Trading Room: Asian Session

[William Gilday]

Welcome to Asia session April 7th, 2016

Hello traders what a very interesting U.S. session turned out to be . As you can see in the charts you can see the markets did not like the FOMC minutes as they reflected no interest rate hike in April. Today my focus is going to be on the JPY as FM Koroda speaks again for the third day in a row as I expect some kind of intervention today or in the very near future maybe early next week. There is no high impact data today so today will be a technical trading day. Asia my friends has nothing to move the markets so I would say it will be a very light session today.


Traders talk to you soon.....William

 

[William Gilday]

PM ABE Say's NO

I was taking a break about an hour agao when I was reading the financial section of the Bangkok Post and the artical on the back page was about PM Abe saying there will be no intervention even as the yen is at a 17 month high. This is going to get interesting traders.

Traders talk soon.....William

 

[William Gilday]

Welcome to Asia Friday April 8th, 2016

Hello traders we have made it to the end of the week. Traders I have to say the big issue still remains the Yen story and will the BOJ reaction as USDJPY approaches the 108 level.

Traders this is going to be a very busy medium data day as we have a lot of medium impact events throughout the trading day. The GBP has an high impact release being Manufacturing Production.

Traders be patient today make a trade plan and trade your plan, be alert to news and data being released. We have nothing in Asia today to move the Market.


Talk with you soon.......William

 

[William Gilday]

Welcome to Asia on a Monday April 11th, 2016

Well as we start our new trading week let us go over the data to be released in Asia today. CNY has CPI YonY high impact and two other medium impact data releases. The rest of the trading day looks weak and no other high impact events in the rest of the sessions. I scanned the charts and I have to say I am seeing a lot of pullbacks and looking for the pairs to continue the trend in today's trading. It does not surprise me on a Monday that we have a slow day and that is why I like to call it observation Monday and really be patient before entering any trades and please stay with the trend not the day to be counter trend trading.


Thank You Traders and talk soon.......William

 

[William Gilday]

CNY data released just out

Traders the data was released and the numbers are not good and w are seeing a reaction on the AUDUSD. Below I have placed the number fro my news feed for your convenience.

08:30 *(CN) CHINA MAR PPI Y/Y: -4.3% V -4.6%E - 49th consecutive month of decline- smallest decline in 9 months - Source TradeTheNews.com

Have a great trading day and talk soon....William

 

[William Gilday]

Welcome to Asia April 12th, 2015

Hello Traders great to be back with you as we take a look what is going on. Well I just took a look at the charts and I have to say they look ugly and we are concerned as the data is very light today today and no real data in Asia. Traders I do think we have some trades today and I think we just have to be patient with our entries. The most important is to be patient and with price to come to your entry. The rest of the week is very busy with data and that is good news that gives us catalysts for price action to move.


Thank you traders and we will talk soon on this Tuesday April 12th, 2016........William

 

[William Gilday]

Welcome to Asia April 13th, 2016

Traders great to be with you we have very strong day today in the U.S market today as there is a lot of data to be released. In Asia we have a lot of data that will effect the AUDUSD and the NZDUSD as we have CNY trade balance very high impact today. We have a lot of U.S. data today in the U.S session and That will certainly move the markets today.The London session looks very weak today as far as data could be a slow session. BOJ Governor Korada is speaking now.

Traders will talk to you soon ......William

 

[William Gilday]

CNY Update

Traders we had data come out today and the numbers were poor. However the imports had good numbers but did not give us a trade in the Asia session. So what is my concern today and the would be the YEN pairs BOJ Governor Korada talked over and hour in Asia and said nothing same stuff. This tells me that an intervention is on the way, I will not be trading the Yen pairs today. Please be alert to your economic calendar today.


Thank you traders and talk soon.......William

 

[William Gilday]

Asia on a Thursday April 14th, 2016

Hello traders welcome to another busy trading day. We have Aussie interest rate today and in London we have GBP interest rate. All high impact data. I am placing what happened yesterday in the markets as it was a full packed day, as it will be the same today.

03:50 (US) Market Close Summary **Headlines**- Hopes of recovery in China push up risk assets- JP Morgan Q1 results not as bad as some had feared; banks respond positively - US March retails sales and PPI data supports a patient Fed- Bank of Canada holds rates, raises FY16 GDP outlook- DOE crude inventories build again- Lattice Semi: Tsinghua discloses a stake in 13D filing- Facebook shares hiccup midday on later-retracted analyst note- US Treasury prices rally after strong demand for 10-year reopening- Fed's Beige Book still seeing modest to moderate growth with some signs of improving wages**European post close highlights**- (RU) Russia Energy Min reportedly indicates Doha meeting oil output freeze deal will be loosely framed with few detailed commitments - press- DB: Swiss Re and L&G said to be considering offers for Abbey Life unit; could be valued at £1B - press- Lonza Group said to have approached US Catalent with takeover offer - press- (JP) Japan govt reportedly considering near-zero interest rate infrastructure loans - Nikkei_Summary:_US stocks indices broke out to the the best levels of 2016 following encouraging Chinese trade data and a JP Morgan Q1 earnings report that bested watered down expectations. The Dow Jones Transports and Russell 2000 also made new highs, supporting bulls who argued technically there is more room to run. Treasury markets experienced some modest buying, especially after the $20B 10-year reopening showed robust demand metrics. The US Dollar found buyers as traders reversed recent trades away from the Greenback. **Markets**- Dow Jones +1.1%- S&P500 +1.0%- Nasdaq +1.6% - US 2-yr: +1bps at 0.75%- 10-yr: -2bps at 1.76%- 30-yr: -3bps at 2.58%- 2-10 spread: -3bps at 1.01% **Commodities**: - May crude oil $41.53, -1.5%- June Gold $1,245/oz, -1.3%- May Silver $16.26/oz, +0.2%- May Copper $2.168/oz, +1.0%**Notable afterhours (17:00):**WYNN: CEO Stephen Wynn buys 72.8K shares at $98.78 - filing; +2.9%PIR: Reports Q4 $0.39 (adj) v $0.21e, R$542M v $533Me; -1.2%STX: Reports prelim Q3 R$2.6B v $2.72Be, gross margin 23% (prior forecast R$2.7B, gross margin 25.6%); -2.7% Related ( UPDTE ) - Source TradeTheNews.com

Thank you traders and we will talk soon......William

 

[William Gilday]

Aussie Data Just Released

Hello traders back with you as the Aussie data was just released and mixed numbers. The AUDUSD had a quick spike ip to the daily pivot and came back down, We are now looking at a Doji candle on the 30 minute chart. I am going to wait about an hour to see if I can short this at the daily pivot point.

Traders these are the numbers:

08:30 *(AU) AUSTRALIA MAR EMPLOYMENT CHANGE: 26.1K V 17.0KE; UNEMPLOYMENT RATE: 5.7% V 5.9%E - Participation Rate: 64.9% v 65.0%e- Full-Time Employment Change: -8.8K v +15.9K prior- Part-Time Employment Change: +34.9K v -15.6K prior- Hours Worked: M v -2.0M prior- Prior employment change revised to K from K- Prior full time employment revised to K from K- Prior participation rate revised to % from % Related ( AUD/USD EWA ) - Source TradeTheNews.com