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Forex Forum Archive for 06/05/2014

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Sanibel Is. Fl Sir Ignore 23:57 GMT June 5, 2014
Agree or Disagree? EURUSD

I've had shark for dinner many times.

GVI Forex Jay Meisler 23:49 GMT June 5, 2014
Agree or Disagree? EURUSD

Stops on a key event day are like inviting a shark to dinner. But as a rule, dumb stops can eat your account up even when right.

Sanibel Is. Fl Sir Ignore 23:43 GMT June 5, 2014
Agree or Disagree? EURUSD

Jay..a good video again..

regarding dum stops from the article.
I could be happy with some dumb, too close stops hit
rather than some longer "smart' stops hit at times..

your 9 points of adaptation trading I agree and is 'scripture' for our market now..

stops and exits…must be good…get what you are given..

on 1 hr now euro hit 55 area from 1 hr tunnel and looks to come back to tunnel at 3613 from 3659 now..
so placing short now at 3659 with stop 3675..if hit possible short higher.
or surf fishing Captiva Is.
gl gt

dc CB 23:18 GMT June 5, 2014
What's this about Deflation?
Reply   
I woz just peruzing the Home Depot insert in my WaPost.

the base level Toilet Replacement is now $129...used to be, last time I looked...$99

Whot? costs that much more to shite?

GVI Forex Jay Meisler 22:49 GMT June 5, 2014
Agree or Disagree? EURUSD


Video Market Update

Will EURUSD 8 day pattern around 1.36 be broken? How much risk on the upside?

GVI Forex john 21:42 GMT June 5, 2014
Weekly Trading Planner
Reply   

FRIDAY June 6, 2014
  • United Kingdom
    Trade- GBP Sensitive to this statistic
  • United States
    Employment - Most important statistic of the month 
 

GVI Forex john 21:24 GMT June 5, 2014
Chart Points - EUR Heat Map

Lots of red on this heat map.

GVI Forex john 21:16 GMT June 5, 2014
Chart Points - EUR Heat Map
Reply   
NEW Heat MAP EUR Crosses Moving Averages...





GVI Forex Blog 21:08 GMT June 5, 2014
AUD and NZD
Reply   
The ECB eased but most markets were not impressed. The EUR is 0.5% higher, while German and US bond yields are unchanged. Equity markets, though, liked what they saw,

Australia & NZ Morning Thoughts

dc CB 20:24 GMT June 5, 2014
New Record on S and P



the money chases yield

GVI Forex john 19:38 GMT June 5, 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 19:31 GMT June 5, 2014
Chart Points -- Trading Points
Reply   
Pre-Close...
Heat MAP USD Moving Averages...




Tallinn viies 18:49 GMT June 5, 2014
eurusd
Reply   
Nordea Bank:
ECB delivered a whole package of measures just as we expected. As a result, longer core yields initially rose, the curve steepened and the euro depreciated. We see more upside potential for long yields, but expect EUR/USD to rebound soon. As it will take a long time to see the effect of the measures announced today, the ECB will be very reluctant to jump into any QE programme any time soon, but the ABS programme will be added to the stimulus package later.
In short, the ECB delivered:

Refinancing rate and deposit rate cuts of 10bp
No new rate cuts in the pipeline
New targeted funding operation (TLTRO) of 400bn euros plus additional take up
ABS purchase program preparation
Prolonged full allotment liquidity provision
Limited room for negativity in rates

The ECB cut its key rates as we expected. The main refinancing rate was brought down by 10bp to 0.15% and the deposit rate to -0.10%. The marginal lending rate was cut by 35bp, making the interest rate corridor symmetrical.

The ECB is the first major central bank experimenting with negative rates. In the press conference, Draghi outlined that the negative rate will apply to reserve holdings in excess of the minimum reserve requirements and certain other deposits held with the Eurosystem – not surprising, since nothing else would have made sense.

Draghi changed the forward guidance to saying that key ECB rates will remain at present levels for an extended period of time. Hence, the ECB will not cut rates further, which is in line with our forecast. However, we were slightly surprised to see ECB outlining so clearly that no further cuts should be expected.

As we expected, the ECB decided to discontinue the sterilization of SMP purchases, which should increase the amount of liquidity in the system by over 160bn euros (though the full amount has not been sterilized every week). ECB will also extend the fixed rate full allotment procedure at least until December 2016.

The moves were widely expected, but should decrease the fluctuation in the short end of the curve.

Potentially north of 400bn euros of new measures

ECB will provide a new series of targeted longer-term refinancing operations (TLTROs). Operations will have a maturity of about 4 years until September 2018.

Interest rate on all new TLTROs will be fixed over the life of each operation at the MRO rate at the time of the take up plus a fixed spread of 10bp. In other words, the ECB will offer 4-year fixed-rate loans at rock-bottom rates, which should make it interesting for banks. The fixed-rate can also be seen as a strengthened form of forward guidance, i.e. implying the ECB does not expect to raise rates for a long time.

The initial size can amount to 400bn euros as individual banks can borrow 7 % of their total amount of loans to the Euro-area private sector (corporates and households excluding loans for house purchases). These two successive TLTROs are offered in September and December 2014.

In addition, from March 2015 to June 2016 banks can borrow still more TLTRO’s on a quarterly basis. Here the new take-up can amount to 3 times the net lending to private sector (ex. house purchases) on a specified time.

Operations can be paid back starting 24 months after the start.

The size of operations is likely to stay clearly below the amount seen in the previous unlimited LTRO operations that increased to 1000bn euros. However, the low rate on the funding should support the take up especially in the Euro-area periphery.

Hints of building ABS but not fast enough for summer

ECB will intensify preparations to start outright asset backed securities purchases. The ABS market is however still small and suffering from punitive regulatory treatment. So one should not expect fast changes on this front.

Reason to act: inflation

The lackluster inflation picture is the main reason why the ECB decided to finally act. The ECB cut its inflation forecasts considerably for all the forecast periods (see table below). The forecast for 2016 was brought down to 1.4%.



Support for the recovery but risks still tilted towards the need for more

We took the ECB’s message broadly positive, and see it as another factor supporting a recovery in the Euro-area economy. The package will not be a silver bullet by any means, and risks clearly remain tilted towards the ECB having to provide new measures. Draghi himself said the ECB was not finished, and would do more, if needed.

That said, Draghi also said it would take at least 3-4 quarters to estimate the effects of the TLTROs. As the ECB will want to see the effect of the measures it has taken, it will be reluctant to do much more in the near future. In other words, a broad-based bond purchase programme, or QE will not be in the cards in any case for quite a while.

Steeper curve, narrower spreads, weaker euro

The ECB’s message was good news for risk appetite, bad news for longer core bonds and the euro, at least initially. As the ECB made it rather clear that its benchmark rates had hit bottom, but that they will stay there for a long time, the very short end of the money market curve will stay at depressed levels, but does not really have room to fall further.

On the bond markets, the curve steepened, as longer yields increased on the back of higher inflation expectations, increased hopes that the ECB’s measures would help to kick-start growth and the fact that an easing package was already largely priced in. We see more potential for the curve to steepen and long yields to increase in the near future.

Spanish and Italian Spanish bonds rallied, while intra-Euro-zone spreads narrowed throughout the line. Despite the large moves, spreads continue to have more narrowing potential. After all, the ECB just confirmed that rates will stay at rock-bottom levels for a long time, strengthening the need to find carry.

Regarding FX, Draghi delivered a lot, but what concerns the EUR – deposit rate cut was only symbolic. However, this is the bottom in the deposit rate, and the 10bp negative rate is no game changer. The EURUSD, after taking some stops down here, should find support at around 1.35, and rush back up soon.

GVI Forex Blog 18:48 GMT June 5, 2014
May U.S. Jobs Due. ECB Eases Policy as Expected. BOE Steady.
Reply   
HIGH IMPACT NEWS ITEMS: DE- Industrial Output, Trade. CH- CPI, GB- Trade, EZ- PPI. CA- Employment. US- Employment The ECB delivered all that was expected. It cut interest rates with the bank deposit rate at the ECB going negative (0-10%). implemented a Targeted Long-Term Repo Operation (TLTRO), and indicated that the bank was prepared to do Quantitative Ease (QE) if required. The EURUSD fell on the news initially, but the currency pair rebounded as it appeared the market was set-up short for the news. We feel the decision will weigh on the EUR over time, but this market tends to move on its own time schedule.

May U.S. Jobs Due. ECB Eases Policy as Expected. BOE Steady.

bali sja 18:15 GMT June 5, 2014
Agree or Disagree? EURUSD

blah, why make it too hard, with no sweat we are now above 1.3650, above Qindex's 1.3646, just follow the crystal ball, cherioooss... i saw pale faces of usd :) bye now

Cape May JB 18:04 GMT June 5, 2014
Agree or Disagree? EURUSD

So now we wait for the second half of the picture, May NFP tomorrow. Street estimates run from +210K to 220K for the month. I feel the risk is on the upside for this number with many pieces of economic data recently coming in strong. I'm thinking +250K.

So if we get a piece of data that supports the view that the U.S. recovery is gaining steam, the USD should be supported with the ECB taking extreme measures to support its economy. Its hard to see how the EURUSD will not at a minimum slip down to the low 1.35's.

As for the risk, a mediocre jobs number is unlikely in my opinion see EURUSD settle at the end of the week above 1.3650.

GVI Forex 18:03 GMT June 5, 2014
Agree or Disagree? EURUSD

So now we wait for the second half of the picture, May NFP tomorrow. Street estimates run from +210K to 220K for the month. I feel the risk is on the upside for this number with many pieces of economic data recently coming in strong. I'm thinking +250K.

So if we get a piece of data that supports the view that the U.S. recovery is gaining steam, the USD should be supported with the ECB taking extreme measures to support its economy. Its hard to see how the EURUSD will not at a minimum slip down to the low 1.35's.

As for the risk, a mediocre jobs number is unlikely in my opinion see EURUSD settle at the end of the week above 1.3650.

Tallinn viies 18:00 GMT June 5, 2014
eurusd
Reply   
sold eurusd @1.3664. target 1.3488. stop at 1.3714

NY JM 17:20 GMT June 5, 2014
Agree or Disagree? EURUSD

Dollar is down across-the-board today as risk on (former stocks) and lower bond yields the main focus despite all the fuss about the confounding EUR.

Setting up for an interesting end to the week with NFP followed by a barren economic calendar the following week, This makes tomorrow's close very important.

GVI Forex Jay Meisler 16:19 GMT June 5, 2014
Agree or Disagree? EURUSD

John, surprised or not really surprised as the EURUSD has been confounding forecasts since 2013. With that said it is frustrating as we need a good trend to trade rather than more chop.

Yet it is hard to believe it is up on the day (1.3631) but would need to close above 1.3640 for an outside day key reversal day.

NFP tomorrow and it comes down to where stops are lying as buy stops are closer than sell stops. I guess we watch the 200 day mva as that remains a key indicator.

As I have said many times, I much prefer to trade in anticipation of events than on the event itself. Today is a day that tells you why.

dc CB 16:15 GMT June 5, 2014
New Record on S and P

today's POMO done at 1500GMT. pretty much started the Para Ramp

$2.513bln

GVI Forex Jay Meisler 16:12 GMT June 5, 2014
Agree or Disagree? EURUSD

As someone just emailed me,

They’re all funding currencies in the race to the bottom

GVI Forex Jay Meisler 16:12 GMT June 5, 2014
Agree or Disagree? EURUSD

As someone just emailed me,

They’re all funding currencies in the race to the bottom

GVI Forex john 16:01 GMT June 5, 2014
Agree or Disagree? EURUSD

Its hard for me to believe that EURUSD is now back at 1.3616 after what appears to have been serious actions by the ECB today, When a central bank puts on a severe credit squeeze, the reaction in the past has been violent and immediate.

This time the ECB is easing policy in a world where policy elsewhere is easy. Thus Draghi's actions are not having an immediate and irreversible impact. Its like pushing on an open door, not like standing in front of a freight train. It might take a while for the impact of these new policies to seep into the markets.

One key dimension of desired effects presumably was a weaker EUR. That would have to happen via carry trades. Is there any reason why hedge funds will be rushing to borrow EUR to buy something? Liquidity is cheap and ample elsewhere.

GVI Forex john 15:49 GMT June 5, 2014
Risk On/Off Heat Map


  • Yields in European prime fixed income markets have turned mostly lower following the announcement of ECB ease earlier today Yields on bonds on the periphery of the Eurozone are sharply lower as the ECB targeted those economies. U.S. Treasury yields are lower.
  • Equities closed mixed in the Far East earlier.  European bourses are mixed. U.S. equities are mostly higher at midday.
  • The U.S.10-yr is 2.58%, -3bp.

    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 15:43 GMT June 5, 2014
Day's Trades

AUDNZD
Suggest Long

1.1042 1.0979
to
1.1070 1.0950

Paris ib 15:28 GMT June 5, 2014
New Record on S and P
Reply   
Are we going straight to 1950 ?

SaaR KaL 15:20 GMT June 5, 2014
Day's Trades

I suggest You short NZDUSD
0.8454 0.8394
to
0.8487 0.8373

AUDUSD Shorts
0.9310 0.9247
to
0.9347 0.9226


Agree about cable
I am Out of my long
Relong

1.6814 1.6712
to

1.6877 1.6679

kl shawn 15:20 GMT June 5, 2014
EURO

i agree with usd sellers side! big V reversal today IMO, 1.36 should hold into the close, 1.36-1.3650 range pre-NFP, i will even scalp near 1.36 long for 1.3630-40

GVI Forex Blog 15:19 GMT June 5, 2014
Global Markets News
Reply   
As expected, the ECB cut all three key rates, most notably putting the deposit facility in negative territory for the first time ever. The central bank also announced a combination of measures ensure funding finds its way to the real economy: it extended the fixed rate, full allotment MROs by 18 months to the end of 2016, suspended SMP sterilization (which was failing anyhow) and teed up two more LTROs. In addition, the ECB reiterated

TradeTheNews.com US Market Update: ECB Makes Its Move

london red 15:16 GMT June 5, 2014
EURO

market is now paralysed into nfp. normally close to a 13650/13585 range could be expected before the nfp but due to the amount of pain for shorts today, probably half that.

GVI Forex Jay Meisler 15:15 GMT June 5, 2014
Agree or Disagree? EURUSD

To sum up it seems we have buyers at 1.3550-80 and sellers at 1.3620-50.

jkt abel 15:14 GMT June 5, 2014
Agree or Disagree? EURUSD

bali sja, forget it, the way it is shaping up, i think low for the month is already set up, today will close above 1.36 again, easy game, time to go to sleep

bali sja 15:11 GMT June 5, 2014
Agree or Disagree? EURUSD

market is always a competition, otherwise how can you make money from each other?

anyway, my take for the rest of today and until NFP is that if 1.3550-1.3580 seen, just buy with closed eyes

Hong Kong Qindex 15:08 GMT June 5, 2014
EUR/USD : Critical Point 1.3646

Buy EURUSD
Entry: Target: Stop: s are locate




EUR/USD Long Term Analysis


As shown in my long term projected series the market is consolidating within a supporting range aof 1.3426 // 1.3500 and a resistant range at 1.3646 // 1.4189. Critical points are positioning at 1.3749 - 1.3826 - 1.3991.


Qindex.com

Quantum Index Analysis

GVI Forex Jay Meisler 15:06 GMT June 5, 2014
Agree or Disagree? EURUSD

This is why we started this thread as diffing opinions is what makes a market. You and others have a free hand to express them here. This is not a competition, we hope both sides can make money.

PAR 15:06 GMT June 5, 2014
Draghi
Reply   
Euthanasia of the rentier

Paris ib 15:04 GMT June 5, 2014
EURO

sja... personally I think NFP - like GDP - is a bit of a joke. I'm not altogether sure that this next figure is being talked about or anticipated enough to cause a major reaction. It would have to be an outlier of the grandest kind to do that. We'll see. :-)

Sciacca FD 15:03 GMT June 5, 2014
EURO

ECB hands are tied in my opinion. Big problem is imbalances in eurozone. High Euro is good for some Low is good for others. No way out, no new ideas,no old my ideas . Draghi and co only on hopium. Must admit he's doing an excellent job with his hands tied. At the moment all he can do is to keep it going. Their priority at ECB is just to have a euro,so it's going to be a buy on dips for forseable future.

bali sja 15:02 GMT June 5, 2014
EURO

ib, nfp will pour ice cold water on some of usd heads

bali sja 15:01 GMT June 5, 2014
EUR/USD : Critical Point 1.3646

lol, this is a repeat of the past, thanks Qindex, you came in at the right time again

me, ib and Qindex versus the rest of GVI? we knew the results before ;)

ok still seeing 1.35-1.40 range, some got caught pants down below 1.3550 today, dont think we will see it again too soon

Paris ib 14:59 GMT June 5, 2014
EURO

Jay do you think NFP has enough punch to get things going?

Paris ib 14:59 GMT June 5, 2014
EURO

Jay I would go for 1.35 - 1.40. I'm not sure what we need to break out of that range. But whatever it is it's not here right now.

GVI Forex Jay Meisler 14:57 GMT June 5, 2014
EURO

ib, what we can assume is the top is in at 1.40. Now we have to find the bottom of the range. Central Bankers tend to think in 10 big figure ranges so 1.30-1.40. If a 5 big figure range then either 1.35-1.40 or 1.33-1.38 or 1.32-1.37.

If EUR becomes a favored funding currency then it can go lower.

Hong Kong Qindex 14:56 GMT June 5, 2014
EUR/USD : Critical Point 1.3646
Reply   
Buy EURUSD
Entry: Target: Stop:




EUR/USD : Critical Point 1.3646


The odds are in favor of maintaining a long position when the market is able to close above the critical point at 1.3646. The next upside targeting range is 1.3749 - 1.3866.


Qindex.com

EUR/USD : Monthly Cycle Charts

bali sja 14:54 GMT June 5, 2014
EURO

right, we have a market, as usual looks like the GVI pros are all buying usd again, i love it

Paris ib 14:54 GMT June 5, 2014
EURO

No Jay the ECB does not want a stronger Euro. But Draghi got a weaker Euro last meeting. This meeting there wasn't enough new stuff to keep the trend going IMVHO. And yes it's short covering, so we may not get fireworks but I don't see how it can go much lower. Draghi began this mini-trend down last meeting at 1.40.... and there is not enough out there in terms of new news to keep it going. He didn't deliver. If they really want a lid on the Euro then they will have to follow the Swiss and announce a cap.

GVI Forex Blog 14:54 GMT June 5, 2014 Reply   
June 5, 2014 (global-view.com) UPCOMING DATA HIGHLIGHTS for Friday, June 6. Updated: Trading News Events Calendar HIGH IMPACT NEWS RELEASES: DE- Industrial Output, Trade. CH- CPI, GB- Trade, EZ- PPI. CA- Employment. US- Employment

GVI Forex Data Outlook for May 6, 2014

GVI Forex john 14:51 GMT June 5, 2014
Calendar -- Daily Forex Data
Reply   


June 5, 2014 (global-view.com) UPCOMING DATA HIGHLIGHTS for Friday, June 6. Updated: Trading News Events Calendar

HIGH IMPACT NEWS RELEASES: DE- Industrial Output, Trade. CH- CPI, GB- Trade, EZ- PPI. CA- Employment. US- Employment

  • Far East: JP- Lead Indicators.
  • Europe: DE- industrial Output, Trade. CH- CPI, GB- Trade, EZ- PPI.
  • North America: CA- Employment. US- Employment, COT Report.


london red 14:51 GMT June 5, 2014
Day's Trades

cable high today is trendline of broken uptrend. It will struggle to go higher than that today even on higher euro since eurgbp covering will hamper cable upside.

GVI Forex Jay Meisler 14:49 GMT June 5, 2014
EURO

Bazooka = QE = still a last resort

I don't see it EUR positive other than the market is short.

Would have preferred a buy the rumor sell the fact reaction and then a push to new lows.

Otherwise we are back in the 2 week range where 1.3650 has capped it over the past week.

ECB does not want a stronger EUR

SaaR KaL 14:47 GMT June 5, 2014
Day's Trades

cable Bull is also temp
will short above 1.6886 in general
tgt 1.6533 over 2 weeks

Paris ib 14:45 GMT June 5, 2014
EURO

Jay I agree that there were no surprises. But there was no bazooka either and what he announced was well and good but certainly not the big deal some had come to expect. And, what's more, it really looks like the ECB is out of bullets. All up Euro positive rather than Euro negative.

dc CB 14:45 GMT June 5, 2014
EURO



Bilateral exchange rates are assumed to remain unchanged over the projection horizon at the average levels prevailing in the two-week period ending on the cut-off date of 14 May 2014. This implies an exchange rate of USD 1.38 per euro between 2014 and 2016, which is 4.2% higher than in 2013. Over the projection horizon, the effective exchange rate of the euro is assumed to be 2.7% stronger than in 2013.

The ECB June Forecast (ZH)

London Chris 14:43 GMT June 5, 2014
EURO

Bali let's agree to disagree. eur$ is going to 1.33 and it is a matter of when and what path it takes.

SaaR KaL 14:42 GMT June 5, 2014
Day's Trades

IMO
This EURUSD Bullishness
is Temp
over the week will still short it near
1.3740

SaaR KaL 14:40 GMT June 5, 2014
Day's Trades

will still long eurusd
below 1.3616
Proboably till 1.3530 if seen

USDJPY
Day's Range
103.0046 102.3451
and Bullish IMO

bali sja 14:38 GMT June 5, 2014
EURO

London Chris, stop making yourself look amateurish.

GVI Forex Jay Meisler 14:37 GMT June 5, 2014
EURO

ib, I disagree. There were no surprises from Draghi.

london red 14:35 GMT June 5, 2014
EURO

forced to cover here (13) due to possie being 30 odd off high. bad timing. will sell again 30-40 stop again above 200 day

Paris ib 14:34 GMT June 5, 2014
EURO

Chris I don't think so. The market was geared up for something a bit bigger from Draghi. So that could be the bottom for now anyhow. The ECB is out of bullets. From now either they take a cue from the Swiss or they let it go.

GVI Forex john 14:34 GMT June 5, 2014
US EIA Weekly Natural Gas Inventory Change (bcf)
Reply   



ALERT
+119 vs. +105 exp vs. +106 prev.

EIA Press Release




TTN: Live News Special Offer

London Chris 14:31 GMT June 5, 2014
EURO

and 1,36-1.37 the sell zone?

bali sja 14:29 GMT June 5, 2014
EURO

yawn, 1.35-1.36 buy zone

london red 14:29 GMT June 5, 2014
EURO

below 10 day(15) and 09 takes off pressure to upside

london red 14:27 GMT June 5, 2014
EURO

that should be the high in. 200 day tested, beat marginally but back under

GVI Forex Jay Meisler 14:26 GMT June 5, 2014
EURO

We show the 200 day mva at 1.3653, high so far

jkt abel 14:25 GMT June 5, 2014
EURO

lol, this is rather easy today!! out all at 1.3630, reload later

london red 14:22 GMT June 5, 2014
EURO

sold 20 stop above 200 day (48 currently)

london red 14:16 GMT June 5, 2014
yen
Reply   
102.39. for me should hold into nfp. below there i see a fair bit of downside and all dollar pair will see dollar element suffer in that event.

london red 14:13 GMT June 5, 2014
EURO

looking for sell at 99-09 now. not prepared to chase a figure off lows but prepared to sell that if seen.

GVI Forex john 14:04 GMT June 5, 2014
May 2014 Canada Ivey PMI (s.a.)

Canadian PMIs (Ivey and RBC-Markit). Ivey PMI much weaker than expected in May.



london red 14:03 GMT June 5, 2014
EURO

covered 74 will sell again as high as i can poss 86 with stop as prev.

london red 14:02 GMT June 5, 2014
EURO

below 73 will see upside risk subside, below 50/55 pressure back on downside.

GVI Forex john 14:01 GMT June 5, 2014
May 2014 Canada Ivey PMI (s.a.)

major miss in Ivey PMI, but this series is volatile

jkt abel 13:59 GMT June 5, 2014
EURO

nice took +30 pips profit, stop at BE now

London Chris 13:56 GMT June 5, 2014
EURO

And the bulls come out of the closet. Bearish unless back above 1.36 imvho

london red 13:56 GMT June 5, 2014
EURO

sold here (95) stop above 10 day. will try another at 200 day if beaten. huge tail on daily candle and lower daily bolli turned up today, so not without risk.

jkt abel 13:52 GMT June 5, 2014
EURO

agree red, need to fade this usd move today, tomorrow's NFP will be interesting again

SaaR KaL 13:51 GMT June 5, 2014
EURO

EURAUD
Buy for 1.4730

jkt abel 13:50 GMT June 5, 2014
buy euro
Reply   
bought 1.3567, stop below 1.3530, target open, low in place todat IMO

london red 13:49 GMT June 5, 2014
EURO

if we dont see a pullback here (70) to 50/55 then imo its highly likely we will test 86-99

Paris ib 13:39 GMT June 5, 2014
Now NFP
Reply   
Now we get Non Farm Payrolls. With these two big events out of the way we may just get some direction.

Draghi IMVHO was less than impressive. To his credit he got the Euro down from nearly 1.40 to 1.35 - I'm not sure this was worth the wait.

HK [email protected] 13:35 GMT June 5, 2014
EURO



Karl and Frederick unluckily didn't know about FED style of Self Levitation Economy.

GVI Forex Jay Meisler 13:33 GMT June 5, 2014
Agree or Disagree? EURUSD

Fibo fans, using 1.3650-1.3503

1.3559 = 38.2%
1.3577 = 50%
1.3594 = 61.8%

dc CB 13:29 GMT June 5, 2014
EURO

"It's completely wrong to suggest we want to expropriate savers" - Mario Draghi


You must, therefore, confess that by "individual" you mean no other person that the bourgeois, that middle-class owner of property. This person must, indeed, be swept out of the way and made impossible.

Karl Marx and Frederick Engels,
The Communist Manifesto

HK [email protected] 13:29 GMT June 5, 2014
Euro economy will no doubt improve.
Reply   


Investors will sell the ailing Euro and Buy US bonds.

Cheap Euro will attract American buyers(using the invested Euro money in bonds) for Euro products importation, which will improve the EZ economy.

This is a similar style to a person entering a basket and lift himself by pulling the handle.

It will work, at least for a while.

london red 13:24 GMT June 5, 2014
Agree or Disagree? EURUSD

daily 21.2

Tallinn viies 13:24 GMT June 5, 2014
eurusd
Reply   
sold euros at 1,3548
stop at 1,3598
target 1,3488

london red 13:22 GMT June 5, 2014
Agree or Disagree? EURUSD

8086 eurgbp. if fails to cap, will be a more meaningful bounce in order.

GVI Forex Jay Meisler 13:21 GMT June 5, 2014
Agree or Disagree? EURUSD

Red, which STD Bollinger band are your referring to?

We show them in our great (thanks to John)

FX CHart Points

london red 13:17 GMT June 5, 2014
Agree or Disagree? EURUSD

JM, as said before shorting euro no longer interests me below daily bolli, historically the odds are against you on a running basis. a contra trade at my support has it merits but to rejoin trend i would look to 86-99 a res to sell into but i see your 78.

PAR 13:12 GMT June 5, 2014
EURO
Reply   
If Draghi 's objective was to lower the value of the Euro it can hardly be called a success . Imho an operation , if you cannot convince , confuse .

GVI Forex john 13:10 GMT June 5, 2014
Central Bank Decisions

10-yr
DE 1.480% +5bp
US 2.610% +2bp
UK 2.70% +1bp

NY JM 13:09 GMT June 5, 2014
Agree or Disagree? EURUSD

red, are you sitting patiently looking for a sell level?

One characteristic of the fall from 1.3996 has been a lack of a meaningful retracement.

I show 1.3578 as a key day level.

HK [email protected] 13:04 GMT June 5, 2014
Someones must be printing lot of pape rgold for sale:)
Reply   
/

london red 13:02 GMT June 5, 2014
Agree or Disagree? EURUSD

agree john, 50/55 during this new hour needs to mark the high for the hour or we risk further profit taking. i think selling 86-99 will make sense if seen today/tomorrow.

PAR 12:58 GMT June 5, 2014
Draghi
Reply   
European interest rates are at the low and cannot go lower .
But we can take other actions

HK [email protected] 12:56 GMT June 5, 2014
Agree or Disagree? EURUSD



Euro money will flow into some speculative instruments, which will later on collapse, and EZ will enter a very bad recession.

GVI Forex Jay Meisler 12:55 GMT June 5, 2014
Agree or Disagree? EURUSD

EURUSD got a little support from

Draghi says interest rates have reached the lower bounds today, can't exclude technical adjustments

Watch 1,3550 as this replaces 1.3650 as a pivotal level.

GVI Forex Jay Meisler 12:51 GMT June 5, 2014
Day's Trades

EUR selling off against all currencies, makes for mixed USD day.

Cape May JB 12:51 GMT June 5, 2014
Agree or Disagree? EURUSD

Do yourself a favor. Don't step in front of this move. There is no telling how far the EUR will weaken. This is not a "normal" situation/

london red 12:49 GMT June 5, 2014
Day's Trades

euro now below daily bolli, there will be better levels to sell, possibly after nfp. if you must 33/35 for a run at 3490 possibly but its not something im doing.

Tallinn viies 12:47 GMT June 5, 2014
eurusd
Reply   
1,3477 next.
not sure if we take it out at next hour or during the day or could it be happening tommorow.

GVI Forex john 12:47 GMT June 5, 2014
Agree or Disagree? EURUSD

Bank sources telling us this program should be positive for peripheral Europe
EURUSD continues to fall, as intended

HK [email protected] 12:47 GMT June 5, 2014
Euro to 1.3340 nice support.
Reply   
/

GVI Forex john 12:39 GMT June 5, 2014
U.S. Weekly Jobless Claims

Weekly Jobless claims data continues at reduced levels.





Click on chart for ten-year history

London Chris 12:39 GMT June 5, 2014
Agree or Disagree? EURUSD

Al on any timeframe as far as I am concerned. Top is in for a very long time

london red 12:36 GMT June 5, 2014
Day's Trades

13476/90 support

GVI Forex john 12:33 GMT June 5, 2014
U.S. Weekly Jobless Claims
Reply   




NEWS ALERT
Initial Claims (000)
312K vs. 313K exp. vs. 304K (r. K) prev.
Continued Claims (mln)
2.603 vs. 2.625 exp. vs. 2.631 (r 2.623 ) prev.
Press Release



TTN: Live News Special Offer

SaaR KaL 12:32 GMT June 5, 2014
Day's Trades

I bought EURUSD
Not Expecting more then 1.3645 today / Next day

Dillon AL 12:31 GMT June 5, 2014
Agree or Disagree? EURUSD

Chris. To answer your question....It depends on your timeframe

london red 12:29 GMT June 5, 2014
Agree or Disagree? EURUSD

JM, we got the rates, plus the promise of further annoucements (which we are presuming is today) so we went a bit lower with no follow thru. now draghi.

London Chris 12:27 GMT June 5, 2014
Agree or Disagree? EURUSD

Are there any euro bulls left on the board?

NY JM 12:18 GMT June 5, 2014
Agree or Disagree? EURUSD

So ECB rate cut was more or less in line with expectations but EURUSD reacted lower. As with any news, reaction is what counts.

Now we wait for Draghi and key here is not only what other measures he presents but whether he indicates, as expected, that the ECB stands ready to act further if needed.

GVI Forex Jay Meisler 12:12 GMT June 5, 2014
Agree or Disagree? EURUSD

Red, agree on the 1.3585-00 area. Below it targets 1.3475. Above it and back to square one.

1.3550-60 and 1.3500 stand in its way.

london red 12:03 GMT June 5, 2014
Odds of an ECB Surprise

topside levels now 86 and 99, while below then under pressure. all depends on draghi, but above the latter and you have to see it higher.

london red 12:01 GMT June 5, 2014
Odds of an ECB Surprise

john, any decent broker will let you trade those prices, just need zero hesitation. besides today wasnt so bad, wasnt clean we got a lot of fluctuation even 30 secs after the release

GVI Forex 11:58 GMT June 5, 2014
June 2014 European Central Bank (ECB)

On the ECB website "The President of the ECB will comment on the considerations underlying these decisions at a press conference starting at 2.30 p.m. CET today.

Further monetary policy measures to enhance the functioning of the monetary policy transmission mechanism will be communicated in a press release to be published at 3.30 p.m. CET today."

GVI Forex Jay Meisler 11:56 GMT June 5, 2014
Agree or Disagree? EURUSD

Tests my target at 1.3559-62 as per my videos, low just below it so essentially holding initial test.

GVI Forex john 11:55 GMT June 5, 2014
Odds of an ECB Surprise

No you did not have to be a magician. ou had to be a high-Frequency trader. Those prices are not available for humans.

GVI Forex john 11:53 GMT June 5, 2014
June 2014 European Central Bank (ECB)
Reply   
Press Conference follows at 12:30 GMT. So far we have only seen a part of a larger package. I hope the ECB webcast is set up for record traffic.

Webcast of the press conference 5 June 2014

London Chris 11:52 GMT June 5, 2014
Odds of an ECB Surprise

You had to be a magician to catch the high. We all know there will be other measures. The market reacts nonetheless.

GVI Forex 11:48 GMT June 5, 2014
Odds of an ECB Surprise

ECB says it will announce further measures later - pressuring EUR lower

GVI Forex john 11:48 GMT June 5, 2014
June 2014 European Central Bank (ECB)

Mixed cuts. Wide EURUSD range but EURUSD lower last 1.3580.

GVI Forex john 11:46 GMT June 5, 2014
June 2014 European Central Bank (ECB)
Reply   




NEWS ALERT

Refi Rate cut to 0.15% from 0.25%
Marginal Lending Rate cut to 0.40% from 0.75%
Deposit Rate cut to -0.10% from 0.00%


Press Release: ECB Decision



TTN: Live News Special Offer


Direct links to primary data sources

london red 11:40 GMT June 5, 2014
Odds of an ECB Surprise

NY, most going for 15/10 and 10 plus other action as well such as smp drain end, loans for smes etc. think if its just rates market is disappointed.

GVI Forex 11:35 GMT June 5, 2014
Agree or Disagree? EURUSD

6/5/2014 7:25:02 AM
(EU) Preview: ECB Interest Rate Decision expected at 07:45 ET (11:45 GMT)
- Majority of analyst (over 95) expect ECB to cut key rates but there is a disagreement over the degree of the exact cut: (range seen between unchanged to -25bps)

Details: >
- Majority of analysts (57%) expect Main Refi Rate to cut by 15bps to 0.10%. The minority view (35%) see a 10bps cut. Super minority call for unchange rate or steeper 25bps cut
- Majority of analysts (64%) expect Deposit Facility Rate expected to be cut by 10bps to -0.10%. The minority view (24%) see a 15bps cut. Super minority call for unchanged
- Majority of analysts (33%) expect Marginal Lending Facility expected to be cut by 15bps to 0.60%.. The minority view (32% each) see either a 10 or 25bps cut
- June will bring an updated set of ECB staff projections and a better chance for further policy action if indicators signaled a change to the medium term outlook.

Analysis: >- Draghi stated in May that the Council was comfortable to act in June. .Reports circulated that Draghi was also posed to keep rate-cut option open even after a June move.
- ECB has been under market pressure to follow up all of its recent rhetoric with concrete moves as . Recent data has hardened the case for decisive measures. ECB is also expected to unveil a combination of measures aimed to strengthen the growth and inflation outlook ECB options other than conventional interest rates
1) Providing a long-term LTRO, but linking the use of LTRO to a 'funding for lending programme' aimed at supporting credit supply for SMEs
2) Suspending the sterilization of the Securities Market Program ( SMP) bond holdings, increasing EUR cash circulation accordingly (**Note: ECB has failed to fully sterialize this the past 8 weeks)
- The concern over deflation is that people and businesses tend to postpone purchases while hoping for further price declines in the future
3) Reducing reserve requirements and collateral conditions
4) Extending the fixed rate full allotment regime, under which banks can borrow as much as they like against eligible collateral, beyond its current July 2015 termination

date - Source TradeTheNews.com

GVI Forex Jay Meisler 11:02 GMT June 5, 2014
Agree or Disagree? EURUSD

For FIBO fans

1.3682 = 23.6% of 1.3996-1.3585
1.3742 = 61.8%

1.3562 = 61.8% of 1.3294-1.3996

GVI Forex john 11:00 GMT June 5, 2014
June 2014 Bank of England Policy Decision
Reply   





-- NEWS ALERT --

Policy Unchanged (repo rate 0.50%)
Asset Purchases unch @ GBP 375 bln v. GBP 375 bn


Bank of England




TTN: Live News Special Offer


Direct links to primary data sources

NY JM 10:57 GMT June 5, 2014
Odds of an ECB Surprise

Red, it is like splitting hairs over a few bps here or there.

No change in depo rate would be the shocker but probably means that there are other measures to be announced in the press conference.

What seems certain is Draghi will be dovish and hold out a risk of more action if needed although they are just words.

GVI Forex john 10:49 GMT June 5, 2014
Central Bank Decisions
Reply   

HEADS-UP: Data (forum top)
EURUSD= 1.3610
GBPUSD= 1.6760
USDJPY= 102.50

US 10-yr= 2.58%
DE 10-yr= 1.43%
GB 10-yr= 2.68%
(Manually refresh forum to update Calendar)

Direct links to primary data sources

london red 10:48 GMT June 5, 2014
Odds of an ECB Surprise

10bpd cut on refi and depo rate is in the price. if only refi cut then euro rallies thru 13670. if no cut at all then euro rallies to 13720/50 and back down as disappointed stock markets will drag the euro back down.
15 refi and 10 depo is likely to see market dip thru 13585 support but no follow thru until draghi talks. if he is open to more (this can then only be qe), then down to 13476/90 possible. if says too early have to wait then 13550/86 should form a low into nfp tomorrow.
so plenty of scenarios all depends on the outcome of the meet.

GVI Forex Jay Meisler 10:36 GMT June 5, 2014
Odds of an ECB Surprise
Reply   
As I noted in our June newsletter, the focus to start the month is on the ECB meeting and to what extent monetary easing is already discounted in the markets. As we all know, markets move on surprises so it is worth taking some time to see what would be considered a surprise from the ECB. The price action over the past two weeks, where EURUSD has traded within a 1.3584-1.3688, lately narrowing to 1.3584-1.3650, suggests a market that is bearish but wary of a buy the rumor, sell the fact reaction....

Odds of an ECB Surprise

GVI Forex john 10:30 GMT June 5, 2014
Agree or Disagree? EURUSD
Reply   
I heard someone say today that one goal of the ECB may be to make the currency a FUNDING currency for carry trades. Presumably negative interest rates could help. This would weaken the EUR.

Also head the head of IFO today presented the "German view". He said that exchange rates were not set properly initially and that as a result the cost of borrowing was too low and southern Europe overspent. In essence he said was what the the southern tier of the Eurozone needs to deflate and all the ECB is doing is extending the pain.

Its a long time ago, but I warned that this was a wrong-headed scheme at the time when it was launched. I stand by that opinion now. I don't know if this will ever be worked out by the normal market mechanisms.

GVI Forex Blog 10:08 GMT June 5, 2014
Global Markets News
Reply   
Currencies/Fixed Income: - ECB takes center stage with market expectations that Draghi must deliver on recent rhetoric. Participants are expecting cut in all three key rates as well as possible alternative measures (e.g. conditional LTRO to boost lending to SMEs and an end to SMP sterilization).

TradeTheNews.com EU Market Update: ECB policy announcement takes center stage

GVI Forex Jay Meisler 09:53 GMT June 5, 2014
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GVI Forex john 09:16 GMT June 5, 2014
Weekly Trading Planner
Reply   

THURSDAY 5 June 2014.
United Kingdom
Bank of England Decision- No policy change expected.
Eurozone
European central Bank Decision- Policy easing priced in.
United States
Jobless Claims- Focus on the 300K level.

GVI Forex Blog 09:11 GMT June 5, 2014
ECB Policy Easing Due. No Changes Seen from BOE
Reply   
HIGH IMPACT NEWS ITEMS:, BOE Decision, ECB Decision, US- Weekly Jobless, CA- Ivey PMI

The major focus today is the ECB meeting. Forward guidance from ECB confirms that some sort of easing by the central bank is in store, but some worry all that will be forthcoming from the central bank is a reduction in interest rates.

ECB Policy Easing Due. No Changes Seen from BOE

GVI Forex john 09:01 GMT June 5, 2014
April 2014 Eurozone Retail Sales
Reply   




ALERT
mm: +0.40% vs +0.00% exp. vs. +0.30% (r +0.10%) prev.
yy: +2.40% vs. +1.20% exp. vs. +0.90% (r +1.00% ) prev.


TTN: Live News Special Offer


Direct links to primary data sources

GVI Forex john 08:57 GMT June 5, 2014
Risk On/Off Heat Map
Reply   


  • Yields in European prime fixed income markets are slightly lower heading into the ECB policy decision today. higher.. Markets should be set up now for a modest  ECB policy ease Thursday. Yields on bonds on the periphery of the Eurozone are lower as well. U.S. Treasury yields are down.
  • Equities closed mixed in the Far East earlier.  European bourses are mixed. U.S. equity futures are about steady.
  • The U.S.10-yr is 2.59%, +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).

London 08:44 GMT June 5, 2014
Big News
Reply   
The main event of the week, the month, or maybe even the year: The ECB Council meeting. Today, at the press conference following the meeting, ECB President Mario Draghi will announce the Bank's new inflation forecasts, which are expected to be revised down, forcing the ECB to loosen policy further. Out of 58 respondents to a Bloomberg poll, all but 2 said the refinancing rate would be reduced, while 44 expect the ECB to cut its deposit rate as well, driving it into negative territory. However, if such a move is not accompanied by additional measures, I would not expect it to hurt the euro, as those widely-expected cuts are probably already discounted. In fact, market may partly erase the moves of the last four weeks. The speculation centers on what the Bank will do on top of reducing rates, which looks like a done deal.

Posted with permission of global-view.com

Autotrade forex signals

SaaR KaL 08:22 GMT June 5, 2014
Day's Trades

gold and silver
can not be buys folks

SaaR KaL 08:17 GMT June 5, 2014
Day's Trades

Much Rather
if you decrease the frequency to 6 or 8 hrs
rather then place stops

SaaR KaL 08:08 GMT June 5, 2014
Day's Trades

for eurusd CHris
you can use 70 pips lower then Day's Low
if it makes you more comfortable that way
...So is in the next 4 hrs
I have 20 pips then day's Low as a long order
want to place a stop
use 70 pips lower

SaaR KaL 08:05 GMT June 5, 2014
Day's Trades

Chris
Diversity over all them will help get the need for stops

Like EURUSD I got Expcted value 1.3610...for next week
it is 1.3634
Probably the Lowest can happen till then is 1.3554
Will very small orders
Like say you can place up to 60 orders with the next 8- 12 hrs
you will be managing them as if the they part of whole thing...not as a one pair
do so...on average .. you are like managing a small temporary fund...for the next 3-5 days
No Stops with my plan ...Sorry Chris

London Chris 07:49 GMT June 5, 2014
Day's Trades

Kal

What do you do when ranges are tight. Do you still place orders below/above days low/high?

Where do you place your stop?

SaaR KaL 07:44 GMT June 5, 2014
Day's Trades
Reply   
Trying a More Diverse way
Pair / Levels and Frequency
Will Do this;
Placing Day Orders (Small)
Above Day's High (Shorts)
and Below Day's Low for Longs
Frequency is 4 hrs


NAS100 Short
XAG/USD Short
NZD/USD Short
AUD/USD Short
XAU/USD Short
USD/CHF Short

EUR/USD Long
GBP/USD Long
EUR/JPY Long
USD/JPY Long
GBP/JPY Long
EUR/AUD Long
EUR/CAD Long
USD/CAD Long
GBP/AUD Long
GBP/CAD Long
GBP/NZD Long
AUD/NZD Long

GVI Forex Blog 07:08 GMT June 5, 2014 Reply   
(AU) AUSTRALIA APR TRADE BALANCE (A$): -122M V +510ME (1st deficit in 6 months) >- (CN) CHINA MAY HSBC SERVICES PMI: 50.7 V 51.4 PRIOR (4-month low); COMPOSITE PMI: 50.2 V 49.5 PRIOR - (KR) SOUTH KORE

TradeTheNews.com Asian Market Update: Australia trade posts unexpected deficit; Sprint on track for T-Mobile deal; All eyes on ECB decision - Source TradeTheNews.com

GVI Forex 06:19 GMT June 5, 2014
Agree or Disagree? EURUSD

The ECB policy announcement takes centre stage today. At last month’s post-decision press conference, ECB President Draghi suggested the Bank would be ‘comfortable’ with loosening policy at this month’s meeting, largely on the back of subdued inflation. Subsequent comments by Council members, as well as this week’s disappointing inflation and sluggish GDP figures, have further cemented expectations of easing. Our global team expect the main refinancing rate to be cut by15bps to 0.1%, as well as reductions to the marginal lending and deposit rates, which would see the latter falling into negative territory. The Council could announce a range of other measures, including further liquidity provisions such as a longer-dated long-term refinancing operation (LTRO) aimed at boosting bank lending. German factory orders and euro area retail sales for April will be released before the ECB announcement

Lloyds Bank Daily Economic Outlook

Caribbean! Rafe... 04:29 GMT June 5, 2014
GBP/JPY
Reply   
Trend on this pair is down LT...

GVI Forex Blog 03:31 GMT June 5, 2014 Reply   
All the markets are in a silent mode. The biggest trigger right now is the ECB policy decision

Morning Briefing : 05-Jun-2014 -0330 GMT

Minneapolis DRS2 03:01 GMT June 5, 2014
Agree or Disagree? EURUSD

On the daily charts, EUR/USD is on a downtrend...steep at first, but slowing down near 1.36xx. A small short from 1.3630 or so might make a decent profit, but beware of a short squeeze. The past 3 weeks or so of shorts could provide incredible fuel for a long.

Hong Kong AceTrader 02:26 GMT June 5, 2014
AceTrader Jun 5: Intra-Day Market Moving News & Views & data to be released today
Reply   

Intra-Day Market Moving News and Views
05 Jun 2014 01:31GMT

USD/JPY - 102.57
Statement quoted from BOJ's Sato:

Japan economy likely to resume moderate recovery trend from summer onward;
Expected gradual recovery in exports likely to heighten likelihood of economy moving in line with BOJ's scenario;
There is risk eurozone may suffers from prolonged period of disinflation mainly in peripheral nations;
Must be mindful of chance U.S. inflation may stay lower than desirable levels in longer-term perspective;
Japan's economy somewhat undershooting, prices overshooting, initial projections;
Underlying overshooting of inflation due in part to rises in energy costs, weak yen, capacity constraints;
QE's intended transmission channels, such as portfolio rebalancing n rises in inflation expectations, not appearing as much as expected so far;
Monetary policy policy must be guided flexibly with eye not just on economy n prices, but on risks including financial imbalances;
BoJ's price target by no means a rigid, superficial framework that simply aims to achieve 2% temporarily;
Must avoid any misunderstanding that BoJ is solely pursuing pickup in prices without due attention to economy;
Natural for nominal interest rates to face upward pressure when unconventional monetary policy begins to exert intended effects;
BoJ's price target is a flexible framework in which some degree of latitude. both upside n downside, is accommodated;
BoJ policy, including eventual exit fm QE, shouldn't be swayed by consideration to fiscal sustainability.


Data to be released on Thursday:

Australia trade balance, export and import, China HSBC Service PMI, France ILO unemployment rate, Germany industrial orders, U.K. Halifax house prices, euro zone retail sales, BoE rate decision, ECB's rate decision, U.S. jobless claims, Canada building permits, Ivey PMI.

Mtl JP 01:14 GMT June 5, 2014
Agree or Disagree? EURUSD

haha... wrong guess JM
wanna try again?
2 tries left

NY JM 01:12 GMT June 5, 2014
Agree or Disagree? EURUSD

JP where is your sell order - I call this a hope trade

Mtl JP 01:10 GMT June 5, 2014
Agree or Disagree? EURUSD

john 11:15 - lets just say that at 1.36 euro is proving itself hardy.
as usual. because every monkey and his uncle knows - i.e has priced in - a cut to the refi rate, a -tive deposit rate and some sort of a convoluted lending program to loosen up credit where (semi)govt geniuses judge it needed...

Noe it is up to Mario to DISAPPOINT. Preferably massively coz I have an order waiting.

Would you like to know what it is ?
Or prefer to guess at it ?

Sanibel Is. Fl Sir Ignore 00:29 GMT June 5, 2014
Free GTA Member Benefits

Hey Jay..I became a GTA member and it is some good stuff.
also checked your euro level video and good info also

maybe an up #nfp, with scandal adjusted, change the conversation mode..

no momo signal at the moment.

 




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Global-View.com also offers a forex blog, where articles of interest for currency trading are posted throughout the day. The forex blog articles come from outside sources, including forex brokers research as well as from the professionals at Global-View.com. This forex blog includes the Daily Forex View, Market Chatter and technical forex blog updates. In additional to its real time forex forum, there are also Member Forums available for more in depth forex trading discussions.

 

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