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Forex Forum Archive for 03/02/2016

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


dc CB 21:02 GMT March 2, 2016
Trump is coming: All mice to the exits.



Obama frontruns Trump
________________________________________
The Wall Street Journal reports, The Department of Commerce Tuesday imposed preliminary duties on imports of cold-rolled steel, used to make auto parts, appliances and shipping containers, from seven countries including China, whose steelmakers were slapped with a massive tariff.

The duties, set at 265.79% for Chinese steelmakers, will be imposed within the next week but must still be confirmed in a final determination scheduled for this summer. They are meant to punish dumping, or selling below cost. to improperly gain market share. Chinese officials have denied the practice.

After enduring one of their worst downturns ever, American steelmakers are now counting on tariff protection to help ride out a weak market. A slowdown in the steel-heavy oil-and-gas industries combined with a boom in Chinese exports has deflated steel prices around the world.

US Unleashes Trade War With China

GVI Forex john bland 20:35 GMT March 2, 2016
GVI Data Calendar for 3 March 2016

Trading News Calendar

  • Far East: AU- Retail Sales
  • Europe: EZ/GB- Service PMIs, EZ-Retail Sales
  • North America: US- Weekly Jobless, Productivity, Service PMIs, Factory Orders, Natural Gas

GVI Forex Blog 20:34 GMT March 2, 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

Mtl JP 20:25 GMT March 2, 2016
Trump is coming: All mice to the exits.

they will feel really stupid after hillary chews donald and spits him out

nw kw 20:23 GMT March 2, 2016
BREAKING NEWS

food price fear, bnn. cad.

HK [email protected] 19:53 GMT March 2, 2016
Trump is coming: All mice to the exits.
Reply   


Huge increase in people interested to get information about migrating to Canada(probably including kinds of illegal stays).

'Cape Breton If Trump Wins' gets help from tourism agency

Mtl JP 19:10 GMT March 2, 2016
Wednesday Trading

importance of the report = risk of players reaction measured in +/- pips
magnitude of +/- pips is what makes it whether its tradable or not
if the reaction is under 10 pips .... pffft probably a losing trade the news thinggie

this one too turning out to be a wet noodle today

dc CB 19:06 GMT March 2, 2016
BREAKING NEWS

The Oscar's are TOOOOOO WHITE....I Protest

GVI Forex john bland 19:05 GMT March 2, 2016
BREAKING NEWS

Republican Ben Carson suspends his campaign.

dc CB 19:02 GMT March 2, 2016
BREAKING NEWS

isn't it clear, E&P companies have loaded themselves up with debt taken on when oil was well above $50 (if you recall, $50 used to be touted as the BEven line as oil was falling from the mid 70s).

Rex won't buy them, no one will lend them anymore...soooooo they are now floating stock offerings...and basically Rex is hinting that buying that is not such a good idea...Mr Institutional betting OPs 401K money.
...........................................................

AND the Machine Traded Award of the Day goes to....the envelope please

EUR/USD 10min

GVI Forex john bland 19:00 GMT March 2, 2016
BREAKING NEWS

U.S. Fed Beige Book

U.S. Data Charts




NEWS ALERT
mixed report


TTN: Live News Special Offer

GVI Forex john bland 18:58 GMT March 2, 2016
Wednesday Trading

rating refers to MY SUBJECTIVE OPINION on the importance of the report, not whether its tradable. Not all "A" reports are tradable. That can depend on what the report says.

Mtl JP 18:54 GMT March 2, 2016
Wednesday Trading

john bland 18:42 - how - if - is the A release tradeable ?

Mtl JP 18:47 GMT March 2, 2016
BREAKING NEWS

what - do u think - is wrong with Rex Wayne ?

... like buying a house with a big mortgage: there's not a lot of equity there = value's been destroyed ...

value (vs price) depends on what one is buying a house for - value is that for which is the use of it

like what is the value to u of a healthy camel in the middle of a desert ?

GVI Forex john bland 18:42 GMT March 2, 2016
Wednesday Trading

Fed's Beige Book is due at the top of the hour. This will be one factor of many that will be considered af the Fed policy meeting in two weeks time.

dc CB 18:35 GMT March 2, 2016
BREAKING NEWS

Rex Wayne Tillerson, Chairman, President, and CEO of Exxon Mobil Corporation:

*on buying a US E&P company: "It's like buying a house with a big mortgage: there's not a lot of equity there"

*on oil M&A: "It’s getting more difficult, not easier" to do deals. "The value's been destroyed, but expectations haven't changed"

*"There's a lot of quality resources out there. It's just how they've been encumbered [with debt]" that stops Exxon from buying them

Dubai Tony 18:31 GMT March 2, 2016
USD/JPY
Reply   
Buy USDJPY
Entry: Target: Stop:

Currently USD/JPY trading at around 113.50.Where do we see the movement of this pair from here on.TIA.

Israel Dil 18:27 GMT March 2, 2016
European banking/financial stocks and not only European

so, can we call it a nice ride?

Mtl JP 18:22 GMT March 2, 2016
BREAKING NEWS

last category A risk release at top of hour on this narrow range day sofar
19:00 A US FRB Beige Book
-
I want to believe this one has odds of moving players a bit
probably best played by way of a bracket order few moments before 19:00

Israel Dil 18:20 GMT March 2, 2016
BREAKING NEWS

21st century refugees due to 'I want to sell my stuff in a currency of my choice'

dc CB 17:30 GMT March 2, 2016
BREAKING NEWS

With oil prices recovering, share prices have also risen from the offering, further enticing other producers to follow suit.

This is the proverbial "we've hit a bottom" thesis, based on nothing more than other "investors of other people's money" saying, or rather praying, that we've hit a bottom.

"People are seeing oil prices start to bounce back, and they’re starting to think that maybe we’ve found a bottom and can turn it around," said Carl Larry, head of oil and gas for Frost & Sullivan LP. “These share offerings are an opportunity for institutional funds to get into the energy play."

As A Frenzied Wall Street Buys Shale Equity Offering At A Record Pace, Exxon's CEO Has A Stark Warning

PAR 17:16 GMT March 2, 2016
BREAKING NEWS

Venezuela is bankrupt . Next refugees from Venezuela fleeing to Calais .

Mtl JP 16:52 GMT March 2, 2016
BREAKING NEWS

sl on short gbp at cost + a few to trail

dc CB 16:49 GMT March 2, 2016
BREAKING NEWS

well when you can't issue debt....sell stock.

re: dc CB 22:02 GMT March 1, 2016

Mtl JP 16:44 GMT March 2, 2016
BREAKING NEWS

says sherlock :
http://www.marketwatch.com/story/stress-in-energy-credit-market-is-now-at-record-levels-2016-03-02?siteid=bigcharts&dist=bigcharts

dc CB 16:39 GMT March 2, 2016
BREAKING NEWS

GREECE IS FIXED!!!!!

oh wait

VENEZUELA SAYS MEETING SOON WITH 15 OR MORE COUNTRIES

GVI Forex john bland 16:31 GMT March 2, 2016
BREAKING NEWS

Despite a strong recovery. &P only about even on the day.

PAR 16:19 GMT March 2, 2016
BREAKING NEWS

http://finance.yahoo.com/news/upside-plunging-oil-prices-150004720.html

Mtl JP 16:09 GMT March 2, 2016
BREAKING NEWS

short gbp 1.408
tight sl

GVI Forex john bland 16:07 GMT March 2, 2016
BREAKING NEWS

Bexit poll 41% stay 41% leave

Source TTN

Mtl JP 15:41 GMT March 2, 2016
BREAKING NEWS

Mtl JP 14:43 GMT February 23, 2016
I like the VDO and SUN of the oil field
storage refining retailing

PAR 15:39 GMT March 2, 2016
ADP NFP
Reply   
This 214000 ADP sets up for NFP of above 250000.

Construction spending was almost all government spending . In an election year the government is sure to add at least 40000 jobs ( voters) a month . So that brings us to a NFP of at least 255.000.

Why is the forecast 200.000 ?

PAR 15:34 GMT March 2, 2016
BREAKING NEWS

Thats good news . Invest in companies which store crude.
At least if the owners of the crude can pay for the storage .

Hi Hi

dc CB 15:34 GMT March 2, 2016
BREAKING NEWS

quick quick somebody spin this

get crude up to $35

dc CB 15:33 GMT March 2, 2016
BREAKING NEWS

CUSHING STOCKS +1.2M TO 66.3M BARRELS

GVI Forex john bland 15:31 GMT March 2, 2016
BREAKING NEWS

big build

GVI Forex john bland 15:30 GMT March 2, 2016
BREAKING NEWS

US EIA Weekly Inventories

U.S. Data Charts






NEWS ALERT
Crude Oil: +10.400 vs. +3.500 exp vs. +2.200 prev.
Gasoline: -1.500 vs. -1.470 exp vs. -2.200 prev.
Distillates: +2.900 vs. -1.100 exp vs. -1.700 prev.
Cap/Util: vs. 87.3% prev.




Weekly Petroleum Status

Report



TTN: Live News Special Offer

Belgrade TD 15:26 GMT March 2, 2016
Crude

PAR 15:14 GMT 03/02/2016
even with extreme optimism, a fusion power in practical applications, certainly not before 2030 ... IF ...

PAR 15:14 GMT March 2, 2016
Crude
Reply   
Economic non sense. Crude demand is declining not because of an economic downturn but because of more efficient energy consumption and alternative energy.

If European nuclear fusion works we will no longer need crude . Is that bad . I don't think so. Should Draghi lower rates because crude prices go down because Europe invested in efficiency and alternatives.

Draghi is not serving the interest of the European citizens but the interest of obsure mafiosi businesses

Lower oil prices are not a sign of deflation or economic downturn. It reflects progress.

GVI Forex Blog 15:14 GMT March 2, 2016
GVI Data Calendar for 3 March 2016
Reply   


March 2, 2016 (global-view.com) UPCOMING DATA HIGHLIGHTS for Thursday, March 3, 2016. Trading News Calendar

  • Far East: AU- Retail Sales
  • Europe: EZ/GB- Service PMIs, EZ-Retail Sales
  • North America: US- Weekly Jobless, Productivity, Service PMIs, Factory Orders, Natural Gas

WEEKLY HIGH IMPACT NEWS:

2-Mar WEDNESDAY
13:15 US- ADP Private Jobs
15:30 US- EIA Crude
3-Mar THURSDAY
All Day Many- Final Service PMIs
13:30 US- Weekly Jobless
4-Mar FRIDAY
13:30 US/CA- Trade
13:30 US- Employment

GVI Data Calendar for 3 March 2016

FW CS 14:59 GMT March 2, 2016
Wednesday Trading

gbpusd sell also at 10 day MA may work as well if it can get there.

Mtl JP 14:38 GMT March 2, 2016
BREAKING NEWS

14:36 is a prediction

Mtl JP 14:36 GMT March 2, 2016
BREAKING NEWS

another A category risk data fizz; 0:3 sofar
15:30 A US EIA Crude

Mtl JP 14:13 GMT March 2, 2016
Wednesday Trading

do we sell gbp here at 1.4035 or wait to see 1.4080+ to short ?
tia

dc CB 13:59 GMT March 2, 2016
BREAKING NEWS: U.S. ADP Private Employment Stronger Than Expected

PAR
from the cynic's corner.

There's now another "factor".
Mark Zandi - Chief eCONomist at Moody's ANALytics -which puts out the ADP every month. Bad NEWZ, NO Obama recovery = no 4 more years = Hillary loses = Trump wins = Mark Zandi out of a job as The Donald will undoubtly have his own "Fudge (then numbers) Factory" release the "DATA" ...

All data is now personnal. lol

London Chip 13:49 GMT March 2, 2016
BREAKING NEWS: U.S. ADP Private Employment Stronger Than Expected

PAR ..always ''human'' element involved ... i say no more

Mtl JP 13:47 GMT March 2, 2016
Wednesday Trading

usdcad chartpoints
Res 2 1.3609
Res 1 1.3503
Pivot 1.3445
-
nh if u r long first tp trgt 1.3545
gv chartpoints: THE price points authority

Livingston nh 13:44 GMT March 2, 2016
Wednesday Trading

CB - stox futures fading as FEAR Factor creeps back into Treasurys -- maybe stox realize the Fed is watching

dc CB 13:41 GMT March 2, 2016
Wednesday Trading

big battle going on pre market in gold, euro,jpy, treas,
Big 15 min candles railroad tracking for the past 45 mins...red green red green...must be christmas

HK [email protected] 13:41 GMT March 2, 2016
Indonesia issues tsunami warning after 7.9 quake strikes off Sumatra
Reply   
.

PAR 13:37 GMT March 2, 2016
BREAKING NEWS: U.S. ADP Private Employment Stronger Than Expected

How can ADP revise figures ? Do they also do a survey ? I always taught these Dara were reliable ? Not anymore ?

Mtl JP 13:37 GMT March 2, 2016
Wednesday Trading

nh maybe u get lucky w/usdcad
I like long on break N of 1.3450
use 50 as sl

dc CB 13:34 GMT March 2, 2016
BREAKING NEWS: U.S. ADP Private Employment Stronger Than Expected

Obama's recovery is steaming ahead, Vote for Hillary for 4/8 more years.

Full employment, a $15/hr job for everyone.

Livingston nh 13:32 GMT March 2, 2016
BREAKING NEWS: U.S. ADP Private Employment Stronger Than Expected

The Fed will only acknowledge employment as part of its "data dependent" analysis if it is weak - it is running out of excuses

dc CB 13:31 GMT March 2, 2016
BREAKING NEWS: U.S. ADP Private Employment Stronger Than Expected

Mark Zandi, chief economist of Moody’s Analytics

“Despite the turmoil in the global financial markets, the American job machine remains in high gear. Energy and manufacturing remain blemishes on the job market, but other sectors continue to add strongly to payrolls. Full-employment is fast approaching.”

PAR 13:29 GMT March 2, 2016
BREAKING NEWS: U.S. ADP Private Employment Stronger Than Expected

Forecasts tend to be biased in underestimating US economic activity

GVI Forex Blog 13:26 GMT March 2, 2016
BREAKING NEWS: U.S. ADP Private Employment Stronger Than Expected
Reply   

ADP Private Employment stronger than expected.


Click on chart for more than 10-yr history

BREAKING NEWS: U.S. ADP Private Employment Stronger Than Expected

Mtl JP 13:25 GMT March 2, 2016
BREAKING NEWS

next A risk category :
19:00 A US FRB Beige Book

Mtl JP 13:20 GMT March 2, 2016
BREAKING NEWS

another A risk category misclassification:
13:15 A US ADP Jobs
-
5min bar 10 pip range

Livingston nh 13:17 GMT March 2, 2016
Wednesday Trading

USD/CAD - some bounce (CATZ?) expected soon as shorter term charts improve but daily remains in downtrend - maybe interest rates take the baton from oil to drive this one back towards 1.38

GVI Forex john bland 13:15 GMT March 2, 2016
BREAKING NEWS

U.S. ADP Private Employment February 2016

U.S. Data Charts




ALERT
+214K vs. +180K exp. vs. +205K (r +193 ) prev.


U.S. Data Charts

RELEASE: ADP National Employment Report®



TTN: Live News Special Offer


Mtl JP 13:09 GMT March 2, 2016
Wednesday Trading

nh If Trump wins the upcoming U.S. election, Cape Breton Island is ready to welcome Americans looking for refuge in Canada

Mtl JP 13:01 GMT March 2, 2016
Wednesday Trading



nh ur nemesis puppy - if u want to short it some decent rr levels against which to take a flier

Livingston nh 12:58 GMT March 2, 2016
Wednesday Trading

JP - in US the election seems to have motivated the villagers to take up pitchforks and march to the castle -- will Canada take the refugees?
____

GBP/JPY floating higher

Mtl JP 12:53 GMT March 2, 2016
Wednesday Trading

re fundamentals matter ...
-
GVI Forex Jay 15:12 GMT April 21, 2010
Many have heard me say over the years to never count on central banks to bail you out of a position.

GVI Forex Jay 17:21 GMT March 23, 2010
There is an old saying in forex trading not to count on central banks to bail you out of a position.

GVI Forex Jay 13:46 GMT March 23, 2010
JP, as I have said many times, I never count on CBs to bail me out.

-
players in thrall to "fundamentals" deserve what they get

GVI Forex john bland 12:43 GMT March 2, 2016
Wednesday Trading

ADP Private payrolls for Feb due at 13:15 consensus +180K vs. +205 for January. Its a unreliable forecast, but it does strongly influence the tone for street expectations for NFP on Friday. The employment sub-component of the ISM Service PMI tomorrow tends to influence the outlook for payrolls as well. The Friday data could be influential for the Fed meeting on March 16. Keep in mind, markets move well in advance of these meetings.

Obviously, whether you like the fundamentals or not, they matter. The EURUSD is weak now in anticipation of the ECB meeting over a week from now. In most cases, central bank policy decisions only confirm what the markets have already priced in weeks in advance.

GVI Forex Blog 11:17 GMT March 2, 2016
EXCLUSIVE: Australia GDP Revised Higher
Reply   

EARLIER: 4Q15 GDP better than expected.


EXCLUSIVE: Australia GDP Revised Higher

GVI Forex Blog 10:49 GMT March 2, 2016
Global-View Trading Technologies
Reply   

Momentum based market biases plus key chart points in descending price order.

Global-View Trading Technologies

GVI Forex john bland 10:35 GMT March 2, 2016
Wednesday Trading
Reply   
DAX +15
DJ -39
SP -5
equities turning south after trading higher earlier

10-yr
US 1.846% +2.1 bp
DE 0.201% +4.6
GB 1.443% +8.2
JP -0.030% +3.3

wti $33.80 -0.60 ($34.28-33.62)

EUR mostly higher on its crosses. It is about steady vs. USD and sharply lower vs. AUD

Hong Kong HK 10:17 GMT March 2, 2016
AceTrader Mar 2: Daily Recommendations on Major -USD/JPY
Reply   
Update Time: 02 Mar 2016 08:47 GMT

USD/JPY - 114.21
Despite the greenback's selloff to a fresh 2-week trough at 111.04, subsequent strong rebound suggests further choppy trading above February's low at 110.99 would continue with upside bias and gain towards 114.30/40 is likely to be seen.
However, as broad outlook remains consolidative, reckon resistance at 114.88 should remain intact and bring another fall later today or early tomorrow.

On the downside, only below 111.04 would revive bearishness for a re-test of 110.99, break would confirm recent downtrend has resumed and yield further weakness towards 110.40/50.

nw kw 10:16 GMT March 2, 2016
Crude

Saudis happy so cut production in time to than usa happy.

GVI Forex john bland 10:01 GMT March 2, 2016
BREAKING NEWS

Eurozone PPI February 2016





ALERT
mm: -1.00% vs. -1.00% exp. vs. -0.80% prev.
yy: -2.90% vs. -3.00% exp. vs. -3.00% prev.


TTN: Live News Special Offer

GVI Forex john bland 10:00 GMT March 2, 2016
BREAKING NEWS

kw see

Econ data Charts

GVI Forex john bland 09:57 GMT March 2, 2016
BREAKING NEWS: U.K. Construction PMI Misses Estimates

Note downturn in UK PMIs below. Key focus tomorrow will be the Service PMI. Most of the advanced economies are Services driven.

PAR 09:45 GMT March 2, 2016
Crude
Reply   
Crude stays strong despite massive oversupply . OPEC revenues boosted by stronger dollar which compensate for lower crude price, Saudis happy. USA happy.

GVI Forex Blog 09:42 GMT March 2, 2016
Global-View Trading Technologies
Reply   

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

Using Pivot Points in Forex Trading

Global-View Trading Technologies

nw kw 09:42 GMT March 2, 2016
BREAKING NEWS

Forex john do have GDP chart capering different ecos. tks.

GVI Forex Blog 09:37 GMT March 2, 2016
BREAKING NEWS: U.K. Construction PMI Misses Estimates
Reply   

U.K. Manufacturing PMI misses street forecasts and weakens.

BREAKING NEWS: U.K. Construction PMI Misses Estimates

nw kw 09:32 GMT March 2, 2016
BREAKING NEWS

is gbp supported? eur GDP to gbp, markets on.

GVI Forex john bland 09:30 GMT March 2, 2016
BREAKING NEWS

UK data miss

GVI Forex john bland 09:30 GMT March 2, 2016
BREAKING NEWS

Construction PMI February 2016




-- NEWS ALERT --

54.2 vs. 55.5 exp. vs. 55.0 prev.



TTN: Live News Special Offer


nw kw 09:29 GMT March 2, 2016
Wednesday Trading

ECB trashed gbp beater deal, bloom.
bonds.

GVI Forex john bland 09:26 GMT March 2, 2016
Wednesday Trading
Reply   
Themes --

  • No major surprises from the "Super Tuesday" results in the U.S. Hillary Clinton is now well on her way to get the Democrat Party nomination, While Donald Trump continues to advance in the Republican Party. Trump is not quite as far along in securing the nomination as Clinton.
  • Markets are in a "Risk-On" posture again today as there is a growing market perception that the global economy is getting onto a firmer footing.
  • In a letter, ECB President Draghi hinted that the central bank is preparing to take further stimulus actions at its meeting in just over a week's time.

nw kw 09:25 GMT March 2, 2016
SPDR keep increase holding

Singapore and gold, chart lead some good moves some one on this chart? tks.

nw kw 09:19 GMT March 2, 2016
SPDR keep increase holding

Singapore/usa big moves.

nw kw 09:17 GMT March 2, 2016
SPDR keep increase holding

PAR, do we run for cheap china swop Singapore.///fire lit.

nw kw 09:13 GMT March 2, 2016
SPDR keep increase holding

cad and aud has good GDP from gov. spending is usa still new construction support .for its is in cad part china on flee, and china carry trade on bloon.

nw kw 09:05 GMT March 2, 2016
SPDR keep increase holding

SPDR keep increase holding
nw kw 07:18 GMT 03/02/2016
market now focusing on inflation rather than employment, wow how wins?

BNN. cad food to hi swop weat for vegs crops so usa has food inflation to?

nw kw 08:59 GMT March 2, 2016
ADP

investment push if there confident, or -interest from gov bogy man. gl.

nw kw 08:56 GMT March 2, 2016
ADP

put oil to work and market adsorb the hit 6munts or no.
sell cars cheap gas.

bali sja 08:49 GMT March 2, 2016
G20 SHANGHAI

PAR usdjpy and stocks to soar it seems
120 soon?

PAR 08:47 GMT March 2, 2016
G20 SHANGHAI
Reply   
Three days later it appears G20 Shanghai was a huge succes adding $ billions to the world economy .

bali sja 08:46 GMT March 2, 2016
usdjpy
Reply   
115 a done deal later tonight?

PAR 08:41 GMT March 2, 2016
LSE
Reply   
No way UK to allow LSE to merge with Deutsche Borse .

PAR 08:35 GMT March 2, 2016
ADP
Reply   
** U.S.A. - February ADP Employment **
- As some of the rather overblown concerns about the US economic outlook start to ebb, today's ADP Private Employment estimate will be closely watched, though as ever and more than amply demonstrated in January, the read through from this report to Friday's official data is anything but solid, not even in directional terms. Be that as it may the ADP measure (which will also include annual revisions) is seen at 188K vs. January's 205K, which contrasts quite sharply with a headline Payrolls consensus of 190K vs. January's 151K and Private Payrolls forecast of 195K vs January's 158K. As ever some attention needs to be given to the indicators on SME Employment, with the latest NFIB Small Business Optimism survey suggesting a further weakening of labour demand among SMEs

bali sja 08:34 GMT March 2, 2016
New signal by our verify account

no one beats our master wfakhoury's performance though

London 07:46 GMT March 2, 2016
New signal by our verify account
Reply   
Sell USDCHF
Entry: 0.99800 Target: Stop:

See our 139% profit in Myfxbook verify account.


Posted with permission of global-view.com

Forex signals

nw kw 07:20 GMT March 2, 2016
SPDR keep increase holding

inflation it reversal in bonds?

nw kw 07:18 GMT March 2, 2016
SPDR keep increase holding

market now focusing on inflation rather than employment, wow how wins?

Hong HK 03:12 GMT March 2, 2016
Australia's economy outpaced all forecasts at the fastest pace in almost two years
Reply   
Intra-Day Market Moving News and Views (AUD/USD)
02 Mar 2016 02:38GMT

AUD/USD - ...... AUD maintains a firm undertone after jumping from 0.7166 to 0.7236 after release of upbeat AU GDP data. Reuters later reported Australia's economy outpaced all forecasts to grow at the fastest pace in almost two years last quarter as strength in consumer and government spending offset the heavy drag from a global mining slump.

Gross domestic product (GDP) expanded by 0.6 percent in the fourth quarter, from the previous quarter when it rose an upwardly revised 1.1 per cent.
That propelled growth for the year to 3 percent, well above the 2.5 percent that had been expected by both analysts and the Reserve Bank of Australia (RBA).
The central bank has held rates steady since May last year and just this week skipped a chance to ease, saying it saw "reasonable prospects" for growth.
RBA Governor Glenn Stevens did say there would be scope for further easing given that inflation looked set to remain low, and investors are still wagering he will have to move eventually given headwinds facing the global economy.

However, the timing has been pushed out with interbank futures now implying a 45 percent chance of a cut by May, compared to 60 percent before the data.
The RBA has made it clear it would prefer any further stimulus to come through a lower Australian dollar, but is being thwarted by the drastic easing of central banks elsewhere.

HK Kwun 02:23 GMT March 2, 2016
SPDR keep increase holding
Reply   
Buy Gold
Entry: 1227 Target: Stop: 1217

Buy

dc CB 01:04 GMT March 2, 2016
Tuesday Trading



I suppose many younger readers don’t know who Jim Finlayson is pictured above. He was the original “D'oh!” guy from Laurel & Hardy films. It’s appropriate to display him Tuesday given how weird today’s rally was.

As ZH pointed out this morning at 10 AM and again at 11 AM, two conflicting headlines attempted to explain Tuesday’s rally. The first was based on hope while the second just an hour later was just a lie.

Dave's Daily ETF

hk ab 00:49 GMT March 2, 2016
BOJ

around the clock intervention.........

Tallinn viies 00:12 GMT March 2, 2016
eurusd
Reply   
Moody's Investors Service has today changed the outlook to negative from stable on China's government credit ratings, while affirming the Aa3 long-term senior unsecured debt, issuer ratings, and (P)Aa3 senior unsecured shelf rating.

The key drivers of the outlook revision are:

1. The ongoing and prospective weakening of fiscal metrics, as reflected in rising government debt and in large and rising contingent liabilities on the government balance sheet.

2. A continuing fall in reserve buffers due to capital outflows, which highlight policy, currency and growth risks.

3. Uncertainty about the authorities' capacity to implement reforms -- given the scale of reform challenges -- to address imbalances in the economy.

At the same time, China's fiscal and foreign exchange reserve buffers remain sizeable, giving the authorities time to implement some reforms and gradually address imbalances in the economy. This underpins the decision to affirm China's Aa3 rating.

Mtl JP 00:05 GMT March 2, 2016
BREAKING NEWS

out little earlier

DUBAI (Reuters) - Oil producers should freeze production if they cannot agree on a cut to balance the global oil market, the United Arab Emirates energy minister was quoted as saying on Tuesday.

(Reuters) - Bank of Nova Scotia , Canada's third-largest bank, said on Tuesday it had set aside more funds to cover bad loans in the oil and gas sector and warned of worse to come as the slump in crude prices hurts its energy clients.

Scotiabank, which has the biggest direct exposure of the major Canadian banks to the oil and gas industry, followed rivals Royal Bank of Canada , Bank of Montreal and Canadian Imperial Bank of Commerce in reporting increased bad loan provisions in the first quarter.

 




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Mon 27 May 2019
AAGB/US- Holiday
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A 08:55 DE- Employment
AA 18:00 US- BOC Decision
A 18:30 US- EIA Crude
Thu 30 Mar 2019
AAEZ/CH- Holiday
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Retail Forex Brokerage Changing!

Are you looking for your first broker or do you need of a new one? There are more critical things to consider than you might have thought.

We were trading long before there were online brokers. Global-View has been directly involved with the industry since its infancy. We've seen everything and are up-to-data with recent regulatory changes.

Our Best Brokers listing section includes:Forex Broker Reviews, Forex Broker Directory, Forex Broker Comparisons and advice on How to Choose a Forex Broker

If would like guidance, advice, or have any concerns at all ASK US. We are here to help you.

SEE Our Best Brokers List

Currency Trading Tools

  • Live rates, currency news, fx charts. 

  • Research reports and currency forecasts.

  • Foreign Exchange database and history.

  • Weekly economic calendar.

Directory of  Forex trading tools

 
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Forex Forum

The Global-View Forex Forum is the hub for currency trading on the web. Founded in 1996, it was the original forex forum and is still the place where forex traders around the globe come 24/7 looking for currency trading ideas, breaking forex news, fx trading rumors, fx flows and more. This is where you can find a full suite of forex trading tools, including a complete fx database, forex chart points, live currency rates, and live fx charts. In addition, there is a forex brokers directory where you can compare forex brokers. There is also a forex brokers hotline where you can ask for help choosing a forex broker that meets your individual fx trading needs. Interact on the same venue to discuss forex trading.

Forex News

The forex forum is where traders come to discuss the forex market. It is one of the few places where forex traders of all levels of experience, from novice to professionals, interact on the same venue to discuss forex trading. There is also the GVI Forex, which is a private subscription service where professional and experienced currency traders meet in a private forex forum. it is like a virtual forex trading room. This is open to forex traders of all levels of experience to view but only experienced currency tradingprofessionals can post.

Currency Trading

Currency trading charts are updated daily using the forex trading ranges posted in the Global-View forex database. You will also find technical indicators on the fx trading charts, e.g. moving averages for currencies such as the EURUSD. This is another forex trading tool provided by Global-View.com.

Forex Brokers

The forex database can be used to access high, low, close daily forex ranges for key currency pairs, such as the EURUSD, USDJPY, USDCHF, GBPUSD, USDCAD, AUD, NZD and major crosses, including EURJPY, EURGBP, EURCHF, GBPJPY, GBPCHF and CHFJPY. Data for these currency trading pairs dating back to January 1, 1999 can be downloaded to an Excel spreadsheet.

Forex Trading

Forex chart points are in a currency trading table that includes; latest fx tradinghigh-low-close range, Bollinger Bands, Fibonacci retracement levels, daily forex pivot points support and resistance levels, average daily forex range, MACD for the different currency trading pairs. You can look on the forex forum for updates when one of the fx trading tools is updated.

FX Trading

Global-View also offers a full fx trading chart gallery that includes fx pairs, such as the EURUSD, commodities, stocks and bonds. In a fx trading world where markets are integrated, the chart gallery is a valuable trading tool. Look for updates on the Forex Forum when the chart gallery is updated.

Forex Blog

Global-View.com also offers a forex blog, where articles of interest for currency trading are posted throughout the day. The forex blog articles come from outside sources, including forex brokers research as well as from the professionals at Global-View.com. This forex blog includes the Daily Forex View, Market Chatter and technical forex blog updates. In additional to its real time forex forum, there are also Member Forums available for more in depth forex trading discussions.

 

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