Mtl JP 22:13 GMT June 1, 2016
BREAKING NEWS
re "reasons for keeping oil prices low" China too has very compelling reasons to see low crude prices: China has made $$$$ loans to oil producers when crude was peddling around $100/bbl to be paid back not in $$$$ but in barrels of crude.
I am sure you can appreciate why China would like to see bbl trade sub 30/25 bux
GVI Trading Room john 21:44 GMT June 1, 2016
BREAKING NEWS
JP- I don't get your point. The Saudis are the swing OPEC oil producer and have been for many decades. They have political and long term economic reasons for keeping oil prices low. That's all there is to it.
Should an OPEC cartel be tolerated by consuming nations? I think not, but it is.
Mtl JP 21:34 GMT June 1, 2016
BREAKING NEWS
the saudis are at risk of becoming clowns if not dunces with their pretentions of OPEC rule.
Mtl JP 21:14 GMT June 1, 2016
Thursday Trading
Robot constrained to look for trades to trade audusd from short side only
This puppy should go down on Chinese in-ability to not only grow their economy but to not hold it to grow at recent pace.
thks OECD
Mtl JP 21:10 GMT June 1, 2016
BREAKING NEWS
last wti quote 48.92
nothing to get excited about either way
usdcad slightly down at 1.3071-ish
GVI Trading Room john 20:42 GMT June 1, 2016
BREAKING NEWS
unexpected build in crude. EIA data (15:00 GMT) on Thursday.
GVI Trading Room john 20:38 GMT June 1, 2016
Thursday Trading
Reply
Trading Bias Indicators
20-day 1.1245
Pivot 1.1167
Fed Funds Sentiment Amazing how it adjusts...
Mtl JP 19:06 GMT June 1, 2016
BREAKING NEWS
john it just says that BBook's "A" risk rating is mootcho mas too generous (B or B-). Not worth the time waiting for its release to try to either protec one's account or add to it on the back of this release.
GVI Trading Room john 18:02 GMT June 1, 2016
BREAKING NEWS
not a ringing report?
Mtl JP 16:50 GMT June 1, 2016
BREAKING NEWS
red Draghi should be excused to gloat a bit ... about alleged economic improvements and by him seem improving - how-ever slowly and fragily - economics. Potentially eventual posi-reaction in euro should be a Sell-on-Pops trade opp
Mtl JP 16:45 GMT June 1, 2016
BREAKING NEWS
john OPEC may not be a democracy but its top dog undisputed ruler is poof. POOF ! gone. They need to be careful now.
london red 16:44 GMT June 1, 2016
BREAKING NEWS
i dont see any new low pre draghi. mkt isnt expecting much, he may talk it down during presser, but might go up a little first. mkt will quickly turn to nfp where one will need to consider more than just the headline print. more on that friday pre nfp.
GVI Trading Room john 16:42 GMT June 1, 2016
BREAKING NEWS
OPEC meets tomorrow in Vienna. It is not a democracy. One country in essence holds all the votes!
GVI Trading Room john 16:39 GMT June 1, 2016
BREAKING NEWS
Report OPEC split on Ol production limits
Source: TTN
Belgrade Knez 16:04 GMT June 1, 2016
BREAKING NEWS
london red
where do you see lowest EU for this down move please?
thank you.
GVI Trading Room john 16:00 GMT June 1, 2016
BREAKING NEWS
Atlanta Fed GDPNow 2Q116 GDP 2.50% from 2.90% (May 31)
-- Source: TTN
Mtl JP 15:50 GMT June 1, 2016
Brexit
Livingston nh plz c POL
Mtl JP 15:21 GMT June 1, 2016
BREAKING NEWS
boo-wa-hahahaha... the the neck cutters are really struggling to try to remain relevant eh ?
Can u imagine Janet raises her interest rate and dollar rallies and .... crude pukes to $25 or lower ?!?!
double buwahaha
Stay usdcad BoD biased.
go janet go! raise that rate ! go janet go !
GVI Trading Room Jay Meisler 15:13 GMT June 1, 2016
BREAKING NEWS
11:12 Sources say OPEC likely to consider new oil output ceiling at tomorrow's meeting - press
- Source TradeTheNews.com
london red 15:03 GMT June 1, 2016
BREAKING NEWS
euro watches note eurgbp, right on long stable ichy kijun 7755. pop here either way will spike euro and thats likely to be last stop run of interest for the day and price should drift in reverse of spike.
london red 14:45 GMT June 1, 2016
BREAKING NEWS
JP, monthly candle shows all need to see. closed month at low, could do with some back fill. likely some backfill will take place after brexit vote but some may take place earlier. 11245 is the key on the upside. if that breaks we can backfill to 11450 max ie 11250-11450 top of monthly candle prior to brexit. after brexit, its imp to remember end of month closing point likely to differ vastly from initial move.
london red 14:41 GMT June 1, 2016
BREAKING NEWS
prior saw a big rise but that falls into q1 (march) and old news. april will pullback q2 f/c but not by much still will be well over 2% - we are on the "will raise as long as nothing bad happens" train again as last q4.
GVI Forex Blog 14:38 GMT June 1, 2016
GVI Data Calendar for 2 June 2016
Reply
June 1, 2016 (global-view.com) UPCOMING DATA HIGHLIGHTS for Thursday, June 2, 2016.
- Far East: AU- Trade
- Europe: GB- Construction PMI, EZ- PPI, Industrial Production, ECB
- North America: US- ADP Jobs, Weekly Jobless, Nat Gas, Crude
WEEKLY HIGH IMPACT NEWS:
2-JUNE THURSDAY
11:45 EZ- ECB
12:15 US- ADP
12:30 US Weekly Jobless
15:00 US- Crude
3-JUNE FRIDAY
all Day Global PMIs
12:30 US- Employment
12:30US/CA- Trade
GVI Data Calendar for 2 June 2016
PAR 14:31 GMT June 1, 2016
BREAKING NEWS
How does that big drop in construction spending correlates to all those strong NAHB and housing figures ?
london red 14:18 GMT June 1, 2016
Exclusive Brexit Poll Update: What Polls Do Not Show You
plenty of polls to come some will favour stay camp and will boost cable but likely to be capped 147 now into vote unless stay camp really pulls ahead prior to vote. voting boothes close from memory at 11pm uk time (maybe 10pm) and there will be no "official" exit poll done by the broadcasters.
Mtl JP 14:13 GMT June 1, 2016
Exclusive Brexit Poll Update: What Polls Do Not Show You
joyya Brexit is a first in British history.
British are used to dominate in the world , not be stepped on dominatees.
Brexit is highly polarizing - just look at the extent of dirty trickery Cameron and his co-traitors are ready to employ.
Good justification for your dealer to claim "no takers" on the other side of your trade until some +/- 2-3-4-5% away.
I let u do your math w/respect to the risk to your account.
london red 13:22 GMT June 1, 2016
Exclusive Brexit Poll Update: What Polls Do Not Show You
those believing they are doing gods work and another prominent ib have taken it upon themselves to get an edge come vote day. not wanting to do some desk jockeys job for him, more on this on the day of the vote and how to trade gbp on the day and the day after the vote.
Mtl JP 13:13 GMT June 1, 2016
Exclusive Brexit Poll Update: What Polls Do Not Show You
What polls do not show you is how to pre-position for a get rich trade prior to a poll release. For that you would have to be an insider.
I am not an insider so as such I am reduced to technicals.
IF I were to trade gbp I would only trade it from the short side seeing as Brexit is considered a dark cloud until it goes away.
short-term technically it is a sell on pops to or while under 1.4440/50
Mtl JP 12:46 GMT June 1, 2016
Wednesday Trading
Sell EURUSD
Entry: break S of 1.11735 if seen Target: 1.105-ish Stop: tight
1.1183
If eurdlr turns back under 1.11735 there is a chance that price action will come back to it once or 2x before definitely reversing current bid again (as it it did yesty)
tokyo joyya 12:41 GMT June 1, 2016
Wednesday Trading
Mtl JP 12:36 GMT 06/01/2016
yes agree euro and gbp seems go down long term can be very deep....
Mtl JP 12:36 GMT June 1, 2016
Wednesday Trading
tomorrow should offer new "get rich off the cretins" trade opportunity:
02/06/16 11:45 A EZ Europe Cntl Bank 0.05% 0.05%
02/06/16 12:30 A EZ ECB Webcast
particularly IF the ECB sends out "somewhat improving econ conditions" smoke signals.
I will be, as I am today, looking for short euro trade signals
keeping robot to trade only from short eurdlr side
tokyo joyya 12:29 GMT June 1, 2016
Wednesday Trading
Mtl JP 12:16 GMT 06/01/2016
i will buy audusd below 0.7 and keep adding target long term 1.2/1.3...right now short audjpy from 86.....
tokyo joyya 12:22 GMT June 1, 2016
Wednesday Trading
Mtl JP 12:16 GMT 06/01/2016
now i am very sure about yen bullishness..i will buy more and more bod jpy...i am just said becareful when short jpy its just alert for new trader donot short much jpy if they still want its ok....
tokyo joyya 12:18 GMT June 1, 2016
June Trading
right now losing 100$usd which is nthing....but i bought zarjpy below 7.0 heavly now add 6 and 5 if seen.....
Mtl JP 12:16 GMT June 1, 2016
Wednesday Trading
tokyo joyya 11:54 one thing is sure
one thing that is sure is that nothing is sure.
"is sure", "possible" and "maybe" in same sentence is a sure indication of uncertainty
-
Trade suggestion:
look for short aud opportunities on OECD's China "growth" projection.
risk caveat applies.
tokyo joyya 12:15 GMT June 1, 2016
June Trading
Mtl JP 12:07 GMT 06/01/2016
take small lots when i short jpy and add i start from 1000lot then add max 10000/20000....
Mtl JP 12:07 GMT June 1, 2016
June Trading
Reply
Specifically referring to Brexit vote as catalyst, I received a warning message recently from one of my brokers about the risk of price volatility in late June potentially presenting margin call risk.
They suggested to pour more money into the account. I thank them for their concern and suggestion but I have a different view and tactic:
1) reduce my trading volume ahead of last week
2) infinitesimally reduce my trading size
but certainly NOT add money to my account and potentially lose a bigger amount.
Good overview read in link below about a time line of upcoming politico/economic/financial events in last week of June:
It�s not just Brexit � Greece, Spain, France are also on the brink
tokyo joyya 11:54 GMT June 1, 2016
Wednesday Trading
one thing is sure jpy is very bullish in near future becareful when short jpy 3000/5000pips gain possible with in year...maybe usdjpy bck to 75/85...
london red 11:35 GMT June 1, 2016
Wednesday Trading
yen fibs 11/21 with stops i bet better fade 10870.50 for 10911/21. 40 should cap bounce if not its going bk up
London Chris 11:14 GMT June 1, 2016
Wednesday Trading
Red good point about jpy Brexit safe haven but also suggests market caught the wrong way in gbpjpy.
tokyo joyya 11:08 GMT June 1, 2016
Wednesday Trading
bali sja 11:03 GMT 06/01/2016
long term target 95....short term maybe one more push to 111.8 then ding dong
bali sja 11:03 GMT June 1, 2016
Wednesday Trading
what happened to the 85 usdjpy target? turned long now?
tokyo joyya 10:57 GMT June 1, 2016
Wednesday Trading
anyone see usdjpy rise from here to 111.8?looks to me possible...
london red 10:53 GMT June 1, 2016
Wednesday Trading
today i doubt it. i suppose there may be some stops under 200dma but mkt is short and more stops are to topside for now. so far as yest 200hma capping but stops sit abv there and abv 80. a bull trap would run stops but fail at 11196 (stop 11203) with hourly close at/lower than 200hma. if not then 15/20 and 45 but u should be fading rallies as risk is to downside. mkt not looking for much from draghi but any bounce will be sold into as mkt looks to set up for nfp and slowly further price in july us rate. on top of this usd is safehaven vs brexit. less so than jpy but next in line.
Belgrade Knez 10:47 GMT June 1, 2016
Wednesday Trading
london red 10:15 GMT 06/01/2016
res 11180 11218/20 11245 sup 11115 11086
thank you london red
do you think we can see 1.1115 or 1.1086 today?
thank you.
GVI Trading Room john 10:27 GMT June 1, 2016
Wednesday Trading
Sentiment/bias
Mixed
20-day 1.1257
Pivot 1.1143
GVI Trading Room Fed Funds Sentiment indicator: neutral
GVI Trading Room john 10:18 GMT June 1, 2016
Wednesday Trading
EUR demand coming out of GBP
Watch fur offset selling of EUR out of JPY now that Japan has postponed its idiotic sales tax increase.
london red 10:15 GMT June 1, 2016
Wednesday Trading
res 11180 11218/20 11245 sup 11115 11086
they took some stops yest but may do one more lot ahead of ecb. fade 80 with tight stop 85-88. if beaten fade 11215/20 and 11240 with stop at 46. during draghiu tomo they may run that stop so take profit earlier (so you can go ahead after ecb) but euro not likely to close up there even if folks stops get taken as they will be setting up for nfp friday and going in slightly long usd. there f/c touch lower this time but usd likely to rally even on bad news once friday stops done.
GVI Trading Room john 10:14 GMT June 1, 2016
Wednesday Trading
WEEKLY HIGH IMPACT NEWS:
1-JUNE WEDNESDAY
00:30 AU- GDP
all day Global PMIs
18:00 US- Beige Book
2-JUNE THURSDAY
11:45 EZ- ECB
12:15 US- ADP
12:30 US Weekly Jobless
15:00 US- Crude
3-JUNE FRIDAY
all Day Global PMIs
12:30 US- Employment
12:30US/CA- Trade
Trading Themes --
- The EURUSD pair is off to a lackluster start for the new month. Importantly the 1.1100 level has held earlier today (1.1114 Low). The recent Equities to EURUSD negative correlation has broken down. Weak oil prices into the Vienna OPEC meeting tomorrow have been weighing on stocks. No production cuts are seen as likely. Stronger oil prices have tended to be supportive of stocks and vice-versa.
- The GBP continues to be focused on the Brexit vote which is only about three weeks away (June 23). One leading betting firm said today the odds for a victory by the "leave" camp have improved to 26% from 21% yesterday. Opinion polls are mixed but on average show the "stay" supporters ahead by a few percentage points. The GBP is soft vs. the USD and EUR. The JPY gained after Japanese PM Abe announced a sales tax hike delay.
- This is an active week on the data front. Major items include final Service PMIs on Friday. The ECB meets on Thursday. No rate changes are predicted. The May U.S. non-farm payroll report is released on Friday. A tepid jobs figure is expected.
- Eurozone Final Manufacturing PMIs released today were about flat, while others were mixed. U.S. and Canadian PMIs will be released later today.
John M. Bland, MBA
co-founder Global-View.com
Belgrade Knez 10:07 GMT June 1, 2016
Wednesday Trading
london red
can you share your view about EURUSD please?
thank you.
london red 09:59 GMT June 1, 2016
Wednesday Trading
brexit fears resurfaced (for those convinced they actually subsided) and so jpy haven buying too. rates come off a little as well taken fizz out of pair. staying abv 10940 keeps upside in play otherwise 108xx.
Mtl JP 09:02 GMT June 1, 2016
Trade Off The Cretins Corner
according to OECD Secretary-General Angel Gurr�a:
�Growth is flat in the advanced economies and has slowed in many of the emerging economies that have been the global locomotive since the crisis,� ... �Slower productivity growth and rising inequality pose further challenges. Comprehensive policy action is urgently needed to ensure that we get off this disappointing growth path and propel our economies to levels that will safeguard living standards for all,�
--
United States is projected to grow by 1.8% in 2016 and 2.2% in 2017.
The euro area will improve slowly, with growth of 1.6% in 2016 and 1.7% in 2017.
In Japan, growth is projected at 0.7% in 2016 and 0.4% in 2017.
The 34-country OECD area is projected to grow by 1.8% in 2016 and 2.1% in 2017
in China, growth is expected to continue to drift lower to 6.5% in 2016 and 6.2% in 2017, supported by demand stimulus.
India�s growth rates are expected to hover near 7.5% this year and next
The deep recessions in Russia and Brazil will persist, with Brazil expected to contract by 4.3% in 2016 and 1.7% in 2017.
OECD says
tokyo joyya 07:53 GMT June 1, 2016
Wednesday Trading
Mtl JP 07:37 GMT 06/01/2016
i have small longs gbpjpy gbpusd usdjpy eurjpy eurusd....lets see happy trade
Mtl JP 07:37 GMT June 1, 2016
Wednesday Trading
I am still BoD usd, example BoD usdcad trgt 1.33+
tokyo joyya 07:31 GMT June 1, 2016
Wednesday Trading
Mtl JP 07:27 GMT 06/01/2016
hahaha yes right i can understand....do you see any other set up?
PAR 07:28 GMT June 1, 2016
JAPAN
Reply
Japan fiscal and monetary irresponsibility and failure.
0724 GMT [Dow Jones] The most important takeaway from Japan Prime Minister Shinzo Abe's delaying a sales tax increase is not the fiscal impact--it's the failure of Abenomics to make the Japanese economy robust enough to withstand such a tax increase, says Japan Macro Advisors chief economist Takuji Okubo. "The tax hike would have done little to alleviate Japan's fiscal problem," he says. "The revenue from the hike would have been less than 1% of GDP--that pales against what is in fact required for Japan to stabilize its debt." He says that it's safe to say that Abenomics has failed. "The Abe government has not realized its initial goal of 2% growth and 2% inflation in two years. Nor do I think they will be able to achieve such goal in the next few years."([email protected])
Mtl JP 07:27 GMT June 1, 2016
Wednesday Trading
joy I am currently allergic to anything gbp/x
tokyo joyya 07:19 GMT June 1, 2016
Wednesday Trading
Mtl JP 07:11 GMT 06/01/2016
do you see gbpjpy 500pips down in 24hours...missed that trade short 163.5/8 i went long...
tokyo joyya 07:16 GMT June 1, 2016
Wednesday Trading
Mtl JP 07:11 GMT 06/01/2016
maybe from this week down down down?or up down?
tokyo joyya 07:06 GMT June 1, 2016
long
bfore 23june 400/800pips up down up down maybe Volatility....right?
tokyo joyya 06:48 GMT June 1, 2016
long
Reply
Buy GBPUSD
Entry: 1.4455 Target: open Stop: 1.4415
going long..
tokyo joyya 06:18 GMT June 1, 2016
usdjpy!
Reply
Buy USDJPY
Entry: Target: Stop:
going long 109.75..shorts closed....
GVI 01:53 GMT June 1, 2016
BREAKING NEWS
China may caixin MFG PMI final decrease to 49.2 (fcast 49.3 ) vs. prev 49.4
dc CB 01:47 GMT June 1, 2016
Tuesday Trading
dc CB 17:19 GMT May 31, 2016
Rate Hike Odds? a 0.25% Bump ----spare me.
Here are some of the Rate Hikes that are Proposed........
Decision for the rate that will go into effect in 2017 will be made and notices will go out in the fall --- right at election time.
++++++++++++++++++++++++++++++++++++++++++++++++
Ho ho ho Hillary ...Good Luck in that California Primary next week.- June 7.
++++++++++++++++++++++++++++++++++++++++++++++++
PBS NewsHour:
UnitedHealth Group Inc. is leaving California�s insurance exchange at the end of this year, state officials confirmed Tuesday.
UnitedHealthcare to pull out of Obamacare markets in California
GVI 01:41 GMT June 1, 2016
BREAKING NEWS
AUD up on
MNI: AUSTRALIA Q1 GDP +1.1% Q/Q; MNI MEDIAN +0.8% AUSTRALIA Q1 GDP +3.1% Y/Y; MNI MEDIAN +2.9%
GVI 01:30 GMT June 1, 2016
Wednesday Trading
Reply
Global PMI day so plenty of data for movement. Use our calendar
