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Forex Forum Archive for 06/02/2014

Pick a date from the header above to view forum postings for that day.
Click here to join the Live Forex Forum.


GVI Forex Jay Meisler 23:05 GMT June 2, 2014
How Can I Improve My Money Management Skills?
Reply   
For traders of all levels of experience but especially new ones

Ask Your Advocate: How Can I Improve My Money Management Skills?

GVI Forex john 21:12 GMT June 2, 2014
Calendar -- Daily Forex Data



June 2, 2014 (global-view.com) UPCOMING DATA HIGHLIGHTS for Tuesday, June 3. Updated: Trading News Events Calendar

HIGH IMPACT NEWS RELEASES: AU- Trade, RBA Decision, CN- HSBC PMI, EZ- flash HICP, US- Factory Orders

  • Far East: AU- Trade, RBA Decision, CN- HSBC PMI.
  • Europe: EZ- flash HICP, Unemployment.
  • North America: US- Factory Orders, API Energy.


GVI Forex john 20:47 GMT June 2, 2014
Weekly Trading Planner
Reply   
TUESDAY 3 June 2014
Australia
Reserve Bank Decision- No Rate change expected. Key event
Eurozone
Flash HICP (CPI)- Key input to ECB Decision Thursday.
United States
Factory Orders - Not a market mover. but part of the picture.
WEDNESDAY 4 June 2014
EZ, UK, CH- Service Final PMI Flash PMIs- rarely change much
EZ- GDP- Key data for ECB

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.

GVI Forex Blog 20:38 GMT June 2, 2014
AUD and NZD
Reply   
The US dollar and US interest rates rose. Germany's CPI for May undershot expectations and added to the case for ECB easing later this week. US data was mixed, the widely followed ISM manufacturing report creating market volatility after it was released three times due to errors. The correct update showed manufacturing activity continued to expand, helping the S&P500 (currently +0.1%) make a fresh record high.

Australia & NZ Morning Thoughts

GVI Forex john 19:46 GMT June 2, 2014
Risk On/Off Heat Map






Late Snapshot

GVI Forex john 19:41 GMT June 2, 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 19:19 GMT June 2, 2014
Chart Points -- Trading Points
Reply   
Pre-Closing...


dc CB 18:57 GMT June 2, 2014
It's a beautiful day in the neighborhood...
Reply   
Hello neighbor!

http://www.zerohedge.com/news/2014-06-02/and-nasdaq-breaks

http://www.zerohedge.com/news/2014-06-02/20-minutes-today-hfts-got-data-you-didnt

ZH

GVI Forex Blog 18:44 GMT June 2, 2014 Reply   
HIGH IMPACT NEWS ITEMS: AU- Trade, RBA Decision, CN- HSBC PMI, EZ- flash HICP, US- Factory Orders

U.S. manufacturing data were strong Monday. Both the ISM PMI and Markit PMI gained. In a comedy of errors, ISM initially reported a sharp decline in its mfg PMI. The ISM reported an initial correction to the report citing errors in its calculation. Subsequently, ISM then revised its data for a second time, to a smaller increase the its first correction showed. The final reading was 55.4 vs 54.9 in April.

Mixed PMIs Monday. Focus ECB Thursday and U.S. Jobs Friday

Livingston nh 18:32 GMT June 2, 2014
Risk On/Off Heat Map

John maybe all the weak hands are gone -- yields are lower than inflation --- maybe the mopes finally figured it out

GVI Forex john 18:19 GMT June 2, 2014
Risk On/Off Heat Map

10-yr higher 2.537% +8bp big move.

SaaR KaL 17:54 GMT June 2, 2014
gold and silver
Reply   
silver
Sell w/ Spikes > High Buy w/ dips < Low
19.9905 18.3233

much rather SHort gold really over the next 2 weeks

Trade Plan 30 Days
Sell w/ Spikes > High Buy w/ dips < Low
1,309.6649 1,216.2630

I doubt will go much above
1,260.54
this week

Livingston nh 17:43 GMT June 2, 2014
STOX


History started yesterday?? LINK

london red 17:42 GMT June 2, 2014
STOX

most of the wires now looking at higher for usdjpy, very few looking to fade, would be a nice wick on daily candle on anything at or below recent high at 102.15.

Livingston nh 17:33 GMT June 2, 2014
STOX

red - IF correlation of SPX and yen holds -- USD/JPY close below 102.10 and a test of last week level - double bottom

Livingston nh 17:30 GMT June 2, 2014
STOX

JP - EUR/JPY would be best if US stox drop (my bet)

london red 17:24 GMT June 2, 2014
STOX

nh, if jpy reverses today after earlier breakout then looking at another run at recent lows, is that what you see?
i have some res at 55, 70 and 103.05, while below the latter still technically lower highs.

Mtl JP 17:23 GMT June 2, 2014
STOX

nh 16:58 u prefer short euryen or dlryen ?

Livingston nh 16:58 GMT June 2, 2014
STOX

SPX 1912 is target - watch JPY this afternoon

Sanible Is Fl Sirignore 16:44 GMT June 2, 2014
Agree or Disagree? EURUSD

moving stop down to 3606 on 3626 short..
cn 3590

dc CB 16:43 GMT June 2, 2014
US Manuf. May



and the last revsion revision

looks like the Stock Algos are frozen in place...lol

will the 2:15 Express leave the station?
will tomorrow be Tuesday?

Livingston nh 16:41 GMT June 2, 2014
Just a suggestion
Reply   
trade off whatever number gets released but only BELIEVE anecdotal eyeball evidence --- you avoid the Emperor's New Clothes syndrome --- stox w/ no earnings have no value -- bonds at lowest yield in decades have no value -- currencies that are only backed by a trade zone have no value // if it seems like it can't it probably can't

New York JKn 16:35 GMT June 2, 2014
US Manuf. May

ok, this is just ridiculous

dc CB 16:34 GMT June 2, 2014
US Manuf. May



via ZH

What the ISM revised, in its first revision, ....not the latest er...2nd revision.

dc CB 16:31 GMT June 2, 2014
US Manuf. May



ISM ISSUES SECOND CORRECTION TO MAY FACTORY INDEX - NOW 55.4

Mtl JP 16:26 GMT June 2, 2014
US Manuf. May

odds of them naming names who made the alleged mistake of wrong adjustments - if there is such a thing ?

Mtl JP 16:18 GMT June 2, 2014
US Manuf. May

The ISM corrected its index to read 56 after initially reporting the gauge fell to 53.2. Economists in a Bloomberg survey had forecast a reading of 55.5. - BBRG

Livingston nh 16:17 GMT June 2, 2014
US Manuf. May

PAR - yeah they're really big -- IBM 360 -- 50 yrs old // GIGO -- seasonally adjusted of course

PAR 16:14 GMT June 2, 2014
US Manuf. May

Just unbelievable . Do they use big computers ?

london red 16:02 GMT June 2, 2014
Agree or Disagree? EURUSD

by my reckoning 10 year just touched support, this follows on from last weeks reversal, so another low today and could be the start of something bigger. if it was any other instrument, weekly certainly looks like a multiweek top in place.
NY, upside surprise unlikely more so given germany own figures earlier today which missed quite badly. i am more of the angle that easy stops are not far above the market and while some stale long may exist at these levels they will probably continue to do so given the extent of the fall already seen - if its not hurting them yet, another 50 points probably wont hurt them much more either. but of course i would be a seller of any rally to 60/70 ahead of ecb.

Livingston nh 15:59 GMT June 2, 2014
Agree or Disagree? EURUSD

!.3550 - wkly 55 ema is at 49 -- gets ugly down there

Mtl JP 15:55 GMT June 2, 2014
Agree or Disagree? EURUSD

efficient markets...
Treasurys extend fall on reports of ISM error

NY JM 15:50 GMT June 2, 2014
Agree or Disagree? EURUSD

Red, would be nice but would need an HICP surprise for that to happen.

Mtl JP 15:50 GMT June 2, 2014
Agree or Disagree? EURUSD

usdyen butting against 100dma resistance

london red 15:49 GMT June 2, 2014
Agree or Disagree? EURUSD

NY how about 13650 tomorrow then 13550 thursday

GVI Forex john 15:49 GMT June 2, 2014
May 2014 U.S. ISM Manufacturing PMI

PMI employment revised to 52.8 vs. 51.9 originally reported.

GVI Forex john 15:46 GMT June 2, 2014
May 2014 U.S. ISM Manufacturing PMI

Much different picture!

NY JM 15:44 GMT June 2, 2014
Agree or Disagree? EURUSD

Anyone want to make a bet on EURUSD 1.3550 vs. 1.3650 as which trades next?

dc CB 15:42 GMT June 2, 2014
Risk On/Off Heat Map



that ony made things worse on the bond front

Rem what MJ White said underoath The Markets are Not Rigged.

GVI Forex john 15:40 GMT June 2, 2014
Risk On/Off Heat Map


  • Late in Europe, yields in European prime fixed income markets have turned. Markets may be on hold most of the week waiting for the ECB decision Thursday. Yields on bonds on the periphery of the Eurozone are mixed to lower. U.S. Treasury yields are up.
  • Equities gained in the Far East earlier. China and Hong Kong were closed. European bourses are mostly higher. U.S. equities are mixed.
  • The U.S. 10-yr is 2.52%, +6bp.

Livingston nh 15:36 GMT June 2, 2014
Risk On/Off Heat Map

AHAHHA - seasonally adjusted !!!! -- always use the raw data unseasoned so you draw your own conclusions

Livingston nh 15:36 GMT June 2, 2014
Risk On/Off Heat Map

AHAHHA - seasonally adjusted !!!! -- always use the raw data unseasoned so you draw your own conclusions

Livingston nh 15:34 GMT June 2, 2014
Risk On/Off Heat Map

John - more likely bonds banged stox initially and ISM just poked them - there's a gap on SPX down at 1900 from Tues after Memorial Day -- Al's post last week was instructive re: FI --- flavor this stew w/ a little inflation and sub 6% unemployment -- see what the markets do

GVI Forex john 15:32 GMT June 2, 2014
May 2014 U.S. ISM Manufacturing PMI

May mfg PMI corrected to 56.0 from 53.2. That is a big change and brings the number in line with the Markit PMI.


ISM says they used the wrong seasonal adjustment factors

GVI Forex Jay Meisler 15:31 GMT June 2, 2014
US Manuf. May

ISM PMI correction: 56.0 and not 53.2 as reported earlier

How come it took 1-1/2 hours to report it

dc CB 15:29 GMT June 2, 2014
Risk On/Off Heat Map



Auctions Next week 3,10,30.

got to make room on the shelf. Ouch to all those shorts that got jammed last Thursday.

SaaR KaL 15:25 GMT June 2, 2014
Day's Trades

EURUSD
if you are short
stay in till at least 1.34
Might even see 1.3250

Date Avg
Jun/02/14 1.35380
Jun/16/14 1.32764

SaaR KaL 15:23 GMT June 2, 2014
Day's Trades

GBPJPY
Seems Likes to land soon


15 minutes
Date Avg
Jun/02/14 169.98321
Jun/05/14 168.77106

Hourly
Date Avg
Jun/02/14 169.96645
Jun/16/14 167.56200

GVI Forex john 15:17 GMT June 2, 2014
Risk On/Off Heat Map

Not sure it was the ISM PMI, S&P futures fell from 1924 to 1914 pre and post ISM release now its back up to 1920. USDJPY fell in sympathy but not to the same extent. I wonder if ISM data were leaked?

SaaR KaL 15:15 GMT June 2, 2014
Day's Trades

USDJPY
Date Avg
Jun/02/14 101.58072
Jun/16/14 101.31851
a sell in June

would like to short
at 103 area to 102.47

New York JKn 14:59 GMT June 2, 2014
US Manuf. May

that was me skimming too quickly: it was prices PMI
thanks

GVI Forex Blog 14:58 GMT June 2, 2014
Global Markets News
Reply   
US equities dipped into the red from the open of cash trade, and the move down was reinforced by the disappointing May ISM manufacturing data. Note that the new orders component declined to its lowest level since January.

TradeTheNews.com US Market Update: June Trading Starts on the Wrong Foot

GVI Forex john 14:56 GMT June 2, 2014
US Manuf. May

JKn

ISM PMI we have

53.2 vs. 55.5 exp. vs. 54.9 prev.

See: May 2014 U.S. ISM Manufacturing PMI GVI Forex john 14:01 GMT 06/02/2014

Sanibel Sirignore 14:54 GMT June 2, 2014
Agree or Disagree? EURUSD

taking 1/3 off 3626 short at 3608
stop to BE.

cn 3607

casting for some pips and some real bait fish in surf now.

gl gt.

New York JKn 14:49 GMT June 2, 2014
US Manuf. May
Reply   
PMI jumped to 60.0 from 56.5
i'm thinking this is part of a longer trend, and the past few months have been a short anomaly

GVI Forex Blog 14:32 GMT June 2, 2014 Reply   
June 2, 2014 (global-view.com) UPCOMING DATA HIGHLIGHTS for Tuesday, June 3. Updated: Trading News Events Calendar HIGH IMPACT NEWS RELEASES: AU- Trade, RBA Decision, CN- HSBC PMI, EZ- flash HICP, US- Factory Orders

GVI Forex Data Outlook for May 3, 2014

GVI Forex john 14:31 GMT June 2, 2014
Calendar -- Daily Forex Data
Reply   


June 2, 2014 (global-view.com) UPCOMING DATA HIGHLIGHTS for Tuesday, June 3. Updated: Trading News Events Calendar

HIGH IMPACT NEWS RELEASES: AU- Trade, RBA Decision, CN- HSBC PMI, EZ- flash HICP, US- Factory Orders

  • Far East: AU- Trade, RBA Decision, CN- HSBC PMI.
  • Europe: EZ- flash HICP, Unemployment.
  • North America: US- Factory Orders, API Energy.


GVI Forex john 14:29 GMT June 2, 2014
May 2014 U.S. ISM Manufacturing PMI

ISM Employment index 51.9 vs. 54.7, however ISM Mfg index has not been the most reliable predictor of NFP. In the recent past, the Services Employment PMI has been better. It is released on Wednesday.

Livingston nh 14:25 GMT June 2, 2014
of choirs and hymn books
Reply   
Chicago Fed Evan's joins the "inflation overshoot" chorus so looks like 2% inflation target is getting the same heave ho as 6% unemployment -- love that forward guidance

PAR 14:15 GMT June 2, 2014
May 2014 U.S. ISM Manufacturing PMI

Deflation

United States ISM Prices Paid above forecasts (57) in May: Actual (60)

GVI Forex john 14:11 GMT June 2, 2014
May 2014 U.S. ISM Manufacturing PMI

Generally, key global pMIs today have had a downward bias. I have observed recently that PMIs have been a better representation of the current state of the economies than as a predictor of the future, either way (up or down).

PAR 14:07 GMT June 2, 2014
Insider trading on the golf course

What wrong with making a few $ millions trading call options . What is sex and what is insider trading ? Very difficult to define nowadays .

GVI Forex john 14:07 GMT June 2, 2014
May 2014 U.S. ISM Manufacturing PMI



U.S./Eurozone PMIs. U.S. ISM and EZ PMI fall. Markit PMI gains .

Livingston nh 14:06 GMT June 2, 2014
ISM

Par - ISM gives direction but not magnitude -- May is the last of high birth death plug factor so there is an upward bias

PAR 14:04 GMT June 2, 2014
ISM
Reply   
Not good news for fridays unemployment numbers . Big drop in employment component .

GVI Forex john 14:01 GMT June 2, 2014
April 2014 Construction Spending
Reply   



ALERT

+0.20% vs. +0.70% exp. vs. +0.20% prev. (+0.60%)


TTN: Live News Special Offer




Direct links to primary data sources

GVI Forex john 14:01 GMT June 2, 2014
May 2014 U.S. ISM Manufacturing PMI
Reply   




News ALERT

53.2 vs. 55.5 exp. vs. 54.9 prev.
RELEASE: ISM Manufacturing PMI


TTN: Live News Special Offer


Direct links to primary data sources

Livingston nh 13:58 GMT June 2, 2014
STOX
Reply   
ISM may be the trigger for stox - prices and employment would be the key to Fed reactions over the summer -- GDP is not their concern but rising inflation and stronger employment puts them in a box

GVI Forex john 13:58 GMT June 2, 2014
Risk On/Off Heat Map

Trying to figure out why S&P fell by about 5 pts and 10-yr yield ROSE. Currently 2.510%+ 5bp. Makes sense that equities would fall when bond yields rise, but that begs the question "What is happening in bonds?"

Livingston nh 13:49 GMT June 2, 2014
GBP/USD
Reply   
Cable has again held above the daily 89 ema (now 1.6677) (l/t support back to summer) and never really threatened the wkly 21 ma (1.6669) but is now having trouble at the daily 55 ema - each rebound thru 55 ema has quickly resulted in a move above the 21 dma -- a breakout above 55 ema could be good for a run above 21 dma or a drop below 89 ema would be a significant pattern change daily and wkly

GVI Forex john 13:45 GMT June 2, 2014
May 2014 U.S. Markit FINAL Manufacturing PMI
Reply   



ALERT
56.4 vs. 56.2 exp. vs. 56.2 prelim

Markit PMI Press Release


TTN: Live News Special Offer


Markit PMI Press Release

GVI Forex john 13:33 GMT June 2, 2014
May 2014 Canada Markit PMI



Canadian PMIs (Ivey and RBC-Markit). Markit mfg PMI a bit weaker.


GVI Forex john 13:30 GMT June 2, 2014
May 2014 Canada Markit PMI
Reply   




ALERT
52.2 vs. n/a exp. vs. 52.9 prev.

Markit PMI Press Release


TTN: Live News Special Offer


Direct links to primary data sources

Mtl JP 13:20 GMT June 2, 2014
Hilsenrtah on Mario and his ECB
Reply   
Will it be one and done for the ECB? - wsj

Hilsy informs that ... "ECB officials from president Mario Draghi on down have signaled about as clearly as central bankers can signal that interest rate cuts and other measures are likely at Thursday’s policy meeting. They’re looking at a menu of options, including negative interest rates on deposits left by banks at the ECB, long-term loans to banks at capped interest rates and purchases of packaged bank loans. But as J.P. Morgan economists noted in a Friday commentary, the real mystery isn’t what choices they make from this menu Thursday, but how determined they sound about further efforts at future meetings to lift European inflation and growth if needed." .../..

Mtl JP 13:10 GMT June 2, 2014
Risk On/Off Heat Map

usdyen gv chartpoints
Res: 100 day 102.34
Sup: 200 day 101.46
Bottom Line:
trapped in a range.
trade something else

GVI Forex 13:03 GMT June 2, 2014
Risk On/Off Heat Map

JPY is very sensitive to moves in US yields.

GVI Forex john 13:02 GMT June 2, 2014
Risk On/Off Heat Map

10-yr 2.505% +4.5

Sanibel Is. Fl Sir Ignore 12:51 GMT June 2, 2014
Agree or Disagree? EURUSD

gm..
no momo trade in full view..only the prospects of one..
entered short at 3626 for sub 3580 then 3480..
with 3645 stop or reshort area….not much risk..

need some more book cooking on nfp
about time for a good whopper..

gl gt

Mtl JP 12:28 GMT June 2, 2014
Agree or Disagree? EURUSD

red on a non-technical note it is amusing - to me at least - to read the loads of commentary dissing Mario's credibility if he does not do something to the euro to supposedly stimulate the eu economy.

Mtl JP 12:18 GMT June 2, 2014
Insider trading on the golf course

howl u doing PAR ?
warwolf

PAR 12:11 GMT June 2, 2014
Insider trading on the golf course
Reply   
The Wolf of Wallstreet II ?

london red 12:10 GMT June 2, 2014
Agree or Disagree? EURUSD

JP, was just about to say that just the slightest smell of burning in the air. As you say a squeeze will put 200 day at risk so selling 70 makes sense. While eurgbp should take out late comers above 42 with sells at 60 likely to yield. If not then surely 90 makes you right second tine of asking. After ecb its possible things may change depending on what they do.

Mtl JP 12:07 GMT June 2, 2014
Agree or Disagree? EURUSD

the 200dma may turn out to be tricki as it may go after the late and short-term short players

PAR 11:49 GMT June 2, 2014
USD
Reply   
USD unable to move higher as market afraid of bad Us unemployment numbers next Friday and that is beyond Draghi's control . So imho Friday more important than Thursday .

Mtl JP 11:46 GMT June 2, 2014
Agree or Disagree? EURUSD

to trade or not to trade
to short or to long
-----------------
euro is trapped between its recent 1.3592-ish low and the 200dma
it is probably preferable to short pops towards the 200ma

PAR 11:42 GMT June 2, 2014
BNP Paribas
Reply   
Hollande to discuss BNP Paribas fine with Obama . Never will they pay $10 billion .

GVI Forex Jay Meisler 11:20 GMT June 2, 2014
Agree or Disagree? EURUSD

As posted on GVIForex


Video Market Update

EURUSD 1,36 trades for 4th day in a row

GVI Forex Jay Meisler 10:31 GMT June 2, 2014
Will the ECB Go the Full Monty?
Reply   
June newsletter - Thoughts from the Forex Trenches

Will the ECB Go the Full Monty?

GVI Forex john 10:25 GMT June 2, 2014
May 2014 Australia PMI
Reply   






Earlier News ALERT
49.2 vs. n/a exp. vs. 44.8 prev.


TTN: Live News Special Offer


Direct links to primary data sources

GVI Forex Blog 10:01 GMT June 2, 2014
Global Markets News
Reply   
The Euro remained on the defensive with the various German State CPI data likely confirming that the ECB will cut rates later this week. Thus dealers concluded it was best to short position into the expecting easing but will Draghi deliver?.

TradeTheNews.com EU Market Update: June begins with expectations of more market volatility; German State CPI data likely confirming that the ECB will cut rates later this week

london red 09:51 GMT June 2, 2014
May 2014 UK Manufacturing PMI

eurgbp 10 day ma 14. 8100 and below beckons if taken. risk of rebound if cant break but bias still to downside while below the 20 day ma (42).
cable res at 65 then 80/90 followed 6810 with 200 hour ma close by.
on downside 16688 is a key support for me, risk to 6605 if broken, but this is a scenario possibly for thursday afternoon.

SaaR KaL 09:27 GMT June 2, 2014
Day's Trades

Or
No Party at all

SaaR KaL 09:26 GMT June 2, 2014
Day's Trades

Wisdom Vs. (control / Greed)
can be used in the same analogy
Most criminals see the take home as a just right
until they get into the point of no return
consecutive Vs. Liberal
It is even declared
Maybe a "Balance" Party should be in there somewhere..
:)

SaaR KaL 09:11 GMT June 2, 2014
Day's Trades

weather Forecast Vs. Climatology
is in trading too...
those that live daily Weather work harder with many error
and those that do climatology...will say summer is coming anyways

They hate each other BTW
Just a different Job...LOL
Like Oil and Tesla
same story again and again

SaaR KaL 09:09 GMT June 2, 2014
Day's Trades

weather Forecast Vs. Climatology
is in trading too...
those that live daily Weather work harder with many error
and those t

GVI Forex Blog 09:08 GMT June 2, 2014
PMIs Mostly on the Soft Side So Far. Focus on ECB Thurs and U.S. Jobs Friday
Reply   
HIGH IMPACT NEWS ITEMS: US, CA. PMI's

Key European PMI's were generally weaker and reinforce the case for ECB policy ease on Thursday. See the FOREX FORUM. for actual data, selected charts, etc.) and comments from experienced traders to events as they happen. 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.

PMIs Mostly on the Soft Side So Far. Focus on ECB Thurs and U.S. Jobs Friday

GVI Forex john 08:58 GMT June 2, 2014
Risk On/Off Heat Map
Reply   


  • Early in Europe, yields in European prime fixed income markets are broadly lower. Markets may be on hold most of the week waiting for the ECB decision Thursday.  Yields on bonds on the periphery of the Eurozone are mixed to lower.
  • Equities gained in the Far East earlier. China was closed. European bourses are mostly higher. U.S. equity futures are modestly higher.
  • The U.S. 10-yr is 2.48%, +2bp.

london red 08:40 GMT June 2, 2014
May 2014 UK Manufacturing PMI

eurgbp squeezed higher ahead of data on rumour of weak number, but capped by 20 day ma thus far (42). if no euro short squeeze stops above there will be safe and a return to sub 8100 on cards. above 20 day is res from former fibs 55-67 and 90, surely will cap into ecb.

london red 08:37 GMT June 2, 2014
May 2014 Manufacturing PMI

manu pmi ticks higher again, maybe soft patch behind us. puts pressure on services pmi later in week, as whatever manu does servs generally better, so in line for a beat. construction due tuesday, but already v high at 60.8 last

GVI Forex john 08:36 GMT June 2, 2014
May 2014 UK Manufacturing PMI



U.K. Manufacturing PMI weaker, but in line with estimates. Overall level remains relatively high...

SaaR KaL 08:34 GMT June 2, 2014
Day's Trades

USDJPY
Date Avg
Jun/02/14 101.57854
Jun/16/14 101.34226

will wait for
103.0646

time frame


Date Avg Max Min
Jun/02/14 101.57854 103.89738 94.99736
Jun/16/14 101.34226 103.66914 94.76901

GVI Forex john 08:30 GMT June 2, 2014
May 2014 UK Manufacturing PMI
Reply   




-- NEWS ALERT --

57.0 vs. 57.0 exp. vs. 57.3 prev.



TTN: Live News Special Offer

Direct links to primary data sources

GVI Forex john 08:29 GMT June 2, 2014
May 2014 Japan PMI
Reply   






EARLIER NEWS ALERT
49.9 vs. 49.9 exp. vs. 49.4 prev.

Markit PMI Press Release





TTN: Live News Special Offer


Direct links to primary data sources


EARLIER: Japanese PMI. Second-tier release but it has tumbled to below 50...

SaaR KaL 08:27 GMT June 2, 2014
Day's Trades

USDCAD
a sell above 1.08067
for a week

Date Avg
Jun/02/14 1.08067
Jun/16/14 1.06881

will do nothing until i see 1.0954

but using daily for 3-4 months

Date Avg
Jun/02/14 1.10716
Apr/30/15 1.21016

will only buy
1.0390

GVI Forex john 08:23 GMT June 2, 2014
May 2014 Swiss PMI

Swiiss PMI also pointing down (earlier today).

GVI Forex john 08:22 GMT June 2, 2014
May 2014 Swiss PMI
Reply   


May 2014 Swiss PMI





Earlier data
52.5 vs. 53.7 exp. vs. 55.8 prev.


TTN: Live News Special Offer


Direct links to primary data sources

SaaR KaL 08:16 GMT June 2, 2014
Day's Trades

would be very happy to short
AUDUSD
Date Avg
Jun/02/14 0.92637
Jun/16/14 0.92280

just that i need to be around
0.9458
to start accumalting

SaaR KaL 08:13 GMT June 2, 2014
Day's Trades

happy to;
short
EUR/USD
EUR/JPY
EUR/GBP

Long
USD/CHF
GBP/CHF

Over the week

SaaR KaL 08:09 GMT June 2, 2014
Day's Trades
Reply   
EURUSD
would not surprised hits 1.3350 from here

london red 08:09 GMT June 2, 2014
May 2014 EZ- Final MFG PMI

we may have to flash a new low first briefly but would be surprised if theres no short squeeze ahead of the ecb on thursday.

GVI Forex john 08:08 GMT June 2, 2014
Agree or Disagree? EURUSD
Reply   
EURUSD psychological support at risk?

GVI Forex john 08:07 GMT June 2, 2014
May 2014 EZ- Final MFG PMI

More weaker data from Germany. Is the Eurozone broady weakening? Fuel for Draghi ease on Thursday.

GVI Forex john 08:05 GMT June 2, 2014
May 2014 EZ- Final MFG PMI

EZ, GE and FR final Mfg PMI. Eurozone and Germany revised down. France up from flash estimates...


GVI Forex john 08:01 GMT June 2, 2014
May 2014 EZ- Final MFG PMI

EZ and Germany flash data revised lower.

GVI Forex john 08:00 GMT June 2, 2014
May 2014 EZ- Final MFG PMI
Reply   




ALERT

EZ- Final MFG PMI
52.2 vs. 52.5 (flash) exp. vs. 52.5
France
49.6 vs. 49.3 (flash) exp. vs. 49.3
Germany
52.3 vs. 52.9 (flash) exp. vs. 52.9


Markit PMI Press Release



TTN: Live News Special Offer


Direct links to primary data sources

GVI Forex Blog 06:21 GMT June 2, 2014 Reply   
- (CN) CHINA MAY MANUFACTURING PMI: 50.8 V 50.7E (3rd consecutive increase and 5-month high) >- (AU) AUSTRALIA MAY RPDATA/RISMARK HOUSE PRICE INDEX: -1.9% (1st decline in a year; Biggest decline in ov

TradeTheNews.com Asian Market Update: Australia house prices drop at fastest pace in over 5 years; China PMI hits 5-month high - Source TradeTheNews.com

Mtl JP 06:21 GMT June 2, 2014
Bank of England to consider interest rate rise: First hike in seven year could cool housing market

"...Some experts believe interest rates could..."

some experts alright. Is that the most solid statement they can come up with ? Lets see the "some experts" put some of their money on it.

Syd 04:14 GMT June 2, 2014
Bank of England to consider interest rate rise: First hike in seven year could cool housing market
Reply   
he Bank of England will raise the prospect of higher interest rates this week as it battles to keep the economic recovery on track.
Rates have been frozen at a record low of 0.5 per cent since March 2009 – an unprecedented situation that has helped borrowers while hammering savers.
But with the recession over and the economy heading for its best year since before the financial crisis, a rise is back on the cards. Higher rates will push up the cost of mortgage repayments for millions of households, but bring relief to savers – who have lost out over the past five years.

‘Some of the more hawkish MPC members are starting to get twitchy, and it may not be that long before one or more start voting for a small hike,’ he said.

GVI Forex Blog 03:23 GMT June 2, 2014 Reply   
The RBI policy tomorrow is keeping the market in a state of anxiety as that would be the first

Morning Briefing : 02-Jun-2014 -0322 GMT

Mtl JP 01:47 GMT June 2, 2014
whiners
Reply   
Canada’s banks face headwinds in U.S.

allgedly ...“It’s a function of competition.”...
-
BUT .... more importantly the piece may contain a major macro clue: it is "a slow macro-economic recovery" south of the border.

Mtl JP 00:55 GMT June 2, 2014
Chart Points -- Trading Points

lol , those Yen pivot Rs and Ss are almost as far apart as some trade stations spreads...
so how do we trade that matrix: what do we sell / buy ?

 




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