In the EURO FX futures, total open interest in the June contract jumped 14,755 contracts on Friday to 175.925. We are still trying to adjust to the new contract, but we feel they must be new EUR/USD shorts.
GVI Forex john 14:57:34 GMT - 03/22/2010
Mar 22 (global-view.com) UPCOMING DATA HIGHLIGHTS: On Tuesday, after a Monday holiday, the Bank of Japan (BOJ) will release its latest policy meeting highlights. In Europe, U.K. inflation data (CPI and RPI) are due. Belgian leading indicators are used as a predictor of the German IFO survey. In North America, the U.S. will release Existing Homes sales and API energy data. A two-year auction is awaited as well.
GMT- Mar 22 (global-view.com) On Friday we had thought that the
focus of trade Monday would be on the healthcare bill, but the big driver of
prices in North America was mainly EUR volatility due to uncertainty
GMT- Mar 23 (global-view.com) A key focus of trade today continues to be
on the EURUSD pair and on whether it can be stabilized below another big
figure (1.35). The psychology of this relationship
The most closely followed housing statistic by the markets is Existing Homes sales compiled by the NAR (National Association of Realtors). Existing-Home Sales data come out On or about the 25th of each month. The report contains statistics on sales and prices of existing single-family homes for the nation and the four regions. These figures include condos and co-ops, in addition to single-family homes.
A chart of the data is posted following the data release.
Belgian Leading Indicators
Often a reliable predictor of the important monthly German IFO Survey. It is not always released before IFO each month.
GVI Forex john 12:54:29 GMT - 03/23/2010
EURO FX Futures Contract
June Total Open Interest grew to 186,438 contracts +10,553 on Monday. We are fast moving back to near record levels again. I believe the record was just above 200K contracts. We assume the markets added to EURUSD shorts yesterday.
GVI Forex john 13:51:42 GMT - 03/23/2010
U.S. existing Homes Sales at top of the hour. Top U.S. Housing statistic.
Mtl JP 13:59:01 GMT - 03/23/2010
existing house sales will probably need to be off concesus by more than ¬Ī300K count on either side to make a worth while attempt at trying to juice a few reaction pips out of it
GVI Forex john 14:10:59 GMT - 03/23/2010
Existing Homes Sales better than expected
GVI Forex john 14:13:09 GMT - 03/23/2010
Belgian Leading Indicator better than expected -3.7. Better omen for German IFO Survey tomorrow...
GVI Forex john 15:16:02 GMT - 03/23/2010
Mar 23 (global-view.com) UPCOMING DATA HIGHLIGHTS: On Wednesday, no major data are due from the Far East. In Europe, Eurozone flash PMI data are due. The German IFO data are always closely followed. Eurozone industrial orders are expected as well. In North America, Weekly Mortgage statistics are due early. Advance Durable Goods orders are due. Later new Homes Sales will be released. Weekly crude figures are due. Later the U.S. Treasury will hold a 5-yr bond auction.
Something that I have heard more than once recently from disparate sources that I think was worth passing on. Apparently a hot trade for hedge funds at the moment is to buy USDJPY against their other positions. I don't precisely understand the rationale of the trade but it seems to be a popular part of an equity, bond and commodity portfolio. Furthermore, figure that the bulk of fiscal yearend (March 31) JPY repatriations have run their course.
GVI Forex john 19:53:36 GMT - 03/23/2010
The Daily Forex View
Headlines Roil EURUSD
GMT- Mar 23 (global-view.com) Tuesday saw another volatile trading
session. As we noted early in the day, a key focus of trade was the EURUSD pair and on whether it can be stabilized...
GMT- Mar 24 (global-view.com) Forex trading has gotten off to an active
start on Wednesday as the EURUSD has broken decisively through the 1.3400
line, and reportedly taken out DNT options at 1.3400 along the way.
Earlier EZ flash Service PMI better than expected...
GVI Forex john 10:04:05 GMT - 03/24/2010
German IFo better than expected
GVI Forex john 11:33:59 GMT - 03/24/2010
Data @ 12:30 GMT
Advance Durable Goods/Factory 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.
GVI Forex john 11:42:22 GMT - 03/24/2010
EURO FX futures-
Total Open Interest in June ended at 185,239 contracts on Tuesday, -1,199. This amounts to no change in open interest, but conceivably could represent a drop in EURUSD longs being offset by new shorts. Again this is another day that has been hard to call.
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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