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Forex Forum Archive for 07/10/2016
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dc CB 23:37 GMT July 10, 2016
Forex Trading Outlook for the Week Ahead and More...
you might want to mention Re: SToX.
Earnings in the US start reporting this week, as the game of GAAP v Non GAAP gives Algos headline number to game.
Alcoa - Monday
JPM - thurs
Citi, Wells Fargo - Friday
GVI Forex Jay Meisler 15:08 GMT July 10, 2016
Live Trading Session
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Wednesday, July 13
Time: 12:00-13:00 GMT
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HK Kwun 14:14 GMT July 10, 2016
Buy Gold Buy Gold Buy Gold
Entry: Target: Stop:
UBS upped its gold forecast to $1,400, stating that the gold bull run may just be getting started. The bank also raised its 2018 and 2019 gold price forecasts to $1,450 and $1,475, respectively.
Bank of America Merrill Lynch released a report not only calling for gold prices to hit $1,500 an ounce but for silver to "overshoot" to $30. And this forecast might seem "bearish" compared to Barry Dawes of Paradigm Securities, who told CNBC that he expects gold to reach $1,500 an ounce by year-end and hinted it may hit $1,900.
GVI Trading Room john 12:57 GMT July 10, 2016
WEEKLY HIGH IMPACT NEWS:
No Major Data
14:00 US- JOLTS
17:00 US- 10-yr
14:00 CA- Bank Of Canada
14:30 US- Crude
18:00 US- Beige Book
00:30 AU- Employment
11:00 GB- Bank Of England
12:30 US- Weekly Jobless
09:00 EZ- final HICP
12:30 US- Retail Sales
12:30 US- CPI
14:00 US- University of Michigan
Trading Themes --
The developing consensus explanation for wide swing in the last two NFP numbers is that due to a statistical quirk college graduates entering the workforce were pushed out of May (+11K) and into June (+287K). If you average May and June, you get 149K. April was +144K. Now the numbers make some sense and in fact would be remarkably stable for this series.
The bottom line is that smoothed U.S. job creation remains on a slowing path.
- The key yield on U.S. 10-yr note yield ended Friday at 1.368%, -2.0bp. Foreign funds continue to flow to the U.S. on a flight to safety trade and to take advantage of one of the highest government bond yields available. Fed Funds futures odds on one rate hike this year are only one in five.
- Brexit II? Theresa May and Andrea Leadsom are the final contestants for Conservative Party leadership. The winner of the run-off will become the next Prime Minister. May had favored "STtay" and Leadsom favored "Leave" in the Brexit vote.
John M. Bland, MBA
GVI Forex Blog 11:45 GMT July 10, 2016
BREAKING NEWS: China CPI In Line
China CPI June 2016
Earlier News Alert
EARLIER China CPI. Inflation at +2.00% y/y as expected.
BREAKING NEWS: China CPI In Line
KL KL 11:23 GMT July 10, 2016
Australia Coalition Libs-Nat have the seats to Form Government in Australia........albeit 1-2 seat majority or less...depending on counting, challenge.....etc....a shaky government.... so wait to sell the pop or buy the drop and the cover the pop....in AUDUSD.........Cannot wait monday morning funny Bizness......Not sure what to do now......
Global Warming can wait another 3 years in Australia....yippie..... and Why on Earth are the USA media censoring themselves when they can say Blacks suspect killed BUT NOT WHITE Police Shot Dead..... its like this Islam thing.......When You Attack islam its islam Phobia but When Islam attack YOU Its Always an Isolated Case..
....Lets start saying Isolated Case of Islamic Terrorist GUIDED by the Same Quran and Islam Ideology.....and Condone by majority of Muslim Leaders especially the Sunni or Shia clan!!
DYOR.>DFm DLTM...imvho.......being politically incorrect is the TRUTH for majority of humanity......Being politically correct is making main Stream media look So STUPID in their high paying Job...hope they get sacked soon in this Internet age!!! rant for the day!!
PAR 10:10 GMT July 10, 2016
Crisis Is Us - The Inexorable Result Of Modern Central Banking
The inexorable effect of contemporary central banking is serial financial booms and busts. With that comes increasing levels of systemic financial instability and a growing dissipation of real economic resources in misallocations and malinvestment. At length, the world becomes poorer.
Why? Because gains in real output and wealth depend upon efficient pricing of capital and savings, but the modus operandi of today's central banking is to deliberately distort and relentlessly falsify financial prices.
After all, the essence of ZIRP and NIRP is to drive interest rates below their natural market clearing levels so as to induce more borrowing and spending by business and consumers.
It's also the inherent result of massive QE bond-buying where central banks finance their purchases with credits conjured from thin air. The central banks' big fat thumb on the bond market's supply/demand scale results in far lower yields than real savers would accept in an honest free market.
Actionable trading levels delivered LIVE to YOUR charts
GVI Trading. Potential Price Risk Scale
Mon 27 May 2019
AA: Major, A: High, B: Medium
Tue 28 May 2019
A 14:00 US- Consumer Confidence
C 13:00 US- Case-Shiller
Wed 29 May 2019
A 08:55 DE- Employment
AA 18:00 US- BOC Decision
A 18:30 US- EIA Crude
Thu 30 Mar 2019
A 12:30 US- Weekly Jobless
Fri 31 Mar 2019
AA 10:00 EZ- Flash HICP
A 12:30 US- Personal Income, Spending, Deflator
AA 14:00 US- Final Univ of Michigan
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