Syd 23:40 GMT January 22, 2009
Tonbridge AL problem is with europe that still think its someone elses problem - hope the UK stay out of the Euro, poor old Winston would turn in his grave !! :-)) and they should ban those programes about how to make a quick profit on property - they only show the winners !!
Syd 23:36 GMT January 22, 2009
"I am more concerned about wealth protection than chasing diminished returns," said Tom Hougaard from City Index. In his opinion, the market will be heading "sideways for a protracted period of time." He sees potential in June or July options, parity in sterling to the euro, and a horizontal move in gold.
Tonbridge AL 23:31 GMT January 22, 2009
the French are jealous they cannot devalue to at least get a competive edge on exports. The only problem of cours is manafacture what and sell to whom. everyone in the same boat and trying to do the same thing will ultimately lead to protectionism which will be France's reaction as soon as things get really really tough for them
Syd 22:21 GMT January 22, 2009
French Finance Minister, seemingly with not enough domestic challenges, is now offering unsolicited advice across the channel to the UK. It should, Lagarde says, do more to support sterling. She claims, â€śI beleive itâ€™s in its interest to support sterling a little more.â€ť She does not say how it should support sterling or what interest of the UKâ€™s at risk by a falling pound.
She claims that the BOEâ€™s rate management is not very efficient in providing more support for sterling. Isnâ€™t that the point though ? Monetary policy as conducted by the BOE does not target the currency. It simply cannot do everything. It, like the US, chooses to allow market forces to set the value of the currency. As we have argued, the fact that the UK is not managing its currency is part of the reason that there is not currency crisis for it now as there was in the Sept 1992 when its was summarily ejected from the ERM. We have also noted that the flexibility of sterling provides a transmission mechanism for monetary policy when other channels are not functioning well. Yet there is a more than a kernel of truth in Lagardeâ€™s comments, though as is often the case it says more about the speaker than the object of the remarks. The real context is that within the eurozone few countries, including France, can keep pace with Germanyâ€™s competitiveness--unit labor costs. Countries in the eurozone are being squeezed. Externally, other countries not in the eurozone have gained competitiveness at the euroâ€™s expense, through the depreciation of their currencies. The Swedish krona has decline nearly 10% against the euro since the middle of last July. Sterling has decline about 12% in the same time. Australia has depreciated by about 14% against the euro. Turkey has depreciated about 7% against the euro, while the Hungary has depreciated by 15%, Poland by 20% and Czech by almost 13%.
The stability of the euro which is the conceit of the ECB is the noose that is hanging European producers, in the absence of structural reforms. Lagarde couches her assertions in terms of what is good for the UK, but she really means France.
BROWN BROS.HARRIMAN Marc Chandler
London Mamun 20:17 GMT January 22, 2009
KL KL WHERE R U
If goog melt today as expected. will be a party 4 u
London Mamun 20:04 GMT January 22, 2009
sold amzn at 50 stop 51.55 1st target 47
London Mamun 19:32 GMT January 22, 2009
add snp x2 at 837 will add another 2 at 843 stop 853 target 767
London Mamun 18:59 GMT January 22, 2009
sold snp at 826 will add at 835
sold goog at 302 target 270
Tonbridge AL 17:41 GMT January 22, 2009
From the FF
Hong Kong Qindex 17:39 GMT January 22, 2009
QIndex Trading System: Reply
Sell S&P 500
Entry: 812.0 - 816.6 Target: 755.6 - 797.4 Stop: 825
: Heading Towards 797.4
Expected Range : 790.7 - 835.0
Normal Lower Limits : 615.6* - 644.4 - 697.4
Lower Mid-Point Reference : 714.1* - 755.6 - 804.2
Weekly Cycle Pivot Centers : (812.7) - (866.8) - (910.9)
Upper Mid-Point Reference : 911.2 - 977.9 - 1017.7
Normal Upper Limits : 1009.8* - 1089.1 - 1124.4
Daily Cycle Projected Series (836.8) : ... 791.4 - 801.2* - 811.0 - 815.9 // 820.9* - 825.8 - 830.7 - 835.6 - 840.5* - 845.4 - [850.4] - 855.3 - 860.2* - 865.1 - 870.0 - 874.9 - 879.9* // 884.8 - 889.7 - 899.5* - 909.4 ...
Daily Cycle Congested Area : 749.2 - 782.9 - (816.6 - 850.4) - 884.1 - 917.8 - 951.5
Suggested Trade : Sell 1/3 - 1/2 in the first entry point
Entry Points : 812.0 - 816.6
Target(s) : 755.6 - 797.4
Stops : 825
Upside Targeting Points : 831.1 - 832.9
Downside Targeting Points : 792.9 - 802.2
Remarks : Significant levels are positioning at ... 699.7 - 702.9 // 730.7 - 752.0 - 767.1 - 797.4 - 807.0 - 822.5 - 835.0 - 836.2 // 845.6 - 851.3 ... They are valid until the end of this month
Syd 09:05 GMT January 22, 2009
Amsterdam Bobsy 08:38 GMT January 22, 2009
AMS MUSEUM 21:53 GMT January 21, 2009
Only a few more visits to the supermarket Maxim and you will be cured.......