BBN.usa shorted cad banks , reported their still heavily short gives oil a dismal support.
nw kw 14:33:47 GMT - 04/15/2016
reversal in xau rand,peso,rubal,cad =soft fx but// xaueur strongest jives eup popper strength some gbp, aud but nail eurcad.
Games Begin. gl/
Hillegom Purk 14:14:26 GMT - 04/15/2016
The 7717 short aud/usd closed at 7692.
Have aan Nice weekend.
Livingston nh 12:49:48 GMT - 04/15/2016
Jay - I don't want to jinx him but PURK looks to have this one right - John pointed out the weakness in employment and kw noted China stockpiling - RBA will cut
GVI Forex john bland 12:48:12 GMT - 04/15/2016
Obviously the chart (below) shows the market had built their big CO longs several weeks ago. This shows you how far in advance the "smart money" tends to trade. We won't find out anything new about this week until to late today, so it won't really matter. Nevertheless, it is pretty clear that there is oil to be sold on a disappointment. I think longs have probably been trimmed in the latter part of this week.
GVI Forex Jay Meisler 12:43:11 GMT - 04/15/2016
AUDUSD => 3rd day in a row testing .77+ but yet with a confirming close above it.
GVI Forex john bland 12:39:21 GMT - 04/15/2016
Into the weekend. Last Friday's COT data. We get new data (as of last Tuesday) this afternoon.
Sometimes you feel like you are the only sane one in an insane asylum. Maybe it is just algo world but finally market woke up to the lowered expectations for the Doha meeting.
CAD crosses have unwound and stocks paying some notice to lower oil prices, where $40 is obviously pivotal.
EURUSD took out stops above 1.1295 (target resistance) but only by a few pips.
1.1300 is pivotal as it blocks key levels at 1.1325-45 while on the downside it needs to hold 1.1270-80 to keep a bid.
Not a market of strong convictions.
Livingston nh 11:16:15 GMT - 04/15/2016
OIL - it's 25% above utility value - unless somebody cuts production every move above $40 is a scam - so DOHA is either priced in on "pre Agreement Announcement" or there will be further discussions as parties say "later" -- with interest at these bargain levels this is not the 1980's and the US producers will jump back in at $50
STOX and oil isn't a correlation it's a coincidence
Hillegom Purk 11:05:47 GMT - 04/15/2016
To get some movement with the 95% ers. SHORT AUD/USD 7717 and adding to the move.
Think we will see 7740 and more now :)
GVI Forex john bland 10:54:58 GMT - 04/15/2016
US 1.769% -2.4
DE 0.139% -2.3
GB 1.397% -3.4
JP -0.105% +1.5
wti $40.69 -0.82
EUR crosses mixed
GVI Forex john bland 09:07:43 GMT - 04/15/2016
Trading Themes --
Crude Oil prices have continued to weaken into the OPEC meeting this weekend in Doha.
Many feel they already have a good handle on the likely outcome of the meeting after
reports of an agreement between Russia and Saudi Arabia to cap oil production. Odds are
the global economy will remain over-supplied oil after this week-end.
Equity markets have corrected following the profit-taking trade into the weekend. The
USDJPY has stabilized as markets try to discern a direction for oil. Keep in mind, the
long-time close correlation between the two markets. Traders are also sensitive to recent
threats by Japanese authorities to intervene to contain the strength of the currency.
Chinese 1Q16 GDP advanced +6.70% yr/yr, as widely expected. Analysts saw positive
omens in the underlying data for economic growth. Due to the size of the economy, some see
China a key engine for global economic expansion.
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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