Forex Forum Archive for 05/19/2009

Lahore FM 23:53 GMT May 19, 2009
minus 4.0 q/q and annualised 15.2 percent minus .better than consensus.

GVI Forex Jay 23:47 GMT May 19, 2009 Reply   
DJ reports consensus for Japan 1Q09 GDP is -4.4% q/q, -16.5% annualized. Due out in 3 minutes. Market expects a lousy report.

Lahore FM 23:21 GMT May 19, 2009
IMM DATA: Spec accounts increased their net euro long position and flipped to a net yen long position thru May 12, according to data released Friday by the CFTC. The net position in non-commercial futures (ex-options) showed that specs increased their net euro long to +10,415 contracts from last week's net long of +3,368 contracts, the CFTC said in its Commitment of Traders report. In the yen, specs flipped to a net long position of +2,388 contracts, which compares to last week's net short of -6,518 contracts. This is the first speculative net yen long position since March 10.

Lahore FM 22:24 GMT May 19, 2009
Lahore FM 17:29 GMT May 19, 2009
Trade Ideas: Reply
Sell dow cash
Entry: 8527 Target: Stop: 8536

short again after getting stopped on remainder.
--
a third was outed for 50 points before close.let us see what kind of mileage we can get for a 9 point stop.

Lahore FM 22:11 GMT May 19, 2009
good luck BAY!!

USA BAY 22:00 GMT May 19, 2009
LAHORE FM,

HI FM, I am long usd/cad too, see you at 1.22xx. good luck

Lahore FM 21:52 GMT May 19, 2009
1.1538 long usdcad has stops at 1.1520 and target at 1.2230.

Lahore FM 21:48 GMT May 19, 2009
Sell audjpy
Entry: 74.24 Target: 72.00 Stop: 75.10

short in!

dc CB 21:35 GMT May 19, 2009 Reply   
What else is this "engineered and cheerlead" rally for. More new issues priced below the market. Tons from all over every day this month. Here's the latest, back for a secon helping of "private equity".

BAC Bank of America: CNBC discusses after-hours weakness, says a secondary offering priced at about $10 share (11.25 -0.48) -Update-

CNBC reports the total amount offered is not known, but they are hearing it is for approx 800 mln shares.

Lahore FM 21:32 GMT May 19, 2009
Sell gbpjpy
Entry: 148.54 Target: 143.50 Stop: per choice

shorted again.

Lahore FM 21:30 GMT May 19, 2009
05/18/2009 20:38:54 FM Lahore 33

gbpjpy
Entry: 147.81 Target: open Stop: 148.85 bid
short now
--
stopped for minus 104.too early to short in hidnsight!

Lahore FM 21:15 GMT May 19, 2009
Lahore FM 19:02 GMT May 19, 2009
Trade Ideas: Reply
Sell gbpusd
Entry: 1.5518 Target: open Stop: 1.5548 bid.

enetred short.earlier scalp remainder stopped for even.
--
1/3rd out 1.5478.

Lahore FM 21:05 GMT May 19, 2009
yes Kal totally agree!

--
a good jpy bear hug starting to tighten!

Syd 20:34 GMT May 19, 2009 Reply   
Don't believe the hype. Officials with the Brazilian delegation and People's Bank of China put the kibosh on talk that Brazil and China might avoid the use of dollars as a settlement currency for bilateral trade, and use reals and yuan instead. "No doubt the two countries would like to settle trade flows in their own currencies," said Marc Chandler of BBH. "But neither country is really prepared for this." He added: "China is working toward making its currency convertible, but it is not there yet...Even for the euro zone, not much more than half their exports are invoiced in euros."

AD skystar 20:33 GMT May 19, 2009 Reply   
Sell GBP/JPY
Entry: Target: Stop:

GBP/Yen shows sign of retracement to 147 area. gl/gt.

Mtl JP 20:28 GMT May 19, 2009 Reply   
U.S. Needs More Inflation to Speed Recovery, Say Mankiw, Rogoff - May 19 (Bloomberg)

What the U.S. economy may need is a dose of good old-fashioned inflation.

So say economists including Gregory Mankiw, former White House adviser, and Kenneth Rogoff, who was chief economist at the International Monetary Fund. They argue that a looser rein on inflation would make it easier for debt-strapped consumers and governments to meet their obligations. It might also help the economy by encouraging Americans to spend now rather than later when prices go up.

“I’m advocating 6 percent inflation for at least a couple of years,” says Rogoff, 56, who’s now a professor at Harvard University. “It would ameliorate the debt bomb and help us work through the deleveraging process.” ... .. ...

For the moment, the Fed’s focus is on preventing deflation -- a potentially debilitating drop in prices and wages that makes debts harder to repay and encourages the postponement of purchases. The Labor Department reported May 15 that consumer prices were unchanged in April from the previous month and were down 0.7 percent from a year earlier.

“We are currently being very aggressive because we are trying to avoid” deflation, Fed Chairman Ben S. Bernanke told an Atlanta Fed conference on May 11.
--
Deflation: a process of money recovering previously lost value.

Bernanke and his FED are anti-people. Pure and simple.

GVI Forex john 20:18 GMT May 19, 2009

Click for Complete Chart Points

Melbourne Qindex 20:12 GMT May 19, 2009
Sell AUD/USD
Entry: Target: Stop:

AUD/USD : Resistance at 0.7838


The odds are in favor of accumulating short positions from 0.7747 - 0.7838. Projected barriers are located at 0.7751 - 0.7754 - 0.7787 - 0.7817. As shown in the monthly cycle charts the medium term targeting point is 0.7482 and the long term targeting point is 0.7085.

GVI Forex john 20:06 GMT May 19, 2009

Click on Hyperlinks below for Updated Charts

Hillegom Purk 19:29 GMT May 19, 2009
Well Alicia, you where certainly not in Riga. Those where real women, and darn darn pretty ones. I guess....
Me keep on shorting and keep on gaining, i guess....

Riga Alicia 19:16 GMT May 19, 2009

Purky dear, make sure LAPPY will not not burnout from so much shorties.

Hillegom Purk 19:12 GMT May 19, 2009 Reply   
Adding, and trading around. Shorts. 63 is the target. It will get there of course, but when.
Cheerio.

London SFH 19:12 GMT May 19, 2009
I am with you on this Graz-stg has a tendancy to overshoot though...I am short against most currencies for a medium term view ..

gl/gt

GRAZ 19:07 GMT May 19, 2009 Reply   
target will not hit this round, going into full short GBP/USD position.


-----
Graz 09:25 GMT January 14, 2009
Buy GBP/USD
Entry: 1.3888-1.4388 Target: 1.5888-1.6388 Stop: 1.34xx


build position until 10/FEB/2009
-----

NYC wfakhoury 19:05 GMT May 19, 2009 Reply   
London SFH 18:51 GMT May 19, 2009
----Thks Stephen it is now between 13660-70

Netherlands Bob 19:03 GMT May 19, 2009 Reply   

Happy evening ... less then 30 hours ahead, TOPS and BOTTOMS will be set for the rest of this month, and some serious players claim also for the coming months ... caveat emptor ... happy trades :)

Lahore FM 19:02 GMT May 19, 2009
Sell gbpusd
Entry: 1.5518 Target: open Stop: 1.5548 bid.

enetred short.earlier scalp remainder stopped for even.

Cairo hesham 19:01 GMT May 19, 2009
I think so also

Lahore FM 19:00 GMT May 19, 2009
removed stops for half long euruad at 1.7500.entered additional long order at 1.7390.stops on fill.

Lahore FM 18:59 GMT May 19, 2009
audusd short 0.7698 stopped at 0.7775 for minus 77.0.7632 small short stopped at 0.7775 for minus 143.

Lahore FM 18:56 GMT May 19, 2009
usdcad long stopped from 1.1559 and 1.1655 for minus 21 and minus 25 with partial close at 1.1645 and stops 1.1538 and 1.1540.

--
re entered long 1.1538.stops shortly.

Jufair KaL 18:54 GMT May 19, 2009
fm
with me here...got cable south for a week...what do u say?
same with audusd and nzdusd..?? tia

London SFH 18:51 GMT May 19, 2009

good call on euro wkfakhoury-enjoy the big apple!

Jufair KaL 18:49 GMT May 19, 2009 Reply   
added one more long usdcad
next day we all should be happier imo
shorts on gbpusd 1.5520 (my last one awaits)

Cairo hesham 18:48 GMT May 19, 2009
Thank u so much

NYC wfakhoury 18:47 GMT May 19, 2009 Reply   
Cairo hesham 18:42 GMT May 19, 2009
-------
heading twd 15550-60 starting from 15490 ....buy again if decline at 15450 exit both at 15490.

Cairo hesham 18:42 GMT May 19, 2009
To Wfakhoury: what is ur opinion about the GBP/USD?

NYC wfakhoury 18:12 GMT May 19, 2009 Reply   
Houston HH 18:06 GMT May 19, 2009
--------
It started from 13605 and still rising , if decline buy again at 13550 exit both around 13605.

Lahore FM 18:07 GMT May 19, 2009
Lahore FM 17:29 GMT May 19, 2009
Trade Ideas: Reply
Sell dow cash
Entry: 8527 Target: Stop: 8536

short again after getting stopped on remainder.
--
no plan to cover risk this once.if anyone followed now is the time.

jpy and usd will make em crumble.

Houston HH 18:06 GMT May 19, 2009
Of course it is... Eventually. Do you have a time frame for this to happen?

NEW YORK wfakhoury 17:52 GMT May 19, 2009 Reply   
eur.usd is heading twd 13660-70

Tokyo Tommy 17:46 GMT May 19, 2009 Reply   
Sell USD/JPY
Entry: 96.05 Target: 95.80 Stop: 95.20

waiting to break 96.00

Lahore FM 17:29 GMT May 19, 2009
Sell dow cash
Entry: 8527 Target: Stop: 8536

short again after getting stopped on remainder.

Lahore FM 16:55 GMT May 19, 2009
correction*
entry 8534*,one point below stop at 8535.

Lahore FM 16:52 GMT May 19, 2009
covered half of dow cash short 8523 at 8507,stops stay.high after entry 8535,one point below stop.

Hillegom Purk 16:51 GMT May 19, 2009
Stop was taken. No mercy for the second.

Lahore FM 16:41 GMT May 19, 2009
risk covered on gbpusd short 1.5472 half out.

Mtl JP 16:17 GMT May 19, 2009
john // re US- Weekly Mortgage Stats- important- early indicator of housing activity.

more like a mother of a "substantial risk to the financial system" if not "systemic risks" as Senate Moves to Loan FDIC $500 Billion

Hillegom Purk 16:07 GMT May 19, 2009
First session is closed half at 154883. De rest (1) is already on b/e.

GVI Forex john 16:02 GMT May 19, 2009
Data Preview…
WEDNESDAY:
Far East/Europe:
JA- GDP (p.a.)- important- most important growth measure. Seen very weak.
North America:
US- Weekly Mortgage Stats- important- early indicator of housing activity.
US- Weekly Energy Inventories- important- strong s-t influence on energy prices.
CA- CPI- very important- BOC targets inflation. Key measures within target.

Mtl JP 16:00 GMT May 19, 2009
where do u draw that from Mel ?

Murray's blather strikes me like a "nothing here, we are in control, move on folks" type of yak.

Lahore FM 15:47 GMT May 19, 2009
Sell dow cash
Entry: 8523 Target: Stop: 8535

short now.

Mtl JP 15:45 GMT May 19, 2009 Reply   
15:45 BoC deputy Murray talks.

lugano fc 15:38 GMT May 19, 2009 Reply   
Buy eurchf
Entry: 1.5135 Target: 1.58 Stop: 1.4940

was also in jpy longs.....closed on the dip b4....tommorrow data from jp...better stay out of the jpy crosses

i just longed eurchf...will add all the way down 5130/10/5080/5060/5040/5030/5010.......
this is only thing to do in my opinion to take the money home
:-)

nice trade to all

Hillegom Purk 15:37 GMT May 19, 2009 Reply   
Sell gbp/usd
Entry: mul Target: 15400 Stop: 15650

1-12 thingy. 15508 in. Will add every mmm.ffff rally there is. No comments on the stops please.

Lahore FM 15:02 GMT May 19, 2009
stops entered on aud shorts cumulatively at 0.7775 bid.

Lahore FM 14:55 GMT May 19, 2009
Sell gbpusd
Entry: 1.5493 Target: Stop: 1.5515 bid

sold.

NYC JT 14:55 GMT May 19, 2009
Thank you for the reply- good luck ..

Lahore FM 14:53 GMT May 19, 2009
JT,yes still running though it does look sorry right now.jpy has just begun doing its favourite ,the aqueezing.the way lower would be shorter and swifter.

NYC JT 14:50 GMT May 19, 2009 Reply   
Lahore FM , What happened to yor short in cable at 1.5133 Tar. Later Stop Later are you still running that ??

Lahore FM 14:36 GMT May 19, 2009
Buy usdcad
Entry: 1.1559 Target: open Stop: 1.1538

entered small.

Lahore FM 14:18 GMT May 19, 2009
usdcad looks like a good buy around current 1.1575 area for 1.1700.

London SFH 13:51 GMT May 19, 2009 Reply   

Just added both to existing shorts at 927(gold) and 908(s&ps) respectively..needless to say looking for a major sell off on both..

gl/gt

London SFH 13:43 GMT May 19, 2009 Reply   


Just sold euro/yen @ 130.75 and added to stg/yen short at 148.80 looking for return to last fridays levels in next few sessions..

Jufair KaL 13:12 GMT May 19, 2009
eurusd volititlty for today
the highest of the week
is wed at us open hr 9
so now will get volititle
cool off at 10th hr
then increase

AVG variation is 100%
NY_hr Relative voli
6 134.64%
7 76.12%
8 138.74%
9 185.55%
10 98.77%
11 140.54%
12 106.06%

Melbourne Qindex 13:04 GMT May 19, 2009
Sell USD/JPY
Entry: Target: Stop:

USD/JPY : Resistance at 97.30


The odds are in favor of maintaining a short position. The medium term targeting point is 92.01. Short term barriers are 93.72 - 94.29 - 94.41.

London Gooner 13:01 GMT May 19, 2009
London Gooner 20:07 GMT April 24, 2009
AUDUSD 6953 need lower prints
-------------------------------------------------
I think it is workable from here all the way to 7950 to
establish short positions.

London Gooner 12:54 GMT May 19, 2009
London Gooner 11:00 GMT May 19, 2009
GBPUSD 1.5445 needs lower print
-------------------------------------------------
Resolved on Cable.
NZDUSD 5883 and 5723 need lower prints.

GVI Forex john 12:40 GMT May 19, 2009


Housing starts and permits are annualized. Thus for an economy/population as large as the U.S., these results are close to zero. Chart attached.

Melbourne Qindex 12:35 GMT May 19, 2009
Sell EUR/USD
Entry: Target: Stop:

EUR/USD : Resistance at 1.3826


Sell on rallies is the preferred trading strategy unless the market is able to close above 1.3826 in the New York session. The short term targeting point is 1.2981.

London Gooner 12:31 GMT May 19, 2009
Hi Carl - Very well thanks.
Very hard to say if we're topping just now, so the stop is on each risk management really. So I approach it this way. I do not want to buy stocks now and will be conservative to take the very evident shorts trades working towards 8097.
That impacts my analysis on JPY crosses for my trading.
I use 15mins, 1H, 4H, D,W,M charts. The feed is more important than timeframes though.

Melbourne Qindex 12:29 GMT May 19, 2009
Sell EUR/USD
Entry: Target: Stop:

EUR/USD : Resistance at 1.3826


Sell on rallies is the preferred trading strategy unless the market is able to close above 1.3826 in the New York session.

London Carl 12:24 GMT May 19, 2009 Reply   
Gooner - how are you? Excellent work on the price anomolies.
Question on the DOW short - where would be the stop to indicate the anomoly would be wrong? Also is it 4hr chart you use for the anomolies?

London Gooner 12:10 GMT May 19, 2009
DJIA 8097 needing lower print.

GVI Forex john 12:10 GMT May 19, 2009


Earlier. UK CPI data

London Gooner 11:58 GMT May 19, 2009
London Gooner 11:04 GMT May 19, 2009
EURJPY 130.98 need print lower.
------------------------------------------------
This now done and resolved. Next anomaly is print
lower than 126.95 needed

GVI Forex john 11:57 GMT May 19, 2009
Survey Results
This is a sentiment survey, so the more who participate the better! Thanks to all!

Participation was lackluster today. The bias about evenly split for €/$ from current levels. Yesterday the bias was for weakness and the markets moved the other way. As usual, it probably all depends on how shares perform. Today sees some closely followed U.S. housing data on the open.

Lows cluster: 1.3540-1.3560
Highs cluster: 1.3700-1.3748

high	low	close	spread		high	low
1.3745	1.3490	1.3550	0.0255		1.3660	1.3490
1.3700	1.3540	1.3580	0.0160		1.3675	1.3540
1.3675	1.3545	1.3585	0.0130		1.3680	1.3540
1.3685	1.3550	1.3590	0.0135		1.3685	1.3545
1.3685	1.3555	1.3600	0.0130		1.3685	1.3550
1.3680	1.3560	1.3600	0.0120		1.3700	1.3555
1.3715	1.3540	1.3610	0.0175		1.3710	1.3560
 CURRENT SPOT = 1.3615
1.3710	1.3580	1.3620	0.0130		1.3710	1.3560
1.3660	1.3580	1.3625	0.0080		1.3715	1.3578
1.3710	1.3560	1.3640	0.0150		1.3735	1.3580
1.3735	1.3580	1.3680	0.0155		1.3745	1.3580
1.3748	1.3578	1.3708	0.0170		1.3748	1.3580
 AVERAGES >>>
1.3778	1.3610	1.3725	0.0168		1.3778	1.3610

nyc 11:54 GMT May 19, 2009
1.3675-1.3545-1.3585

Amsterdam Purk 11:48 GMT May 19, 2009 Reply   
And off course everybody took longs around the 95 handle or?
We did not see 102-105 yet, so that is still open.

aud/usd: overshoot began at 75-76 area. Lets see if we can get more overshoot. Me begin shorting already smally smally. Trading around for the daily pleasure is the word. Some little voice says 63 will be see again. But well who am i...

e/u : this 13755 thingy from a while back looks like some kind of wobbly bobbly.

Have fun.

Melbourne Qindex 11:42 GMT May 19, 2009
Sell EUR/JPY
Entry: Target: Stop:

EUR/JPY : Heading Towards 127.53


The odds are in favor of taking a short position when the market is trading below the resistant range at 130.84 - 131.51. The short term targeting point is 127.53.

Houston et 11:37 GMT May 19, 2009
1.3680 - 1.3560 - 1.3600

Chicago SC 11:36 GMT May 19, 2009
1.3778-1.3610 1.3725

Livingston nh 11:30 GMT May 19, 2009
1.3710 - 1.3580 - 1.3620 // held first test of 200 dma

houston st 11:29 GMT May 19, 2009
1.3715 - 1.3540 - 1.3610

EU THE EURO QUEEN 11:16 GMT May 19, 2009
H:1,3748
L:1,3578
c:1,3708

Wall Street 11:13 GMT May 19, 2009
1.3685-1..3550
1.3590

London GB 11:11 GMT May 19, 2009
1,3710-1.3560-1.3640

London c 11:10 GMT May 19, 2009
1.3700-1.3540-1.3580

London Gooner 11:04 GMT May 19, 2009
EURJPY 130.98 need print lower

London Gooner 11:00 GMT May 19, 2009
GBPUSD 1.5445 needs lower print

Welcome Geneva DS & Santorini Alexis

Munich peter 10:57 GMT May 19, 2009
1.3660 - 1.3580 - 1.3625 but if housing numbers make the markets continue their rise, we might easily go towards 1.3740

GVI Forex john 10:54 GMT May 19, 2009
1.3735-1.3580 1.3680

NYC JM 10:53 GMT May 19, 2009
1.3685-1.3555-1.3600

Alot depends on stocks and how market reacts to housing starts data if it comes in better as per market consensus.

GENEVA DS 10:51 GMT May 19, 2009

Entry: H13745 Target: L13490 Stop: C13550

Cross focussed , but probably eur-usd will not be the leader...

GVI Forex Jay 10:48 GMT May 19, 2009 Reply   

Entry: Daily EUR/USD Poll Target: Stop:


Post your forecast for the EUR/USD range for the NY session start until today’s close and a line for your rationale.

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

Please post you forecast in the following format:

High-low-close

Note poll closes at 12:00 GMT. This daily poll works best when you participate!

GENEVA DS 10:44 GMT May 19, 2009 Reply   
Tks Gooner for your incredible work on Price-anomalies... It really helps me sometimes big time.... continue to do your wonderful work ! We need more of such people ... GREAT !

Santorini Alexis 10:36 GMT May 19, 2009
thanks

Richmond Dennis 10:34 GMT May 19, 2009
1.7502

Santorini Alexis 10:26 GMT May 19, 2009 Reply   
Can you please tell me what do you have as May 7 low in euraud? Thanks.

Santorini Alexis 10:06 GMT May 19, 2009
Thank you Jay

GVI Forex Jay 10:04 GMT May 19, 2009
Alexis. Go to the Help Forum, click on Archives and put in Gooner. Last Gooner post explains anomalies.

Santorini Alexis 09:53 GMT May 19, 2009
You are amazing Gooner! I would be glad If I could know how the "anomalies" thing works.

All the best!

London SFH 09:52 GMT May 19, 2009


Good call-I hope that we go down from here Gooner...

London Gooner 09:48 GMT May 19, 2009
London Gooner 18:56 GMT May 15, 2009
GBP/USD: Reply
London Gooner 12:15 GMT May 5, 2009
DJIA 8238 should be revisited
---------------------------------------------------------------
Now the DJIA 8238 is resolved we have 8396 needing print higher and gap 8550.
----------------------------------------------------------------
Now 8550 resolved. Amazing how both anomalies acted as magnets and how the market fetched each side.

Jerusalem ML 09:47 GMT May 19, 2009 Reply   
gold
Entry: Target: Stop:

Thanks mate
934 was high looking for sub 900 by june.
then rebound.

London SFH 09:46 GMT May 19, 2009
M
Good luck with that-I am short from yesterday and looking for 910 ish today...you made a very good timely call yesterday


gl/gt

Jerusalem ML 09:44 GMT May 19, 2009 Reply   
Gold
Entry: Target: Stop:

shorting Gold for 900 in the next 48 hrs

GL

GVI Forex john 09:38 GMT May 19, 2009

Click on Hyperlinks below for Updated Charts

Gen dk 09:15 GMT May 19, 2009 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Jufair KaL 09:08 GMT May 19, 2009
shorts eurusd 1.3630
will add 1.3692
and 1.3737

empoli ab 09:07 GMT May 19, 2009 Reply   
German May Zew economic sentiment index 31.1 vs 20.0 cons, 13.0

Netherlands Bob 08:46 GMT May 19, 2009 Reply   

Lula Seeks to Revive China Pledge With China Trip

Q: will China and Brazil do their bilateral trading using their own currencies only?

A: ?????

Gen dk 08:45 GMT May 19, 2009 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

London Gooner 08:12 GMT May 19, 2009
usa bay 01:30 GMT May 19, 2009
USDCAD 1.1500 to 1.1700 possible range. But I prefer staying out of it for let the last 24 hours moves settle a bit.

Melbourne Qindex 07:26 GMT May 19, 2009
Sell GBP/JPY
Entry: Target: Stop:

GBP/JPY : The market is now working on the barrier of the daily cycle reference at 147.81 // 150.21. The market rhythm is represented by 2.4 (145.41 - 7.81 = 2.4) . I would assume that major market makers are making the move in the last 48 hours whenever the movement of the pair can be described by the reference cycle.


143.02 - 145.41 - 147.81* // 150.21 -

Jerusalem ML 07:10 GMT May 19, 2009 Reply   
All
Entry: Target: Stop:

Hi All

Been tricky 24 hours on forex market. Looks like $ is vulnerable still , so my only bet stays with GOLD.
Gold sell above 922 , for 910 later today or tomorr

Dollar in my view should recover later this week.

GL

Lahore FM 06:57 GMT May 19, 2009
lot of good advice coming forth from friends.it is a hands on trade and i do have a stop in mind too.nothing more than a 100 pips.it is not often that i would not emntion the stops.in this thread i contribute to i have in bold print stated that stops be used to reader's own choice and tolerance.

Jufair KaL 06:56 GMT May 19, 2009
gbpusd
gbpjpy
nzdusd
are the sells with me here for now

Netherlands Bob 06:54 GMT May 19, 2009 Reply   

happy morning ... the gentleman in kong fu shoes is dead serious about AUD/USD going to 0.8000 region ... history is great indicator for the future ... therefore, I will not short AUD/USD before 0.79xx prints (or clear reversal signal) as any trade must consider also bailout levels and not only stops in case something goes wrong ... realizing the difference between trading and forecasting is a major step for profitable survival in this business ... I talk everything but scalps in this post ... happy trades :)

Lahore FM 06:50 GMT May 19, 2009
Sell audusd
Entry: 0.7698 Target: open Stop: later

shorted.in difficulty lies the opportunity.

Lahore FM 06:41 GMT May 19, 2009
RF,perhaps aussie will goto 0.80 and higher.i have no influence on markets.just finiding my way around here.happy trades!

HK RF@ 06:39 GMT May 19, 2009
I suspect you will be stopped(wish you not), but the way the Aussie is trading now, it is going to 0.78 where it will find some Res.

Eventually Aussie is going to 80.xx

Lahore FM 06:39 GMT May 19, 2009
Lahore FM 20:38 GMT May 18, 2009
Trade Ideas: Reply
gbpjpy
Entry: 147.81 Target: open Stop: 148.85 bid

short now
--
stopped and reshorted same price.

stopped for minus 104.

Jufair KaL 06:39 GMT May 19, 2009 Reply   
EURUSD Sell 1.3595 1.2951
GBPUSD Sell 1.5396 1.4568
AUDUSD Sell 0.7723 0.6997
USDCAD Buy 1.2304 1.1582

Lahore FM 06:36 GMT May 19, 2009
Sell gbpusd
Entry: 1.5383 Target: open Stop: 1.5480

shorted again after a long standing half short from 1.5330 was stopped out for minus 10 pips.

Lahore FM 06:33 GMT May 19, 2009
raised audusd stops to 0.7710.

Lahore FM 06:22 GMT May 19, 2009
Alex,yes 70 is a tentative target on audusd.i am currently short.

Syd 04:44 GMT May 19, 2009 Reply   
KOBE, Japan (AFP)--Japan reported 173 swine flu infections Tuesday and closed more than 4,000 schools, colleges and kindergartens for the rest of the week to slow the spread of the virus, officials said.

Experts warned that infections had probably already spread to other regions including the capital Tokyo, which with almost 36 million people is the world's most populous urban area and the heart of the Japanese economy.

Melbourne Qindex 04:04 GMT May 19, 2009
Sell Gold
Entry: Target: Stop:

Gold : The market is under pressure when it is rejected again around 935. Speculative selling pressure will increase when the market is trading below the upper limits of the daily cycle reference.

Melbourne Qindex 03:19 GMT May 19, 2009
Sell GBP/JPY
Entry: Target: Stop:

GBP/JPY : The directional indicator hsos that the market is range bound between 141.43 - 151.43. Speculative selling pressure will increase when the market is rejected from the resistant range at 147.81 // 148.55.

HK RF@ 02:58 GMT May 19, 2009 Reply   
USD strength will be needed in order to prevent USD/CHF from falling below it's Prev. low around 1.1, which will cause a further revaluation to around 0.91.
Nightmare for SNB.

Syd 01:58 GMT May 19, 2009 Reply   
RBA sounding more optimistic, but still wary of whether current signs of stabilization sustainable or not, meaning they remain poised to cut further if needed, says UBS Economist George Tharenou. Notes growth not expected to be above trend until 2011. "This suggests to us they still have a bias to ease, but are on hold at the moment. However, we would expect to see a rising unemployment rate to see them cut further to underpin confidence. That said, we continue to see upside risk to our 2% terminal cash rate target for later this year."

Syd 01:41 GMT May 19, 2009 Reply   
RBA: Monitoring Strength, Durability Of Econ Improvement
RBA: Tentative Signs Of Improvement In Global, Domestic Econ
RBA: Board Faced Question Of Whether Or Not To Ease Further
RBA Minutes:Board Judged Best Course Was To Keep Rates Steady
RBA: Too Early To Be Confident Of Sustained Global Recovery
RBA: Expect High Unemployment, Weak GDP, Low CPI Yr Ahead
RBA: Australia To Perform Better Than Most Advanced Econ
Reserve Bank leaves door open for interest rate cuts
http://www.theaustralian.news.com.au/business/story/0,28124,25505483-5018001,00.html

usa bay 01:30 GMT May 19, 2009
LONDON GOONER,

Your price anomaly for usd/cad seems solved, so what now for the pair. tia

London Gooner 00:21 GMT May 19, 2009
Reminder of GBPCAD needing lower print than 1.7547.
Also not an anomaly but 142.00/50 and may be lower on gbpjpy has some good merit. Some issues are surfacing in the GBP world in my view, which might make Cable very difficult to trade. GBPCHF should go higher so a mixed bag
looking forward imo.

London Gooner 00:09 GMT May 19, 2009
London Gooner 18:56 GMT May 15, 2009
Now the DJIA 8238 is resolved we have 8396 needing print higher and gap 8550.
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8396 got solved and 8550 very near. I personally did not think 1 session was enough so missed the boat on that.
But for Yen crosses shorters keep in mind the 8550 for levels.
Might not yet be productive today to short unless short term job. Looks 2nd half of the week to me.