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Forex Forum Archive for 05/18/2016

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Click here to join the Live Forex Forum.


GVI Trading Room john 21:01 GMT May 18, 2016
Thursday Trading


Trading Themes --
  • The Fed surprised the markets Wednesday with a more hawkish than expected set of Minutes from their meeting three weeks ago. The central bank always reserves the right to "fine tune" the monutes, and in this case said they indicated that a rate hike is likely on June 15 "if the data warrant".

  • Fed Funds futures put 25% odds on a rate hike in June from 12% beforehand. I would put the odds now at better than 50-50. The Fed appears to be determined to tighten, absent poor developments.

  • The Fed Minutes gave the USD a strong bid vs. the EUR and JPY. The GBP performed well following an IPSOS Brexit poll that put the vote at 55% to 37% in favor of remaining in the EU. Traders we know take poll results with a grain of salt.

  • The S&P dipped initially on the Fed announcement but worked their way higher to about unchanged by the close. WTI ended weaker. The yield on the 10-yr note ended up sharply at 1.877% +12bp on the day, as bond dealers appeared to brace themselves for a series of rate hikes.

  • Hillary Clinton took a step closer to winning her party's nomination to run for President Tuesday with a win in Kentucky. As expected, She lost in Oregon. She is not a strong candidate at this point in time.

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


GVI Trading Room john 20:10 GMT May 18, 2016
Thursday Trading

~25% odds in favor of a June 15 +25bp rate hike. THis strikes me as a bit low. The "if warranted' strikes me as indicating a hike is likely unless the data between now and then take a sudden turn south. In other words, the default decision is a hike.

Tallinn viies 20:08 GMT May 18, 2016
eurusd
Reply   
previous month low taken out.
now 1.1160 and 1.1060 next magnets

GVI Trading Room john 20:04 GMT May 18, 2016
Thursday Trading
Reply   
Big increase in sentiment in FAVOR (down blue line) of Fed rate hike(s) before yearend. 100% odds in favor of one +25bp hike and 39% odds of second +25bp increase. Chart also suggests EURUSD might have farther to fall. Keep in mind this chart is about sentiment.

Maribor 20:03 GMT May 18, 2016
EUR

USDX seems up to fulfill pattern where it has additional 0,7 % to rise to ~95,87...

GVI Forex Blog 19:41 GMT May 18, 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

Livingston nh 19:13 GMT May 18, 2016
Fed signals interest rate hike firmly on the table for June -- Reuters.com

Cop-out clause "if economic data points to stronger second-quarter growth as well as firming inflation and employment, according to minutes from their policy meeting last month."

Yellen doesn't believe the inflation stats are anything but 'Transitory" and PCE preferred is still not satisfactory progress

UNTIL the Members take her on nothing changes

Livingston nh 18:53 GMT May 18, 2016
BREAKING NEWS

Treasurys and STOX hit the Panic button - oil hardly budges - fx following along

dc CB 18:39 GMT May 18, 2016
FED

THE WTF statement from the Mins:

*******"participants stressed the need for further research and analysis to advance understanding of the relationship between monetary policy and financial stability and to help identify situations in which it might be desirable to incorporate financial stability considerations in the design of monetary policy"*******

Meaning wtf? we've been phoning it in for 8 Years while we robbed your savings of trillions ........now it needs further research?...... Oh will contunue robbing you chumps, if only because you let us get away with it.

Livingston nh 18:38 GMT May 18, 2016
BREAKING NEWS

So on talk we take a 20 to 1 shot up to 8 to 1 - and now everybody likes the odds --- still a three legged horse

tokyo joyya 18:32 GMT May 18, 2016
long jpy!

dow and spx taken low as i said....CB must be not having fun now bear are on fire

PAR 18:26 GMT May 18, 2016
CRAZY MARIO
Reply   
If FED raises maybe CRAZY Mario can stop with his market distorting NIRP.

GVI Trading Room Jay Meisler 18:22 GMT May 18, 2016
FED

CB, can you email me TIA

Livingston nh 18:22 GMT May 18, 2016
BREAKING NEWS

MEMBERS of the FOMC are NOT as HAWKISH as the PARTICIPANTS - all the Chicken HAWK commentary is from Participants

Maribor 18:17 GMT May 18, 2016
EUR

EUR proceeding as written before; target moved to 1,1206 now and USDJPY target to 110,8...

dc CB 18:17 GMT May 18, 2016
FED

110
Kurossive just got wood

GVI Trading Room john 18:16 GMT May 18, 2016
BREAKING NEWS

Yield on 10-yr not up slightly to 1.836% +7.8bp.

PAR 18:16 GMT May 18, 2016
BREAKING NEWS

Yellen surely will find another excuse for not to hike .

GVI Trading Room john 18:12 GMT May 18, 2016
BREAKING NEWS

Volatile but Fed June rate hike odds up to about 25% now from 12% pre-data.

dc CB 18:10 GMT May 18, 2016
FED

Hey hey we're the Monkees
People say we monkey around
Hey hey we're the Monkees.

Coming soon The Latest Hit by the Monkee's, will top the charts!!!!

180 on tomorrow's speeches by Dudley and Fischer

GVI Trading Room john 18:08 GMT May 18, 2016
BREAKING NEWS

Fed more hawkish than expected. Markets reacting very cautiously.

PAR 18:04 GMT May 18, 2016
FED
Reply   
DJ FOMC Minutes: Officials Keep Open Possibility of June Rate Increase
By Kate Davidson and Jon Hilsenrath


WASHINGTON--Federal Reserve officials said an interest-rate increase in June was possible if incoming data showed an improving economy, and sought to push back against market expectations that a move at its next meeting was unlikely, minutes from the Fed's April meeting show.

While officials weren't committed to moving in June, they clearly sought to keep their options open at that meeting and in the communications that they planned to release afterwards.

"Most participants judged that if incoming data were consistent with economic growth picking up in the second quarter, labor market conditions continuing to strengthen and inflation making progress toward the (Fed's) 2% objective, then it likely would be appropriate for the (Fed) to increase the target range for the federal funds rate in June," said the minutes, which were released Wednesday with their regular three-week lag.

As part of this effort, officials toned down their assessment of risks posed by global economic and financial conditions, and pointed to additional strengthening of the U.S. labor market despite an apparent slowdown in economic activity.

"Participants generally agreed that the risks to the economic outlook posed by global economic and financial developments had receded over the intermeeting period," the minutes said.

Worries about risks from abroad and turbulent financial markets stayed the Fed's hands on interest rate increases in the early months of the year.

In internal discussions about the outlook, some Fed officials saw the risks as roughly balanced, while others were still concerned about global economic and financial risks.

More specifically, some cited as an uncertainty the upcoming June 23 referendum in the United Kingdom on whether to leave the European Union, which follows the Fed's next meeting by one week. Participants also raised concerns about "unanticipated developments" associated with how China manages its exchange rate.

Taken all together, the minutes showed officials are trying to give themselves room to maneuver in the months ahead. If the economy improves as they expect, the Fed wants to be able to raise rates in June or soon thereafter without committing themselves to a set path, the minutes suggested.

As part of that, they saw a need to reset market expectations.

"Some (officials) were concerned that market participants may not have properly assessed the likelihood of an increase in the target range at the June meeting, and they emphasized the importance of communicating clearly over the intermeeting period how the committee intends to respond to economic and financial developments," the minutes said.

Fed officials in recent days have flagged the potential for a June increase, pushing back on investors who have lowered the odds on such a move in recent weeks.

"I think that the data to my mind are lining up to make a good case for rate increases in the next few meetings, not just June, which means it's very live in terms of that," San Francisco Fed President John Williams said Tuesday in an interview with reporters and editors of The Wall Street Journal.

GVI Trading Room john 18:02 GMT May 18, 2016
BREAKING NEWS

U.S. March Fed Policy Minutes

U.S. Data Charts




NEWS ALERT
U.S. Fed Policy Minutes
Keep open risk of June hike if economy warrants it.
mixed comments


TTN: Live News Special Offer

Livingston nh 18:00 GMT May 18, 2016
CURRENT CONDITIONS: Mixed Markets Late In Europe

well cyberspace just absorbed 10 mins of time about the Fed Minutes outlook -- Cable stop hit - good day

tokyo joyya 17:37 GMT May 18, 2016
long jpy!

u/j still below 109.83 it again magic?

GVI Trading Room john 17:20 GMT May 18, 2016
CURRENT CONDITIONS: Mixed Markets Late In Europe

The 10-yr note is 1.821% +6.4 bps.

It is already priced defensively
S&P futures are +10.3 points on the day.

GVI Trading Room john 17:16 GMT May 18, 2016
CURRENT CONDITIONS: Mixed Markets Late In Europe

It may be hard to interpret the message of the Fed Minutes quickly today because the release comes across the wires in a barrage of headlines. The bottom line for traders will be whether or not the central bank signals that a rate hike is imminent.


Personally, I feel a hike on June 15, just before the June 23 Brexit vote is very improbable.

GVI Trading Room john 15:46 GMT May 18, 2016
CURRENT CONDITIONS: Mixed Markets Late In Europe

Fed sentiment back to 12% odds on a June 15 rate hike.

GVI Trading Room john 15:43 GMT May 18, 2016
CURRENT CONDITIONS: Mixed Markets Late In Europe

Euro mixed heading into the Fed Minutes. GBP in demand following IPSOS poll earlier sowing Brexit trailing badly.

equities are mixed while Crude remains bid.

PAR 15:33 GMT May 18, 2016
Stocks move higher - Credit lower
Reply   
Goldman Sachs says stop buying stocks ó buy this instead

Mtl JP 15:02 GMT May 18, 2016
BREAKING NEWS

something wrong in the world .. how is it possible for "experts" to be so far off with all the highspeed internet transfers of various industry data feeds, reports and industry surveillance

not that I mind , I am BoD usdcad, but just the same the Q lingers in my mind

GVI Trading Room john 14:32 GMT May 18, 2016
BREAKING NEWS

US EIA Weekly Inventories

U.S. Data Charts






NEWS ALERT
Crude Oil: +1.300 vs. -3.170 exp vs. -3.400 prev.
Gasoline: -2.500 vs. -0.700 exp vs. -1.200 prev.
Distillates: -3.200 vs. -0.250 exp vs. -1.600 prev.
Cap/Util: 90.5% vs. 89.70% prev.




Weekly Petroleum Status Report


TTN: Live News Special Offer

Vancouver G.A. 14:32 GMT May 18, 2016
Statist or Folk Hero ?

I think this man doesn't know the majority of buyers are Canadian citizens. I am not sure how he reached that, the look??

Mtl JP 14:19 GMT May 18, 2016
long jpy!



little res ahead of 111.8-ish

tokyo joyya 14:13 GMT May 18, 2016
long jpy!

109.83/85 turner

GVI Forex Blog 14:10 GMT May 18, 2016
GVI Trading Room Calendar for 18 May 2016
Reply   


May 18, 2016 (global-view.com) UPCOMING DATA HIGHLIGHTS Thursday, May 19, 2016.

  • Far East: AU- Employment
  • Europe: GB- Retail Sales, EZ- ECB Minutes
  • North America: US- Weekly Jobless, Philly Fed, LEI, Natural Gas

WEEKLY HIGH IMPACT NEWS:
18-May WEDNESDAY
14:30 US- EIA Crude
18:00 US- Fed Policy Minutes
19-May THURSDAY
00:30 AU- Employment
08:30 GB- Retail Sales
12:30 US- Weekly Jobless
20-May FRIDAY
12:30 CA- Retail Sales
12:30 CA- CPI
14:00 US- Existing Homes Sales

GVI Trading Room Calendar for 18 May 2016

GVI Trading Room Jay Meisler 14:06 GMT May 18, 2016
Livingston and dc cb
Reply   
nh and cb, can you please email me [email protected]

GVI Trading Room john 14:01 GMT May 18, 2016
Wednesday Trade

odds on a June 15 rate hike up to 20% vs. 12% earlier. USD positive.

Mtl JP 13:57 GMT May 18, 2016
long jpy!

usdyen 109.66 = minor 2x top on hourly

GVI Trading Room john 13:57 GMT May 18, 2016
Wednesday Trade

10-yr US bond 1.812%, +5.5bp. Consistent with our sentiment indicator today saying market is currently trading (rightly or wrongly) on view towards higher U.S. rates sooner rather than later.

GVI Trading Room john 13:53 GMT May 18, 2016
Wednesday Trade

nh- thank you for your 12:06 post.

worth reading for anyone waiting for the Fed Minutes @ 18:00 GMT today.

Mtl JP 13:22 GMT May 18, 2016
Wednesday Trade



2037.25
prancing around SnP 2044 line

GVI Trading Room Jay Meisler 13:20 GMT May 18, 2016
Get Your Complimentary Videos
Reply   

One look at GBPUSD and GBP vs. other currencies today reminded me if a video set I created which is perfect for this market. if you would like to get complimentary access to them, send me an EMAIL with Videos in the subject

Livingston nh 13:18 GMT May 18, 2016
Wednesday Trade

Cable up thru the 144EMA -- if Brexit polls driving this I'll add some short cable for another break below rising 21 dma (stop 1.4618) -- may get stopped quickly
__
No Fear trade in the 10 yr yet (rate hike) even tho SPX 2038 low looms

Mtl JP 12:43 GMT May 18, 2016
Wednesday Trade

why I keep sell on pops eurdlr bias:

U.S. 2 Year Treasury (US2Y :U.S.)
0.8512 % Yield 0.028

Germany 2 Year Bond (DE2Y :Germany)
-0.51 % Yield, -0.003

srce: cncb

Mtl JP 12:13 GMT May 18, 2016
Wednesday Trade

I once went to court with a govt body.
In court there is a process called "discovery" whereby both parties present their evidence. There was a discrepancy between the minutes of a meeting that I had and the govvy presented. So I demanded to see the secretary/treasurer's notes of the said meeting. That touched a raw nerve enough the govvy pulled out of the case. They did not want to be found for the liars they are.
-
I would second Ron Paul in an eventual Trump govt and fine-tooth audit the FED gang.

Mtl JP 12:08 GMT May 18, 2016
Wednesday Trade

edited (i.e changed) minutes ... lol
that takes the cherry on the cake

Livingston nh 12:06 GMT May 18, 2016
Wednesday Trade

John - the final version can put the emphasis on issues the Fed wants the market to consider, especially if the statement was not "clear" or there was "misunderstanding" -- adjectives are useful in sending the "correct" message // goes thru a couple of drafts

GVI Trading Room john 11:54 GMT May 18, 2016
Wednesday Trade

nh- Just to be clear. The Fed Minutes can be "edited" (=changed) since the meeting they are purported to be based upon. That means todays release could be sending an altered signal from that sent three weeks ago?

Livingston nh 11:47 GMT May 18, 2016
Wednesday Trade

SUDDENLY some folks began to pay attention to the FED Chicken Hawk babble about "live meetings" and likely "2 or even 3 hikes" -- Past Performance is no guarantee in horse racing or investing BUT betting that "this time is different" is risky (see Charlie Brown football as Lucy van Yellen yanks the ball away again)

NOTE WELL that the Chicken Hawks from yesterday DON'T vote and they were only bemoaning the odds not the race -- FOMC tout sheet out this afternoon see if Rate Hike gets scratched again

GVI Trading Room john 11:24 GMT May 18, 2016
Wednesday Trade

SC- see post @ 10:41 GMT IPSOS Poll

Mtl JP 11:11 GMT May 18, 2016
Wednesday Trade

u can always fade the Brexit denier poll, but be quick
1.4530ish = 3x top

Singapore SC 11:05 GMT May 18, 2016
Wednesday Trade

WTF Is there another UK poll out?

GVI Forex Blog 10:55 GMT May 18, 2016
Alert: How to Trade the FOMC Minutes
Reply   

The FOMC minutes, due at 18:00 GMT today, should be a non-event as it is old news but as most of us know, markets tend to move on such events. The tendency is to look for comments that support the current market view and react sharply if there is a surprise that negates that view.

Alert: How to Trade the FOMC Minutes

Mtl JP 10:49 GMT May 18, 2016
Wednesday Trade

john 10:36 - tky. see IF I can convert that into helping make some posipips.

GVI Trading Room john 10:41 GMT May 18, 2016
BREAKING NEWS

UK IPSOS poll 55% for staying in EU and 37% for leaving. GBP higher.

Source: TTN

GVI Trading Room john 10:36 GMT May 18, 2016
Wednesday Trade

How to read the Sentiment chart

The blue line is the odds FOR a Fed rate hike by year end. The odds are on an inverted scale, so as the blue line falls, the odds for a hike are higher.

the red line is EURUSD. This pair tends to be highly sensitive to the OUTLOOK for Fed policy. EURUSD tends to RISE on an outlook for an EASIER Fed, and FALL when the market expects a tighter Fed.

We inverted the sentiment line to keep it in phase with the EURUSD value.

GVI Trading Room john 10:26 GMT May 18, 2016
Wednesday Trade

Sentiment bias clear on our exclusive Fed policy indicator today. Odds for a rate hike are in excess of 100% by year-end. That translates into 100% odds for a 25bp hike and 14% odds for a second +25bp. Late Monday odds on a single rate hike were 80%.

Odds on a June hike are 12% vs. 4% Tuesday morning. The Fed is not going to hike rates in June just before the Brexit vote.

nw kw 10:16 GMT May 18, 2016
Wednesday Trade

China goes back to shadow banking

tokyo joyya 10:15 GMT May 18, 2016
long jpy!

this will be new high and double top on daily...

tokyo joyya 10:13 GMT May 18, 2016
long jpy!

something tells me usdjpy sill fall from 109.7/85 111.8/113.8

GVI Trading Room john 10:11 GMT May 18, 2016
BREAKING NEWS

DAX -14
DJ +1
SP +1

US 1.787% +3.0bp
DE 0.151% +1.9
GB 1.378% +2.5
JP -0.099% -0.5

EUR crosses broadly lower but up vs. commodity currencies
WTI $48.44 +0.13

Mtl JP 10:08 GMT May 18, 2016
long jpy!

long yen = short usd
-
usdyen 109.43
Expecting to go long on the next break N of 109.50 while above the 10 and 20 ma. Load more if n when the 10 (108.47) crosses over the 20 day (108.68)
srce.: gv chartpoints

tokyo joyya 10:05 GMT May 18, 2016
long jpy!

i do not trade in oil gold...no idea

nw kw 10:03 GMT May 18, 2016
long jpy!

but golds selling can be bigger moves,

tokyo joyya 10:00 GMT May 18, 2016
long jpy!

play the range short long both side good idea...

tokyo joyya 09:59 GMT May 18, 2016
long jpy!

till fomc range move 30/50pips up down up down...

nw kw 09:56 GMT May 18, 2016
long jpy!

u/j can long, look at usdsgd moving hard

tokyo joyya 09:53 GMT May 18, 2016
long jpy!

look like big time of chf selling coming usdchf want 1.20/1.30?chfjpy back to 70/85

nw kw 09:48 GMT May 18, 2016
long jpy!

g7 meat chfjpy leads if give it time lag ?

tokyo joyya 09:45 GMT May 18, 2016
long jpy!

today fomc take all supports stocks have to wait for move in jpn225 this week much at the end it will break dwn side.....

nw kw 09:41 GMT May 18, 2016
long jpy!

risk is audjpy and chfjpy support poss gov holding jpy.?

tokyo joyya 09:37 GMT May 18, 2016
long jpy!

just sold some 157.8 when i was it was at 157.8

nw kw 09:34 GMT May 18, 2016
long jpy!

might short gbpjpy

tokyo joyya 09:29 GMT May 18, 2016
long jpy!
Reply   
Sell USDJPY
Entry: now Target: open Stop: 110.5

heavly short now europe stocks weak.....

Mtl JP 09:28 GMT May 18, 2016
BREAKING NEWS

experts should be elated
for once their expectation is met by data release
glory allelooya

GVI Trading Room john 09:25 GMT May 18, 2016
Wednesday Trade


WEEKLY HIGH IMPACT NEWS:

18-May WEDNESDAY
14:30 US- EIA Crude
18:00 US- Fed Policy Minutes
19-May THURSDAY
00:30 AU- Employment
08:30 GB- Retail Sales
12:30 US- Weekly Jobless
20-May FRIDAY
12:30 CA- Retail Sales
12:30 CA- CPI
14:00 US- Existing Homes Sales


Trading Themes --
  • The Fed Policy Minutes from the latest meeting will be released Wednesday afternoon and will be closely examined for any changes in the policy tone between then and now. Fed Funds futures have now fully priced in a Fed rate hike by year-end from 80% odds in favor such a move on Monday afternoon.

  • A 0.4% mo/mo increase in U.S. April CPI Tuesday plus comments by Fed policy hawks suggestive of an earlier than expected policy tightening have been supportive of the USD generally. Markets will be watching equities closely today. S&P futures are up slightly at this hour.

  • Japanese 1Q16 GDP gained 0.40% q/q vs. estimates for a +0.10% gain. Nevertheless, the UASJPY is higher.

  • Hillary Clinton took another step closer to winning her party's nomination to run for President Tuesday with a win in Kentucky. She lost in Oregon, as expected.

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


GVI Trading Room john 09:01 GMT May 18, 2016
BREAKING NEWS

EZ flash HICP data unrevised.

GVI Trading Room john 09:00 GMT May 18, 2016
BREAKING NEWS

Final EZ HICP (CPI) April 2016





ALERT

yy: -0.20$ vs. -0.20% exp. vs. -0.20% prev.

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


TTN: Live News Special Offer

GVI Forex Blog 08:49 GMT May 18, 2016
BREAKING NEWS: U.K. Employment Data Mixed
Reply   
U.K. Claimant Count falls. (lower=better). Previous claims revised higher. Unemployment steady. Earnings better.

BREAKING NEWS: U.K. Employment Data Mixed

GVI Trading Room john 08:37 GMT May 18, 2016
BREAKING NEWS

Mixed UK employment data after revisions. GBP trades higher then breaks.

GVI Trading Room john 08:33 GMT May 18, 2016
BREAKING NEWS

U.K. Employment March/April 2016




-- NEWS ALERT --

Claimant Count: -2.4 vs. +4.0 exp. vs. +6.7 (r +14.7) prev.
ILO Rate: 5.10% vs. 5.10% exp. vs. 5.10% prev.
earnings x-bonus:2.10% vs. 2.30% exp. vs. 2.20% prev.
earnings: 2.0% vs. 1.70% exp. vs. 1.80% (+1.90%) prev.


TTN: Live News Special Offer

London 08:12 GMT May 18, 2016
New signal by our verify account
Reply   
Sell
Entry: 0.67699 Target: +65 Pip Stop: -65 Pip

New Signal: Sell NZD/USD

Visit us for free trial with our 140% profit in our verify account


Posted with permission of global-view.com

Forex signals

Maribor 08:00 GMT May 18, 2016
EUR
Reply   
EUR seems to be targeting ~1,122 lower edge of channel, from where I would expect to turn up again. Equivalent upper edge of channel for USDJPY is now at 110,6. No warranties...

Good luck!

PAR 07:41 GMT May 18, 2016
1280 capped

US rate hike will be bad news for gold . Higher interest rates may kill gold . Gold only costs you money if it doesnt rise .

HK Kwun 05:07 GMT May 18, 2016
1280 capped
Reply   
Sell Gold
Entry: 1276 Target: Stop: 1286

sell now

tokyo joyya 03:22 GMT May 18, 2016
long jpy!

no big move till fomc?going out now back in 8hours...

tokyo joyya 03:13 GMT May 18, 2016
long jpy!

orders 109.5/75 124.3/5 158.5/158.85

tokyo joyya 02:57 GMT May 18, 2016
long jpy!

Buy EURUSD
Entry: Target: Stop:

long now this pair target 1.14

tokyo joyya 02:54 GMT May 18, 2016
long jpy!

Sell USDJPY
Entry: Target: Stop:

thanx God i closed most of positions....now short again in late europe let them bounce...

Hong Kong HK 02:51 GMT May 18, 2016
AceTrader May 18: Intra-Day Market Moving News and Views (USD/JPY)
Reply   
18 May 2016 01:12GMT

USD/JPY - ..... Dlr fell in active Tokyo trading due to intra-day renewed yen's strength after Japan's GDP expanded much higher than street forecast and grew by an annualised 1.7% in January-March vs a median market forecast for a 0.2%.

Despite a brief jump to 109.25 when the GDP was released, traders bot the yen broadly and price later penetrated yesterday's low at 108.84 (New York) to 108.81.
Looks like dlr would trade with a downside bias today after hitting a fresh 2-week peak of 109.65 on Tuesday and offers are tipped at 109.15/25 with some stops above there, however, heavy offers are reported at 109.55/65.
Some bids are noted at 108.80-70 with stops touted below there and more below 108.40, however, there is market chatter of fairly good resting buy orders at 108.25-20.

No major U.S. eco. data is due out except the important FOMC minutes at 18:00GMT, however, nearly all of you who are now reading this update will be snoozing by that time.

dc CB 01:14 GMT May 18, 2016
ISO (InSearchOf)
Reply   
an worthy Enemy.
2 bit terrorist types need not respond.

Ship to Shore

Mtl JP 00:10 GMT May 18, 2016
Wednesday Trade

fwiw - curtesy BoA Merril Lynch Global Research via zh

The Only Chart You Need To Trade This Market

 




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

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AAGB/US- Holiday
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AA 18:00 US- BOC Decision
A 18:30 US- EIA Crude
Thu 30 Mar 2019
AAEZ/CH- Holiday
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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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