User Name: Password:      Register - Lost password?
FOREX Forum

Forex Forum     ← Back to Forums


Sort Order: Latest Post on Top - Latest Post Last            Post Reply

GVI Forex Blog  08:48:53 GMT - 02/27/2018  

Trading Ideas for 27 February 2018

Upgrade Your Trading. Try The Amazing Trader


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

Tue 27 Feb 2018
A 08:55 DE- Jobless
B 13:30 US- Durable Goods
A 15:00 US- CB Consumer Confidence
A 15:00 US- Pending Homes Sales
AA 15:00 US- Powell House Testimony
Wed 28 Feb 2018
A 10:00 EZ- flash HICP
AA 13:30 US- GDP
A 15:30 US- EIA Crude
Thu 1 Mar 2018
A All Day final Mfg PMIs
A 13:30 US- Weekly Jobless
AA 13:30 US- Core PCE Deflator
AA 15:00 US- Powell Senate Testimony
A 15:30 US- EIA Crude
Fri 2 Mar 2018
AA 15:00 US- final Univ of Mich


John M. Bland, MBA
co-founding Partner, Global-View.com

Tuesday Trading Checklist 27 February 2018



GVI Trader john  09:11:56 GMT - 02/27/2018  
See the Amazing Trader Live!


GVI EURUSD MACRO Bias: NEUTRAL
This Week: 1.2277-1.2355
Tue: 1.2308-1.2347
Mon: 1.2277-1.2355

Spot EURUSD: 1.2335
Pivot Point: 1.2314

20-day avg: 1.2362
50-day avg: 1.2199
100-day avg: 1.1978
200-day avg: 1.1790

Global-View Daily Trading Chart Points



Fed 25bp hike odds for Mar 21: 98% (98%)
10-yr 2.864% +0.5bp


DAX -6
Fut (FV) imp open
SP -6.8 (-5.5) -1.3
DJ -41 (-64) -22.7

10-yr 2.857% -0.9bp


GVI Trader john  10:21:19 GMT - 02/27/2018  
Today sees a slew of U.S. economic data, but the Powell testimony will dominate. Markets will be wanting take the measure of the man. the prepared text (13:30 GMT) should tell tell us what we need to know about policy. I expect a signal of continuity.


GVI Trader john  10:56:12 GMT - 02/27/2018  
DAX -11
SP +1.8
DJ +45

10-yr 2.873% +0.7bp


Mtl JP  13:49:44 GMT - 02/27/2018  
biased to sell euro rallies while under 1.2345
and trying to keep it simple


Mtl JP  14:18:47 GMT - 02/27/2018  
GVI Trader john 10:21 re "Powell testimony will dominate. Markets will be wanting take the measure of the man."

And the market measure is:_
-10...-5....-3...0...3...5...10
incompetent... ... smart ... ...giant



Mtl JP  14:31:27 GMT - 02/27/2018  
ok... maybe wait for his testimony at top of the hour for the measure


Mtl JP  14:36:19 GMT - 02/27/2018  
coincidental at 10am
Conference Board Consumer Confidence 126.5 vs 125.4
gv risk A rating


Mtl JP  14:51:47 GMT - 02/27/2018  
131.60 eurjpy
200 day 131.23 - still support


london red  15:09:21 GMT - 02/27/2018  
euro channel line by 12234, likely to shelter stops. below 12200/05. bigger interest to buy begins 12165 down towards 120. topside 12365 caps the upside short term. abv 12435/40 points to 125. v lrg 2 wk euro calls bought today with a 125 strike, likely a play on ital elction at wkend.


london red  15:12:54 GMT - 02/27/2018  
dxy channel 90.19. significant.


london red  15:14:25 GMT - 02/27/2018  
*90.23


Mtl JP  19:19:07 GMT - 02/27/2018  
For the record:

..."what we’ve seen is incoming data that suggests that strengthening in the economy. We’ve seen continuing strength in the labor market. We’ve seen some data that will, in my case, add some confidence to my view that inflation is moving up to target. We’ve also seen continued strength around the globe, and we’ve seen fiscal policy become more stimulative."... powell Feb 27 2018

Number of times past tense verbs (we’ve seen) appears: 5x

I challenge jerome and gang to a consistent steady reduction of their $4.4 trillion balance sheet


GVI Trader john  19:19:51 GMT - 02/27/2018  
Equities have sold off on Powell. I doubt this was his intention. Chatter he opened the door to four rate hikes. This strikes me as a stretch. He testifies again on Thursday and will have a chance to "correct" any misconceptions he feels the market has taken from from his first appearance.

Unrelated, imho, the EUR is in a liquidating market.


Mtl JP  19:44:18 GMT - 02/27/2018  
so john u ready to pronounce on Markets measure of the man or wait till Th ?


GVI Trader john  19:59:14 GMT - 02/27/2018  
Let's wait until Thursday to see how reacts to the market reaction to his testimony. So far he has not knocked my socks off, but he had been well prepared.


Mtl JP  20:33:42 GMT - 02/27/2018  
Equities may have sold off on Powell ....

Fed Chairman Powell: Market volatility won't stop more rate hikes
Federal Reserve Chairman Jerome Powell downplays concerns over market volatility and says the central bank remains on course for more interest rate hikes -

https://www.cnbc.com/2018/02/27/fed-chairman-powell-market-volatility-wont-stop-more-rate-hikes.html

He appears to heed "Major central banks should press ahead with interest rate increases, the Bank for International Settlements said on Sunday, while recognizing that some turbulence in financial markets will have to be negotiated along the way. ... Even if there are some short-term bumps in the road ... whatever we do, we will have to do it in a very careful way,� BIS�s head of research, Hyun Song Shin, told Reuters. JP 09:32 GMT September 18, 2017 link

but he appears to have been well prepared - indeed
thing that remains to be seen is how ready to stick it out he will be on the next market puke


Mtl JP  13:13:37 GMT - 02/23/2019  
john 21:52 Feb 19, 2019
Fed Meeting Minutes Wednesday
I believe they are sincere in their intentions, however I have my doubts about their competency to execute their goals.
-----------------------------------------------------------
Trivia about Federal Reserve the responsibility to conduct monetary policy "so as to:
1) promote effectively the goals of maximum employment,
2) stable prices, and
3) moderate long-term interest rates."
That is THREE. Not TWO.

Below is link to Clarida s recent speech in which he makes plenty of mistakes not least of which is his sticking to the concept of centering policy s focus on the 2% inflation - a mistake as a sign of economic growth and not rising prices.

The other issue of course is whether clarida / powell and their over 2000 economist confederates are incompetent as you suspect or if they are just naturally and deliberately evil by misrepresenting inflation.

As I see it offers two things:
a) opportunity for more academic debate by economists
b) elements on which to formulate trading / investment strategies by market participants.
For me b) has more interest.

The Federal Reserve's Review of Its Monetary Policy Strategy, Tools, and Communication Practices



Mtl JP  17:28:32 GMT - 02/23/2019  
More on the FED gang s 2% Inflation Target(ing) mistake:

Fed Officials Talk Up New Approach to Meeting Inflation Goal - bbrg

explains williams (Ph.D. Stanford) that

in order to average 2 percent over a number of years “you are going to have to be over the target roughly half the time and under it roughly half the time. ”



Mtl JP  18:06:56 GMT - 02/23/2019  
According to BBGs Jeanna Smialek
Fed Superstars Lay Out a Map for the Central Bank’s Big Rethink

Basically a propaganda planning exercise whereby the Fed Superstars scheming how to bamboozle business and consumer expectations or how to propagandize so that "People would believe that the Fed was willing to leave rates on hold, the idea goes, so growth and inflation wouldn’t drop as much, and voilà. Crisis averted." ... "with simpler policies might be easier to explain to the general public -- and better communication leads to better outcomes." the last according to Jeanna

Bloomberg’s weekly economic research roundup.






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


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.

Contact us

Start trading with forex broker Markets Cube




pic

Retail Forex Brokerage Changing!

Are you 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.

Our Best Brokers listing section includes:Forex Broker Reviews, Forex Broker Directory, Forex Broker Comparisons and advice on How to Choose a Forex Broker

If would like guidance, advice, or have any concerns at all ASK US. We are here to help you.

SEE Our Best Brokers List

Currency Trading Tools

  • Live rates, currency news, fx charts. 

  • Research reports and currency forecasts.

  • Foreign Exchange database and history.

  • Weekly economic calendar.

Directory of  Forex trading tools

 
Terms of Use    Disclaimer    Privacy Policy    Contact    Site Map


Forex Forum
Forex Trading Forum
Forex Forum + forex rates
Forex Forum Archives
Forex Forum RSS
Free Registration

Trading Forums
Currency Forum Guide
Forum Directory
Open Forum
Futures Forum
Political Forum
Forex Brokers
Compare Forex Brokers
Forex Broker News
Forex Broker Hotline

Online Forex Trading
Forex Trading Tools
Currency Trading Tools
Forex Database
FX Chart Points
Risk/Carry Trade Chart Points
Economic Calendar
Quicklinks to Economic Data
Currency Futures Swaps
Fibonacci Calculator
Currency Futures Calculator

Forex Education
Forex Learning Center
FX Trading Basics Course
Forex Trading Course
Forex Trading Handbook

Forex Analysis
Forex Forecasts
Interest Rate Forecasts
Central Bank Forecasts

FX Charts and Quotes
Live FX Rates
Live Global Market Quotes
Live Forex Charts
US Dollar Index Chart
Global Chart Gallery
Daily Market Tracker
Forex News
Forex Blog
Forex News
Forex Blog Archives
Forex News RSS
Forex Services
Forex Products
GVI Forex
Free Trials
FX Bookstore
Managed Forex Accounts
FX Jobs and Careers
Jobs USA
Jobs UK
Jobs Canada

Forex Forum

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.

Forex News

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

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.

Forex Brokers

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 Trading

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.

FX Trading

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.

Forex Blog

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.

By using this website, you are agreeing to our Privacy Policy and Terms of Use, and Cookie Policy

Copyright ©1996-2019 Global-View. All Rights Reserved.
Hosting and Development by Blue 105