₦airaland Forum

the long awaited sell is here

market is quiet
forum is quiet
everything is quiet

my mum just told me that my uncle LEVI AJUONUMA from Imo state was also a victim of the crash, can't stop crying

honeric01: Interpret wetin? lol na English i take post am o, haba..

with news on ground i will sell off eu gbp and aud at any slightest rally

honeric01: Where do we go from here?

It's a reasonable question and one which many were asking themselves on Friday in the wake of the disappointing US jobs data. There was also an expectation of some statement from EU and/or G7 leaders over the weekend to offer reassurance to markets. As it was, there was nothing of substance, with the result that Asian equities were down over 2% today, with the fall in Chinese stocks the biggest for two months. The latest PMI data for the services industry showed a further modest slowdown in China. So looking around the world economy, there are currently few signs of decent momentum, either in the emerging or developed world. Still, if the German newspaper Welt-am-Sonntag it to be believed, EU leaders are drawing up a crisis plan to be ready by the end of the month. This reportedly contains many of the measures (integrated budget policy, banking union, and political union) at which many member states, notably Germany, have balked at in the past. But the truth is that we are at the point where bold measures will have to be taken if the euro is to stand a chance of staying intact. Incremental, compromised and late initiatives have failed spectacularly.

abeg bors if you post try interpret am so that we go know how to apply the news. all the same good work

market consolidatin,waiting for a breakout

RIP

h

looking at the chart one will be tempted to start buying but for news i have at hand, am selling eur/usd and gbp/usd at any slight opportunity till i get a clearer view to buy

fingers crossed.

bashtee: @ Silibaba

The best thing to do is to get the School phone number and call to get a first hand information to your questions.
As per CHDC granting you visa ordinarily they should given that you are going for a genuine reason however my personal opinion is that it will be difficult to grant you visa just to go and write test for admission,when you look at the fact that those that have confirmed admission have been having it tough getting visa.Save your money and time,apply to another school with similar program or as you said talk to the school if they can set the examine for you at the embassy,if you get your result and admission that is when its advisable to apply for visa.
Last one you cant work without a work permit.

thank you for your advice.

God will visit you shortly. remain blessed

Obamacare: I will suggest you pick another program that is more flexible and apply for another admission. there are several schools in Canada you can select from. My reason is because even if you want to apply for a visiting visa to write the exam, its too late and a study permit for this is equally out of the way since you are required to submit atleast 4-6months before your program starts. i wish you all the best.

my broda, God bless so much and may all ur heart come to fulfilment

my fellow brothers and sisters in the house i need advice from you on this, i just got a mail from a school in Canada and it read thus:

june 1, 2012

dear xxxxxx xxxxxxxx,

Thank you for your application to the xxxxxxxxxx xxxxxxxxx xxxxxxxxxx program here at xxxxxxxx xxxxxxxx. Your
application has currently been moved into “Selection” which means you are now eligible to write your
Mechanical Reasoning Entrance Exam and be placed on a the waitlist for an available seat if you pass the
exam. Please be advised this process is applicable to this academic year, if you are not offered a seat you will
have to re‐apply and write the Entrance Exam again for next year’s selection.
The date and time for your Exam is as follows:
Date: Monday June 18, 2012
Time: 10:00 am
Building: xxxxxxxx xxxxxxxxx xxxxxxxxxx xxxxxxx (canada)
Room: BA301
Please bring with you a picture ID, your xxxxxx ID number and this letter.
This test is part of the application process for Bleep and every applicant must write it. Please contact xxxxxxxxxx xxxxxxx at xxxxxxxxxxxxx to confirm your attendance. If you are unable to attend this session, please contact
xxxxxxxx xxxxxxxx, and we schedule a new time for you.


Thank You,
xxxxxxxxx xxxxxxxx
Administrative Assistant
School of Transportation
xxxxxxxx xxxxxxxxxxx

now my question are

1. will embassy grant me travel permit for this test?
2. if am granted travel permit will i remain there till result is out?
3. if yes then can i find something doing over there till result is out?

contrary to the above

if am not granted travel permit can i write the school that i cant make it due to location constrain and instead permit me to use their embassy for my test.

pls as you can see that time is no more my friend, i need an urgent reply from you all.pls help a brother with advice and God's blessing will overshadow you in this new month of june

waiting for response,

thanks

ok, i have upgraded.

sold uj @78.554. let's see hw it coperate

;Dhow market

ItGeek: nice one silibaba

welcome bros

my platform showing OLD VERSION. anyone in same problem (fxPro)

[NEWS TRADING]

hi, everyone

We have three high impact news releases scheduled for
today, with NFP being the focus of the day. I've added
an update to the analysis, so take a look if you haven't done
so already:

8:30am EST - US Nonfarm Payroll (NFP) Employment

We´ll be trading the US NFP (Nonfarm Payroll) Employment Change, it is the focus news release for the week. Here´s the forecast:
8:30am (NY Time) US NF Employment Forecast 150K Previous 115K
8:30am (NY Time) US Unemployment Rate Forecast 8.1% Previous 8.1%
Deviation: 70K (BUY U SD 220K / SELL USD 80K)

The Trade Plan
Todays NFP Employment Change release is forecasted at 150K. The Unemployment Rate is expected to remain at 8.1%. If we get a significantly lower release on the NFP (80K or worse) and slightly higher Unemployment Rate (8.2% or more), I´d be looking to SELL the USD against stronger currencies. On the other hand, if we get a positive NFP release (220K or better) and the Unemployment Rate remains at or below 8.1%, USD should strengthen immediately and I would BUY USD against other weaker currencies (use CSM or recommended pairs above)

If we get a conflicting release, then well wait and see how the market reacts first. If there is an overwhelming sentiment driving the market, well get plenty of opportunities for an entry if we just wait for 5 minutes after the release; you´ll get a much clearer view.

UPDATE – May 31, 2012
ADP NFP came out at 133K versus 139K expectation. Jobless Claim at 383K versus 370K expectation. 4-week average Jobless Claims now sits at 373K, slightly higher than the average of 370K… With the ISM Non-manufacturing PMI scheduled next week, we don’t really have much to go by to predict this NFP release, therefore I’d expect to see roughly inline figure around 150K.

It’s important also to consider the Birth-Death Adjustments, which is expected between +150K to +200K, and that is going to guarantee a NFP release above 100K for tomorrow… therefore on a significantly weaker release, we should see much weaker USD reaction as the prospect of QE3 would become more real.

NFP Trading Strategy
Let´s talk about how to trade this release: We´ll wait for the numbers to come out but continue to hold on a trade, Even if we get our tradable figures (220K to 80K). Wait for a possible revision of the previous release number of 115K as the market usually overreacts with the Revision and chances favor that a solid trade will present itself if we dont get a conflicting releases between the revision and the actual release; at this point, still stay out of the market.

Then the next step is to wait for the Unemployment Rate, which is expected to remain unchanged at 8.1%. If the Unemployment Rate were to surprise higher, were faced with an imperative decision at the time of the release.

After all of the numbers have been released, wait for the market to push and wait patiently for a decent retracement before getting in. Look for recent support/resistance areas for entry as a high impact news with various components are extremely volatile, and those who are patient will always get a chance to enter with a much better entry.


8:30am EST - CA GDP m/m (released at the same time as NFP)
Canada´s monthly GDP report will be released today. Here´s the trading forecast:

8:30am NY Time Canada GDP m/m Forecast 0.3% Previous -0.2%
ACTION: USD/CAD SELL 0.5% / BUY -0.5%

The Trade Plan
Let´s look to SELL CAD if we get a -0.5% or worse release, or we’ll BUY CAD on a 0.5% or better release. With recent uncertainty in the commodity space, a strong fundamental such as the GDP figure may be the catalyst we need to see more volatility in CAD.

I’d recommend to use the Recommended Pairs above as they are based on my CSM and should give you the best combination of currencies to trade in the event of a better/worse news… of course, you can always trade the default pair for this release: USDCAD.

[BREAKING NEWS]

(US) US Fed's Bullard commented that he continued to see US
2012 GDP at 3%. He did note that additional Quantitative
Easing was possible if the US economy deteriorated but that
scenario was unlikely at this time. He forecasted end-2012
US Unemployment Rate at 7.8%. He noted that Europe was in a
grave situation and that the ECB liquidity injections were
not a fundamental solution. He stated that any Greece exit
the euro could occur without much damage to the European
Union but safe haven flows were affecting FX markets.

(US) Q1 PRELIMINARY GDP Q/Q ANNUALIZED: 1.9% V 1.9%E;
PERSONAL CONSUMPTION: 2.7% V 2.9%E.

(US) MAY ADP EMPLOYMENT CHANGE: 133K V 150KE- Prior revised
down from +119K to +113K

How to interpret this?

US Economy continues to show resilience despite global
slowdown and European Sovereign Debt Crisis. Fed. Bullard
commented today that U.S. GDP is likely to reach 3% by the
end of the year and that further Quantitative Easing is on
the table although not likely. Bullard's position is the
reflection of the majority at FOMC and I believe QE3 will
probably not happen this year, especially considering that
the economy has not deteriorated to a point that would
require further Fed action, especially considering the low
bar (NFP 100K) that Bernanke set during his last FOMC Press
Conference.

Therefore, I would expect to see further strength in the
USD on reasons of better fundamental (in relation to
Europe), safe-haven status, and no QE3. Verdict: Keep on
selling EURUSD.

continue to enjoy the down-south


Thanks,

1 will sell usd at 12pm

aguiyi: please house, has anyone been able to withdraw from liteforex of late

i withdrew all my fund from them last 2 month and the xperience was hell for me as it took lots of verification and all that and took about 1 month and some weeks to get my money.

i hate dem will lots of passion

honeric01: MARKET PLEASE GIVE ME THE BEST BIRTHDAY GIFT BY MAKING SURE I GET AT LEAST 500PIPS FOR TODAY AS BIRTHDAY GIFT.

TODAY'S MY BIRTHDAY AND I WISH MYSELF THE BEST WISHES OF LIFE THAT I DREAM AND PRAY FOR.

GOD BLESS ME.

HBD LLNP javascript:void(0);

JONA MY MAN, PLS IF YOU WILL NOT BE CONTESTING FOR THE 2015 PRESIDENCY, I BEG YOU IN THE NAME OF GOD "SPLIT NIGERIA" LET US GO OUR SEPREATE WAYS.

AS FROM 2015 AM GOING TO BE A CITIZEN OF BIAFRA

The Trade Plan
We are looking for a deviation between 0.2% ~ 0.3% from the forecasted figure of 1.9%. Therefore if we get a 2.2% on the first quarter 2012 GDP, it would be US Dollar positive. We will BUY USD. However, if we get a 1.7% release or worse, then we would be SELLING USD. We’ll be looking to trade this release based on my Retracement Trading Method; since this is a high impact release, strong market volatility is expected immediately after the release.

I’d recommend to use the Recommended Pair above as it is based on my strength meter by pairing up the best currencies in the event of a better/worse news… or you can just use the default pairs for this news: USDJPY or EURUSD

8:15am NY Time US ADP NFP Change Forecast 139K Previous 119K
Deviation: 50K (BUY USD 190K / SELL USD 90K)

The Trade Plan
I usually don´t trade this release but I use it for future trend references. However, if the deviation of 50K is actually hit, the market probably wont have a problem pushing it, and this will undoubtedly change market perception for the NFP release; therefore its best to be around your computer during the release time rather than find out what happened hours later and potentially miss the entire movement.

With the above being said, we´ll be looking for a deviation of 50K, so if we get 190K or better release, I´d be looking to BUY USD against the Weakest currency based on the strength meter; if we get a 90K or worse, then I´d be looking to SELL USD against the Strongest currency based on the meter… Please use the Recommendation Pairs below only if the release is above 190K or below 90K…

worse new sell usd/jpy

better news sell usd/nzd

[BREAKING NEWS]

(EU) ECB rejects Spanish Bailout plan to indirectly tap into
its cash in order to recapitalize Bankia; Told govt officials
that a proper capital injection is needed. Spain plan said
to be potentially in breach of EU rules. Govt officials said
to have argued that Spain has implemented reforms requested
by Brussels and wants to avoid bailouts similar to those of
Portugal, Greece and Ireland. In turn, Brussels is said to
have been frustrated by PM Rajoy's handling of the crisis
ever since he attempted to unilaterally revise deficit
targets last month.

(EU) Separate US financial press report indicating Spain's
own bailout fund has only about €9B remaining. While it can
be replenished through debt issuance, recent auctions have
seen weak demand and sharply higher borrowing costs.

(EU) Follow Up 5:30 ET ECB: Have not been consulted on Spain
recapitalization plans but is prepared to give advice on the
development of such plans - Statement

(EU) European Commission may request that EU Fin Ministers
allow Spain an extra year to achieve 3% deficit to GDP
target, moving deadline from 2013 to 2014.

How to interpret this?

We saw sharp sell-offs of EURUSD immediately following ECB's
rejection, it seems that the market rather take a Spanish
Bailout as a positive signal than a rejection of a Spanish
Bailout Plan... Which once again brings us back to the basis
of market analysis, that uncertainty is always worse than
news, no matter how bad the news is.

I would expect to see EURUSD retest the 2011 lows of around
the 1.2000 level, giving the fact that Greek election is
coming up in a couple of weeks and Spain is under tremendous
scrutiny, not mentioning the implication of requesting
extention to the Deficit to GDP target... The key is to keep
selling EUR whenever it makes significant recoveries.

let he that have ear hear this

Thanks

SILIBABA

[BREAKING NEWS] [BREAKING NEWS] [BREAKING NEWS] [BREAKING NEWS]
[BREAKING NEWS] [BREAKING NEWS] [BREAKING NEWS] [BREAKING NEWS]

silibaba: Forex Market Review And Upcoming Forex Calendar (May 28 ~ June 1, 2012)


Forex Market Review And Upcoming Forex Calendar (May 28 ~ June 1, 2012) news may28 Turbulence in Europe exacerbated this week as the two summit meetings (G8 and informal EU Summit in Brussels) failed to reassure the market. Traders responded by taking it out on the combined currency as first time in almost two years. Oddly enough, divergence in the Equity market begin to take form as major indices in both Europe and U.S. ended the week positively, although the strength in safe-haven currencies, particularly the USD, added pressure to commodities as precious metals and crude oil remained subdued; of course, concerns in China cooling its demand for hard commodities didn’t help either.

In Greece, recent polls suggested the majority of Greeks want to “remain in the euro zone” but “renounce” the terms of the bailout agreement, leading them to support the anti-bailout Greek party Syriza which is polling as high as 30%. Syriza Party Leader Tsipras once again shocked the market by commenting this week that “Potential for Greece exit from the EMU would destroy the EMU” and “Chancellor Merkel should realize she is an equal partner in the EMU and there are no ‘landlords or tenants’ in the EMU“… Former Greek PM Papademos coined the word “GREXIT” describing the inevitability of Greece exiting the EMU given the increasingly apparent political stalemate surrounding austerity rejections… Most analysts are currently forecasting “GREXIT” in 6 to 18 months.

In Spain, the government is struggling to deal with its regional governments’ deficits and its problematic banking system. The estimated price tag for the Bankia bailout rose from around €4.5B at the start of week to an astounding €19B on Friday. Market perception worsened for Spain and the Euro as new reports out of the wealthiest region in Spain, Catalonia, requesting a government bailout. Catalonia accounts for about 20% of Spanish economy.

In Europe, the preliminary European May PMI data indicated further contraction is underway on the continent, as the Manufacturing PMI reading came in at 45.0 v 46.0e, one of the lowest readings since June 2009, and Services PMI at 46.5 v 46.7e. In Germany, Manufacturing PMI came in at 45.0 v 47.0e, lower than the European average and one of the sharpest monthly drop since June of 2009, while Services PMI came in at 52.2 v 52.0e (slightly better).

In UK, the sentiment of doom and gloom settled in as the Revised Quarterly GDP for the first quarter of 2012 (Q1 2012) came in worse than expected at -0.3%, and the April Retail Sales figure came in at -2.3% v -0.8%, which is one of the worst release since 1997. Meanwhile, Bank of England released its Meeting Minutes and showed that the majority of its voting members felt that BOE’s monetary policy is “finely balanced”, which reminds me of the band playing while the Titanic sunk… BOE is out of touch with reality and the worst thing is that BOE has a track of record of being out of touch… I’d expect further pressure on the GBP as the credibility of BOE come into question.

In Japan, Fitch cut its sovereign credit rating by two notches to A+ (from AA) citing BOJ’s “leisure approach” to its consolidation plans compared to other fiscally challenged high income countries, and that its implementation is subject to political risk. BOE’s Posen chimed in by stating that “there is room left for BOJ to further ease monetary policy, there is no point for the BOJ to maintain self-imposed limits on JGB bond buying…”. On Wednesday, BOJ’s Shirakawa responded during his Interest Rate Press Conference and said “the central bank had no change to its stance of pursuing powerful easing. He added that he saw big demerits to further rate cuts including cutting the 0.5% interest paid to excess reserves and needed to measure effects of easing by interest rates and not by size of monetary base. He did not see immediate risk of BOJ failing to meet asset purchase target. The tail risk regarding European debt woes was at forefront in his opinion”, essentially pointing the finger at Europe for recent JPY strengths and told Fitch and the market to stay out of BOJ’s business, but not in these exact words.

In China, government researcher warned that China’s 2012 GDP growth could dip below 7% and that China needs to adjust its rate policy early. Similar reports last week from China government economists Zhu Baoliang also calls for possible rate cut as early as Q2 of 2012, although his view on the GDP remains the same as the official government estimate at 7.5%. In other news out of China, evidence emerged of cooling China demand for hard commodities, as Financial Times noted local buyers were deferring on delivery or defaulting altogether on shipments of coal and iron.

In U.S., the US April Existing Home Sales number rose for the first time in three months, matching the high seen in the January data. The New Home Sales beat forecast 3 out of last four releases, posting a new high for the year while the University of Michigan consumer sentiment reading came in at the highest level in over four years. Market continued to flow into the safety and the positive fundamental outlook of the USD.

In conclusion, EUR and GBP are expected to be sold off this week, although we may see some limited consolidation like the beginning of last week’s trading, but the overall negative fundamental outlook and the risk of a “GREXIT” remains unchanged; I’d sell EURUSD and GBPUSD on any significant consolidation or rallies. JPY is likely to remain neutral against USD while strong against other majors, I’d only SELL JPY against USD and perhaps sit on the sidelines for JPY crosses as BOJ may step up its rhetoric and keep JPY strength in check. AUD and NZD should remain under pressure, although if China decides to cut interest rate this week, we should refrain from buying, but rather positioning sell trades towards the end of the day as the overall risk aversion momentum should drive the pairs back down… this should be a no-brainer for fundamental traders as the overall market climate remains unchanged. USDCAD is facing a strong support between 1.0300 ~ 1.0400 level, and I believe we may very well see a possible reversal of the pair… of course, if EURUSD falls beyond the 1.2500 level, the sheer strength of a strong across the board USD will probably blow USDCAD through the 1.0400, but if EURUSD were to remain at the current trading range, then we could look to position USDCAD SELL trades. USD is expected to remain strong this week, but of course the focus will be on the NFP release on Friday. Since we won’t have ISM PMI’s to possibly predict NFP release figure, this week’s ADP report on Thursday may play a major role.


The main event for the week is the NFP (Nonfarm Payroll), and
with the current political climate in Europe, I'd believe
that USD may actually get a boost coming into the news, of
course the key to NFP will be on the ADP report on Thursday...


Thanks,

this is the news, so you may still want to go tru it. keep sell till NFP is release

if the house had read the news post i left here on Sunday, they would be smiling to the bank by now