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Forex Forum Archive for 04/05/2004

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CAIRO AG 23:58 GMT April 5, 2004 Reply   
OMIL// Sorry my friend.... should have added ur name...U re one of the Seniors here of course.

shanghai bc 23:48 GMT April 5, 2004 Reply   

OMIL -- Thanks..Long-drawn out wars bankrupt nations..Sunzi warned some 2300 years ago..Long-Drawn-out Vietnam war was the last straw that broke the neck of Gold Standard with massive Dollar devaluation..Good trades..

CAIRO AG 23:46 GMT April 5, 2004 Reply   
Have TWO questions here, to whom are our senior traders
( Athens, Gecko, Qindex, bc, farmacia, saloniko, GEP, ML,..etc):
1- Cable Today.. where could it head to while its that strong ??
2- EurGbp picture for the next quarter..if anyone's playing this of course.

Thanks anyways... GL & GT FOR ALL HERE.

Miami OMIL (/;-> 23:31 GMT April 5, 2004 Reply   
Terrorism will probably have something to say on the dollars continuing decline in the long run too IMHO. BC you might be responding to AB but you benefit everyone that reads your comments thanks again and have a good week. GT

hk ab nzd 0.6 23:21 GMT April 5, 2004 Reply   
BC//the feed back worths more than $...

Thanks and see clear pic.

shanghai bc 23:18 GMT April 5, 2004 Reply   

AB -- On your question on 200 dma..I see a good long-term value in Eur/Usd around rising 250 dma,around 118-119 at present..Prospect of rate hike in USA and rate cut in EZ is short-term benefit for Dollar while all those heavily leveraged firms and individuals in USA will be crushed by rising rates when the rate hike cycle starts..Declining stocks and bonds and real estates thanks to rate hike can never attract enough foreign capital till they become a good value at some point of decline which may be still years away..And while foreingers shun US assets markets,Dollar will still stay in long-term bear channel started in 2001 all thanks to increasing double deficits and lack of foreign money to fill that hole..

On this particular stage of Dollar bounce,Usd/Chf 1.35+ seems to be a conservative target in coming weeks..But I believe long-term money is treating it only as an opportunity to sell Dollar at better levels..Fwiw

Dallas GEP 23:08 GMT April 5, 2004 Reply   
AG, My Yahoo is absolutely screwed up. Did you get my last message???

hk ab nzd 0.6 23:06 GMT April 5, 2004 Reply   
eur/jpy is easier than aud/jpy, sp.

Shg 23:01 GMT April 5, 2004 Reply   
UK Believes Terror Suspects Planned To Make Chem Bomb-TV

lahore FM 22:44 GMT April 5, 2004 Reply   
Lond Dollar/Cad 1.3128 stop at 1.3105.GLGT all.

ithaca sjm 22:33 GMT April 5, 2004 Reply   
Same as yesterday: sell $/Cad 1.3150-70 with s/l 1.3210 or 1.3240 depending on r/r ratio. Still short Euro/CAD. Should see 1.5700 before possible move up to 1.5850 level for a sale down to 1.5350 level. Plenty of overhang on Euro (v Yen, STG etc.) should prevent up uptick in Euro. See 1.1750-1.1800 in this leg down. Ultimately think 1.1350 is on the cards. Still, stay long CAD and sleep peacefully (TP trailing stops in place of course)

usa tom 22:33 GMT April 5, 2004 Reply   
long eur/gbp, short gbp/usd, and short usd/jpy here.

GVI john 21:50 GMT April 5, 2004 Reply   
Much more on GVI. for a free trial contact Jay:
[email protected]


BANK OF ENGLAND
Meeting: April 7/8
Repo Rate: 4.00%
Last 3 mo: 4.38%

Implied Futures:
JUN04: 4.640%
SEP04: 4.860%
DEC04: 5.000%

U.K. money markets seemed focused on a rate hike at the May MPC meeting. This can be seen in the 4.37% three month deposit rate. The markets have backed off sharply from odds that the bank will tighten on April 8. The Bank of England has turned to targeting U.K. "asset inflation" and has set aside any concern about the low level of HICP inflation (+1.4% y/y in January). Both rising housing and stock prices have been a growing issue. The latest Bank of England Monetary Policy Committee minutes suggest that they could wait until the May meeting, and the quarterly inflation report.

NZ Bomber 21:45 GMT April 5, 2004 Reply   
Hi Cairo
Would you be kind enough to send me the address of the Metatrader expert adviser [email protected]
Thanks

OK SZ 21:43 GMT April 5, 2004 Reply   
cairo (mdr) it might be better to post it in the help forum that way your not bombarded with email...

nj ss 21:42 GMT April 5, 2004 Reply   
Cairo would u be kind enough to send me the metatrader address [email protected]

cairo mdr 21:32 GMT April 5, 2004 Reply   
I cam across an expert advisor that works under metatrader, I backtested the advisor and the results for the past 14 months were amazing, it generated a 700% in 14 months, the max consecutive losses was 3 trades, it generated 104 trades, 67 winners and 37 loser, these results are concerning the eurusd 1H, please don't get so anxious, i am not recommending anything, this system needs more backtesting over a longer period of time which is not availble to me right now then a month or 2 of testing over real data. if u want to get a copy of it, it is for free, i can send it to you can reach me through jay. this is not a promotions so all the newbies like me calm down and leave a room for the experts to test it first. hope this can help...
GL & GT

GVI john 21:08 GMT April 5, 2004 Reply   
This report is posted twice daily on GVI. For information on how you can access GVI, contact [email protected]
STRATEGY SESSION —Far East Open
eur/$ 1.2020…$/yen 104.95
DJIA 10,558, +88 pts…NASDAQ 2,079, +22 pts
10-yr 4.21%, +7 bp’s

PERSONAL OPINIONS:

See text on GVI

Shg 20:30 GMT April 5, 2004 Reply   
Strong U.S. payrolls data increase chance of rate rises from Australia's RBA in coming months, say analysts. Bank bill futures now pricing in 25 bps rate rise. CSFB strategists says prospect of strong cyclical recovery in U.S. ups chanc ofe more rate rises in Australia. CommSec analyst Craig James says RBA "much closer" to raising rates now. Notes AUD curve has more positive shape with 10-yr yields about a 0.25% above 90-days----------APP./

Gen dk 19:19 GMT April 5, 2004 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Gen dk 19:13 GMT April 5, 2004 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

usa tom 19:05 GMT April 5, 2004 Reply   
any views on the usd/jpy? TIA.

Gen dk 18:54 GMT April 5, 2004 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Dublin Flip 18:47 GMT April 5, 2004 Reply   
oops 1995 + 15 is 2010 I guess that means six to go

Dublin Flip 18:45 GMT April 5, 2004 Reply   
didn't the dollar bottom in 1995????
You remember it was that Rubin's strong dollar policy and some nasdaq new economy thingy.....
I guess that means it bottoms every 15 years so we still have nine to go- LOL

Gen dk 18:00 GMT April 5, 2004 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Nottingham 17:54 GMT April 5, 2004 Reply   
eurcad very close to primary o/s of 1.5725

saloniko 2004 nk...1.40+++ 17:53 GMT April 5, 2004 Reply   
Good Evening...

1980 we saw a nice Top for Euro and then 1992...a really Beauty one..!!

Frome 1992 till 2004 its again 12 years and i think something is going on every 12 years..

Anyway..
Happy Easter ....!!

nk

nyc fxdh 17:09 GMT April 5, 2004 Reply   
as i said earlier.no meeting in april.. may meeting a few days before employment number. no meeting in july... lookslike aug for increase to me

prague viktor 17:07 GMT April 5, 2004 Reply   
viies,nh thanks

Tallinn viies 17:01 GMT April 5, 2004 Reply   
prague viktor 16:58 GMT - I guess it means they do it sooner rather later to get it done.

Livingston nh 17:01 GMT April 5, 2004 Reply   
Viktor - Financial Forum rather than me take up Trading space-- later - I am off to lunch right now

prague viktor 16:58 GMT April 5, 2004 Reply   
Livingston nh:sir and whats about the election year,do u think isnt a reason for the fed not to rise rate..

Livingston nh 16:55 GMT April 5, 2004 Reply   
CAD - is really dead in the water - I need to see 132.50 this week to stay in this one // 21 da mva breaking below 55 day will kick me out

Rye, NY et 16:49 GMT April 5, 2004 Reply   
Short EUR/USD 1.2010;cut 1.2035;take 1.1955

Va Raven 16:47 GMT April 5, 2004 Reply   
Thanks again, NH and I think you have covered the major part of the macro convincingly, now micro; where is that usd/cad heading to in the next 48 hours?

Tallinn viies 16:46 GMT April 5, 2004 Reply   
hk ab nzd 0.6 14:57 - which trade you mean?

Livingston nh 16:38 GMT April 5, 2004 Reply   
Raven - Friday after the meeting -- watch import prices this week up more than 0.6% ?? also anecdotally everybody says they can't raise prices but both ISM reports showed a majority PAYING higher prices so somebody must be raising prices

Va Raven 16:34 GMT April 5, 2004 Reply   
Thanks for the powerful arguement, NH. Will certainly keep that in my mind and hope the April NFP could be around 170k too. (to be released before or after May FOMC?)

BBY Archie 16:28 GMT April 5, 2004 Reply   
Bot some euro @ 1.2000 SAR @ 1.1960 ...... GL .... Hi ICTML if you are around ..... Gl & GT

Livingston nh 16:27 GMT April 5, 2004 Reply   
Raven - yes (70%) - with the revisions to Payroll on Friday the average jobs this year is 170K per month so there is enough cover for them - I think the Fed is more concerned about inflation (the announcement that Capacity Utilization, a Fed produced number, would be watched closely) the March CPI (and maybe PPI) will be out before May Fed meeting - SO does the Fed warn in the May statement and hike in June? Bonds will tell the Fed whether it needs to hike in May and better to hike than get caught in multiple monthly CPI rises of 0.4 during the Summer of an election year (the lag time of monetary policy worries the Fed)

The Fed (G'span) is reluctant to raise inflation as the issue but that is another story

HK Kevin 16:14 GMT April 5, 2004 Reply   
hk c9 uncle 16:06 GMT, good trade on USD/CHF. Any clue on EUR/GBP?

Va Raven 16:13 GMT April 5, 2004 Reply   
Nobody reads the FED better than you here, NH, but "a hike by FED as early as May".... Did you mean it?

Livingston nh 16:12 GMT April 5, 2004 Reply   
Raven - ??

hk c9 uncle 16:06 GMT April 5, 2004 Reply   
still here ab, taken profit on $/chf long 1.3050 for +550 pts. seems a few shorting $/jpy now, so I went long today, will look to profit 105.70

Va Raven 16:02 GMT April 5, 2004 Reply   
Livingston nh - Are you still around?

ln 16:01 GMT April 5, 2004 Reply   
does anyone have an idea of how active the real market is out there. it feels very slow but predictable today.

hk ab nzd 0.6 15:58 GMT April 5, 2004 Reply   
nt// + the TV advertisement too.

too tired, must sleep early for daxx job tomorrow.

Gen dk 15:56 GMT April 5, 2004 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

hong kong nt 15:53 GMT April 5, 2004 Reply   
AB -- c9 and newspaper expert now talking 95 yen...

hk ab nzd 0.6 15:46 GMT April 5, 2004 Reply   
nt// too many factors driving dlr/jpy now.

Are all c9, uncle at rest?

ln 15:46 GMT April 5, 2004 Reply   
Dublin CK 14:41 GMT & vancouver Thrakos 14:40 GMT. thank you for your replies. Much appreciate your advice.

Gen dk 15:46 GMT April 5, 2004 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Nottingham 15:45 GMT April 5, 2004 Reply   
usdjpy is presently testing the 10 day sma...I think this level is pivotal with a break higher likely to see print of 106 today...similarly a failure will point to roll-over close of 105...gl gt

Gen dk 15:44 GMT April 5, 2004 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

hong kong nt 15:41 GMT April 5, 2004 Reply   
AB -- i feel that USD/JPY may rebound to 106.66 soon...

Gen dk 15:36 GMT April 5, 2004 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

beijing road 15:35 GMT April 5, 2004 Reply   
Nottingham : thanks, sir.

chicago cal 15:34 GMT April 5, 2004 Reply   
tp on my euro short is around 1.1900

Nottingham 15:30 GMT April 5, 2004 Reply   
beijing road 15:20 GMT

secondary for swissy is at 1.3140...sadly this comes in a little above the 200 day sma at 1.3106, so we may not see today's secondary...gl gt

hk ab nzd 0.6 15:23 GMT April 5, 2004 Reply   
history seems repeating, see ya all tomorrow at eur 1.1930.

hk ab nzd 0.6 15:22 GMT April 5, 2004 Reply   
iw// thanks.

Now, I just hope that 200 dma can be "touched" barely.

beijing road 15:20 GMT April 5, 2004 Reply   
Nottingham : whats your second usd/chf o/s level plz? Thanks.

Helsinki iw 15:16 GMT April 5, 2004 Reply   
Good point there ab. Trying to close my last shorts at 1,1950,
although there is a good chance to see 1,1860/70 before a
corrective run higher.

HK Kevin 15:16 GMT April 5, 2004 Reply   
hk ab nzd 0.6 15:12 GMT, that is my 2nd entry level. My crucial resistance is 105.50/70. Stop will be placed above that.

hk ab nzd 0.6 15:13 GMT April 5, 2004 Reply   
one more thing to note is the previous rubber tought resistance 1.1930 is also to watch.

hk ab nzd 0.6 15:12 GMT April 5, 2004 Reply   
Kevin, I need the doll jpy move 10 more to fill my 105.50, tight s/l at 105.68.

hk ab nzd 0.6 15:10 GMT April 5, 2004 Reply   
there should be loads of limit on that 1.1993 for stop sell.

but think another barrier can easily locate at 1.1980.

will my buy limit fill at 1.19??
... :)

hk ooozmeeh 15:07 GMT April 5, 2004 Reply   
my possie in yen..got stopped alredy....

hk ab nzd 0.6 15:02 GMT April 5, 2004 Reply   
small eur/jpy 126.35, s/l 10 pips + day high.

hk ab nzd 0.6 15:01 GMT April 5, 2004 Reply   
yen cross intervention?

HK Kevin 15:00 GMT April 5, 2004 Reply   
hk ab, USD/JPY is moving slowly today. My chart points are 104.30, 104.72 and 105.14.

hk ab nzd 0.6 14:57 GMT April 5, 2004 Reply   
viies, how's your eur trade?

Tallinn viies 14:55 GMT April 5, 2004 Reply   
not an expert there but for me usdjpy seems down as far as 106,30 not traded

hk ab nzd 0.6 14:48 GMT April 5, 2004 Reply   
sp//aud/nzd trend is strong.

hk ab nzd 0.6 14:48 GMT April 5, 2004 Reply   
Kevin, I prefer to join the team a bit higher.....
105.50???

vancouver Thrakos 14:45 GMT April 5, 2004 Reply   
hk ooozmeeh 14:40 GMT April 5, 2004
fwiw....bought usdjpy here @ 105.05 for 104.00. ??

hk ab nzd 0.6 14:45 GMT April 5, 2004 Reply   
yIPPEE, early move on nzd, may spell the weakness on eur

HK Kevin 14:44 GMT April 5, 2004 Reply   
hk ooozmeeh 14:40 GMT, join you at 105.00

hk ooozmeeh 14:43 GMT April 5, 2004 Reply   
corrections... sold usd @ 105.05 with tight stop...

Dublin CK 14:41 GMT April 5, 2004 Reply   
ln 14:33 GMT April 5, 2004

Concentrate on the target, GBP/USD has downward pressure on it at the moment.But it has fallen alot already today.
U should move your stop to your opening position when u start to make a profit. The purpose of that is to safe guard your initial investment. Protection of your capital is one of the most important rules.

As someone said here on this forum before, protect your war chest at all cost. Otherwise your war chest will disappear.

Rgds,

CK

GL/GT

hk ab nzd 0.6 14:41 GMT April 5, 2004 Reply   
break of eur 1.2 will synchronize with eur/gbp .66?

QC WC 14:41 GMT April 5, 2004 Reply   
Farmacia, are you long cable already?

vancouver Thrakos 14:40 GMT April 5, 2004 Reply   
ln 14:33 GMT my advise to you:
Never enter a trade if you do not have an exit strategy in place. simply bad practice
Most newbs spend 2 much time on entry with no exit plan.
Plan your trade and trade the plan.
Always trade with the trend buy bulls and sell bears.
Any strategy that require you to be in the market all the time avoid it period.
Do not risk more then 2 to 4% of your capital.
Your target return should be higher then ur loss 2 to 1 at least.
Your ratio winning trades should be higher then losing trades.

I hope that helps. IMHO .. hehe

hk ooozmeeh 14:40 GMT April 5, 2004 Reply   
fwiw....bought usdjpy here @ 105.05 for 104.00.

sgp sp 14:39 GMT April 5, 2004 Reply   
true :)

hk ab nzd 0.6 14:38 GMT April 5, 2004 Reply   
sp// seems uer/jpy is easier to handle than aud/jpy.

Lindstrom MWH 14:37 GMT April 5, 2004 Reply   
LDN Hat - I think you are on there, though I'm looking at 177-178.5 low on the GBP. Took a 179 put on 3/24.

sgp sp 14:34 GMT April 5, 2004 Reply   
nope, I haven't open any possie yet....place 2 limit shorts, one at 80.35....one at 79.90........if it hits, it hits, if not....

ln 14:33 GMT April 5, 2004 Reply   
any views on when one should take profit. had a short at 1.8186 and did not take profit at 1.8120 and saw it fly back to entry level. now its lower but if i had taken profit i could have been in with a new trade. is this the right way to think about this or should i just concentrate on a target and wait for it or my stop to go?

hk ab nzd 0.6 14:31 GMT April 5, 2004 Reply   
sp// something is on the aud/jpy operation.

have you entered yet?
if not, wait.

I may add a bit higher.

vancouver Thrakos 14:30 GMT April 5, 2004 Reply   
tnx UK .. new to forums i usualy trade in isolation find it to have less interference with my emotions aspecialy when i started doing forex ... now i can manage them little better ... u all know what i mean .

UK ELC 14:29 GMT April 5, 2004 Reply   
imho = in my humble opinion ob = overbought

Porto PJT 14:28 GMT April 5, 2004 Reply   
in my opinion , and oversold

Rye, NY et 14:28 GMT April 5, 2004 Reply   
vancouver Thrakos 14:25 GMT April 5, 2004
IMO........In My Opinion
IMHO......In My Humble Opinion
IMVHO....In MY Very Humble Opinion
OS or o/s....Oversold
GL/GT

Nottingham 14:27 GMT April 5, 2004 Reply   
GER ad 14:21 GMT

some intraday traders are focusing on 2% above the 10 day sma, which comes in at the low 1.3040's, as signs of renewed strength and thus an exit sign...gl gt

UK ELC 14:27 GMT April 5, 2004 Reply   
imo = in my opinion os = oversold

vancouver Thrakos 14:25 GMT April 5, 2004 Reply   
GER ad 14:21 GMT that was a gamble move to bigin with good idea locking 5 ... ok one more time what is imo? and os? thnk you:)

GER ad 14:21 GMT April 5, 2004 Reply   
USD/CHF,
S/L moved at 1.3055 (to lock 5 pips)
EUR/CHF dangerous could break 1.57

Porto PJT 14:21 GMT April 5, 2004 Reply   
In
My
Opinion
try a short below 60 level instead, but carefull , many will square trades for the easter.

vancouver Thrakos 14:18 GMT April 5, 2004 Reply   
ok whats imo?

Ldn Hat 14:17 GMT April 5, 2004 Reply   
IMHO I am shorting more GBP/USD at 1.8180 stop 1.8350 target 1.8050 IMHO Thanks

Nottingham 14:16 GMT April 5, 2004 Reply   
non jobs data won't have a lasting effect on euro price action imo...weekly jobless claims might not have too much effect either and next big sustained move might only come next month when we get the next payroll report...gl gt

Porto PJT 14:13 GMT April 5, 2004 Reply   
vancouver Thrakos 14:06 , 1,1970 is a important fibo level, the r/r is very small, euro is already OS so, dont like the trade, imo.

Livingston nh 14:12 GMT April 5, 2004 Reply   
ISM Prices - "ISM's Non-Manufacturing Prices Index for March is 65.7 percent, a rise of 8.4 percentage points from the 57.3 percent registered for February. In March, the percentage of members reporting higher prices increased 8 percentage points to 43 percent from 31 percent in February, the proportion indicating no change dropped 6 percentage points to 54 percent, and the number who noted lower prices decreased 6 percentage points to 3 percent."

Melbourne Qindex 14:11 GMT April 5, 2004 Reply   
Melbourne Qindex 13:08 GMT April 3, 2004
USD/CHF : My 3-day cycle charts indicate that projected supporting points are positioning at 1.2805 and 1.2874. The market is going to consolidate further between 1.2954 - 1.2988 before testing resistant points at 1.3034 and 1.3356.

vancouver Thrakos 14:06 GMT April 5, 2004 Reply   
could be also a hammer formation before resistance ... entrystopsell below 19990 should safe !! inputs are apreciated

Melbourne Qindex 14:00 GMT April 5, 2004 Reply   
Melbourne Qindex 14:00 GMT April 5, 2004
EUR/USD : It seems to me that the market will head for the barrier at 1.1952 - 1.1954.

nyc fxdh 14:00 GMT April 5, 2004 Reply   
Ism... was 60.8....est.61.5 comes in at 65.8

Melbourne Qindex 13:56 GMT April 5, 2004 Reply   
Melbourne Qindex 06:00 GMT April 3, 2004
EUR/USD : As shown in my 3-day cycle charts projected resistants points are 1.2142 and 1.2168. Projected supporting points are 1.2012, 1.2038 and 1.2063. The bias is on the downside. If the market fails to overcome the projected resistant level at 1.2194 - 1.2201, it is likely to consolidate in the following trading ranges of 1.2012 - 1.2038 - 1.2063 - 1.2090 - 1.2109 before tackling the short term target at 1.1934.

Melbourne Qindex 13:53 GMT April 5, 2004 Reply   
Melbourne Qindex 13:53 GMT April 5, 2004
EUR/USD : A projected resistant level has been established at 1.2067 - 1.2077.

Dublin CK 13:52 GMT April 5, 2004 Reply   
BM,

I agree with you Euro should fall further. It should retrace first before it falls again. It bounced off 1.20 fairly strongly, might take a couple of attempts.

GL/GT

GER ad 13:51 GMT April 5, 2004 Reply   
Tokyo 13:46
~1.3065/68

Porto PJT 13:50 GMT April 5, 2004 Reply   
Tokyo, i have 64.

London BM 13:48 GMT April 5, 2004 Reply   
I think that EUR/USD has got further to fall. Any thoughts?

NYC YIPPEE 13:47 GMT April 5, 2004 Reply   
FWIW Buying EURUSD at 27.. Stop @ 85.. Looking for 1.2230 +++++

Tokyo 13:46 GMT April 5, 2004 Reply   
Hello, does any body know the Usd/Chf high in the last few hours??

Nottingham 13:45 GMT April 5, 2004 Reply   
usdchf target from primary o/b met at 1.3035...that doesn't mean it won't retrace further (can mark trend reversals), only my interest in it ends there...

Dublin CK 13:44 GMT April 5, 2004 Reply   
Cheers Daniel

vancouver Thrakos 13:42 GMT April 5, 2004 Reply   
Closed short EUR USD and long USD CHF 110pips
long EUR USD on the horizon maybe .... what u foks think reversal? or we r getting greedy ?

Nottingham Daniel 13:38 GMT April 5, 2004 Reply   
Dublin CK 13:18 GMT April 5, 2004
This may help you
http://wwp.greenwichmeantime.com/time-zone/usa/eastern-time/index.htm

nyc fxdh 13:36 GMT April 5, 2004 Reply   
No fed meeting in April... May Meeting a few days before employment number.. wouldnt they wait to see if employment trend continues ??

ICT ML 13:31 GMT April 5, 2004 Reply   
Livingston nh 13:27 Bingo on the FED raising in May...been told by bankers since feb to borrow in Feb-April for the year if going to do it at all....and they usually are spot on.

Livingston nh 13:27 GMT April 5, 2004 Reply   
The ISM service sector report is due in a half hour -- the inflation in prices slowed a bit in February's report BUT it could spike in March because higher food and energy prices can't be wished away by these businesses (like the BLS does in its inflation report) // The Fed could move in MAY

GER ad 13:19 GMT April 5, 2004 Reply   
Short USD/CHF at 1.3060 S/L now at 1.3085

Dublin CK 13:18 GMT April 5, 2004 Reply   
Howdo all,

Just wondering, are we all back on the same clock - time - zone. GMT Vs BST is it + or - 1 etc etc

US markets open in 12 minutes?

ln 13:10 GMT April 5, 2004 Reply   
i am trying to work out entry for a few pips here and there (30-40pips). are there any good ways of doing this. i have looked at MACD, MA crossover, RSI and rate of change but all of these are difficult at best of times to trade on the back of. what has been easier is to simply find out what the daily trend is and go with the flow. does anyone have any tricks to make this better technically?

Nottingham 13:08 GMT April 5, 2004 Reply   
eurcad...primary o/s 1.5725 secondary 1.5654

hk ab nzd 0.6 13:04 GMT April 5, 2004 Reply   
c9 uncle, but your friends in hk told me to long chf 1.25 and now, they never got filled....

sgp sp 13:04 GMT April 5, 2004 Reply   
I have limit shorts at Dr Q's levels, see whether it will touch.
This aud/jpy sure tries ur patience....

Nottingham 13:03 GMT April 5, 2004 Reply   
usdchf just hit pimary o/b situated at 1.3065

Eilat Dolphin 13:02 GMT April 5, 2004 Reply   
HK ab/ Five full minutes...! Napoleon in Moskou was better... Even de Gaulle's tanks battalion resisted for two full days to superior German equipment. Ok, make it 1.5 days.

hk ab nzd 0.6 13:02 GMT April 5, 2004 Reply   
but sp// I don't want to make aud/jpy heavy 'cos the big move is not coming yet. just a small entry at 79.02 from this morning.

Nottingham 13:01 GMT April 5, 2004 Reply   
vancouver Thrakos 12:58 GMT

I have learned to trust only the price I see not the price that I or thers expect to see

vancouver Thrakos 13:01 GMT April 5, 2004 Reply   
London just trail it ... thats what i do ... biger trails on big moves tighter on small moves (Volatility)

hk ab nzd 0.6 13:01 GMT April 5, 2004 Reply   
sp// yes, the aud/jpy will follow eur/jpy too.... but takea longer time frame.

mex sjs 13:00 GMT April 5, 2004 Reply   
quito valdez, you have mail....

London BM 12:59 GMT April 5, 2004 Reply   
Still short on EUR/USD. Does anyone have a guide as to how far it should go?

sgp sp 12:58 GMT April 5, 2004 Reply   
ab, r u still holding aud/jpy shorts?
I am thinking of shorting it from Dr Q's level 79.13

vancouver Thrakos 12:58 GMT April 5, 2004 Reply   
Nottingham previous history ds not mean future results ... the trust is still there.

Eilat Dolphin 12:54 GMT April 5, 2004 Reply   
ab/ But there could still be a fight on the border. You know, for the Honor bit. Burn some powder: in France they call "Fantasia" nowadays.

hk c9 uncle 12:52 GMT April 5, 2004 Reply   
hk c9 uncle 15:34 GMT April 1, 2004
long $/chf from 1.2600, glad I didn't listen to the guys who always talk bad about us and go short.

sure did leave the chf open over the weekend, up 5 big figures now on the trade, thanks for the contrarian tipoff.

hk ab nzd 0.6 12:48 GMT April 5, 2004 Reply   
nt// did you meet any c9 today?
think all of them are still having holidays and hope that they didn't leave any eur or chf open over the weekend....

hk ab nzd 0.6 12:47 GMT April 5, 2004 Reply   
jpy becomes the mystery.

hk ab nzd 0.6 12:47 GMT April 5, 2004 Reply   
limit eur long 1.19 x 2 can add later.

perrie como 12:46 GMT April 5, 2004 Reply   
? anyway there might be some doing on the usd/jpy side if able to hold above 105 for 106 or lil higher next days....

Eilat Dolphin 12:41 GMT April 5, 2004 Reply   
hk ab: .96 and 2 minutes hits at .98.

No Atlantic wall for the Euro. Even the Queen of GDP is overlording Europe from below today.

Pray the Channel tunnel stays dry.

perrie como 12:38 GMT April 5, 2004 Reply   
sry for that but short term market is not technicall but machines looking for liquidity...f.ex now eur/usd could go find bunch of orders round 35...those shorted before,...then if enough down again, else up around 1.2075 to squeeze the big bunch....playing a lil on up again and 1.1920 by tom with huge frustrations for many...
simple uh...

Quito Valdez 12:37 GMT April 5, 2004 Reply   
my low printed as 1.2024.

hk ab nzd 0.6 12:36 GMT April 5, 2004 Reply   
does anyone put a barrier at 1.2?

hk ab nzd 0.6 12:33 GMT April 5, 2004 Reply   
eur/jpy kicking 126 door.

Does anyone has the exact low of the last leg down?

Barcelona Tony 12:32 GMT April 5, 2004 Reply   
$chf broke daily trendline to the upside .. the rest is history fellas ... $ up others down ...

perrie como 12:32 GMT April 5, 2004 Reply   
might be tonight might next days but why to run behind intradays in such complex markets...guess u guys sweating too much for brokers pips....buy some good books instead

hk ab nzd 0.6 12:30 GMT April 5, 2004 Reply   
sp// one more thing is that I cut all the eur/aud longs. which of course, taught me a good lesson on it.

waiting for closing my nzd shorts and nzd put options to get some profit back. willl do so this Wed.

Nottingham 12:30 GMT April 5, 2004 Reply   
vancouver Thrakos 12:24 GMT

that's what happened the last couple of times...but third time lucky for dollar? we shall see

Gen dk 12:29 GMT April 5, 2004 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

prague viktor 12:27 GMT April 5, 2004 Reply   
DNT 5/04/ the last day

hk ab nzd 0.6 12:27 GMT April 5, 2004 Reply   
bc//do you think a long on eur @ 200 dma is a good idea? Thanks.

hk ab nzd 0.6 12:24 GMT April 5, 2004 Reply   
does it mean that DNT is now over?

vancouver Thrakos 12:24 GMT April 5, 2004 Reply   
Nottingham dnt say that ur making me lock in profit 2 soon !! :)

hk ab nzd 0.6 12:15 GMT April 5, 2004 Reply   
flat on eur now, 1.2055 filled.

Nottingham 12:14 GMT April 5, 2004 Reply   
lower low done on euro then rally...this happened last Monday

Nottingham 12:07 GMT April 5, 2004 Reply   
hk ab nzd 0.6 11:48 GMT

soft economic data from UK...technically weekly charts are ready for a double bottom which indicates a good move is about to occur (either the double bottom or the failure of which should lead to sharp liquidations thus good downside...so a decent move either way...6600/6610 the lower level to focus on)...gl gt

hk ab nzd 0.6 11:51 GMT April 5, 2004 Reply   
yup, sp, the trend is obvious now.
next eyed is the double top possibility at 1.1690.

sgp sp 11:49 GMT April 5, 2004 Reply   
hi ab, u long aud/nzd?

hk ab nzd 0.6 11:48 GMT April 5, 2004 Reply   
does anyone know what smack the eur/gbp up?

hk ab nzd 0.6 11:47 GMT April 5, 2004 Reply   
nt// do u think 190 will gone soon?
as bc mentioned last week, think the payroll will shed us light on the coming weeks.

I would prefer to pick a good move to take some yen. or eur/jpy.

hk ab nzd 0.6 11:45 GMT April 5, 2004 Reply   
Hi everyone.

Had almost a day off today.

sp// I SAR the aud/nzd 1.1530 eventually.
Think the trend has come.

the eur is still short and just look for the 1.2055 first.

GVI john 11:32 GMT April 5, 2004 Reply   
This report is posted twice daily on GVI. For information on how you can access GVI, contact [email protected]
STRATEGY SESSION --New York Open
Opening Levels:
eur/$ 1.2090…$/yen 104.80
DJIA -10 pts… 10-yr 4.16%, +2 bp
PERSONAL OPINIONS:
For a broad range of opening levels click on GVI’s “Market Snapshot”:
CLICK HERE
Trade looks to be off to a relatively cautious start this week with the Easter break looming and week’s end and into next week. The BOE decision on Thursday looks to be the major highlight, but it will come pretty late in the period to have much of an impact. We don’t see anything from the BOJ on Friday.

It’s been looking to me for a while as though the markets want to buy dollars against Europe and have been looking for a justification for that trade. That’s why many are content not to look too deeply into Friday’s employment report, which was not a strong as it appeared on the surface. I think the market will try to trade on a relative growth rather than a relative interest rate scenario, but often that approach can fail.. Today saw a fall in the Euroarea Services PMI to 54.4 from 55.8 in March. Also February Retail Sales fell 0.8%, instead of rising +0.1% as expected.

As for the BOE decision Thursday, opinions are split very sharply about whether they tighten in April or May. One survey showed 17 of 31 economists feeling that a rate hike is likely. New manufacturing data out today showed a fall of 0.6% in February after an improvement of +0.4% was expected. The services PMI for March fell to 58.7 from 59.5. Both data present the board with an excuse to delay a rate hike if one were needed.

Take this for what its worth. The Ashai news service is reporting that Japanese government sources say the BOJ has not intervened in the yen since mid-March. I don’t know, but there might be some definitional issues in play here about what constitutes intervention. The Nikkei tested above the 12,000 line at one point today. The yen continues to be the most favored currency on the board at the moment.

I noticed a lot of activity on the terrorist front this weekend in Spain and Iraq. This is a very symbolic time of year for many religions, so one should be aware that events are possible.
CALENDAR
MONDAY, APRIL 5, 2004
14:00 GMT- US- Mar ISM Services PMI: vs. 60.8 in Feb

TUESDAY, APRIL 6, 2004
RBA Meeting
23:30 GMT- JPN- 10-yr JGB Auction
05:00 GMT- JPN- Leading Indicators
08:00 GMT- GER- Mar Unemployment: vs. +26 (seas adj) in Feb
12:30 GMT- CDA- February Building Permits
14:00 GMT- CDA- Ivey PMI

WEDNESDAY, APRIL 7, 2004
RBA Decision Announced
01:00 GMT- AUS- April Consumer Sentiment
10:00 GMT- GER- Feb preliminary Industrial Orders: vs. -EUR1.3% in Jan
UK- Bank of England (BOE) Monetary Policy Committee (MPC) meeting
11:00 GMT- US- MBA Mortgage Finance Index
12:30 GMT- US- March Import and Export Prices
13:30 GMT- US- API/DOE Weekly Energy Inventories
19:00 GMT- US- Feb Consumer Credit

THURSDAY APRIL 8, 2004
23:30 GMT- JPN- Weekly Portfolio Data
BOJ Monthly Meeting – Day 1
01:00 GMT- AUS- March Employment Report
Jobs: vs. +1300
Rate: vs. 5.9%
06:00 GMT- GER- Feb Current Account: vs. -1.2 bln in Jan
06:00 GMT- GER- Feb Trade surplus: vs. +ERU12.3 bln in Jan
08:30 GMT- UK- Feb Trade deficit: vs. GBP5.6 bln in Jan
10:00 GMT- GER- Feb preliminary Industrial Output: vs. +0.5% in Jan
10:00 GMT- UK- BOE MPC decision
11:00 GMT- CDA- March Employment Report
Jobs: vs. -22,000
Rate: vs. 7.4%
12:30 GMT- US- Weekly Jobless Claims

FRIDAY, APRIL 9, 2004
Good Friday Holiday AUS, Europe, CDA, US
BOJ Monthly Meeting – Day 2
23:30 GMT- JPN- Feb Machinery Orders

Gen dk 10:50 GMT April 5, 2004 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Ga Lee 10:48 GMT April 5, 2004 Reply   
eur/$ channel on dailies, 1.2074/1.2378, so long now, stop 1.2062, tgt 1.2362

Stockholm za 10:23 GMT April 5, 2004 Reply   

fwiw..........
DPUD @ 410
EUR/USD = ema 233 - Play.......
Happy trading Week to every one.............

Kiyv 10:22 GMT April 5, 2004 Reply   
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chicago cal 10:13 GMT April 5, 2004 Reply   
my tp on cable is around 1.8080

Moscow Hawk 10:13 GMT April 5, 2004 Reply   
Ln, good trades

NP we have different approach to trading. As for EUR/USD my point that is shorting the pair at current levels short term could carry very high risk and not favourable r/r at least on my taste. If price goes back to 1.2200-50 it will not change the picture for the shorts but many shorts initialized around 1.21 will be stopped out.

I think market gave several good possibilities to short the pair recently. First was 1.2330-1.2430 zone and second after the data around 1.2200.

Dolphin, good trades. As you probably know I expect that 1.20-1.21 will fall eventually.

Gen dk 10:09 GMT April 5, 2004 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Avignon NP 10:07 GMT April 5, 2004 Reply   
look at cable, it's going down, and EUR/GBP is late 20p where he should be ahead 20p this make 1.2050 (from now 1.209)

Essex PC 10:07 GMT April 5, 2004 Reply   
Has anyone ever had any problems receiving money from censored in the past ? Its been 9 working days and I haven't seen a bean yet. They have been treating me like s**t and are being very unhelpful.

Melbourne Qindex 10:00 GMT April 5, 2004 Reply   
Melbourne Qindex 10:00 GMT April 5, 2004
AUD/USD : The critical pointof my daily cycle is located at 0.7582. The lower barrier is expected at 0.7458 // 0.7489 and the upper barrier is positioning at 0.7675 // 0.7706. The odds are in favours of taking short position if the market is trading below 0.7613.


... 0.7458 // 0.7489 - 0.7520 - 0.7551 - 0.7582 - 0.7613 - 0.7644 - 0.7675 // 0.7706 ...

Eilat Dolphin 10:00 GMT April 5, 2004 Reply   
Hawk/ It's just that we kind of want to see how the Euro behaves below the 1.2050 area, and my guess is that some big players are/will be waiting. Or pushing.

Avignon NP 09:55 GMT April 5, 2004 Reply   
Moscow Hawk:
Yes we are still in range , but trading is all about anticipation, and I better be short than long today .... on EUR and GBP

ln 09:53 GMT April 5, 2004 Reply   
Moscow Hawk 09:48 GMT. good point. if there had been more follow through i would have been happy to short at any level but after the data on friday the market is not reacting as it should. i hit it a lot and it does very little. who wants to be on the otherside i do not know. if you guys see anyone special would appreciate a heads up.

GER ad 09:52 GMT April 5, 2004 Reply   
Expecting that after a little try to the upside the Dollar will turn lower again in the evening.
It is possible that we will see lower EUR, GBP... but IMHO will be next better level to go short.
(now 1.2093, 1.8210...)

Moscow Hawk 09:48 GMT April 5, 2004 Reply   
The same story as there was few days ago. So many people want to open possies in EUR/USD on the extremes of the range. I personally can not find any good reasons to open fresh euro shorts on current levels around 1.21 at least short term besides thinking that the break of 1.20-1.21 will definitely occur.

Despite I favour downside break as I have pointed before the reasonable stop for the shorts is too far from the current levels. No need to hurry to open fresh shorts if have no position. Without downside confirmation we are still in range.

Good luck

New York City NY 09:48 GMT April 5, 2004 Reply   
I'm selling short Eur/Usd at 1.2100 expeted to go down 1.2050 when US market opens in 3 hours.

Melbourne Qindex 09:45 GMT April 5, 2004 Reply   
GBP/JPY : The odds are good that we can see 188 - 188.5 in 1-2 day.

Gen dk 09:43 GMT April 5, 2004 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

prague jv 09:43 GMT April 5, 2004 Reply   
takeing long aud/usd @ 0.7580
takeing short usd/cad @1.3117 on orders . It is still too early ,and need some confirmation , but there is something going on worth takeing notice . gl

ln 09:28 GMT April 5, 2004 Reply   
cheers. will test short here and add to poss on any upside.

Melbourne Qindex 09:18 GMT April 5, 2004 Reply   
Melbourne Qindex 08:03 GMT April 4, 2004
GBP/USD (Weekly Cycle) : The critical point of my weekly cycle is located at 1.8408. Speculative selling will increase if the market is trading below 1.8254................................................

Avignon NP 09:17 GMT April 5, 2004 Reply   
ln:
I do not know any "good" level ! I'm short GBP/USD since this morning at 1.8262

Philippines newtrader 09:13 GMT April 5, 2004 Reply   
USD/JPY
Trading range: 103.30 – 105.20
Trend: Downward
Sell at 104.84 for 103.55. The upward correction by the Friday has temporary effect and the downward movement will continue.
The slightly recovery of the Yen to 104.70 will be the top correction. We expect to see downward movement this week with target 103.40. The resistance is at 105.10. There are some chances for test of the level 105.00/10 but the downward pressure is stronger and we expect to see levels close to 103 this week.

ln 09:13 GMT April 5, 2004 Reply   
what is good level to enter cable short?

Ina co'z 09:05 GMT April 5, 2004 Reply   
London BM 08:56 GMT April 5, 2004
i'm waiting 1.2150 than 1.2190, may be at 1.2226 for shorting...but now seen 1.2105 have break to going 1.2050...IMO..gl/gt..

HK Kevin 09:01 GMT April 5, 2004 Reply   
chicago cal 08:42 GMT, agree with 1.2056. But I see EUR corect back to 1.2185/95 before heading lower.

Philippines newtrader 08:59 GMT April 5, 2004 Reply   
EUR/USD (1.2107)
Trading range: 1.2010 – 1.2165
Trend: Downward
The market will expect positive news by ISM Index today. We expect to continuing to see positive data by USA. Test of 1.2000 is in daily order and we expect to start this test this week. Sell at 1.2145 for 1.2040.

London BM 08:56 GMT April 5, 2004 Reply   
Am short EUR/USD. I am targetting below 1.20. Anyone else any thoughts/opinions on EUR/USD?

Philippines newtrader 08:55 GMT April 5, 2004 Reply   
Dnipropetrovsk Lara
EXPECT DATA
1000AM EST U.S (MAR SERVICES ISM)

chicago cal 08:55 GMT April 5, 2004 Reply   
montreal:

i did not word that correctly instead of pivot point, i meant key technical level, i will add to my euro shorts on a break below 1.2056

Komsomolsk A/A 08:52 GMT April 5, 2004 Reply   
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Montréal Taro 08:46 GMT April 5, 2004 Reply   
chicago cal
how did you manage to have your pivot point at 1.2056 ?

Montréal Taro 08:46 GMT April 5, 2004 Reply   
chicago cal
how did you manage to have your pivot point at 1.2056 ?

chicago cal 08:42 GMT April 5, 2004 Reply   
euro/usd pivot point is at 1.2056 a break lower would target 1.2000 and prob 1.1900

Kremenchug AA 08:38 GMT April 5, 2004 Reply   
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Nottingham 08:38 GMT April 5, 2004 Reply   
consumer not service

Nottingham 08:37 GMT April 5, 2004 Reply   
cable move could well just be kneejerk as UK economy 2/3 service sector and it has been well flagged by MPC that they are focused on consumer sector and its apparent overheating...gl gt

chicago cal 08:33 GMT April 5, 2004 Reply   
cable short just triggered

Dnipropetrovsk Lara 08:25 GMT April 5, 2004 Reply   
Hi all!
What data are expected today and in what time?
thanks

UA LA 08:22 GMT April 5, 2004 Reply   
Check the following website :
http://judp.censored.com/GB/BOMRU/MLT14165

Ina mr.co'z 07:55 GMT April 5, 2004 Reply   
cable trade range 1.8322/40 - 1.8165 - 1.8050...gl/gt..!

Gen dk 07:55 GMT April 5, 2004 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Montréal Taro 07:46 GMT April 5, 2004 Reply   
test

Avignon NP 07:45 GMT April 5, 2004 Reply   
I'm short Eur/Usd 1.2116 target 1.20 or lower this week

ny ny 07:34 GMT April 5, 2004 Reply   
I'm selling eur/usd going for short target at 1.2050 because eur pmi is down and us ism is up.

perrie como 07:27 GMT April 5, 2004 Reply   

Banks suffer increased hack attacks
fm silicon.com

Hack attacks are becoming increasingly sophisticated, with over a third of banks and financial services companies reporting a security breach in the last year, according to a new survey.

Of the 39 per cent who admitted their systems had been compromised, 16 per cent were due to external attacks, 10 per cent internal breaches and 13 per cent both, according to the 2003 Global Security Survey of worldwide financial services institutions by consultant Deloitte Touche Tohmatsu (DTT).


Although this is the first year of the survey, Simon Owen, partner responsible for risk in financial services at DTT, said based on experience the figures represent an increase and explode the myth that the biggest threat to a company comes from employees.

"It is not just an internal informed activity," he said. "We are seeing more sophisticated attacks and a high level of intelligent attacks with a combination of attacks and the ability to source lots of information beforehand."

Europe leads the way in implementing security policy and standards, as well as leading-edge technologies such as public key infrastructure (PKI) and biometrics. But Owen said it was "worrying" the region also had the lowest level of business continuity and disaster recovery planning.

The US has the highest level of maturity and adoption of disaster recovery planning, following the 11 September terrorist attacks.

IT security is still seen as a necessary cost of doing business by many companies and budgets continue to rise to six to eight per cent of overall IT spend.

And despite the severe economic downturn almost half increased security staff in the last year and two-thirds plan to appoint a chief security officer or chief information security officer in the next two years.

The financial viability of many security vendors and complex integration issues with many products continue to cause IT directors headaches but the main security technologies being looked at by banks over the next 18 months include PKI, smart cards and biometrics.

Florida PC 07:19 GMT April 5, 2004 Reply   
is anybody else's CC MM SS down?

perrie como 07:19 GMT April 5, 2004 Reply   
Worth to mention the aud/cad cross to be followed...housing market in australia is sold and so stocks, while also int. rates topped, at least temporary over spring/summer (north globe)...


bien
nos vemos

perrie como 07:11 GMT April 5, 2004 Reply   
morning world...generally there might be yet some smaller squeezes up as many techs yet mixed,
however once the Eur/Usd breaks below some 1.2035 opens down around 1.19...+-

that's all 4 now
bi



Melbourne Qindex 07:07 GMT April 5, 2004 Reply   
Melbourne Qindex 07:07 GMT April 5, 2004
AUD/JPY : A projected barrier bas been established at 79.75 - 79.83.

Melbourne Qindex 07:02 GMT April 5, 2004 Reply   
Melbourne Qindex 07:01 GMT April 5, 2004
AUD/JPY : the critical point of my daily cycle is located at 79.06. The lower barrier is expected at 77.98// 78.29 and the upper barrier is positioning at 80.14 // 80.45. The daily cycle probability chart indicates that the market has a tendency to trade between 78.29 - 79.52.

Melbourne Qindex 06:45 GMT April 5, 2004 Reply   
Melbourne Qindex 06:45 GMT April 5, 2004
AUD/JPY : The congested area of my daily cycle charts indicate that the market can easily move between 78.59 - 79.52 and the mid-point reference is 79.06.

Nottingham 06:41 GMT April 5, 2004 Reply   
eurgbp one to watch here imo...very close to critical support at 6610/6600...if taken a move to 6557 would be expected before any substantial bounce...this would clear have consequences for the euro (negatives ones)...eurcad also threatening to play lead role by continue to hover just above the 200 day sma...similarly a break lower would be euro negative but it would also drag down usdcad, which could then be bought after the reaction move lower...if none of these events happen if means euro very likely to see downside...gl gt

hong kong nt 06:39 GMT April 5, 2004 Reply   
AB -- looks like April is a month of consolidation on stock and commodity fronts...

boulder dat 06:32 GMT April 5, 2004 Reply   
with cable and euro on the move lower, i'm expecting euro/yen and gbp/yen to start moving lower as well. i'm reading that there is a portfolio adjustment going on with dollar/yen. can't imagine that this will go on all night, but you just never know. so these yen crosses should start to push lower here and through the week. also hearing about offers and stops on $/¥ above the 105 level.

Ldn Hat 06:11 GMT April 5, 2004 Reply   
boulder dat 06:00 definately ;-)

boulder dat 06:00 GMT April 5, 2004 Reply   
Ldn Hat...
you've put yourself in an interesting trade if that is what you are interpreting. you're short cable. but, we all know that it will be sooner, not later, that BOE raises rates. this may send cable a little higher. with euro area set to lower rates, as you interpreted from what was said over the weekend, wouldn't you want to be short euros?

Ldn Hat 05:55 GMT April 5, 2004 Reply   
boulder dat 05:45 They seem to have agrred otherwise in the weekends world financial leaders meeting and seeing that the EU economy needs help IMHO I am of the opinion that they were talking of cutting rates

boulder dat 05:54 GMT April 5, 2004 Reply   
Japan govt source says strong yen has benefits

this could be a policy thought that would send dollar/yen much lower

Melbourne Qindex 05:51 GMT April 5, 2004 Reply   
Melbourne Qindex 05:51 GMT April 5, 2004
CRB Index : The market is having problem to overcome the projected resistance around 284.08. It is likely that the market will retreat back to 273.68. It is too early to say that we have seen the monthly high. If the market retreats further and penetrates through 273.68, the next target is 263.68. On the other hand if the market can overcome the projected resistant point at 290.58, CRB Index has a potential to reach the high around 307.49.

boulder dat 05:45 GMT April 5, 2004 Reply   
ldn hat...

by the ecb suggesting that rates won't stay steady, are they implying a raise or lowering in rates? most would believe considering that growth is almost non existant in the euro area, they would want to lower rates. however, trichet mentioned just last thursday in the press conference that rates are appropriate, and that fiscal policy would be more able to lift growth levels.

hong kong 05:34 GMT April 5, 2004 Reply   
www.hedgefundmgr.blogspot.com is a good stock site in u.s...any good uk futures sites?

Ldn Hat 05:32 GMT April 5, 2004 Reply   
Seems like the over the weekend comments from ECB suggesting that their rates will not stay steady, and also seeing that the end of year repatriation should be almost over I am of the opinion that the dollar has some more strength to show therefore I have shorted GBP/USD at 1.8280 target 1.8180 stop 1.8350 IMHO Thanks

ZP Nemo 05:29 GMT April 5, 2004 Reply   
Seems EUR buying after Europe opening... More up potential after 2175 IMHO

Miami OMIL (/;-> 05:23 GMT April 5, 2004 Reply   
FWIW I have no buy signal on my system for eur/usd. If 1.2085 is the bottom for now then rough fib retracement is 1.2200-05, 1.2235-40 and 1.2270-75. Resistance is around 1.2150-60, 1.2235-40 and 1.2260-65 for now IMHO. GL GT

boulder dat 05:20 GMT April 5, 2004 Reply   
reading a lot that exporters don't expect $/¥ to rise above the 105 level. they are said to be looking to sell in to any strength. with that in mind, if the dollar were to correct against the europeans, and exporters to keep the $/¥ below the 105 figure, then eur/yen and gbp/yen should see a continuation of the selling that has been going on in these currencies.

Dhahran maz 05:14 GMT April 5, 2004 Reply   
AUS Trader Thank you I appriciate it.

AUS Trader 05:10 GMT April 5, 2004 Reply   
buy aud/usd & eur/usd for a good bounce here.

Dhahran maz 05:01 GMT April 5, 2004 Reply   
Hi all
Any suggestions on wich pairs to trade?
Thank you.

SF Augustus 04:54 GMT April 5, 2004 Reply   
Hmm strange thing. On my platform (O.zz A.uss N.ew D.eutch A.uss) data indicates that most specs are long USD/JPY. Punters betting on intervention? Seems still more vulnerable to the downside. Granted these are guppy's in the market. Does anyone have the IMM data?

LAX-LGB SNP 03:36 GMT April 5, 2004 Reply   
weekly formations of EURJPY, GBPJPY, EURUSD indicate a move lower but will wait for added confirmation on USDCHF and USDCAD (especially) near weekly 50 smas before initiating shorts

P.S.
Caribbean! Rafe... 01:37 GMT April 5, 2004

Ga Lee 03:21 GMT April 5, 2004 Reply   
some imp short term levels imo..the 10 sma(1.2113) from eur/$'s hourly chart, & a daily tl(.6626) from eur/gbp's daily...

Singapore alwaysrespectthemarket 03:02 GMT April 5, 2004 Reply   
see good buying orders to buy eur/gbp at 0.6615 20 area... all real money corp interest....

Brisbane L 02:07 GMT April 5, 2004 Reply   
Australian vehicle sales up a strong 13.4% March post record for month, consumers remain undeterred by higher interest rates; vehicle sales normally one of first areas of discretionary spending to slow when rates rise. At current speed, Australian car industry could be on track to reach 1 million unit sales in 2004.

ABC

Shg 01:39 GMT April 5, 2004 Reply   
Australian job ads rise 0.3% on-month in March to 17-month high, ANZ jobs ads survey. ANZ chief economist Saul Eslake says, following strong February result, points to ongoing resilience in employment.Internet job ads rose 5.7% in March from February and was up 29.5% on year
AP

hk ab nzd 0.6 01:37 GMT April 5, 2004 Reply   
a vigorous day.

Gen dk 01:22 GMT April 5, 2004 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

hk ab nzd 0.6 00:57 GMT April 5, 2004 Reply   
YIPPEE, joined yours 79.02.

hk ab nzd 0.6 00:48 GMT April 5, 2004 Reply   
dlr/cad .......

hk ab nzd 0.6 00:43 GMT April 5, 2004 Reply   
that DNT seems worth several bils.....

hk ab nzd 0.6 00:17 GMT April 5, 2004 Reply   
buy one more and put SAR 1.2093

hk ab nzd 0.6 00:02 GMT April 5, 2004 Reply   
YIPPEE, some recoiling is taking place on the aud/jpy.

 




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Forex Forum

The Global-View Forex Forum is the hub for currency trading on the web. Founded in 1996, it was the original forex forum and is still the place where forex traders around the globe come 24/7 looking for currency trading ideas, breaking forex news, fx trading rumors, fx flows and more. This is where you can find a full suite of forex trading tools, including a complete fx database, forex chart points, live currency rates, and live fx charts. In addition, there is a forex brokers directory where you can compare forex brokers. There is also a forex brokers hotline where you can ask for help choosing a forex broker that meets your individual fx trading needs. Interact on the same venue to discuss forex trading.

Forex News

The forex forum is where traders come to discuss the forex market. It is one of the few places where forex traders of all levels of experience, from novice to professionals, interact on the same venue to discuss forex trading. There is also the GVI Forex, which is a private subscription service where professional and experienced currency traders meet in a private forex forum. it is like a virtual forex trading room. This is open to forex traders of all levels of experience to view but only experienced currency tradingprofessionals can post.

Currency Trading

Currency trading charts are updated daily using the forex trading ranges posted in the Global-View forex database. You will also find technical indicators on the fx trading charts, e.g. moving averages for currencies such as the EURUSD. This is another forex trading tool provided by Global-View.com.

Forex Brokers

The forex database can be used to access high, low, close daily forex ranges for key currency pairs, such as the EURUSD, USDJPY, USDCHF, GBPUSD, USDCAD, AUD, NZD and major crosses, including EURJPY, EURGBP, EURCHF, GBPJPY, GBPCHF and CHFJPY. Data for these currency trading pairs dating back to January 1, 1999 can be downloaded to an Excel spreadsheet.

Forex Trading

Forex chart points are in a currency trading table that includes; latest fx tradinghigh-low-close range, Bollinger Bands, Fibonacci retracement levels, daily forex pivot points support and resistance levels, average daily forex range, MACD for the different currency trading pairs. You can look on the forex forum for updates when one of the fx trading tools is updated.

FX Trading

Global-View also offers a full fx trading chart gallery that includes fx pairs, such as the EURUSD, commodities, stocks and bonds. In a fx trading world where markets are integrated, the chart gallery is a valuable trading tool. Look for updates on the Forex Forum when the chart gallery is updated.

Forex Blog

Global-View.com also offers a forex blog, where articles of interest for currency trading are posted throughout the day. The forex blog articles come from outside sources, including forex brokers research as well as from the professionals at Global-View.com. This forex blog includes the Daily Forex View, Market Chatter and technical forex blog updates. In additional to its real time forex forum, there are also Member Forums available for more in depth forex trading discussions.

 

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