Trading the Forex
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That's a very good question there, I don't know if it ever gives him a name but he was very highly exhaulted before his fall. He could of been the very top angel knowing of much influence he had to take a third of the angels with him.
When I read about him being in the Garden on that day I sense he was very worried of what was going to befall him. I mean not in an unholy sense but he was still a man made of flesh and not void of pain. He even said let this cup pass from me. He didn't want to go through but he knew he had to do it. There are 2 different fears in life, the unholy fear of not trusting God and the one having to do something you don't want to do. I mean he prayed so hard before the Soldiers got him he was bleeding.
do you really follow him? now I know where you get some of your views from.
Top Stories
* Kan and Shirakawa to meet on 23rd to discuss yen moves
* UK CPI headline at 3.1%, ZEW current conditions much better but expecations miss
* NIkkei off -0.4%, Europe
* Oil quiet at $75.40/bbl
* Gold remains well bid $1224/oz.
Overnight Eco
* EUR Current Account -4.6B vs. -3.7B
* EUR German ZEW Economic Sentiment 14 vs. 20.9
* EUR ZEW Economic Sentiment 15.8 vs. 10.6
* GBP CPI y/y 3.1% vs. 3.1%
* GBP Core CPI y/y 2.6% vs. 3.0%
* GBP RPI y/y 4.8% vs. 4.9%
Event Risk on Tap
* CAD Foreign Securities Purchases expected at 10.32B
* CAD Manufacturing Sales m/m expected at -0.4%
* USD Building Permits expected at 0.58M
* USD PPI m/m expected at 0.2%
* USD Core PPI m/m expected at 0.2%
* USD Housing Starts expected at 0.57M
* USD Capacity Utilization Rate expected at 74.6%
* USD Industrial Production m/m expected at 0.5%
Price Action
* USD/JPY above 85.00 as fears of interevention maintain the level
* AUD/USD RBA minutes in line, commodities rally helping pair to rise to .9000
* GBP/USD dips to 1.5650 on softer CPI
* EUR/USD rally to 1.2900 stymied by mixed ZEW but remains bid
Euro rallied to take out the 1.2900 figure despite mixed data from the ZEW survey as traders anticipated a positive reaction to the Irish bond auction and equity flows proved supportive of risk. The ZEW survey sent a highly divergent message as economic expectations component declined sharply to 14 from 20.9 eyed but the current condition reading soared to 44.3 from 14.6 in July.
The massive rise in the current conditions sub-index was the highest on record, reflecting the very strong business activity conditions of spring and summer. However, investors were skeptical that the pace of growth in Q2 was sustainable given the fact that it was primarily driven by export flows which in turn benefited from favorable exchange rates. Nevertheless currency traders chose to focus on the impressive current conditions numbers rather than speculate about the possible slowdown to come and pushed euro higher by midmorning European trade.
The EUR/USD appears to have found support near the 1.2700 level and may now stage a recovery rally back towards 1.3000, especially if the data continues to confirm the buoyant conditions in the core economies of Germany and France. Next week the much more important IFO survey along with the PMI data from the key EZ countries should provide investors with much better information regarding the strength of the recovery in the region.
Meanwhile in Japan officials continued to monitor the USD/JPY exchange rate, watching the 85.00 figure very carefully. Prime minster Kan has scheduled a meeting with BOJ Governor Shirakawa for next Monday to discuss possible moves to contain yen’s rise. As we noted earlier, “Although physical intervention in the markets remains unlikely just yet, one possible policy move that Mr. Kan and Mr. Shirakawa may consider is the expansion of the current 20 Trillion yen QE program to a six month tenor rather than the current 3 month time frame. “
In North America today the focus shift once again to the housing market with starts and building permits on the docket. The market is looking for a very slight increase in permits and should the data surprise to the upside, it may help drive USD/JPY on the assumption that the housing sector may be finally bottoming out. On the other hand, another bleak reading could push the pair through the 85.00 figure once again as US yields compress further. As we’ve stated many times before, the USD/JPY is much more dependent on US economic data rather than any policy action from Tokyo.
FX Upcoming
Currency GMT EST Release Expected Prior
CAD 12:30 8:30 Foreign Securities Purchases 23.16B 23.16B
CAD 12:30 8:30 Manufacturing Sales m/m -0.4% 0.4%
USD 12:30 8:30 Building Permits 0.58M 0.58M
USD 12:30 8:30 PPI m/m 0.2% -0.5%
USD 12:30 8:30 Core PPI m/m 0.2% 0.1%
USD 12:30 8:30 Housing Starts 0.57M 0.55M
USD 13:15 9:15 Capacity Utilization Rate 74.6% 74.1%
USD 13:15 9:15 Industrial Production m/m 0.5% 0.1%
lolololol good analogy
yeah he is my strongtower, funny how 10 years ago I had so low selfesteem I couldn't look anybody in the eyes now I am a deacon in my church where I have greet everyone. Changed my life forever.
yeah it did
I will say after some sweating on GU short it was a nice payoff last week. got nervous when it jumped up over 200 pips on me
You have been taught some pretty messed up things. John 3:16 alone rebukes those teachings. It says Christ came so that all would be saved. It never says Christ will come to the Jews and if they reject you then go to the Gentiles.
John
16For God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life. 17For God sent not his Son into the world to condemn the world; but that the world through him might be saved. 18He that believeth on him is not condemned: but he that believeth not is condemned already, because he hath not believed in the name of the only begotten Son of God.
looks like EU will be a good bouncer
yeah I am a football freak, on Sat's my wife just leaves the house lolol I tell her to give me 4 months and you can have the rest, how can you argue with that lol
well I missed 2 fridays ago and then missed monday then tues and before i knew it the week was up. My biggest thing right now is I am trading but I spend a lot of time on Vol nation right now with football right around the corner. love football.
Top Stories
* Japanese GDP growth misses the mark by wide margin 0.1% vs. 0.6% eyed
* EZ CPI in line at 1.7%
* Nikkei off -0.61, Europe up about 50bp on open
* Oil at $75.50/bbl
* Gold rallies to $1220/oz.
Overnight Eco
* AUD New Motor Vehicle Sales m/m -2.6% vs. -1.4%
* JPY Prelim GDP q/q 0.1% vs. 0.6%
* JPY Prelim GDP Price Index y/y -1.8% vs. -1.8%
* JPY Tertiary Industry Activity m/m -0.1% vs. 0.0%
* EUR CPI y/y 1.7%
* EUR Core CPI y/y 1.0%
* GBP Rightmove HPI m/m -1.7% vs. -0.6%
Event Risk on Tap
* USD Empire State Manufacturing Index expected at 8.2
* USD TIC Long-Term Purchases expected at 36.3B
* USD Mortgage Delinquencies
* USD NAHB Housing Market Index expected at 15
Price Action
* USD/JPY trades at 85.80 in teh wake of weak GDP
* AUD/USD .8950 caps the rebound off Asia lows
* GBP/USD 1.5650 remains resistance for now as Roghtmove weighs
* EUR/USD retakes 1.2800 outperforming other high beta FX
Risk aversion continued to dominate trade in FX on the first day of the week in the wake of much weaker than expected GDP figures out of Japan that raised concerns about the strength of the global recovery into the second half of the year. Japanese GDP data printed markedly worse than expected coming in at 0.1% versus 0.6% eyed as growth in the world’s third largest economy cooled on the back of lackluster consumer demand.
Japanese domestic demand declined at -0.2% while external demand rose 0.3%, both missing expectations of 0.1% and 0.5% increases respectively. After recovering from the largest contraction in post war history, consumer demand in Japan appears to have stalled once again as government incentives fade away, while private capex has been sluggish and unable to propel growth in the overall Japanese economy.
Meanwhile USD/JPY has dribbled below 86.00 with 85.00 coming into view once again. Over the week-end Prime Minister Naoto Kan reiterated his earlier statement that he will "carefully monitor" the yen's exchange rates, but for now Japanese officials are relying solely on verbal intervention to dampen the pace of yen’s appreciation with 85.00 remaining the key level for all the participants to watch.
In UK today the Rightmove housing survey showed the second monthly decline in a row with prices dropping -1.7% following a -0.6% decrease in July. The news dovetails with the results from Nationwide last week and indicates quite clearly that UK housing sector is seeing a material slowdown as growth sputters and demand wanes into the second half of the year. Cable initially shrugged off the news rallying to 1.5640 into the London open, but the unit quickly met resistance at those levels and tumbled back to 1.5560 in early morning trade.
The pair is very vulnerable to a further drop below the psychologically key 1.5500 level if risk aversion flows accelerate throughout the day. After getting a lift last week form M&A flows, cable is now faced with trading solely on fundamental news and to that end this week’s data could only accelerate the decline especially if Retail Sales due Thursday miss their mark.
In Europe the EZ CPI data printed in line at 1.7% as forecast, having little impact on the unit. The EUR/USD however was the outperformer of the night remaining relatively well bid near the 1.2800 level. The single currency received some support from a Bloomberg article indicating that China was redirecting some of massive foreign reserve flows towards European rather than US fixed income instruments. Still concerns over EMU periphery economies continue to pressure the unit with Spanish and Portuguese spreads remaining at last week’s elevated levels. One key point of worry for euro bears is that absent a strong export base, Southern European economies will be unable to generate growth to recover from their current contraction.
Meanwhile in North America today the event risk calendar is relatively light with only Empire Manufacturing and TICs data on the docket. Trader anticipate that the Empire data will rebound to 8.1 from 5.1 the month prior, but if it misses, the news could sour investor sentiment for the rest of the day and accelerate risk aversion flows pushing high beta FX lower.
FX Upcoming
Currency GMT EST Release Expected Prior
USD 12:30 8:30 Empire State Manufacturing Index 8.2 5.1
USD 13:00 9:00 TIC Long-Term Purchases 36.3B 35.4B
USD Mortgage Delinquencies 10.06%
USD 14 10:00 NAHB Housing Market Index 15 14
Nebraska is on the come up to so I don't think they want to see them imo. they lost like 2 games last year by 2 points and finished with 10 wins.
yeah I don't think Bamma can do what they did last year as well. I can see them losing 1-2 games this year.
I think Florida is way over ranked, they have too many question marks
lolol why don't we ship them all to USC sorry Basser lolol
College Football Live headline violations for Tennessee Football under Kiffin. What a prick he was for us. UT has so many violations under him it's rediculous
I know that's right, can't wait, you guys will be sporting a pretty good team this year
Sources: Shaquille O'Neal, Celts close
Free-agent center Shaquille O'Neal will likely sign with the Boston Celtics, as soon as Tuesday night or Wednesday, sources told ESPN The Magazine's Chris Broussard.
O'Neal had said earlier Tuesday that he hopes to make a decision about his future soon, and both NBA.com and Comcast SportsNet New England indicated that the Celtics were "close" to signing the four-time NBA champion. Later Tuesday, The Associated Press cited a person with knowledge of the negotiations as saying the Celtics were making progress on a deal for O'Neal.
The Atlanta Hawks had been the front-runner to land O'Neal last month and are not completely out of the picture, sources told Broussard, but they have fallen behind the Celtics.
By adding Shaquille O'Neal, the Celtics would serve notice that they won't be easily pushed aside in the new NBA landscape. Story
O'Neal was not willing to reveal which team he was leaning toward.
"For me, it's been a real thinking process," O'Neal told The Associated Press on Tuesday from Orlando, Fla., where he was promoting his television series, "Shaq Vs.," with teen pop star Justin Bieber. "I came into the league very graciously and want to go out very graciously. My main thought was I would like to play for a winning franchise, somebody that's used to winning, somebody that keeps winning. Hopefully, I'll make my decision here in the next one or two days."
The Celtics can offer only the veteran minimum salary ($1.35 million for a veteran of 10-plus NBA seasons), but Cleveland could facilitate a sign-and-trade with Boston if the 38-year-old center requires more money. O'Neal has made nearly $291 million in basketball contracts alone, including $20 million with the Cavaliers last season.
O'Neal has found a quiet market for his services this offseason, which led some to speculate he might find a better payday overseas. But O'Neal indicated Tuesday that he plans to stay on this side of the Atlantic.
"I know I will play in the NBA next season," said O'Neal. "International? No. The good thing about me and my career is I came in, did it my way, did more than expected. For every athlete or every great person, there's a time when it has to end. When and if it ever ends it will be very graciously.
"We're going to have a big party. We're going to have a ceremony and the next thing I'll be waiting for is the entrance into the place where your name will never be forgotten."
The Celtics will start the season without center Kendrick Perkins, who underwent knee surgery last month and is expected to be sidelined into February. Boston utilized the mid-level exception to sign free agent Jermaine O'Neal last month, but Celtics president of basketball operations Danny Ainge often noted the team remained in the market for another impact big man.
No player on the free-agent market probably offers more potential impact than Shaq, who has averaged 24.1 points and 11 rebounds per game over 18 NBA seasons.
O'Neal appeared on ABC's "Jimmy Kimmel Live" on Monday and said he'd like to play two more seasons in the NBA and that the Celtics would potentially be a good fit for him.
O'Neal stressed to Kimmel that he's on a "730-day program," suggesting he wants to play two more years until he reaches 40. When Kimmel suggested he couldn't picture O'Neal in a Boston uniform, O'Neal responded, "The Celtics would be a good program."
Pressed if he would feel weird putting on a Celtics jersey after spending time with the Lakers, O'Neal simply shook his head and said, "No."
The Celtics have aimed to sign free agents to short-term deals with an eye toward a massive roster turnover following the 2011-12 season. Even by signing O'Neal to a two-year deal, the team would not be jeopardizing its future plan.
Dollar Rebounds on the Hope for Strong Payrolls
The U.S. dollar is finding its legs this morning on the heels of better than expected labor market numbers. With traders chattering about the possibility of the Fed resuming Quantitative Easing, Friday's non-farm payrolls report will play a large role in the Fed's decision and the market's expectations for the monetary policy meeting next Tuesday.
The ISM, ADP and Challenger reports all point to stronger private sector payrolls growth in the month of July. According to Challenger Grey and Christmas, planned layoffs declined by 57.2 percent last month which was more than the amount of layoffs planned for the month of June. Private sector payroll provider ADP also reported an increase of 42k private sector jobs in July compared to 19k the previous month. Considering that ADP undershot private payrolls 9 out of the last 10 months, there should have been a healthy gain in private sector jobs in July. However the U.S. government is still expected to have reduced the number of Census workers by approximately 150k, which will put net job growth at negative levels.
The expansion in the service sector also accelerated last month with the non-manufacturing ISM index rising from 53.8 to 54.3. More importantly, the employment component of the report jumped above 50 which means that more companies in the U.S. are adding rather than reducing workers. The employment component rose from 49.7 to 50.9. The data shows that even though the manufacturing sector initially led the recovery, the service sector has now taken over. There were pockets of weakness in the underlying components including a drop in prices paid, business activity, supplier deliveries and the backlog of new orders, but where it mattered - in employment, new orders and export orders, stronger activity was seen. The latest reports should limit the additional losses in the dollar ahead of the payrolls report.
If the data on Friday shows that companies in the U.S. are adding workers at a faster pace, yields may finally stop falling which is a prerequisite for the U.S. dollar to bottom. With all the recent negative surprises in U.S. data, an upside surprise in an important release such as the non-farm payrolls report will go a long way in restoring confidence in the U.S. recovery and the U.S. dollar. However if payrolls fall short of expectations, the dollar could fall to a 15 year low against the Japanese Yen.
LOLOLOL I guess your right
I don't know because everytime me and my wife see that commercial we crack up
I'm short on GU sometimes you just have to ride out the hard times. there is a retrace coming when don't know
lolololol oh that is bad
she has always been fiesty, I remember her being on celebrity boxing show trying to beat up on somebody lol
lololol I can't remember probaly beat each other
last time I saw her on TV was living in a run down trailer with some dead beat man. I think it was a domestic violence clip on the news can't remember.
well somebody call Tonia harding and do a knee jerker on GU lol sorry crude
just crazy what is going on right now. gonna be a nice fall though
looks like the forex took a shot of cocaine today wow. glad I got out of EU but am still stuck in GU or should I say PU lol
EUR/GBP Long Opportunity at 0.8293
A bullish butterfly pattern is currently forming on the EUR/GBP 1hr Chart below. The trade has excellent symmetry in both time and price. Additionally, the trade would enter near 50% of YZ on the 8hr Chart. This is a textbook set up that has formed nearly perfectly. The only concern is that the pair will see a significant gap down after the weekend. If the pair opens near its current level after the weekend, everything should be fine though. This trade would be invalidated if it rises to 0.8335 before entering.
We are looking to buy the EUR/GBP if it falls to 0.8293 (Point D). Point D is located at the convergence of the following points:
# 127.2% Fibonacci extension of XA.
# 127.2% Fibonacci extension of BC.
# ABCD pattern.
# 50% of YZ on the 4hr Chart.
To recap, we will look to buy the EUR/GBP at 0.8293 with our stop placed at 0.8269. Our initial profit target is 0.8328 (38.2% of CD).
Thanks for the info, I was telling my wife last night of how awesome you are.
no right now it's sticky me lololol
lol you might be right
yeah you have a point
I might jump back in if it climbs depending on how my other trades look
I'll ride her out shoot I was down like 600 pips on EU a couple of months ago and rode the free fall all the way down to 1.28 that was when everyone thought that Greece was going to be ok and it gapped hard. I held because I knew it was bs anyway. I'll hold on GU as well.
I jumped out of EU at 1.25 for 75 pips and jumped in AU
just added here at 1.5710
you'll love oanda, great place to trade