1)Energy Co Stocks which are circling.
2) Financials - which circling the drain due to their loan exposure to near or bankrupt energy companies.
GVI Forex john bland 15:21:28 GMT - 03/09/2016
another build in crude inventories seen today.
NY JM 15:02:00 GMT - 03/09/2016
Looks like flows are in JPY crosses vs offsets elsewhere (note AUDJPY)
GVI Forex john bland 14:45:04 GMT - 03/09/2016
Bank of Canada at the top of the hour. No rate change expected, but a dovish statement likely.
GVI Forex Jay Meisler 14:44:27 GMT - 03/09/2016
I posted this earlier on GVI Forex
GVI Forex Jay Meisler 13:29:36 GMT - 03/09/2016
My levels work
Note 1.0979 held dead on
USDJPY: No one talks about March 31 fiscal year end, which used to be a key focus this time of year.
Be on watch for signs that fiscal year end repatriation flows have run their course if in fact this has been a source of JPY demand
Mtl JP 14:16:31 GMT - 03/09/2016
net short euro COTs heading into Draghi were 2.5x of current one
one can speculate whatever one wants on what it may or not mean for a reaction to how-ever a disappointment would be perceived
Personally favour selling euro on pops while under 1.10 and under 1.1050
PAR14:15:01 GMT - 03/09/2016
Goldman doubles down on calls to short the euro ahead of ECB
Goldman’s economists have called for a 10 basis-point deposit-rate cut, and for the central bank to increase its monthly asset purchases by €10 billion. But Brooks believes the ECB will go even further — possibly cutting its deposit rate by 20 basis points or more while committing hundreds of billions of additional euros to its program of monthly asset purchases.
The Goldman team has stood by its call for the euro to hit parity with the dollar even as many other strategists have backed away from that view over the past six months.
Goldman’s current forecasts put the euro at 95 cents in 12 months.
bali sja 13:59:57 GMT - 03/09/2016
nh, agree with that
market is positioning that way...
Livingston nh 13:55:52 GMT - 03/09/2016
JP - on top of other issues an ECB " disappointment " sees sub 1.08 pretty quickly
jkt abel 13:54:51 GMT - 03/09/2016
sja, too early to tell, could easily fall back
bali sja 13:53:04 GMT - 03/09/2016
usdjpy sending buy signal....
PAR13:52:04 GMT - 03/09/2016
BANK OF AMERICA: Central banks are losing the ability to turn 'water into wine'
bali sja 13:47:38 GMT - 03/09/2016
so Draghi does not need to appear, euro is already tanking
he must be having an easy day tomorrow
Mtl JP 13:34:35 GMT - 03/09/2016
nh to put some numbers on the "disappointment" :
unless u r part of the "In the Circle" privileged ones and known already that the Italian will be announcing a minimum 25base points cut get ready for 1.1+ euro
Livingston nh 13:19:15 GMT - 03/09/2016
Oil's recent run-up may see profit taking regardless of the inventory figures
Setup for ECB depends on market reaction to "disappointment" - last time EUR jumped but it would be a bit unusual to react the same way twice (if Draghi wants a 1.07 EUR he may see this too)
CAD active if BoC seen as bit hawkish to offset new PM's fiscal policy
PAR12:41:52 GMT - 03/09/2016
Non performing Italian loans > Put in an Italian bad bank > give Italian state guarantee to the non performing loans > sell these non performing loans with an Italian state guarantee to the ECB
Madoff Squared .
PAR12:35:04 GMT - 03/09/2016
For Italian banks negative interest rates are no problem since they have NO MONEY .
Israel Dil 12:07:02 GMT - 03/09/2016
what Draghi can do while the major drive is ro 'sustain' social rest?
with the holy ratio:
10% untouchable because they are financially poor
80% keeping paying taxes for everybody and without any time either energy left to make any change
9% untouchable because their assets keep the balance
1% controls the masses narrative and for themselves they can anywhere and they can anything as they wish
so, what Draghi can actually do?
London Chris 11:33:10 GMT - 03/09/2016
The reason Draghi didn't deliver was because he could not get the votes to do it.
Same risk this time if the hawks make a case to not be aggressive.
Watch headlines vs, substance tomorrow.
Mtl JP 11:22:08 GMT - 03/09/2016
“There is little doubt in our minds that the ECB wants to surprise this week, not just because of the inflation picture, but also because it disappointed in December, inadvertently tightening financial conditions materially,” Goldman Sachs chief currency strategist Robin Brooks
now - right or wrong - there is a trade idea.
at least Brooks does not drain himself by whining and complaining into feeling miserable like ib or PAR who - like almost all - were born crying but live complaining to likely die disappointed
PAR11:06:02 GMT - 03/09/2016
Draghi - " you cant always get what you want " .
Something will always go wrong with Draghi policies . The Euro will go down but the banks will go bankrupt . Market rates will go up and Italy will go bankrupt . What comes out of Frankfurt may be good for some hedge funds but has always been bad for the rest of the world .
PAR11:00:57 GMT - 03/09/2016
As must be prophet Mohammed .
Israel Dil 10:59:05 GMT - 03/09/2016
when Draghi wants it down then it goes below he low of ~1.04
Brisbane Flip 10:58:06 GMT - 03/09/2016
PAR Marx and Lenin must be very proud of how Europe is turning out...
ECB will buy non performing loans , bank shares , energy shares , Italian real estate , French milk, spanish porc and huge quantities of Greek ouzo .
bali sja 10:49:17 GMT - 03/09/2016
Draghi will make sure euro sees 1.07-1.08
Mtl JP 10:34:18 GMT - 03/09/2016
dlryen tells you that about the only thing being produced in China in quantity is copious amounts of bullsh!t
audusd up around 0.7490 has yet to figure out what the japanese know already
GVI Forex john bland 10:24:04 GMT - 03/09/2016
US 1.866% +3.6 bp
DE 0.198% +2.1
UK 1.411% +6.9
JP -0.021% +7.4
WTI $37.06 +0.58 ($37.12-36.25)
EUR broadly lower on its crosses
GVI Forex john bland 10:14:56 GMT - 03/09/2016
Tomorrow's ECB policy decision remains the headline event of the week. A break in
EURUSD to below 1.10 today could be in anticipation of ECB ease. While President Draghi is
expected to make a dovish presentation, many fear his actions will not measure up to his
Street expectations are for the central bank to cut the Bank Deposit Rate by another
10bps to -0.40%, and possibly increase its bond purchases (QE).
Central bank policy decisions are due over the day from the Bank of Canada and the
Reserve Bank of New Zealand. No rate changes are seen from either. Both are expected to
maintain a dovish tone to their policy statements.
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
Global-View Affiliate Program
We are starting an affiliate program to market some of our products.
Send me an email if you would be interested or if you know someone who would like to be an affiliate. Generous commissions payout for those accepted.
Put the word "affiliate" in the email subject line.
looking for your first broker or do you need of a new one? There are
more critical things to consider than you might have thought.
We were trading long before there were online brokers. Global-View
has been directly involved with the industry since its infancy. We've
seen everything and are up-to-data with recent regulatory changes.
The Global-View Forex Forum is the hub for currency trading on the web. Founded in 1996, it was the original forex forum and is still the place where forex traders around the globe come 24/7 looking for currency trading ideas, breaking forex news, fx trading rumors, fx flows and more. This is where you can find a full suite of forex trading tools, including a complete fx database, forex chart points, live currency rates, and live fx charts. In addition, there is a forex brokers directory where you can compare forex brokers. There is also a forex brokers hotline where you can ask for help choosing a forex broker that meets your individual fx trading needs. Interact on the same venue to discuss forex trading.
The forex forum is where traders come to discuss the forex market. It is one of the few places where forex traders of all levels of experience, from novice to professionals, interact on the same venue to discuss forex trading. There is also the GVI Forex, which is a private subscription service where professional and experienced currency traders meet in a private forex forum. it is like a virtual forex trading room. This is open to forex traders of all levels of experience to view but only experienced currency tradingprofessionals can post.
Currency trading charts are updated daily using the forex trading ranges posted in the Global-View forex database. You will also find technical indicators on the fx trading charts, e.g. moving averages for currencies such as the EURUSD. This is another forex trading tool provided by Global-View.com.
The forex database can be used to access high, low, close daily forex ranges for key currency pairs, such as the EURUSD, USDJPY, USDCHF, GBPUSD, USDCAD, AUD, NZD and major crosses, including EURJPY, EURGBP, EURCHF, GBPJPY, GBPCHF and CHFJPY. Data for these currency trading pairs dating back to January 1, 1999 can be downloaded to an Excel spreadsheet.
Forex chart points are in a currency trading table that includes; latest fx tradinghigh-low-close range, Bollinger Bands, Fibonacci retracement levels, daily forex pivot points support and resistance levels, average daily forex range, MACD for the different currency trading pairs. You can look on the forex forum for updates when one of the fx trading tools is updated.
Global-View also offers a full fx trading chart gallery that includes fx pairs, such as the EURUSD, commodities, stocks and bonds. In a fx trading world where markets are integrated, the chart gallery is a valuable trading tool. Look for updates on the Forex Forum when the chart gallery is updated.
Global-View.com also offers a forex blog, where articles of interest for currency trading are posted throughout the day. The forex blog articles come from outside sources, including forex brokers research as well as from the professionals at Global-View.com. This forex blog includes the Daily Forex View, Market Chatter and technical forex blog updates. In additional to its real time forex forum, there are also Member Forums available for more in depth forex trading discussions.
WARNING: FOREIGN EXCHANGE TRADING AND INVESTMENT IN DERIVATIVES
CAN BE VERY SPECULATIVE AND MAY RESULT IN LOSSES AS WELL AS PROFITS. FOREIGN
EXCHANGE AND DERIVATIVES TRADING IS NOT SUITABLE FOR MANY MEMBERS OF THE
PUBLIC AND ONLY RISK CAPITAL SHOULD BE APPLIED. THE WEBSITE DOES NOT TAKE
INTO ACCOUNT SPECIAL INVESTMENT GOALS, THE FINANCIAL SITUATION OR SPECIFIC
REQUIREMENTS OF INDIVIDUAL USERS. YOU SHOULD CAREFULLY CONSIDER YOUR FINANCIAL
SITUATION AND CONSULT YOUR FINANCIAL ADVISORS AS TO THE SUITABILITY TO YOUR
SITUATION PRIOR TO MAKING ANY INVESTMENT OR ENTERING INTO ANY TRANSACTIONS.