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Forex Forum Archive for 02/07/2020

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Mtl JP 23:58 GMT February 7, 2020
Life in the insane lane

winner and wanna-be winner
--------------------------------
Donald J. Trump
@realDonaldTrump
12 h
Just had a long and very good conversation by phone with President Xi of China. He is strong, sharp and powerfully focused on leading the counterattack on the Coronavirus. He feels they are doing very well, even building hospitals in a matter of only days. Nothing is easy, but...

Donald J. Trump
@realDonaldTrump
....he will be successful, especially as the weather starts to warm & the virus hopefully becomes weaker, and then gone. Great discipline is taking place in China, as President Xi strongly leads what will be a very successful operation. We are working closely with China to help!

***
example of communist bureaucratic efficiency:
for the grandiously peddled "hospitals" being built at record speed in wuhan (six days) the communists ordered 400 high efficiency (down to nano-scale) air purifiers from a quebec company. Those purifiers are still sitting here. Reason: no transportation arragements made possible, so puppies r sitting and waiting for some communist apparatchik to wake up and issue appropriate orders.

HK [email protected] 22:39 GMT February 7, 2020
USA under martial law!!! Americans Quarantined on Military Bases
Reply   
.
This could be the headline if every one will think like those idiots who criticize the measures taken by China to prevent the spread of the virus.

It could be more of American democracy and style if the passengers would have been isolated on a beach resort in Guam or Hawaii far from the Mainland.

But America is treated special as the land of the free:)
-------------------
Two more flights evacuating Americans from Wuhan, China, the center of the coronavirus outbreak, are scheduled to land in the United States this week.

The first carried 195 Americans out of Wuhan last week; they are quarantined on a military base in Riverside, Calif. Two more flights landed in the United States early on Wednesday morning, and the 348 passengers, mostly American citizens, will be held at Travis Air Force Base in Fairfield, Calif., and at Marine Corps Air Station Miramar in San Diego.

All of the passengers have been ordered to remain in quarantine for 14 days from the time they left Wuhan.

LINK

HK [email protected] 22:19 GMT February 7, 2020
Lockdown measures in Guangzhou.
Reply   
.
8th February 2020 – (Shenzhen)

Earlier yesterday, the local government of Guangzhou announced today that lockdown measures have been implemented at housing estates and villages in Guangzhou. Non-residents are not allowed to enter each housing estate and village. Residents must enter and leave with resident passes and temperature check will be conducted. Residents returning from overseas or other provinces must submit all their travel history and health declaration online.

HK [email protected] 22:12 GMT February 7, 2020
Better look at your backyard.
Reply   
.
The CDC estimated Friday that 22 million Americans have gotten the flu this season, 210,000 have been hospitalized because of it and 12,000 have died. That includes 78 children. Pennsylvania reported 1,311 flu-associated hospitalizations and 40 deaths through Feb. 1. Twenty-nine of those were in people age 65 and older. New Jersey, which does not report adult deaths, said two children have died.

Flu “is our important epidemic right now that is affecting our community in a big way,” said Kristen Feemster, an infectious disease doctor who is medical director of the Philadelphia health department’s immunization and acute communicable disease program.

And what the US administration does? MONITORING!!! hahaha

Coronavirus is big news, but in the Philly area and across the U.S., flu keeps rising

Pisa phile500 21:05 GMT February 7, 2020
Friday Amazing Trader 7 Feb 2020

simply...trendlines don t work

Mtl JP 19:20 GMT February 7, 2020
Friday Amazing Trader 7 Feb 2020



I too am sometimes wrong
such as with my earlier expectation for early yr DLR down

Mtl JP 18:31 GMT February 7, 2020
Friday Amazing Trader 7 Feb 2020

EURO LoD 1.09416 sofar

Mtl JP 17:40 GMT February 7, 2020
Friday Amazing Trader 7 Feb 2020

as EURO 1.0946 is re-testing its earleir 1.0947 lows
priceaction outline in JP 15:16 still holding

GVI Forex Blog 17:12 GMT February 7, 2020
Why is the EURUSD Trading Weak?
Reply   

The following posts from the Global-View Forex Forum describe the price action and t=a reason for its current weakness. 

Why is the EURUSD Trading Weak?

Israel MacroMicro 16:49 GMT February 7, 2020
gold/silver

you are sharp!
you deserve good luck to be on your side

Israel MacroMicro 16:44 GMT February 7, 2020
Friday Amazing Trader 7 Feb 2020

you have a position in the market?!
you have an interest in market movement!

QE and liquidity injections, means they have an agenda. buy high now and much lower the next bazooka launches?

Minneapolis DRS2 16:42 GMT February 7, 2020
Not to be discounted for long time by Mkts. It is huge!!!

Locking down 400M people isn't herding...it's killing them by starvation.

Mtl JP 16:40 GMT February 7, 2020
Not to be discounted for long time by Mkts. It is huge!!!

What is the intent ? practice brother, practice herding peasants.

Xi's chinese communists are freaking out over fear of peasants judging them on handling the virus AND delivering economic growth.

In otherwords legitimacy of their leadership: mortal fear of self-declared kings for life.

Toronto Abb 16:32 GMT February 7, 2020
gold/silver
Reply   
sell at price 88.7
medium target
let see

Israel MacroMicro 16:28 GMT February 7, 2020
Friday Amazing Trader 7 Feb 2020

it's fake news about Guangzhou

HK [email protected] 16:25 GMT February 7, 2020
Not to be discounted for long time by Mkts. It is huge!!!

.
Reducing mobility is the purpose. But it shows that the situation is turning catastrophic.
Soon all S.E. Asia will fall.

No one yet stood and said that the virus is also airborne.
China is setting a new response standard which other countries will have to follow.

Kl Shawn 16:20 GMT February 7, 2020
Friday Amazing Trader 7 Feb 2020

Yeah euro is locked down under 1.10 too, bravo usd bulls

Minneapolis DRS2 16:18 GMT February 7, 2020
Not to be discounted for long time by Mkts. It is huge!!!

What is the intent of locking down so many people?

Do they intend to kill them all by starvation?

HK [email protected] 16:16 GMT February 7, 2020
Not to be discounted for long time by Mkts. It is huge!!!
Reply   
.
Breaking: Guangzhou City (population: 14 M) locked down. All residential blocks be isolated from each other. So far around 400 million people locked down in #China to contain #coronavirus. #coronavirusOutbreak Original Chinese official report:http://m.xinhuanet.com/gd/2020-02/07/c_1125542462.htm …

LINK

swiss frank 15:48 GMT February 7, 2020
Friday Amazing Trader 7 Feb 2020

I think its reflective (as much as anything) of the euro being the funding currency of choice now and for the foreseeable.

Minneapolis DRS2 15:46 GMT February 7, 2020
Friday Amazing Trader 7 Feb 2020

EUR/USD needs fuel for price to make a substantial drop. The problem right now is that so far, nobody has been willing to provide that fuel (in the form of substantial buying). So what we get is a slow grind...a few pips up, a few pips (plus a few more pips) down.

This condition will persist for a while...notice that whenever EUR/USD shoots up 20 or 30 pips, it gets hammered back down almost immediately? The default trade for more than 2 years now has been to sell the pair, either outright or via cross pairs. Price may go up for a few days at a time every once in a while, but sellers have been dominant for some time and price is quickly hammered back down.

Except now..."nobody" is buying, so price just moves along like a slug. Does that reflect Europe and its economies? You be the judge.

GVI Forex 15:45 GMT February 7, 2020
Newsquawk

EURUSD popped on this (reported on Newsquawk)

Eurozone Finance Ministers are reportedly to recommend expansionary fiscal policy if downside risks materialize, sources say

Newsquawk

Mtl JP 15:44 GMT February 7, 2020
Friday Amazing Trader 7 Feb 2020

White House adviser Larry Kudlow says he wants Fed to be bolder with rate cuts. (By Victor Reklaitis, Published: Feb 7, 2020 10:22 a.m. ET)

White House adviser Larry Kudlow on Friday said he "wouldn't mind seeing" the Federal Reserve "be a little bolder" with interest-rate cuts. His comment came in a Fox Business Network interview after host Stuart Varney said stocks "moved down this morning because with such a strong report on jobs, the Federal Reserve is not likely to cut rates, and I think a lot of investors were hoping for a rate cut."

Belgrade Knez 15:39 GMT February 7, 2020
EU/UCHF
Reply   

usd/chf and usdx bounced off of daily open, so it send eu below ystd low .... if usd/chf break today high, eu will trade nicely below 1.0950 .....OMO

Mtl JP 15:30 GMT February 7, 2020
Friday Amazing Trader 7 Feb 2020

I suspect euro's bounce uP from 1.0945 is "temporary"
(to borrow a term from chinese communist and PBoC chief Yi)

london red 15:20 GMT February 7, 2020
..

eurgbp is a medium term buy, but for now mkt disagrees with me and assumes boris will eventually take it up the *** from the the eu.

Mtl JP 15:16 GMT February 7, 2020
Friday Amazing Trader 7 Feb 2020



EURO 1.0969
---------------
TARGET in the pic will likely need 1.0985 to hold Res

Toronto Abb 15:16 GMT February 7, 2020
..
Reply   
hi red
eurgbp is in buy what do you think
thanks

GVI Forex 14:39 GMT February 7, 2020
Friday Amazing Trader 7 Feb 2020

US yields falling as risk off takes over (note USDJOY and commodity currencies). FX seems to be taking notice but EURUSD would need to get through the AT ladder at 1.0971 to start squeezing shorts.

The Amazing Trader

AT Trader john 14:38 GMT February 7, 2020
Friday Amazing Trader 7 Feb 2020

U.S. 10s a weight on the USD 1.583% -6.1bp. Equities are selling off.
I am using 1.60% as my psychological benchmark.

Kl Shawn 14:31 GMT February 7, 2020
Newsquawk

What a boring day, looks like a 20-40 range. So euro and cable will certainly close below 1.10 and 1.30 respectively. Further downside next week if that is the case.

Israel MacroMicro 14:13 GMT February 7, 2020
Newsquawk

JP

your opinion about loonie further from here @ 1.3315 is highly valued

Belgrade Knez 14:11 GMT February 7, 2020
Friday Amazing Trader 7 Feb 2020


london red

thank you very much for your reply

london red 14:09 GMT February 7, 2020
Friday Amazing Trader 7 Feb 2020

from predata level. so far it seems option writers quids in

Belgrade Knez 13:58 GMT February 7, 2020
Friday Amazing Trader 7 Feb 2020

london red 13:10 GMT 02/07/2020
euro end of day straddle just under 30 pips. mkt expects v little from nfp. so initial sup/res around 10935/40 and 11000.

london red
when you say "straddle just under 30 pips" .... does that mean from current price or 30 pips above high and 30 pips below low?
(sorry for my ignorant question).

AT Trader 13:42 GMT February 7, 2020
BREAKING NEWS

U.S. Employment January. 2020







ALERT

NFP Jobs:
+225K vs. +160K exp. vs. +145K (r +147K ) prev.
Rate: 3.60% vs. 3.50% exp. vs. 3.50% prev.

Avg earnings: +0.20% vs. +0.30% exp. vs. 0.10% prev.
BLS: Employment Situation Summary




--------------------------------------


Canada EMPLOYMENT January 2020



NEWS ALERT

Jobs: +34.5K vs. +16.8K exp. vs. -35.2K prev. (-2.8K)
Full-Time +25.7K vs. n/a exp. vs. -38.4K prev.
Rate: 5.50% vs. 5.60% exp. vs. 5.60% prev.



RELEASE: StatCan Monthly Employment Report







Amman wfakhoury 13:38 GMT February 7, 2020
GBPUSD NFP signal

I prefer to buy to follow the new signal and add buy if price decline according yesterday signal.

Mtl JP 13:28 GMT February 7, 2020
Newsquawk

The EU is - as I have numerously posted my opinion - a bunch of puff princes, driven by diristic ambitions over peasants. They possess genetic codes that make them mendatious, scheming and if they see the need ruthless(ly) evil. Boris should not expect a cakewalk "negotiating" with them; they have been snubbed and they are pizzed.

Pasig evan 13:24 GMT February 7, 2020
GBPUSD NFP signal

GBPUSD
Entry: Target: Stop:

WFak, your 100 pips from 1300 not yet realized you already have a new call?

Amman wfakhoury 13:20 GMT February 7, 2020
GBPUSD NFP signal
Reply   
GBPUSD into buy mood ..first target 12970 and 12985
but any decline below 1.2940 will return to it.

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

Mtl JP 13:14 GMT February 7, 2020
Newsquawk

Demanding ...
... France is demanding ...
demanding !

AT Trader john 13:13 GMT February 7, 2020
Friday Amazing Trader 7 Feb 2020

U.S.10s 1.620% -2.6bpDJ -126
SP -10

london red 13:10 GMT February 7, 2020
Friday Amazing Trader 7 Feb 2020

euro end of day straddle just under 30 pips. mkt expects v little from nfp. so initial sup/res around 10935/40 and 11000.

london red 12:55 GMT February 7, 2020
Newsquawk

from the ft:
Battery maker Umicore CEO warns on impact to China EV market

if that doesn't hit tesla today i dont know what will.

Mtl JP 12:40 GMT February 7, 2020
Foxconn iPhone Plant

DRS2 hope is not a tactic

Israel MacroMicro 12:30 GMT February 7, 2020
Newsquawk

the French trying to blame the UK for the coming recession?

at least some volatility ahead for us the traders

swiss frank 12:22 GMT February 7, 2020
Newsquawk

That will never happen. Never.

Minneapolis DRS2 12:21 GMT February 7, 2020
Foxconn iPhone Plant
Reply   
Here is a story from MacRumors...Foxconn is reportedly telling staff to stay away from the iPhone plant in Shenzhen due to the virus outbreak.

Details to come...let's hope it doesn't last long.

Foxconn Shenzhen Plant

GVI Forex 12:18 GMT February 7, 2020
Newsquawk
Reply   
France is demanding the UK align with EU rules permanently in return for a trade deal, wanting dynamic alignment regarding tax, state aid, environment and social affairs, A new draft mandate will go to EU members on Tuesday ahead of a Wednesday meeting

A great source of live market moving news

Newsquawk

PAR 12:12 GMT February 7, 2020
ECB LAGARDE PONZI MAFIA
Reply   
Like a lawyer Lagarde just keeps defending the insane monetary policies instead of looking at the evidence that the ECB policies have not been working for the last 10 years.

High house prices. Not the ECB s fault.

Savers losing € 100 billions in purchasing power on their savings. Not the ECB d faults. Be happy that you have a job

European banks capital decimated and European banks marginalized in the world. Not the ECB s fault.

She comes up with more fake news and lies than Donald Trump. Christine already is a failure.

AT Trader 12:07 GMT February 7, 2020
Friday Amazing Trader 7 Feb 2020

Early Friday
DJ: -145
SP: -12.7


2-yr 1.419% -2.8
Spread 10s-2s +19.0 (+19.7)
10-yr
US: 1.609% -3.5
UK: 0.571% -1.2
DE: -0.383% -1.8


EURUSD MACRO TREND: NEGATIVE
Spot Rate (Pivot Point)
EURUSD 1.0951 (1.0990)
GBPUSD 1.2932 (1.2950)
EURGBP 0.8468 (0.8481)
USDJPY 109.83 (109.90)

this week 1.0948-1.1094 (146) pips

fri: 1.0948-1.0985 (36)
thu: 1.0965-1.1028 (27)
wed: 1.0994-1.1048 (54)
tue: 1.1033-1.1064 (31)
mon: 1.1059-1.1094 (35)


Sign up now for your invaluable report

How To Turn Your Forex Trading Into A Business

20-day avg: 1.1067
50-day avg: 1.1094
100-day avg: 1.1068
200-day avg: 1.1122

Global-View Daily Trading Chart Points





Mtl JP 12:05 GMT February 7, 2020
The biggest number on a territory out of China.

just not passing through the aircon ducts of the chinese communists' politburo

HK [email protected] 22:16 GMT January 31, 2020
Life in the insane lane: Reply

I suggest to follow closely the China media. the most effective way to know what really happens with the virus. .../..


to borrow a line "only the good die young":
Li Wenliang, 34, a Wuhan doctor who was targeted by chinese government apparatus police for spreading "rumors" about the virus (when he was in fact sharing accurate information to try and raise the alarm) has now died from the infection on Friday.

AT Trader john 11:39 GMT February 7, 2020
Friday Amazing Trader 7 Feb 2020

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

Fri 7 Feb 2019
A 13:30 US/CA- Employment


HK [email protected] 11:06 GMT February 7, 2020
The biggest number on a territory out of China.
Reply   
.
Coronavirus Live Updates: Sixty-One People on Cruise Ship Off Japan Have Virus.

Probably passing through the aircon ducts:)

jkt abel 10:58 GMT February 7, 2020
ByeBye Philippines!!!

as long as Trump and his baby dow is happy, then everything is fine
coronavirus is just fake news for Trump

HK [email protected] 10:53 GMT February 7, 2020
ByeBye Philippines!!!

.
Philippines:
On top of that add 61000 confirmed HIV positive cases, with 1000 new cases added every month. And you got a great cocktail to sip from.

jkt abel 09:44 GMT February 7, 2020
ByeBye Philippines!!!

red, any options defence in vicinity?
usd bulls have succesfully orchestrated a nice euro down trend, you think they will keep it below 1.10 for weekly close?

Minneapolis DRS2 09:29 GMT February 7, 2020
ByeBye Philippines!!!

The Filipino response to the virus outbreak is different in many ways from the China response, but that is because the Philippines are starting from a vastly different position. Healthcare and sanitation in Metro Manila is comparable to many US cities, with many personnel having trained in the US. A lot of former US military personnel and other expats live there.

The rural areas suffer from poverty, and the resources are not as plentiful. They do what they can.

london red 09:07 GMT February 7, 2020
ByeBye Philippines!!!

euro and cable already moved a lot ahead of nfp data, headline which expected to be strong. so it may be better to travel than arrive and possibly could be reversals in play if mkt finally accepts virus risk. european stocks beginning to suffer but spoos strong as ever. maybe penny drops after data into weekend.

HK [email protected] 08:18 GMT February 7, 2020
ByeBye Philippines!!!
Reply   
.
Number of persons under watch in PH for possible novel coronavirus infection climbs to 215.

Seems too serious situation, with one big difference; No resources and no "China style" to combat the disease.

LINK

PAR 08:00 GMT February 7, 2020
Merkel Germany
Reply   
Germany: Terrible industrial production data for December (-3.5% m/m, -6.8% y/y) confirms our view that 🇩🇪 industry has not yet entered a clear recovery mode. In contrast to the flash GDP reading of 0.1%, available data points to an economic contraction in the final quarter of 2019.

SaaR KaL 07:54 GMT February 7, 2020
Close range for Cable

For gold
1,650.2869 1,590.9089

SaaR KaL 07:52 GMT February 7, 2020
Close range for Cable
Reply   
on 14th Feb 2020

1.2917 1.2714
will keep my shorts until then

SaaR KaL 07:30 GMT February 7, 2020
USDJPY shorts

110.27 seems like max
I agree though about USDJPY is a buy this year for 118 to 120 area

Belgrade Knez 07:20 GMT February 7, 2020
USDJPY shorts

SaaR KaL 06:14 GMT 02/07/2020 - My Profile
I am shorting till 110.34
might see 108 in a month

110.29 is high of the year so far, also 108.31 is HL on daily printed on 31st of Jan, hence if 110.29 is broken on daily, it has higher chance to continue upwards than down to 108 ..... OMO

SaaR KaL 06:14 GMT February 7, 2020
USDJPY shorts
Reply   
I am shorting till 110.34
might see 108 in a month

SaaR KaL 05:06 GMT February 7, 2020
GBPNZD and GBPAUD
Reply   
these two pairs
are a buy for the whole year
Might want to check entry inter week


Pair Trend Avg High Avg Low
GBP/AUD Buy 1.9268 1.9083

Pair Trend Avg High Avg Low
GBP/NZD Buy 2.0040 1.9876

SaaR KaL 04:49 GMT February 7, 2020
Short Cable...Long Gold
Reply   
Pair Trend Avg High Avg Low
GBP/USD Sell 1.2918 1.2843


Pair Trend Avg High Avg Low
XAU/USD Buy 1,612.3731 1,591.7462


Pair Trend Avg High Avg Low
BTC/USD Buy 10,340.0020 9,767.5701

Pair Trend Avg High Avg Low
EUR/JPY Sell 120.6593 119.8133


Pair Trend Avg High Avg Low
GBP/JPY Sell 141.4936 140.4224


Buying FB and AAPL later

dc CB 02:14 GMT February 7, 2020
The Happy Nation

remember him....he wrote a lot-o Bad Stuff back when

WTF Cares about Ambrose-whatever-hahahah.

Update: The Telegraph's Ambrose Evans-Pritchard warned

dc CB 01:29 GMT February 7, 2020
The Happy Nation

so
AnyWay

who?, what?

tell me the Trade(Amazing) Trade.

otherwise U R one of them...

"Je suis désolé mais j'ai encore du mal avec le français"



Mtl JP 00:16 GMT February 7, 2020
The Happy Nation

All AI rests on only two digits , finally: 0 & 1
-
show me a trading AI with better than 75% trades success and
I may be IN

 




Actionable trading levels delivered LIVE to YOUR charts

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

Mon 27 May 2019
AAGB/US- Holiday
Tue 28 May 2019
A 14:00 US- Consumer Confidence
C 13:00 US- Case-Shiller
Wed 29 May 2019
A 08:55 DE- Employment
AA 18:00 US- BOC Decision
A 18:30 US- EIA Crude
Thu 30 Mar 2019
AAEZ/CH- Holiday
A 12:30 US- Weekly Jobless
Fri 31 Mar 2019
AA 10:00 EZ- Flash HICP
A 12:30 US- Personal Income, Spending, Deflator
AA 14:00 US- Final Univ of Michigan


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