Forex Forum Archive for 06/1/2014

GVI Forex Blog 21:45 GMT June 1, 2014
Week Ahead
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�Markets await scale of ECB stimulus against a subdued inflation background

�US data to suggest strong rebound in Q2 activity

�Bank of England to stand pat amid more mixed data

ECONOMIC DATA ANALYSIS - ECB TO DELIVER FURTHER STIMULUS

GVI Forex john 21:09 GMT June 1, 2014
Chart Points -- Trading Points

JPY Pivots Basis previous session ranges...

GVI Forex john 20:38 GMT June 1, 2014
Weekly Trading Planner
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MONDAY 2 June 2014
EZ, UK, CH- Mfg Final PMI Flash PMIs rarely change much
United States
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.

WEDNESDAY 4 June 2014
EZ, UK, CH- Service Final PMI Flash PMIs rarely change much
United States
ADP Jobs- Volatile series but tends to influence� outlook for NFP.
ISM Service PMI-Reliable source and closely followed.
Beige Book- Economic report used by Fed for policy discussions.
Canada
Bank of Canada Decision. No rate changes seen for now.

THURSDAY 5 June 2014.
United Kingdom
Bank of England Decision
Eurozone
European central Bank Policy Decision
United States
Jobless Claims

FRIDAY6 June 2014.
United Kingdom
Trade- GBP Sensitive to this statistic
United States
Employment - Most important statistic of the month

GVI Forex john 20:11 GMT June 1, 2014
Chart Points -- Trading Points
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Daily USD based Pivot Points. Basis previous session ranges...

GVI Forex john 14:35 GMT June 1, 2014
Calendar -- Daily Forex Data
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June 1, 2014 (global-view.com) UPCOMING DATA HIGHLIGHTS for Monday, June 2. Updated: Trading News Events Calendar

HIGH IMPACT NEWS RELEASES: China PMI, EZ, DE, FR, GB, CH. PMIs, US, CA. PMI's,

• Far East: China PMI's,
• Europe: EZ, DE, FR, GB, CH. PMIs.
• North America: US, CA. PMI's, US- Construction Spending.

GVI Forex Blog 14:07 GMT June 1, 2014
Monday is PMI Day. Focus on ECB Thurs and U.S. Jobs Friday
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HIGH IMPACT NEWS ITEMS: China PMI, EZ, DE, FR, GB, CH. PMIs, US, CA. PMI's

The Chinese NBS PMI released Sunday saw a modest improvement in May and another reading above the 50 expansion level. Some are skeptical of Chinese official statistics.

Monday is PMI Day. Focus on ECB Thurs and U.S. Jobs Fri

GVI Forex john 13:44 GMT June 1, 2014
Chart Points -- Trading Points
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Heat MAP USD Moving Averages...

Mtl JP 11:44 GMT June 1, 2014
Agree or Disagree? EURUSD

Paris ib 19:35 .. What is the problem exactly that they need to talk all the time? Are they worried? Should we be? Or is manipulating financial markets part of their mandate now?

They ARE worried. Liars and manipulators are ALWAYS worried.
What Lurks Beneath? Market Calm Unnerves Central Bankers - bbrg

Notice the proliferation of bullish propaganda. Appearance of "stability" (a deception) is very important to the "communicator" gang. Notice the proliferation of ingenious / sophisticated essplenations and rationalizations of current economics ? Americans in particular like to think of themselves as optimists and prudent players are dismissed as nega-sayers. It is their Achillies heel. The opportunity is in the crushing of alleged nay-sayers because the reality of Bubbles doesn�t change.

So it is a matter of surviving the crushing and being positioned for the inevitable Bubble bursting.

GVI Forex john 11:28 GMT June 1, 2014
May 2014 China NBS PMI

EARLIER: NBS PMI (official government statistic) improving slowly above the "50" line..

GVI Forex john 11:18 GMT June 1, 2014
May 2014 China NBS PMI
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Mtl JP 00:26 GMT June 1, 2014
Agree or Disagree? EURUSD

Livingston NH the mopes - as you call them - think that if the plebs somehow come to think / fear that they better spend their savings (thus stimulating the economy) before they buy next to nothing or actually nothing IF the "authorities" are driven into an actual monetary exchange - like in the 1958 27 december Rueff-Pinay plan of the so-called adoption of "nouveau franc" - that that fear will stimulate the economy as people basically rush to throw their money away at anything except holding on to it.

For possible historical lesson you ll want to note that the only deaths that occurred at that time were of some plebs committing suicides, but that there was no run on the royals in the palace. (i.e no major social revolution). In fact, the propaganda of the re-valuation of the franc claimed that it "d�montrera de fa�on �clatante la justesse des d�cisions prises" (it brilliantly proved the genius of the plan).

A bit more recent example is Venezuela: car dealers actually stopped selling cars in exchange for money intake. And people were eagerly buying 10-yr old jillops - in a desperate effort NOT to hold "money" coz by end of day it would lose half of its purchasing power.