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Forex Forum Archive for 11/12/2004

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L.A. Igrok 23:55 GMT November 12, 2004 Reply   
There was (and still is) an obvious diamond like formation in progress building this week on some of the majors including EUR/USD, USD/CHF and USD/JPY. Not really a rocket science to identify and trade accordingly kicking the market between the borders. Especially today, when it has been perfectly confirmed earlier in NY session. The real challenge would be to define in advance whether it is going to be a continuation of a reversal pattern, but, most likely, it will also become obvious by the end of next Tuesday.

Texas(Jksn.) PNB 23:48 GMT November 12, 2004 Reply   
so gbpusd finally did close around 1.26X levels. gl everyone for next week. next week shall post if am taking a gbpusd short one-touch.

TIA:-)

Bruxville Jim 21:57 GMT November 12, 2004 Reply   
Valdez, who is Burro?

quito_ecuador_valdez 21:45 GMT November 12, 2004 Reply   
Spotforex NY 20:44 GMT November 12, 2004
for those who are overlevereged..it may be the rinse cycle they are experiencing......as they try to pick tops in the euro....

LOL.
Synopsis of this week:
1. 2 tails pinned on the donkey, 1,733 tails pinned on the wall.
2. Stop losses, bad trades and margin calls have had to have done (as you say) a rinse cycle on those who follow the mainstream. With their "systems" beeping and nudging them into financial holocost. ROFL.
3. US data..no go. Deficits..uh uh..scape goats, T/D effect wearing off. So what's it gonna do? One word: Bush. Bush wants cheaper USD..Fed lady spilled the beans in inference saying buck was way too strong. The USD will be where it should be. Not collapsing, attaining reality. Fancy lines and gizmos or not.
4. Tokyo IM has a nice neat cliff hanging USD to try to catch Monday's session. By NY we should either be sitting on a 1.3050 limb munching apples or back in the shade. Obviously one of the two. I have no idea...part of the suspense of FX.
5. Yassar Arafag laid (?) to rest, the royal guards moaned morned. Who's the top rag gonna be? They've really gotta do a big public figure macho man turn around after this act. Governor Arnold Schwartzfinger! (or maybe Elton John?) Too much for one week. Adios.
P.S. Burro just stuck his head in the window 5 minutes ago, watching the chart with me, I asked him "what-she-gonna-do?" Burro winked. I'll tell you what that means Monday PM

Via con dios amigos, que tengas un buena fin se semana.
(translation: Just twist againnnn... like we did last summer!)

Boston mpd004 21:04 GMT November 12, 2004 Reply   
c'ya GEP, great weekend I hope

Spotforex NY 21:03 GMT November 12, 2004 Reply   
BEIRUT MK

I would be happy to see you make money!!!!! I hope your gameplan unfolds!!!

just as I have posted many, many times....

"markets can remain 'irrational' longer than one can remain solvant"

The rule applys to either bullish or bearish markets.

Dallas GEP 21:01 GMT November 12, 2004 Reply   
Well today was marginal, yesterday was great tho so I will take it and smile. Have a great weekend guys!!!!

Halifax CB 21:01 GMT November 12, 2004 Reply   
NYC jk - never. I'd rather drink ripple!

Lagos 21:00 GMT November 12, 2004 Reply   
Anyone for shorting cable yet. goin goin ....

nyc jk 21:00 GMT November 12, 2004 Reply   
cb - hope not a bottle of "Jost " you referring to! gd w/e

Dallas GEP 21:00 GMT November 12, 2004 Reply   
Closed my gbp/usd short @ 1.8571 from 1.8569 for -2pips. HOWEVER I will leave the euro short OPEN

BEIRUT MK 21:00 GMT November 12, 2004 Reply   
spot. actually i could afford losses till eurusd hit 1.36
so, this is the game which one hits first: 1.2650 or 1.36..

Spotforex NY 20:59 GMT November 12, 2004 Reply   
Halifax CB - yes very good money can be made on the downside, no doubt about that!!!! Good job there!!!!

There will be corrections...especially as the verbal intervention phase gets even more vocal....

I just believe that the market wants top see WHERE the cebtral banks actually have that line in the sand..just just take thier 'word' on it.......volatility will increase going forward....

Cape Town 20:58 GMT November 12, 2004 Reply   
Look at the dollar as a ratio to its 200 daily moving average. When compared to previous bottoms, the ratio is still quite 'benign' when compared with previous values at those cycle bottoms. If historical patterns are to repeat, one might expect further dollar downside in the bigger picture.

hk revdax 20:58 GMT November 12, 2004 Reply   
EU ZORRO 20:51 //there is a difference between 'a' top and 'the' top.

Spotforex NY 20:56 GMT November 12, 2004 Reply   
BEIRUT MK 20:52

There were some very bullish euro posters back in mid 2001 and early 2002. I was on the original euro launch in July 2001 around the 86 area....and targeted parity back then and then 1.10 shortly there after....zorro has been on board forever ....

Lagos 20:54 GMT November 12, 2004 Reply   
Do i sense a head and shoulders breakdown in the cable somebody?

Rye, NY et 20:53 GMT November 12, 2004 Reply   
BEIRUT MK 20:52 GMT November 12, 2004
And all it took was 6 yards...

Halifax CB 20:52 GMT November 12, 2004 Reply   
Well Spot, laugh it ya want, but the last half hour or so of top picking in Euro just made for a *really* nice bottle of wine tonight. Maybe even the kind that's fancy enough to not even need a bit of cork to keep it closed, but a real live screw top :)

Lagos 20:52 GMT November 12, 2004 Reply   
Zorro. Have a 'nice' weekend

BEIRUT MK 20:52 GMT November 12, 2004 Reply   
i remember when eurusd was at 0.82 all claims that
it will go to the 75xx

also when usdjpy was at 101xx all were looking for 90s

EU ZORRO 20:51 GMT November 12, 2004 Reply   
Hi Spot...

...Don't believe is this story of "Top"......especialy in EURO

Spotforex NY 20:49 GMT November 12, 2004 Reply   
Touche Zorro!!!!!

EU ZORRO 20:48 GMT November 12, 2004 Reply   

...IMO...NO medium/long term top in place.....!!!!

...1,28...and 1,25 is where everybody want to buy...

..1,35 soon....

nice weekend all...

london mamun 20:47 GMT November 12, 2004 Reply   
sell eur- us 1.2980 target 1.2830

Lagos 20:47 GMT November 12, 2004 Reply   
We'll see

Spotforex NY 20:44 GMT November 12, 2004 Reply   
for those who are overlevereged..it may be the rinse cycle they are experiencing......as they try to pick tops in the euro....

Lagos 20:44 GMT November 12, 2004 Reply   
Boston mpd004 20:37 GMT November 12, 2004
Theres 2 of us. I'm short Eur/$ and closing shop.

jkt-aye 20:43 GMT November 12, 2004 Reply   
Hi Revdax. I take it as a "special" offer for me.

hk revdax 20:41 GMT November 12, 2004 Reply   
Regardless of the spike, Nov 12 still marks 'a' cycle top of Euro....imo

BEIRUT MK 20:41 GMT November 12, 2004 Reply   
i think i am crazy, but who knows, sometimes
crazy people wins..!!

BEIRUT MK 20:39 GMT November 12, 2004 Reply   
still hold short gbpjpy at 195.23
add small at 196.10
stop all 198 target 191

think that gbpjpy made a false break to the upside

also short eurusd at 1.2977 target 1.2650

Boston mpd004 20:37 GMT November 12, 2004 Reply   
Am I the only one who feels friday p.m. is a big blowout? meaning Friday p.m. is the icepick in the adrenilne ballon? Well, lets hope sun/mon brings good trades!

Boston mpd004 20:27 GMT November 12, 2004 Reply   
Oh, for a minute there, I thought you were seruous...Thanks for clearing that up for me and...GT

Halifax CB 20:26 GMT November 12, 2004 Reply   
Quite agree valdez; a reasonably quick fall in the dollar is what the US needs. I don't know why people want their currencies to be "strong", maybe it's just a macho thing. My $ is bigger than yours. Me, I'm more than happy with 'stable'....

quito_ecuador_valdez 20:23 GMT November 12, 2004 Reply   
Boston, of course not..was only joking. Humm..question is what-she-gonna-do? Left hanging like a soap opra. Valdez does know it's another knock at the door of 1.30. I'm getting tired of ECB's saber rattling. When I was a kid I used to scrap a lot after school and when someone mouthed off continuously all day long in class about how they could punch me out...I simply punched the punk without saying a word. Moral: he who talks loudest looses fight. I think Trichet is a punk. Bush is silently going about business..last term in office, he can get forgiveness a lot easier than he can get permission. If Bush even hints at lower USD, as he just did, believe the man. He's trying to tell you something. There is nothing wrong with a 1.35 USD. Or 1.50 for that matter. I hate scaredy cats.

Boston mpd004 20:16 GMT November 12, 2004 Reply   
Valdez//you really think that'll go to 1.27xx?

quito_ecuador_valdez 20:02 GMT November 12, 2004 Reply   
Of course now that my bank FX office is closed I can't buy Euros (or Cheezits or anything) "AA" willl short to 1.27 & jet right back up to 1.30 before FX office opens at Mon 0930.

Halifax CB 19:52 GMT November 12, 2004 Reply   
Thanks again AGuy & Jim.

quito_ecuador_valdez 19:48 GMT November 12, 2004 Reply   
Lagos 19:43 GMT November 12, 2004// I vote no. And if they waited to 1.34+ THEN tried, they'd have to print so many sheckles they would destroy the pulp wood forrests in the hinterland. IF ECB & co even -try- to touch this, I know a secret. Lock and load.

SanFrancisco TG 19:46 GMT November 12, 2004 Reply   
430 of the 500 (S&P500) stocks were bought today. I thought the US economy was supposedly on the ropes according to some?

Stockholm AGuy 19:46 GMT November 12, 2004 Reply   
Halifax CB 19:41 GMT:

Can't say I do, but I still look at Sornette's monthly stock market projection updates now and then.

Lagos 19:43 GMT November 12, 2004 Reply   
Do you guys actually think the ECB would interfere with this 1.3 peak on the eur/$?

quito_ecuador_valdez 19:43 GMT November 12, 2004 Reply   
Bruxville Jim// All trading is range trading. Depends on how far you go back to call it "range". Strange? Let's change. Say we have a shoot waaaaaay down to 0.90 €/$ right now. Is that range? Yes. Why? It WAS at 90 cents. Once. That's range baby. Big honkin' range but it's range. If it went to 0.50, that's new territory. Out of range but yet NOW RANGE. Get me here Merv? I don't take stock in so called "range trading" because there simply is no such concept..only on the lips of folks who have to tag everything with nomenclature to make them feel accomplished. No offence, I use the term too when I have to talk to surface feeders.

You mentioned my other "rules". If you'd like my rules for entry, exit, stops & limits, buy & sell orders & such I'd be happy to discuss them with you over a beverage of my choice at my favorite pub...you pay. OK? GT.

By the way some time ago I was looking over the shoulder and watching a dear friend who is a stock trading "pro" and observing his "system". It was his 2nd "system" and it seemed to me at the time expensive (over $1k). He installed it on my computer as well and asked me to explain how it worked thinking I've been in stocks so long I MUST know. I was at a loss as to how such contraptions actually make money but he swore they did. Fine. I tinkered with it endlessly as we whiled a rainy Sunday away together figuring out that Scotch was a wonderful topping for ice. I asked him what his first system was..he wouldn't say and sort of ducked. Then, Jim, he asked me what I used. I replied, "Nuthin'." I asked my gramps a similar question many years ago. I have to say I copied the man's style.

Nuff said? Fancy stuff and I don't get along. Frankly I'm scared of systems. I'm sure some jack leg has a winninng streak with them but fine, that's him. If I can't use my noggin and can't read a series of history charts, the news, make a few calls etc. and come up with a 2 month plan, then I should not be trading. Maybe baseball cards. Again, no offense; you ask a Sagitarian (especially an old one) a question, beware of the answer.

That's why I can't day trade and that's why I need to talk to GEP. (Valdez goes for the door before a bottle hits him)

Bruxville Jim 19:41 GMT November 12, 2004 Reply   
Stockholm AGuy 19:27 GMT// Just type 'Sornette' in 'comment'. A more complete list should pop up...

Halifax CB 19:41 GMT November 12, 2004 Reply   
AGuy - thanks! You are running about a year ahead of me on this. The idea looks interesting - are you still using it?

Boston mpd004 19:39 GMT November 12, 2004 Reply   
Snowing here in beantown, good gosh, and before Thanksgiving. Bad winter coming...

London Zappy 19:34 GMT November 12, 2004 Reply   
//Valdez, You're the Joaquín Cortés of FX!!! ;)

Bruxville Jim 19:34 GMT November 12, 2004 Reply   
Can't resist to mention that, visually, this 1.2000 -> 1.3000 EUR/USD thing seems so similar to 1.3000 -> 1.4000 USD/CAD ride earlier this year. I guess I don't have to explain how the latter ended up... FWIW. Those daily charts are so entertaining:)

Rivonia PipPirate 19:31 GMT November 12, 2004 Reply   
Bruxville Jim 19:20 GMT You might want to add "Cold pressed Extra Virgin traders" gl

London Zappy 19:30 GMT November 12, 2004 Reply   
//Boston mpd004
lol, and more Lol

Boston mpd004 19:29 GMT November 12, 2004 Reply   
Valdez//
Buxom young stewardess in mini uniform checks & rechecks Valdez's seatbelt (gasp) very very thoroughly in last seat in back of plane.

Yup, you're 58. Thats about when it's starts!

Chicago Irish 19:27 GMT November 12, 2004 Reply   
Or...they may return to the airport and arrest the lecher in cabin class.

Stockholm AGuy 19:27 GMT November 12, 2004 Reply   
Halifax CB 19:22 GMT:

CB, go to archive, do a search on City = Stockholm, Initials = AGuy, Comment = Sornette. You may find it interesting.

Rye, NY et 19:27 GMT November 12, 2004 Reply   
Rye, NY et 19:55 GMT November 5, 2004
Short EUR/USD 1.2944; cut 1.3027;take 1.2585
Add:Short EUR/USD 1.2971; cut 1.3027;take 1.2585

Add:Short EUR/USD 1.2986; cut 1.3027;take 1.2585

quito_ecuador_valdez 19:25 GMT November 12, 2004 Reply   
Let's call €/$ "American Airlines" today. It flys the friendly FX skies. Or just "AA". Buxom young stewardess in mini uniform checks & rechecks Valdez's seatbelt (gasp) very very thoroughly in last seat in back of plane. (grown) Nice rideup. Or nice ride up. €/$ of course. Only minutes to hit the peak trajectory. Can she €/$ do it?

Halifax CB 19:22 GMT November 12, 2004 Reply   
I guess my big question is when are they going to push EURUSD over 1.30, and CAD below 1.19? My guess is Sunday night/Monday, then it'll be a done deal by Monday morning (which is, of course, just random guessing). But I'm going to spend the weekend (well, part of it :) with a book called "Why Stock Markets Crash", which appears to basically boil down to a couple of fairly simple equations...Which I'll then see if I can apply to 4x, since it seems to simply lurch from one crash to the next, in varying directions..

London Zappy 19:21 GMT November 12, 2004 Reply   
I have to work next week so can not play, as watching the charts and reading the forum consume the whole of my time - I'm addicted. FWIW, I feel that USD haemorrhage is not going to be stemmed by any number of CBs working jointly or severally. The USD is in deficit mode. - Its the imbalances stupid - Look at the $/chf chart - it's like watching the water level in a leaking bucket. I think that although speculators may be adding volatility and volume, the background is a gradual decline in the over printed dollar. If CBs get involved, they will only add to the volatility, which is the very thing they are upset about. Over time, their' interventions will be seen as no more than noise in the system.

Bruxville Jim 19:20 GMT November 12, 2004 Reply   
"virgin traders" LOL
Gotta add this financial term to my trader's vocabulary:))

Bruxville Jim 19:16 GMT November 12, 2004 Reply   
Valdez, your rules leave much room for discretion in exact entries, exits, stops, trailing stops, position sizing, adding to positions, etc etc.
BTW, do your rules work in range trading?

Miami OMIL (/;-> 19:15 GMT November 12, 2004 Reply   
The eur/usd bulls are on the loose again seems they come out on Fridays to sacrifice a couple of virgin traders. The bulls are intent to run through the resistance once more but time is running out on them (broken record) before a much needed correction to this latest move on the bull trend IMHO. I hope everyone has a good a safe weekend. See you on the other side. GL GT

Boston mpd004 19:13 GMT November 12, 2004 Reply   
Although I made 27 pips on shorting e/c, I played it very badly today...:o(

Boston mpd004 19:10 GMT November 12, 2004 Reply   
Valdez//you may be crowned king of the traders yet. Looking good re: your predictions

Bruxville Jim 19:10 GMT November 12, 2004 Reply   
Swissy just made a fresh low for the year...

quito_ecuador_valdez 19:09 GMT November 12, 2004 Reply   
Valdez's rule #2. Always long a longing chart. Always short a shorting chart.
Valdez's rule #3. Obey rules #1 & #2.

Dallas GEP 19:09 GMT November 12, 2004 Reply   
ON that usd/chf long 10 more pips MIGHT hold it in

quito_ecuador_valdez 19:07 GMT November 12, 2004 Reply   
Halifax//understand perfectly..thanx!! Fits my famous freeking model.

Dallas GEP 18:46 GMT November 12, 2004
And if it punches thru like a .223 through cheeze then...
Back to Valdez's rule #1. Fasten seatbelts sign is on, Valdez returns to his seat to sip warm Coke from a plastic glass with a human hair in it.

Bruxville Jim 19:05 GMT November 12, 2004 Reply   
I don't expect much action for the remainder of today. Maybe some stops collecting till 1.3000 to meet sellers up there. Dips should be contained by 1.2960 by today's close. If it's a small position just close it out with profits and go out to have some fun.

Boston mpd004 18:59 GMT November 12, 2004 Reply   
Things were easier when the earth used to be flat...


That's funny stuff :o)

London Zappy 18:54 GMT November 12, 2004 Reply   
Things were easier when the earth used to be flat...

Bruxville Jim 18:52 GMT November 12, 2004 Reply   
Zappy, probably you didn't switch back to your local time zone after your recent business trip to NY:)

London Zappy 18:52 GMT November 12, 2004 Reply   
Cheers, I saw a post earlier, I saw 14.45 es - misstook it for Eastern Standard time, silly me. I'm just wondering when to close my long E/$ option. Steam gone for today?

JHB JW 18:48 GMT November 12, 2004 Reply   
london zappy, I don't think you should be trading

Bruxville Jim 18:48 GMT November 12, 2004 Reply   
London Zappy 18:44 GMT November 12, 2004
Univ. of Mich. in 1 hour?
// No. Your watch is some 5 hrs late btw.

Dallas GEP 18:46 GMT November 12, 2004 Reply   
YEp Jim this 80/85 level is the big test right now. No jump over and we got some shorts that will be in play for sure or maybe squaring out. WILL SEE

berlin otto 18:46 GMT November 12, 2004 Reply   
Ok, tks Gep
USD/CHF BUY STOPLOSS 20pips limit 1,1800

Halifax CB 18:44 GMT November 12, 2004 Reply   
Valdez et al. Just found my bifocals; if you'd like me to translate that recent near-gibberish of mine into english, let me know :) But in the meantime, just assume it's all planned....

London Zappy 18:44 GMT November 12, 2004 Reply   
Univ. of Mich. in 1 hour?

Bruxville Jim 18:39 GMT November 12, 2004 Reply   
tick, tick ,tick, tick... so where do you want to go today? Can't jump over this small 1.2980/85 hurdle? Show some masculinity... OR GO AWAY!

Halifax CB 18:36 GMT November 12, 2004 Reply   
Vladez - go with your idea that this is planned; ever USD cross except JPY is trfing at the bottom of the USD range right now, which fits in with the thesis that Japan is interested in keeping it's money (relatively) stable w/r to the US, bt would like to see the Euro inparticular get very expensive. It's the next great market for their goods, and the US could do with a little relief from having to support the rest of the world through their consumption. They certainly have the currency reserves to do this, and if the analysis I saw last week was correct (that the Asian CB's are getting into the US stock market), you can expect the Euro to go up, and the USD to go down, and stocks to continue to improve. (Though, FWIW, I've got a small short on the Euro I just took a few minuites ago, but that's an end of the day gambling money sort of thing, not an intelligent trade).

Dallas GEP 18:35 GMT November 12, 2004 Reply   
OTTO, YEP I would try with 20 pip stop

berlin otto 18:33 GMT November 12, 2004 Reply   
Is now time to buy usd/chf? What is your opinion?

Bruxville Jim 18:31 GMT November 12, 2004 Reply   
Probably the decision will be: indecision.

Valdez, what if a rising chart in two timeframes is actually a falling chart in three other timeframes? No trades then at all? Just probing...

LDN LDN 18:30 GMT November 12, 2004 Reply   
EU/US Corrective Window Open

Bruxville Jim 18:27 GMT November 12, 2004 Reply   
The chart has a couple of minutes to decide on direction...

quito_ecuador_valdez 18:26 GMT November 12, 2004 Reply   
Valdez's Rule #1. Never short a rising chart. (Never long a falling chart). 1.2940 would be my first hard proof of short on a day like today with trading session on last hours...it would take at this rate 1-1.5 hours to attain 1.2940...nearing NY close. Bad.

quito_ecuador_valdez 18:17 GMT November 12, 2004 Reply   
2nd punch thrown...5 min day chart resembles MM..supposedly it's a double top...is this a short or an abort? (thousands of weary eyes hope for 70 pips).

Dallas GEP 18:17 GMT November 12, 2004 Reply   
OK Valdez!!! Stop on gbp short really neeeds to be 1.8617. Don't think there is a chance in Hellll of hitting that TODAY

quito_ecuador_valdez 18:09 GMT November 12, 2004 Reply   
GEP// after BBQ Sunday or when you get a break, throw an email down the tube at: my yahoo. Need to discuss b'ness...& not turbo'd mach 5 motorcycles. ;^] TIA.

quito_ecuador_valdez 18:02 GMT November 12, 2004 Reply   
humm..1st sucker punch thrown, burried @ 1.2960..couple hours 'til NY close by my $9 Timex..exit door$ eyed by a few $ holders..this half-spike isn't like 11/10..totally different structure..11/10 inched up, fell, inched up, fell..this just went smoothly up after of course the standard stop hunt (to 1.2873). Planned.

MEDAN FATGUY 17:54 GMT November 12, 2004 Reply   
Dallas GEP 17:51 GMT November 12, 2004
What stops u place for short gbp n euro, Sir?

TIA

Bruxville Jim 17:53 GMT November 12, 2004 Reply   
FYI: Current prices:
Gold: 437.4 (easing a bit)
Dow: 10488
Oil: 47.40 (down from 48.00 today's highs an hour os so ago)

Dallas GEP 17:51 GMT November 12, 2004 Reply   
Target GBP/USD short 1.8520

Dallas GEP 17:50 GMT November 12, 2004 Reply   
Shorted EUR/USD @ 1.2964

quito_ecuador_valdez 17:44 GMT November 12, 2004 Reply   
I hope this shorts to hades..I WANT cheaper Euros today. (Valdez prays at the alter of the Church of the Holy Makeral, FDIC) My butt "kicking machine" is worn out from 1.25.

LA Fxnew 17:41 GMT November 12, 2004 Reply   
GEp:

whats ur target on cable short?

quito_ecuador_valdez 17:38 GMT November 12, 2004 Reply   
Jim//Tks for the post. Possibly, like I said, this is a sucker punch to make it LOOK LIKE it's time to sell Euro. Ordinarily I would but am holding off for the big scramble later.

It would please you to know that the latest info I got said the USD was backed by exactly 7.8 cents in precious metals. Pretty fiat. Been going down and down since the 60s when silver was taken out. JFK wanted (against his dad's warnings) to retain silver & go back on the gold standard..only thinking of his country..forgive him...fought city hall, that's the end of that. Bye. Big big big money, bigger than the Kennedys wasn't going to budge. Makes you think...just quoting history amigos.

Dallas GEP 17:34 GMT November 12, 2004 Reply   
YEP Jim I agree Euro is struggling to avoid a sell signal @ 1.2980. GBP also looks to do same thing but not quite as strong @ 1.8570

Bruxville Jim 17:31 GMT November 12, 2004 Reply   
Valdez - ""hopes and prayers" for retraces will be vanquished by the printing presses of the U.S. Treasury"//
Maybe, but I guess they have been doing printing for ages - not a latest phenomenon...

BTW, Euro is struggling to avoid a sell signal in my system...

Dallas GEP 17:24 GMT November 12, 2004 Reply   
Have a short now on GBP/USD 1.8569

Bahrain Within 10 Pips 17:24 GMT November 12, 2004 Reply   
Gep...I will fix the levels next week...
I think I know why I was out a little..
Bye

quito_ecuador_valdez 17:21 GMT November 12, 2004 Reply   
toronto Dr Unken Katt 16:46 GMT November 12, 2004
Have another cocktail amigo (mix one for me 2). 11/10 saw the same thing..but it happened in the AM when the mkt was full of spunk..went to 3003 on my chart. Dunno about today..past noon in NY..last day of week..uh, may peter out at the plateau to give Monday something to chew on. Like I said, this is a mini action to test the doorsteps again at 1.30. Been a few tests lately! Eventually the psycho barrier of 1.30 will give in under pressure..barriers always do; Trichet jawboning, media hype, "hopes and prayers" for retraces will be vanquished by the printing presses of the U.S. Treasury..they've got lots & lots of ink & paper & trucks to haul away the loot. Persistance amigos, persistance. I'd stay away from E/$ day trades right now, see safer pairs out there. This could be (could very well be) a sucker punch just to top off the week with an anticipated (horrible word in FX) false 1.2900 mini short coming. Don't short 'til/unless you see real firm down action.

hk ab 17:18 GMT November 12, 2004 Reply   
eurgbp can't close above 0.7 weekly and daily?

Bahrain Within 10 Pips 17:13 GMT November 12, 2004 Reply   
maybe a reversale point here

Bahrain Within 10 Pips 17:11 GMT November 12, 2004 Reply   
Thanks Dudes

Helsinki iw 17:07 GMT November 12, 2004 Reply   
If the seller(s) at 1,3000 aren´t there anymore, expect added momentum. The USD looks sick ag JPY and especially CHF as well. Friday night so the direction is probably there for the remainder of the day. IMHO

Dallas GEP 17:07 GMT November 12, 2004 Reply   
YEP BAHRAIN, very nice on GBP

Dallas GEP 17:04 GMT November 12, 2004 Reply   
Well eur.gbp long trade was very good. GBP/USD short trade was NOT!!! LOL USD/JPY broke 105.50 support and will try 105.30 it seems

Bruxville Jim 17:03 GMT November 12, 2004 Reply   
Bahrain, congrats with reaching your Cable TP... nice job

Dallas GEP 17:01 GMT November 12, 2004 Reply   
Nope stopped out on 1.8491 sets.....will short more gbp here soon

Dallas GEP 17:00 GMT November 12, 2004 Reply   
105.18

Bahrain Within 10 Pips 17:00 GMT November 12, 2004 Reply   
HK Kevin 16:52 GMT November 12, 2004
///
That's what I have in Mind...The same but not doing it fast enough.
Thanks Kevin

I Updated this page
http://kalzayani.freewebsites.com
with details stop..etc

Bruxville Jim 16:59 GMT November 12, 2004 Reply   
GEP, still sitting on your Cable shorts?

Philadelphia Caba 16:58 GMT November 12, 2004 Reply   
Dallas GEP 16:45 GMT November 12, 2004
Long USD/JPY at 105.58

GEP, may I ask you on your s/l? Thanks.

Bahrain Within 10 Pips 16:54 GMT November 12, 2004 Reply   
I think these levels are better
Currency Short Long
EURUSD 1.3074 1.2858
USDJPY 110.0417 105.6412
GBPUSD 1.8556 1.8233
USDCHF 1.1855 1.1653
EURCHF 1.5228 1.5119
AUDUSD 0.7779 0.7610
USDCAD 1.2006 1.1873
NZDUSD 0.7059 0.6833
EURGBP 0.7091 0.6990
EURJPY 141.3642 136.5167
GBPJPY 198.5754 193.7822
CHFJPY 93.3556 89.8289
GBPCHF 2.1821 2.1431
EURAUD 1.6973 1.6750
EURCAD 1.5521 1.5305
AUDCAD 0.9286 0.9087
AUDJPY 83.4228 80.9941

HK Kevin 16:52 GMT November 12, 2004 Reply   
Bahrain Within 10 Pips 16:42 GMT, me too at 105.62, stop under 104.79. No target yet, but possibly around 107.50.

toronto Dr Unken Katt 16:46 GMT November 12, 2004 Reply   
euro is goinh for 2980 ,
diamont -like shape will create and reverses

quito_ecuador_valdez 16:46 GMT November 12, 2004 Reply   
So what do the Jihads boys do now..kidnap the corpse and behead it and throw it(them) in the desert for the coalition to come across? A guard pokin' guy for a leader...LOFL. This is one sad ending for the 'rabs. What about the guy's white wife..uh..black masks and whip discipline freak? Too much. More interesting since all this Yaw-sah Arafag very very old news has rebroken, is what they're gonna do now. Hopefully some sanity leaks in from a crevice in the adobe and infects them with wisdom, preferably a human being and not KGB trained but staight as a preacher's pencil. The Arab world lacks respect...this could be a turn around if they just THINK.

I see hopes of cheap Euros has been doused again. I hate to be right when it costs me money...Valdez's support line held..I was salivating for 1.28 to make up for stupidity for not hogging at 1.25. My triangle restance however is badly punctured meaning to me we may see today (my earliest date) another mini up trend to engulf the bulls next week. But who listens to me? Corral time for bull$. Branding next. Then it's prime rib for lunch in my favorite restaurant, address: 1.32 Money Street. Hello!

Bruxville Jim 16:45 GMT November 12, 2004 Reply   
Bahrain// I guess you mean longing dollar versus yen?

Dallas GEP 16:45 GMT November 12, 2004 Reply   
Long USD/JPY at 105.58

Bahrain Within 10 Pips 16:42 GMT November 12, 2004 Reply   
anyone longed Yen?
if so ..
U think it will go up fast enought?

Global-View 16:40 GMT November 12, 2004 Reply   
dxb. Please use a recognizable location. TIA

dxb start_raider 16:39 GMT November 12, 2004 Reply   
Stockholm AGuy 16:35
today you sell euro.

Bruxville Jim 16:38 GMT November 12, 2004 Reply   
Gold 438.5
Dow 10480
Oil 47.90

Bahrain Within 10 Pips 16:38 GMT November 12, 2004 Reply   
EURUSD 1.3074 1.2858

van Gecko 16:37 GMT November 12, 2004 Reply   
sorry sydney.. don't have your 18 months farsight..;) that said, you are with the trend.. just stay happy till it ends..

Bahrain Within 10 Pips 16:37 GMT November 12, 2004 Reply   
Bruxville Jim 16:34 GMT November 12, 2004
Bahrain - TP or fresh short there?

PT for sure
I think can short for little pips

Ldn 16:35 GMT November 12, 2004 Reply   
Yen and Euro - Growth Contracts all Over
http://biz.yahoo.com/censored/041112/1100259135_28013_1.html

Bruxville Jim 16:34 GMT November 12, 2004 Reply   
Bahrain - TP or fresh short there?

Bahrain Within 10 Pips 16:31 GMT November 12, 2004 Reply   
Cable 1.8556

Bruxville Jim 16:28 GMT November 12, 2004 Reply   
Vilnius Val 16:13 GMT "Close about 12940 after travel near 13000"// I suspect a similar path...

Sydney gvm 16:26 GMT November 12, 2004 Reply   
Gecko - me still short DXZ4 @ 88.03 - whaddya reckon? 78 or 51 low in the next 18 months??

Sydney gvm 16:21 GMT November 12, 2004 Reply   
GCZ4 438.40

Must admit I am of the Austrian economics crowd that doesnt buy this US economic recovery one bit. Debt is debt - you cant pay it off? Value? Buy bonds/dollars? Ya gotta be kiddin !

van Gecko 16:18 GMT November 12, 2004 Reply   
sorry sa not on $/yen..

Bruxville Jim 16:15 GMT November 12, 2004 Reply   
Salem// :) No, 0.5 votes from Viies (he didn't vote explicitly). OK, make it 2 votes for <1.2900.

slv sam 16:15 GMT November 12, 2004 Reply   
Sydney gvm 16:08 GMT /
wait a little!

Sydney gvm 16:15 GMT November 12, 2004 Reply   
Gold Coast - one has to remain consistant dont you think?
If you had seen me on the golf course this afternoon you would SELL dollars NOW

Dallas GEP 16:14 GMT November 12, 2004 Reply   
Out +15 on eur/gbp longs

nyc sa 16:14 GMT November 12, 2004 Reply   
Gecko ,are u longing $/yen ?if yes , what is ur entry point and target ?

Bruxville Jim 16:13 GMT November 12, 2004 Reply   
Current prices:
Gold: 437.8 (kissing historical highs)
Dow: 10485 (staying firm)
US oil: 47.75 (neutral)

Vilnius Val 16:13 GMT November 12, 2004 Reply   
Range trading, buy dips and sell highs, dont try to find direction. Close about 12940 after travel near 13000

gold coast martin 16:12 GMT November 12, 2004 Reply   
Sydney gvm 16:08 GMT November 12, 2004
lol....Love the commentary every friday gvm...i wish you are like that everyday....but then that would not be good for the liver!!!...g/t

van Gecko 16:11 GMT November 12, 2004 Reply   
Kevin.. if dollaryen below 110 is a good buy then below 106 must be a vely good buy for the m/t..

Dubai Salem 16:10 GMT November 12, 2004 Reply   
1.5 votes for <1.2900

it means iam half man

Sydney gvm 16:08 GMT November 12, 2004 Reply   
holdin' dollars?

You are LONG and WRONG

Bruxville Jim 16:08 GMT November 12, 2004 Reply   
Update:
4 votes for 1.2940+
2 votes for 1.2900-1.2940
1.5 votes for <1.2900

Meanwhile, a tough fight among market forces goes on.
Euro sellers ask for a small premium for their services:)

Sydney gvm 16:06 GMT November 12, 2004 Reply   
sell dollars
Sell ya mother

Sydney gvm 16:04 GMT November 12, 2004 Reply   
Dollar Index looks like censored on a stick

PAR 16:02 GMT November 12, 2004 Reply   
US banks protecting their capital by selling dollars.

AKL S.C. 16:02 GMT November 12, 2004 Reply   
1st win

Sydney gvm 16:02 GMT November 12, 2004 Reply   
1.3035 Euro close
1.1645 Swissy close

NY time zone

Bruxville Jim 15:57 GMT November 12, 2004 Reply   
Current results:
1) 1.2940+ 3 votes
2) 1.2900-1.2940 1 vote
3) <1.2900 1 vote (and Viies as well I guess)

Let the market judge this:)

HK Kevin 15:56 GMT November 12, 2004 Reply   
van Gecko 15:43 GMT, have closed my short EUR position from 1.2906 last night at 1.2888 before the Michigan figure. Any clue on the Geisha?

Warsaw mach 15:55 GMT November 12, 2004 Reply   
I think close even above 1.2980/1.30 is possible but I stand aside because I still don't get the deficit story.

The same strory was one year ago, than market switched to negative interest rate spread and now the deficit is the main story again. What will come next??? ...........I wish it is GDP!

River Falls_USA_ PB 15:55 GMT November 12, 2004 Reply   
SURVEY: 1.2900-1.2940

Sydney gvm 15:53 GMT November 12, 2004 Reply   
Tallinn viies 15:23 GMT November 12, 2004
probably dive not high is next direction.

I wouldnt be suprised to see 1,2785 today


mate - stop out now

KL KL 15:52 GMT November 12, 2004 Reply   
short gbpusd 1.8510 last bullet left....no eye see going to sleep

Dubai Salem 15:50 GMT November 12, 2004 Reply   
SURVEY
mrkt is closing below 129.00

PAR 15:45 GMT November 12, 2004 Reply   
Instead of buying dollars and US treasuries BOJ is this time buying commodities.

van Gecko 15:43 GMT November 12, 2004 Reply   
any close below 1.31 is a s/t failure for the predators..
1.2750 is a vely good intermediate attractor..

Bruxville Jim 15:34 GMT November 12, 2004 Reply   
Salem & Gotin// Talliinn has 2n's in it... Just checkin'

San Diego DC 15:33 GMT November 12, 2004 Reply   
First option

AKL S.C. 15:33 GMT November 12, 2004 Reply   
2,just right above1.2910

London Tokky 15:32 GMT November 12, 2004 Reply   
first option

Dallas GEP 15:32 GMT November 12, 2004 Reply   
Longed eur/gbp @ 6985

KL KL 15:31 GMT November 12, 2004 Reply   
out eur long +3

Bruxville Jim 15:30 GMT November 12, 2004 Reply   
Viies, are you serious? What's the catch to go down there?

Weekly close should be important - above 1.2940 vs. below 1.2900.

Survey - will this week close at:
1) Above 1.2940
2) 1.2900-40
3) Below 1.2900?

Let me vote for the first option.

Dubai salem 15:27 GMT November 12, 2004 Reply   
Tallin, i doubt 12785

Plovdiv Gotin 15:27 GMT November 12, 2004 Reply   
Tallin/ and 1.3035?

KL KL 15:26 GMT November 12, 2004 Reply   
long eurusd 1.2920

knoxville dan-k 15:26 GMT November 12, 2004 Reply   
usd/jpy pretty much formed a perfect head and sholders pattern over the past 3 days on a 4 hour chart

melbourne farmacia 15:26 GMT November 12, 2004 Reply   
Cable finality covered her minimum daily range – 1.8526 intraday fibo still valid.

Tallinn viies 15:23 GMT November 12, 2004 Reply   
probably dive not high is next direction.

I wouldnt be suprised to see 1,2785 today

Hong Kong Qindex 15:22 GMT November 12, 2004 Reply   
USD/JPY : It doesn't look good at all. The market is trading outside the normal trading range of my daily cycle.

LDN LDN 15:18 GMT November 12, 2004 Reply   
Dollar Bears are on a mission

Dallas GEP 15:17 GMT November 12, 2004 Reply   
KL what do you mean "chewing your tail????" LOL

hk ab 15:15 GMT November 12, 2004 Reply   
short some gbp 1.8497 here.

GA TJ 15:15 GMT November 12, 2004 Reply   
River Falls_USA_ PB 14:58 GMT November 12, 2004

I am going with the second choice. data does not seem to be the focus.

van Gecko 15:14 GMT November 12, 2004 Reply   
HK [email protected] 14:57.. those s/t predators must had realized that its a 'do or dive' week here.. its either 1.30+ or back to 1.27- as oppose to last week, each pips gets harder as the oxygen gets thinner up here..


hk ab 15:14 GMT November 12, 2004 Reply   
nt//any interest to load up dlr/jpy longs again?

LDN LDN 15:12 GMT November 12, 2004 Reply   
Recently saw a report on Hedge Funds now moving into FX due to lack of liquidity in Equities - problem is with them they never know when enough is enough squeezing the very last drop, exactly why so many go bust

KL KL 15:12 GMT November 12, 2004 Reply   
GEP chewing your tail

KL KL 15:08 GMT November 12, 2004 Reply   
ok thats it I am out for the day...too soon...wait

Dallas GEP 15:07 GMT November 12, 2004 Reply   
1.8491 short now on cable also

KL KL 15:04 GMT November 12, 2004 Reply   
short gbpusd 1.8484

River Falls_USA_ PB 15:02 GMT November 12, 2004 Reply   
PAR 14:56 GMT November 12, 2004 ///kidding, right? Metals only follow, don't lead after Bretton Woods was abolished by Nixon in '73.

HK [email protected] 15:00 GMT November 12, 2004 Reply   
PAR 14:56 GMT November 12, 2004

That is a good Idea!!!
I will go to my tailor to have my pockets fortified to carry those metals.
Or maybe you have it in another meaning.

Syd 14:59 GMT November 12, 2004 Reply   
PAR 14:56 GMT not in our life time

KL KL 14:58 GMT November 12, 2004 Reply   
ouch again

River Falls_USA_ PB 14:58 GMT November 12, 2004 Reply   
orlando jcr 14:53 GMT///market either had it predigested to the positive or simply waiting for the news to pass before possies taken IMO

HK [email protected] 14:57 GMT November 12, 2004 Reply   
Trying to apply the same trick of last friday.
Not sure the Mkt. will buy it.

KL KL 14:56 GMT November 12, 2004 Reply   
short gbpusd 1.8441

PAR 14:56 GMT November 12, 2004 Reply   
The dollar is monopoly money and Greenspan keeps printing new dollars every day, thats why economic numbers dont matter and metals will replace the paper money..

KL KL 14:55 GMT November 12, 2004 Reply   
out eurusd 1.2905 +15 -10 still +5 ok

orlando jcr 14:53 GMT November 12, 2004 Reply   
someone explain to me Michigan comes in strong and Euro climbs...????

Of course my SL was hit at 1.2879 BEFORE it went up...!!! GRRRR.

KL KL 14:52 GMT November 12, 2004 Reply   
long eurusd 1.2890 ouch on gbpusd !!

Bahrain Within 10 Pips 14:52 GMT November 12, 2004 Reply   
sold cad and chf

Santo Domingo tht 14:51 GMT November 12, 2004 Reply   
Is this the dollar rally after 95.5?

Pecs Andras 14:50 GMT November 12, 2004 Reply   
Michigan up to 95.5
Another good number for the US
But who cares about numbers these days...

PAR 14:49 GMT November 12, 2004 Reply   
Long Euro 1.2880. Target 1.3000.

KL KL 14:48 GMT November 12, 2004 Reply   
short gbpusd 1.8419

Syd 14:47 GMT November 12, 2004 Reply   
Univ Michigan Mid Nov Sentiment Said 95.5; Oct 91.7

Miami fleon 14:47 GMT November 12, 2004 Reply   
River PB
Thanks for your answer
Is to diffcult to realize exactly but for me it will be anywhere betwen 1.23 1.25 in the long term.

Bahrain Within 10 Pips 14:45 GMT November 12, 2004 Reply   
http://kalzayani.freewebsites.com/dOW30.htm/
LND/
U can still use the the high level for entry of short
check MSFT from above Link and check live
although says buy for msft...but the level is OK

HK [email protected] 14:43 GMT November 12, 2004 Reply   
Gold Psychological metamorphosis!!!

When gold was nearing 430/432, gold bugs went out of their skin thinking, it's maybe once in a life experience a break of 15 Years Res. and Price_ZOOOOOOOOM!!!!!
But then nothing special happened.
So in order to save face, say from now on: "Gold behaves like a currency"
No more wet dreams of gold charging over one week to 500 and above.

These kind of Psycho_Metamorphosis should be checked by Dr. Sigmund Freud, but for me it is simply act of face saving and lousy temporary market manipulation.
So now it is maybe adviced to watch for a Reversal_Psycho_decoupling of the Gold_currency link, in the spirit of the Fast_Fluid_Market_Psychology.

River Falls_USA_ PB 14:40 GMT November 12, 2004 Reply   
Miami fleon 14:23 GMT /// totally agree with your TA. Do you really think a retracement all the way to the "comfort zone" of 1.23 is in the cards? I was aiming at 1.2450 after more secure topping.

hk mom 14:40 GMT November 12, 2004 Reply   
hk family will come back soon. Zorro, I hope you can tell us if you have P/T all your euro buys already or not.
gecko is the wonder in my trade. Great wonder. Sell euro at 1.2930 with my several hundred pips profit from euro buys as s/l.

Chicago CME 14:40 GMT November 12, 2004 Reply   
It's unlikely that UofM moves the dollar much, but you never know with it being Friday...

London Geda 14:37 GMT November 12, 2004 Reply   
Bahrain within 10 pips

sorry forgot to say i am looking for a pullback toward 96-95.80

London Geda 14:35 GMT November 12, 2004 Reply   
bahrain within 10 pips
Why should rally,,,
i do see a short term top here,,
the reward risk ratio is in favor of short side,,
combine this with the fact thatSPX is due for at least a short term top, i would not be a buyer here,, unless i am using a very TIGHT stop.
take care of low put call ratio reading the past 4 days, low VXN &VIX readings, and one final tip
my broker was just telling me some flows,, funds just got fresh cash and they showed some interest to buy larg blocks for sale!!!
gl

quito_ecuador_valdez 14:34 GMT November 12, 2004 Reply   
orlando//Friend(s), what can I say? I tried amigos. I suggested don't trade this, much less expect a reversal. For other players...you can heed or not. Support remains at 12850-75 and it doesn't even like that. Take it or leave it.

11/03's mini breakout triangle not triggered by US data..must be too soon, it's now nosing in for a landing end of day at the earliest to more probably next week.

US data obviously not important now...last collection of data release days have had no lasting effect past a few hours of chop. Chart is trading on technicals at this time..or on what the US WANTS it to trade on...I see at least temporary success at fundamentals as proven for the time being. I want E/$ 1.27-1.26 so bad I can taste it and it just won't party for me, the darned support line is made of reinforced concrete. Shucks.

orlando jcr 14:33 GMT November 12, 2004 Reply   
GEP,

I am in a few points above you (1.2904) and was concerned why you dumped out.

Now I wish I had had a little more patience and gotten in at 1.2885, but what the hay....

I'm riding a little longer unless you were thinking something that it would not come back above 1.29XX

LA Fxnew 14:31 GMT November 12, 2004 Reply   
where will cable go after michigan news today??

Dallas GEP 14:27 GMT November 12, 2004 Reply   
JCR, I wasn't thinking to tell you the truth....1.2880 should have been the stop

Bahrain Within 10 Pips 14:26 GMT November 12, 2004 Reply   
United Technologies Corp (UTX)
should rally

Miami fleon 14:23 GMT November 12, 2004 Reply   
Dear fellows:
I want to post some of my thinking about the Euro/usd.

1-the data from the us economy is coming little bit stronger at the same time the data from europe is coming a little bit softer.

2-the possibility for a retracement is done by the fact that the euro is unable to make another hight(more than 1.3005)

3- the pattern in the hourly chart was trying to make a head and shoulder pattern but fall to do in the second shoulder at 1.2985.

4- the dark cloud of intervention is more and more real, at least in the verbal intervention field so need to be counted

5-the market is all about to make money, and the profit taking from big Institution tha pushed the euro higher is now on the front

6- if you see the daily annual chart, there is a retracement of around 600 pips after a hight was touched(1.2910) followed by another intention to hight and another retracement up to go to touch another hight(1.2926) to finally retrace to 1.1759 in april 2004( a retrace of 1,200 pips from the higher high.

7- There is more room to the down side that to the up side.

8- By a physical law things go down faster than up

So, in my point of view, is better to short Euro in any top than buy in any dip in long and short term trading.

Regards to Valdez, Gecko, KL, Baharain and all of you that make trading more eassy with your posts.
thanks








orlando jcr 14:20 GMT November 12, 2004 Reply   
GEP,

Out very quickly at -10.

What are you thinking here - don't you see a reversal back through there?

It's already touching higher levels....
Just wondering what you're seeing that I might be missing

quito_ecuador_valdez 14:19 GMT November 12, 2004 Reply   
Stockholm AGuy 14:02 GMT November 12, 2004 // Correct. Fact 1. The US currency is the property of the Federal Reserve (the bill denominations say so) which is the CB of the USA.
Fact 2. If the Federal Reserve therefore wants to cooperate with the US government (key is cooperate) and lower ITS currency and IF the Treasury is in concert then yes more fiat money can be printed to lower the value of the USD, intervention or no intervention.
Fact 3. Intervention is a piddly and subversive attempt to risk a lot of loss to synthetically move the market and can NOT superceed the desires of XYZ country to move its own currency any direction it wants. Lot of loss?
Fact 4. Oh yeah. Buying USD at this level only to have USD go to 1.34 (5 cents) and hover there for a while ties a lot of resource up, otherwise, like in the case of a few CBs on the hook right now, they have to liquidate at a substantial loss. Nasty.

Gen dk 14:15 GMT November 12, 2004 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Bahrain Within 10 Pips 14:14 GMT November 12, 2004 Reply   
KL KL 14:10 GMT November 12, 2004 //
GBPUSD 1.8489 1.8322

KL KL 14:12 GMT November 12, 2004 Reply   
That was a quick loss of 10 pips.....rats should have would have... a bit angry...think think

Chicago CME 14:11 GMT November 12, 2004 Reply   
Nibbling the long side of $/CAN from 1.1975

KL KL 14:10 GMT November 12, 2004 Reply   
ok long enough in my trading world out gbpusd short from 1.8459 at 1.8418 +41...SAR long here

Chicago CME 14:09 GMT November 12, 2004 Reply   
looks like $/CAD has bottomed for the day and EUR and cable have put in tops.

Dallas GEP 14:08 GMT November 12, 2004 Reply   
Out @ 1.2894 on EUR/USD long -10

Bahrain Within 10 Pips 14:05 GMT November 12, 2004 Reply   
today's orders

AUDCAD 0.9177 0.9083 Buy
AUDJPY 82.0514 80.9235 Buy
AUDUSD 0.7683 0.7605 Buy
CHFJPY 91.3814 89.7733 Buy
EURAUD 1.6931 1.6812
EURCAD 1.5471 1.5357
EURCHF 1.5210 1.5151
EURGBP 0.7032 0.6986 Buy
EURJPY 138.7030 136.4883 Buy
EURUSD 1.2955 1.2858 Buy
GBPCHF 2.1753 2.1550
GBPJPY 197.5025 195.0061
GBPUSD 1.8489 1.8322
NZDUSD 0.6935 0.6831 Buy
USDCAD 1.1978 1.1908
USDCHF 1.1814 1.1709
USDJPY 107.6249 105.6193 Buy

Dallas GEP 14:03 GMT November 12, 2004 Reply   
Longed eur/usd at 1.2902

Syd 14:03 GMT November 12, 2004 Reply   
quito_ecuador_valdez shrek puss in boots thats it , just realized

Stockholm AGuy 14:02 GMT November 12, 2004 Reply   
River Falls_USA_ PB 13:51 GMT:

A central bank can print any amount of its own currency to sell; that gives it the ability to weaken its own currency to its heart's content. But if it wants to strengthen its own currency, intervention means selling foreign currencies. And those, it can't print. It can only use what's available in its own foreign currency reserves. Once those have been drawn down to safety levels, the central bank is out of bullets. So, basic rule of CB intervention: weakening your currency is far easier than strengthening it.

quito_ecuador_valdez 14:00 GMT November 12, 2004 Reply   
Gecko//"Jay has my addy if you have more questions.. " Tks..will pursue it. It's an honor for me. Let's kick some FX butt amigo.

Bahrain Within 10 Pips 13:58 GMT November 12, 2004 Reply   
http://kalzayani.freewebsites.com/dOW30.htm
Looks like the dow wants to go more

Calabash TarHeel 13:55 GMT November 12, 2004 Reply   
van Gecko 13:45 GMT November 12, 2004
Excellent post. Thanks.
Take Care. Good Luck.

berlin otto 13:55 GMT November 12, 2004 Reply   
We are must waiting for weakining dolar. How long - intraday?

melbourne farmacia 13:54 GMT November 12, 2004 Reply   
ML - Cheers… I’m starting to see possible barriers on long term charts… Starting to cover mid term Aud/Usd positions…

KL – yeah could break down to 1.8346 from today’s high.. expecting 1.8400 at least.

River Falls_USA_ PB 13:51 GMT November 12, 2004 Reply   
Stockholm AGuy 13:30
US intervention…sustained enough to change the tide. Would probably chase EUR rather than JPY…but at what level EUR 1.35, 1.40?

Chicago CME 13:47 GMT November 12, 2004 Reply   
dollar should start to head back down from these levels otherwise look for some short covering.

van Gecko 13:45 GMT November 12, 2004 Reply   
valdez 12:57..13:39..:) i am learning from you & everyone here too..
instead of repeating my recent thoughts on the Dollar & taking up more valuable forum spaces please look inside Jay's wonderful archives.. most are there.. Jay has my addy if you have more questions..

lLdn 13:42 GMT November 12, 2004 Reply   
Got to be careful all this CB talk is newswires trying to get traders stirred up

KL KL 13:42 GMT November 12, 2004 Reply   
ok move sl to make 3 pip gain sl at 1.8457...at worst I gain +3.

Farmacia looks like gbpusd could head for 1.8351 100% fibo from recent run up...is your figure somewhere there?

quito_ecuador_valdez 13:39 GMT November 12, 2004 Reply   
Syd 13:16 GMT November 12, 2004//Tks 4 your post, I agree, different banks have different possies..each trying to make theirs come out positive...lieing is a way of winning for them. I hate banks.

But that's why I want Gecko's reasoning...I respect the man incredibly as you & others do, he has a fantastic track record. I love to hear from those who disagree with me who are in tune as Gecko certainly is, afterall, that's unbiased FX & unbiased FX is the winning hand. I've posted my reasoning for scrutiny..if it's wrong then we all together as one body look at the defect itself, isolate it, to not repeat it. Right or wrong?

We could have a Gecko retrace if intervention rattles its saber or if indeed softening happens..true. Hope so! My statement was "if we have no intervention we go to 1.32" and that doesn't mean without retrace first, keyword is "if". Even if intervention happens it will give us the much needed retrace to buy those cheap Euros we so much desire..me included. I want retrace! I don't want a straight shot to 1.32, but I'm afraid it could happen. I can't emphasize that enough as waiting for retrace thus far has removed some potential earnings on my part.. I should have just gone whole hog at 1.25...20/20 hindsight.

Retrace...to what level? I say to support line drawn from low of 10/13 to low of 11/3. That extends to 1.2850-80. That isn't much of a retrace. You could draw another base line from earlier times (2002) to make a possible retrace much lower howerver. That's the risk in charting..it isn't a finite precise entity. So somewhere in that range of the two base lines we'll find retracement if retracement happens soonish.

PAR 13:35 GMT November 12, 2004 Reply   
US investment banks selling dollar ahead of Michigan sentiment. Big stops above 1.3000. Looks like Michigan will show drop .

ICT ML 13:34 GMT November 12, 2004 Reply   
FARMACIA, yeah, I have 1.1850-65 area projected from lines on chart (not actually calculated mathemetically) then 1.13XX as 50% projection.

But I have another projection @ 1.1600 from the weekly chart 23.6 projection on move from 1.6080 to 1.2670 move that I expect to see hit if the $$$$ keeps falling.

Pecs Andras 13:33 GMT November 12, 2004 Reply   
Retail sales up 0.2%, ex autos .9%
Is that good?

KL KL 13:31 GMT November 12, 2004 Reply   
short gbpusd 1.8459

Stockholm AGuy 13:30 GMT November 12, 2004 Reply   
River Falls_USA_ PB 13:21 GMT:

Ask yourself: if the US decides to support a strong dollar - for real, not just in words - what could it actually do, in practical terms?

KL KL 13:27 GMT November 12, 2004 Reply   
out gbpusd short 1.8449 +5...oct retail sales out soon...1 minute!!

KL KL 13:24 GMT November 12, 2004 Reply   
short gbpusd 1.8455...should have waiting on the long earlier...oh well

HK [email protected] 13:24 GMT November 12, 2004 Reply   
Soha may need those millions for the drug cocktail.

melbourne farmacia 13:23 GMT November 12, 2004 Reply   
ICT ML – If you’re around, would u agree Usd/Cad 0.618 projection from 1.4001 targets 1.1850 ish ?

River Falls_USA_ PB 13:21 GMT November 12, 2004 Reply   
Just got back from Italy spending Euro when I shoulda’ been buyin’ them. Please continue USD discussions. I think US economic policy will be much more reactive than proactive this coming year. Strong $ attracts foreign debt buyers, cheaply supporting deficit while rising interest rates curb the base recovery. So the question lies in degree of promoting a strong or weak $. I trade mostly technicals, but still would like to hear others way in on fundamentals currently taking shape. TIA

quito_ecuador_valdez 13:19 GMT November 12, 2004 Reply   
dxb sheik zayed 13:07 GMT November 12, 2004
Yassar liked boys actually..but he was set up on purpose..to bad they had to have a hero like that..HIV a go go. Type III has NO indicators other than symptoms which by that time it's too late, type III kills in 3-4 years max. Betcha something...

1 day time increment E/$ chart:
Use max/min candle ranges to draw top & bottom of triangle..we're right at the point...pointing up...watchout...my bias is to NOT trade USD right now...50-50 you could get burnt...pick a more suave lower risk pair or sit on your hands.

Syd 13:16 GMT November 12, 2004 Reply   
quito_ecuador_valdez I have noticed the different views from the Banks , most probably all talking their books. However, I must say Van Gecko has an excellent long term record on the forum and most often hits the nail on the head when it comes to forecasts (would be wise to let his thoughts linger awhile )

quito_ecuador_valdez 13:10 GMT November 12, 2004 Reply   
Looks like Moscow FMRS is competing with Qindex for add space...only thing is FMRS doesn't pay the overhead here. Nothing like free hay on the farm, eh Mos-cow?

Syd// ...but but but....only a short while ago the cut/paste here indicated G20 would probably NOT discuss FX....now the news media is like Trichet is double talking? Will this back-forth ever cease? LOL. Nothing personal at all mate. ;^}

Syd 13:10 GMT November 12, 2004 Reply   
dxb sheik zayed doesnt surprise at all always thought he was a bit ACDC

Ldn 13:08 GMT November 12, 2004 Reply   
Dollar Selloff Halted, SNB Rumors Swirl What rumours

dxb sheik zayed 13:07 GMT November 12, 2004 Reply   
National Review diarist David Frum suggested in his column this week Arafat contracted AIDS from homosexual sex with his bodyguards.

KL KL 13:06 GMT November 12, 2004 Reply   
out gbpusd at 36 +11 - don't like the price action there

Syd 13:04 GMT November 12, 2004 Reply   
forex markets are likely to remain highly nervous ahead of the G20 meeting on Nov 19-21 given recent official comments that currencies will be discussed

SAIHAT No_one_will_escape 13:03 GMT November 12, 2004 Reply   
Calcutta Vikram 12:35

happy EED

BEIRUT MK 13:03 GMT November 12, 2004 Reply   
no stop

Dallas GEP 13:00 GMT November 12, 2004 Reply   
Aud/usd average shorts now .7659 stop 7700

SAIHAT No_one_will_escape 12:58 GMT November 12, 2004 Reply   
BEIRUT MK 12:51

hi

COULD you post s/l

quito_ecuador_valdez 12:57 GMT November 12, 2004 Reply   
van Gecko 12:29 GMT November 12, 2004
Your posts are super..I love your sence of humor too. You & I disagree about the fate of the USD in the month to come; you say it's due for a retrace, I say if left alone it's gonna go to 1.32 or higher. Intervention could retrace it (that is a fact) making you correct, and intervention is at least in the wind the higher the chart moves.

Since I respect your opinions highly I want desperately to know (as well as all of us here!) your valued reasoning of why you feel the €/$ will retrace. I never learned anything from someone who agreed with me..let's communicate. Please ask Jay for my email. OK amigo? Or just post it here for all of us to benefit from. GT, thanks for your continued FF support, we need ya!

~~~~<><<>><>~~~~

BTW I see an small upward bias triangle forming on the i hour - E/$ 30 day chart..base line from low of 11/03 to present low, top line from high candle of 11/08 to the open of candle at 1.2979 of 11/010 - extend this line to present. The consolidation we've seen since 11/10 (16:00 GMT) to present to me indicates another small "breakout" UP (since the triangle points upish) has the propensity to occur soon..today or 1st of next week. Maybe the US data in a bit will trigger it. Just a thought from a chartist. I guess my plan of buying more cheap Euros has faded in the wind. Hopefully Gecko is right and I'm wrong and I'll get my chance.

Indonesia-Solo Raden Mas 12:52 GMT November 12, 2004 Reply   
please see my chart of gbp/usd. please laugh me !!.LOL

KL KL 12:52 GMT November 12, 2004 Reply   
Something interesting can happen in middle east today....could the Hamas/Islamic Jihad/Al Azhar Martyr out of emotion attempt to take the terrorist body to Jerusalem? This would spark an explosive response from Isreal....I am sure the terrorist wife will not be seen again? Why is this terrorist crap given so much coverage...he does not deserve it.?

btw long gbpusd 1.8425

BEIRUT MK 12:51 GMT November 12, 2004 Reply   
short gbpjpy at 195.23 target 194xx

London. 12:50 GMT November 12, 2004 Reply   
Van Gecko many thanks appreciated very much



A German bank that has made significant job cuts recently is said to be unwinding short positions in European bonds ahead of making a number of front office traders redundant. Talk is the bank ran into difficulties getting out of its positions and may have had to pay more than expected to get out.

van Gecko 12:48 GMT November 12, 2004 Reply   
London.. yep.. short term reversal which could be the start of a long term reversal.. watch the little Dollar Chf for clues in the next few weeks..

LDN LDN 12:44 GMT November 12, 2004 Reply   
When the market is screaming higher higher as we have at the moment , you would normally find a reverse is about to happen , only the blind or the novice would take a fresh short DLR position at these levels

quito_ecuador_valdez 12:39 GMT November 12, 2004 Reply   
DB// LOL, thanks.

Nice movement today..hope all are profiting. There are superlative posters here, I learn lots from them thanks to their patience & will to help. The hosts of GV, Jay and John are incredible in fact. Others like OMIL, GEP, Gold Coast martin, Biscuit Boy, Raven, ICT ML, Chicago Irish, LA Mel, Art of Yen, Hong Kong bc and the other Hong Kong posters and a dozen others are regular & professional (some manage funds etc.) contributers to this forum. You would be surprised with whom you rub elbows here. Obviously we can not all agree 100% on things but watching professional posters as I do you'll gain immensely.

slv sam 12:12 GMT November 12, 2004// You could of course be correct, the mkt will tell. But if 1.34 is not reached, then it will not be good for the USD in the long run and my take is that the USA will protect itself. Period. It has to otherwise the largest consumer in the world will be on the sick bed.

As you know the higher a peak forms the lower it goes afterward in the long run and the long run is what I'm after. Draw a horizontal median line through the 10 year USD CHF cross or the USD AUD cross. Now draw a horizontal support line and a horizontal resistance line. In the case of the EUR/USD, use the synthetic 10 year €/$ chart which correlates to the USD CHF cross. You will see a gap on the right hand side under your horizontal resistance line. That gap has the propensity to be filled..to fill that gap estimate the value that has to be attained. 1.34 or higher. Some say charting is a waste of time taken in the broad scope, it's history..the continued propensity for a pair to act as it does. The longer term you use the more accurate you'll be.

Finally, 5 more cents loss of the USD isn't much. We think, sheesh, 500 pips! It's just 5 cents. 5 cents puts us at 1.34. Actually, nothing bad will happen, good will come of it. And it's temporary, it's not going to be 1.34 forever..relatively short lived actually..just enough to quell the T/D and get USA back on its feet. Too many think the econ of USA is great..it's weak but recovering..let's not put it into relapse. Additional Fed hikes could relapse it into recession if not spaced out loooooooong. Let's hope Fed knows their stuff. Last post..charts are coming alive...pushing to 1.30 again. US data out soon...but that's been a hoax for weeks.

London. 12:39 GMT November 12, 2004 Reply   
van Gecko 12:29 GMT so inflection point..
you are saying that the Dollar bulls can now rejoice (yes) for a short term reversal

Calcutta Vikram 12:35 GMT November 12, 2004 Reply   
HAPPY DIWALI and a PROSPEROUS NEW YEAR

and

ID MUBARAK (in advance)

Santo Domingo tht 12:34 GMT November 12, 2004 Reply   
I find it hard to disagree with someone like Shanghai BC, dollar is a sell and has been for a while. Keep in mind yearly ranges for EUR/USD and alltime high for the synthetic Euro 1.38 in -95, USD/CHF low 1.11, will consider short Euro @ 1.35.

Bahrain Within 10 Pips 12:33 GMT November 12, 2004 Reply   
London Geda 12:29 GMT November 12, 2004 ///
I think Your'e right!!!
in the post of levels it doesn't have a "Buy"
Could be Just a small bound for a while I guess

van Gecko 12:29 GMT November 12, 2004 Reply   
the Dollar may be at or near a medium to long term inflection point..

charts from the school of Voodoo Charting Psychoanalysis are showing signs of mid-life crisis for the 4 year old Dollar Bear.. may be its near a critical point here with so much supporting noises coming from those 'Men in Black'..
good odds for shell-shocked Dollar bulls to hum this is "The End" to the bear run from 2001.. think its time to hedge all m/t Dollar bets..
Cheerios..


London Geda 12:29 GMT November 12, 2004 Reply   
Bahrain within 10 pips,,
i think it is a buy here
I am not talking intraday,, i am talking about swing trading for 2-3 days,,,
Gl

PAR 12:27 GMT November 12, 2004 Reply   
Gold , Silver, Platinum still indicating lower dollar as do actions of US investment banks.

Bahrain Within 10 Pips 12:21 GMT November 12, 2004 Reply   
could be that eur/chf is a sell now

quito_ecuador_valdez 12:19 GMT November 12, 2004 Reply   
JHB JW 12:04 GMT November 12, 2004
JW, thanks. Trying to chart-predict the short run is difficult to impossible for me, have never been good at it while some here are artists at it and make lots of profits as a result..hats off to the raiders and day traders who know how to do it.

However since I'm a position trader only (taking the easier path to profits albeit lesser profits) I HAVE to use long term charts and I'm good at them. I've used long terms ever since I made them myself with colored pencils since I was in my teens (am going on 58). I love 10 year charts as well and of several c'ncy-USD crosses, not just €/$, to get a broad big picture. You do this and you will see a sine wave correlation almost exactly equal to the synthetic €/$ chart as well as other USD crosses with CHF & AUD. It's not complicated at all. But that's proof that it's the USD freight train that's making the €/$ chart behave as it is, not the weak kneed and pliable newbie albeit dubious € in the slightest. Some here make it so hard with all sorts of fancy math & programs etc. yet it's so darned easy. Long term that is. I wouldn't give you a nickel for short term trading, way to risky for this old duffer.

Bahrain Within 10 Pips 12:14 GMT November 12, 2004 Reply   
EurJPY is a nice buy

Illinois DB 12:13 GMT November 12, 2004 Reply   
Valdez I second JW's sentiment, you're one of the few posters here who generate more light than heat.

slv sam 12:12 GMT November 12, 2004 Reply   
quito_ecuador_valdez 11:48 GMT/
we can not exclude the possibility euro has already made the multi year cycle high at 1.300x imho.GT

Bahrain Within 10 Pips 12:11 GMT November 12, 2004 Reply   
I am sort of doing this today
AUDCAD 0.9177 0.9083 Buy
AUDJPY 82.0514 80.9235 Buy
AUDUSD 0.7683 0.7605 Buy
CHFJPY 91.3814 89.7733 Buy
EURAUD 1.6931 1.6812
EURCAD 1.5471 1.5357
EURCHF 1.5210 1.5151
EURGBP 0.7032 0.6986 Buy
EURJPY 138.7030 136.4883 Buy
EURUSD 1.2955 1.2858 Buy
GBPCHF 2.1753 2.1550
GBPJPY 197.5025 195.0061
GBPUSD 1.8489 1.8322
NZDUSD 0.6935 0.6831 Buy
USDCAD 1.1978 1.1908
USDCHF 1.1814 1.1709
USDJPY 107.6249 105.6193 Buy

JHB JW 12:04 GMT November 12, 2004 Reply   
quito_ecuador_valdez , I have been following your posts for a while and I must congratulate you on the factual and unbiast opinions, please keep up the goog work.

quito_ecuador_valdez 12:04 GMT November 12, 2004 Reply   
Pull up fxtrek's 3 year €/$ chart. See period 4/8/03 to 8/27/03 & period 11/7/03 to 4/23/04. Those two segments will tell you want is happening & what's going to happen. Superimpose the present segment from 10/12 to present over the previous two above...draw your conclusions. Or superimpose one of the two segments above over the present. Either way you get the picture. That's my model. Either of the two first segments is viable. I can't predict EXACTLY how it will look after Q1 05 but it should look something similar to what I said.

Then take a mirror image of retracement to 2002 and connect it after 1st or 2nd quarter 05...you'll have my model for the next 3 years. Either you'll thank me or laugh...whatever, that's what I've gone by and that's what's panned out.

quito_ecuador_valdez 11:48 GMT November 12, 2004 Reply   
Houston ken//Thank you for posting the truth. Finally a news media says something other than garbage. I can't believe the USD "bull" bull I've read here lately..retracements to ridiculously low levels ever since 1.25 (21 days ago - never happened). I could list pages of such junk..all incorrect. Why? People "want" things to happen that can not and will not happen, namely a USD retracement. Sheesh, I "want" retracement to buy cheap Euros to stack on my 1.2900 possie for the advance to 1.32.

Fact: low USD helps trade defict. End of story no matter who says what. Undebatable. If T/D isn't quenched, all hades breaks loose. Fact. That can not be allowed to happen to the US economy.

See my post on Help Forum moments ago with explanation of why we will see 1.32+, intervention or no intervention. Intervention can slow down USD's descent but it can not prevent it. "Soften" is the term now used, implying failure. Trichet & MOF working together can TRY to move the mountain but the best they can do is go broke in a temporary attempt to avoid 1.34. They eventually will just have to allow to it to happen...there are not enough resources to prevent it if that's what the US wants. You can either keep fighting this or simply trade the trend.

USD will go to €/$ 1.32, will hover, then probably on to 1.33, 1.34 with or without intervention. That's the comfort zone for the time being for Mr. USD. You'll get your retracement then...200-500 pips worth. Then another peak will form, lesser than the first, then a 2.5-3 year slow revaluation of the USD will happen. That's the cycle. Time frames can not be predicted since intervention CAN slow things but it can't prevent things..there are not enough resources at hand for ECB and MOF.

If' I'm in error it is being biased to the conservative side, 1.40 wouldn't hurt at all (except cry babies such as those European "members" who lag constantly behind).



&diamonds; Friday's Calendar &diamonds;

Nov 12 Fry-day All times GMT es=estimate pr=previous
More fly specks: Big EUR day since US data doesn't count any more:
Mouse over for comment box.

GBP CBI/Experian Busnss Strategies Regnl Trend Surv 0:01

JPY Indus Prod MoM SEP F 4:30 pr=0.1
JPY Indus Prod YoY SEP F 4:30 pr=-2.3%
JPY Capacity Utilization SEP F 4:30 pr=02.6


EUR Fr CPI MoM OCT P 7:45 es=0.3% pr=0.2%
EUR Fr CPI YoY OCT P 7:45 es=2.2% pr=2.2%
EUR Fr CPI-EU Harmonised MoM OCT P 7:45 es=0.3% pr=0.2%
EUR Fr CPI-EU Harmonised YoY OCT P 7:45 es=2.3% pr=2.2%
EUR Fr GDP QoQ 3Q E 7:50 es=0.4% pr=0.7%
EUR Ital Production sa MoM SEP 8:30 es=0.6% pr=-0.8%
EUR Ital Production wda YoY SEP 8:30 es=0.2% pr=-3.5%
EUR Ital Production nsa YoY SEP 8:30 es=0.5% pr=6.5%
EUR ECB Tumpel-Gugerell Speaks 9:00
EUR Ital GDP sa & wda QoQ 3Q P 9:30 es=0.3% pr=0.3%
EUR Ital GDP sa & wda YoY 3Q P 9:30 es=1.1% pr=1.2%
EUR EZ GDP s.a. YoY Q3 E 10:00 es=2.0% pr=2.0%
EUR EZ GDP s.a. QoQ 3Q E 10:00 es=0.4% pr=0.5%
EUR GDP forcast (Q4 '04) & (Q1 '05) 10:00


USD Advance Rtl Sales OCT 13:30 es=0.1% pr=1.5%
USD Rtl Sales Less Autos OCT 13:30 es=0.5% pr=0.6%
USD U. of Mich Conf NOV P 14:45 es=93.0 pr=91.7
USD Busnes Inv's SEP 15:00 es=0.5% pr=0.7%
USD Fed Olson speak:bank supervision 18:00
USD Minutes of Sep. 21 FOMC Meeting 19:00

Singapore FI 11:36 GMT November 12, 2004 Reply   
Qindex may i asked for ur view in GBPJPY ps

london iain 11:28 GMT November 12, 2004 Reply   
Yes, nothing?!!

Melbourne RTR 11:01 GMT November 12, 2004 Reply   
Can someone fill me in on whats going on a moment?

KL KL 10:37 GMT November 12, 2004 Reply   
All currency in time freeze..just look

Vereeniging Will 10:35 GMT November 12, 2004 Reply   
KL Hi, tks for replying. I try to graduate to longer term on another account, but falling asleep waiting. Would like to scalp successfully,like what you seem to be doing. I very fast on a stoploss, but my entries sucks. Some guys seem to find it easy to take a position, but then marry it. Any advice?

houston ken 10:33 GMT November 12, 2004 Reply   


US May Move To Tolerate Weaker Dollar - Nikkei Financial



TOKYO -(Dow Jones)- U.S. President George W. Bush's administration will change its currency policy stance to tolerate a weaker dollar so that the U.S. economy isn't hurt as much by tighter monetary and fiscal policy, the Nikkei Financial Daily reported Friday.

The article, which didn't cite sources, said there is "a possibility" Bush's administration will try to guide the dollar below Y100.00.

It said the U.S.' policy change would be aimed at halting the widening of the U.S. trade deficit.


Dow Jones Newswires


LDN LDN 10:31 GMT November 12, 2004 Reply   
ECB's Papademos repeats fx volatility undesirable

TOKYO, Nov 12 (Reuters) - European Central Bank Vice President Lucas Papademos reiterated on Friday that excess volatility in foreign exchange markets was not desirable.

houston ken 10:30 GMT November 12, 2004 Reply   
(BoJ) Governor Toshihiko Fukui said it would have a
stablizing effect on the global financial system if a clear rival to the US
dollar as a key global currency were to emerge.

Speaking at a symposium in Tokyo on the theme "The Euro: Five Years On --
Implication for Asia", the Japan central bank chief cited data showing the
common currency of the 12-nation European currency bloc is emerging as a serious
rival to the dollar as a key currency for conducting global trade and
investment.

"In the past five years (since its launch in 1999), the importance of the euro
has increased considerably," Fukui told the seminar, which featured such other
speakers as European Central Bank vice-president Lucas Papademos, and Toyoo
Gyohten, the highly respected former Japanese vice-minister for international
affairs.

Fukui said more than 50 countries link their currencies to the euro, while the
proportion of foreign exchange reserves held in euros has risen to 20 pct, and
nearly a third of the cross-border-issued bonds are now denominated in euros.

Fukui seemed to welcome the growing prominence of the euro by referring to the
dangers associated with allowing any single currency to dominate global
commerce.

"In such a situation, the economy of the key currency is easily tempted to focus
its economic policy on domestic considerations," an apparent thinly veiled
rebuke to the economic policies followed by the US adminstration of President
George W Bush.

"In today's globalized economy, this could lead to undesirable ripple effects on
the rest of the world, through the fluctuations of the external value of the key
currency."

Fukui said if there were two competing key global currencies, "competition
between them could lead to more attention to the external value of key
currencies. This could have a positive effect on the stability of the global
financial system."

The BoJ chief briefly indicated that the Japanese yen also had a role to play in
that regard.

"I believe that the yen can and should play a larger role in the global market,"
Fukui said, citing trends which could make that a certainty.

"Considering the deepening economic relations between Japan and the rest of
Asia, Asia should benefit if the use of the yen could be facilitated," Fukui
told his high-powered audience.

In 2003, nearly half of Japan's foreign trade was with Asia, up a third over the
past decade.

Fukui said the yen could play a larger role in both fund management and fund-
raising, especially in light of Asia's strong demand for capital and Japan's
vast pool of savings.

But the Japanese central bank chief dismissed the notion that an Asian
equivalent to the euro -- an Asian common currency -- would emerge within the
lifetime of any of his grey-haired listeners.

"Could we see a common currency area in Asia? For the near future, you would
agree that this is quite unlikely," Fukui said.

He subsequently indicated it could be 50 years before Asia has a common currency
-- the time it took a handful of Europe's nations to embrace the concept.

Great changes would need to occur, such as the development of vibrant regional
financial markets, made possible by liberalized cross-border capital flows.

Fukui said there is encouraging evidence that that is already happening, beyond
merely the tremendous increase in inter-Asian trade.

He cited in particular the example of the Asian Bond Fund II project, promoted
by the 11 central banks of the EMEAP economies.

EMEAP stands for the Executives' Meeting of East Asia-Pacific Central Banks, an
organization founded in 1991 by the central banks of Australia, China, Hong
Kong, Indonesia, Japan, Korea, Malaysia, New Zealand, the Philippines, Singapore

LDN LDN 10:26 GMT November 12, 2004 Reply   
EUR ECON: EZ 3Q04 GDP Growth Slows To 0.3%

London Tokky 10:21 GMT November 12, 2004 Reply   
anybody has any comments on gold?

KL KL 10:12 GMT November 12, 2004 Reply   
Vereeniging Will ,

using 1, 5, 15, 30, 1 hr time frame + MACD 12, momentum, stoch for entry exit. 10 % guts 90 % stop loss discipline (not easy). You have any possie open or looking to enter??

London. 10:11 GMT November 12, 2004 Reply   
ECB's Papademos: Excess Forex Volatility Undesirable

Chicago Goofy 10:06 GMT November 12, 2004 Reply   
For Aud/USD, I have 0.7693-0.7730-0.7760 resistance level. Look how Euro fly, the game probably aint over.

Gen dk 10:03 GMT November 12, 2004 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Los Angeles ss 10:02 GMT November 12, 2004 Reply   
Anyone have the EUR GDP flash release figures yet? And Raden, where do you see EURUSD short term now?

AKL S.C. 10:01 GMT November 12, 2004 Reply   
NZD will go further

london iain 10:01 GMT November 12, 2004 Reply   
PAR, that's not necessarily true. europe raising rates against economic reason would actually likely have a negative effect on the euro.

Melbourne RTR 09:59 GMT November 12, 2004 Reply   
Indonesia-Solo Raden Mas
I am wishing for a top already

JHB JW 09:58 GMT November 12, 2004 Reply   
When is NY cut in GMT time, tia

Chicago Goofy 09:56 GMT November 12, 2004 Reply   
hello Raden Mas , long time no see, hope you well.
I think Nzd/USD topped at 50-60, do you?

Indonesia-Solo Raden Mas 09:51 GMT November 12, 2004 Reply   
hello.
aud/usd if touch 0.7677/82. maybe top

PAR 09:33 GMT November 12, 2004 Reply   
After every US interest rate hike the dollar goes down. So if Trichet is worried about a too strong Euro he only needs to raise Euro interest rates by .50% and the Euro will come down.

Gen dk 09:27 GMT November 12, 2004 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

houston ken 09:07 GMT November 12, 2004 Reply   
any strength in dollar is an opputurnity to sell dollar . the trend has been set to sell dollar

London. 08:57 GMT November 12, 2004 Reply   
The preliminary November reading of the University of Michigan's consumer sentiment index is expected to rise to 93.0 from the final Oct reading of 91.7released around 1445 GMT

PAR 08:50 GMT November 12, 2004 Reply   
Big stops building in Euro 1.3000/25. Could be hit after weak Us retail sales.

Vereeniging Will 08:45 GMT November 12, 2004 Reply   
Kl, may I ask what timeframe charts you use and which indicators mainly? Tia

KL KL 08:38 GMT November 12, 2004 Reply   
out short gbpusd +10 at 69

KL KL 08:25 GMT November 12, 2004 Reply   
out usdjpy long +1, prefer the gbpusd play...waiting to strike..short gbpusd 1.8479

LDN LDN 08:21 GMT November 12, 2004 Reply   
CNBC saying watch later what is going to happen to the euro
Expecting Bad data anyone got a view?

Alicante RTN 08:16 GMT November 12, 2004 Reply   
EURCHF running into more serious support in the 1.5190's. Could be national bank selling CHF??

BEIRUT MK 08:15 GMT November 12, 2004 Reply   
eurusd has a big chance to move to 1.3000-1.3055 area
before down, wait and see

KL KL 08:12 GMT November 12, 2004 Reply   
in long usdjpy 106.05 sl 105.99 6 pips - out gbpusd 1.8479 +10...hmmm 106 well defended

Syd 08:11 GMT November 12, 2004 Reply   
.Tokyo May Act In FX Mkt On Weak GDP -BOA

PAR 08:09 GMT November 12, 2004 Reply   
Be carefull big stops in cable at 1.8500/20 .

BEIRUT MK 08:07 GMT November 12, 2004 Reply   
close usdcad short from 1.2950 at 1.2920

KL KL 08:05 GMT November 12, 2004 Reply   
short gbpusd 1.8489....

PAR 08:02 GMT November 12, 2004 Reply   
Spanish CPI up 3.6 % y/y and Trichet, he remains vigilant ?

Chicago Goofy 07:58 GMT November 12, 2004 Reply   
Friday Starts, GL GT to you all.

KL KL 07:55 GMT November 12, 2004 Reply   
ok out gbpusd short 1.8467 from 84 +17....look to catch shinkensen later??

PAR 07:48 GMT November 12, 2004 Reply   
Metals are indicating further dollar drop. Gold, silver , platinum, copper, nickel all at multi year highs and rising . Confidence in dollar and paper assets seems to be lost.

London Tokky 07:45 GMT November 12, 2004 Reply   
FYI,

[EUR/USD] has tended to find decent support on brief dips below the 1.29 area in Asian trading although apprehension ahead of the 7.50GMT release of French GDP flash QDP Q3 (recall that the German GDP data yesterday was poor) has ensured that upside progress continues to stall around the 1.2925/30 region. ECB's Tumpel-Gugerell is scheduled to make a speech at 9.00GMT and possibly raise once more official concerns about a strengthening single currency. Although this may inject a bit more two-way price risk ahead of the key 1.30 zone, the seemingly lack of coordination and coherence from European policy makers this week will continue to dilute their overall ability to influence the spot price.

and...

CAN SOMEBODY PLEASE RESPOND TO MY QUERY OF A FEW MINUTES AGO. THANKS.

Tokyo IM 07:43 GMT November 12, 2004 Reply   
KL, I bet that BOJ`s password for trigger is blank but they just can not figure it out. And it takes them foreeeeeeeeeever to try all the combinations.

KL KL 07:34 GMT November 12, 2004 Reply   
Tokyo IM,
At the moment it is only normal steam train running out of coal...I think at the interchange at 106.35 maybe shinkensen could be seen.

I am locking in my 8 pips for train ticket first(things are expensive in Tokyo-so factoring in exchange rates today-LOL), in case shinkensen get delayed or cancelled...whoops..I am taken out +8 pips ....looks like some possible delay or train being repaired or BOJ still ....I mean still looking for the password to trigger??

now looking at gbp underground train delay....caught one at 1.8484 short...this train don't wait

London Tokky 07:27 GMT November 12, 2004 Reply   
Can anybody kindly explain the crosses that have any relationship at all with gold? Thanks.

Tokyo IM 07:19 GMT November 12, 2004 Reply   
KL KL, are we expectin shinkansen or regular train ride on a USD/JPY ?

London. 07:15 GMT November 12, 2004 Reply   
toronto Dr Unken Katt The Dutch were occuppied before by an extreme movement and they have very long memories of what it was like to be terrorised , If it wasnt for the US and UK standing their ground fascism would be the prominent "religion" in Europe today.

toronto Dr Unken Katt 07:07 GMT November 12, 2004 Reply   
london 06:31
the war has already started in holland


http://www.cnn.com/2004/WORLD/europe/11/11/netherlands.raid.ap/index.html

KL KL 07:05 GMT November 12, 2004 Reply   
No funny feeling here just long usdjpy cos gold dropping a bit
in 106.04 been in this position for a long time so climb aboard...toot...toot..if drama happens I only lose 10 pip!! still angry with gbpusd looking to short it any time...all in limbo now...time to put on ninja cap ;-)

Syd 06:50 GMT November 12, 2004 Reply   
Tokyo IM Have a feeling something is brewing , very nervous market watchout for 9a.m gmt they have been known to hit the market around open

Tokyo IM 06:36 GMT November 12, 2004 Reply   
Does someone have a feeling that BOJ boys are in action here .

london 06:31 GMT November 12, 2004 Reply   
Europe 'lags behind' US on terror Europe has not caught up with the US in its response to global terrorism

Lets hope they dont get a 9/11 to wise up

Ldn 06:09 GMT November 12, 2004 Reply   
Large vanilla AUD/USD 0.7595,
NZD/USD 0.6900
Large vanilla USD/JPY 106.00
Some 105.00 barriers also expire
Option expiry at the New
York cut tonight.

London Geda 06:05 GMT November 12, 2004 Reply   
Just a reminder,,
AUDUSD is a good short at 760-7680 area
good risk reward ratio here,,,
stop is 30 Pts for 150 pts gain
time frame is 2-5 days...
seems not bad for me,,,
gl all

KL KL 05:56 GMT November 12, 2004 Reply   
ok out gpbusd +1 pip...not comfortable here should have taken the 4 on offer earlier...rats..never mind 1 is good

london 05:50 GMT November 12, 2004 Reply   
USALEM (AP)--Palestinians can call a cease-fire to end four years of bloodshed, a Gaza strongman said in an interview published Friday

KL KL 05:49 GMT November 12, 2004 Reply   
melbourne farmacia, thanks for info and looking forward for your DJIA. Is it a software you use for those turn dates or base on some complicated calculation? Let me know in your email. TIA

I was quite close in the entries. ok. out gbpusd short 1.8485 + 12 ... now to nurse the missing 8 to get back at gbpusd. will reshort a little higher...maybe next few minutes...want to see it go to above 1.8519 or higher for another scalp during London session... Very tempting to long gbpusd here at 1.8488...like waiting for people to come on board...ok i be the bait..am in long ....oil down is a good sign for usd bull later....imho

Ldn 05:38 GMT November 12, 2004 Reply   
FRANKFURT -- Europe's tentative economic recovery already may have peaked, with high oil prices and a rising euro forcing many economists to reverse their predictions that next year's growth would surpass this year's anemic level.

Germany's economy grew 0.1% in the third quarter, according to data published Thursday, the worst quarterly performance since Europe's biggest economy escaped from recession last year. More data due Friday are expected to show that economic growth in the 12-country euro zone has slowed slightly since the second quarter and that France's economy, previously one of the brighter spots, is slowing sharply. Leading indicators suggested the economic cycle has plateaued
MJEconomics report

melbourne farmacia 05:35 GMT November 12, 2004 Reply   
KL KL - Intraday fibos 1.8468 / 1.8496 & 1.8526...

BTW - Still need to email DJIA data... will try over weekend for u. GT

toronto Dr Unken Kat 05:25 GMT November 12, 2004 Reply   
Spore 05:11
yeah, im watching sterling carefully ,the daily studies in o/b territory and are about to generate sell signal
wait for london to see what happens , should be good short

KL KL 05:18 GMT November 12, 2004 Reply   
very angry now short gbpusd 1.8496 sl 7 if this don't work I will #$%^^%@...hopefully last gasp of bull here

Spore 05:11 GMT November 12, 2004 Reply   
toronto Dr Unken Kat ,
What's your view on cable/usd for today. Any highs and lows. Is this level good to short?

Syd 05:07 GMT November 12, 2004 Reply   
No imminent CNY regime change on cards keeps view allowing CNY to rise could undermine Beijing's desire to soft-land economy (says stronger CNY could damage export sector). Thinks Beijing would prefer to implement other steps to gauge strength of BOP position before adopting more free-floating FX mechanism. Adds it tips Chinese rates to be hiked another 25 bps in 1Q 2005 to cool economy

HSBC

toronto Dr Unken Kat 05:07 GMT November 12, 2004 Reply   
london , perfect aussie high would be 7680
and then fibo level 7350
its my readings from the chart , i dont trade aussie , only cablehyena , cable $, euro$

Hong Kong Qindex 05:03 GMT November 12, 2004 Reply   
USD/CAD : Current Comment.  Register with Jay at [email protected] if you have no access to my page.

toronto Dr Unken Kat 04:59 GMT November 12, 2004 Reply   
Melbourne RTR 04:33
dont get scared 1 more shot up should occur
u have to use indicators , this divergence loox like profit taking , as i said b4 coused by the weekly resist

London. 04:58 GMT November 12, 2004 Reply   
toronto Dr Unken Kat whats your target on the Aud on the downside , any time scale also

KL KL 04:51 GMT November 12, 2004 Reply   
ok re short gbpusd 1.8475...angry now!!

Melbourne RTR 04:50 GMT November 12, 2004 Reply   
Thanks toronto Dr Unken Kat
I sold large lot at 7633 think I am losing my edge

spore 04:50 GMT November 12, 2004 Reply   
Does anyone have a view on GBP/USD when London opens today.

Hong Kong Qindex 04:48 GMT November 12, 2004 Reply   
USD/JPY : Current Comment    Register with Jay at [email protected] if you have no access to my page.

toronto Dr Unken Kat 04:47 GMT November 12, 2004 Reply   
Melbourne RTR 04:33
keep this possie , aud is at weekly resistancr , studies in O/B territory, u gonna be ok

LDN LDN 04:37 GMT November 12, 2004 Reply   
G7 considers coordinated forex intervention ROME, Nov 11 (AFP): The Group of Seven richest countries is considering coordinated intervention on currency markets to stabilise foreign exchange rates,

Melbourne RTR 04:33 GMT November 12, 2004 Reply   
Any chance of AUD coming back to 7623 in the short term?

San Diego DC 04:23 GMT November 12, 2004 Reply   
London,
I agree with your view on AUD

London. 04:19 GMT November 12, 2004 Reply   
San Diego DC also feel the same for Aud any view on that

San Diego DC 04:13 GMT November 12, 2004 Reply   
KL,
No need to bail out of NASDAQ. I trade day to day positions which translates to trading the swings on the daily chart. I assess my position everyday at the close, so far it is bullish continuation, when it reverses, I will switch my position.

GBP and NZD trends are long tonite

toronto dr.unken kat 04:04 GMT November 12, 2004 Reply   
cable is still long . but daily studies in O/B territory

KL KL 03:58 GMT November 12, 2004 Reply   
San Diego DC, time to bail out after such a nice run...I bail out of Goog short from 201 3 days ago.

ok short gbpusd 1.8464

San Diego DC 03:47 GMT November 12, 2004 Reply   
KL,
I trade Nasdaq options with my IRA account. Have been long for about 2-3 weeks now.

KL KL 03:41 GMT November 12, 2004 Reply   
San Diego DC...LOL I am shock those 2 u don't know...I think they are demi-Gods in India...thanks anyway

you trade the Dow/S&P index? any possie now....I am looking to reshort gbpusd higher pretty soon!!

HK [email protected] 03:20 GMT November 12, 2004 Reply   
From the net.
The word "Diwali", is the corruption of the Sanskrit word "Deepavali"

Those sweets are great not for the teeth.

San Diego DC 03:14 GMT November 12, 2004 Reply   
KL,
You got me there, I am completely ignorant of who those people are except for Amita Bachan (he is a Hindi film actor). I have been living in US for the last 21 years, and visited only twice since I left. Telugu is not a widely spoken language in India, the 2 most widely spoken languages that I am aware of are Hindi and English. There are about 20+ some languages I think.

Sydney Ge11Ja 03:05 GMT November 12, 2004 Reply   
eur/yen view finally starting to come good, as is aud/yen and nzd/yen .. been a tough week

KL KL 03:02 GMT November 12, 2004 Reply   
San Diego DC, interesting...learn a bit a day...so to refine my knowledge....Sachin Tendulka - do you call him a telegu people or hindi or are they languages? How about Shah Ruk Khan and Amitha Bachan.....I suppose telegu more widely spoken than hindi in India or is there a more widely spoken language than these 2??

btw out eurjpy long 1.3678 +6...third eye giving me warning as I type...flat now!!

HK REVDAX 03:01 GMT November 12, 2004 Reply   
Today's Special(Nov 12)...exactly... SHORT Euro/$.

Los Angeles ss 03:00 GMT November 12, 2004 Reply   
Anyone have any thoughts on EUROUSD for the remainder of the Asian session?

San Diego DC 02:48 GMT November 12, 2004 Reply   
KL,
There is no cast thing that I know of, Telugu people almost always refer to it as Deepawali even though the rest of the country uses the term Diwali. The reason I know this is because telugu is one of the languages I speak.

Syd 02:45 GMT November 12, 2004 Reply   
Closely Watching Latest FX Movements
Korea Fin Min

KL KL 02:45 GMT November 12, 2004 Reply   
San Diego DC, thanks for the enlightment...btw...by the usage of the word Deepavali or Diwali...is there a caste thing here??i.e a lower cast uses one more than the other word even though it means the same thing?? or are they just a language difference used by different people??

out gbpusd short at 1.8454 +13 Long eurjpy 1.3672

Singapore Sfx 02:39 GMT November 12, 2004 Reply   
"deep" = candlelights
"awali" = line or row of
and hence "deepawali" or "diwali" (for short).
both signifying the triumph of light over darkness .... fwiw.

San Diego DC 02:31 GMT November 12, 2004 Reply   
Ldn and Kl,
Deepawali is used by people who speak a language called Telugu in the state of Andhra Pradesh in India, the rest of the languages in India including English use the term Diwali. Like Ldn said they both refer to the same festival, festival of lights.

Syd 02:29 GMT November 12, 2004 Reply   
USD/JPY likely to try 105.50 during European hours there's a risk that London traders may be encouraged to go even lower," trader says

london 02:21 GMT November 12, 2004 Reply   
Shanghai dealers increasingly worried revaluation could be followed by bond price tumble as speculators withdraw money from bonds to take profits - "if they've got what they want, they'll take their money out.

Ldn 02:10 GMT November 12, 2004 Reply   
KL, Its being celebrated in India today (India time). And its called Diwali / Deepawali depending on how traditional etc you are. Both words mean the same thing.
The third eye suggests keeping both yours open.........g/l

hk ab 02:09 GMT November 12, 2004 Reply   
EUR basic 101, eur/gbp must sustain to stay above 0.7 to be a long.

KL KL 02:03 GMT November 12, 2004 Reply   
Ldn.
was celebrated yesterday, how many days of festival??...why some call it Deepavalli...Diwali is the correct term? Have some muruku on my behalf and some chepati! Put the 3rd eye on and tell me where the currency are heading!!

KL KL 01:55 GMT November 12, 2004 Reply   
SA Pat,
sorry for the late reply...believe it or not I dare not short this currency of late due to ever rising commodities & gold...I prefer to long it on retracement. Also it moves too slowly to my style...so I usually long it imho

Ldn 01:54 GMT November 12, 2004 Reply   
Happy Diwali and New Year to everyone from India here.

nyc sa 01:46 GMT November 12, 2004 Reply   
Shanghai BC , thnx for ur input always helpful , do u think $/SFR will see 1.10- 1.12 before the end of 2004 ? and if the answer is yes where would this put the dollar index ? however , don't u think $/ sfr is oversold and we will see 1.24 before 1.12 ? thnx .

KL KL 01:42 GMT November 12, 2004 Reply   
short gbpusd 1.8467 2nd trade of day....yawn....This is a tough market to see when the retracement is complete or to chase the rally..so lets see.

Ldn 01:33 GMT November 12, 2004 Reply   
shanghai bc possible shot across the bow from BOJ

hk mom 01:20 GMT November 12, 2004 Reply   
bc, that means 1.37 is also possible?

Syd 01:11 GMT November 12, 2004 Reply   
Japan FinMin Tanigaki - Warns Against Rapid Yen Rise, GDP OK
EUR: The Strong EUR Causing Concern In Europe

Gen dk 00:52 GMT November 12, 2004 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

shanghai bc 00:46 GMT November 12, 2004 Reply   

Trading forex is all about current focus of the market and the prevailing trend based on that focus..Forex market has been focusing on balooning US double deficits and buying commodities,oil and gold and selling Dollars for a while ..And this focus and trend is still alive and well till the change of focus on other things for whatever reasons at some stage..US GDP has been better than Euroland and Japan for many years by now and interest rates differentials will soon be in favour of US against both too at some stage..But market's focus is not on them now ,rightly or wrongly..Know your enemy and its focus at a given time..Incidently, Dollar index was 86.00 at the beginning of the year and now around 84.00..Very stable forex market for the whole year so far despite some cb's screams of wild moves..And given the minumum annual move of 2,000 pips in Usd/CHf for the last ten years,it is reasonable to assume Dollar has some more room to go down yet.. At least towards Usd/Chf 1.12-1.10 at some stage..Fwiw.

hk ab 00:43 GMT November 12, 2004 Reply   
Sydney Ge11Ja 00:13 GMT November 12, 2004
shouldnt that Japanese number have a negative impact on aud and nzd? Cant be good for commodities etc


delayed effect later.
People need to read the news, then stop their expenditure, and then, you will see the "expected' effect and move.

hk ab 00:41 GMT November 12, 2004 Reply   
nt//your dark horse runs even faster after your comment.

london 00:34 GMT November 12, 2004 Reply   
Europe's tentative economic recovery may have peaked already, with high oil prices and a strengthening euro forcing many economists to reverse their predictions that next year's growth would surpass this year's anemic level. Germany's economy expanded 0.1% in the third quarter, according to data published yesterday, the worst quarterly performance since Europe's biggest economy escaped recession last year. More data due today are expected to show that economic growth in the 12-country euro zone has slowed slightly since the second quarter and that France's economy, previously one of the brighter spots, is slowing sharply. Leading indicators suggested the economic cycle has plateaued,
The near standstill of growth in Germany, which constitutes about a third of the euro zone's economy, confounded expectations for continued recovery after 0.4% increases in the previous two quarters. Germany's statistics office didn't provide details but said the crucial factor behind the slump was a fall in exports. . "We're seeing the first direct impact of oil prices in the German data," said Jose Luis Alzola, European economist at Citigroup in London. "We may see more."
The trend also is putting increased pressure on the European Central Bank to intervene directly to reverse the euro's rise. The dollar's weakening against the euro makes European goods more expensive in the U.S. and possibly other markets. With Europe lacking a domestic impetus for growth, fading export growth could bring renewed economic stagnation.
Economists expect today's data from the European Union's statistics arm to show growth in the euro area slipped to 0.3% in the third quarter, from 0.4% in the second. French data are expected to show growth of about 0.4%, a marked slowdown after France expanded 0.8% in the first quarter and 0.7% in the second. Italy's economy, meanwhile, is expected to show third-quarter growth of 0.3%, the same as in the second quarter, with consumption and industrial production remaining weak.
MJEconomics report

Atlanta-South 00:32 GMT November 12, 2004 Reply   
Would someone please adv the best setting for MACD? Currently using 12, 26, 9. Might there be one better? Thanks in advance.

Sydney Ge11Ja 00:25 GMT November 12, 2004 Reply   
nikkei up 0.6% mayeb they are excited by fall in deflation?

Boston mpd004 00:20 GMT November 12, 2004 Reply   
E/U doesn't seem like it wants 2920, gonna short @ 2900.

Sydney Ge11Ja 00:13 GMT November 12, 2004 Reply   
shouldnt that Japanese number have a negative impact on aud and nzd? Cant be good for commodities etc

Ldn 00:11 GMT November 12, 2004 Reply   
Japanese economy stalls in Q3 "Its now official" IFR header

Syd 00:09 GMT November 12, 2004 Reply   
Japan 3Q GDP much weaker-than-expected capital investmenta has come as a surprise to most economists ,key point is weak exports that will need to see some pickup before the overall growth rate will improve

Sydney Ge11Ja 00:04 GMT November 12, 2004 Reply   
after those japanese figures, eur/yen view uner review.

Dallas GEP 00:03 GMT November 12, 2004 Reply   
Note to newbies USD/CAD has some dynamics that sometimes allow it to short EVEN if usd is making gains on the other pairs so CAUTION is advised.

Hong Kong Qindex 00:03 GMT November 12, 2004 Reply   
EUR/USD : Current Comment.  Register with Jay at [email protected] if you have no access to my page.

London Zappy 00:03 GMT November 12, 2004 Reply   
Lest we forget...
CBs do not always have there way. Remember when the pound got forced out of the ERM, and Norman Lamont complained of massive speculative flows?

 




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