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Forex Forum Archive for 01/16/2015

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


GVI Forex john 23:40 GMT January 16, 2015
BREAKING NEWS

MONDAY
US Holiday
TUESDAY
2:00 CN GDP 4Q14 Widest economic measure
21:45 NZ 4Q CPI RBNZ target
WEDNESDAY
4:30 JP Bank of Japan Poicy Decision
9:30 GB ILO Unemploy U.K. Jobs
9:30 GB BOE Minutes Latest BOE vote
13:30 US House Starts & Permits Housing forecast
15:00 CA BOC Rates+MPR No change seen
THURSDAY
12:45 EZ Europe Cntl Bank QE ?
13:30 US Initial Claims Weekly Employment
16:00 US EIA Crude mn Oil Forecast
FRIDAY
1:35 JP flash PMI Current economic view
1:45 CN HSBC flash PMI Current economic view
8:00 FR MFG PMI flash Current economic view
8:00 FR SVC PMI flash Current economic view
8:28 DE MFG PMI flash Current economic view
8:28 DE SVC PMI flash Current economic view
8:58 EZ flash MFG PMI Current economic view
8:58 EZ flash SVC PMI Current economic view
9:30 GB Retail Sales Consumer Demand
13:30 CA BOC CPI y Policy Target
14:45 US Mfg MKt PMI flash Current economic view
15:00 US Existing Homes Housing measure

GVI Forex john 21:43 GMT January 16, 2015
CURRENT CONDITIONS: Mixed Risk

GVI Forex 21:31 GMT January 16, 2015
FXCM Gets $300 Million Bailout From Leucadia After Swiss Shock

FXCM shares trading down 70% on the day at $3.80 in after market trading.

GVI Forex 21:26 GMT January 16, 2015
FXCM Gets $300 Million Bailout From Leucadia After Swiss Shock
Reply   
Leucadia National Corp. gave FXCM Inc. a $300 million cash infusion, extending a lifeline to the currency brokerage hobbled by the Swiss central bank’s decision to let the franc trade freely against the euro.

FXCM Gets $300 Million Bailout From Leucadia After Swiss Shock

GVI Forex john 20:50 GMT January 16, 2015
CHART POINTS: Free Forex 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 20:49 GMT January 16, 2015
Commitment of Traders Report

OUCH

SF

GVI Forex john 20:43 GMT January 16, 2015
Commitment of Traders Report
Reply   

Commitment of Trader Report Charts Trader Positions: EUR, JPY, CHF, GBP


Net EUR JPY COT Positions



Click on chart for EUR COT Details






Click on chart forJPY COT Details



X+++++
Net GBP and CHF COT Positions





Click on chart for COT Details







Click on chart for COT Details


Net AUD and CAD COT Positions





Click on chart for COT Details







Click on chart for COT Details




G+++++

Commitment of Trader Report Charts Trader Positions: CAD, AUD, Gold, Oil


Net Crude, Gold, S&P and 10-yr Positions







Click on chart for COT Details










Click on chart for COT Details










Click on chart for COT Details










Click on chart for COT Details




dc CB 20:32 GMT January 16, 2015
BREAKING NEWS

I stopped trading the SF (futures) when they set the peg. Seemed pointless, before it was an instant go-to at the first wiff of a crisis. Ironic that the SNB - SF this week blew up so many.

london red 20:28 GMT January 16, 2015
BREAKING NEWS

its important to get this clear. snb was on a hiding to nothing defending eurchf. but now they will concentrate on usdchf and the chf index. they do a third of business in US and this proportion along with china trade will grow. with austerity in europe and the likelyhood of recession, they are betting on growth outside of europe to help them out. from here, trade of the year could be usdchf, thats the one they will be defending if necessary.

dc CB 20:18 GMT January 16, 2015
BREAKING NEWS

BULLARD `NOT AWARE' OF FED RECEIVING ANY WARNING FROM SNB:BBG

GVI Forex john 20:17 GMT January 16, 2015
BREAKING NEWS

So now the SNB has to continue to feed the tiger and set a new floor?

You can't make this stuff up1

dc CB 20:17 GMT January 16, 2015
FXCM Said to Be in Talks With Jefferies for $200 Million Rescue


BATS GLOBAL MARKETS IN TALKS TO BUY FX TRADING PLATFORM HOTSPOT FROM KCG HOLDINGS KCG.N FOR NEARLY $400 MLN - SOURCES KCG.N - RTRS

Reuters just reported that none other than the HFT's bestest buddy exchange, BATS, which earlier this week was slapped with the biggest monetary penalty ever for continuing the practice of Hide Not Slide (at least until UBS' dark pool was slapped with an even bigger fine for conducting subpennying without informing most of its clients), is about to buy the FX trading platform of KCG, formerly Knight Capital which too blew up after one of its algos went haywire and blew up the firm in milliseconds.

Which, of course, is great news for all those who have stepped back from the rigged circus and merely enjoy "markets" for the comedic farce they have become. Because when the USDJPY suddenly trades from 115 to 0.0001 in 1 millisecond just because some frontrunning BATS algo went haywire, and causes the Bank of Japan to be margin called out of existnece, anyone who isn't laughing yet, will have no other choice.

Here Comes Johnny 5: HFT's Favorite Exchange BATS To Acquire FX Trading Platform

GVI Forex john 20:16 GMT January 16, 2015
BREAKING NEWS

SNB Jordan to be active in markets if neccssary

HK [email protected] 20:13 GMT January 16, 2015
AUD/NZD
Reply   


Probably will finish the week with an inside bullish day.

dc CB 20:12 GMT January 16, 2015
Into the close

Bullard tries for another Bullard Bottom:

*BULLARD: FED COULD RESUME UNCONVENTIONAL POLICY IF NEEDED
*BULLARD SAYS LESSON OF QE IS IT WORKS `FAIRLY WELL'
*BULLARD SAYS WAGES ARE LAGGING INDICATOR OF INFLATION
*BULLARD SAYS HE'S NOT EXPECTING `EXPLOSION' IN WAGE GROWTH
*BULLARD SAYS HE EXPECTS UNEMPLOYMENT WILL FALL BELOW 5% IN 2015

GVI Forex 20:11 GMT January 16, 2015
BREAKING NEWS

Lrucadiia provides $300 mln in financing to FXCM.

dc CB 20:10 GMT January 16, 2015
Into the close

The NY Post tweeted that "Federal Reserve head Yellen announces bail-in in emergency meeting, rumored negative rate to be set at 4pm EST today," and US equity markets briefly started to rise... followed by a tweet that "The Fed would peg the Dollar to the Swiss Franc" and "Chinese anti-ship missile fired at USS George Washington." Both seemed odd and shortly after, The NY Post had deleted the tweets and explained that it had been hacked...

The same tweets were also seen on the Twitter account of the wire service UPI.

Stocks Pop-And-Drop After NYPost "Fed Emergency Meeting" Twitter Hack

Livingston nh 20:02 GMT January 16, 2015
Into the close
Reply   
SPX 2015 close would drive USD/JPY higher - perhaps 118.50 (4hr chart 89 ema) -- stox closed on Monday so might try to compensate expected EU and Asian stox higher // wkly charts on EUR and Cable look to continue trend

HK [email protected] 19:44 GMT January 16, 2015
Do you like to pray for a change?
Reply   

Millions of pilgrims, are locked now in Tacloban city Philippines(many in an open area of the airport), waiting for the pope arrival.

But what for sure what will arrive is a severe tropical storm packing wind speed between 90 to 120 Km/hr and heavy rains.

And no one warns, and no one talks about it.

Are we facing a human calamity of biblical proportions.

Looks like silence of the authorities is a sign of severe panic.

london red 18:43 GMT January 16, 2015
USD/CHF

agree, when dust settles trajectory of swissy should be higher. in a perfect storm for dollar (q2 us inflation pickup/wages/fed action) the pair can move to parity again eventually. also it should be a cleaner risk on/off trade now that eurchf peg gone as will be free of euro woes. for eurchf ive seen projections of 95-parity range for this quarter.

Livingston nh 18:41 GMT January 16, 2015
USD/CHF

Hard to believe this guy won a Nobel -
"If you ask me, the Swiss just made a big mistake. But frankly — francly? — the fate of Switzerland isn’t the important issue. What’s important, instead, is the demonstration of just how hard it is to fight the deflationary forces that are now afflicting much of the world — not just Europe and Japan, but quite possibly China too. And while America has had a pretty good run the past few quarters, it would be foolish to assume that we’re immune." Krugman

Livingston nh 18:32 GMT January 16, 2015
USD/CHF
Reply   
It may take until next week for the CHF panic demand to subside but USD/CHF should be the first to "normalize" in the mid-90s

Chicago LS 18:31 GMT January 16, 2015
EUR/USD

Hourly MA + "scene of the crime" here also

GVI Forex Jay Meisler 18:21 GMT January 16, 2015
EUR/USD

EURUSD 200+ pips off its low (.9965) and offsets giving EURUSD a lift. SNB intervening or just short covering? Whatever the case, CHF crosses are driving the price action.

Livingston nh 18:02 GMT January 16, 2015
Week Ahead

red - a lot of CB folks miss the point that buying one's own sovereigns is FISCAL not Monetary in nature -- ECB has the great complication of multiple fiscal entities // good luck with this

london red 17:57 GMT January 16, 2015
Week Ahead

"buying assets that people dont want"

nh, but that would get to money to the people that need it and would be sensible to you and me. but it doesnt helped the puppetmasters (the banks) so its a non starter. despite the obvious problems of corruption and inflated prices, it could be worked, but much easier to buy bonds at record low yields and underpin the banks practises.

GVI Forex Blog 17:54 GMT January 16, 2015 Reply   
HIGH IMPACT NEWS RELEASES: US- MLK Holiday

GVI Forex Data Outlook for January 19, 2015

Livingston nh 17:52 GMT January 16, 2015
Week Ahead

Perhaps Draghi will see if he can QE like he did OMT -- "whatever it takes" jawbone??// maybe ECB wants to QE but "HOW?" may hold up an actual beginning

With interest rates at these levels buying sovereign bonds is the same as taking money out of circulation (DEFLATIONARY) so ECB must buy those "other things" that people don't want and can't spend

PAR 17:50 GMT January 16, 2015
New Record High on the DAX

The DAX is the new NIKKEI. With super Mario the sky is the limit . WEIMAR REVISITED .

GVI Forex john 17:41 GMT January 16, 2015
BREAKING NEWS



January 16, 2015 (global-view.com) UPCOMING DATA HIGHLIGHTS for mONday, January 19, 2015. Updated: Trading News Events Calendar

HIGH IMPACT NEWS RELEASES: US- MLK Holiday

  • Far East: No Major Data
  • Europe: No Major Data
  • North America: US- MLK Holiday


GVI Forex Blog 17:31 GMT January 16, 2015
Week Ahead
Reply   
•ECB to deliver QE following European Court of Justice’s ruling on OMT

•Market attention to shift to the Greek elections as Syriza leads

•Pick-up in domestic wage growth to provide counterbalance to falling oil prices

ECONOMIC DATA ANALYSIS - ECB TO ANNOUNCE QE, BUT WILL IT EXCEED EXPECTATIONS?

GVI Forex john 17:07 GMT January 16, 2015
CURRENT CONDITIONS: Mixed Risk
Reply   

16 January-- 17:00 GMT- Current Market Conditions
. Markets have been cautious as rthe aftermath of the SNB fiasco is sorted out. We have a pretty good handle now on the retail forex brokers, but have not heard much yet from the institutional market. There might be other shoes to drop.  More unwinding of the EURCHF cross is likely into the ECB decision on Thursday. The DAX has priced in additional monetary stimulus. Logically, markets remain in in a  MIXED RISK posture.  The Swiss SMI index has been hit hard again today, losing another 6.3%. U.S. equities and bond yields are higher.





The heat map color scheme of interest rates reflects yields.

dc CB 16:47 GMT January 16, 2015
BREAKING NEWS

so begins the Pre FMOC Tennis Match. NB: this meeting has no Presser after the anncmet.

WILLIAMS: APPROPRIATE FOR FED TO START RAISING RATES IN 2015

GVI Forex john 16:31 GMT January 16, 2015
Global-View Trading Systems

Pretty ridiculous S2 held
S2 1.1434 (1.1460 LOD)

GVI Forex john 16:27 GMT January 16, 2015
Global-View Trading Systems



USD Pivot Points, Support and Resistance Levels. Chart Point tables. Chart icon stores in browser tab.


Using Pivot Points in Forex Trading:
A Simple but Effective Trading System





Paris ib 16:26 GMT January 16, 2015
New Record High on the DAX

Record close on the DAX right here.

Paris ib 16:25 GMT January 16, 2015
OIL - is it over?

Falling EURO, rising OIL, rising GOLD and maybe a kick on in commodities generally and you can kiss deflation good bye in the Euro Zone (not that we had any in the first place, what with rising charges and taxes). I wonder if Draghi goes all in - does the total sell out - and talks nonsense on Thursday. You know: deflation and other junk.

Israel Dil 16:15 GMT January 16, 2015
e/u

Hey purk


Did you read my personal comment for you yesterday about e/u entries?

Israel Dil 16:12 GMT January 16, 2015
FXCM Said to Be in Talks With Jefferies for $200 Million Rescue

hahaha

fxcm thinks small, very small... They would say they need 200B and Obama had already sent Michelle with cash helicopter or just a scooter. ...

dc CB 16:06 GMT January 16, 2015
BREAKING NEWS

maybe profit taking to cover some losses elsewhere or .... something else


OPEX in Stox/Indexes playing out. If you look at Wed afternoon post 30Y auction, Stox began the upmove toward removing all the Risk Premium into Fri expiry. The SNB overnight suprise put the kibosh on that, if not yesterday would've been an Green Day.

Jamming all "momentum ignition" triggers today in an attempt to salvage that game...esp USD/JPY - fav trigger...IMHO

GVI Forex 16:06 GMT January 16, 2015
FXCM Said to Be in Talks With Jefferies for $200 Million Rescue
Reply   
FXCM Inc. (FXCM), the largest U.S. retail foreign-exchange brokerage, is in talks to raise about $200 million from Jefferies, people with knowledge of the matter said.

The people asked not to be identified discussing private information.

FXCM Said to Be in Talks With Jefferies for $200 Million Rescue

london red 16:00 GMT January 16, 2015
BREAKING NEWS

option premiums still at noon levels. so they are still expecting further action. but with these premiums odds stack against you.

USA ZEUS 15:54 GMT January 16, 2015
EUR/USD

Added final EUR/USD long installment at 1.1477

Livingston nh 15:51 GMT January 16, 2015
BREAKING NEWS

Buyer's remorse for the lucky folks in this week's Treasury auctions ?? - maybe profit taking to cover some losses elsewhere or .... something else

USA ZEUS 15:50 GMT January 16, 2015
OIL - is it over?

hk nt 15:42 GMT 01/16/2015

Most traders use the monthly average (especially physical traders) and not an intra-day high peak price.

Cheers!

Paris ib 15:50 GMT January 16, 2015
OIL - is it over?

30-60? 45 might hold your downside and that means 60 isn't anywhere near the top. This is not supply and demand this is all geopolitics. OIL hasn't been a free market for a good long time. So upside probably more like 80.

jkt abel 15:47 GMT January 16, 2015
OIL - is it over?

LOL, blackswan today for euro

Amsterdam Purk 15:47 GMT January 16, 2015
e/u

first buy e/u 11478. Later more. Or 11450/11440/11420/11385 the largest bit.
Good luck

Israel Dil 15:45 GMT January 16, 2015
calling it a week
Reply   
Enjoy the weekend ;)

hopefully I was kind of assistance for some....


MM

hk nt 15:42 GMT January 16, 2015
OIL - is it over?

Oil price has already lost 60% from last summer high and. .stands just $10 above 2009 low

london red 15:40 GMT January 16, 2015
OIL - is it over?

i would say gold bid same reason as chf. while oil, a global slump doesnt bode well for a sustained rebound. i think 30-60 is the range for the year while opec sit on hands. dont forget plenty of profit taking going on to cover chf losses and oil has been a good strong one so a perfect candidate. and it started moving day before snb.

USA ZEUS 15:38 GMT January 16, 2015
OIL - is it over?

...and perhaps time t bid silver the most.

Cheers!

USA ZEUS 15:37 GMT January 16, 2015
Broker News

Thought FXCM and several other bucket shops were hanging their hats on being a "true ECN" where trades were marked up and routed directly to the offsetting bank, leaving them with little to no exposure.
Just goes to show that they (bucket shops) do not always operate as they say(sell). Keeping positions to cross internally and NOT hedging the net exposure was probably shown to save on cost and came with a hefty bonus, even though they lost everything for doing it.

Paris ib 15:35 GMT January 16, 2015
OIL - is it over?

I don't know red. I think you can throw out the rule book we are not dealing with normal markets. GOLD bid, OIL bid more.

london red 15:33 GMT January 16, 2015
OIL - is it over?

oil not going abv 60 for a long time.
yen. uptrend reaffirmed abv 118.10. think its too early for that so looking to sell 118 stop over 10/15

Paris ib 15:31 GMT January 16, 2015
OIL - is it over?
Reply   
Bottom holding in the OIL market?

GVI Forex Jay Meisler 15:19 GMT January 16, 2015
USD climbing

EURCHF is helping to drive EURUSD lower

Paris ib 15:18 GMT January 16, 2015
Decoupling

U.S. and European stock market decoupling continues.

Amsterdam Purk 15:18 GMT January 16, 2015
e/u
Reply   
Tick, tick tick, overshoot, tick. Streching and more streching. 114 will come, and than, well we know what comes...

Paris ib 15:13 GMT January 16, 2015
USD climbing
Reply   
Charlie Hebdo journalists having a good laugh. As you do if you've just witnessed a massacre.

TIC data out today at close of market. Could be interesting.

USD on a roll here. EUR/USD hasn't bottomed yet. Market doing Draghi's job for him?

Good laugh at 00:38

GVI Forex john 15:06 GMT January 16, 2015
BREAKING NEWS

U.S. Data Charts
University of Michigan Sentiment. Preliminary December Michigan Survey up strongly. Data subject to revision in about two weeks.


GVI Forex john 15:01 GMT January 16, 2015
BREAKING NEWS

Big beat by the U of M

GVI Forex john 15:00 GMT January 16, 2015
BREAKING NEWS

Preliminary University of Michigan Sentiment Index January 2014

U.S. Data Charts




NEWS ALERT
98.2 vs. 94.1 exp. vs. 93.6 prev


RELEASE: Index of Consumer Sentiment


TTN: Live News Special Offer

Paris ib 14:59 GMT January 16, 2015
Broker News

CB - and you can assume they made mega bucks.

Whatever Draghi does has got to be a market disappointment given current levels.

dc CB 14:58 GMT January 16, 2015
Broker News

Draggi has been threatening...hinting...winking about Printing, it wasn't a sudden unanticipate "suprise" "unexpected" (seems to be two of the most popular words of 2015) printing orgy.

Abenomics crushed the Yen, but there was plently of time to postion. The SNB basically "invaded Czechoslovakia" as they asssured all that the Peg would remain intact.

Paris ib 14:57 GMT January 16, 2015
Broker News

John - but they knew and were 'at worst' fully hedged with maybe a bit extra on the side.

GVI Forex 14:56 GMT January 16, 2015
EUR/USD

EURCHF testing .99

GVI Forex john 14:55 GMT January 16, 2015
Broker News

Of course as usual, the SNB did not consult with me! lol

Paris ib 14:52 GMT January 16, 2015
New Record High on the DAX
Reply   
Meanwhile the Ukraine is now drafting soldiers (50.000 apparently), France just upped its military spending (in no small part because of the Charlie Hebdo false flag and the successful public relations campaign), the EUR/USD makes a new multi year low and the entire universe now believes that some new kind of policy will be announced by Draghi next Thursday. To achieve what? It's not clear. Lower Euro (got that already), lower bond yields, same..... surreal does not begin to explain where we are right now.

France boosts military spending

GVI Forex john 14:52 GMT January 16, 2015
Broker News

The SNB had the choice not to peg the CHF to the EUR in the first place, Anyone with a functioning brain would have known that there would be no way to get out from under it. We have seen this story many times before.

GVI Forex Jay Meisler 14:51 GMT January 16, 2015
Broker News

red perfect logic why the SNB pulled the plug but timing screwed all but those in the know.

london red 14:45 GMT January 16, 2015
Broker News

snb had no choice, hand forced by ecb. its one thing buying up the euro but other trying to do that while ecb prints. but if anone can get away with it, its the swiss. a bit different to other economies in europe.

USA ZEUS 14:43 GMT January 16, 2015
EUR/USD
Reply   
Added EUR/USD long at 1.1546

dc CB 14:38 GMT January 16, 2015
Broker News

I don't think it is a joke.

But the SNB did execute a CON in the truest sense of the word.

london red 14:34 GMT January 16, 2015
Broker News

lesson here is if you are serious move to a true exchange. by all means use a bucket thats pay out for days like yesterday, but day to day trading should take place elsewhere. for me a bucket is where the broker takes the other side, whether thats partly or fully. its not always clear who is a bucket and who isnt, as the biggest market themselves v well. john and jay can provide further info of who to avoid.
eurjpy. hiting stops below 134 after cut becomes a risk if we get a new lod. yen fighting at 50 hour ma, it as well should make move after cut.

jkt abel 14:30 GMT January 16, 2015
Broker News

so byebye fxcm? refco part 2, some things never change

GVI Forex john 14:26 GMT January 16, 2015
Broker News

Sorry "com"

CB- this is a important to many of our members who have personal exposure to these firms. I don't think it is a joke.

dc CB 14:24 GMT January 16, 2015
Broker News

"President Glen Stevens says Forex,con "fared well""

is that a Freudian Typo. or did he really slip and say that the CON faired well.

GVI Forex john 14:20 GMT January 16, 2015
Broker News

Gain Capital (Forex.com) on CNBC. President Glen Stevens says Forex.com "fared well".

GVI Forex john 14:16 GMT January 16, 2015
BREAKING NEWS

U.S. Industrial Production & Capacity Utilization December 2014

U.S. Data Charts




ALERT
Ind Production: -0.10%vs. +0.00% exp. vs. +1.30% prev.
Capacity Utilization: 79.7% vs. 80.2% exp. vs. 80.1% (r 80.0%) prev.
RELEASE: Industrial Production & Capacity Utilization



TTN: Live News Special Offer


GVI Forex john 14:09 GMT January 16, 2015
CURRENT CONDITIONS: Risk-Off

10-yr 1.754% +1.5bp (was 1.710% earlier)
S&P futures -8 (was -8 earlier)

Financial markets generally taking CHF story in stride. Main focus remains the impact on individual retail forex brokers. We are all still trying to sort that out.

Livingston nh 14:01 GMT January 16, 2015
BREAKING NEWS

A caution from the DARKSIDE - the Fed is practicing "price control" in credit markets - price control in the '70s didn't work out so well and yesterday was the most recent example of the consequences of "loss of control" // The Fed's preferred rate is CORE PCE -- the first quarter is usually a period of higher inflation and this year we have a lot of unrelated issues w/ inflationary impacts (minimum wage, affordable health care, etc) in Q1 -- the GDP deflator for Q4 should be under 1% which suggests a 4+% "real"GDP, Fed new labor indicator was 6.1 (a big jump) and JOLTS was much higher

The DATA may give the market pause even if the Fed can't see -- the potential gain in Treasuries is capped but the potential loss is open ended - the Baa is moving higher and Aaa may be next before the market gets nervous about the Fed // the PCE declined during Ben's QE adventure -- now we see what havoc "only a trillion dollars" can wreak

One way trades usually end up at the cliff

dc CB 13:59 GMT January 16, 2015
FED SPEAKER

(Reuters) - The Federal Reserve should keep rates near zero for all of 2015, Minneapolis Fed President Narayana Kocherlakota reiterated on Friday, or risk slowing U.S. job growth and inflation's return to the Fed's 2 percent goal.

PAR 13:49 GMT January 16, 2015
EURJPY
Reply   
Long EURJPY at 135.35 before the long US weekend .

GVI Forex john 13:38 GMT January 16, 2015
BREAKING NEWS

In the chart below, All three inflation measures are considered by the Fed.

GVI Forex john 13:36 GMT January 16, 2015
BREAKING NEWS

U.S. December CPI softer than expected due to falling oil price. I don't see how the Fed can even THINK about raising rates while prices are falling for whatever reason!

U.S. Data Charts

Mtl JP 13:35 GMT January 16, 2015
BREAKING NEWS

your doubts have doubled "??" lol
-
good for stocks ... expect FED remain in easy mode

london red 13:35 GMT January 16, 2015
BREAKING NEWS

key is to watch this dollar rebound and see if they sell into it. plenty nursing losses some of which will need putting right by close today. for yen watch res at 200 hour ma.

PAR 13:35 GMT January 16, 2015
BREAKING NEWS

Core +1.6% on a year is close to the FED 2% target .

GVI Forex john 13:32 GMT January 16, 2015
BREAKING NEWS

Looks deflationary to me??

GVI Forex john 13:31 GMT January 16, 2015
BREAKING NEWS

U.S. Consumer Price Index December 2014

U.S. Data Charts




ALERT
Headline:
m/m: -0.40% vs. -0.30% exp. v -0.30% pre
y/y:+0.80% vs. +0.70% exp. v +1.30% pre
Core:
m/m:0.0% vs. +0.10% exp. v +0.10% pre
y/y: +1.60% vs. +1.80% exp. v +1.70% pre


RELEASE: Consumer Price Index


TTN: Live News Special Offer

Maribor 13:23 GMT January 16, 2015
Broker News

I would expect all equity markets to be efected and should suffer losses in the next days.

GVI Forex john 13:22 GMT January 16, 2015
Global-View Trading Systems
Reply   


EUR Pivot Points, Support and Resistance Levels. Chart Point tables. Chart icon stores in browser tab.


Using Pivot Points in Forex Trading:
A Simple but Effective Trading System





Mtl JP 13:16 GMT January 16, 2015
FED SPEAKER

3 yakkers on deck today - how did they know players wanted to hear from them ?
-
US CPI at bottom of hour, things could get jumpy

GVI Forex Jay Meisler 13:15 GMT January 16, 2015
Broker News

From DirectFX

Dear Trader,

At this point you have probably heard about the extreme market conditions from earlier today. At 11:30 platform time (GMT +2) the Swiss National Bank removed the floor at 1.20 on the EURCHF currency pair. This event caused CHF crosses to experience extreme volatility and above average spreads. Being an STP firm we rely on our top tier liquidity providers for pricing, execution, and overall stability. Our liquidity providers and IT department did an excellent job of making sure our prices continued to stream and servers remained operational. Direct FX as a whole did an excellent job of handling a situation many firms were unprepared for.

If you have any questions or concerns please do not hesitate to contact our dedicated support staff.

Warm Regards,

Direct FX Trading

London Chris 13:13 GMT January 16, 2015
Broker News

Red I would be surprised if many had those positions on when the shite hit the fan. Let's see what the COT report shows later.

Most were probably short chf on crosses, gbpchf a favored one. There was no chance to exit.

london red 13:09 GMT January 16, 2015
Broker News

not problems are down to client losses. in fact, given the nature of retail traders, a lot of accounts had long eurusd and short usdchf positions. now usually this would have tied in to the theory that 95% of retail accounts lose but in this unique situation some accounts registered huge gains on short usdchf positions which they were unable to hedge (and quite possibly depending on which broker, were never expected to be fully hedged given the nature of the business and likelyhood of client losses).

london red 13:00 GMT January 16, 2015
Broker News

from what i here cmc and ig took a hit but are still alive, while plus500 and ironfx claim to be unaffected. lmax also unaffected but youd expect this being a true exchange.

GVI Forex Jay Meisler 12:53 GMT January 16, 2015
Broker News

Statement from Oanda

In the wake of unprecedented market events this morning, OANDA demonstrated its ongoing commitment to doing right by its clients. Despite suffering losses and vanishing liquidity in the institutional hedging market, OANDA remained true to its 14-year legacy of transparency, integrity and fairness to our clients. OANDA did not re-quote or amend any CHF cross client trades. We even took the further step of forgiving all negative client balances that were caused when clients could not close out their positions fast enough*.

Client inquiries are being handled normally and those making withdrawals and deposits are able to do so as normal.

OANDA is proud of its strong reputation for fairness and integrity. We thank our customers for their continued loyalty and welcome new traders who want to experience outstanding service and execution.
Specific questions about individual fxTrade accounts will be addressed by our Client Experience team via http://www.oanda.com/corp/contact/.

* Where permitted by regulations

dc CB 12:50 GMT January 16, 2015
Broker News

Update: 2 more FX brokers have just gone belly up, UK-based Calpari and New Zealand's Excel Markets.

Update: A 3rd FX broker - Canadian firm OANDA says suffered loss on Swiss Franc move...

Numerous FX Brokers Shutter After Suffering "Significant Losses" Following SNB Stunner

GVI Forex 12:47 GMT January 16, 2015
Broker News

FXCM

FXCM Comments on Swiss Franc Movement
NEW YORK, Jan. 15, 2015 (GLOBE NEWSWIRE) -- FXCM (NYSE:FXCM) an online provider of forex trading and related services worldwide, announced today due to unprecedented volatility in EUR/CHF pair after the Swiss National Bank announcement this morning, clients experienced significant losses, generated negative equity balances owed to FXCM of approximately $225 million.

As a result of these debit balances, the company may be in breach of some regulatory capital requirements.

We are actively discussing alternatives to return our capital to levels prior to today's events and discussing the matter with our regulators.

FXCM Comments on Swiss Franc Movement

gc sf 12:42 GMT January 16, 2015
A Survival Guide: Lessons from the SNB Fiasco

apparently the indication for FXCM shares is $2.35

down 80%

dc CB 12:41 GMT January 16, 2015
FED SPEAKER

SNB, brings to mind that old Monty Python routine: You never expect the Spanish Inquisition...especially from the Swiss.

Emini

PAR 12:38 GMT January 16, 2015
Goldman Sachs
Reply   
Beats on eps and revenu .

Mtl JP 12:37 GMT January 16, 2015
A Survival Guide: Lessons from the SNB Fiasco

January 15, 2015
FXCM Comments on Swiss Franc Movement
- fxcm

ya... movement alright .
maybe x-lax can brand a new product after SNB / Jordan and ... over time... good-willingly, make round those who lost via royalties on the sale of the new band x-lax

GVI Forex Jay Meisler 12:37 GMT January 16, 2015
Broker News
Reply   
I got this from AVATrade (I am not a client)

Dear Client,

As you probably know, the Swiss National Bank removed the floor of 1.20 on the EURCHF yesterday at 9:30 GMT.
Following the announcement, there was no liquidity on the CHF pairs and the EURCHF market fell from the floor of 1.2000 to 0.95-1.00, and then further through 0.85-0.90, and liquidity finally returned at prices between 1.03-1.04, all according to the Electronic Broking Services (EBS) .

AvaTrade is applying fill levels for all executed trades/orders which occurred between the times of 09:30:00 GMT to 10:50:00, with a EURCHF price of 1.0450. For all other CHF pairs, the execution rate will be calculated and the trades/orders will be adjusted by using the EURCHF price from the above and the relevant 3rd currency price vs EUR at the time.

AvaTrade is pleased to confirm that yesterday’s SNB statement and Swiss Franc volatility had no material effect on the company’s strong financial position.

If you have any questions please do not hesitate to contact our customer care team.

Regards,
AvaTrade Team

PAR 12:32 GMT January 16, 2015
FED SPEAKER
Reply   
Kocherlakota and most importantly BULLARD . Fasten your seat belt .

PAR 12:27 GMT January 16, 2015
GREECE
Reply   
Greek banks make requests for ELA funding

The requests by the two lenders will be discussed by the ECB next Wednesday.

Bank officials commented that lenders are resorting to ELA earlier than expected, which reflects the deteriorating liquidity conditions in the credit sector.

Besides the decline in deposits, banks were dealt another blow on Thursday with the scrapping of the euro cap on the Swiss franc. Bank estimates put the impact of the euro’s drop on the local system’s cash flow at between 1.5 and 2 billion euros.

Deposits recorded a decline of 3 billion euros in December – a month when they traditionally expand – while in the first couple of weeks of January the outflow continued, although banks say it is under control

london red 12:16 GMT January 16, 2015
EURUSD

i think more fatalities might come out over the weekend but there are some pretty large stops in eurjpy under 134 and usdjpy under 11550 and i think they could draw later on in the session so selling blip higher on cpi might be a good play.
euro. prev low 11640 capping. abv there can move to 11710/46 but ultimately likely to sell back lower and close below 11640 this week. has some lt fibs between 112/11250 and they could draw next week if ecb delivers but its probable that those will aid is forming a multi week bottom with a correction back to 11640/11746 at the most.

GVI Forex Jay Meisler 11:54 GMT January 16, 2015
EURUSD
Reply   


As posted on GVI Forex

EURUSD 1.1640 remains a pivotal level although 1.1650 ("50" level) is pivotal as well after a high at 1.1648. On the downside, yesterday's low at 1.1568 is closest support but 1.1550 likely most important to keep 1.15 off the radar.

US CPI up next - watch core although the headline # could spark a reaction. My lines are now drawn across 1.1650 and 1.1729 on top and 1.1550-68 on the bottom.

Long US weekend and doubt many want to be short USD, especially vs. EUR, into it.

GVI Forex Jay Meisler 11:28 GMT January 16, 2015
A Survival Guide: Lessons from the SNB Fiasco
Reply   
This is an open access article


There is no other way to describe the repercussions of the SNB abandoning the EURUSD 1.20 floor and what followed as anything but a disaster for the forex market, both retail and institutional. The resulting volatility was unprecedented in the forex market, and I am going back the start of floating rates in 1971. As those who have followed our advocacy articles, we have warned repeatedly against over leverage but even low leverage (e.g. 5-10%) would not have helped some survive in this situation. The question is now which brokers will survive and whether there is anything you can do to protect your downside in the

A Survival Guide: Lessons from the SNB Fiasco

GVI Forex Blog 11:07 GMT January 16, 2015
EURCHF Holding Above "Parity" vs. the EUR. Market RISK-OFF Posture into Weekend
Reply   
TOP NEWS ITEMS: DE- HICP, EZ- HICP, US- CPI, Industrial Production, University of Michigan Survey,, TIC Data

EURCHF Holding Above "Parity" vs. the EUR. Market RISK-OFF Posture into Weekend

Israel Dil 11:00 GMT January 16, 2015
Swiss franc shock forces West Ham shirt sponsor Alpari out of business

hahaha

banker's promise is worthy until that not keeping the promise going to deliver them more money than keeping the promise. legal terror!

GVI Forex john 11:00 GMT January 16, 2015
CURRENT CONDITIONS: Risk-Off
Reply   

16 January-- 11:00 GMT- Current Market Conditions
. Markets should  remain cautious into the weekend as dealers will be waiting until the weekend to get a better feel for the landscape after the SNB CHF debacle. Logically, markets remain in in a  RISK OFF posture.  The Swiss SMI index has been hit hard again today, losing another 5%. U.S. equity futures and bond yields are lower.





The heat map color scheme of interest rates reflects yields.

GVI Forex Jay Meisler 10:53 GMT January 16, 2015
Contact Us
Reply   
If you have an news on brokers in trouble or rumors or need help after the SNB disaster, send me an EMAIL

Mtl JP 10:53 GMT January 16, 2015
Swiss franc shock forces West Ham shirt sponsor Alpari out of business

is the G_V Trader's Advocate going to launch a class action lawsuit against the SNB for breach of promise ?

GVI Forex john 10:13 GMT January 16, 2015
BREAKING NEWS

EZ Final HICP. Headline Core HICP revised lower.
Global-VIew EZ and German Charts


GVI Forex 10:10 GMT January 16, 2015
Swiss franc shock forces West Ham shirt sponsor Alpari out of business
Reply   
The shirt sponsor of Premiership football team West Ham United has taken heavy losses as a result of the Swiss National Bank’s shock move on Thursday to decouple its currency from the Euro, and entered into insolvency proceedings.

Swiss franc shock forces West Ham shirt sponsor Alpari out of business

GVI Forex john 10:01 GMT January 16, 2015
BREAKING NEWS

Final EZ HICP (CPI) December 2014





ALERT
mm: -0.20% vs. -0.20% exp. vs. -0.20% prev.
yy: -0.10% vs. -0.10% exp. vs. -0.20% prev.

HICP core
yy: 0.70% vs. +0.80% exp. vs. +0.80% prev.


TTN: Live News Special Offer


Direct links to primary data sources

hk ab 09:41 GMT January 16, 2015
SNB
Reply   
After the Swiss chaos, would censored learns from them and suddenly announces a peg to 150 yen to 1 USD? LOL.......

That could be possible if yen keep strengthens towards 100.............in a few weeks.

GVI Forex john 09:39 GMT January 16, 2015
BREAKING NEWS

German HICP (CPI) Final December 2014




Earlier NEWS Alert
mm: +0.10% vs. +0.10% exp. vs. +0.10% prev.
yy: +0.10% vs. +0.10% exp. vs. +0.10% prev.


TTN: Live News Special Offer

PAR 09:30 GMT January 16, 2015
ECB - SNB
Reply   
Centrak bankers = Sorcerers apprentices Mickey mouses

Andy Ash (Admis)

"How ironic now that the ECB think about launching 500 bln € of QE sovereign buying perhaps, there is a natural seller for them, who has 450 bln € worth to sell ! .....but surely that will bring money into the Swiss market and not Europe ? ...giggle giggle. The Swiss QE , un-remarked on by many as it occurred has now finished and they have stock to sell at some stage.

I put through the QE maths on the Swiss intervention on January 7th : " Switzerland: #CHF #intervention - Wow ! Dec FX reserves soar to CHF 495.1 Bln from Nov CHF 462.7 Bln - now that is proper intervention, money printing! For those wondering why European peripheral bond markets keep rallying ( but not Greece) you have to look no further ....33 bln CHF ( 27.5 bln €) going into European markets."

Tallinn viies 09:13 GMT January 16, 2015
eurusd
Reply   
gc sf 07:06 GMT - I expect range to be 1,1570 -1,1670.
targeted 1,1470 this month. I think may see it next week.
on the upside Im turning euro buyer if we can see close over 5 day ema which stands today at 1,1710

GVI Forex 08:58 GMT January 16, 2015
Casualties From Swiss Shock Spread From New York to New Zealand
Reply   
Losses mounted from the Swiss currency shock as the largest U.S. retail foreign-exchange brokerage said client debts threatened its compliance with capital rules and a New Zealand-based dealer went out of business.

Casualties From Swiss Shock Spread From New York to New Zealand

gc sf 07:06 GMT January 16, 2015
EUR
Reply   
Viies what are you thinking the range for today ?

GVI Forex Blog 06:03 GMT January 16, 2015 Reply   
(SG) SINGAPORE NOV ELECTRONIC EXPORTS Y/Y: 0.4% V -9.0%E; NON-OIL DOMESTIC EXPORTS M/M: 0.1% V -1.6%E; Y/Y: 2.3% V -2.2%E - (KR) South Korea Sept Conference Board Leading Economic Index (LEI) 108.1, -

TradeTheNews.com Asian Mid-session Update: SNB "tsunami" spills into Asia as rising Yen pummels the Nikkei - Source TradeTheNews.com

hk ab 05:52 GMT January 16, 2015
chf
Reply   
brave hearts should give a try to buy any BIG dips in your 5 min. chart.......

Mysore Forexveda 05:52 GMT January 16, 2015
GBP with partity to USD
Reply   
Sell GBPUSD
Entry: 1.5180 Target: 1.0000 Stop: 1.5210

GBP/CHF move lower has opened up the way to GBPUSD for a move towards parity. Yesterday's SNB action created lot of accidental millionaires but exporters will take a big hit. No country can take such a rapid strength in their currency and I am sure SNB will take some actions to protect the interests of their exporters. GBP to parity and Euro to revisit historical lows is just a matter of time.

gc sf 03:03 GMT January 16, 2015
Damage

Sax .. oo Bank

announces all CHF trades to be revisited - Clients will be worse off.

gc sf 02:59 GMT January 16, 2015
Damage

"(NYSE:FXCM) an online provider of forex trading and related services worldwide, announced today due to unprecedented volatility in EUR/CHF pair after the Swiss National Bank announcement this morning, clients experienced significant losses, generated negative equity balances owed to FXCM of approximately $225 million.

As a result of these debit balances, the company may be in breach of some regulatory capital requirements.

We are actively discussing alternatives to return our capital to levels prior to today’s events and discussing the matter with our regulators."

Hong Kong AceTrader 02:51 GMT January 16, 2015
AceTrader Jan 16: Intra-Day News and Views (USD/JPY) & data to be released today
Reply   
Intra-Day Market Moving News and Views
16 Jan 2015 02:19GMT

USD/JPY - ....... Although the greenback staged a brief bounce in Asian morning after yesterday's cross-inspired sell off to an intra-day low at 115.90 in Australia, renewed selling at 116.57 capped dlr's upside n the pair ratcheted lower after comments from Japan ECOMIN Amari.
Stops below 115.90 are now in focus, however, some bids are located at 115.70-60 with mixture of bids and stops seen at option barrier at 115.50.
On the upside, offers are tipped at 116.40-50 n more at 116.80.

Nikkei-225 index currently tumbled by 466 points to 16643. Market players should pay close attention to the Japanese stock markets as USD/JPY may rebounded on short-covering if Japanese shares recover some losses.

In other news, the People's Bank of China gave a 20 billion yuan ($3.2 billion) re-loan loan quota to banks to support agriculture and 30 billion yuan to boost smaller companies, according to a statement on its website. The move aims at lowering financing costs, it said.

Friday will see the release of Germany's CPI and HICP, France Budget Balance, Switzerland Retail Sales, euro zone inflation reports, U.S. CPI, Industrial Output, Capacity Utilization, manufacturing output, University of Michigan Sentiment, Net Long-Term Flows.

gc sf 02:35 GMT January 16, 2015
$Yen
Reply   
Nikkei down to 16550 from high 16838

(CFD Pricing)

gc sf 02:01 GMT January 16, 2015
Damage

Every customer of a brokerage at one time or another has come across a Broker - who reprices trades -- effectively screwing the customer - by making the rate obviously worse... and costing you money.

Well Banks are telling Brokers they are breaking trades from yesterday because those Rates were "out of market"

So Broker fills Customer (s) based on Bank Trade ... but today those trades made with the Banks are being repriced and the Brokers are suffering the losses ... obviously more is going to come from this.

gc sf 01:55 GMT January 16, 2015
Damage
Reply   
IG Group Facing Losses up to £30 Million, Tip of Industry CHF Volatility Losses?

"The first brokerage to publicly announce unforeseen losses from the extreme volatility event after this morning's Swiss franc debacle induced by the SNB, was London Stock Exchange listed IG Group."

GVI Forex 01:20 GMT January 16, 2015
Holiday Alert
Reply   
US banks, bond and stock markets will be closed on Monday. With market liquidity hit by the SNB shocker, it will thin further ahead of the long US weekend. So keep that in mind if trading on Friday. US CPI will be a key focus.

 




Actionable trading levels delivered LIVE to YOUR charts

GVI Trading. Potential Price Risk Scale
AA: Major, A: High, B: Medium

Mon 27 May 2019
AAGB/US- Holiday
Tue 28 May 2019
A 14:00 US- Consumer Confidence
C 13:00 US- Case-Shiller
Wed 29 May 2019
A 08:55 DE- Employment
AA 18:00 US- BOC Decision
A 18:30 US- EIA Crude
Thu 30 Mar 2019
AAEZ/CH- Holiday
A 12:30 US- Weekly Jobless
Fri 31 Mar 2019
AA 10:00 EZ- Flash HICP
A 12:30 US- Personal Income, Spending, Deflator
AA 14:00 US- Final Univ of Michigan


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