Forex Forum Archive for 10/24/2018

Livingston nh 23:28 GMT October 24, 2018
s&p

SPX 2640 is a 10% drop (i.e. correction) - below this gets serious BUT it's a no news correction (birds on a wire) // 10 yr yield needs to bounce back above 3.20 when stox bounce

STOX need an excuse to pop - my bet is BANKS go higher

dc CB 22:25 GMT October 24, 2018
Braking NUZ

nothing to see here.

On TV

lkwd jj 20:54 GMT October 24, 2018
usdjpy
Reply   
slight shs pattern on 4h suggesting 111, but first it must get through 111.94 or all bets are off.

dc CB 20:29 GMT October 24, 2018
Braking NUZ

It's all Trump's fault.---CNN
++++++++++++++++++++++++++++++++++++++
Paul Sperry @paulsperry_
BREAKING: Authorities have determined that some of the bombs were FAKE, not operable, designed as an elaborate stunt
3:45 PM - Oct 24, 2018

JenniferW @JenWoodruff79
Shocking. Jeff Zucker and CNN is blaming Trump for something with ZERO evidence. In other words it’s just another day at fake news CNN.
4:11 PM - Oct 24, 2018

CNN

dc CB 20:23 GMT October 24, 2018
Braking NUZ

TSLA
Musk pull another rabbit out of the hat

london red 20:18 GMT October 24, 2018
s&p

mar/nov '16 lows
feb and april lows of this year on the wkly.

lkwd jj 20:12 GMT October 24, 2018
s&p
Reply   
now negative for the year 2018....2668.25 was close 12/29/2017

lkwd jj 20:12 GMT October 24, 2018
s&p
Reply   
now negative for the year 2018....2668.25 was close 12/29/2017

GVI Trader john 20:09 GMT October 24, 2018
Thursday Trading Checklist 25 October 2018

For AT Trading

See the Amazing Trader Live!

GVI EURUSD MACRO TREND Bias:
NEGATIVE
Spot EURUSD: 1.1387
Pivot Point: 1.1467

This Week: 1.1380-1.1550
Wed: 1.1380-1.1476
Tue: 1.1439-1.1493
Mon: 1.1456-1.1550

Fri: 1.1433-1.1534
Thu: 1.1452-1.1527

20-day avg: 1.1528
50-day avg: 1.1589
100-day avg: 1.1616
200-day avg: 1.1897

Global-View Daily Trading Chart Points

Fed 25bp hike odds for Dec 19: 78% (88%).

GVI Trader john 20:08 GMT October 24, 2018
Thursday Trading Checklist 25 October 2018

Late Wednesday
DJ -608 -2.4%
S&P -84 -3.1%
Nas -329 -4.4%

10-yr 3.100%

lkwd jj 20:06 GMT October 24, 2018
BREAKING NEWS

can you better describe what you mean by "channel" or link a chart , please ?

london red 20:01 GMT October 24, 2018
BREAKING NEWS

2630 and 2616 cash are the two channels to watch. folks in there are going to have stops under 2575 for those. below 2575 is going to be a fast mkt absolute carnage but, i dont expect a wkly close under 2575 in fact it would surprising to get a wkly close under the 2616/30 channels. if u do get it, it opens up a few hundred pt downside on s&p, a double top.

london red 19:57 GMT October 24, 2018
BREAKING NEWS

a red candle with a close at the low points to a lower low the next day... if done early, they can reverse up. but if they bounce first, then they will go lower into the close again.

dc CB 19:55 GMT October 24, 2018
Braking NUZ
Reply   
funny - but I guess because it wasn't about Missy May and Brexit, if will have no effect on the MarkIts --- as seen from GVI.
+++++++++++++++++++++++++++++++++++++++++++++++
BOMBS SENT TO CLINTON, OBAMA
CNN SCARE
ALL Explosive Devices Linked...
Packages Listed Wasserman Schultz As Return Address...
Eric Holder Delivery Returned to Sender...
CNN Says John Brennan Was Target...
Envelope containing white powder...
Capitol Police Investigating One Addressed to Maxine Waters...
Cuomo Falsely Claims He Got One...
NYPD Sends Officers To Media Outlets Across City...
UPDATE: No suspicious parcel addressed to White House...
Pipe Bombs at Soros Home, CNN 'Hand-Delivered'...

GVI Trader john 19:55 GMT October 24, 2018
Thursday Trading Checklist 25 October 2018

Risk Off
DJ -522
10s 2.105%

lkwd jj 19:52 GMT October 24, 2018
BREAKING NEWS

below that now .. i guess we need to see close below there to validate. unless one is a computer , why would be the rationale to be buying stox/futures now ? when we get closes at or very near the bottom of the day , the next day has a rough start to it...

london red 19:50 GMT October 24, 2018
BREAKING NEWS

2630 can happen even tonite now that fib bust

london red 19:34 GMT October 24, 2018
BREAKING NEWS

2674 cash key lvl for snp. leaks to 2630 channel quite quickly if bust. channel line shud see a futures led bounce tom morn if seen. all cash levels by the way.

lkwd jj 19:30 GMT October 24, 2018
usdjpy
Reply   
maybe yen bulls will wake up as we get closer to 112 and punch out 111.94. getting interesting ...stox are in meltdown mode as nasdaq drops +250

GVI Forex Blog 19:19 GMT October 24, 2018
Chart Points: Free Forex Database For 24 October 2018
Reply   

Global-View Free FX Database. High-Low-Close data for more than a dozen currency pairs for over seventeen years of data in an Excel spreadsheet format.

Global-View Daily Trading Chart Points

Chart Points: Free Forex Database For 24 October 2018

GVI Forex Blog 18:34 GMT October 24, 2018
Thursday Trading Checklist 25 October 2018
Reply   

GVI Trading. Potential Price Risk Scale
AA: Major, A: High, B: Medium

Thu 25 Oct 2018
A 08:00 DE- IFO Survey
AA 11:45 EZ- European Central Bank Decision
A 12:30 US- Durable Goods
A 12:30 US- Weekly Jobless
AA 18:00 US- Fed Policy Minutes
AA 18:00 US- Beige Book
Fri 26 Oct 2018
AA 12:30 US- GDP
A 14:00 US- Final Univ of Michigan

John M. Bland, MBA
co-founding Partner, Global-View.com

---

Thursday Trading Checklist 25 October 2018

GVI Trader john 18:05 GMT October 24, 2018
fed

No surprises. Keep in mind that this is anecdotal reporting.

GVI 18:04 GMT October 24, 2018
BREAKING NEWS

FEDERAL RESERVE BEIGE BOOK: WAGE GROWTH MOSTLY CHARACTERIZED AS MODEST OR MODERATE - Economy expanded at modest to moderate pace through mid-Oct - Many firms reported high turnover rates, difficulty retaining workers - Several districts reported manufacturers faced rising materials, shipping costs - Prices continued to rise, growing at a modest to moderate pace in all Districts

- Source TradeTheNews.com

lkwd jj 18:00 GMT October 24, 2018
fed
Reply   
any surprises in this beige book report ?

GVI Trader john 17:59 GMT October 24, 2018
Wednesday Trading Checklist 24 October 2018

DJ -228
10s 3.122%

GVI 17:57 GMT October 24, 2018
BREAKING NEWS

Conservative MP: in meeting with backbench Tories, PM May gave several examples of what concessions EU had made to Britain - Former Interior Min Rudd: May spoke 'quote emotionally' in meeting about why she was doing this for the country; people spoke freely to her about concerns but wanted to make sure she knows she has their support


- Source TradeTheNews.com

GVI Trader john 17:45 GMT October 24, 2018
Equities Lower. 10-yr Yields Down. FX: USD Up & EUR Down

Risk-Off

GVI Forex Blog 17:45 GMT October 24, 2018
Equities Lower. 10-yr Yields Down. FX: USD Up & EUR Down
Reply   

Equities Lower. 10-yr Yields Down. FX: USD Up & EUR Down

GVI Forex Blog 17:22 GMT October 24, 2018
Eurozone Flash PMIs Point To An Economic Slowdown
Reply   

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

Weak Flash Manufacturing PMIs in Europe Those who follow these articles will know that I am a strong supporter of the monthly PMI (purchasing Manager Index) reports. I readily acknowledge that they are not “hard” data, but they are done across a wide range of economies and use a consistent methodology every month. I like to look these for their general path on a monthly and comparative basis. I tend not to focus too sharply on the exact readings, but they do tend to tell a story over time. I prefer the manufacturing PMIs rather than the service sector indices even for the developed economies because I feel that the manufacturing sector tends to be more in tune with the current state of economic activity... MORE

Eurozone Flash PMIs Point To An Economic Slowdown

Mtl JP 17:06 GMT October 24, 2018
Wednesday Trading Checklist 24 October 2018



DOLLAR / CHINESE 6.950 (double top)
continues to be plain making a dunce out of munchkin and President Trump

Mtl JP 16:59 GMT October 24, 2018
usdcad

Jay I am not gunning for it to close.
currently I stick to my plan in 16:37
-
besides I think tis the season for usd to go seasonally offered

GVI Forex Jay Meisler 16:57 GMT October 24, 2018
Amazing Trader Update
Reply   
GBPUSD 1.2880

With 1.2895 AT support cleared, next target is 1.2785 if the break holds

The Amazing Trader always gives you levels and patterns to trade. .

The Amazing Trader

Mtl JP 16:52 GMT October 24, 2018
usdcad

CAD 16:44 ultimately it matters to me about as much as the number of hairs on ur donkey, i.e not at all. I had no idea that the type of Q I am allowed to ask u is pre-conditional on the type of Qtn u ask. I apologize.

GVI Forex Jay Meisler 16:51 GMT October 24, 2018
usdcad

That's the one and I know your theory on gaps.

Mtl JP 16:47 GMT October 24, 2018
usdcad



JM to me there appears only one gap over 20 pips
u ?

Toronto CAD 16:46 GMT October 24, 2018
usdcad

I can make a case for 1.29-1.31

Toronto CAD 16:44 GMT October 24, 2018
usdcad

What does that matter to you? I don't ask you what type of trader you are.

Mtl JP 16:41 GMT October 24, 2018
usdcad

CAD I ll let GV hand out the welcome tea and biscuits to you.
-
u demo or live trading ? (I assume retail)

NY JM 16:40 GMT October 24, 2018
usdcad

JP, showing gaps on various time frames after the BoC decision.

lkwd jj 16:39 GMT October 24, 2018
markets
Reply   
looks like usd winning tug of war with gold as markets slip.

Mtl JP 16:37 GMT October 24, 2018
usdcad



USDCAD 1.2980-ish
puppy has decidedly rejected channel's upper line
and is busting south of 100dam with ease.

Bottom Line
Sell rallies for 1.27 trt

Toronto CAD 16:35 GMT October 24, 2018
usdcad

To start a discussion. I am new here.

Mtl JP 16:28 GMT October 24, 2018
usdcad

CAD little late to be asking that Qtn *v"
and to what purpose anyway ?

Toronto CAD 16:18 GMT October 24, 2018
usdcad
Reply   
Is anyone on the usdcad runaway train?

haifa ac 16:12 GMT October 24, 2018
Nasdaq already has had 400

already 540 points.

GVI Forex Jay Meisler 15:45 GMT October 24, 2018
Where is the EURUSD headed next?

I suggest clicking on this thread (click on the subject) -- nothing has changed

haifa ac 15:12 GMT October 24, 2018
Nasdaq already has had 400

already 360 points swings and the day is young.
Again, this is BIG MONEY playing.

lkwd jj 14:48 GMT October 24, 2018
BREAKING NEWS

looking for retest of 68 before it slides to 60

GVI Trader john 14:45 GMT October 24, 2018
Wednesday Trading Checklist 24 October 2018

DJ -69
3.120%

GVI Trader john 14:36 GMT October 24, 2018
BREAKING NEWS

Crude about flat after mixed inventory data.

GVI Trader john 14:35 GMT October 24, 2018
BREAKING NEWS

US EIA Weekly Inventories

U.S. Data Charts





NEWS ALERT
Crude Oil: +6.300 vs. +2.600 exp vs. +5.900 prev.
Distillates: -2.300 vs. -2.000 exp vs. +0.030 prev.
Gasoline: -4.800 vs. -1.100 exp vs. -2.700 prev.



Weekly Petroleum Status Report


TTN: Live News Special Offer

GVI Forex Blog 14:31 GMT October 24, 2018
BREAKING NEWS: U.S. Flash Market PMIs Better in October 2018
Reply   
U.S. flash Markit Mfg & Service PMI. October 2018 data beat vs. estimates. These remain second-tier releases. Final data come out at the start of the new month.

BREAKING NEWS: U.S. Flash Market PMIs Better in October 2018

GVI Forex Blog 14:23 GMT October 24, 2018
BREAKING NEWS: U.S. New Homes Sales Miss In September 2018
Reply   
September 2018 New Homes Sales. Big Miss. Previous data revised lower.

BREAKING NEWS: U.S. New Homes Sales Miss In September 2018

GVI Trader john 14:11 GMT October 24, 2018
BREAKING NEWS

U.S. New Home Sales September, 2018

ALERT
553vs. 625K exp. vs. 629K (r 585K) prev.


New Residential Sales

---

TTN: Live News Special Offer

GVI Trader john 14:07 GMT October 24, 2018
BREAKING NEWS

BOC statement seen as hawkish

GVI Forex 14:07 GMT October 24, 2018
BREAKING NEWS

BoC more hawkish by removing word "gradual" from path of future rate hikes (USDCAD lower)

GVI Trader john 14:06 GMT October 24, 2018
BREAKING NEWS

October 24, 2018 Bank of Canada Policy Decision

ALERT
Target Rate upp +25bps to 1.75%.

RELEASE: Bank of Canada

---

TTN: Live News Special Offer

GVI Trader john 13:45 GMT October 24, 2018
BREAKING NEWS

U.S. flash Markit Mfg & SVC PMI October 2018

ALERT
mfg: 55.9 vs. 55.4 exp. vs. 55.6 prev.
svc: 54.7 vs. 54.0 exp. vs. 53.5 prev.

---

TTN: Live News Special Offer

Markit PMI Press Release

HK [email protected] 13:32 GMT October 24, 2018
Maybe not so popular view, but need to watch...
Reply   
.
From here; A Euro rise back to 1.1830.

Livingston nh 13:00 GMT October 24, 2018
Wednesday Trading Checklist 24 October 2018

JP - President Trump is reprising his ever popular comedy routine substituting Powell for Sessions/Rosenstein - not "serious consequences" (a new one liner)

Dubai MA 12:55 GMT October 24, 2018
Where is the EURUSD headed next?

Thanks Red. Offers probably lined up at 1.1430 but hard level to reach.

Mtl JP 12:24 GMT October 24, 2018
Wednesday Trading Checklist 24 October 2018

tic toc tic toc

Kids... anyone care to prognosticate
1) odds on the winner (Donald vs Jerome)
2) the timeline

Wall Street Journal Interview Oct 23 2018
"Trump Steps Up Attacks on Fed Chairman Jerome Powell"

PPresident says central banker ‘almost looks like he’s happy raising interest rates’

GVI Forex Jay Meisler 12:05 GMT October 24, 2018
What is the Amazing Trader
Reply   
I was asked just now what is the Amazing Trader and why someone needs it to trade. See my reply in the following video:

The Amazing Trader

london red 10:50 GMT October 24, 2018
Where is the EURUSD headed next?

you can try a pullback to 11430 stop would need to be 11482. add through 114 and lower stop to 11435 with tgt of 11360. maybe.

Dubai MA 10:47 GMT October 24, 2018
Where is the EURUSD headed next?

Any ideas for a E/$ sell level?

plovdiv gotin 09:50 GMT October 24, 2018
e/$
Reply   
1M $ question. 1.1201

GVI Forex Jay Meisler 09:45 GMT October 24, 2018
Where is the EURUSD headed next?
Reply   

Contact us

The Amazing Trader

GVI Trader john 09:43 GMT October 24, 2018
Wednesday Trading Checklist 24 October 2018

Bank of Canada +25bp rate hike to 1.75% has been fully priced in the money markets for today. The CAD often has an outsized reaction to data.

Tomorrow sees an ECB decision. No policy changes are expected, although I have noted that President Draghi often comments on recent PMI data. You can see on the FF that EZ PMI have been in a sustained downtrend for the better part of the year for manufacturing data. Policy normalization might have to be put on hold?

GVI Trader john 09:30 GMT October 24, 2018
BREAKING NEWS

Unusually strong reaction to weaker than expected EZ flash PMIs for October earlier. See data below. France Service PMI was the only outlier (stronger).

GVI Trader john 08:51 GMT October 24, 2018
Wednesday Trading Checklist 24 October 2018

Early Developing Risk-off
DJ -160
10s 3.130%

GVI Trader john 08:33 GMT October 24, 2018
Wednesday Trading Checklist 24 October 2018

For AT Trading

See the Amazing Trader Live!

GVI EURUSD MACRO TREND Bias:
NEGATIVE
Spot EURUSD: 1.1419
Pivot Point: 1.1467

This Week: 1.1416-1.1550
Wed: 1.1416-1.1476
Tue: 1.1439-1.1493
Mon: 1.1456-1.1550

Fri: 1.1433-1.1534
Thu: 1.1452-1.1527

20-day avg: 1.1547
50-day avg: 1.1589
100-day avg: 1.1619
200-day avg: 1.1901

Global-View Daily Trading Chart Points

Fed 25bp hike odds for Dec 19: 88% (90%).

10-yr Bonds
US: 3.145% -0.9bp
DE: 0.405% -1.1
GB: 1.473% -1.0
JP: 0.133% -1.8

DAX: +11
Implied Open
DJ: -116
SP: -18.3

---

See the Amazing Trader Live!

GVI Forex Blog 08:25 GMT October 24, 2018
Equities Higher. 10-Yr Bond Yields Down. FX: USD Up And EUR Down
Reply   

Equities Higher. 10-Yr Bond Yields Down. FX: USD Up And EUR Down

GVI Forex Blog 08:17 GMT October 24, 2018
BREAKING NEWS: E.Z. Flash PMIs Mostly Weaker In October 2018
Reply   

EZ flash October 2018 PMIs Manufacturing PMIs weak. Flash October Services PMIs weak except France. Final PMIs are released at the start of each new month.

BREAKING NEWS: E.Z. Flash PMIs Mostly Weaker In October 2018

GVI Trader john 08:02 GMT October 24, 2018
BREAKING NEWS

EZ Flash PMIs October 2018

ALERT
EZ
mfg: 52.1 vs. 53.0 exp. vs. 53.2 prev.
svc: 53.3 vs. 54.7 exp. vs. 54.8 prev.

German
mfg: 52.3 vs. 53.5 exp. vs. 53.7 prev.
svc: 53.6 vs. 55.5 exp. vs. 55.9 prev.

France
mfg: 51.2 vs. 52.4 exp. vs. 52.5 prev.
svc: 55.6 vs. 54.7 exp. vs. 54.8 prev.


Markit PMI Press Release

---

TTN: Live News Special Offer

london red 07:56 GMT October 24, 2018
Where will EURUSD aWhnd GBPUSD Close?

while hourly high unbeaten, can fade bounce for a retest of 11430. not sure it can break on this first test but if stays below that high and is limited to high 50's 60's, then can try once more for a break of 30 to test 114 and ultimately the mid 113's

GVI Forex Blog 07:39 GMT October 24, 2018
Wednesday Trading Checklist 24 October 2018
Reply   

GVI Trading. Potential Price Risk Scale
AA: Major, A: High, B: Medium

Wed 24 Oct 2018
AAll Day Flash PMIs
A 12:30 US- Productivity
A 14:00 CA- Bank Of Canada Decision
A 14:30 US- EIA Crude
Thu 25 Oct 2018
A 08:00 DE- IFO Survey
AA 11:45 EZ- European Central Bank Decision
A 12:30 US- Durable Goods
A 12:30 US- Weekly Jobless
AA 18:00 US- Fed Policy Minutes
AA 18:00 US- Beige Book
Fri 26 Oct 2018
AA 12:30 US- GDP
A 14:00 US- Final Univ of Michigan

John M. Bland, MBA
co-founding Partner, Global-View.com

---

Wednesday Trading Checklist 24 October 2018

london red 07:20 GMT October 24, 2018
Where will EURUSD aWhnd GBPUSD Close?

soft pmis may take euro towards 11430. mkts nervous enough as they are, unlikely anything will be given benefit of doubt for now.

HK [email protected] 04:48 GMT October 24, 2018
Where will EURUSD aWhnd GBPUSD Close?

.
I suspect the Euro will remain locked for today in the

[1.1450,1.1500] band.

dc CB 00:39 GMT October 24, 2018
Rubber Band Trade in Real-Time with Post Mortem

nh's Dumb and Dumber trade takes the cake.
Low stress, sit-on-hands and don't f^k it up.
Cheers

the man calls the Top

GVI Jay 00:29 GMT October 24, 2018
Where will EURUSD aWhnd GBPUSD Close?
Reply   
...
Entry: Target: Stop:

Post your opinion

EURUSD: above or below 1.15

GBPUSD: above or below 1.30