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Forex Forum Archive for 07/24/2014

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


Dillon AL 23:30 GMT July 24, 2014
Risk On/Off Heat Map

550x p/e based off some minor profits they once made a while ago.
stock up 400% since the bull was kick-started with QE

Mtl JP 23:28 GMT July 24, 2014
Chart Points -- Trading Points

john that usdyen 101.86 is begging for a short against it for 101.40 target

Mtl JP 22:50 GMT July 24, 2014
Risk On/Off Heat Map

the "love" appears to be a near 10% tank in Aamzon's shares sofar

Mtl JP 22:45 GMT July 24, 2014
Risk On/Off Heat Map

with $193 billion revenue Amazon can not make a profit ....
are they peddling made-in-usa crap ?

dc CB 22:14 GMT July 24, 2014
Risk On/Off Heat Map

worse. Amazon reported bad numbers after the close.

Their business model : put everyone else out of business.
They still are losing money.. So Retail is really bad off, and you can't blane it on the WEATHER, when it's online.

But Jeff Bezos does now own the Washington Post...so I'm there will be some "love".

Mtl JP 22:10 GMT July 24, 2014
Risk On/Off Heat Map

maybe Obama's gang can help Walmart whose US stores have suffered five straight quarters of sales declines at stores that have been open at least a year. By some sort of executive order.

Mtl JP 21:55 GMT July 24, 2014
Risk On/Off Heat Map

CB 21:47 oh oh ooooooohhh
what is next..... brownshirts ?

dc CB 21:47 GMT July 24, 2014
Risk On/Off Heat Map

Pres. Obama: Savvy investors know what goes up can come down

Obama and Liesman

Mtl JP 21:02 GMT July 24, 2014
Chart Points -- Trading Points

GVI Forex john 20:36 / merci beaucoup.
those tables valent leur pesant de cacahuètes

GVI Forex john 20:41 GMT July 24, 2014
Calendar -- Daily Forex Data News



July 24, 2014 (global-view.com) UPCOMING DATA HIGHLIGHTS for Friday, July 25. Updated: Trading News Events Calendar

HIGH IMPACT NEWS RELEASES: DE- IFO, GB- GDP.

  • Far East: No Major Data.
  • Europe: DE- IFO, GB- GDP.
  • North America: US- Durable Goods, COT Report.


GVI Forex john 20:36 GMT July 24, 2014
Chart Points -- Daily Forex Trading Points
Reply   
Global-View Chart Points updated daily. Seven currency bases and in printer-friendly format andover 50 currency pairs.

Foreign Currency Exchange Tables

Mtl JP 20:34 GMT July 24, 2014
Risk On/Off Heat Map



john 18:41 - it may or not be "pivotal" to the extent that it may or not excite the BIG players, who-ever they are.
ps/ fwiw I am not In the Circle.

Mtl JP 20:23 GMT July 24, 2014
Risk On/Off Heat Map

dc CB 19:21 / in this day and age of Bizarro overlordism making data fit the scrip and only the fringe fighting the Fed, I don' get it: what is wrong with "combined net income of zero" ?

GVI Forex john 20:21 GMT July 24, 2014
Weekly Trading Planner
Reply   

FRIDAY
DE IFO Climate  
GB GDP
US Dur Goods & ex-trans

Mtl JP 19:58 GMT July 24, 2014
Agree or Disagree? GBPUSD

Jay 18:13 - only a TRADE is evidence of a market.
the g-v chartpoints are amazing, more than
-
red 18:20 - thanks brother. one of us is going to be more right (but just slightly) :-)

GVI Forex john 19:43 GMT July 24, 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 19:21 GMT July 24, 2014
Risk On/Off Heat Map

Zillow's stock is up over 22% on news that it will acquire rival real estate company Trulia for $2 billion. Trulia is up 32%, which is about half in absolute terms of the $1 billion Zillow's market cap has grown by in the past few moments to $6 billion.

Neither company is currently profitable on an annual basis - the combined net income of the two companies is... zero.

Zillow, Trulia Soar On Incomeless Acquisition Plan

GVI Forex john 19:03 GMT July 24, 2014
Chart Points -- Trading Points
Reply   
Pre-Closing...


GVI Forex Jay Meisler 18:50 GMT July 24, 2014
Agree or Disagree? GBPUSD

As per my video,

1.6957 = 50 day mva
1.6950 = support => above it needed to keep focus on 1.70

Low was 1.6966

GVI Forex john 18:41 GMT July 24, 2014
Risk On/Off Heat Map

10-yr late 2.507% +5bp

above the 2.50% pivotal level.

GVI Forex Blog 18:36 GMT July 24, 2014
Flash PMI Data Mostly Better than Expected. U.S. Generally Improves. German IFO Friday
Reply   
HIGH IMPACT NEWS: DE- IFO Survey, GB- GDP. US- Durable Goods Orders

Friday features the closely followed IFO Survey, UK GDP and U.S. Durable Goods data. The U.S. saw mixed data Thursday with weekly Jobless Claims falling decisively below the 300K line. Analysts will want to confirm the data in upcoming reports. The U.S. Markit flash Manufacturing PMI fell modestly from what looked to be a stretched level. New Homes Sales data fell sharply, but the report is not in line with other recent data.

Flash PMI Data Mostly Better than Expected. U.S. Generally Improves. German IFO Friday

london red 18:25 GMT July 24, 2014
Risk On/Off Heat Map

fwiw today bonds, dollar and metals stealthily edged towards higher rates. very orderly. and there was the fed worried it would happen in one day.
a couple more of these and the ball will roll faster but we're not there yet.

london red 18:20 GMT July 24, 2014
Agree or Disagree? GBPUSD

JP, the 80 day ema is so much prettier :)
by my calcs there is v little chance of a 0.9 print tom. 0.83 0.84 maybe but we dont get those. i think the band is 0.77-0.84 so my guess would be 0.8% with the v outside chance of a point either side with a better chance of a revision higher of a tick after june full wad of data is collected.

dc CB 18:18 GMT July 24, 2014
Risk On/Off Heat Map

by Wacking...I refer to the Gold and Silver market....silver down hard, prob will try to break into the 19xx

dc CB 18:15 GMT July 24, 2014
Risk On/Off Heat Map

the NYFED and the PDs who do the Fed/Treas bidding.

Auction "clear the decks sell off"

Hello FMOC Hello Gammy Yellen...just wacking early...maybe more to come thru Wednesday.

IMH(biased)Opinion

GVI Forex Jay Meisler 18:13 GMT July 24, 2014
Agree or Disagree? GBPUSD

JP, it is designed to stimulate discussion and have a subject title where you can read the full discussion. It also encourages opinions on both sides, which is what makes a market.

Mtl JP 18:08 GMT July 24, 2014
Risk On/Off Heat Map

dc CB 14:54 yields are actually UP.
can u essplain to me who is currently and atm trading - on both sides - paper Gold ?

Mtl JP 17:57 GMT July 24, 2014
Agree or Disagree? GBPUSD



Jay 15:02 / for some time now I am really - and increasingly - perplexed by the treads "agree / disagree" monicker. I mean ... who cares , really ?

There is NO NEED for some insta reality-TV style show of hands poll question when john publishes (I expect with not a minute effort) g-v's chartpoints.

Example: GBPUSD
Res 3 1.7146
Res 2 1.7121
Res 1 1.7076
Pivot 1.7051
Sup 1 1.7006
Sup 2 1.6981
Sup 3 1.6936

and IF you want more, consider the 100 day 1.6841 for target when the puppy tilts and stays under the pivot. Above the Pivot are your R's for consideration.

nw kw 17:12 GMT July 24, 2014
June 2014 U.S. New Home Sales

some funds are getting out but sell 100 or so to next funds

Mtl JP 17:01 GMT July 24, 2014
Global Markets News

I expect Lady Ashton sleeps deeply, restfully and worry-free

Cape Town LV 16:15 GMT July 24, 2014
ANZ Business Confidence
Reply   
Any ideas on the news coming out later -ANZ Business Confidence and the effect of that on the NZD?

dc CB 16:12 GMT July 24, 2014
Risk On/Off Heat Map

cover's cartoon pretty on though.

ever see The Italian Job with Michael Caine, and that great Mini Cooper chase

london red 16:04 GMT July 24, 2014
Risk On/Off Heat Map

halligan has been a bear all the way up. had a lot of time for him a good few years back, but he kept the same tune for too long. either he was right back then or you could say a stopped clock tells the right time twice a day.

jkt abel 16:03 GMT July 24, 2014
but eurjpy
Reply   
bought 137.11, buy more below 137, stop below today's low

dc CB 15:54 GMT July 24, 2014
Risk On/Off Heat Map



fun with covers

The Spectator UK

dc CB 15:34 GMT July 24, 2014
Global Markets News

*DRAFT EU SANCTIONS LIST TARGETS 15 INDIVIDUALS, 18 ENTITIES

*EU TARGETS BORTNIKOV, HEAD OF RUSSIAN FSB SECRET SERVICE
*EU TARGETS PATRUSHEV, HEAD OF RUSSIA SECURITY COUNCIL
*EU TARGETS CHECNYA LEADER KADYROV
*EU TARGETS FRADKOV, DIRECTOR OF RUSSIA FOREIGN INTEL SERVICE
*EU DRAFT LIST FOCUSES ON EAST UKRAINE, CRIMEAN ENTITIES

*EU DRAFT SANCTIONS LIST DOESN'T MENTION MAJOR RUSSIAN COMPANIES

GVI Forex Blog 15:30 GMT July 24, 2014
Global Markets News
Reply   
US equity trading has been choppy this morning as major earnings and some surprising US data keep participants on their toes

TradeTheNews.com US Market Update: Good Claims Data, Weak June Home Sales, Major Earnings Drive Choppy US Trading

GVI Forex john 15:30 GMT July 24, 2014
Risk On/Off Heat Map

Late in Europe the focus seems mainly to be on the improving data in a session marked by a heavy calendar of releases. Most of the items beat expectations, but there were several notable misses. As a result markets have moved into a risk-on posture. The EURUSD is currently steady.


  • Yields in prime Eurozone fixed income markets are higher, but remain well below levels from early last week .Yields on the European periphery are mixed. .EZ 10-yr 1.18%, +3bp.
  • The U.K.10-yr gilt  yield is 2.61%  +5bp. A +25bp BOE rate hike is still expected by yearend..
  • U.S.10-yr  yield  is 2.51%,  +5bp. The psychological pivot is2.50% .
  • Far East equities closed mostly higher. Bourses in Europe are closing up. U.S. shares 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).


dc CB 15:10 GMT July 24, 2014
Risk On/Off Heat Map

POMO juice just in at 11:00

total Par Amt Accepted: $2.369bln

GVI Forex Jay Meisler 15:02 GMT July 24, 2014
Agree or Disagree? GBPUSD

Last sub-1.70 close was on June 25 (1.6979)

GVI Forex john 15:01 GMT July 24, 2014
Risk On/Off Heat Map

Late morning in the U.S. is seeing equities try to rally.

The U.S. 10-yr is back above the 2.50% line at 2.509%.

london red 15:00 GMT July 24, 2014
Risk On/Off Heat Map

yields should come off here (we should have seen hod) into tomorrow if following trend. a new high sustained suggests a break out for 2.58/2.59.

dc CB 14:54 GMT July 24, 2014
Risk On/Off Heat Map



with the Wackage gold took today...ya's also think yeilds would be Lower.

GVI Forex Jay Meisler 14:50 GMT July 24, 2014
Risk On/Off Heat Map

As I have been noting, US 2.50% 10-year yield is a good risk indicator. Currently 2.51% and why USDJPY is bid.

dc CB 14:48 GMT July 24, 2014
Risk On/Off Heat Map

dc CB 19:44 GMT July 23, 2014
Auctions next week. The "follow the script" sell off so far has yet to materialize.
++++++++++++++++++++++++++++++++++++++++++++++++

seems like with all today's US "Bad" news Treas Yeilds should be down. ya think?

GVI Forex Blog 14:40 GMT July 24, 2014 Reply   
July 24, 2014 (global-view.com) UPCOMING DATA HIGHLIGHTS for Friday, July 25. Updated: Trading News Events Calendar HIGH IMPACT NEWS RELEASES: US- Durable Goods, DE- IFO, GB- GDP.

GVI Forex Data Outlook for July 25, 2014

GVI Forex john 14:36 GMT July 24, 2014
Calendar -- Daily Forex Data News
Reply   


July 24, 2014 (global-view.com) UPCOMING DATA HIGHLIGHTS for Friday, July 25. Updated: Trading News Events Calendar

HIGH IMPACT NEWS RELEASES: DE- IFO, GB- GDP.

  • Far East: No Major Data.
  • Europe: DE- IFO, GB- GDP.
  • North America: US- Durable Goods, COT Report.


Dillon AL 14:33 GMT July 24, 2014
June 2014 U.S. New Home Sales

The reason John could be that there have been a huge number of very short dated closures IE 2 weeks rather than the 30 days and so the 2 numbers are essentially in the real world level pegging
A couple of the unheard (IE non main stream banks) of mortgage lenders have recently been pulling the stops out to build market share. PS as a Notary Public I still see mass mistakes in mortgage documentation that is being completely overlooked and so nothing has really changed over the last few years from a bad documentation stand-point of view

GVI Forex john 14:30 GMT July 24, 2014
US EIA Weekly Natural Gas Inventory Change (bcf)
Reply   



ALERT
+90 vs.+97 exp vs. +107 prev.

EIA Press Release




TTN: Live News Special Offer

GVI Forex john 14:17 GMT July 24, 2014
June 2014 U.S. New Home Sales



By comparison Existing Homes Sales in June were much better and are more than 10 times the size of New Homes sales. The two numbers should generally track one another.

GVI Forex john 14:10 GMT July 24, 2014
June 2014 U.S. New Home Sales

New Homes Sales May spike in sales revised out. June sales unexpectdly fall sharply. Out of line with performance of more important Existing Homes Sales.

london red 14:03 GMT July 24, 2014
June 2014 U.S. New Home Sales

well that miss should ruffle some feathers. youd expect some give on that and we've seen it initially, but if they shrug this one off you have to look to a retest of 2.58/2.59 again.

GVI Forex john 14:02 GMT July 24, 2014
June 2014 U.S. New Home Sales

Major miss in New Homes sales.

GVI Forex john 14:01 GMT July 24, 2014
June 2014 U.S. New Home Sales
Reply   



ALERT
406K vs. 478K exp. vs. 504K (r 442K) prev.


New Residential Sales


TTN: Live News Special Offer

london red 13:58 GMT July 24, 2014
U.S. July 2014 Markit flash Mfg PMI

job creation weakest since sept 13 apparently. still if any survey can be discounted its this one. other july are fine, v strong, so far.

GVI Forex Jay Meisler 13:57 GMT July 24, 2014
Agree or Disagree? GBPUSD

As posted earlier on GVI Forex.




Daily GBPUSD Outlook Video Update


GBPUSD closing pattern (6 days down) noted, 1.70 in the spotlight.

GVI Forex john 13:51 GMT July 24, 2014
U.S. July 2014 Markit flash Mfg PMI

U.S. flash Markit Manufacturing PMI weaker than forecast, but still well above the ISM survey.

london red 13:50 GMT July 24, 2014
U.S. July 2014 Markit flash Mfg PMI

high print last month so an average of the two looks ok, but its known to be out vs the main pmi indicator sometimes. but market seems to have taken it in its stride with no back up in 10 year yield yet.

GVI Forex john 13:46 GMT July 24, 2014
U.S. July 2014 Markit flash Mfg PMI

Data disappoints

GVI Forex john 13:45 GMT July 24, 2014
U.S. July 2014 Markit flash Mfg PMI
Reply   



ALERT
56.3 vs. 57.5 exp. vs. 57.3 prelim


Markit PMI Press Release


TTN: Live News Special Offer

london red 13:26 GMT July 24, 2014
us manf
Reply   
markit pmi for july up shortly. i expect a stronger number on the bqasis of my calculations for main manf pmi. the markit generally follows but has been known to underprint the main survey. but that said, i expect somewhere around 60 to print today.
yields are moving up and should go higher on this number, though eurusd reaction to earlier data today suggests taking profits on any blip higher in usd on the data. usdjpy should vault 80 on a good number, but can run into trouble anywhere from 10195 to 10210. cable might see a run towards 16950/40 where i am a buyer into gdp tomorrow. eurusd may retest 50 and how it reacts there will indicate whether or no a short covering rally is to occur.

GVI Forex john 13:08 GMT July 24, 2014
UPDATE: United Kingdom 2y vs BOE repo rate and GBPUSD
Reply   
UPDATED (BASED ON WEDNESDAY CLOSES): Fundamentals for Trading. EXCLUSIVE CHART: 2y vs BOE refi rate and GBPUSD. 2y vs, BOE Repo Rate. The 2yr is what the market prices the Official target rate will AVERAGE over its remaining lifespan.

These relationships tell you what you need to know about the GBPUSD. They will be increasingly sensitive to U.K. economic data as the year wears 0n. NoTE: today saw disappointing UK Retail Sales data.




london red 12:54 GMT July 24, 2014
Agree or Disagree? USDJPY

10180 is the level to watch. manf pmi up in less than an hour

NY JM 12:53 GMT July 24, 2014
Agree or Disagree? USDJPY

USDJPY is very sensitive to US yields and if they start moving up, correlation will be easy to explain.

GVI Forex john 12:42 GMT July 24, 2014
U.S. Weekly Jobless Claims

U.S. Weekly Jobless break through the 300K barrier.



Click on chart for ten-year history

PRESS RELEASE: U.S. Weekly Unemployment Insurance Claims

Plovdiv Gotin 12:40 GMT July 24, 2014
EUR Heat Map

Jay/ agreed with 1.3432, last barrier before 1.3414/1.34

Plovdiv Gotin 12:34 GMT July 24, 2014
EUR Heat Map

forgotten 1.3325, very important before 1.3295.

GVI Forex Jay Meisler 12:32 GMT July 24, 2014
EUR Heat Map

Gotin, those were yesterday's levels. See today's levels on

FX Chart Points

GVI Forex john 12:31 GMT July 24, 2014
U.S. Weekly Jobless Claims

Weekly Jobless much better than expected.

GVI Forex john 12:31 GMT July 24, 2014
U.S. Weekly Jobless Claims
Reply   




NEWS ALERT
Initial Claims (000)
284K vs. 307K exp. vs. 301K (r 302 K) prev.
Continued Claims (mln)
2.500 vs. 2.510 exp. vs. 2.507 (r 2.508 ) prev.
Press Release



TTN: Live News Special Offer

Plovdiv Gotin 12:30 GMT July 24, 2014
EUR Heat Map

Mtl JP/Congretulation for your 1.3441 from yesterday. Now what? 1.3415/1.3370/1.3278/1.319 or....TIA.

GVI Forex john 12:27 GMT July 24, 2014
Risk On/Off Heat Map

FWIW July 2015 Fed Funds futures have not been impacted much by the 10-yr penetration of the 2.50% line. They still show 100% odds of a +25bp rate hike by then PLUS 38% odds of an additional +25bp increase.

GVI Forex john 12:13 GMT July 24, 2014
Agree or Disagree? USDJPY
Reply   
USDJPY to S&P correlation working very closely now that the market is stating to move again. Odds are Weekly Jobless Claims will not be a market-mover.

GVI Forex john 11:57 GMT July 24, 2014
Risk On/Off Heat Map

Heading into NY.

U.S. 10-yr 2.485%
S&P trying to rally.

nw kw 11:18 GMT July 24, 2014
currency car wars
Reply   
The hot days of summer have brought even hotter deals, especially on models whose current days are numbered. Crazy to think that{ 2015 models will start arriving in a few weeks,} if they aren’t already available yet.

USD Markit US Manufacturing PMI (JUL P)

GVI Forex Jay Meisler 11:02 GMT July 24, 2014
My Video Updates
Reply   
There are two videos today, GBPUSD and EURUSD

Send me an email to get copies EMAIL

GVI Forex john 10:26 GMT July 24, 2014
EUR Heat Map

JP- It is so declared OFFICIALLY.

We are in the midst of currency wars.

nw kw 10:21 GMT July 24, 2014
EUR Heat Map

gbp was getting slammed from its det plan// gbp/usa weekly pivot 1.6914

Mtl JP 10:20 GMT July 24, 2014
EUR Heat Map

john 10:13 what will it take for global-view to declare currency wars going on ?

GVI Forex john 10:13 GMT July 24, 2014
EUR Heat Map

Note sharp decline in kiwi vs. EUR after RBNZ strongly talked down the NZD after hiking rates earlier today. Also signaled a pause in tightening cycle.

Mtl JP 10:13 GMT July 24, 2014
July 2014 China flash HSBC PMI

just one more example of systemic rot at the core of governments, societies and economies:

Insolvent Chinese Construction Company Gets Last Minute Bailout, Avoids China's Second Bond Default - zh

GVI Forex john 10:09 GMT July 24, 2014
EUR Heat Map
Reply   
Forex market from EUR Perspective. EUR higher on the day across the board after PMIs. Spot to 20-day average remains negative, except vs. AUD.




GVI Forex Blog 09:53 GMT July 24, 2014
Global Markets News
Reply   
The Major European PMI data helped the EUR currency move off recent lows. Markets were looking for modest corrections in today's data. The EUR/USD moved off 8-month lows as it held above its 200-week moving average of 1.3426 to trade at 1.3480 just ahead of the NY morning

TradeTheNews.com EU Market Update: Major European PMI data beats expectations; UK Jun retail sales disappoints

Hong Kong AceTrader 09:44 GMT July 24, 2014
Acetrader Jul 24: Intra-Day Market Moving News and Views EUR/USD
Reply   
Intra-Day Market Moving News and Views

24 Jul 2014 08:57GMT

EUR/USD - An EU source says 'German government believes EU cud move to sanctions on sectors of Russian economy by end of July; Germany government favours a time limit on how long new Russian sanctions should last.'

24 Jul 2014 07:55GMT
EUR/USD - ... Euro has swung from loss to gain in volatile European trading.

Although euro bears gave the single currency a broad-based bashing following FT headline of tough EU sanctions on Russia, price easily penetrated option barrier at 1.3450 n hit a fresh 8-month trough of 1.3438, however, better-than-expected Germany mfg & serv. PMIs triggered a wave of short-covering, euro quickly climbed above Asian 1.3463 high, then yesterday's top at 1.3474 to 1.3476.

Offers are noted at 1.3470/80 n these are fully absorbed, stops above 1.3491/96 may be hit. Bids are seen at 1.3460-50 n more below, suggesting choppy sideways trading may continue in European morning.

Germany manufacturing n services PMI came in better-than-expected at 52.9 n 56.6 vs forecasts of 52.0 n 54.5 respectively.

Amman Amman 09:20 GMT July 24, 2014
S&P 500 trading plan
Reply   
If the S&P 500 (CME:SPU14) holiday high’s retest is forming a top… then its rejection should be obvious by Thursday afternoon. So should the opposite.


Pattern points (Setups and technicals)

Did the impending post-close Facebook (FB) earnings inhibit Wednesday afternoon from ranging? The likelihood of July 3’s retest also visiting 1982.00 was fulfilled in the morning. Its noon hour reaction was largely retraced during the bias environment. But then a narrow 1981.00-1982.50 range strangled price action through the close.

None of which is either bullish or bearish. But some of it is predictive. For example, we do know that 1982.00 is influential — more as a magnet than as a repellant or accelerator, but influential, nonetheless. Immediately trending down would be likely to recover to fresh highs, even if only to touch 1984.75. Similarly, testing 1984.75 and THEN trending down would be credible for extending.

That is juxtaposed by another predictive example. Wednesday’s last three or even four timing windows overlapped each other at relevant time points (e.g. the bias environment’s exit, the final hour’s entry). So, unless trending is established at Thursday’s open, its entire morning will be vulnerable to resuming a relatively narrow directionless range. This is regardless of gapping up or down — in fact, the two days tend to be interrupted by a gap. Trending through the open would break this grip.

tools

Mtl JP 09:19 GMT July 24, 2014
Lady Ashton & her Sanctions on Russia
Reply   
City of London to bear the brunt of EU sanctions on Russia
The City of London will bear the brunt of new European Union sanctions aimed at cutting off Russia's banks from financing under proposals discussed by ambassadors in Brussels today
-
but she will "earn" £400,000 at the taxpayer's expense over next three years for doing nothing after her term at the end of 2014.
--
I am still waiting for Vlad to demand prepayement in physical Gold.
Eliminate that pesky counterparty risk.

GVI Forex Blog 09:19 GMT July 24, 2014
PMI Data So Far Mostly Better than Expected. Active Data Day for U.S.
Reply   
HIGH IMPACT NEWS: US- Weekly Claims, fl PMI, New Homes Sales

The U.S. sees a full data calendar that features Weekly Jobless data, flash Manufacturing PMI and New Homes Sales. The Reserve Bank of New Zealand raised rates by +25bp to 3.50% as widely expected but also talked the kiwi down strongly and signaled a pause in policy tightening.

PMI Data So Far Mostly Better than Expected. Active Data Day for U.S.

GVI Forex john 09:01 GMT July 24, 2014
Risk On/Off Heat Map
Reply   

Early Thursday in Europe, traders are digesting generally stronger than expected EZ and German flash PMI data. As a result markets seem to be moving into a risk-on posture. The EURUSD is up modestly.


  • Yields in prime Eurozone fixed income markets are mostly higher, but remain well below levels from early last week .Yields on the European periphery are mostly steady. .EZ 10-yr 1.17%, +2bp.
  • The U.K.10-yr gilt  yield is 2.58%  +2bp. A +25bp BOE rate hike is still expected by yearend.
  • U.S.10-yr  yield  is 2.48%,  +2bp.
  • Equities closed mostly higher in the Far East. Bourses in Europe are up. U.S. shares 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).


GVI Forex john 08:38 GMT July 24, 2014
June 2014 UK Retail Sales

U.K. Retail Sales data miss street estimates. GBPUSD down.

london red 08:32 GMT July 24, 2014
uk retail sales

eurgbp 10 day ma 7916
cable fib 93 should hold in US pmi.

GVI Forex john 08:31 GMT July 24, 2014
June 2014 UK Retail Sales
Reply   




-- NEWS ALERT --

mm: +0.10% vs. +0.30% exp. vs. -0.50% prev.
yy: +3.60% vs. +3.90% exp. vs. +3.90%(r +3.70%) prev.

x-fuel
Mfg mm: -0.10 vs. +0.30% exp. vs. -0.50% prev.
Mfg yy: +4.00% vs. +4.60% exp. vs. +4.70%(r 4.50% prev.


RELEASE: UK Retail Sales


TTN: Live News Special Offer


Direct links to primary data sources

GVI Forex john 08:28 GMT July 24, 2014
uk retail sales

pre-data...
GBPUSD 1.7036
EURGBP= .7905

GVI Forex john 08:24 GMT July 24, 2014
July 2014 Flash PMI date
Reply   
Generally better than expected except for Japan and France. Germany a big upside surprise in services.

london red 08:21 GMT July 24, 2014
uk retail sales
Reply   
looking for a miss here into data, not a big one maybe but enough for a lower lower. with gdp tomorrow will be buying dip again.
res at 64 75 supp 24 15 (fig) and 6993.

GVI Forex john 08:19 GMT July 24, 2014
July 2014 China flash HSBC PMI

EARLIER: HSBC flash PMI improves.

GVI Forex john 08:15 GMT July 24, 2014
July 2014 Japan flash PMI

EARLIER: Japan flash PMI. Second-tier release but misses estimates. Above 50...

GVI Forex john 08:11 GMT July 24, 2014
July 2014 EZ Flash PMI Estimates

EZ, GE flash Mfg PMIs. Germany up.



EZ, German and French flash Services PMIs Germany up strongly.

Auckland 08:08 GMT July 24, 2014
24/07/2014 Gold and silver analysis MMI GROUP
Reply   
24/07/2014 Gold and silver analysis
MMI GROUP
gold

In early trading, the dollar index continued to rise at a rapid rate, European markets overnight rise generally, while the dow Jones fell, the geopolitical no big news, gold lost the main driver force of rose, While U.S. stocks to an all-time high, a safe-haven demand fall in gold and silver prices.
According to data from the monitoring of Gold ETFs On24 July, until 23 July Gold holding of Gold ETF Gold Trust is about 1314.34 tons, 0.6 tons of increase from the previous session.
Technical MMI GROUP trust team think the gold from the downward trend since the 17 July to complete, has the potential to further test the 1292 line, if it break down, then it will open further downside.
The upward resistance: 1302, 1310.40, 1313.80,
The downward support: 1268.40, 1268.40, 1258.60

Silver:
On 24 July of Silver Trust, according to data released on 23 July of Silver Trust Silver holdings of 23, 9989.26 tons, compared with the previous unchanged; the silver holds a total value of $6.719 billion.
Silver break down to 21.10 yesterday, but stop at 21.10 above, the current oscillation morphology formation of enclosure, due to insufficient power direction is not obvious; so I suggest waiting and seeing.
The upward resistance: 21., 21.30, 21.60,
The downward support: 20.60, 20.10,

This article only represents the personal point of author, for reference only, not as a basis for the investment. Enter the market accordingly at your own risk.

GVI Forex john 08:01 GMT July 24, 2014
July 2014 EZ Flash PMI Estimates
Reply   




ALERT
EZ
mfg: 51.9 vs. 51.7 exp. vs. 51.8 prev.
svc: 54.4 vs. 52.7 exp. vs. 52.8 prev.

France
mfg: 47.6 vs. 48.0 exp. vs. 48.2
svc: 50.4 vs. 48.2 exp. vs. 48.2

German
mfg: 52.9 vs. 51.9 exp. vs. 52.0
svc: 56.6 vs. 54.5 exp. vs. 54.6


Markit PMI Press Release



TTN: Live News Special Offer

SaaR KaL 08:00 GMT July 24, 2014
always 200 Pips too early
Reply   
Seems always 200 Pips too early
Eurusd Longing 1.3320 to 1.3240
Cable from 1.6820 and lower
USDCHF short from 0.940 and above

GVI Forex john 07:57 GMT July 24, 2014
July 2014 Japan flash PMI
Reply   




EARLIER NEWS ALERT
50.8 vs. 51.9 exp. vs. 51.5 prev.

Markit PMI Press Release



TTN: Live News Special Offer


Direct links to primary data sources

GVI Forex john 07:55 GMT July 24, 2014
July 2014 China flash HSBC PMI
Reply   




Earlier
HSBC: 52.0 vs. 51.2 exp. vs. 50.7 prev.


TTN: Live News Special Offer

london red 07:42 GMT July 24, 2014
euro
Reply   
pmi squeeze will run into res at 3475. plenty of sellers lurking. but if taken 90-00 represents a good level to play US pmi later. ultimately 10 day ma should cap any stop led rally.

london red 07:26 GMT July 24, 2014
kiwi holds 8568 fib on first test. should yield a good bounce if continues to hold. this stands in the way of the 200 day over a figure lower, the next real support.

GVI Forex Blog 07:16 GMT July 24, 2014 Reply   
- (CN) CHINA JULY HSBC/MARKIT FLASH MANUFACTURING PMI: 52.0 V 51.0E (18-month high) >- (NZ) NEW ZEALAND CENTRAL BANK (RBNZ) RAISES OFFICIAL CASH RATE BY 25BPS TO 3.50%, AS EXPECTED - (NZ) NEW ZEALAND

TradeTheNews.com Asian Market Update: RBNZ talks down the kiwi dollar; China flash Manuf PMI hits 18-month high; South Korea announces major stimulus - Source TradeTheNews.com

london red 06:52 GMT July 24, 2014
french pmi
Reply   
french pmi has been underperforming vs other indicators, so good chance of a beat here c. 50. but might not do much for the euro as far as upside is concerned, might return to the former barrier at 3450.

jkt abel 05:37 GMT July 24, 2014
USD/JPY

bought usdjpy 101.45, limit buy more 101.10-101.30, stop all below 100.75, target open

Hong Kong AceTrader 02:06 GMT July 24, 2014
AceTrader Jul 24: Intra-Day Market Moving News & Views & data to be released today
Reply   

Intra-Day Market Moving New and Views USD/JPY AUD/USD

24 Jul 2014 00:42GMT

USD/JPY - 101.53... BoJ's board member Shirai gave the following statements:
'BoJ sees long-term inflation expectations in moderate rising trend, must closely monitor whether this trend will continue;
transforming public's deflation mindset will take some time but positive developments gradually starting to spread;
BoJ's goal of "sustaining 2% inflation in stable manner" is equivalent to stabilizing long-term inflation expectations at around 2%;
assigning too many objectives to monetary policy without allocating sufficient policy tools may be potentially problematic.'

Japan June trade balance -822.2 bln yen, exports -2.0% y/y n imports +8.4%.


24 Jul 2014 01:54GMT
AUD/USD - .... Despite Aussie's retreat from yesterday's high of 0.9463 ahead of Asian open, price staged a strong rebound from 0.9435 after release of better-than-expected China HSBC manufacturing PMI and rose to 0.9470.

China HSBC July flash PMI came in at 18-month high of 52.0.


Thursday will see NZ RBNZ rate decision, trade balance, imports, exports, Japan exports, imports, manufacturing PMI, China HSBC manufacturing PMI, France manufacturing PMI, services PMI, Germany manufacturing PMI, services PMI, EU manufacturing PMI, services PMI, Italy retail sales, UK retail sales, U.S. jobless claims, manufacturing PMI and new home sales.

KL KL 02:04 GMT July 24, 2014
SELL AUDUSD!!!>>>
Reply   
meanwhile short AUDUSD again the POP......9467 relentless sell aussie...last post busy day...very busy..>>>

no problem shorting aussie battler dollar here and covering now .9463

going to play this .9468-9463 till cows come home...its call relentless Ninja HFT Scalping.....LOL...DYOR..DFM..imvho and gl gt

KL KL 02:04 GMT July 24, 2014
SELL AUDUSD!!!>>>
Reply   
meanwhile short AUDUSD again the POP......9467 relentless sell aussie...last post busy day...very busy..>>>

no problem shorting aussie battler dollar here and covering now .9463

going to play this .9468-9463 till cows come home...its call relentless Ninja HFT Scalping.....LOL...DYOR..DFM..imvho and gl gt

GVI Forex 01:47 GMT July 24, 2014
China PMI
Reply   
MNI: HSBC CHINA JULY FLASH PMI 52.0 VS JUNE FINAL 50.7

AUD pops higher

Syd 01:00 GMT July 24, 2014
Psst. Want to buy a cheap Aussie dollar?
Reply   
Psst. Want to buy a cheap Aussie dollar? Well, you might have to wait for Christmas, and wouldn’t it make a nice present for you if you were heading to the States over the holidays? Not!

But it would be good for your stock portfolio and your super funds as many companies that are dollar sensitive, such as BHP, Rio, Woodside, Santos, Flight Centre, QBE, CSL and a whole lot more would push our S&P/ASX 200 index higher.

Note, the Americans are in all-time high territory for the Dow Jones Index and the S&P 500, but we are still only at 5576.7 when our all-time high of November 2007 was 6828.7. That means we are 1252 points away from our best-ever close.

History says stock markets will beat previous highs before they dive again, though the Nasdaq and the Japanese stock market have shown that does not always happen. However, those markets were historically significant bubbles and our market has never gone near that sort of thing.

Experts I trust argue that the next leg up will be when our dollar dives and it’s likely when the Americans have such a strong economy that the Fed boss, Janet Yellen, starts to raise interest rates.

GVI Forex Blog 00:32 GMT July 24, 2014
Forex News
Reply   
* NZ dollar falls sharply after RBNZ sounds less hawkish

* RBNZ lift rates again but presses pause button

* G3 currencies sidelined in absence of fresh drivers * Next focus on China PMI, due 0145 GMT

FOREX-Kiwi hits skids, others buy time before China PMI

 




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