Halifax CB 15:35 GMT May 16, 2009
JP - I agree; there's been lots of stories about how online retail brokers (like e-trade) are booming. I expect to see the NYT next year as full of stories of folks who blew the remains of their buyouts/pensions/savings on the stock market as they are now of feckless people who were 'forced' into sub-prime...
Mtl JP 14:56 GMT May 16, 2009
I disagree that market is ignoring super $ printing. A good fundamental indicator (ya, one needs a little longer time horizon than a day trade and a deper pocket than a 30 pip stoploss) was highlighted by Bloomberg on April 24
Not everyone shares Bernanke visions of "green shoots". Some are thinking he is hallucinating: ".... While the Standard & Poorβs 500 Index climbed 28 percent from a 12-year low on March 9, CEOs, directors and senior officers at U.S. companies sold $353 million of equities this month, or 8.3 times more than they bought, data compiled by Washington Service, a Bethesda, Maryland-based research firm, show. ...."
GVI Forex Jay 11:24 GMT May 16, 2009
Weekend Help Forum discussion is on fundamentals. Take advantage of it and join in or ask a question.
HK RF@ 10:24 GMT May 16, 2009
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GENEVA DS 10:12 GMT May 16, 2009
I think you noticed too the Symmetric triangle on the CHF.
In longer term that can be a black hole for any one long on CHF.
GENEVA DS 10:12 GMT May 16, 2009
RF... no , you are probably right... nobody in the world is seeing a lower USD.... this will be fun... expect the unexpected.... even, we can be wrongfooted sometimes... euro could be dead !
HK RF@ 09:58 GMT May 16, 2009
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Maybe I am the only one in vertigo, but seems to me, it is allout for a vicious USD bull next week.
Seems the Mkt ignores fundamentals like super $ printing.
GENEVA DS 08:32 GMT May 16, 2009
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For guidance, as we do a lot of position taking out of weekly charts... here to follow up and eventually to add what our friend Gooner is doing....2 main points.... AUDUSD we need to see lower print that 6636 and USDCHF we need to see higher print than 11935... can take a while... but most of the time it is done in a matter of 6 to 9 weeks .... in AUDUSD it is already almost overdue.... lets wait and see and to all excellent trading...
Melbourne Qindex 07:51 GMT May 16, 2009
Sell AUD/USD
Entry: Target: Stop:
AUD/USD : Critical Support 0.7436
The market shows an early sign of weakness when it closed below the daily cycle reference at 0.7565 β 0.7601 β 0.7779 on last Friday in the New York session. It is likely that the market will challenge the supporting range of 0.7436 β 0.7457 on Monday and the odds are good that the market will shift lower to the next trading range of 0.7263 β 0.7351.
AUD/USD : Monthly Cycle Charts
http://www.qindex.com/aud.html
Melbourne Qindex 07:44 GMT May 16, 2009
Sell AUD/USD
Entry: Target: Stop:
AUD/USD: Critical Support 0.7436
The market shows an early sign of weakness when it closed below the daily cycle reference at 0.7565 β 0.7601 β 0.7779 on last Friday in the New York session. It is likely that the market will challenge the supporting range of 0.7436 β 0.7457 on Monday and the odds are good that the market will shift lower to the next trading range of 0.7263 β 0.7351.
AUD/USD : Monthly Cycle Charts
http://www.qindex.com/aud.html
Syd 06:18 GMT May 16, 2009
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Dominique Strauss-Kahn, managing director of the International Monetary Fund (IMF), warned the global downturn was not over and more financial shocks were likely.
LINK
German GDP numbers show that eurozone crisis has further to run
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