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Forex Forum Archive for 10/02/2004
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Athens 21:20 GMT October 2, 2004
From Trendways weekly analysis:
So then, do we have a major EUR/$ break out on the upside. Let's have a look at it from different angles. No doubt, this pair has clearly broken the dropping medium term resistance line connecting February's year high and July's summer high. Actually the break was seen two weeks ago but now we also have weekly closings above that line. In terms of linear analysis one must expect to see further gains. On a static (or fractal as often called) resistance level basis, the market has yet to clear 1.2460-65 i.e. the summer high before more people share the uptrend view. In such non model analysis I would also say that the pair needs to clear 1.2540 which was the monthly high seen in March. If above this level, the market may get inclined to remember February's high 1.2925 which is the year high, too. In model terms, as we know we are moving along a positive model direction and the unit hasn't reached O/B territory neither short nor medium term, hence this adds to the current higher probability of further gains, more so since the TC remains at very low values and therefore a trend of any kind could begin any time. I think much will depend on the two static levels mentioned earlier, clearance will set the market on a EUR/$ uptrend, failure will remind everyone of the long lasting consolidation of the last six months.
Longmeadow JSB 20:39 GMT October 2, 2004
Oooops looking at last October's (2003) ISM Services. Sorry
NY 20:14 GMT October 2, 2004
ISM index manufacturing 58.5 Sep (59.0 Aug)
Longmeadow JSB 19:30 GMT October 2, 2004
Can someone please confirm that US ISM Services Index survey was release today? Number I get is 63.3? Please confirm.
Global-View Research 15:09 GMT October 2, 2004
Dollar looks for payroll boost (INVESTICA)
US rates at 2.0% would help support the US currency as the yield gap over Euros would close and this would alleviate carry-trade dollar selling. While the expectations of a Fed rate hike are intact, the dollar will secure some protection. The underlying questions over US growth have not been answered over the past week. Immediate data should remain firm, but there will be growing concern over the implications of high oil costs. .. See full stoiry in our Research Section CLICK HERE
quito_ecuador_valdez "mos-quito" 13:59 GMT October 2, 2004
Yippee 21:06// Check the Help Forum, there are posts there that can help take the mystery out of what happened this week and leading into next week.
Everything came together at once last week plunging the USD over 100 pips against majors. The effect was enhanced by a somewhat thinner market which could not "absorb" it all at once. So the USD was attacked by a number of events all at once and I'm surprized it held as well as it did actually.
This is a temporary thing and I think the USD will resume it's Wednesday value early on this week based on the fact that what happened last week wasn't a lasting situation. But we'll see...the mkt is the mkt.
quito_ecuador_valdez "mos-quito" 13:53 GMT October 2, 2004
Moscow// Wrong place to advertise. This is not for advertising, it is for trading data and not your trading data. If every Tom Dick and Harry posted his wares here to sell it would not be a trading forum but an advertising bulletin board. Hence the rules. The only reason your post was not erased is because on the weekends the crew takes off mostly and erases on Monday the illegal posts such as yours. Take no offence, you are simply posting advertising in the wrong place. And I do speak for all of us. Jay, please ban this idiot's IP, will ya?
shanghai bc 10:56 GMT October 2, 2004
"any club which accepts me as a member is not worth joining"..Groucho Marx.
lugano Rob Roy 07:25 GMT October 2, 2004
You can find it on AFX news agency or go to www.censored.com click on quotes, then news, then AFX, then english and you find the comunique. Time is 1.08 of 2nd Oct. Ciao
Helsinki iw 07:10 GMT October 2, 2004
China can hardly be classified as nouveau riche, at least in terms of cultural heritage.
Sydney EM 06:05 GMT October 2, 2004
Australia Govt: Labor Won't Allow Study Of Spending Plans
Labor leader Mark Latham has unveiled a string of big ticket pledges while campaigning ahead of next Saturday's election, including tax cuts, free hospital treatment for the elderly and cut-price child care for families with young children.
empoli (italy) ab 05:58 GMT October 2, 2004
hi good day to everybody,
maybe is it possible to find the official final draft for this G7 pls? i found news abt China commitment to go towards more flexibility in their exchange rate, wud like to know if the final official communication is available, thks a lot
moon land afraid of america 05:40 GMT October 2, 2004
Mtl JP 03:14 GMT October 2, 2004
The comment refered to by TG was the following:
TG / Observe
- Nov 2000 usd bot 1.5430
- Jan 2003, usd bot cad$1.57. Today, usd bot over cad$1.26.
- SnP Nov 2004: 1421. Today's close: 1130
- DJ Nov 2004: 10,900. Todays close: 10,192. (admittedly from a 7588 low in that period)
Earlier today, I had a conversation with an esteemed spot player who quipped: "I am looking at drags on income and can not see how the economy can boom". I can not either.
History shows majority of times - post election - stock markets decline. Do you think the indecies will close higher than they opened this year ?
HK [email protected] 02:34 GMT October 2, 2004
Nouveau riche, meaning "new(ly) rich" in French, is a term describing persons who have quickly acquired great wealth which does not correspond to their humble social descent. Trying to buy their way into higher society, or to compensate for their inferiority complex or for past poverty, they would typically buy over-expensive and tasteless luxury items or otherwise show off their money. The opposite of nouveau riche would be the "old money" establishment, persons who have grown up in families or dynasties of the upper class, have enjoyed high-quality education and have a sense for subtlety in spending money.
So let us say that the invitation of China(Nouveau riche) by the G-7 (the old money), is equivalent behaviour to that of rich guys who want to lay down a nouveau rich lady by inviting her to scrub shoulders in a party of the rich and famous.
But according to my knowledge, that kind of a lady knows well
the value of her bottom and tend to use it efficiently to maximize her benefits.
"Respect love and titles is good but I need cash". is her answer.
GVI Jay 02:03 GMT October 2, 2004
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