Forex Forum Archive for 02/12/2009

philadelphia caba 23:51 GMT February 12, 2009 Reply   
posted a question about oil trading in help forum, tia!

Syd 23:36 GMT February 12, 2009 Reply   
Financier arrested in money laundering case
Police appeal to investors for information after firm involved in £40m currency fund ceases trading
Customers have complained of difficulty in recovering their cash.http://www3.u.tv/BusinessNews/index.asp?iNewsID=156991&dtmDate=12/02/2009

Syd 23:31 GMT February 12, 2009 Reply   
Terry Freeman, 60, a foreign exchange trader, was arrested at his home in Buckhurst Hill, Essex, by detectives from the City of London Police Economic Crime Department.

His home and offices were searched and large quantities of documentation were taken away for analysis. Mr Freeman, director of GFX Capital Markets, was released on police bail after questioning.
http://www.timesonline.co.uk/tol
/news/uk/crime/article5717596.ece

Syd 22:51 GMT February 12, 2009 Reply   
Controversial filmmaker Michael Moore is calling for current and former Wall Street bankers to help him make a film about the financial crisis, which he describes as the "biggest swindle in American history".
LINK

Syd 22:48 GMT February 12, 2009 Reply   
Europe's industrial base may never recover from crisis
The European Commission has issued a red alert over the unprecedented collapse of industrial production, warning that EU states are running out of money for rescue packages.
http://www.telegraph.co.uk/finance/newsbysector
/industry/4603348/Europes-industrial-base-may-never-recover-from-crisis.html

dc CB 22:43 GMT February 12, 2009 Reply   
fwiw
Friday the 13th
Boo!

Maribor 22:40 GMT February 12, 2009
1,271-1,292

Syd II 22:29 GMT February 12, 2009 Reply   

Judd Gregg Withdraws Nomination for Commerce Secretary

President Obama's choice for commerce secretary, Senator Judd Gregg, Republican of New Hampshire, withdrew his nomination on Thursday. He said there were "irresolvable conflicts"
between him and the administration.

Syd 22:02 GMT February 12, 2009 Reply   
Weak 4Q, December retail sales data should keep RBNZ on track to continue aggressive easing as consumer spending continues to slow. Economists now expect cash rate to trough at 2.50% by mid-year, sales data will add to this view. Statistics NZ says 4Q retail sales volumes down 0.6% vs expected 0.5% fall, pulled down sharply by motor vehicle retailing. Core sales flat. Trend in total retail sales volumes has fallen 4.2% since Sept 2007 quarter. Situation particularly dire in December with adjusted retail sales down 1.0% vs expected 0.9% decline. While drop in automotive fuel retailing weighed, core sales also down 0.6%, on sharp fall in supermarket, fresh produce retailing. With consumption remaining weak, economic fortunes appear bleak this year.

GENEVA DS 21:58 GMT February 12, 2009
EURO
Entry: Target: Stop:

Range for EUROUSD tomorrow... as usual 12930-12565... once again... all government packages will fail in the market... expect new test of DOW lows...

Lahore FM 21:55 GMT February 12, 2009
pulled out stop for eurnzd..letting carry and data themes play themselves out.

Syd 21:49 GMT February 12, 2009 Reply   
NZ Jan House Sales Down 28.5% Vs Dec; -40.7% On-Yr - REINZ
NZ Dec Adj Retail Sales -1.0% On Month; Consensus -0.9%
NZ Dec Adj Retail Sales Ex-Autos -0.6% On Month; Mkt -0.3%
NZ 4Q Real Retail Sales Fall 0.6% On Qtr; Mkt -0.5%
NZ 4Q Adj Retail Sales -1.1% On Qtr; Consensus -1.2%

Chicago SC 21:27 GMT February 12, 2009
1.2840-1.2990

Into NY open tomorrow, expect equities to get a lift from late day NY rally. Risk aversion trade is off. It turns off and on like a light switch.

Syd 21:23 GMT February 12, 2009 Reply   
"The post-Geithner realization that a solution to the global financial situation is no closer under Obama than it was under Bush is not going down well," says RBC FX Strategist David Watt. Notes FX markets in particular feeling pain, with EUR especially vulnerable to growing concerns global debt crisis may take a new leg. "EUR does face some inherent uncertainty given increase concern about exposures to Eastern European debt."

Lahore FM 21:18 GMT February 12, 2009
carry has kicked back in which will likely propel us past the recent daily highs to 1.3210.

GVI Forex john 21:17 GMT February 12, 2009

NEW! GVI Forex Chart Gallery. Printable FX Charts

Lahore FM 21:16 GMT February 12, 2009
1.2830--1.3210

GVI Forex john 21:13 GMT February 12, 2009 Reply   

Entry: EUR/USD Target: Stop:


This is a great idea but only works if many participate:

Post your forecast for the EUR/USD range for today (NY close to the NY open) and a line for your rationale.

For those coming in after this message is posted, post your forecast + rationale from the time you see this post to the end of the trading day.

Click on reply to post your forecast and keep it in the same thread.

Lahore FM 21:11 GMT February 12, 2009
third day of trade of the year and we are up 300 pips from entry and trade is looking only healthier.stops moved to entry at 0.8730 now with 0.8890 partial out earlier.

Lahore FM 21:05 GMT February 12, 2009
short eurnzd 2.4639 ,stops 250 pip up on the bid.

GVI Forex john 21:04 GMT February 12, 2009

Lahore FM 21:03 GMT February 12, 2009
long march crude 34.60.stops 33.20.

long nzdusd 0.5215,stops 0.5120.

london jp 21:02 GMT February 12, 2009 Reply   
Hillegom Purk 20:41 GMT February 12, 2009
JP, the target of 1.22 will be met- Trade of the day it was and still is.

Doh! Probably being English my command of the language is not that good but doesn't errrrm 'Trade of the DAY' mean errrm 'Trade of the DAY' and as this trade was posted yesterday and a day has now passed then I guess you can maybe change it to 'Trade of the Week' considering we are still waiting for the 1.22 target to be met......(which I have no doubt it will eventually meet at sometime in the future).

GVI Forex john 20:55 GMT February 12, 2009

NEW! GVI Forex Chart Gallery. Printable FX Charts

Click for Complete Chart Points

Hillegom Purk 20:44 GMT February 12, 2009 Reply   
Going to built up a long position in eur-usd. Again. Lets see.

Hillegom Purk 20:41 GMT February 12, 2009 Reply   
ldn jp 09:41 GMT February 12, 2009
usd/cad: Reply
Hillegom Purk 22:22 GMT February 11, 2009
Hats of for UK JB who set the trade of the day in usd-cad.

Did I miss something here? UK JB sold usd/cad at 1.2475 with a target of 1.2200 - it then shot up to 1.2529 and is currently sitting at 1.2420. Appreciate that the trade still has time to work it's way to target at 1.2200 but fail to see how that was trade of the day!


JP, the target of 1.22 will be met- Trade of the day it was and still is.

Syd 20:35 GMT February 12, 2009 Reply   
Despite the partial recovery in EUR/USD in afternoon trade, Korman Tam, chief currency analyst at censored Financial Group in New York, says he expects more euro weakness due to risk aversion. The euro may slip to $1.23 within the next 6 months, he says. In recent trading, the euro is at $1.2840, bouncing off the session low of $1.2720 and compared to $1.2899 late Wednesday, while the dollar is at Y90.54 from Y90.46, according to EBS. The euro is at Y116.25 from Y116.68

ECB's Trichet: Euro area faces weakness in next few quarters, seeing exceptional uncertainty, stability pact must be implemented strictly
- ECB has taken into account easing inflation pressures, policy responses have been resolute
- Draws attention to long end of bond curve indicates a trust of the ECB, does not recommend a 'premature entry' into the EMU

ECB's Bini Smaghi reiterates members comments that interest rates could be lowered in March
Brown Brothers FX analyst: Baltic currencies pegs could break by mid-2009
- Latvian economic weakness could trigger the collapse of pegs
- Note: Ealrier in session -Unicredit analyst comments on Baltic States
- Lithuanian GDP seen contracting by 0.3%
- Latvia GDP seen down 5.7%
- Estonia GDP seen up 0.2%

ECB's Trichet: ECB is providing 'unlimited liquidity', 'Appreciates' comments from US Treasury Sec Geithner that the USD is in the US best interest

Business Council Survey: 40% of those surveyed expect recession lasting into 2010, economic outlook to be flat and inflationary - Approx 60% of those surveyed are cutting their workforces

Norweigan Central Bank Chief: Sees room for rate cuts targeted at boosting growth, reiterates expectation that rates should fall to around 2% in 2009
- says weak NOK does not warrant tight monetary policy.
- says Norwegian banks must build their capital buffers, primarily via deposits.

Hillegom Purk 20:32 GMT February 12, 2009
Closed all 12490. Cloogy sleepy.

lkwd jj 20:21 GMT February 12, 2009 Reply   
have we disconnected from stox?

Amman wfakhoury 19:56 GMT February 12, 2009 Reply   
Amman wfakhoury 16:14 GMT February 12, 2009
eurjpy high probability sell call: Reply
sell around 116.00 tp 115.00
sell another @117.00 if rise before tp exit both around 116,00
stops 117.50

========
time to sleep..lets exit here for approx. 40 pips.

Amman wfakhoury 19:51 GMT February 12, 2009 Reply   
Amman wfakhoury 14:06 GMT February 12, 2009
gbp.usd high probability sell call: Reply
sell around 14290 tp 14190.
sell another at 14390 if rise before tp exit both around 14290.
stop 14450.


======
lets exit around 14200...well done

NYC ET 19:51 GMT February 12, 2009
Forex market finally woke up to equity weakness.

Hillegom Purk 19:47 GMT February 12, 2009
Starting again, 12531 in, lets see.

ottawa mjw 19:29 GMT February 12, 2009 Reply   
looking to be mirror image of ny close, asia open yesterday! interesting 30m chart, went long usd/jpy yesterday at close , maybe again today?

dc CB 19:09 GMT February 12, 2009
Goldman Sachs says no emergency investor meeting was convened Tuesday; says financial sponsor clients invited by bankers 3 weeks ago - Reuters

Hillegom Purk 19:08 GMT February 12, 2009
12540 stopped at 30.

Hillegom Purk 18:53 GMT February 12, 2009
Ok, ok, got the message. 12530 is out now at 12500. 12540 is at 12530. Shortest trade ever i guess...

dc CB 18:48 GMT February 12, 2009
Cool interactive Geithner relationship map.
NY Fed’s Timothy Geithner has high-powered mentoring group

Lahore FM 18:44 GMT February 12, 2009
eurjpy stops go to entry 115.15 on 1/2.

Hillegom Purk 18:42 GMT February 12, 2009 Reply   
shorts in, and more to follow: 12530 was starters, 12540 2. will continue to drop of point...

Mtl JP 18:41 GMT February 12, 2009
dc CB 18:24 / if the bozones pulled their heads out of their collective arses and read global-view, they just might figure out that there is one simple answer to their "problems facing the industry"

#1) STOP LYING.

#2) IF that is too complicated, maybe listen to FT's Martin Wolf telling like it is and more importantly like what it will be IF 0bama and team do not stop being political cowards.

Martin Wolf, in two parts:

http://finance.yahoo.com/tech-ticker/article/172003/FT%27s-Wolf-U.S.-Too-%22Politically-Frightened%22-to-Admit-Truth-About-Banks-Part-I?tickers=XLF,C,RBS,LYG,BCS,FAZ,SKF

http://finance.yahoo.com/tech-ticker/article/172116/Part-II-U.S.-Too-%22Politically-Frightened%22-to-Admit-Truth-About-Banks-FT's-Wolf-Says;_ylt=Akocv0eYXCCcLFgI.Ou6MgG7YWsA?tickers=XLF,SKF,FAZ,C,BAC,JPM,WFC

NYC 18:38 GMT February 12, 2009
Geithner appears to have become a lightening rod after his poor performance this week.

dc CB 18:37 GMT February 12, 2009
30y auction.

" was a mixed bag, but generally saw demand for a higher yield at 3.540% versus the 3.495% level at issue. The auction was poor, with the demand of a bid-to-cover of 2.02 while indirect bidders took 33.9%".

Mtl JP 18:32 GMT February 12, 2009
and the FX corollary to that is... sell usdyen for 20 - 30 pips ?
tia

NYC ET 18:25 GMT February 12, 2009
Let's break the quiet. Stocks moving lower.

dc CB 18:24 GMT February 12, 2009
Goldman Sachs: CNBC commentator reports that GS had a "secret meeting" following Geithner's speech, to try to figure out the problems facing the industry.

Says meeting included the co's 20 biggest hedge fund and private equity clients showed up, including representatives from KKR, Citadel, Bain Capital, Putnam, and others. Says attendes were concerned about the viability and effectiveness of Geithner's plan. Says GS itself may come up with a white paper addressing the problems. (briefing.com)

HK Kevin 17:28 GMT February 12, 2009
Bilad KaL, you really see EUR/GBP up to 0.9477. Based on the chart patterns, the strong resistance 0.9065 has been marginally breached earlier today. Until the price trades above 0.9065 for an hour. I favour short position.. Actually, I did earlier but closed too early earlier.

Bilad KaL 17:02 GMT February 12, 2009
AUDUSD
.6570 to .6611 should be done for .6320

Bilad KaL 16:51 GMT February 12, 2009
EURGBP 0.9477 0.8835
There more north
Maybe from next day

HK Kevin 16:42 GMT February 12, 2009
HK Kevin 14:37 GMT February 12, 2009
It should be buy AUD at 0.6465 instead of 0.6456
Just closed all long Aud from 0.6465 at 0.6511.

Lahore FM 16:30 GMT February 12, 2009
Lahore FM 14:40 GMT February 12, 2009
Trade Ideas: Reply
02/10/2009 12:17:51 FM Lahore 84
02/10/2009 01:22:47 FM Lahore 4
long eurusd 1.2845.stops 1.2773 bid.
--
half out at 1.2980 now.stops remain for 1/2.
--
stopped on 1/2 for some profit at 1.2778.

2nd long re netered now at 1.2744.

--
Very Well Analysed Maribor!
---
half out 1.2835.

Netherlands Bob 16:30 GMT February 12, 2009

fm, as long today's low not violated then we must be towards the other side of the range high 119's so not a greedy player will go for 11850

GENEVA DS 16:29 GMT February 12, 2009 Reply   
PLAN B
Entry: Target: Stop:

Everything seems to be going in NEW YORK perfectly after a pretraced plan in FX ... some selling first to the bottom of everyones charts , then buyers come back and make tons of money on upside.... GREAT forum.... NOW.... we have to wait on PLAN B tonight... eventually range break either side ? lets wait and see... good trades

GVI Forex Jay 16:28 GMT February 12, 2009
Posted on GVI Forex by a GVI Forex member:

US AND UK "AAA" RATINGS "BEING TESTED" BECAUSE OF SHOCK TO GROWTH -MOODY'S

Lahore FM 16:26 GMT February 12, 2009
118.50 locked??

i intend to raise stops to entry on move to 116.50.

London PW 16:25 GMT February 12, 2009 Reply   
Must be some news out. What is it????

Hong Kong Qindex 16:25 GMT February 12, 2009
Major
Entry: Target: Stop:

It is a good idea to review the following ranges in every trading session :-


USD/JPY : 87.59 - 89.30 - 91.00 - 92.71 - 94.41
EUR/USD : 1.1852 - 1.2181 - 1.2510 - 1.2839 - 1.3168
GBP/USD : 1.3193 - 1.3727 - 1.4260 - 1.4794 - 1.5327
USD/CHF : 1.0939 - 1.1198 - 1.1457 - 1.1715 - 1.1974
AUD/USD : 0.5674 - 0.5949 - 0.6224 - 0.6499 - 0.6774
USD/CAD : 1.2000 - 1.2205 - 1.2409 - 1.2614 - 1.2818


=============================================


USD/JPY : Bias is on the downside when it is below 91.00.


EUR/USD : The market is under pressure when it is below 1.2839.


GBP/USD : Bias is on the downside when it is below 1.4260.


USD/CHF : Heading Towards 1.1715.


AUD/USD : The market is under pressure when it is below 0.6499.


USD/CAD : Heading Towards 1.2614.

Bilad KaL 16:23 GMT February 12, 2009
Hi Kevi
I agree audusd
not shorting yet
now it with these
GBPCAD looking good

EUR/USD 1.2980 1.2598
USD/JPY 90.7249 88.3617
GBP/USD 1.4201 1.3705 Sell
USD/CHF 1.1762 1.1444
AUD/USD 0.6548 0.6184
USD/CAD 1.2759 1.2331
NZD/USD 0.5288 0.4963
EUR/JPY 116.8855 111.4760
GBP/JPY 128.4872 121.9179 Sell
GBP/CAD 1.7685 1.7195 Sell
GBP/NZD 2.7716 2.6597
GBP/AUD 2.2252 2.1508

Netherlands Bob 16:22 GMT February 12, 2009

FM, where you place now the stop after 1/2 closed?
or how you develop the trader further in case you are 11850 locked?

Lahore FM 16:20 GMT February 12, 2009
yes bob..lol...

Lahore FM 16:16 GMT February 12, 2009
and there goes eurgbp up 50.

Amman wfakhoury 16:14 GMT February 12, 2009 Reply   
sell around 116.00 tp 115.00
sell another @117.00 if rise before tp exit both around 116,00
stops 117.50

Netherlands Bob 16:13 GMT February 12, 2009

small firework :)

Lahore FM 16:10 GMT February 12, 2009
Lahore FM 14:55 GMT February 12, 2009
Trade Ideas: Reply
long eurjpy 115.14,stops at 113.00.
--
half out at 115.95.

Hong Kong Qindex 16:08 GMT February 12, 2009
lkwd jj 15:54 GMT : Those are daily low/high/closing data for the last three days. One can see that the weekly cycle projected series is a good general reference for day traders.

Hong Kong Qindex 16:04 GMT February 12, 2009
GBP/USD
Entry: Target: Stop:

GBP/USD : Weekly cycle projected series is a good reference for day trader. One can see that the market was able to pick up support around 1.4141 and it is now pulling towards 1.4287 which is the center of the weekly cycle projected series. One can also consider a long position when the market is able to trade above 1.4316.




==============================================


02/12/2009 08:03:48 Qindex Hong Kong 7
Weekly Cycle Analysis : The matrix of the weekly cycle indicates that most major pairs are going to work on some important barriers :-


USD/JPY : 89.88 - 91.04 - 92.59

EUR/USD : 1.2632 - 1.2857 - 1.3019

GBP/USD : 1.3711 - 1.4141 - 1.4316

USD/CHF : 1.1292 - 1.1493 - 1.1795

USD/CAD : 1.2558 - 1.2688 - 1.2835

AUD/USD : 0.6031 - 0.6461 - 0.6934







02/12/2009 07:42:51 Qindex Hong Kong 8
09/02 = 1.4703 / 1.4986 / closed = 1.4917
10/02 = 1.4453 / 1.4994 / closed = 1.4497
11/02 = 1.4317 / 1.4563 / closed = 1.4383


=============================================


GBP/USD : Weekly Cycle Trading Reference


... ... 1.3572 - 1.3751 // 1.3930* - 1.4108 - [1.4287] - 1.4466 - 1.4645* // 1.4823 - 1.5002 ...

Tel Aviv T. Livni 15:59 GMT February 12, 2009

yala beitar

Jerusalem ML 15:57 GMT February 12, 2009 Reply   
Gold
Entry: Target: Stop:

Hi

GOLD certainly looks like topped out (for now..)
950 exit , Tgt 900 soon

Be careful !

lkwd jj 15:54 GMT February 12, 2009
02/12/2009 07:42:51 Qindex Hong Kong 6
09/02 = 1.4703 / 1.4986 / closed = 1.4917
10/02 = 1.4453 / 1.4994 / closed = 1.4497
11/02 = 1.4317 / 1.4563 / closed = 1.4383
--------------------------------------------
what does this mean? the price where mkt closed in these ranges? and how do i use this info?

madrid 15:53 GMT February 12, 2009 Reply   

"The only sound reason for my buying a stock is that it is rising in price. If that is happening, no other reason is required. If that is not happening, no other reason is worth considering."

Nicholas Darvas, who was a very successful trader in the 1950s and 1960s.

Can be applied to FX, commodities, bonds, futures etc.

May the force be with you all. 8-)

Hong Kong Qindex 15:50 GMT February 12, 2009
Buy EUR/GBP
Entry: 0.8953 Target: 0.9180 Stop: 0.8930

EUR/GBP : It is likely that we have seen the daily low already around 0.8948.

Hong Kong Qindex 15:46 GMT February 12, 2009
Buy EUR/GBP
Entry: Target: Stop:

EUR/GBP : The market will tackle 0.9183 later, as soon as tomorrow or early next week. In the mean time it is vibrating around 0.8975 with an expected magnitude of 0.8923 - 0.9027. The mid-point reference of 0.8975 - 0.9183 is 0.9079.

lkwd jj 15:46 GMT February 12, 2009 Reply   
lkwd jj 22:36 GMT February 11, 2009
yen: Reply
usdjpy
Entry: 9030-40 Target: 8975 Stop: 9075

hourly charts break of 9023 will push lower to target area. dailies in sell mode as well.

-------------------------------------
trailing stop hit as mkt came close (80) but no cigar
swissy was a total loss as 1.15 still holding the line.
looking to reenter short usdyen soon.

HK Kevin 15:40 GMT February 12, 2009
Bilad KaL 14:55 GMT February 12, 2009
Expected Values: Reply
sorry about audusd
AUD/USD 0.6540 0.6173 <-------
Hi Bilad, your 0.6173 may be seen in the future. For intraday, I think 0.6490. 0.6510, 0.6540, 0.0580 will be seen first.

hong kong seek 15:26 GMT February 12, 2009
Laowen--hi guy , hope u still remember me ....and buying gold for 1200+ ...LOL...

Shenzhen Laowen 15:22 GMT February 12, 2009
Lahore, thank you for your kind reply! Many good trades to you~

Lahore FM 15:16 GMT February 12, 2009
eurchf long trade still valied,stops 1.4810.

dc CB 15:16 GMT February 12, 2009 Reply   
China to stick with US bonds - FT

FT reports China will continue to buy US Treasury bonds even though it knows the dollar will depreciate because such investments remain its "only option" in a perilous world, a senior Chinese banking regulator said. China has used the dollars it accumulates selling manufactured goods to US consumers to accumulate the world's largest holding of Treasuries. However, the increasing US budget deficit and its potential impact on the dollar have raised questions about the future Chinese appetite for US debt. Luo Ping, a director-general at the China Banking Regulatory Commission, said after a speech in New York on Wednesday that China would continue to buy Treasuries in spite of its misgivings about US finances. "Except for US Treasuries, what can you hold?" he asked. "Gold? You don't hold Japanese government bonds or UK bonds. US Treasuries are the safe haven. For everyone, including China, it is the only option." Mr Luo, whose English tends toward the colloquial, added: "We hate you guys. Once you start issuing $1 trillion-$2 trillion [$1,000 bln-$2,000 bln] . . .we know the dollar is going to depreciate, so we hate you guys but there is nothing much we can do."

Lahore FM 15:15 GMT February 12, 2009
Laowen you are quizzing me now..lolzzz.any suitable stop for a trade.1,2550 i suppose.
--

eurgbp 0.8960 area good to enter the long eurgbp Trade of The Year!

Shenzhen Laowen 15:12 GMT February 12, 2009
Lahore, much enjoy your trading style. For the lot of E$ long to be entered at 1.2658, where would be your S/L? 1.25? I seldom place an order to enter a trade, only watch the formation to determine the entry. BTW, how do you think of EURCHF long now? Is it still Trade of the Month? GL & GT.

Lahore FM 15:11 GMT February 12, 2009
Maribor dear,i see your technical point of view!!thanx for your kind post

Lahore FM 15:08 GMT February 12, 2009
Mades it is 1.2658 bid for 2nd long.now entered.

montreal CS 15:05 GMT February 12, 2009 Reply   

Anyone short these pairs lastnight?

Maribor 15:03 GMT February 12, 2009
FM, 1,2720 bid must be reached according to me...
Regarding AUDUSD 0,625 is possible, so EURUSD may go further down(?). I regard ~1,25 area as pain level, where suppy/demand balance among speculators would surely turn bearish, so that MM could load quantities for 1,292 again.

BA mades 14:59 GMT February 12, 2009
That's right ! Lahore FM is one of the best bottom/top catchers i've ever seen! Where is your SL ?

London HC 14:59 GMT February 12, 2009
Lahore, that was not meant as a criticism but an observation.

Netherlands Bob 14:59 GMT February 12, 2009

FM, let's see if the EUR/JPY will turn into fire or fireworks, happy trades :)

Lahore FM 14:57 GMT February 12, 2009
02/12/2009 14:55:29 HC London 3
Lahore, you seem to like to stand in front of a speeding train. GL
--
not the first time i read this analogy for myself on this forum!cheers!!

Lahore FM 14:55 GMT February 12, 2009
long eurjpy 115.14,stops at 113.00.

London HC 14:55 GMT February 12, 2009
Lahore, you seem to like to stand in front of a speeding train. GL

Bilad KaL 14:55 GMT February 12, 2009
sorry about audusd
EUR/USD 1.2977 1.2593
USD/JPY 90.6339 88.2153
GBP/USD 1.4190 1.3690
USD/CHF 1.1769 1.1448
AUD/USD 0.6540 0.6173 <-------
USD/CAD 1.2753 1.2326
NZD/USD 0.5286 0.4959
EUR/JPY 116.7642 111.2876
GBP/JPY 128.2158 121.5474

Lahore FM 14:54 GMT February 12, 2009
02/11/2009 00:15:03 FM Lahore 47
Lahore FM 20:21 GMT February 10, 2009
Trade Ideas: Reply
lomg eurjpy at 116.13,stops 114.90.
--
half out at 116.90.
--
stopped on 1/2 for minus 50 pips.

Netherlands Bob 14:51 GMT February 12, 2009
tallinn viies 14:49 GMT February 12, 2009


hello to you ... and gold?! ;)

Bilad KaL 14:50 GMT February 12, 2009 Reply   
For now these are the mean values for next 6-8 hrs

EUR/USD 1.2977 1.2593
USD/JPY 90.6332 88.2148
GBP/USD 1.4189 1.3690
USD/CHF 1.1769 1.1448
AUD/USD 0.5479 0.5271
USD/CAD 1.2754 1.2326
NZD/USD 0.5286 0.4959
EUR/JPY 116.7631 111.2865
GBP/JPY 128.2136 121.5461

tallinn viies 14:49 GMT February 12, 2009 Reply   
euro used to trade at 1,18sh at the times when crude oil was 35,00.

more to go?

Lahore FM 14:40 GMT February 12, 2009
02/10/2009 12:17:51 FM Lahore 84
02/10/2009 01:22:47 FM Lahore 4
long eurusd 1.2845.stops 1.2773 bid.
--
half out at 1.2980 now.stops remain for 1/2.
--
stopped on 1/2 for some profit at 1.2778.

2nd long re netered now at 1.2744.

--
Very Well Analysed Maribor!

HK Kevin 14:37 GMT February 12, 2009
Trade Ideas: Reply
It should be buy AUD at 0.6465 instead of 0.6456

HK Kevin 14:30 GMT February 12, 2009
Join you and buy AUD at 0.6456. Stop at 0.6418. Intraday t/p 1.6540/80

Amman wfakhoury 14:06 GMT February 12, 2009 Reply   
sell around 14290 tp 14190.
sell another at 14390 if rise before tp exit both around 14290.
stop 14450.

San Diego bobl 13:44 GMT February 12, 2009 Reply   
FM...
Be interesting to see how the aud acts at this reasonably strong resistance point. Good luck with it.

note: everyone talks $1000 gold, which of course means that's the last place you want to make a play. I've been a gold bull for years, but am taking a "trading" leg off here and contemplating what I'm going to do on the big figure attack.

aud/usd right on the spot right now... we'll see.

gl/gt

GVI Forex john 13:39 GMT February 12, 2009
Weekly jobs U.S.

Lahore FM 13:31 GMT February 12, 2009
2nd long audusd now in 0.6488,stops at 30.

HK JC 13:30 GMT February 12, 2009 Reply   
any update on US jobless claim??

GVI Forex john 13:22 GMT February 12, 2009
Much earlier...

Australian Employment

HK Kevin 13:07 GMT February 12, 2009 Reply   
Sell USD/JPY
Entry: Target: Stop:

HK RF, what do you think about a stop sell of USD/JPY at 89.70 with stop above today's high.

GVI Forex john 12:56 GMT February 12, 2009

NEW! GVI Forex Chart Gallery. Printable FX Charts

GVI Forex john 12:55 GMT February 12, 2009 Reply   

NEW! GVI Forex Chart Gallery. Printable FX Charts

Click for Complete Chart Points

GVI Forex Jay 12:50 GMT February 12, 2009
Isr (and others). It is only useful if we get more participation. It is an easy way for those who are reluctant to post to join in. It is especially useful when a rationale is added. So we suggest participating if you want to see this as a daily feature.

Chicago SC 12:47 GMT February 12, 2009
bias yesterday seemed to be for a higher E/$. It tried to rally and failed (market already long?).

Bias today, including me looks to be for a weaker E/$. That makes me worry about my short position. Ill be running a close stop today.

isr gush 12:39 GMT February 12, 2009 Reply   
Range Forecast very useful indeed!

madrid 12:37 GMT February 12, 2009
1.250000-1.350000

8-)

Chicago SC 12:36 GMT February 12, 2009
Global-View I love the range thread. I wish a lot more people would stick their neck out and participate.

How I use it. I look to see if there is a strong bias in the forecasts. That could set up a contrarian trade, Secondly I look at the width of the band for volatility forecast and third I'm looking for who is hot.

London HC 12:21 GMT February 12, 2009
1.2795-1.2915

Does US screw with us again?

Chicago SC 12:15 GMT February 12, 2009
1.2790-1.2915

Look for another range day. Attempts to drive EUR/USD lower will run out of steam and short covering will result. Equities weak, but shorts will cover into the long weekend.

Geneva DS 11:57 GMT February 12, 2009
(we reposted this under the proper thread)

Actually don t take too much into this forecast, as I am normally extremely bad on short term forecast, prefer medium to long term but nevertheless.... think as well like others time is running out for risk assets... euro to collapse. 12930-12585

GENEVA DS 11:55 GMT February 12, 2009 Reply   
EURUSD
Entry: Target: Stop:

Actually don t take too much into this forecast, as I am normally extremely bad on short term forecast, prefer medium to long term but nevertheless.... think as well like others time is running out for risk assets... euro to collapse. 12930-12585

Bru Yein 11:49 GMT February 12, 2009 Reply   
Just want to know whether other trader had a connection problem to log in into their platform at this moment as it seems that I cant enter both of my trading platform of different broker at this moment

TIA

NYC 11:40 GMT February 12, 2009
1.2750-1.2905

Time is running out on the week ahead of a 3-day US weekend. No time for risk appetite.

London NYAM 11:37 GMT February 12, 2009
1.2880 -1.2690

GVI Forex Jay 11:23 GMT February 12, 2009 Reply   

Entry: EUR/USD range forecast for today (NY open to the close) Target: Stop:

This is a great idea but only works if you participate:

Post your forecast for the EUR/USD range for today (NY open to the close) and a line for your rationale.

For those coming in after this message is posted, post your forecast + rationale from the time you see this post to the end of the trading day.

Click on reply to post your forecast and keep it in the same thread.

This was a forecast at the start of Far East trading (note range today has been 1.2797-1.2942):

NYC JM 00:10 GMT February 12, 2009
EUR/USD range forecast for today : Reply

1.2790-1.2945 or 1.2805-1.2955 (had trouble deciding)

It all depends on how stocks trade. Geithner testifies at 10:00 EST and the markets have turned skeptical about him. Hard to make tight ranges as they tend to overshoot

GENEVA DS 10:52 GMT February 12, 2009 Reply   
To continue the discussion on USDCAD... the break will occur either at 1.2150 for 10400 or at 1.2650 for 1.4000.... take your guess on that... on entrys we place 1.5 percent the stop loss and are working with daily charts. good luck to all

U.K. J.B. 10:50 GMT February 12, 2009 Reply   
I like stg/crosses this year, no change in view. Unfortunately equities again are the dominant force here. I feel we will see stg/chf above 2.00 this year but again average the trade and play the ranges i.e buy a 1.50 handle in stg/chf take some profit with a 1.70 handle with my view of seeing above 2.00 sometime this year.

Maribor 10:49 GMT February 12, 2009
Down pressure on oil may as well be seen on EURUSD and commodities currencies.

Gen dk 10:45 GMT February 12, 2009 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

U.K. J.B. 10:44 GMT February 12, 2009 Reply   
My first visit back since my post yesterday. Please keep the forum friendly it is hard enough making money as it is without added complications.

On to more important matters. I trade the average and scale into trades. In other words 1.2475 i sold 25% of our portfolio 25 % @ 1.2508 then the bal. went on near 1.2530 . You can see by drawing the line straight across the major res. area. If the trade came off as it did it is always nice to take some profits and keep the core trade as it is. With the uncertainty in the equity markets as is the case again today i would not see dolls/cad coming off in the near term but again sell those rallies as i see 1.2200 once the stability comes through to equities A little bit of hindsight in there of which i apologise in advance for.

London NYAM 10:40 GMT February 12, 2009
Our pattern analysis indicates the same thing. 60/40 continuation rather than Reversal break (Gold may be correction bound after a spike).

GENEVA JFO 10:33 GMT February 12, 2009 Reply   
My post February 11th 18:02
Sell eurusd entry 1.2855 target 1.2640 SL 1.2970
Took profit at 1.2803 and square.
Seems that some support appears around 1.2790

GENEVA DS 10:32 GMT February 12, 2009 Reply   
RANGE
Entry: Target: Stop:

Our technical indicators show that we will break several ranges in fx markets and stox markets next 2 to 3 days... let guess yourself , where the breaks will lead us to.... one thing is for sure already, it will be huge and unpardonable everywhere... 10 to 20 percent weekly moves will follow... good trades to all !

sing at 10:30 GMT February 12, 2009 Reply   
Buy xau
Entry: Target: 975 Stop:

taken half off at 940...looking forward to 975. watch out once cross 950

ldn jp 10:23 GMT February 12, 2009 Reply   
London 10:11 GMT February 12, 2009

If you actually took time to read what I said it was that I don't see how that was 'TRADE OF THE DAY!' Maybe 'TRADE OF A FEW DAYS' duration but not 'Trade of the Day'.
USD/CAD currently 1.2460 so still has a fair bit to go to target to 1.2200.

Also another reason people leave this forum is because of people like you who cannot discuss trades without starting a sentence with abuse.

eu kaprikorn 10:15 GMT February 12, 2009 Reply   
London 10:11 ...
exactly!

London 10:11 GMT February 12, 2009 Reply   
You are a doughnut . Read what UK/JB put he started selling at 1.2475 looking to sell again with a 1.25 handle. You are the main reason why the professionals dont stay around longer. I am sure they have better things to do. We should just appreciate their comments when they do take the time out to post.

LDN 09:55 GMT February 12, 2009
Well after yesterday with Purky hanging around the supermarket and doing forex , his comment of " dick with his stick" has been seen by Mrs PURK,,,,,So dont think you will hear from Purk today as his missus wll have " his d i ck on a stick...lol...

ldn jp 09:41 GMT February 12, 2009 Reply   
Hillegom Purk 22:22 GMT February 11, 2009
Hats of for UK JB who set the trade of the day in usd-cad.

Did I miss something here? UK JB sold usd/cad at 1.2475 with a target of 1.2200 - it then shot up to 1.2529 and is currently sitting at 1.2420. Appreciate that the trade still has time to work it's way to target at 1.2200 but fail to see how that was trade of the day!

Gen dk 09:39 GMT February 12, 2009 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Cape Town 09:30 GMT February 12, 2009
Does anyone actually trust Moody's any more?

Syd 09:24 GMT February 12, 2009 Reply   
Moody's Says Spain, Ireland Ratings "Vulnerable
Moody's Says U.S., U.K. Ratings "Resilient"

Irish Fin Min Lenihan: I have not done anything wrong, not considering resigning

eu kaprikorn 09:23 GMT February 12, 2009 Reply   
http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/45
93539/European-banks-toxic-debts-risk-overwhelming-EU-governments.html

BA mades 09:18 GMT February 12, 2009 Reply   
I see 1,2765 as support with 1,27 break as confirmation of downbreak (target 1,237). According to my chart it also needs to close below 1,283 to test those levels. Key resistance at 1.31.

Amman wfakhoury 09:13 GMT February 12, 2009 Reply   
Amman wfakhoury 16:22 GMT February 11, 2009
gbp.usd: Reply
Amman wfakhoury 11:26 GMT February 11, 2009
gbp.usd high probabilty buy call: Reply
buy around 14360 tp 14450 .
buy another at 14260 if decline exit all around 14350
stop 14200
====
if you did not exit at higher price ..exit here as it is going down.
---------
went down as alerted

Syd 09:01 GMT February 12, 2009 Reply   
The Spanish economy entered recession in the second half of 2008, preliminary data from Spain's National Statistics Institute, or INE, showed Thursday. Formerly one of the euro zone's chief engines of economic growth and job creation, Spain suffered an abrupt change of fortunes last year when the outbreak of the global financial crisis hastened a correction that was already underway in its once-buoyant home-building industry. With home sales in free fall, Spain is hemorrhaging jobs. Nearly 200,000 job seekers filed new claims with the state employment agency in January, boosting the total jobless number to 3.3 million. Data published last month by European Union statistics agency Eurostat showed Spain had a 14.4% unemployment rate in December, nearly twice the 8% level for the wider euro zone.
www.ine.es
ECB: Risks To Econ Growth "Clearly" On The Downside

Maribor 08:53 GMT February 12, 2009
FM, I still think 1,272 is in the cards. I has not been hard enough to be long xxxUSD pairs.

Lahore FM 08:51 GMT February 12, 2009
eurusd 1.2855 now can still be a safer buy with a tighter stop imho!

Bilad KaL 08:48 GMT February 12, 2009
Longed EURCHF 1.4940
Target 1.5050
adding more with dips

1.4916

Syd 08:45 GMT February 12, 2009 Reply   
Euro vs US Dollar Early Chatter circulating that more European sovereign downgrades in the works
- Dealers hearing that Moody's could cut Spain and Ireland debt rating from AAA
- Followup: 2:58am et Dealer noted that Moody did issue a report earlier saying Spain and Ireland were among the the most vulnerable nations with a AAA rating, but said the report does not constitute a change in the rationg or outlook

Target a EUR down at $1.15 and at Y100, with stops above the last peaks at $1.3090 and Y120.00, says RBS. Pointing to the more dovish line at the ECB, the heavy cut in Swedish rates and the Bank of England's hint of quantitative easing, the bank asks why these policymakers are shaking in their shoes. "We wonder if events in eastern Europe are to blame," the bank says, noting the fragility in global risk aversion and the likelihood of a sharp fall in euro zone industrial production later in the day. The EUR is now at $1.2899 and at Y116.30.

Bilad KaL 08:44 GMT February 12, 2009
Longed eurusd
Target 1.3030
some long gbp/usd 1.4227
Might hit 1.442 again

Hong Kong Qindex 08:42 GMT February 12, 2009
Sell EUR/USD
Entry: Target: Stop:

EUR/USD : The daily cycle projected series suggests that we may have seen the daily high around 1.2944 in the Asian Session or at least the high before the New York Session.

Hong Kong Qindex 08:39 GMT February 12, 2009
Sell EUR/USD
Entry: Target: Stop:

EUR/USD : Unless the market is able to trade above 1.2998, my bias is on the downside. My system is dependence on cycles, symmetry and trend lines therefore daily, 3-days, 5-days, weekly, monthly, 3-months and 6-months are used to determine the daily "neutral range", "upside targeting points" and "downside targeting points".


==============================================

EUR/USD : Daily Cycle Analysis

Initial Expected Range : 1.2754 - 1.2978

Daily Cycle Projected Series : ... 1.2288 - 1.2357* - 1.2426 - 1.2460 // 1.2495* - 1.2530 - 1.2564 - 1.2599 - 1.2633* - 1.2668 - [1.2702] - 1.2737 - 1.2771* - 1.2806 - 1.2840 - 1.2875 - 1.2909* // 1.2944 - 1.2978 - 1.3047* - 1.3116 ...


Daily Cycle Congested Area : 1.1992 - 1.2229 - 1.2465 - (1.2702 - 1.2939) - 1.3176 - 1.3412

Neutral Range : 1.2661 - 1.2992 (Buy at low and sell at high is the preferred trading strategy when the market is trading within the the neutral range. A stop and reverse order can also be considered).

Upside Targeting Points : 1.3040 - 1.3080

Downside Targeting Points : 1.2636 - 1.2736

Hong Kong Qindex 08:03 GMT February 12, 2009
Major
Entry: Target: Stop:

Weekly Cycle Analysis : The matrix of the weekly cycle indicates that most major pairs are going to work on some important barriers :-


USD/JPY : 89.88 - 91.04 - 92.59

EUR/USD : 1.2632 - 1.2857 - 1.3019

GBP/USD : 1.3711 - 1.4141 - 1.4316

USD/CHF : 1.1292 - 1.1493 - 1.1795

USD/CAD : 1.2558 - 1.2688 - 1.2835

AUD/USD : 0.6031 - 0.6461 - 0.6934

Hong Kong Qindex 07:42 GMT February 12, 2009
GBP/USD
Entry: Target: Stop:

09/02 = 1.4703 / 1.4986 / closed = 1.4917
10/02 = 1.4453 / 1.4994 / closed = 1.4497
11/02 = 1.4317 / 1.4563 / closed = 1.4383


=============================================


GBP/USD : Weekly Cycle Trading Reference


... ... 1.3572 - 1.3751 // 1.3930* - 1.4108 - [1.4287] - 1.4466 - 1.4645* // 1.4823 - 1.5002 ...

Hong Kong Qindex 07:38 GMT February 12, 2009
GBP/USD
Entry: Target: Stop:

GBP/USD (Adjusted) : Weekly Cycle Reference


... 1.3930* - 1.4108 // 1.4287 - 1.4466 - [1.4645]* - 1.4823 - 1.5002 // 1.5181 - 1.5359* ...

Bilad KaL 07:23 GMT February 12, 2009
Cable 1.4420 back south to 1.4330

Bilad KaL 07:18 GMT February 12, 2009
got high and low from no till us session
at 1.3030 to 1.2780

all friday
1.3030 to 1.2708

I do not thing longing into us session as a problem
1.2860
1.2858
1.2855

Lahore FM 07:12 GMT February 12, 2009
02/11/2009 22:11:18 jj lkwd 3
i wasnt criticizing your style at all and i hope you didnt read it that way. good trades to you and keep up the great work !!
--
JJ no offense taken nor meant!
---
eurusd has overcome 1./2920 and looks good for rise to mid 1.30's to lower 1.30's.

Bilad KaL 07:08 GMT February 12, 2009 Reply   
GBPJPY shorts here 129.60
Target 128.2

Syd 07:02 GMT February 12, 2009 Reply   
(UK) UK Chancellor Darling: UK will not adopt Euro - report -

Bilad KaL 06:54 GMT February 12, 2009
GBPCAD shorts great
1.79872
1.79882
1.79890
1.79892
1.79893
1.79894

for tgt friday close

1.7492
1.7489
1.7488
1.7488
========
GBPAUD great as well shorts
2.22617
2.22623
2.22641

could see 2.14 friday

==========
GBPNZD is good too short

2.75801
2.75722
2.75679
TGT
2.64 area friday
gl

montreal CS 06:39 GMT February 12, 2009 Reply   

Short GA - 2.1970
Short GC - 1.7860

Como Perrie 06:35 GMT February 12, 2009 Reply   
http://www.youtube.com/watch?v=7DX0hlMLgqA


http://www.youtube.com/watch?v=1pqxsTqFZjc


----------

Plus the daily curiosities Doom Gloom and the Cognitively Detached World ;)

http://news.goldseek.com/GoldSeek/1234386901.php


http://news.yahoo.com/s/ap/20090212/ap_on_sc/satellite_collision_13

http://news.yahoo.com/s/ap/20090212/ap_on_go_co/congress_stimulus

Syd 06:22 GMT February 12, 2009 Reply   
Imports and exports fell sharper than expected in China in January, signaling weaker domestic and international demand. Daniel Soh from Forecast said he believes this "is only the beginning for China" and sees more bad news coming.
http://www.cnbc.com/id/15840232?video=1029941034&play=1

Syd 06:17 GMT February 12, 2009 Reply   
St. Louis SAJ 06:03 thanks, I trawl through all info and anything I feel will benefit GV like to share :-))

Bilad KaL 06:08 GMT February 12, 2009
AUDUSD Is north today from .6350 to .6640
Politicians can do nothing

St. Louis SAJ 06:03 GMT February 12, 2009
It's worse than imagined just now for 2 reasons, Syd.

1) Euro banks were allowed greater leverage by law than US banks, and, when the fit hit the shan in Aug/Sep of last year, the Euro banks, most of them, were levered right up to the guts.

2) Lehman Bros and Hypo Bank failed within a few days of each other. Lehman? They're bankrupt, they're gone, and whatever messes they left are known and defined...and now held by other parties.

Hypo? Why, the Euro boffins have had 2 separete goes with them as a bailout...except no one seems to be able to agree on just WHAT should be bailed out Hypo Bank? Still around. Solvent? Your guess is as good as mine. Doing business? One supposes so...but with WHOM? Shurely not you or me.

Lack of transparancy, even as bad as it is with US banks, is going to cost the Eurozone MUCH more. Whether sooner or later, I leave to your good judgment.

Many thanks for your ongoing efforts providing news in the Asian session. Jay ought to put you right on the payroll !

Syd 06:01 GMT February 12, 2009 Reply   
AUD/USD, AUD/JPY fall after Australian Senate rejects government's stimulus plan, say two senior dealers at major banks in Tokyo; AUD/USD at 0.6530 and one says it may fall to 0.6480, with AUD/JPY at 58.75 and targeting 58.40. "It was a surprise," says Societe Generale senior dealer Yuji Saito; "in the current fight against the financial crisis, speed is what matters the most. The rejection means a delay, and therefore it spurs risk aversion." Says AUD may fall more in European hours. RBC Capital Markets notes government will reintroduce package and Senate will debate it again on Feb. 13, "so much of the cash payments to households will be delayed from March."(

Bilad KaL 05:52 GMT February 12, 2009
USDCAD seems to offer more pips south
from 1.2470 tgt 1.2230

Bilad KaL 05:50 GMT February 12, 2009
USDJPY very short
from 90.20 area
TGT 89.2
straight south

Syd 05:44 GMT February 12, 2009 Reply   
UPDATE 4.23pm: THE Rudd government's $42 billion economic stimulus package has been rejected by parliament.

Bilad KaL 05:41 GMT February 12, 2009
Hello all asian session traders..
going long cable at 1.4308 today
Target 1.4430

EURUSD Long at 1.2870 to 1.2850
Target 1.3020 midd us session
GL

Syd 05:30 GMT February 12, 2009 Reply   
Australia Senate Votes Against Govt Stimulus Plan

Hong Kong Qindex 05:11 GMT February 12, 2009
Sell EUR/USD
Entry: Target: Stop:

EUR/USD : Daily Cycle Analysis


Both Ends = 1.2288 - 1.3116

Center of the Series = 1.2702

Lower and Upper Barriers = 1.2460 // 1.2495* and 1.2909 // 1.2944*


The system detrermined both ends at 1.2288 and 1.3116. This range is then divided into 4 major sessions, namely 1.2288 - 1.2495 - 1.2702 - 1.2909 - 1.3116. Each session can then be divided several smaller sessions.

Syd 05:01 GMT February 12, 2009 Reply   
The toxic debts of European banks risk overwhelming a number of EU governments and may pose a “systemic” danger to the broader EU banking system, according a confidential memo prepared by the European Commission.
While no country was mentioned, the obvious candidates are Ireland, Luxembourg, Belgium, the Netherlands, Austria, Sweden, and Britain -- and non-EU member Switizerland -- which all have oversized banking sectors. EU banks hold balance sheet assets of €41.2 trillion (£36.9 trillion).




http://www.telegraph.co.uk/finance/newsbysector/banksandfin
ance/4593539/European-banks-toxic-debts-risk-overwhelming-EU-governments.html

Syd 04:55 GMT February 12, 2009 Reply   
The euro fell against the yen in Asia Thursday because investors who anticipate a lower interest rate in Europe ahead sold the currency, and dealers said the single unit's downturn will likely continue for now.

"Because the European Central Bank is very likely to cut its rates (which is at 2.00%) at the next policy meeting, many players want to decrease their holdings of the euro," said Hiroshi Maeba, a senior dealer at Nomura Securities.

He said investors are interested in selling euros above $1.29 and Y116.50 levels.

Dealers added the U.K. pound is also weaker against the dollar and yen, the two main safe haven currencies, because of the nation's geopolitical proximity to the euro zone.

Hong Kong Qindex 04:29 GMT February 12, 2009
EUR/USD
Entry: Target: Stop:

EUR/USD : Aftwer we got general direction from the reference points (Significant Numbers) and a rough idea about the possible trading range with the weekly cycle trading reference, it is better to know the general profile of the daily cycle projected series. One may complain that there are too many numbers in the whole projected series but one only need to pay attention to both ends and the center of the series. The lower and upper barrier of the projected series is usually the initial targeting range for the daily high/low.


... 1.2288 - 1.2357* - 1.2426 - 1.2460 // 1.2495* - 1.2530 - 1.2564 - 1.2599 - 1.2633* - 1.2668 - [1.2702] - 1.2737 - 1.2771* - 1.2806 - 1.2840 - 1.2875 - 1.2909* // 1.2944 - 1.2978 - 1.3047* - 1.3116 ...

Hong Kong Qindex 03:31 GMT February 12, 2009
Gold
Entry: Target: Stop:

hong kong seek 02:46 GMT : Gold : May be not in this month. It is becuse the critical level of the monthly cyle is located at 1001.3 - 1015.0. The market is now trading within the neutral barrier. "The market is under pressure when it is trading below the neutral barrier at 924.9 // 958.5".

Sydney Roosters 03:16 GMT February 12, 2009 Reply   
Buy aud
Entry: 0.6578 Target: 0.6800 Stop: 0.6478

With employment nos. out aussie seems to have found some new strength. Shorts seem rather weak at the moment and a push above 0.6600/20 should happen shortly.

Squared up on my short Gold trade atcost. Was however very very wrong as I thought $850 was to be seen. Thank goodness for stops.

Good luck all !

hong kong seek 02:46 GMT February 12, 2009
DR.Q--morning Sir ! do u expect a new high on gold ? ths a lot ..

Hong Kong Qindex 02:45 GMT February 12, 2009
Major
Entry: Target: Stop:

The followings are still valid and we have to keep an eye on USD/CAD.


02/11/2009 03:25:30 Qindex Hong Kong 14
USD/JPY : The market is under pressure when it is below 91.00. Keep an eye on the next target at 89.30.


EUR/USD : Speculative selling pressure will increase when the market is trading below 1.2839.


GBP/USD : The market is consolidating within 1.4260 - 1.4794.


USD/CHF : The current expected trading range is 1.1457 - 1.1715.


AUD/USD : One should maintain a bearish mood when the market is trading below 0.6499.


USD/CAD : The market is heading towards 1.2614.


==============================================


02/10/2009 05:58:41 Qindex Hong Kong 22
One have to be very cautious and monitor the market movement when one of the major currencies hit either end of the range. Keep an eye on AUD/USD.


02/06/2009 04:19:19 Qindex Hong Kong 3
Either side of the range will be hit by the market within one to three months.


USD/JPY : 87.59 - 94.41
EUR/USD : 1.1852 - 1.3168
GBP/USD : 1.3193 - 1.5327
USD/CHF : 1.0939 - 1.1974
AUD/USD : 0.5674 - 0.6774
USD/CAD : 1.2000 - 1.2818


All these are reference numbers in my system. One can divide the above ranges into four divisons and you will get some significant numbers.


USD/JPY : 87.59 - 89.30 - 91.00 - 92.71 - 94.41
EUR/USD : 1.1852 - 1.2181 - 1.2510 - 1.2839 - 1.3168
GBP/USD : 1.3193 - 1.3727 - 1.4260 - 1.4794 - 1.5327
USD/CHF : 1.0939 - 1.1198 - 1.1457 - 1.1715 - 1.1974
AUD/USD : 0.5674 - 0.5949 - 0.6224 - 0.6499 - 0.6774
USD/CAD : 1.2000 - 1.2205 - 1.2409 - 1.2614 - 1.2818

Hong Kong Qindex 02:39 GMT February 12, 2009
USD/CAD
Entry: Target: Stop:

09/02 = 1.2133 / 1.2299 / closed = 1.2191
10/02 = 1.2186 / 1.2493 / closed = 1.2475
11/02 = 1.2390 / 1.2532 / closed = 1.2417


=============================================


USD/CAD : Weekly Cycle Trading Reference


... 1.1975* - 1.2069 // 1.2162 - 1.2256 - [1.2349]* - 1.2443 - 1.2536 // 1.2630 - 1.2724* ...

Hong Kong Qindex 02:31 GMT February 12, 2009
AUD/USD
Entry: Target: Stop:

09/02 = 0.6629 / 0.6829 / closed = 0.6786
10/02 = 0.6482 / 0.6752 / closed = 0.6503
11/02 = 0.6482 / 0.6601 / closed = 0.6579


=============================================


AUD/USD : Weekly Cycle Trading Reference


... 0.6215 - 0.6313 // 0.6410* - 0.6508 - [0.6605] - 0.6703 - 0.6801* // 0.6898 - 0.6996 ...

Syd 02:03 GMT February 12, 2009 Reply   
Australia's unemployment rate rose to its highest level since June 2006 in January, a deterioration that threatens to further depress consumer confidence and trigger the need for more economic stimulus measures.

Unemployment gapped higher in ominous fashion to 4.8% seasonally adjusted in January from 4.5% in December, a move which was partly explained by an increase in the number of people actively looking for work in the month, economists said.

The Australian Bureau of Statistics said it was the biggest one-month rise in unemployment since April 2001.
The data came a day after news that consumer confidence continued to decline in February despite a wave of fresh policy stimulus at the start of the month, including a new four-year fiscal package worth A$41.5 billion.

Also Thursday, National Australia Bank reported that business confidence slumped to its lowest levels on record in the fourth quarter and forward estimates for capital expenditure crumbled.

Despite the jump in unemployment in January, overall employment grew by 1,200, a much better-than-expected outcome than the forecast 16,500 fall.

Sell AUD/USD On Strength Up To 0.6600 - Westpac
Volatile Australian jobs numbers make it difficult to read too much into headline number of jobs growth when market expected losses, but main number to watch is still rising unemployment rate, say Westpac strategists. "The unemployment rate also rose more than expected and this is where more focus should be and on this basis our focus remains to sell the AUD on strength. Look to sell on strength up to 0.6600 with a stop above 0.6650."(

Montreal CS 02:00 GMT February 12, 2009 Reply   

Anyone thinking of shorting GBPCAD? It looks to be the weakest pair at the moment.

Hong Kong Qindex 01:59 GMT February 12, 2009
USD/CHF
Entry: Target: Stop:

09/02 = 1.1504 / 1.1680 / closed = 1.1618
10/02 = 1.1507 / 1.1780 / closed = 1.1586
11/02 = 1.1513 / 1.1633 / closed = 1.1583


=============================================


USD/CHF : Weekly Cycle Trading Reference


... 1.1402 - 1.1452 // 1.1503* - 1.1554 - [1.1605] - 1.1656 - 1.1706* // 1.1757 - 1.1808 ...

Hong Kong Qindex 01:51 GMT February 12, 2009
USD/JPY
Entry: Target: Stop:

09/02 = 90.90 / 92.12 / closed = 91.43
10/02 = 90.15 / 91.65 / closed = 90.25
11/02 = 89.71 / 90.75 / closed = 90.50


=============================================


USD/JPY : Weekly Cycle Trading Reference


... 88.92* - 89.38 // 89.84 - 90.30 - [90.76]* - 91.22 - 91.67 // 92.13 - 92.59* ...

Hong Kong Qindex 01:45 GMT February 12, 2009
GBP/USD
Entry: Target: Stop:

09/02 = 1.4703 / 1.4986 / closed = 1.4917
10/02 = 1.4453 / 1.4994 / closed = 1.4497
11/02 = 1.4317 / 1.4563 / closed = 1.4383


=============================================


GBP/USD : Weekly Cycle Trading Reference


... 1.3426 - 1.3871* // 1.4317 - 1.4540 - [1.4763]* - 1.4985 - 1.5208 // 1.5654* - 1.6099 ...

Hong Kong Qindex 01:24 GMT February 12, 2009
GBP/USD
Entry: Target: Stop:

GBP/USD : Weekly Cycle Trading Reference


... 1.3426 - 1.3871* // 1.4317 - 1.4540 - [1.4763]* - 1.4985 - 1.5208 // 1.5654* - 1.6099 ...

Syd 01:18 GMT February 12, 2009 Reply   
U.S. rating agency Moody's Investor Service is mulling a credit rating downgrade for Spain following in the footsteps of Standard & Poor's, which cut Spain's rating in January, reports Expansion in its Thursday Internet edition.

Moody's will publish a report Thursday, which labels Spain's credit rating as "vulnerable," and which could pave the way to a downgrade. The report also mentions Ireland as a country at risk of being downgraded.

Moody's has recently switched Ireland's outlook to negative from stable and has a stable outlook for Spain.

S&P cut its sovereign debt rating for Spain to AA+ from AAA, citing the country's weak economic growth, large current account deficit and rapidly deteriorating public accounts

Northern Beaches ARD 01:17 GMT February 12, 2009 Reply   
Hong Kong Qindex 01:11 GMT February 12, 2009
EUR/USD range forecast for today : Reply
The range could be 1.2683 - 1.2920.

Dr Q do you have the deatails for GBP/USD too.
Thnx

Hong Kong Qindex 01:11 GMT February 12, 2009
The range could be 1.2683 - 1.2920.


In general the weekly cycle projected series can give one a good idea about the possible range.


09/02 = 1.2875 / 1.3094 / close = 1.3024
10/02 = 1.2810 / 1.3075 / close = 1.2980
11/02 = 1.2834 / 1.2998 / close = 1.2904


=============================================

EUR/USD : Weekly Cycle Trading Reference


.... 1.2525* - 1.2604 // 1.2683 - 1.2762 - [1.2841]* - 1.2920 - 1.2998 // 1.3077 - 1.3156* ...

Syd 01:08 GMT February 12, 2009 Reply   
Australia's jobless rate will likely touch 6.5% by year end, rising to 9% in 2010, says JPMorgan Economist Stephen Walters. Notes number of jobs created in January much better than expected, but says can't trust noise between part-time and full-time components of ABS release. Notes "real world anecdotes" paint very different picture to data showing jump in full-time jobs. Adds unemployment rate up around 1 percentage point over year; "that won't turnaround any time soon."

Hong Kong Qindex 00:56 GMT February 12, 2009
EUR/USD
Entry: Target: Stop:

EUR/USD : Weekly Cycle Trading Reference


.... 1.2525* - 1.2604 // 1.2683 - 1.2762 - [1.2841]* - 1.2920 - 1.2998 // 1.3077 - 1.3156* ...

Syd 00:41 GMT February 12, 2009 Reply   
Australian business confidence drops to lowest level on record in final months of 2008, NAB's 4Q business survey shows. Consumer confidence plunged to minus-31 index points, compared with minus-7 in previous quarter. Survey graphically reveals capitulation of demand across economy in late 2008, underscores urgency that surrounded moves by policy makers to inject stimulus into economy. Overall business conditions fell 12 points to minus-16 index points in 4Q. Capital spending contracted sharply while deeper fissures appeared in labor market. Expectations of capital spending fell 28 points to index reading of minus-15 points in 4Q, while forward orders fell 20 points to minus-20 points, lowest reading since late 1991. NAB expects economy to contract 0.25% in 2009 and the government to forecast A$50 billion budget deficit in 2009-10. Outlook suggests there's scope for ongoing interest rate cuts, further fiscal stimulus in 2009-10 budget in May likely

Syd 00:32 GMT February 12, 2009 Reply   
Australian business confidence crashed to its lowest level on record in the final months of 2008, scuttled by the global financial crisis and the ensuing savaging of demand on all fronts.

According to the National Australia Bank's fourth quarter 2008 business survey released Thursday, business confidence plunged to -31 index points, compared with -7 index points in the previous quarter.

Syd 00:30 GMT February 12, 2009 Reply   
DJ Australia Jan Unemployment Rate 4.8%; Consensus 4.7%
12 Feb 2009
Australia Jan Employment +1200; Consensus -16500

dc CB 00:30 GMT February 12, 2009 Reply   


go Timmy go

NYC JM 00:10 GMT February 12, 2009
1.2790-1.2945 or 1.2805-1.2955 (had trouble deciding)

It all depends on how stocks trade. Geithner testifies at 10:00 EST and the markets have turned skeptical about him. Hard to make tight ranges as they tend to overshoot.

Syd 00:02 GMT February 12, 2009 Reply   
Inflation expectations amongst Australian consumers dived to their lowest levels in over a decade in February as a never ending flow of negative economic news weighed on shopper's minds and the impact of the government's December fiscal stimulus package dried up.
Outlook for consumer inflation in Australia grows ever weaker as endless flow of negative economic news grinds shoppers down, pushing inflationary expectations to lowest level since 1998, shows Melbourne Institute survey; consumers expect prices to rise 2.3% over next 12 months, down from 2.7% in January. Crimping demand is slew of negative news and fading effect of government's A$10.4 billion "check is in the post" stimulus of December. Still nowhere near deflationary levels, but looks like disinflation is on cards for some time

Los Angeles jc 00:01 GMT February 12, 2009 Reply   

http://www.finra.org/Industry/Regulation/Notices/2009/P117744

Regulatory Notice 09-06

FINRA Requests Comment on Proposed Rule to Establish a Leverage Limitation for Retail Forex; Comment Period Expires: February 20, 2009

Send both your comments and positions to them (FINRA), then contact Congressmen/Senators to block this legislation.

PLease email pubcom@finra.org or call (301) 590-6500 to discuss your thoughts and comments. Please take the time to put your opinion forward on this potential legislation.