₦airaland Forum

eu is showing me pepper but thanks to dax and au

how market?

sorry man. may their souls rest in the blossom of the most high

Fxmarket: They have

thank God .

just have to move on

Fxmarket: Plz bone any Typo

Hello people, you may have noticed that am offline for days, and it may continue till i finialize my battle with a very important transfer with the bank that hanged my money, so am trying to use another bank to do same transfer after i have seen and sorted out the MD

This is the reason Fxpro can be trusted and i recommend i to anyone,

I lost money due to their network failure for like 5 minutes, the account is in pounds, a very huge money, so i contacted them and complain about it, they replied and say they will investigate after exchanging few emails, but i can tell you that after 5 days, they called me few minutes ago by a payphone number i gave them and told me that look, that i should not be angry, that they will refund like 40%to my account, but i refused on phone, i said i want 50% of the lost money, so both of us agreed, and i felt like kissing the woman over the phone, i will continue to use fxpro as my first choice broker, even though i use other big brokers, i just love them because of this and will recomend it to anyone, ur boy odiaero

I wont be trading till i solve my bank problem, and another i did not come back with my laptop, trading over My phone is just not it, no customized stuff on it like my lappi, am in PH

sorry about this bros, pray they do as promised .

that is why i love fxpro

DONT RUN AWAY FROM MONEY STILL SELLING

DON'T DULL OOOO. BEING RIDING FROM THE TOP TILL IT GETS TO 0.96XXXX

(CN) CHINA MAY HSBC FINAL MANUFACTURING PMI: 48.4 V 49.3 APRIL FINAL (V 48.7 MAY FLASH)

(CN) CHINA MAY PMI MANUFACTURING: 50.4 V 52.0E (5-month low; 1st m/m fall in 6 months)

(FR) France May Final PMI Manufacturing: 44.7 v 44.4e (three-year low)

(DE) Germany May Final PMI Manufacturing: 45.2 v 45.0e

(EU) Euro Zone May Final PMI Manufacturing: 45.1 v

(UK) May PMI Manufacturing: 45.9 v 49.7e

(EU) Euro Zone Apr Unemployment Rate: 11.0% v 11.0%e (fresh EMU record high)

(US) MAY ISM MANUFACTURING: 53.5 V 53.8E; PRICES PAID: 47.5 V 57.0E (lowest prices paid since Dec 2011)

How to interpret these headlines?

We are obviously seeing contraction in the manufacturing sector globally, with new lows being reported out of China and set the tone for the month. France, UK, and Germany are all showing record low readings, while the U.S. Manufacturing PMI is slightly positive but missed consensus expectation by 0.3.

This is likely to add pressure on the commodities market, which means that Crude Oil, Precious Metals (Gold, Silver, etc…), Copper, etc… are all going to be under tremendous selling pressures as manufacturing slowdown affects demands – (note: earlier report out of China shows that some orders for hard commodities were deferred or cancelled all together due to the slowdown).

Outlook for global recovery remains bearish. Outlook for commodity currencies, especially AUD, remains bearish as well.

(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.

BEARISH TREND RESUMES

(CN) China state run Xinhua disputed yesterday’s report that China was ready to launch stimulus measures in order to pursue the path of stronger growth. Xinhua went on to say that pumping in government money to reach GDP targets is”not sustainable” and China will focus on encouraging private investments in railways, infrastructure, energy, telecommunications, health care and education. The article did not address any possibility of rate cut or RRR cut.

(AU) AUSTRALIA APR RETAIL SALES M/M: -0.2% V +0.2%E (11-month low)

How to interpret this?

We saw some limited optimism yesterday following Credit Suisse’s report on how China State have passed a large-scale stimulus injection to boost its growth, and AUDUSD went on a bullish run testing the 0.9900 level… However, with today’s report out of China Press and the fact that the economic outlook in Australia is still looking shaky, I believe that AUD Bearish Trend is about to resume, with a potential target down to the 0.9600 level in the short-term… Considering the risk adverse environments and continuous safe-haven flows, I believe both AUDUSD and AUDJPY are prime for sell on rallies…

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