day Market Moving News and Views USD/JPY

29 May 2014 01:32GMT

USD/JPY - 101.70

New on BOJ's Shirai speech:
Positive cycle of output, income, expenditure likely to continue in Japan;
Downside risks subsiding somewhat but still need to be mindful of them;
Japan prices likely to gradually rise around 4Q 2014;
Will take some time for medium-, long-term inflation expectations of households to rise as a trend;
Downside risks on Japan price outlook subsiding somewhat, but still need monitoring;
Must scrutinise economy, price moves after second sales tax hike to see whether 2 pct inflation will be sustained stably;
My economy, price forecasts are made on assumption QQE will be maintained beyond 2015;
Feel Japan will need more than 2 years to achieve 2 pct inflation under current flexible inflation targeting;
Expectations of households to rise as a trend.


00:51GMT
Chinese Premier Li Keqiang says will adopt timely and moderate "fine tuning" of economic policy;
fundamental fiscal and monetary policy will remain intact.


Data to be released on Thursday :

Japan retail sales, Australia HIA new home sales, private capital expenditure, China leading index, Canada current account balance, U.S. GDP, personal consumption, core PCE, initial jobless claims, pending home sales.

Dillon AL 02:05 GMT May 29, 2014
Agree or Disagree? EURUSD

JP. To plagiarise a recent comment from a so called regulator
it just sounds like pure front running by the first class who pay more money to board the airplane first
In days of old these guys would have been prosecuted for churning and inside information and not playing in a level playing field
Just as Syd showed from his article and Jay has written about in Adapt or Die one has to be flexible and rather than fight the Algo one needs to align oneself with them as I have written and stated many times over many years both here and in magazines
Be aware of their weakness in being a market maker or so called liquidity provider

Hong Kong Ahe 01:44 GMT May 29, 2014
AUDUSD
Reply   
Why AUD/USD rises? The data released all I read are negative? It doesn't make sense for the rise.

Mtl JP 01:41 GMT May 29, 2014
Agree or Disagree? EURUSD

AL does it not sound like superior savvy programming running on top of top physical hardware ?

HK [email protected] 00:10 GMT May 29, 2014
NZD/USD 0.84000 targeted.
Reply   
/

 




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GVI Trading. Potential Price Risk Scale
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Mon 27 May 2019
AAGB/US- Holiday
Tue 28 May 2019
A 14:00 US- Consumer Confidence
C 13:00 US- Case-Shiller
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A 08:55 DE- Employment
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AAEZ/CH- Holiday
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AA 14:00 US- Final Univ of Michigan


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