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Forex Forum Archive for 05/02/2004

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Global-View New Research Section 23:57 GMT May 2, 2004 Reply   

We have launched a new research section that we hope to continually expand over time. We have gotten great feedback and you can find the link to it in the middle of our home page, on the right sidebar under GVI or by CLICKING HERE

dc fxq 22:52 GMT May 2, 2004 Reply   
holidays on most of the continent and uk. there may be some, limited presence but look for thin markets ewsp. w/Tkoyo also in a holiday mode

houston st 22:18 GMT May 2, 2004 Reply   
good day all; eur/usd inching it's way to 1.20xx & beyond; very quiet start thanks to Golden Week; no change in my view of eur/usd; should be quiet until Europe open but event risk is always w/ us; good trades/good luck.

xds bch 22:15 GMT May 2, 2004 Reply   
hi, what xchanges close 2morrow?

OK SZ 22:13 GMT May 2, 2004 Reply   
Jon, that sounds good..have a good day..

brisbane sunstate 21:07 GMT May 2, 2004 Reply   
Crash fear amid auction slump
By Peter Shadbolt
03may04

THE worst weekend for house auctions in more than a decade has brought Sydney, once at the vanguard of the surging property boom, to the brink of collapse.

Nearly two-thirds of the properties put up for auction failed to find buyers, with a dismal adjusted clearance rate of just 35.7 per cent.
If the slump signals the start of a crash, the Howard Government whose economic success has been underpinned by the housing boom will come under intense pressure ahead of the federal election.

Peter Costello signalled that the Government saw no justification for a rise in interest rates at tomorrow's monthly Reserve Bank board meeting.

The Treasurer said last week's inflation figure of 2per cent was "bang on the lower band" of the 2-3 per cent target for inflation agreed by the Government and the RBA.

Low interest rates have fuelled the property boom, and ministers will be anxious to avoid rate rises in the lead-up to the election, to ensure the Government retains its perceived advantage over Labor on the issue of economic management.

In Sydney, out of 111 properties to go under the hammer over the weekend, 45 were sold and 15 withdrawn before auction, according to the Home Price Guide. The weekend clearance rate average for the past four weeks was 39.2per cent.

While the figure was dragged down by the normally sluggish Easter weekend, it hovered around the doomsday 40 per cent mark, which would signal a crash.

"Anything under 40 per cent and things are looking pretty scary," said Louis Christopher, research director at Australian Property Monitors.

Melbourne property prices have already been savaged. The March quarter was the market's flattest since 1996 and median metropolitan house prices tumbled for the first time in three years. Median prices in Clifton Hill fell a staggering $92,000, from $580,000 in the December quarter to $488,000.

While weekend auction clearance rates in Melbourne were steadier at 54 per cent, the volatile Sydney market has always been a strong indicator of the direction of property prices.

"If clearance rates continue at these levels, we're in crash territory," Mr Christopher said. "We haven't seen figures like this since the last recession, and then we saw property prices falling."

Sydney recorded its lowest monthly auction clearance rate for 13 years in March, with more than half the houses put up for auction failing to find buyers. The March adjusted clearance rate hit 45.5per cent.

Agent Martine Wachten heim, at the inspection of a one-bedroom terrace in Sydney's Darlington, was putting a brave face on the prospect of a crash.

"I don't think the market has crashed it just means we have to work harder to sell a property. The market is more realistic now," she said.
The Australian



Athens 19:07 GMT May 2, 2004 Reply   
From Trendways weekend analysis:

The Dollar is standing on crossroads. Looking at the major pair's (EUR/USD) weekly and monthly charts, the EUR corrective downtrend seems to remain intact but prices have come pretty close to the long term support line which this week will be coming in around 1.1720 (1.1725 on the monthly chart). It may hold and spark the resumption of the previous uptrend or break and accommodate a longer term correction of the full uptrend going back to the deep sub-parity levels. At the same time however, we also have the medium term resistance line (drawn off 1.2925 through 1.2385-70) coming in on Sunday evening around 1.2005 and, no doubt, a break would at least postpone a test of the long term support line while they might even signal the resumption of the uptrend. It is quite obvious that this first week of May will be critical and possible decisive.

Van jv 16:31 GMT May 2, 2004 Reply   
Now that leasing scams and hedging have run their course, a new scam has to pick up the ball -- EXCHANGE RATE MANIPULATION.
goto financial F--Stockholm za ---how to outsmart?

SG Jay 15:29 GMT May 2, 2004 Reply   
Whats your view on usd/jpy do you think we will see 113 or will we see 107

Tokyo Jon 15:27 GMT May 2, 2004 Reply   
will not be posting levels for monday, to many holidays around the world, will be back tuesday morning jap time

Tokyo Jon 15:18 GMT May 2, 2004 Reply   
BOJ boss warns against optimism
21:12 AEST Sun May 2 2004

AP - Japan's central bank chief says long-running price declines that are hobbling the world's second-largest economy could ease in 2005 if overall economic growth and corporate reforms continue.

But Bank of Japan Governor Toshihiko Fukui cautioned Japanese against becoming too optimistic just yet.

Swiss DG 15:17 GMT May 2, 2004 Reply   
I am looking for info, trends on AUD/USD. Anyone can advise web page, link....

 




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Mon 27 May 2019
AAGB/US- Holiday
Tue 28 May 2019
A 14:00 US- Consumer Confidence
C 13:00 US- Case-Shiller
Wed 29 May 2019
A 08:55 DE- Employment
AA 18:00 US- BOC Decision
A 18:30 US- EIA Crude
Thu 30 Mar 2019
AAEZ/CH- Holiday
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Fri 31 Mar 2019
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A 12:30 US- Personal Income, Spending, Deflator
AA 14:00 US- Final Univ of Michigan


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