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Forex Forum Archive for 12/06/2004

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Philadelphia Caba 23:58 GMT December 6, 2004 Reply   
Minnesota U-Genius 23:10 GMT December 6, 2004

Keeping small short eurjpy from early....just curious, what's your entry level to this trade?...thinking about short more. Thanks.

MEDAN FATGUY 23:42 GMT December 6, 2004 Reply   
KL KL 23:17 GMT December 6, 2004
in long gbpusd 1.9366

Inner up trendline broken. Moving averages cross. What is the reason u long at current price?

chicago joe 23:30 GMT December 6, 2004 Reply   
seems like dollar will rebound some more this week.

London. 23:23 GMT December 6, 2004 Reply   
According to Brussels-based body, Italy, Europe's 4th biggest faked way into single currency zone, having run deficits over E.U.'s 3% limit of GDP every year since 1997 which includes when it qualified to join the Euro .

What a joke , in normal times without the US having Deficits the Euro would hit the fan on that about 5 big figures.

KL KL 23:17 GMT December 6, 2004 Reply   
in long gbpusd 1.9366

OK SZ 23:16 GMT December 6, 2004 Reply   
Halifax CB 23:03 GMT December 6, 2004
it will be interesting to see how this works. Thanks for your input. GL, GT

Minnesota U-Genius 23:16 GMT December 6, 2004 Reply   
oops , missed those easy pips on eur/chf

Atlanta-South 23:11 GMT December 6, 2004 Reply   
Halifax: I agree 100% with you , he is no doubt focused on other projects. Does he still have a fund or maybe trading his on funds. Probably NOT. Thanks for your insights.

Minnesota U-Genius 23:10 GMT December 6, 2004 Reply   
KL KL 23:04 GMT
Yep, I'm looking at EUr/JPY too and of course GBP/JPy.
If you look at the dayly chart on GBP you can see how it bounced of the trend line.. But imo there will be another upleg, before the real downtrend starts. All of course imho.
GL.
BTW when r u planning to enter EUR.chf? tia

china 23:05 GMT December 6, 2004 Reply   
sell stg then

KL KL 23:04 GMT December 6, 2004 Reply   
U-Genius, looking looking and hands very near trigger...looking also for eurjpy for confirmation

Halifax CB 23:03 GMT December 6, 2004 Reply   
OK SZ - I'm no pro, but just the idea of what is essentially a mutual fund run by gov't employees is not one that holds a lot of promise...

china 23:02 GMT December 6, 2004 Reply   
the US economy is in deep trouble and that the US dollar is a doomed currency, which will over time lose all its value. However, even within a downtrend there can be countertrend rallies the same way there can be significant corrections within an uptrend. Right now the situation we find in financial markets is as follows. The US stock market and other stock markets around the world have risen from their late October lows in typical post election rallies (see November report entitled, “Conflicting Trends”). However, it is quite common that these post election rallies fade out relatively soon, as was the case when Richard Nixon was elected in November 1972. This was followed by further strength but the stock market made its final high in January 1973 – slightly higher than in December 1972 - before entering a devastating two years' bear market

Halifax CB 23:01 GMT December 6, 2004 Reply   
Atlanta-South 22:44 GMT December 6, 2004 - My impression is that he is more focussed on helping develop democratic systems in Eastern Europe, rather than making money. I do remember that not that long ago he came out in favour of a policy for strengthening currency controls. many people derided him for this, since he made so much money off currency problems; OTOH it is well in keeping with the approach he laid out in the "Alchemy of Finance" book of 20 (?) years ago...

OK SZ 22:58 GMT December 6, 2004 Reply   
President Bush said he is going to borrow money to reform social security. my question to the market pros 1. with all the money that comes from this going into the stock market am I wrong to assume the market takes off or due to the borrowing will the market be skeptical..just wondering..thanks for any input. GL, GT all

Minnesota U-Genius 22:56 GMT December 6, 2004 Reply   
Hello, pls look at EUR/CHF, imho big sell is on the way.
Confirmation on 4 hr , 2 hr , 1hr charts, gl/gt,
Any thoughts?

Atlanta-South 22:44 GMT December 6, 2004 Reply   
WONDER WHERE SORO stands today! If WE ALL only knew for sure. GL GT TO ALL.

Spotforex NY 22:13 GMT December 6, 2004 Reply   
That would be like having a country (say Austria) leave the EU today......and you'll see where the euro lands.....

Spotforex NY 22:11 GMT December 6, 2004 Reply   
Cable plunged is Sept 1992 because of the UK's withdrawal from the ERM.

Does the name Soros mean anything to you????? That was his moment......

Vancouver BC WLV 22:09 GMT December 6, 2004 Reply   
China qq: GBP in 1992... was that the time Soros took Bank of England to the cleaners? LOL

Budapest Daniel 22:08 GMT December 6, 2004 Reply   
China, you're right about that. But who knows it will happen again? :) Anyway, my stop lvl is near to the current level(at BE), I'm not risking anything right now.

London. 22:07 GMT December 6, 2004 Reply   
China Pound drops out of ERM

hk eztrader 22:06 GMT December 6, 2004 Reply   

ny one after this correction in stg ,, 2.0 ?

china qq 22:04 GMT December 6, 2004 Reply   
hi, Daniel , look Nov 23th hourly chart for eur, every similar @ start, if u see the line level , then i will confirm eur won't go deep, it will go higher again... hourly chart Nov,23th.... take a look!!!!

Budapest Daniel 22:00 GMT December 6, 2004 Reply   
China, I'm not sure as well here.. I've entered with the smallest amount possible for this short. I really don't know why I entered, maybe I'm looking for the market to test the next support level at 1.3380.

china qq 22:00 GMT December 6, 2004 Reply   
who knows 12 years ago, what happened on British in 1992..??? why GBP went down 4000 pips in 1 week??

OK SZ 21:57 GMT December 6, 2004 Reply   
Stockholm AGuy 21:56 GMT December 6, 2004
OK SZ 21:45 GMT:

From past experience, good ole Acampura is about as good a contrarian indicator as you can ever hope to get!

yes I remember him from years ago..I agree..thanks

London. 21:57 GMT December 6, 2004 Reply   
.S. Dollar Gains As Eurogroup Meets
Monday December 6, 4:41 pm ET
The U.S. dollar posted modest gains against most major currencies today, amid profit taking as European finance ministers met in Brussels to discuss recent strength in the euro. The greenback firmed a bit as traders took profits in the wake of Friday's Non-Farm Payrolls debacle, and awaited a statement from the Eurogroup for hints about the ECB's next move on interest rates and the potential for intervention. Daily FX

Stockholm AGuy 21:56 GMT December 6, 2004 Reply   
OK SZ 21:45 GMT:

From past experience, good ole Acampura is about as good a contrarian indicator as you can ever hope to get!

Bahrain Within 10 Pips 21:55 GMT December 6, 2004 Reply   
Cad is not a buy long term either...
this level is ideal for short in the long run...Just doing some hold for a while..maybe a week or more

Vancouver BC WLV 21:54 GMT December 6, 2004 Reply   
I'm going long EUR/USD.. if there will be a pullback from last week's run, it must have happened today but it didn't. This shows strength... possibly will test new high.

china qq 21:54 GMT December 6, 2004 Reply   
.... haa..well, i am not really sure we should still keep short position...just computer told me to short eur.... but if we see eur can't go deep further.... then i will quit short.... how about ur thinking...really hate selling position... but eur and GBP r both too tooooooooooo high... can't see where r the top of them... 12 years ago, GBP was @2.0050 ..however, if u see the chart , after reached that high, it went down so sooooooooooooooo fast in 1 week , back 4000 pips... to 1.6000 around............... i want to buy,but really afraid this high... 5555

Bahrain Within 10 Pips 21:52 GMT December 6, 2004 Reply   
NZ and Aussie will still rally after the drop of GBP and euro
NZ wants to go to .7400 area...
Aussie..Not a sell long term
in fact this is the level in general...Just need tunning up time.

knoxville dan-k 21:52 GMT December 6, 2004 Reply   
well depends on who u beleive, the bulls say dow 20,000 however the bears say 6,000

Brisbane PhD 21:49 GMT December 6, 2004 Reply   
Long EUR/USD stopped 1.3396. (20:31). Flat

Gen dk 21:49 GMT December 6, 2004 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Budapest Daniel 21:46 GMT December 6, 2004 Reply   
china, I'm with you, I'm shorting eurusd as well

OK SZ 21:45 GMT December 6, 2004 Reply   
guess it's time to get out of the market, ralph amcapora on cnbc is saying dow at 13000 next year.:)

Syd 21:35 GMT December 6, 2004 Reply   
with the RBA board meeting today no body is expecting them to move especially with the data of late being soft and AUD being strong.

KL KL 21:29 GMT December 6, 2004 Reply   
out SHORT USDJPY 103.3 at 21 +9

out LONG EURO 1.34 at 03 +3, gbpusd still alive...have to get some shut eyes or coffee

London. 21:19 GMT December 6, 2004 Reply   
Van jv 21:15 it seems the people that are trying to push the Euro to the limits have some Media contacts Just a feeling enabling them to place a few negative Dollar titbits

china qq 21:19 GMT December 6, 2004 Reply   
no risk, no money....

china qq 21:18 GMT December 6, 2004 Reply   
anyone follow me to short eur??? anyone.. or against me.... i set position from 1.3400 sl @1.3415..but it's too dangerous i know it... i really want to buy at this level.. but just trust my computer once...let's see...haaa.. gl..

Van jv 21:15 GMT December 6, 2004 Reply   
London///seems to me , they will be happy , and ask for help, to intervene , possibly soon, when market and bonds start declining

china qq 21:14 GMT December 6, 2004 Reply   
.. should trust my computer again..hehe... now, system gives us clear sell signal for eur ... but in my thinking, it against the trend direction we always followed..wait until it gave us buy signal or follow the system to sell eur now..??? but hourly chart appeared similar situation with day Nov 23th, if eur can't go deeper, it will be back high again....let's see...... i will short eur a little bit..

London. 21:09 GMT December 6, 2004 Reply   
U.S. Treasury Assistant Secretary for Public Affairs Rob Nichols is saying today that the report Friday suggesting the Bush administration would intervene in currency markets if the U.S. dollar were to fall below 1.45 to the euro is "hogwash" total rubbish.

lax-lgb SNP 21:05 GMT December 6, 2004 Reply   
lax-lgb SNP 06:34 GMT December 6, 2004
£/¥ looks good ahead of 198.25-42 for intra-day longs

... nonetheless i feel that mkt will take a while to close atop 200 - what'd ya folks think ? TIA GL GT :-)

ICT ML 21:00 GMT December 6, 2004 Reply   
ordinarily we'd buy euro here doing the "trend following thing" at 1.3375-95 zone. But there are too many divergences in my techs to make me feel comfy buying euro at 4:00 in the NY afternoon, with $Y looking bid all day and probably a 99% chance it will stay bid up in ASIA I think we are going to pass on selling $$$$ just right now.

Could be missing a huge trade, but something is just not right about the setup to me.

Syd 20:51 GMT December 6, 2004 Reply   
Symbol Last Change
CRB 284.85 +0.45
USD$ 81.27 +0.31
Bonds 111 16/32 +12/32
Crude Oil 43.00 +0.46
Nat. Gas 6.930 +0.134
Gold 452 -2.6
Dow Indu 10554.51 -37.70
S&P500 1190.38 -0.79
Nasdaq 2152.12 +4.16

GER ad 20:46 GMT December 6, 2004 Reply   
Short EUR/CAD,
Out at 1.6077

KL KL 20:44 GMT December 6, 2004 Reply   
SHORT USDJPY 103.3

KL KL 20:43 GMT December 6, 2004 Reply   
LONG EURO 1.34 GBPUSD 1.9386

Atl TJ 20:42 GMT December 6, 2004 Reply   
Finally. EURO hits 1.3400 as predicted many many hours ago. What sucks is my Short got Stopped at BE on one of those rebounds. Oh well, it was only a 45 pip target. If EURO is to remain uptrend then this pullback should stop around 1.3370 +-15 area. If it gets down to 3370 I will look at taking a Long posi. If 3355 gets blown away then it might be, no I refuse to use that "C" word.

Moscow Hawk 20:41 GMT December 6, 2004 Reply   
Brisbane, it is simple to identify it (just look carefully) but it is in Russian only.

.Geneva 20:37 GMT December 6, 2004 Reply   
Geneva 00:43 GMT November 26, 2004
cHICAGO- You might start with option strategy, its not so easy to pick a top. My guess is that we will top between here
to 1.3475. And then fall very hard. WE SHOULD CORRECT THE ALL MOVE FROM 0.82 TO HERE........ Thats a lot. And trust me that the people that sell dollars and buy euros dont know why thay do it , the foloow the mass.

dc fxq 20:34 GMT December 6, 2004 Reply   
Atl TJ 20:10 GMT

I'm with you 1000% on thqt thought. As Chicago Irish pointed out earlier all the EZ talking heads welcomed a strong Euro some months ago. Now they've got what they wanted.

The old story, "be careful what you wish for for you mau surely get it.".

Brisbane 20:34 GMT December 6, 2004 Reply   
Mocow Hawk which one is it on that page thanks

Quebec Swap 20:32 GMT December 6, 2004 Reply   
just went long some EUR/USD @ 1.3400

Vilnius Algis 20:31 GMT December 6, 2004 Reply   
gbp/usd 1.9400 can'nt break again

Mocow Hawk 20:27 GMT December 6, 2004 Reply   
So far USD/JPY longs have worked fine. The pair is going to close near the highs today and it is good sign of more upside in coming days.

SM Moris 00:51 GMT you can ask Jay for my e-mail or you can click Data&Tools -LinkXchange (right menu of the forum) to find my resource.

Good luck

prague jv 20:25 GMT December 6, 2004 Reply   
swich level - eur/usd 1.3380

Dublin CK 20:23 GMT December 6, 2004 Reply   
Cobweb Theory Calculations

"Dublin CK 21:31 GMT November 10, 2004

Next projected turning point is 202.40 - 204.53

3 - 4 Week time horizon"

Its on its way to the target, but the next turning point has changed to somewhere in the following range:

203.93 to 208.26 With highest probabilty of 206.09

Bahrain Within 10 Pips 20:20 GMT December 6, 2004 Reply   
Euro Long

prague jv 20:16 GMT December 6, 2004 Reply   
SYD
aud 0.7768 was broken and now opened dore for downside .

Bahrain Within 10 Pips 20:16 GMT December 6, 2004 Reply   
Eur/Cad Long

Philadelphia Caba 20:11 GMT December 6, 2004 Reply   
don't understand usdjpy up & eurjpy same way?

Atl TJ 20:10 GMT December 6, 2004 Reply   
dc fxq 19:54 GMT December 6, 2004

Always the other guys fault. Seems we might be in the midst of a worldwide pandemic refusing personal responsibilty.

BTW, who killed Cable today. Glad that chart is not my EKG!!!

ldn jr 20:07 GMT December 6, 2004 Reply   
good lvl cable to short below 19395

Wien GD 20:07 GMT December 6, 2004 Reply   
Philadelphia Caba ... what about boj riding some pips

ldn jr 20:06 GMT December 6, 2004 Reply   
Think aus sick..close below 50 ish..my trend man sells...already long doll cda too

Van jv 20:04 GMT December 6, 2004 Reply   
Just little heathier AUD

Syd 20:02 GMT December 6, 2004 Reply   
Can someone give their view on the Aud looks like its sick again

Vilnius Algis 20:02 GMT December 6, 2004 Reply   
All day gbp/usd try to break 1.9400, but can'tn do it. Why?

Syd 20:01 GMT December 6, 2004 Reply   
According to economist, if that means anything German ZEW index may fall for 5th straight month (10.0 in Dec from 13.9 in Nov ) far below its long-term average around 35.0, said to suggests slowdown into 2005. FWIW.

Helsinki iw 20:01 GMT December 6, 2004 Reply   
fxq, more a question of how lost the world`s biggest debtor is in trying to dictate it`s views as policy to the rest of the world. Beggars shouldn`t be choosers.

Philadelphia Caba 20:00 GMT December 6, 2004 Reply   
What's going on with jpy pairs? Any news out?

Livingston nh 19:56 GMT December 6, 2004 Reply   
IMO - Can't compare DEM to EUR or ECB to BuBa - more difficult political considerations re: EUR rise

dc fxq 19:54 GMT December 6, 2004 Reply   
"Finance chiefs blamed the euro's rise on the widening of the U.S. budget and trade deficits, with Austria's Karl-Heinz Grasser calling for a ``dialogue'' with U.S. President George W. Bush's new economic team.

``It is unacceptable that Europe is paying the bill for some major imbalances in the world economy, especially the current- account and budget deficits in the U.S.,'' Grasser said as he arrived for the ministers' monthly meeting in Brussels. "

And exactly how much influence do you think the assprted EMU head of state, let alone FinMin's have with the Bush administration? Perhaps they are under the mistaken notion the Mr Kerry was elected?

LoL

east city eztrader 19:52 GMT December 6, 2004 Reply   
let s hope a correction 4 me in stg or i ha to sell more tom

abv 195 , either a gap up or dw 1

Global-View Jay 19:52 GMT December 6, 2004 Reply   
east city eztrader - this is still not an easily recognizable location. The reason we require a location is because it allows our members to gain an added perspective knowing where the poster is located.. So, easy city is not one most of us have any idea where you are from.

Chicago Irish 19:49 GMT December 6, 2004 Reply   
US reply will be the same as in '71."The USD is our currency and your problem"-John Connolly.Thought Euro-Wonk's all wanted a strong currency anyway...........

Syd 19:48 GMT December 6, 2004 Reply   
east city eztrader 19:43 think thats right 1995 it was GBP being hit in 1992

east city eztrader 19:46 GMT December 6, 2004 Reply   
oh , sory syd , yes it was 95 ' my mistake

east city eztrader 19:43 GMT December 6, 2004 Reply   
hey syd , , i thk the strongest Dm was in 1992 but 4 got

wht lvl , tht time CHF was 109 ish ,,, help me out ?

also i feel the same dlr may soon ha a correction although

still look sick , hope my stg trade ok , ka ka ... 2 .0 soon

Welly DLow 19:37 GMT December 6, 2004 Reply   
think euro looking sick now.. short here and stop above 1.3450-55 ...

Syd 19:36 GMT December 6, 2004 Reply   
Phenomenal bullish momentum propelled the Euro to a new all-time high of 1.3461 on Friday, terribly close to our medium term target at 1.3500/1.3525 (which is equivalent to the strongest the Deutschmark got to in 1995). We shall allow for another upside squeeze this week, exacerbated by thin December markets. The Euro will probably find it very difficult to move decisively above 1.3500 this month. Then allow for serious consolidation back down towards 1.3000. Note also that the strongest ever level for the German currency was 1.3430 hit in March 1995, equivalent to $1.4560 to one Euro. While the rally of the last three months is seen as ?catching up?, now it is almost overdone.
Mizuho Corporate Bank

Bahrain Within 10 Pips 19:36 GMT December 6, 2004 Reply   
I think the same thing will continue

Currency Short Long TrendShort TrendLong
EURUSD 1.3446 1.3415 Hold Buy
USDJPY 102.9834 102.5215 Hold Hold
GBPUSD 1.9444 1.9403 Hold Buy
USDCHF 1.1406 1.1360 Hold Hold
EURCHF 1.5311 1.5267 Hold Hold
AUDUSD 0.7771 0.7732 Hold Hold
USDCAD 1.2059 1.1971 Hold Hold
NZDUSD 0.7226 0.7180 Hold Buy
EURGBP 0.6922 0.6906 Sell Hold
EURJPY 138.2753 137.7337 Hold Buy
GBPJPY 200.0828 199.1230 Hold Buy
CHFJPY 90.4038 90.0541 Hold Hold
GBPCHF 2.2151 2.2068 Hold Buy
EURAUD 1.7351 1.7279 Hold Buy
EURCAD 1.6188 1.6090 Hold Buy
AUDCAD 0.9334 0.9278 Hold Hold
AUDJPY 79.8329 79.4409 Sell Hold

Global-View 19:29 GMT December 6, 2004 Reply   
traderland eztrade - You must use an acutal location or we cannot leave your posts up. TIA for cooperating.

Syd 19:24 GMT December 6, 2004 Reply   
I have put that post on Financial Page in Full.
seems its blocked.

traderland eztrader 19:19 GMT December 6, 2004 Reply   

by the wy , i am short at 35 , hope add sm tom abv 195

Syd 19:18 GMT December 6, 2004 Reply   

Short Dollar Trade Getting Crowded?
LINK

traderland eztrader 19:18 GMT December 6, 2004 Reply   

hope a run 195 tom europe , let see if ha the same intra

day drop like last wk , from 19420 to 19175 but this time ,

guess need nt too greedy ...

KL KL 19:11 GMT December 6, 2004 Reply   
out +3 pips at 27...will reshort near 40 again

traderland eztrader 18:56 GMT December 6, 2004 Reply   

hi there , i thk stg due to a corrrection ny time soon , mabe

another squeez abv 19500 ish ,,, but good lvl go short ...

London. 18:55 GMT December 6, 2004 Reply   
It seems the rate hike next week is a done deal ,you have John Ryding chief economist at Bear Stern also calling for 05 rate at 4.50% raising their mid yerar call to 3.50% .
Seem inflation is becoming a real concern at the Fed probably letting the Dollar fall is giving them room to push rates up where they want them to be in a quick fashion

Makassar Alimin 18:33 GMT December 6, 2004 Reply   
euro is well bid, as expected last friday, today it manages to stay above 1.34 and still consolidating in the upper range...market is comfortable holding euro and gbp against dollar although in other pairs dollar is actually rallying a bit, so that's an encouraging sign for euro bulls

hoping to see more action starting tomorrow till the end of this week, see you tomorrow guys

KL KL 18:23 GMT December 6, 2004 Reply   
what a booring day...been just trading gbpusd between the ranges all day....so again short gbpusd 1.9430. I hope will net me some pips again ...I think this one is my last trade let it run down...tp and get some shut eyes till tokyo ssession...

quito_ecuador_valdez 18:05 GMT December 6, 2004 Reply   
CAC=Cad...sorry..

quito_ecuador_valdez 18:03 GMT December 6, 2004 Reply   
CAC// Ref USD/CAD morning star formation on weekly chart..what chart are you using please?

Bkk Cad 17:56 GMT December 6, 2004 Reply   
Well, it ain't rocket science, but it is a psychological nightmare and thats half the game. GT

quito_ecuador_valdez 17:51 GMT December 6, 2004 Reply   
CAD// You're bringing up some interesting points for newer traders to read...keep up the good posts.

Bkk Cad 17:48 GMT December 6, 2004 Reply   
Correction gbp/yen will want at least 202 (greedy beast!) Goodnight all.

Dallas Mauricio 17:45 GMT December 6, 2004 Reply   
Dallas GEP, what is your view on a top & bottom for cable until the next London session? TIA

Bkk Cad 17:45 GMT December 6, 2004 Reply   
One of the best (symetrical) triangles I've ever seen is on the weekly usd/yen chart in the year 2000. Starting in March, it took about 9 months before it gave birth and broke out at 110 going all the way up to 126.

Bkk Cad 17:38 GMT December 6, 2004 Reply   
iain: But its no joke :) an upbreak of the weekly eur/yen triangle probably would get to 150.

EU ZORRO 17:36 GMT December 6, 2004 Reply   

Van jv 17:27...HI...If not long...It's better Buy now...Good buy @ 137, 135...

quito_ecuador_valdez 17:33 GMT December 6, 2004 Reply   
Goldcoast martin// LOL...dog cross.
I think this from the "Analysis & News" section sums up the €/$ pair for now:
"Unfortunately, it’s impossible to know if this (retracement) will occur when the pair is at 1.35, 1.37 or even 1.40. For the time being the trend remains up, though chasing it at these levels could be problematic."

Van jv 17:27 GMT December 6, 2004 Reply   
EU ZORRO ///
How much dip is your dip?

Dallas GEP 17:25 GMT December 6, 2004 Reply   
Ole' Of course!!! LOL

EU ZORRO 17:22 GMT December 6, 2004 Reply   

london iain 17:19...I'm looking for 150 in 1stQ 2005...

....I Will add to longs in every dip...!!!

london iain 17:19 GMT December 6, 2004 Reply   
Guys, recent false break of eurjpy triangle has been almost completely reversed now. It has broken through the top of the triangle again now. Easy one to trade, though. support is triangle top at 137.10 and resistance is previous high at 138.26.
FWIW i bought earlier today and have a stop at 136.60. I would add on a break of 138.26.
Alternatively, you could short against 138.26..
Daily stochs are overbought so could put pressure on downside, but for me patterns are bullish, with a break of resistance being extremely bullish - I wasn't joking about 150!!

Bkk Cad 17:14 GMT December 6, 2004 Reply   
CAD/USD weekly has a picture perfect morning star formation. Best to try for 1.19 if posible for entry.
Eur/yen weekly looks lke an elongated ascending triangle with best tops between 1.3830-60 (for shorting).

Van jv 17:10 GMT December 6, 2004 Reply   
Reasonable correlation between SP ans EUR............

Zurich Picasso 17:08 GMT December 6, 2004 Reply   
Dallas GEP 17:06 GMT December 6, 2004

yeah its probably either here or around previous high at 138.30...

Dallas GEP 17:06 GMT December 6, 2004 Reply   
MAybe here 137.92 short euro/jpy

london iain 17:06 GMT December 6, 2004 Reply   
Zurich Picasso 17:02 GMT December 6, 2004

1.5000?!!

Bkk Cad 17:05 GMT December 6, 2004 Reply   
Got some cable at 1.9420 There ought to be another buying climax. Monthly could go as high as 2.0000 imo. Also, GBP/YEN will want stops at 200 level no? (its a psychological magnet imho).
God bless you all and goodnight.

Zurich Picasso 17:02 GMT December 6, 2004 Reply   
any thought when eur/jpy might turn?

Dallas GEP 16:58 GMT December 6, 2004 Reply   
Probably contained under 1.1420 SS

SG KAN 16:57 GMT December 6, 2004 Reply   
Thanks GEP

Los Angeles ss 16:54 GMT December 6, 2004 Reply   
GEP where do you see chf going for the rest of this session? TIA

Dallas GEP 16:52 GMT December 6, 2004 Reply   
KAN, not confirmed yet but 1.2030 probably was reversal point

Belgrade Knez 16:41 GMT December 6, 2004 Reply   
perrie como 16:28 GMT December 6, 2004

Thanks.

perrie como 16:31 GMT December 6, 2004 Reply   
okidoki my dog's happy, now concentrate on myself too as Xmas-NewEve callings already dropping here.

interesting also the futures market on my preffered Sociando Mallet...wine futures market, this is what I like

nite

perrie como 16:28 GMT December 6, 2004 Reply   
www.metalprices.com
www.lme.co.uk
www.lmesteel.com

this referred to the other type of steel, mostly buoyed until present, but already missing too..

www.recycle.net/recycle/Exchanges/rs000360.html

the markets is scarse of It's physical basics and only few specialist around while the knowledge here is very poor

Belgrade Knez 16:25 GMT December 6, 2004 Reply   
istanbul e.t 16:18 GMT December 6, 2004

Thanks Istanbul.

istanbul e.t 16:18 GMT December 6, 2004 Reply   
gents you cant do anything on steel at london metal exchange...there were few attempts in the past to put terminal platform/ e market for steel but none of these attempts reached to a real success... so far steel is a physical commodity.

Belgrade Knez 16:18 GMT December 6, 2004 Reply   
perrie como 16:07 GMT December 6, 2004

Thank you for the info.

Do you, by any chance, know web address I can look for it, please?



perrie como 16:11 GMT December 6, 2004 Reply   
Same Usd/Cad...lows done for some days at least

SG KAN 16:09 GMT December 6, 2004 Reply   
Hi Dallas GEP,
What are your thoughts on USD/CAD? TIA

perrie como 16:08 GMT December 6, 2004 Reply   
Usd/Chf yes...It has done It's low and will go up for several days from now on.

g/l

perrie como 16:07 GMT December 6, 2004 Reply   
Belgrade you'll find some Steel in China as they are the solely buyers presently...btw there are two type of Steel so It deepence on which you are looking for.

Most specialize market in europe for mining steel is London (see the london metal exchange), else you'll find no true prices, but the old way of personal contact-ships (and huge amounts).

g/l

Los Angeles ss 16:05 GMT December 6, 2004 Reply   
Anyone with thoughts on USDCHF? TIA

Belgrade Knez 16:04 GMT December 6, 2004 Reply   

Hello everyone.

Is it possible to find on the net live price of steel.

Thank you.

perrie como 16:00 GMT December 6, 2004 Reply   
In a talk about markets with my Sage Dog during our walktimes, he told me that upon several disspointement on returns from his investment bank's suggestions, he made an inquiry. This was the response:

“In response to your inquiry, we confirm that the Ethernally Yours Fund has a blended growth and value style of investing, and takes a long term approach to investment. As a consequence, the fund management team may select and hold stocks that have been assessed as having good value and long-term growth potential. However, in the short term, the growth potential may be minimal and/or non-apparent.”

Makassar Alimin 15:55 GMT December 6, 2004 Reply   
Antwerp Tom 15:32 GMT December 6, 2004

if it could bring volatility which we need why not LOL
nah, dont worry, CBs are all talks about intervention, they won't target specific price levels too

Baz JW 15:53 GMT December 6, 2004 Reply   
gold coast martin 15:44 GMT :-)

Atl TJ 15:51 GMT December 6, 2004 Reply   
Aussie has hit my Short target. If it is going to resume the Up Trend it should happen around this level +-15. Euro I am still holding out for 1.3400 or below but this one is looking a little iffy. Have tightened Stops to BE at 134.42. If euro is going to resume uptrend it should stop in the 1.3381 area (+-15)

Budapest Daniel 15:50 GMT December 6, 2004 Reply   
thanx for your view

Bahrain Within 10 Pips 15:47 GMT December 6, 2004 Reply   
Probably 1.35
I am Making a special mouse for one of dogs
maybe he can trade while the other dog walks me

Tallinn viies 15:44 GMT December 6, 2004 Reply   
took small long at 1,3420. target 1,3455/60.
will add more at 1,3385 level.

Budapest Daniel 15:44 GMT December 6, 2004 Reply   
Bahrain, what do you expect for EUR/USD for the end of the NY session?

gold coast martin 15:44 GMT December 6, 2004 Reply   
HK Kevin 15:42 GMT December 6, 2004
KEVIN..if you cross your dog with a bull terrier you will get a BULSHITZU......LOL...G/T

Bahrain Within 10 Pips 15:42 GMT December 6, 2004 Reply   
My dogs always walk me...LOL

HK Kevin 15:42 GMT December 6, 2004 Reply   
perrie como 15:34 GMT, it seems we have the same hobby. When I take my shihtzu for a night walk, she usually give me 100 pips for return.

Bahrain Within 10 Pips 15:40 GMT December 6, 2004 Reply   
It's time I think..

Cairo MW 15:37 GMT December 6, 2004 Reply   
What is going on now?

Halifax CB 15:36 GMT December 6, 2004 Reply   
perrie - what's a sage dog (just a smart one?)

perrie como 15:34 GMT December 6, 2004 Reply   
btw my sage dog said, do a walk again before surprises

Antwerp Tom 15:32 GMT December 6, 2004 Reply   
Alimin, could you please shut up and not give some people ideas LOL GL GT

perrie como 15:32 GMT December 6, 2004 Reply   
Picasso Zurich...welcome to the newbie world

Dallas GEP 15:31 GMT December 6, 2004 Reply   
Tell you what out at BE, this looks like a better short

Dallas GEP 15:28 GMT December 6, 2004 Reply   
Longed usd/cad at 1.2020

Makassar Alimin 15:28 GMT December 6, 2004 Reply   
sell signal could come and go in euro but the problem is there is no significant follow up, everyone is just thinking about buying euro at lower level but waiting for someone else to take the risk of shorting it to the desired buy level LOL

sustained intervention could actually work here to bring euro down if so desired, first is to knock it back to around 1.32 level where fresh buyers are expected to jump in and then immediately followed by another big one to trap all fresh buyers and trigger their stop losses, of course it is not that simple in reality but just a thought

china qq 15:17 GMT December 6, 2004 Reply   
even in hourly chart , eur gave me short signal.. i still don't wanna wait until when it appears buy signal.. let's look...

Makassar Alimin 15:10 GMT December 6, 2004 Reply   
looks like euro has drunk secret potion to stay float against gravity, it is weighless now, doesn't matter how usd is coming back in other pairs, it just stays there, above 1.34 for the whole monday will give chance to rise to 1.35 and 1.37 eventually after the temporary bounce in usd fades away

Antwerp Tom 15:08 GMT December 6, 2004 Reply   
Got it, Viies i'm with you

Antwerp Tom 15:02 GMT December 6, 2004 Reply   
No Daniel, I missed it, wanted to go long at 1.3430, but i see it's coming...

Tallinn viies 15:00 GMT December 6, 2004 Reply   
after failed test of 1,3420 new push higher on the cards.
at least new weekly high is my target. nothing less.
later today would like to see 1,3500 almost touched

Zurich Picasso 14:59 GMT December 6, 2004 Reply   
perrie como 14:49 GMT December 6, 2004

gibberish.

the pair moved 100pips. no matter what are the reasons beyond that.

Budapest Daniel 14:59 GMT December 6, 2004 Reply   
LOL, did you gain a few pips with that movement? :))

van Gecko 14:58 GMT December 6, 2004 Reply   
the elephants are taking a day off to celebrate & mourn after last Friday's capitulating move.. the rest of the of us are too scare to buy or sell.. so euro is struck here in a pip'less range..
may be the newly rejuvenate $cad Goose will lay some fat eggs across euro's path to 1.488888..

perrie como 14:49 GMT December 6, 2004 Reply   
GER ad It is wrong to say Eur/Cad gained 100pips, since flows there are Usd/Cad and Eur/Usd, where Cad had no big moves at yesterday, but if you look the day before you'll find some of your hundreds pips missing.

walking my sage dog, seems better in such markets

Antwerp Tom 14:47 GMT December 6, 2004 Reply   
Daniel, you pushed €/$ under this 1.3430 level :-) GL GT

Budapest Daniel 14:45 GMT December 6, 2004 Reply   
Tom, if that would pull the mkt out of this narrow range, then ok :))

GER ad 14:43 GMT December 6, 2004 Reply   
EUR/CAD gain 100+ pips today in this static market.
Short a 1.6116 for few pips.

Antwerp Tom 14:43 GMT December 6, 2004 Reply   
Daniel, say it again and the market will move LOL

Bahrain Within 10 Pips 14:37 GMT December 6, 2004 Reply   
NZ Euro good longs now

Budapest Daniel 14:37 GMT December 6, 2004 Reply   
holy god, the mkt. has stucked into a 10-15 pip range

china qq 14:33 GMT December 6, 2004 Reply   
don't like to short.. still wanna wait for long position.. no signal appeared.. until now..

Bahrain Within 10 Pips 14:32 GMT December 6, 2004 Reply   
I longed euro and cable
and will doing more of this

Currency Short Long TrendShort TrendLong
EURUSD 1.3448 1.3416 Hold Buy
USDJPY 102.5790 102.1905 Hold Hold
GBPUSD 1.9436 1.9393 Hold Buy
USDCHF 1.1392 1.1335 Hold Hold
EURCHF 1.5297 1.5231 Hold Hold
AUDUSD 0.7793 0.7727 Hold Hold
USDCAD 1.2004 1.1945 Hold Hold
NZDUSD 0.7237 0.7194 Hold Buy
EURGBP 0.6926 0.6908 Sell Hold
EURJPY 137.7612 137.3142 Hold Buy
GBPJPY 199.2081 198.3912 Hold Buy
CHFJPY 90.2140 89.8952 Hold Hold
GBPCHF 2.2118 2.2004 Hold Hold
EURAUD 1.7367 1.7235 Hold Buy
EURCAD 1.6121 1.6049 Hold Buy
AUDCAD 0.9315 0.9258 Hold Hold
AUDJPY 79.7171 79.1665 Sell Hold

Global-View 14:32 GMT December 6, 2004 Reply   
No cost for the free forums.

Dallas Mauricio 14:31 GMT December 6, 2004 Reply   
I hate days like today.

San Diego DC 14:31 GMT December 6, 2004 Reply   
Atl TJ 14:03 GMT December 6, 2004
Does anyone know what is so important on EURO 1.3430? Its been stuck on that low for the last 2-3 hours.

My 2 cents........
This level, say, on a 15 min chart happens to be the confluence of (meeting point of) the midpoints of high and low for the last 90 price bars , for the last 45 bars and the last 19 bars.

london jr 14:25 GMT December 6, 2004 Reply   
Appologies guys...but this site am new on....whats the cost after trial?? Anyone know??

Livingston nh 14:19 GMT December 6, 2004 Reply   
Akl mc - Aussie looks poised to retest the .7700 level - it's right at the 21 da sma - it has not shown much desire to stay above .7800

gold coast martin 14:18 GMT December 6, 2004 Reply   
In short ...thats Osama telling market to short euro......

london jr 14:18 GMT December 6, 2004 Reply   
On aussie..being effected by euro strength..model i follow went long (having shorted Friday)..however will short if below 40 again..think chance of correction..only slim..keep eye on cda

AKL MC 14:11 GMT December 6, 2004 Reply   
Any comment AUD/USD?

perrie como 14:06 GMT December 6, 2004 Reply   
What is so important at a certain level or number is buy or sell or maybe just time to walk the dog.

Atl TJ 14:03 GMT December 6, 2004 Reply   
Does anyone know what is so important on EURO 1.3430? Its been stuck on that low for the last 2-3 hours.

london 13:55 GMT December 6, 2004 Reply   
Dallas -
AT LEAST four bombs went off in as many Spanish cities today shortly after anonymous callers claiming to speak for the underground Basque group ETA told a Basque newspaper that seven cities had been targeted. ( AP )

Dallas Mauricio 13:47 GMT December 6, 2004 Reply   
Nothing happened, right?

London Misha 13:43 GMT December 6, 2004
Spain / Paco - Tks M8, still 7 too many...

china qq 13:46 GMT December 6, 2004 Reply   
hi..guys.. quite quiet market.. hope will see some movements in next few hours...

Dallas GEP 13:46 GMT December 6, 2004 Reply   
Morning Dallas M

London Misha 13:43 GMT December 6, 2004 Reply   
Spain / Paco - Tks M8, still 7 too many...

dc fxq 13:42 GMT December 6, 2004 Reply   
shanghai bc 13:28 GMT

understood bc, however the influence of any FOMC member on Tsy's policy is minimal. There is also a very widespread belief the A. Greeenspan is the "voice of authority" in thios matter, he is only the voice of authority regarding interest rates not fx rates.

Dallas Mauricio 13:41 GMT December 6, 2004 Reply   
Hi Dallas GEP!

Dallas GEP 13:40 GMT December 6, 2004 Reply   
Thx

River Falls_USA_ PB 13:37 GMT December 6, 2004 Reply   
UK GDP +0.4

Livingston nh 13:36 GMT December 6, 2004 Reply   
AUD and CAD continue to flirt w/ the 21 da sma - RBA and BoC meetings might be the trigger for a bit of weakening in these two

Dallas GEP 13:35 GMT December 6, 2004 Reply   
UK data please

Spain Paco 13:34 GMT December 6, 2004 Reply   
London Misha 12:32// It was 7 bombs.

shanghai bc 13:28 GMT December 6, 2004 Reply   

FXQ 12:51 -- Good evening..I did not say Fed is in charge of forex issues..I was just interpreting what various Fed heavyweights said in public in recent days on Dollar issues..

Tallinn viies 13:26 GMT December 6, 2004 Reply   
closed short euro position with -3 ticks.
would like to go long near 1,3380/85. or sell near 1,3550/55

River Falls_USA_ PB 13:21 GMT December 6, 2004 Reply   
Atl TJ 12:52 GMT December 6, 2004 ///curious...what tech are you using to get your tidbit? tia gt

Atl TJ 12:52 GMT December 6, 2004 Reply   
Tech Tidbit: A simple 3 yr historical study shows that the Euro has a 91.80% chance of hitting 1.3400 today. Or today could be one of those 8.20% days. I am holding out for mor downside to come.

saloniko 2004 nk...1.4088 12:52 GMT December 6, 2004 Reply   
Good morning...

hk ab..
What i said is to watch usd/chf if hold above 1.10 or some pips below while Euro hit 1.40888888

That will be for me the STOP for Euro for further gains..and a reason to jump off Euro train..

Right now looks like a Rocket with a stop @ 1.35/36 for a Buy again @ 1.32
Euro its our probl but none want to be a general too i guess..

nk

dc fxq 12:51 GMT December 6, 2004 Reply   
shanghai bc 12:38 GMT et al:

the FED has NOTHING to do with forex, please get it straight.

Any FX intervention decisions vome from the TSY and SNOW, not GREENSAPAN or the FED.

KL MYR 12:48 GMT December 6, 2004 Reply   
Hi fellas ! USD has slumped as I said...........the wave 5 began and is now near its end.....I hope everyone has gained from this wave,,,,,

Mumbai Jay 12:46 GMT December 6, 2004 Reply   
Shanghai BC 1238 GMT..Thanks vm. I am sure, besides FED many other CBs must be hoping that there won't be a Dollar-asset market crash.

Makassar Alimin 12:44 GMT December 6, 2004 Reply   
Mumbai Jay 12:16 GMT December 6, 2004

they love to see dollar fall further :) they should be concerned if dollar doesnt fall anymore

shanghai bc 12:38 GMT December 6, 2004 Reply   

MUMBAY -- Good evening..It is obvious that Fed folks are on all fours praying for weaker Dollar as long as it does not lead to crash of Dollar asset market.."This is our Dollar but it is your bloody problem" seems to be what they have on their mind now..Given their attitude,anyone who sees a stronger Dollar for the foresseable future now must be either blind or deaf..Good trades.

dc fxq 12:34 GMT December 6, 2004 Reply   
Mumbai Jay 12:16 GMT

none at all

Quebec Swap 12:33 GMT December 6, 2004 Reply   
I'm waiting to long EUR/USD aroung 1.3400. More likely to hit first than 1.3500

London Misha 12:32 GMT December 6, 2004 Reply   
Rumour going around that ETA will set off 4 bombs at 12.30 gmt in Spain.

Mumbai Jay 12:16 GMT December 6, 2004 Reply   
Shanghai BC..What possibility is there of FED getting concerned about the Dollar's fall and if at all there is, when do you think they will? Thanks.

KL KL 11:56 GMT December 6, 2004 Reply   
out gbpusd BE...not liking this lack of volitility day....wait relong later...no need to waste hard earned pips!!

Atl TJ 11:54 GMT December 6, 2004 Reply   
Same with Cable. At least for the next swing.

Atl TJ 11:49 GMT December 6, 2004 Reply   
So far today the Euro range is somewhat abnormally small. Anything can happen but I have a slight bias to the downside.

KL KL 11:47 GMT December 6, 2004 Reply   
rats should have waited ...long again gbpusd 1.9410

Makassar Alimin 11:44 GMT December 6, 2004 Reply   
perhaps euro is ready to take 1.35 during NY time, should today's low hold

KL KL 11:39 GMT December 6, 2004 Reply   
farmacia you around today?? Where is oilman these days??

KL KL 11:38 GMT December 6, 2004 Reply   
out short gbpusd 1.9438 at 20 +18...1.5 hours is long term position trade for me...LOL

Atl TJ 11:38 GMT December 6, 2004 Reply   
or = are
New forum rule: No posting until after first cup of coffee!

Atl TJ 11:36 GMT December 6, 2004 Reply   
London Zappy

I think the chances of the Treasury getting involved or fairly slim. I Believe that would go against W's free market philosophy.

London Zappy 11:31 GMT December 6, 2004 Reply   
Am I mad?
What about the possibility of a shoot out between Fed and ECB/BoJ? I could see these two buying dollers, and Fed selling them right back again - nasty.

Has this sort of thing ever happend before?

Fukuoka Yoshi 11:19 GMT December 6, 2004 Reply   
Surabaya Medallion 11:15 GMT December 6, 2004

Ask Qindex, Subscribe Qindex...if you followed (only for subscribers!) his channel there was no surprise to you!

the easiest will be to mail [email protected] to join.

gt

Surabaya Medallion 11:15 GMT December 6, 2004 Reply   
Anyone care to comment what happen with AUD? Why the censored is it this weak? Seems to follow AUD/JPY than EUR/AUD.

prague jv 11:11 GMT December 6, 2004 Reply   
.....I only did now how to .... meant I did not know how to ....

Loging of ,overworked underpayed . :>))

perrie como 11:09 GMT December 6, 2004 Reply   
Some said, think Greenspan early this year, that when asean will reduce US bonds buyings then will ECB hold the interest stuff on. It seems enough rationale in an irrational world, since interest rates between almost even, and most probably the only solution to avoid inflation for another some Qs.

g/l

also heavy buyers noted on E/Sf and yen loosing strenght

pr jv 11:07 GMT December 6, 2004 Reply   
that is correct dc, I only did now how to spell it ...lol thanks

Bahrain Within 10 Pips 11:06 GMT December 6, 2004 Reply   
still more to go traders

Currency Short Long TrendShort TrendLong
EURUSD 1.3462 1.3430 Hold Buy
USDJPY 102.5703 102.1350 Hold Hold
GBPUSD 1.9452 1.9402 Hold Buy
USDCHF 1.1383 1.1330 Hold Hold
EURCHF 1.5299 1.5247 Hold Hold
AUDUSD 0.7791 0.7736 Hold Hold
USDCAD 1.1968 1.1921 Hold Hold
NZDUSD 0.7250 0.7204 Hold Buy
EURGBP 0.6930 0.6911 Sell Hold
EURJPY 137.8644 137.4312 Hold Buy
GBPJPY 199.3174 198.4661 Hold Buy
CHFJPY 90.2306 89.9771 Hold Hold
GBPCHF 2.2115 2.2014 Hold Hold
EURAUD 1.7355 1.7256 Hold Buy
EURCAD 1.6088 1.6038 Hold Buy
AUDCAD 0.9295 0.9245 Hold Hold
AUDJPY 79.6940 79.2592 Sell Hold

dc fxq 11:02 GMT December 6, 2004 Reply   
' ... orce ECB and possibly FED to join in later ..."

FED has nothing to do with it! Treasury only

San Diego DC 10:59 GMT December 6, 2004 Reply   
Tokyo IM,
Received your offer. Thank you very much

dc fxq 10:58 GMT December 6, 2004 Reply   
hk ab 09:16 GMT

the strong dollar policy ended when Clinton and Rubin left town in Jan 2001.

Gen dk 10:57 GMT December 6, 2004 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

prague jv 10:55 GMT December 6, 2004 Reply   
It wud make sence , before buying usd intervention for SNB and BOJ to buy big time Eur and sell they own . That can be first step and force ECB and possibly FED to join in later , while ahead of the geme . Then anloaded all the eur for usd .

San Diego DC 10:55 GMT December 6, 2004 Reply   
Tokyo IM,

Don't know what happened there, but I just sentyou an E-mail to the address you just gave me. In case you don't receive it, could you try sending me an E-mail to "dchalasani" followed by "@" sign, followed by "san" and then.."rr".."com"
Type in the letters that are marked with " " with a dot before the last two words.

Thanks for all your help

Dallas GEP 10:54 GMT December 6, 2004 Reply   
OK

Tokyo IM 10:53 GMT December 6, 2004 Reply   
San Diego DC 10:44 GMT December 6, 2004 // Sent it, enjoy new mail.

KL KL 10:47 GMT December 6, 2004 Reply   
short gbpusd 1.9438 sl 7 above

Tokyo IM 10:47 GMT December 6, 2004 Reply   
San Diego DC 10:44 GMT December 6, 2004 // I did not get any mail from you or Jay. I was wondering if you sent it. TK JF could contact me no problems. OK, sent me mail at *ian* at sign *ian* .... *cx*

San Diego DC 10:44 GMT December 6, 2004 Reply   
Tokyo IM,
Did you get my E-mail which Jay sent you again today ? This is in regards to your gmail offer.

prague jv 10:33 GMT December 6, 2004 Reply   
lets keep an i on 102.60 . still negative for usd till belowe .

tk jf 10:32 GMT December 6, 2004 Reply   
im - it wud be nice - gl today

Hong Kong Qindex 10:28 GMT December 6, 2004 Reply   
USD/CAD : Current Comment.  Register with Jay at [email protected] if you have no access to my page.


Tokyo IM 10:27 GMT December 6, 2004 Reply   
tk jf// lets see if you can pull "A", "B", "C" thing again with you lottery tickets ... GL

tk jf 10:25 GMT December 6, 2004 Reply   
im i bought lottery tickets today - try to parlay into somethng bigger !!

china qq 10:24 GMT December 6, 2004 Reply   
hello guys.. good week start..hehe.... how r u guys doing..?? everything is ok..??good luck all

Tokyo IM 10:22 GMT December 6, 2004 Reply   
tk jf// good day, did you enjoy your "Heineken"?

KL KL 10:19 GMT December 6, 2004 Reply   
out +9 at 31...no cute stuff today...just collect

prague jv 10:18 GMT December 6, 2004 Reply   
chf and jpy going hand in hand , or can we say SNB and BOJ ??

better look out . gl

KL KL 10:08 GMT December 6, 2004 Reply   
short gbpusd 1.9440 sl 7 above

Mumbai CSG 10:05 GMT December 6, 2004 Reply   
Isn't the recent rollercoaster of dollar more of a correction than bad-omen.....any comments?

Syd 10:03 GMT December 6, 2004 Reply   
Hosoda: No Truth To Report Japan Planning Tsys Sale

KL KL 09:51 GMT December 6, 2004 Reply   
out lon 1.9427 +27-10 = 17...still ok for now

Gen dk 09:49 GMT December 6, 2004 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Syd 09:44 GMT December 6, 2004 Reply   
Buba's Weber: Recent Euro-Dollar Movements Unwelcome

Hong Kong B747 09:41 GMT December 6, 2004 Reply   
http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&rd=1&item=5541589355


any comments? is it worth?

gt

KL KL 09:40 GMT December 6, 2004 Reply   
in again 1.94

tk jf 09:36 GMT December 6, 2004 Reply   
despite pressure from all corners i doubt bush puts in play a guy who hammers away at japan.... japan supports bush and has people on the ground in iraq despite it being extremely unpopular here - i wud think everything will be scripted and anyone posing to talk outside official lines will not be given the job

KL KL 09:36 GMT December 6, 2004 Reply   
fell for that again..relong lower!!

KL KL 09:33 GMT December 6, 2004 Reply   
long gbpusd 1.9408...previous short +2...motto never let a winning trade lose +ve better than -ve...Can say good trading day

Hong Kong B747 09:31 GMT December 6, 2004 Reply   
jf // good one; it is always the same sun, just the burns are new :)

gt

London. 09:30 GMT December 6, 2004 Reply   
Johannesburg Merlin 07:18 sorry for the late reply server down, and yes South Africa Central Bank .

tk jf 09:29 GMT December 6, 2004 Reply   
whoever the new guy will be - there are a handful mentioned - you can be sure what he will be saying

Hong Kong Qindex 09:25 GMT December 6, 2004 Reply   
AUD/USD : Current Comment.  Register with Jay at  [email protected] if you have no access to my page.

Tallinn viies 09:22 GMT December 6, 2004 Reply   
*DJ US Embassy: Attack On US Consulate In Saudi Arabia

Hong Kong B747 09:21 GMT December 6, 2004 Reply   
hk ab // "weak USD" must go away at one point; changing pions at positions are normally an indicator for a trigger for a trend change; the question is not if USD will reverse towards getting 40%-50% stronger but when.

I think Snow goes thanks to Ohio and not because of USD rate.

gt

hk ab 09:16 GMT December 6, 2004 Reply   
B747//The leave of Snow signals the two years' "Weak dlr policy" gone?

van Gecko 09:15 GMT December 6, 2004 Reply   
SNB seems to be the one putting the money where their mouth is.. Friday may had been an aberration..



KL KL 09:08 GMT December 6, 2004 Reply   
short gbpusd 1.9428 sl 7 above...no prob in Jeddah??

LondonJoe 09:05 GMT December 6, 2004 Reply   
Thx again CapeTown. another central bank grows white wings...dovish SNB comments looks like they may sit out hiking at the next snb meet
SNB's Roth Says Easing Growth, Dollar May Prompt Stable Rates
SNB'S ROTH SAYS OIL, DOLLAR MAY `DELAY' HIGHER RATES IN EUROPE
*SNB'S ROTH SAYS DOLLAR WEAKNESS IS HURTING EUROPEAN GROWTH
*SNB'S ROTH SAYS GLOBAL GROWTH WEAKENING `CAN'T BE RULED OUT'
*SNB'S ROTH DOESN'T SEE A `NORMALIZATION' IN OIL PRICES SOON

KL KL 08:54 GMT December 6, 2004 Reply   
US consulate in Jeddah Sealed...smoke seen...check latest news.....out gbpusd short at 32 +6

Hong Kong B747 08:50 GMT December 6, 2004 Reply   
Snow's leave; is it USD positive or negative?

Will Snow's departure (alone) make the difference or the action due only when the replacement becomes known?

tia and gt

Cape Town 08:48 GMT December 6, 2004 Reply   
I think they're quite pragmatic about ZAR strength, realistically speaking there's not too much they can do if the dollar is collapsing everywhere else. GDP grew around 5.5% last quarter, very strong domestic demand offsetting exporter woes, disposable income increasing from the drop in interest rates already this year, with the Christmas shopping time fast approaching, seems less likely they'll add fuel to the fire. Reserve data tomorrow might give an indication if they are particularly unhappy with rand strength. ZAR has also been quite stable against EUR and GBP where a lot of our trading partners are located.

tk jf 08:47 GMT December 6, 2004 Reply   
ab totally agree re chf

tk jf 08:47 GMT December 6, 2004 Reply   
ldn - im a minnow of fx-- my view is we will see boj n ecb but no fed - if you see joint intervention across the wires thats the one to really notice, fed action wont be seen right now (unfortunately)

Makassar Alimin 08:46 GMT December 6, 2004 Reply   
London Alex 08:32 GMT December 6, 2004

that's exactly the problem i am facing at the moment, missed the train when i waited at 1.3180/1.32, now raise my entry limit but there is that little voice saying i might not see my target entry level anymore this year, tough, i think i will just be watching this and see if i got my entry limit executed, won't chase the train at the moment, at least not before some daily consolidation range is happening

hk ka 08:43 GMT December 6, 2004 Reply   
hi , all

hk ab 08:39 GMT December 6, 2004 Reply   
jf, viies//We need some preludes from dlr/chf if something big is going to happen on majors.

Dlr/jpy is quite a good buy around 102.

KL KL 08:37 GMT December 6, 2004 Reply   
short again gbpusd 1.9438 sl 7 above

LondonJoe 08:35 GMT December 6, 2004 Reply   
Thanks CapeTown... and is the SARB still uncomfortable with the ZAR at these levels..?

Tallinn viies 08:32 GMT December 6, 2004 Reply   
good morning world!
sold euros 1,3436.
target 1,3380/85.
no stop at this stage, will cover soon if no move down within couple of hours

London Alex 08:32 GMT December 6, 2004 Reply   
Makassar Alimin 08:27 - I agree. I am taking profits on a portion of my long term positions for a lower re-entry nearer 1.32. The only question is - will I be able to get back in?

Cape Town 08:28 GMT December 6, 2004 Reply   
LondonJoe, seems to be more and more talk of no change down here.

Makassar Alimin 08:27 GMT December 6, 2004 Reply   
London Alex 07:52 GMT December 6, 2004

agree there, euro could go much higher since people are betting about potential top which is dangerous thing to do, given that we haven't heard anything that could change the dollar bearish sentiment, those euro short specs position itself can provide enough fuel for euro to rally 300 pips or so once 1.35 is taken and people realise that there is nothing to worry about intervention at that level, personally though i would like to see lower euro first to get into the next bull train

Ltn th 08:24 GMT December 6, 2004 Reply   
Alex, It was mentioned as long ago as 3 years+ based on historical levels. A lot has changed since and many will have adjusted their targets and timeframes. The nett result could be at least a small pull back there as some profits are locked in.

LondonJoe 08:24 GMT December 6, 2004 Reply   
The SARB decision is this Thursday , the market has roughly 25bp cuts priced in... the risk with the usd/zar here is for a 50bp cut IMHO , as they will be uneasy with the ccy here as they have mentioned in the past. The other central bank meets this week include other commonwealth ccys... AUD NZD AND CAD>...all have a dilemna.. they would all love to be hiking rates to combat domestic concerns but their ccy strength is taking the forefront on monetary policy.

* The RBA meets tomorrow and there is no chance of any move.
* The RBNZ meets on the 9th once againg they will be enjoying christmas drinks
* The BOC decision is due tomorrow and only has 10pct chance ofa 25bp hike priced in.... the ccy and weak data of late taking a lot of sentiment out of the curve there

London Alex 08:20 GMT December 6, 2004 Reply   
tk jf 08:14 - THat's not what FT's Lex column says today...
http://news.ft.com/lex

london iain 08:19 GMT December 6, 2004 Reply   
roughly 1.3550 will be the big initial target = synthetic double top in '95 (or good as) as well as a peak in Jan '92.

KL KL 08:18 GMT December 6, 2004 Reply   
rats should have waited to exit or short, short again at 1.9437 sl 7 above... out 1.9428 ..that took care of the previous loss +2

tk jf 08:14 GMT December 6, 2004 Reply   
joint intervention is the one to look out for - but at present its rated at a very low chance of occurring

London Alex 08:12 GMT December 6, 2004 Reply   
Ltn Th - I haven't heard this $1.36 level spoken of. What is it based on, a technical target of some sort? It woudl seem to me that a psychological target of $1.40 would be a more logical target...

KL KL 08:11 GMT December 6, 2004 Reply   
short gbpusd 1.9426 sl 7 above

Ltn th 08:10 GMT December 6, 2004 Reply   
1.36 has been a bit of a magic target for l/t players and we could expect some serious profit taking around there. After that we are possibly in unchartered territtory.

Auckland pnm 08:09 GMT December 6, 2004 Reply   
has anyone seen central bank intervention actually occur recently? I'm just curious as how that might appear. do they wholesale dump or is it more subtle.
Me thinking that Eur will go higher yet. at the moment this phase now looks like the consolidation required before more up action. but hey I'm new at this :+)

KL KL 08:09 GMT December 6, 2004 Reply   
out at +11 at 1.9413...relong lower

KL KL 08:07 GMT December 6, 2004 Reply   
long gbpusd 1.9402 sl 7 below

BRISBANE PhD 08:05 GMT December 6, 2004 Reply   
Long EUR/USD 1.3426. Initial stop 1.3396.

Hong Kong B747 07:59 GMT December 6, 2004 Reply   
London Alex 07:52 GMT December 6, 2004

I beleive that a better term to use is "remind the markets to reverse"; the price to trigger the reverse is somewhere between 1.43-1.47

gt

Dallas Mauricio 07:58 GMT December 6, 2004 Reply   
Good Day everyone. GL/GT.

London Alex 07:52 GMT December 6, 2004 Reply   
Anyone have any thoughts about intervention levels on euro/USS? I find it quite interesting that various groups (including Creditagricole), now believe that $1.40 is a more likely level, rather than $1.35. Nonetheless, traders appear nervous ahead of $1.35. However, given that euro longs have fallen to a very low level, I wonder whether such nervousness is justified since there is not an extreme spec dollar short in market at this time which is needed for a sharp spec-driven correction. anyone wish to contribute some thoughts? many thanks

tk jf 07:48 GMT December 6, 2004 Reply   
Johannesburg Merlin 07:18 GMT December 6, 2004
we knew what he meant - he was just trying to be helpful - dont need to be difficult

KL KL 07:44 GMT December 6, 2004 Reply   
out short gbpusd at 20 +7.

Johannesburg Merlin 07:18 GMT December 6, 2004 Reply   
London
You mean SOUTH Africa's central bank...
We do not decide on monetary policy for the whole Africa.

Oh, and there are no lions walking around in the streets either...

London. 07:14 GMT December 6, 2004 Reply   
Growing expectations of a rate cut by Africa's Central bank Thursday with USD/ZAR up slightly

Singapore 07:07 GMT December 6, 2004 Reply   
Makassar Alimin ok, just wondering why you was about to have a heart attack when you saw the euro ticker down at 1.3285 earlier. i am waiting to short above 1.35 or on a break of 1.3350

Miami OMIL (/;-> 06:59 GMT December 6, 2004 Reply   
Sorry for the error on my last post but the key retracement number should be 3260-70 not (3080-3100).

Dallas GEP 06:52 GMT December 6, 2004 Reply   
102.28 short usd/jpy

SF LongView 06:45 GMT December 6, 2004 Reply   
John Snow's days are numbered, as U.S. Treasury Secretary, according to an article in The New York Times. I have provided a link to the article on the Financial Forum.

KL KL 06:45 GMT December 6, 2004 Reply   
short gbpusd 1.9427 sl 7 above

Makassar Alimin 06:43 GMT December 6, 2004 Reply   
Singapore 06:05 GMT December 6, 2004

not yet, still waiting for my order to be filled, but observation was suggesting that could be the possible target of this leg after last week's move in particular last thursday and friday

do you have any position at the moment?

lax-lgb SNP 06:34 GMT December 6, 2004 Reply   
£/¥ looks good ahead of 198.25-42 for intra-day longs

Miami OMIL (/;-> 06:12 GMT December 6, 2004 Reply   
Hello hope everyone had a good weekend with this latest close above the 3400 resistance and break of the resistance 3440-50 for eur/usd pair I see the bulls preparing to test the main objective number on my system (3500-30). With over extended indicators on just about every chart I can see and $ correction overdue the bulls mounted an attack on the bears Friday and set new highs as usual for this pair. As long as the new resistance (3460-70) holds then the bears can take a breather and unwind the indicators a bit immediate support looks to be around the 3430-40 area. I thought a correction might happen before the main target would hit but that is not looking like it might happen anymore. Until price action indicates other wise I will continue to buy on dips with tight stops.

Resistance for eur/usd pair stands now at 3460-70, 3500-10 and 3530-40. Main objective is still around the 3500-30 area.
Immediate retracement numbers are 3400-10, 3350-60, 3320-30, 3290-3300 and 3245-3055.
Retracement numbers are 3340-50, 3260-70, 3200-10, 3140-50 and 3060-70.
Second wave retracement numbers are 3260-70, 3150-60, 3050-60, 2950-60, and 2830-40 for now key retracement number is 3080-3100.
Support T/L is around 3400-3410, 3325-35 and 3290-3300
Support is around the 3400-10, 3360-70, 3320-3230, 3280-3300, 3250-60, 3200-10, 3140-50 and 3120-30 for now key support is around the 3250-60 area IMHO. GL GT

KL KL 06:11 GMT December 6, 2004 Reply   
out short gbpusd 1.9427 +10 at 17

Singapore 06:05 GMT December 6, 2004 Reply   
Makassar Alimin, so are you long?

Makassar Alimin 05:48 GMT December 6, 2004 Reply   
euro 1.35 should be on the card, probably when London wakes up
we have been consolidating near the top of friday's closing for the whole of asian session

Syd 05:22 GMT December 6, 2004 Reply   
USD index risks correction toward year-end, as oversold divergences still intact on daily charts short USD should place trailing profit-taking orders above 82.36 (descending channel top) and to continue lowering this level in conjunction with channel top/ USD index last 80.98 according to RBC.

KL KL 05:19 GMT December 6, 2004 Reply   
short gbpusd 1.9427 sl 7 above

London. 05:12 GMT December 6, 2004 Reply   
Intervention an option vs sudden FX moves-Japan LDP
Sun Dec 5, 2004 10:00 PM ET
TOKYO, Dec 6 (Reuters) - Currency intervention is one option to deal with sudden, speculative moves in the foreign exchange market, but is not something that can determine the market's direction over the longer term, a top Japanese policymaker said on Monday.Kaoru Yosano, the policy council chairman of the dominant Liberal Democratic Party, was speaking to Reuters as the dollar held near a five-year trough against the yen below 102 yen .Asked if currency intervention, possibly in concert with other countries, would be necessary to counter the yen's recent strength against the dollar, Yosano said: "Intervention is one option under the framework of international cooperation to deal with sudden foreign exchange rate movements stemming from speculation."But over the longer term, currencies should reflect economic fundamentals, and foreign exchange rates should be decided by the market, he said."Intervention is effective against short-term, speculative moves," he said. "But over the mid to long term, it is natural for currencies to reflect various nations' economic fundamentals."Yosano said he believed the re-elected administration of U.S. President George W. Bush desired a strong dollar, and he "had faith" that Washington would continue to pursue that policy.Japanese financial authorities have stepped up their verbal intervention in the currency market recently as the dollar has slid some 10 percent in the last three months to record lows versus the euro and has fallen 11 percent against the yen since May.But they appear to have refrained from entering in the market since March.Japan sold some 15 trillion yen in intervention in January-March, after a record 20 trillion yen last year.Yosano said currency markets have been dominated by the dollar's broad-based weakness on concerns over the U.S. fiscal and trade deficits and its low savings rate.

Dallas GEP 04:58 GMT December 6, 2004 Reply   
Back in a couple of hours OUT on euro short at BE

prague jv 04:09 GMT December 6, 2004 Reply   
still do see the 0.7836 aud/usd as key level .
we had first break to the downside to 0.7700 , then pullback to the 0.7830 and then exhaustion movment to 0.7730 for this leg . Now ready ( after intraday pulback) to attack 0.80 , but will be interesting to see price akcion on the 10th December as the rely might be toppish . have to wiat and see.

Hong Kong Qindex 04:08 GMT December 6, 2004 Reply   
USD/CHF : Current Comment.  Register with Jay at  [email protected] if you have no access to my page.

San Diego DC 03:52 GMT December 6, 2004 Reply   
EUR/$

Next likely top for EUR/$ is in the 1.3497 area (Measured move) and 1.3530-1.3550 area is a possibility for EUR before tomorrow's (Monday Dec 6th)NY close.

prague jv 03:45 GMT December 6, 2004 Reply   
jf, good mornig/afternoon
just did have a look on CHF per your comment and noticed that eur/chf did breake level above 1.5153 and usd/chf not able to hold and now belowe 1.1464. This is another reminder of possible usd negative movment .

Dallas GEP 03:35 GMT December 6, 2004 Reply   
1.3450 short on EURO

Philadelphia Caba 03:30 GMT December 6, 2004 Reply   
Put wider s/l for eurgbp short (0.6950), out for few hours sleep. GL.

Dallas GEP 03:27 GMT December 6, 2004 Reply   
Shorts on GBP from 1.9410/15 level should also work well and I would think would be the preffered direction anyway.

Dallas GEP 03:24 GMT December 6, 2004 Reply   
Well 1.9390 support on GBP so LONG plays ahead of that will work for a while but USE tight stop. The ranges on the GBP pairs will probably TIGHTEN as we approach data annoucement. If I were long on GBP above 1.94, I would NOT be comfortable with data pending. That is why at sometime prior to annoucement I expect the 1.9390 to break maybe sooner than we think. This WILL affect of course eur/gbp as eur/usd will probably not short as fast as gbp. So eur/gbp shorts probably need to have a 15-20 pip stop to stay in depending on where you took shorts from.

tk jf 03:18 GMT December 6, 2004 Reply   
jv--eurchf and $chf need to be able to move freer to turn this around and thats not happening yet, we tried but gains were quickly given back and reversed- my yen view is being tested again but i still stick to same sentiment just the short term rewards are harder to come by at the moment excluding the 150 point bounce last week...... gt today

prague jv 03:15 GMT December 6, 2004 Reply   
Interventions type of selling euros to the market , or selling just jpy is not effective at all . The only way be effectieve is to have buying usd thing , where other crosses stay moustly flat overall with distribution of usd to croses later.
The right time to be aware of possible intervention is , when usd cycles become harmoniside and to do that , we need still more usd weaker . Just thoughts. gl

Dallas GEP 03:13 GMT December 6, 2004 Reply   
YEP Caba, I am

Dallas GEP 03:12 GMT December 6, 2004 Reply   
Out 1.9415 on GBP +14...Shooting for a pip total of 100+ prior to end of London.

Philadelphia Caba 03:10 GMT December 6, 2004 Reply   
GEP, r'u keeping eur/gbp short through UK data today?

Dallas GEP 03:00 GMT December 6, 2004 Reply   
1.9401 long on GBP

London. 02:38 GMT December 6, 2004 Reply   
Goldman Sachs says the upbeat tone of the ECB is unsustainable its probably consistent with them staying on hold for time being but they believes risk skewed to the downside for both growth and short rates

prague jv 02:34 GMT December 6, 2004 Reply   
Looking at system cycles , GBP is sticking out with its synchronization to other crosses . Later today we going have a 09:30 GMT- Oct Manufacturing Output and 09:30 GMT- Oct Industrial Output from UK . Which we can expect to be the main movement for today .

Some numbers from med. term system of interest ( at least for me) are : 0.6959 for eur/gbp
1.9106 usd/gbp
1.3380 eur/usd
Distance from these levels and current price is good for refference on trend intensity .

GBP is in overbougt territori and bad news can triger pullback , not reverse ( at least for now) .

Atl TJ 02:31 GMT December 6, 2004 Reply   
SG Kan
Jury is still out. Potential divergence doesn't mean a thing unless confirmed. If I take an Qiwi posi it will be a Short based on divergence for 20 - 40 pips or so.

Bahrain Within 10 Pips 02:29 GMT December 6, 2004 Reply   
eur/gbp is a sell here

Bahrain Within 10 Pips 02:27 GMT December 6, 2004 Reply   
sorry about that
Currency Short Long TrendShort TrendLong
EURUSD 1.3474 1.3399 Hold Buy
USDJPY 102.46 101.84 Hold Hold
GBPUSD 1.9445 1.9368 Hold Buy
USDCHF 1.1374 1.1277 Hold Hold
EURCHF 1.5248 1.5191 Hold Hold
AUDUSD 0.7843 0.7766 Hold Hold
USDCAD 1.20 1.19 Hold Hold
NZDUSD 0.7256 0.7188 Hold Buy
EURGBP 0.6931 0.6903 Sell Hold
EURJPY 137.49 137.03 Hold Buy
GBPJPY 198.71 198.04 Hold Buy
CHFJPY 90.37 89.92 Hold Hold
GBPCHF 2.2051 2.1927 Hold Hold
EURAUD 1.7250 1.7166 Hold Buy
EURCAD 1.6079 1.5975 Hold Buy
AUDCAD 0.9338 0.9275 Hold Hold
AUDJPY 79.92 79.49 Sell Hold

SG Kan 02:26 GMT December 6, 2004 Reply   
ATl TJ
Are you expecting Kiwi to strengthen further? Please advise. Thanks

Bahrain Within 10 Pips 02:24 GMT December 6, 2004 Reply   
euro and cable still buys traders

Currency Short Long TrendShort TrendLong
EURUSD 1.3474 1.3399 Hold Buy
NZDUSD 102.46 101.84 Hold Hold
EURJPY 1.9445 1.9368 Hold Buy
GBPJPY 1.1374 1.1277 Hold Hold
CHFJPY 1.5248 1.5191 Hold Hold
EURAUD 0.7843 0.7766 Hold Hold
USDJPY 1.20 1.19 Hold Hold
GBPUSD 0.7256 0.7188 Hold Buy
USDCHF 0.6931 0.6903 Sell Hold
EURCHF 137.49 137.03 Hold Buy
AUDUSD 198.71 198.04 Hold Buy
USDCAD 90.37 89.92 Hold Hold
EURGBP 2.2051 2.1927 Hold Hold
GBPCHF 1.7250 1.7166 Hold Buy
EURCAD 1.6079 1.5975 Hold Buy
AUDCAD 0.9338 0.9275 Hold Hold
AUDJPY 79.92 79.49 Sell Hold

Atl TJ 02:22 GMT December 6, 2004 Reply   
FWIW I see some potential divergence creeping up on the Qiwi 30 min chart.

Philadelphia Caba 02:00 GMT December 6, 2004 Reply   
Good evening everyone! GL> to all! GEP, just get back from weekend trip to NYC and read e-mail from you - appreciate it! Thanks.

perrie como 01:58 GMT December 6, 2004 Reply   
http://service.spiegel.de/cache/international/spiegel/0,1518,330728,00.html

interesting bond gold historical ref

Dallas GEP 01:39 GMT December 6, 2004 Reply   
Got out at +5 screw it, I am going to eat

KL KL 01:23 GMT December 6, 2004 Reply   
long gbpusd 1.9412

Dallas GEP 01:19 GMT December 6, 2004 Reply   
1.3232 long on EURo now looking for 20 pips again

KL KL 00:58 GMT December 6, 2004 Reply   
out eurusd +2 pips at 45....not much hunting today

SM Moris 00:51 GMT December 6, 2004 Reply   
Moscow Hawk
Please, let me know if I may get your e-mail address @ Global-View. Thank you.

KL KL 00:51 GMT December 6, 2004 Reply   
short eurusd 1.3447 sl 7 above quick play

Sydney 00:38 GMT December 6, 2004 Reply   
IMM specs

Sydney 00:36 GMT December 6, 2004 Reply   
Australia's newspaper job ads fall 1.8% in on-month in November
anz survey

London. 00:33 GMT December 6, 2004 Reply   
China still has risk of overheating and also with Beijing has saying it won't respond to outside pressure revaluation of its currency, would imagine however ,when it does the European currencies will fall back dramatically as this move should already price in the revaluation fully and in this type of market any talk from either the US or China regarding market moves overdone would cause dramatic moves JIMHO

Dallas GEP 00:32 GMT December 6, 2004 Reply   
Actually I meant to say EUR/JPY was on support at tthe time, Sorry...U R welcome

Atlanta-South 00:28 GMT December 6, 2004 Reply   
Dallas GEP: Thanks, I see your point. In the future will follow USD/JPY along with EUR?/USD. As alway its good to get your thougths & advice. Always HELPFUl. GL & GT.

Antwerp Tom 00:25 GMT December 6, 2004 Reply   
Thanks GEP, you're confirming my thoughts

Dallas GEP 00:24 GMT December 6, 2004 Reply   
Tom, EUR and GBP are both setting up for reversals but NOT yet confirmed.

London. 00:23 GMT December 6, 2004 Reply   
ECB Vice President: High Euro Vs Dollar Unwelcome

TOKYO (Nikkei)--Lucas Papademos, vice president of the European Central Bank, said that the recent slide in the value of the dollar against the euro is unwelcome. But despite the considerable appreciation of its currency, the euro zone's economy has managed to perform rather well due to its industrial competitiveness, he said in a recent interview with The Nihon Keizai Shimbun. Papademos added that Europe will be able to raise its productivity further by introducing new technologies.

Atlanta-South 00:23 GMT December 6, 2004 Reply   
John: I am NO PRO compared to many on this FORUM, but Dec offers Volatile Movements like any MONTH can. The TRICK is learning to tell when these movements might occur. Sometimes this can be hard to learn. READ & study technical analysis books this should help. Some on this FORUM are willing to help, just ask again. BEYOND this I can't advise any futher, because in many ways I'm still learning myself & my advice on TECHNICALS might harm more than help. Anyway GOOD LUCK & GOOD TRADING.

Dallas GEP 00:22 GMT December 6, 2004 Reply   
Atlanta South....101.80 was established as a temporary bottom last week on usd/jpy. PLUS sometime you take a position on ONE CCY becasue another one that moves with it is at resistance. EUR/JPY was around 137.10 at the time I took USD/JPY long. The reason I closed early us that I try to take around 20 pips in a range trading market which is what we will have early IMO. The yen pairs will move best in ASIA normally and the othere CCY's are normally followers

Antwerp Tom 00:22 GMT December 6, 2004 Reply   
Hi GEP, hope you are doing well. Friday you were expecting a gap up in €/$ at Asia open, since it did not gap up or down, what's your view on the pair now? TIA and GL GT

Dallas GEP 00:17 GMT December 6, 2004 Reply   
Closed USD/JPY @ 102.14 for +19.

Sydney 00:17 GMT December 6, 2004 Reply   
Daily Forex Technical Analysis in Video

prague jv 00:14 GMT December 6, 2004 Reply   
John
Of course it is good to take possition , but if you can not handle vlatility , ot is not good to take possition . Nobody can gie you the right answer , it ie YOU who must know your skills .

KL KL 00:14 GMT December 6, 2004 Reply   
out gbpusd +5 at 1.9435..just nice to start day +ve...now waiting and researching

john 00:07 GMT December 6, 2004 Reply   
Hi there,

I am beginner,is it good to take position during december,because i heard somebody say that market will b very volatile during this month.If so can anyone explain please.Thank u.

 




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