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Forex Forum Archive for 05/03/2016

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hk ab 23:49 GMT May 3, 2016
e/j
Reply   
I never thought my most dangerous trade (long from 122.1x region) was closed so accidentally at the 123.10 pilot........

Time to wait for more dip before long again.....

Price is telling everything, isn't it? I am not surprised some concerted effort to wipe small fishes free-ride shorts after seeing what happened yesterday on yen.

If I see small fishes at bucket shop to attempt "longs" again around 106 region, I think dlr/jpy 100 is a promise by May end..........and even deeper.

dc CB 23:45 GMT May 3, 2016
usd/jpy at thinnest time of day

Cuts both ways

Emini Hourly

Mtl JP 22:59 GMT May 3, 2016
Wednesday Trading

Jay 22:26 I Note that the yen move was not at 17:00-17:05 NYT.
can u i.d precisely "cross-over time" and explain the old tactic
?
I had a revealing experience with RNBZ rate release the other day which coincided with NY close and therefore the roll-over. For 5 minutes dealer was shut down even as I watched price prancing.

Prague JIT 22:59 GMT May 3, 2016
usd/jpy at thinnest time of day
Reply   
I think it was normal trading. No intervention. Checked on one sec. candle chart (second) it took 6 sec. from 106.85 then was the top and then right back to the sl, sr level 106.85 where I did expect to close all my longs from the morning. Some of them were done even above 107. Remember trading Friday evenning after 8 pm gmt and that there is a holiday there. Probably sellers were taken in the loss.... Good levels to watch: 107.45/50, 107.85. Prefered strategy for this night is to buy 106.20/105.80 if seen with risk below 105.50. Main driver I say - usdx was deeply oversold and fed..... bla twicehike... In it I do not trust but long usd position will? be better payed.... gl*

Tallinn viies 22:55 GMT May 3, 2016
eurusd
Reply   
buying back euros at 1,1500 I sold earlier today. long again and target 1,1600. stop at 1,1450

GVI Forex Jay Meisler 22:26 GMT May 3, 2016
Wednesday Trading

Running stops during the crossover time used to be the norm and this was like one of those days.

Mtl JP 22:26 GMT May 3, 2016
BREAKING NEWS

106.78 back to 0 sum

Miami JN 21:58 GMT May 3, 2016
Wednesday Trading

wtf in usdjpy?? news, boj or algos running stops or front running an order at thinnest time of day?

Mtl JP 21:57 GMT May 3, 2016
BREAKING NEWS

dc CB it is tuff direct trading the cretins coz for their intervention to have better than half-life of a fruit fly they have to co-ordinate and blow a massive amount to blow blow say 500 or more pips AND sustain it.
U can bet that unless u r In The Circle or unless u carry a layered tickets u ll be the last one to know / benefit.

GVI Forex john bland 21:56 GMT May 3, 2016
BREAKING NEWS

Japan acts in what it perceives to be its self interest. The U.S. will do nothing.

dc CB 21:48 GMT May 3, 2016
BREAKING NEWS

Mayday mayday ....dangerr danger Will Rogers

Nothing to see here, move along...

Standard 75 pip vertical ramp after NY hours...and before Japan opens...

Did The Bank Of Japan Just Step In To USDJPY?

Mtl JP 21:46 GMT May 3, 2016
BREAKING NEWS

wozers... 107.50
what r u gonna do about it Jacob ?

Mtl JP 21:39 GMT May 3, 2016
BREAKING NEWS

ya hear Japan ?

Lew cautions Japan against currency intervention

GVI Forex john bland 21:36 GMT May 3, 2016
Wednesday Trading

See how the GVI Trading Room bias system works!

It is not unusual to take a couple of days for spot and Fed Funds Futures probabilities to converge. Its all about the sentiment bias.

nw kw 21:32 GMT May 3, 2016
Sell EURUSD

TRUMP cant be only man to beet PMS. never in new pms puss ing polices?

KL KL 20:56 GMT May 3, 2016
Sell EURUSD

la la la Top of the TOP morning...chased this to 1.16151.... avg 1.15891......after the agony of holding till now...its the ecstasy of covering this Beast of yesterday.... covered 85% here 1.15035...rest in Nice profit stopping and one to feed crumbs to Euro Bulls at 1.1545....good luck getting it before NFP... 1.1589 I whack again ...no probs

I like it when noise says it will move to 1.17 1.18 1.19....just move up because the economy is so good in europe and so bad in USA??? or the world needs ZIRP.....etc...etc... also covered gold short with limit @ 1283.65...nice chased to 1303...avg 1289.65

ALL Eurusd and gold heavy load a...now nimble and light like wind ready for 2nd cherry bite and pop to short before NFP...... I am excited....LOL DYOR DFm DLTM imvho and Go TRUMP!! TRUMP for President!!

GVI Forex john bland 20:55 GMT May 3, 2016
BREAKING NEWS

US Weekly API Crude




ALERT
Reportedly +1.300 mn vs. +1.400 mn exp



TTN: Live News Special Offer

GVI Forex john bland 20:41 GMT May 3, 2016
Wednesday Trading


WEEKLY HIGH IMPACT NEWS:

4-May WEDNESDAY
JP- Holiday
All Day- Final SVC PMIs
12:15 US- ADP Jobs
14:30 US- EIA Crude
5-May THURSDAY
JP/CH- Holiday
8:28 GB- SVC PMI
6-May FRIDAY
12:30 CA/US- Employment
12:30 CA- Retail Sales


Trading Themes --
  • Markets were blindsided early in U.S. trade Tuesday (turnaround Tuesday?) by a relentless move higher in the USD following a weak performance earlier in the day. It was an odd performance in that there was no clear impetus for the trade. All I can say is that it appears that some players, perhaps for reasons other than economic, continue to push the currency in one direction. This could be for political or safety reasons. It could also be an effort to run stops by algos. I don't know, but note the currency recently has not been reacting the way it "should" to economic data.

  • The Reserve Bank of Australia surprised some with a 25bp cut in the Cash Rate target to 1.75% from 2.00%. Many had felt the odds for a cut had been 50-50. The decision initially saw a major drop in the AUDUSD. The decision came on the heels of soft inflation figures for 1Q16. The RBA warned about the risks in the future of a rising currency.

  • Early Tuesday saw the April Chinese Caixin PMI, which remained in contraction at 49.4 vs. 49.7 in March. The rest of the week will see holidays in Japan due to "Golden Week" observances, plus a few holiday closures elsewhere. Then Friday will feature the latest key employment data (April) from the U.S. and Canada


  • John M.Bland MBA, CTA,
    co-founder global-View.com


dc CB 20:17 GMT May 3, 2016
CURRENT CONDITIONS: Risk-Off at N.Y. Close



JP
"we got your back. until we don't."

Mtl JP 20:03 GMT May 3, 2016
SToX



dc CB as my 2044 still holds: LoD 2047.75 at my dealer
-
I am expecting 2044 to be a cash cow
until one fine day it will get slaughtered

Mtl JP 19:55 GMT May 3, 2016
Theme: Cretin to Cretin Forward Guidance
Reply   
from Xi Jingping to Janet "influenced by developments in China, uncertainty about how smoothly this transition will proceed and about the policy framework in place to manage any financial disruptions that might accompany it" Yellen.

China Presses Economists to Brighten Their Outlooks Analysts and business reporters with gloomy views are urged to hew to government’s more-upbeat line - wsj

nw kw 19:54 GMT May 3, 2016
Trade Off The Cretins Corner

jpy report exporters funding flexible so interest rates are smoke screen for nuts and bolts of internal funding so id not take them to as set in stone as market internal deals are different than they like us to believe?

dc CB 19:52 GMT May 3, 2016
SToX



You boyz have your orders...JAMMMMM that sucker.
No matter how much SToX fall....JAMMMMMMit

yrs
Manny I Pulation

GVI Forex john bland 19:40 GMT May 3, 2016
Wednesday Trading
Reply   

WEEKLY HIGH IMPACT NEWS:

4-May WEDNESDAY
JP- Holiday
All Day- Final SVC PMIs
12:15 US- ADP Jobs
14:30 US- EIA Crude
5-May THURSDAY
JP/CH- Holiday
8:28 GB- SVC PMI
6-May FRIDAY
12:30 CA/US- Employment
12:30 CA- Retail Sales

GVI Forex Blog 19:39 GMT May 3, 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 19:32 GMT May 3, 2016
Trade Off The Cretins Corner



now that Poloz seems to have come to the learned conclusion that nega-rates do not work (I assume he means in a desired way, not that they do not work at all) here is a chart from BoA - "Bonds with yields below zero—a situation in which bondholders effectively pay borrowers to take their money—now account for 23% of the global fixed-income market, up from 13% at the beginning of the year" - that makes me think what would happen if the theme of negarates are good should reverse.

nw kw 19:31 GMT May 3, 2016
Trade Off The Cretins Corner

usacad at 1.35 is oil range id play for has old school trade with out cad' big exporter over seas struggling.

nw kw 19:12 GMT May 3, 2016
Trade Off The Cretins Corner

eurusa range end up tag 120, 115 support in summer.

nw kw 19:10 GMT May 3, 2016
Trade Off The Cretins Corner

eurusa was at 105 and jpy hade to forced to change, so if is 120.00 eurusa i'l understand?

nw kw 18:49 GMT May 3, 2016
Trade Off The Cretins Corner

gold pack has cad separated and staying on mission in market of rebalancing; for nfp kayos?

dc CB 18:49 GMT May 3, 2016
OIL

it's really not about the spot price...the eyes that count are on the far out month. these guys (actually companies) need to re-establish the hedges that have expired...they'd really liike to put on some between $50 and $60.

AS SEEN:

ENCANA SAYS HAS HEDGED APPROXIMATELY 75 PCT OF EXPECTED MAY TO DECEMBER OIL AND CONDENSATE PRODUCTION, A STRONGER HEDGE POSITION THAN USUAL

nw kw 18:43 GMT May 3, 2016
Trade Off The Cretins Corner

wind -was bank jpy at 105 but not defending, plan forecasted slow decent. some se implications of 105. usa/jpy for market in all terms?

dc CB 18:42 GMT May 3, 2016
SToX



dc CB 19:56 GMT May 2, 2016
Apple CEO Tim Cook to Appear on ’Mad Money’ Tonight: CNBC

++++++++++++++++++++++++++++++++++++++

It's really a sign of a Top, when the CEO if the Worlds Most Valuable Company becomes a pissant shill and goes on this Bozo's CN(BS)C's "retail traders) program to hawk his stock ...giving all those loaded-up hedgefunds ( like the SNB) a slim chance to sell it to the only people on the planet studpid enough to buy it from them.

GVI Forex Blog 17:39 GMT May 3, 2016
GVI Data Calendar for 4 May 2016
Reply   



May 3, 2016 (global-view.com) UPCOMING DATA HIGHLIGHTS for Thursday, May 4, 2016.

  • Far East: JA- Holiday, AU- Retail Sales
  • Europe: EZ- Service PMI, Retail Sales, GB- Construction PMI
  • North America: US- Mortgages, ADP Jobs, Productivity, Service PMIs, Factory Orders, EIA Crude, US/CA- Trade

WEEKLY HIGH IMPACT NEWS:

4-May WEDNESDAY
JP- Holiday
All Day- Final SVC PMIs
12:15 US- ADP Jobs
14:30 US- EIA Crude
5-May THURSDAY
JP/CH- Holiday
8:28 GB- SVC PMI
6-May FRIDAY
12:30 CA/US- Employment
12:30 CA- Retail Sales

GVI Data Calendar for 4 May 2016

Mtl JP 17:36 GMT May 3, 2016
Trade Off The Cretins Corner

even as he seems to claim to have learned the lesson about nega-rates that they do not work.

cretin... didnt have to wait 6+ months had he asked me

Mtl JP 17:26 GMT May 3, 2016
Trade Off The Cretins Corner

As much as I anticipated a potential A grade A effect so far players unimpressed with anything coming out of Poloz

GVI Forex john bland 16:33 GMT May 3, 2016
Tuesday Trading

Odds for a December rate hike continue to fall. Last 77% from 93% on Monday close.

Livingston nh 16:30 GMT May 3, 2016
OIL
Reply   
Last week I mentioned the cluster of rising avgs on WTI - still rising but from 46 to 42 (21 dma) seems likely move as the charts shows some roll-over in MACD and price
__
RBA commentators made mention of Yellen's rate reluctance as a USD weight but there is a chance that the rate environment is changing and CBs les collegial as local politics tops (almost said TRUMPS) the economic theories (see Draghi defensive speech and Stevens comments -- Yellen knows that Congress can go on witch hunts in an election year) -- so maybe today is the dollar turning

CBs are only independent to end of the leash

Mtl JP 16:29 GMT May 3, 2016
Tuesday Trading

Al john's Blog 16:21 says SnP at 2059 is -0.5% YTD
-
I ll stick to my 2044 line for now but keep on open mind as I watch the sh!tstorm building

GVI Forex john bland 16:26 GMT May 3, 2016
CURRENT CONDITIONS: Risk-Off at European Close

Note the risk-off trades in stocks and bonds. U.S. 10-yr back below 1.80%.

Dillon AL 16:17 GMT May 3, 2016
Tuesday Trading

Agreed John
jp cheaper WTI does not necessarily move into the pump price however <40 WTI does re-ignite counter-party risk
My break level was in reality 2073 although your 2044 level and Art's are all within a 1st STD so...much of a muchness
Lastly Art is sought out and listened to. He is not peddling anything ever and as John says is a straight shooter head of trading

GVI Forex john bland 16:10 GMT May 3, 2016
Tuesday Trading

Actually, I find him to be pretty much a straight shooter unlike most of his peers.

Mtl JP 16:08 GMT May 3, 2016
Tuesday Trading

oh art cashin... who is feeding u the fiction eh ?
cheap(er) energy would be good for the plebs
what is good for the plebs should be good for stocks (eventually)
in that order

GVI Forex john bland 15:59 GMT May 3, 2016
Tuesday Trading

from GVI Trading Room

Art Cashin-

2062 key level in cash S&P. A close below there would "put the bears in charge."

Sub- $40 in oil would be bad for stocks.


Just passing along his thoughts....

Mtl JP 15:47 GMT May 3, 2016
Tuesday Trading

shorts from 1.4650-ish might do well to protect some profit
I am still thinking 1.45 and 1.4450 are good odds targets tho

Livingston nh 15:28 GMT May 3, 2016
GBP
Reply   
Pound looks very weak on the daily chart but EUR/GBP looks stalled at 21 dma

Mtl JP 15:23 GMT May 3, 2016
Trade Off The Cretins Corner

I didnt read beyond the headline.

It gets BETTER:
AMELIA ISLAND, Fla. The United States could see two further interest rate rises this year but uncertainties abound including the impact on the U.S. economy should Britain vote to leave the European Union, Atlanta Fed President Dennis Lockhart said on Tuesday.
-
IF I understand English - 3 total in 2016.
Not sure if players understand English same way as I do,
see what Gold priceaction / dlrx says about it

HK [email protected] 14:56 GMT May 3, 2016
Lockhart: Two rate hikes this year 'certainly possible'
Reply   

Certainly possibility: nonsense talk.

Hillegom Purk 14:51 GMT May 3, 2016
e/u
Reply   
Well, what a nice stop hunt, first for the shorters than for those who like to long on tops and their mothers...

Mtl JP 14:43 GMT May 3, 2016
Trade Off The Cretins Corner

Lockhart: Two rate hikes this year 'certainly possible', flags Brexit risk

Mtl JP 14:40 GMT May 3, 2016
BREAKING NEWS

john bland 13:51 - the OPEC governors disagreement is not harsh nuff - they need to start to plink each other's boats/terminals/wells to make it a real m/east disagreement.

Hillegom Purk 14:24 GMT May 3, 2016
short e/u 11584

I did this trade because of the three day in a row up rule and i had a gap between 115-11526.
Entries where so so and hard to post but managed a few.

Hillegom Purk 14:16 GMT May 3, 2016
short e/u 11584

short e/u 11584
Hillegom Purk 10:37 GMT 05/03/2016 - My Profile
short e/u 11584
Hillegom Purk 07:47 GMT 05/03/2016 - My Profile
Add (iction) 11594. 2 more left.

____________________________________
3/4 closed at 11584. 1/4 at b/e or profit 15555.
_____________________________________
last 1/4 closed at 11555.

Mtl JP 14:15 GMT May 3, 2016
BREAKING NEWS

mester on yak deck in 15 mins

GVI Forex john bland 13:59 GMT May 3, 2016
BREAKING NEWS

I don't think it is a surprise that Saudi Arabia and Iran are at odds on policy. This is not your father's OPEC. They have less control over global supply and prices these days with more relative production coming from non-cartel sources. Oil dipped on this report.

GVI Forex john bland 13:51 GMT May 3, 2016
BREAKING NEWS

Report OPEC governors disagree on long-term strategy due Iran and Saudi split on Price policy. Saudi does not want to return to quotas. Iran said to want price florr.

Source: TTN

Livingston nh 13:48 GMT May 3, 2016
Tuesday Trading

jp - down near near 2040, might be time for DOHA II -- that was the blast-off point last month

Mtl JP 13:43 GMT May 3, 2016
Tuesday Trading

remember that 2044 is Dec 2015 close
probably fairly strong support on initial approach

Livingston nh 13:37 GMT May 3, 2016
Tuesday Trading

Looks like another Bad Air day for stox - first target yesterday's opening Good Air day Gap but then SPX 2052 low from friday (2055 is ~40 dma)

Mtl JP 13:28 GMT May 3, 2016
Tuesday Trading

and crude at 44.20
if usdcad pops N of the 10ma it should give 50 posi-pips
-
trade w/caution

Mtl JP 13:24 GMT May 3, 2016
Tuesday Trading

1.2614
dlrcad 10day 1.2622 = current R

Mtl JP 12:54 GMT May 3, 2016
Tuesday Trading

going to be raining cretins today:
Mester, Poloz, Williams, Lockhart
-
anyone of them has ~50 pip potential to affect my account

Livingston nh 12:53 GMT May 3, 2016
92

Seems like Stevens would have preferred to hold rates but Yellen pushed him w/ her new mandates -- so Lew got more than jawboning this time

Mtl JP 12:46 GMT May 3, 2016
Tuesday Trading

Sell GBPUSD
Entry: pops to 1.4650-ish Target: 1.45/4450 Stop: 20-30 pips

.

GVI Forex Jay Meisler 12:45 GMT May 3, 2016
Coming up Next?

Paris IB can you email me EMAIL

Mtl JP 12:39 GMT May 3, 2016
92
Reply   


dollar's frontier
Janet's dream

Mtl JP 12:21 GMT May 3, 2016
Tuesday Trading

us 2yr yield currently down at 0.7619 %
10-yr yield about flat atm at 1.8157 %

Mtl JP 12:17 GMT May 3, 2016
Trade Off The Cretins Corner

nh note that chief BoC cretin yaks today 1/2 past noon
something on "policy"

Livingston nh 11:43 GMT May 3, 2016
Tuesday Trading

John - USD flows might be the political angst but could be just the spread on real rates at the shorter end (Yen, EUR have real deflation) controlled by the CBs and the inflation expectations @ 5 yr and out //
US real rates are lower than some NIRP countries

Livingston nh 11:36 GMT May 3, 2016
Trade Off The Cretins Corner

jp - good heads up on that rate cut -- if you would mention same strategy to Poloz next time you see him it would be helpful, too

Hillegom Purk 10:59 GMT May 3, 2016
short e/u 11584

The 11584 closed at 11578. On the look out for better entries.

Hillegom Purk 10:37 GMT May 3, 2016
short e/u 11584

short e/u 11584
Hillegom Purk 07:47 GMT 05/03/2016 - My Profile
Add (iction) 11594. 2 more left.

____________________________________
3/4 closed at 11584. 1/4 at b/e or profit 15555.

GVI Forex john bland 10:29 GMT May 3, 2016
Tuesday Trading

equities Risk-Off
DAX -183
DJ -115
SP -15

10-yr flight to safety?
US 1.815% -5.2
DE 0.216% -5.8
GB 1.536% -4.7
JP -0.109% -0.5 (closed Tues)

EUR crosses up except vs. JPY and CHF
wti $44.37 -0.41

hk ab 09:54 GMT May 3, 2016
e/j
Reply   
very suicidal trade recommendation....

long e/j here, 200 pips stop, multiple entries. target 130

Paris ib 09:47 GMT May 3, 2016
Coming up Next?

"... the Baltic Dry Index... is key to track commodity demand. Two months ago, it was trading to all-time lows. Since then, it has increased over 130%. Precious metals prices have all moved higher in virtually all currencies. Why is this important? Because it tells us that faith in fiat currencies – the US dollar especially — is sharply declining."

Turbulence ahead

Lahore FM 09:45 GMT May 3, 2016
long eurusd


Entry: 1.1330 Target: 1.2300 Stop: 1.1390

Lahore FM 13:34 GMT April 29, 2016
long eurusd : Reply
Buy EURUSD
Entry: 1.1330 Target: 1.2300 Stop: 1.1330

Lahore FM 13:22 GMT April 26, 2016
long eurusd : Reply
Buy EURUSD
Entry: 1.1330 Target: 1.23 Stop: 1.1230

long eurusd for 1.2300
--
stop to entry now.
--
stop to 1.1390 now.

Paris ib 09:44 GMT May 3, 2016
Coming up Next?
Reply   
From the man who brought to you the plan to get OIL prices down in order to put pressure on the Ruble and the Russian economy...:

"As oil demand soars and supply contracts, Hybrid War practitioners across the spectrum will have to create a recession to keep the chaos going. A possible scenario is to let the embattled Italian banking system go down; that’s the next frontier in the EU."

It's still all geopolitics even if the deviants seem not to be the most popular or powerful people at the moment.

The Empire of Chaos

GVI Forex john bland 09:22 GMT May 3, 2016
Tuesday Trading


WEEKLY HIGH IMPACT NEWS:

4-May WEDNESDAY
JP- Holiday
All Day- Final SVC PMIs
12:15 US- ADP Jobs
14:30 US- EIA Crude
5-May THURSDAY
JP/CH- Holiday
8:28 GB- SVC PMI
6-May FRIDAY
12:30 CA/US- Employment
12:30 CA- Retail Sales


Trading Themes --
  • The Reserve Bank of Australia surprised some with a 25bp cut in the Cash Rate target to 1.75% from 2.00%. Many had felt the odds for a cut had been 50-50. The decision initially saw a major drop in the AUDUSD. The decision came on the heels of soft inflation figures for 1Q16. The RBA warned about the risks in the future of a rising currency.

  • Early Tuesday saw the April Chinese Caixin PMI, which remained in contraction at 49.4 vs. 49.7 in March. The rest of the week will see holidays in Japan due to "Golden Week" observances, plus a few holiday closures elsewhere. Then Friday will feature the latest key employment data (April) from the U.S. and Canada

  • The USD remains on the back foot, as it appears that some players, perhaps for reasons other than economic, continue to exit the currency. This liquidation could be for political or safety reasons. We don't know, but note the currency recently has not been reacting the way it should to economic data. I don't think these flows are near their conclusion


  • John M.Bland MBA, CTA,
    co-founder global-View.com


GVI Forex john bland 09:01 GMT May 3, 2016
BREAKING NEWS

Eurozone PPI April 2016





ALERT
mm: +0.30% vs. 0.00% exp. vs. -0.70% (r ) prev.
yy: -4.20% vs. -4.40% exp. vs. -4.20% (r ) prev.


TTN: Live News Special Offer

kl fs 09:00 GMT May 3, 2016
eurusd

viies, any levels to reload?

GVI Forex john bland 08:45 GMT May 3, 2016
BREAKING NEWS

Earlier: Caixin PMI eases to 49.4 . Still sub-50.

Tallinn viies 08:42 GMT May 3, 2016
eurusd
Reply   
closed long euro at 1,1605.

GVI Forex Blog 08:40 GMT May 3, 2016
BREAKING NEWS: U.K. Manufacturing PMI In Contraction
Reply   

Manufacturing PMI April 2016

U.K. Manufacturing PMI at three year low.

BREAKING NEWS: U.K. Manufacturing PMI In Contraction

GVI Forex john bland 08:36 GMT May 3, 2016
BREAKING NEWS

Big miss in UK mfg PMI lowest level in three years.

Hillegom Purk 08:34 GMT May 3, 2016
short e/u 11584

last friction 11614 out at 11590.

Hillegom Purk 08:31 GMT May 3, 2016
short e/u 11584

Firction 11614 3/4 out at 11597. Rest at b/e. others stay.

GVI Forex john bland 08:30 GMT May 3, 2016
BREAKING NEWS

Manufacturing PMI April 2016

U.K. Charts





-- NEWS ALERT --

49.2 vs. 51.2 exp. vs. 51.0 (r 50.7) prev.





TTN: Live News Special Offer

kl fs 08:17 GMT May 3, 2016
euro
Reply   
dont know why the urgency to sell euro here
weekly got double bottom, near term 1.19-1.20 is within reach

bali sja 08:14 GMT May 3, 2016
short e/u 11584

farms have been lost from long usdjpy position many moons ago

haifa ac 08:12 GMT May 3, 2016
short e/u 11584

will be funny if ZEUS appears now with a small farm.

Hillegom Purk 08:10 GMT May 3, 2016
short e/u 11584

add friction 11614. One left.

Hillegom Purk 08:10 GMT May 3, 2016
short e/u 11584

add friction 11614. One left.

Amman wfakhoury 07:47 GMT May 3, 2016
EURUSD 11595 confirmed

11595 reached .

Hillegom Purk 07:47 GMT May 3, 2016
short e/u 11584

Add (iction) 11594. 2 more left.

bali sja 07:45 GMT May 3, 2016
Sell EURUSD

relax, keep shorting euro and give me your stops
i said 1.17 to be seen next

haifa ac 07:37 GMT May 3, 2016
Sell EURUSD

About 16 more hours (give or take) of this blast and then a big reversal. Should be dramatic. The big question , of course is whether they are going to pick all the stops above 1.1711?!

Hillegom Purk 07:35 GMT May 3, 2016
short e/u 11584
Reply   
lets see.. 20/40 pip profit

Amman wfakhoury 07:19 GMT May 3, 2016
EURUSD 11595 confirmed
Reply   
11595 confirmed 11557 return


The only one in the world who confirms the next level


PAR 06:40 GMT May 3, 2016
CRAZY MARIO
Reply   
DJ ECB Chief Blames Berlin for Low Rates -- WSJ

Mario Draghi says low interest rates are 'a symptom of an underlying problem'
By Tom Fairless


FRANKFURT -- Top European Central Bank officials escalated a dispute with Berlin over the ECB's easy-money policies on Monday, warning that Germany itself is partly to blame for the ultralow interest rates that are harming savers and pensioners.

In a speech to Asian government officials and business leaders, ECB President Mario Draghi said low interest rates were merely a symptom of an underlying economic problem -- the compression of investment returns globally due to an excess of savings.

"There is a temptation to conclude that...very low rates...are the problem," Mr. Draghi said. "But they are not the problem. They are the symptom of an underlying problem."

The global savings glut, Mr. Draghi said, is being perpetuated by economies in Asia and in the eurozone, notably Germany. "Our largest economy, Germany, has had a [current account] surplus above 5% of GDP for almost a decade," Mr. Draghi said.

The comments are Mr. Draghi's latest response to a political backlash in Germany over the ECB's policies. Senior German politicians have been openly voicing their frustration with Frankfurt in recent weeks, particularly since the central bank ramped up its EUR1.5 trillion ($1.7 trillion) stimulus in March.

In unusually blunt criticism last month, German Finance Minister Wolfgang Schäuble called for an end to easy-money policies and warned that the ECB was partly to blame for the rise of a new populist party, the Alternative for Germany, suggesting its low interest rates had hurt savers.

Mr. Draghi directed criticism directly back at Berlin. "Those advocating a lesser role for monetary policy or a shorter period of monetary expansion necessarily imply a larger role for fiscal policy," he said, in an apparent reference to Germany's insistence on reining in government spending while policy makers elsewhere are focusing more on the need for fresh economic stimulus.

Amid the recent political attacks, Germany's central bankers have rushed to defend the ECB and its independence. Bundesbank President Jens Weidmann has argued that the ECB's expansionary policies are appropriate.

Speaking in Switzerland on Monday, Sabine Lautenschläger, the only German on the ECB's six-member executive board, warned that political attacks endangered the ECB's independence and undermined trust. She stressed that central banks couldn't solve Europe's institutional failures or structural problems.

"It seems very odd to me that politicians are now criticizing the European Central Bank," Ms. Lautenschläger said. "I would like to see a political class that has the courage to lead public opinion."

Mr. Draghi stressed that the ECB's policies are helping savers, and said governments, not central banks, should address the underlying economic causes of low rates. He also urged savers in Germany to boost their returns by diversifying their investments, mimicking their counterparts across the Atlantic.

"U.S. households allocate about a third of their financial assets to equities, whereas the equivalent figure for French and Italian households is about one- fifth, and for German households only one-tenth, " Mr. Draghi said.

Todd Buell contributed to this article.

HK Kwun 06:35 GMT May 3, 2016
Sell Now
Reply   
Sell Gold
Entry: 1294 Target: Stop: 1304

Sell now

Beijing Laowen 06:18 GMT May 3, 2016
Sell EURUSD

Where is your stop mate?

KL KL 06:15 GMT May 3, 2016
Sell EURUSD

Ka BOOOM!!..>Short again Eurusd 1.5558...relentless and showing no mercy...finger just cannot stop hitting again and again like HFT until a Pause on the screen says "waiting for confirmation".... Accept or Reject....LOL....Reject ...increase stake and short more higher.... So Euro is the Dream Zone for Recovery...Greece OK....Italy ..OK.... IS terrorist..No PRobs... Refugees...Please more Sir......LOL..

Rant for the day!!

DYOR..DFM DLTM imvho and gl gt

PAR 06:06 GMT May 3, 2016
RISK ON
Reply   
Lower dollar boosts oil and commodity prices and helps US exports . Lower dollar will make America great again .

Mtl JP 05:22 GMT May 3, 2016
Trade Off The Cretins Corner

nh - feels good to profit, hope u r feeling the glow too

HK [email protected] 04:55 GMT May 3, 2016
AUD/USD
Reply   

bali sja; Better watch for a possible outside bearish day.

Which means some lengthy decline.

KL KL 04:55 GMT May 3, 2016
yes just like euro's 1.1460ish

Interest Drop...good for the Property Bubble down under to grow bigger and when it Pops....New Labor Government comes in to Fix it by Spending $500 Billion to Fix climate Change, Super Health System, Age Pension, UNION Submarine for south Australia... Education Revolution Xtra Smart Generation + open Doors for Asylum + Increase Public Servants and Tax the Rich Class War Fare...Crap...Might as well Built Aussie Super Fast train and Electric car......LOL

Cash is king and so is taking profit.....nothing else matter

HK [email protected] 04:50 GMT May 3, 2016
yes just like euro's 1.1460ish



It seems NZD will suffer more, as more traders wer bull-convinced-trapped.
NZD didn't enjoy the doubt AUD had.

bali sja 04:46 GMT May 3, 2016
yes just like euro's 1.1460ish

[email protected], technical damage could being us 0.7380 before bounce

bali sja 04:45 GMT May 3, 2016
yes just like euro's 1.1460ish

acc, i am not so sure about one-off cut
global trend has been NIRP, Australia do not want to be part of the this new global trendsetter? ;)

HK [email protected] 04:42 GMT May 3, 2016
yes just like euro's 1.1460ish


Sydney ACC

Will it drop below 0.7500, as several analysts expect?

Sydney ACC 04:40 GMT May 3, 2016
yes just like euro's 1.1460ish

This is probably a one-off cut.
Stevens worries about those relying on interest income.
Nothing in the statement to suggest there will be another cut.
To me its unlikely to ease much further before rallying into London.
Wait and see best prognosis however.

HK [email protected] 04:38 GMT May 3, 2016
yes just like euro's 1.1460ish


I admit I was wrong about gold, just exit too early, but there was a profit.

It worth being conservative(sometimes)

bali sja 04:36 GMT May 3, 2016
yes just like euro's 1.1460ish

yes you were right in your wet dream, you were always right
check the archives should do for the rest of us

HK [email protected] 04:34 GMT May 3, 2016
yes just like euro's 1.1460ish
Reply   

Sorry Mr. Bali; This time you were wrong...I was right!!!

Probably people were trading this morning against Triads bank accounts.

And I sit well on my profit.

AUS, was really melting like hot botter:(

Amman wfakhoury 04:32 GMT May 3, 2016
EURUSD 11535 Confirmed

Amman wfakhoury 14:20 GMT 05/02/2016
_____________________
11535 reached


The only one in the world who confirms the next level


HK [email protected] 04:31 GMT May 3, 2016
AUD/USD


April 29 to May 2

KL KL 04:30 GMT May 3, 2016
AUD/USD

Cut...%0.25....SELL!!!! Gold too with power....LOL

bali sja 04:25 GMT May 3, 2016
AUD/USD

being defensive? quite long like what? 4 hours? LOL

HK [email protected] 04:12 GMT May 3, 2016
AUD/USD



1.1460, was not that easy to breach, not like butter. It took quiet a time to happen.

bali sja 04:09 GMT May 3, 2016
AUD/USD

yes just like euro's 1.1460ish supposedly strong barrier as I said turned out to be just like a melted hot butter on first attack

HK [email protected] 03:27 GMT May 3, 2016
AUD/USD


The risk reward ratio doesn't justify holding any long position for the moment, as the data of the AUST. economy is mixed+ news coming out of China this morning do not look that good.

Had little AUD/USD bought at 0.7605 on Friday so close some time ago and sideline for a while.

Seems too many people are right in this time.
In case of interest cut(50/50) AUD will just crash.
So sideline for the time.

Hong Kong HK 03:12 GMT May 3, 2016
AceTrader May 3: Intra-Day Market Moving News and Views (USD/JPY)
Reply   
03 May 2016 02:49GMT

USD/JPY - ...... Dlr is nursing loss in then Tokyo trading as Japan's financial markets (markets will re-open on Friday) are closed for so-called Golden Week holiday.
The pair met renewed selling at 106.46 just ahead of Asian opening on what traders cited as speculative yen-buying, although price briefly penetrated yesterday's 18-month trough of 106.14 to 106.05, price quickly recovered on short-covering and climbed back to 106.31, suggesting range trading is in store in European morning session.

As indicated in yesterday's update, there is report of buying interest at 106.10-00 area (some from Japanese importers) with some stops touted below 106.00.
Some offers are tipped at 106.40/50 and more at 106.75/85 with stops above there, more stops are reported above 107.00.

Pay attention to release of U.S. ISM New York index as dlr briefly fell in New York morning on weaker-than-expected ISM mfg PMI.

Sydney ACC 02:37 GMT May 3, 2016
AUD/USD

Reckon a cut is an even-money bet.
Last report I saw, market was of that view as well.
Surprised at the strength of the rebound given the proximity of the announcement.
Either way foresee a significant move whatever the decision.

NY JM 02:06 GMT May 3, 2016
AUD/USD

AUD shows a risk for .7763 while above .7665, see what RBA does

HK [email protected] 01:59 GMT May 3, 2016
AUD/USD
Reply   


Last Friday someone on this forum expected a continuation drop in the AUD.

Meanwhile the reverse happened. Aud looks a bit bullish before the data.

A breach of 0.7685 makes things look more bullish.

Anyone here have any opinion, or matters look too good to be true?

GVI Forex 01:46 GMT May 3, 2016
BREAKING NEWS

China Apr caixin MFG PMI final decrease to 49.4 (fcast 49.9 ) vs. prev 49.7

NY JM 01:44 GMT May 3, 2016
Tuesday Trading

BoJ woke up .. It either defends 106 or 105.00-20 comes on radar

Mtl JP 00:57 GMT May 3, 2016
Tuesday Trading

RS both our gatekeepers - Jay and john - are on multiple record here to not count on a CB to save your position

boston RS 00:23 GMT May 3, 2016
Tuesday Trading

Someone wake up the BoJ!!!!!

 




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