Forex Futures Forum Archive for 04/19/2007

hk ab 23:36 GMT April 19, 2007 Reply   
KL//that means you are still shorting the gold from 691....

Syd 23:22 GMT April 19, 2007 Reply   
Asia stocks rattled by fears of China rate hike

LINK

hk ab 22:54 GMT April 19, 2007 Reply   
gold, silver can't follow euro strength.... be careful.

Syd 21:53 GMT April 19, 2007 Reply   
Shanghai -- CHINA'S LATEST export: financial-market jitters.
AWSJ
For the second time in less than two months, a drop in Chinese stock prices rattled markets across Asia and was felt modestly in Europe and the U.S. Investors said Chinese stocks are becoming a measure of their tolerance for risk everywhere.

nalysts said they view the Shanghai stock market as a yardstick of wealth in the Chinese middle class, as well as a proxy for China's economic performance, which some doubt is fully captured by official government statistics. "We're all looking at the [Shanghai] stock market. It is genuinely the only financial indicator we can get out of China today," said Ben Simpfendorfer, an economist at Royal Bank of Scotland in Hong Kong.

More broadly, China's stock markets are seen by some as an indicator of how long rallies in equities elsewhere can continue.

"It's quite astonishing," said John Vail, chief global strategist at Nikko AM, an asset-management firm in Tokyo. "The Chinese perception of risk is having some influence on investor sentiment elsewhere."

Still, China's markets are unusual barometers. The limits on foreign investors and the fact that China's citizens have limited access to markets overseas are two factors that make it difficult to compare performance in Chinese financial markets with those elsewhere. No one doubts a significant economic hiccup in China would ripple through much of the global economy. But at this stage, the effect China's markets are having internationally appears outsized, some analysts said.

For instance, the Shanghai market Thursday helped set the tone for trading in the Japanese yen -- unusual given that the volume of trading between the yen and U.S. dollar is estimated at more than eight times the $38 billion in stocks that changed hands Thursday on the Shanghai market and its smaller sister market in Shenzhen. The dollar fell about one yen in Tokyo trading to finish at 118 yen.

In stock trading around the region, Japan's Nikkei Stock Average of 225 companies had its worst session in a month, falling 1.7% to 17371.97. Hong Kong's Hang Seng Index closed down 2.3% to 20299.71. Singapore's Straits Times Index lost 3.2% to finish at 3291.28.

Elsewhere, the pan-European Dow Jones Stoxx 600 Index shed 0.4%, and London's FTSE 100 Index edged down 0.1%. Stock prices in New York were nearly flat early Thursday afternoon.

Some analysts said the inflation and investment data China released Thursday could mean the stock market's bull run over the past year, thanks to individual investors and big funds, raises the likelihood of more interest-rate increases. At Thursday's close of 3449.02, the Shanghai Composite Index is up 29% this year and 241% above the eight-year low it touched less than two years ago.

China also has faced calls to cool its economy by allowing additional volatility in another financial market: the currency. The dollar ended at between 7.7163 yuan and 7.7165 yuan Thursday, compared with a range of 7.7216 yuan to 7.7217 yuan a day earlier. As investors pay attention to the Shanghai market, RBS's Mr. Simpfendorfer said it is important to keep in mind that "it's fluctuating in China magnitudes."

Syd 20:31 GMT April 19, 2007 Reply   
Scary Carry


There are signs that following February's shake-out, many currency investors have backed away from or reduced the amounts of their carry trade bets, leaving mostly just the real risk-takers.

Evidence of this comes from IMM speculative positioning data from the Chicago Mercantile Exchange. It shows that while long positions for popular destination currencies in carry trades such as the Australian dollar continue to rise, short-yen positioning is not keeping pace. Short-yen positions haven't gone back to where they were before the February.
Meantime, as the indefatigable carry trade investors carry on with trepidation and readiness to unwind, they risk biting the hand that feeds them, as their penchant to quickly buy and sell may stir up the one thing carry traders hate as much as a strong yen: volatility

KL KL 19:12 GMT April 19, 2007 Reply   
ha ha ha ha


look at the DOW....telling China - Shanghai index I am the Boss until you drop another 9-10% in one day....4-5% is like mosquito bite. No fear in the western world at the moment.....perhaps building up for a sell in may and go away!!!

KL KL 19:00 GMT April 19, 2007 Reply   
seek ab........."Pak kum....pak kum"

all a probability game. the way stocks and index are behaving...those who did not cover yesterday HSI short will be scrambling to buy on Asia open. So ninja may join the crowd and buy at open for quick scalp.

As for gold ,,lots of hedgies ninja testing 680 support....may crack under relentless attack.....bear in mind Friday lots of US option expiry in crude, stocks....etc. I am sure lots of buyer lined up from 668-678.....whatever the mood of the day it really depends on the chart and sentiments of the day.....still its ninja style trading for me and make no mistake or fancy long term Crap....imho...LOL..


btw if ninja reads candle correctly that gold daily is a break down imho but in up trend.....either buy or sell with stop loss..LOL....gl gt...

hk ab 18:01 GMT April 19, 2007 Reply   
GD// thanks time for bed, study again tomorrow.

Vienna GD 17:32 GMT April 19, 2007 Reply   
hk ab 17:29 ... which code?

GDX is ETF
$HUI = index

some majors: FCX, GG, NEM, GSS, NAK, AUY, SA, SLW, SSRI, PAAS, HL, AU, GFI, ...

hk ab 17:29 GMT April 19, 2007 Reply   
GD, may I ask you the code of the US G & S stocks? TIA.

hk ab 17:07 GMT April 19, 2007 Reply   
GD, the spot and stocks are in good tandem then, imvho.

HK and China G&S stocks may serve as very good early indicators then.

Vienna GD 17:03 GMT April 19, 2007 Reply   
G&S stocks slightly pulling of the lows ... but not really convincing yet ... could be because of the broads.

hk ab 17:01 GMT April 19, 2007 Reply   
G&S must find back their Russian fans to support both pairs... where are all teh MIB.....slept?need to breakupside for the hrly chart.

hong kong seek 16:43 GMT April 19, 2007 Reply   
hk ab 16:39 GMT April 19, 2007
KL is so super today....

KL is our ninja master ..

hk ab 16:39 GMT April 19, 2007 Reply   
KL is so super today....

now big forces on both sides, 681, 684.....
yen yen yen.....

hong kong seek 16:34 GMT April 19, 2007 Reply   
AB--just swatched off monitor ..and cell phone range...

Vienna GD 16:34 GMT April 19, 2007 Reply   
hk ab 16:25 GMT April 19, 2007
GD//any change for G & S stocks?

No they are still near the lows.

hong kong seek 16:33 GMT April 19, 2007 Reply   
order hit ..broker called...

hk ab 16:25 GMT April 19, 2007 Reply   
GD//any change for G & S stocks?

hk ab 16:22 GMT April 19, 2007 Reply   
nt, do you think switching off the monitor still works?

hk ab 16:12 GMT April 19, 2007 Reply   
caught that yet?

hong kong seek 16:04 GMT April 19, 2007 Reply   
AB--ninja seek believesd gold met the low already ....limit buy at 681.5 with stop at the low ...till tmr Asian market opens

hk ab 16:03 GMT April 19, 2007 Reply   
lets' see if MIB want to do some work today.

I just simply exit and watch!

hong kong seek 16:02 GMT April 19, 2007 Reply   
GD--ths again..

Vienna GD 15:59 GMT April 19, 2007 Reply   
hk ab 15:48 GMT April 19, 2007
GD//could that be telling a m/t turn as well? 650?

No i don't think so ... the worst we should see is 665-670, but i don't expect that. Most likely in the range 675-680 everything will be bot - if seen. But i could be wrong of course.

I'm back in with appr. 30% of my st equity.

hk ab 15:52 GMT April 19, 2007 Reply   
thanks DUblin

Dublin 15:49 GMT April 19, 2007 Reply   
AB - Correction, I do show XAG at 13.55 around 9:45 Eastern US time - sorry.

hk ab 15:48 GMT April 19, 2007 Reply   
GD//could that be telling a m/t turn as well? 650?

Vienna GD 15:44 GMT April 19, 2007 Reply   
hong kong seek 15:38 ... G&S stocks didn't recover so far ... seems it ain't over until now.
There are rumors of a remarkable good philly fed. Eventually that will give the dollar a push north ... and another buying opportunity for metal folks.

Also some G&S stocks look like they want a bit lower still.

hong kong seek 15:38 GMT April 19, 2007 Reply   
GD--pls share your view on g&s stock..we 're all waiting ...million ths

hk ab 15:33 GMT April 19, 2007 Reply   
GN, I Think today actions are over.

hk ab 15:28 GMT April 19, 2007 Reply   
ok, then I also take aaway some taxi money.

hong kong seek 15:27 GMT April 19, 2007 Reply   
hong kong 14:47 GMT April 19, 2007
get some 740 call at $4 (expiry May, 31)

i always buy more expensive calls ...

hong kong seek 15:24 GMT April 19, 2007 Reply   
hk ab 15:17 GMT April 19, 2007
seek, is your gold long from 680.5 s/t or m/t?

s/t , took profit already with $3 , quite enough to take a taxi tmr , im willing to have another free lunch if 680 seen later today..LOL..

Vienna GD 15:18 GMT April 19, 2007 Reply   
i think this is again 1999 ... the start of another bubble mania ... dow to 15000 or something like that.

Negative news are more or less - ignored. Every dip is a buying opportunity. Nobody feels any pain. Doesn't matter if aud and nzd and gbp are near record highs, or dollar just falling over the cliff. Or china will hike because of runaway inflation. The sun is shining where you look.

Just go with the flow. Which is up and up and up ... any dips are to be bot ... until all those lies and the bubble starts bursting!

hk ab 15:17 GMT April 19, 2007 Reply   
seek, is your gold long from 680.5 s/t or m/t?

hk ab 15:16 GMT April 19, 2007 Reply   
seek, if yen crosses don't do anything silly, gbp sub 2.00 is what I liked too.

hong kong seek 15:14 GMT April 19, 2007 Reply   
AB--still holding GBP long .....only want to forget this pair and remember it when 2.0500 reaches...

Vienna GD 15:05 GMT April 19, 2007 Reply   
Btu there are some other conflicting constellations.

I still stick with it: any dips are to be bot!

Vienna GD 15:04 GMT April 19, 2007 Reply   
saturn retrograde ... ends today ... forget about it.

Vienna GD 15:04 GMT April 19, 2007 Reply   
Already bot back here a bit and there a bit ...

Vienna GD 15:03 GMT April 19, 2007 Reply   
From forex board ... gold/dollar related ... thx Perrie!

With the Dow Jones Industrial Average reaching what is being called a record high, there's no better time for Mike Maloney's wonderfully illustrated analysis, "The Dow Is Crashing." Maloney shows how the Dow's rise is an illusion caused by the decline of the U.S. dollar. You can find Maloney's analysis at his Internet site, GoldSilver.com, here:

http://goldsilver.com/the_dow_is_crashing.php

hk ab 15:02 GMT April 19, 2007 Reply   
KL, do you have a target in mind apart from the $4 trail?

hk ab 15:00 GMT April 19, 2007 Reply   
dlr/jpy tickle the metals...

hk ab 14:49 GMT April 19, 2007 Reply   
nt, chance to load core gold again later.... more gift from heaven to come......

hk ab 14:48 GMT April 19, 2007 Reply   
yup for gold. DUblin.

Dublin 14:48 GMT April 19, 2007 Reply   
AB - I'm not showing that dip in AG. Must be a glitch I think. Are you showing 672-674 for 20 DMA. TIA

hong kong 14:47 GMT April 19, 2007 Reply   
get some 740 call at $4 (expiry May, 31)

hk ab 14:44 GMT April 19, 2007 Reply   
can someone tell me if XAG truly made that superdive at around 0630 this morning? to 13.50?

hk ab 14:29 GMT April 19, 2007 Reply   
seek, my last line is 20 dma......

hk ab 14:28 GMT April 19, 2007 Reply   
seek, I am waiting for XAG.....

hong kong seek 14:26 GMT April 19, 2007 Reply   
AB--im waiting another dip to buy near 680

hong kong seek 14:25 GMT April 19, 2007 Reply   
out of gold at 683.5

hk ab 14:23 GMT April 19, 2007 Reply   
seek, I also got some gift from heaven at 680.5

hk ab 14:12 GMT April 19, 2007 Reply   
seek, open the gold day chart and add 10 and 20 dma will give you a nice pic. as usual, seatbelt is needed......

hong kong seek 13:59 GMT April 19, 2007 Reply   
NT--i will be very very surprised if 670 seen this round....

hong kong seek 13:54 GMT April 19, 2007 Reply   
small buy at 680.5

Syd 12:56 GMT April 19, 2007 Reply   
U.S. stock-market futures dropped Thursday, mirroring declines in Asia and Europe, amid concern that China will raise interest rates, prompted by data showing that economic growth and inflation were above expectation.

LDN 12:03 GMT April 19, 2007 Reply   
good buy=good bye..

LDN 11:53 GMT April 19, 2007 Reply   
Good buy to all the gold bugs from current levels...gold turning to fools gold from cuttent levels..CAUTION...

UK Alex 11:26 GMT April 19, 2007 Reply   
Vienna GD 11:03 GMT// My mistake, no matter. Worth taking a look at though. Saw a big one on 2/26/2007.

Vienna GD 11:03 GMT April 19, 2007 Reply   
UK Alex 10:43 GMT April 19, 2007
Alex, sorry - unfortunately i don't follow permanent open market operations. Also no trading of bonds, options, futures. Unfortunately. Would be glad, if somebody would teach me that one day.

Back later in the day. Important day today - anyway!

UK Alex 10:43 GMT April 19, 2007 Reply   
GD, Any view on yesterday's coupon pass ahead of today's Treasury auction?

http://www.newyorkfed.org/markets/pomo/display/index.cfm?showmore=1

Vienna GD 10:40 GMT April 19, 2007 Reply   
hong kong 10:31 ... current phase is supportive yes ... obviciously! Startet tuesday - lasting for two weeks.
Yet saturn is a strong "underlying" force ... so anything is possible here.

Studies: no, but saturn stands for metals, oil, commodites, earth ... retrograde, as i interprete it, means a sort of inner rest, meditation, review, a pause in development.

When back home i'll check the other planets ... i detected years earlier that if there are several planets retrograde that pretty often led to (stock) market selloffs. Relationship to other planets more important than the planet itself.

hong kong 10:38 GMT April 19, 2007 Reply   
AB -- 680/710 range with upside bias may still work fine for rest of April..

hong kong 10:31 GMT April 19, 2007 Reply   
VIENNA GD -- how about current effect of new moon? is the impact bullish?

hong kong 10:30 GMT April 19, 2007 Reply   
Vienna GD 10:08 GMT April 19, 2007

do you have any studies on the relationship between saturn retrograde and gold price? thanks

Vienna GD 10:08 GMT April 19, 2007 Reply   
Makassar Alimin 09:25 GMT April 19, 2007
do you have something re. oil for us from cycle?

No Alimin, only little time for trading actually. Yet saturn retrograde not an encouraging sign for commodities, mining, metal, oil etc. On the other hand higher creeping inflation and wallstreet banks trying to save the carry trade is supporting those hard assets.

Mr. market will decide - patience required here.

Vienna GD 09:59 GMT April 19, 2007 Reply   
Seems as if carry traders are fighting back with teeth and nails not to loose this game.
Because in that case the dollar could easily start to rally - what would mean a lot of folks sitting on the wrong side of the train - a financial tsunami here?

I think global equities will decide what will happen from here.
If they tank - a lot of other markets will tank too.

Anyway important fights here. 691/692 is the line in the sand.
NY open and numbers will be pretty interesting today.

KL KL 09:46 GMT April 19, 2007 Reply   
ok here is ninja deal on gold.....it needs to come close to 687.5 for ninja to have 2nd cherry bite in shorting this thing..will keep adding to 690 and then hope it goes down.....HOPE.....LOL gl gt all

Makassar Alimin 09:25 GMT April 19, 2007 Reply   
Vienna GD 09:18 GMT April 19, 2007

cheers GD, very well noticed...
do you have something re. oil for us from cycle? i am trying to fit the pieces into place at the moment

Vienna GD 09:18 GMT April 19, 2007 Reply   
Makassar Alimin 09:15 ... yes Alimin ... also silver sent the message and clearly and without any doubt refused to go higher.

Vienna GD 09:16 GMT April 19, 2007 Reply   
I haven't checked it yet - but if Mahendra is right and saturn went retrograde today or yesterdays - that could indeed mean some pressure for commodities and esp. metals and mining (stocks). That could last not only for a day but for 2-3 weeks.

Todays numbers out of china perfectly fit into the picture. Eventually we now see the second leg down in equities and commodities - before we launch to the next big leg north.
Accordingly place your orders and bets!

And of course DYOD!

Makassar Alimin 09:15 GMT April 19, 2007 Reply   
this is great, so taxi drivers and mums in market place are still the ultimate indicator to follow :)
should post it again next time i hear the same noise, cheers all

Syd 08:36 GMT April 19, 2007 Reply   
FX Asia: Yen Set To Outperform On Carry Unwinds, USD Losses

Patrick Bennett
The Japanese yen looks set to strengthen during the next few weeks, driven by a combination of broad U.S. dollar weakness and potential unwinding of carry trade positions.

The size and momentum of a pullback so far this week in a number of key carry-trade currencies plus traders' willingness to add positions in previously underperforming currencies against the dollar supports the outlook for further yen gains.

From a position of being a perennial underperformer the yen has been one of best performing of the major currencies against the dollar, rising 1.4% since Monday. During the same period the euro gained 0.3% and the British pound is 0.9% higher against the greenback.

At 0755 GMT the dollar was trading at Y117.95, down from a six-week high of Y119.87 reached Monday.

The yen has also rebounded from multiyear lows against a number of high-yielding currencies, including the Australian and New Zealand dollars.

At 0730 GMT, the New Zealand dollar was trading at Y87.20, off a 10-year high of Y89.03 Wednesday. The Australian dollar was trading at Y98.04, also off a 10-year high of Y100.03 hit Tuesday.

The trigger for the escalation in profit-taking was likely little more than a number of currencies having reached multiyear, and in some case multi-decade highs, against the dollar in recent sessions.

Some analysts say that they have for some time expected an unwinding of so-called carry trades, which have weakened the yen.

"We have felt that a number of yen crosses have been in overbought territory for some time," said UBS currency strategist Ashley Davies.

In carry trades, investors borrow or sell a low- interest-rate currency, such as the yen, and invest the proceeds in a higher yielding currency or asset. Yen selling associated with these makes the Japanese currency weaker than it would otherwise be.

The yen has been the main beneficiary of the carry trade unwinding, which has translated to its outperformance against the dollar.


China Growth, Technicals Also Support Yen Gains

China's latest growth numbers issued Thursday, which show gross domestic product grew a stronger-than-expected 11.1% in the first quarter from the same period last year, could help the yen. That's because the strong growth may prompt further Chinese policy tightening, which in turn would dampen investors' risk- taking appetite for yen carry trades.

"The moment the market engages in a reassessment of risk exercise the yen stands to gain," said Rabobank's Asian head of research, Jan Lambregts.

"Such gains could be quite dramatic, bearing in mind the stretched yen short positions in the market and the stretched long positions of the various beneficiary currencies of the carry trade," he said.

Also, some traders have used spurious rumors about a possible Bank of Japan interest-rate rise in the next few months to encourage the yen higher although there is no credibility to these rumors.

From a techical perspective, the dollar/yen exchange rate is potentially in the process of completing a large head-and-shoulder topping formation, which could signal a significant fall for the dollar, Dow Jones analysis shows.

The left-shoulder of the formation is at Y119.88 (Oct. 13 high), the head is at Y122.20 (Jan. 29 high) and the right shoulder is at Y119.87 (Monday's high).

The neckline, which needs to broken to validate the topping formation, is currently at Y115.55. A break and consecutive closes below that point would potentially target a move to Y108.90.


Patrick Bennett, Dow Jones Newswires

Syd 08:18 GMT April 19, 2007 Reply   
After the gain comes the painIt was good while it lasted but Britain's decade-long flirtation with low prices has come to an abrupt halt. For the first time, the Governor of the Bank of England, Mervyn King, has been forced to write to the Chancellor to make his excuses and explain why inflation is so far above its target of 2%.

Syd 08:16 GMT April 19, 2007 Reply   

If you have an hour this documentary is interesting.

Irish Property Crash
Documentary about the imminent property crash in Ireland. There have been a number of recent posts about the reaction to this documentary - our friend Morgan Kelly's appearance on RTE's Prime Time, the Belfast newspaper's accusation of 'irresponsible' programming - well, here is the original documentary. There is a good section on the last UK property crash in the early 1990s.


http://www.rte.ie/tv/futureshock/av_20070416.html

Syd 07:54 GMT April 19, 2007 Reply   
MARKET TALK: China Needs Interest Rate Hikes - Economist China needs to raise interest rates at least 2-3 times this year to curb economic growth, says Yi Xianrong, economist with Chinese Academy of Social Sciences, a government research institution; high asset prices, property prices are biggest problems for economy, which driving FAI up. "Raising interest rates is the best choice for the central bank"; PBOC hiked last on March 19 and economists expect more tightening to come this year.(

hk ab 07:53 GMT April 19, 2007 Reply   
KL//downhill sharp first before an even sharper rise.

KL KL 07:50 GMT April 19, 2007 Reply   
hk ab

what you mean more legs to come???....to run down hill or run up the wall of worries??

hk ab 07:50 GMT April 19, 2007 Reply   
seek, did you stop on your gbp?

nt, now we have the heaven gift, want a bigger one?

hk ab 07:47 GMT April 19, 2007 Reply   
gold seems to have more legs to come, look at silver.

Syd 07:42 GMT April 19, 2007 Reply   
China's strong 1Q GDP, CPI growth may add downward pressure on copper prices in short term, given market concerns over possible tightening measures, but its uptrend looks intact, says Cai Luoyi, analyst with China International Futures (Shanghai). China 1Q GDP +11.1% on-year, CPI +3.3% in March, says National Bureau of Statistics; both higher than tipped in Dow Jones polls, but analysts say figures still within expectation. SHFE copper futures down sharply in afternoon session, in expectation of strong data. Data "provides an opportunity for copper to correct downward, but more importantly, the strong GDP means strong domestic demand," says Cai. China is world's largest copper consumer

KL KL 06:48 GMT April 19, 2007 Reply   
ninja locking in $1 on gold short no $2...for holiday & effort and reward.......no $3 for poor streets people... Ninja is happy now and Gold stock did give me leg up on this.....hopefully see $30 bucks range day. Shanghai falling 4.6%.........the shaking starts and Ninja day is today!!

Relentless attack and slashing today!!LOL....gl gt all

Vienna GD 06:12 GMT April 19, 2007 Reply   
euro, cable and gold still so strong after those china rate hike news ... is remarkable strange.
Only stocks are clearly on the weak side so far.

Vienna GD 05:13 GMT April 19, 2007 Reply   
Closed all shortterm possies in gold and silver.

Added Shorts in gbpusd, eurusd and jpy-crosses.
1st small short in gold, will add more if this one works. PS: gold still surprisingly strong here!
Of course all possies with stops.

Way too much talk of carry trade unwinding here.
Could be fake ... but increased volatility, weak eu stocks, my brokers early close yesterday ... overnight action of asian stocks ... something stinks here! IMHO - DYOD!

Syd 04:53 GMT April 19, 2007 Reply   
Nikkei down 2.1% at 17303.54 on stronger JPY; "Our currency guys are saying they're seeing some carry trades being unwound here and that's pushing this thing down. We've seen some CTA guys jumping on that and doing some futures selling as well earlier," says head of equity derivatives trading at U.S. brokerage in Tokyo. USD/JPY now at 117.95, after hitting two-week low of Y117.79 earlier. "We're likely to see some more volatility over the rest of the session for stocks," says Yuji Nakagawa, head of derivatives trading at Toyo Securities.

hong kong 03:49 GMT April 19, 2007 Reply   
AB -- guess $10 discount from 691, if seen, is gift from heaven for buyers..good trades..

hk ab 03:30 GMT April 19, 2007 Reply   
nt, if this dive gets past 685, still worth trying 682? or heaven gift 672?

hong kong 02:14 GMT April 19, 2007 Reply   
GD -- successful stabilisation above 685 is a bullish signal. Likely to reach 715+ by end of April..fwiw..

KL KL 01:49 GMT April 19, 2007 Reply   
ok in short gold 691 sl 693 lets see...base on gold stocks tanking...maybe because crude is falling or China GDP rate rise ...nothing makes sense just a momentum play now!!gl gt

Syd 00:14 GMT April 19, 2007 Reply   
Japan Consumption Growth "Continuous" - CS
Japan February tertiary activity index up 1.0% on month proves consumption growth, "although not fast, is continuous", says Credit Suisse's Satoru Ogasawara; "this data shows that the growth in consumption we have seen in the last quarter was not just a rebound."

Syd 00:05 GMT April 19, 2007 Reply   
MARKET TALK: Market's Pricing Of RBA Rate Hike Eases Slightly

Syd 00:01 GMT April 19, 2007 Reply   
China post GDP today said to be exceptionally strong giving rise to rate hikes .