NYC YIPPEE 20:06 GMT January 2, 2004
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FWIW AUDJPY closing above 81.10 is HUGE.
If AUD can hold recent gain, and JPY comes off slightly my old target of 82 may be hit by early next week.
Porto 19:30 GMT January 2, 2004
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sell aud/usd 0.7589
Tas 18:31 GMT January 2, 2004
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The Institute for Supply Management's December report points to an improving job market, a top Treasury official said Friday. The Institute for Supply Management earlier Friday said its index of manufacturing activity surged to 66.2 in December from 62.8 in November, its highest level in 20 years. The new orders index climbed to 77.6 in December, its highest level since July 1950. The ISM report "suggests progress in manufacturing," Mark Warshawsky, acting assistant Treasury secretary for economic policy, said in a statement. "The new orders index posted the strongest showing in over fifty years. The report also suggests a better employment picture - further evidence the President's initiatives are creating economic growth and boosting job creation," Warshawsky said.
reuters
Dallas GEP 18:12 GMT January 2, 2004
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OK thanks DON!!! LOL I have had enough heart palpitations these last few months!!! LOL
iom stan 17:51 GMT January 2, 2004
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SD tht Thank you for your help, there must be some time frame though. Stan
Spotforex NY 17:33 GMT January 2, 2004
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GEP- I see some cable strength above 1.7920 with 1.7890 as a suggested stop...
I just just trying to be "cute" with the 180 skateboard move at the psych level of 1.80......
Dallas GEP 17:27 GMT January 2, 2004
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Don, You are getting a BUY signal on GBP/USD with target @ 1.80?????
OK SZ 17:25 GMT January 2, 2004
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usd/cad might be a good buy at 1.2850 which is good support
Spotforex NY 17:23 GMT January 2, 2004
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Will the Pound doa "180" at 1.80???????
Dallas GEP 17:21 GMT January 2, 2004
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Pound making bullish run so that 1.7940/45 level looks probable at this time
Spotforex NY 17:18 GMT January 2, 2004
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The Fed has noted that rates will remain low for a "considerable period" - not for election purposes, but rather for global-growth sustainability.
In this age of Central Bank cooperation - the Fed seems to remain on hold for as long as it can (and risking inflation) to assist Japan and Europe in finding their domestic econ engine....
The inflate or die mentality is not for the US alone - its a world-wide theme.
Perth AS 17:11 GMT January 2, 2004
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Spotforex NY thanks Also to consider the Election in the US , Bush probably is infear that a rate hike will occur prior to the election which was a problem for his father, Greenspan will not want a reoccurance of that , therefore will begin them sooner than later even if its max 1% - the G7 meeting at the beginning of Feb where they openly say they are concerned about dollars demise will nodoubt cause a kneejerk reaction
Memphis Charles 17:04 GMT January 2, 2004
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Use mental stops when you can... don't tip your hand...
London AL 17:03 GMT January 2, 2004
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HK RF@ 14:14 can u comment on average reversals off those excess levels b4 trend reasserted itself.??TIA
SD tht 17:02 GMT January 2, 2004
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iom stan 16:33 GMT January 2, 2004
These countries don't have to convert to Euro, they can keep their own currency. The European Monetary Union is not the same as the European Union.
Spotforex NY 17:00 GMT January 2, 2004
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Perth AS 16:55
My observation is that this Dollar Europe market has not acted on positive US data since November' 4th payroll data...
Thus it seems that tech has overruled any fundamental aspects during this time.....markets do not move in one direction forever and a retracement will occur at some point.....
My models are moving into areas that would suggest profit taking on the trend at some time soon..
My observation is that 1.2470 is the pivot point on the euro for now....and would see how the price action unfolds if that level is violated.....
st. louis aj 17:00 GMT January 2, 2004
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Thank you Spotforex NY.
I traded with them for 2 years and never had a problem. I guess its the consequences of new year celebration.
Dallas GEP 16:58 GMT January 2, 2004
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Pound at KEY level now For all intents and purposes it should short back down from here around the 1.7915/20 area. Be careful though as a break here and 1.7940/50 could be seen. I beleive however that this area will hold (1.7915/20).
Perth AS 16:55 GMT January 2, 2004
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Seems we have a very thin market to push the prices around,
Does anyone see a correction for the Dollar hearing those numbers were highest since 1950.
Greenspan and others speaking at the weekend economy any views they will mention strong economy..
Athens. Qindex and any other long term traders appreciate your view on the dollars levels.
Spotforex NY 16:46 GMT January 2, 2004
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St Louis - just be wary of these "online" platform types - they tend to use their spread as a straddle around the extreme ends of moves to flush out stops....as they WIN when you lose.....gray areas will always be dark for you on the retail end.....
but your stop would have been done anywhere on the street today....those flushed out at 1.2514 would have a stronger argument and concern about dealer "profrssionalism"....sometimes the REF is against the player!!!!!!!
Spotforex NY 16:42 GMT January 2, 2004
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St Louis....from an earlier post..
Ldn Cashman 08:41 GMT January 2, 2004
Arturo- EBS has the traded low as 1.2524.
st. louis aj 16:36 GMT January 2, 2004
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Can anyone please tell me the low for eur/usd for today january 2 (eastern time). My company- censored gives me 1.2514,however all other charts i see show low around 1.2550. They closed my positions at a stop at 1.2535 and i am trying to figure out why. At the trading desk they said oh it because of different data feeds. I would say 50 points difference ia a little too steep. Should i move to another company? Would appreciate any comments.
iom stan 16:33 GMT January 2, 2004
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When the "new" members join the EU in May how long do they have before they have to be "in" the Euro. Any one know ? TIA. Stan
Porto PJT 16:04 GMT January 2, 2004
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Hope everyone have a great new year.Seams the trend- usd down- is still in place.Turtle traders having a big fun.
SA Bok 15:43 GMT January 2, 2004
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Food for Thought:
EUR/USD is
bouncing smartly after stalling at 1.2565. Dealers saw good selling from model
funds at the lows.
The usual "twin deficits" talk is being heard, and blamed for the bounce. One of
the deficits is likely to fall quickly amid the strong economic rebound: the
fiscal deficit. Much of the deficit has been cyclical in nature, not a function
of tax cuts or overspending, though clearly those factors are important. The
rebounding economy will produce revenues faster than even the US government can
spend them if anywhere close the present pace of economic growth is sustained.
The trade deficit may be another matter, but as long as it is self funding, it
likely won"t be a problem either. Someday the market will wake up to the that
fact. The only question is when. Once EUR/USD closes below the 10 day moving
average (today at 1.2490) is our guess.
Source - IFR
Spotforex NY 15:38 GMT January 2, 2004
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Postville 15:31 I gave you from C$ to US...
to go from US$ to C$ - Multiply US Dollar amount by 1.2900 (or by 1.25 for a realistic physical conversion.....
Spotforex NY 15:36 GMT January 2, 2004
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Postville 15:31 - divide your Canadian amount by the current level of 1.2900......
but retail shops physical conversions will use an exchange rate probably at 1.35ish level
SA Bok 15:33 GMT January 2, 2004
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The Market is so one way that when the axe falls BLOOD will flow ... GL and GT to all
Postville 15:31 GMT January 2, 2004
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I was wondering if someone could tell me the exchange amount of $2,367 of American dollars-what would that be in Canadian money?
melb 15:30 GMT January 2, 2004
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" ISM 66.2 Best level in 20 years "
sarasota jf 15:22 GMT January 2, 2004
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rumor of building evacuations in london
OK SZ 15:21 GMT January 2, 2004
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do not see that happening today...the euro will do the usual today...fall maybe to the 30 level and go back up...
Barcelona Tony 15:18 GMT January 2, 2004
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bye bye euro gbp ... only aud left .... bye bye ... welcome 1.20 and 1.70
slv sam 15:06 GMT January 2, 2004
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i do not think it is risky to buy e/$ here!GT
OK SZ 14:53 GMT January 2, 2004
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maybe the safe play will be to buy the usd/jpy towards the end of the day..since me thinks that BOJ will be in sunday...
Barcelona Tony 14:23 GMT January 2, 2004
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Barcelona Arturo 11:03 GMT ... qu� tal? �s bonic trobar-se un company (sorry to write in catalan for others) .. vols que ens coneixem? Good trading everyone ... climax is ready
HK Kevin 14:23 GMT January 2, 2004
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HK RF@ 14:14 GMT, good observation for long-term position trader.
Adl albbar 14:22 GMT January 2, 2004
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hk ab
where do you see support for cad below 2840?
HK RF@ 14:14 GMT January 2, 2004
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EUR
Since 1990 looking for extreme price differences(B4 reversals) from the 250WKLY/Sma One may find (in pips) values as;
2586
2415
2835
The last deviation 2774 pips of the max 1.2648 to the present 250WkMa compared to the prev. ones as Ref. should be taken no less seriously than the current fundamentals.
GL/GT and a happy new year.
Mtl JP 14:09 GMT January 2, 2004
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ab 0.88 / see POL forum
hk ab 0.88 14:06 GMT January 2, 2004
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jf, this 1.28 will be traded big time.
slv sam 14:05 GMT January 2, 2004
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slv sam 18:00 GMT December 31, 2003
i do not trade CAD, but i can see some profit selling $/cad here!GT
80 pips so far!
London Paul_ex trader 14:02 GMT January 2, 2004
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I saw someone talking of buying Eur/CHF and GBP/CHF. I am short GBP/CHF as it seems to have a hard time maintaining any strength above 2.2170 level. A fall below 2.1990 will resume the downtrend to 2.17 level.
Eur/Yen should be a better buy for 138 over next week, assuming 134.20 was the low we saw b4.
Paul
hk ab 0.88 13:56 GMT January 2, 2004
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I think Sorro and the gang want to test the pain of CBs like they did on the BOE...
hk ab 0.88 13:54 GMT January 2, 2004
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jf,, agree!
Happy new year to you first!
And I think an OCO at 1.2910 is good idea now.
Let's have a Big GREEN one at the beginning of year!
sarasota jf 13:53 GMT January 2, 2004
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ab there was a stop in cad ard the 80 that was triggered - shud be less selling pressure now
hk ab 0.88 13:51 GMT January 2, 2004
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I have orders at 1.2805 long waiting. Tight s/l.
hk ab 0.88 13:49 GMT January 2, 2004
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cad move is very interesting.
Can it rally based on crosses......
hk ab 0.88 13:18 GMT January 2, 2004
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add short aud/nzd 1.15.
Melbourne Qindex 12:39 GMT January 2, 2004
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CAIRO AG 07:31 GMT - I just sent you another e-mail.
Penn Jw 12:36 GMT January 2, 2004
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nyc beyonding destiny N p pal - one last idea in the help forum. GL Gt
melbourne farmacia 12:14 GMT January 2, 2004
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hk ab 0.88 11:54 GMT January 2, 2004
Cheers ab - let's have a great year.
Sydney2 12:07 GMT January 2, 2004
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I have just closed all my positions and have a cool period to think about the market.
nyc beyonding destiny 12:03 GMT January 2, 2004
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Sydney2 11:39 GMT January 2, 2004
G7 meeting in Feb, close one is Alan's speech...Honestly, shorting major against $ is very fraustrating now. I'm not touching $ pair besides swissie now(T/P 1.26, 1.315)... long eufchf and gbpchf has brought more much to me. imho, just be patient with large stop...don't not short euro in day trade...
slv sam 12:03 GMT January 2, 2004
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SELL e/y now at 1.3480 for nice dip till 1.30 level IMHO.GT
nyc beyonding destiny 11:56 GMT January 2, 2004
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Penn Jw 11:50 GMT January 2, 2004
thank u very much, mate...i'll stay with my acct brokerage' chart and wait til next week to try met=a again. GL, GT
hk ab 0.88 11:54 GMT January 2, 2004
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Farmacia, many good trades to you for the NEW year!
Greetings from hk
Penn Jw 11:50 GMT January 2, 2004
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nyc beyonding destiny 11:44 GMT F*X*C*M also have free charting Strange about the meta though - I've been running demo charting for 6 months now. Just have to open a new account every 30 days. ask Jay for my email for other 30 day trial charting if you don't come right. GL
melbourne farmacia 11:50 GMT January 2, 2004
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One should note that Aud/Usd is now trading at what i consider a very important level - 0.7545 - Based on historical fib retracements and projections. From the 2003 base at 0.5875 upto 0.6845 = long term projected top being 0.7545.
The odds suggest Aud will start a nice retracement in early Jan with 0.7088 a possible target if my reading is correct. GT
nyc beyonding destiny 11:44 GMT January 2, 2004
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Penn Jw 11:25 GMT January 2, 2004
mate, I've tried a few times..the problem is persisted..:( any recommendation of other free/trial charts? thanx a lot
Sydney2 11:39 GMT January 2, 2004
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HI, nyc beyonding destiny, thx for your message.
I found that all majors go up or down almost simutaneously depending on $'s strength or weakness. The high interest rate of Aussie has been already priced in. Is it right?
No one argues that a euro correction will happen sooner or later, but question is when it happens? If looking at chat, this correction is long overdue, but from fundamental point of view, this correction may still have to wait for a while. The timing is the key point. Any comment about how to achieve a balance between indicators and fundamental?
hk ab 0.88 11:31 GMT January 2, 2004
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bc, do you think you will exercise your big arm in this Jan on eur?
Moskow FM Research 11:28 GMT January 2, 2004
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Hello everybody and Happy New Year!
Let us celebrate these nice days together!
FM Research fixes holiday prices for the period of 12/25/03 - 01/25/04.
Look at new low fares on www.his base.com. which nowadays is one of the
trustworthiest & effective forex quotes history for intraday trading.
nyc beyonding destiny 11:26 GMT January 2, 2004
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Sydney2 11:21 GMT January 2, 2004
imho, this Aussie, also ausyen run are more associated with interest rate of this single currency. Swissie, euro, loonie may find a fl of its week low here...
Penn Jw 11:25 GMT January 2, 2004
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Apologies for the double send! ;o)
Penn JW 11:24 GMT January 2, 2004
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nyc beyonding destiny 11:22 GMT Just open a new account.
Rt click on accounts under navigator and open new account. Feed will update almost immediately. Gt Gl
Penn JW 11:24 GMT January 2, 2004
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nyc beyonding destiny 11:22 GMT Just open a new account.
Rt click on accounts under navigator and open new account. Feed will update almostimmediately. Gt Gl
Sydney2 11:21 GMT January 2, 2004
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AUD/USA is hitting new highs for a while, does it indicate a continuing weakness of $?
Penn JW 11:18 GMT January 2, 2004
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nyc beyonding destiny 11:14 GMT Are you live or demo?
nyc beyonding destiny 11:14 GMT January 2, 2004
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Penn JW 10:36 GMT January 2, 2004
thanx for your reply...my problem is it doesn't have up-to-date data...last was Dec 25...any solution..?I'll apprecaite
Sydney2 11:12 GMT January 2, 2004
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Barcelona Arturo, I will close my DJ short position after market opens in less than 30 minutes. Your message is really valuable to me, Thanks again.
Sydney2 11:07 GMT January 2, 2004
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thanks Barcelona Arturo. I am thinking to take some profit.
melbourne farmacia 11:04 GMT January 2, 2004
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Sydney2 10:35 GMT January 2, 2004
I would wait till data later tonight.... and fwiw
melbourne farmacia 00:56 GMT December 18, 2003
hyderabad rakesh - projected euro resistance - 1.2620.
So this 1.2620 level is the key.
Barcelona Arturo 11:03 GMT January 2, 2004
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Sydney 2.
re DJI I have done some calculations and think safest place to short is 10600 with sl above 10800 or if comes lower from here sell on a break of 10145, as in my interpretaion would strongly suggest that high would then be in place.
Jakarta Onk 11:00 GMT January 2, 2004
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hello forum,
any one know what fundamental data for today?
and what time..?
thanks
Barcelona Arturo 11:00 GMT January 2, 2004
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Sydney2.
1.2647 looks to me like the high for a while. I think we will see eur$ trade at 1.2450 early next week. As long last weeks high holds ,I have forecast objectives on the downside of 1.2440 , possibly 1.2350 and finally 1.2190. Though I do think its likely that 1.2350 holts any slide. Afterwhich I'm looking for 1.2950/1.2980 or 1.3120 as pivotal areas.
Tas 10:59 GMT January 2, 2004
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China patient 'may have Sars'
LINK
Anti-Sars measures are being stepped up again in Chinese cities
China has given its strongest indication yet that a man hospitalised last week may have contracted Sars.
hk ab 0.88 10:57 GMT January 2, 2004
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filled some aud/nzd short at 1.1485.
beijing road 10:50 GMT January 2, 2004
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Finally my eur/aud long position was hit at 1.6690 today(+60pips)
GER ad 10:50 GMT January 2, 2004
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Is the ticker (S_A_X_O) working?
Tas 10:47 GMT January 2, 2004
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Greenspan speaks Sat in San Diego on monetary policy, along with Fed's Bernanke, Ferguson who to speak on Sun. reuters
Hong Kong nt 10:44 GMT January 2, 2004
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HK EL--Hope GBP may top out at 1.80-1.81 area...
beijing road 10:43 GMT January 2, 2004
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HK EL :
Actually i do not how high the cable will go. BUt what can I do is to trail stop to 1.7750 based on 8h chart.
Hong Kong nt 10:43 GMT January 2, 2004
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Euro--exit early long at 1.26...
Penn JW 10:36 GMT January 2, 2004
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nyc beyonding destiny 10:30 GMT Demo meta*trader is working - GL
Sydney2 10:35 GMT January 2, 2004
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Thanks melbourne farmacia
Do you think it is possible for euro to achieve new highs today? and sell on new highs and buy back at dips?
melbourne farmacia 10:32 GMT January 2, 2004
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Sydney2 10:28 GMT January 2, 2004
Not a bad call mate, it's all about TIMING. GT
nyc beyonding destiny 10:30 GMT January 2, 2004
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anyone use meta-trader? is it working now?when it will works if not?thanx
Sydney2 10:28 GMT January 2, 2004
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I have to admit that my yesterday's buying euro at 1.2605 was a bad call although I have gained a little. I am learning from experienced traders on this forum. Thank you all for your efford to keep this forum a valuable place to learn.
Sydney2 10:21 GMT January 2, 2004
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Anyone here played stock futures? I shorted DJ at 10225 but since then it has climbed to 10440. Do I need to buy back to close the position? Similar to Euro/usd cross, DJ charting shows overbought but it keeps going up because of USA economic recovery.
How to balance between indicators and fundamental? Any comment? Thanks.
slv sam 10:18 GMT January 2, 2004
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e/$ it looks like we will see 1.28 b/4 any good bounce (300pips max!) then all the way to 1.31 level IMHO.GT
HK EL 10:10 GMT January 2, 2004
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What is the your forecast high of gbp today beij road?
TAS 10:06 GMT January 2, 2004
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N Korea 'allows US nuclear visit'
http://news.bbc.co.uk/2/hi/asia-pacific/3362389.stm
beijing road 10:02 GMT January 2, 2004
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forget any model or prediction, and just follow the price.
beijing road 09:57 GMT January 2, 2004
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Hey, follow the USD-Bear trend until it reverses.
Barcelona Arturo 09:32 GMT January 2, 2004
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Ldn Cashman - thank you very much. Good luck.
hk ab 0.88 09:14 GMT January 2, 2004
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what a nice job BOJ. Left order on jpy crosses as well?
Ldn Cashman 08:41 GMT January 2, 2004
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Arturo- EBS has the traded low as 1.2524.
Barcelona Arturo 08:22 GMT January 2, 2004
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Could somebody kindly give me the traded overnight low in euro$ plse? I have 1.2519/1.2517.
CAIRO AG 07:31 GMT January 2, 2004
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Qindex:didnt get ur mail ... would u re-send it pls?
Melbourne Qindex 06:09 GMT January 2, 2004
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EUR/USD : Daily Cycle Quantised Levels :-
... 1.2455 ... 1.2486, 1.2502 ... 1.2533 ... 1.2564, 1.2579 // 1.2594*, 1.2610 ... 1.2641 // 1.2656 ...
Spr NoodyG 05:55 GMT January 2, 2004
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No AB still on wines diet hope to start trading only next week
zzzzzzzzzzzzzz
Melbourne Qindex 05:14 GMT January 2, 2004
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CAIRO AG 05:08 GMT - They made a mistake and so I have to check my junk mails every day. I just sent you a reply.
CAIRO AG 05:08 GMT January 2, 2004
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Junk box???
Melbourne Qindex 05:03 GMT January 2, 2004
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CAIRO AG 05:00 GMT - Okay I found it. Hotmail.com placed it in my junk box.
CAIRO AG 05:00 GMT January 2, 2004
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No.. am aghozzi@xxxxxx
Melbourne Qindex 04:59 GMT January 2, 2004
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CAIRO AG 03:42 GMT - Are you Mike? I just sent you a reply.
hk ab 0.88 04:58 GMT January 2, 2004
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Noody, Happy New YEar to you? Any vacation planned?
Did you join those funds?
CAIRO AG 04:58 GMT January 2, 2004
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Qindex: ok.. am here anyways for the next hour or so.
Melbourne Qindex 04:54 GMT January 2, 2004
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CAIRO AG 03:42 GMT - H! I just came back and will check my mail.
Spr NoodyG 04:12 GMT January 2, 2004
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AB given thrice by US funds today on Euryen X
hk lacer 03:54 GMT January 2, 2004
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gud morning.... happy new year to all... any view on the trading forecast range of gbp and eur for today....thanks...
hk ab 0.88 03:54 GMT January 2, 2004
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any news from Jap? or those spectator want to challenge BOJ during the Golden holidays?
CAIRO AG 03:42 GMT January 2, 2004
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Qindex: pls look at ur hotmail e-mail...TIA
CAIRO AG 03:42 GMT January 2, 2004
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Qindex: pls look at ur hotmail e-mail...TIA
Melbourne Qindex 03:28 GMT January 2, 2004
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Melbourne Qindex 03:14 GMT January 2, 2004
EUR/USD : Daily Cycle Quantised levels :-
... 1.2455 ... 1.2486, 1.2502 ... 1.2518, 1.2533, 1.2548, 1.2564, 1.2579 // 1.2594*, 1.2610 ... 1.2641 // 1.2656 ...
Melbourne Qindex 03:14 GMT January 2, 2004
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EUR/USD : Daily Cycle Quantised levels :-
... 1.2455 ... 1.2486, 1.2502 ... 1.2533 ... 1.2564, 1.2579 // 1.2594*, 1.2610 ... 1.2641 // 1.2656 ...
Spotforex NY 03:03 GMT January 2, 2004
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re: Euro
My daily system has the 1.2470 level a "pivotal" as the new trading year begins...trend followerts of the Dec mkt may acellerate profit taking below that level....My trend signal is a levels that suggest profit taking is due in the Dollar/ European ccy pairs....
The last :pivot" point was back on the Sunday that Saddam was caputured at 1.2130 area (which held that day) - but trailing stops were elected....
The new year looks to begin with counter trend trading possibilities....
Happy Hunting all!!!!!!
UAE Oil man 02:55 GMT January 2, 2004
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I would buy it Paul for 500 pips or so.
Perth AS 01:54 GMT January 2, 2004
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MEXICO CITY (AP)--A strong earthquake rocked Mexico City and Acapulco on Thursday, but no major damage or injuries were immediately reported.
The magnitude-5.7 quake, centered 25 miles (40 kilometers) east of the resort of Zihuatanejo, struck shortly after 5:30 p.m. local time, according to the National Earthquake Information Center, in Golden, Colorado. It was followed by a strong aftershock of magnitude-5.2.
Perth AS 01:52 GMT January 2, 2004
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JAKARTA (AP)--An earthquake shook parts of eastern Indonesia Friday, witnesses and officials said. At least seven people were injured on the tourist island of Bali, state news agency Antara reported.
London Paul_ex trader 01:33 GMT January 2, 2004
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guys: I am looking to short STG/SFR which although it's rallied from the low 2.20's, it always looks well offered above 2.2170 level. Any thoughts?
Paul
USA Biscuit Boy (holiday mode) 01:13 GMT January 2, 2004
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Yes still with them sz....during the holidays they widen the spreads due to lack of liquidity. In retrospect the wide spreads didnt deter much at all as i dont scalp.
Sounds like a nice target oilman :)
Melbourne Qindex 01:12 GMT January 2, 2004
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EUR/USD : The odds are in favour of taking a short position since the market is trading below the daily cycle barrier at 1.2582 // 1.2607.
Melbourne Qindex 01:08 GMT January 2, 2004
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EUR/USD : the following is still a good reference for today's market :-
Melbourne Qindex 00:06 GMT January 1, 2004
EUR/USD : As shown in my weekly cycle charts the market has tested the upper barrier and it is vibrating around 1.2558 with an expected magnitude of +/- 92 pips for the time being, i.e. 1.2466 - 1.2650.
Melbourne Qindex 06:18 GMT December 28, 2003
EUR/USD (Weekly Cycle) : The pattern of my weekly cycle frequency chart indicates that a strong pull-back is imminent. The big difference in the frequency number between 1.2374 - 1.2466 suggests that 1.2374 is a significant supporting quantised level. If the market is trading below 1.2374, it will tackle projected chart points at 1.2238 and1.2191. On the other hand if the market can close above 1.2466 in New York session, EUR/USD has a potential to tackle the projected resistant level at 1.2558 // 1.2650. The market rhythm is represented by 92 pips (k=0.009178) and the weekly cycle normal trading range is 1.2374 - 1.2650. (Suggestion : The odds are in favour of maintaining a short position if the market is trading below 1.2466).
Weekly Cycle Quantised Levels
... 1.2191, 1.2238 // 1.2374, 1.2466, 1.2558 // 1.2650 ...
London Paul_ex trader 01:08 GMT January 2, 2004
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how do you find thier platform? I use s*a*x*o which is really great!
UAE Oil man 01:08 GMT January 2, 2004
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Well I m still looking for 1.2000 before january 10..
OK SZ 01:06 GMT January 2, 2004
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Biscuit Boy, you still with o..a..n..d..a..?
USA Biscuit Boy (holiday mode) 01:03 GMT January 2, 2004
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Hi oilman....unfortunately my broker has 10 pip spread but in a few days i dont think ill care....coming down now :)
UAE Oil man 00:58 GMT January 2, 2004
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Hi biscuit well sounds like a good number;)
USA Biscuit Boy (holiday mode) 00:57 GMT January 2, 2004
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Shorted euro at 69.....hopefully i wont regret it :)
Perth AS 00:50 GMT January 2, 2004
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A"Jobless recovery" may become outdated term in U.S. in 2004 with firms set to hire more aggressively; lack of jobs one reason many say Fed has held back on rate hike. Wall Street Journal survey of 54 economists finds jobless rate tipped to slowly fall to 5.5% by end-November; would be above 3.8% of April 2000 but well off 6.4% hit last summer, a boost to Bush re-election bid. "The economy will be producing a message that employment is growing at a pretty good pace, but not booming," says Prudential's Richard Rippe
AP.