Forex Forum Archive for 10/03/2004

Gen dk 23:58 GMT October 3, 2004 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

london 23:52 GMT October 3, 2004 Reply   
USD to rebound early in week, before settling into holding pattern before September payrolls Friday, G7 finance ministers left language on FX unchanged in statement
ABN AMRO

tk jf 23:51 GMT October 3, 2004 Reply   
Bahrain Within 10 Pips 22:47 GMT October 3, 2004
just like yr euraud trade - u will pay the price again

Bahrain Within 10 Pips 22:47 GMT October 3, 2004 Reply   
Cable is long on monday US Session...as far as the date model...maybe the best price is 1.7790...I think it wants to go back to 1.8120

Melbourne Qindex 22:22 GMT October 3, 2004 Reply   
AUD/USD : Current Comment.  Register with [email protected] if you have no access to my page.

Bahrain Within 10 Pips 22:14 GMT October 3, 2004 Reply   
the date model says that on the 5th should short chf around 1.2603...
I am not sure though

Bahrain Within 10 Pips 22:02 GMT October 3, 2004 Reply   
for example Cable has these dates
oct/10 and 23rd as the best entry for short

Ltn th 22:01 GMT October 3, 2004 Reply   
Would expect ANZ job ads to be soft because of election jitters. But may surprise? State labor govts also seem to be desparately trying to spend hoarded money, ironic?

Bahrain Within 10 Pips 21:55 GMT October 3, 2004 Reply   
Guys...I am not sure...over the last week...been working on on a model to tell me the date on which I have to make the trade...
I am Just stating what the date model is saying...so

Syd 21:47 GMT October 3, 2004 Reply   
Bahrain Within 10 Pips Saturday election 50-50 would be surprised .

Bahrain Within 10 Pips 21:47 GMT October 3, 2004 Reply   
UK
It's a real account.

Cairo... I think so too.

Bahrain Within 10 Pips 21:44 GMT October 3, 2004 Reply   
I think Aussie wants to rally again from here for a day or two

CAIRO AG 21:28 GMT October 3, 2004 Reply   
Bahrain// Everything is possible... probabilities are better for LONGS IMO, however as long as 0.6930-40 area holds well, than yes IT MIGHT GO UR WAY...

Have a good trading week...

GL

U.K. J.B. 21:28 GMT October 3, 2004 Reply   
Bahrain within 10 pips

I think you have picked a strange ccy pair , i personally dont think a gr8 deal is going to happen in eur/gbp, but looking at the short term charts i would rather be short than long.
Sorry to ask are you a live trader or demo ??

Philadelphia caba 21:26 GMT October 3, 2004 Reply   
I'm short @0.6850 & @0.6910

Bahrain Within 10 Pips 21:22 GMT October 3, 2004 Reply   
Does any agree about eur/GBP

Bahrain Within 10 Pips 21:17 GMT October 3, 2004 Reply   
I think Eur/GBP is a sell from now...MKT

U.K. J.B. 21:15 GMT October 3, 2004 Reply   
Medium term trade

Bought funds at 1.2630 tar. 1.3050 s/l 1.2550 Looking at monthly,weekly etc charts, show we are deeply oversold at current level not reached these levels for some time, recent IMM report showing record long positions, just feel the positive factor all priced in . Good r/r trade for me. Good night

Philadelphia caba 21:13 GMT October 3, 2004 Reply   
Bahrain Within 10 Pips 21:09 GMT October 3, 2004
Eur/Cable maybe at it's highest possible price for 10 weeks

Good evening, may I ask you on your view on EUR/GBP for this week? Thank you.

Bahrain Within 10 Pips 21:09 GMT October 3, 2004 Reply   
Eur/Cable maybe at it's highest possible price for 10 weeks

Singapore Sfx 20:44 GMT October 3, 2004 Reply   
Thanks J.B. - good luck.

U.K. J.B. 20:42 GMT October 3, 2004 Reply   
Singapore SFX

Target =1.8115 - 1.8150 As i mentioned on Friday good r/r trade in cable around the 1.7925 area

Singapore Sfx 20:37 GMT October 3, 2004 Reply   
J.B. - What kind of upside tgt wud u have on the stg pls? Tks .

U.K. J.B. 20:27 GMT October 3, 2004 Reply   
nyc jk

Sure , i think we all know the levels now for the ranges , i dont see to much happening until of course Friday re the NFP.
I am running small long in cable from Friday Fancy selling euro/yen around the 137.75 area GL

Helsinki iw 20:23 GMT October 3, 2004 Reply   
Quick observation post G7 with no real research to back it up for now, but the initial "relief" reaction is very muted. So if the USD doen´t trade firmer in short order I wouldn´t be surprsied to see it testing last weeks lows by NY hours. Then there wasn´t much of a scramble to sell USD pre G7, so to me the market didn´t really factor that in. The slightly weaker dollar of late is due to other factors. Back on European open, GL

nyc jk 20:20 GMT October 3, 2004 Reply   
thanks vm J.B. agreed that the G-7 looks like a non-event. I was also looking at the IMM data from the end of the week and the funds do look very frothy and overextended, although hasn't paid to be long lately but maybe some small contra trend positions warranted. I'll talk to you later gl.

Bahrain Within 10 Pips 20:18 GMT October 3, 2004 Reply   
Yen
High Low
111.12 109.76

Maybe.. ??

Bahrain Within 10 Pips 20:16 GMT October 3, 2004 Reply   
Eur
1.2469 1.2337
for today

U.K. J.B. 20:05 GMT October 3, 2004 Reply   
nyc jk

Well i am afraid to say ngh special coming out of the G7. So again back to playing the ranges. I think you may see a slightly firmer dollar. Re the lastest imm report where we see a record build up of long Cad $ contracts a long in dolls/cad looks favourable long stg/cad or even short cad/yen have a good week, my friend

nyc jk 20:00 GMT October 3, 2004 Reply   
J.B. - any early thoughts/bias this week?

U.K. J.B. 19:52 GMT October 3, 2004 Reply   
current opening prices

Eur 1.23 92/95 stg 1.79 71/74 cad 1.26 31/34 yen 110.71/74
Aud 72 22/27 Chf 1.25 13/18 GL

ATL MA 18:43 GMT October 3, 2004 Reply   
G7 non-event...nothing new, as suspected...possible dollars get bought in Asia...GL GT

Leskovac 17:35 GMT October 3, 2004 Reply   
Does anyone here use signals from these 2 sites

www.fxmaster.net

www.tapsep.com

Global-View QIndex Special 15:44 GMT October 3, 2004 Reply   

OFFER ENDS TODAY:

QINDEX SPECIAL - HALF PRICE

Sign up for QIndex for the rest of the year and pay only 1/2 price ($262.50). This is the last day this will be offered and you must sign up by the end of today to take advantage of it. Contact [email protected] to sign up.

quito_ecuador_valdez "mos-quito" 15:06 GMT October 3, 2004 Reply   
Global-View Research 15:09 GMT October 2, 2004
THANK YOU Global View for this valuable resource link you've put together! It should answer the many "What are your thoughts on (fill in the blank) ?" questions.

quito_ecuador_valdez "mos-quito" 14:51 GMT October 3, 2004 Reply   
I had a Russian lady friend some years back who's Russian acquaintance (& pelvic affiliate) would bring me a small bottle of REAL Russian vodka each trip he made to the motherland to bring back goods to sell in the states. It made Stolie taste like jet fuel it was SO GOOD. I savored it for 6 months knowing it would be 6 months 'til my next bottle & only consumed it ice cold (out of the freezer) in a special crystal shot glass she gave me. My exwife's exhusband has a nice apartment in St. Petersburg where he retired from the USA (prefers Russian ladies to gringas) & he likewise would bring me a small bottle now and then (we were great friends actually..the wife in common fell by the wayside where she belonged)

quito_ecuador_valdez "mos-quito" 14:36 GMT October 3, 2004 Reply   
True VV! You are a refined man of fine tastes. I'm looking for the pointed bottom lead crystal vodka shooter set which one places pointed side down (gravity demands this) in a half sphere mound of snow or fine shaved ice. There are some 12-24 shot glasses in each set. Consumption of the Russian nectar is accomplished by sitting relaxed with friends in front of a hard wood fire, imbibing the ice cold spirits at will. How am I doing, VV? As to caviar I'm uncouth...I spread cream cheese on a melba slice and top it with caviar.

If you have bank connections to mother Russia, see if you can find out what's happening with the CB and USD for me, i.e. their USD traffic. I hear Russia is dumping USD...what say?

VloridA VV 14:11 GMT October 3, 2004 Reply   
quito_ecuador_valdez
Comment : champagne is good with strawberries , Caviar should be consumed with Vodka. ;)
GT

quito_ecuador_valdez "mos-quito" 13:39 GMT October 3, 2004 Reply   
Sydney Alimin// The Euro hints at being bought in the EZ in exchange for USD (which is waning in popularity there). As to why I don't yet know but it may be connected somehow with the massive 2.6Bln USD dump last Thursday's NY session supposedly in the Mid East. More on this when I find out more. If anyone has hi level contacts with large EZ banks and exchange houses directly to ask about USD traffic-movement, that would help...post here please when you get any word.

As to the G7 comment that they don't like volitility, we've heard this complaint many times and it appears the mighty G7 honchos aren't mightier than FOREX. Each G7 caviar munching champaine slurping myocardial infarcted "leader" should make the following connections: brain-to-mouth-to-their-CB-& banking system if they want to "control" exchange rates. That would be a better approach than whining publicly since CBs and banks do control FOREX...certainly not us individual traders & money managers, although large funds seem to have entered FOREX the last couple years occupying some 30% of the action I'm told (new-news). But the banks still ARE FX, manipulate FX and gain from FX in an exceedingly big way.

Anyone want to comment please?

Mtl JP 12:21 GMT October 3, 2004 Reply   
Alimin 11:29 / Note from G7: "China's forex regime could change on certain conditions but we need to do more preparation" according to PBOC Governor Zhou. Otherwise the "masters of global economy" repeated their Dubai platitudes of rates reflecting economic fundamentals (as if they never did) and that they deem disorderly movements in exchange rates "undesirable".

Altho we may see a relief rally in the us dollar, suggest watching the usdx: seeing as usd is currently manifesting oversold levels, usdx will very likely suggest when the USD downtrend is set to resume on a more prolonged medium-term basis providing more confidence to sell USD into rallies.

Sydney Alimin 11:29 GMT October 3, 2004 Reply   
looks like almost everyone is bearish on usd, is there anyone that is still usd bullish care to share a view of why euro shouldn't trade much higher? i know interest rate's gap is narrower now but can that alone be dependable?

hk ab 11:15 GMT October 3, 2004 Reply   
A good TV programme on Beijing's/China's economy is broadcasting now.
Maybe it's time for us to alert a similar burst of the overheating situation in China which resembles the burst of DOWJ few years ago? JIMVHO......

GER ad 11:13 GMT October 3, 2004 Reply   
Usually the "weekend trading" doesn’t mean anything but there are some exceptions. Do will we open with a gap lower in USD/JPY? Any news?

london d 10:01 GMT October 3, 2004 Reply   
or something to that effect. Seems nothing new?

london d 10:00 GMT October 3, 2004 Reply   
G7 ' China to allow markets to decide fx rates'

Melbourne Qindex 08:32 GMT October 3, 2004 Reply   
USD/CHF : Current Comment.  Register with [email protected] if you have no access to my page.

london 06:37 GMT October 3, 2004 Reply   
IMM speculators - CFTC
Fri Oct 1, 2004 04:10 PM ET
CHICAGO, Oct 1 (Reuters) - Speculators in IMM yen futures added to a net short position in the week ended Sept. 28, data from the Commodity Futures Trading Commission showed on Friday
Yen futures traders grew the net short position to 22,203 contracts, its largest since March, from 9,357 contractsreported in the previous week.
IMM Canadian dollar futures grew a net long position to 46,756 contracts, its largest on record, from 39,399 reported a week earlier.
JAPANESE YEN (Contracts of 12,500,000 yen)
9/28/04 week 9/21/04 week
Long 10,277 7,666
Short 32,480 17,023
Net -22,203 -9,357

EURO (Contracts of 125,000 euros)
9/28/04 week 9/21/04 week
Long 36,015 32,698
Short 3,681 7,251
Net 32,334 25,447

POUND STERLING (Contracts of 62,000 pounds sterling)
9/28/04 week 9/21/04 week
Long 16,311 12,471
Short 8,495 6,469
Net 7,816 6,002

CANADIAN DOLLAR (Contracts of 100,000 Canadian dollars)
9/28/04 week 9/21/04 week
Long 52,716 44,615
Short 5,960 5,216
Net 46,756 39,399

AUSTRALIAN DOLLAR (Contracts of 100,000 Aussie dollars)
9/28/04 week 9/21/04 week
Long 10,783 6,972
Short 3,698 6,159
Net 7,085 813

ca fiboco 06:27 GMT October 3, 2004 Reply   
test

Melbourne Qindex 05:17 GMT October 3, 2004 Reply   
EUR/USD : Current Comment.  Register with [email protected] if you have no access to my page.

Singapore Sfx 02:24 GMT October 3, 2004 Reply   
10:56 GMT - Gotta love your sense of humour, forex gump ..