yes its a stealth taper but if u listen to him he is most insistent that policy will remain ultra loose, so that gives an idea of where they want the euro without saying it and offending some germans.
london red 14:52:44 GMT - 12/08/2016
yes daily tenkan. daily close below points at 105 retest while intraday bias to downside while under it.
Belgrade Knez 14:20:58 GMT - 12/08/2016
are you talking about tenkan only on daily or other time frame please?
london red 14:10:34 GMT - 12/08/2016
unable to stay under tenkan at 10651, with bond yields having flipped looks like ran out of downside fuel for now.
GVI Trading john bland 13:56:34 GMT - 12/08/2016
-- did not consider reducing asset purchases if economy does better than expected
-- Tapering was not discussed
GVI Trading john bland 13:53:25 GMT - 12/08/2016
-- tapering was NOT discussed.
london red 13:47:46 GMT - 12/08/2016
bounce off daily tankan, needs strng hourly close 107 or higher or will go to tenkan again.
dc CB 13:46:26 GMT - 12/08/2016
DRAGHI: SUSTAINED EMPLOYMENT GAINS SUPPORT CONSUMPTION.
Brilliant. You can see why the eurozone needs such and expensive group of uberlords.
GVI Trading john bland 13:42:11 GMT - 12/08/2016
Ridiculous, ECB sets policy based on the price of oil. They are tied to their stupid inflation target, no matter where the inflation does or does not come from! Aren't higher energy prices a drag on growth?
Gold struggling also. Maybe a good short for 1160 stop above 1180
london red 13:09:23 GMT - 12/08/2016
bond yields are favouring euro upside (10bund now abv oct low yield) but clearly mkt needs to find equilibrium first.
london red 13:06:32 GMT - 12/08/2016
10690 is sup more at 10675 and 50. needs to move under 10650 for a refocus on 105 barrier.
GVI Trading john bland 13:06:26 GMT - 12/08/2016
ECB explicitly leaves all options open. Suggests to me they aren't 100% confident in the taper?
london red 13:03:57 GMT - 12/08/2016
60/67 might cap any small bounces if higher then 10775 and 108 but its a sell on rallies. they wont let you buy 107 to take it to 109 if its already been up there once. u dont get a second chance but draghi yet to speak so fade bounces while no move abv 10810.
dc CB 13:00:37 GMT - 12/08/2016
From April 2017, the net asset purchases are intended to continue at a monthly pace of €60 billion until the end of December 2017, or beyond, if necessary, and in any case until the Governing Council sees a sustained adjustment in the path of inflation consistent with its inflation aim. If, in the meantime, the outlook becomes less favourable or if financial conditions become inconsistent with further progress towards a sustained adjustment of the path of inflation, the Governing Council intends to increase the programme in terms of size and/or duration.
weasel words. Consider that Angela Merkel may lose, she is the "last man standing". There Will Be "less favorable...financial conditions" for Mario and the ECB.
Kl Fs 12:59:09 GMT - 12/08/2016
Yes red. That is a big one. You must be blind to go long euro with that wick. Just sell!
london red 12:56:06 GMT - 12/08/2016
euro taps prev low 10851 and drops off, shud be supported until draghi speaks u might think but theres a nasty wick on hourly candle showing a top. you suspect they need to test 10690/50 despite whats gone one with the qe news.
Kl Fs 12:52:39 GMT - 12/08/2016
GVI Trading john bland 12:50:21 GMT - 12/08/2016
so ECB tapers QE starting in April 2017. EURUSD spikes to HOD 1.0875.
GVI Trading john bland 12:47:47 GMT - 12/08/2016
ECB extends asset purchases by 9 mos to end 2017
but cuts to 60bln from April 2017
GVI Trading john bland 12:45:12 GMT - 12/08/2016
European Central Bank (ECB) November 2016
Refi Rate Steady at 0.00%
Marginal Lending Rate steady at 0.25%
Deposit Rate steady At -0.40%
Mtl JP 16:35 GMT
that low number shows up here too...Election Eve was it not?
so the Low and the Hi are marked LOL
my take is that this churn in range will continue thru the 14th.
What happens then will say more about Who's Your Daddy(or Gammy) than anything that's happened this year, relevancy-wise.
Will Yellen and the Fed hold sway with their grip(put) on the markets or will Trump's pre Inauguration actual Deals, bring a new reality to the MarkIts. If the latter then Gold(for monetary purposes) and Silver and cousin Copper(for industrial purposes) will confirm. imho silver is the better and cheaper bet as it's both.
either way... imho, Gammy and her Crew, not big twitter users, have lost Hand in the Age of Trump.....:))))))
london red 17:26:03 GMT - 12/06/2016
euro. sup by prev high 10690 and then 10650. close abv daily tenkan and 10dma reqd to maintian upside bias.
cable. tested a whisker off prev bottom by 12780. this move likely to top out this wk. air is getting thinner as we take out more short positions.
GVI Trading17:16:42 GMT - 12/06/2016
12:16 (IT) PM Renzi reportedly will not push for snap elections at party meetings - press
- Source TradeTheNews.com
Mtl JP 16:35:55 GMT - 12/06/2016
16:32 is that too a processor error ?
who wants to prognosticate on the included chart
GVI Trading john bland 16:32:57 GMT - 12/06/2016
Atlanta Fed GDPNOW 4Q16 2.6% vs. 2.9% on Dec 1
Mtl JP 15:01:55 GMT - 12/06/2016
that Canadian Ivy thingie is not worth the weight of mosquito's turd
The Euro has been hit this morning, losing some 50 pips following reports in both La Repubblica and Correre, that Matteo Renzi may stay in power for several weeks before potential early elections in January-February of 2017. According to La Repubblica, Renzi may ask that early elections are held in near future in return for staying in power until then. As previously reported, the next Italian general election must be held no later than 23rd May 2018.
PAR12:22:08 GMT - 12/06/2016
Bankers are running out of private sector solutions for Banca Monte dei Paschi (OTCPK:BMDPY) and have told the Italian lender to prepare for a state bailout this weekend after Matteo Renzi suffered a referendum defeat. While financial markets responded relatively calmly, sources told FT that the political upheaval made it "more difficult" to secure a €1B investment from Qatar on which BMPS's €5B capital-raising plan hinges. Shares in the bank have shed more than 85% in value this year.
PAR11:51:54 GMT - 12/06/2016
He is no longer in power . Probably to join GS . LOL.
GVI Trading11:50:31 GMT - 12/06/2016
EUR may have taken a hit on this:
06:38 (IT) Italy Interior Min: Renzi stated he saw new elections likely in Feb 2017 - financial press
WEEKLY HIGH IMPACT NEWS: 5-Dec Mon
All Day- final Service PMIs 6-Dec Tue
04:30 AU- RBA Policy Decision
10:00 EZ- GDP
13:30 US- Productivity 7-Dec Wed
00:30 AU- GDP
15:00 CA- BOC Policy Decision
15:30 US- EIA Crude
23:50 JP- GDP 8-Dec Thu
02:00 CN- Trade
12:45 EZ- ECB Policy Decision
13:30 US- Weekly Jobless 9-Dec Fri
02:00 CN- CPI
09:30 GB- Trade
15:00 US- University of Michigan Survey
As expected, PM Renzi's Constitutional Referendum in Italy was defeated Sunday. The vote was a resounding "NO" and has seen the Prime Minister tender his resignation. An interim caretaker government will be installed while the political situation is sorted out. The EURUSD fell all the way down to just above 1.0500 before stabilizing and major short-covering setting in. No doubt there has been covert intervention underway by European National Banks, or other agencies.
The U.S. November employment data on Friday was a mixed bag. The 178K increase in Jobs was in line with street estimates, but was nothing to write home about. The surprising fall in the unemployment rate to 4.60% from 4.90% was due mainly to another decline in the Labor Participation Rate and the -0.1% fall in Average Hourly Earnings was a big disappointment.
I see no chance the data will change Fed intentions to raise rates on December 14. Monthly Job statistics and inflation are the two top items on which the FOMC monetary bases its policy decisions. Markets are running 100% odds on a 25bp Fed Funds target increase.
The U.S. Presidential vote recount is an ongoing uncertainty. U.S. Green Party candidate Jill Stein, with Clinton help, is supporting recounts in Wisconsin, Michigan and Pennsylvania. Odds in favor a reversal of the Trump victory are very slim.
18:20 (IT) Italy PM Renzi: Resigns as expected; Turnout was higher than anyone expected; Italian people have spoken
Will hand in resignation to President tomorrow
Vote was a great sign of DemocracyNo camp must now make clear proposals
- Source TradeTheNews.com
GVI Trading john bland 23:28:12 GMT - 12/04/2016
GVI Trading john bland 23:23:46 GMT - 12/04/2016
-- higher than expected turnout
-- Italian people have spoken
-- No camp must present clear proposals
london red 23:00:32 GMT - 12/04/2016
thats when he concedes and resigns. all about 10520 105 and 10450 now that the hammers down. must break and hold below otherwise it hits new hod. there will be no special eu meeting, tusk has said its not deemed necessary so any rumours of them doing anything will just be rumours.
GVI Trading Jay Meisler 23:00:11 GMT - 12/04/2016
Renzi statement to be delayed by 20 minutes, 22;20 GMT
GVI Trading Jay Meisler 22:57:47 GMT - 12/04/2016
RTRS indicated Renzi to speak at 22:00 GMT
london red 22:37:58 GMT - 12/04/2016
eurgbp 8333/1.20 gbpeur getting a bit of sup no doubt.
dc CB 22:28:12 GMT - 12/04/2016
Jill Stein is on a flight to Rome. She is intending to demand a recount. She has already raise $10M after making an announcement 2 hours ago, all from small donations of 10Euros or less. (SARC off)
GVI Trading john bland 22:23:00 GMT - 12/04/2016
Focus now is whether this is a "hard" or "soft" no. Its sounding to me like a hard no...
GVI Trading john bland 22:21:24 GMT - 12/04/2016
GVI Trading john bland 22:03:14 GMT - 12/04/2016
Italy Exit polls "no" vote ahead awaiting details
>> wire services
GVI17:30:14 GMT - 12/04/2016
Report: Exit polls indicate Austria populist right-wing challenger Norbert Hofer (46.4%) has lost to to Van der Bellen (53.6%), Green party leader in contest for President.
>> source: wire services.
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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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