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Forex Forum Archive for 07/03/2014

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HK [email protected] 23:55 GMT July 3, 2014
eurusd



Chennai AMI

I think the next low price at around 0.9270.

And watch for a very possible outer bearish week to be established by the end of this week.

Montreal Hesham 23:16 GMT July 3, 2014
USD?CAD
Reply   
Buy USDCAD
Entry: 1.0639 Target: 1.08 and higher Stop: 1.05

I will add more on dips

Brock Thor 23:13 GMT July 3, 2014
GBP/JPY
Reply   
I'm + 54.4 on this pair.
Consolidates now weak movement.
175.395 must be some crazy fibo level.

Closing half.
In case it sinks. Got that feeling.

Zeus good to see you posting.
FM posted yesterday.
Good to see you guys.

syd sf 22:38 GMT July 3, 2014
Morning

also for gbp

gbpcad stops @78/79 which is about 25 points above here.

Mtl JP 22:36 GMT July 3, 2014
WHERE IS YELLEN??

CB 19:31 is janet being protected from the Taliban moving in the enclosure "How are we going to feel if somebody leases to the Taliban?"

syd sf 22:25 GMT July 3, 2014
Morning

also the dangerous thing with gbp is eur/gbp

everytime eur finds a bid at a level -- pushes gbp up further.

syd sf 22:22 GMT July 3, 2014
Morning
Reply   
I see some eurcad stops @94 and 04 above the market -- so would anticipate some up move shortly - which probably is a good sell @10-20 area

gbp I still have offers @60 for long positions

aud I have offers 60-65 to exit longs from the lows

as far as gbp goes it may overshoot 60 up to 70-75 in asia when eurusd spikes up to 20-25 area at some point.

whatever way you look at it - it is going to be a tricky day simply due to the fact Asia trades differently than other centers.

Chennai AMI 21:40 GMT July 3, 2014
eurusd

Hi RF,

Your view on aud/usd please.

HK [email protected] 21:35 GMT July 3, 2014
eurusd



Euro, should be watched for a possible weekly key reversal.

Tallinn viies 21:21 GMT July 3, 2014
eurusd
Reply   
for day ahead I would like to sell euro near 1,3625-30 and buy near 1,3515-20.
seems testing downside is name of the game. euro failed at 200 day moving average and 1,3500 must be tested again.

GVIForex Jay Meisler 20:21 GMT July 3, 2014
Who Wins? Race to the Bottom and Race to the Top
Reply   
For those who did not read our monthly newsletter, I suggest doing so as it was a good roadmap to the price action this week and going forwards.

Who Wins? Race to the Bottom and Race to the Top

dc CB 19:31 GMT July 3, 2014
WHERE IS YELLEN??

As neighbors tell it, earlier this year, the security detail protecting new Federal Reserve Chairwoman Janet Yellen barreled through the cul-de-sac where she lives in oversize vans loaded with guns, cameras and takeout pizza. It established an "armed camp" next door to Ms. Forman's townhome...

Security trucks, it continued, "weighing approximately 7,000 pounds each" sit idling on the street for "approximately 22 minutes daily" at each Yellen morning pickup. When Ms. Yellen leaves her home, a second truck then "speedily pulls out of the security driveway…all the while spilling fluid onto the street, which has now left a permanent stain." Hillandale bylaws expressly prohibit car fluid spills in the common areas.

Neighbors seem especially put off by the aesthetics of the security detail, in particular their blue uniforms and—in the words of one resident—"doughnut bellies."

"The government is paying $5,000 or $6,000 a month or more to rent a whole townhouse in Georgetown to put cops in," says international attorney William Shawn, who lives down the street from the newcomers.

Is this really necessary, he wonders, to protect an unarmed economist from Brooklyn?

Security Detail for Fed Chairwoman Irks Neighbors Residents in Gated Community Say Commotion Surrounding Yellen Is Disrupting Neighborhood

dc CB 19:27 GMT July 3, 2014
Fries with that?
Reply   
fwiw, nearby-Aug Live Cattle futures were Limit up again today at the close.

This is against the "expected" sell off due to the end of the July burger grilling push.

Cash trading is above futures

just Noise

Mtl JP 18:39 GMT July 3, 2014
Risk On/Off Heat Map

for the record :
US 10-yr intraday high was 2.685%
for a while it closed in UK' s 10-yr of 2.76%

Mtl JP 18:24 GMT July 3, 2014
June 2014 U.S. Employment

Zeus do you suppose "smart money" had an "in" on the NFP release on Monday already ?

Estimates ranged between 145K to 290K which would suggest there was no whisper , or if there was it was kept close to the chest. Normally I would expect to see some "smart" placing of orders maybe one hour, or less, ahead of the release. Something my pip chart did not seem to detect this time.

london red 18:12 GMT July 3, 2014
June 2014 U.S. Employment

move in yields has been well telegraphed on this forum since early part of this week and it was a good reason to get involved in long usd at the time, think players are past that and looking specifically at the rebound in the 10yr today.

USA ZEUS 18:07 GMT July 3, 2014
June 2014 U.S. Employment



Looking all the way back to Monday until now US 10 yr and "scaling back"...

Mtl JP 18:06 GMT July 3, 2014
June 2014 U.S. Employment



red check out this pic of the pound

what I find interesting is market's pickiness and the relative length of its attention span to data / events driving specific trend where reversion to the mean does not yet come on radar

USA ZEUS 17:59 GMT July 3, 2014
June 2014 U.S. Employment

Mtl JP 17:33 GMT 07/03/2014

The smart money is one-to-multiple step ahead. Big portfolios aren't shooting in at the minute of data then scaling back expectations....Look back as far as Monday or so until today for a better picture of short term positioning. What do you see then?

dc CB 17:53 GMT July 3, 2014
June 2014 U.S. Employment



no fear here again.
the Facebook Emotion boys will be out in force starting sometime Tues, prob after the 3Y auction tails.

the 10Y auction on wed will tell the story, the 30 on thurs too.

Repeat of the last week in June??, when as soon as the thurs auction was put too bed, stox, particularly the NDX never looked back. Futures @ 3800 to finish today at 3917. not bad for a weeks work.



Mtl JP 17:49 GMT July 3, 2014
June 2014 U.S. Employment



by contrast usdyen has yet to catch up

london red 17:42 GMT July 3, 2014
June 2014 U.S. Employment

was looking at the same chart JP, now turned focus to july 2nd high pre adp. looking at it over the two days, the rebound is less severe. just reading a note (CRT) re supply/maturities next week resulting in the need for only 5.5bn new cash needed for next week takeup, this relatively bullish outlook may be helping bonds as well.

Mtl JP 17:33 GMT July 3, 2014
June 2014 U.S. Employment



pic of how players have tamed their initial reaction to enthusiastic NFP number: they have pulled it back by 75% now

USD ZEUS 17:32 GMT July 3, 2014
June 2014 U.S. Employment

Last mo. it was a part-time and low wage surge as well. That isn't about to change until the current administration regime (Obama has the lowest ratings of any modern prez) changes. It's an artificial balancing act. Thanks to the Obamacare $ Trillion+ hoax(es)...

london red 17:09 GMT July 3, 2014
June 2014 U.S. Employment

*if we cant hold below

london red 17:07 GMT July 3, 2014
June 2014 U.S. Employment

dc i read about the part time, the wages, yesterdays pre-emptive yield move on the back of the adp, but we are where we and have to take it from here. im looking at the 38.2% from pre adp yest to todays low. if we can hold below that then its as we were, plenty of demand for 10 year. if we can stay below, it'll be something and a chance to break yield support.

GVI Forex john 17:05 GMT July 3, 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.

dc CB 16:42 GMT July 3, 2014
June 2014 U.S. Employment

Is this the reason for the blowout, on the surface, payroll number?

Something tells us that the fact that the BLS just reported June part-time jobs rose by just shy of 800,000 the biggest monthly jump since 1993, will hardly get much airplay today. Because remember: when it comes to jobs, it is only the quantity that matters, never the quality.

June Full-Time Jobs Plunge By Over Half A Million, Part-Time Jobs Surge By 800K, Most Since 1993

london red 16:20 GMT July 3, 2014
loonie
Reply   
reversal intraday with barrier at 1.06 in focus, you fancy that to be done, but 10580/5 level looks good for a long bet.

Livingston nh 16:07 GMT July 3, 2014
Risk On/Off Heat Map

JP -Yellen speech end of March (after Forward guidance bombed out) - "I estimate that the unemployment rate consistent with maximum sustainable employment is now between 5.2% and 5.6%, well below the 6.7% rate in February." (employment growth has been consistently missed by Fed)

Of course, NAIRU is a moving target for Yellen -- price stability is for True Believers a function of employment so we will see if reality starts to suggest a problem

Lahore FM 16:02 GMT July 3, 2014
" Trade Ideas "


Entry: Target: correction** Stop:

234 pips plus= 265 pips plus**

GVI Forex Blog 16:00 GMT July 3, 2014
Stronger than Expected Data Put Markets in Risk-on Posture
Reply   
HIGH IMPACT NEWS ITEMS: US- Holiday

The U.S. saw a much stronger than forecast 288K increase in non-farm payrolls. The data gave equities and the USD a lift as it raises again the specter of an earlier than expected hike in interest rates by the Fed.

Stronger than Expected Data Put Markets in Risk-on Posture

Lahore FM 15:59 GMT July 3, 2014
" Trade Ideas "

dc CB 19:46:25 GMT - 07/02/2014
nice to see you posting again

DC CB kind Sir,lovely to see your posts always.

Cheers !

Lahore FM 15:56 GMT July 3, 2014
" Trade Ideas "

Sell Crude
Entry: 104.43 Target: Stop: 104.43 for half

Lahore FM 17:31 GMT July 2, 2014
" Trade Ideas " : Reply
Sell Crude
Entry: 104.43 Target: 95 Stop: 106.60

sold crude now..can be a fairly good short.

let's see!
--
half short out now 103.74 sl to entry on rest of it.

Lahore FM 15:55 GMT July 3, 2014
" Trade Ideas "

Buy GBPAUD
Entry: 1.8066 Target: 1.95 for half Stop: 1.8066 for half

Lahore FM 16:31 GMT July 1, 2014
gpaud : Reply
Buy GBPAUD
Entry: 1.8066 Target: 1.95 Stop: 1.79

long on this.
--
half closed now 1.8331 for 234 pips plus

rest running with entry sl for the moment.

Mtl JP 15:41 GMT July 3, 2014
Au Gold Dust, Nuggets, Bars and Rough Uncut Diamonds are ava

Sallem would have been better to have asked g-v gatekeepers for permission to make that post first

Freetown 15:37 GMT July 3, 2014

Reply   
Sell ALERT
Entry: Target: Stop:

BLACK MINERS INCORPORATED.

“A Symbol of Africa”.

Au Gold Dust, Nuggets, Bars and Rough Uncut Diamonds are available for very good negotiation.

We are group of miners producing unrefined Gold in the form of dust, as well as raw uncut diamonds. We will like to use this medium to
inform you all, that we control the mines from which these precious commodities are gotten. We are based in Free Town, Sierra Leone.

We, The Group of local miners here in Sierra Leone, where we are presenting mining, like to indicate our interest in working with the like of Buyers, Investors, such as JV investors etc., We have been working and striving hard over the past years with our bare hands producing gold, diamond and other precious minerals and we deem it necessary to sell our products to genuine buyers and also solicit the interest of international investors, who we can work with continuously, in improving our mines and increasing our production capacity, In this vain, we have asked our representative to secure us the chance of meeting a very good and reliable buyer or investor, who will be willing to meet us and discuss possible opportunity of buying our products constantly and also help to improve our mines, as you know that Sierra Leone has a high quality gold of 22 and even 24 karats in quality. We look forward to enter into a long term business with buyers.
Mr. Sallem Mutari; Sales Director,
Email: [email protected] [email protected]
Skype: black.miners1
Mobile: + 23230660643
NOTE: ONLY SERIOUS BUYERS NEEDED!!!
IN ALLAH WE TRUST, THE REDEEMER.

Freetown 15:34 GMT July 3, 2014 Reply   
Sell ALERT
Entry: Target: Stop:

.

GVI Forex john 15:29 GMT July 3, 2014
Risk On/Off Heat Map


Markets are in a strong  risk-on posture following the stronger than expected June U.S. non-farm payroll report. The ECB policy decision made no waves.


  • Yields in prime Eurozone fixed income markets are ending the day  mixed. Yields on the European periphery are down. The German 10-yr bund is 1.30%, +1bp.
  • U.K. gilt  yields are up.  The 10-yr gilt is 2.76% +1bp. We see a +25bp BOE rate hike by yearend.
  • U.S.10-yr  yield  is 2.65%,  +2bp.
  • Equities closed mixed in the Far East. Bourses in Europe are higher. U.S. shares are solidly higher.

    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).


Mtl JP 15:05 GMT July 3, 2014
Risk On/Off Heat Map

with stocks rushing UP it is likely to be making corporate buybacks more expensive and if they keep it up should deplete their cash hoards faster

GVI Forex Blog 14:43 GMT July 3, 2014 Reply   
July 3, 2014 (global-view.com) UPCOMING DATA HIGHLIGHTS for Friday, July 4. Updated: Trading News Events Calendar HIGH IMPACT NEWS RELEASES: US- Holiday

GVI Forex Data Outlook for July 4, 2014

GVI Forex john 14:41 GMT July 3, 2014
Calendar -- Daily Forex Data News
Reply   


July 3, 2014 (global-view.com) UPCOMING DATA HIGHLIGHTS for Friday, July 4. Updated: Trading News Events Calendar

HIGH IMPACT NEWS RELEASES: US- Holiday

  • Far East: No Major Data.
  • Europe: DE- Factory Orders
  • North America: US- Holiday.


Mtl JP 14:41 GMT July 3, 2014
Risk On/Off Heat Map

nh what do you think of Janet's "I do not presently see a need for monetary policy to deviate from a primary focus on attaining price stability and maximum employment" , essentially telling the BIS to stick its edict where the sun does not shine ?

GVI Forex john 14:30 GMT July 3, 2014
US EIA Weekly Natural Gas Inventory Change (bcf)
Reply   



ALERT
+98 vs. +100 exp vs. +110 prev.

EIA Press Release

bali sja 14:28 GMT July 3, 2014
crystal ball
Reply   
well well, Dow finally hit our famous target 17k
pound is well above 1.70
cheers, enjoy the world cup

london red 14:27 GMT July 3, 2014
Risk On/Off Heat Map

10 year now well above neck of shs and 61.8 of pre data high in play. long tail on daily if held into close suggests at least half a point to a point higher on the tick. you can argue about slow wage growth and we hit some tech levels, otherwise report a good one.

GVI Forex john 14:27 GMT July 3, 2014
Hurricane Arthur
Reply   
Weather Channel and media up to their usual tricks trying to drum up hysteria for a rain storm.

SaaR KaL 14:23 GMT July 3, 2014
Gold and Silver

EURGBP
Traders (Long term) quietly
Buying for next year's TGT .88
In general Below .7850
it is a buy this week

Livingston nh 14:22 GMT July 3, 2014
Risk On/Off Heat Map

JP - I don't think a quick reversal because DJIA hit 17k -- valuation uncertainty could set in as market comes to terms w/ reality of higher rates -- Fed is always the last to know (see the DOTS)

Mtl JP 14:18 GMT July 3, 2014
Risk On/Off Heat Map

Gold back to 1321+ says odds are increasing 10-yr goes back 2.55 - 2.50 yield

Mtl JP 14:15 GMT July 3, 2014
Risk On/Off Heat Map

Livingston nh 13:34 - a finance professor at the University of California at Berkeley says...

GVI Forex john 14:06 GMT July 3, 2014
June 2014 U.S. ISM Services PMI

ISM Services PMI. Eases slightly Markit Service PMI the outlier?

Mtl JP 14:02 GMT July 3, 2014
June 2014 U.S. Markit final Services PMI

I do like the "A" for holiday..
04/07/14 0:00 A US Holiday
-
not sure how to trade it but as a matter of personal preference it is an "A"

GVI Forex john 14:01 GMT July 3, 2014
June 2014 U.S. ISM Services PMI
Reply   



ALERT
56.0 vs. 56.0 exp. vs. 56.3 prev.
Employment sub-component
54.4 vs. n/a exp. vs. 54.2 prev.


RELEASE: ISM Services PMI


TTN: Live News Special Offer

SaaR KaL 13:59 GMT July 3, 2014
Risk On/Off Heat Map

MT
I am short for 1200 in aug/2014

GVI Forex john 13:54 GMT July 3, 2014
June 2014 U.S. Markit final Services PMI

This was a revision of the flash report. Which number is an "A" or not often can relate to the actual data reported.

Mtl JP 13:53 GMT July 3, 2014
Risk On/Off Heat Map

with Gold pushing higher still (closing in on 1319) maybe 10-yr yield has got to come off some next ? (price of 10-yr UP)

Mtl JP 13:50 GMT July 3, 2014
June 2014 U.S. Markit final Services PMI

john on the gv calendar you had:
03/07/14 13:45 A US Markit SVC PMI final 61.2 61.2
does not deserve "A" .. closer to Z, Z-

lets write off the "A" to a typo, ok ?

GVI Forex john 13:46 GMT July 3, 2014
June 2014 U.S. Markit final Services PMI
Reply   



ALERT
61.0 vs. 61.2 exp. vs. 61.2 (flash)


Markit PMI Press Release


TTN: Live News Special Offer

Mtl JP 13:45 GMT July 3, 2014
Risk On/Off Heat Map

how do u read Gold , eh ?
earlier hit 1310, now back to 1317

and folks complain of lack of volatility

SaaR KaL 13:45 GMT July 3, 2014
Gold and Silver

One pair you can do for a year from around here
GBPCHF SHort
from 1.5370 to 1.5445
Sept TGT 1.49
Next year Same time 1.30
this guy is going bye bye

syd sf 13:41 GMT July 3, 2014
update
Reply   
seeing gbp offers 55-60 from dip buying @12

aud seeing take profit buying and longs put in here ahead of deeper stops 94/17 .. probably can bounce some while Gold doesn't slice back down thru 1310

london red 13:39 GMT July 3, 2014
Risk On/Off Heat Map

us pmis + options now last barriers to change of trend. if pmis good then bond yield show go through further key levels. otherwise a weak number as suggested below. early weekend and sideways. the only thing you can point to a iffy in nfp is wages growth. but as stated it takes time, if nfp keeps printing 200+ we should get wages up by september at latest.

Mtl JP 13:37 GMT July 3, 2014
buy euro

unless that 1.3580/70 zone breaks down ... there is a price gap around 1.3643-ish from the NFP moment.
fwiw

Livingston nh 13:34 GMT July 3, 2014
Risk On/Off Heat Map

JP - futures a bit restrained may hit 17k + on open but may be a fade the open for a quick reversal and then slow day -- FI yields may be lead sled dog over the summer

Mtl JP 13:29 GMT July 3, 2014
Risk On/Off Heat Map

john int rate higher and DJIA looking to rock UP ..
do u c 17K ?

PAR 13:26 GMT July 3, 2014
The Beach
Reply   
US big shot traders and hedge funds already leaving to the
beach to enjoy the long weekend . So I am also of to the beach . We will see on monday . Dow above 17000.

Happy , happy , happy

SaaR KaL 13:26 GMT July 3, 2014
Gold and Silver

1.3470 to 1.3400 eurusd entry
is great for tgt > 1.38+...Maybe 1.3940
I see eurusd at 1.42 Then it is done for the year
a drop till 1.31 possible 1.29

GVI Forex john 13:23 GMT July 3, 2014
Risk On/Off Heat Map

U.S. 10-yr 2.674% +4.5bp.

Mtl JP 13:22 GMT July 3, 2014
What Do you expect from the ECB today?

actually under $111

Mtl JP 13:21 GMT July 3, 2014
What Do you expect from the ECB today?

damn... that Brent price (<$112) is low

PAR 13:20 GMT July 3, 2014
buy euro

Impact from Draghi on exchange rates is counterproductive . Without Draghi s actions Euro would probably have been much lower .

SaaR KaL 13:20 GMT July 3, 2014
Gold and Silver

Cable time to short for a year +
Got to be around here
Expecting 1.55 in a year

london red 13:19 GMT July 3, 2014
NFP

Aussie 10 week 9335. Been a great trend provider over last few years. We are here now. Waiting.

GVI Forex john 13:16 GMT July 3, 2014
What Do you expect from the ECB today?

As expected, Draghi emphasizing rates will be low "for an extended period of time" He also stated that the ECB is looking at the exchange rate with "great attention".

USD ZEUS 13:16 GMT July 3, 2014
buy euro

Shop, pop, then drop....

NY JM 13:13 GMT July 3, 2014
eurusd

Agree with 1.3575 as key level (also around 61.8%). Look at eurgbp, this is where the flows are going more than vs the USD

jkt abel 13:11 GMT July 3, 2014
buy euro
Reply   
excellent, shopping time below 1.36

london red 13:08 GMT July 3, 2014
eurusd

Gbpeur 1.26

PAR 13:07 GMT July 3, 2014
Draghi

As expected Draghi turbo boosting Italian and European stock markets .

USD ZEUS 13:07 GMT July 3, 2014
EUR/USD

On a day without noisy double sided stop spikes, post multiple major data releases, foretells a one-sided market even though bottom pickers will try not to be wrong with fib(o) levels and all textbook rubbish about squiggly (and/or straight) lines drawn on a chart as if somehow that controls the decisions or sets rates.... GL with that. Cheers!

PAR 13:04 GMT July 3, 2014
Draghi
Reply   
Will not raise rates to prevent bubbles.

Instead will not allow banks to use ECB (taxpayers) money to loans for real estate or to buy government bonds .

For the rest they can do with the ECB (taxpayers) money whatever they want .

london red 13:03 GMT July 3, 2014
eurusd

50% of 135/137 make or break

GVIForex Jay Meisler 13:01 GMT July 3, 2014
eurusd

EURUSD at the 20 day mva = 1.3603 (as per my video). 1.3600 will set the tone while within 1.3550-1.3650.

Resistance now 1.3620-30-40.

Tallinn viies 12:57 GMT July 3, 2014
eurusd
Reply   
1,3574 last week low next important support. then 1,3500 after that.

GVI Forex john 12:51 GMT July 3, 2014
May 2014 U.S. (USD bn) and Canadian (CAD bn) Trade



U.S. Trade Deficit improves. Good for 2Q14 GDP.

PAR 12:49 GMT July 3, 2014
Draghi
Reply   
He sounds like he is standing on a public market selling cooking pots and frying pans at a discount .

If you cannot convince them , confuse them seems to be the new Draghi strategy .

GVI Forex john 12:48 GMT July 3, 2014
U.S. Weekly Jobless Claims

Weekly Jobless claims data continues at reduced levels.





Click on chart for ten-year history

Paris ib 12:47 GMT July 3, 2014
NFP

nh - Stocks have taken this in stride.

USD ZEUS 12:47 GMT July 3, 2014
EUR/USD
Reply   
EUR/USD to perhaps see a pullback then throttling below 1.36 as this will be a one-directional flow day, ending at or very near the low of the day.
Cheers!

SaaR KaL 12:47 GMT July 3, 2014
Gold and Silver

GBPJPY could slip into 172 easily

GVI Forex john 12:45 GMT July 3, 2014
June 2014 U.S. Employment

Monthly jobs U.S.


Employment data much better than forecast in line with ADP Report..






Click on chart for 15-yr history





Direct links to primary data sources

USD ZEUS 12:40 GMT July 3, 2014
NFP

Prescient.... Cheers!

SaaR KaL 12:38 GMT July 3, 2014
Gold and Silver

Buying AUDUSD today with dips
TGT 0.9530

Paris ib 12:37 GMT July 3, 2014
NFP

Lagarde has been going around talking about monetary policy RESET - meaning high rates worldwide or at least an end to extraordinarily low rates - todays number will give Yellen a lot more wriggle room in that regard. U.S. bond rates moving higher in anticipation. USD got a bid for now. Let's see how far this can go. Draghi up next.

GVI Forex john 12:36 GMT July 3, 2014
U.S. Weekly Jobless Claims
Reply   




NEWS ALERT
Initial Claims (000)
315K vs. 312K exp. vs. 312K (r.313 K) prev.
Continued Claims (mln)
2.579 vs. 2.560 exp. vs. 2.571 (r. 2.568) prev.
Press Release



TTN: Live News Special Offer

Livingston nh 12:33 GMT July 3, 2014
NFP

Treasury 2yr hits 52 wk hi (sept) -- see how stox treat this

eu pat 12:32 GMT July 3, 2014
What Do you expect from the ECB today?

I hope you are all in...

PAR 12:32 GMT July 3, 2014
June 2014 U.S. Employment

It is all NOISE .

GVI Forex john 12:32 GMT July 3, 2014
May 2014 U.S. (USD bn) and Canadian (CAD bn) Trade
Reply   



ALERT
-44.4 vs. -45.2 exp. vs. -47.3 (r -47.0)prev.
Canada Trade C$ bln
-0.150 vs. n/a exp. vs. -0.640 prev.

U.S. Balance on Goods and Services

Canadian Trade Balance


TTN: Live News Special Offer

GVI Forex john 12:30 GMT July 3, 2014
June 2014 U.S. Employment
Reply   



ALERT
NFP Jobs: +288 vs. +206K exp. vs. +217K (r 224) prev.
Rate: 6.10% vs. 6.30% exp. vs. 6.30% prev.


BLS: Employment Situation Summary


TTN: Live News Special Offer

london red 12:12 GMT July 3, 2014
NFP

yup need 250+ and wages beating. uk numbers today showing wage pressures finally but thats after 6 months of solid pmi. we shall see shortly.
if 210-230k then buy usdjpy dip to 60-70 for test of 102 as a lukewarm number probably suits jpy carry just right as stocks of course.

USA ZEUS 12:10 GMT July 3, 2014
NFP

prague mark 12:04 GMT 07/03/2014

Yes of course. Short now and at any level. Cheers!

Mtl JP 12:07 GMT July 3, 2014
NFP

I tend to think along red's 250K ( + ) needed to keep 10-yr yield UP , not to mention a lot of the components such as wages on the UP needed as well

prague mark 12:04 GMT July 3, 2014
NFP

USA ZEUS 11:54 GMT 07/03/2014

will you short gbp/usd at 1.7333 ?

USA ZEUS 11:54 GMT July 3, 2014
NFP

NFP to be better than anticipated by the market. June will show an aggressive hiring spree.

Cheers!

GVI Forex john 11:46 GMT July 3, 2014
July 2014 European Central Bank (ECB)
Reply   




NEWS ALERT

Refi Rate 0.15% unch
Marginal Lending Rate 0.65% unch
Deposit Rate -0.10% unch


Press Release: ECB Decision



TTN: Live News Special Offer


Direct links to primary data sources

Livingston nh 11:44 GMT July 3, 2014
NFP

jp yes

Mtl JP 11:43 GMT July 3, 2014
NFP

what was the previous NFP number ... 217K ?

PAR 11:39 GMT July 3, 2014
Gold and Silver

Gold is coming from $250 and silver is coming from $2,60.
Sooner or later those levels will be tested.

Livingston nh 11:33 GMT July 3, 2014
NFP
Reply   
June is usually disappointing re: expectations but seasonal adjustments and prior month revisions play havoc -- plug factor ~ 140 ?? // above 200k would put Q2 employment up 700k (HIGH), tough bar for the stats guys

NFP 192, unemployment 6.1%

SaaR KaL 11:31 GMT July 3, 2014
Gold and Silver
Reply   
Both crashing
gold we could see 1270
Silver could see 20.1 this week

GVI Forex Jay Meisler 11:28 GMT July 3, 2014
The Good, the Bad and the Ugly
Reply   
This is an important article to read before today's key events

The Good, the Bad and the Ugly

PAR 11:27 GMT July 3, 2014
France Sarkozy -Hollande
Reply   
Under Hollande ,France starts to look like the Soviet Union under its postwar dictatorship .

SaaR KaL 11:26 GMT July 3, 2014
USDJPY

USDJPY shorts from 102 to 102.24
tgt 101

London Misha 11:25 GMT July 3, 2014
Observations
Reply   
EURUSD - Move over Long MA fails with 1st close back below on Daily Chart & tests down to key Fib combo at 1.3644.
USDJPY - Confirms failure of breakdown thru key 50% Fib at 101.17. Closes on Long MA on Daily Chart. Today back up over!
GBPUSD - 5th White Soldier but runs into combined recent AP & SP Tine resistance mid 1.1790 area on Daily Chart.
USDCHF - Fails to breach combined support Medium MA, Lower Tine of SP & Fib area (0.8866-71) on Daily Chart & turns up!
EURGBP -2nd Black Crow as recent pattern increasingly like a Bear Flag on Daily Chart.
AUDUSD - Bearish Tweezer Top & Bearish Harami on Daily Chart!
USDINR - Target of Descending Triangle reached & closes below recent 50% Fib (59.72) on Daily Chart. No test yet of Fib combo support 59.43-37!
USDZAR - 3rd White Soldier up off recent AP Lower Tine support & possible Reverse H+S on Daily Chart. Looks to test Jun high.
USDBRL - Retests & rejects again Fib combo support 2.1978-2.2027 & closes over wider support band 2.2027-2.2200 on Daily Chart.



Mtl JP 11:08 GMT July 3, 2014
USDJPY

looks a good pick. did you pull up the sl ?

GVI Forex john 11:04 GMT July 3, 2014
EUR Heat Map
Reply   
Forex market from EUR Perspective Spot to 20-day averages have been turning mixed. Changes on the day are mostly GREEN, especially EURAUD. EURCAD has turned south.



PAR 11:04 GMT July 3, 2014
USDJPY

Last Friday. See GVI history .

Mtl JP 10:49 GMT July 3, 2014
USDJPY

PAR 07:41 when, initially, did you post the usdyen trade idea ?

PAR 10:40 GMT July 3, 2014
What Do you expect from the ECB today?

Draghi to give another EPO shot to Italian and European stockmarkets. Drug controls are only in the Tour De France not for stock markets .

Draghi and Yellen are drug dealers to the financial markets ,and markets need bigger and bigger doses, till as always an overdose kills the addict.

london red 10:34 GMT July 3, 2014
What Do you expect from the ECB today?

john, ive seen quite a few in the 235-250 range, some were that high pre adp other raised by 15-20k. bar is high today, we need 250k plus to avoid disappointment. fwiw adp normally misses nfp by 30-40k, but adp has been underperforming over last quarter or so, so in theory nfp does not need to change much from may ie c. 215k which would be seen as a miss. really depends on how you look at it but bar is high. either way volatility is creeping up which bodes well for scale of moves to come.

GVI Forex john 10:27 GMT July 3, 2014
What Do you expect from the ECB today?

I'm surprised that we are not seeing forecasts for NFP raised after the ADP Report. I am still hearing estimates for just above +200K.

My guess is forecasters have become gun-shy after overly- optimistic job increase estimates have been wrong in every instance since 2008. This can't go on forever?

london red 10:25 GMT July 3, 2014
What Do you expect from the ECB today?

stage is set today for a dollar rebound if nfp delivers. we have all the leaders off their highs for one reason or another (gbp cad aud), bond yields higher all week and importantly we have a trading today tomorrow, so any move today will be followed tomorrow in the holiday session tomorrow. shs on daily 10 year nearing completion for neckline test. but we need a good one today or all bets are going to be off and the dollar will need to wait until next week for its rebound.

eu pat 10:19 GMT July 3, 2014
What Do you expect from the ECB today?

Hi all,
My view is Draghi will send eur down ..
NFP -USD stronger
Trade balance should little slow USD sentiment after NFP

GBP/USD is set down too..

Good luck in this huge news mess time..

GVIForex Jay Meisler 10:17 GMT July 3, 2014
What Do you expect from the ECB today?

I cover it in my daily video update (as posted on GVIForex).As John suggested, feel free to share your thoughts during this pre-fireworks lull.



Daily Trading Outlook Video Update

Seat belts fastened for a double whammy

GVI Forex john 10:10 GMT July 3, 2014
What Do you expect from the ECB today?
Reply   
It might be helpful for this community to share our ideas.

It seems to me that expectations from Draghi are low today. I am fairly certain that any additional easing is off the table for now. There has not been enough time to assess the easing announced in June.

I heard one analyst say that he expected Draghi to reinforce his message that rates are going to remain low for an extended period of time. There is chatter that he is concerned that message has been lost.

One other message that has not been resonating in the markets is that the ECB would like like to see the EUR trade lower. I would not be surprised to see Draghi express that desire more explicitly.

Any other thoughts??

GVIForex Jay Meisler 10:02 GMT July 3, 2014
morning view

Thursday 3 July 2014
The June US labour market report is at the centre of a very busy day. Yesterday’s much stronger than expected ADP private payrolls outturn (280k) points to upside risks compared with our forecast of 215k for payrolls. However, it should be noted, that the average difference between payrolls and the ADP survey has been about 40k since early 2013 and as large as 100k. Moreover, after underpredicting payrolls for the last five months, an overestimate is probably due. Even 215k would represent the fifth successive 200k+ rise, the first time this has happened since 1999. Markets will also be interested in other parts of the report. In particular, the unemployment rate (we expect a fall to 6.2%) and whether there is any sign of average earnings growth accelerating. Other key data today include the ISM non-manufacturing and the US trade balance.

Lloyds Bank

GVI Forex Blog 09:44 GMT July 3, 2014
Global Markets News
Reply   
Major FX price action was muted ahead of the ECB rate decision and US payroll data. Dealers expected few surprises with the ECB firmly in wait and see mode but Draghi is likely to keep the door open for additional measures. EUR/USD steady at 1.3660

TradeTheNews.com EU Market Update: Riksbank takes action to address low inflation; markets poised for US payroll Thursday

Hong Kong AceTrader 09:18 GMT July 3, 2014
AceTrader Jul 3: Intra-Day Market Moving News and Views GBP/USD
Reply   
[B]Intra-Day Market Moving News and Views

03 Jul 2014[/B] [I]08:30GMT[/I]

[B]GBP/USD [/B]- .. U.K. services PMI for June came in at 57.7, below street forecast of 58.3 (previous reading was 58.6), cable slipped after the data to 1.7134 after tripping light stops below 1.7140.

Current weakness suggests a long-overdue correction of recent strong uptrend has taken place, stops below 1.7130 are now in focus, however, as mentioned in previous, fairly large stops are reported below 1.7095, so until the latter stop lvl is tripped, do not get overly bearish on the pound. For now, offers have been lowered to 1.7150/60 n more above with stops above yesterday's fresh 5-1/2 year peak at 1.7180.


Breaking news from Reuters earlier, Bank of England's Deputy Gov Sir Jon Cunliffe says biggest risk to the UK economy is house prices rising faster than income; we don't forecast or set out when interest rates will next change, we make decision on basis of information coming in; we have said we are looking at the amount of spare capacity when deciding on monetary tightening; when interest rates start to go up, the pace is going to be gentler than in past and it will be to a lower level.

Jon Cunliffe will deliver a speech at the International Festival for Business conference at 11:00GMT, Liverpool today.

Paris ib 09:17 GMT July 3, 2014
Lagarde According to Williams

What's weird about Lagarde's little speech is that the meltdown didn't happen in 2007 (as she claims) but in 2008 - her entire presentation is just bizarre.

Lagarde's Speech

GVI Forex john 09:02 GMT July 3, 2014
May 2014 Eurozone Retail Sales
Reply   




NEWS ALERT
mm:0.00% vs +0.02% exp. vs. +0.40% (r -0.2% ) prev.
yy: +0.70% vs. +1.20% exp. vs. +2.40% (r +1.80%) prev.


TTN: Live News Special Offer


Direct links to primary data sources

GVI Forex Blog 08:48 GMT July 3, 2014
Markets in Risk-on Mode Ahead of June U.S. NFP and ECB Decision
Reply   
HIGH IMPACT NEWS ITEMS: ECB Decision, US- Weekly Jobless, Trade, Employment, Service PMIs

Final EZ Service PMIs were mostly unchanged today, although Germany was revised lower. U.K. final June Service PMI data missed street estimates This index is well below its peaks from eight months ago.

Markets in Risk-on Mode Ahead of June U.S. NFP and ECB Decision

GVI Forex john 08:35 GMT July 3, 2014
June 2014 GB Services PMI


U.K. June Services PMI misses forecasts. Data are well below peaks from eight months ago.

london red 08:34 GMT July 3, 2014
June 2014 GB Services PMI

todays serv pmi was supporting cable yest and this morning v dollar, now its out the way and the slight disappointment means cable is now open to further usd strength if seen today pre nfp.

GVI Forex john 08:30 GMT July 3, 2014
June 2014 GB Services PMI
Reply   




-- NEWS ALERT --

57.7 vs. 58.3 exp. vs. 58.6 prev.


Markit PMI Press Release



TTN: Live News Special Offer


Direct links to primary data sources

GVI Forex john 08:10 GMT July 3, 2014
June 2014 EZ- Final Service PMI

EZ, Germany and France final Services PMIs. Germany revised down slightly.


GVI Forex john 08:01 GMT July 3, 2014
June 2014 EZ- Final Service PMI
Reply   




NEWS ALERT

EZ- Final Service PMI
52.8 vs. 52.8 (flash) exp. vs. 52.8
France
48.2 vs. 48.2 (flash) exp. vs. 48.2
Germany
54.6 vs. 54.8 (flash) exp. vs. 54.8

Markit PMI Press Release



TTN: Live News Special Offer


Direct links to primary data sources

Paris ib 08:01 GMT July 3, 2014
Lagarde According to Williams
Reply   
One for the conspiracy theorists.

The New Adventures of old Christine

GVI Forex john 07:56 GMT July 3, 2014
Risk On/Off Heat Map
Reply   

Markets are in a mild  risk-on posture heading  into June U.S. non-farm payrolls and the ECB policy decision in a few hours


  • Yields in prime Eurozone fixed income markets are partially  higher Yields on the European periphery are up as well. The German 10-yr bund is 1.300%, +1bp.
  • U.K. gilt  yields are up.  The 10-yr gilt is 2.76% +1bp. We see a +25bp BOE rate hike by yearend.
  • U.S.10-yr  yield  is 2.31%,  0bp.
  • Equities closed mostly higher in the Far East. Bourses in Europe are higher. U.S. shares are mixed.

    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).


PAR 07:41 GMT July 3, 2014
USDJPY
Reply   
Long USDJPY at 101.35 from last week . US stock market always go up before a long weekend . So USDJPY can easily reach 102.50.

Paris ib 06:56 GMT July 3, 2014
Geopolitics
Reply   
It's a big day. We have Draghi and NFP. U.S. bond yields are on the rise again. Some USD bullishness is being detected on the back of that. The idea being that higher yields will draw in more foreign money to finance the U.S. war machine. Meanwhile Japanese data just released showed the Japanese SOLD the equivalent of USD 10 billion in foreign bonds last week. So the capital is not necessarily flowing in to the United States. And we have the Ukraine and the Middle East conflicts bubbling along. The Ukraine has been mostly neglected by the CORPORATE media but the Ukraine has cancelled the cease fire and the Russians see the situation as a very real threat. Geopolitics has not gone away. The threat though is really towards the European economy via higher gas prices / sanctions sponsored by Washington and fighting on its border. The chinless deviants in Brussels are happy to go along with that. So we have criminal governments everywhere.

I remain dollar bearish for the medium term but am agnostic for the short term.

The Ukraine

london red 06:54 GMT July 3, 2014
morning view
Reply   
cable. should be supported at 17140/25 ahead of service pmi which is expected to stay firm, being the driving force of the uk economy. a print above 60 will see cable make a run at 17203 resistance, but should stay capped by this into nfp. a soft print will be a real surprise and will certainly take us under 17125. eurgbp is fluctuating around 7960, an important level to watch on tomorrows close.
european pmis are expected to be slightly weaker but shouldnt affect the euro too much given draghi is up later. euro weakness may be triggered if he discusses strength of euro but it may take a question from reporters (hint hint) on the likelyhood of QE in the second half of this year to gain a larger reaction up or down. up to now we dont know how long he wants to wait to review the actions taken thus far and any indication that they are willing to act, if necessary, this side of christmas will take us below 13620 in euro. alternatively if action this year is ruled out, you'd have to look to the euro gaining support from that.
the nfp is due at the same time as the ecb conference and after yesterdays stronger adp, the bar has been raised and it looks like a 250k print will be required to keep the status quo although it should keep yields firmer and support the usdjpy. anything around 200k will be viewed with disappointment and a soft usd, while its probably going to take a print of north of 280k to trigger further gains for usd across the board.

syd sf 06:42 GMT July 3, 2014
morning

just seeing bots bidding gbp back from this morning 46 47 48 -- kind of what I was thinking in the morning .. tightish day range - then up to London to do its thing.

gbp/aud maybe the favored play from here.

PAR 06:41 GMT July 3, 2014
A non-dollar-based global financial sytem
Reply   
The BRICs Are Morphing Into An Anti-Dollar Alliance

http://www.zerohedge.com/news/2014-07-02/brics-are-morphing-anti-dollar-alliance

Amman Amman 05:50 GMT July 3, 2014
Analyst Tips Diversifying From Australian Stocks -- Market Talk

As per my personal Experience Australian markets always give me better ROI than others

click

SaaR KaL 05:33 GMT July 3, 2014
USDCAD is where the action is

AUDNZD Longs with dips

Syd 05:12 GMT July 3, 2014
Analyst Tips Diversifying From Australian Stocks -- Market Talk
Reply   
Don't get caught with an expensive investment portfolio in an expensive market, advises Mike Hawkins, chief investment officer at Evans & Partners. He notes the Australian share market is ambling through the financial year, with earnings momentum elusive, a mixed economic backdrop and ongoing concerns about China's growth potential. In a report that appears in an ASX investor newsletter, he suggests diversifying away from the top 10 stocks which he says are expensive relative to a subdued growth outlook. "If you have not already done so, diversify into global share markets where quality, opportunity and value are superior to that of the ASX 200." With Australian government bonds now listed on ASX, he says that if investors see yields of 4.5% or more in the next financial year then they should buy.

SaaR KaL 05:05 GMT July 3, 2014
USDCAD is where the action is

GBPAUD is a goooooooood Sell here

for 1.8000

SaaR KaL 04:52 GMT July 3, 2014
USDCAD is where the action is
Reply   
I am Buying this week
Lower then 1.0660
this pair wants 1.11 area
in 2 months

7/3/2014 1.0788 1.0622
7/13/2014 1.0834 1.0653
7/18/2014 1.0916 1.0720

SaaR KaL 04:50 GMT July 3, 2014
SELL AUDUSD!!!

KL
AUDUSD going back up to .95
will Buy and place short orders
7/3/2014 0.9531 0.9327
7/13/2014 0.9541 0.9329
7/18/2014 0.9574 0.9355

SaaR KaL 04:50 GMT July 3, 2014
SELL AUDUSD!!!

KL
AUDUSD going back up to .95
will Buy and place short orders
7/3/2014 0.9531 0.9327
7/13/2014 0.9541 0.9329
7/18/2014 0.9574 0.9355

Syd 04:24 GMT July 3, 2014
AUD/USD dived from 0.9435 to 0.9371 as Reserve Bank of Australia Governor Glenn Stevens said the RBA
Reply   
AUD/USD dived from 0.9435 to 0.9371 as Reserve Bank of Australia Governor Glenn Stevens said the RBA still has "ammunition" on interest rates. The overnight index swap implied the cash rate for December fell to 2.38% from 2.42% after the comment, and implies a 50% chance of a 25-basis-point interest-rate cut by December. That is the biggest chance of a December interest-rate cut the market has priced in for some time. Combine that with Mr. Stevens's comment that "investors are underestimating the likelihood of a significant fall in the Australian dollar at some point," and speculators have reason to seriously test key support at 0.9365--the uptrend line drawn from the Jan. 24 trough. Still, in a world of extremely low interest rates and volatility, AUD/USD will still be attractive to investors. Major support lies at 0.9200--the May 2 low and the 200-day moving average. AUD/USD last 0.9380.

GVI Forex Blog 04:23 GMT July 3, 2014 Reply   
**Index Snapshot (as of 02:30 GMT)*** - Nikkei225 -0.1%, S&P/ASX +0.6%, Kospi -0.3%, Shanghai Composite -0.2%, Hang Seng +0.1%, Sept S&P500 -0.1% at 1,966 ***Commodities/Fixed Income/Currencies*** - A

TradeTheNews.com Asian Market Update: Australia Retail Sales drop to 14-month lows as RBA Gov Stevens talks down AUD - Source TradeTheNews.com

GVI Forex Blog 04:07 GMT July 3, 2014 Reply   
Nearly all the major markets, except Nifty, are in a pause mode ahead of the ECB meet and

Morning Briefing : 03-Jul-2014 -0407 GMT

KL KL 03:37 GMT July 3, 2014
SELL AUDUSD!!!

on july 1....the history...

...Doooomsh...woke up by Sell AUD Alarm......LOL

in short aussie relentlessly .94483...adding and add relentlessly higher...hope to cover a bit lower than here or chased it o .955 and cover higher.....LOL.....the wonders of averaging....DFM...DYOR..imvho...gl gt

July 3...the reality...LOL

la la la...and time to cover 4/5 here .9378 AUDUSD SHORT...Buy now slowly right up to NFP then relentless BUY as it goes under .93.... as I clear my shorts along the way....LOL

...then relentless under .9345..and ultra relentless under .93....

Ninja can play 64 hours hold too...kinda record hold for me and beginning to like this mode too.....sometimes.....DFM...DYOR..imvho and take profit is ALWAYS KING!!.....

still tired from too much soccer and tennis and just when you think you recovered...there is more world cup then tennis again......less talk more relentless is best.....LOL

Syd 03:27 GMT July 3, 2014
aud
Reply   
Australian retail sales fell as a tough budget made consumers more cautious about spending in the high street.

Retail sales fell 0.5% in May from a month earlier, the Australian Bureau of Statistics said Thursday, compared with the 0.2% rise expected by economists. Retail sales in April were revised to a 0.1% fall from a 0.2% rise previously reported.

Australia's central bank has cut rates eight times since November 2011 seeking to stoke domestic sectors of the economy such as retail sales, as a mining boom that has powered growth for over a decade slows.

Syd 03:22 GMT July 3, 2014
RBA Warns Unhedged Aussie Bondholders -- Market Talk
Reply   

Investors are underestimating the likelihood of a significant fall in the Australian dollar at some point," RBA Gov. Glenn Stevens told Australian bond holders Thursday. With AUD/USD firm recently "some investors are looking to buy Australian bonds without forex hedging on the assumption that downside is limited," Nomura interest rate strategist Martin Whetton says later Thursday in an update of Japanese investor views Thursday. But, Japanese investors retain a general level of caution on AUD exposure. "For instance, many are concerned about the dropoff in mining investment in Australia and the ability for [the] nonmining sector to replace GDP growth," he says.

syd sf 03:08 GMT July 3, 2014
BA's Glenn Stevens warns on Aussie dollar, Sydney house prices

Just looking through the trading patterns for audusd and aud/nzd

few levels I see projected s/l levels

audusd - 9340 9317 and 9294
audnzd - 1.0614

I just would say a strong US payrolls report is a must to knock the AUD down through those levels .. otherwise the buying ahead of the s/l levels would be too strong and make it just a range.

Syd 02:58 GMT July 3, 2014
BA's Glenn Stevens warns on Aussie dollar, Sydney house prices
Reply   
The Reserve Bank believes the Australian dollar is set to fall significantly, “and not by just a few cents”.
It’s also worried about Sydney house prices.
Addressing the Australasian Meeting of the International Econometric Society in Hobart today, the Bank’s governor Glenn Stevens also delivered a slap in the face of government and

The Reserve Bank believes the Australian dollar is set to fall significantly, “and not by just a few cents”.

Hong Kong AceTrader 02:12 GMT July 3, 2014
AceTrader Jul 3: Intra-Day Maket Moving News & Views AUD/USD
Reply   

Intra-Day Market Moving New and Views

03 Jul 2014 01:00GMT

AUD/USD.. The latest prepared statements from RBA Governor Glenn Stevens which has knocked AUD sharply lower to intra-day low of 0.9393 after he said Australia rebalancing act to take time, A$ overvalued, quote :-

1. rebalancing signs encouraging but some way to go yet;
2. monetary policy very accommodative, but still has ammunition on rates;
3. A$ overvalued by most measures, and by more than a few cents;
4. investors under-estimating risk of sharp fall in a$ at some point;
5. not seeking to actively "jawbone" the currency lower;
6. has not contemplated tightening, stability language has worked on market expectations;
7. could drop reference to stable rates long before giving any thought to tightening;
8. federal budget unlikely to change near term economic outlook;
9. longer term tightening of fiscal policy seems sensible;
10. questions whether budget impact on household confidence will persist;
11. Q1 GDP probably overstated pace of growth, outlook little below trend;
12. housing market appears to be calming down, slower price growth favoured;
13. conditions in housing market do not warrant higher rates.

Yesterday, the foreign ministers of Russia and Ukraine agreed in talks in Berlin on Wednesday to work towards resuming a ceasefire which would be made possible by starting three-ways talks including pro-Russian separatists by this weekend.

German foreign minister Steinmeier said, quote: 'talks with Ukraine, Russia and France produced measures that will point way to multilateral ceasefire; welcomes Russian readiness to allow Ukraine officers access to checkpoints on border.'

Ukraine foreign minister Klimkin said, quote: 'talks agreed to work towards resumption of trilateral contact group talks; de-escalation will happen when ukraine president's peace plan is respected in its totality'

Russian foreign minister Lavrov said, quote: 'hopes for meeting of contact group on Ukraine in next few days; Russian side will be ready during any new ceasefire to let OSCE monitor certain border crossings; Russia will work for release of hostages in Ukraine; expects a ceasefire to be put in place in Ukraine.'

French foreign minister Fabius said, quote: 'talks on Ukraine "can report mission accomplished".'

Brock Thor 00:58 GMT July 3, 2014
GBP/JPY

Lets see what happens if this pair breaks 174.820.
1 hr chart 21 ema and 25 sma close under.
Looking for price to bounce off 21.

 




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