Trade Monday has been subdued due to various holidays in key markets. The rest of the
week will see several holidays in Japan due to "Golden Week" observances, plus holiday
closures elsewhere. Today has been featuring monthly final Manufacturing PMI readings in
centers which are open.
Sunday saw weak PMI data from China, while European data have been mixed. Flash PMI
data released about a week ago tends to diminish the final reports, as revisions typically
are only minimal in the final reports. We find the PMI data to be a fair representation of
current conditions, but not a reliable predictor of the future.
This week sees a monetary policy decision from the Reserve Bank of Australia Tuesday.
No rate changes are expected. Then Friday will feature the latest employment data (April)
from the U.S. and Canada.
John M.Bland MBA, CTA, co-founder global-View.com
GVI Forex john bland 10:16:57 GMT - 05/02/2016
Equities -- mild risk on?
US 1.818% -0.7
DE 0.253% -2.6
JP -0.104% -3.0
EUR crosses are mostly higher
WTI $45.61 -0.31
london red 10:25:29 GMT - 05/02/2016
euro. barrier at 115. stops abv but wkly cloud top c. 30 should cap stop run.
GVI Forex Jay Meisler 10:46:08 GMT - 05/02/2016
Tug-of-war led by EURJPY (firmer)
One reason why EURUSD paused (just) below 1.1495 (USDJPY higher). EUR is firmer on most crosses (e.g. EURGBP)
Singapore SC 12:11:28 GMT - 05/02/2016
Any news in gbpusd??? Shooting higher,
GVI Forex Jay Meisler 12:15:25 GMT - 05/02/2016
EURUSD now in lagging position as EUR crosses give back earlier gains. Now depends if 1.15 is being defended.
No news that I have seen on sterling. EURGBP giving back its earlier gains, giving GBPUSD a boost.
Mtl JP 12:20:19 GMT - 05/02/2016
SC 12:11 it is probably the current generalized usd=toiletpaper sentiment atm. if u itch to short suggest closer 1.48
GVI Forex john bland 12:26:12 GMT - 05/02/2016
from GVI Trading Room
Fed Funds Futures (actual Fed Funds 0.37%)
Expected avg May 0.380%; July 0.405% (July is a "clean month" after Fed). Thus no chance for a rate hike in June
Dec 16 Expected value 0.540% works out to near 100% odds for a rate hike in December if none before.
Market Message: flat inflation and continued slow growth USD negative at this hour.
Mtl JP 12:35:46 GMT - 05/02/2016
do u mean that the PhD'ed policymakers could somehow turn around the "flat inflation and continued slow growth USD negative at this hour." in the hour after that ?
GVI Forex john bland 12:39:33 GMT - 05/02/2016
JP- not at all. Its just an admonishment that the "collective wisdom" of the markets is subject to change for any number of reasons and it is in your interest to pay attention to it. It is by no means static.
NY JM 12:40:17 GMT - 05/02/2016
1.15 touched and repelled, suggests a defense or mission accomplished by knocking out the barrier.
GVI Forex john bland 12:41:07 GMT - 05/02/2016
EURUSD running ahead of FF futures. This Is NOT a signal to fade EURUSD!
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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