Forex Forum Archive for 01/1/2017

GVI Trading john bland 22:35 GMT January 1, 2017
Breaking News

EURUSD 1.0517
USDJPY 116.90
GBPUSD 1.2331
USDCHF 1.0186

GVI Trading john bland 21:06 GMT January 1, 2017
Breaking News
Reply   
(CN) China State Administration of Foreign Exchange (SAFE): Increases controls on individuals' FX purchases - Source TradeTheNews.com

Mtl JP 20:36 GMT January 1, 2017
12/30/2016 closes
courtesy GVI Forex Database: Free Forex Historical Data
Reply   
Greetings 2016 survivors and would-be 2017 speculators and opportunists
Below are what should - but not necessarily - be 2017 opening levels
EUR/USD 1.0532
USD/JPY 116.7400
USD/CHF 1.0179
GBP/USD 1.2324
USD/CAD 1.3437
EUR/GBP 0.8545
EUR/JPY 122.9730
EUR/CHF 1.0722
AUD/USD 0.7213
NZD/USD 0.6944

GVI Trading john bland 18:49 GMT January 1, 2017
Monday Trading Ideas for Monday 2 January 2017
Reply   

The Fed Funds Market Sentiment Barometer reflects current sentiment about a future change in Fed policy. Odds for rate hikes at the June 17, 2017 meeting are +100% for +25bp.

EURUSD MACRO statistical Bias: NONE
Spot EURUSD: 1.0532
20-day avg: 1.0516
Pivot Point: 1.0556

Paris ib 18:39 GMT January 1, 2017
Goodbye to the Nobel Peace Prize Winner
Reply   
Maria Zakharova, Russia's Foreign Affairs Spokesperson, has stated on a national TV show that Obama will go down in history as one of the most evil Presidents and Administrations.

Happy New Year everyone. :-)

Bring on 2017

GVI Forex Blog 17:33 GMT January 1, 2017
GVI Data Calendar for 2 January 2017
Reply   
Thursday features Weekly Jobless Claims and EIA Crude Inventories.

January 1, 2017 (global-view.com) UPCOMING DATA HIGHLIGHTS Monday, January 2, 2017.

• Far East: CN, JP- PMIs
• Europe: GB- Holiday CH, EZ- PMIs
• North America: US, CA Holiday

WEEKLY Forex Economic Calendar:

2-Jan Mon
Global- Holiday
Various - PMIs
3-Jan Tue
Various - PMIs
08:55 DE- Unemployment
4 Jan Wed
Various Service PMIsbr> 10:00 US- flash HICP
13:15 US- ADP Payrolls
19:00 US- Fed Minutes
5-Jan Thu
Various Service PMIs
13:30 US- Jobless Claims
16:00 EIA Crude
6-Jan Fri
07:00 DE Retail Sales
13:30 US/CA- Employment/Trade

GVI Data Calendar for 2 January 2017

Amsterdam NordFX 14:53 GMT January 1, 2017
Forex Forecast for EURUSD, GBPUSD, USDJPY, and USDCHF for 02-06 January 2017
Reply   
First, a review of last week’s forecast:
– We know that "thin" market and low liquidity in the pre New Year's week can work wonders. For the first half of the week the EUR/USD pair, as expected, remained in a slow sideways trend. Then on Wednesday, it slumped 100 points. On Thursday it played back what it lost. Then, the beginning of the Asian session on Friday presented the traders a "New Year" surprise - in just one hour, for no apparent reason, the pair made a sharp leap upwards and hit 1.0655, after which it returned to the levels of support of the second half of November;
–The forecast for GBP/USD predicted the pair's movement in the side channel in the range of 1.2215-1.2325. 1.2375 was identified as the week's high. In general, this forecast proved to be correct - for the whole week the pair oscillated in the range 1.2200-1.2305, and on Friday, breaking through the upper boundary of the corridor, it reached the height of 1.2385;
– For USD/JPY, graphical analysis on D1 anticipated the movement of the pair in the channel 116.50-119.00, whilst H4 suggested the channel 115.50-117.50. It turned out that the first was right in determining the local minimum - 116.30, and the latter was right regarding the maximum - 117.80;
– USD/CHF. Here, 75% of experts, supported by indicators H4 and D1 and technical analysis on the daily time frame, voted for the pair to grow to the 1.0300-1.0400 area. By the middle of the week, it actually did rise to the height of 1.0320. The remaining 25% of experts expected a decline of the pair to the December low at 1.0000, and on Friday, mirror copying the behaviour of EUR/USD, the pair rushed down, reaching the bottom at the level of 1.0059.
***
Forecast for the upcoming week:
Summing up the opinions of a number of analysts from leading banks and broker companies as well as forecasts based on different methods of technical and graphical analysis, the following can be suggested:

– The consensus of analysts in the first week of the New Year can be called unique - 100% voted for the fall of the EUR/USD and its return to the zone 1.0350-1.04800, Pivot Point at 1.0430. Graphical analysis and oscillators on the D1 agree with such a forecast, indicating that the pair is overbought. As for the graphical analysis on H4, it does not rule out that prior to falling, the pair may attempt to re-test the 1.0655 high of December 30;
– In the case of GBP/USD, most experts (75%) also expect the movement of the pair southwards - to the October lows in the 1.2080 zone. Indicators and graphical analysis on D1 agree with this version as well. But as for a shorter time frame, H4, the picture is diametrically opposite - in the short term technical analysis points to a possible growth of the pair to the resistance 1.2380 and further - to a height of 1.2500;
– USD/JPY. The vast majority of indicators (70%) have taken a neutral position. Readings of graphical analysis on H4 can be called neutral as well, they point to a sideways trend in the range of 116.00-118.65 with a predominance of bullish sentiment. 80% of analysts are also on the bulls' side. An alternative view is represented by graphical analysis on D1. According to its readings, the pair must first go down to the 114.75 support and only then rush to the height of 118.65. In case of breaking down, the next support level is at 113.10;
– Most likely, next week the USD/CHF pair will continue to mirror the movement of EUR/USD. That is why 100% of experts predict it to rise to the 1.0220-1.0320 area. As for technical analysis, as it often happens, the indicators on H4 and D1 have occupied opposite positions. Whilst analysis on D1 supports the analysts, on H4, oscillators, trend indicators as well as graphical analysis indicate the pair's drive toward the 1.0000 mark.
Roman Butko, NordFX
Notice: These materials should not be deemed a recommendation for investment or guidance for working on financial markets: they are for informative purposes only. Trading on financial markets is risky and can lead to a loss of money deposited.
#forex #forex_forecast #eurusd #signals_forex #binary_options
http://nordfx.com/

GVI Trading john & jay 11:23 GMT January 1, 2017
Breaking News

GVI Trading 11:19 GMT January 1, 2017
U.S. dollar posts 2016 gain on Trump victory, Fed forecasts -- Reuters.com
Reply   
"The U.S. dollar slipped on Friday but notched its fourth straight year of gains against a basket of major currencies. The dollar index .DXY, which measures the greenback against a basket of six major rivals, gained about 3.7 percent for the year.

The index rose about 7.1 percent during the fourth quarter, more than half that gain coming since the Nov. 8 U.S. presidential election on expectations that U.S. President-elect Donald Trump's plan to boost fiscal stimulus would benefit the currency. A faster projected pace of rate hikes from the Federal Reserve next year also contributed..."

U.S. dollar posts 2016 gain on Trump victory, Fed forecasts -- Reuters.com

GVI Forex Blog 10:16 GMT January 1, 2017
BREAKING NEWS: China NBS PMI For December 2016 Weaker
Reply   
The less reliable China NBS PMI misses slightly. It is still above the "50" boom or Bust line. The more reliable Caixin PMI is released on Monday.

BREAKING NEWS: China NBS PMI For December 2016 Weaker

GVI Trading john bland 10:06 GMT January 1, 2017
Breaking News
Reply   
China NBS PMI December 2016

Haifa ac 08:30 GMT January 1, 2017
Happy New Year

Sydney ACCת

Most definitely the BEST TRADING SONG ever written.

Sydney ACC 00:17 GMT January 1, 2017
Happy New Year

Kenny Rogers - The Gambler

"If you're gonna play the game, boy
You gotta learn to play it right
You've got to know when to hold 'em
Know when to fold 'em
Know when to walk away
And know when to run
You never count your money
When you're sittin' at the table
There'll be time enough for countin'
When the dealin's done

Link