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Forex Forum Archive for 11/29/2016

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Livingston nh 23:13 GMT November 29, 2016
eurusd

In anticipation of a Freeze OPEC has produced at record levels last two months - US gets most supplies from Venezuela, Mexico and Canada // Utility value of oil is still ~ $32 // Bernanke screwed w/ oil cycle w/ QE -- now folks are talking about Peak Demand

You can be sure whatever the quota deal they will Cheat

Sydney ACC 22:24 GMT November 29, 2016
eurusd

In March 2015 the US produced 9.69 mbbl/d. In 2008 production was 5 mbbl/d. That's almost a 100% increase in seven years. Given new technologies and an administration less likely to impede the industry on environmental grounds it seems likely the US alone will make up proposed cut in little time.

According to the American Petroleum Institute, the oil and natural gas industry supports nine million U.S. jobs and makes up seven percent of the nation's gross domestic product.

Great for the US economy if the industry can terminate oil imports from one or more OPEC countries.

Tallinn viies 22:24 GMT November 29, 2016
eurusd
Reply   
problem is that so far opec and russia has been talking price up and market is believing them. from 27$ to 52$ only by talking and promising cuts soon. one stage market may not take it seriously anymore...

barclays reported in octomer that passive long only energy etf inflows over 6 billion dollars so far.


last cot report shows net long wti crude oil positions futures and options together 323 million barrels.

that is the problem.
0.7 million over production is not a problem so far but if OPEC doesnt cut things may turn ugly quickly.
if prices fall 10% then producers need to produce more 10% to get same amount of money to their budgets

Tallinn viies 22:11 GMT November 29, 2016
eurusd
Reply   
1.2mln barrels per day. equals 432 mln barrels per year. worth over 19 billion

current overproduction hopefully only 0.7 mln barreld per day.
it was 2.5 mln per day in the beginning of the year.

Sydney ACC 21:57 GMT November 29, 2016
Three Possible Scenarios for OPEC Meeting on Oil Production Cuts -- bloomberg.com

Will a 1.2 mibbl/d cut in OPEC production have a sustainable impact on the price of oil?

Getting a consistent reading for each country across the various websites is difficult, nevertheless US and Canada in 2015 produced about 13.6 mbbl/d.

Trump has already stated that he intends to push for an increase in domestic oil production. Is it therefore likely that any OPEC reduction will be offset by increases in production from North America and elsewhere. Will any meaningful increase in oil prices prove likely to be only temporary.












Tallinn viies 21:53 GMT November 29, 2016
eurusd
Reply   
crude -0.7mlnb
gasoline +3.3mlnb
distl +2.2mlnb

GVI Trading john bland 21:33 GMT November 29, 2016
BREAKING NEWS:

US Weekly API Crude




ALERT
Reportedly -0.700 mn vs. +0.900 mn exp (EIA)



TTN: Live News Special Offer


Mtl JP 21:20 GMT November 29, 2016
Wednesday Trading

according to marketwatch:

When will OPEC make its decision on oil?

GVI Trading john bland 21:03 GMT November 29, 2016
Three Possible Scenarios for OPEC Meeting on Oil Production Cuts -- bloomberg.com
Reply   
"OPEC oil ministers meet tomorrow in Vienna to find a way of implementing the groupís first production cut in eight years.

After setting a preliminary target range of 32.5 to 33 million barrels a day in Algiers on Sept. 28, OPEC officials have failed to resolve internal differences that stand in the way of their goal of trimming output by about 1.2 million barrels a day from October levels. As delegates embark on a frantic last round of negotiations on Tuesday, here are three possible outcomes..."

Three Possible Scenarios for OPEC Meeting on Oil Production Cuts -- bloomberg.com

GVI Trading 20:57 GMT November 29, 2016
Dollar retraces early gains as investors consolidate positions -- Reuters.com
Reply   
"The dollar fell on Tuesday as the greenback consolidated its position against most major currencies following a roller-coaster 24 hours which traders say may just be a precursor to three weeks of risk-packed events including the Federal Reserve's December policy meeting. After rising across the board and gaining more than 1.2 percent against the safe-haven Japanese yen following the release of stronger-than-expected U.S. third-quarter gross domestic product numbers, the dollar retraced much of its gains on the day.

Even a reading on U.S. consumer confidence that showed the index at its highest level since July 2007 did not dissuade investors from selling the greenback as North American trading picked up steam..."

Dollar retraces early gains as investors consolidate positions -- Reuters.com

GVI Trading john bland 20:47 GMT November 29, 2016
Wednesday Trading
Reply   


WEEKLY HIGH IMPACT NEWS:
30-Nov Wed
07:00 DE- Retail Sales
08:55 DE- Employment
10:00 EZ- flash HICP
13:15 US- ADP Jobs
13:30 CA- GDP
13:30 US- PCE Deflator
14:45 US- Chicago PMI
15:00 US- Pending Homes Sales
15:30 US- EIA Crude
18:00 US- Beige Book
1-Dec Thu
All Day- final Mfg PMIs
13:30 US- Weekly Jobless
2-Dec Fri
13:30 CA/US Employment


Trading Themes--
  • OPEC technical talks continue to drag on in Vienna. As of Tuesday afternoon in North America, it appeared an agreement to cap or reduce production by a minor amount might be at hand. Oil Ministers will announce their decision Wednesday.

  • The Italian Referendum next Sunday, November 4 remains a cause for concern. If, as expected, the constitutional reforms are defeated, the Renzi government could fall and an election called. Some see the vote as an indirect referendum on the Euro. The ECB let it be known Tuesday that it has the capacity to buy Italian governmemt bonds temporarily if needed.

  • The U.S. Presidential vote recount has created new uncertainties. U.S. Green Party candidate Jill Stein is behind possible recounts in Wisconsin, Michigan and Pennsylvania. The Clinton campaign will participate. Past vote recounts suggest a reversal of the Trump victory is a long-shot. Many feel Stein is either seeking publicity or fund-raising.

  • Friday sees U.S. November employment data. This is one of the key items the FOMC scrutinizes before making monetary policy decisions. Markets are running 100% odds that the central bank will raise its Fed Funds target by 25bps on December 14. Its hard to imagine a report so weak that would block this rate hike.

John M. Bland, MBA
co-founder Global-View.com


CURRENT CONDITIONS: Mild Risk On

Tallinn viies 20:31 GMT November 29, 2016
eurusd
Reply   
Irregularities of Regular OPEC Meeting


http://www.shana.ir/en/newsagency/273619/Irregularities-of-Regular-OPEC-Meeting

GVI Forex Blog 20:30 GMT November 29, 2016
CHART POINTS: Free Forex Database
Reply   



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

CHART POINTS: Free Forex Database

PAR 20:26 GMT November 29, 2016
CURRENT CONDITIONS: Mild Risk-On

MS highly skeptical on Reuters report of ECB buying Italian bonds.
Saying it looks false news.

GVI Forex Blog 20:13 GMT November 29, 2016
CURRENT CONDITIONS: Mild Risk-On
Reply   

CURRENT CONDITIONS: Mild Risk-On

Mtl JP 19:58 GMT November 29, 2016
BREAKING NEWS:

CB 18:36 suggest do not bother unless u r In The Circle
remember: it is called a cartel for a reason

Mtl JP 19:52 GMT November 29, 2016
Tuesday Trading

"the case for an increase in the federal funds rate has clearly strengthened since our previous meeting earlier this month"

Governor Jerome H. Powell At the The Economic Club of Indiana, Indianapolis, Indiana November 29, 2016 Recent Economic Developments and Longer-Run Challenges

PAR 18:45 GMT November 29, 2016
BREAKING NEWS:

Guess a deal is close . Opec wants higher prices and more $$$$ ..

dc CB 18:36 GMT November 29, 2016
BREAKING NEWS:

OPEC MINISTERS TO MEET INFORMALLY AT 0700 GMT ON WEDNESDAY BEFORE FORMAL TALKS - OPEC SOURCE: RTRS

NYMEX Pit (the home of Bang the Close) closes in 55mins

Red or Black, Red or Black palce your bets Ladies and Germs

PAR 17:55 GMT November 29, 2016
ECB DRAGHI=PONZI
Reply   
Negative interest rates in Europe came into effect on 11 june 2014 ,

on 11 JUNE 2014 .

More than 2 year later negative rates are still in effect and the economic situation has not been improving . Everybody got poorer especially in Italy which was supposed to be helped by negative rates .

GVI Trading john bland 17:50 GMT November 29, 2016
BREAKING NEWS:

Fed's Powell
-- Case for Fed Hike stronger since November meeting.

>> TTN.com

London AzaForex 17:42 GMT November 29, 2016
Strategy and trading analysis on shares of the company IBM 1
Reply   


Buy OTHER
Entry: Target: Stop:

Strategy and trading analysis on shares of the company IBM 11-29-2016 by AzaForex forex broker

Mtl JP 17:38 GMT November 29, 2016
Tuesday Trading

Jerome H. Powell yak: The Economic Outlook

Mtl JP 17:22 GMT November 29, 2016
Tuesday Trading

voter Powell yaks in about 20 minutes

dc CB 17:01 GMT November 29, 2016
Not the Onion

In a letter penned by Green Party Senate Candidate Margaret Flowers, and signed by dozens of prominent GPUS members, the Greens have rebelled against the farcical "recount effort" conducted by Jill Stein........ she notes, "as a candidate, Dr. Stein has the right to call for a recount. However, we urge the GPUS to distance itself from any appearance of support for either Democrats or Republicans. We are well aware of the undemocratic actions taken during the primaries by the DNC and the Clinton campaign. Greens cannot be perceived to be allied with such a party."

Green Party Rebels Against Jill Stein: "We Do Not Support The Recount"

GVI Forex Blog 16:37 GMT November 29, 2016
CURRENT CONDITIONS: Mild Risk-On
Reply   

CURRENT CONDITIONS: Mild Risk-On

Amman wfakhoury 16:36 GMT November 29, 2016
RE GBPUSD 12490
Reply   

The only one in the world who confirms the next level

12490 reached

PAR 16:34 GMT November 29, 2016
ECB DRAGHI=PONZI
Reply   
ECB intervention great success, Italian market up 3%
from daily low . Mega Draghi induced short squeeze . This might help Renzi win the referendum ? I don't think so .

london red 16:33 GMT November 29, 2016
BREAKING NEWS:

i would fade any euro strength tom as on thursday nearly 4 yards of 1.06 going off. 107 is a fib

GVI Trading john bland 16:16 GMT November 29, 2016
BREAKING NEWS:

Oil has fallen into a narrow range as many players have apparently decided that they are tired of being played by non-news.

GVI Trading Jay Meisler 16:14 GMT November 29, 2016
BREAKING NEWS:

Register for the Amazing Trader

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Red, great call on the resistance. We show 1.0612 as the Amazing Trader initial target, tested and holding so far.

london red 15:53 GMT November 29, 2016
BREAKING NEWS:

euro. tenkan here by 10632. if abv may run to 50/60 but shud stop there, otherwise may tap 107. mkt skitish as expecting usd sales tom. may or may not happen but today they fear this.

GVI Trading john bland 15:32 GMT November 29, 2016
BREAKING NEWS:

OPEC negotiations continue on the newswires. No doubt they are trading on the releases.

GVI Trading john bland 15:31 GMT November 29, 2016
BREAKING NEWS:

Report
Iraq agrees to freeze. Not cut at 4.55 mnbbd
Iran considers freeze once it reaches 3.97mn bbd

>> TTN.com

PAR 15:23 GMT November 29, 2016
EURO
Reply   
As Draghi takes away the risk from the Italian referendum the EURO may rise instead of decline .

PAR 15:18 GMT November 29, 2016
RISK ON
Reply   
Strong US economic data and ECB intervention to boost Italian banks put the markets back on RISK ON .

GVI Forex Blog 15:09 GMT November 29, 2016
BREAKING NEWS: U.S. Consumer Confidence Beats
Reply   
Conference Board data much stronger than expected.

BREAKING NEWS: U.S. Consumer Confidence Beats

PAR 15:05 GMT November 29, 2016
BREAKING NEWS:

Higher interest rates are boosting US consumer confidence while Europe has been in a spiral of negative rates for almost two years with nothing but negative results.

GVI Trading john bland 15:04 GMT November 29, 2016
BREAKING NEWS:

Much stronger than expected. Might indeed be a "Trump reaction".

PAR 15:02 GMT November 29, 2016
BREAKING NEWS:

The Trump effect .

GVI Trading john bland 15:01 GMT November 29, 2016
BREAKING NEWS:

U.S. Conference Board Survey November 2016

U.S. Data Charts





NEWS ALERT
107.1 vs. 101.0 exp. vs. 98.6 (r 100.8) prev.


RELEASE: Consumer Confidence Data



TTN: Live News Special Offer




Mtl JP 14:41 GMT November 29, 2016
Tuesday Trading

agree with risk "A" to my account
15:00 A US CB Cons Confidence con: 101 pre: 98.6
-
later voter Powell yaks w/QnA
that too could have an effect on exchange prices

Kl Shawn 14:15 GMT November 29, 2016
BREAKING NEWS:

Euro looks heavy now. Sold 1.0583 stop 1.0645 tp 1.05 and 1.0475

PAR 14:06 GMT November 29, 2016
BREAKING NEWS:

I guess Saudi Arabia must be running a huge trading desk . They probably are using the $ 17 billion they borrowed to do massive insider trading on crude . Well done .

ECB is doing the same in the Italian bond market to manipulate the results of the Italian referendum and to make befriended hedge funds rich .

RULES DON'T APPLY .

Livingston nh 14:04 GMT November 29, 2016
BREAKING NEWS:

Iran wanted 3.97, Sau 3.7 offer - need in between

dc CB 14:00 GMT November 29, 2016
BREAKING NEWS:

talk about "fake news"
All this to drive the Roller Coaster Algo Headline feast.
NYMEX PIT Open Now

That's what I meant earlier when I posted that it was time for a Headline.

GVI Trading john bland 14:00 GMT November 29, 2016
BREAKING NEWS:

U.S. Case Shiller-20 September 2016

U.S. Data Charts




ALERT
+5.08% vs. +5.20% exp. vs. +5.10% prev.


TTN: Live News Special Offer


Direct links to primary data sources

GVI Trading john bland 13:57 GMT November 29, 2016
BREAKING NEWS:

Negotiating in the press?

GVI Trading john bland 13:56 GMT November 29, 2016
BREAKING NEWS:

Report Saudi's offer Iran freeze at 3.7mbbd

>>> TTN.com

PAR 13:54 GMT November 29, 2016
BREAKING NEWS:

Long Crude at 45.25. Everybody is lying .

GVI Trading john bland 13:54 GMT November 29, 2016
BREAKING NEWS:

WTI falls...

GVI Trading john bland 13:53 GMT November 29, 2016
BREAKING NEWS:

Report: Iran will NOT cut production

>>> TTN.com

GVI Trading 13:53 GMT November 29, 2016
BREAKING NEWS:

08:51 (IR) Iran Oil Min Zanganeh: Iran will NOT cut production

- Source TradeTheNews.com

PAR 13:51 GMT November 29, 2016
RISK ON

Better than expected US economic numbers supporting risk on . Next Opec deal could be driver of more risk on . The more Bloomberg keeps screaming "No Deal " the more likely a deal is .

ECB has taken all risk away from Italian referendum .

So . Nothing but great news .

GVI Forex Blog 13:39 GMT November 29, 2016
BREAKING NEWS: U.S. GDP Revised Higher
Reply   
Headline 3Q16 GDP revised higher.

BREAKING NEWS: U.S. GDP Revised Higher

Livingston nh 13:38 GMT November 29, 2016
RISK ON

Markets usually move to equilibrium or target level much faster when everybody KNOWS where that is -- the adjustment is not as smooth as models suggest and orderly markets are rare when the herd is running // Have a care disparaging the USD in the current adjustment -- over the past year there has been a drumbeat about a "shortage of dollars" - most of the commentary focused on roll-over of dollar based loans in EM but Pres elect Trump is adding both trade restrictions, and more important (and likely) US corporate repatriation of overseas dollars, to the expected shortage // IF the Fed hikes w/o releasing the Treasury hoard it holds the shortage will get another boost

PAR 13:33 GMT November 29, 2016
BREAKING NEWS:

US economy is great and will get even greater . Thank you Trump .

GVI Trading john bland 13:30 GMT November 29, 2016
BREAKING NEWS:

U.S. GDP 3Q16




ALERT
+3.20% vs. +3.00% exp. vs. +2.90% prev.

RELEASE: U.S. GDP


TTN: Live News Special Offer

GVI Trading john bland 13:27 GMT November 29, 2016
Tuesday Trading

GDP due shortly. Government plugging in real data for those items that were estimated in previous report. Items such as: inventories and trade, so an upward revision is a good bet, but not a sure thing due to other items.

london red 13:20 GMT November 29, 2016
BREAKING NEWS:

us gdp up soon f/c 3/3.1 lets see what appetite there is for usd to hold onto any gains.

Israel Dil 13:15 GMT November 29, 2016
In OPECs High-Stakes Poker Game, Iran and Iraq Call Saudi Bluff -- bloomberg.com

cut output by 20% to increase revenues by 600%
the simple math is the one most avoided ;-)


the same time unmask Gabon to bring France down

GVI Trading 13:14 GMT November 29, 2016
ITALY

07:15 (IT) ECB ready to temporarily step up purchases of Italian government bonds if Dec 4th Referendum drives up borrowing costs- financial press
- ECB could use its Ä80B monthly bond-buying program to counter any immediate, further spike in bond yields after the vote
- Rome would need to formally ask for help
- ECB declined to comment.

- Source TradeTheNews.com

london red 13:14 GMT November 29, 2016
In OPECs High-Stakes Poker Game, Iran and Iraq Call Saudi Bluff -- bloomberg.com

the thing about these said cuts is nobody sticks to them and they all pump max capacity, but it does provide volatility and ops to move in and out of the black stuff

Israel Dil 13:12 GMT November 29, 2016
In OPECs High-Stakes Poker Game, Iran and Iraq Call Saudi Bluff -- bloomberg.com

cit output by 20% ro increase revenues by 600%
the simple math is the one most avoided ;-)

london red 13:09 GMT November 29, 2016
In OPECs High-Stakes Poker Game, Iran and Iraq Call Saudi Bluff -- bloomberg.com

think at/near 45 bucks an agreement is likely. quoted by the oil minister of your choosing.

london red 12:56 GMT November 29, 2016
Yen

with japan lifers announcing they will be running unhedged above 100 the pain trade is down to 90, but u cant just step in front of a move like we have seen. i think 115/116 is an area where you would naturally take profits and or short. it may turn out to be more than just a pullback at that point, but we shall see.

london red 12:48 GMT November 29, 2016
ITALY

ital retail investors are dwn billions on ital bank/loan ponzi scheme. will take a lot more than 2 or 3% to get them back in the black.

dc CB 12:48 GMT November 29, 2016
Yen
Reply   


notice the Comms are moving long for the first time this year.
(chart)
________________________________________________

UBS Group AGís $2 trillion wealth-management arm says yen traders have got Donald Trump all wrong, and the currency will strengthen to 98 per dollar by this time next year.

Yen to 98 per Dollar- UBS. BBG

PAR 12:46 GMT November 29, 2016
ITALY

ECB . Intervention before the voting is a new ECB strategy . Rather creative especially when ECB just warned everybody that the markets could go down. I call that MANIPULATION .

PAR 12:41 GMT November 29, 2016
ITALY

The average Italian voter is so fed up with Renzi / Draghi and the Italian banks that he just doesn't care anymore . I was in the Marche last year . Terrible what people say about banks.

GVI Trading john bland 12:40 GMT November 29, 2016
In OPECs High-Stakes Poker Game, Iran and Iraq Call Saudi Bluff -- bloomberg.com

CB- that could still happen tomorrow in Vienna. If the Ministers meeting breaks up early, they say there is no accord if they talk all day, then they are discussing something.

PAR 12:38 GMT November 29, 2016
BREAKING NEWS:

LONDON . ECB first tells hedge funds and then the newswires . Easy money and Draghi has a nice job when he leaves .

PAR 12:36 GMT November 29, 2016
In OPECs High-Stakes Poker Game, Iran and Iraq Call Saudi Bluff -- bloomberg.com

Long Brent at 47.95 . Looking above $ 50 before end of week .

GVI Trading john bland 12:35 GMT November 29, 2016
ITALY

You have to wonder if the average Italian voter is aware of, or understands, ECB money market machinations.

dc CB 12:34 GMT November 29, 2016
In OPECs High-Stakes Poker Game, Iran and Iraq Call Saudi Bluff -- bloomberg.com

OK oil's down enough now...Time for an OPEC --- we agree to cut---Headline.

Israel Dil 12:24 GMT November 29, 2016
ITALY

when the political gang puts his own agenda above the people

the truth is not welcome by Juncker

LONDON SFH 12:24 GMT November 29, 2016
BREAKING NEWS:

I wonder if the regulators would look into how the BTP contract rallied from the open by over 2 big figs before that story hit the wires...Market Abuse Directive...

PAR 12:23 GMT November 29, 2016
ITALY

ECB is manipulating markets as never seen before . Stock exchange movement are steered from Draghi 's office . We have seen that before in the Soviet Union .

PAR 12:20 GMT November 29, 2016
ITALY

Italian banks skyrocketing higher . A last manipulation by Draghi / Renzi / Ponzi to get a YES vote . It may work ?

GVI Trading john bland 12:19 GMT November 29, 2016
BREAKING NEWS:

Report ECB ready to step up temporarily its purchases of Italian gov't bonds if referendum drives up borrowing costs.

Source: TTN.com

Israel Dil 12:15 GMT November 29, 2016
ITALY
Reply   
ciao ciao EU
bye bye EURO

GVI Trading Jay Meisler 11:45 GMT November 29, 2016
Amazing Trader Daily Meeting
Reply   

Register for the Amazing Trader

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This is the calm before the next storm day with Wednesday full of key evemts, including the OPEC meeting and month end. The outlook and strategies for today and a look ahead will be the focus of today's meeting.

All are invited to attend -

Daily meeting starts promptly at

Tuesday, November 29

07:00 - 07:30 EST (12:00 - 12:30 GMT).

Meeting url:

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GVI Trading 11:11 GMT November 29, 2016
In OPECs High-Stakes Poker Game, Iran and Iraq Call Saudi Bluff -- bloomberg.com
Reply   
"For decades, Saudi Arabia has had its way at OPEC. All of a sudden the position has turned: Riyadh finds its power waning against a resurgent Iran and Iraq.

As Organization of Petroleum Exporting Countries ministers meet Wednesday, Saudi Arabia is trying to reassert its authority by hinting itís prepared to walk away from the negotiations. Genuine warning or bluff, Tehran and Baghdad may be willing to take the risk. Both have seen Saudi Arabia gain market share and neither is as dependent on oil prices as Riyadh..."

In OPECís High-Stakes Poker Game, Iran and Iraq Call Saudi Bluff -- bloomberg.com

GVI Trading 11:01 GMT November 29, 2016
Sterling rises as investors cut bets against currency -- Reuters.com
Reply   
"Sterling inched up against the dollar on Tuesday, staying in the broad $1.23-$1.26 range it has traded in for the past two weeks, with investors waiting for fresh cues on how Britain will leave the European Union.

The pound got a small boost on Tuesday after data showed lending to Britons expanded last month at the fastest annual pace in 11 years, while mortgage approvals were stronger than expected, bolstering the picture of resilient consumer demand after June's Brexit vote..."

Sterling rises as investors cut bets against currency -- Reuters.com

london red 10:47 GMT November 29, 2016
Tuesday Trading

cable in a well defined range. but i look for a squeeze b4 end of year. a close abv daily cloud 12469 followed by a break of 12515/30 shud see a squeeze to run off shorts.

GVI Trading john bland 10:41 GMT November 29, 2016
Tuesday Trading

Register for the Amazing Trader

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Amazing Trader GBPUSD charts updated on your systems

london red 10:18 GMT November 29, 2016
RISK ON

euro. daily tenkan at 10632 marks up/dwn risk. quite a few expiries today 20-40 might draw til run off.

PAR 10:03 GMT November 29, 2016
Italian Banks

Borrow money from ECB to buy back their own shares ?

Paris ib 09:47 GMT November 29, 2016
RISK ON

Ain't that the truth.

PAR 09:44 GMT November 29, 2016
RISK ON

Risk on but always use stops . You never know .

GVI Trading john bland 09:43 GMT November 29, 2016
Tuesday Trading

Register for the Amazing Trader

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Amazing Trader EURUSD charts updated on your systems

®PAR 09:30 GMT November 29, 2016
RISK ON

If ECB says markets will go down , you have to BUY because they are always wrong .

PAR 09:28 GMT November 29, 2016
RISK ON

Euro stock futures at daily high , up more than 1 % from the low . Lets go another 1% and I take profit . The rest is not important

Euro to trade below 1.0500 and Yen above 113,00 this afternoon ?

GVI Trading john bland 09:28 GMT November 29, 2016
Tuesday Trading


WEEKLY HIGH IMPACT NEWS:
29-Nov Tue
13:30 US- GDP
15:00 US- Consumer Confidence
30-Nov Wed
07:00 DE- Retail Sales
08:55 DE- Employment
10:00 EZ- flash HICP
13:15 US- ADP Jobs
13:30 CA- GDP
13:30 US- PCE Deflator
14:45 US- Chicago PMI
15:00 US- Pending Homes Sales
15:30 US- EIA Crude
18:00 US- Beige Book
1-Dec Thu
All Day- final Mfg PMIs
13:30 US- Weekly Jobless
2-Dec Fri
13:30 CA/US Employment


Trading Themes--
  • OPEC technical talks have not yet reached an agreement for a cut in production, but the Oil Ministers still could reach an accord on Wednesday. It is still not known if they can come to a last minute agreement to cut production.

  • Another key concern this week is the Italian Referendum next Sunday, and its potential impact on a number of distressed banks. The vote is on Sunday, November 4. If, as expected, the reforms are defeated, the Renzi government could fall and a new election called. Some see the vote as an indirect referendum on the Euro.

  • Also a recount of the U.S. Presidential vote has created new uncertainties. U.S. Green Party candidate Jill Stein is trying initiate Presidential election vote recounts in Wisconsin, Michigan and Pennsylvania. The Clinton campaign will participate. Past vote recounts have not uncovered discrepancies of a magnitude that would reverse the Trump victory. This is a long-shot effort seeking publicity and/or fund-raising.

  • Friday sees U.S. employment data for the month of November. This is one of the items the FOMC scrutinizes carefully before making monetary policy decisions. Currently, the markets are running 100% odds that the central bank will raise its Fed Funds target by 25bps on December 14. Its hard to imagine data so weak that they would postpone this signaled rate hike.

John M. Bland, MBA
co-founder Global-View.com


CURRENT CONDITIONS: Mild Risk Off

Paris ib 09:21 GMT November 29, 2016
RISK ON

That's a joke, right? No-one cares a damn about relative GDP or anything else. Maybe the FED hikes. Maybe we keep the pretense of orderly markets alive a while longer but the jig is up. The only question to ask is if Government bond markets can remain orderly. The Treasury market is first in line. We get to test the bu..s.it idea that the USD is special and Treasuries are special. Once the illusion is shattered.... it's every man for himself. Russia and China are no longer playing the game. So the U.S. will try to crush them. But in do doing any U.S. weakness is dangerously exposed and the risks to global financial markets are vulnerable. Risk on my arse.

jkt abel 09:16 GMT November 29, 2016
market

cable 1.2440-50 is pivotal today IMO

GVI Trading john bland 09:12 GMT November 29, 2016
BREAKING NEWS:

The major problem that OPEC faces is that they are no longer the only game in town.

manila tom 09:12 GMT November 29, 2016
market

follow wtr, buy usd
sell cable 1.2415, stop 1.2447, target open

GVI Trading john bland 09:10 GMT November 29, 2016
BREAKING NEWS:

OPEC technical talks have not reached a oil production agreement. An accord could still be reached by the Ministers when they meet tomorrow in Vienna. WTI falls on the news.

PAR 09:09 GMT November 29, 2016
RISK ON
Reply   
Dollar and world stock markets moving higher in anticipation strong upward revisions of US GDP figures . Could come in close to 4 % .

GVI Forex Blog 09:01 GMT November 29, 2016
CURRENT CONDITIONS: Mild Risk-Off
Reply   

CURRENT CONDITIONS: Mild Risk-Off

PAR 08:27 GMT November 29, 2016
Italian Banks
Reply   
First Italian in banks force their small savers to invest in their banks shares and bonds in pure mafia style .

Then the banks again in pure mafia style spent that money on NPL s , dividends , big salaries and huge bonuses.

Now the same banks tell the wold we can't go bankrupt because our shareholders and bondholders are small investors .

Not a single of those bank criminals has been put in jail and Draghi and Renzi seem to be supporting those criminals.

Nobody knows how many of the Italian NPL s are sitting on the ECB balance sheet .

Draghi and Renzi are both creators of a huge Ponzi scheme and everybody is looking in the other direction .

perth wtr 08:22 GMT November 29, 2016
market

ok, maybe sell gbpusd with stop above 1.2450
now at 1.2406

bali sja 07:21 GMT November 29, 2016
market
Reply   
what a slow market today
any trading idea?

Sydney ACC 06:54 GMT November 29, 2016
GBP/CAD Forex Trading Tips

That's currently two big figures away from where the market is.

Singapore 06:36 GMT November 29, 2016
GBP/CAD Forex Trading Tips
Reply   
GBP/CAD is going up in Forex Market.

Our Recommendation:
BUY GBPCAD 1.6830 TARGETS 1.6855 1.6885 STOPLOSS 1.6800

For daily Forex trading tips with 3 days free trial visit: http://www.mmfsolutions.sg/services/forex-pack/

Amelia

bali sja 02:50 GMT November 29, 2016
He called for a cashless society.

Modi is an idiot, what a joke!

"A cashless economy is secure. It is clean"

dc CB 02:33 GMT November 29, 2016
He called for a cashless society.

Who needs elections, TPTB will do whatever they please to screw over the "usefull idiots". Send your donations to STOP(er Continue all this) to Jill Stein @sellout.com....$7Mill and counting on you rubes for much more.
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Following reports of some Aussie banks refusing to accept cash, Armstrong Economics' Martin Armstrong warns the headlines in Australia demonstrate how the press is already conspiring against the people. The new slogan rising is Cash is for Criminals. ABC of Australia ran the story:

Cash is for criminals: Why we should scrap big notes

http://www.abc.net.au/news/2016-10-21/world-awash-with-cash-fuels-illegal-activity/7933250

Cash is for Criminals Ė Taxing Cash Withdrawals from ATMs

Hong Kong 01:44 GMT November 29, 2016
AceTrader Nov 29: Daily Recommendations on Major EUR/USD
Reply   
Update Time: 29 Nov 2016 01:28 GMT

EUR/USD - 1.0605
Although yesterday's initial rally above last week's high at 1.0658 to 1.0686 on short-covering in euro confirms recent downtrend has made a temporary bottom at last Thursday's 20-month trough at 1.0518, subsequent sharp retreat to as low as 1.0564 in New York and then intra-day bounce to 1.0622 ahead of Asian open today suggests choppy price swings would be seen.

As long as 1.0658 holds, consolidation with mild downside bias remains, below 1.0564 would extend marginal weakness but 1.0518 should remain intact. Above 1.0686 would risk stronger correction to 1.0705/09 but res at 1.0746 should cap upside.

HK [email protected] 01:10 GMT November 29, 2016
He called for a cashless society.
Reply   

India's Prime Minister Narendra Modi has outlined his controversial plan to make India a cashless society. Indians are already up in arms following his recent and sudden decision to ban the old 500 and 1,000 rupee banknotes. They ceased to be legal tender in India from the 9th of November, although the old 500-rupee note was replaced by an updated version. The government claimed the move was an effort to stop the banknotes being used to fund terrorism, as well as being a crackdown on counterfeit money in India. The ban means 80 per cent of the country's currency has been withdrawn from circulation and business has been brought to a virtual standstill. It is very unpopular among most Indians.

Mr Modi went a step further on Sunday when he called for a cashless society. He said in a televised speech: "I want to tell my small merchant brothers and sisters, this is the chance for you to enter the digital world." He added: "Learn the different ways you can use your bank accounts and Internet banking. Learn how to effectively use the apps of various banks on your phones. Learn how to run your business without cash. Learn about card payments and other electronic modes of paymentÖ.A cashless economy is secure. It is clean." He addressed India's more tech-savvy people by declaring that: "All the youth of India can do it very quickly, and within a month, the world can see a modern India."

 




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