21:00 GMT- Mar 5 (global-view.com) Recently we have been focusing a
lot on the impact on open interest (existing positions) on forex trading. It
is our view that these are one of the most powerful influences on trading...
Mar 5 (global-view.com) UPCOMING DATA HIGHLIGHTS: On Monday, the Japanese current account data will be released. In Europe, Swiss unemployment and retail sales are slated. In North America, no key releases are on the calendar.
Belgrade AS 15:58:05 GMT - 03/05/2010
snow....i know....back in time(25 years ago) i was a 14 year old kid whose father got a job as a president of some company(or something...couldn't care less at the time) in NYC...it was so sick (to me) that NOTHING works on days when it snows...not even kids go to school that day!....25 years later,intimately still loving those people(ordinery ones!!!!), i still ask myself "what the wfak is wrong with them?"...50cm of snow...c'mon,men!
nyc ws 15:39:20 GMT - 03/05/2010
The bets were orders below the market hoping for a weather reloated NFP that never materialized. Since then it has been risk ahoy.
Belgrade AS 15:36:36 GMT - 03/05/2010
London HC 15:29 , true!...now imagine "this day" without the "beautifull suprise"(my logic tells me not even imbeciles placed any bets on "beautifull suprises"-outcome)
meaning what?....time to ride the "risk-on" wave,right?
London HC 15:29:20 GMT - 03/05/2010
As as I said earlier, this is day about risk as seen by jpy selling vs everything. There has been very little in the way of retracements to get on board.
Belgrade AS 15:16:22 GMT - 03/05/2010
well,well...that was a beautifull suprise for both usd and u.s. economy.my monky plan failed(i was focused on eur,gbp/usd and pro-risk cancelled out usd positive so they just stood still basicly)
GVI Forex Jay 14:49:57 GMT - 03/05/2010
1.35855 is mid-point of 1.3435-1.3736
Amsterdam Purk 14:39:43 GMT - 03/05/2010
Interesting day in e/u. 13570 is 170 away from the high 13740ish and 130 away from the low 1343o ish.
Lets see which side it goes, no clue but i will be there as top picker bottom cruiser to pick up the crumbs...
i prefer 134 ish. Later this year usd will be crushed.
London HC 14:31:59 GMT - 03/05/2010
Mailman This has been more of a risk trade day than a US dollar day
Richland QC Mailman 14:17:19 GMT - 03/05/2010
sO time buy the greenback when the dust settles?
GVI Forex john 13:47:49 GMT - 03/05/2010
Better than expected...
Click on chart for more than 10-yr history
GVI Forex john 12:49:42 GMT - 03/05/2010
Data due @ 13:30 GMT
Nonfarm Payroll Employment
Non-Farm Payroll Employment is a monthly estimate of the number of payroll jobs at all nonfarm business establishments and government agencies. Information is also provided on the average number of hours worked per week and average hourly and weekly earnings.
The rate of unemployment is released along with this report.
Impact: Growth of employment and hours worked provide important information about the current and likely future pace of overall economic growth. Trends in average hourly earnings provide information about supply and demand conditions in labor markets, which may provide signals about the overall level of resource utilization in the economy.
GVI Forex john 10:42:08 GMT - 03/05/2010
The Daily Forex View
GMT- Mar 5 (global-view.com) The main focus into the weekend is the
release of U.S. non-farm payrolls on the U.S. open. While the U.S. jobs
performance has been improving recently..
Mar 4 (global-view.com) UPCOMING DATA HIGHLIGHTS: On Friday, U.K. core PPI data and German Industrial Orders are due. In North America, U.S. February employment data will be one of the highlights of the month.
Factory Orders (Revision to Advance Durable Goods Orders)
Durable good new orders placed with domestic manufacturers for immediate and future delivery. The advance report is an early estimate of durable goods orders. Two weeks later, more complete and revised data are available in the Factory Orders report. Department of Commerce; BEA.
The report provides information on the strength of demand, from both domestic and foreign sources, for U.S. manufactured durable goods
Pending Homes Sales
The Pending Homes sales index is produced monthly by the NAR. Pending Home Sales become Existing-Home Sales one-to-two months later.
The index derived from Pending Home Sales is used to predict Existing Home Sales, which is the most important U.S. housing statistic.
Purchasing Managers Index ‚Äď Canada Ivey PMI
Most major economies have purchasing managers indices (PMI) released monthly. They are compiled by various organizations. Some focus on the manufacturing sector while others measure the service sector. They are a very current measure of the economic health of the manufacturing or services sector. The PMI indices are usually based on five major indicators: new orders, inventory levels, production, supplier deliveries and the employment environment.
A PMI of greater than 50 represents expansion, compared to the previous month. A reading under 50 represents a contraction, while a reading at 50 indicates no change.
GVI Forex Futures 13:43:38 GMT - 03/04/2010
CB- very good point...
GVI Forex john 13:42:37 GMT - 03/04/2010
Weekly jobless in line with expectations. Still impacted by weather?
Click on chart for seven-year history
dc CB 13:33:08 GMT - 03/04/2010
Re Euro (and other currency) futures Open Interest.
Just be aware that we are in the roll period from Mar to June contracts. March exp 15th - 16th for CD. OI will drop as some Mar are closed without a roll into a June.
GVI Forex futures 13:10:35 GMT - 03/04/2010
Total Open Interest in the EURUSD futures closed at 199,856 contracts, down 3889 from Tuesday. Certainly yesterday saw significant short covering, but also some longs, so the -3889 fall probably significantly understates the amount of short-covering. On the other hand, once short-covering had run its course, the market died. Today seems lackluster as well. Thus its appears that traders are being cautious about changing sentiment.
GVI Forex john 12:52:08 GMT - 03/04/2010
Data Call @ 13:30 GMT
ECB Press Conference
An important component of the ECB policy decision.
Weekly jobless data
Weekly jobless data are the most current read on employment and also the economy.
Initial Jobless claims can be very volatile so many also watch the 4-week moving average to get a better handle on trends.
Continuing claims are used by economists to predict the unemployment rate. These data are not as consistent as they once were as statutory benefit rules have been changing. Changes in the rules can affect the number of individuals eligible for claims. Updated and revised charts to follow after the report.
U.S. Quarterly Productivity
Productivity measures output from a production process per unit of input. Labor productivity is typically measured as a ratio of output per labor-hour.
GVI Forex john 12:46:22 GMT - 03/04/2010
ECB no policy change as expected.
GVI Forex john 12:36:32 GMT - 03/04/2010
Data Call @12:45 GMT
European Central Bank (ECB) Policy Decision
Often major events for forex and other financial markets. After all, forex price swings boil down to money flows. Through their money market activities, Central Banks set the ‚Äúcost of money‚ÄĚ (interest rates). Most target a short-term interest rate. Virtually all central banks, explicitly (or implicitly) target inflation in the medium term, so many traders track price trends closely as an indicator of policy. Central Bank watchers also usually dig deep into central bank policy statements for clues about future policy decisions.
Belgrade AS 12:20:11 GMT - 03/04/2010
HK Kevin 12:11 GMT ,considering how constantly dovish they used to be,i guess "no statement" could be considered ultra-hawkish now,lol
HK Kevin 12:11:51 GMT - 03/04/2010
No statment is surely a good statment.
GVI Forex john 12:03:16 GMT - 03/04/2010
BOE rates and QE total unchanged. No statement.
GVI Forex john 10:43:16 GMT - 03/04/2010
The Daily Forex View
and ECB Decisions Due
GMT- Mar 4 (global-view.com) We focus daily on the oversold
condition of the EURUSD pair on the forex forum. Futures open interest data
can be a great indicator of market sentiment...
GMT- Mar 3 (global-view.com) The announcement of a Greek austerity
package today had a major influence on trading. The latest plan results in
spending cuts of $4.8bln. More importantly, the program received kudos from
both the German and French Finance Ministers...
The Beige Book Report is published eight times per year. Each Federal Reserve Bank gathers anecdotal information on current economic conditions in its District through reports from Bank and Branch directors and interviews with key business contacts, economists, market experts, and other sources. The Beige Book summarizes this information by District and sector. An overall summary of the twelve district reports is prepared by a designated Federal Reserve Bank on a rotating basis.
GVI Forex john 16:12:14 GMT - 03/03/2010
Mar 3 (global-view.com) UPCOMING DATA HIGHLIGHTS: On Thursday, Australian trade data are due. In Europe, Eurozone 4Q09 GDP is slated. Also the BOE and ECB policy decisions are awaited. In North America, U.S. 4Q09 Productivity and weekly jobless claims are due on the open. The session will also see pending homes sales, factory orders and natural gas inventories. The Canadian Ivey PMI will be released as well.
GMT- Mar 3¬†(global-view.com) The announcement of a Greek austerity
package today has had a major influence o trading. Reports suggest that the
plan will amount to cuts of $4.8bln. The cuts presumably are what are being
required from the rest of Europe as the price...
GMT- Mar 2 (global-view.com) We have been looking over various
forecasts for U.S. non-farm payrolls due early Friday in the U.S. Originally
some forecasts had looked for a flat to positive figure.
Mar 2 (global-view.com) UPCOMING DATA HIGHLIGHTS: On Wednesday, Australian, 4Q09 GDP data are due. In Europe, Eurozone and U.K. Service PMI figures are due. Eurozone retail Sales are expected. In North America, the February Private jobs Survey will be released early. The U.S. ISM Service PMI is due as well. Later, the weekly DOE energy data are due. Early afternoon will see the Fed Beige Book.
Total Open Interest in the EURO FX futures contract ended at 202,046 on Monday, -745 contracts. Our best guess is that new LONGS from Friday were squeezed out yesterday. Other ideas welcomed. Looking ahead, keep in mind that the weekly Commitment of Traders Report is based on data as of Tuesday (today) each week.
GVI Forex john 10:46:36 GMT - 03/02/2010
The Daily Forex View
Week In Store
11:00 GMT- Mar 2 (global-view.com) There was more than the usual
uncertainty on policy heading into the Reserve Bank of Australia
decision to hike its benchmark rate by 25bps today to 4.00%...
GMT- Mar 1 (global-view.com) Monday was a very interesting
trading session with the GBP falling out of bed early following word
that the U.K. version of Prudential had agreed to pay $35bln to buy the
AIA, the Asian component of AIG
Mar 1 (global-view.com) UPCOMING DATA HIGHLIGHTS: On Tuesday, Japanese Household Spending and Unemployment data are due. In Australia, the Reserve Bank of Australia will announce its latest policy decision. Opinions are split on whether they hike or not. Retail sales are awaited as well. Swiss GDP are due. Eurozone HICP and PPI data are slated. In North America, the Bank of Canada policy decision is awaited (seen unchanged). The U.S. will the latest API energy inventory data.
U.S. PMI weaker. EZ mfg PMI minor revision earlier today.
GVI Forex john 14:50:38 GMT - 03/01/2010
Buy Entry: Target: Stop: Small request. Please try to fit your trading ideas into the trading template on the post a message page. That way your ideas will stand out with the yellow background and use the reply link when answering.
Thanks to all and keep them coming !
GVI Forex futures 14:30:13 GMT - 03/01/2010
Total Open Interest in the Euro FX futures contract ended at 202,046 on Friday, +3,329 on the day. Its anybody's guess if there was a slew of new longs put on net of short-covering. My guess it was mixed. Total open interest, nevertheless is just shy of a record level.
GVI Forex john 13:50:21 GMT - 03/01/2010
No inflation issues in the U.S...
GVI Forex john 13:47:47 GMT - 03/01/2010
Earlier helped Asian bourses...
GVI Forex john 11:15:06 GMT - 03/01/2010
The Daily Forex View
A More Positive Tone to Trade
Mar 1 (global-view.com) Well we have made it to March. March 16
has been looming as a key date in the Greek fiscal refunding crisis. It
appears that a French/German led deal is shaping up...
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.
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.