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GVI Forex john   20:58:14 GMT - 05/21/2014  

THURSDAY 22 May 2014
.- - GDP. The second revision to 1Q14 is not likely to be changed much. Unlikely to be a market mover.

- - flash May PMI's. Always closely followed, but we have not been seeing a reliable pass through of the PMI sentiment recently to hard data.

United States:
- - Existing Homes Sales  the most important U.S. housing statistics. It is seen improving.

- - Retail Sales Key Canadian statistic, but it tend to be rather old. Seen weaker,

GVI Forex john   15:09:41 GMT - 05/21/2014  
10-yr 2.545% as equities rally.

GVI Forex Jay Meisler  13:40:04 GMT - 05/21/2014  
Outside day in E URUSD

USDJPY still some distance from Tuesday's 101.60 high

NY JM  13:31:00 GMT - 05/21/2014  
1.3647 (recent low) and 1.3635 (200 day mva) at risk as long as below 1.3678-80 much depends on whether there is an invisible hand defending 1.3645

Livingston nh  12:57:44 GMT - 05/21/2014  
EUR/USD is back below daily 144 ema (1.3678) that has been a long term support (two dips below last week but snapped back to close above) - trade 3 strikes and you're out for a close below - target 1.3546, the level of daily 233 ema and weekly 55 ema

EUR/GBP close at these levels would be lowest since Dec 2012 -- has to be a factor for MPC but sell this for s/t this week target .8014

GVI Forex john   12:50:23 GMT - 05/21/2014  
The sensitivity of the Nikkei to the USDJPY should not be overlooked. The government tends to be a bit slow to act, but expect some push-back from Tokyo if the USDJPY decides to test the psychological 100.00 line.

GVI Forex john   12:31:44 GMT - 05/21/2014  
Interesting, The S&P futures came down to 101.00 in USDJPY on my overlay chart. At that point, USDJPY popped above 101.00 and the S&P traded higher. Now the two are back in their "normal" lock-step. Hard to figure. Its like these markets are just a succession of set-ups?

London Chris  12:29:18 GMT - 05/21/2014  
Kal, there should be sellers at 1.37. I am more interested in your 10 day call.

Mtl JP  11:26:37 GMT - 05/21/2014  
huh... what is this about ?

Bank of England's Bean sees echoes of crisis build-up in markets

GVIForex Jay Meisler  11:18:15 GMT - 05/21/2014  
Suggest reading my

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GVI Forex john   11:02:00 GMT - 05/21/2014  

USDJPY 200-day average now 101.28 spot USDJPY now BELOW all moving averages 5 thru 200 days. Price behavior supportive of chatter that some central banks have been transferring funds out of EUR and into JPY. Perhaps this is anticipation of negative EZ interest rates in just over two weeks?

GVIForex Jay Meisler  10:37:19 GMT - 05/21/2014  
Trading spot using crosses for a clue (example)

Market is shunning the EUR ahead of the ECB and AUD is becoming suspect but market is not rushing into USD - GBP and JPY are the cross beneficiaries.

When those currencies find support vs. the USD, the weaklings tend to get hit.

GVI Forex john   10:34:23 GMT - 05/21/2014  
After USDJPY dipped below 101.00 (currently holding as resistance) , the S&P followed the pair lower but since has been working steadily higher. This has set up a clear divergence between the two and perhaps a tug-o-war?

The DOW and S&P mini futures are both higher.

Note also the 1.3700 level in EURUSD remains magnetic.

The GBP is up vs. the EUR following blow-out (strong) UK retail sales data earlier. In the current environment, we have wonder how far the GBP can diverge from the EUR?

GVI Forex john   10:24:08 GMT - 05/21/2014  
WEDNESDAY 21 May 2014

- - Consumer Confidence not a market mover, but a useful sentiment barometer.

United States-
- - FRB Chair Yellen: Commencement Address at NYU. Don't expect much. This is not the venue.
- - FOMC Minutes: Further detail on the April 29-30 policy decision.

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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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