Forex Forum Archive for 01/08/2019

GVI Trader john 21:01 GMT January 8, 2019
Wednesday Trading Strategy 9 January 2019


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GVI EURUSD MACRO TREND Bias:
NEUTRAL-POSITIVE
Spot EURUSD: 1.1439
Pivot Point: 1.1449

This Week: 1.1397-1.1486
Tue: 1.1423-1.1486
Mon: 1.1397-1.1485
Fri: 1.1346-1.1420
Thu: 1.1310-1.1411


20-day avg: 1.1396
50-day avg: 1.1375
100-day avg: 1.1480
200-day avg: 1.1637

Global-View Daily Trading Chart Points

Odds 25bp funds hike on Jan 30, 2019 = 0% (0%).

GVI Forex Blog 20:01 GMT January 8, 2019
Chart Points: Free Forex Database For 8 January 2019
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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 8 January 2019

GVI 19:09 GMT January 8, 2019
BREAKING NEWS:

Parliament votes 303-296 for amendment that will restrict tax powers in a 'no deal' Brexit - Opponents of a 'no deal' Brexit defeat the May govt in the vote on the amendment which creates an additional barrier to a 'no deal' Brexit

- Source TradeTheNews.com

nw kw 18:11 GMT January 8, 2019
Tuesday Trading Highlights 7 January 2019

can. gdp will bloom from new grane oil cars, big time change, tar oil to moon. eurcad,, audcad, mxn oil up in price to.

nw kw 18:05 GMT January 8, 2019
Tuesday Trading Highlights 7 January 2019

this month starts Alberta drilling rig cuts out put but not in tare oil which is rehiring giving unemployment a big cap// BC in dumps hosing market. poss. no hike. oil up

GVI Trader john 17:35 GMT January 8, 2019
Tuesday Trading Highlights 7 January 2019

Markets have no rate hikes priced in for the next year from the Bank of Canada. Nevertheless, keep an eye on Oil.

GVI Forex 17:31 GMT January 8, 2019
Tuesday Trading Highlights 7 January 2019

Look at EURGBP for the flow driving the market.

GVI Forex Blog 17:27 GMT January 8, 2019
Wednesday Trading Strategy 9 January 2019
Reply   

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

Wed 9 Jan 2019
AA 15:00 CA- Bank Of Canada Decision
A 16:00 US- EIA Crude
AA 15:00 US- Fed Minutes
Thu 10 Jan 2019
AA 09:30 GB- GDP
A 13:30 US- Weekly Jobless
Fri 11 Jan 2019
A 09:30 GB- Trade/Output
AA 13:30 US- CPI

Wednesday Trading Strategy 9 January 2019

GVI Trader john 17:14 GMT January 8, 2019
Tuesday Trading Highlights 7 January 2019

DJ +140
10s 2.707%
CO $49.85

GVI Forex Blog 16:30 GMT January 8, 2019
Equities Higher. 10-Yr Bond Yields Up FX: USD Up And EUR Mixed
Reply   

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

PAR 16:10 GMT January 8, 2019
CHINA

Talks with China are going very well!

PAR 16:07 GMT January 8, 2019
CHINA

Not so sure . Huawei is rather big in China and in the rest of the world .

But China is helping Trump by buying huge amounts of soybean .

Problem with Trump and his administration is that they have ZERO empathy . That makes life difficult with Chinese .

UK UK 16:00 GMT January 8, 2019
CHINA

But don't you think China deal is inevitable.

PAR 15:48 GMT January 8, 2019
CHINA
Reply   
Looks like China deal far away

Looks like US troops withdrawal from Syria is far away .


Trumps tweets always look a little over enthusiastic .

GVI Forex Jay Meisler 15:35 GMT January 8, 2019
Oil Direction

Also, you have access to the private Amazing Trader forum where you can communicate with us as well.

Hong OPWA 15:34 GMT January 8, 2019
Oil Direction

I was but the patterns kept going and the resistance line kept being broken

GVI Forex Jay Meisler 15:32 GMT January 8, 2019
Oil Direction

Hong OPWA , look at your Amazing Trader AUDUSD charts.

One way to look at it is last week's flash crash wiped the deck clear of sell stops and with little to go for on the downside, market squeezed the upside.

Hong OPWA 15:21 GMT January 8, 2019
Oil Direction

Sell OTHER
Entry: Target: Stop:

Thanks just been a long painful trade so far with no real out

UK JY 15:19 GMT January 8, 2019
Oil Direction

This is not to say your trades will not work out. I am just stating why we are where we are now.

UK JY 15:12 GMT January 8, 2019
Oil Direction

I forgot to add Saudis cutting output to restore some balance to oil market. It stated it wants price at $80.

UK JY 15:10 GMT January 8, 2019
Oil Direction

1) It is the start of a new year so what happened at the end of last year is old news

2) Change in Powell's tone suggests Fed will not choke off the recovery so risk on helps stocks, commodities and commodity currencies.

3) China providing some stimulus

4) Bet seems to be China-US will come to some sort of trade agreement

4) Brexit. This is the wild card and forex market needs to get past the UK vote next week.

GVI Trader john 15:02 GMT January 8, 2019
BREAKING NEWS:

November 2018 JOLTS Survey

ALERT

6.888 mn vs. 7.170mn exp vs. 7.080 mn (r 7.131 )prev.


TTN: Live News Special Offer

Hong OPWA 15:01 GMT January 8, 2019
Oil Direction
Reply   
Sell OTHER
Entry: 4840 Target: 4560 Stop:

With all the negative stock market new I was expecting a dip in Oil again. Yet is rising. What is the opinion?

Hong Kong OPWA 15:00 GMT January 8, 2019

Reply   


Sell OTHER
Entry: 7112 Target: 7080 Stop:

Where is this going, after the massive flash crash I was expecting some sort of retracement but it just keeps rising and break trend lines and resistance. Any suggestions?

Also Oil is doing the same just rising from Lows.

GVI Forex 14:53 GMT January 8, 2019
BREAKING NEWS:

09:40 (US) China/US trade talks have reportedly narrowed differences on trade, made progress on issues including purchasing more US trade goods - press
- Progress has been made but not yet prepared to finalize a trade deal
- Talks to continue later this month at the Cabinet/Ministerial level

- Source TradeTheNews.com

Amman wfakhoury 14:46 GMT January 8, 2019
GBPUSD 12745 12775
Reply   
Price will return to level 12745 and 12775 with possibility to go down to 12710.
No problem it is now 12734..
scalp buy ..then add buy if declined to 12710

The only one in the world who confirms the next level and every hour movement

GVI Forex Jay Meisler 14:22 GMT January 8, 2019
Amazing Trader Says...

S&P CFD 2574

Amazing Trader shows next key resistance at 2586. Beyond that are several layers starting at 2614 through 2687

The Amazing Trader

HK [email protected] 13:59 GMT January 8, 2019
Consider a US-China as done! Yen to the toilet.
Reply   
.
Earlier on Tuesday, China approved five genetically modified (GM) crops for import, a move seen as a "goodwill gesture" by some in the US agriculture industry that could boost China's overseas grains purchases and ease pressure from the United States to open its markets to more farm goods.
Read more at https://www.channelnewsasia.com/news/business/us-china-trade-talks-extend-into-evening-of-second-day-source-11099514

GVI Trader john 13:41 GMT January 8, 2019
US TREASURY AUCTION

The answer is yes. Not all data releases are postponed.

PAR 13:37 GMT January 8, 2019
US TREASURY AUCTION
Reply   
Can USA sell $ billions and billions of debt while the government is closed .

If they can't publish economic numbers , how can they sell bonds ?

GVI Forex Jay Meisler 13:36 GMT January 8, 2019
Amazing Trader Says...
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While this chart is being posted after the fact, I am posting it to show how EURUSD (blue line) resistance at 1.14694 was a good risk/reward level to sell against. The reason behind the trade is based on Amazing Trader logic and you can see the result was a 34 pip dip.

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PAR 13:34 GMT January 8, 2019
TRUMP
Reply   
Economic numbers looking REALLY good. Can you imagine if I had long term ZERO interest rates to play with like the past administration, rather than the rapidly raised normalized rates we have today. That would have been SO EASY! Still, markets up BIG since 2016 Election!

GVI Trader john 13:30 GMT January 8, 2019
BREAKING NEWS:

Canada (CAD bn) Trade November 2018

ALERT
Canada Trade C$ bln
-2.18 vs. -1.95 exp. vs. -1.17 (r )prev.

U.S. Balance on Goods and Services

Canadian Trade Balance

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TTN: Live News Special Offer

GVI Trader john 13:17 GMT January 8, 2019
Tuesday Trading Highlights 7 January 2019

U.S. trade figures due today delayed owing to government shutdown

GVI Forex Jay Meisler 12:01 GMT January 8, 2019
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PAR 11:58 GMT January 8, 2019
EUROPE
Reply   
Recession word is getting louder as European data continues to weaken, both soft & hard data. Eurozone economic confidence in December shows a bigger than expected decline. Headline fell to 107.3 vs 108.2 expectations and 109.5 prior. industrial confidence underperformed services

Mtl JP 11:56 GMT January 8, 2019
Tuesday Trading Highlights 7 January 2019

equities in mildly bullish tone
oil uP a bit

PAR 11:43 GMT January 8, 2019
Italy

A deeper perspective can be provided by the fact that the Italian banking laws are called the “Draghi Laws” after the President of the European Central Bank Mario Draghi. In his new role he has undertaken three policies which have helped the Italian banks. They have been particularly large beneficiaries of his liquidity operations called TLTROs which have provided cheap ( the deposit rate is -0.4%) for banks. Then the QE programme boosted the price of Italian government bonds benefiting the Italian banks large holdings. Then more opaquely at least in terms of media analysis it bought covered bonds ( mortgage bonds) in three phases and still holds around 271 billion Euros of them.

Italian Banks

GVI Trader john 11:34 GMT January 8, 2019
Tuesday Trading Highlights 7 January 2019

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GVI EURUSD MACRO TREND Bias:
NEUTRAL-POSITIVE
Spot EURUSD: 1.1447
Pivot Point: 1.1453

This Week: 1.1397-1.1485
Tue: 1.1432-1.1484
Mon: 1.1397-1.1485
Fri: 1.1346-1.1420
Thu: 1.1310-1.1411


20-day avg: 1.1391
50-day avg: 1.1373
100-day avg: 1.1480
200-day avg: 1.1641

Global-View Daily Trading Chart Points

Odds 25bp funds hike on Jan 30, 2019 = 2% (0%).

10-yr Bonds
US: 2.694% +1.9bp
DE: 0.228% +1.0
GB: 1.265% +0.8
JP: 0.001% -0.9

DAX: +78
Implied Open
DJ: +153
SP: +14.9

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PAR 11:27 GMT January 8, 2019
Italy
Reply   
Just extraordinary --> Italy’s populist government opens the door to a bank bailout for Carige, in ‘close coordination’ with the EU institutions. This decision comes after numberless pledges from 5 Star not to give any more money to the banks (in IT)

GVI Trader john 11:22 GMT January 8, 2019
Tuesday Trading Highlights 8 January 2019

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

Tue 8 Jan 2019
A 13:30 US/CA- Trade
Wed 9 Jan 2019
AA 15:00 CA- Bank Of Canada Decision
A 16:00 US- EIA Crude
AA 15:00 US- Fed Minutes
Thu 10 Jan 2019
AA 09:30 GB- GDP
A 13:30 US- Weekly Jobless
Fri 11 Jan 2019
A 09:30 GB- Trade/Output
AA 13:30 US- CPI

GVI Forex Blog 11:20 GMT January 8, 2019
Equities Higher. 10-Yr Bond Yields Down. FX: USD Up And EUR Down. WTI Up
Reply   

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

Mtl JP 11:12 GMT January 8, 2019
BREAKING NEWS:

French princes planning to introduce harsh new laws designed to guell unauthorized protests

PAR 10:29 GMT January 8, 2019
ECB DRAGHI=PONZI=MAFIA
Reply   
No discussion on new ECB president till after European elections.

london red 09:18 GMT January 8, 2019
EURUSD

euro. key res by 11500/11515 with cloud and fib alignment. triple top if cannot break so volatility set to increase in this pair.

PAR 08:39 GMT January 8, 2019
EURUSD
Reply   
Long EURUSD 1.1440 . Stop 1.1425 .

Amman wfakhoury 08:05 GMT January 8, 2019
GBPUSD 12755

Amman wfakhoury 16:33 GMT 01/07/2019
1.2755 consolidation level..price up or down will return to it


12755 reached several times ..call ended

PAR 08:04 GMT January 8, 2019
ECB DRAGHI=PONZI=MAFIA
Reply   
As always . Italy saving bankrupt bank with taxpayers money .

For Italy European rules never apply . Italy gets gigantic preferential treatment from Draghi & co.

Europe and especially ECB have become a huge joke .