GVI Forex Jay Meisler 23:52 GMT June 10, 2014
Jay Meisler's Trading Tips
I believe that trading is common sense and this is the way I approach trading. As part of our advocacy effort, I have created a dynamic page of my forex trading tips that I have developed over the years. These are available to GTA members and I have highlighted one that fits the current market.
Jay Meisler's Trading Tips
GVI Forex john 22:35 GMT June 10, 2014
Weekly Trading Planner
Reply
WEDNESDAY 11 June 2014
- GB- Employment- measures
mfg activity
- US-- 10-yr Auction-
confidence measure
THURSDAY 12 June 2014
- AU- Employment- Key
growth measure
- US- Weekly
Jobs- Employment stat
- US- Retail Sales-
Consumer is king
FRIDAY 13 June 2014
- JP- BOJ - No rate
change
- US- PPI- Part
of the picture
- US- Univ of Mich Survey prelim- Key data
MONDAY 16 June 2014
- EZ- CPI- ECB
targets Inflation
- US- TIC Flows- Watched
closely by some
- US- Industrial Production- Key cyclical indicator
TUESDAY 17June 2014
- GB- CPI, RPIX etc.-
BOE targets inflation
- DE- ZEW Survey- key
sentiment index
- US- Housing Starts & Permits- Key housing Statistic
- US- CPI- Price metric
for Fed
GVI Forex john 22:33 GMT June 10, 2014
Calendar -- Daily Forex Data News
June 10, 2014 (global-view.com) UPCOMING DATA HIGHLIGHTS for Wednesday, June 10.
Updated: Trading News Events Calendar
HIGH IMPACT NEWS RELEASES: UK- Employment. US- 10-yr auction
- Far East: No Major Data.
- Europe: UK- Employment.
- North America: US- Weekly Mortgages, Weekly Crude, 10-yr auction.
Mtl JP 21:13 GMT June 10, 2014
Risk On/Off Heat Map
all Max's daughter has to do is stop gabbing and start trading. With an open book for everyone who chooses, to see. And remove all and any doubt.
HK RF@ 20:59 GMT June 10, 2014
NSA is a failure!!!
Reply
If they listen to every conversation, filtering every text and invading all computers. So how come they can't prevent those public shootings-killings?
I KNOW. The suppose to be mass murderers, convey their intentions using semaphore flag signals.
Is the NSA registering too those semaphore activities amongst dangerous Americans?
YESSS!!! A loophole was found!!!
dc CB 20:49 GMT June 10, 2014
Risk On/Off Heat Map
I'm 13 years Old and I think that I can trade Rings around you DipSheits.
Max's daughter.
dc CB 20:48 GMT June 10, 2014
Risk On/Off Heat Map
If the 10 and the 30 go off at "below" market expectations...AKA costs more for the Treas.
and then OMG it's worse than we could have ever preDICKted.
So all those who bought LOW gets to Sell High
The Many Doh's of Home Simpson
Ouch those 105+ WTIC...
GVI Forex john 20:44 GMT June 10, 2014
Risk On/Off Heat Map
Market chatter the Fed will speed up the taper and cut by $15 bln over the next three meetings.
Personally, I don't believe it.
Dillon AL 20:40 GMT June 10, 2014
Poloz to the Rescue ?
DC CB
April sales 22mio apparently it had something to do with many who bought on 4/20 and lit up at 420pm. May expected to be considerably lower
What I'm not sure about is how they are collating these numbers as it is still cash business.
starting to wonder if I'm in the wrong business
PS what you do in your own home stays at home behind closed curtains. Do not try to ship it nor use in public otherwise the FEDs will want to know
GVI Forex john 20:37 GMT June 10, 2014
Weekly US API Data
Reply
NEWS ALERT
(Estimates and Previous data for EIA Survey)
Crude Oil: +1.500 vs. -2.000 exp vs. -3.400 prev.
Gasoline: -0.440 vs. +0.500 exp vs. -0.210 prev.
Distillates: -0.300 vs. -1.000 exp vs. +2.000 prev.
Cap/Util: 87.8% vs. n/a exp vs. 90.80% prev.
TTN: Live News Special Offer
dc CB 20:26 GMT June 10, 2014
Poloz to the Rescue ?
hey Al
hope you are enjoying the relaxed rules out there in Colorado.
agree...it's just gonna keep goin' UP.
The GS predickshun of 1950 woz for 2015...
Meanwhile, young "people" are shootin' up anyone anywhere. Guess those "people" don' have any STOX.
It's happening FASTER than anyone could know. On both fronts.
Cheers
GVI Forex Blog 20:22 GMT June 10, 2014
AUD and NZD
Reply
US interest rates extended a two-week rise, supporting the US dollar. Nevertheless, AUD and NZD performed well, EUR the main loser. US data was minor (small business sentiment, wholesale trade, job vacancies) but did beat estimates. The S&P500 consolidated just below the record high, currently down 0.2%.
Australia & NZ Morning Thoughts
Dillon AL 20:18 GMT June 10, 2014
Poloz to the Rescue ?
S&P500 tgt remains 2135
The stock market bears need to ask
1. where is the down and out number
2. where would a retracement do damage to the current uptrend and suggest a top
3. in what timeframe
4. and just for fun...what constitutes an overbought market
dc CB 20:05 GMT June 10, 2014
Poloz to the Rescue ?
Dow Closes At NEW RECORD HIGH
bada bing
Max? Max? are you there?
dc CB 19:37 GMT June 10, 2014
Poloz to the Rescue ?
about 20 mins to NEW RECORD HIGHS
POMO POMO POMO POMO
SaaR KaL 19:29 GMT June 10, 2014
Into the week
EURUSD
1.3450 is a good buy next day
for possible 1.3700
IMO that 1.37 is a good short until 1.3350
and that 1.3350 is the point of no return for 1.43
Sounds about right?
SaaR KaL 19:22 GMT June 10, 2014
Into the week
Reply
IMO GBPUSD from 1.57ish
should take her to 1.5860 1.59ish on thursday sessions
But should end the week
1.6825 1.6667
i think
Mtl JP 19:12 GMT June 10, 2014
Poloz to the Rescue ?
Reply
Rising energy prices costing Canadians billions
..."A new report from Scotiabank says the average cost of energy prices and utilities has risen by about 5 per cent this year �eroding the purchasing power of Canadian households.�.../..
BoC's slogan: "We are Canada's central bank. We work to preserve the value of money by keeping inflation low and stable."
Caribbean! Rafe... 19:09 GMT June 10, 2014
Geo-political Observations.
Trading with anger oh! well... = anxiety...
I don't know what emotions are really when it comes to trading simply because I don't experience them...
Just keep cool and calm!!
When the whole world is yelling out the market is crashing the market is crashing. Your just supposed to keep cool and calm... Close the door have a glass of water and get back to trading.! =)
london red 18:57 GMT June 10, 2014
Geo-political Observations.
as for trading it took me 3 years trading before id learnt not to give a damn about money. thats when i started to make some. its just numbers on a screen, governed by peoples emotions as you say.
Mtl JP 18:56 GMT June 10, 2014
Geo-political Observations.
Rafe I used to date someone who was able to just as easily let out blast of laud laughter as let out a stream of tears. Both equally genially false.
I was a young and (relatively) more naive at that time. It took me a while of abuse and pain to appreciate her skill. Only then was I able to put an end to it. Without regret.
Caribbean! Rafe... 18:48 GMT June 10, 2014
Geo-political Observations.
JP// unhappy depends...
A) Is someone unhappy because they are experiencing a consequence in that case it is not an emotion. It would be a sentence.
OR
B) Are they unhappy because they cannot get what is not theirs and will never be theirs in which case they become angry... develop envy, avarice, etc...
In other words emotion is simply an expression of thought.
Caribbean! Rafe... 18:43 GMT June 10, 2014
Geo-political Observations.
Red// Not knocking military service. hell!! They wanted to draft me in the EU when I was a teen but I found a way to stay out of it!!! =)))
Anyhow's, all these qualities are instilled by proper upbringing too and also the inner urge of a person, now I was not in the army but I am never late nor am I undiscipled etc.
It's too cruel to be in the army and in some or many cases the result is PTSD, the effect in trading is that it prevents you from trading and sometimes a losing streak can set it off.
Army is good in many ways but then just depends on what one wants to do, it should be voluntary not compulsory, no offense mate but I have a lot of friends in the army too.
dc CB 18:42 GMT June 10, 2014
Geo-political Observations.
Why is this News to the Editorial Staff of the NYT?
Genealogy Shows Cardinal O�Connor�s Mother Was Jewish
Militants Seize Second-Biggest City in Iraq in Surprise Assault
�Friendly Fire� Strike Kills 5 U.S. Soldiers in Afghanistan
Clinton�s Book Signing Has Air of a Campaign Event
Why Uber Might Well Be Worth $18 Billion
Caribbean! Rafe... 18:33 GMT June 10, 2014
Geo-political Observations.
JP// No not that type. We are speaking about something way too complex.
You need to have that thing in you that guides you like for eg. a strong sixth sense and you need to master it and that is how you will know. In other words emotion...
=)
london red 18:27 GMT June 10, 2014
Geo-political Observations.
dont knock military service...it can instill discipline, time keeping, self dependance and attention to detail...all traits often missing from youth of today.
Caribbean! Rafe... 18:25 GMT June 10, 2014
Geo-political Observations.
CB// The FBI was doing this since 2001 to catch those that would prey on minors...
good night guys. have a good dinner!
Mtl JP 18:24 GMT June 10, 2014
Geo-political Observations.
Going against laws on Nature is not unique to Asia
-
here is a blast from the past:
Legendary Wall Streeter Bob Farrell Had A Quote That Described This Market Perfectly
U.S. stocks are at all-time highs.
But Jeff Saut � cited by Art Cashin, the veteran NYSE trader at UBS � calls this an "unloved rally."
To explain the dynamic, Saut draws on legendary Merrill Lynch strategist Bob Farrell, who said the following in 1989 (via Cashin).
It's all about how everyone is unhappy: economists, money managers, and technical analysts.
Money managers are unhappy because 70% of them are lagging the S&P 500 and see the end of another quarter approaching. Economists are unhappy because they do not know what to believe: this month�s forecast of a strong economy or last month�s forecast of a weak economy. Technicians are unhappy because the market refuses to correct and gets more and more extended. Foreigners are unhappy because due to their underinvested status in the U.S., they have missed the biggest double-play (a big currency move plus a big stock market move) in decades. The public is unhappy because they just plain missed out on the party after being scared into cash after the crash. It almost seems ungrateful for so many to be unhappy about a market that has done so well ... Unhappy people would prefer the market to correct to allow them to buy and feel happy, which is just the reason for a further rise. Frustrating the majority is the market�s primary goal.
What's it going to take, folks?
Caribbean! Rafe... 18:23 GMT June 10, 2014
Geo-political Observations.
Past my bedtime boys, I'm to ZzZz land. We may discuss these topics someday on PF.
dc CB 18:21 GMT June 10, 2014
Geo-political Observations.
forget the "Obama" Manchurian candidates.
forget HRC
Hello Bot(WO)MAN
Meet the Next El Presidente...to be introduced to the Voting Public early in 2015. Becuz in Amurica...13 is the mental age of the average "voter"
++++++++++++++++++++++++++++++++++++++++++++
A programme that convinced humans that it was a 13-year-old boy has become the first computer ever to pass the Turing Test. The test � which requires that computers are indistinguishable from humans � is considered a landmark in the development of artificial intelligence.
++++++++++++++++++++++++++++++++++++++++++++++++
Turing Test breakthrough as super-computer becomes first to convince us it's human
Caribbean! Rafe... 18:09 GMT June 10, 2014
Geo-political Observations.
And there we go JP... If this is true then military service means violence, violence means that they have to spend many years in the military, this time could be better spent to study or run a business or gain experience in a career they like or emigrate to other lands etc etc.
Caribbean! Rafe... 18:03 GMT June 10, 2014
Geo-political Observations.
JP// Consequences...
They are going against the laws of nature, and by this I do not mean this global and climate change thing.
I cannot explain it in a few worlds it's too too technical rather these are patterns I've observed.
Mtl JP 18:01 GMT June 10, 2014
Geo-political Observations.
society in decline:
United Arab Emirates announced that that it was introducing compulsory military service for its male citizens.
Mtl JP 17:48 GMT June 10, 2014
Geo-political Observations.
what problems are just starting up for the Asian side - that can be turned into posi-pips ? tia
Caribbean! Rafe... 17:36 GMT June 10, 2014
Geo-political Observations.
I just gotta love the US administration because they have now changed tactics, hence in about 5-10 years the USA will be one of the most responsible administrations in the world, admired by even the countries that are now their bitter enemies, those countries will soften up a lot and terrorism will stop by then.
Good things in store for the western world!!! But the problems are just starting up for the Asian side!
Caribbean! Rafe... 17:23 GMT June 10, 2014
Geo-political Observations.
If one was to compress the EURUSD dailies and trace out a pattern with a pencil and paper then it simply looks like a 60 minute chart like around times preceding geopolitical uncertainty...
This trend will end very quickly and jump upwards very quickly too.
Has anyone made any such observations?
I love to hear opinions of the more experienced folks here it's what drives me to do better!!!
gl gt
nw kw 17:17 GMT June 10, 2014
Calendar -- Daily Forex Data News
aud ? toppish or not AUD Westpac Consumer Confidence
long gold 1262 see what aud spikes to than long audgbp
GVI Forex Blog 17:17 GMT June 10, 2014
Reply
June 10, 2014 (global-view.com) UPCOMING DATA HIGHLIGHTS for Wednesday, June 10. Updated: Trading News Events Calendar
HIGH IMPACT NEWS RELEASES: UK- Employment. US- 10-yr auction
GVI Forex Data Outlook for May 11, 2014
dc CB 17:15 GMT June 10, 2014
Risk On/Off Heat Map
5,10,30y futures not happy. 10Y auction tommor ??? will "cost more"
ps can't post a chart...just a secondary source for me...but FYI
StockCharts
June 10th, 2014 - Data Feed Unvailable:
Update @1:00pm Eastern - In general, unfortunately, there is no additional information to pass along. The two circuits that drive our data feed are both down and the circuit providers are looking into why that happened. We do not know how long that investigation will take and thus, we don't know when things will be working again. We will update this page as soon as we hear something back from them. Currently, we do not expect things to be fixed quick
Q: I depend on StockCharts for everything! You need to compensate me for my lost trades!
A: Umm... no. Sorry. While we are very grateful for everyone's business and trust in our service, we are just a website and are not able to guarantee our availability. (We are not unique in that regard.) If you are an active trader, you should have several sources for market charts and data. We should only be one part of your trading "arsenal" in case situations like today happen.
GVI Forex john 17:13 GMT June 10, 2014
Calendar -- Daily Forex Data News
Reply
June 10, 2014 (global-view.com) UPCOMING DATA HIGHLIGHTS for Wednesday, June 10.
Updated: Trading News Events Calendar
HIGH IMPACT NEWS RELEASES: UK- Employment. US- 10-yr auction
- Far East: No Major Data.
- Europe: UK- Employment.
- North America: US- Weekly Mortgages, Weekly Crude, 10-yr auction.
Caribbean! Rafe... 16:58 GMT June 10, 2014
Geo-political Observations.
Reply
No chance of USD weakening this year boys...
Hurricane season is just around the corner... Oil will take a hit... And they need to import much more from other countries in order to recover from the economic and social damage that oil speculation causes and possibly even the physical damage of possibly 3-6 or so hurricanes this year, plus there is OPEC throttling oil supplies (to increase their profits) to other countries that usually replenish their oil wells this time of year etc...
The theme this year is to hold on to your shorts!
Uncle Sam has a wise ole' daddy that passed the Turing test many blue moons ago!
GVI Forex john 16:36 GMT June 10, 2014
Risk On/Off Heat Map
9-yr auction at the top of the hour. Most important as a measure of confidence in the markets. Unlikely to impact forex.
GVI Forex Jay Meisler 16:01 GMT June 10, 2014
Jay Meisler's Trading Tips
Reply
I believe that trading is common sense and this is the way I approach trading. As part of our advocacy effort, I have created a dynamic page of my forex trading tips that I have developed over the years. These are available to GTA members and I have highlighted one that fits the current market.
Jay Meisler's Trading Tips
GVI Forex john 15:50 GMT June 10, 2014
Risk On/Off Heat Map
- Markets continue to have a mild, but mixed risk on
posture into the European close..
- Yields in European fixed income
markets continue to converge with German yields up while
yields on the periphery have turned mixed in the wake of
the targeted ECB policy ease last week.
- U.K. yields are slightly higher along with The
U.S.. The U.S. 10-yr is 2.64%, +1bp.
- Equities closed mostly higher in the
Far East earlier, although the Nikkei fell. Bourses in Europe are
mostly higher. U.S. shares are modestly lower.
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).
GVI Forex Jay Meisler 15:45 GMT June 10, 2014
Agree or Disagree? EURUSD
The slower the move the less chance of a sharp retracement,.
Livingston nh 15:29 GMT June 10, 2014
Agree or Disagree? EURUSD
1.3550 is the wkly 55 ema and 1.3555 is the very long term DAILY 233 EMA -- so weekly avgs are now the place I look for any support (the dailies are all gone and declining) - the cluster of 89, 1444 and 233 wkly EMA are between 1.3410 and 1.3480
The old rule is you can always weaken your currency (yen being the exception, of course)
HK RF@ 15:28 GMT June 10, 2014
EUR
Reply
The only way Euro decline may be slowed, or even arrested for a while, is if Eur will close the day above 1.3588, mentioned by Amman.
Just an important support which is breached by now.
Seems that this may not happen today:(
london red 15:20 GMT June 10, 2014
eurusd
NY, size of barrier i have no idea, but it was defended last week when the hammer was down. these things do tend to get taken out dont they, unless at the point of a change in trend. i think we can expect a very heavy euro if we start approach the barrier with the defender lightening up on every bounce thus limiting the height of any rebound. until its done or expires.
NY JM 15:14 GMT June 10, 2014
eurusd
How large is the no touch. That is the one that will be defended
london red 15:10 GMT June 10, 2014
eurusd
NY, 1bn at the figure but there is that no touch there as well (put on well before ecb meet last week)
Sanibel Is. Fl Sir Ignore 14:58 GMT June 10, 2014
Agree or Disagree? EURUSD
trade 3540 L remainder stopped BE.
have a good day..
#4
NY JM 14:53 GMT June 10, 2014
eurusd
red, what do you hear for 1.3500?
GVI Forex Jay Meisler 14:52 GMT June 10, 2014
Agree or Disagree? EURUSD
Notice the power of the 50" level in setting the tone.
GBPUSD 16750 is in sight and thus pivotal for this pair.
GVI Forex john 14:50 GMT June 10, 2014
April 2014 U.S. Wholesale Inventories
Exactly. One reason why inventories MIGHT build is because they are not selling. Economists go back and forth on this every time GDP is released.
London Misha 14:09 GMT June 10, 2014
Observations
Reply
EURUSD - 2nd Black Crow & close below Long MA. Nearing NFP low, Double Top target & key 50% Fib support at 1.3489 on Daily Chart.
USDJPY - Indecisive Spinning Top on Daily Chart.
GBPUSD - Indecisive Doji on Daily Chart!
USDCHF - 2nd White Soldier on Daily Chart & closes right on Long MA, all on Daily Chart.
EURGBP - Opening Black Marubozo on Daily Chart. Today tests down to SP congestion & post ECB lows.
AUDUSD - 1st test of Oct13-to-date Downtrend on Daily Chart. 2nd test today!
USDINR - Bullish Hammer on Daily Chart. Today moves over Upper Tine of recent AP resistance.
USDZAR - Tweezer Bottom on Daily Chart & today moves over Medium MA!
USDBRL - 2nd Black Crow on Daily Chart as continues rejection of upper 'band' resistance 2.2898-2.3005. Nearing support 'band' 2.2027-2.1932.
nw kw 14:03 GMT June 10, 2014
Agree or Disagree? EURUSD
bund broke support 145.08/eur is finished/dax will thrust up at 10006.5
NY JM 13:59 GMT June 10, 2014
Agree or Disagree? EURUSD
Good alert on the options - note how it has settled around 1.3550
JPY and commodity currencies getting the flows, GBP lost steam.
London Chris 13:51 GMT June 10, 2014
Agree or Disagree? EURUSD
At least the ranges are getting a little wider
test may come after 1400gmt options expiration time.
Bali have you given up the bear USD?
Sanibel Is. Fl Sir Ignore 13:51 GMT June 10, 2014
Agree or Disagree? EURUSD
shamelessly taking some off at 50 for ten pips..stop still 40BE.
have to rig my new storm jib now for summer storms in Gulf o mex
GVI Forex Jay Meisler 12:25 GMT June 10, 2014
Agree or Disagree? EURUSD
FIBOS for the day range
1.3559 = 38.2%
1.3567 = 50%
1.3575 = 61.8%
Sanibel Is. Fl Sir Ignore 12:05 GMT June 10, 2014
Agree or Disagree? EURUSD
entered 3540 long.stop 30.for 3606/3620..
looking for a BE trade..
GVI Forex Jay Meisler 12:00 GMT June 10, 2014
Agree or Disagree EURJPY
Reply
138.74 = 200 day mva
A GVIForex member noted it has not closed below the 200 day mva since Nov 2012
syd sf 11:49 GMT June 10, 2014
eurusd
assuming we are talking about a simple 7 day option.
syd sf 11:48 GMT June 10, 2014
eurusd
well it has to do alot with time and delta.
on day 1 - you have 6 more days to buy and sell - so if you buy at 1.3535 you can wait for a rally to 1.3600 to sell
but on day 7 if you have a 1.3550 strike - then you need to buy 30-40 and sell 60-70 - as it is more likely to trade in a smaller day range.
the more people that have the strike the more people that buy and sell and it gets locked in a range till expiry time... until there is no more profit to make... with price converging around the option price.
DNT are alot more complicated because of option protection buying and selling - and the $$ amount involved.
Tallinn viies 11:42 GMT June 10, 2014
eurusd
Reply
Im not an expert on options but most simple rationale behind is delta hedging
NY JM 11:14 GMT June 10, 2014
eurusd
Tallinn (or others). Can you explain for some of the members why a currency gravitates to the strike price at options expiration.
GVI Forex john 11:14 GMT June 10, 2014
Chart Points -- Trading Points
Notice EURGBP bounced twice today off its .8061 second support level. Pivot point support/resistance levels do not always work but they can provide useful parameters for what is a reasonable magnitude for a move under current conditions.
Tallinn viies 11:12 GMT June 10, 2014
eurusd
Reply
1,3500 could be protected but by DTCC biggest strike expiring today is 1,3600. almost 1,9 billion will expire today. next strike by size is 1,3550 where expires 1,6 billion today.
at 1,3500 there is "only" 1,1 billion running off today.
if to look calls and puts separatelly then biggest Puts at 1,3550 worth 1,5 billion
most likely euro will trade close to 1,3550 or above at 10 am NYC time
Amman wfakhoury 11:11 GMT June 10, 2014
EURUSD in buy mood
Reply
London Chris 10:02 GMT 06/10/2014
Today movement 50-60 pips from 13580 area
13590 will be reached again
I am in buy since 13570
will add buy around area 13520 if reached
SaaR KaL 10:47 GMT June 10, 2014
Day's Trades
if you want a stop
for EURUSD Long
1.3480
is good
SaaR KaL 10:46 GMT June 10, 2014
Day's Trades
Yep
EURUSD Correcting north
TP from shorts
Most likely 1.3690 area in 2 days
Stockholm Max 10:03 GMT June 10, 2014
Bot Report
Agree on "sf" ... quite amazing!
Hope there is more to come.
London Chris 10:02 GMT June 10, 2014
Agree or Disagree? EURUSD
Amman are you still in buy mode on EURUSD?
Where is the stop?
Odds it tests 1.35 this week?
I remain bearish
SaaR KaL 09:41 GMT June 10, 2014
Day's Trades
EURCAD
SHorts
1.4792 1.4723
GVI Forex john 09:32 GMT June 10, 2014
Bot Report
sf- Thaks for your perspectives. Very useful.
syd sf 09:30 GMT June 10, 2014
Bot Report
prob. doesn't matter to too many here as seems alot of people have trades on already.
from my auto-trade perspective : gbpusd shorts stopped with no gain
eur/usd shorts have trailing s/l @68 .... t/p sits in the 10/35 band..... I don't determine these they update themselves as price moves.
BOL Today/Tonight.
GVI Forex john 09:23 GMT June 10, 2014
Agree or Disagree? EURGBP
Reply
Post solid UK production data, The EUR has slipped vs. the GBP. Note on the heat map table that a divergence is developing between US & UK vs. German 10-yr bund yields.
Logically, the DAX has been making new record highs on the back of the ECB policy ease and a weaker EUR. This is what the ECB intended. The EUR is also lower across the board on its major crosses.
Too often the forex market moves with an inexplicable lag.
SaaR KaL 09:08 GMT June 10, 2014
Day's Trades
Closed a few EURUSD Shorts
Will short more
1.3583 1.3529
in next 6 hrs
GVI Forex john 09:02 GMT June 10, 2014
Risk On/Off Heat Map
Reply
- Markets have a mild, but mixed risk on posture early in
Europe.
- Yields in European fixed income
markets continue to converge with German yields up slightly while
yields on the periphery continue to fall in the wake of
the targeted ECB policy ease last week.
- U.K. yields are slightly easier along with The
U.S.. The U.S. 10-yr is 2.62% -1bp.
- Equities closed mostly higher in the
Far East earlier. The Nikkei fell. Bourses in Europe are mixed. U.S.
equity futures are lower.
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).
GVI Forex john 08:39 GMT June 10, 2014
China CPI April 2014
EARLIER China CPI as expected. Food prices behind increase.
london red 08:26 GMT June 10, 2014
UK Data
fwiw some banks looking for +0.6 UK IP. eurgbp 8086 is key level, similar to 8160 earlier.
Amman wfakhoury 08:24 GMT June 10, 2014
EURUSD in buy mood
any decline will return to 13588
SaaR KaL 08:24 GMT June 10, 2014
Day's Trades
Shorts
EURJPY 138.7321 138.1853
and GBPJPY
171.90 171.52
for today
SaaR KaL 08:18 GMT June 10, 2014
Day's Trades
RF
I am Short EURUSD and Long USDCHF
Not Sure what everyone else thinks here
Maybe Jay Or John...More on top of what other traders think
GVI Forex 08:03 GMT June 10, 2014
UK Data
Reply
April UK industrial production and manufacturing data are due out later in the morning. Manufacturing output rose by 1.4% in Q1 - its strongest three-month increase since October 2010. The recovery was largely driven by an increase in domestic rather than overseas demand, with goods exports contracting by 1.3% q/q. Looking to April, the signals are mixed. The manufacturing PMI slipped back a little, albeit from a still elevated level, while the CBI orders balance was also somewhat weaker. While we are positive on the prospects for manufacturing, we doubt the Q1 pace can be sustained - specially given euro area conditions and sterling strength. Overall, we look for April manufacturing output to have risen by 0.2% m/m, with risks to the downside. Industrial production is forecast to have risen 0.3%, as mining output rebounds after an unusually weak March.
Lloyds Bank
HK RF@ 07:39 GMT June 10, 2014
Day's Trades
SaaR KaL
Amman says buy Euro.
I think Sell USD/CHF makes a better bet if USD will weaken.
SaaR KaL 07:14 GMT June 10, 2014
Day's Trades
Not sure which weakening
The Nominator or Denominator.
I am Bullish USDCHF from here though
range 0.91013 0.89195
for this month
0.9013 0.8979
for today
HK RF@ 07:01 GMT June 10, 2014
Day's Trades
It seems more reasonable to go short USD/CHF, if one believes dollar expected to weaken.
SaaR KaL 06:33 GMT June 10, 2014
Day's Trades
most likely level
for eurusd is 1.3530 for the low today
SaaR KaL 05:15 GMT June 10, 2014
Day's Trades
Reply
EURUSD
I do not think it will go up more 1.3615 today
I am Short and staying that way
Hong Kong AceTrader 02:14 GMT June 10, 2014
AceTrader Jun 10: Intra-Day Market Moving News & Views & data to be released today
Reply
Intra-Day Market Moving News and Views EUR/USD, USD/JPY
10 Jun 2014 01:48GMT
EUR/USD - 1.3592 ... Despite yesterday's brief bounce to 1.3669 at European opening, selling interest quickly emerged below last Friday's high at 1.3677 n euro ratcheted lower to as low as 1.3582 in New York morning b4 stabilising. Some offers are tipped at 1.3620 n 1.3640 whilst some bids are located at 1.3585-80 n more at 1.3570 with stops only seen below 1.3550.
There is no major economic data coming out from the eurozone.
10 Jun 2014 01:26GMT
USD/JPY - 102.38.. State from Japna's ECONMIN Amari says "wants to settle issue of corporate taxreform this week with LDP tax panel head"; "views are split on whether to clarify how much n when to cut corporate tax".
Last night statement from the Fed's Rosengren said: 'urges predictable, transparent reductions in portfolio in years ahead to avoid financial risks; floats "seamless continuation" of QE tapering to reduce balance sheet; Fed could specify percentage of portfolio that would run off, increase that depending on economy; history shows policy 'exits' can be unsettled; Fed should focus on financial stability; backs raising IOER, doing reverse repos when time comes to tighten policy; holding mbs could help fed contain any future housing market bubbles.'
Data to be release on Tuesday:
Japan Tertiary industry index, machine tools orders, China PPI, CPI, Australia NAB Business conditions, NAB Business Confidence, investing housing finance, housing finance, Switzerland unemployment rate, retail sales, industrial output, France industrial output, Italy industrial output, GDP, U.K. BRC retail sales, manufacturing output, industrial output, NIESR GDP estimate, U.S. Redbook, wholesale sales, wholesale inventories.
Mtl JP 01:27 GMT June 10, 2014
Global Markets News
from the would-be global do-gooders:
Calls for fairness, greater equality at international conference
MONTREAL � A fairer, more egalitarian world economic and financial system received much support Monday � at least rhetorically � at the launch of the 20th annual Conf�rence de Montr�al.
What�s more, Christine Lagarde, managing director of the International Monetary Fund (IMF) endorsed � cautiously and conditionally � the notion of a carbon tax or a cap and trade system.
Lagarde, who received an honorary degree from the Universit� de Montr�al, said at the International Economic Forum of the Americas that the very concept of growth must be redefined and reinvented.
�From China to the U.S., from Germany to Japan, the array of methods of the engines of growth are being re-examined and are changing the economic landscape,� she told a luncheon audience. ..../..
Brock Thor 01:08 GMT June 10, 2014
EUR/USD This is the top
GBPJPY
Entry: Target: Stop:
Order placed will long at 169.93 if it gets there.
Tp 179.90.
Price to test 50 mva let's see.
180 may be seen in weeks to come.
Brock Thor 00:08 GMT June 10, 2014
EUR/USD This is the top
Zeus
World famous 1.2777 coming Nice.
Reuters
- Heavy Eur selling against EM Europeon ccys...
- EurUsd support at 1.3570 with stops eyed below.
- Break below 1.3570 targets post ECB low at 1.3503
CB you go that Zeus print handy?
We are starting an affiliate program to market some of our products.