GVI Trading Room john 21:02 GMT June 2, 2016
Friday Trading
Fed Funds indicator suggests that at 1.1150 the EURUSD is correctly priced. Earlier today it suggested that 1.1200+ was too high.
GVI Trading Room john 20:59 GMT June 2, 2016
Friday Trading
Sentiment//Bias Indicators
20-day avg 1.1242
Pivot Point 1.1171
Fed Funds Indicators starting to suggest EURUSD over extended to the uppside??
GVI Trading Room john 20:24 GMT June 2, 2016
Friday Trading
Reply
3-JUNE FRIDAY
all Day Global PMIs
12:30 US- Employment
12:30US/CA- Trade
Trading Themes --
- The major focus of trade Thursday was the ECB policy decision and press conference. Trade during the event was volatile, but lacked both rhyme and reason. Nothing of consequence came fronm the meeting with the ECB lowereing modestly its long-term growth forecasts. The basic message of President Draghi was that it will likely take an extended period of time to raise the inflation and growth rates.
- The ADP estimate for Private Job growth on Friday was for a gain of +167K. This was close to street estimates for the data. Consensus estimates for non-farm payrolls are for a gain of +160K Friday at 12:30 GMT. The Fed has gone to great pains recently to lower the bar on acceptable employment growth from 200K per month to something closer to 100K. Top offiials indicate that the economy is virtually at full-employment but do not explain why at full-employment economic growth is so slow. The jobs data on Friday could be decisive for the Fed policy decision on June 15.
- Oil prices held roughly steady following a decision to hold policy steady at Vienna OPEC meeting. There had been some market chatter about a possible agreement to freeze production levels. However, the final communique indicated that supply and demand are coming into balance. OPEC has lost the influence it once had over global production.
- The GBP continues to be a key trading focus. The Brexit vote is now just three weeks away (June 23). Opinion polls are mixed but on average show growing momentum for the "Leave" side. The May U.K. Construction PMI was weaker than expected. Latest Service PMI data are due on Friday.
- Major upcoming items Friday also include final global Service PMIs.
John M. Bland, MBA
co-founder Global-View.com
Mtl JP 17:38 GMT June 2, 2016
Trade Off The Cretins Corner
john u r just sour grapes that u do not have a cushy job with a steady $10+k/week salary from which u can not be fired right or wrong lol
GVI Trading Room john 17:33 GMT June 2, 2016
Trade Off The Cretins Corner
Seriously these guys live in an echo chamber. The economy is at full-employment only if you believe their faulty statistics. The economy is at full-employment and it grows at only 0.7% in 1Q16. This makes no sense!
Luckily these guys are not engineers sending astronauts into space.
GVI Trading Room john 17:30 GMT June 2, 2016
Trade Off The Cretins Corner
Kaplan:
-- Economy close to full employment
-- Fed should raise rates gradually
-- Cost for keeping rates thus low
-- 1Q growth disappointing
Mtl JP 16:38 GMT June 2, 2016
Trade Off The Cretins Corner
non-voter Kaplan yaks at top of hour
he is on record for wanting a rate hike in June or July
-
l8tr in aft yaks non-voting dove Evans
tokyo joyya 15:54 GMT June 2, 2016
sell euro!
Mtl JP 15:38 GMT 06/02/2016
yes i will short gbp but when rise not now maybe bfore 23june gbp rise so i will wait...today chfjpy and eurjpy taken support gbpjpy and usdjpy well above recent low looks to me eurjpy and chfjpy go down 1st 400/900pips down bfore gbp chfjpy target 100 eurjpy 117/115...if gbpjpy stay above 156 eurjpy 115/117 which is possible all jpy pairs doing lower low eurjpy each time droping 400pips usdjpy 200pips each time...this is what i see....i think gbpchf rise eurgbp go down 1st ...Brexit also effect euro uk sending 350m pound to eu... look at jpy all pairs weekly monthly wat is going on....happy trade
dc CB 15:46 GMT June 2, 2016
sell euro!
SToX are steady because there is NO VOLUME.
Big primary in Calif, NJ, ND, Montana on tues.
No big moves allowed.
Must elect Hillary.
SPY yest Volume
Mtl JP 15:38 GMT June 2, 2016
sell euro!
joy it is market ploy to fray the nerves of those sitting at their screen watchin 'n waiting only they know for what.
note: the moneywhore business is like war: long periods of preparation, waiting and boredom and short moments of desperation.
Only sometimes it offers a joyful ride.
--
IF you have sociopathic self-abusing tendencies I suggest trading the gbp heading into Brexi vote: volatility is likely to increase and thrills along with it. To trade the gbp prior to Brexit I would trade it only from the short side on the theory that markets do not like uncertainty, so on every poll that comes out showing "stay" leading is a sell opportunity.
usual caveat applies
nw kw 15:31 GMT June 2, 2016
sell euro!
bond started to move more rong way?
tokyo joyya 15:24 GMT June 2, 2016
sell euro!
why dow dax spx very steady?
tokyo joyya 15:07 GMT June 2, 2016
sell euro!
maybe bfore 23june gbpchf 1.5/1.6 and eurgbp 0.7/0.73
PAR 15:03 GMT June 2, 2016
ECB Chronic Depression
But equally, it underlines that today's ECB meeting and forecasts were above all aimed to ensure no surprises whatsoever, perhaps hoping (completely forlornly) that to offer no additional incentives for money fleeing GBP in the event of a pro-Brexit vote to go into the Euro, even if that seem very unlikely to be a material consideration for investors. That said, if the UK referendum turns out in favour of 'remain' and oil prices continue to stabilize, then the ECB staff forecasts for CPI may need a sharp upward adjustment in September, perhaps as much as 0.3 ppts for 2017 and 2018 (2016 being rather moot by that stage), which would have to be carefully stage managed, if it were not to be an unwelcome shock for financial markets.
Mtl JP 14:58 GMT June 2, 2016
sell euro!
talking of CBs
look how players reacted - a lesson - to a switch from monetary to fiscal in Japan:
less current emphasis on numbnuts Kuroda and printing
more emphasis on numbnuts Abe and his govt coffers foregoing revenue from a delayed tax hike
PAR 14:56 GMT June 2, 2016
ECB Chronic Depression
"* Forecasts - a) in terms of GDP 2016 now seen at 1.6% y/y vs 1.4%, 2017 at 1.7% (stet), 2018 1.7 vs. 1.8% - no real surprises there, they presume Eurozone grow around its potential rate, though the very even profile inevitably looks rather improbable; b) CPI - 2016 now seen at 0.2% y/y vs 0.1%, but medium-term forecasts unchanged vs March 2017 at 1.3%, 2018 1.6% - this despite oil rallying from $35.0 in March to around $50 currently. One could conclude that the staff forecasters do not believe the current oil price rally will be durable. However, it is more likely that the ECB wanted to ensure that the forecasts implied no chance of an early discussion about tapering its current array of QE measures. Risks continue to be stressed as being to the downside."
Mtl JP 14:50 GMT June 2, 2016
Thursday Trading
eur gv chartpoints:
Res 1 1.1219
Pivot 1.1167
Sup 1 1.1140
Sup 2 1.1088
Mtl JP 14:46 GMT June 2, 2016
sell euro!
yes joy, it is better to not trust the CBs; it is much better to use them as useful dunces and ride on their backs for posi-profits instead.
It is what I call make them "serve the people".
Mtl JP 14:42 GMT June 2, 2016
Thursday Trading
judging from usdcad price action OPEC mojo to dictate production allocation and dictate price is poof. POOF !!
tokyo joyya 14:41 GMT June 2, 2016
sell euro!
Mtl JP 14:37 GMT 06/02/2016
Yes best is do not trust on central banks lol...usdjpy at 50% 105.5/111.5...
Mtl JP 14:37 GMT June 2, 2016
sell euro!
joy mixed is better than one-sided; imagine a vertical line on your chart
or no line at all lol
-
re players (not)trusting Janet: the jury is out. deliberating.
tokyo joyya 14:22 GMT June 2, 2016
sell euro!
rate hike but usd is mixed?why?markeet not trust on fed?
Amman wfakhoury 14:05 GMT June 2, 2016
EURJPY move big
EURJPY moved more than 100 pips.
GVI Forex Blog 14:03 GMT June 2, 2016
GVI Data Calendar for 3 June 2016
Reply
June 2, 2016 (global-view.com) UPCOMING DATA HIGHLIGHTS for Friday, June 3, 2016.
- Far East: No Major Data
- Europe: EZ/GB- Service PMI's EZ- Retail Sales
- North America: US/CA- Trade, US- Employment, Service PMI's, Factory Orders, Rig Count, COT Report
WEEKLY HIGH IMPACT NEWS:
3-JUNE FRIDAY
all Day Global Service PMIs
12:30 US- Employment
12:30 US/CA- Trade
GVI Data Calendar for 3 June 2016
tokyo joyya 14:01 GMT June 2, 2016
sell euro!
Buy GBPCHF
Entry: Target: open Stop: 100pips
bought now....
PAR 13:50 GMT June 2, 2016
ECB Chronic Depression
The Soviet Central Plan Bureau also consisted of highly educatad people with the best intentions and the CPB managed to destroy the Soviet economy .
History has proven that Free Markets lead to better capital allocation than Central Planning .
Mario was educated in an Italy that admired the Soviet Union , that in his genes . Don Camillo vs Peponne.
https://www.youtube.com/watch?v=PUl3rTxvMhY
tokyo joyya 13:50 GMT June 2, 2016
sell euro!
Sell CHFJPY
Entry: Target: open Stop: 100pips
maybe short good idea chfjpy and eurjpy...
tokyo joyya 13:47 GMT June 2, 2016
sell euro!
Reply
panic selling of eurjpy
dc CB 13:39 GMT June 2, 2016
ECB Chronic Depression
Un-Elected Ruler, Mario Draggi vows to continue EBD's Chronic OPPRESSION until every middle class citizen of the European Union is financially decimated.
Carpet bombing will commece June 8 and continue well into 2017.
Mtl JP 13:33 GMT June 2, 2016
ECB Chronic Depression
john 13:25 the ECB has some 2,500 staff... mostly with high education pedigree. Might you be suggesting that a market determined solution might be better solution than one insisted upon by (quasi) government ?
PAR 13:28 GMT June 2, 2016
ECB Chronic Depression
ECB press conference finished . Far from convincing .
Euro down , stocks down . It keeps on raining in Europe and that is making Draghi even more depressive .
Give Draghi PROZAC . These policies are not working .
Find someone new . MOURINHO at the ECB ?
GVI Trading Room john 13:25 GMT June 2, 2016
ECB Chronic Depression
Agree Re Draghi... a depressing presentation today. In essence he implied the ECB is out of ideas.
GVI Trading Room john 13:23 GMT June 2, 2016
BREAKING NEWS
OPEC: supply and demand are converging
source: TTN
Amman wfakhoury 13:21 GMT June 2, 2016
EURJPY move big
Amman wfakhoury 12:13 GMT 06/02/2016
EURJPY ready to move 100-120 pips down as 121.60 confirmed from yesterday.
Any move to up will return to 122.44
Sell add sell if rise
_______________________
121.60 reached.
Mtl JP 13:08 GMT June 2, 2016
Thursday Trading
Sell EURUSD
Entry: market and pop up Target: south Stop: 1.1220/40-ish
'nuff-o-quack
posi-trades pay the bills
PAR 13:03 GMT June 2, 2016
ECB Chronic Depression
Draghi = Hollande . Wait you will see the results .
We have been waiting for 5 years .
Mtl JP 13:00 GMT June 2, 2016
ECB Chronic Depression
there is no solid growth (except of indebtedness maybe and even that that is a questionable growth area atm)
PAR 12:56 GMT June 2, 2016
ECB Chronic Depression
Reply
ECB extrapolates bad figures ( permanent deflation ) , ECB does not extrapolates good figures ( solid Q1 growth ) .
PAR 12:42 GMT June 2, 2016
AAPL
Reply
Goldman downgrades AAPL . US stocks lower .
PAR 12:40 GMT June 2, 2016
ECB Chronic Depression
Reply
ECB suffering from chronic depression . By focussing always on the negative Draghi himself is undermining European economic growth .
GVI Trading Room john 12:30 GMT June 2, 2016
BREAKING NEWS
Draghi:
-- ECB to keep rates at current or lower levels for an extended period
GVI Trading Room john 12:28 GMT June 2, 2016
BREAKING NEWS
Press conference already has stareted
Amman wfakhoury 12:13 GMT June 2, 2016
EURJPY move big
Reply
EURJPY ready to move 100-120 pips down as 121.60 confirmed from yesterday.
Any move to up will return to 122.44
Sell add sell if rise
The only one in the world who confirms the next level
PAR 11:55 GMT June 2, 2016
Japan .
Reply
Japan to be downgraded by Moody ?. Probably Friday evening ?
PAR 11:52 GMT June 2, 2016
BREAKING NEWS
Details will be given AFTER ECB press conference to avoid difficult and relevant questions to Capo di Capi Don Draghi .
PAR 11:49 GMT June 2, 2016
BREAKING NEWS
ECB will start corporate bond buying on june 8 th .
Wonder whether list of which bonds ECB will buy has been send to Goldman Sachs ?
ECB bond buying must be an insider traders " Wet Dream " ?
Mtl JP 11:46 GMT June 2, 2016
Thursday Trading
potentially bigger risk / opportunity from mario's yak starting at 12:30gmt than acerbic ECB at 11.45
GVI Trading Room john 11:46 GMT June 2, 2016
BREAKING NEWS
No changes in policy by ECB as expected.
GVI Trading Room john 11:33 GMT June 2, 2016
Thursday Trading
OPEC announcement due at any time. No specific time set.
tokyo joyya 11:28 GMT June 2, 2016
Brexit
eurgbp long around 0.765/0.755
GVI Trading Room john 11:28 GMT June 2, 2016
Thursday Trading
Reminder
ECB @ 11:45 GMT
ADP @ 12:15 GMT
tokyo joyya 11:27 GMT June 2, 2016
Brexit
Mtl JP 10:52 GMT 06/02/2016
i am short from 7765 20pips plus....next week long around 775
GVI Trading Room john 11:02 GMT June 2, 2016
Thursday Trading
Sentiment//Bias Indicators
20-day avg 1.1245
Pivot Point 1.1167
Fed Funds Indicators starting to suggest EURUSD over extended to the upside??
Mtl JP 10:52 GMT June 2, 2016
Brexit
Brussels will destroy London. That is an ABSOLUTE CERTAINTY.
-
7760
long eur/gbp ?
Martin Armstrong
Mtl JP 10:33 GMT June 2, 2016
Thursday Trading
U.S. 2 Year Treasury 0.9028 %
Germany 2 Year Bond -0.515 %
GVI Trading Room john 10:17 GMT June 2, 2016
Thursday Trading
DAX +9
DJ -19
SP -2.8
Mixed risk
US 1.837% -1.0
DE .0148% +1.3
GB 1.363% +0.7
JP -0.107% +0.5
EUR crosses up (down vs.JPY)
WTI $49.05 +0.04
Mtl JP 10:05 GMT June 2, 2016
Thursday Trading
Trading Theme :
USD bias: uP. Why?
Because -
1) US economy 2016 growth expectation is for 2.2% and no-one comes even close and
2) on relative CB policy Fed stands alone with its tightening flavor
--
The so-what Bottom Line
trade idea: look for USD buying opps on dips
BoD DXY
nb / risk considerations apply
PAR 09:48 GMT June 2, 2016
BREAKING NEWS
Those figures are made to prove that Draghi is right about deflation while actually he is completely wrong .
Those figures are completely manipulated to please the Capo di Capi .
PAR 09:36 GMT June 2, 2016
BREAKING NEWS
I dont know who calculates those inflation figures and how they are calculated . Whatever I buy is always more expensive .
Maybe those guys should once take their car , pay peage on a french highway , full up with gasoline , eat in a restaurant and compare the bill to last year bill . Mind blowing.
Mtl JP 09:04 GMT June 2, 2016
BREAKING NEWS
maybe Not good news for the ECB but price deflation excellent news for consumers. Wal-mart understands.
GVI Trading Room john 09:01 GMT June 2, 2016
BREAKING NEWS
Not good news for the ECB on the inflation front.
GVI Trading Room john 09:00 GMT June 2, 2016
BREAKING NEWS
Eurozone PPI May 2016
ALERT
mm: -0.30% vs. +0.10% exp. vs. +0.30% (r ) prev.
yy: -4.40% vs. -4.10% exp. vs. -4.20% (r ) prev.
TTN: Live News Special Offer
tokyo joyya 08:57 GMT June 2, 2016
GBPJPY
long term maybe gbpjpy go to 100yen..
Mtl JP 08:57 GMT June 2, 2016
Brexit
banking union and reinforced borders is not a secret agenda
particularly the banking idea
-
1.1060
maybe time to sell eurchf for 20-ish + pips
tokyo joyya 08:56 GMT June 2, 2016
GBPJPY
PAR 08:25 GMT 06/02/2016
Ｔｈanks ｆｏｒ post how can be japan and zimbabwe same?
GVI Trading Room john 08:50 GMT June 2, 2016
Thursday Trading
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 remains in demand Thursday heading into the ECB decision announcement and press conference. No major shifts in policy are expected. The main focus will be the tone of the Draghi press conference. Also due today is the ADP estimate for non-farm payrolls at 12:15 GMT. Although not reliable, this report tends to shape expectations for the jobs data due on Friday.
- Oil prices are mixed into the Vienna OPEC meeting Thursday. No production cuts are likely. Stronger oil prices have tended to be supportive of stocks and vice-versa. The Saudi Oil Minister expressed pleasure with the recent rise in oil prices. Many press comments have been on the wires about a production freeze. Take most of them with a grain of salt.
- The GBP continues to be focused on the Brexit vote which is three weeks away (June 23). Opinion polls are mixed but on average show growing momentum for the "Leave" side. The May U.K. Construction PMI was weaker than expected. Latest Service PMI data are due on Friday. The JPY remains in demand after Japanese PM Abe announced a sales tax hike delay yesterday.
- Major upcoming items include final global Service PMIs on Friday. The May U.S. non-farm payroll report is also released. A tepid jobs figure is expected.
John M. Bland, MBA
co-founder Global-View.com
PAR 08:37 GMT June 2, 2016
Brexit
Tusk has no democratic responsibility . Just like Draghi he is not elected by the people and basically has nothing to say about what Europe should do .
Maybe Europe needs a kind of Donald Trump to make Europe Great Again and not clowns like Tusk and Draghi who both have their own secret agendas .
Mtl JP 08:31 GMT June 2, 2016
Brexit
talking thru both sides of his mouth ...
The European Union should abandon its "utopian dreams" of ever-closer integration to combat rising Euroscepticism, Donald Tusk has said.
The president of the European Council said EU leaders should concentrate on practical measures such as reinforcing borders and a banking union.
Tusk warned of "dramatic consequences" if Britain left the EU.
GVI Trading Room john 08:31 GMT June 2, 2016
BREAKING NEWS
U.K. Construction PMI misses. Use it as a measure of the domestic economy. GBP lower.
PAR 08:25 GMT June 2, 2016
GBPJPY
Imho most of the damage is done . Quiet sure that when everybody is kicked out of GBPJPY a new opinion poll will be published showing a big lead for the REMAIN side .
Betting sites show only a 20% probability of the BREXIT winning.
Japan fiscal and monetary policy has been ,is and probably will always remain wacko . So ultimately Japan will go the same way as Zimbabwe , Venezuela or the Weimar Republic
tokyo joyya 07:59 GMT June 2, 2016
GBPJPY
PAR 07:49 GMT 06/02/2016
what do you mean?going lower?
PAR 07:49 GMT June 2, 2016
GBPJPY
Reply
Hearing huge losses in GBPJPY at some banks and hedge funds . Forced liquidation and margin call stories floating around . Again everybody seems to have got that one wrong .
nw kw 06:25 GMT June 2, 2016
sell euro!
xag turned up shifts soft jpy,
tokyo joyya 05:51 GMT June 2, 2016
sell euro!
i think gbp go up....
nw kw 05:48 GMT June 2, 2016
sell euro!
so market might be strong gbp short xaugbp 641 always change with market.
nw kw 05:37 GMT June 2, 2016
sell euro!
all right in long xaud 1677 fill gap at 1681 need 1690 for 1707 to fooled than aud implodes and got glasses on to.
nw kw 04:56 GMT June 2, 2016
sell euro!
tks for feed back looks good if it moves well no watt to do.
platform for x's gamed out whit xaud. market can get bigger orders. gl.
tokyo joyya 04:20 GMT June 2, 2016
sell euro!
audjpy 80/82 also res back in 2011 over all down side target 75/68 i think it seen end of the month..audusd 0.60/0.68 then buy buy...
nw kw 04:13 GMT June 2, 2016
sell euro!
I only respect open interest, I cant bet on this.
audjpy weekly.
tokyo joyya 04:02 GMT June 2, 2016
sell euro!
yes 157/156 support on 12h....break take to 154.5/151.6...i am long again today 157 target 163/167.5....
nw kw 03:56 GMT June 2, 2016
sell euro!
but gbpjpy range in daly 152.0 and 164.0 so pivot 157.0, kind of 2 years in this way of rang trading.
tokyo joyya 03:50 GMT June 2, 2016
sell euro!
maybe london time again Brexit poll they says all ok and stox up again...gbpusd again bounce from 1.4385
tokyo joyya 03:47 GMT June 2, 2016
sell euro!
nw kw 03:42 GMT 06/02/2016
yes right wait for bounce maybe rise around 17500 bfore major drop....last time we short gbpjpy 158 2/3 weeks ago....do not make misstake again gbpjpy res 162/165...
nw kw 03:42 GMT June 2, 2016
sell euro!
its niki that's looks un interested to moving up this time, what week/ fx trader assuming gov. and winner is, well not gov.
NW KW 03:24 GMT June 2, 2016
sell euro!
xagaud on game changer pivot, support day year chart////
RUN
tokyo joyya 03:21 GMT June 2, 2016
sell euro!
nw kw 03:16 GMT 06/02/2016
yes long term yen remain strong short term maybe stop hunt bfore 23june bigger range up down gbpjpy history like that ...
nw kw 03:16 GMT June 2, 2016
sell euro!
risk is last year jpy pegged to usd this hasn't changed so IS FED FORSING STRONGER JPY IS MY q
tokyo joyya 03:10 GMT June 2, 2016
sell euro!
audjpy 78.8 usdjpy 109.8 if hold gbpjpy 157 chfjpy 110.3...hahaha maybe boj take to res again best is wait...
tokyo joyya 03:08 GMT June 2, 2016
sell euro!
nw kw 02:59 GMT 06/02/2016
yes gbpjpy audjpy usdjpy etc at support my guess is mybe push higher gbpjpy 165 then short.....i am long usdjpy gbpjpy and zarjpy...
nw kw 02:59 GMT June 2, 2016
sell euro!
gbpjpy on last rang support 156.60
can market implode,?????????????????????????????????
fed/
nw kw 02:56 GMT June 2, 2016
sell euro!
is aud linked to fed for commodity devalue this is hard gov. year to trade governments but still monitoring audjpy weekly support if it holds but jpy linked to usd can be strong and in past aud uses the econ stats if there good of bad trending, poss stuck struggling
xaud turned aggressive, a up, soft for, support in gbpaud
so eur gets pumped from aud unwinding.
eurusd approaching 20day av. turned up
tokyo joyya 02:20 GMT June 2, 2016
sell euro!
nw kw 13:39 GMT 06/01/2016
any idea about aud?anyone in aud trade?
tokyo joyya 02:18 GMT June 2, 2016
sell euro!
for day trade buy audjpy?
tokyo joyya 02:14 GMT June 2, 2016
sell euro!
Reply
Sell EURGBP
Entry: 7765 Target: 50/200pips Stop: 30/50pips
going short....
Hong Kong HK 02:00 GMT June 2, 2016
AceTrader Jun 2: Daily Recommendations on Major EUR/USD
Reply
Update Time: 02 Jun 2016 01:17 GMT
EUR/USD - 1.1188
Despite the single currency's fall to a fresh 2-month trough at 1.1098 on Monday, subsequent strong rebound suggests recent downtrend from May's peak at 1.1617 has formed a minor low there and consolidation with upside bias would be seen for gain towards 1.1201/05.
However, as broad-outlook remains consolidative, reckon resistance at 1.1217 would hold and yield retreat later.
On the downside, only below 1.1098 would revive bearishness for weakness towards 1.1058/60, then 1.1020 later this week but near term loss of momentum would keep price above 1.1000.
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