₦airaland Forum

honeric01:
^^^^

You better work on yourself and don't pick on every comments you read on this thread so as to not to be disappointed.

What do you mean? Are u saying my chairman is lying,
so u mean say if we kidnap Odiaro,there wont be any 130k$
for boys?

Please clarify cos plans is in top gear ooo to carry the guy
till he gives back 100k$ back to chairty

A wave of risk aversion smashed over markets Wednesday, driving the euro more than 250 pips lower and hammering stocks. Political disarray in Greece and continuing weak economic signals triggered the move. New Zealand's business PMI is the highlight of the Asia-Pacific session.

Intensifying protests in Greece emboldened protestors who attempted to storm Parliament. At the same time, opposition leaders are attempting to force out PM Papandreou. A cabinet reshuffling has been annouced and some reports suggest Papandreou has offered to step down as long as new leaders respect the terms of the bailout package. The uncertainty is weighing on negotiations with EU leaders and market participants are now questioning whether the bailout (which was assumed to be completed two weeks ago) will go forward.

Other factors that weighed on sentiment included: 1) A -7.8 reading in the Empire Fed compared to the +12 expected. 2) US industrial production expanded 0.1% vs the +0.2% expected. Metrics on rail and truck transportation also flashed further contractionary signals. 3) US core CPI rose 0.3% vs 0.2% expected. Higher inflation gives the Fed less flexibility to stimulate the economy. 4) Irish leaders said they want senior bondholders to take a haircut on the bonds of bailed out banks.

The USD was the chief beneficiary of the risk aversion and the DXY rose the most in 8 months. The S&P500 fell 1.7% to 1265 and oil closed below $95. Gold and silver were among the small number of commodities that made gains. Cable was the second-worst performer due to European proximity and dovish comments from King. Although he asserted that rates will eventually need to rise, he said low M4 is a negative for inflation and that lending spreads must tighten before rates rise.

Blog icon:
TP of 120 pips hit on Gbp-Jpy. If you followed my sell call on this pair, your trading account should be smiling as I type this.

Also TP of 160 pips hit on Aud-Usd sell. Didn't have time to give a comprehensive call on this one. That gives a total of 280 pips for today. All thanks to God for the bountiful harvest from the markets today. I think this weeks trend is paying off for the dull moves of last week; had to take only one position last week.

I have just set a sell stop order on Usd-Chf. I think it is set for a southward swing. The pair has moved up to a key resistance level on the daily charts and is currently showing bearish price action rejections of the level(0.8550 to be precise). Watch out for my detailed analysis of the pair. Would be back shortly. Got to go and eat. Safe trading.

Good one there man.
Keep it coming

aguiyi:
kidnapping you wouldnt be a bad idea , anywayz,dont come near ph yet oooooooooooo

HA HA HA HA HA

JAkpayen:
/\ If market no dey FX na there I dey always run to.

I agree with u bro,gold dey make sense
You can hit your weekly target in a single trade
when u trade Gold but it can be very risky too because
of its volatility.

odiaero:
Sure man, that is on Volumes account, which is much bigger than Standard, minimum deposit on volume account is 100 while some broker 50k, so check when u have like 1.2M USD in an account

U get mouth die,Olenu pa
In case u need Liberty Reserve or u wan sell no hesitate
to contact me ooo.
0 8 0 3 6 2 9 9 5 6 6

odiaero:
^^ You are late man, where have u been?

No mind starcomms jare,dem do me strong thing today
but anyway all my pending orders trigger.
I don dey shout sell since yesterday and i
can see say enough peeps don chop plenty today.

Odiaro,
did u just say $123k
Omo that one na Money Laundering o,Sanusi +Bernake+Trichet dey look
for u ooo

London session sees USD stronger across the board. GBP drops after disappointing labor market data. EUR ignores decent Ezone industrial production amid ongoing Greek debt uncertainty. US Consumer inflation industrial production is next.

GBP drops after claimant count Change showed the largest increase since February 2010 standing at 19.7K vs. 7.1K expected. Unemployment rate stayed at 7.7% but the Average Earnings Index decreased from 2.4% to 1.8%. GBPUSD is currently about 120 points below London open.

EZ Industrial Production for April improved to 0.2% from previous unchanged reading. Market expected a contraction by 0.1%. The fact that the Euro ignored this news and continued lower, combined with ever increasing spread between German and EZ periphery bonds shows that the pressure on the Euro is building. The meeting of EZ finance ministers who failed to achieve anything significant did not inspire much confidence either.

New York session kicks off at 8:30 am ET with US May CPI expected to decrease from 0.4% to 0.2% which would be the lowest reading since 12/2010. Core CPI is expected to grow at steady pace at 0.2%. The annual CPI is expected to increase from 3.2% to 3.4%. As QE2 comes to an end, the various inflation measures become even more important because the inflation level may determine a course of future FED action.

TIC data has been declining for five straight months showing less interest that foreigners have in holding longer term US securities. On a net basis, capital flow is expected to show an improvement to 45.3B from previous weak print of 24B. TIC data is due at 9:00 am ET.

9:15 am ET May Industrial Production expected to increase to 0.2% after unchanged reading last month.

Low volatility that is often seen during New York afternoon could be stirred up at 3:45 pm ET when BoE's Mervyn King gives speech in London.

Am loving EU downtrend, already up by 80pips
Na to trail remain now cos i see a small pull
back soon

aguiyi:
guys, check my expectations from this pair and tell me what u think

GU is definitely coming down at least till it gets to 1.6221, no doubt

Asia-Pacific Preview

NZ March retail sales rose 2% in the March quarter, the biggest increase in four years. Core retail sales, (ex auto-related industries, rose 0.9%), NZDUSD has not reacted on the news as risk assets have been unable to extend the US rally into Asia.

Meanwhile in Tokyo, Japan's Finance Minister was cited by news wires that currencies should reflect economic fundamentals and that he is closely watching FX markets. Fading the gains towards 81-82 is expected to ensue even as intervention threats beckon. Renewed break below 80 is viable by early July before the next tankan survey.

Positive sentiment snapped back after better than expected US retail sales on Tuesday. The commodity currencies surged while CHF and JPY lagged in a classic risk on pattern. New Zealand Q1 retail sales rose by the highest in 4 years.

US retail sales declined 0.2% in May compared to the -0.5% expected. Automotive sales slumped badly but analysts say they are confident this is due to Japanese supply disruptions in part because of positive signals in the used car market. Sales excluding autos and gas advanced 0.3% compared to the 0.2% expected. With gas prices 10% lower than the peak, sales are expected to accelerate and that helped boost sentiment.

The best performer was AUD followed by CAD and NZD. Oil climbed $2 and gold $10. The S&P 500 gained 1.3% but was higher by more than 2% heading into the final hour when a round of profit taking hit. That move weighed on EUR/USD, pulling it to 1.4440 from 1.4997 and other risk trades followed a similar pattern.

Rest In Peace Uncle T, u are really a role model.

odiaero:
Am i the only one enjoying these down trendS?

@Odiaro,
NO be only u,the pair makes my day today.
I don talk am since afternoon say it must fall

naijababe:
Not sure about this one o, I am looking to buy, still in an uptrend on 1H and above TF. Favour a long and would like to enter around 16360 if it gets that low. If the next hourly candle is bullish, I'll enter a long immediately.

Please check your daily chart well my sister,
you will notice GU is battling with a major resistance
so i expect it to break the present low till it gets to
1.6355 b4 we see any major uptrend.
Am already few pips up from my point of entry and am gonna
wait till it hits 50pips, i think its worth the risk.

aguiyi:
nobody is talking,even u odiaero.

Lol, Odiaro is on break.

GU is looking good to sell.

That report is basically fundamental and we know the major news coming
up later today at 1:30pm naija time will drive the dollar pairs.
So make we just wait till 1:30pm.

Chinese inflation and retail sales rise again in May provoking further tightening concerns, BoJ leaves rates unchanged, UK CPI and RPI in focus as MPC member Weale calls for a rate rise. PBOC raised the reserve rate ratio by 50 bps to a new high of 21.5%.

The next move in central bank interest rate policy in China and the UK is the centre of attention today as the likelihood of further tightening measures in China increased in the near term, after May CPI data showed another rise in inflation from 5.3% in April to 5.5%. Chinese retail sales also showed no sign of abating, despite recent tightening steps, rising year to date from 16.5% in April to 16.6%, while growing year on year to 16.9%. Producer prices also remained high rising 6.8% against expectations of a rise of 6.5%.

With those numbers, it was no surprise from the Peoples Bank of China were to have taken further steps to tighten monetary policy further as it raised its RRR by 50 bps to 21.5%.

The Bank of Japan left interest rates at record lows as the Japanese economy continues to grapple with the after effects of the earthquake earlier this year, but the bank did announce measures to lend more, expanding its special lending facility to promote economic growth and weaken the yen.

Concerns about rising prices are not just confined to the Asian economies with UK INFLATION TAKING CENTRE STAGE later this morning with May CPI expected to remain unchanged from Aprils 4.5% level, but still well above the Bank of England's 2% target. This consistently high level of inflation prompted MPC member Martin Weale last night to suggest that interest rates may have to rise irrespective of whether the economy continues to grow, due to the risk that inflation expectations may become entrenched.

Meanwhile still rumbling away in the back ground the single currency shrugged off the decision by S&P to cut Greece three notches to worlds lowest credit rating at CCC with a negative outlook. The euro will continue to remain susceptible to further weakness as ECB officials and EU politicians continue to wrangle about how best to deal with the question of how to deal with a Greek default. Meanwhile peripheral bond yields continue to blow out with Portuguese 10 year yields hitting their highest ever post euro level, at 10.7%.

Later today. US retail sales for May could give further clues as to the health of the US consumer in the face of rising food and gasoline prices.

Blog icon:
Instafx and liteforex are actually the same company.

I totally disagree with u on this.Insta and liteforex are two
different brokers.

No business is "safe" if u lack adequate knowledge
and believe me Forex will teach you a lesson u will never
forget if u venture into it without the necessary skills and
knowledge.
It took me 3yrs to grab it and am still fine tuning my skills,so
my suggestion for you is to approach it like a serious business and prepare
to learn it from someone who has the experience.I mean someone who
is sincere enough to tell u the truth,not all this pple that will tell u
they will teach u to make 100% monthly.
Place priority on knowledge b4 u venture into fx and u wont regret it.
My 2cents.

I insta and lite are birds of feather, i totally agree with Odiaro
about both brokers.
If u make profit running to $10k,don't even go near insta and if u want fast
execution don't even think about liteforex.
I have since camp with forex4you and i heard some people say fxpro
is doing well too.
So its ur call man

@aguiyi,
Good move man on GU

Its time to sell EU,

odiaero:
^^ Man am enjoying the trades, made enough on the EU buy i left on friday, have exited all trades, now, i can start considering or waiting for sell points

Made some cool pips too on EU buy like i said earlier
at market open that EU will pull back.
GU should be preparing to retrace now

edujoy:
Guys you can test this EA now free of charge.
http://marsforex..com/

odiaero:
Why dont you test with your money

Odiaro don give you the appropriate answer.
Baba i can see that you full ground today.

odiaero:
Where are we?

We are at Odiaro Villa

If u are an aggressive trader you might as well take a buy
with a good stop but for conservative traders i suggest we wait
for a sell signal before we shoot on EU.
Cheers

JAkpayen:
A major downward trend may be imminent for EU, liquidate this position and enter short at least 50pips from market open on Sunday. You'll smile for it!

I believe we are still going to see a little pull back on EU
today cos the pair still has a major key level @ 1.4331 to
battle.

odiaero:
Ya, when ever it is saturday, i got bored, cos i cant just stop trading, so i go for Sky Diving or play scrabble online, FSX and some other things that kill time without you knowing it, then once it is sunday, am happy again

You get mouth,too much pips turning to money man.

egift:
So his economic road-map is ultimatums - I See

If it was Buhari that did this many of you will skin yourselves - Hypocrisy at best.

Let the truth be known, we need economic policies that are sustainable - not Fire Brigades.

Spot on man

odiaero:
Am glad today is sunday, few hours to go

@Odiaro,
I really like your passion and drive for this noble business.
FOREX TRULY RUNS IN YOUR BLOOD MAN