Forex Forum Archive for 01/03/2004

Melbourne Qindex 23:13 GMT January 3, 2004 Reply   
AUD/USD : Current Comment . Register with [email protected] if you have no access to my page.

Toronto Basilisk 16:21 GMT January 3, 2004 Reply   
to Heidelberg ,

Check out censored. They offer OTC options at good terms.

Spotforex NY 15:37 GMT January 3, 2004 Reply   
NYC YIPPEE 20:06

You have been a huge fan of this ccy pair - nice work!!!

Heidelberg Limit_Up 15:25 GMT January 3, 2004 Reply   
Hi,

wish you the very best for 2004:-)

Alex

P.S: Anybody can recommend good FOREX OTC Options Broker?

Porto Azarento 13:55 GMT January 3, 2004 Reply   
aud/usd the 2004 best short? (for me yes)
opinions please. thanks.

Hk RF@ 08:48 GMT January 3, 2004 Reply   
London AL 17:03 GMT January 2, 2004
HK RF@ 14:14 can u comment on average reversals off those excess levels b4 trend reasserted itself.??TIA


We know that one technic for price reversal prediction is to draw price envelops around a chosen Ma. So the fact behind is, that the Ma. chosen, is a kind of believed-to be-attractor which prices tend to oscillate around. One example is the fixed percentage deviation envelop, another is the Keltner channel (http://www.arbtrading.com/keltner.htm), and of course the Bollinger bands using the standard Dev.
I do not want to give too much weight to those 3 observations I made about those extreme prices deviating from the 250WklyMa. As I presented only few(3) . Thus it is calling more the attention of the intuition rather than a statistically based observation.
What worries me more, is that in all those 3 cases I mentionted the reversal eventually brought the price action back to the 250Wklyma. So our intuition is just warned to be opened minded, not to be attracted into a tunnel view of higher and higher Euro prices.
I know that it is hard to accept that we may have seen, or that we are close to see the high for the Euro B4 it touches the above mentioned Avg. but one has to keep it in mind as a reasonable possibility.

Ldn 06:36 GMT January 3, 2004 Reply   
'EU could have averted war'
LINK

Ldn 06:15 GMT January 3, 2004 Reply   
Reuters
Foreign central banks buy yet more US debt - Fed
NEW YORK, Jan 2 (Reuters) - Purchases of U.S. debt by offshore central banks surged to a new record high in the latest week as some countries sought to limit export-damaging gains in their currencies by buying dollar assets.



The Federal Reserve said on Friday its total holdings of Treasuries and agencies for foreign central banks jumped $10.572 billion to a record $1.072 trillion in the week ended Dec. 31, from the prior week.

The breakdown of the Fed's custody holdings showed the central banks bought $11.236 billion of Treasuries, taking their total holdings to $862.355 billion. In contrast, they sold $664 million in agency debt, taking those holdings to $210.065 billion.

Foreign central banks, mostly from Asia, have been major purchasers of U.S. debt this year as part of efforts to prevent their currencies from rising too far against the sliding dollar.

The Fed also released figures that average fluctuations in custody holdings over the week to Wednesday. Those showed holdings rose $6.221 billion to stand at an average $1.066 trillion a day.

Hong Kong nt 02:27 GMT January 3, 2004 Reply   
Any free interactive chart of US stock index? Thx

TAS 00:37 GMT January 3, 2004 Reply   
Most vulnerable of the high interest rate currencies for reversals are the AUD and NZD, as they are overbought from a longer-term perspective Aud is near the top of its uptrend channel on the charts,and the cycle says its overdue for a minor peak