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Forex Forum Archive for 04/16/2004

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Dublin CK 21:41 GMT April 16, 2004 Reply   
PD Cumino,

Not Irish, its Flip Slang.

"Oiche Mhaith" means Goodnight

"Bíodh lá maith agat!" means Avaniceday

Till Monday or Sunday. "Slan" Goodbye

Gen dk 21:06 GMT April 16, 2004 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Gen dk 20:31 GMT April 16, 2004 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Gen dk 20:10 GMT April 16, 2004 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

LAX-LGB SNP 20:05 GMT April 16, 2004 Reply   
BtW

short squeezed-up weekly formation on EURJPY (expected after 4 week fall from 138.70)

decent rejection from 50 sma on EURGBP daily

USDCAD trying hard to break past the 1.34 gauntlet and almost there but USDCHF needs to get past 1.3035 next week to maintain a pro-USD bias

AUDUSD/EURUSD/GBPUSD also squeezing higher over the last 48 hours but am not buying till March's levels seem apparent

UAE oil man 20:03 GMT April 16, 2004 Reply   
Ah well as i thought market shaked out the very weak shorts, the music should be starting again next week.

Gl.

telaviv dor 19:55 GMT April 16, 2004 Reply   
gvn :do you think that 1000 pips ( from 1.2900 to 1.1900 ) is not too much to wait for a signal ?

NYC 19:50 GMT April 16, 2004 Reply   
Sept is toio close to the election for a rate hike. may is out, June is a longer shot, August more likely or not until after the Nov election.

London 19:49 GMT April 16, 2004 Reply   
Fed rate hike
hopes are being pushed back to September from some hopes for a move as early
June after the Berry article overnight and comments from Richmond Fed chief
Broaddus which confirmed his thesis. 1.7840 is shaping up as increasingly strong
support on dips. IFR

LAX-LGB SNP 19:43 GMT April 16, 2004 Reply   
with ref to 02:18 GMT April 16, 2004
shorting EURJPY below 130.25 yields a proper cent

P.S. beware the ides of March (11:57 GMT April 13, 2004)

Brazil, JH 19:28 GMT April 16, 2004 Reply   
Had a nice week, maybe I can have a little cornbread
with the beans tonight :-)
Everyone have a nice weekend. see you next week
here in FX land..

Gen dk 19:12 GMT April 16, 2004 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Van jv 18:16 GMT April 16, 2004 Reply   
It's monologue and reflection time.....
and nothing has changed...
medium term correction before USD go on sliding lower under heavy loads....
or in other terms...let's follow inspiration of gold ..........
Good weekend to all

Dublin CK 18:09 GMT April 16, 2004 Reply   
All quiet now.

Pin Drop

Ping...........

Montréal Taro 17:23 GMT April 16, 2004 Reply   
Stockholm za 17:11

who were you answering to ?

Stockholm za 17:11 GMT April 16, 2004 Reply   
Yes - "To predict the markets IS impossible, as is predicting any kind of future event. The proof of this is that were it possible, the person(s) with that ability would very rapidly acquire all the money in the world. And as far as I am aware, that hasn't happened yet .
-However everyday, the top 5% (In The Know) traders take some money off the other 95%."
Happy trades - Happy WE - Happy life...........

clon glenn 17:02 GMT April 16, 2004 Reply   
cheers OMIL - you too

Miami OMIL (/;-> 16:59 GMT April 16, 2004 Reply   
Have a good and safe weekend everyone see you on the other side.

clon glenn 16:54 GMT April 16, 2004 Reply   

thanks all for insight and entertainment in roughly equal measure this week. Have a great weekend and GL/GT next week guys.

Gen dk 16:53 GMT April 16, 2004 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Houston ST 16:36 GMT April 16, 2004 Reply   
right or wrong picked up some usd/jpy the last 30 minutes. wish all $Bulls gl/gt next week. make that everyone, $Bull or $Bear. Good hunting and have a great weekend.

sydney gvm 16:32 GMT April 16, 2004 Reply   
farmacia - hope you bought Surrey hills property while you were at uni ;-)

I'm buying dollars across the board here - lets see what it looks like in a weeks time - later; GL/GT

Jubail S 16:26 GMT April 16, 2004 Reply   
hello people ...
Any suggestion on eur/usd for the very short term?
Thank you

melbourne farmacia 16:09 GMT April 16, 2004 Reply   
gvm - spent many a day in the darlo...and others , living around surry hills etc.. plus going to UNSW in paddington... ( you mentioned darlo in a post once ) gt

Sydney gvm 16:03 GMT April 16, 2004 Reply   
the thing I love about currencies is, as opposed to commodities, metals and usually interest rates; ya can be badly wrong (position trading not pip raiding) for half the day in currencies then it all turns round on a dime - often the most sweated position trades are the sweet juicy pinoches

Sydney gvm 15:58 GMT April 16, 2004 Reply   
just talked to my mate to confirm the ma stuff and got told in no uncertainterms I had the wrong period - apparently works on 30 and 60 minute not daily.

Farmacia - how come you know the darlo bar ? Its not 50 yards walk from my house. And secondly 128.50-129 Swissy is a bottom level mentioned today by a respected analyst that I use so expect some sort of rally from here ...

london th 15:50 GMT April 16, 2004 Reply   
hi guys good rr in buying euro now with stop at 1.1980, would hope to carry thru to monday gl & gt.

melbourne farmacia 15:48 GMT April 16, 2004 Reply   
Quito Ecuador Valdez 15:11 GMT April 16, 2004
If theres one thing i've learned from pip trading, it's call timing... i've been infront of my screen since 10am local time, jumping on things that move for 50 + pips .... long day indeed, then market goes pop and i jump on three trades for the ride , euro, cable and aussie now up 300 + pips within 3 hours.... following the flow mate.

gvm - good channel support on swissy at 1.2860 ish which should keep euro under control imo.

OK SZ 15:38 GMT April 16, 2004 Reply   
I would sell euro at 12061 or below 12022....gl, gt

Sydney gvm 15:31 GMT April 16, 2004 Reply   
A mate of mine trades 18/40/144 ma on dailies and vows and declares that when the 18/40 cross down thru the 144 (with 144 above spot) its sell ya mother time - in Euro the 18 has already crossed thru the 144 and spot and the 40 is about to - we will see ... talking my book of course - Buy $$$$ ;-)

sydney gvm 15:25 GMT April 16, 2004 Reply   
melbourne farmacia
was down at the darlo last night and man the gurls shure wur pretty.
These currencies are causing me all sorts of pain, along with energies. Hoping 120.50 is the high for the day in Euro. Got a bunch of new 'big' (for me) clients so I am sweating the first few months performance

london cam 15:25 GMT April 16, 2004 Reply   
Quito Ecuador Valdez 15:11 GMT April 16, 2004
Valdez, of all the posters on this forum you've been one of the most open minded. Now for your own reasons and interpretation of official data, you're rejecting the Euro. My advice if I offer it is:

don't cut your options - play the Euro.
don't worry about holding Euro longs and your bubble scenario, if you have stops in place and manage the risk you'll live to fight another day.
Try to avoid emotions in trading (probably the most difficult of all)

Nottingham put it nicely in an earlier post - It's all "just numbers on a screen" and if you try to make sense of it you'll go mad.

GL GT

hong kong nt 15:21 GMT April 16, 2004 Reply   
AB -- you must buy usd/jpy?

melbourne farmacia 15:21 GMT April 16, 2004 Reply   
Sydney gvm 15:16 GMT April 16, 2004
gvm - its 1.20am , you should be down at the Darlo Bar...not at your desk .lol gt

hk ab .6 nzd 15:18 GMT April 16, 2004 Reply   
nt// typing this on the bed with dream just starts. GT and gd night.
can't tempt but long dlr/jpy 107.90.
TP monday morning.

lon gh 15:17 GMT April 16, 2004 Reply   
Quito Valdez, what manure. We are not here to be morally upright in supporting one currency over another. We are here to make money, no matter what the flavour of the day is. That has to be one of the most farcical postings I've ever read.

hong kong nt 15:16 GMT April 16, 2004 Reply   
AB -- almost bed time, have a nice weekend...

Sydney gvm 15:16 GMT April 16, 2004 Reply   
Valdez - dont sweat it, trade it if and when it happens

Quito Ecuador Valdez 15:11 GMT April 16, 2004 Reply   
I respect the views of each person here 100%, you're some fine folks to be sure and VERY helpful. I agree with dc fxq 14:08 GMT. I'm private but traders who must make profits for clients I fully understand and applaud. But to do so, and side in with a EUR trap & manipulators IMHO when there's good pairs to trade other than Euro longs and USD shorts, is playing right into the stinking trap. I hope no one gets hurt, it could fall like a rock, go light. When the time's right with this highly oversold EUR and all the longs are in possie and it crashes at some sligh and insignificant stupid news release, all brokers will be flooded with swith EUR s/l sell offs and they all simply won't/can't get executed til it's too late. Now that I see what's happening, morally I have to reverse and abstain from Euro long or USD short no matter HOW much pips I can gain, I like the flavor of my profits sweet and honest. But then again my banking grampa who kept his doors open tought me.

london cam 15:01 GMT April 16, 2004 Reply   
Nottingham - Many thanks.

london cam 14:56 GMT April 16, 2004 Reply   
melbourne farmacia 14:52 GMT April 16, 2004
No problem. I shorted @1.7950 after london open and picked up 75 pips. Thanks for getting back anyway GL GT


Nottingham 14:56 GMT April 16, 2004 Reply   
cam...both are still well below neutral nevermind o/b as far as my daily systems are concerned...however I expect intraday traders will place some shorts should the pairs reached my previously mentioned levels...the two should move in tandem as the expectation would be for eurgbp to close above last week's high although any indication of failure to do so would mean risk of cable overshooting (which would mean 1.808x) so cautious play will be to stick to euro...gl gt

melbourne farmacia 14:52 GMT April 16, 2004 Reply   
london cam 08:04 GMT April 16, 2004
Sorry mate, been away from forum today.. Cable's done a nice 200 + pip round trip so far... Mixed today for overall direction based on your London open 100 pip question, more early swing than normal drop or rise etc.. GT

Brazil, JH 14:50 GMT April 16, 2004 Reply   
Viies, nice call
GL GT

london cam 14:50 GMT April 16, 2004 Reply   
Nottingham - Are EURUSD and Cable getting close to your o/b indicators? TIA

Tallinn viies 14:48 GMT April 16, 2004 Reply   
humble sell at 1,2020 done.
85 points thnks to fx god just like that. planning to buy more at 1,1950/60 levrel now. next target 1,2060
have a nice w/e

Nottingham 14:32 GMT April 16, 2004 Reply   
silver...has hit primary retracement zone following 6.80 reversal...after a good bounce further gains can't really be expected but given sentiment has been so poor any followthru above this 7.20 level will expose 7.40 level simply due to the short covering that woud be expected...7.40 level however expected to provide selling opportunities which may end up having a longer horizon than purely intraday...gl gt

Houston ST 14:31 GMT April 16, 2004 Reply   
I've been out of this forum for about 16 months. Does anyone know what ever happened to Noodygirl? tia. gl/gt.

Stockholm za 14:31 GMT April 16, 2004 Reply   
Nottingham ... Its all good ...
The market is controled by the ~1194x Value band
No real money involve after the 68 test..
Its just one small guy talking to the other small guy .......
Happy trades......

PAR 14:29 GMT April 16, 2004 Reply   
Sorry for using the word corrupt but i had great admiration for sound German central bankers like Tietmeyer and company.

Nottingham 14:23 GMT April 16, 2004 Reply   
london cam 14:16 GMT

just numbers on a screen imo...making sense of it can only make you go mad so why attempt what you can't possibly answer...your job should be to extract as much as you can for yourself or clients with the minimum amount of stress...funnily enough these were the very points I put across in training this morning...gl gt

Nottingham 14:20 GMT April 16, 2004 Reply   
It is clear from price action that cable and euro current levels are key battle grounds...if these recent highs are taken out any follow thru will take these pairs up to 1.8035/40 and 1.2050/60 respectively...a failure to overcomes the battlezones may well create some disappointment and thus selling but ultimately today is not an up day for the dollar so downside for cable and euro limited to range...gl gt

Chicago Irish 14:17 GMT April 16, 2004 Reply   
Hans.....Nein.Herr Tricky Trichet is merely an accomplished political backstabber and we all know the character traits required for that role.

GER ad 14:16 GMT April 16, 2004 Reply   
PAR 14:02 GMT
If you are using such hard words for an 8000 Euro Hotel bill you may have problems to find words for real corrupt people (millions or more... and not resigning).

london cam 14:16 GMT April 16, 2004 Reply   
Stockholm za 14:12 GMT April 16, 2004
za totally agree with your first comment. Emotions will only help wipe out your account.

Valdez, just go with the flow (easier said than done)..

GL GT

Munich Hans 14:14 GMT April 16, 2004 Reply   
PAR 14:02 GMT April 16, 2004
Corrupt German Welteke resigned from BUBA

And Trichet is not korrupt? Petitte fille.

Stockholm za 14:12 GMT April 16, 2004 Reply   
Quito Ecuador Valdez>>> Dont let the market get to your brain
Happy trades......
Ps.. You guy`s watch too much candle-sticks & mathamatical lines........... GL/GT

dc fxq 14:08 GMT April 16, 2004 Reply   
one sobering thought for anyone going long for an imminent return to EURUSD 1.3000: it wasn't small spec selling that knocked it down to sub 1.1900 levelsit was serious money. Perhaps we are being sold the rope to hang ourselves to paraphrase the late N. Kruschev

Nottingham 14:07 GMT April 16, 2004 Reply   
Wash DC Tempus 14:03 GMT

you can look at it another way...Europe finally getting tough on sleaze/fudging etc etc so a positive for euro...of course commentators will use whichever argument fits the trend by the end of the day

Quito Ecuador Valdez 14:04 GMT April 16, 2004 Reply   
Livingston//
Like I said....if everyone here wants to sucker into being a part of this "raise EUR clout USD", fine...if $$ are more important so be it. I'd rather eat cold canned beans than grovel with these manipulators.

Wash DC Tempus 14:03 GMT April 16, 2004 Reply   
BUBA confirms resignation
gotta love Fridays

sell EUR Mortimer sell EUR

PAR 14:02 GMT April 16, 2004 Reply   
Corrupt German Welteke resigned from BUBA.

Wash DC Tempus 14:00 GMT April 16, 2004 Reply   
German Finance Ministry denies knowledge of resignantion
by welteke

Livingston nh 14:00 GMT April 16, 2004 Reply   
Mich Confidence figures are a "soft'" stat (sentiment) but Ind Prod and Util figs make no sense in light of the March employment, ISM and Fed Beige Book, Philly Fed -- Ind Prod was rising for most of the late Fall and Winter when other indicators were slow

Sydney alimin 13:59 GMT April 16, 2004 Reply   
cheers Tallinn viies and others that shorted $....have a nice weekend...

PAR 13:58 GMT April 16, 2004 Reply   
Big stops in cable above 1.8000. Will be touched when Blair visits Bush.

Quito Ecuador Valdez 13:57 GMT April 16, 2004 Reply   
Rivonia//
true but you fail to see that if there is NO demand from traders in this forum for any EURO long (which I am sure everyone ignored moments ago) then collectively we can make a dent in this what I feel sinister plan to evaluate a pathetic c'cncy such as the EUR over a solid one which is the USD. I was taught that principles and scruples were more important than money. My grandfather founded the !st Ntl. Bank in our town, his bank was the ONLY one in the area which didn't have to close it'sdoors in the great depression. Going with the flow for me isn't necessary to make $$. Nuff said.

Wash DC Tempus 13:56 GMT April 16, 2004 Reply   
Welteke offers to resign from Bundesbank

Van jv 13:56 GMT April 16, 2004 Reply   
where is that heralded strong recovery?

Edinburgh econoscot.com 13:54 GMT April 16, 2004 Reply   
Weaker Michigan numbers will simply confirm earlier data....... good numbers still, but not as good as the market was looking for.

hk ab .6 nzd 13:51 GMT April 16, 2004 Reply   
Revdax// thanks for your kind response, highly appreciated.
viies// maybe those "desks players" see your 1.2020 and forbid the move to those region on theback of poor Michigan.
GL and GT I have enough this week and closed all my aud/nzd longs @1.16 for 2 poses.

Houston ST 13:50 GMT April 16, 2004 Reply   
Univ Michigan Mid Apr Sentiment Said 93.2, March 95.8

Chicago Irish 13:50 GMT April 16, 2004 Reply   
93.2

NYC 13:50 GMT April 16, 2004 Reply   
93.2

London HC 13:48 GMT April 16, 2004 Reply   
Mich #?

Nottingham 13:47 GMT April 16, 2004 Reply   
The reviewing of what seems like hasty predictions (and positioning) for US rates may be priced into high yielding commodity currencies before the end of trade today...with that in mind euraud level to focus on is 1.6070, with a failure to hold likely to yield 1.60/1.5970 today (ultimately this pair will remain capped whilst my primary o/b 1 from 2 days ago is not taken out; 1.6315)...audusd may see an acceleration of uptrend if 7425/30 taken with 7450/60 expected in that case...gl gt

Edinburgh econoscot 13:39 GMT April 16, 2004 Reply   
Weaker industrial production and capacity utilisation have accellerated the reversal in the bond markets. Add to this Broaddus’ comments and we have a bit of balance back in the market before the end of the week. This confirms our view that there will be better levels to sell fixed income. The only niggle was Broaddus’ comment that he is ‘sure’ there will be no capital outflows in the US.....must be worried that Japan and China may step back with the stronger dollar. Which, by the way brings me neatly round to a much earlier observation on my website site that BOJ is the most successful currency speculator in history....makes the Soros / sterling affair look like a day trade.

Rivonia PipPirate 13:39 GMT April 16, 2004 Reply   
Quito Ecuador Valdez 13:24 Of the hundreds here trading, say 50% at any one time are trading and then of that 50%, 50% are long and 50% short = some zero?

Tallinn viies 13:39 GMT April 16, 2004 Reply   
planning humbly sell half of my euro longs near 1,2010/20 area. fwiw

Nairobi, Kenya Jk 13:38 GMT April 16, 2004 Reply   
Hi friends. This US data UO michigan survey. is it likely to have any bearing on usd today or its is insignificant? TIA.

hk revdax 13:31 GMT April 16, 2004 Reply   
hk ab .6 nzd //Sorry to have missed your post. I was running around in HK busily doing my things. For your info, the bulk of players in Macau is still $ bearish. You could derive whatever you want from that.

prague viktor 13:31 GMT April 16, 2004 Reply   
Quito Ecuador Valdez: Amigo the Iraqi syndrom dont forget it ....

Malaga boqueron 13:27 GMT April 16, 2004 Reply   
re PBoro JC 11:33 GMT. Good post indeed. The Nikkei 225 behaviour this week is a good example of what is mentioned in the post. With the index above the key 12000 level since the 5th of this month ( gap up which had held as support over all of all last week included ) I believe the whole world was long the index and waiting for much higher levels. Then this past Wednesday we get the 3rd largest volume on the TSE 1st section on record, followed on Thursday in the first 30 minutes of trading by a move into new YTD hi's, then bingo a 420 point fall from there, on the highest volume day on record. I can only guess this is an attempt to flush out weak longs, before the move up re-starts.

hk ab .6 nzd 13:25 GMT April 16, 2004 Reply   
L// means 0945 will be a surprise.

Now long or short s/t both square. See who get the prize into weekend.

Quito Ecuador Valdez 13:24 GMT April 16, 2004 Reply   
1 more thing & I'm outa here...all those traders who are here right now..hundreds of us who view GVI, represent a BIG swath of money in aggregate. We have an effect collectively. I propose for all who want to correct this tom foolry:

DO NOT INVOLVE YOURSELVES in any long EUR action AT ALL. Period. Use other c'ncys, you'll make equal gains. Do this for 2 weeks & let's see what happens 'til May 1. I think collectively we can control this & crash the "big plan". 'Nuff said, I post too much.

Brisbane L 13:22 GMT April 16, 2004 Reply   
hk ab .6 nzd looking for more Dollar strength into Tuesday, is this your view on your last statement.

hk ab .6 nzd 13:20 GMT April 16, 2004 Reply   
trail aud/nzd long at 1.16

dc fxq 13:19 GMT April 16, 2004 Reply   
next up at 09:45 UoMich CSI - 97.0 consensus

mex sjs 13:18 GMT April 16, 2004 Reply   
just longed eurusd here at 1.1960

hk ab .6 nzd 13:18 GMT April 16, 2004 Reply   
usd uneven weakness tonight is a warning of the last piece.....

Van jv 13:16 GMT April 16, 2004 Reply   
both below expectation

Quito Ecuador Valdez 13:16 GMT April 16, 2004 Reply   
Before the stk.mkt crash that led to nat'l depression in the 30s & the case: Hunt vs. silver in more rec'nt yrs, mkt manipulation was a factor. 'Mega-Movers' know something we don't. Careful...I'd avoid eur/usd entirely. We're getting set up..eur overbought, weak economically (verge of shakey), 1/2 EU contries will break their own deficit rule this yr., it all adds up to me as flim flam, we're the bait. I've stopped my activities on eur/usd entirely, play all they want. Plenty of other pairs not involving these two, don't get suckered in, remember SOMEONE has to fund fat cats' profits.

Sydney RBA 13:16 GMT April 16, 2004 Reply   
CHI JC 13:08 , sure, right where your rear end is.

van Gecko 13:16 GMT April 16, 2004 Reply   
trading against a strong M/T up trend & hoping to squeeze another 50 to 100 pips after the pair had already undergone a 1000+ pip correction down to the bottom of a strong rising channel is a vely risky fx practice.. quite often, it's a "buy high/sell low accident waiting to happen.."
*
simple in words, but difficult to practice under real time stimulus for many..
compliment of the school of voodoo charting (no funnymentals) psychoanalysis.. fwiw..
Cheerios..


dc fxq 13:12 GMT April 16, 2004 Reply   
In case you may have missed this excellent post earlier I suggest you do read it. It is an important lesson to be learned and kept for future reference I believe.

PBoro JC 11:33 GMT

Calabash TarHeel 13:11 GMT April 16, 2004 Reply   
Quito Ecuador Valdez

I live on the southeast coast of the US. Reading in the help forum that you used to. Mind if I ask which state?

Tia, gl, gt

TarHeel

Pecs Andras 13:11 GMT April 16, 2004 Reply   
Addition: the only exception was perhaps last week's very stron jobs data. But that is not really an exception, because that was really surprisingly strong

CHI JC 13:08 GMT April 16, 2004 Reply   
RBA, I bet your p/l is down under as well!!!

mex sjs 13:08 GMT April 16, 2004 Reply   
quito, charlamos, in your site

Pecs Andras 13:08 GMT April 16, 2004 Reply   
dc fxq 13:04 GMT April 16, 2004
OK, I misunderstood you.
But if you look back the 4 months of this year, and the last few of last year, that is what you can see.
I never understood why is it though. But I cannot help wondering.
My view, as I expressed it several times before, is that based on fundamentals, EUR should already be way down close to parity. Which, by the way, would be much better for the sluggish EZ economy too.

Sydney alimin 13:07 GMT April 16, 2004 Reply   
dc fxq, perhaps that's because there is no sign on the door saying people cant do that :)
that's why i use the word 'maybe' :)

dc fxq 13:06 GMT April 16, 2004 Reply   
Quito Ecuador Valdez 13:03 GMT

it is established fact that Snow insists the market set fx rates. we are seeing benign neglect being very skillfuly applied in the case unlike the Ruben-esqe theory of talking up the USD at every opportunity.

dc fxq 13:04 GMT April 16, 2004 Reply   
Pecs Andras 12:59 GMT

My point waas that yours seems to a general opinion. I am simply curious why so many choose to rationalize every event and piece of data - whether important or not - to justify that opinion.

I'm not trying to provoke you or anyone else, I simply don't understand the reasoning behind it given the pretty dismal economic state of the EZ compared to many other regions of the world.

Quito Ecuador Valdez 13:03 GMT April 16, 2004 Reply   
dc fxq 12:54 GMT//
You follow my expression exactly yesterday about USD going down in the face of all good news, news EUR neg. raises -it's- value across the board. Could the good ole -USA- be intervening then to keep USD down, since the apparent movement(s) are totally contrary to logic? Humm. Wouldn't put it past 'em.

Sydney RBA 13:00 GMT April 16, 2004 Reply   
Dollar/Yen seems to have more buyers than sellers this morning.

PAR 13:00 GMT April 16, 2004 Reply   
Fed Broaddus just trying to talk up US bond market with his deflationary remarks.

Pecs Andras 12:59 GMT April 16, 2004 Reply   
dc fxq 12:54 GMT April 16, 2004
U R Right.
I am reading somewhere that you need extra strong, eye-popping USD data to really move the market in the dollar long direction. I do not think we will have that, so the likeliest scenario is that EUR will soon fly high

Houston ST 12:56 GMT April 16, 2004 Reply   
Toronto, the only thing I've seen thus far is that he urges cautious response to corporate wrongdoing, and he didn't mention the U.S. economic outlook in his prepared remarks.

Livingston nh 12:55 GMT April 16, 2004 Reply   
G'span - talked about banker reputations - transcript posted on Fed site

dc fxq 12:54 GMT April 16, 2004 Reply   
there seems to be an overwhelming sentiment here that strong US data can "make EUR go throught the roof" and weak US data can do the same. An amusing paradox no matter how I dissect this seeming contradiction. The same is true of the interest rate issue. Low US rates are Euro positive and higher rates are also.

The same logic was used during the equity bubble in the late 1990's. Strong bonds were positive for stocks, weaker bonds were positive for stocks. We saw what happened when that "logic" was stretched to the fullest.

Toronto Bogdan 12:52 GMT April 16, 2004 Reply   
Hi everyone!
Was Greenspan suppose to speak at 8:30? Did he?
Thanks

Livingston nh 12:51 GMT April 16, 2004 Reply   
Preliminary Univ of Mich early April Confidence index will likely decline (Iraq and taxes will overrule jobs)

Livingston nh 12:49 GMT April 16, 2004 Reply   
The strong March US employment figures and the revisions will probably have a very positive impact on the Industrial Production and Capacity Utilization figures this morning -- there may be significant revisions in February figure

vancouver jpb 12:46 GMT April 16, 2004 Reply   
Euroland Piper Malibu

the march capacity uti index

and

the u of m Confidence index

due out at quarter after

Pecs Andras 12:45 GMT April 16, 2004 Reply   
I think we will have the usual scenario.
More strong US data, and EUR will long like crazy on a crazy market.
Maybe time to go long now...

Sydney alimin 12:43 GMT April 16, 2004 Reply   
maybe data is already priced in and therefore if there is any weakness in us data later will send euro to the roof?

Euroland Piper Malibu 12:41 GMT April 16, 2004 Reply   
vancouver jpb 12:36 GMT April 16, 2004
There are still some stats at 14:00 GMT I think

Tallinn viies 12:40 GMT April 16, 2004 Reply   
vancouver jpb 12:26 -* exactly. at least first 5-7 years I was the guy who was too humble and was kicked to the balls all the time. no Im kicking others balls :)
bloody job but more rewarding ...

PAR 12:38 GMT April 16, 2004 Reply   
The more the FED officials are saying that interest will stay low the higher the probabilty interest rates will go up.

vancouver jpb 12:36 GMT April 16, 2004 Reply   
I'm had to check my internet connection,

No real market reaction.

Is the euro at the bottom???

Global-View 12:33 GMT April 16, 2004 Reply   
GVI john 12:32 GMT April 16, 2004
Housing figs strong
Starts 2.007 mln, +6.4%
Pernits +1.9%

UAE oil man 12:27 GMT April 16, 2004 Reply   
vancouver jpb 12:26 GMT April 16, 2004

Yes and more than once , it's tuition fees :)

vancouver jpb 12:26 GMT April 16, 2004 Reply   
I find that you can never really walk tall, until you've been kicked in the balls and been put on your knees.

UAE oil man 12:21 GMT April 16, 2004 Reply   
Yes humble Tallinn viies , something you are apperently missing as I've seen you insult Monaco OGA more than once,
While he doesn't reply to your offences, (Towels don't mix with tissues) one of his orders on his desk must be equal to the net worth portfolio of your whole bank..

But then we ALL know successful traders ARE ALL humble...or will be humbled very soon..It's not even a prediction but a statistical fact..in anycase Good luck in your trading.

Melbourne Qindex 12:21 GMT April 16, 2004 Reply   
Spot Gold : 396.9 / 397.4

Stockholm za 12:19 GMT April 16, 2004 Reply   

fwiw...... EUR/USD.... todays drama...
ema 55 & 144 crossing = ~1,222x
ema 21 & 233 crossing = ~1,208x
The ledge given ..Hourly Value ~1,1935
Happy trades..........

Helsinki iw 12:19 GMT April 16, 2004 Reply   
viies, don´t follow car sports that much, but the piston gods
are not with us Finns this year; both Peugeot and McLaren-
Mercedes seems to suck wind big time.

Another reason to sell euros?

Melbourne Qindex 12:18 GMT April 16, 2004 Reply   
Melbourne Qindex 04:09 GMT April 16, 2004
AUD/JPY : The current expected trading range from my 22-day cycle is 80.15 - 80.67. Projected resistant points are located at 81.19 and 82.23. If the market retreats and trades below 80.15, AUD/JPY will head for 79.12 which has the same frequency number as 80.15.


... 76.02 ... // 78.08* - 78.60 - 79.12* - 79.64 - 80.15* - 80.67 // 81.19 ... 82.23 ...

vancouver jpb 12:14 GMT April 16, 2004 Reply   
RE: euro

I'm looking to buy in at 1.1900 range.

Just shed my Cable sells @ 1.7849 for + 100 pips

Helsinki iw 12:14 GMT April 16, 2004 Reply   
Oily, my thoughts exactly. Somehow though they normally
donate their even cheaper euros to the gods, who the run
the ride up on that rollercoaster.

Tallinn viies 12:09 GMT April 16, 2004 Reply   
helsinki - btw, dont you think Rovanpera is too humble?
4-5 years cyrcling there and nothing? too humble I guess

Tallinn viies 12:07 GMT April 16, 2004 Reply   
Helsinki iw 12:02 GMT - yes yes. humble humble.

when time is right, no time to be humble. time to be humble when situation is unclear.

UAE oil man 12:07 GMT April 16, 2004 Reply   
Iw, if people want to buy lower euro and thanks the "fxgod" for their new euro's additions on the way down ..perhaps thus euro will be going down and the people will be "pleased"...

hk ab .6 nzd 12:06 GMT April 16, 2004 Reply   
nzd breaking hrly bollinger band.

hong kong nt 12:03 GMT April 16, 2004 Reply   
hope to see 1.805 cable tonight...

Helsinki iw 12:02 GMT April 16, 2004 Reply   
hmmmm.
the fx gods may be cruel at times, don´t you think?
flexible and humble is the way they like the traders.

Melbourne Qindex 12:01 GMT April 16, 2004 Reply   
Melbourne Qindex 03:29 GMT April 16, 2004
Spot Gold : My 22-day cycle charts indicate that a projected resistant level is located at 402.7 - 403.5. Projected supporting points are 394.4 and 387.6.

Melbourne Qindex 11:59 GMT April 16, 2004 Reply   
Melbourne Qindex 07:39 GMT April 16, 2004
EUR/JPY : The current expected trading range from my 22-day cycle is 129.55 - 130.32. Projected supporting points are located 128.02 and 128.79. A projected resistant point is expected at 131.08.


... 123.43 - 124.96 ... 128.02 // 128.79 - 129.55 - 130.32 // 131.08 ...

Melbourne Qindex 11:57 GMT April 16, 2004 Reply   
Melbourne Qindex 03:52 GMT April 16, 2004
EUR/AUD : The current expected trading ranges from my 22-day cycle is 1.6080 - 1.6168* - 1.6256. The key factor of my 22-day cycle is 1.6168. If the market can overcome the projected resistance at 1.6256, it will consolidate later today in the upper trading ranges of 1.6290 - 1.6322 - 1.6344 - 1.6354.

Melbourne Qindex 11:55 GMT April 16, 2004 Reply   
Melbourne Qindex 00:48 GMT April 16, 2004
AUD/USD : My weekly cycle charts indicate that the market is under pressure as it is trading below the barrier of the weekly cycle normal trading range at 0.7423 // 0.7484. My current 22-day cycle indicates that 0.7463 is a projected resistant point. If the market resumes its downward trending movement and hit 0.7340, AUD/USD has a good potential to go all the way to 0.7156.


... 0.6910 ... // 0.7156 - 0.7217 - 0.7279 - 0.7340 - (0.7402) - 0.7463 // ...

Melbourne Qindex 11:54 GMT April 16, 2004 Reply   
Melbourne Qindex 00:35 GMT April 16, 2004
GBP/USD : My weekly cycle charts indicate that the market is still trading below the barrier of 1.7931 - 1.8009. My current 22-day ycle indicates that the market has a good chance pulling towards 1.7643. Projected supporting points are expected at 1.7759 and 1.7793.

Melbourne Qindex 11:53 GMT April 16, 2004 Reply   
Melbourne Qindex 08:13 GMT April 16, 2004
EUR/GBP : The key level of my 22-day cycle is located at 0.6658. The odds are good that the market will pull-back to the key level at 0.6658. The current expected trading ranges are 0.6658 - 0.6689 - 0.6719.


... 0.6476* ... 0.6537* // 0.6598* - 0.6628 - 0.6658* - 0.6689 - 0.6719* // .. 0.6780* ... 0.6908 ...

Euroland Piper Malibu 11:51 GMT April 16, 2004 Reply   
Short on pound at 1.7860, target 1.7830 --->1.7800 stop 1.7910. Good us datas will push the pair on its lowest IMO

Melbourne Qindex 11:51 GMT April 16, 2004 Reply   
Melbourne Qindex 01:02 GMT April 16, 2004
USD/CHF : The current expected trading range from my weekly cycle is 1.2953 - 1.3054. My current 22-day cycle's probability chart indicates that the market is pulling towards 1.3222 - 1.3234. A projected resistant point is located at 1.3080.

Malaga boqueron 11:50 GMT April 16, 2004 Reply   
Tallinn, re, buying euros here. dangerous on a Friday afternoon, no?

Pecs Andras 11:50 GMT April 16, 2004 Reply   
PBoro JC 11:33 GMT April 16, 2004
Great post, thanks:-)

UAE oil man 11:49 GMT April 16, 2004 Reply   
I m bullish on the $ for the moment , Ab..

As for the $CAD i think 1.36 perhaps today or in the few coming sessions...all needed is to hold 1.3400 now before the close..

Malaga boqueron 11:49 GMT April 16, 2004 Reply   
Re USCHF I suppose the odds of the critical 1,3100 level holding today are very low. My preferred scenario is for it to be taken out this afternoon, and next week we can come back down to the 1,2800 level again.

Tallinn viies 11:45 GMT April 16, 2004 Reply   
bought more euros at 1,1935. thnks fx god. I will sell them at 1,2050/60. fwiw

hk ab .6 nzd 11:40 GMT April 16, 2004 Reply   
gd evening oilman.

any new view on dlr/cad and aud?

UAE oil man 11:38 GMT April 16, 2004 Reply   
If market wants to do maximum pain , it will move in a continuation and advance for the $..and perhaps start to long near 1.1810 (the line of resistance as pointed out on my chart...last night and few days ago.)..under will precipitate the confidence of the bears and panic for the bulls..

A short squeeze is not to be ruled out though..but that wouldnt be moving towards maximum pain..but sometimes market is generous..

My advice ..same as before..stay short(or on the short side) till a move up has been done already (1.24++)..

GL.

warsaw mach 11:38 GMT April 16, 2004 Reply   
I'm looking for dolar index chart in the net, can anyone help? Or how I can open it on reuters

GVI john 11:36 GMT April 16, 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/$ 1.1940…$/yen 108.55
DJIA +20 pts… 10-yr 4.36%, -4 bp
PERSONAL OPINIONS:
For a broad range of opening levels click on GVI’s “Market Tracker”:
CLICK HERE


Text on GVI



PBoro JC 11:33 GMT April 16, 2004 Reply   
An interesting view here. Don't know if I'm allowed to post this here, or if anyone else gets his daily comments, but good to read nevertheless......

""""""
Almost every day I get asked why a particular market has gone up or down. If the
question is about a Forex move then quite often I can say because a particular
bank or hedge fund sold X amount or because some stop losses were triggered.
Often I will then be asked why they bought or sold and this is when things start
getting interesting. Let me give you an example.

A few years ago I left one bank to join another where I ran the Forex desk. Part
of my remit was to manage the risk of the traders and I would have a computer
screen up at all times which showed me the positions of my traders. As full
members know I often talk about the positioning of the market and market
reaction to news. Yesterday morning on Harry Buzz we remarked that though the
dollar and equities were weaker Gold wasn't rallying. Some traders bought Gold
expecting it to play catch-up but as we pointed out on HarryBuzz the correct
trade as to sell as if something doesn't go up when it should then the likely
move is lower. It fell $5.

Anyway back to the Bank. Quite often I would find out that all of my traders
were positioned the same way. They would all be sitting, for example, long of
$300 million dollars, no doubt for the best of reasons. When this happened I
would ring up a few contacts and see how other banks were positioned. On one
occasion my counterpart at a large Swiss bank told me his traders were similarly
long. We discussed it and agreed that though the reasons for being long of
dollars were correct, with so many people long and the market struggling to
rise, we needed a sell off to get rid of the weak longs before we could try
higher. My counterpart and I therefore decided that our banks were too exposed
to the dollar and we had an opportunity to get long at better levels. Without
telling our traders why, we both sold about $250 million into a long market
sending the dollar lower and squeezing many longs, including our own traders,
out of their positions. When the market had calmed down we bought most of these
back at a much better level.

Ok so what are you getting at Harry, apart from telling us an old war story? I
hear you ask. My point is that too many people look for answers why every move
happens and send themselves mad in the process. To me what is more important is
what does the market expect to happen and is it happening? On the 19th February
we published an article entitled: "Sell Sterling Wear Diamond." Cable was above
1.9000 and every Muppet imaginable was on CNBC saying that it was going to 2.00.
It was obvious that everyone was positioned the same way and we put out a trade
to our members to sell if 1.8980 broke, even though I have been bullish of
sterling all year. It has since fallen 1200 points and yesterday we went long of
sterling again admittedly against the euro but still at better levels.

Markets move. They are not rational because the participants are human and not
rational. Believe me if you ever sat on a market making desk and met some of the
traders you would understand. Many years ago one UK clearing bank would go long
or short of Cable according to whether the Page 3 girls nipples were pointing up
or down. Perhaps this is where the saying "going tits up" comes from.
""""""

Gen dk 11:33 GMT April 16, 2004 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Melbourne Qindex 11:32 GMT April 16, 2004 Reply   
EUR/USD : I am expecting the market to vibrate around 1.1954 for the time being. Therefore the expected magnitude is 1.1954 +/- 66 pips, i.e. 1.1888 - 1.1954 - 1.2020

hk ab .6 nzd 11:28 GMT April 16, 2004 Reply   
pals, gold dropping.

CT DB 11:24 GMT April 16, 2004 Reply   
vancouver jpb,

Hope u r on the ground floor! (LOL)

mumbai jay 11:21 GMT April 16, 2004 Reply   
Both can be right.

vancouver jpb 11:19 GMT April 16, 2004 Reply   
I can handle daily grind of trading, BUT

the thing i HATE the most is listening to old greensy speak.

That monatone drag of his makes me want to jump out the "F"ing window.

Pecs Andras 11:17 GMT April 16, 2004 Reply   
hong kong nt 11:15 GMT April 16, 2004
I think we have already seen today's high on the EUR.
We will soon see who is right

hong kong nt 11:15 GMT April 16, 2004 Reply   
EUR/USD 1.1940 may be today's low...

Euroland Piper Malibu 11:14 GMT April 16, 2004 Reply   
London BM,
For GBp/Usd, I'm waiting for a level to short, at first view, around 1.7900. I will short straight away if we open the next hour below 1.7870 for 1.7830 first then 1.7800. But I think it's more reasonable to wait for the us datas. I think it will be a good pretext to sell off the pound but....

hk ab .6 nzd 11:10 GMT April 16, 2004 Reply   
bc// will data/greensy speech tonight direct the trend for the rest of the month?

London BM 11:06 GMT April 16, 2004 Reply   
GBP/USD? mixed feelings. Tempting to go long short term. any thoughts?

HK [email protected] 11:00 GMT April 16, 2004 Reply   
The Euro seems to develop a mild,almost a silent bull.
But it has still the capacity to test in an exhaustive manner the muuust be price 1.1860. So... scoop it out if you can with proper stops.
The interest increase to come is a common knowledge, so even the USD will come down (good for export and job creation), businessman and citizens have enough time to adjust to the new change, mostly by cutting into expenses and loan exposure and so financial markets have time to adjust.
So likely no bubble will explode and nothing to worry about up to the election.

Gen dk 10:56 GMT April 16, 2004 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

hk ab .6 nzd 10:52 GMT April 16, 2004 Reply   
my take will be dlr/cad reached 1.35 right b4 data, but chance should be a retracement to 200 dma b4 NY close.

Miami OMIL (/;-> 10:48 GMT April 16, 2004 Reply   
The 2nd fib resistance put a halt to the up move for eur/usd. An intraday sell signal is being generated by my system under the 1.1940-30 area for a test of the 1.1860 support for now. IMHO. GL GT

Gen dk 10:45 GMT April 16, 2004 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Eilat Dolphin 10:38 GMT April 16, 2004 Reply   
rev/ Would you define ""sometimes"" as 50% of the time ?

hk revdax 10:16 GMT April 16, 2004 Reply   
Q//My Macau index has not been refined to the point where I would be able to tell whether or not Euro has reached the daily top. Thus in the absence of such a refinement, entry and profit taking have become more of an art than a technique. It could be frustrating sometime.

Melbourne Qindex 10:09 GMT April 16, 2004 Reply   
hk revdax 10:07 GMT - Quantised levels are similar to resistant and supporting levels. It is better for you to trust your Macau Index

hk revdax 10:07 GMT April 16, 2004 Reply   
Melbourne Qindex //i have never been able to understand your quantized levels but i think you might be suggesting selling Euro today. Right?

Melbourne Qindex 10:05 GMT April 16, 2004 Reply   
Melbourne Qindex 00:19 GMT April 16, 2004
EUR/USD : My weekly cycle charts indicate that the market is trading below the critical level at 1.2005 - 1.2066. It is still vibrating around 1.1954. This is in agreement with my 22-day cycle which indicates that the market is vibrating around 1.1933 with an expected magnitude of 1.1868 - 1.1999. Projected supporting points are expected at 1.1634 and 1.1772. The bias is on the downside.

Melbourne Qindex 10:04 GMT April 16, 2004 Reply   
Melbourne Qindex 07:22 GMT April 16, 2004
EUR/USD : Daily Cycle Quantised Levels


... 1.1798 ... 1.1871 // 1.1908 - 1.1945 - 1.1982 - 1.2019 // 1.2056 - 1.2092 ...

Melbourne Qindex 07:10 GMT April 16, 2004
EUR/USD : the congested area of my daily cycle is located at 1.1932 - 1.2031.

Gen dk 09:55 GMT April 16, 2004 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

London Misha 09:39 GMT April 16, 2004 Reply   
This is just a message for those in the Forum familiar with Elli Gifford... I have just been told that last night Elli Gifford passed away. She was, to my mind, one of the founders of the UK based Society of Technical Analysts and a leader in establishing IFTA as well as a writer and commentator on technical analysis for at least 3 decades. I am sorry to hear of her passing and my thoughts are with her family and those who knew her.

HKG SK 09:31 GMT April 16, 2004 Reply   
Bisbane L
War again in Iraqi??? This has been going on for year in year out. This has been more fierce than a few weeks before but the market is not really interested in Iraqi anymore, they are more concerned on the rise in interest rate in the US and focus more on the economic numbers in the US and Europe. So I gatered that this will have minimal effect on the market.

Brisbane L 09:23 GMT April 16, 2004 Reply   
Hi everyone does anyone know if this will affect the FX over the weekend

FALLUJAH, Iraq (AP)--U.S. forces were Friday continuing to surround the city of Fallujah, the site of fierce fighting that has left hundreds of Iraqis dead. U.S. AC-130 Spectre gunships were in action over the city before dawn Friday, raking militant hideouts with machine gun fire. Gunships have been used repeatedly over Fallujah at night. Some 2,000 insurgents are believed to be in Fallujah. Militants fired mortar shells at the U.S. positions - one shell hit the roof of a building that Marines control, but there were no reports of casualties. Meanwhile there were signs of progress in talks to end the standoff in Fallujah, a stronghold of anti-U.S. militants in overwhelmingly Sunni Muslim central Iraq. Mosques in Fallujah called on police and Iraqi Civil Defense Corps members to report to their positions Friday. Many members of the police and security forces abandoned their posts during the past 11 days of fighting

HKG SK 09:22 GMT April 16, 2004 Reply   
Phillipines Newtrader
You put an exact copy of Angel Kolev's analysis onto this forum. I am sure there are a lot of people in this forum use the website fxstreet too. I found it extremely funny.

Gen dk 09:16 GMT April 16, 2004 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Vilnius Phoenix 09:02 GMT April 16, 2004 Reply   
Philippines newtrader 08:47 GMT April 16, 2004
To be frankly you should say about source of your information and source is Angel Kolev ...

shanghai bc 08:49 GMT April 16, 2004 Reply   

Then,Robert balan is obviously not as good as that genius LAGOS down there..

PAR 08:48 GMT April 16, 2004 Reply   
Barclays very big seller in EURGBP. Going for stops below 6650.

Philippines newtrader 08:47 GMT April 16, 2004 Reply   
EUR/USD (1.1999)
Trading range: 1.1940 – 1.2105
Trend: Upward
We expect to see upward movement based of the many economic events today and the Greenspan speech at 8:30 AM EST. Also at 8:30 AM EST expect Building permits, Housing starts, at 9:15 AM EST US Capacity Utilization and Industrial production expecting as decline. At 9:50 AM EST expect positive data by University of Michigan Consumer Confidence. We will buy during the day and expect to close the week with levels close to 1.21.

USD/JPY Daily Forecast and Analysis
USD/JPY (108.53)
Trading range: 107.45 – 109.00
Trend: Neutral
We expect to see downward correction today. Our strategy is to sell during the day with target at 107.70.

manila stubbs 08:34 GMT April 16, 2004 Reply   
ditto re r.balan's recommendations. targets are always either far off or in the totally opposite direction

PAR 08:33 GMT April 16, 2004 Reply   
Very good UK data average earnings rising 4.9 % . This make UK interest rate hike inevitabel.

vancouver jpb 08:33 GMT April 16, 2004 Reply   
Alicante RTN

General yes censored research is a mess. But 1.8000/1.8030 range will not be held.

We can only go south from here.

Mumbai Mitali 08:30 GMT April 16, 2004 Reply   
DJ UK Mar Adj Claimant Jobless -4,200 At 2.9%

london cam 08:26 GMT April 16, 2004 Reply   
Thanks Vancouver GL GT

Alicante RTN 08:25 GMT April 16, 2004 Reply   
vancouver jpb - the following is R. Balan's comments from censored bank this morning: (thou should not plagiarize) - Balan's trading suggestions are - by the way - guaranteed to empty your trading account.

From R. Balan:

GBP/USD - the currency will likely remain below 1.8000 -- the downtrend should shortly reassert and should fall further and retest the 1.7765 trough. It should go on towards 1.7670 area, which may keep intact relatively longer and cause a relatively large pullback. But further out, we now refocus at 1.7600 - 1.7500.

vancouver jpb 08:24 GMT April 16, 2004 Reply   
London_cam

1st don't enter the cable prior to major news.

My research comes from averaged numbers based from 8 separtate sources.

london cam 08:17 GMT April 16, 2004 Reply   
vancouver jpb 08:11 GMT April 16, 2004
Vancouver - Thank you for your input on cable. May I ask what your research is based on?

PAR 08:15 GMT April 16, 2004 Reply   
Buy GBP. Expect UK unemployment to drop to a new alltime low (result of public sector hiring and private sector firing) and average earnings to show substantial gains of more than 5%. This will fuel the idea of higher UK interest rates and should sent GBP above 1.8000.

Melbourne Qindex 08:14 GMT April 16, 2004 Reply   
EUR/GBP : Current Comment.  Register with [email protected] if you have no access to my page.

vancouver jpb 08:11 GMT April 16, 2004 Reply   
london_cam

My research has yeilded the following:

Buy into cable @ 1.7800 range - BUT - we have to get there first.

Short from current levels to buy points.

I just can't see any real break out today past the 1.8000/1.8030 level.

shanghai bc 08:06 GMT April 16, 2004 Reply   

NT -- Unlikely to happen..Brits in general have a phobia about EU and the Continental things in general..The conservatism may prevail rejecting the referendum..But if Brits join EMU,that will be a great boost for Euro while the cousins in the East are a great liability as far as Euro goes..

london cam 08:04 GMT April 16, 2004 Reply   
Farmacia, Good evening.
In which direction do you see this morning's 100 pip cable move?
GL GT

Melbourne Qindex 08:04 GMT April 16, 2004 Reply   
EUR/GBP :Pulling back to 0.6658.

hong kong nt 07:51 GMT April 16, 2004 Reply   
BC -- if GBP decides to join the big family of EUR, any fx implications? many good trades to you...

vancouver jpb 07:50 GMT April 16, 2004 Reply   
hk jn

RE: CABLE

GBP/USD - the currency will likely remain below 1.8000 -- the downtrend should shortly reassert and should fall further and retest the 1.7765 trough. It should go on towards 1.7670 area, which may keep intact relatively longer and cause a relatively large pullback. But further out, we now refocus at 1.7600 - 1.7500.

Melbourne Qindex 07:40 GMT April 16, 2004 Reply   
EUR/JPY : Current Comment.  Register with [email protected] if you have no access to my page.

hk jn 07:14 GMT April 16, 2004 Reply   
anyone can provide gbp option info? TIA

Tallinn viies 07:14 GMT April 16, 2004 Reply   
to get medium term bottom in place euro needs to close over this weeks open levels.
in that case we got daily stochastic crossing higher from oversodl elvels (yesterdau) and also weekly crossing up from o/s levels.
which gives us first big target to concenrate - 1,2275.

Nottingham 07:09 GMT April 16, 2004 Reply   
road, re that cable o/s, sometimes it can marks the absolute bottom while other times it's just a short term bounce...I leave that sort of speculation for the daytraders...gl gt

Helsinki iw 07:07 GMT April 16, 2004 Reply   
Fwiw/ Selling EUR/USD here as I don´t see the 1,2050 level
breaking. Good resistance in AUD/USD also at 0,7450ish which
should hold. IMHO

Nottingham 07:05 GMT April 16, 2004 Reply   
beijing road 05:29 GMT

Sorry I don't use it...but you can ask Jay for my email...I'll make sure to check it before the weekend

van Gecko 07:04 GMT April 16, 2004 Reply   
m/t Asian Kangaroo hunters are hoarding cheap aud/usd on this substantial corrective dip for .8200/8800 (vely lucky number combos).. s/t & micro term, they are looking for lucky .7688 & .7788 again..

MONACO OGA 06:47 GMT April 16, 2004 Reply   
FX UPDATE 16/04
Good morning,

***EUR***
EUR/USD (currently 1,1985), 40 pips higher than yesterday's opening. As we noted already, EUR/USD seems resilient to go below 1,19 level, while 1,20 and above offer some good resistance for the time being. Today we will be looking for the continuation of the consolidative pattern. 2 intraday supportive levels : 1,1950-60 then 1,1890-00. First resistance around 1,2000-20, then 1,2060 and multi day resistance above 1,2175 (200 period moving average on the daily chart). Overall we are still neutral on the medium term but with the recent moves, we would like to start building long positions below 1,1900 for 1,2000-50 targets.

Data out today:
UK unemployment rate Mar expected 2.9% 08.30 GMT
EURO zone GDP 4Q2 expected 0.3% 09.00 GMT
EURO zone CPI 4Q2 expected 0.6% 09.00 GMT
US housing starts Mar expected 1900K 12.30 GMT
US ind production Mar expected 0.3% 13.15 GMT
US ind capacity utilisation Mar expected 76.8% 13.15 GMT
US U Michigan confidence April expected 97 13.50 GMT

Gold stabilizing to 400.50, with WTI May at 37,71.

***JPY***
USD/JPY (currently 108,45) building a base above 108, but finding it difficult to take out 109 offers so far. Support at 108.00-20 and a more significant one at 107,50. Next resistances at 109,00 then 109,75.
EUR/JPY (currently 129.95) stabilizing inside 129.20-130.20.

***GBP***
Cable (currently 1,7910) printed a new low yesterday (1,7760) for a downmove of 640 pips this week. We'll be looking to build long positions today for a retracement to 1,8000 . 1,7750 support should hold again today.
EURGBP (0,6690) could not retrace lower than 0.6660 and tested 0.67 resistance overnight (high 0.6710). We still faour the downside and we'll be looking for a retracement to 0,6640.
Have a nice day,

Olivier

HKG SK 06:44 GMT April 16, 2004 Reply   
I really do not think this is a correction, this might be a trend reversal for the Dollar. That is why I still think there is room for this dollar' bull at the moment. 1.13-1.15 will be a cheap place to buy Euro. IMHO.

ny amc 06:43 GMT April 16, 2004 Reply   
I have asked this already but here goes again...why is aud/jpy so strong???

Tallinn viies 06:30 GMT April 16, 2004 Reply   
HKG SK 06:13 - why, too expensive? Im wondering here if 1000 points correction from the top is enough or not :)

van Gecko 06:24 GMT April 16, 2004 Reply   
hey viies.. i'll ride your euro coattail.. add on dip at 1.1950 if seen for a near term 200 pip grab up at 1.2150
have a nice..;) Cheerio..

HKG SK 06:13 GMT April 16, 2004 Reply   
Don't get trap by going long at this level. We might have seen the top for Euro today and the downtrend will reassert itself. I expect a 200 pips move down by tonight. say 1.1830 is very possible.

HK [email protected] 06:09 GMT April 16, 2004 Reply   
As per my intuition(NZD Daily) I suggest to look from one side on that upward Res. line I mentioned just B4. And now take the DailySMA(200) and try to overlap on it a straight line(not too hard from March 12 to the present for... the best fit ) and what we get is a sort of expanding daily triangle in which the price action is bounded currently. With your talents try to trade it up to the exit of this structure..For me better stay out.

Ldn 06:05 GMT April 16, 2004 Reply   
Looks like we may get a strong aud into Monday any views the level we coud see being tops .. Yippee yours would be helpfull as your Hot<:-)

HK [email protected] 05:57 GMT April 16, 2004 Reply   
I do not trade NZD, but the hourly as I suspected last night would like to test the Res. line on the daily (LOWS of March 12 & 26). That may be the point, if the trend up will push through or not. For the time being if price will reach there situation may be exhaustive...so better to watch the whole markets if it has a strong enough Dollar bear momentum.

Miami OMIL (/;-> 05:56 GMT April 16, 2004 Reply   
VIIES hope we have a good ride on this one. GT

Miami OMIL (/;-> 05:52 GMT April 16, 2004 Reply   
indonesia bahari2003 05:42 GMT April 16, 2004
I see resistance for gbp/usd around 1.7960-80 area but there are better-qualified people than I am for gbp/usd here in the forum IMO. GL GT

Tallinn viies 05:49 GMT April 16, 2004 Reply   
good morning world!
only direction visible to me today is 1,2055/65. without touching it downmove would be really really hard work. keeping my long euro, planning to add near 1,1930 area. stop under 1,1888. fwiw

Ldn Hat 05:45 GMT April 16, 2004 Reply   
IMHO I see GBP/USD Lower, shorted more at 1.7920 stop 1.8020 target 1.7750 IMHO Thanks

racine 05:43 GMT April 16, 2004 Reply   
no comments on the usd/jpy at all?

indonesia bahari2003 05:42 GMT April 16, 2004 Reply   
Miami OMIL (/;-> 04:52 GMT April 16, 2004
Miami, what is your view on gbp? will it reach 1.8025, I still hold long position at 1.7860-tx

beijing road 05:29 GMT April 16, 2004 Reply   
Nottingham:
sir, may I contact you by MSN if you have it plz? Thanks.

. 05:25 GMT April 16, 2004 Reply   
.

Miami OMIL (/;-> 04:52 GMT April 16, 2004 Reply   
Eur/usd might not have enough to get through the resistance this time. Temporary support is around the 1.1950-60 area now.

NZ/Auckland NZD/USD 04:52 GMT April 16, 2004 Reply   
how about the trend of the NZD/USD, the basic trend is NZD is going down, but I am interest in the speed of it, how fast is it going down? hopefully soon.

racine, WI 04:45 GMT April 16, 2004 Reply   
any opinions on the usd jpy/currently im still long

Minnesota Mark 04:43 GMT April 16, 2004 Reply   
vancouver jpb
New around here but took 10 call options out on cable this morning @ 17780 or so.

Miami OMIL (/;-> 04:39 GMT April 16, 2004 Reply   
Sorry for that I was trying to type fast the next resistance is 1.2030-40 and 1.2080-90 IMHO.

vancouver jpb 04:38 GMT April 16, 2004 Reply   
Anybody got a view on the the cable.

RE: these eco releases coming out @ 7:30 GMT?

Miami OMIL (/;-> 04:37 GMT April 16, 2004 Reply   
One resistance is broken now 1.2030-40 and 1.2080-90. Looking for eur/usd to print 1.2065 on this run for me. GL GT

hk ab .6 nzd 04:27 GMT April 16, 2004 Reply   
hm... eur 1.2......

sgp sp 04:24 GMT April 16, 2004 Reply   
good afternoon ab, the aud/nzd tough nut is here again....q is, will it break?

hk ab .6 nzd 04:20 GMT April 16, 2004 Reply   
oh come on, Revdax, you are tempting me!! ;)

If you don't mind plz let me know thru email and I will keep it SHUT!

Melbourne Qindex 04:10 GMT April 16, 2004 Reply   
AUD/JPY : Current Comment.  Register with [email protected] if you have no access to my page.

Melbourne Qindex 03:53 GMT April 16, 2004 Reply   
EUR/AUD : Current Comment.  Register with [email protected] if you have no access to my page.

Melbourne Qindex 03:30 GMT April 16, 2004 Reply   
Spot Gold : Current Comment.  Register with [email protected] if you have no access to my page.

Van jv 03:27 GMT April 16, 2004 Reply   
shanghai bc,,,thanks bc and appreciated , wishing GL and Good D, hope good 4

shanghai bc 03:23 GMT April 16, 2004 Reply   

JV -- Good morning..By design or accident,rate hikes is coming in China and USA,the main producer and consumer countries and two major Dollar-Bloc nations in the world..Hence,Dollar is reasonably supported at present..The byproduct is correction in commodities and inflation trend thus giving a breathing space for the financial authorities in China and USA..Once commodities and Gold are hit hard,Pound,Aud and cad are bound to hit hard given the composition of portfolio by Asian a/c..Of course,when stox,bonds and real estates are hit hard in USA and China by rising cycle of rates at some point,Dollar will not be immune from it either..But that may be some time down the road..Now,Dollar will be having a sunshine for a while..Imho..Good trades..

hk revdax 03:10 GMT April 16, 2004 Reply   
hk ab nzd 0.6 //$/CHF and $/Euro _did_ come down by close in NY time. So my Macau indicator did not produce a dog day yesterday. The mkt is about to make a surprising move too. But i will let my MI silenced today and see what you guys have got to say....lol

Van jv 03:06 GMT April 16, 2004 Reply   
shanghai bc 01:09..G,D////it seems bc that you lost faith in the long term US bear channel that started in 2001, though not much, if nothing has changed to the deficits, geopolitically --if so, imo to the worst......but only1.21+ woula at least retest lows.....if melt- down expected and more wars...........

houston ken 03:04 GMT April 16, 2004 Reply   
BUYING CABLE HERE

beijing road 03:01 GMT April 16, 2004 Reply   
Nottingham:
Intersting to see cable reverse from your o/s level at least for short time .

LAX-LGB SNP 02:18 GMT April 16, 2004 Reply   
EURJPY's third try @ 130.25 makes for an interesting short

However USDCAD standing @ the edge of the 1.34 precipice, also EURUSD & USDCHF finding support/resistance thanks to daily 200 ma & weekly 50 ma are more likely to decide USD fate

Nonetheless, last month's zones (posted on 11:57 GMT April 13, 2004) are still USD-supportive

p.s.
shanghai BC ... many thanks for your time :-)

hk ab nzd 0.6 02:15 GMT April 16, 2004 Reply   
fwiw, gold is not tanking.
THink should reverse all nzd positions today.

shanghai ht 02:11 GMT April 16, 2004 Reply   
I ask shanghai bc.

shanghai ht 02:10 GMT April 16, 2004 Reply   
do you believe the usd/jpy will up over 110 in the near future?

Jubail S 02:05 GMT April 16, 2004 Reply   
Any comments about eur/$?
Thanks & good luck

hk ab nzd 0.6 01:56 GMT April 16, 2004 Reply   
bc// thanks for telling us the bigger term picture.

shanghai bc 01:54 GMT April 16, 2004 Reply   

OMIL -- Good morning..Good trades..

AB -- Good morning..Medium-long-term,buying anything below Usd/Jpy 110 is a good value for investors..Trading and speculating is another matter..Likely to fluctuate in 110-105 for a while..Good trades..

hk ab nzd 0.6 01:44 GMT April 16, 2004 Reply   
bc// may I ask you the m/t of dlr/jpy?
is it just keeping its 105-110 range b4 coming summer?

Miami OMIL (/;-> 01:44 GMT April 16, 2004 Reply   
Thanks BC always glad to see your comments. Hope you are having a good week. GT

shanghai bc 01:38 GMT April 16, 2004 Reply   

Major Yen traders,mainly Japanese and Chinese, suffer from severe "herd-syndrome" even in their trading patterns..Hence once the motion starts,such a huge move from one direction to the other in most cases..

hk ab nzd 0.6 01:25 GMT April 16, 2004 Reply   
The yen mover moved other majors as well

Ldn 01:22 GMT April 16, 2004 Reply   
EUR/USD, now down 30 pips to 1.1954, may test downside below Wednesday's 4 1/2-month low of 1.1865 later today given failure to break above heavy resistance at 1.2000, says Japan bank dealer; adds EUR/USD correction likely to continue through April, with pair on course for test of 1.1700, then 1.1500, while top capped at 1.2100
rts

Melbourne Qindex 01:20 GMT April 16, 2004 Reply   
USD/CAD : Current Comment.  Register with [email protected] if you have no access to my page.

shanghai bc 01:09 GMT April 16, 2004 Reply   

On buyers and sellers..Since Eur/usd hit 1.2050 level in early march,the buyers have been buying around 1.22 and 1.21 and 1.20 and now 1.19 lines with some 200+pips bounce in each case..Sellers turned up on each bounce of 200-300 pips from those round figures..With lower lowes in each buying meaning more moneys are selling than buying at present..So, it is reasonable assumption that this time Eur/usd will bounce from 1.19 line towards 1.21+ and get sold again toards 1.18 next time..And this reflects the nature of the major players in Euro market as well..Well reserved and not-that-easily excited characters..It is the people that makes the market including their personalities..Fwiw..

Miami OMIL (/;-> 01:05 GMT April 16, 2004 Reply   
Yes indeed thanks. GT

Melbourne Qindex 01:03 GMT April 16, 2004 Reply   
USD/CHF : Current Comment.  Register with [email protected] if you have no access to my page.

Tallinn viies 01:03 GMT April 16, 2004 Reply   
1,1900 would be perfect.
personally planning to buy near 1,1930.
target first retracement (of course you know what I mean) 1,2060.

Miami OMIL (/;-> 01:00 GMT April 16, 2004 Reply   
VIIES were do you see the support at this time? tia

Shg 00:56 GMT April 16, 2004 Reply   
USD/JPY: Flies Higher On Strong Demand Out Of Tokyo

seems like this is it AB

Houston DK 00:55 GMT April 16, 2004 Reply   
Good evening all.... buying eur for a few pipos..... having a little fun!!!!!!

Tallinn viies 00:54 GMT April 16, 2004 Reply   
ok, I think we may see 1,2060 today as Im ready to pay over offers and of course sellers want to sell me some euros there

hk ab nzd 0.6 00:52 GMT April 16, 2004 Reply   
Holy smoke, while all of you are holding such an interesting discussion on buyer/seller, the aud tanks!!!

Running towards Q's .71xx?

Don't forget your poses!!!

Tokyo Jon 00:51 GMT April 16, 2004 Reply   
EUR/JPY Short-term Analysis
EUR/JPY (129.95)
Trading range: 129.30 <==> 131.00
Trend: Upward
After failing the minor short yesterday, hitting the sell entry at 129.45 the market tried several times to break through the 129.30 support, only to be pushed higher again. The midterm buy signal was generated yesterday around 129.60 and is gaining support as 129.30 strengthens.

buy above 130.15, target 131.10 and reverse, stop 129.40
sell below 129.20, target 128.40, stop 129.65

Melbourne Qindex 00:49 GMT April 16, 2004 Reply   
AUD/USD : Current Comment.  Register with [email protected] if you have no access to my page.

UAE oil man 00:47 GMT April 16, 2004 Reply   
Viies, I quote from your article,

"Many of the price increases were driven by bidding wars and buyers offering well over asking prices"...exactly what i m talking about....Thanks...


----
Dublin...Yes it's jerry springer ...in 4 hours the rates have moved 4 pips..so in times of certainty between counterparties we have time to discuss and relate on many subjects.

GA TJ 00:42 GMT April 16, 2004 Reply   
Ater this discussion if anyone does not understand Buyers and Sellers, the Zero sum game we play in, fear and greed, then perhaps they never will. Ncely put Oilman. ML.

ML, BTW do you have any ideas? Wili be working on it this weekend.

Oilman, hope you are feeding the wonder Cat well/

Dublin CK 00:40 GMT April 16, 2004 Reply   
This is like watching a good family fued on Jerry Springer. But its the forex furniture being thrown about.

Jerry jerry jerry jerry

Very enlightening debate

Tallinn viies 00:39 GMT April 16, 2004 Reply   
oilman, what about those prices?

Ldn 00:37 GMT April 16, 2004 Reply   
It's prudent for borrowers in Australian markets to factor in at least one more hike in rates, says Craig James, analyst at Commonwealth Securities. Cash rate below long-term average but both local and overseas economies growing strongly. AUD has stopped rising while inflation to be more influenced by domestic sources. If housing flattens out at highs or unsustainable levels then RBA will have case to hike, likely in June, he says
AP

Livingston nh 00:36 GMT April 16, 2004 Reply   
Shg - the interest rate spread becomes less important than the effect of the interest rates - another rate hike in Australia will set the economy back relative to an expanding US - the currency of credit based economies are more sensitive to rates than a Japan or Germany

Miami OMIL (/;-> 00:35 GMT April 16, 2004 Reply   
I believe everyone is saying the same thing with different angles to the story. There are different ways of interpreting the obvious IMHO. GL GT

Melbourne Qindex 00:35 GMT April 16, 2004 Reply   
GBP/USD : Current Comment.  Register with [email protected] if you have no access to my page.

ICT ML 00:33 GMT April 16, 2004 Reply   
jon....maybe there were willing buyers there...but in his simplified example, there was a willing seller at 1.5 only..so a willing buyer at 1.5 matches a willing seller at 1.5 and price is dealt there. The other buyers were out bid and go home empty handed :-(

UAE oil man 00:32 GMT April 16, 2004 Reply   
The Price moved up to 1.50 Because the SELLER's Didnt feel confidend/EAGER to sell at the level requested by the BUYERS (under the current price/at current price)..And wether it s BOJ or BOC/ECB/FED or whoever they have to find counterparties at matching prices or there is NO BUY AND SELL..I thought i was/am very explicit..I don't think it's possible to TRADE something when there is no counterparties...If i want to trade 3 buy mosquitoes and there's no mosquitoe sellers then i don't buy them.

Miami OMIL (/;-> 00:30 GMT April 16, 2004 Reply   
Let see what came first the egg or the chicken lol. Bottom line I believe is to make money or at least to try. Intraday indicators for eur/usd are in O/B=(priced) territory and will need to unwind. Temporary support is still around 1.1930-40 and the fibo line has held the bullish (buying) moves to a hault. Might have to wait for Europe to decide which way it goes for now IMHO. GL GT

Shg 00:27 GMT April 16, 2004 Reply   
(reuters )Speculation that Australia's yawning interest-rate differential over the U.S. is set to narrow gave the Australian dollar's week-long capitulation extra downward force
But getting on board that bearish band wagon for too long may be ill-advised. The next move in the benchmark spread could well be a widening, and soon, economists and strategists warned Thursday. For that reason, currency investors who are now scaling back exposures to carry trades in the Australian dollar may be acting prematurely. The differential is set to remain a compelling reason to buy the Australian dollar over the long term, and forecasts of a move higher in coming months remain intact, they said.
In U.S. trading Wednesday, the Australian dollar hit a 1-month low of US$0.7297, down four U.S. cents from the start of the week, as the U.S. currency climbed on strong economic data. In Asia on Thursday, the Australian dollar found its feet and at 0620 GMT was trading around US$0.7380. An observation by Reserve Bank Governor Ian Macfarlane after a dinner speech Wednesday that U.S. interest rates will have to rise very soon was the source of the fresh market jitters, traders saidMacfarlane said the need for the U.S. Federal Reserve to remove stimulus in the form of the Fed Funds rate at a 46-year-low will become critical in the next six months. The danger of overheating the U.S. and global economies would increase if action isn't taken, he added. I think the (U.S.) economy is recovering. And as its economy recovers back to normal, its interest rates will recover back to normal," Macfarlane said. "And that is the mechanism, the main mechanism at least, which would mean that this big gap between Australian and U.S. interest rates will diminish," he said. Investors sold the Australian dollar on those remarks, sensing that the spread between the benchmark interest rates, now at 425 basis points, will diminish. But there is a trap in following the logic too closely. The risk is that in the near term the differential will widen, with Australia to raise rates again before the U.S.

Australia Could Tighten Well Ahead Of Fed In 2004

Lost in the currency market's rush to sell Australian dollars overnight was the fact that Governor Macfarlane also reaffirmed the central bank's bias to tighten interest rates. Australian institutions are still lending a massive A$12 billion a month for housing, Macfarlane said. Household debt, already at 140% of household income, will continue to build, he added. "That is a lot. That means the stock of debt is still growing at 20% (a year)," he said. If the current pace of lending continues, credit to the housing sector would still be growing at an "unsustainably high" 18% by the end of the year, he said. Economists said the remarks clearly indicate the Reserve Bank will raise interest rates if the housing sector shows signs of a recovery. Chief economist at Commonwealth Bank, Michael Blythe, said the Reserve Bank may hike as early as a June, well ahead of most forecasts for a Fed rate hike. If so, Australia's benchmark spread to the U.S. may widen to a mammoth 450 basis points. Local housing demand remains strong, the Australian dollar has stopped appreciating rapidly, interest rates remain historically low and share markets are starting to look shaky, Blythe noted. These are all the ingredients needed to prompt a rebound in housing demand, forcing the Reserve Bank to hike again in coming months, he said. Traditionally, March-April is a period of high demand for mortgages as home buyers emerge from the quiet of summer holidays. Lending behavior through March could make or break the case for a further tightening. "The perception is that it is now a buyers' market, not a sellers' market for real estate...I reckon we could see housing turn around pretty quickly," Blythe said. Commonwealth Bank, Australia's biggest mortgage lender, expects the Australian dollar to be trading back up around US$0.7850 in the third quarter. Maintaining a highly positive interest-rate spread with the U.S. is a major part of the forecast. The Reserve Bank hiked rates twice in late 2003 to puncture a Christmas spending binge and damp overheated housing activity. Data since then show the central bank has enjoyed a degree of success. But as Macfarlane said Wednesday, there can be no certainty the slowdown in consumer demand and lending will be maintained. The central bank is on guard to hike if needed. Allison Montgomery, currency strategist at Westpac, said Australian interest rates are likely to rise in August and the Australian dollar will return to US$0.8000 in the second half of the year.
Westpac expects the Fed to delay raising interest rates until after the presidential election in November.
Geoff Bowmer, head of trading at Macquarie Bank, said the Reserve Bank will wait for the Fed to tighten first before it hikes again. But in net terms, the differential will be maintained at a level that will remain compelling for overseas investors, he said. The differential would have to contract to as little as 150 basis points before international investors switched off, Bowmer added.
U.S. dollar strength will cap the range, while the still-generous interest-rate differential in favor of Australia will cement support, he said.

Tokyo Jon 00:24 GMT April 16, 2004 Reply   
UAE oil man, what made the price go up to 1.5, there must have been buyers either at 1.0 and 1.2, unless BOJ had some presences

Melbourne Qindex 00:19 GMT April 16, 2004 Reply   
EUR/USD : Current Comment.  Register with [email protected] if you have no access to my page.

Singapore Sfx 00:17 GMT April 16, 2004 Reply   
Any eurjpy thots here ? Thanks.

UAE oil man 00:13 GMT April 16, 2004 Reply   
Situation a:
there's 3 buyers of A....there's 1 seller of A.
There's 1 Seller of A.
price buyers want/willing/eager to buy at
1.00
1.20
1.50
..
price the seller is eager to sell at 1.50
--
Market went to 1.50..one exchange done..As many buyers as seller DEALT..

Va Raven 00:12 GMT April 16, 2004 Reply   
Not really understand the purpose of this debate, but the more I read, the more I feel confused;
Price move, in fact any price, even an used car sale's price is 100%, purely and absolutely decided by the SUPPLY AND DEMAND at that particular given moment. PERIOD!

One single seller who has 10 yards dollar to sell, even 1 million buyers who have total of 1 yard power to buy, the price is set to go down. Ask BoJ if you still have question.

Tokyo Jon 00:10 GMT April 16, 2004 Reply   
Tallinn viies, hello mate great call last night on the eurusd.

just love the different views of traders, both are right in there own aspects. one is trying to get across the basic principals and the other is expressing trends and directions.

shanghai bc 00:06 GMT April 16, 2004 Reply   

Interesting views indeed..

Tallinn viies 00:02 GMT April 16, 2004 Reply   
UAE oil man 23:56 - get real man

 




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