FOREX BLOGGER

EUR USD bottoms out at 1.4070-40 - BUY

2009-08-18T23:51:00.000-07:00

EUR USD bottoms out at 1.4070-40 - BUY

CITIBANK goes short GBPJPY

2009-08-18T05:07:00.000-07:00

@ 156.40

usdils

2009-08-04T04:11:00.001-07:00

a few anaylsta are saying to go short.
BOI mighe intervene they say -- but are confident usdils @ 3.60
2 months.

anyone have any good put ideas???

GBPUSD

2009-08-04T04:10:00.000-07:00

barclays says sell @ 1.70 buy back 1.66

Short EUR? citi seems to think so.see it going to 1.3870

2009-07-30T00:27:00.001-07:00

Short EUR? citi seems to think so.see it going to 1.3870

EURUSD 3m forecast

2009-07-23T06:04:00.000-07:00

CITI @ 1.42
BCA 1.47
SAXO 1.20
Action Forex 1.47

more on the way..

CITI goes short usdjpy

2009-07-23T00:05:00.001-07:00

CITI goes short usdjpy
SL @ 95
TP @ 87.00
SPOT @ 94

ACTION FOREX SELL AUDUSD @ 0.82

2009-07-17T06:07:00.001-07:00

ACTION FOREX SELL AUDUSD @ 0.82

Action Forex: Sell EUR USD @ 1.42

2009-07-17T06:06:00.000-07:00

Action Forex: Sell EUR USD @ 1.42

MORNING SUMMARY

2009-07-09T00:27:00.000-07:00

* POLICY MIX - Investors' concerns about the prospects of economic recovery have weighed on equities since mid-June. At this point following Election days, equity performance remains the worst under President Obama than any president over the past century

UBS reccomends - BUY CITIGROUP @ 2.65

2009-07-08T06:54:00.001-07:00

UBS reccomends - BUY CITIGROUP @ 2.65

CITI - FX SUMMARY

2009-07-08T03:54:00.000-07:00

Dow Industrials: Head and shoulders neckline breached. The pattern targets 7,640.
S&P 500: Head and shoulders neckline breached. Near term support is at 878 and the pattern targets 821.
NASDAQ: 55 day moving average breached. The Index should test the 200 day moving average at sub 1,300.
VIX Index: Bullish daily reversal posted yesterday. Watch the near term resistance at 31.50, a close above that would be bullish.
DAX Index: Head and shoulders neckline breached. Bearish outside day was posted. The pattern targets 4,130.
Fixed Income – Lower yields expected
U.S. 10Y Yields: Taking out the 55 day moving average support and should test 3.15% and then 3.08%
T-Bond (USc1): Bullish key day up on the price chart and rally through the 55 day moving average. Further gains up to 124 are expected.
Commodities– Crude is weaker still
Crude: Below the 55 day moving average. Lower levels expected
Foreign Exchange – The USD and the JPY should benefit from the above developments
GBPJPY: Should test the 150 and then the 200 day moving average at sub 146.
AUDJPY: Breached the 55 day moving average and is in danger of falling to sub 68.
NZDJPY: Breaching the 55 day moving average today and is likely to test the 200 dma at sub 55.
USDJPY: Watching the 94 area closely.
G10USD Index: Trend support and 55 dma under threat. A down move is USD strength

CITIBANKS NEW TRADE - EURCHF ACCRUALS 1.45 -1.56 - anyone going for that?

2009-07-08T03:07:00.000-07:00

§ Amidst evidence of a stuttering global economy, risk aversion remains the dominant market theme. Opportunities in anti-risk trades such as short GBPJPY continue to look attractive.
§ We cut our long SEKJPY position for a small loss, having clearly jumped the gun on this trade.
§ We take profit on our paid FRA position in South Africa as the potential risk of holding on to the trade has outpaced the potential reward.
§ The new Nigerian central bank governor introduces broad reform measures and while detail is still lacking, odds are for a gradual weakening of the NGN

TRADING VIEWS

2009-07-08T02:55:00.001-07:00

. Current Trading Views
The following trading ideas from the Global Markets Group reflect shorter-term views, which may differ from the longer-term "structural" positions included in our "Top Trades" list further below.

In FX:
1. Stay short KRW/IDR, opened at 8.40 for a target of 7.60 and with a stop on a 1-day close above 8.80.

2. Stay long EUR/$, opened at 1.3890 for an initial target of 1.45 and with a stop on a close below 1.3720.

3. Stay long AUD/JPY at 75.30 with an initial target of 80 and a stop on a close below 74.

On rates:
1. Hold 2-20-yr curve flattener using UKT 6% Dec-28 vs. UKT 3.25% Dec-11, opened at 230bp for a target of 140bp with a stop on a close above 280bp, now at 248bp.

2. Hold long position in an equally-weighted basket of USD and EUR 2-yr interest rate swaps against short in an equally-weighted basket of GBP, CAD, AUD and SEK 2-yr swaps starting 6-mth forward, opened at 50.3bp for a target of 110bp and with a stop at 30bp, now at 79bp.

3. Stay long US Treasury futures (TYU9) at the level of 114-31, for a target in the 118-00/120-00 area, and with stops at 114-31 (tightened from 113-08), now 117-15.

4. Sell protection in 5y Hungary CDS at the level of 343, for an initial target of 250 and a stop loss at 410, now at 339.

5. Stay long September Euribor futures (ERU9), opened at 99.06 for a target of 99.30 and with a stop-loss on a close below 98.90, now 99.06.

Equity Trading Strategies:
Stay square

2009-07-08T02:13:00.000-07:00

As discussed in previous notes, investors’ focus is increasingly away from the inventory-led rebound (heralded by leading indicators of industrial activity, such as our GLI) and towards the issue of the sustainability of the upswing, placing greater empha

Start to SELL GBP USD ON 1.61 rebound look for 1.6020 to get out.

2009-07-08T01:44:00.000-07:00

Start to SELL GBP USD ON 1.61 rebound look for 1.6020 to get out.

Cut long SEK/JPY trade

2009-07-08T01:17:00.000-07:00

Cut long SEK/JPY trade CITI

where is the GBP Going,? 1.62 -1.65 range for next month???

2009-07-02T02:44:00.000-07:00

where is the GBP Going,? 1.62 -1.65 range for next month???

DATE Ccy 1 Ccy 2

2009-06-30T01:17:00.001-07:00

R I P michael Jackson....

2009-06-29T05:01:00.001-07:00

Long AUDUSD short USD JPY - risk averse trades for the new week,

2009-06-29T04:02:00.002-07:00

BCA reseach - Stay long AUDNZD

2009-06-29T04:02:00.001-07:00

GBP FALLING - BUY@ 1.6400

2009-06-24T06:48:00.000-07:00

what an intervantion!!!! 200-300 pips moves in EURCHF

2009-06-24T04:38:00.001-07:00

GBPUSD breaks key tech 1.6550

2009-06-24T00:54:00.000-07:00

intervention AGAIN??? eurchf loooks set to rise

2009-06-23T02:22:00.000-07:00

Action Forex: Sell EUR USD @ 1.3950

2009-06-23T01:21:00.000-07:00

Buy More AUDNZD @ 1.2420

2009-06-23T00:36:00.000-07:00

Sell AUD??? or buy???

2009-06-23T00:23:00.001-07:00

GBP FALLING - BUY@ 1.6400

2009-06-22T05:50:00.000-07:00

Going against the rec`s - BUYING AUDNZD forward @ 1.2535

2009-06-22T05:24:00.001-07:00

Bank Hapoalim - we see USDILS at 4.20 in med term - current spot is 3.9520..BUY IN??

2009-06-22T05:15:00.000-07:00

EUR USD waiting on 1.38 to intitate long

2009-06-22T03:59:00.001-07:00

CITIBANKS NEW TRADE - EURCHF ACCRUALS 1.45 -1.56 - anyone going for that?

2009-06-22T02:30:00.000-07:00

GERMAN CONFIDENCE UP FOR 3rd Mth. watch EURCHF ++

2009-06-22T01:30:00.001-07:00

BANK OF TOKYO BUY EUR USD

2009-06-22T01:23:00.001-07:00

BANK OF TOKYO BUY EUR USD

JP Morgan - Stay SHORT AUDNZD @ 1.2560

2009-06-22T00:09:00.001-07:00

JP Morgan - Hold LONG EUR USD

2009-06-21T23:38:00.001-07:00

BUY EUR USD @ 1.3920 - GUTTEN

2009-06-19T05:04:00.001-07:00

BUY AUD NZD @ 1.2580 for 1.30 + (BARCLAYS / UBS)

2009-06-19T02:57:00.001-07:00

EUR AUD - looks set to go back up

2009-06-19T01:50:00.000-07:00

Euro Advances as EU Leaders Say Economy on Course for Sustainable Recovery

2009-06-19T01:20:00.001-07:00

June 18 (Bloomberg) -- The number of Americans receiving claims for unemployment benefits dropped for the first time since January, adding to evidence

2009-06-18T06:57:00.002-07:00

GBP ADVANCES

2009-06-18T06:57:00.001-07:00

Another $500 profit done on GBPUSD on the 100 Pip move you could have done the same

2009-06-18T06:26:00.000-07:00

/TRADE OF THE WEEK/

2009-06-18T05:01:00.000-07:00

EUR USD looks interesting buy on dips from 1.3850 for
TP @ 1.45
SL @ 1.3550

Traders looking for hints on where the econmomy is going CITI goes Short EUR USD @ 1.39

2009-06-18T03:00:00.001-07:00

GBPUSD - get ready to close short @ 1.6155 take profit

2009-06-18T02:24:00.000-07:00

DONT BE GREEDY

by bye her it goes

2009-06-18T02:22:00.001-07:00

GBP looks good to tumbel down a bit

2009-06-18T02:15:00.000-07:00

2009-06-18T02:14:00.001-07:00

Look for correction in GBP CHF buy on dips @ 1.74-1.7470

2009-06-18T02:05:00.000-07:00

Start Selling GBPUSD for 100 pip target 1.6150

2009-06-18T01:49:00.000-07:00

UK retail drop - watch GBP drop

2009-06-18T01:31:00.001-07:00

EUR CHF drops to 1.5021 - watch ofr SNB intervention

2009-06-18T01:03:00.001-07:00

suspected US missile strike on pakistan - causlaties AFP

2009-06-18T00:36:00.001-07:00

GBP ADVANCES

2009-06-18T00:09:00.001-07:00

GBP ADVACNE AGST USD after kings announcement @ 1.6441
GBPCHF looks nice as well to buy @ 1.7715 for target of 1.80

EUR CHF looks to rise to 1.5280

2009-06-17T06:34:00.001-07:00

wells fargo falls on cut

2009-06-17T06:13:00.000-07:00

S&P revises 22 US BANKS - watch out BAC and C

2009-06-17T06:05:00.000-07:00

XINHUA - SELL USD JPY for TARGET 92

2009-06-17T06:04:00.000-07:00

gbp back up..release @ 1.64

2009-06-17T05:52:00.001-07:00

3miniutes for CPI - get ready tp short USD

2009-06-17T05:26:00.001-07:00

GOLD FALLS 2.70 to 929.50 oz...watch VIX on open.

2009-06-17T05:21:00.000-07:00

BNP says' BUY EUR GBP AUD NZD"

2009-06-17T04:00:00.001-07:00

DONT FEAR

2009-06-17T03:42:00.001-07:00

Dontr fear the GBP correctiojn, just large sellers.
BUY MORE @ 1.6240 look for correction after CPI

HOLD long AUD - GoldmanS

2009-06-17T02:55:00.001-07:00

short USD CAD - CITI REC

2009-06-17T02:28:00.000-07:00

start buy GBP TP@ 1.6450

2009-06-17T02:27:00.001-07:00

GBP- look at the drop

2009-06-17T02:15:00.003-07:00

I hear one major bank selling.
Go Long @ 1.6270

2009-06-17T02:10:00.001-07:00

The primary theme in the currency markets today was the recovery in the U.S dollar as the greenback staged its strongest rally against the Euro since March. However it was a combination rather than a single factor that drove the dollar higher. Concern about the financial sector in Europe, Russia’s shift on reserve diversification, riots in Iran and risk aversion all contributed to the sharp moves in the currency market. In the past few weeks, the dollar become deeply oversold and was due for a serious bounce. Although we are long term bearish dollars the near term outlook has changed. The single biggest reason why investors and traders bailed out of the U.S. dollar over the past few weeks is because they expected central banks to do so as well and now that they have changed their minds, we expect the dollar to extend its gains. Alternatively, traders could wait for a deeper pullback in the currency market before reloading their dollar short positions.

BUY BACK GBP FOR 100 pip - not bad for 5minutes

2009-06-17T01:45:00.001-07:00

SELL GBP NOW!

2009-06-17T01:30:00.000-07:00

UK Claimant Count rate to come out 3minutes

2009-06-17T01:25:00.000-07:00

VIX

2009-06-17T00:53:00.001-07:00

Might be intersting to long VIX? @ 33??

2009-06-17T00:49:00.000-07:00

GBP extends delcine agsts euro to trade @ 84.81

ISRAEL GOVT BONDS extend gain for 4th day

2009-06-17T00:21:00.001-07:00

NOKJPY

2009-06-17T00:19:00.001-07:00

dont know who will play this, bu t this was reccomended 5minutes ago from Barclays 500 pip they are looking for.

GBP 1.6475 - watch for break.

2009-06-16T23:37:00.000-07:00

GBP

2009-06-16T23:35:00.001-07:00

GBP has been trading 1.6350-1.6480 for 1 week, watch today for a break above 1.65. should hold there...UBS reccomends GO LONG

trade idea - EURUSD

2009-06-16T05:37:00.001-07:00

citi goes short EUR USD @ 1.38

Watch EUR CHF for USD CHF break , TRADE IDEA - LONG USDCHF

2009-06-16T01:01:00.000-07:00

2009-06-16T00:06:00.001-07:00

USD CHF to break up ???

EURUSD

2009-06-12T02:00:00.000-07:00

Watch EUR
start short EURUSD for tp @ 1.3850
sl @ 1.4120

EURO ZONE APRIL PRODUCTION BIGGEST FALL

2009-06-12T01:57:00.002-07:00

update

2009-06-12T01:57:00.001-07:00

The US Dollar shrugged off gains across Asian stock exchanges, with the typically safety-linked currency advancing 0.4% against top counterparts. Overnight data saw New Zealand’s Retail Sales beat expectations while Japan’s Consumer Confidence rose for the fifth consecutive month in May.

USD LIBOR

2009-06-12T00:59:00.000-07:00

3m USD LIBOR may fall to 0.62%

TRADE IDEA

2009-06-12T00:58:00.002-07:00

LONG FORWARD: GBPJPY
SL @ 158
TP @ 1.70

carry in favour,
expect GBP to raise in ST

2009-06-12T00:58:00.001-07:00

Dollar gains ahead of ECB retails sales

2009-06-11T06:16:00.000-07:00

FISCHER SAYS - STRONG USDILS would create difficulties.

FACEBOOK - watch out

2009-06-11T04:51:00.001-07:00

Watch out for hackers on friday on SPAM and Trojans.
Reports out indicate as Facebook starts up its name domain,
there will be some sort of mass hack.

2009-06-11T03:53:00.001-07:00

CHF = still holds 1.0790 area - look to break towards 1.0850 in the next few hours.

2009-06-11T03:38:00.000-07:00

us stock indices show green arrows for trading

USD

2009-06-11T03:22:00.001-07:00

dollar may weaken agst euro on bond concern: BNP PARIBAS

News and Events:

2009-06-11T02:46:00.001-07:00

The recent support the USD has garnered on speculation that the Fed would begin to drain liquidity and tighten rates seems to be waning.The USD was weaker across the board in the Asian session, as risk appetite returned (regional equity indexes were broadly higher).Risky assets also got a boost from the news that the US Treasury has cleared 10 banks to repay TARP funds.Tonight in New Zealand, the RBNZ is expected to hold rates at 2.50%. However there is a significant number of analysts expecting a rate cut (bills market are pricing in a cut of 36bp).

GBPUSD

2009-06-11T02:19:00.001-07:00

GBPUSD jumps to 1.6470 on uk confidence - watch US retail sales today @ 3pm EST