Livingston nh 23:40 GMT September 8, 2016
Friday Trading
Among all the reasons the treasury market may have been whacked today is one "out there" thought -- it appears that
"The Chicago Council on Global Affairs issued a press release announcing that Federal Reserve board member Lael Brainard, considered one of the most dovish FOMC members, would be speaking next Monday.
That’s just one day before the blackout period before the Federal Reserve’s September meeting.
“There’s a view that she may be going out to express some comfort with the idea of one rate hike this year,” says Gene Tannuzzo, portfolio manager at Columbia Threadneedle Investments. “The theory is that if she is far left of other members of the committee than it shows everyone else is at least as comfortable as she is.”
Tannuzzo thinks September is on the table for the next Fed rate hike." Barrons
VOO DOO -- make September Live
Mtl JP 22:17 GMT September 8, 2016
Friday Trading
john what about "It would be wise now for the central bank to wait for more data before raising rates." would be wise ?
tia
Mtl JP 21:40 GMT September 8, 2016
Thursday Trade
nh almost forgot that cretin Lane (dep BoC governor and another promoter of 2% inflation) yakked earlier today - forgot because cad zzz'd while he yakked - but the bottom line take is that the the BoC gang is fretting about financial stability and crap economic growth prospects.
He did not detail-address media reports that about half of canadian households live hand-to-mouth every month and that tons dont even have $2K emergency kitty. Odds are good this gang does not wanna see canadian rates rise one half point and that they are on pins watching the 2-yr us/can spread.
That is a lot of words to say that usdcad is prefered BoD
so gl and gt 2 u n me
Committed to a better Canada: The Bank of Canada’s role in challenging economic times
HK [email protected] 21:35 GMT September 8, 2016
That 1.3300 pops back again and again.
Reply
.................................................................................................
GBP/USD a close above 1.3300, will not bode well for the bears.
HK [email protected] 14:12 GMT 09/08/2016
1.3200 target suppose to be reached, if market will allows.
.................................................................................................
GVI Trading Room john bland 20:06 GMT September 8, 2016
Friday Trading
Reply
WEEKLY HIGH IMPACT NEWS:
9-SEP Friday
01:30 CN- CPI
08:30 GB- Trade
12:30 CA- Employment
Trading Themes--
- The ECB disappointed many Thursday when the ECB took no additional easing steps. In response, the EUR gained across the board but could not hold onto those gains. Nevertheless, the tone of Draghi's comments about the Eurozone economy had a gloomy bias.
- The U.S. economic calendar will be light again Friday Markets continue to absorb the recent poor run of U.S. data. The economic calendar picks up next week. The latest disappointment was the poor August ISM Service PMI on Tuesday. That release saw the key EURUSD relationship move back above the 1.1200 line.
- Following the lack the soft August U.S. employment report last Friday, odds on a September rate hike have fallen to a scant 12%. Furthermore, odds on ONE rate hike by yearend are down to a coin-toss after trading as high as 80% after Yellen's Jackson Hole speech. It would be wise now for the central bank to wait for more data before raising rates.
John M. Bland, MBA
co-founder Global-View.com
dc CB 19:19 GMT September 8, 2016
Election and the FED
nh 18:52 GMT
Clinton is regulation's friend-- WS should have a care
that's funny.
Mtl JP 19:04 GMT September 8, 2016
Thursday Trade
nh suggest to focus more on numbers than on justin "pretty hair" trudeau or poloz who is sweating bullets about players (specifically those in NY) raising canadian mortgage rates. If they do Toronto landscape could change something fierce
numbers: usdcad is BoD against the t-line I showed.
on s/t breach of 1.2950 north would add philip on way to 1.30++
Livingston nh 18:52 GMT September 8, 2016
Election and the FED
Clinton is regulation's friend -- WS should have a care // see if Brainard gets TREASURY SEC // Clinton is do-gooder for every interest group so we should see a lot of FIRSTS
Livingston nh 18:49 GMT September 8, 2016
Thursday Trade
RE: cad 1.3250 to 1.33 resistance but I trade the MAs -- 1.3450 first target and then a test of spike high (I need oil Trudeau and Poloz all pulling together)
Mtl JP 18:47 GMT September 8, 2016
Election and the FED
nh "the Fed is sensitive to elections" to the extent that janet is given permission to screw around with rates seeing how w/s is backing hillary and how badly they want her (despite her luxurious fees)
do u c some changes in w/street's preference tilt between the candidates ?
Livingston nh 18:45 GMT September 8, 2016
Thursday Trade
Cable is pitting the 4 hr against the mirror image daily on the 21 sma -- 1.3150 (~21 dma) makes the call
Mtl JP 18:29 GMT September 8, 2016
Thursday Trade
nh re usdcad
what resistance levels do u c, how-ever u c them ?
Livingston nh 18:23 GMT September 8, 2016
Election and the FED
After things calm down I would like to dispel any thots that the Fed is sensitive to elections -- see if The Fed statement tries to reinvigorate November
Livingston nh 18:16 GMT September 8, 2016
Selling EURO - Selling Euro
Big turnaround in the EU bonds -- US Treasurys keeping the pressure on yields // Buyers of LAST resort letting bonds fend for themselves?
Yellen admitted that selling the Treasurys stash would fuel inflationary expectations - so why not sell into the demand and get the 2% Brass ring?
Mtl JP 18:14 GMT September 8, 2016
Thursday Trade
gbp is a like a pigeon on a perch
1.3280 looks pivotal
think it will give
Livingston nh 18:07 GMT September 8, 2016
Thursday Trade
JP -- still on Cable ??
Livingston nh 18:04 GMT September 8, 2016
Thursday Trade
JP re: CAD -- Thanx for the chart - I keep getting banged around by the break above and below my Mov avgs -- Poloz apparently found Carney's leftover serenity
dc CB 18:00 GMT September 8, 2016
Thursday Trade
Crude BAng the Close finally thri 48???? After all biggest Draw since 1999.
Who was selling Treas today. and why...besides clearing the deck for next weeks auction or rasing the rate to bring in sheep.
started down in ernest post Draggi
Mtl JP 16:52 GMT September 8, 2016
Thursday Trade
not predicting it but euro retrace to 1.1285-ish can not be ruled as puppy keeps on frollicking around 1.1250
Mtl JP 16:43 GMT September 8, 2016
Thursday Trade
coinciding with S1 is 20day 1.1229
in time , should make good target
SaaR KaL 16:29 GMT September 8, 2016
Gold...Closed all shorts
Reply
Short EURUSD till 1.11
SHORT AUDUSD
Gold out of my shorts here
will short again > 1360
Mtl JP 16:27 GMT September 8, 2016
Thursday Trade
someone is dumping gold trying to buy euros (not sure why) but it does not appear to have a solid effect to support eurdlr sofar
-
fwiw:
Sup 1 1.1225
Sup 2 1.1206
Sup 3 1.1182
Mtl JP 16:21 GMT September 8, 2016
Thursday Trade
Pivot 1.1248 bang !
valiant effort on crosses to hold it off but ...
gv chartpoints are good
hk ab 16:13 GMT September 8, 2016
gold
Reply
Bingo, stops eaten.
Now, relentless long under 1190 for XAU/eur.'
Where's the clowfakhoury?
hk ab 16:07 GMT September 8, 2016
gold
Reply
almost there...... 1337.
Mtl JP 15:58 GMT September 8, 2016
Thursday Trade
gc chartpoint Pivot 1.1248 on proximity radar
hk ab 15:41 GMT September 8, 2016
xau/eur
Reply
buy some under 1190 to hedge the gold short from 1347......
PAR 15:40 GMT September 8, 2016
Energy Inflation
Reply
If crude keeps rising at this speed ECB will have to stop with QE before march of 2017 as inflation will overshoot its 2% target . Add to that rising German wages and rate hikes will be on the agenda , plus ... recapitalisation of the ECB . LOL
hk ab 15:38 GMT September 8, 2016
gold
Reply
gold
hk ab 14:02 GMT 09/08/2016
ultimate gold station 1337? LOL
---------------------------------------------
Still VALID!
The most generous heavenly gift from GVI --- Kwun's contra.
nw kw 15:33 GMT September 8, 2016
Simply Amazing
dc-tks for oil trade fit cad and gbp, pips ahoy.
GVI Forex Blog 15:26 GMT September 8, 2016
GVI Data Calendar for 9 September 2016
Reply
September 8, 2016 (global-view.com) UPCOMING DATA HIGHLIGHTS for Friday, September 9, 2016.
- Far East: CN- CPI
- Europe: DE/GB- Trade
- North America: CA- Employment, US- Wholesale Inventories, Rig Count, COT Report
WEEKLY HIGH IMPACT NEWS:
8-SEP Thursday
11:45 EZ- ECB Decision
12:30 US- US- Weekly Jobless
15:00 US- Crude
9-SEP Friday
01:30 CN- CPI
08:30 GB- Trade
12:30 CA- Employment
GVI Data Calendar for 9 September 2016
GVI Trading Room Jay Meisler 15:14 GMT September 8, 2016
Simply Amazing
Reply
Simply Amazing!
As posted earlier in the Trading Room -- EURUSD held 1.1263 dead on.
Notice how EURUSD lost its bid after EURGBP topped out (and GBPUSD bounced from Amazing Trader support.
Re EURUSD, strategy worked out nicely but have to put price action in perspective, it is still up on the week but failed on first stab at 1.1340-66. Minor one and four hour trendlines still intact around 1.1263
PAR 15:12 GMT September 8, 2016
BREAKING NEWS:
This will boost US equities to new record highs . PBR above $ 10,00 .
GVI Trading Room john bland 15:09 GMT September 8, 2016
BREAKING NEWS:
Crude up on big draws in Crude and Gasoline.
dc CB 15:09 GMT September 8, 2016
Thursday Trade
DOE crude draw -14.513MM, Exp.+905K
GASOLINE STOCKS -4.21M TO 227.8M
DISTILLATE STOCKS +3.38M TO 158.1M
CUSHING STOCKS -0.43M TO 63.4M BARRELS
U.S. GULF COAST CRUDE IMPORTS FALL TO LOWEST WEEKLY LEVEL: EIA
Mtl JP 15:04 GMT September 8, 2016
Selling EURO - Selling Euro
PAR 14:52 can u confirm if that is a trade call to buy Italian 10-yr and/or Monte dei Paschi ? tia
Mtl JP 14:56 GMT September 8, 2016
Thursday Trade
dc CB hehe, how many meals from anarchy, lest “there will be rats, mayhem, and maybe even murder.”
"Food and water are running down in those ships floating in international waters.” can't chew much on "manufactured goods—from dresses to televisions"
dc CB 14:56 GMT September 8, 2016
Thursday Trade
As mentioned earlier...Crude Draw....mention it again ...chance to short run-up during the next few days.
" the hurricane disrupted imports last week and we imported 1.7M barrels per day LESS oil. 1.7 x 7 = 11.9M barrels, which accounts for all but 200,000 barrels of the drawdown"
(Philstockworld)
PAR 14:52 GMT September 8, 2016
Selling EURO - Selling Euro
ECB looking to buy Italian NPL s . They just need to find the right excuse or a credit agency which turns NPL s in AAA.
dc CB 14:49 GMT September 8, 2016
Thursday Trade
First Sign Of Trouble: Apple Will No Longer Release iPhone Pre-order Numbers
crumble resulting from no new Product Launch yesterday.. APPL dn $2.5
Also with 85 ships at sea: "It's Bordering Chaos": $14 Billion In Cargo Stranded At Sea, Crews "Go Crazy" On Hanjin Ghost Ships
http://www.zerohedge.com/news/2016-09-08/its-bordering-chaos-14-billion-cargo-stranded-sea-crews-go-crazy-hanjin-ghost-ships
Mtl JP 14:47 GMT September 8, 2016
Thursday Trade
nh - the single thing u need to know for your BoD long usdcads
can't make it simpler ! grrr
ps / there would be bit more ooomph if the pup could vault 1.2950 and stay above
PAR 14:34 GMT September 8, 2016
Selling EURO - Selling Euro
Expectations of more QE to come is more powerfull than actual QE . Thats a smart move to boost bonds and equities . Draghi cheerleading the markets higher .
PAR 14:31 GMT September 8, 2016
Selling EURO - Selling Euro
For Draghi the Brexit is a gods gift . Without Brexit his programs would have worked better . Strange reasoning .
PAR 14:28 GMT September 8, 2016
Selling EURO - Selling Euro
Reply
Draghi is addicted to QE . Idea is if he didnt extend the program today he will do it later . To stop QE we will need another president at the ECB or hyperinflation in Germany .
The EURO can only loose .
Also Draghi not acting may give Yellen more room to act .
Maybe the two made a secret deal ?
Mtl JP 14:23 GMT September 8, 2016
BREAKING NEWS:
gv chartpoint euro Pivot 1.1248
Mtl JP 14:09 GMT September 8, 2016
BREAKING NEWS:
how about that : 1.1274 comes on radar
pips in bag
GVI Trading Room Jay Meisler 14:02 GMT September 8, 2016
Thursday Trade
Posted earlier in the Trading Room. 1.1286 target reached and downtrend episode confirmed.
looking at 5min chart potential higher low if HOD (1.1327) is taken out. On the other side, if not taken out then setup for a lower high. To confirm with a lower low, 1.1286 (target) would need to be taken out. New episode for AT traders.
hk ab 14:02 GMT September 8, 2016
gold
Reply
ultimate gold station 1337? LOL
Mtl JP 13:59 GMT September 8, 2016
BREAKING NEWS:
now that mario is taking his post-conf destressing leak...
if 1.1286 breaks 1.1274 comes on radar
swiss frank 13:57 GMT September 8, 2016
Consumption vs Deflation
Which way is the the current saving rate trending? Or in general have absolute savings levels been significantly on the rise. I have my suspicions.
Re consumption he perhaps may be right. But this could be somewhat cultural/season as well. Consumer goods have gone from cheap to cheaper over the summer sales period. One can't help but step out and splurge for a new pair of socks.
LONDON SFH 13:54 GMT September 8, 2016
BREAKING NEWS:
Yeah I agree JP-south but not too far maybe 11280 ish...
Mtl JP 13:52 GMT September 8, 2016
BREAKING NEWS:
SFH what is your instinct about 1.13 atm ?
I am gunning south
Mtl JP 13:44 GMT September 8, 2016
Consumption vs Deflation
PAR 13:18 what the 1977 PhD in Economics, Massachusetts Institute of Technology (MIT) Mario didnt learn is that in a low/negative rate environment folks think of growing their savings by adding to them seeing that interest rate will not do that for them. This motivation is bigger than some alleged motivation to "wait and buy later at lower prices" in an alleged price-deflationary environment
-
how about some actionable trade calls sister ?
tia
nw kw 13:20 GMT September 8, 2016
Consumption vs Deflation
USD DOE U.S. Crude Oil Inventories (SEP 2)
gbp and cad are softest for now?
PAR 13:18 GMT September 8, 2016
Consumption vs Deflation
Reply
According to Draghi current European expansion is driven by consumption .
Why would you consume now in a deflationary environment . If prices are coming down all the time as Draghi & Co say it is better to wait and buy later at lower prices .
What is more likely is that consumers are afraid of higher prices and buy now before hyperinflation strikes.
UK JY 13:13 GMT September 8, 2016
Election and the FED
dc, can you save posts like that for quiet times. Market is trading actively and using my seat belt to keep me bolted in. .
dc CB 13:07 GMT September 8, 2016
Election and the FED
and then there were 3. Libertarian candidate for Pres, Gary Johnson, knocks himself out of the race.
Earlier this morning.
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
“What would you do if you were elected about Aleppo?" Mike Barnicle asked Gary Johnson on MSNBC’s “Morning Joe.”
“About?” Johnson asked.
“Aleppo,” Barnicle repeated.
“And what is Aleppo?” Johnson asked sunnily, to the astonishment of the “Morning Joe” hosts.
“You’re kidding,” Barnicle said.
“No,” Johnson replied.
Gary Johnson Stuns 'Morning Joe' Hosts By Asking ‘What Is Aleppo?’ (VIDEO)
london red 13:07 GMT September 8, 2016
Thursday Trade
broken fib 11271/75 is key on downside. no coming back to new high if busted. so if to test highs any dip likely to be ahead of prev low of 75.
cable may approach interesting buy level c 13250 buy c 60 stop 13228
GVI Trading Room Jay Meisler 13:07 GMT September 8, 2016
Thursday Trade
JP, these spikes play havoc with any setups but have been a seller in the 1.13s on stops related spikes based on the tug-of-war, which means EURUSD will not go it alone. On the other side, buying in the Amazing Trader support zone was the trade of the day.
Mtl JP 13:00 GMT September 8, 2016
Thursday Trade
sounds like your Amazing Trader has been trying to trade euro from a sell bias
dc CB 12:59 GMT September 8, 2016
BREAKING NEWS:
hey PM May: trigger Art 50...get out while the gettin's good.
GVI Trading Room Jay Meisler 12:55 GMT September 8, 2016
Thursday Trade
Using our Amazing Trader roadmap, key resistance levels
1.1340, 1.1354, 1.1366
High so far 1.1327 so damage not fatal
Supports, as noted, roadmap worked and 1.13 clearly now pivotal
Note firm EUR crosses in a tug-of-war that has the dollar firmer elsewhere
dc CB 12:55 GMT September 8, 2016
BREAKING NEWS:
Boom
*DRAGHI SAYS ECB DIDN'T DISCUSS EXTENSION OF ASSET-PURCHASE PLAN
*DRAGHI SAYS NO ADDITIONAL STIMULUS NEEDED FOR TIME BEING
GVI Trading Room john bland 12:53 GMT September 8, 2016
BREAKING NEWS:
Draghi sounding gloomy.
GVI Trading Room john bland 12:52 GMT September 8, 2016
BREAKING NEWS:
Draghi:
-- expect rates to stay at present or lower levels for extended period
-- baseline scenario subject to downside risks
LONDON SFH 12:49 GMT September 8, 2016
BREAKING NEWS:
Good luck with it JP-certainly a lot of jobbing opportunties,,,
Mtl JP 12:48 GMT September 8, 2016
BREAKING NEWS:
SFH 12:30 nice
I am loading a short 1.1320, tight sl
LONDON SFH 12:42 GMT September 8, 2016
BREAKING NEWS:
Spanish 10y bond yields hit an all-time low ahead of the ECB decisions and they are struggling to form a Government with new elections looming. Risk-reward totally on its head....Draghi doing absolutely nothing could cause the EUR to weaken this time given how he seems to be able to make it only stronger when he actually does something.
GVI Trading Room Jay Meisler 12:40 GMT September 8, 2016
Thursday Trade
Amazing Trader roadmap working.... 1.1278 trades
Support zone 1.1272-78 (current price 1.1294 after bounce off of support)
1.1303 resistance ahead of 1.1316
london red 12:31 GMT September 8, 2016
BREAKING NEWS:
euro. channel res at 11317 and 47. daily straddle about 60 pips so initial sup/res either side. draghi will try to talk dwn but if nothing more, shorts will get squeezed. thru 11350/60 plenty of stops.
nw kw 12:31 GMT September 8, 2016
Thursday Trade
xageur still holding strength advantage, herby front run,?
LONDON SFH 12:30 GMT September 8, 2016
BREAKING NEWS:
Mtl JP 12:27 GMT 09/08/2016
It seems like a popular trade-personally I got long-just below current levels and would t/p at 11350 -go short slightly higher if seen...
Mtl JP 12:27 GMT September 8, 2016
BREAKING NEWS:
nh odds r euro is a sell on pops against 1.1320-ish
does not appear to be very good time to try to get filthy rich off the cretins
dc CB 12:26 GMT September 8, 2016
Thursday Trade
Storm Hermine May Have Caused Large Oil Inventory Drop: Analysts
nw kw 12:26 GMT September 8, 2016
eur
see stay uGu 115. eur/jpy tell if change is in has to move away from this 2008 fib 115 if a market? long for now?
Livingston nh 12:15 GMT September 8, 2016
BREAKING NEWS:
So far Tues ISM fig had a bigger effect on EUR
PAR 12:09 GMT September 8, 2016
Brent - Deflation
Reply
Brent from $ 27 to $ 50 . DJ Commodity Index from 416 to 520 . Deflation ?
Is the ECB inflation calculation just plain wrong and manipulated to keep sponsoring government deficits ?
nw kw 12:06 GMT September 8, 2016
eur
starting this week gov.s are going to help the banks that's in jpy, and aud as for bund big change.
LONDON SFH 11:59 GMT September 8, 2016
eur
think you have wrong contact-you are looking at sept-that expired at 11.30 london time..
nw kw 11:54 GMT September 8, 2016
eur
cfd bund 165.1 was at 168.47?
Livingston nh 11:53 GMT September 8, 2016
BREAKING NEWS:
Action and reaction -- nothing new here so a reaction before DRAGHI speaks
hk ab 11:52 GMT September 8, 2016
eur
Reply
more bombs set higher at 1.1350, 1.1370.
GVI Trading Room john bland 11:49 GMT September 8, 2016
BREAKING NEWS:
ECB policy changes announced. Wait now for press conference for details.
hk ab 11:48 GMT September 8, 2016
eur
Reply
sold 1.13.
LONDON SFH 11:46 GMT September 8, 2016
BREAKING NEWS:
*ECB REAFFIRMS PLAN TO RUN QE TO MARCH 2017 OR BEYOND IF NEEDED
thats the only news
hk ab 11:46 GMT September 8, 2016
gold
Reply
No QE.... gold will be bullied.
LONDON SFH 11:41 GMT September 8, 2016
Election and the FED
nh- hmmm...Regardless of her term expiring it is still not so easy to change an incumbent fed chair without sending some strong signals
Livingston nh 11:33 GMT September 8, 2016
Election and the FED
SFH - Yellen's term expires and Trump gets a clean shot -- Clinton will want a New Chair as well
December is trickier than the week before the election if Fed chooses to make it clear in September meeting thet November is LIVE
LONDON SFH 11:29 GMT September 8, 2016
Election and the FED
Livingston nh 11:22 GMT 09/08/2016
Historically the Fed doesn't like to move too close prior to elections to the extent they would be reluctant to move in sep unless it was clear...Nov seems unlikely to me....will be hard for Trump to remove Yellen easily without looking even more of a chump than he already does
Livingston nh 11:22 GMT September 8, 2016
Election and the FED
Reply
It appears that The FOMC is willing to allow September's meeting to remain dead -- But what about November? Better to move before an election, get the nastiness out of the way - depending on the election outcome the markets might "tie" the Fed in knots again as the new President gets discounted
Election guess: Clinton no fan of Brexit and Yellen could be ditched for Brainard // Trump may have a Cabinet Assembly problem (uncertainty in markets)
TWO months !!
hk ab 11:14 GMT September 8, 2016
gold
Reply
HK Kwun 09:11 GMT 09/08/2016
Buy Gold
Entry: 1347 Target: Stop: 1337
Good, I am in the "right" direction "AGAIN".
hk ab 11:07 GMT September 8, 2016
gold
Reply
Also don't forget limit buy 1337........
hk ab 11:05 GMT September 8, 2016
eur
Reply
I also placed limit sell 1.1330, and relentless above.
hk ab 11:03 GMT September 8, 2016
gold
semi-relentless above 1350....
But I think Kwun's effect is strong and can bring short term swing.
hk ab 11:03 GMT September 8, 2016
gold
semi-relentless above 1350....
But I think Kwun's effect is strong and can bring short term swing.
Mtl JP 11:01 GMT September 8, 2016
Thursday Trade
trying to keep it simple:
yellow = resistance t-line
reds = resistance
blues = support
hk ab 10:57 GMT September 8, 2016
gold
Reply
exit all and SAR 1347.5
hk ab 10:56 GMT September 8, 2016
gold
Reply
oh.... that free rider comes again....
That's why gold suddenly becomes so limited.......
Maybe SAR all longs from 1313 and under at here and SHORT!
manila tom 10:29 GMT September 8, 2016
EURUSD move big 120-150 pips
I dont understand why such a post is even relevant. GV has been degraded to such extent?
Livingston nh 10:01 GMT September 8, 2016
Thursday Trade
Draghi surprise would boost EUR but just meeting expectations w/ a promise of "investigating future action" probably viewed as a disappointment // Taking "currency w/ a coupon" (sovereign debt) out of the market makes the actual currency more valuable to hold and negative interest rates encourage this hoarding -- spending is reduced and saving is increased
EU equities may be bigger mover than EUR if he disappoints
manila tom 09:50 GMT September 8, 2016
Thursday Trade
JP, any take on euro after ECB? 1.1370 or 1.1170?
Mtl JP 09:27 GMT September 8, 2016
Thursday Trade
Gold 1348.50
It would be wise now for the central bank to wait for more data before raising rates = what is the trade: long more Gold ?
GVI Trading Room john bland 09:14 GMT September 8, 2016
Thursday Trade
WEEKLY HIGH IMPACT NEWS:
8-SEP Thursday
11:45 EZ- ECB Decision
12:30 US- US- Weekly Jobless
15:00 US- Crude
9-SEP Friday
01:30 CN- CPI
08:30 GB- Trade
12:30 CA- Employment
Trading Themes--
- The focus today is on the ECB meeting where the central bank is expected to extend QE into 2017. One concern at the central bank has to be the lackluster economy after yesterday German July industrial production unexpectedly fell -1.5% vs. expectations for a gain of 0.2% in the month.
- The U.S. economic calendar will be light again today. Markets continue to absorb the recent poor run of U.S. data out of the U.S. The latest disappointment was a poor August ISM Service PMI on Tuesday. That release saw the key EURUSD relationship move back above the 1.1200 line.
- Following the lack the soft August U.S. employment report last Friday, odds on a September rate hike have fallen to a scant 12%. Furthermore, odds on ONE rate hike by yearend are down to a coin-toss after trading as high as 80% after Yellen's Jackson Hole speech. It would be wise now for the central bank to wait for more data before raising rates.
John M. Bland, MBA
co-founder Global-View.com
HK Kwun 09:11 GMT September 8, 2016
GBPUSD 80-100 pips move
Buy Gold
Entry: 1347 Target: Stop: 1337
Good, I am in the right direction
Amman wfakhoury 08:45 GMT September 8, 2016
GBPUSD 80-100 pips move
GOLD up to 1351 .
then use 1351 as mag. with 1346.
HK Kwun 08:33 GMT September 8, 2016
GBPUSD 80-100 pips move
Buy Gold
Entry: 1347 Target: Stop: 1337
wfakhoury master, any direction on gold?
manila tom 08:33 GMT September 8, 2016
sell cable
Reply
short cable 1.3358, stop 1.3395, target 1.31-1.32
Amman wfakhoury 07:44 GMT September 8, 2016
GBPUSD 80-100 pips move
Reply
GBPUSD 80-100 pips move
The only one in the world who confirms the next level
LONDON SFH 07:31 GMT September 8, 2016
AUD/USD
JP- Ah ok-More to go for with majors-Euro/$ getting a bit of a bid pre ECB...Will get involved with that during/after conference-in meantime a bit long of cable...gl/gt
Mtl JP 07:25 GMT September 8, 2016
AUD/USD
SFH - Oz related to earlier crap GDP; current priceaction testifies to players' swift focal change
singapore td 07:19 GMT September 8, 2016
sell cable
Reply
sold 1.3352, stop 1.3393
target open
bali sja 07:16 GMT September 8, 2016
AUD/USD
sell sell sell audusd, follow Zeus
first in that 0.77-0.78 zone, 0.7715
LONDON SFH 07:05 GMT September 8, 2016
AUD/USD
JP
Good luck with that-it appears a few have advocating that as a sell-was there any reason that was Oz related or just $ bullish?
Mtl JP 07:01 GMT September 8, 2016
AUD/USD
current aud rally rides chinese trade data
singapore td 06:29 GMT September 8, 2016
AUD/USD
cable short is more promising than audusd
bali sja 06:28 GMT September 8, 2016
AUD/USD
for audusd 0.77-0.78 is sell zone
bali sja 06:25 GMT September 8, 2016
AUD/USD
lets go guys, buy usd big time, will join you with audusd short also
i was in cable short already
tokyo ginko 06:17 GMT September 8, 2016
AUD/USD
tag along u Zeus, @ 7694...let's see where it goes.. 8)
USA ZEUS 05:52 GMT September 8, 2016
AUD/USD
All in short AUD/USD at .7692
Happy Day!
Provo John 05:03 GMT September 8, 2016
Wednesday Trading
With regards to "the danger of trading someone else's ideas that do not include stop loss, that double and triple up positions..." all to true.
bali sja 04:53 GMT September 8, 2016
Wednesday Trading
sure, we are not living in ideal world though and timing etc can effect the ideal r/r, unless one is sitting in front of the screen 24 hours
I do hope you also point to others about the danger of trading someone else's ideas that do not include stop loss, that double and triple up positions, plenty of those here...
Provo John 04:42 GMT September 8, 2016
Wednesday Trading
At the moment I do not have one. I am waiting for the ECB dust to settle. My only reason for even saying anything is that risk management is THE most important part of any trade. Personally, unless I can get at least a 1:5 r/r I don't trade ( which is a trade ). I am not criticizing your trade just pointing out to others the risk vs reward ( particularly for anyone new ).
bali sja 04:15 GMT September 8, 2016
Wednesday Trading
Provo John, perhaps you tell me your plan then that makes sense?
bali sja 04:14 GMT September 8, 2016
Wednesday Trading
Provo john, you do not have to agree with my trade, feel free to adjust accordingly
the idea is to sell gbp, though it is not ideal winning ratio for some, it is still above 50:50 ratio and on some days you just cannot have that perfect 90:10 ratio
Provo John 04:01 GMT September 8, 2016
Wednesday Trading
Bali Sja 02:11 GMT 09/08/2016
risking 63 pips for a 80 pip gain does not make sense.
Mtl JP 02:16 GMT September 8, 2016
Wednesday Trading
sell big time = ___ (25+ lots ?)
Bali Sja 02:11 GMT September 8, 2016
Wednesday Trading
Sell big time gbpusd 1.3350 tsrget 1.3270. Stop 1.3413
Mtl JP 00:22 GMT September 8, 2016
Wednesday Trading
short audusd again here,
tight sl
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