syd sf 21:57 GMT July 14, 2014
morning
just a general comment of my own on the GBP - on the hourly top appears 1.7095
if we see a move back through 05/07 then we may just fall into a range and no point selling too low anymore.
also this pair is riddled with data this week - so hard to fall in love with a position.
sd sf 21:52 GMT July 14, 2014
morning
Reply
GBP
seeing selling @84/85 .. stops placed 1.7125
targets 58 46 35 20
EUR
seeing selling @22/24/25 stops above 50
targets 03 92 81
GOLD
1290/1308/1326
eurcad - gbpcad .. you can just look at the chart and see what happened here .. all the breakout bots were buying and when it topped out they all dumped it back out .. I don't see any orders on the books here.
AUDNZD
still no sell generated - and with RBA Minutes kind of a risky trade on the day.
BOL>
Mtl JP 21:07 GMT July 14, 2014
Forex news
Lew's 10-yr paper at 2.545%...
still yielding a pittance
Mtl JP 21:04 GMT July 14, 2014
ECB President Mario Draghi
PAR 19:20 what makes u think Draghi is actually in charge and not just some proxy figurehead ?
GVI Forex john 20:49 GMT July 14, 2014
Calendar -- Daily Forex Data News
July 14, 2014 (global-view.com) UPCOMING DATA HIGHLIGHTS for Tuesday, July 15.
Updated: Trading News Events Calendar
HIGH IMPACT NEWS RELEASES: JP- Bank of Japan, GB- CPI/RPI-X, DE- ZEW, Us- Empire PMI,
Retail Sales, Yellen
- Far East: JP- Bank of Japan.
- Europe: GB- CPI/RPI-X, DE- ZEW.
- North America: Us- Import Prices, Empire PMI, Retail Sales, Yellen, Business Inventories, API Energy.
PAR 19:20 GMT July 14, 2014
ECB President Mario Draghi
Exchange rates are not under Draghi's authority . Looking after bankrupt banks like Espito Santo are his responsability ,but he seems to forget that .
Imho like in football we need a German as head of the ECB and not the "paroles ,paroles,paroles rien que des mots " from Draghi .
Time to change the trainer Draghi .
GVI Forex 18:09 GMT July 14, 2014
ECB President Mario Draghi
Reply
A short while ago ECB President Draghi warned that an "Appreciated Exchange Rate" is a risk to the sustainability of the EZ recovery. We warned about this earlier. EURUSD tests 1.3600.
dc CB 17:57 GMT July 14, 2014
Forex news
Citi is up some today, almost like slapping n spitting Eric in the face.
======================================
the setttlement was a gift. it allowed C to post an earnings beat.
DOJ gets billons, C gets to post "good" earnings. all is good, the Cops on the Beat have been paid off. so no slap, no spit, just one hand washing the other.
C is up because it got the All Clear to keep in doing it for another Quarter...BOOOONUS.
ZH explains (and predicted it.)
Earlier today, moments after hearing that Citi would incur a near-record $3.8 billion Q2 charge as part of a $7 billion settlement ....., an announcement which came literally minutes before its Q2 earnings announcement, we knew precisely what was about to happen: (TWEET Citi's $3.8 billion "one time, non-recurring charge" comes just in time to save Q2 non-GAAP earnings)
Sure enough, moments after we sent this out we learned that Citi magically beats consensus EPS of $1.05, reporting a non-GAAP number of $1.24. The only problem: reported GAAP EPS was a laughable $0.03. Where did the bulk of the company's net income come from? Why the "one-time, non-recurring charge" of course: $1.21 of the $1.24 in Citi EPS was thanks to the "punishment" the government just served it with.
Citi Masks Crashing Mortgage, Trading Revenues With $3.8 Billion Settlement Charge
Mtl JP 17:54 GMT July 14, 2014
Forex news
so it would appear Draghi scores a zzzzzz today
Mtl JP 17:28 GMT July 14, 2014
Forex news
Draghi about to make his "Introductory statement" at the Quarterly Hearing before the Committee on Economic and Monetary Affairs (ECON) of the European Parliament in Strasbourg, France.
Mtl JP 17:24 GMT July 14, 2014
Forex news
dc CB c my Mtl JP 04:26 GMT September 2, 2011
-
Eric may charge 'em but I m not holding my breath for a criminal conviction.
Neither , so far at least, seem players. Citi is up some today, almost like slapping n spitting Eric in the face.
dc CB 17:14 GMT July 14, 2014
Forex news
Yellen's first Official appearances before the House and Senate.
In an effort that she not be embarassed and in light of the rumblings in the chambers to "reign in the FED".
1. Wack gold.
2. New Highs in Stox.
dc CB 16:49 GMT July 14, 2014
Forex news
they made false statements to investors, in marketing materials, and even in documents filed with the Securities and Exchange Commission.
++++++++++++++++++++++++++++++++++++++++++++++
but presecuting specific individuals for FRAUD would be going too far. instead the shareholders will pay us, the US Government, billions.
Mtl JP 16:17 GMT July 14, 2014
Forex news
the resolution of South Sea Company
"The newly appointed First Lord of the Treasury Robert Walpole was forced to introduce a series of measures to restore public confidence. Under the guidance of Walpole, Parliament attempted to deal with the financial crisis. The estates of the directors of the company were confiscated and used to relieve the suffering of the victims, and the stock of the South Sea Company was divided between the Bank of England and the East India Company. A resolution was proposed in parliament that bankers be tied up in sacks filled with snakes and tipped into the murky Thames.[30] The crisis had significantly damaged the credibility of King George I and of the Whig Party."
-
Bottom Line
most lessons of history are only single-generational.
whatever happened to setting jurisprudence ?
Dillon AL 16:05 GMT July 14, 2014
Forex news
As per usual anything that happens in the US has already been tried and tested 15+ years before in the UK/EU
Funny how the US never seems to figure that one out
Mtl JP 15:58 GMT July 14, 2014
Forex news
U.S. AG Holder slams Citigroup, warns of possible criminal charges
By Ciara Linnane
July 14, 2014, 10:37 a.m. NEW YORK (MarketWatch) -- U.S. Attorney General Eric Holder said the Department of Justice's $7 billion settlement with Citigroup Inc. C +3.60% announced earlier Monday does not absolve the bank or any of its employees from potential criminal charges. Speaking at a press conference to outline details of the settlement, Holder said the bank's misconduct was "egregious," that it knew of serious and widespread defects in the increasingly risky loans it was securitizing, but sold them to investors, including federally-insured financial institutions regardless. "And they made false statements to investors, in marketing materials, and even in documents filed with the Securities and Exchange Commission. They led investors and the public to believe that these financial products had been originated in compliance with the law and key underwriting guidelines when this was often not the case," he said. The bank's conduct had devastating effects on economies and financial institutions across the globe, he said
--
Citigroup Inc. a criminal ?!
Lets say Eric gets to put an Inc. on the death row.
How do you execute it ?
GVI Forex john 15:52 GMT July 14, 2014
Calendar -- Daily Forex Data News
Markets appear to be on hold waiting for Draghi later today and then Yellen tomorrow. Draghi COULD talk down the value of EURUSD lower again, while Yellen is likely to continue to tout an accomodative monetary policy.
GVI Forex john 15:26 GMT July 14, 2014
Risk On
Markets are moving cautiously back
to a risk-on posture after
concern about a possible contagion from the Portuguese banking
situation has diminished. Long the EURUSD might be becoming a
risk on trade, but we are by no means certain about this. EURUSD 1.3600
is its current benchmark price.
- Yields in prime Eurozone fixed income
markets are steady to higher. Yields
on the European
periphery are lower. The German 10-yr bund is
1.21%, 0bp.
- The U.K.10-yr gilt yield is
2.61% +1bp. Odds still favor a +25bp BOE short-term rate hike by
yearend.
- U.S.10-yr yield is 2.54%, +2bp.
- Equities closed higher in the
Far East. Bourses in Europe are up. U.S. shares are higher as well.
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 Misha 14:54 GMT July 14, 2014
Observations
Reply
EURUSD - Indecisive Doji on Daily Chart but continues to rise on base of recent Uptrend.
GBPUSD - Indecisive Doji Top. Continues to build on Daily Chart a topping pattern under 1.7180 high for 2014.
EURGBP - Indecisive Spinning Top on Daily Chart as continues up off 0.7911 base. possible Bullish Tweezer Bottom on Weekly Chart.
USDJPY - Small Bullish Harami on Daily Chart but possible Bearish Matching on Weekly Chart.
AUDUSD - Indecisive Spinning Top as holds (just) over recent Uptrend. Bullish Harami on Weekly Chart!
USDINR - Indecisive Long Legged Spinning Top on Daily Chart. Closes within Fib congestion area 60.06-60.09.
USDZAR - Bearish Spike as market again fails at first minor 38.2% Fib (2.2263) on Daily Chart.
USDRUB - Bearish Harami on Weekly Chart but today breaks Long MA resistance and moves up to recent Downtrend.
Mtl JP 14:38 GMT July 14, 2014
How to turn gold into a currency???
[email protected] - CBs do not need to be selling Gold in order to turn "big profit"
Note that, for example, BIS is a big GC player.
At bottom of their heart bankers know what value as collateral accessible Gold represents. They know that, at ultimately at some point, their army will want their salaries to be paid in Gold to remain loyal. Something fiat (currency which derives its value from government regulation or law declaration) can not do.
Do you know anyone who would like to be paid with a 1923 10 Billion German Marks (Zehn Milliarden Mark) banknote ?
HK [email protected] 14:22 GMT July 14, 2014
How to turn gold into a currency???
The idea behind is simple. If a CB has much gold it bought at higher prices, and which gives no interest, it can mint attractive gold diluted money coins with sufficiently high nominal value, such as of disposing of their gold hoard with a big profit.
Mtl JP 14:16 GMT July 14, 2014
United Kingdom 2y vs BOE Repo Rate and USD Rates
john 13:58 - Are the UK and U.S. economies topping out?
Some dots:
- crappy industrial and manufacturing numbers across europe
- low inflation readings in Germany and France ((according to overlords a bad thing)
- crappy Japanese machine orders
- crappy exports from China
despite Baltic Dry Index plumbing new lows at $814.00.
please... do not blame too many available ships
-
So shippers appear to know that economies are topping out. What do you think ?
PAR 14:07 GMT July 14, 2014
UKRAINE
Reply
Rumors military plane shot down alongside Russian border.
london red 14:03 GMT July 14, 2014
GBPUSD
Cable nearby res at 91 fig 15 25
GVI Forex john 14:03 GMT July 14, 2014
United Kingdom 2y vs BOE Repo Rate and USD Rates
July 2015 Fed Funds futures now 100% odds on a 25bp rise in Fed funds by July 2015 and 20% odds on an additional +25bp. To me, the tipping point on the economic sentiment is the odds on the first +25bp (currently 100%).
GVI Forex john 13:58 GMT July 14, 2014
United Kingdom 2y vs BOE Repo Rate and USD Rates
I posted this chart over the weekend. I have no particular bias on this but I found interesting how much U.S. and UK 2-yr yields have fallen in the past couple of weeks. Does this tell us something? Are the UK and U.S. economies topping out?
Note also the concurrent decline in GBPUSD.
Mtl JP 13:57 GMT July 14, 2014
GBPUSD
judging from COT gbp positioning , players holding long gbp are nervous being long.
st short would probably like to see 1.7090 as resistance now
GVI Forex john 13:49 GMT July 14, 2014
Risk On
10-yr 2.538% +1bp
GVI Forex Blog 13:46 GMT July 14, 2014
Reply
July 14, 2014 (global-view.com) UPCOMING DATA HIGHLIGHTS for Tuesday, July 15. Updated: Trading News Events Calendar
HIGH IMPACT NEWS RELEASES: JP- Bank of Japan, GB- CPI/RPI-X, DE- ZEW, Us- Empire PMI, Retail Sales, Yellen
GVI Forex Data Outlook for July 15, 2014
GVI Forex john 13:43 GMT July 14, 2014
Calendar -- Daily Forex Data News
Reply
July 14, 2014 (global-view.com) UPCOMING DATA HIGHLIGHTS for Tuesday, July 15.
Updated: Trading News Events Calendar
HIGH IMPACT NEWS RELEASES: JP- Bank of Japan, GB- CPI/RPI-X, DE- ZEW, Us- Empire PMI,
Retail Sales, Yellen
- Far East: JP- Bank of Japan.
- Europe: GB- CPI/RPI-X, DE- ZEW.
- North America: Us- Import Prices, Empire PMI, Retail Sales, Yellen, Business Inventories, API Energy.
london red 13:26 GMT July 14, 2014
GBPUSD
PS cpi vs wage growth v imp for mpc.
london red 13:24 GMT July 14, 2014
GBPUSD
Cpi missing is poss but wage growth v low last time due to change in tax system. Could bounce back from v low level. Monthly chart has been begging for a good fall anything from 17050 to 16950 makes it look a lot more sustainable. I wouldnt read too much into one off tbh.
Mtl JP 13:18 GMT July 14, 2014
GBPUSD
red 12:57 I expect crappy numbers in UK
Mtl JP 13:16 GMT July 14, 2014
Probably financing Arabian wars brought gold down.
the "world of lousy business environment, war, and also decline in stock Mkts" are jut symptoms.
The root cause is bad governance (fiat money and associated corruption, mis-pricing, mendacity. Something not about to change direction 180° on a dime.
Mtl JP 13:11 GMT July 14, 2014
Forex news
Lew's 10-yr paper still yielding only 2.52-ish %
that needs to change
london red 12:57 GMT July 14, 2014
GBPUSD
Cable 64 44 and fig supports. Tomorrows cpi can go either way, wed jobs likely to be good again but wage growth most imp data for week, makes or breaks if poor then 16970/50 poss.
Mtl JP 12:29 GMT July 14, 2014
Forex news
Jul 14, 2014 Reuters - Citigroup Inc said it agreed to pay $7 billion to settle a U.S. government investigation into mortgage-backed securities the bank sold in the run-up to the 2008 financial crisis.
The settlement figure was more that twice what many analysts expected earlier this year but less than the $12 billion the government had sought in negotiations with the bank.
Citigroup said on Monday it would pay $4.5 billion in cash and provide $2.5 billion in consumer relief.
-
Who, pray tell, besides cash buyers and "low income qualifiers for 0's HAMP program, wants to put a mortgage albatross around their neck ?
He's the Top U.S. Mortgage Salesman. His Daughter Isn't Buying It - bloomberg
--
Bottom Line
“The world has changed,” - Sara Stevens
Mtl JP 12:19 GMT July 14, 2014
GBPUSD
Reply
Sell GBPUSD
Entry: stand-by Target: 1.70 Stop: stand-by
stalking the trade at moment
Mtl JP 12:12 GMT July 14, 2014
euro still in a range
Reply
Sell EURUSD
Entry: on approach to 50 level Target: 1.3615 and lower Stop: >1.3660
me thinks the current slight pop is a bit of short covering
GVI Forex john 11:41 GMT July 14, 2014
Agree or Disagree? USDJPY
Reply
Watching S&P futures. They are at a level higher than the end of last week, but are holding flat. The USDJPY is trading flat as well.
DAX flatlining also.
GVI Forex john 10:55 GMT July 14, 2014
EUR Heat Map
Reply
EUR-based Heat Map. Forex from a EUR point of view.The EUR is broadly higher on the day. The new risk-on trade? EUR is still below its 20-day moving averages in most key relationships. Key exceptions: EURUSD and EURAUD.
GVI Forex john 10:19 GMT July 14, 2014
Calendar -- Daily Forex Data News
Reply
July 15 Testimony--Chair Janet L. Yellen
Semiannual Monetary Policy Report to the Congress
Before the Senate Banking, Housing, and Urban Affairs Committee, Washington, D.C.
10:00 a.m. ET
July 16 Testimony--Chair Janet L. Yellen
Semiannual Monetary Policy Report to the Congress
Before the House Financial Services Committee
10:00 a.m. ET
Mtl JP 09:45 GMT July 14, 2014
Forex news
dc CB 00 / those would be examples of MICRO prudential policies
Mtl JP 09:37 GMT July 14, 2014
Yellen
so does Poloz, Abe or Mario respectively
GVI Forex Blog 09:11 GMT July 14, 2014
Key Draghi and Yellen Appearances Today and Tuesday
Reply
HIGH
IMPACT NEWS ITEMS: Draghi
EZ Industrial Output fell -1.10% mo/mo. This was slightly better than forecast. Nevertheless, it was the largest monthly decline since September 2012.
Trading Monday has gotten off to a cautious start. Key foci early in the week will be a appearance Monday by ECB President Draghi in Strasbourg and then testimony Tuesday by Fed Chair Yellen before the House Banking Committee. Otherwise, this is an active week on the data front.
Key Draghi and Yellen Appearances Today and Tuesday
GVI Forex john 09:03 GMT July 14, 2014
May 2014 Eurozone Industrial Output
EZ Industrial Output slightly better than forecast. This was the largest monthly decline since September 2012.
GVI Forex john 08:54 GMT July 14, 2014
Risk On
Reply
Markets are opening the new week and have moved cautiously moved back
to a risk-on posture after
concern about a possible contagion from the Banco Espirito Sancto
situation diminished at the end of last week. The EURUSD is back above
the 1.3600 level.
- Yields in prime Eurozone fixed income
markets are steady to higher to start the new week Yields
on the European
periphery are lower. The German 10-yr bund is
1.22%, +1bp.
- The U.K.10-yr gilt yield is
2.61% +1bp. Odds still favor a +25bp BOE short-term rate hike by
yearend.
- U.S.10-yr yield is 2.53%, +1bp.
- Equities closed higher in the
Far East. Bourses in Europe are up. U.S. share futures are 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).
Amman wfakhoury 07:38 GMT July 14, 2014
EURUSD 13630 confirmed
Reply
Amman wfakhoury 07:28 GMT July 11, 2014
EURUSD 13630 confirmed: Reply
13630 confirmed will be reached ,any deline below 13600 will return to it if 13630 did not reach.
The only one in the world who confirms the next level
13630 reached
PAR 07:32 GMT July 14, 2014
Yellen
Reply
Yellen testimony to put further pressure on Us dollar this week . Yellen just wants a low Us dollar .
dc CB 06:01 GMT July 14, 2014
'Joyeux Le Quatorze Juillet!'
FWIW
my "tell" on the US Economy.
my neighbor owns a palette company. as in he makes oak palettes that stuff get shipped on.
so driving by today -sunday- I see 3 semi trailers waiting full for the trucks to come and piles sitting on the ground, waiting for a loader.
Sunday is an off day in the US ...as is Saturday for most.
Hong Kong AceTrader 02:55 GMT July 14, 2014
AceTrader Jul 14: Intra-Day Maket Moving News & Views & data to be released today
Reply
Intra-Day Market Moving New and Views USD/JPY
14 Jul 2014 02:26GMT
USD/JPY - ... The greenback edged higher in Asia on Mon and briefly penetrated Fri's high of 101.39 to 101.41 due to broad-based softness in yen as the BoJ kicked off its latest two-day monetary policy meeting today with the board expected to stand pat.
Offers from various accounts are noted at 101.50-60 with mixture of offers and stops emerging above 101.80.
On the downside, bids are placed at 101.30/25 and then 101.15/10 with stops located just below 101.00.
Earlier Japan PM Abe said that he wanted a summit with China at Nov Apec meeting.
Data to be released next week:
Japan capacity utilization, industrial output and EU industrial production on Monday.
Australia RBA minutes, Japan BoJ rate decision, Swiss PPI, UK BRC retail sales, CPI, PPI, PPI input, PPI output, RPI, core RPI, Italy CPI, Germany ZEW current conditions, economic sentiment, U.S. retail sales, export prices, import prices, Redbook retail sales and business inventories on Tuesday.
New Zealand CPI, China GDP, retail sales, industrial output, Italy trade balance, UK ILO unemployment, claimant count, Swiss ZEW sentiment, U.S. PPI, core PPI, net L-T flows, capacity utilization, industrial output, NAHB housing market index, Fed beige book and Canada BoC rate decision on Wednesday.
Australia NAB business confidence, EU CPI, U.S. building permits, housing starts and jobless claims on Thursday.
EU current account, Canada CPI, core CPI and U.S. U. of Michigan consumer sentiment on Friday.
nw kw 02:34 GMT July 14, 2014
buy euro
are you shorting the top fore da hangover
nw kw 02:14 GMT July 14, 2014
buy euro
JP- Industrial Output//shod be bad like rest of world eur/jpy spike up for can be protected
GVIForex Jay Meisler 01:30 GMT July 14, 2014
Week Ahead
Monday, 14 July 2014
Board member: Mario Draghi
Event: Introductory statement by the President at the Quarterly Hearing before the Committee on Economic and Monetary Affairs (ECON) of the European Parliament in Strasbourg, France.
Time: 7.30 p.m. CET
Venue: European Parliament, Room WIC 200, Strasbourg
Contact number: Peter Ehrlich, ECB Press and Information Division, Tel: +49 69 1344 8320, e-mail: [email protected]
Text: The text will be made available on the ECB's website after delivery.
Last modified: 11 July 2014, 9 AM CET
dc CB 00:43 GMT July 14, 2014
Forex news
time to take measures against junior staff ?
+++++++++++++++++++++++++++++++++++++++
buy them Nail Guns, or ask them up for drinks, on the roof.
Mtl JP 00:34 GMT July 14, 2014
Forex news
http://www.zerohedge.com/news/2014-07-13/us-offers-immunity-junior-fx-manipulators-exchange-ratting-out-their-seniors
the FX investigations... DOJ has been explicitly targeting the European banks for bigger fines and penalties.. e.g. BNP $8bil ...
incitement amongst elites to turn on each other for want of easier targets... (macro-prudential measures' tactic)
time to take measures against junior staff ?
jkt abel 00:09 GMT July 14, 2014
buy euro
Reply
Germany won the world cup, buy euro!
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