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Forex Forum Archive for 08/10/2016

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HK [email protected] 23:13 GMT August 10, 2016
Express daily lambast of the EU.
Reply   


1 EU ON BRINK OF COLLAPSE? European leaders unite to REJECT Brussels' migrant policy.
...............................................................................................
http://www.express.co.uk/news/world/698777/European-Union-migrant-crisis-Milos-Zeman-Viktor-Orban-Robert-Fico?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+daily-express-news-showbiz+%28Daily+Express+%3A%3A+News+%2F+Showbiz+Feed%29
...............................................................................................

2 REVEALED: Desperate EU bosses splurge €1TRILLION on bonds to prop up ailing eurozone

THE European Central Bank (ECB) has splurged almost €1trillion on bonds in the last 18 months in a desperate bid to prop up the ailing eurozone.
...............................................................................................
http://www.express.co.uk/news/world/698773/EU-European-Union-ECB?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+daily-express-news-showbiz+%28Daily+Express+%3A%3A+News+%2F+Showbiz+Feed%29
...............................................................................................


3 BREXIT BLACKMAIL: Accept unlimited migration or NO free trade, says EU nations.

EUROPEAN countries including Germany, Portugal and the Czech Republic are intent on making the UK continue to accept unlimited EU migration as the price for access to free trade with Europe.
...............................................................................................
http://www.express.co.uk/news/politics/698680/brexit-eu-accept-unlimited-migration-free-trade?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+daily-express-news-showbiz+%28Daily+Express+%3A%3A+News+%2F+Showbiz+Feed%29

ithaca sjm 22:21 GMT August 10, 2016
STg/Yen

STG/Yen s/l 132.75
Target 128.50 initially.

ithaca sjm 22:10 GMT August 10, 2016
STg/Yen
Reply   
Sold STG/Yen 131.66. Still working on s/l and but target 128/129 over next few weeks.

GVI Trading Room 21:49 GMT August 10, 2016
BREAKING NEWS:

The RBNZ's Monetary Policy Statement (MPS) this morning reduced the OCR by 25bp to 2.0% and retained a strong easing bias, signalling one more cut to come. That signal was given both textually and via the RBNZ's interest rate projection

Westpac

Livingston nh 21:28 GMT August 10, 2016
BREAKING NEWS:

trying to crack rocks with feather dusters for nearly 10 yrs because the BOOK says it will work - no wonder the Elite EXPERTS are disregarded by the Great Unwashed

dc CB 21:24 GMT August 10, 2016
BREAKING NEWS:

zerohedge ‏@zerohedge 17m17 minutes ago

New Zealand is the 667th rate cut since Lehman

Livingston nh 21:20 GMT August 10, 2016
BREAKING NEWS:

so NZD jumps up on a rate cut --- Reserve Bank says "House price inflation remains excessive and has become more broad-based across the regions, adding to concerns about financial stability." and then when the crisis comes "who could have seen it?"

and everybody thinx a weaker currency is the Key to Paradise -GroupThink at its finest

GVI Trading Room john bland 21:04 GMT August 10, 2016
BREAKING NEWS:

Reserve Bank of New Zealand August 2016





NEWS ALERT

RELEASE: Reserve Bank of New Zealand


TTN: Live News Special Offer

GVI Trading Room john bland 20:34 GMT August 10, 2016
Thursday Trade
Reply   


WEEKLY HIGH IMPACT NEWS:

11-Aug THU
12:30 US- Weekly Jobless
12-Aug FRI
09:00 EZ- GDP
12:30 US- Retail Sales
14:00 US- University of Michigan (prelim)


Trading Themes --
  • Late Wednesday afternoon (NY time) will see the latest policy decision of the Reserve Bank of New Zealand. A 25bp cut in their cash rate target to 2.00% is universally expected, along with an indication that additional interest rate reductions are probable.

  • A rising EURUSD saw more weak shorts squeezed out on Wednesday as the USD is ending mostly on the back foot. Some say the markets were reacting poorly to the decline in U.S. 2Q16 productivity Tuesday.

  • The data raised questions about the apparent strengthening of labor markets and suggested the poor GDP figures MIGHT be correct. The EURUSD is now back in range of levels prevailing before the release of non-farm payrolls last Friday.

  • Friday features Eurozone GDP, U.S. Retail Sales, and the preliminary August University of Michigan Survey. These items have the potential to be market movers.

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


GVI Forex Blog 19:50 GMT August 10, 2016
CURRENT CONDITIONS: Risk-Off
Reply   

CURRENT CONDITIONS: Risk-Off

GVI Forex Blog 19:40 GMT August 10, 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

GVI Trading Room Jay Meisler 18:42 GMT August 10, 2016
STG down, down

1.


Sweet Amazing Trader: held 1.1184 and back to 1.1175. Not big pips but textbook Amazing Trader trade.

GVI Trading Room john bland 18:40 GMT August 10, 2016
BREAKING NEWS:

Report: both planes landed safely in Belgium.

GVI Trading Room Jay Meisler 18:11 GMT August 10, 2016
STG down, down

1.


I rarely brag but the Amazing Trader really is amazing.

1.1190 => reached a target support at 1.1155-61 (low 1.1158) => rebound back to Amazing trader resistance at 1.1184 (just touched)

Contact me to join our free beta test group

GVI Trading Room Jay Meisler 17:47 GMT August 10, 2016
STG down, down

1.



As we pointed out in our live meeting, there was buying of EURGBP that cut short the GBPUSD rally and gave some support to EURUSD and this may be why:

The return on some UK government debt turned negative after the Bank of England missed its target in a new bond buying operation.

The Bank had offered to buy government bonds, or gilts, as part of its new quantitative easing (QE) programme to stimulate the economy.

But the bank fell £52m short of its £1.17bn target when it failed to find enough sellers.


Lower yields, lower pound


GVI Trading Room 17:47 GMT August 10, 2016
BREAKING NEWS:

BOMB ALERTS REPORTED ON TWO PLANES DUE TO LAND SHORTLY AT BRUSSELS AIRPORT - BELGIAN BROADCASTER VRT

ithaca sjm 16:54 GMT August 10, 2016
STG down, down
Reply   
Short cable per post yesterday with stop 1.3127. Bought EUR/STG @ .8555 & now @ .8590. Stop below .8450. Target .8800/.8900 in weeks to come.

Paris ib 16:02 GMT August 10, 2016
USD sell off PART II

Trump's plan essentially means the U.S. will spend less on the military. Which would be a good thing. If other countries want to take up the slack and increase their military spending that would be up to them and not necessarily a good thing. Hillary, of course, is pro-war in a big way. So less positive IMVHO. How all this plays out remains to be seen.

GVI Forex Blog 15:45 GMT August 10, 2016
GVI Data Calendar for 11 August 2016
Reply   

August 10, 2016 (global-view.com) UPCOMING DATA HIGHLIGHTS for Thursday, August 11, 2016. Trading News Calendar

  • Far East: NZ- RBNZ Decision
  • Europe: No Major Data
  • North America: US- Weekly Jobless, Import Prices, Natural Gas, 30-yr Auction

WEEKLY HIGH IMPACT NEWS:

21:00 NZ- RBNZ decision
11-Aug THU
12:30 US- Weekly Jobless
12-Aug FRI
09:00 EZ- GDP
12:30 US- Retail Sales
14:00 US- University of Michigan (prelim)

GVI Data Calendar for 11 August 2016

GVI Forex Blog 15:41 GMT August 10, 2016
CURRENT CONDITIONS: Risk-Off
Reply   

CURRENT CONDITIONS: Risk-Off

hk ab 15:13 GMT August 10, 2016
XAUEUR
Reply   
Buy
Entry: 1205 Target: 1250 Stop: 1196.9

Long now, relentless

DFM, DYOD.

Paris ib 15:11 GMT August 10, 2016
USD sell off PART II

MI - I assume most of this expense for 'defence' is redundant and not necessary. The defence industry is the military attack industry. I don't think anyone should pay for it. We should stop funding the monster. I do not see these threats that the U.S. continues to talk about. I don't believe any of if FWIW. The threats.... come from the U.S. itself. It's the same play book over and over again.

The Quiet American

hk ab 15:06 GMT August 10, 2016
gold
Reply   
My recommendation now shifts to XAUEUR...

long anything under 1200......

hk ab 15:02 GMT August 10, 2016
gold
Reply   
Bingo again....

Gold arrives 1341 as timely as possible!

Load 10 lots there.

hk ab 14:56 GMT August 10, 2016
gold
Reply   
wtr, not ready yet because two indicators are contrasting each other now. One is making gold to move to 1341 and the other one is making gold to fly......

BEST play will be long relentless under 1345 until 1341.

Unloaded so much at 1355 and now have ammunition to restart relentless again.

West Palm beach MI 14:47 GMT August 10, 2016
USD sell off PART II

ib, not to get political but what happens if the US decides not to pay for the defense of other countries and asks them to pay their own way. Japan, South Korea, Europe to name a few.

This is what trump wants to do.

PAR 14:38 GMT August 10, 2016
BREAKING NEWS:

Long crude as dropping dollar and lower product inventories seems more important than oversupply .

GVI Trading Room john bland 14:31 GMT August 10, 2016
BREAKING NEWS:

US EIA Weekly Inventories

U.S. Data Charts






NEWS ALERT
Crude Oil:+1.100 vs. -0.950 exp vs. -1.143 prev.
Gasoline: -2.800 vs. -1.125 exp vs. -3.262 prev.
Distillates: -2.000 vs. +0.375 exp vs. +1.152 prev.



Weekly Petroleum Status Report



TTN: Live News Special Offer

Brisbane Flip 14:27 GMT August 10, 2016
BREAKING NEWS: U.S. JOLTS Survey Better

Another example of just how "data dependent" the Fed really is.

Hk Ab 14:18 GMT August 10, 2016
Gold

LOL...... THAT indicator never miss on gold

GVI Forex Blog 14:14 GMT August 10, 2016
BREAKING NEWS: U.S. JOLTS Survey Better
Reply   
JOLTS Survey improves. Fed watches JOLTS Data closely.



BREAKING NEWS: U.S. JOLTS Survey Better

GVI Trading Room john bland 14:03 GMT August 10, 2016
BREAKING NEWS:

U.S. BLS JOLTS Survey June 2016

U.S. Data Charts





ALERT
mln: 5.620 vs. 5.574 exp. vs. 5.500 prev (r 5.5100) rev.

BLS: Job Openings and Labor Turnover Summary

Livingston nh 13:54 GMT August 10, 2016
STOX
Reply   
The big SPX gap below is last Friday's pop from 2164 - maybe oil stats move things along

LONDON SFH 13:47 GMT August 10, 2016
Short Euro/stg
Reply   

Entry: 85.75 Target: 84.00 Stop: 87.00

Gone short of Euro/stg will add to short at 86.05 if seen

Paris ib 13:33 GMT August 10, 2016
USD sell off PART II

SFH that is the interesting question. If they can find someone else to provide the cash they will, by hook or by crook. It's been ongoing since WWII so you never know. Never say never. If money inflows start up again then all bets are off. In the sense that the USD will be saved. So I guess the main thing is to keep an open mind as we move forward. :-)

LONDON SFH 13:30 GMT August 10, 2016
USD sell off PART II

ib I fully agree with you....but they seem to always find a victim willing to replace the last. China is happy to buy what the Japanese don't want any more so who will be next.

Paris ib 13:28 GMT August 10, 2016
USD sell off PART II

SFH - maybe but that fact is irrelevant. Japan is not a corporate. And the same can be said for the States. Does it not strike you as slightly nuts that this bankrupt nation, Japan, is financing the United States and has done for decades? One way of the other the U.S. has been bleeding nations around the world dry to finance military adventurism and a standard of living it can no longer support. IMVHO that era is coming to an end, which should be good for everyone (except maybe for the imperial ambitions of the deviants in the military industrial complex).

Major Holders of U.S. Securities

Paris ib 13:24 GMT August 10, 2016
USD sell off PART II

SFH - I don't think this has anything to do with Japanese growth or statistics either. I believe it represents a fundamental shift in long term international capital flows and an economic rebalancing. But I do think the U.S. has been resisting this shift and is wary of the consequences.

LONDON SFH 13:23 GMT August 10, 2016
USD sell off PART II

Just being pedantic reallY... But Japan is a total mess and the Yen strength is just not based on anything fundamental,,,,if they were a corporate they would be bankrupt

Paris ib 13:21 GMT August 10, 2016
USD sell off PART II

Wtr - FWIW I think we will struggle to get through 100 to start with, I think it will be defended. Ultimately yes a target of 80.

LONDON SFH 13:19 GMT August 10, 2016
USD sell off PART II

Hi again IB-

If the $ is to weaken on fundamental basis, then I can't see Japanese growth/inflation/debt-to-gdp ratio figures being the reasons....I think the Fed would be happy to let the $ weaken as they often have in the past and would use it to help keep growth alive...I don't see this as a pause but just a normal exchange rate fluctutation

Perth Wtr 13:18 GMT August 10, 2016
USD sell off PART II

Agree ib. Usd is toppish in that 5y range. Fall back to 80 next ?

Paris ib 13:15 GMT August 10, 2016
USD sell off PART II

SFH yeah I know. But I'm only really interested in the USD against the majors, specifically against the JPY the EUR. I'm not saying this is a one way street but I see this as PART II after the USD recovery we saw after the 2008 financial market crisis. We have had a pause but, in my view, that is all we have had: a pause. And in this second round of USD weakness and the leading indicator is the USD/JPY. FWIW

LONDON SFH 13:10 GMT August 10, 2016
USD sell off PART II

...95.5 currently given the past 5y range of 73.67-100.33 ... I think the Fed would be very happy to see a weaker $ but it despite unelectable Presidential candidates it is the ROW that continues to screw up their economies so badly that $ is the only place to be

LONDON SFH 13:08 GMT August 10, 2016
USD sell off PART II

Paris ib 12:59 GMT 08/10/2016

Look at DXY....the $ is trading pretty strong considering the way you paint it

Paris ib 12:59 GMT August 10, 2016
USD sell off PART II

Heading into an election - where both the candidates embody just how sad the American reality has become - with no chance of a rate hike and no real likelihood of a sustained economic recovery.... the USD decline continues, despite all the attempts by the ABE Government to weaken the JPY and regardless of all the bad press around Europe (migrants, bank stress, terrorism, blah, blah, blah...). Those hoping for the New American Century will be waiting for some time. And those hoping for a resurgence of foreign capital inflows to the States, boosting the economy and the USD, will be waiting for a very, very long time.

London AzaForex 12:47 GMT August 10, 2016
Day trading strategies on the currency pair GBPCHF 10-08-201
Reply   


Sell GBPCHF
Entry: Target: Stop:

Day trading strategies on the currency pair GBPCHF 10-08-2016 by AzaForex forex broker

Hk Ab 12:45 GMT August 10, 2016
Gold
Reply   
Based on yen strength, gold may have 1 more blip now above 1355

Manila Tom 12:23 GMT August 10, 2016
EUR/USD

Sounds like central banker to me

GVI Trading Room Jay Meisler 11:59 GMT August 10, 2016
EUR/USD

kw, if you have a complaint then come to us directly and stop complaining on the forum, which just wastes our time having to police it. We do not tolerate food fights but as everyone knows, we have an open door policy so contact us with an issues.

LONDON SFH 11:55 GMT August 10, 2016
GBP

Policies that go directly into the consumer are more effective still since interest rates for unsecured lending are still at very high levels despite official rates. It may be somewhat interventionist but how can banks charge such interest rates for overdrafts, personal loans etc.....that is an issue the BOE or more specifically the Govt should try to address if they want to really get some stimulus in what is, after all, an economy only too happy to consume when given the chance

LONDON SFH 11:52 GMT August 10, 2016
GBP

I would agree that would be more effective but one has to start with top quality debt and expand it into corporates etc

Livingston nh 11:48 GMT August 10, 2016
GBP

SFH - my quibble is with the buying of sovereign debt (aka currency w/ a coupon) -- it's a tightening of monetary policy -- support, if necessary, should be confined to the dregs rather than the most desired collateral

PAR 11:46 GMT August 10, 2016
EUR/USD

No more rate hikes under Yellen presidency .

The 255.000 NFP actually was a " Fata Morgana" .

The US economy is hardly growing , productivity is collapsing and share buybacks and mergers are the only game in town .

Amman wfakhoury 11:40 GMT August 10, 2016
EURUSD
Reply   
nw kw 11:22 GMT 08/10/2016
_________________
I will take your Barking into consideration

LONDON SFH 11:38 GMT August 10, 2016
GBP

If the idiots hadn't believed the lies and voted Brexit the UK economy would be a far healthier place....even though the banking industry is still whining about 'legacy issues'

LONDON SFH 11:35 GMT August 10, 2016
GBP

Livingston nh 11:30 GMT 08/10/2016

It would be good if a few more central bankers had a similar disdain for NIRP....QE is his only other option right now and pushing Gilts negative is more a timing issue with supply not due to pick up until later in the year. What was wrong with Bernanke's QE....the US economy has decent growth and a healthy banking system compared to Europe and the UK....the fasct Bernanke got in quickly and early was the very reason the US recovered much more quickly

Livingston nh 11:30 GMT August 10, 2016
GBP
Reply   
Carney who indicated disdain for NIRP may be pushing gilts into negative yields w/ the BUYING MONEY program -- he learned nothing from the Bernanke QE policy

Politicians still don't have a fiscal Plan for Brexit and the monetary policies should compound investor uncertainty -- Cable and GBP/JPY should suffer quick decline to new lows

LONDON SFH 11:30 GMT August 10, 2016
EUR/USD

kw-put more water in it pal...

nw kw 11:22 GMT August 10, 2016
EUR/USD

wfakhoury,our name is we fck at honesty on ur $ yes,
ill bring 1000 twitter friends down on you for to dumb to learn communication skills for in this world your not in stay in your sick minded world this your king dam and dam it is.

3years of crap time to be a man not egotistic di.k fy

Amman wfakhoury 11:09 GMT August 10, 2016
EUR/USD

11174 was confirmed and reached.
now any rise will return to 11174,
below it will reach 11147.

Ternopil SMV 11:06 GMT August 10, 2016
EUR/USD
Reply   
Mr. wfakhoury, do you have comfirmed level for eur/usd? please!

Jkt Abel 10:56 GMT August 10, 2016
Market
Reply   
Mtl JP, fancy a loonie reload here?

haifa ac 10:40 GMT August 10, 2016
Italy

Youth (under 25) unemployment in Italy is 36.5%
Number of young Italians emigrating doubled in the last 5 years. Meantime refugees continue to swamp Italian shores (now they even invade Switzerland on the way to Weil Am Rhein, Germanyh

http://www.statista.com/statistics/266228/youth-unemployment-rate-in-eu-countries/

http://www.express.co.uk/news/world/698331/Switzerland-new-Germany-struggle-cope-migrants-new-route

Amman wfakhoury 10:38 GMT August 10, 2016
GOLD 1353 and 1333
Reply   
Time to sell GOLD .
Any rise above 1353 will return to it.
any down below 1353 will go to 1333.

Sell and add sell

The only one in the world who confirms the next level


jkt abel 10:29 GMT August 10, 2016
market

nh, poss. support coming intraday, previous downslope

Mtl JP 10:26 GMT August 10, 2016
Dollar Weakens, Bonds Rally on Muted Prospects for Fed Rate Hike -- Bloomberg.com

bloomberg is just such an invaluable source ...

Yellen Sees Rates Rising Gradually But Avoids Precise Timing ...
www.bloomberg.com Jun 6, 2016

Yellen: Gradual rate hikes appropriate given uncertainty in U.S. ...
www.usatoday.com Jun 21, 2016

According to an esteemed gv source: "the Fed continues to lack credibility"

GVI Trading Room john bland 10:26 GMT August 10, 2016
Wednesday Trading

DAX -56
DJ +3
SP +1.5

10-yr 1.540% -2.8bp

GVI Trading Room john bland 10:11 GMT August 10, 2016
Dollar Weakens, Bonds Rally on Muted Prospects for Fed Rate Hike -- Bloomberg.com
Reply   
"The dollar weakened and government bonds rose on speculation the Federal Reserve will be slow to raise interest rates amid uneven global growth.

The greenback slid against all of its major peers, dragging the Bloomberg Dollar Spot Index down for a second day. A gauge of emerging-market currencies climbed to the highest level since July 2015. Metals were also boosted by the dollar’s retreat, with palladium, tin and zinc rising to the highest in a year. Oil fell a second day as U.S. stockpiles expanded and Saudi Arabia was said to have raised July production to a record..."

Dollar Weakens, Bonds Rally on Muted Prospects for Fed Rate Hike -- Bloomberg.com

Livingston nh 10:09 GMT August 10, 2016
market

GOOD(?) morning Abel - Monday was the worst so far for my USD/TRY (broke the rising 21 dma) but today looks to be next sale (under 55dma) // expensive lesson in Event expectation trading - I'll get sucked back into this if it moves back above these avgs

PAR 10:08 GMT August 10, 2016
Italy

LONDON, Aug 7 (Reuters) - Italy's troubled lenders are offering lucrative opportunities for investment banks, with Monte dei Paschi di Siena set to pay some of the highest fees in Europe this year to arrange its high stakes rescue plan.

The emergency deal, orchestrated by Mediobanca and JPMorgan, to save the 544-year-old bank, will incur about 250 million euros ($278.43 million) in underwriting fees for a proposed 5 billion euro capital hike, according to three sources involved in the deal.

That comes on top of nearly 400 million euros the bank has paid in the past two years for other capital hikes.

There is no certainty the proposed rescue plan will proceed, but if it is carried out successfully, investment banks working with Monte dei Paschi will have generated a payday of close to 1 billion euros over the past three years, though the bank's market value currently stands at 747 million euros.

PAR 10:01 GMT August 10, 2016
Italy
Reply   
That's distinctly not the case in Europe, where banking assets are, as a rule, several multiples of GDP. Take Italy's current banking crisis - the country currently sees 20% of its GDP stranded in non-performing loans. For comparison's sake, even in the worst of 2008-09, US non-performing loans never topped 5%.

For a second, imagine if the US had 20% of its GDP stuck in bad loans - the country would face more than $3.2 trillion in non-performing bank assets. Conveniently, the US federal government collected $3.2 trillion in taxes last year. So imagine, for a second, flushing all that down the toilet - a whole year's worth of all the government revenues - on bad loans. The amount of potential backstop necessary as a portion of the economy here makes TARP look like a children's exercise.

Italy also sees its Debt/GDP ratio out beyond 130%. Not only are its banks in far worse shape than those in the US have ever reached, but its sovereign credit borrowing capacity is already severely curtailed.

The Italian government would like a new bailout scheme for the banks that avoids its bondholders taking losses. Nearly half of Italian bank debt is held by ordinary Italians, so making bondholders eat the losses would trigger a sharp downturn in the Italian economy. Of course, the EU prohibits the sort of bailout Italy would prefer to organize that spares the bondholders.

http://seekingalpha.com/article/3986272-european-storm-brewing-bezeks-daily-briefing

singapore td 09:57 GMT August 10, 2016
usd

they need lower usd just like everybody else, this is a race to the bottom

perth wtr 09:45 GMT August 10, 2016
usd
Reply   
Yellen is running out of ammunition for the dollar, white flag soon

perth wtr 09:35 GMT August 10, 2016
gold

ab, 1425 on your radar this week?

LONDON SFH 09:28 GMT August 10, 2016
gold

well done on you gold trade ab...

perth wtr 09:27 GMT August 10, 2016
buy euro

go euro!!bye usd

buy euro
perth wtr 04:56 GMT 08/10/2016
heading to 1.18-1.19

hk ab 09:23 GMT August 10, 2016
gold
Reply   
Must take profit on the approach of 1355... LOL.

jkt abel 09:19 GMT August 10, 2016
market
Reply   
nh, your puppy usdtry looks critically ill...

HK Kwun 08:45 GMT August 10, 2016
Bullish again, 1330 is temp bottom
Reply   
Buy Gold
Entry: 1351 Target: Stop: 1341

buy now

GVI Trading Room john bland 08:37 GMT August 10, 2016
Wednesday Trading


WEEKLY HIGH IMPACT NEWS:

10-Aug WED
00:00 JP- Holiday
14:00 US- JOLTS Survey
15:00 US- Weekly Crude
21:00 NZ- RBNZ decision
11-Aug THU
12:30 US- Weekly Jobless
12-Aug FRI
09:00 EZ- GDP
12:30 US- Retail Sales
14:00 US- University of Michigan (prelim)


Trading Themes --
  • The USD is on the back foot today as the markets reacted poorly to a decline in U.S. 2Q16 productivity Tuesday. This raised questions about the apparent strengthening of labor markets and suggested the poor GDP figures MIGHT be correct. The EURUSD is now back roughly to levels before the release of non-farm payrolls data last Friday. The rising EURUSD has seen some of the weak shorts getting squeezed out.

  • Data this week has suggested that the Chinese economy is soft. U.K. data reports have been weaker than expected as well. The impact of Brexit is gradually working its way into official statistics.

  • Friday features Eurozone GDP, U.S. Retail Sales, and the preliminary August University of Michigan Survey. These items have the potential to be market movers.

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


hk ab 08:36 GMT August 10, 2016
gold
Reply   
the stink reality is coming.

GVI Trading Room 08:24 GMT August 10, 2016
Dollar drops as Fed rate rise prospects reassessed -- Reuters.com
Reply   
"The dollar fell against a basket of currencies on Wednesday as investors re-evaluated whether the U.S. Federal Reserve will raise interest rates this year, which also sent the higher-yielding Australian dollar to a three-month high.

The U.S. dollar sagged against the euro and the yen after a downbeat productivity data sapped some of the momentum it had gained from last week's robust jobs report.U.S. Treasury yields US10YT=RR fell after the productivity report suggested the economy may not be growing as quickly as anticipated..."

Dollar drops as Fed rate rise prospects reassessed -- Reuters.com

GVI Forex Blog 08:18 GMT August 10, 2016
CURRENT CONDITIONS: Mixed Markets
Reply   

CURRENT CONDITIONS: Mixed Markets

hk ab 08:04 GMT August 10, 2016
gold
Reply   
without fireworks, I think it's sensible to take 3/4 off the table at the next approach towards 1355.

But this baby seems realizing the poor US parents have nothing at hands.......

Watch out for shorts...............and for Ala-indicator.....

empoli ab 06:47 GMT August 10, 2016
gold

hk ab 02:15 GMT 08/10/2016
La La La.

i closed here my long thks for ur view.

it seems to me here is a valid res in 1 hr frame, but do u think that once 1350 gave way can go to 1363 again my frd? otherwise here seems to me a good level to start short.
Tia and appreciate so much ur view

perth wtr 04:56 GMT August 10, 2016
buy euro
Reply   
heading to 1.18-1.19

hk ab 02:15 GMT August 10, 2016
gold
Reply   
La La La.

Hk Ab 12:31 GMT August 5, 2016
Gold : Reply
Now but relentless under 1345
--------------------------------------------------------------------------
Bingo again! The ONE and only ONE in gold to show you the next station is.........

LOL.
---------------------------------------------------------------------------

hk ab 02:01 GMT August 10, 2016
gold
Reply   
Target becomes closer now.............indeed very close....

What if we have a ballistic burst after 1350 opens?

GT and GL. DYOD, DFM.

The dim sum is delicious at 1347.

Mtl JP 01:22 GMT August 10, 2016
short stox!

I lean with Ian Nakamoto, chief market strategist at 3Macs in Toronto view

tokyo joyya 01:08 GMT August 10, 2016
short stox!

Mtl JP 01:02 GMT 08/10/2016

JP san,i think spx good for 2180 now not much upside risk to me target 2000/1800.....whats your view?TIA

Mtl JP 01:02 GMT August 10, 2016
short stox!

the Toronto Stock Exchange sits today at its highest level in more than a year — its fifth gain in a row — and is within spitting distance of its all-time high.

So what's the deal?

We talked to market analysts to find out why this seeming disconnect exists.

ithaca sjm 00:56 GMT August 10, 2016
short stox!

sold cable small 1.3067 stop 1.3127 target adjusted as mkt develops....initial target 1.2920 min. details help.

tokyo joyya 00:47 GMT August 10, 2016
short stox!

ithaca sjm 00:34 GMT 08/10/2016

no time frame.....

ithaca sjm 00:34 GMT August 10, 2016
short stox!

Timeframe......next 5 minutes?

Mtl JP 00:30 GMT August 10, 2016
News?

lots of market folks also set their dma to 55 (1.1160)
so play at your discretion

Miami JN 00:29 GMT August 10, 2016
News?
Reply   
Any news out of just more stops?

Mtl JP 00:28 GMT August 10, 2016
Wednesday Trading

euro frollicking with 50dma at 1.1140
should be a good level to start a short
usual pain precautions should be taken

Kl Fs 00:20 GMT August 10, 2016
US Socialism: More jobs+Less productivity+Higher hourly salary+No inflation

Took you so many years to realise that? China has realised that since many years ago under Deng Xiaoping

Kl Fs 00:20 GMT August 10, 2016
US Socialism: More jobs+Less productivity+Higher hourly salary+No inflation

Took you so many years to realise that? China has realised that since many years ago under Deng Xiaoping

tokyo joyya 00:18 GMT August 10, 2016
short stox!

buy buy cable eurusd audusd short usd is good idea....

th wh 00:13 GMT August 10, 2016
US Socialism: More jobs+Less productivity+Higher hourly salary+No inflation

freakin socialists sure like the benefits of a free market capitalist system

 




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