Forex Forum Archive for 01/31/2017

Livingston nh 23:57 GMT January 31, 2017
NEXT
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Tonight kicks off the start of real risk to the President - he names a Supreme Court Justice who Cannot be fired - this will be the first of perhaps 3 appointments to the Court in the next 4 years -- this is where real change is confirmed or denied and the effect of the individual Justice, if confirmed, will be felt for decades

Later this week or perhaps Monday attention will turn to the Fed's Board of Governors appointments -- these appointments will determine how "LAME" the current Chair will be for the next year

GVI Trading john bland 22:34 GMT January 31, 2017
Breaking News

Australian January 2017 PMI falls sharply.

GVI Trading john bland 22:30 GMT January 31, 2017
Breaking News

Australia PMI January 2017

Israel Dil 22:10 GMT January 31, 2017
WF9
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NASA: February 15th without harm
Dr. Damir: February 16th with serious harm and damages

strange POTUS didn't share his opinion by now...

;-)

GVI Trading john bland 21:43 GMT January 31, 2017
Breaking News

WTI dips then recovers post bearish API data.

GVI Trading john bland 21:37 GMT January 31, 2017
Breaking News

U.S. API Crude

TTN: Live News Special Offer

• On Tuesday,The BOJ kept policy steady as expected. Not much is expected from the Fed on Wednesday. Fed monetary policy has been slipping into the background following the installation of the Trump Administration which is looking to stimulate the economy via a fiscal stimulus. Markets see almost no chance of a rate hike tomorrow, but nearly 100% odds on a June rate hike.


• Forex traders got an unexpected surprise early Tuesday when Trump Administration trade advisor Navarro was quoted in the Financial Times saying that Germany has been benefiting from a gross undervaluation of the EUR. Shortly thereafter, German Chancellor Merkel said that she did not want to influence Euro exchange rate and that she has always called upon ECB to have independent policy. The news saw the EURUSD trade from just above the 1.0700 line to above 1.0800. The new news was that it appears that the Trump administration will be pursuing a weak dollar policy if The Navarro comments are not "clarified".


• For those of us who were around during the last bout of significant USD weakness, it it hard to comprehend how the government would even consider talking down its currency. Once that downward momentum starts, it can be very hard to stop a slide. It is very difficult to understand how there is not someone in the Trump inner circle who does not know this recent history.


• Early Tuesday saw EZ flash HICP for January surging higher on the back of higher oil prices. Advance 4Q16 GDP grew smartly as well. Some are wondering when the ECB will sit up, take notice, and start to pare back on its overly aggressive monetary policy ease.

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



---

Risk Off inEquities



Forex Trading Ideas For Wednesday February 2017

GVI Forex Blog 20:28 GMT January 31, 2017
Chart Points: Free Forex Database For 31 January 2017
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Global-View Free FX Database Updated . High-Low-Close data for more than a dozen currency pairs for over seventeen years of data in an Excel spreadsheet format

Chart Points: Free Forex Database For 31 January 2017

GVI Forex Blog 20:18 GMT January 31, 2017
Risk Off in Equities as of 31 January 2017 Close
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Late in N.Y., U.S. equity markets are ending broadly lower in the wake of a Trump advisor signal that a lower USD is desired. The yield on the 10-yr Note is ending lower at 2.446%. In forex trade, USD is ending sharply lower. the EUR is higher on its crosses.

Risk Off in Equities as of 31 January 2017 Close

PAR 20:05 GMT January 31, 2017
PPT

Here we go . Donald s secret weapon . Markets must go higher or you wil be fired .

GVI Trading john bland 18:16 GMT January 31, 2017
Breaking News

Senate Approves Elaine Chao as Transportation Secretary 93-6 vote

>>wire service

NY JM 17:48 GMT January 31, 2017
PPT

PAR, we have been waiting for you to show up with the PPT call.

PAR 17:46 GMT January 31, 2017
PPT
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Trump calling PPT to the rescue. Will they listen or does he have to fire the PPT head ? More news tomorrow ?

London AzaForex 17:36 GMT January 31, 2017
Strategy and trading analysis on shares of the company Ameri
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Buy OTHER
Entry: Target: Stop:

Strategy and trading analysis on shares of the company American- Express 01-31-2017 by AzaForex forex broker

GVI Forex Blog 17:27 GMT January 31, 2017
GVI Data Calendar for 1 February 2017
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January 31, 2017 (global-view.com) UPCOMING DATA HIGHLIGHTS Wednesday, February 1, 2017.

• Far East: AU/CN/JP- PMIs
• Europe: EZ/UK- PMIs
• North America: CA/US- PMIs, US- Mortgages, ADP Jobs, Construction Spending, EIA Crude, Fed Rates

WEEKLY Forex Economic Calendar:
1 Feb Wed
00:00 CN- Lunar Year Holiday
All Day Manufacturing PMIs
13:15 US- ADP Jobs
15:30 US- EIA Crude
19:00 US- Federal Reserve
2 Feb Thu
00:00 CN- Lunar Year Holiday
13:30 US- Weekly Jobless
13:30 US- Productivity
12:00 GB- Bank of England
3 Feb Fri
All Day Service PMIs
04:30 AU- Rererve Bank of Australia
13:30 US- Employment

GVI Data Calendar for 1 February 2017

GVI Trading john bland 16:54 GMT January 31, 2017
Risk-Off at European Close
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GVI Trading Jay Meisler 16:24 GMT January 31, 2017
Tuesday Trading Ideas

Pasig Evan 16:23 GMT January 31, 2017
Breaking News

EURUSD
Entry: Target: Stop:

True?

Bali Sja 16:20 GMT January 31, 2017
Breaking News

When you start seeing call like this it is time to start building short euro slowly

Pasig Evan 16:04 GMT January 31, 2017
Breaking News

EURUSD
Entry: Target: Stop:

Medium term target 1.20?

LONDON SFH 16:01 GMT January 31, 2017
Breaking News

Probably Evan-expecting 1.09/110 before we drop significantly....

Pasig Evan 15:59 GMT January 31, 2017
Breaking News

EURUSD
Entry: Target: Stop:

1.0850 here we come?

GVI Forex Blog 15:08 GMT January 31, 2017
BREAKING NEWS: U.S. Conference Board Survey Misses For January 2017
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Conference Board data much weaker than expected.

BREAKING NEWS: U.S. Conference Board Survey Misses For January 2017

UK JY 15:07 GMT January 31, 2017
Tuesday Trading Ideas

1.08 defence?

GVI Trading john bland 15:00 GMT January 31, 2017
Breaking News

U.S. Conference Board Survey January 2017

GVI Trading john bland 14:58 GMT January 31, 2017
Tuesday Trading Ideas

1.0800 area (above)next upside stops in EURUSD.

GVI Trading john bland 14:45 GMT January 31, 2017
Breaking News

Chicago PMI January 2017

GVI Trading Jay Meisler 14:43 GMT January 31, 2017
Breaking News

Chatter Chi PMI below consensus - released early to subscribers

Israel Dil 14:31 GMT January 31, 2017
Breaking News

Sell EURUSD
Entry: 1.0770 Target: Stop: 1.08xx

yawn ;-)

GVI Trading john bland 14:02 GMT January 31, 2017
Breaking News

Case Shiller data for November 2016 below.. Old data??

GVI Trading john bland 14:00 GMT January 31, 2017
Breaking News

GVI Trading john bland 13:45 GMT January 31, 2017
Breaking News

Odds of a Fed hike in MARCH are only 36%. For TOMORROW they are about 10%. They do rise to over 100% for June. I think those MARCH odds are very high!

Livingston nh 13:40 GMT January 31, 2017
Breaking News

cb - no more of that - my coffee is on my screen and keyboard // rate hike?? hahhah

GVI Trading john bland 13:39 GMT January 31, 2017
Breaking News

Merkel responded at the speed of light (diplomatically).

dc CB 13:34 GMT January 31, 2017
Breaking News

plus, if you're Yellen and the Fed Committee, and looking to raise rates tom, to save face, then you just got handed a gift --- keep the USD under 100 and cushion the shock.

GVI Trading john bland 13:33 GMT January 31, 2017
Breaking News

Canada: GDP November 2016

dc CB 13:28 GMT January 31, 2017
Breaking News

the difference between campaigning and governing====

you've got to keep in mind that Trump is NOT A POLITICIAN.
A politician making a campaign promise, when elected, would then put together a committtee of "experts" and give them 7 or 8 months to make recommmendations.
Just like Obama "promised" to make the bankers pay ---- there was great theater, hearings, Eliz Warren turned it into a Senate seat...but in the end NADA.

GVI Trading 13:27 GMT January 31, 2017
Breaking News

08:25 (DE) German Chancellor Merkel: Do not want to influence Euro exchange rate; has always called upon ECB to have independent policy
- Cannot change situation in respect to monetary policy

- Source TradeTheNews.com

Bali Sja 13:17 GMT January 31, 2017
Breaking News

Trump looks like making more enemies than his days at the office. Sold cable 1.2490 stop 1.2539

Livingston nh 13:04 GMT January 31, 2017
Breaking News

Switzerland has been designated a Currency Manipulator and they seem unconcerned these past few years -- ignore it, it's meaningless

Bali Sja 13:03 GMT January 31, 2017
Breaking News

Next, Britain is also accused of manipulating pound via brexit soap opera?

Livingston nh 13:02 GMT January 31, 2017
Breaking News

Beware of GOOD analogies - the flaws of a bad analogy are self evident but the flaws of a Good Analogy are more subtle (some of the media types are already on about Saturday Night Massacre)

The comment was specific to Germany -- Why? -- it's not about the USD but about a high profile target - Merkel // expect this to continue

A lot of this past week has been about Provocation and Reaction - so far most folks have taken the BAIT

GVI Trading john bland 12:54 GMT January 31, 2017
Breaking News

There is no doubt that the Navarro comment was a "game changer" (weaker USD). Sometimes, I make the mistake of thinking that people in the government know what they are doing. The Trump Administration doesn't seem to realize the difference between campaigning and governing. No one really pays much attention to what a candidate says.

There is a reason why every Treasury Secretary going back to James Baker in the Reagan years has said the U.S. is in favor of a strong and stable USD, even when they are not.

There is a risk of a "clarification" of Navarro's remarks once someone in Europe reaches Trump, but who knows?

Brisbane Flip 12:45 GMT January 31, 2017
Breaking News

Apparently everyone is a currency manipulator except for the US who have had ZIRP and QE for almost decade after the GFC and during the one of the longest expansion in history.

dc CB 12:32 GMT January 31, 2017
Breaking News

playing the game just like Kuroda.

GVI Trading john bland 12:15 GMT January 31, 2017
Breaking News

Headline below explains a lot. These little boys don't realize they are playing with fire.

Amman wfakhoury 12:14 GMT January 31, 2017
EURUSD

This hour only any decline below 10750 will return to it.

GVI Trading john bland 12:13 GMT January 31, 2017
Breaking News

Presidential trade adviser Navarro: Germany is benefiting from gross undervalued euro - financial press

- Source TradeTheNews.com

GVI Trading Jay Meisler 12:11 GMT January 31, 2017
Tuesday Trading Ideas

dc, thanks for that update on what triggered the EUR spike.

Amman wfakhoury 12:10 GMT January 31, 2017
EURUSD
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Sell here 10760 tp 10735 add sell around 10800.


The only one in the world who confirms the next level

GVI Trading john bland 12:08 GMT January 31, 2017
Amazing Trader Early EURUSD Ideas for 31 January 2017

There were two stop runs in EURUSD. Earlier I cited stops on the Amazing Trader EURUSD Chart at 1.0740 that could be a target. 1.0750 should be neutrality. HOD now 1.0764.

Amman wfakhoury 12:07 GMT January 31, 2017
EUR USD Consolidation area

Amman wfakhoury 09:38 GMT 01/31/2017
EURUSD into consolidation area 10710 and 10690 .
below it 10672 then 10640.
above it 10724 10760
__________________
10760 reached and now return to 10735

The only one in the world who confirms the next level

dc CB 12:07 GMT January 31, 2017
Tuesday Trading Ideas

The Trump administration just fired the first shot in the US-European currency, and thus trade, wars when Trump's top trade advisor Peter Navarro accused Germany of using a “grossly undervalued” euro to "exploit the US and its EU partners", the FT reported noting the comments are "likely to trigger alarm in Europe’s largest economy." News of the statement sent the EURUSD spiking in the moments after its release.

ZeroHedge

GVI Forex Blog 11:19 GMT January 31, 2017
Amazing Trader Early EURUSD Ideas for 31 January 2017
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Amazing Trader Early EURUSD Ideas for 31 January 2017

GVI Forex Jay Meisler 11:02 GMT January 31, 2017
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GVI Forex Blog 10:41 GMT January 31, 2017
Forex Trading Ideas For Tuesday 31 January 2017
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Trading Ideas for 31 Jan 2017

WEEKLY Forex Economic Calendar:
31 Jan Tue
00:00 CN- Lunar Year Holiday
03:00 JP- Bank of Japan
07:00 DE- Retail Sales, Jobs
10:00 EZ- GDP
10:00 EZ- flash CPI
15:00 US- Consumer Confidence
1 Feb Wed
00:00 CN- Lunar Year Holiday
All Day Manufacturing PMIs
13:15 US- ADP Jobs
15:30 US- EIA Crude
19:00 US- Federal Reserve
2 Feb Thu
00:00 CN- Lunar Year Holiday
13:30 US- Weekly Jobless
13:30 US- Productivity
12:00 GB- Bank of England
3 Feb Fri
All Day Service PMIs
04:30 AU- Reserve Bank of Australia
13:30 US- Employment

• The EURUSD continues to trade on both sides of 1.0700 despite a heavy economic calendar. EZ flash HICP for January surged higher. 4Q16 GDP grew smartly as well. Perhaps the ECB might start to sit up and take notice?


• The BOJ kept policy steady as expected. Not much is expected from the Fed tomorrow. Its funny how mnetary policy has slipped into the background following the U.S. change of government. The focus of trade remains on the economic and political policies being developed by new U.S. President Trump.


• Today features another active global data calendar. Last weekend saw the start of lunar new year observations. They could impact the volume of trading early in the week.

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



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Mixed Markets Early



Forex Trading Ideas For Tuesday 31 January 2017

GVI Forex Blog 10:24 GMT January 31, 2017
BREAKING NEWS: EZ flash HICP For January 2017 Up Sharply
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EZ flash HICP (CPI) up sharply. core CPI flat.

BREAKING NEWS: EZ flash HICP For January 2017 Up Sharply

GVI Forex Blog 10:21 GMT January 31, 2017
Breaking News: Ez 4Q16 GDP Beats Estimates
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Eurozone 4Q16 GDP yy Beats Estimates.

Breaking News: Ez 4Q16 GDP Beats Estimates

manila tom 10:09 GMT January 31, 2017
eurgbp

wtr, eurgbp looks like done with basing, target parity from here?

perth wtr 10:06 GMT January 31, 2017
eurgbp

short cable's stop must be moved to 1.2480 IMHO

GVI Trading john bland 10:04 GMT January 31, 2017
Breaking News

Eurozone GDP 4Q16

GVI Trading john bland 10:01 GMT January 31, 2017
Breaking News

Eurozone Final HICP (CPI) January 2017

perth wtr 09:49 GMT January 31, 2017
sell audusd
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sold 0.7552, stop 0.7587, target open

perth wtr 09:44 GMT January 31, 2017
eurgbp
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looks like a better play is with eurgbp long
cable has seen this year's high IMO
focus on downside now, sell intraday rallies

Amman wfakhoury 09:38 GMT January 31, 2017
EUR USD Consolidation area
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EURUSD into consolidation area 10710 and 10690 .
below it 10672 then 10640.
above it 10724 10760

perth wtr 09:37 GMT January 31, 2017
usdjpy
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buy 113.89, stop 113.11, target 115 and beyond

manila tom 09:30 GMT January 31, 2017
eur/usd

yes fs, worth a try again while under 1.07, short also 1.0694, stop 1.0735

kl fs 09:28 GMT January 31, 2017
eur/usd

yeah a repeat of yesterday
sell euro 1.0693, stop above today's high maybe above 1.0740, target all the way down

GVI Forex Blog 09:21 GMT January 31, 2017
Mixed Markets Early on January 31, 2017
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Equities in the Far East closed mixed. European bourses are higher. Bond yields are mostly higher. U.S. equity futures are down at this hour. The EUR is up on its key crosses while the USD is mixed.

GVI Forex Blog 09:03 GMT January 31, 2017
BREAKING NEWS: German December 2017 Unemployment Falls Beats Estimates
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German January Jobless improves more than expected (lower is better). Unemployment rate declines.

BREAKING NEWS: German December 2017 Unemployment Falls Beats Estimates

jkt abel 09:00 GMT January 31, 2017
eur/usd

yeah it is getting boring and a bit too obvious...let's see when this happens

bali sja 08:58 GMT January 31, 2017
eur/usd

always buy usd at the end of Asia's session

GVI Trading john bland 08:57 GMT January 31, 2017
Breaking News

German Employment beats estimates.

GVI Trading john bland 08:56 GMT January 31, 2017
Breaking News

German Unemployment January 2017

GVI Trading john bland 08:54 GMT January 31, 2017
Breaking News

German Real Retail Sales December 2016

bali sja 08:06 GMT January 31, 2017
eur/usd

sell, as long as below 1.0750 stop above 1.08 will do

dubai tony 07:48 GMT January 31, 2017
eur/usd
Reply   
What is the outlook for the euro usd pair today.

dc CB 03:58 GMT January 31, 2017
The US media and other rascals are undermining Trump and introducing Mkt. instability.

PS

George Carlin - It's a Big Club and You Ain't In It! The American Dream

dc CB 03:55 GMT January 31, 2017
The US media and other rascals are undermining Trump and introducing Mkt. instability.

Fake NUZS...the problem is - with people who attempt to trade the markets -- is that BOTS dominate the second/microsecond moves. These BOTS only read the Headlines...deeper inspection, human thought not involved. How do you trade this sheit.

by the way, Lionel is amusing, kind of like an UnFunny George Carlin

Brisbane Flip 03:37 GMT January 31, 2017
The US media and other rascals are undermining Trump and introducing Mkt. instability.

Just keep using that "Fake News" buzzphrase.
It works on anything you disasgree with or don't like.
The media says its 33 degrees here today but we all know it's "fake weather"

dc CB 03:22 GMT January 31, 2017
The US media and other rascals are undermining Trump and introducing Mkt. instability.

listen to Lionel as he 'splains to the ill-informed hystericals

Lionel (né Michael Wm. Lebron) is an Emmy® Award winning, licensed trial lawyer (Florida, New Jersey, New York & SCOTUS), published author, proud husband, legal analyst and news decoder

Trump “Muslim Ban” Is a Fake News Lie - They Hate Trump More Than Terrorism - Obama Started It All

dc CB 03:04 GMT January 31, 2017
The US media and other rascals are undermining Trump and introducing Mkt. instability.

hahahahahahahaha.

Sally Yates, who defied him just three hours earlier on his migrant-travel ban urging the DOJ not to follow his executive order,

Trump Fires Acting Attorney General Yates For "Betrayal"

dc CB 02:00 GMT January 31, 2017
Tuesday Trading Ideas

carnage in the drug sector?

WHITE HOUSE SCHEDULE LISTS TRUMP MEETING WITH PHARMA TUESDAY: BBG

dc CB 01:48 GMT January 31, 2017
The US media and other rascals are undermining Trump and introducing Mkt. instability.

Brisbane Flip 01:21

fyi - the 7 countries named were the ones already Tagged but the Obama Admin and already approved by Congress, years before this election cycle even started. The other countries that you named spend billions of dollars buying US weapon systems....I won't even go into billions in "contributions" to the Clinton Foundation...you know Hillary the "shoe-in" next President (for 2 terms no doubt)

Yes, blame the media.

Livingston nh 01:23 GMT January 31, 2017
The US media and other rascals are undermining Trump and introducing Mkt. instability.

The Administration is playing the media like a violin - the President is not giving the news cycle any time to adjust because he keeps the targets moving -- the protest folks need to change signs on a daily basis (street protests do not weaken this President - it plays to his strength w/ the folks that elected him) -- tomorrow SC Justice and then the Fed's first meeting under the new Administration

If the media gets too comfortable a barrage of incoming TWEETS like well aimed mortar fire scatters the commentariat all over the landscape -- sometimes the market gets caught up in this noise (VIX finally popped a bit)

Brisbane Flip 01:21 GMT January 31, 2017
The US media and other rascals are undermining Trump and introducing Mkt. instability.

"In the 40 years to 2015, not a single American was killed on US soil by citizens from any of the seven countries targeted - Iran, Iraq, Libya, Somalia, Sudan, Syria and Yemen - according to research by the conservative-leaning Cato Institute. But the same research shows that in the same period nearly 3000 Americans were killed by citizens of Saudi Arabia, the UAE, Egypt and Turkey — most victims of the September 11 attacks.

And oops, wouldn't you know it, Trump has multimillion-dollar business operations in all those countries.

In 2015, he registered eight hotel-related companies in Saudi Arabia, according to The Washington Post; in Turkey, two luxury towers in Istanbul are licensed to use his name; in Egypt, he has two companies; and in the UAE, he has naming and management deals for two golf courses."

Just blame the media. It's simplier that way

dc CB 00:44 GMT January 31, 2017
The US media and other rascals are undermining Trump and introducing Mkt. instability.

A climactic showdown between Hungary and George Soros is rapidly approaching.

Three weeks after Hungary announced it would launch a crackdown on all George Soros-funded non-governmental organizations, the country's foreign minister doubled down, and told RT that the activities of NGOs funded by George Soros in Hungary are “anti-democratic,” as they want to undermine the government in Budapest.

Hungarian Foreign Minister Accuses Soros Of Seeking To Bring Down His Government

dc CB 00:42 GMT January 31, 2017
The US media and other rascals are undermining Trump and introducing Mkt. instability.

Investor's Business Daily Editorial

Politics: Three months ago, Candidate Trump promised that on Day One of his presidency he would, if elected, "suspend immigration from terror-prone regions where vetting cannot safely occur." President Trump didn't get around to that until Day Seven, which means he was a week late. Yet everyone is acting as if this all came out of the blue.

Are We Going To Freak Out Every Time Trump Does What He Promised?

GVI Forex Jay Meisler 00:29 GMT January 31, 2017
Free Trading Pattern Alerts

EURUSD pattern extended to 4 days on Tuesday.

Tell us about your trading and receive a free one month access to our new Trading Patterns Alerts service, where we send you alerts to patterns we uncover as they unfold.

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Regards,

Jay Meisler

GVI Forex Jay Meisler 00:21 GMT January 31, 2017
Tuesday Trading Ideas