29 June - 3 July News

Well this week much more happening compared to last week...

For today (Tue)
- GBP GDP : expectation to be lower than previous figure
GBP Gross Domestic Product (QoQ) (1Q F)
GBP Gross Domestic Product (YoY) (1Q F)
- EUR Euro-Zone CPI estimate

Tmr (Wed)
- USD ISM Manufacturing

Thur
- EUR ECB Interest rate decision
- USD Change in NonFarm Payrolls (Jun)
- USD Unemployment Rate (Jun)

I'm just focus on news I think it will be important to watch... and those related to USD, EUR & GBP

If there are other important news.. pls add on

This is not important news... but interesting

Madoff create largest Ponzi scheme ... eat up 65 Billion
and this guy used to be among respected ppl in US financial world...
guru in investment...

even Discovery Channel also hv documentary on him..
http://www.bloomberg.com/apps/news?pid=20601087&refer=top_news&sid=aHSYu2UPYrfo

http://www.bloomberg.com/apps/news?pid=20601087&sid=aVdC1T4UBivY

Madoff is gonna stay in jail for 150 years... pity..

oh ya the news.. today I see lots of reds in forexfactory.. haha... crazy week i shall say~

Positive news on GBP... not sure this will have big impact (long lasting) or not...

explain why GU rally up this afternoon

http://www.dailyfx.com/story/market_alerts/fundamental_alert/U_K__Home_Prices_Unexpectedly_Rise_1246343953696.html

http://www.dailyfx.com/story/market_alerts/fundamental_alert/Forex_Market_Update__GBP_USD_Rally_1246337316200.html

Analyst pick frm DailyFx
few saying short EU...
http://www.dailyfx.com/analyst_picks/index.html

Yesterday news
http://www.dailyfx.com/story/dailyfx_reports/daily_forecasts/Cable_Considers_Retest_of_2009_1246295891730.html

you guys better verify before follow any recommendation...

wow shaz being cautious... hhahaha... u got the 'nothing is 100%' thinking already

just checking the news... and I don't want to be blamed if it didn't turn out as the news says...

GJ really degil... stubborn... don't want to fully going down...
make me confused...

Tonight... DJIA revenge on yesterday loses... but it still too early to say whether DJIA can maintain in +ve region thru the night or not...

Some news on sudden rise on GU,EU,GJ...
http://www.bloomberg.com/apps/news?pid=20601087&sid=agLuXOCAcegk
http://www.bloomberg.com/apps/news?pid=20601087&sid=abigy0B8hAxw

Above news causing DJIA to rally up on opening... push Dollar to weaken...
so those who take long positon this afternoon hv big smile on their face now...

but I still could not dismiss AdamG post...
"Revenge of the USD & Yen coming soon. Say goodbye to risky assets "
Risky asset like GBP,EUR etc

which I think he's implying short those GJ,GU,EU etc...
Anyone hv other opinion?

More news on EU

http://www.dailyfx.com/story/dailyfx_reports/daily_brief/Euro_Finds_Support_In_Gains_1246441558499.html

http://www.dailyfx.com/story/market_alerts/fundamental_alert/Currencies_Well_Bid_into_London_1246459397087.html

Oh shaz, one of the links u sent on EU,

the line stating 'sell order at 1.4180' that line is identical to my line I've drawn in my fxcm! haha the red line I mentioned.... one of the super strong resistance levels... well I didn't exactly put it at 1.418

Dailyfx give recommendation on short EU at 1.4180...
here another link on EU

http://www.actionforex.com/technical-analysis/daily-forex-technicals/eurusd%3a-resistance-seen-at-the-1.4177-level-2009070190736/

if not mistaken resistance (R1/R2) at 1.422x - 1.423x
and highest for 2009 still at 1.43xx
so ideally short at 1.435x++... because most likely will test again 2009 YTD high...
but 1.43xx still far away...

Shift?...to where?
I thought now is moving down nicely...

EU trade on US Non farm Payrolls
http://www.dailyfx.com/story/trading_reports/trading_news_reports/EUR_USD__Trading_the_Change_in_1246467604533.html

http://www.dailyfx.com/story/dailyfx_reports/daily_fundamentals/US_Dollar__Japanese_Yen_Down_1246492029273.html


Other news...(I think is what AdamG is talking about US taking revenge in 3Q... )
http://www.dailyfx.com/story/market_alerts/technical_alert/DOW_Warning__Risk_of_Sharp_1246482096697.html

Basically is Dow down.... Dollar going to strengthen..