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Forex Forum Archive for 03/02/2020

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Israel MacroMicro 23:00 GMT March 2, 2020
Tuesday Amazing Trader 3 Mar 2020

the mindset in USA 2020 is definitely ripe for Ivanka 2024
any guess how Hillary to commit suicide when such happens?

Mtl JP 22:51 GMT March 2, 2020
Tuesday Amazing Trader 3 Mar 2020

no pity / fear for melania
melania is maturing (gaining in wisdom, fame and moolah)

Israel MacroMicro 22:34 GMT March 2, 2020
Tuesday Amazing Trader 3 Mar 2020

JP 21:56

poor Melania

Mtl JP 21:56 GMT March 2, 2020
Tuesday Amazing Trader 3 Mar 2020

haha DJ +1294 ... heil Trump !

IF this continues even at half clip Trump will not only win in 2020 but next term after that
president for life

HK [email protected] 21:31 GMT March 2, 2020
Officials: 6 deaths in Washington state from coronavirus
Reply   
.
For the rest: If you are healthy you have nothing to worry. Carry on;(

LINK

AT Trader john 21:25 GMT March 2, 2020
Tuesday Amazing Trader 3 Mar 2020

Late Monday
DJ: +1294
SP: +136.0

2-yr 0.818% -9.7
Spread 10s-2s +26.5 (+23.5)

10-yr
US: 1.083% -4.3
UK: 0.417% +0.1
DE: -0.625% -0.6

EURUSD MACRO TREND: POSITIVE
Spot Rate (Pivot Point)
EURUSD 1.1130 (1.1117)
GBPUSD 1.2760 (1.2784)
EURGBP 0.8718 (0.8685)
USDJPY 108.44 (108.14)

Last week 1.1036-1.1090 (54) pips

mon: 1.1036-1.1090 (54)
fri: 1.0951-1.1053 (102)
thu: 1.0880-1.1006 (126)
wed: 1.0855-1.0909 (54)
tue: 1.0830-1.0883 (28)


Sign up now for your invaluable report

How To Turn Your Forex Trading Into A Business

20-day avg: 1.0909
50-day avg: 1.1027
100-day avg: 1.1054
200-day avg: 1.1097

Global-View Daily Trading Chart Points





GVI Forex Blog 21:13 GMT March 2, 2020
Chart Points: Free Forex Database For 2 March 2020
Reply   

forex rate database image

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 2 March 2020

dc CB 20:35 GMT March 2, 2020
Numbers in the US
Reply   
Expect the number of cases to rise, testing for infection is expanded. How the jump in numbers will move the Markets??
_______________________________
“Once we start testing more broadly this week, we are almost certain to learn that there has been community transmission for a while in many places,” said Andy Pavia, chief of the Division of Pediatric Infectious Diseases at the University of Utah health system. He called the Washington state research on the genetics of the virus “very important.”

Until a few days ago, the CDC had specific, narrow criteria for who should be tested for possible coronavirus infection — and most tests had to be sent to Atlanta due to faulty tests sent out to state labs. The focus was on people who had been to China or been in contact with someone who had traveled there. As a result, people with respiratory infections and fevers were not being widely tested for coronavirus. Last week, the CDC altered the criteria to expand testing.

Clinicians always have discretion to request testing, the CDC has said. A top CDC official said last week that no such requests for testing have been turned down.

Even so, a 56-year-old woman in Chevy Chase, Maryland, who recently returned from Northern Italy, where the virus has spread dramatically, and who has suffered from a cough and flulike symptoms for 10 days, told The Washington Post that she could not get a coronavirus test at a hospital because she was not hospitalized or severely ill.

“It’s almost impossible to get a damn test,” she said. The woman, a consultant who spoke on the condition of anonymity for fear of online harassment, said she normally commutes by train to downtown Washington to work but has self-quarantined since returning from Italy. Had she not chosen to do so, she said, “I could have been passing this all over D.C.”

Joel Achenbach, Katie Mettler, Lena H. Sun and Ben Guarino,
The Washington Post
updated on March 2, 2020 - 10:32 AM

Coronavirus may have spread undetected for weeks in U.S.

london red 20:33 GMT March 2, 2020
disney

they cant afford anything but one off experience or paid tv, thats what world has come to. netflix keeps folks off the streets and rioting.

london red 20:31 GMT March 2, 2020
disney

usa is prob already ex growth. outside usa pricing is tough. really they should have bought disney...now its too big and they will eat some of their lunch. its either ads or buy a content house otherwise they never make any money.
s&p making another run at 200dma. fomo might take over if abv there. they thought cb's may act over wknd they may think same again, but in reality, the higher mkt goes, the lower chance of action from cb's.

Israel MacroMicro 20:28 GMT March 2, 2020
disney

anyway, my cartoon for the week was ES holding 2850

Israel MacroMicro 20:26 GMT March 2, 2020
disney

of course no ads in Netflix
it's an university

how to manage in jail
how to produce drugs
how to deal in drugs
how to think you know everything (they want you to know)

done with Disney cartoons than move to Netflix brainwashing. this is no media, this is glue the masses to screens and make them feel they are "enjoying" and "learning"

our planet 2020 - all that for 19.95 monthly combined

Minneapolis DRS2 20:11 GMT March 2, 2020
disney

Advertising would wreck Netflix...end of story. The moment ads go on Netflix is the moment subscribers demand 50-75% off their subscription rates.

london red 20:08 GMT March 2, 2020
disney

Challenge is to make a profit before it goes close to ex growth. Until it gets its capex in check it wont be able to do that. It needs to spend more and more each year to stand still. They need to think about advertising.

Minneapolis DRS2 20:04 GMT March 2, 2020
disney

Netflix's capex is best evaluated in terms of content creation, because that's what it is. Ultimately, the success or failure of Netflix will be determined by its ability to acquire or create content that the public likes on a sustainable basis, with a manageable budget.

This is the challenge that all media companies have.

london red 19:52 GMT March 2, 2020
disney

i cant see disney buying netflix. they have no need. they are rolling out their own. as for neflix it needs to buy someone or capex to the sky.

Israel MacroMicro 19:24 GMT March 2, 2020
disney

brainstorming with you

long DIS because they have most possible upside in the streaming business

short NFLX because their numbers are not sustainable

upside is more available for DIS
downside is more available for NFLX

DIS takes over NFLX, their stock must be pumped first more than NFLX to allow the merger or whatever they gonna name it

markets crash and NFLX capex takes in violently down

so in any setup long DIS / short NFLX is reasonable play.

of course, only imo

Ahmed




AT Trader john 19:13 GMT March 2, 2020
BREAKING NEWS

Kudlow and Mnuchin favor emergency Fed rate cut.

london red 19:04 GMT March 2, 2020
Eur

barrier at 112 but 11175/80 was a big level last yr as well as upper channel on wkly.

GVI Forex 18:56 GMT March 2, 2020
Eur

Question is not if but how hard 1.12 will be defended as assume there are options there.

london red 18:53 GMT March 2, 2020
disney

cant argue with that but they keeping having to increase capex for next big thing ie they still dont make any money even with most of usa subscribed. disney gets to bottom line faster. even tho i expect neflix stock goes much high than disney, it dont like netflix fundies so i cant hold it in a portfolio.

Minneapolis DRS2 18:50 GMT March 2, 2020
disney

Not that this has anything to do with trading the stock, but Netflix has probably the most impressive network infrastructure of any of the streaming companies. They use AWS for their central servers, along with custom-built intermediate cache servers installed at most ISPs of any size. That's how they get the performance and scalability that they do.

Minneapolis DRS2 18:47 GMT March 2, 2020
klobuchar exits
Reply   
Sad news for the wacky crowd in my locale...news reports say Amy Klobuchar ends her presidential bid.

As screwed up a candidate as she was (and she was indeed screwed up), she was probably the closest thing to a real person and real life as any of them.

Too bad she's endorsing Joe Biden...she's probably trying to be his VP candidate.

london red 18:46 GMT March 2, 2020
disney

drs2, run out disney+ to anything like netflix and they can do a pink darth vader and it wont move the needle.

Minneapolis DRS2 18:43 GMT March 2, 2020
disney

Speaking strictly as a customer on fundamentals...the real value IMHO in Disney right now is Disney+ and potential streaming of the back catalog. It's available, it's easily accessible and unlike Netflix, Disney owns all of it.

As for everything else? You be the judge. Major movie franchises have been corrupted by PC and SJW. Theme parks will always have attendance, but how many tapped out families can afford the $100 per-person per-day ticket cost?

That leaves other stuff like Hulu, ESPN, etc.

london red 18:36 GMT March 2, 2020
disney

drs2 i dont know about that and i bet mkt doesnt care but its moved from low pe to high pe thanks to streaming. and for now they have low fruit to pick in terms of subscribers so wall st will like the growth it sees on that. its not cheap, i like them at a hundred, ut not much in this mkt is cheap even now.

london red 18:33 GMT March 2, 2020
disney

dont know about short netflix its a POS company that has even expanding capex just to stay afloat (here is where disney back catalogue helps its own streaming margins) but doesnt mean the stock falls as its all about jam tomorrow for the mkt whether we like it or not. here disney can benefit as they will now focus more on subscriber growth and that will blow out its pe a bit. i prefer disney to neflix as end game for netflix is to buy someone like disney with a big catalogue as otherwise it will eventually eat its self under its capex.

Minneapolis DRS2 18:31 GMT March 2, 2020
disney

What they did to Star Wars and MCU is unforgivable...just sayin.

Israel MacroMicro 18:28 GMT March 2, 2020
disney

therefore

long DIS
short NFLX

Minneapolis DRS2 18:23 GMT March 2, 2020
disney
Reply   
Disney's got problems...be wary.

Nothing personal against the stock, but as a customer Disney's got issues...overpriced and underperforming theme parks, utter destruction of the Star Wars franchise, questionable longevity of Disney+...you name it.

Buy at your own risk, particularly if you're into the long term.

london red 18:22 GMT March 2, 2020
Eur

ab big stops reside over 11239 and 11413. this is as far as it is getting in a best case scenario. and even if it got there this wk it would close no higher than 11235 to negate the upside break. europe has so many problems and now it has loss of asian demand. in any case you look at europe loses vs usa. so its a case of selling high and buying back lower.

Paris ib 18:22 GMT March 2, 2020
EUR/AUD @ 1.7120

For a short term punt: why not?

Be nimble, be quick.

This is a brutal pair gl gt

Hk Ab 18:19 GMT March 2, 2020
Eur
Reply   
Red//

One thing I leant from my 20 years in GVI is bangsters know how to drain the last drop of blood. The eur has been beaten.hard for some days and shorts have been accumulated for long. Pull out the monthly and we can easily predict what could happen in March..... similarly, Yuan.....

AT Trader john 18:16 GMT March 2, 2020
Tuesday Amazing Trader 3 Mar 2020
Reply   

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

Tue 3 Mar 2020
AA 04:30 AU- RBA Decision
AA 10:00 EZ- Flash HICP
Wed 4 Mar 2020
Final Service PMIs all day
A 13:15 US- ADP Payrolls
AA 15:00 CA- BOC Decision
A 15:30 US- EIA Crude
A 19:00 US- Beige Book
Thu 5 Mar 2019
A 13:30 US- Weekly Jobless
A 13:30 US- Productivity
Fri 6 Mar 2019
A 13:30 US/CA- Employment
A 13:30 US/CA- Trade

Mtl JP 18:14 GMT March 2, 2020
Winners and Losers

ouch ... disney s a $100+ stock

the diff between men and boys is price of their toys
when it comes to playing stocks I am a boy
(more the $2 dvd rental than $20x2+popcorn type)

BUT thx for view, in case puppy comes down to my affordability level

london red 18:11 GMT March 2, 2020
Eur

ab, this is unwinding of possies not a building of possies, air gets thin for euro the higher it gets. it climbs fastest right before it collapses. if mkt recovers it falls, if fed cuts and mkt recovers it falls. its quite poss for euro to close week within last weeks range (11050 or lower).

Israel MacroMicro 18:10 GMT March 2, 2020
EUR/AUD @ 1.7120

YES inb

I agree with all FACTS you mentioned. still, this one must visit 1.66 handle at least before another leg Up



london red 18:06 GMT March 2, 2020
Winners and Losers

def pick up disney on weakness. real momentum for its streaming which is just taking off. at least a year or two of easy subscribers for it.

Mtl JP 18:02 GMT March 2, 2020
Winners and Losers

winners and losers
ps / due diligence is your responsibility
-------------------------------------------
Five ways investors can cash in on coronavirus stock slump,

UBS says

Hk Ab 17:59 GMT March 2, 2020
Eur
Reply   
The uprun looks like could be wild

Mtl JP 17:43 GMT March 2, 2020
EURUSD will drop from today



EURDLR 1.1175
-
shorter from sub 1.1120 now swimming naked (no more shorts)

Paris ib 17:41 GMT March 2, 2020
EUR/AUD @ 1.7120

Not a sell... a buy

RBA has basically signalled they will use devaluation to manage the coming economic downturn. Not many noticed. Reread their press releases.

Lots of ducks in a row on this one: skyhigh household debt, foreign debt nearly entirely hedged (can't remember who released the report on that one but was detailed), China is a big market for Australian exporters, universities, tourist industry... could go on

london red 17:16 GMT March 2, 2020
EUR/GBP

i see your side of the story but for me short eurgbp are skirmishes while the battle of brexit is pulling pair to pair imo. that said there will definitely be better places to buy than here so i think catching ob for some downside makes sense once euro stops are run.

HK Kevin 17:07 GMT March 2, 2020
EUR/GBP

EUR/GBP is a long term sell in the monthly chart. This may be trade of the year with high return and low risk in 2020. For the entry point, the min t/p following the trendline breakout at 0.8550 will be around 0.8810/30

Israel MacroMicro 16:45 GMT March 2, 2020
EUR/AUD @ 1.7120
Reply   
EURAUD
Entry: Target: Stop:

interesting
but not confident enough to press the SELL button
wrong?

Israel MacroMicro 16:38 GMT March 2, 2020
EUR/GBP

08515 area as safe until voided for the upside scenario

london red 16:37 GMT March 2, 2020
EUR/GBP

stops reside over 200dma i would prefer those to be taken also prefer to see colour of money for euro at 11175.
s&p close to testing its 200dma

Israel MacroMicro 16:37 GMT March 2, 2020
EUR/GBP

08650 area as support

Israel MacroMicro 16:35 GMT March 2, 2020
EUR/GBP

red, I have 08842 as end of wave

Israel MacroMicro 16:32 GMT March 2, 2020
yes, I can see and understand the short for 2-3 days for a nice swing

london red 16:28 GMT March 2, 2020
EUR/GBP

JO 200dma and 100/200wkly in and around 8750-8800 area. The pair has done a double bottom with a higher tgt to go but wont get there in a straight line. Likely some 2 way there.

Israel MacroMicro 16:27 GMT March 2, 2020
NOK/SEK
Reply   
Buy
Entry: 1.0195 Target: 1.0525 Stop:

actually for you JP as you shown interest in capital management. great pair!

no volatility
highly technical
can go even 10× leverage with no worries
pays interest to hold
needs simple logic and tons of patience

handled right, and you have at least 50% return on equity annually

just a tip

Mtl JP 16:18 GMT March 2, 2020
EUR/GBP

MaMi 16:08 nothing stopping one from using some other level
for ex .87499

Israel MacroMicro 16:14 GMT March 2, 2020
GBP/CHF

beautiful!
this guy woke up on the right side

USA ZEUS 16:12 GMT March 2, 2020
GBP/CHF
Reply   
GBP/CHF Long initiated at 1.2227

Cheers!

Israel MacroMicro 16:11 GMT March 2, 2020
EURUSD will drop from today

drs2

personally I enjoy most the process before trade enters the direct line.

Israel MacroMicro 16:08 GMT March 2, 2020
EUR/GBP

I closed the longs and maybe will join after the close to shorts. very generous stop you offer JP but you probably considering one more spike

Mtl JP 16:04 GMT March 2, 2020
EUR/GBP

sl above .8810 ?

USA ZEUS 15:59 GMT March 2, 2020
EUR/GBP
Reply   
EUR/GBP short strategy initiated.
Selling from .8735


Cheers!

Minneapolis DRS2 15:56 GMT March 2, 2020
EURUSD will drop from today

The fact of the matter is that much of the market is trading not to predict price movements, but because they have to. They do so because of client demand, or because they need the dough after buying and selling stocks, or because of central bank action, or whatever. They aren't trying to speculate, and they may not even be trying to make a profit. They just need to get something done right now, so they do it.

You can try to mitigate this as much as your robotic controller box will allow, but as a trader the only real answer is, to quote Zeus, to have consistent rules and an edge. Enter a trade, wait for profit or loss, then exit. That's it. Rinse and repeat. Don't play games...that wrecks consistency and takes away any edge you might have had.

Hk Ab 15:45 GMT March 2, 2020
Gold
Reply   
Add 1590, stop 1550

Mtl JP 15:40 GMT March 2, 2020
EURUSD will drop from today

red 15:19 - re "only takes moments .. to drop. ... climbs until it stops and drops like a stone."

One solution to mitigate would be to trade the puppy in off peak hours
Another is to have some sort of insider info on stacked orders (haha)
Another still is to measure incoming tick pricing changes both in magnitude and direction for a period of time for some sort of "itch" to come up with an understanding of market's velocity movements and respond accordingly.

Not unlike the software in a controller box that feeds current to a mobile staircase to keep it running smoothly as folks embark on one end and dis-embark on the other.

USA ZEUS 15:37 GMT March 2, 2020
EUR/USD

Hey JP. Tactically yes. However, practically not much these days due to far fewer core positions. Perhaps that will change after the central banks race to the bottom has ended.

Once the neg/zirp implosions/explosions recycle I'll increase such for the volatility mean reversions trajectory of 10 yr notes getting halved with rates near 10%.

Cheers!

SaaR KaL 15:36 GMT March 2, 2020
TSLA April Open
Reply   
653.4111 212.4897

Israel MacroMicro 15:35 GMT March 2, 2020
EUR/USD

brute, nah
super ultra brute!!!

the word is sword when you use it JP

dc CB 15:26 GMT March 2, 2020
ECB LAGARDE PONZI MAFIA

PAR 12:44 GMT
ECB listening to the European people.
The Queen of Frankfurt

quotable quips:

Asked about the effect of the 1789 French Revolution, Zhou Enlai or Mao Tse-tung replied: "Too soon to tell." ---

Minneapolis DRS2 15:26 GMT March 2, 2020
EURUSD will drop from today

What the last few days have demonstrated is that EUR/USD is a two-way market. Price dropped continuously for a month or so, and now it has bounced back up. Quite reasonable behavior, I think.

So when price goes back down, sell some and enjoy a lovely beverage.

Mtl JP 15:25 GMT March 2, 2020
EUR/USD

ZEUS u still "..hedge all the time. Effective hedging via multiple accounts for netting." as risk management tactic ? How does position size figure in your tactical application ?

tia

london red 15:25 GMT March 2, 2020
Cable a buy from today

cable 127 +/- half a fig is an area of strong sup. they came in on friday to save the day. so it will be a big deal. but eventually they will push it lower on brexit. eurgbp parity and cable 1.10/1.15 if uk goes to wto. july 1st is deadline for transition extension.

PAR 15:24 GMT March 2, 2020
RISK OFF
Reply   
Yen gets stronger and stronger.

SaaR KaL 15:23 GMT March 2, 2020
Cable a buy from today

With the 2 Pairs
EURGBP must be south bound
no levels though

SaaR KaL 15:20 GMT March 2, 2020
Cable a buy from today
Reply   
GBPUSD
Data
Date------------ Average of Exp Max of High Min of Low
3/2/20 12:00 AM 1.2838 1.3017 1.2685
3/3/20 12:00 AM 1.2858 1.3015 1.2728
3/4/20 12:00 AM 1.2878 1.3011 1.2739
3/5/20 12:00 AM 1.2889 1.3008 1.2765

1.2700 I am buying

london red 15:19 GMT March 2, 2020
EURUSD will drop from today

you had a nice pulback after stops were done earlier so they can do more upside but it all depends on stocks. im a long term seller but when im prepared to be nimble i will buy but with a tight stop and try to be in and out as it only takes moments for euro to drop. euro climbs until it stops and drops like a stone.

Mtl JP 15:17 GMT March 2, 2020
handle poison at thy risk:

Tesla's stock rally set to snap 5-day tumble, but Morgan Stanley still sees a 'notably weak' Q1 - MarketWatch

unless u have the constitution of a komodo dragon

USA ZEUS 15:13 GMT March 2, 2020
EUR/USD

Some will say "Don't buy, it's clearly in a downtrend" then price goes up. Then they say "Don't sell, its clearly in an uptrend"...

If you don't know what you are doing and why (think trading with a system that has an edge) or don't have the discipline to follow your own rules while ignoring the noise, you are doomed.
Happy Day!

Cheers!

Minneapolis DRS2 15:13 GMT March 2, 2020
EURUSD will drop from today

When the market is really selling EUR/USD, you will know it. So far, it ain't happening yet.

Hk Ab 15:12 GMT March 2, 2020
Yen
Reply   
Dlrjpy —> 102.....

SaaR KaL 15:10 GMT March 2, 2020
EURUSD will drop from today

USA Session Close ranges
XAU/USD(Close) 1,657 1,558
EUR/USD(Close) 1.1169 1.0993
GBP/USD(Close) 1.2919 1.2697
SP500 2,940 2,692
GBP/JPY(Close) 139.90 135.66
BTC/USD(Close) 8,696 7,712
ETH/USD(Close) 226 182
AUD/USD(Close) 0.6548 0.6437
USOil(Close) 45.50 40.75
GBP/NZD(Close) 2.0776 2.0407
GBP/AUD(Close) 1.9924 1.9584
USDJPY 112.04 107.00
USDCAD 1.3506 1.3261
EURCAD 1.4993 1.4283
EURAUD 1.7163 1.6440

Mtl JP 15:08 GMT March 2, 2020
EURUSD will drop from today



1.1139
-
disregarding the lines on a chart ... that nobody is really following, anyway, clearly ... is the dotted red line (.....> 1.1120) against which I do not think but trade my bias.

london red 15:06 GMT March 2, 2020
BREAKING NEWS

forget data for feb esp if survey. data for march will make or break.

AT Trader john 15:03 GMT March 2, 2020
BREAKING NEWS

BREAKING NEWS: U.S. ISM Manufacturing PMI February 2020

U.S. Data Charts




News ALERT

50.1 vs. 50.5 exp. vs. 50.9 prev.
RELEASE: ISM Manufacturing PMI


Minneapolis DRS2 15:02 GMT March 2, 2020
EURUSD will drop from today

Clearly is, to put it bluntly, "when YOU think the price is right".

Mtl JP 14:57 GMT March 2, 2020
EURUSD will drop from today

a really good reason to do so...

clearly = what exactly is the "something better than lines on a chart or some arithmetic that nobody is really following anyway" ?

Clearly: __

***
I am biased uP while price prancing N of 1.1120

london red 14:56 GMT March 2, 2020
EUR/USD

not a target to sell but u could twist my arm to buy it there. by then they will be mopping up tesla bulls from under bridges at which point u can make a case.

Mtl JP 14:50 GMT March 2, 2020
EUR/USD

red 14:35 that gap is as attractive as it is dangerous.
maybe tiny bit less dangerous than attractive

Minneapolis DRS2 14:50 GMT March 2, 2020
EURUSD will drop from today

In order for EUR/USD price to drop significantly, you need an imbalance of sellers to buyers. If you're shorting the pair, then you need a really good reason to do so...something better than lines on a chart or some arithmetic that nobody is really following anyway.

Clearly at this point, the market is buying. It continues to do so despite comments from bankers, analysts, and others who TBH would like to see the downward course resume. They may get their wish, but it isn't happening yet.

That said, I still think 1.10 and lower is still in play. Not to worry...everyone will get their chance.

london red 14:49 GMT March 2, 2020
EUR/USD

if s&p can roll over then euro can take out intraday high at 62 to tap 75 quickly. algos may tap that high for a flash drop but stops likely abv there also big ones i d say.

SaaR KaL 14:47 GMT March 2, 2020
Oil North
Reply   
Oil
Data
Date --------------Average of Exp Max of High Min of Low
3/2/20 12:00 AM 46.0188 53.1459 41.3719
3/3/20 12:00 AM 47.6774 53.0676 42.2898
3/4/20 12:00 AM 48.5574 52.9697 43.9796
3/5/20 12:00 AM 48.7942 52.8523 44.8803

AT Trader john 14:45 GMT March 2, 2020
BREAKING NEWS

U.S. Markit final Mfg PMI February 2020





ALERT
50.7 vs. 50.8 exp. vs. 50.8 prev.


SaaR KaL 14:41 GMT March 2, 2020
EURUSD will drop from today
Reply   
EURUSD

Date Average of Exp Max of High Min of Low
3/2/20 12:00 AM 1.1016 1.1173 1.0726
3/3/20 12:00 AM 1.0954 1.1136 1.0725
3/4/20 12:00 AM 1.0912 1.1093 1.0724
3/5/20 12:00 AM 1.0886 1.1056 1.0723

london red 14:35 GMT March 2, 2020
EUR/USD

s&p topside res by 200dma c. 3047.

tesla? if you are banking on selling cars in china this h1 isnt looking good...gap at 240ish

haifa ac 14:29 GMT March 2, 2020
TSLA wants 200

Is TSLA sensitive to viruses?

Minneapolis DRS2 14:24 GMT March 2, 2020
EUR/USD
Reply   
1. Beware the Monday effect (even if it takes place later this week).
2. Last week was last week.
3. 1.10 is still a magnet (both on the up and down directions).
4. The market is probing for stops when many are still shorting.

SaaR KaL 14:17 GMT March 2, 2020
TSLA wants 200
Reply   
will drop very fast

Mtl JP 14:16 GMT March 2, 2020


in the short term, euro needs to hold 1.1090/80 if it is to have a chance at running back to 1.1150 and +

in the very very s/t ~1.1120 is R

Mtl JP 14:09 GMT March 2, 2020


de Guinodos is confused: he does not understand that EUR poking uP is an energetic amalgamation of fiscal stimulus yak and dollar down bias pricing by players

GVI Forex 13:53 GMT March 2, 2020


This is why EURUSD dipped (news algos?)

ECB's de Guinodos says his impression is that EUR is not going to move much and that EURUSD is to hover around 1.10. Notes ECB is not targeting any currency pevel.

Newsquawk.com

london red 13:45 GMT March 2, 2020


someone betting downtrend channel at 11175 holds. an hourly close at 11125 or lower may see a test of 11095-111 and lower if broken.

swiss frank 13:44 GMT March 2, 2020


EUR now about 250 above the 150 hour moving avg on the one hour chart. Maybe this is a little too far too fast. If you believe we live in a mean reverting world....

SaaR KaL 13:44 GMT March 2, 2020
EURUSD a sell
Reply   
becoming a sell

will short today
1.1165
1.1166
1.1169
1.1169
1.1170
1.1165

to tgt 1.0730
By Thursday

GVI Forex 13:40 GMT March 2, 2020


Post earlier on the AT Forum

EURUSD
GVI Forex 11:51 GMT 03/02/2020 - My Profile
Break of 1.l095 is so9gnificant. If it holds AT hows

1.1108-1.1117-1.1141-1.1171 (most important)
Reply

The Amazing Trader

london red 13:36 GMT March 2, 2020


euro tests broken channel (daily) at 11138. a break here can see downtrend channel at 11175 tested (wkly).

london red 13:33 GMT March 2, 2020
Monday Amazing Trader 2 Mar 2020

they should wait til china data begins to improve. in that case it may help. and they can claim (wrongly) like carney did after brexit referendum, that thanks to their actions, the mkt and economy regained confidence.

Mtl JP 13:22 GMT March 2, 2020
Monday Amazing Trader 2 Mar 2020

john 10:24 the squid rules

the FED gang will be cutting.
and not only once.
the quid

HK [email protected] 13:00 GMT March 2, 2020
Switzerland: Political friction about cross borders
Reply   
.
The Swiss People’s Party (SVP) has said the spread of the coronavirus from northern Italy into Switzerland highlights the problem with open borders, saying that additional checks should be put in place.

On Monday, the SVP’s Christoph Mörgeli tweeted that the spread of the virus highlights the need for ending the free movement of persons from neighbouring European countries.

Mörgeli urged the public to support the SVP’s initiative on the matter which will be voted on in May.

“130 people in northern Italy are infected with the Corona virus. 70,000 northern Italians commute to Switzerland every day. The free movement of people is wrong. Now even more so: yes to the limitation initiative!”

Michael Ryan, emergency chief at the World Health Organisation, said that working together to handle the threat was a more effective means of tackling the spread than closing borders across the continent.

“Do not close the borders”, Ryan said.

With the virus already present in Switzerland, it appears that putting in place border controls would have little effect.

The Swiss Federal Office of Public Health said on Wednesday that the spread of the virus would not be stopped by closing the borders, while the body also said travelling to Ticino remained safe.

Around 70,000 workers commute from Italy into southern Switzerland to work on a daily basis, 4,000 of whom are estimated to work in the health sector - including 120 doctors.

Approximately one fifth of the nursing staff in Ticino are cross-border workers.

PAR 12:44 GMT March 2, 2020
ECB LAGARDE PONZI MAFIA
Reply   
ECB listening to the European people.

The Queen of Frankfurt

USA ZEUS 12:29 GMT March 2, 2020
Gold/Silver
Reply   
Gold/Silver ratio at 95. Pair spread and outright silver purchases initiated.
Cheers!

USA ZEUS 12:26 GMT March 2, 2020
EUR/USD

USA ZEUS 12:44 GMT February 27, 2020
EUR/USD: Reply
USA ZEUS 15:24 GMT February 21, 2020
EUR/USD: Reply
USA ZEUS 00:21 GMT February 14, 2020
EUR/USD: Reply
First trade triggered after initiation at 1.0832
Cheers!
_______________________________________________________
Added short then heavy at the magical 1.07777 super magnet.
_______________________________________________________
Chunky gains taken at 1.0857
______________________________________________________
More chunky gains taken at 1.0960. Remaining at B/E
Take gains at your leisure.
______________________________________________________
All out at 1.1119 for some gnarly gains.
Cheers!

swiss frank 11:51 GMT March 2, 2020


Well said Red. Personally think the higher the better for now. Important levels for me are 1.1180-1.1200 and 1.1450-1.1500.

Mtl JP 11:51 GMT March 2, 2020
Monday Amazing Trader 2 Mar 2020



starting the week:
USD

Hk Ab 11:47 GMT March 2, 2020
Gold
Reply   
Buy now to test bangster

london 11:44 GMT March 2, 2020


euro shorts were beginning to build as momentum was increasing into speculation that the ecb would act again before the end of the year. plus you had the euro at the bottom of its recent trading range which always pulls in speculative bets of a break lower. you also had the funding effect in play.
recent moves have seen us stocks sold profits taken and a reversal of the euro carry trade. ecb expectations are still high for more cuts (tho i personal see largarde on a crusade to get the germans to spend rather than have ecb do more work) but out batting that is the speculation of the fed doing anything from half to a point within the next couple of months.
today the pair can test 11137 if 11095-111 cleared but the key prev peak on daily is at 11239. a break there can see pair test 11350-114. much abv there you have higher high but you need to remember that once the coronavirus panic passes, where ever the pieces fall in terms of growth drop off, the usa is going to be in a better position than europe, as was the case before, so you can expect a false break higher and a return back under 11239 and a a recommencement of the downtrend.

Hk Ab 11:42 GMT March 2, 2020
Yen
Reply   
Going to 102? Hm....

SaaR KaL 11:40 GMT March 2, 2020
USDJPY a buy
Reply   
US Session close
USDJPY 112.04 107.00

swiss frank 11:40 GMT March 2, 2020
ECB LAGARDE PONZI MAFIA

Not to mention a probably drop in tax revenues

PAR 11:38 GMT March 2, 2020
ECB LAGARDE PONZI MAFIA
Reply   
Lagarde is crazy.

She wants governments to conduct expansionary fiscal policies while the ECB is imposing
€ 10 s of billions of taxes on European banks.

SaaR KaL 11:35 GMT March 2, 2020
GBPAUD Longs
Reply   
did one here
adding a lot @
1.9449
1.9464
1.9474
1.9478
1.9492
1.9505
1.9523

swiss frank 11:30 GMT March 2, 2020

Reply   
For the week ended Feb 25 the CFTC CoT report showed the net short EURUSD position continued to build and stands at EUR18.2bn.

A week old but gotta think this is fairly representative of the market and explains A LOT re EUR price action.

SaaR KaL 11:26 GMT March 2, 2020
GBPNZD Long
Reply   
US Session Close Range
GBP/NZD(Close) 2.0776 2.0407

jkt abel 10:39 GMT March 2, 2020
Gold

just do your own thing, ab
it is annoying chasing after people like that

AT Trader john 10:34 GMT March 2, 2020
Monday Amazing Trader 2 Mar 2020

U.S. 10s down to 1.077%, -4.9bp last.
DJ +133 SP +9.2

Hk Ab 10:28 GMT March 2, 2020
Gold
Reply   
Take half off or chase more? Where’s nt?

AT Trader john 10:24 GMT March 2, 2020
Monday Amazing Trader 2 Mar 2020

Early today, odds for a Fed rate cut by the March 18 meeting are 100%. Action of some type by most central banks is already priced in. In the case of the ECB may economists feel a reduction in their negative interest rates would be counter-productive. For those central banks with no room to cut rates further, additional quantitative ease is seen as more likely. Also targeted liquidity injections are also seen as probable. Actions on the fiscal side are seen as another option.

AT Trader john 10:08 GMT March 2, 2020
Coronavirus cases are spreading in Switzerland

I had to look it up. CH has 26 cantons. I did not realize there were so many.

jkt abel 10:03 GMT March 2, 2020
Coronavirus cases are spreading in Switzerland

and that will open up Germany too

HK [email protected] 09:53 GMT March 2, 2020
Coronavirus cases are spreading in Switzerland
Reply   
'
The next shoe to fall.

Nearly half of all Swiss cantons report individual cases of infection

Countless cancelled events

Daniel Koch, the head of communicable diseases at the public health office, said at a press conference on Saturday that domestic infections will be inevitable.
"I assume(!!!???) that the risks linked to Covid-19 will decrease over time and the burden on people will become smaller," said Koch. This is partly because a vaccine is likely to be developed at some point. In the end, the virus "will become a disease like any other that we already know how to handle," he added.

The Swiss border to Italy will remain open, Koch said on Saturday, adding that closing the border to the southern neighbour would not help to stop the spread of the disease.

The border also needed to be open to guarantee sufficient staffing at Swiss medical facilities, Koch said. He also said that schools would remain open.

With such an intelligent leadership, Switzerland will transform to a second Italy.

AT Trader john 09:36 GMT March 2, 2020
BREAKING NEWS

General view seems to be that it is early for the corona virus to have shown up in the February PMI data. Same should be true for U.S data later today.

AT Trader john 09:33 GMT March 2, 2020
BREAKING NEWS

GB Final Manufacturing PMI February 2020

U.K. Charts







-- NEWS ALERT --

51.7 vs. 51.8 exp. vs. 51.9 (r ) prev.





AT Trader john 08:59 GMT March 2, 2020
BREAKING NEWS
Reply   

EZ Final Manufacturing PMIs February 2020





ALERT
09:00 EZ
mfg: 49.2 vs. 49.1 exp. vs. 49.1 flash
08:55 Germany
mfg: 48.0 vs. 47.8 exp. vs. 47.8 flash
08:50 France
mfg: 49.8 vs. 49.7 exp. vs. 49.7 flash
08:45 Italy
mfg: 48.7 vs. 49.2 vs. 48.9




Markit PMI Press Release



SaaR KaL 08:41 GMT March 2, 2020
USA Close ranges

More here
Could start Shorts AUSUSD
Oil SP500

XAU/USD(Close) 1,657 1,558
EUR/USD(Close) 1.1169 1.0993
GBP/USD(Close) 1.2919 1.2697
SP500 2,940 2,692
GBP/JPY(Close) 139.90 135.66
BTC/USD(Close) 8,696 7,712
ETH/USD(Close) 226 182
AUD/USD(Close) 0.6548 0.6437
USOil(Close) 45.50 40.75

AT Trader john 08:34 GMT March 2, 2020
Monday Amazing Trader 2 Mar 2020

Early Monday
DJ: +450
SP: +27.6

2-yr 0.792% -8.6
Spread 10s-2s +33.7 (+23.5)

10-yr
US: 1.129% +0.3
UK: 0.426% -1.6
DE: -0.600% +1.2

EURUSD MACRO TREND: POSITIVE
Spot Rate (Pivot Point)
EURUSD 1.1090 (1.1014)
GBPUSD 1.2785 (1.2822)
EURGBP 0.8673 (0.8591)
USDJPY 108.35 (108.39)

Last week 1.0805-1.1053 (248) pips

mon: 1.1036-1.1090 (54) fri: 1.0951-1.1053 (102)
thu: 1.0880-1.1006 (126)
wed: 1.0855-1.0909 (54)
tue: 1.0830-1.0883 (28)
mon: 1.0805-1.0872 (67)


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20-day avg: 1.0905
50-day avg: 1.1026
100-day avg: 1.1053
200-day avg: 1.1097

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AT Trader john 08:12 GMT March 2, 2020
Monday Amazing Trader 2 Mar 2020

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

Mon 2 Mar 2020
Final Mfg PMIs all day
Tue 3 Mar 2020
AA 04:30 AU- RBA Decision
AA 10:00 EZ- Flash HICP
Wed 4 Mar 2020
Final Service PMIs all day
A 13:15 US- ADP Payrolls
AA 15:00 CA- BOC Decision
A 15:30 US- EIA Crude
A 19:00 US- Beige Book
Thu 5 Mar 2019
A 13:30 US- Weekly Jobless
A 13:30 US- Productivity
Fri 6 Mar 2019
A 13:30 US/CA- Employment
A 13:30 US/CA- Trade

haifa ac 08:12 GMT March 2, 2020
Vix was halted at 50 many times
Reply   
Since 2008 vix was resisted around 50- 4 times (now is 5th)
2010, 2012, 2015, 2018.

SaaR KaL 08:05 GMT March 2, 2020
USA Close ranges
Reply   
XAU/USD(Close) 1,657 1,558
EUR/USD(Close) 1.1169 1.0993
GBP/USD(Close) 1.2919 1.2697

jkt abel 06:08 GMT March 2, 2020
Stocks

that hope will be shortlived, watch indonesian's way of handling this outbreak, number of cases can climb up rapidly in coming days matching those in korea

GVI Forex 06:01 GMT March 2, 2020
Stocks
Reply   
Asian stock markets reverse losses on global policy stimulus hopes

jkt abel 04:50 GMT March 2, 2020
Breaking News: Indonesia also got corona case 2 now
Reply   
Indonesia joins the victims, 2 so far, can climb up really fast given the way things are handled in indonesia, RIP

jkt abel 04:36 GMT March 2, 2020
Gold

not so early and not so sure about bottoming, just be careful with gold

Hk Ab 04:30 GMT March 2, 2020
Gold
Reply   
Bottom again and marching to 2200 RF’s dream target

Hk Ab 03:19 GMT March 2, 2020
Gold
Reply   
Limit 1590, SL 1580 for this

Hk Ab 02:49 GMT March 2, 2020
Gold
Reply   
Time to pick a level to reload

Hk Ab 01:26 GMT March 2, 2020
Gold
Reply   
Pity the rest diamond didn’t kick in at1550....

 




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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