Forex Forum Archive for 08/06/2018

Mtl JP 22:06 GMT August 6, 2018
Monday Trading Checklist 6 August 2018

I missed this Presidential commentary earlier:

"Trump told an audience of diehard supporters on Saturday that playing hardball on trade is “my thing.”

“We have really rebuilt China, and it’s time that we rebuild our own country now,” Trump said Saturday

Rather unusual for a politician to claim ownership of something unless it is post-fact and is shining.

Mtl JP 21:51 GMT August 6, 2018
Monday Trading Checklist 6 August 2018

“I think rates should be 4 percent today,” Dimon said Saturday at the Aspen Institute’s 25th Annual Summer Celebration Gala. “You better be prepared to deal with rates 5 percent or higher - it’s a higher probability than most people think.”

Jamie Dimon Warns of 5% Treasury Yields

Mtl JP 21:39 GMT August 6, 2018
Monday Trading Checklist 6 August 2018

ya mean to ask me what I think wud happen to three-year, 10-year and 30-year paper throughout the week, totaling $78 billion over the next four trading sessions ?

A: they will sell
munchkin will make sure

GVI Trader john 20:37 GMT August 6, 2018
Tuesday Trading Checklist 7 August 2018

For AT Trading

See the Amazing Trader Live!

GVI EURUSD MACRO TREND Bias:

NEUTRAL-NEGATIVE
Spot EURUSD: 1.1555
Pivot Point: 1.1552

Last Week: 1.1530-1.1571
Mon: 1.1530-1.1571
Fri: 1.1560-1.1510
Thu: 1.1584-1.1667
Wed: 1.1657-1.1699

20-day avg: 1.1667
50-day avg: 1.1669
100-day avg: 1.1895
200-day avg: 1.1980

Global-View Daily Trading Chart Points

Fed 25bp hike odds for Sep 26: 98% (98%)

dc CB 20:37 GMT August 6, 2018
Monday Trading Checklist 6 August 2018

there is a YUGE Auction of US debt this week...3, then 10s, then 30s
What do you think wud happen. "Folks" writing about this have no clue and will Never imply ...

Your friend,
Manny I Pulation
At the Beach.

Mtl JP 20:23 GMT August 6, 2018
Monday Trading Checklist 6 August 2018

linger schmingler

Report out that "10-year, 30-year bond yields hit lowest in about 2 weeks as trade tensions linger "

Imagine if trade tension either intensify OR suddenly everybody makesup and erupts in high-5s and friendly hugs !

Mtl JP 20:16 GMT August 6, 2018
Monday Trading Checklist 6 August 2018

Reports out that
S&P 500 finishes 0.7% from its all-time peak

GVI Forex Blog 19:11 GMT August 6, 2018
Chart Points: Free Forex Database For 6 August 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 6 August 2018

GVI Forex Blog 18:07 GMT August 6, 2018
Tuesday Trading Checklist 7 August 2018
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GVI Trading. Potential Price Risk Scale
AA: Major, A: High, B: Medium

Tue 7 Aug 2018
AA Reserve Bank Of Australia
Wed 8 Aug 2018
A 12:30 US- PPI
A 14:30 US- EIA Crude
A 21:00 NZ- RBNZ Decision
Thu 9 Aug 2018
A 12:30 US- Weekly Jobless
A 23:50 JP- GDP
Fri 10 Aug 2018
A 08:30 GB- GDP
AA 12:30 US- CPI
A 12:30 CA- Employment

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

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Tuesday Trading Checklist 7 August 2018

PAR 16:18 GMT August 6, 2018
TRUMP
Reply   
Great financial numbers being announced on an almost daily basis. Economy has never been better, jobs at best point in history. Fixing our terrible Trade Deals is a priority-and going very well. Immigration on Merit Based System to take care of the companies coming back to U.S.A.

Mtl JP 15:53 GMT August 6, 2018
Monday Trading Checklist 6 August 2018

In Good Trader form:

"China has time to fight to the end. Time will prove that the US eventually makes a fool of itself." - from the link to Kudlow should piece in my 09:38

Noteworthy use of verbs in Simple Future so have to allow for and respect that. Place your bets ladies n gents.

GVI Forex Blog 15:48 GMT August 6, 2018
Equities Mixed. 10-yr Yields Higher. FX: EUR Mixed And USD Up
Reply   

Equities Mixed. 10-yr Yields Higher. FX: EUR Mixed And USD Up

Mtl JP 15:35 GMT August 6, 2018
Monday Trading Checklist 6 August 2018



It appears Xi (and Yi Gang) are still behaving badly

Mtl JP 15:18 GMT August 6, 2018
Monday Trading Checklist 6 August 2018

@realDonaldTrump
Follow Follow @realDonaldTrump

... Fixing our terrible Trade Deals is a priority-and going very well. ....

7:52 AM - 6 Aug 2018

Donald J. Trump
Verified account

Mtl JP 14:36 GMT August 6, 2018
Monday Trading Checklist 6 August 2018

China’s decision Friday to retaliate against the Trump administration’s planned 25% tariffs on $200 billion of Chinese imports instead of waiting for a World Trade Organization ruling shows the country “can’t long endure a trade war,” the head of the Alliance for American Manufacturing said Friday.

“They can’t long endure a trade war,” said Scott Paul, president of Alliance for American Manufacturing. He explained rounds of countermeasures that “China’s economy, really export-dependent, is going to feel a lot of pain.”

But will "feel a lot pain" be nuff pain to correct Xi's hard of hearing condition?

more opinions here

GVI Trader Jay Meisler 13:41 GMT August 6, 2018
Monday Trading Checklist 6 August 2018

GBPUSD 1.2930

Current AT supports (if it stays below 1.2957):

1.2898
1.2850
1.2772

Selling appears to be coming from heightened concerns out of a no Brexit deal (note firmer EURGBP)

The Amazing Trader

GVI Trader Jay Meisler 13:19 GMT August 6, 2018
Monday Trading Checklist 6 August 2018

EURUSD 1.1548

So far a failure above 1.1527 (cuted earlier on the GVI Forex /AT forum), all highlighted by the AT directional indicator pattern pointing to a bounce. Now 1.1550 is clearly pivotal with key res at the 1.1570 HOD.

The Amazing Trader

Mtl JP 12:51 GMT August 6, 2018
Monday Trading Checklist 6 August 2018

fwiw canadian bank traders are off today wallowing in some civic holiday

bali sja 11:52 GMT August 6, 2018
cable
Reply   
now well below 1.30, chance for 1.26-1.27

USA ZEUS 11:15 GMT August 6, 2018
GBP/CAD
Reply   
Long GBP/CAD with size at 1.6842

Cheers!

USA ZEUS 11:12 GMT August 6, 2018
EUR/CAD

Long EUR/CAD allocation added with size at 1.5017

Happy Monday!

GVI Trader Jay Meisler 10:55 GMT August 6, 2018
EURUSD 1.16
Reply   
I gave the clue last Thursday posted here and sent by email)confirmed on Friday with a close below 1.16 for the first time in over a year.

EURUSD Trading Pattern

Mtl JP 09:38 GMT August 6, 2018
Monday Trading Checklist 6 August 2018

USDCNY 6,8564 slightly uP from earlier 6,8235 low

Good morning kids !

Referring to an OP-ED in GlobalTimes.cn that
Kudlow should understand China's firm will

Barbara Kollmeyer pens that

"China is ready to dig in for a "protracted" war with the U.S. over trade, said an editorial over the weekend in China's Global Times newspaper, known for its nationalistic views. The comments in the paper came after China on Friday announced retaliatory tariffs on $60 billion worth of U.S. products. The editorial took specific aim at White House economic adviser Larry Kudlow, who brushed aside China's latest move as a "weak response," to the U.S.'s planned 25% tariffs on $200 billion of Chinese imports. "The two numbers, $200 billion and $60 billion, don't show an imbalanced, interdependent economic relationship, but rather that Washington has lost its mind on trade while China retains its rationality. The U.S. is trying to conclude the trade disputes swiftly, but China is prepared for a protracted war," the editorial said. President Donald Trump tweeted over the weekend that tariffs are "working big time." " in a piece she titles

U.S. has 'lost its mind' over trade, Beijing ready for long fight: Chinese newspaper

GVI Trader john 08:31 GMT August 6, 2018
Monday Trading Checklist


For AT Trading

See the Amazing Trader Live!

GVI EURUSD MACRO TREND Bias:

NEUTRAL-Negative
Spot EURUSD: 1.1560
Pivot Point: 1.1582

Last Week: 1.1560-1.1745
Mon: 1.1550-1.1571
Fri: 1.1560-1.1610
Thu: 1.1584-1.1667
Wed: 1.1657-1.1699

20-day avg: 1.1677
50-day avg: 1.1671
100-day avg: 1.1903
200-day avg: 1.1980

Global-View Daily Trading Chart Points

Fed 25bp hike odds for Sep 26: 98% (100%)

10-yr Bonds
US: 2.949% -0.7bp
DE: 0.408% 0.0bp
GB: 1.323% -0.6bp
JP: 0.107% +0.2bp

DAX: -56
Implied Open
DJ: -21
SP: -2.2

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PAR 08:26 GMT August 6, 2018
ITALY
Reply   
ITALY'S DEPUTY PM DI MAIO SAYS RESPECTING FISCAL RULES IS NOT THE PRIORITY IN NEXT BUDGET - Reuters News

GVI Forex Blog 08:21 GMT August 6, 2018
Equities Mixed. 10-yr Yields Mixed. FX: EUR Mixed And USD Up
Reply   

Equities Mixed. 10-yr Yields Mixed. FX: EUR Mixed And USD Up

GVI Forex Blog 07:59 GMT August 6, 2018
Monday Trading Checklist 6 August 2018
Reply   

Register To Test Your Amazing Trader

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

Mon 6 Aug 2018
AA CA- Holiday
Tue 7 Aug 2018
AA Reserve Bank Of Australia
Wed 8 Aug 2018
A 12:30 US- PPI
A 14:30 US- EIA Crude
A 21:00 NZ- RBNZ Decision
Thu 9 Aug 2018
A 12:30 US- Weekly Jobless
A 23:50 JP- GDP
Fri 10 Aug 2018
A 08:30 GB- GDP
AA 12:30 US- CPI
A 12:30 CA- Employment

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

---

Monday Trading Checklist 6 August 2018

bali sja 07:20 GMT August 6, 2018
Monday Trading Checklist

GV macro trend bias for euro is still neutral at 1.15 even after drop from 1.17? last time it happened it was negative....got prisoner?

bali sja 03:16 GMT August 6, 2018
Monday Trading Checklist 6 August 2018

JP, they once said: be careful of what you wish for....

Mtl JP 00:26 GMT August 6, 2018
Monday Trading Checklist 6 August 2018



Unfortunately
usdx dead in water at 95
more unfortunately:
USD/YUAN still sub 7 at 6.8480-ish

just wasting time