EurAnalysis

German factory orders down -2.7% Bad news for Germany = bad news for Euro bulls

yea but the pa is too complicated right now maybe better to stay sidelines till a setup emerges

everything is related one each other
one thing am notice during these few month that When EU down then GU followed Down or visa versa,look 1H at GU and you will know what I mean..

There is one pairs that seem has formed a complete formation now and I am see every big player found the agreement and ready for the next direction,am looking forward the explosion for minimum 600 pips,,might be happen today or tomorrow and i am might be wrong also...lolz

Indeed quite in London's session. Let's hope we see some action in NY's session.

Yeah, but at least I have my freeroll tournament right now, keeps me busy.

Gamblerrrrrrrrr
Still snow in your place bro?

Yep
Still a lot of snow

Plan next year visit you if you dont mind

LOL! Good way to kill time!

and a few euros

European morning wrap: Inertia rools ok

Bank of Italy Gov: Italy must boost growth

Dutch FinMin: Can’t predict success of Greek PSI debt writedown (who can?)

Dutch FinMin: Netherlands willing to increase size of euro zone rescue fund

Swiss February unadj unemployment rate 3.4%. Seasonally adjusted 3.1%. Both exactly as expected

Spain January calendar-adjusted industrial output -4.2% y/y, weaker than Reuter’s median forecast of -3.9% y/y

German January factory orders -2.7% m/m, demonstrably weaker than Reuter’s median forecast of +0.5%

That was one of the crappiest trading sessions in living memory. Forex markets have ground to a halt ahead of Greek PSI deadline.

We sit at 1.3138 from the 1.3147 which greeted me first thing. We’ve got rumoured 1.3100 barrier option interest to the South and real money sell orders to the north at 1.3180/00, and neither has looked remotely in danger of being engaged.

We saw a brief rally which was helped by Jager’s comment that Netherlands willing to increase size of euro zone rescue fund, but that was nipped in the bud by really poor German factory orders.

USD/JPY sits at 80.73, to the pip where it was when I parked my bum first thing

GBP/USD sits at 1.5730, to the pip where it was when I parked my bum first thing

USD/CHF sits at .9173, to the pip where it was when I parked my bum first thing

Y’all getting the picture now?

Well I'm going to way for a clear signal. The indicators on my hourly chart have been going up and those on the 4 hour chart have just started turning upwards. So I get the feeling that we have not completed our pull back yet.

I'll wait for a better indication as to direction.

I think that would be below 3125 for a short and above 3150 for a long.

come on Horny NewYork

4H not closed yet while 1H form a small pinbar rejected 50% of yesterday daily candle and the small pinbar followed by bearish engulf

dont use any indicator mate,so lag

But I am might be wrong,Just my 2 Yuan


GL

LONDON (Dow Jones)--Thomas Jordan should be good at playing chess.
The chairman of the Swiss National Bank finds himself locked in stalemate with financial markets in his efforts to make the Swiss franc more competitive.

A month or so ago, the central bank's policy of capping the franc at CHF1.20 to the euro was working fine.
Just the sheer strength of the bank's repeated pledges to defend that level was enough to keep investors away and the franc down at bearable levels.

Now, however, it looks like the bank is starting to lose the battle. Over the last few weeks the franc has sat just above CHF1.20, despite a bounce in the single currency that has pushed it higher against most other majors.

This at a time when the general flow into safe havens has been at a low ebb and the level of Swiss interest rates remains far too low to make the currency attractive. In other words, just when financial markets might have made life easier for the Swiss and the SNB, they haven't.
And the pressure from a relatively strong franc on the Swiss economy continues.

A new Kof survey Wednesday may have shown a slight rebound in business sentiment in February but there is still plenty of evidence to suggest the Swiss economy faced a technical recession late last year that continues this quarter.

With small and mid-sized companies reporting that sales prices, cash flows and earnings declined in the fourth quarter despite the cap on the franc, the SNB will probably be keen to make the franc more competitive to help an export-reliant Swiss industry.

So why are financial markets making the SNB's life so difficult?
Mitul Kotecha, chief economist at Credit Agricole, suggests the problem is that the euro/franc pair is closely linked to the differential between Swiss and German bond yields and interest rate futures.

He reckons that once German yields start to rise relative Swiss ones, the franc could finally come under pressure against the single currency.
Certainly, with recent data still suggesting a downturn and with German numbers implying continued strength, this adjustment in yields should not be too far away.

However, there is little sign of a move just yet, and the SNB, and Jordan, will be left with stalemate--a franc that is stronger than it would like but not rising.

All Jordan can do in the meantime is repeat his calls for a weaker currency and hope the euro will eventually start to fall.

No, no! Here we talk Euro!

Market = Naughty = Like teasing

My 2 Yuan - my 2 cents

Prepare for that...lolz

Tricky tricky Yen

yea u r right . i just checked it aswell usually GU has been more volatile but yea the same result .
where do u see this explosion heading north or south ?

Wednesday, March 7, 2012 7:44:36 AM
Romney fails to break out on Super Tuesday. Mitt Romney won six out of 10 state contests yesterday, including obtaining a narrow victory in the key battleground of Ohio, although the inconclusive nature of the results means the GOP nomination race still has a long ways to go yet. Romney remains as front-runner but Santorum is still in the hunt.
Tension rises as Greece's debt deadline nears. With Greece's debt-swap deadline just a day away, the posturing continues from bondholders and Greek officials, with some Greek pension funds and foreign investors rejecting the offer, and the government threatening effective default. However, some of the largest private holders are falling into line, including SocGen, Assicurazioni Generali and UniCredit, as well as Greece's six largest banks.
Gas prices to hurt iPad 3 sales, says Global Equities. With a frenzy of hype and speculation almost causing burst arteries across tech land, Apple (AAPL) is expected to unveil the iPad 3 today. However, bucking much of the bullish commentary, Global Equities thinks consumers won't line up for the new tablet if gas prices remain elevated. "Our observation is that iPad 3 will get a subdued reaction, until and unless gasoline prices fall by 25%," Global Equities said. Apple is apparently hoping that a 4G connection will prove otherwise.
Bunge, Glencore eye $5B Gavilon. Bunge (BG) and Glencore (GLCNF.PK) are reportedly among the companies that have expressed an interest in the possible sale of U.S. energy and grains trader Gavilon Group. Privately-held Gavilon began exploring fundraising options in January, with bids due soon for a potential sale that could be worth up to $5B.
Statoil leads race for Anadarko's $3B-$4B Brazil ops. Norway's Statoil (STO) is said to be the frontrunner to buy Anadarko Petroleum's (APC) Brazilian operations, edging out France's Total (TOT) and Denmark’s Maersk for the assets, which are valued at $3B-$4B.
Fears grow for future of utility bought in $45B P-E deal. The steep fall in natural gas prices over recent years has sparked doubts about the future of Texas utility Energy Future Holdings, which, as TXU, was bought by a P-E consortium led by KKR (KKR) Goldman Sachs (GS) and TPG for $45B in debt and equity in 2007. Investors fear a sharp drop in revenues due to the expiry over the next two years of hedges that protect Energy Future from the fall in gas prices, The Financial Times reports. And in 2014, the utility faces its first significant debt maturities.
France has doubts about Iran talks. French Foreign Minister Alain Juppe is skeptical about the chances for success of renewed talks between six world powers and Iran over its nuclear program, which were announced yesterday. "I think Iran continues to be two-faced," Juppe said today. "That's why I think we have to continue to be extremely firm on sanctions."
Stanford victims hope for their money back following conviction. Having yesterday convicted Allen Stanford of operating a $7.1B Ponzi scheme, the jurors in his trial are now hearing evidence about whether to allow prosecutors to obtain over $300M in forfeiture from bank accounts controlled by Stanford. The money would be used to start paying thousands of his victims.
Ford awards Mulally almost $60M in shares. Ford (F) CEO Alan Mulally reaps the benefits of reviving the car maker's fortunes, receiving $58.3M in stock as part of an incentive plan from 2009. Ford has awarded Mulally over $100M in stock over the past two years.
Good results for anti-depressant drug from Forest, Pierre. Forest Labs (FRX) and France's Pierre Fabre Medicament have reported a second set of positive results in Phase III trials of the anti-depressant drug levomilnacipran. With the outcome of another study due in the Spring, the companies plan to file for FDA approval this year.
Netflix looks to offer service on cable TV. Netflix (NFLX) CEO Reed Hastings has "quietly met" with executives at top cable providers about making the video service available as a subscription option, Reuters reports. At least one cable operator could experiment with offering Netflix by the year end. Hastings recently suggested the firm's service will eventually be included in cable packages.
By Yigal Grayeff and the Market Currents team

Today's Markets:
In Asia, Japan -0.6% to 9576. Hong Kong -0.9% to 20628. China -0.7% to 2395. India -0.2% to 17146.
In Europe, at midday, London +0.3%. Paris +0.7%. Frankfurt +0.3%.
Futures at 7:00: Dow +0.4%. S&P +0.5%. Nasdaq +0.5%. Crude +0.6% to $105.31. Gold +0.6% to $1682.00.

Wednesday's economic calendar:
7:00 MBA Mortgage Applications
7:30 Challenger Job-Cut Report
8:15 ADP Jobs Report
8:30 Productivity and Costs
10:30 EIA Petroleum Inventories
3:00 PM Consumer Credit