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.
- - 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.
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GVIForex Jay Meisler 10:37 GMT 05/21/2014 - My Profile
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.
- - 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.
Actionable trading levels delivered LIVE to YOUR charts
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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