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GVI Trading john bland  16:57:35 GMT - 12/30/2016  

Late in Europe, equity prices are closing mixed. U.S. markets are currently modestly weaker. Across the board, fixed income prices are higher (lower yields). In forex trading, the EUR is mixed on its crosses. The USD is mixed.

Table of Key Current Market Rates

Livingston nh  14:10:15 GMT - 12/30/2016  
My concern for the next few weeks is that as the Torch is passed the current occupant doesn't use it to light the curtains in the WH before he leaves -- The markets may have a few shox

GVI Trading john bland  14:01:40 GMT - 12/30/2016  
The only news today will be the Chicago PMI.

GVI Trading john bland  11:45:31 GMT - 12/30/2016  
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Amazing Trader GBPUSD charts updated on your systems

GVI Trading john bland  11:10:37 GMT - 12/30/2016  
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Amazing Trader EURUSD charts updated on your systems

Trading based on "conventional wisdom" has increasingly become a strategy to be avoided. Financial markets have always reacted very quickly to new information, but I believe universal electronic trading has dramatically shortened the half-life of "ideas". So the strategy of buying USD (selling EURUSD) after the Christmas break into the new year had run its course by the middle of this week. Watching the markets yesterday, the Amazing Trader lines were highlighting the risk of a run at the 1.0500 line and it finally happened after the N.Y. close when markets had thinned.

For today, the HOD has been 1.0662 according to my sources, but I have seen highs all the way to 1.0670. The LOD, if it matters, is 1.0483 from before the spike. I am using 1.0600 and 1.0550 as guideposts until new support and resistance levels are developed. The EURUSD 20-day moving average is now BELOW the market at 1.0522. Early price action today has already cleared out the nearby resting stops. Keep tuned to the GVI Forum as the session develops for timely updates.

GVI Forex Blog  09:56:12 GMT - 12/30/2016  

Pre-Market Forex Trading Ideas for 30 Dec 2016

Forex Trading Outlook

  • The year is ending with a bang. Thursday had been a quiet session, but after the N.Y. close, relentless demand for the EURUSD finally saw this pair break through solid resistance at 1.0500 and then run to 1.0670 in extremely thin conditions. I suspect there was a Chinese reserve-related connection in all this.

  • This has been a difficult end of year period after the unexpected decline in equity prices on Wednesday. Many short-term equity traders mistakenly had gotten set up for "seasonal end of year equity demand". Conventional wisdom can be dangerous at times.

  • One key feature of trading Thursday was the yield in the 10-yr note breaking below the 2.50% barrier to 2.466%, -4.6bp. It was last 2.479%, -0.2bp.


30-Dec Fri
14:45 US- Chicago PMI

2-Jan Mon
Global- Holiday
Various - PMIs
3-Jan Tue
Various - PMIs
08:55 DE- Unemployment
4 Jan Wed
Various Service PMIs
10:00 US- flash HICP
13:15 US- ADP Payrolls
19:00 US- Fed Minutes
5-Jan Thu
Various Service PMIs
13:30 US- Jobless Claims
16:00 EIA Crude
6-Jan Fri
07:00 DE Retail Sales
13:30 US/CA- Employment/Trade

John M. Bland, MBA


Forex Trading Ideas For Friday 30 December 2016

Actionable trading levels delivered LIVE to YOUR charts

GVI Trading. Potential Price Risk Scale
AA: Major, A: High, B: Medium

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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