JAZES's Posts
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odiaero:Na today ![]() ?? Am out of all trades for today with over 200pipsTomorrow is another day man ![]() |
odiaero:Oga make today end first na ![]() |
During the Asian session, the greenback was able to recover a portion of its losses from Friday. London sees only a slight change in prices with the USD trading off its highs. Greek CDS continue to rise despite latest efforts. AUD could see support on Russian central bank diversification. News from the EZ from this morning included German PPI for May that came out unchanged and reached 6.1% y/y and EZ Current Account deficit for April that widened to EUR 5.1B from previous EUR 3B. The Greek debt saga continues as the decision on the next tranche of the aid will be contingent on Greece meeting all reform plans and austerity measures. Early July will bring voting whether the next tranche will be released. Markets do not seem to be too impressed with the latest developments as the Greek 5 year credit default swap continues to rise and is up 128 bps today. AUD could be supported in the short term by the news that the Russian central bank will diversify about five billion of its USD reserves into the AUD. The support could be only psychological as this round of diversification should be completed over three to six months. As there are no economic data releases due throughout the New York session today, we can expect that trading will be largely determined by three factors: 1. New developments in EZ debt crisis 2. Awaiting Wednesdays FOMC statement 3. Technicals 1. Announcement between French and German leaders last week that an agreement on financial aid for Greece has been reached sent EURUSD almost 300 points higher. If no new disturbing developments occur, euro should be underpinned in near term with a slight upside bias. 2. FOMC starts a meeting on Tuesday June 21st that will culminate on Wednesday by a statement that will shed light not only on the end of QE2 but also on the possibility of QE3 in any form. Investors will look for an assessment of the current situation and answers if the recent worsening of economic data is only temporary set back in underlying recovery or a beginning of another recession. 3. Technicals that traders should pay attention to: GBPUSD 6210-6220 zone: resistance given by previous lows and matching 38.2% fib. ret. at 6216 NZDUSD 8110-8120 zone: strong resistance given by high from beginning of May and multiple lows throughout June. 61.2% fib. ret at 8120. |
Na wa for dis spam bot oo ![]() I hope my post go stay dis time ard oo |
During the Asian session, the greenback was able to recover a portion of its losses from Friday. London sees only a slight change in prices with the USD trading off its highs. Greek CDS continue to rise despite latest efforts. AUD could see support on Russian central bank diversification. News from the EZ from this morning included German PPI for May that came out unchanged and reached 6.1% y/y and EZ Current Account deficit for April that widened to EUR 5.1B from previous EUR 3B. The Greek debt saga continues as the decision on the next tranche of the aid will be contingent on Greece meeting all reform plans and austerity measures. Early July will bring voting whether the next tranche will be released. Markets do not seem to be too impressed with the latest developments as the Greek 5 year credit default swap continues to rise and is up 128 bps today. AUD could be supported in the short term by the news that the Russian central bank will diversify about five billion of its USD reserves into the AUD. The support could be only psychological as this round of diversification should be completed over three to six months. As there are no economic data releases due throughout the New York session today, we can expect that trading will be largely determined by three factors: 1. New developments in EZ debt crisis 2. Awaiting Wednesdays FOMC statement 3. Technicals 1. Announcement between French and German leaders last week that an agreement on financial aid for Greece has been reached sent EURUSD almost 300 points higher. If no new disturbing developments occur, euro should be underpinned in near term with a slight upside bias. 2. FOMC starts a meeting on Tuesday June 21st that will culminate on Wednesday by a statement that will shed light not only on the end of QE2 but also on the possibility of QE3 in any form. Investors will look for an assessment of the current situation and answers if the recent worsening of economic data is only temporary set back in underlying recovery or a beginning of another recession. 3. Technicals that traders should pay attention to: GBPUSD 6210-6220 zone: resistance given by previous lows and matching 38.2% fib. ret. at 6216 NZDUSD 8110-8120 zone: strong resistance given by high from beginning of May and multiple lows throughout June. 61.2% fib. ret at 8120. |
Am loving EU . Anyone in this journey with me ![]() |
odiaero:Na Odiaro dey talk so? My chairman wetin happen today na? No fall my hands ooo ![]() aguiyi:Thank u my bro |
Am buying eur/usd big as soon as i confirm a break of 1.4254 and will follow it till it gets to 1.4323. |
odiaero:What about egungun be careful?? ![]() |
Greek government begins budget debate, Moodys puts Italy on notice for a downgrade, IMF cuts US growth forecast If problems in Greece werent enough for investors to digest then a couple of events on Friday wont have exactly helped with Moodys putting Italy on notice of a sovereign downgrade while the IMF cut its 2011 growth forecast for the US economy from 2.8% to 2.5%. Over the weekend, there has been talk of European ministers mulling withholding half of the next 12bn aid tranche as they seek to defer the day of reckoning and keep Greece solvent while Greek ministers look to pass an austerity budget of 78bn in the face of massive voter discontent. The vote is expected to be held tomorrow. German Chancellor Angela Merkel and French President Nicolas Sarkozys pledge to defend the euro whatever the cost may have brought the single currency some respite late on Friday, but the fact remains that the cost maybe too high for German taxpayers to bear, as they tire of having to bailout the periphery. Eurozone producer prices for May are expected to slip back slightly from Aprils 1% rise, increasing by 0.1%, while the year on year figure is expected to decline to 6.3% from 6.4%. The IMF downgraded its growth forecast for the US economy for 2011 from 2.8% to 2.5%, citing higher commodity prices as well as bad weather in the first quarter and weak housing market. Given that the final reading of US Q1 growth is due this Friday, that particular news item was particularly unwelcome. This weeks FOMC meeting is unlikely to see any change in US monetary policy as the expiry of QE2 looms. GBP edged up after UK property market website Rightmove scaled back earlier predictions for a steep fall in house prices for the second half of the year. Rightmove said asking prices rose 0.6% in June after a 1.3% rise in May. |
nanidee:Norin do me jor We need more of u on NL to keep the fights to the minimal Cheers |
nanidee:Guys, its obvious the OP is just having fun now. Judging from her responses,she has found a way of laughing everything off no matter how annoying those response are. Truth is i am yet to see an OP this matured and cool on NL. Keep it up my sister,i love your spirit ![]() |
Looking at the daily chart on EU,it looks like the its forming a bottom and a break above 1.4336 will be a very good time to buy.If u view the image below, u will notice that price is yet to break the trendline and as long as that trendline remains unbroken then price is going up. A close above 1.4336 today on EU and above 55DMA will finally tell us the uptrend will continue.
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I am loving this thread more and more. Kudos guys Lets keep it going like this |
EURUSD rose +200 pips 3 of the last 2 Fridays on what fundamentals described the reason to be German/French support for a voluntary rollover of Greek debt rather than a full-scale debt exchange with extended maturities. |
Fashola is no doubt more than a leader and comparing him with Goodluck is like comparing sleep with death.The difference is way too much. Eko oni baje oooooo ![]() |
bodejohn:I thought i was the only one who noticed it ![]() |
I just saw the President speak on Channels and i feel like vomiting ![]() There is going to be more bombing the way GEJ is talking and am afraid everybody has to be on the look out cos no one is going to protect anyone. Imagine GEJ speech and i quote"Bombing is happening every where in the world,Nigerians should not panic. We will get over this one too" ![]() |
violent:SPOT ON Truth is no other religion encourages or makes it looks okay to slay "INFIDEL" the way islam does.Its the truth many of them hide from but thats just the truth.U even need to hear some of their imams preach even in south west where people are not too fanatical the way the northerners are. |
violent:I WONDER OOO |
Sagamite:Seconded Sometimes i wonder what this guy is thinking, it makes me wonder at times when GEJ is actually going to step into the office of the [b]PRESIDENT [/b]cos the guy is sure not acting like the president at all. To think we have 4years to cope with this dullard |
Nigerians dont panic, terrorists attacks happens everwhere I dont want to believe GEJ actually say that ![]() |
honeric01:Amen oo ![]() |
Here you go man for the market sentiment: Market sentiment sees a complete turnaround. USD sold across the board on the back of Merkel and Sarkozy meeting in Berlin. UoM Consumer Sentiment is next. See in our Thursday Premium piece how and why we called for longs in EURUSD, S&P500 but intermediate shorts in gold & silver. Risk off sentiment continued in Asia which pushed EURUSD back towards 4130 level. Once the London session started, there was a 180 degrees change. USD is weaker across the board on the back of chancellor Merkel and president Sarkozy meeting in Berlin. Both leaders agreed that they have the same position on Greece and that "private sector involvement in Greece must be voluntary. The German government wants private bondholders to share a part of the losses but it faced a strong opposition. While they both agree that a solution on the Greek issue is necessary and that there is a need to preserve the stability of the euro, not many concrete details have been revealed. Exactly how private entities will be made to voluntarily roll over their bond positions remains to be seen. Chinese foreign minister also helped to improve the sentiment when he was quoted saying that China has been helping by buying Euro debt and that Europe overcoming its debt crisis is vitally important to China. The FX market focused on Merkel/Sarkozy meeting and ignored the widening of EZ deficit that reached 2.9B in April worse than 2.2B in March. New York session news schedule is light today. At 8:30 am ET Canadian Wholesale Sales for April are expected to drop to -0.3% from previous 0.1% followed at 9:55 am ET by US preliminary University of Michigan Consumer Sentiment index for June expected to improve slightly to 74.4 from previous 74.3. This index has experienced three months of straight gains but it is difficult to imagine consumers sentiment to continue to improve while fundamentals deteriorate. The last news of the week is due at 10:00 am ET. The Leading Indicators index for May is expected to improve to 0.3% from previous -0.3%. Given that markets will still be absorbing the result of Consumer Sentiment released just five minutes earlier, the impact of this index is likely to be limited. |
@Honeric01, Na joke i dey joke oooo.No vex ooo aguiyi:Oga,i am through for the week,so i no dey trade today. Infact na sleep i dey sleep since morning,thank for this week |
Kashif:GBAM |
odiaero:Guy, i think u have done enough damage to AUD/USD abeg leave the thing alone na b4 Aussie Central bank Chief come sue you ooo ![]() Kashif:I share your sentiment man,its time to start threading slowly on sell. |
JAZES:How many folks dey chop for inside this downtrend on GU and EU as i talk am b4? ![]() |
We wont see any major reversal on GU and EU till GU gets to 1.6075 region and EU gets to 1.4000 region. So am still going to wait for a move up and sell again ![]() |
odiaero:This is not fair ooo ![]() I am through for the day.All thanks to EU and GU. So guys if u need Liberty Reserve (N165/$)of any quantity or u want to sell(N155/$) just holla me 08036299566 or simply visit swiftecurrency.net to order Cheers |
EU and GU rocks this morning, if you are not making pips on this early morning downtrend, then u are sitting on a long thinggggg ![]() Am in and out of both currency with a cool 132pips ![]() |
odiaero:My chairman u get mouth jorr ![]() But u never even say anything about my proposed ransome of 100k$ when awon boys carry u, abi u no go pay my own ni? ![]() |
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