Forex Forum Archive for 02/1/2016

'dc' 'CB' 23:26 GMT February 1, 2016
HIGH IMPACT EVENTS

not included in yr list: IOWA

If Bernie Sanders defeats WallStreet's Choice (Hillary)- Democrats
If Trump win big against the traditional WSt funded Repub candies.

How will STox react to the threat to the Wall Street's Immunity.

Will Da Boys decide to punish the voters, spanking the crap out their 401K/IRAs---(it worked to get TARP)

GVI john 22:53 GMT February 1, 2016
HIGH IMPACT EVENTS
Reply   
WEEKLY HIGH IMPACT NEWS:

2-Feb Tuesday
03:30 AU- RBA Decision
08:55 DE- Unemployment
3-Feb Wednesday
All Day- Service PMIs
13:15 US- ADP Jobs
15:30 US- Crude
4-Feb Thursday
12:00 UK- Bank of England Decision
13:30 US- Jobless Claims
5-Feb Friday
03:00 JP- Bank of Japan
10:00 EZ- flash HICP
13:30 US/CA- Employment
13:30 US/CA Trade

GVI john 22:52 GMT February 1, 2016
My Tuesday Trades
Reply   
RBA should keep policy steady. The focus early Tuesday wilt be German employment. Then the calendar for the rest of the week picks up.

'dc' 'CB' 22:48 GMT February 1, 2016
Fun with Covers

the thing you will never read in any---how to weather stock market turmoil, think long term, stay the course...Chestnut advice that is currently being doled out to the "average" 401K/IRA "Investor"..... beyond NOT Telling them that this is NO LONGER a Louis Rukeyser/Peter Lynch Market....

AS SUCH those rules for success no longer Apply for the JoeSixPac work-every-day retire comfortably Investor. They will not be warned:

�If you run out of chips, you are out of the game.�

'Mt' 'JP' 22:17 GMT February 1, 2016
My Monday Trades

http://www.telegraph.co.uk/news/newstopics/eureferendum/12134110/How-EU-referendum-polls-are-getting-it-wrong-amid-a-cloud-of-uncertainty.html#disqus_thread
-
I am perplexed what about being partners with the European princes is good for the UK public

GVI Forex Blog 21:19 GMT February 1, 2016
CURRENT CONDITIONS: Mixed Markets Late in NY
Reply   

CURRENT CONDITIONS: Mixed Markets Late in NY

london red 20:38 GMT February 1, 2016
My Monday Trades

JP, the brexit camp in the lead from sundays most recent poll.

GVI Forex Blog 20:35 GMT February 1, 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

'Mt' 'JP' 20:25 GMT February 1, 2016
My Monday Trades

red what is meant by "poor polls"
tia

GVI john 20:24 GMT February 1, 2016
GVI Data Calendar for 2 February 2016

February 1, 2016 (global-view.com) UPCOMING DATA HIGHLIGHTS for Tuesday, February 2, 2016. Trading News Calendar

• Far East: AU- RBA Decision
• Europe: DE- Unemployment, GB- Construction PMI, EZ- PPI, Unemployment
• North America: US- API Crude

WEEKLY HIGH IMPACT NEWS:

2-Feb Tuesday 03:30 AU- RBA Decision 08:55 DE- Unemployment 3-Feb Wednesday All Day- Service PMIs 13:15 US- ADP Jobs 15:30 US- Crude 4-Feb Thursday 12:00 UK- Bank of England Decision 13:30 US- Jobless Claims 5-Feb Friday 03:00 JP- Bank of Japan 10:00 EZ- flash HICP 13:30 US/CA- Employment 13:30 US/CA Trade

london red 19:58 GMT February 1, 2016
My Monday Trades

better than expected pmis were said to have driven cable higher but its the deal with the eu that will be announced tomorrow officially that is getting some folk to cover their shorts. of course the deal is unlikely to make too much of a difference to the general public, but it certainly helps rather than hinders the stay in campaign after a weekend of poor polls.

Pasig evan 19:44 GMT February 1, 2016
My Monday Trades

GBPUSD
Entry: Target: Stop:

Second resistance is the reaction high crossing at 1.4646.

GVI john 19:34 GMT February 1, 2016
My Monday Trades

A short while ago, the a Citibank equity guy said their forecast for the end of 2016 is 2,150.

london red 19:34 GMT February 1, 2016
My Monday Trades

cable. 14512/24/65. fibs and prev low are initial res after this substantial fall.

GVI john 19:32 GMT February 1, 2016
My Monday Trades

wti closing @ $31.62 -2.00 LOD $31.30, HOD $34.07.

Pasig evan 19:10 GMT February 1, 2016
CURRENT CONDITIONS: Mixed Markets Late In Europe

GBPUSD
Entry: Target: Stop:

Stop best above 1.4430 but no guaranty.

'Mt' 'JP' 19:01 GMT February 1, 2016
CURRENT CONDITIONS: Mixed Markets Late In Europe

Sell GBPUSD
Entry: 1.44 Target: down Stop: >1.4425+

y/n ?
tia

'Mt' 'JP' 18:59 GMT February 1, 2016
CURRENT CONDITIONS: Mixed Markets Late In Europe

evan gbp only retracing Fridays down candle so far

'Mt' 'JP' 18:56 GMT February 1, 2016
BREAKING NEWS

Stanley not done yet:
bubbles about negative rates ... working more than I expected

'Mt' 'JP' 18:49 GMT February 1, 2016
STOX

acording to piece on MarketWatch / History says stocks are screaming buys when the S&P, Dow crater
-
buying a dip of, say 5%, in the S&P 500 would generate rich returns
http://www.marketwatch.com/story/history-says-stocks-are-screaming-buys-when-the-sp-dow-crater-2016-02-01?siteid=bigcharts&dist=bigcharts

says Nicholas Colas

Pasig evan 18:48 GMT February 1, 2016
CURRENT CONDITIONS: Mixed Markets Late In Europe

GBPUSD
Entry: Target: Stop:

Closes above the 20-day moving average crossing at 1.4390 are needed to confirm that a short-term low has been posted.

'Mt' 'JP' 18:43 GMT February 1, 2016
STOX

http://realmoney.thestreet.com/articles/02/01/2016/stressed-out-ultra-petroleum-plummets-sp-downgrade

'Mt' 'JP' 18:34 GMT February 1, 2016
BREAKING NEWS

Stanley: Four hikes in 2016 is 'among the numbers being talked about' but not predetermined

GVI john 18:32 GMT February 1, 2016
EXCLUSIVE: U.S. PCE Deflator Steady vs Revised Previos Figure

From earlier today Fed target, core PCE (red bar) has gradually been working higher...

U.S. Core PCE Deflator 1.40%. Fed Targets PCE Deflator.

'dc' 'CB' 18:31 GMT February 1, 2016
STOX

Feb 1 new OPM day...fund buying this afternoon

Livingston nh 18:28 GMT February 1, 2016
STOX

With oil dropping need to see stox move higher into the close to confirm the oil link is broken

GVI john 18:26 GMT February 1, 2016
PREVIEW: Bank of England Policy Decision Thursday at 12:00 GMT

I don't see the Bank of England policy decision on Thursday having much impact on the BOE. I also would place the odds on a surprise decision as extremely low.

'Mt' 'JP' 18:26 GMT February 1, 2016
BREAKING NEWS

Q&A we d like to see inflation go up
-
as he continues to repeat the same old tired unsubstantiated drivel of arbitrary 2% inflation target

GVI Forex Blog 18:23 GMT February 1, 2016
PREVIEW: Bank of England Policy Decision Thursday at 12:00 GMT
Reply   

No change in Bank of England monetary policy in expected on Thursday...

PREVIEW: Bank of England Policy Decision Thursday at 12:00 GMT

'Mt' 'JP' 18:19 GMT February 1, 2016
BREAKING NEWS

"we simply do not know" it is

'Mt' 'JP' 18:15 GMT February 1, 2016
BREAKING NEWS

Fischer does not know or "We simply do not know" as quoted on wire?

what a clown. maybe he ll say something different when he appears later on Bloomberg

GVI john 18:14 GMT February 1, 2016
BREAKING NEWS

Vice Chair Fischer prepared text

Recent Monetary Policy

GVI john 18:10 GMT February 1, 2016
BREAKING NEWS

Fischer seems to have changed his tune. He is a lot less the hawk that he was a very short while ago. It sounds like he is suddenly not trusting the employment statistics either. I have no idea if he is speaking only for himself or the Fed leadership as well?

GVI john 18:05 GMT February 1, 2016
BREAKING NEWS

Fed Vice Chair Fischer:
-- does not know what Fed will do at next FOMC
-- economic conditions only warrant gradual rate rises
-- increased economic uncertainty triggered volatility
-- modest overshoot of unemployment rate appropriate
-- labor slack may remain in market more than unemployment rate suggests

'Mt' 'JP' 18:02 GMT February 1, 2016
CURRENT CONDITIONS: Mixed Markets Late In Europe

how did Typical Monday start of month with traders trying to find a theme miss the gbp ???

'Mt' 'JP' 18:00 GMT February 1, 2016
My Monday Trades

get an arrest warrant for him and send a bailiff

on something about public official making misleading statements

GVI john 17:52 GMT February 1, 2016
My Monday Trades

Fed Vice Chair Fischer due to speak on the economy at the top of the hour. He has been sending misleading signals about Fed tightening recently.

GVI john 17:50 GMT February 1, 2016
EXCLUSIVE: 10-yr JGB Yields Going Negative?

Japan bond yields to 8-yrs (-0.02%) are all negative. Message to the Fed?

GVI Forex Blog 17:46 GMT February 1, 2016
EXCLUSIVE: 10-yr JGB Yields Going Negative?
Reply   

Japan update one business day after the announcement of new BOJ ease. Is the 10-yr JGB yield about to go negative? I think so...

EXCLUSIVE: 10-yr JGB Yields Going Negative?

GVI john 17:26 GMT February 1, 2016
CURRENT CONDITIONS: Mixed Markets Late In Europe

wti $31.56 -2.04 LOD $31,55

GVI john 17:23 GMT February 1, 2016
CURRENT CONDITIONS: Mixed Markets Late In Europe

Typical Monday start of month with traders trying to find a theme. The EURUSD has been probing the 1.0900 level. Where it winds up relative to that price could set the tone for the week, Friday sees January employment data, with most estimates for a reading of just below +200K. The expectation is that the December spike higher was weather- related due to messed-up "seasonal adjustments". A return to lackluster jobs growth could raise questions about a earl Fed policy "normalization".

Pasig evan 17:18 GMT February 1, 2016
eur/usd SHORT

EURUSD
Entry: Target: Stop:

Resistance at 1.0925 n 1.0940

GVI Forex Blog 17:12 GMT February 1, 2016
CURRENT CONDITIONS: Mixed Markets Late In Europe
Reply   

CURRENT CONDITIONS: Mixed Markets Late In Europe

'Mt' 'JP' 17:10 GMT February 1, 2016
eur/usd SHORT

and the res as u see it ?

Pasig evan 17:01 GMT February 1, 2016
eur/usd SHORT

EURUSD
Entry: Target: Stop:

Looks like 1.087 is the support now.

'Mt' 'JP' 16:48 GMT February 1, 2016
Currency Wars: Central Banks Running the Asylum

Jay - there appear 3 possibilities to deal with your angst:

1 - co-opt the CBankers in your trades
2 - demand a refund from your MBA school
3 - use Traders Advocate to push for legislative change to make the "experts" be held accountable (stripped of their expert qualifying PhD degrees / forcing resignations / forcing restitution ect)

Which will you choose?

'Mt' 'JP' 16:21 GMT February 1, 2016
eur/usd SHORT

or tp at 1.0855

GVI john 16:14 GMT February 1, 2016
BREAKING NEWS

Atlanta Fed GDPNow tracking forecast for 1Q16 GDP +1.2% pa. Initial 1Q16 estimate

--TTh

'Hillegom' 'Purk' 16:06 GMT February 1, 2016
eur/usd SHORT

Mybe i can get another chance above 109. 10903-10890 done. Rest stays.

GVI john 16:05 GMT February 1, 2016
BREAKING NEWS

Draghi confirming latest policy statements. So far nothing new.

'Hillegom' 'Purk' 15:49 GMT February 1, 2016
eur/usd SHORT

First half 10880, second let it run...

'Mt' 'JP' 15:32 GMT February 1, 2016
eur/usd SHORT

'Purk' 15:00 1.0860-ish trgt ?

GVI Forex Blog 15:30 GMT February 1, 2016
GVI Data Calendar for 2 February 2016
Reply   

February 1, 2016 (global-view.com) UPCOMING DATA HIGHLIGHTS for Tuesday, February 2, 2016. Trading News Calendar

• Far East: AU- RBA Decision
• Europe: DE- Unemployment, GB- Construction PMI, EZ- PPI, Unemployment
• North America: US- API Crude

GVI Data Calendar for 2 February 2016

'Mt' 'JP' 15:29 GMT February 1, 2016
My Monday Trades

short gbpusd against Pivot Res 3 1.4369 +
if it breaks uP could run to 1.44+

'Mt' 'JP' 15:26 GMT February 1, 2016
My Monday Trades

short euro sl 1.0918+

GVI john 15:16 GMT February 1, 2016
BREAKING NEWS

"Strong USD" and weak overseas demand a weight on Mfg sector. U.S and everyone else need a weaker currency. Everyone can't weaken their currency at once!

PAR 15:12 GMT February 1, 2016
BREAKING NEWS

US manufacturing as bad as Chinese manufacturing , if not worse .

PAR 15:08 GMT February 1, 2016
BREAKING NEWS

Central Economic Planning by Central Banks doesnt work .
Not in China , not in Europe , not in USA as it also did not work in the former Soviet Union.

GVI john 15:08 GMT February 1, 2016
EXCLUSIVE: U.S. ISM Mfg PMI Steady. Markit Mfg PMI Revised Down

Mixed MDG PMI data. More important ISM reasing suggests Mfg recession.

GVI Forex Blog 15:06 GMT February 1, 2016
EXCLUSIVE: U.S. ISM Mfg PMI Steady. Markit Mfg PMI Revised Down
Reply   

U.S. ISM Mfg weaker than expected. Final Markit PMI revised down. ISM report more important.

EXCLUSIVE: U.S. ISM Mfg PMI Steady. Markit Mfg PMI Revised Down

'Mt' 'JP' 15:03 GMT February 1, 2016
My Monday Trades

usdyen
Pivot 120.22
Sup 1 119.35
Sup 2 117.60
Sup 3 116.73

GVI john 15:01 GMT February 1, 2016
BREAKING NEWS

ISM Mfg PMI flat. Construction Spending misses

'Mt' 'JP' 15:01 GMT February 1, 2016
My Monday Trades

eurusd
Res 3 1.1055
Res 2 1.1002
Res 1 1.0916

Pivot 1.0863

GVI john 15:00 GMT February 1, 2016
BREAKING NEWS

U.S. Construction Spending December 2015

'Hillegom' 'Purk' 15:00 GMT February 1, 2016
eur/usd SHORT

second short 10903

GVI john 15:00 GMT February 1, 2016
BREAKING NEWS

U.S. ISM Manufacturing PMI January 2015

'Mt' 'JP' 14:59 GMT February 1, 2016
My Monday Trades

gbpusd Pivot Res 3 1.4369

Livingston nh 14:58 GMT February 1, 2016
STOX
Reply   
STOX getting hit but no rush to treasurys

GVI john 14:45 GMT February 1, 2016
BREAKING NEWS

Slight Miss

GVI john 14:45 GMT February 1, 2016
BREAKING NEWS

U.S. Markit PMI January 2016

GVI Forex Blog 14:35 GMT February 1, 2016
EXCLUSIVE: Canada Markit Mfg PMI Better
Reply   

Canada Markit PMI improves but still sub-50.

EXCLUSIVE: Canada Markit Mfg PMI Better

GVI john 14:30 GMT February 1, 2016
BREAKING NEWS

Canada Markit PMI January 2016

'Mt' 'JP' 14:04 GMT February 1, 2016
My Monday Trades

Yakkers on deck today
Draghi at 11:00 NYT
Fischer at 13:00 NYT

'Mt' 'JP' 13:44 GMT February 1, 2016
Currency Wars: Central Banks Running the Asylum

Are global markets losing faith in central banks?

--
ECB Nowotny:
China developments are a concern,
policy could be reconsidered in March
markets expected too much easing in December and �should learn� from that
----
Nothing about Bankers learning anything

GVI Forex Blog 13:36 GMT February 1, 2016
EXCLUSIVE: U.S. PCE Deflator Steady vs Revised Previos Figure
Reply   

U.S. Core PCE Deflator 1.40%. Fed Targets PCE Deflator.

EXCLUSIVE: U.S. PCE Deflator Steady vs Revised Previos Figure

GVI john 13:31 GMT February 1, 2016
BREAKING NEWS

U.S. Personal Income/PCE Deflator December 2015

Livingston nh 13:15 GMT February 1, 2016
Currency Wars: Central Banks Running the Asylum

Further to my comment that you can't fight deflation w/ nega rates

From the VP of Research @ St Louis Fed LINK

'Hillegom' 'Purk' 13:07 GMT February 1, 2016
eur/usd SHORT
Reply   
First one in 10882.

GVI john 12:50 GMT February 1, 2016
My Monday Trades

S&P and wti have just fallen sharply to LOD. Weaker stox giving EURUSD a lift. EURJPY cross now trading sideways (= lower USDJPY).

Livingston nh 12:36 GMT February 1, 2016
USD/CAD
Reply   
As reality returns oil drops again - USD/CAD will rally - BoC and fiscal policy still favor the trade

Israel Dil 12:27 GMT February 1, 2016
Russian Rouble

turned to be the right trade. .. covered with 11.4% gain net/net

Livingston nh 11:56 GMT February 1, 2016
Currency Wars: Central Banks Running the Asylum

Inflation is still a problem in many countries - Brazil, Russia, Turkey et al - and we certainly don't have deflation in the US

Central Banks have been taken over by the backroom boyz who were previously confined to the role of bean counters - look at the Fed Board of Governors, no practical real world experience - just academics, think tanks and government

So Theory rules, governed by what SHOULD work and not what works

GVI john 10:47 GMT February 1, 2016
My Monday Trades

DAX -60
DJ -69
S&P -8.5
Equities turning risk off

10-yr
U.S. 1.932% +0.3bp
DE 0.327% -0.1bp
UK 1.573% +2.2bo
JA 0.071% -3.2bp
bond yields broadly adjusting lower to reduced growth expectations. Note the 10-yr JGB yield could easily turn negative and U.S. 10-yr seemingly solidly below 2.00%.

wti $33.12 -0.49 LOD $33.70. Chatter there is no consensus for production cuts in OPEC.

jkt abel 10:44 GMT February 1, 2016
buy cable

let's see reaction at 1.4220-40 IMHO

kl fs 10:42 GMT February 1, 2016
buy cable

shawn, looks good
buy 1.4260-80, stop below 1.4220, for 1.44-1.46

GVI Forex Blog 10:33 GMT February 1, 2016
Global-View Trading Technologies
Reply   

Global-View Trading Technologies

kl shawn 10:31 GMT February 1, 2016
buy cable
Reply   
looks like 1.4220 should hold any downside today

'Mt' 'JP' 10:05 GMT February 1, 2016
EXCLUSIVE: U.K. Manufacturing PMI Beats Expectations

and now one quik reversal of pounds reaction pop to $1.431x after U.K. manufacturing PMI - all poof now

'Hong '' 09:52 GMT February 1, 2016
AceTrader Feb 1: Daily Recommendations on Major -USD/JPY
Reply   
Update Time: 01 Feb 2016 08:15 GMT

USD/JPY - 121.11
The greenback's over 2% jump to a fresh 1-month peak at 121.42 after Bank of Japan announced negative interest rates on Friday suggests recent erratic upmove remains in progress and consolidation with upside bias would be seen for gain towards 121.70/80, however, over bought condition would prevent steep gain above there and risk would increase for a much-needed correction early next week.

On the downside, only below support at 119.60 would confirm a temporary top has been made and risk stronger retracement towards 119.10/20.

GVI Forex Blog 09:46 GMT February 1, 2016
Global-View Trading Technologies
Reply   

USD Pivot Points, Support and Resistance Levels. Chart Point tables.

GVI Forex Blog 09:40 GMT February 1, 2016
CURRENT CONDITIONS: Mixed Markets Early in Europe
Reply   

CURRENT CONDITIONS: Mixed Markets Early in Europe

GVI Forex Blog 09:34 GMT February 1, 2016
EXCLUSIVE: U.K. Manufacturing PMI Beats Expectations
Reply   

U.K. Manufacturing PMI beats expectations

EXCLUSIVE: U.K. Manufacturing PMI Beats Expectations

jkt abel 09:32 GMT February 1, 2016
BREAKING NEWS

any trading idea for cable?

GVI john 09:30 GMT February 1, 2016
BREAKING NEWS

Manufacturing PMI January 2016

-- NEWS ALERT --
52.9 vs. 51.6 exp. vs. 51.9 (r 52.1) prev.

GVI Forex Blog 09:16 GMT February 1, 2016
EXCLUSIVE: Swiss PMI MIsses
Reply   

EARLIER: Swiss PMI eases

EXCLUSIVE: Swiss PMI MIsses

GVI john 09:12 GMT February 1, 2016
BREAKING NEWS

Swiss PMI January 2016

GVI Forex Blog 09:08 GMT February 1, 2016
EXCLUSIVE: Eurozone Final Manufacturing Mostly Revised Higher
Reply   

EZ, GE and FR final Mfg PMIs. Data revisions mostly up.

EXCLUSIVE: Eurozone Final Manufacturing Mostly Revised Higher

GVI john 09:03 GMT February 1, 2016
BREAKING NEWS

Final MFG PMI January 2016

GVI Forex Blog 08:59 GMT February 1, 2016
EXCLUSIVE: China PMIs Miss
Reply   

China PMIs remain Soft

�

EXCLUSIVE: China PMIs Miss

GVI Forex Blog 08:57 GMT February 1, 2016
EXCLUSIVE: Japan Final PMI Better
Reply   

Final Japan PMI Better

EXCLUSIVE: Japan Final PMI Better

GVI john 08:52 GMT February 1, 2016
BREAKING NEWS

Japan final PMI January 2016

GVI john 08:47 GMT February 1, 2016
BREAKING NEWS

China PMIs January 2016

HK Kwun 05:12 GMT February 1, 2016
Jan is the best performing sector
Reply   
Buy Gold
Entry: 1121 Target: Stop: 1111

Buy gold after break 1119

'dc' 'CB' 04:51 GMT February 1, 2016
JP: U ask why the NYTimes Still Exists
Reply   



�Why do people want to get stuck in the past?� asked Anna Wintour, Cond� Nast�s artistic director.

Cond� Nast Adapts to New Forces, Leaving Some Employees Unsettled

'Hong '' 04:28 GMT February 1, 2016
AceTrader Feb 1: Intra-Day Market Moving News and Views- EUR/USD
Reply   
01 Feb 2016 03:22GMT

EUR/USD - ....... Although the single currency remained under pressure in early trade in New Zealand and weakened to 1.0815 ahead of Asian open, renewed buying interest above Fri's low at 1.0810 lifted the pair n price pared its losses n rebounded to 1.0846 in Asian morning due partly to dlr's broad-based weakness.

Germany and EZ will release their manufacturing PMIs at 08:55 and 09:00 respectively.
Street forecasts are for both the figures to remain unchanged at 52.1 and 52.3 resp.

Offers are now seen at 1.0850/60 and more above at 1.0870/80 with stops building up above there whilst initial bids are noted at 1.0790/00, suggesting selling on pullback still remains the favored strategy.

'Mt' 'JP' 04:06 GMT February 1, 2016
Currency Wars: Central Banks Running the Asylum

http://www.marketwatch.com/story/bernanke-says-he-never-expected-rates-to-be-at-zero-for-so-long-2015-12-15?page=1

Ben on negative rates : I don�t think it should be something of creating a lot of anxiety for ordinary people at this point.

GVI Forex Blog 03:01 GMT February 1, 2016
Currency Wars: Central Banks Running the Asylum
Reply   

I have an undergraduate degree in economics plus an MBA in finance and when I went to school monetary policies conducted today by major central banks would have been considered heresy

Currency Wars: Central Banks Running the Asylum

'dc' 'CB' 01:40 GMT February 1, 2016
Battle is Joined



Don't Mess with Mary Jo
The New Sheriff of Wall Street.
Barrack Obama , Jan 2013

'Hong '' 01:39 GMT February 1, 2016
AceTrader Feb 1: Intra-Day Market Moving News and Views- USD/CNH (offshore)
Reply   
01 Feb 2016 01:21GMT

USD/CNH (offshore) - ...... Dlr climbed vs the yuan after official Chinese manufacturing data was released earlier than official release time. Reuters reported NBS Jan mfg index fell to a near 3-1/2 year low of 49.4 vs forecast of 49.6, previous month's reading was 49.7. In addition, NBS Jan non-mfg index came in at 53.5 vs previous month's reading at 54.4.
The antipodean currencies (aud n nzd) both fell to intra-day lows of 0.7043 and 0.6449 vs the usd respectively after the downbeat data.
Reuters reported this morning several major hedge funds are piling into bets that China's currency will decline against the dollar, according to the Wall Street Journal.

Hayman Capital Management has invested about 85 percent of its portfolio in bets against the yuan and the Hong Kong dollar, and Greenlight Capital holds options that pay off if the yuan falls. Hedge fund managers Stanley Druckenmiller and David Tepper have also taken positions against the Chinese currency.

The bets reflect the multitude of pressures on China's currency, including a slowing economy, unsteady financial markets and persistent capital outflows that have diminished the country's formidable foreign reserves.
At the same time, the U.S. dollar has risen steadily against other currencies as the relative strength of its economy has compelled the Federal Reserve to raise interest rates for the first time since the 2009 recession.

'dc' 'CB' 01:33 GMT February 1, 2016
Battle is Joined

'dc' 'CB' 21:35

https://twitter.com/nanexllc/status/693964147348873216

Calling Eliz Warren

'Sydney' 'ACC' 01:24 GMT February 1, 2016
Tom/Next Points
Reply   
I have recently switched to a new programme marketed by the broker I've dealt with for a number of years.

Today I transacted a small USD/JPY trade at 8:06 Sydney time and have been charged rollover costs for the trade.

Does anyone get levied rollover costs for a trade transacted before 9:00am Sydney time which is 5:00pm New York time Sunday.

NB I had no position over the weekend.

nw kw 00:57 GMT February 1, 2016
My Monday Trades

out for now +

nw kw 00:31 GMT February 1, 2016
My Monday Trades

risking long gbp/aud 4h at 2.0185 for now.