User Name: Password:      Register - Lost password?

2003  2004  2005  2006  2007  2008  2009  2010  2011  2012  2013  2014  2015  2016  2017  2018  2019  2020  
January  February  March  April  May  June  July  August  September  October  November  December  
01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31

Forex Forum Archive for 05/13/2004

Pick a date from the header above to view forum postings for that day.
Click here to join the Live Forex Forum.


Dublin CK 23:55 GMT May 13, 2004 Reply   
Thanks BC,

I too follow your posts closely, i find them very valuable, insightful, interesting and educational.

Keep up the good work.

Has anyone seen Dr Q? I need an opinion on Eur/Aud, it looks like its bursting to short for a while now. But it just hasnt.

shanghai bc 23:48 GMT May 13, 2004 Reply   

AMC -- In trader's terms,what it mean is,trade Usd/Jpy off Oil chart for a while and trade Eur/Usd by paying attention to Eur/Jpy moves..

shanghai bc 23:46 GMT May 13, 2004 Reply   

Correction..It should be read "Usd/Jpy is likely to rise further as long as Oil keeps rising"..

ny amc 23:44 GMT May 13, 2004 Reply   
shanghai.bc...........could you explain that post a little more to us newbies please. I follow your posts but this one i am having trouble following. Thanks alot if you have the time

shanghai bc 23:39 GMT May 13, 2004 Reply   

Eur/Usd's support aaround 1.18 has a lot to do with Eur/Jpy strength..Unless and until Eur/Jpy buying turns back,Eur/Usd is likely to be well supported by default..And Usd/Chf is barely standing above 1.30 thanks to European/Asian carry trades too..The key in recent forex market is still in Eur/Jpy moves based on US rate rise and China slowing down story..Assuming Eur/Jpy is at 1.25 now,Eur/Usd must be somewhere well below 1.15 by now..In this round,in terms of popularity,it must be Dollar/Euro/Asian currencies now..The next big move is again likely to come from unwinding of Eur/Jpy carry trades at some point..On Usd/Jpy,it is likely to fall further as long as Oil keeps rising..Oil and Commodities may provide a clue to where the likely top of Usd/Jpy is..Fwiw..

LAX-LGB SNP 23:14 GMT May 13, 2004 Reply   
shooting stars apparent on EURCHF/GBPCHF dailies suggest buyers gaining strength
will also watch GBPJPY/USDCHF weekly closing formations

also GBPUSD daily starting to stabilise over 1.7560 as 200 ma draws closer & EURUSD still holding over 1.1785

tokyo nyan 23:08 GMT May 13, 2004 Reply   
good morning all. DId anyboday hear about Medley report? I heard it talks about low heding ratio of N-225 investment by foreign investors?!

Livingston nh 23:07 GMT May 13, 2004 Reply   
The Fed reported that M1 money supply is still growing at better than 11% - thru the end of April it grew at 12%// the M2 monetary tightness of last Fall is definitely over // Will the Fed try to cushion the financial markets with money supply expansion as interest rates rise?

I'm waiting for a sharp spike downward on EUR and for Cable to break below 200 da mva to mark the end of the current USD rally and the beginning of a 50% correction -- maybe tomorrow's data will provide the impetus == I don't think a new low on EUR at 1.16** will signal more weakness // My USD/CAD seems to be having a problem at 1.40 so it may be best to take what I can get tomorrow

Another WILD Friday?

Global-View Research 22:07 GMT May 13, 2004 Reply   
Cyclical Story Dominates Structural Story On Dollar (FXA)

Wednesday's record US trade deficit for March did impact the dollar as the market switched focus away from the cyclical story that had been supporting the dollar (higher Fed funds rate) since early April to the structural story (funding the US current account imbalance) that drove the dollar for some if not much of the two-year decline through February. Well it switched the focus briefly. The focus today, if prices tell us anything, switched back to the cyclical story or the impending Fed rate hike (US economy growing at a faster relative rate than the rest of the world).... see full story on our new research section, which can be found on a link in the center of our home page, on the Analysis & News links on the right sidebar or by Clicking Here

GA TJ 22:06 GMT May 13, 2004 Reply   
Stop at B/E on cable trade. Limit at 85. Dinner time.

GA TJ 21:54 GMT May 13, 2004 Reply   
FWIW, just sold Cable at 1.7615. Doing a little slow period raiding, looking for 20-25 PIPS. Not expecting a major move.

Dallas GEP 21:52 GMT May 13, 2004 Reply   
BTW guys I stopped out 1.7135 on my 1.7120 eur/aud shorts This pair will short dramatically I just don't know WHEN!!!!

Miami OMIL (/;-> 21:48 GMT May 13, 2004 Reply   
GEP I have 1.7178 offer with minimum 1.7152 max 1.7197 for today. I wish I could tell you more about this pair but I don’t trade it at all. GL GT

Dallas GEP 21:46 GMT May 13, 2004 Reply   
Thanks JMI

Stockholm za 21:46 GMT May 13, 2004 Reply   
Bandung Zink
To become a ( or the gateway to ) success/good trader or money maker. Has little to do with monthly profit at X% or Y% or higher or lower .... Think about it before you re.
Happy trades.....


GA TJ 21:46 GMT May 13, 2004 Reply   
GEP REF CO has it at 1.7177

Chicago JMI 21:42 GMT May 13, 2004 Reply   
1.7179/91

Dallas GEP 21:39 GMT May 13, 2004 Reply   
What is EUR/AUD current rate please????

NY GG 21:09 GMT May 13, 2004 Reply   
buy cable for 1.7645 stop 10 pips below current price

Miami OMIL (/;-> 21:08 GMT May 13, 2004 Reply   
Oakland Daimyo 17:52 GMT May 13, 2004
Interesting way of describing this business as a matter of fact I believe we live our lives the same way (elvis still lives) LOL. GT

Riyad 20:31 GMT May 13, 2004 Reply   
13.05.2004 11:57:00 TTFX EUR is not yet competitive vs USD as a reserve currency, Saudi Vice Central bank head Al-Jasser says. This is a surprisingly negative comment.

Brazil, JH 19:46 GMT May 13, 2004 Reply   
Bandung Zink, most of us are just happy not
to lose money.. LOL

Bandung Zink 19:36 GMT May 13, 2004 Reply   
Hi everybody, I just want to know how much average profit a person makes a month till we can call that person a success/good trader or money maker. Is it 10% or 20% or higher? Please feel free to write your opinion. :)

Malaga boqueron 19:27 GMT May 13, 2004 Reply   
SYDNEY ct. I suppose the Nikkei's sell on any rally mode after the failed breaks above 12,000 isn't helping.

Malaga boqueron 19:23 GMT May 13, 2004 Reply   
SYDNEY ct, Re weakening yen. Too many people were too bullish the yen. Just a massive short squeeze going on, more than likely helped along by the BOJ, the most successful currency player of all times. I do believe however it'll be tough to get it above 115.00 and onto 120.00. Keep an eye on the crosses for clues.

hk ooozmeeh 18:16 GMT May 13, 2004 Reply   
SYDNEY ct 17:57 GMT one factor--- slowdown in chinese economy

Stockholm za 17:58 GMT May 13, 2004 Reply   
Chambery FR JFB >> Just make sure your stops are in place and try your best not to adjust them on the neg. side ..... Happy trades .....

SYDNEY ct 17:57 GMT May 13, 2004 Reply   
Can anyone make any sense of JPY depreciation?
I know the USD is strengthening, but Japan has enormous assets in the US and practically supports half the issuance, AND its trade and economy is booming.
What's going on?

Oakland Daimyo 17:52 GMT May 13, 2004 Reply   
Miami OMIL (/;-> 16:32 GMT May 13, 2004
None of us trade the markets, we only trade our perception toward the markets, in other words, we see what we see. Actually, I use 4HR and 24 HR charts. I try to stay just outside of intraday punters.

Oakland Daimyo 17:44 GMT May 13, 2004 Reply   
Nottingham 16:48 GMT May 13, 2004 ----Well said. Until traders are willing to take the other side like dealers they will always place themselves with improper R/R weighted by probability.

Chambery FR JFB 17:41 GMT May 13, 2004 Reply   
Stockholm za 17:20 GMT May 13, 2004
Thx... Trade is doing very well, I may buy and rebuild another house soon :-)

Just after my post, my system gave a buy signal @1.1815. So closed my short (+87) and gone long, hoping to revisit at least the 1.1870 barrier, will advise if broken, a new visit to 1.1900... Let's see :-) On daily MP, 1.2115 is still the POC but 1.1872 likely to become the new one soon, value range sliding from 1.2070/1.2185 to 1.1830/1.2000.

Dinner time, happy trades :-)

OK SZ 17:37 GMT May 13, 2004 Reply   
gg, nice call on that scalp

Stockholm za 17:33 GMT May 13, 2004 Reply   
Oakland Daimyo >>> Thank you ...& Happy trades ..........

Livingston nh 17:33 GMT May 13, 2004 Reply   
There may be some reaction in a half or so to the 10 year Treasury auction - this is a tricky auction the day before CPI and Fed's Industrial Production - the non competitive bids were not so good on Tues and Weds and the issues are underwater

Oakland Daimyo 17:28 GMT May 13, 2004 Reply   
EUR/USD and AUD/USD stays sell uptick strat. Slow money but consistent. Careful w/ EUR/USD, read this article,
MMS : "[EUR/USD] has shaken off a market rumour regarding the evacuation of Grand central station in NY to drop back into the mid 1.1820's. Prior to the rumour the pair had been lifted off session lows as European players pared risk on shorts before leaving. German offers thought to be corporate based are capped the rise around 1.1850, with a move through 1.1880 deemed necessary to inject enthusiasm for trade into the market. Overall a sell strength attitude dominantes speculative intents with players still frustrated by the lack of sub 1.1800 trade. So as not to miss a possible break of 1.1750 short dated downside option strikes have been much in demand, although delta hedging from these may just end up adding to the bid tone."
The bid tone mentioned in this article is delta related meaning there's a good chance of overhead demand (long calls or short puts) as hedgers (mainly corporates) have long standing market-neutral assumptions. Many of them are not particularly good at making adjustments to their once delta-neutral spreads. This could cause good size volatility in the markets, so keeping trailing stops at least 1.5ATR(10 period) 4hr from intraday low- upside down chandelier-umbrella) is highly recommended, as short squeeze is always possible. Shorts are working but some of the overhead demand (in red) are buying (double down/avg) sending mkts higher in order to unload , happy to get out even or close to it. The point is I do not think small specs want to be in the way of this re-adjustment period unless you can afford the stops, it might be a bumpy ride. I'm still in it, but wanted to post this because I'm gonna checkout for awhile. How long it lasts, it will be over when it’s over. GT Sorry about long post.

Oakland Daimyo 17:27 GMT May 13, 2004 Reply   
Stockholm za 16:29 GMT May 13, 2004

This has been my main focus all year, however I trade primarily 2-3 day swings as I don't have the patience or the risk capital to properly position trade. I'm working on this. I favor selling failures after retracement zones and pullbacks to cyclic MA's. Sell Uptick, Buy on Dip. As you know P&F charts have no time reference, so in terms of time I do not use them. However, the build up of cause created during 1/12/04 -- 03/02/04 Trading range horizontal count has set tgts, their are more but I only post as they become relevant. Cause took 2-3 months so effect could possible take as long. Maybe this month or next before cycle end.

Miami OMIL (/;-> 17:22 GMT May 13, 2004 Reply   
FWIW a strong bounce for eur/usd from the 1.1770 area might suggest that this bottom will stay in place and we will go back to range trading IMHO. BTW my stops are about to get hit if this continues higher.

Stockholm za 17:20 GMT May 13, 2004 Reply   
Chambery FR JFB >> Thank you very much.. it look`s all good.
Dispite your work at home i hope your trading is going well..
we have been playing out the dayly values very well this week... There is a spike at ~1,1720 day that needs to be over come to go lower.. and ~1,1860 is still the key value pivot inside the band... Did not have much time to UD lately however I will update every thing tonight so you can have a look later.
Happy trades to you always.....

NY GG 17:20 GMT May 13, 2004 Reply   
sell euro for 20 pips tight 10 piup stop above current price

Miami OMIL (/;-> 17:15 GMT May 13, 2004 Reply   
That sounds good to me Islander hope you have a good time.

Normandy Nick 17:14 GMT May 13, 2004 Reply   
Nottingham 16:48 GMT May 13, 2004
Well, yeah, I know what you mean, but my system uses different levels of line based on a 50 ema. It's quiet reliable , in normal conditions of "temperature and pressure", but today, that wasn't the good approach to adopt; Too much nervosity. I went out the market before the datas anyway and it's too late to do a good strike now. I take a good note of your comments. GL/GT,

st. pete islander 17:09 GMT May 13, 2004 Reply   
Thanks, everyone .....

OMIL, a little closer to the boat today .... don't give too much back. gt

Chambery FR JFB 17:01 GMT May 13, 2004 Reply   
Forgot to mention... fwiw & imvho lol :-)

dc fxq 17:00 GMT May 13, 2004 Reply   
make that 1.1778 lol stupid me

Chambery FR JFB 17:00 GMT May 13, 2004 Reply   
Good evening all, za :-)

On the 30' MP, I have the POC currently in the 1.1820/35, looks like it's been visited again. On the hourly continuous MP, POC is @1.1903, with a barrier in the 1.1870/85 area, and a new POC is establishing in the 1.1825 zone. Looks like at the moment, 1.1770 is un unfair price and we may see a quiet move in the 1.1800/40 zone for the next couple hours. Am keeping shorts from 1.1907, stop lowered @1.1875. Happy trades :-)

dc fxq 16:59 GMT May 13, 2004 Reply   
sorry thats 1.173 not 8

dc fxq 16:58 GMT May 13, 2004 Reply   
1.178 here

Miami OMIL (/;-> 16:57 GMT May 13, 2004 Reply   
Islander hope you are doing well I have two you can compare from 1.1775 and 1.1770 for eur/usd pair.

quito_valdez at yahoo 16:57 GMT May 13, 2004 Reply   
Out of curiosity, look at the eur/usd 1hour/20 day chart. Note the classic "head and shoulders" formation we have just exited. That formation is the most dependable formation to indicate a trend change.
See:
THIS.

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

OK SZ 16:55 GMT May 13, 2004 Reply   
I have 1.1774

ny amc 16:55 GMT May 13, 2004 Reply   
just one of those days...........

st. pete islander 16:53 GMT May 13, 2004 Reply   
Just for fun ... Guys, what was the printed low eur/usd on your platform?
I was given 1.1769. thx

hk ab nzd 0.65 16:51 GMT May 13, 2004 Reply   
amc// sorry to see your dlr/chf stopped.

Nottingham 16:48 GMT May 13, 2004 Reply   
Normandy Nick, there are many ways to trade resistances/supports/levels etc. but I don't think following the breaks is always the most successful...in this particular case, the things to consider are that pair has managed to close (rollover) at or above the line for a good deal of time (and has reacted well to threats recently) and that the pair happens to have traded in a tight range during the past week...put into practice, earlier this week traders here have been using various preferred technical levels to work entries (250 day s/ema, fibos for 1790/2180, whatever happens to be close by and significant) with the view that prices will move back towards the line...these conditions won't last forever and eventually there will be a breakout, but until then you do what works is the general principle...gl gt

Miami OMIL (/;-> 16:46 GMT May 13, 2004 Reply   
TJ at this point all I can do is go were the market takes me. I will keep moving stops to protect profit and let the chips fall were they may lol. GT

NY GG 16:38 GMT May 13, 2004 Reply   
sell usd yen for 30 pips here nice R^R

GA TJ 16:37 GMT May 13, 2004 Reply   
Miami OMIL I think that EURUSD will need some UPS before it takes out the 1.1760-70 area. However I am so onfident in that scenario that I plan on doing nothing until/if 60-70 is taken. The hourly chart looks like it needs to reload but I am clueless as to how high it goes.

Oil man thanks for the interp on the posting. Makes sense now.

Miami OMIL (/;-> 16:32 GMT May 13, 2004 Reply   
Thanks for the comments Daimyo. I have the T/L at 1.1740-50 area that is why I will be moving stops around that area. I guess all charts are not created equal LOL. This will not be easy to get through so you are right this will open some doors for the bears at this time IMHO. GT

Stockholm za 16:29 GMT May 13, 2004 Reply   
Oakland Daimyo .. what is your time frame on your P&F.. ? .tia

quito_valdez at yahoo 16:24 GMT May 13, 2004 Reply   
Si, Oil Man, si amigo. FX is full of whipsaws and falsies (!). The other day was good news for USD, what did it do? Fall against all c'ncys. No prob, I stopped out on my short, limited out on my long. Dahhh :^}

UAE Oil man 16:24 GMT May 13, 2004 Reply   
Buy again near 1.2950-80

Miami OMIL (/;-> 16:23 GMT May 13, 2004 Reply   
Good to see some humor and not bad intentions in the FF for a change. I will be moving stops once more on this eur/usd intraday short. I will move stops again under 1.1750-60 we will see if it can take out the support at 1.1760 this time. GL GT

Oakland Daimyo 16:23 GMT May 13, 2004 Reply   
Repeat: Oakland Daimyo 01:35 GMT May 11, 2004
Miami OMIL and others, this is how I see it.
EUR/USD: Distribution (Markdown) cycle continues after brief correction (mean reversion). Letting techs unwind.
1.2037 61.8% Fibo of same move
1.1993 50% Fibo of same move
1.1959 28 session EMA
1.1949 38.2% Fibo retrace of <1.2180 - 1.1807 selloff>
1.1941 28 Day EMA & 14 session EMA
1.1901 Fractal Top
1.1869 Fractal Top
---------------------
1.1807 Fractal Bottom
1.1780 Major TL (4HR) Old Resis/New Support
1st 20 x 3 P&F Horizontal count target (done already)
This area is major support, if real money players do not defend this line, I will view
1.1756 Major Fractal Bottom as vulnerable. Any close below this level will surely bring
1.1500 Old channel line (never completed) back into focus.
1.1360 next 20 x3 Wyckoff Phase (markdown cycle) tgt
Please remember nothing moves in a straight line (non-linear dynamics) pullbacks to retracement zones and MA's should be used as setups for resumption of med-term view. GT

ny amc 16:22 GMT May 13, 2004 Reply   
oil man.........what do you think of usd/chf here?

UAE Oil man 16:19 GMT May 13, 2004 Reply   
Ever heard of false breaks and whipsaws..

quito_valdez at yahoo 16:15 GMT May 13, 2004 Reply   
gh beg//
Your question of why the USD is evaluating on bad news...the eur/usd pair is what I named "rogue" (as "cable" is usd/gbp). Someone below named it a "dog with fleas". Aptly put. I named eur/usd "rogue" because that pair will ALWAYS do the exact opposite of what it is supposed to do. Always. Put in your orders with stops and limits. Put in one order for a rise in the chart, put in the other for a fall in the chart. Then when something happens, the bad trade stops out automatically for a small loss, the good one limits out for a big gain. With me here? That way you play both sides of the chart and win. But what do I know?

Stockholm za 16:14 GMT May 13, 2004 Reply   
gh beg
The Q. is - [ who said/ why ] (that) - it was a bad data???

UAE Oil man 16:11 GMT May 13, 2004 Reply   
aha...Don't have that much time..25 days to expiracy..

hk ab nzd 0.65 16:09 GMT May 13, 2004 Reply   
oilman, might take 2 years or so... :) LOL.

UAE Oil man 16:09 GMT May 13, 2004 Reply   
Magic line 1.3280 from 1.82xx......we're close.

UAE Oil man 16:07 GMT May 13, 2004 Reply   
1.70

OK SZ 16:06 GMT May 13, 2004 Reply   
watch the 11760 here

hk ab nzd 0.65 16:05 GMT May 13, 2004 Reply   
oilman, if eur --> parity, chf -->?

OK SZ 16:04 GMT May 13, 2004 Reply   
I have a weekly support at 1.1778

UAE Oil man 16:03 GMT May 13, 2004 Reply   
It's a $ bull market...you'll be told when it s at parity..

gh beg 16:03 GMT May 13, 2004 Reply   
could anyone tell me why is the Dollar rising and yet it had a bad data?. plse

hk ab nzd 0.65 15:59 GMT May 13, 2004 Reply   
small short eur/jpy 134.88

ny amc 15:59 GMT May 13, 2004 Reply   
oil man.......pretty impressive trades lately.......congrats

UAE Oil man 15:56 GMT May 13, 2004 Reply   
out $CHF 1.3060..

+606.

Break time now..

surabaya GINTA 15:55 GMT May 13, 2004 Reply   
INA,
GOOD WEATHER HAH?

NY GG 15:54 GMT May 13, 2004 Reply   
sorry 1.1820

NY GG 15:53 GMT May 13, 2004 Reply   
a tight stop here will be good for 30 pips to 1.1920. good R^R

NY GG 15:51 GMT May 13, 2004 Reply   
the Euro "its a dog, a dog with fleas"

UAE Oil man 15:50 GMT May 13, 2004 Reply   
it means the ammos of the Miniature elephant (euro$ buyer) is running out...Now it s time for us..the $ bulls to whip his sinking boat..

new york star 15:49 GMT May 13, 2004 Reply   
where is the pit?

GA TJ 15:48 GMT May 13, 2004 Reply   
I have great respect for Oil man (and cat) postings when I can understand them. Could someone translate this into Southern Redneck speak please.

"UAE Oil man 15:30 GMT May 13, 2004
Well that Miniature elephant is loosing steam...won't be long before the rats escape the singing bot.."

Thanks. BTW I have been flat for the last 3-4 hours.

OK SZ 15:47 GMT May 13, 2004 Reply   
NO

new york star 15:45 GMT May 13, 2004 Reply   
is it time to pick the bottom of eur/usd?

OK SZ 15:45 GMT May 13, 2004 Reply   
keep an eye on the 11760 level

new york star 15:43 GMT May 13, 2004 Reply   
me too missed it

OK SZ 15:42 GMT May 13, 2004 Reply   
well did anyone catch this nice short? hope so..me of course I missed it..

new york star 15:40 GMT May 13, 2004 Reply   
hello room

surabaya GINTA 15:36 GMT May 13, 2004 Reply   
i'm here...
tina, r u there???

ny amc 15:35 GMT May 13, 2004 Reply   
shorting usd/chf at 1.3034 sl @ 1.3060 tar @ 1.30xx

hk ab nzd 0.65 15:34 GMT May 13, 2004 Reply   
oilman, that eur/chf thingy valid... :P

Begham cit 15:31 GMT May 13, 2004 Reply   
when is grean span speaking today

UAE Oil man 15:30 GMT May 13, 2004 Reply   
Well that Miniature elephant is loosing steam...won't be long before the rats escape the singing bot..

kpl nasdaq 15:30 GMT May 13, 2004 Reply   
am seeing Gbp rising back in 1.7750/ again 1.7800 by the end of this week. retailsales number has disapointed the market.

hk ab nzd 0.65 15:23 GMT May 13, 2004 Reply   
exited aud .6890 for day trade. 40 pips.

Normandy Nick 15:21 GMT May 13, 2004 Reply   
Nottingham 15:06 GMT May 13, 2004
Ok. So, what do you intend to do with this pair? you try a buy at 1.1863?

Normandy Nick 15:12 GMT May 13, 2004 Reply   
Montréal Taro 15:06 GMT May 13, 2004
well, I think it's called a " fan", look on the 5 minutes, gbp chart, it's a kind of arty work!!!! my chart is electric blue on black, that looks cool!

Montréal Taro 15:06 GMT May 13, 2004 Reply   
Normandy Nick, what is a "fan" ?

Nottingham 15:06 GMT May 13, 2004 Reply   
Normandy Nick, trendline at 1863...may inspire buyers...pair has managed to finish at/above this particular line for best part of a year...gl gt

Normandy Nick 15:02 GMT May 13, 2004 Reply   
euro gave a buy signal on 1 hour chart since it has opened this new hour above 1.1830. Usually, it's a good indication but in this choppy market this clue won't be enough to convince the buyers. Look on gbp 5 minutes chart, there is a nice fan!

OK SZ 14:50 GMT May 13, 2004 Reply   
amc, good times you had..

OMIL, are u around want to ask a question?

ny amc 14:24 GMT May 13, 2004 Reply   
ok.sz......i had season tickets to the cowboys from 96-01 and that is where we would stay

OK SZ 14:20 GMT May 13, 2004 Reply   
amc morning, yes we usually alternate between las calinas and hilton high country in san antonio each year..

ny amc 14:16 GMT May 13, 2004 Reply   
ok.sz...........4 seasons at las calinas......nice place

Gen dk 14:09 GMT May 13, 2004 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

OK SZ 14:09 GMT May 13, 2004 Reply   
on cnbc bob pasani just saying that the cash gas prices are higher that the futures price..meaning that demand is huge right now..ouch!

sgp sp 14:06 GMT May 13, 2004 Reply   
nottingham, thanks .....he is somewhat relieved to read ur views....then again...there is this CPI tomorrow....

good trades 2 u

OK SZ 14:05 GMT May 13, 2004 Reply   
ST, oh yes I had been there during one of those repatriations..that is why I backed off..so far looks like a tight range day..you have a good one..will be down at the 4 seasons in las calinas next month for some r&r.

houston st 14:00 GMT May 13, 2004 Reply   

OK SZ 13:47 GMT - as Oil Man said earlier, yen pairs are the No.1 account wipers..my first real experience w/ $/yen was in March, 2002 - during repatriation..yen strength spanked me good..go look @ a March 4, 2002 weekly chart and you will see what I mean..yen is a wild whore w/ a heart of cheap gold if you ask me..gl/gt.

sydney balmain 13:58 GMT May 13, 2004 Reply   
aussie largely smashed on jap news today.. with yen ticking up to 115 aussie cant rally. this looks like a little retracement for mom.

Nottingham 13:53 GMT May 13, 2004 Reply   
that should read "and a possible assault tomorrow"

Nottingham 13:49 GMT May 13, 2004 Reply   
sp, some traders accounts will have taken positions at levels near to the 6850/37 support zone with stops below 6830/35, I can tell you this as it would be no surprise...the said support is a pretty substantial one and ought to be good enough to spawn a rally of at least the relief nature...aussie lately tends to be quite polarised i.e. it tends to move up or down with strong underlying momentum rather than have prolonged periods of sideways movement...thus if 6850 holds out today and a possible assault, you would fancy a relief rally, but again we have some US data which may cloud the issue (CPI)...gl gt

OK SZ 13:47 GMT May 13, 2004 Reply   
ST, morning, yes I for one will have to start watching the usd/jpy more often..got burned by it a few times in the past though. glad to see someone doing well. gl, gt today

OK SZ 13:45 GMT May 13, 2004 Reply   
think that the euro to have any legs today it needs to push thru the 11870 level, personally do not see that happening..

houston st 13:45 GMT May 13, 2004 Reply   

Okie - I finally bit the bullet and bought some usd/jpy late yesterday, after range trading if for the past few sessions..I'm about to start taking some profit..still holding some eur/usd length from various levels and waiting for another assault on 1.20xx..hang in there..good luck/trades.

hk ab nzd 0.65 13:44 GMT May 13, 2004 Reply   
sell 2nd portion dlr/jpy 114.50 1/4 of the whole

UAE Oil man 13:44 GMT May 13, 2004 Reply   
That must be a miniature elephant when success is barely holding the price ..........................and it does look like it has leaks on the $YEN lol.

OK SZ 13:41 GMT May 13, 2004 Reply   
well I for one cannot wait for this range trading to end..I have been frustrated by many misses I have had and bad timing..everyone have a good day. gl gt

hk ab nzd 0.65 13:34 GMT May 13, 2004 Reply   
jf// yup, that eur/jpy was a 10 fig. move in a month.

hk ab nzd 0.65 13:33 GMT May 13, 2004 Reply   
elephant succeeds again likely tonight.

Mtl JP 13:28 GMT May 13, 2004 Reply   
15GMT: Fed Chairman Greenspan speaks on "Financial Literacy".
Unlikely to be relevant to spot

Normandy Nick 13:24 GMT May 13, 2004 Reply   
looks like the dollars sellers are losing the control but it still very explosive. Keep out. 200 feet at least!
I'll think about a short on usd/chf at 1.2970. Gold in buy mode now...

Lancaster dh 13:24 GMT May 13, 2004 Reply   
What time is Greenspan speaking and what is expected?

Rivonia PipPirate 13:19 GMT May 13, 2004 Reply   
Huh? AUD/Yen shows spike to 74.84 bout 20 min ago?

sgp sp 13:16 GMT May 13, 2004 Reply   
nottingham, another question pls.....do u see aud/usd sliding down past the 6800 anytime today or tomorrow....got a friend who longed from 6950 and pretty worried abt his position.

Thanks....

UAE Oil man 13:15 GMT May 13, 2004 Reply   
$yen next 116.75

sarasota jf 13:12 GMT May 13, 2004 Reply   
ab - i mean that gbp and gbpyen can move much more freely - usdyen theres good option interest at moment at 114.50 - it will take tokyo to move that- again imo

mex sjs 13:08 GMT May 13, 2004 Reply   
shorting usdchf here at 1.3010 stop at 1.3040.tgt=1.2920-40 area...GL & GT all

hk ab nzd 0.65 13:04 GMT May 13, 2004 Reply   
Kevin// thanks v. much. We should have another gathering soon in summer.

jf// yes, but looking at the dlr/jpy seems to me it's reluctant to be manipulated anymore above 115.

exporters wall?...hm.

Livingston nh 13:03 GMT May 13, 2004 Reply   
correction FWIW - April 2003 on PPI is out of the average - last year MAy 2003 had a negative .4% which will drop out of yearly average

I keep beating the inflation drum because I see it as THE major change

HK Kevin 13:01 GMT May 13, 2004 Reply   
aud/jpy 78.93/98

hk ab nzd 0.65 13:00 GMT May 13, 2004 Reply   
could someone give me a valid aud/jpy plz? many platforms are showing diff. stuff. TIA!

sarasota jf 12:54 GMT May 13, 2004 Reply   
ab i said it yesterday i say it again today - eurusd is a mess - making plenty of money for just a few - it will take a change of orders for a big move and i doubt that occurs until asia - ard this 54 level is some selling at the moment - if you are bullish you need to see that negated - if you are bearish you are better to play gbp and gbpyen alot less manipulation than eur or euryen (imo) - gl with it

saloniko 2004 nk 12:53 GMT May 13, 2004 Reply   
I guess Oil Man is Buying Euro"s frome the other side..LOL!!


nk*!*

hk ab nzd 0.65 12:48 GMT May 13, 2004 Reply   
Oh NoodyG, how are you?

LOOOOOOOOOOOONG time no see.... hehehe.

any fun (fund) with dlr/jpy your most favourite?

Livingston nh 12:46 GMT May 13, 2004 Reply   
Soothing words on inflation conflict with the reality of the PPI report - wait until next month when the big April 2003 drop is washed out of the reaview mirror

Spr NoodyG 12:46 GMT May 13, 2004 Reply   
Angus you are a legend

hk ab nzd 0.65 12:44 GMT May 13, 2004 Reply   
oilman, jf, any confid. in tackling elephant?

houston st 12:36 GMT May 13, 2004 Reply   

Feds say inflation in the production pipeline stayed mild last month despite strong economic growth, validating the Federal Reserve's view that it will not need to raise rates rapidly this year..well that was fun, now what? gl/gt.

Livingston nh 12:36 GMT May 13, 2004 Reply   
"The Producer Price Index for Finished Goods advanced 0.7 percent in April, seasonally adjusted, the Bureau of Labor Statistics of the U.S. Department of Labor reported today. This increase followed a 0.5-percent rise in March and a 0.1-percent gain in February. April prices for finished goods other than foods and energy went up 0.2 percent, the same rate of increase as in the previous month. " BLS

Sydney Angus 12:35 GMT May 13, 2004 Reply   
I covered my short Aussie dollar position from 0.7285 at 0.6870. I am AWESOME too!

NY Vas 12:35 GMT May 13, 2004 Reply   
is it strong for $ or not? anyone pls

ham cla 12:33 GMT May 13, 2004 Reply   
+13k to 331 k

PPI +0.7% ex food +0.2%

Chicago YM 12:33 GMT May 13, 2004 Reply   
humm

NYC Dale 12:32 GMT May 13, 2004 Reply   
What can I say Oil Man. You are AWESOME. I want to be you when I grow up!

UAE Oil man 12:29 GMT May 13, 2004 Reply   
Stops to even on $CHF 1.2960

Out of GBP$ 1.7790+1.7660=1.7646 =144+14=493
Out of $CAD +13

=506.

Only leaving $chf and watching.

Nottingham 12:27 GMT May 13, 2004 Reply   
Vilnius Phoenix 12:16 GMT

PPI is also due, I think that will draw much attention...gl gt

Nottingham 12:17 GMT May 13, 2004 Reply   
yup and the longer we sit, the further we go when it does break...and whilst we are on the subject of lunatics past and present, I will not be surprise if oil goes to $60...gl gt

hk ab nzd 0.65 12:17 GMT May 13, 2004 Reply   
moved my eur/chf long to b/e now at 1.5363

hk ab nzd 0.65 12:16 GMT May 13, 2004 Reply   
possible break fo aud/jpy cross watch out!
eyeing target 72-74

Vilnius Phoenix 12:16 GMT May 13, 2004 Reply   
It looks US retail sales latter today at 8:30 AM EST and US Initial Jobless Claims data will be key today. This week the data is expected at 321K.
Do you think recent move in USD up is just in line ?

UAE Oil man 12:14 GMT May 13, 2004 Reply   
we might be going into the same range if that 1.1750 doesnt break...then tommorrow we're back to the same point....Biting each other's tail for a break ...and nothing happens...however beware Range WILL Break (one way or the other.)

Chicago YM 12:14 GMT May 13, 2004 Reply   
Dallas GEP 12:08 GMT May 13, 2004

no expert here but since aussie has such a bearish sentiment right now, maybe that is the reason it continues to long, and until we reach some type of bottom on the aussie maybe it will continue.

Nottingham 12:13 GMT May 13, 2004 Reply   
Oilman, you are picking top while the other guy picking bottom...both are said to be hazardous to your health...depends on your perspective...gl gt

UAE Oil man 12:11 GMT May 13, 2004 Reply   
Dallas GEP 12:08 GMT May 13, 2004

GEP, Once 1.6980 was taken little sense in looking for a top in this one....YOu might be better off longing it.

UAE Oil man 12:11 GMT May 13, 2004 Reply   
Livingston nh 12:06 GMT May 13, 2004

Yes I do remember EU zorro (GB Vienna , Dollarbasher) and so forth....one of the crazed traders who think a "strong" currency = world domination or something similar.

Nottingham 12:09 GMT May 13, 2004 Reply   
gep...wait for 1.73 then have another look...gl gt

Dallas GEP 12:08 GMT May 13, 2004 Reply   
OK guys. This eur/aud SHOULD short like a there was no tommorow but it simply ISN'T. Charts confirm the short potential yet STILL it longs.

Any other views would be appreciated. THNAKS

Livingston nh 12:06 GMT May 13, 2004 Reply   
Oilman - at .83 EUR there was EU Zorro (perma EUR Bull) who also was saying to buy all the way down (he was like a BoJ in reverse) - he is now acquiring "cheap" EURs I believe from recent posts

UAE Oil man 12:06 GMT May 13, 2004 Reply   
Yes and you see how he finished, tsk tsk....That should be a lesson for all the bottom pickers out there :)

saloniko 2004 nk 12:06 GMT May 13, 2004 Reply   
OIL Man..

Hope the force be with u ....;)


nk

Nottingham 12:04 GMT May 13, 2004 Reply   
Oilman, Saddam told us at 86!

UAE Oil man 12:03 GMT May 13, 2004 Reply   
And the next move in $YEN 116=>120=>124=>135=>146.
Not 80 ....


saloniko 2004 nk 12:03 GMT May 13, 2004 Reply   
OIL Man...

wait 1.35 to sell then if u dont like to Buy Euro around and USD/CHF around 1.20-1.15 to Buy,,

12-05-200*4*
BY
nk

Rivonia PipPirate 11:59 GMT May 13, 2004 Reply   
Newcastle GH 11:26 LOL. Money laundering is an offence.

UAE Oil man 11:55 GMT May 13, 2004 Reply   
NK,
Yes offcourse time does help with the hindsights...however it doesnt give the positions lol...I guess the 1.29 move will be explained by famous analysts and gurus if we ever get to parity as the "overshoot" (like they explained .8300 at 1.15 as an undershoot..)..offcourse no one said to buy at .8300..


Meanwhile market moves on...Mark my simple words under ;)


UAE Oil man 10:40 GMT January 6, 2003
First 1.075x ˆ
Then 1.0450
Then 1.16+
1.12
1.26
the coccoon is ready to mature!
-------------
December 31 2003 :
Sell EURO$ 1.25-1.35 (use options if u have too) target .9550..(before .6500 in 2 years.)

Ciao happy new year .

saloniko 2004 nk 11:54 GMT May 13, 2004 Reply   
OIL..

That was after 1995-1996..


nk

Gen dk 11:52 GMT May 13, 2004 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

UAE Oil man 11:49 GMT May 13, 2004 Reply   
saloniko 2004 nk 11:37 GMT May 13, 2004

Yes offcourse, still no holy grails here...however trends come and go , and i remember well what happened @1.19 in 1998-1999 with the europhoria..

Gen dk 11:49 GMT May 13, 2004 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Stockholm za 11:47 GMT May 13, 2004 Reply   
I love it -I love it !!
fwiw ......EUR/USD is over value by 62%
Now you guys can start re-calculating without knowing MY reference point..
Happy trades to you all …

melbourne farmacia 11:41 GMT May 13, 2004 Reply   
Howard will be happy he's not in government by the time Aussie hits 57.

Gen dk 11:40 GMT May 13, 2004 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

saloniko 2004 nk 11:37 GMT May 13, 2004 Reply   
UAE Oil man 11:30 GMT May 13, 2004

The answer is only Time;)



nk

nyc fxdh 11:36 GMT May 13, 2004 Reply   
Tweezer top forming on daily candlesicks for $/cad ???

GVI john 11:35 GMT May 13, 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/$ 1.1825…$/yen 114.30
DJIA -32 pts… 10-yr 4.82%, +2 bp
PERSONAL OPINIONS:
For a broad range of opening levels click on GVI’s “Market Tracker”:
CLICK HERE
We still feel that the performance of U.S. equity markets will be key to how the dollar performs in the months ahead. Stock analysts are taking yesterday’s short-covering rally in all the key indices as a signal that a local bottom has been found and that stocks have gotten seriously oversold. We don’t try to forecast stock prices, but a contrarian indicator might be that it seems as though everyone has been bearish on stocks. A strong performance by equities would help the dollar.

Today sees a slew of key data reports from the U.S. with Weekly Jobless Claims, the PPI and Retail Sales figures due at 12:30 GMT. These are all key indicators to watch. The street envisions a rebound Weekly Jobless data back to trend of 325,000 in the week after 315,000 in the week prior. Retail Sales are seen giving back abut half of the +1.7% March gain and the April PPI is seen rising +0.3% in the month. The markets increasingly will be focused on the performance of prices. Today’s reports and the CPI on Friday could set the tone of the markets for the next month.

Some comfort in Europe was taken from the +0.4% in 1Q04 German GDP, although by now that data is getting a bit long in the tooth. The thought is that this report will tend to reinforce the view that ECB policy will remain on a steady course of no rate changes for the time being. This is probably a neutral to slightly positive development for the euro.

On the other hand, Japanese core private-sector machinery orders, a key gauge of trends in capital spending, were down 3.2 percent in March in contrast to expectations for a rise of +0.6%. This news saw the Nikkei tumble 328 points to 10,825 on fresh worries about the impact of a slowdown in the Chinese economy on Japan. Some predict that capital spending in GDP data will be sharply lower in the 1Q04 quarter. This is bad news for the yen as foreign investors had piled into Japanese equities in the past year in expectation that Japan would be one of the chief beneficiaries of a global economic recovery. If the $/yen recovery gathers steam, there is a risk that the Ministry of Finance via the BOJ will start to unload some of its excess dollar reserves. Our best guess is that this would not start until above the 115.00 level.

In Australia, the Aussie$ continues to trade inversely with its U.S. counterpart. The markets ignored a much stronger than expected April jobs report. Jobs increased by 56,200 in the month. An increase of 10,000 had been expected and the unemployment rate was kept unchanged at 5.6%. Analysts say recent trends in the employment data suggest that the central bank might have to start to reconsider its steady monetary policy in coming months. These data should have been positive for the Aussie$, but the influence of concerns about Fed policy on commodity prices have been the dominant influence on gold and the commodity currencies in recent sessions.

CALENDAR
BOC Monetary Policy Review
12:30 GMT- US- Weekly Jobless Claims
12:30 GMT- US- Apr Retail Sales: vs. +1.8%, +1.7% ex-autos , see 0.0%, -0.1%
12:30 GMT- US- Apr PPI: vs. +0.5%, +0.2%, see +0.4%, +0.1%

FRIDAY, May 14, 2004
06:00 GMT- GER- Apr final CPI: vs. preliminary +0.3%, +1.6% y/y
10:00 GMT- EUR- 1Q04 preliminary GDP: vs. +0.3%, +0.6% y/y in 4Q03
12:30 GMT- CDA- March Manufacturing Shipments
12:30 GMT- US- April CPI: vs. +0.5%, +0.4% ex-F&E March, see +0.3%, +0.3%
13:15 GMT- US- Apr Industrial Production: vs. -0.2% in Mar, see +0.3%
13:15 GMT- US- Apr Capacity Utilization: vs. 75.5% in Mar, see 76.7
13:45 GMT-US- Mid-May University of Michigan Consumer Sentiment: vs. 94.2

Singapore Sfx 11:34 GMT May 13, 2004 Reply   
hahahahahahahahahahahh - nice one sydney !

Gold Coast martin 11:34 GMT May 13, 2004 Reply   
DUBLIN FLIP...rest assured we are using the same calculator...unless you are using an irish one...called 10 fingers!!..just a joke to break the forex day....good trades friend...

sydney balmain 11:33 GMT May 13, 2004 Reply   
the aussie is undervalued 28 pips at the mom. shud be trading at .6898

Nottingham 11:31 GMT May 13, 2004 Reply   
think the confusion was in the wording, as 28% overvaluation doesn't mean a 28% fall is required

UAE Oil man 11:30 GMT May 13, 2004 Reply   
saloniko 2004 nk 11:21 GMT May 13, 2004

It's a bull market...but i guess people waiting for .9500 E$ to say so..

hong kong nt 11:28 GMT May 13, 2004 Reply   
athens pythagoras 11:20 -- if sthg is overvalued by 100%, fair value = 0 ?

UAE Oil man 11:28 GMT May 13, 2004 Reply   
Dublin Flip..

they need to turn the calculator look on the back of it and see Made in Australia perhaps ;)

Dublin Flip 11:27 GMT May 13, 2004 Reply   
I'm not sure what calculator you guys are using but
80c * 72% = 57.60 or a 28% devaluation.

Newcastle GH 11:26 GMT May 13, 2004 Reply   
Rivonia PipPirate,
If that happened in Australia the people would be better off as the notes are plastic and could be washed and used again!

UAE Oil man 11:23 GMT May 13, 2004 Reply   
out EurGBP 6717-6700 +17 (335)

Left open $cad 1.39

GBP$ 1.7790+1.7660

$chf 1.2960

Dublin Flip 11:22 GMT May 13, 2004 Reply   
I wonder what te RBA's definition of "excess volatilty" is???
A lazy 11% devaluation in five weeks. I thought 65/69 might be time to start thinning some of that 77/80c dollar reserve windfall a tad but obviously no information on that count. I kinda figure they might see a 28% devaluation (to 57c) over two quarters might be seen as a little price excessive considering they sweated on ozzie retaking 65c for six years.

saloniko 2004 nk 11:21 GMT May 13, 2004 Reply   
Goood Morning..

Oil Man what about this 1.17..and the USD/CHF elephant @ 1.31*!*


nk*!*

athens pythagoras 11:20 GMT May 13, 2004 Reply   
lads.....if the AUD was over valued by 30 pct at .80, then fair value is .56

Gold Coast martin 11:18 GMT May 13, 2004 Reply   
NT..iN SIMPLE TERMS WHAT I MEANT IS .80-.224(been 28% of .80) =.576...It is part of my own system equation that i use to determine overvaluation..after all technical s and fundamentals ....

Rivonia PipPirate 11:16 GMT May 13, 2004 Reply   
Dublin Flip 11:05 Ouch. But speaking under correction, I hear that in Zimbabwe the building industry uses tp as a substitute for expensive imported sandpaper, so the transformation might no be too painful for the locals.:-}

Bloemfontein SA new bie 11:12 GMT May 13, 2004 Reply   
UAE Oil man

Thank you for your comment still need alot of learning

hong kong nt 11:07 GMT May 13, 2004 Reply   
Gold Coast martin 11:03 -- 0.80/1.42 = 0.563, ie do you mean a over valuation of 42% at 0.8000?

Nottingham 11:07 GMT May 13, 2004 Reply   
sp, no probs

sgp sp 11:06 GMT May 13, 2004 Reply   
nottingham....thank u for ur reply. As usual, an informative one.

hong kong nt 11:05 GMT May 13, 2004 Reply   
Gold Coast martin 11:03 -- still inconsistent, 0.80/1.28 = 0.625 not 0.56-0.57...

Dublin Flip 11:05 GMT May 13, 2004 Reply   
Thanks vm Pip
I'll make it a priorty to keep that paper money around the house for emergencies. I suppose the evolution of legal tender from paper to synthetic reusable plastic may ultimately reduce the demand of cheap currency for more ablutionary purposes -LOL

Gold Coast martin 11:03 GMT May 13, 2004 Reply   
nt....the range of 56-57 is correct ,28% is correct..the post i refer to was made when dollar hit a high of 80...not 78....good trades...

Rivonia PipPirate 11:00 GMT May 13, 2004 Reply   
Dublin Flip 10:30 In Zimbabwe(inflation = 600%), a roll of toilet papaer costs Z$1000, a toilet roll has 72 sheets(ave), thus using their notes (Z$10) in lieu of tp, means a saving of Z$280 per roll.:-0

hong kong nt 10:59 GMT May 13, 2004 Reply   
Gold Coast martin 10:55 -- .78 / 1.28 = 0.609...

Nottingham 10:58 GMT May 13, 2004 Reply   
sgp sp 10:37 GMT

doomsday low before a 250/300 pip bounce is 6240/50 but I'm bound to say that I don't expect that (even though bond spreads seem to at this moment in time), rather I have calculated it as a possibility...while we are still some way away, it's worth concentrating on levels closer to hand, which would be 6850/6837, 6800/6780, 6680/85....all of which could offer a bounce to 7000 (in the case of the latter support, the 6680/85, the 7000 would then be bang on the first retracement level)...gl gt

Gold Coast martin 10:55 GMT May 13, 2004 Reply   
Right now is a good time to post the medium to long term scenario for the aud....In reference to previous posts i claimed that the aud was 28% overvalued when it was .78 ...Well a simple equation should give you the medium to long term fate of the AUD..AUD down to 56-57 range in 95 days...I will post daily ,weekly targets on aud as we go...g/l g/t

Bloemfontein SA new bie 10:52 GMT May 13, 2004 Reply   
CT DB

Will ask Jay thank you

sydney fg 10:44 GMT May 13, 2004 Reply   
Bloemfontein SA new bie 10:38 GMT May 13, 2004
Sydney fg

HI will you please go to the help forum I what to ask about the forum

sure mate.

CT DB 10:43 GMT May 13, 2004 Reply   
Polokwane SA & Bloemfontein SA new bie
Hey guys, as a fellow south african, perhaps i could be of help. ask jay for my mail and we can set up a messenger chat.

UAE Oil man 10:43 GMT May 13, 2004 Reply   
Bloemfontein SA new bie 10:38 GMT May 13, 2004

Get wipped or humbled 2-3 times and you'll start sticking to general methodology.

Bloemfontein SA new bie 10:43 GMT May 13, 2004 Reply   
Polokwane sa

Will do so

Dublin Flip 10:42 GMT May 13, 2004 Reply   
I'll take your word for it Oily.
be lucky

Helsinki iw 10:41 GMT May 13, 2004 Reply   
Don´t forget the Middle East; the GWB freedom and democracy tour must include the implemention of toilet paper use as well? You might be on to something here:

Polokwane SA 10:40 GMT May 13, 2004 Reply   
Bloemfontein SA new bie 10:31 gmt
Seems we have the same problem. If you get solution
please pass on. GL/GT

ln 10:40 GMT May 13, 2004 Reply   
when i was in asia a few years back they tend to use water and not toilet paper which is very western. it is seen as more hygienic there but in the west it take too long for the hot water to come through to wash our backsides so think we better stick to the paper. toilet conversations are always interesting but back to fx now.

Bloemfontein SA new bie 10:38 GMT May 13, 2004 Reply   
Sydney fg

HI will you please go to the help forum I what to ask about the forum

sgp sp 10:37 GMT May 13, 2004 Reply   
Hi nottingham,

Though I may not post much, but I always read your posts with great interest. Extremely informative and impartial.
May I ask what r your thoughts on aud/usd if the panic selling does ensues, what levels would a bad case scenario lands it?

Thanks, gl & gt 2 u

UAE Oil man 10:35 GMT May 13, 2004 Reply   
Dublin Flip 10:30 GMT May 13, 2004

Actually Toilet paper might be a great investment for the future, if the asians become toilet paper user, 2 billions untapped toilet paper user....LOL.

sydney fg 10:35 GMT May 13, 2004 Reply   
tried making your bets smaller?

Bloemfontein SA new bie 10:31 GMT May 13, 2004 Reply   
Can anybody give me advise on how to train yourself to maitain dissipline and stick to your system

Dublin Flip 10:30 GMT May 13, 2004 Reply   
Oil man toilet paper has been around for a long time too but it doesn't make a great investment - LOL

ln 10:30 GMT May 13, 2004 Reply   
Jkt diablo 10:28 GMT. pips are getting risky and you need very deep pockets and large s/l in order to make a few bucks. i am staying out until things get a little more liquid.

ln 10:28 GMT May 13, 2004 Reply   
Brisbne L 10:20 GMT. SAMA made the comments in an interview on reuters.

UB GG 10:28 GMT May 13, 2004 Reply   
Hong Kong Qindex - Hi, What's your one month view on USDJPY side pls? Any chance through 110.00? tks for kind reply, Have a nice trade.

Jkt diablo 10:28 GMT May 13, 2004 Reply   
Do you agree that the market's getting crazy and unpredictable now? Or is it only me pulling my hair out? :D

I've been trying to recover my losses from my short GBP/USD position but the movement drives me crazy. Anyone that can share your thoughts? Is there a good chance that it will break 1.7600 or it's going back to 1.7700?

UAE Oil man 10:24 GMT May 13, 2004 Reply   
For all we know the "euro experience" might be finished in a few years time...While Dollar has proven itself for decades.

UAE Oil man 10:22 GMT May 13, 2004 Reply   
Yep who would want euros when one can have dollars.

Porto PJT 10:21 GMT May 13, 2004 Reply   
Aud, 6732+6685 levels that can hold this aud but i will try another long around here stop there.

Vilnius george 10:21 GMT May 13, 2004 Reply   
prague mark 10:16
at 12:30 gmt gl

Brisbne L 10:20 GMT May 13, 2004 Reply   
EUR/USD slides session low, traders say newswire report quoting Saudi Arabian Monetary Agency vice central bank governor Al-Jasser preferring USD over EUR as main reserve currency triggered the move. SAMA unavailable to comment

prague mark 10:16 GMT May 13, 2004 Reply   
is US data at 13.30 GMT - TIA

Hong Kong Qindex 10:15 GMT May 13, 2004 Reply   
USD/JPY : Current Comment.  Register with [email protected] if you have no access to my page.

Hong Kong Qindex 10:15 GMT May 13, 2004 Reply   
AUD/USD : Current Comment.  Register with [email protected] if you have no access to my page.

Nottingham 10:15 GMT May 13, 2004 Reply   
Recent aussie move may seem dramatic but back in Sept 01, the last major, sustained decline (on a daily basis) aussie was o/s for 5 continuous days and fell 6.67% from the high of the first day...a similar move would see 6836 as a low for today...gl gt

Gold Coast martin 10:13 GMT May 13, 2004 Reply   
sydney balmain...thanks....good trades to all...

sydney balmain 10:12 GMT May 13, 2004 Reply   
we havent even seen US data yet... if subdued could be be like rubber band. but hats of to goldcoast you have called this a long time ago.

sydney balmain 10:10 GMT May 13, 2004 Reply   
1.5 cents normally can contain an aussie range for a global trading day. anthing extra is over shooting.

HK Byron 10:09 GMT May 13, 2004 Reply   
nt, wish u right! gl, gt

Gen dk 10:08 GMT May 13, 2004 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Nottingham 10:07 GMT May 13, 2004 Reply   
with nt on that one...that particular level marks the convergence on a few different indicators/projections and ought to provide a daily bounce at the very least...caveat here would be continued carry unwinding and if below that level then panic selling would possibly ensue...gl gt

hong kong nt 10:05 GMT May 13, 2004 Reply   
AUD/USD 0.685 may hold for rest of this week...

Miami OMIL (/;-> 10:03 GMT May 13, 2004 Reply   
Moving my stops to protect profit on the intraday short position for the eur/usd at this point. Next support should be 1.1790 and 1.1760 IMHO. GL GT

Gold Coast martin 09:59 GMT May 13, 2004 Reply   
AUD TO 68...NZD TO 59...EURO down to 116...g/l g/t

LondonJoe 09:59 GMT May 13, 2004 Reply   
.6860 low in aud so far

IST Sez 09:57 GMT May 13, 2004 Reply   
"Eur still not competitive reserve currency" Saudi

Singapore FISH 09:56 GMT May 13, 2004 Reply   
Hi Guys. Whats the low in AUD this round?

Helsinki iw 09:56 GMT May 13, 2004 Reply   
Thanks viies, much appreciated.

HEL 09:56 GMT May 13, 2004 Reply   
EURNOK 8.17 50/70

Tallinn viies 09:54 GMT May 13, 2004 Reply   
helsinki
EBS 8,1755 /8,1770

perth Rick 09:51 GMT May 13, 2004 Reply   
Buying aud/usd at .6875 gl to me!!

Helsinki iw 09:48 GMT May 13, 2004 Reply   
Experiencing some computer probs here. Could anyone post
a good level of EUR/NOK please. Thank you.

Normandy Nick 09:44 GMT May 13, 2004 Reply   
new low on gold and aud/usd. I had to close half my position on gbp/usd but now it's back in sell mode to get 176....today will be a crazy one I'm sure! be very carefull. I'll try to recover my losses and exit the market before the datas....GL/GT

Gen dk 09:39 GMT May 13, 2004 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Vilnius 09:38 GMT May 13, 2004 Reply   
Nottingham 09:30 GMT May 13, 2004

thanks



Vilnius george 09:28 GMT May 13, 2004

yeah, right :P

Nottingham Daniel 09:38 GMT May 13, 2004 Reply   
A budget surplus for the month of April? The Treasury Department's monthly budget statement had April income outpacing spending by US$17.62 billion.

Now that's well below April 2003's US$51.06 billion surplus. And considering the government has incurred an accumulated deficit of US$281.85 billion in the first seven months of the budget year, it looks almost puny.

But the Congressional Budget Office claims that the decline in
the April 2004 surplus was related to calendar differences that
placed benefits and refund payments in April rather than May.

Analysts now peg the actual budget deficit for the year closer
to US$400 billion than the Administration's projected US$521
billion. With revenues running US$30-40 billion higher than
anticipated, this might indeed come to pass.

We'll be curious to see what effect a reduction of the projected budget deficit will have on the dollar... and US Treasuries!

Source: J. Christoph Amberger

Gen dk 09:32 GMT May 13, 2004 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Nottingham 09:30 GMT May 13, 2004 Reply   
Vilnius, Japan would be an obvious one but the UK would be hurt considerably given the British Governments inability to deal with strikes/protests as shown by last fuel +fire demos, where a prolonged repeat would see the country driven to a standstill (not purely literally)...gl gt

Vilnius george 09:28 GMT May 13, 2004 Reply   
Vilnius 09:24 GMT
Lithuanian people , cos Mazeikiu nafta is monopolist lol

Gold Coast martin 09:27 GMT May 13, 2004 Reply   
keep selling those yards AB!!LOL

Vilnius 09:24 GMT May 13, 2004 Reply   
Which countries are hurt most by rising oil prices?

Gen dk 09:24 GMT May 13, 2004 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

sydney fg 09:16 GMT May 13, 2004 Reply   
did u sell a couple of yards ab!

hong kong nt 09:14 GMT May 13, 2004 Reply   
AB -- on AUD daily chart, i see a pattern of 350-450 pips drop followed by some 150-250 pips rebound, not sure if this time will be an exception. imho...

hk ab nz 0.65 in 3 months 09:07 GMT May 13, 2004 Reply   
short aud .6920 1/2 lot.

Nottingham Daniel 09:04 GMT May 13, 2004 Reply   
LONDON (Reuters) - The Bank of England has prepared the ground for faster rises in interest rates with a hawkish assessment of the outlook for inflation.

Gen dk 08:57 GMT May 13, 2004 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Gen dk 08:52 GMT May 13, 2004 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Gen dk 08:49 GMT May 13, 2004 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Ldn 08:48 GMT May 13, 2004 Reply   
A large 1.7700 plain-vanilla option rolls off at today's NY cut 14:00gmt

Ldn 08:46 GMT May 13, 2004 Reply   
UAE Oil man Dlr/Zar what level do you see and time frame tks

hk ab nz 0.65 in 3 months 08:42 GMT May 13, 2004 Reply   
but I wonder if SNB official would like to see the old range back.

hk ab nz 0.65 in 3 months 08:40 GMT May 13, 2004 Reply   
oilman, maybe.

But my personal view is the main trend of eur and chf will follow the direction of eur/chf inversely.

Anyway, during consolidation, it maybe different.

JHB SA 08:29 GMT May 13, 2004 Reply   
Oilman. Yes moved recently to Cape Town & been out of mkt 4 a while. Yes still short ZAR, in a few forms.GL GT.

UAE Oil man 08:26 GMT May 13, 2004 Reply   
Hi JHB SA, Long time no see you...

Hope you still long $ZAR big move still to come ;)

Nottingham 08:25 GMT May 13, 2004 Reply   
ab, with key data out later today it's likely that we have seen dollar topside ahead of those releases...gl gt

UAE Oil man 08:25 GMT May 13, 2004 Reply   
Again if no bounce 1.5280-1.5360 seen...this opens gateways to 1.44 Eurchf.

JHB SA 08:24 GMT May 13, 2004 Reply   
Yebo from SA. Short eur/usd 1.1915....should I take profit.I think maybe we could see 1.1950 again,,,, or should I keep the short & sell again....is the trend for eur/usd down? TIA.
Been out of this market for a while & a bit rusty.GL GT.

UAE Oil man 08:22 GMT May 13, 2004 Reply   
Ab, when Euro$ was at parity eurochf was at 1.40-1.50,

so if euro$ is to be going down the Eurochf will also be going down..Thus i m surprised you relate the "real trend of the $" to down cause eurochf is dropping.

hk ab nz 0.65 in 3 months 08:12 GMT May 13, 2004 Reply   
dunno. real trend of USD down?

Nottingham Daniel 08:12 GMT May 13, 2004 Reply   
Good Morning All

It seems that gold is going down and so is the DJIA Futures -

Sofia NYK 08:07 GMT May 13, 2004 Reply   
ab nz// why the chf is so strong vs the euro?

hk ab nz 0.65 in 3 months 08:03 GMT May 13, 2004 Reply   
small long eur/chf 1.5363.

hk ab nz 0.65 in 3 months 07:53 GMT May 13, 2004 Reply   
chf is horribly strong and think it's have all the crosses lain on it now.

perrie como 07:45 GMT May 13, 2004 Reply   
daimyo....that one was funny

Oakland Daimyo 07:43 GMT May 13, 2004 Reply   
Note: Med-term to me is measured in days, not weeks or months.

perrie como 07:42 GMT May 13, 2004 Reply   
this monsonic wheater still holding me on gardening be4 my so long awaited vacation....
still following such complex markets, but from a neutral point of view...
seen some interesting postings about asian currencies + aud....

It seems to me the Japanese govt. is going to fight with inflation soon, guess they will be capable to manage It as after some 25 years of deflation most top managers will have to completly change mind.....for now they just adding more monetary base into the system, but the domestic liquidity is already poor and soon they too might have to stop buy US dollar dominated assets as China has already from couple of months now..

well that's all
have a nice day am going to see some cultural matters, such markets are to stormy for small fishes as I am

Oakland Daimyo 07:42 GMT May 13, 2004 Reply   
Ok--Just ran charts and this is how I see it for the time being (intraday/ rest of week)--

AUD/USD:
0.7083 28 Session EMA
0.7023 Fractal Top
0.7004 28 Day EMA & 14 Session EMA
0.6957 14 Day SMA
0.6936 Fractal Bottom (Old Support/New Resis)
0.6916 Fractal Bottom (Old Support/New Resis)
--------------------------------------------------------
0.6903 Fractal Bottom
0.6840 Old Down Channel TL (4HR)
0.6800 20 x 3 Med-term Tgt
0.6730 Old Down Channel TL (4HR Major support)
0.6620 Next 20 x 3 Med-term Tgt (Don't think we will reach this round)
0.

Dallas GEP 07:35 GMT May 13, 2004 Reply   
Olivier, THANKS for the GREAT post!!!!

Gold Coast martin 07:35 GMT May 13, 2004 Reply   
RUSSKI technology at its worst.....

Moskow 07:31 GMT May 13, 2004 Reply   
if you are looking for a reliable history data for trading system verification and precise technical analysis visit
this
it is one of the trustworthiest & effective forex quotes history for intraday trading over net.
Intraday data are presented since 1997.

china qq 07:30 GMT May 13, 2004 Reply   
1.7620 out , 70pips in pocket, nice day..

Nottingham 07:21 GMT May 13, 2004 Reply   
euro...key levels...1863(trendline)...1833(ma)

MONACO OGA 07:11 GMT May 13, 2004 Reply   
FX UPDATE 13/05
Good morning,

***EUR***
EUR/USD (currently 1,1860), 10 pips lower than Wednesday's opening. Yesterday the market tried the upsides on the back of a widening US trade deficit (high 1,1933) before ending the day around 1,1900. Overnight the US currency regained some strenght against the EUR despite some better german GDP Q1 data (+0.4%). For today 1,1810-15 seems to be providing support so far while 1,1920-30 is looking offered. The stock market is still encountering some selling pressure fuelled by rising oil prices, beginning of a US rate hike cycle, and a slowdown of economic growth in China likely to impact on western economies outlook. Critical support still lies at 1,1760. As long as this level remains intact, we can still call it range trading. Like yesterday, we favour a neutral stance with a bullish bias. Short term resistance at 1,1970.

Data out today:

US PPI April expected 0.3% 12.30 GMT
US core PPI April expected 0.2% 12.30 GMT
US advance retail sales April expected -0.2% 12.30 GMT
US initial jobless claims expected 325K 12.30 GMT

Gold at 376,00, with WTI June lower at 40.28 despite Saoudi's production hike statement

***JPY***
USD/JPY (114,00). The pair resumed its upwards pace overnight after a pause yesterday (retracement to 112.50) and retested its 8 months high at 114,15. Japanese stocks tumbled again overnight, with worse than expected machine orders data.
EUR/JPY currently 135.20, alomst touched 136 overnight, The cross looks to be forming a base around 133.50, we still believe the market is toppish up there.


***GBP***
Cable (currently 1,7625), GBP looks to challenge 1,7540 again. Selling pressure appearing between 1,7750-1,7800. Overall we are neutral, but a test of 1,7450 zone looks more probable than ever.
EUR/GBP (0,6730) consolidating above 0,6715-20 pivotal point. We still favour some long positions and a retest of recent highs.
Have a nice day,

Olivier

sydney balmain 07:09 GMT May 13, 2004 Reply   
every1 is looking for dwnside breaks euro/gbp/aud etc.. be careful

china qq 07:05 GMT May 13, 2004 Reply   
HEE.nice cable, my target down.1.7620...however, locking its profite,and expecting deeper.. next target 1.7580

Normandy Nick 07:04 GMT May 13, 2004 Reply   
interim support for pound at 1.7608, if it breaks clearly, would be a good sign to get 1.7566

hk ab nz 0.65 in 3 months 07:02 GMT May 13, 2004 Reply   
eur/jpy is painting a big contracting triangle in weekly, this north run could be eyeing 138-139 before next big and swift moving down.

Belgrade Knez 06:54 GMT May 13, 2004 Reply   
Chiasso Fiore 06:47 GMT May 13, 2004

highest 0.7005

Gold Coast martin 06:53 GMT May 13, 2004 Reply   
DG swiss...i certainly do think it is but as i dont trade it i dont do lots of research on it.....g/l if you trade it..it is an opportunity short to medium term...

Belgrade Knez 06:53 GMT May 13, 2004 Reply   
C:Program FilesMetaTraderexpertsindicators

I have highest 0.7005

sydney fg 06:53 GMT May 13, 2004 Reply   
Chiasso Fiore 06:47 GMT May 13, 2004
Can anyone tell me please what was the high AUD/US$ overnight ????
.7000

Swiss DG 06:49 GMT May 13, 2004 Reply   
Gold Coast martin ,
Good morning, don't you think that eur/aud is a good short to come?

Chiasso Fiore 06:47 GMT May 13, 2004 Reply   
Can anyone tell me please what was the high AUD/US$ overnight ????

Gold Coast martin 06:42 GMT May 13, 2004 Reply   
WATCH for a 45 point drop in the nzd/usd in the next 60 minutes....

hk ab nz 0.65 in 3 months 06:41 GMT May 13, 2004 Reply   
bc// Thanks! It's always highly appreciated.

Ldn 06:40 GMT May 13, 2004 Reply   
Euro views on rebound before trying lower ? tks

Normandy Nick 06:39 GMT May 13, 2004 Reply   
euro weakness confirmation at 1.1838, a good sign of a strong dollar would be the gold at 375.4 bid but it has already given a primitive sell signal

Normandy Nick 06:32 GMT May 13, 2004 Reply   
MSC eqwis 06:27 GMT May 13, 2004
I release the ballast above the 50 ema on the 5 min chart( it's around (1.7690 now) entire stop above 1.77 ( the 50 ema on 1 hour chart)

UAE Oil man 06:31 GMT May 13, 2004 Reply   
Short eurGBP 6717

MSC eqwis 06:27 GMT May 13, 2004 Reply   
Normandy Nick 06:23 GMT
What is your stop.pls?

Normandy Nick 06:23 GMT May 13, 2004 Reply   
hello everyone,
pound gave a sign to go to 1.76, confirmation at 1.7726 bid
euro shows more weakness on the 5 minutes chart but chf doesn't show more strengh on that time scale. Nonetheless, euro--->1.1830 chf ---->1.2990
short on pound at 1.7650

UAE Oil man 06:19 GMT May 13, 2004 Reply   
a close under .6880 is a potential trend change...(for those who think .8000 to .6800 drop was a spike.)..and more liquidation will follow.

Hong Kong Qindex 06:18 GMT May 13, 2004 Reply   
Hong Kong Qindex 17:44 GMT May 12, 2004
Spot Gold : The market is going to consolidate between 376.2 - 379.4 in Asia session. If the projected supporting point at 373 fails to hold, the next targeting point is 366.6.

Oakland Daimyo 06:15 GMT May 13, 2004 Reply   
bc--I agree w/ you about overshoot. Not adding until firmly under 0.6900, need 45 mins to decide. Hearing talk of numerous stops below 0.6900 (specs), I think they will bail if pressured. Many got excited about the 0.7000 above (head fake). GT

Oakland Daimyo 06:08 GMT May 13, 2004 Reply   
Adding

UAE Oil man 06:07 GMT May 13, 2004 Reply   
Bought $CHF 1.2960

Brisbane L 06:06 GMT May 13, 2004 Reply   
BC thanks for that

UAE Oil man 06:04 GMT May 13, 2004 Reply   
Added 1.7659 to Existing 1.7790 GBP$ shorts.
$CAD 1.39 still in .
GL.

Miami OMIL (/;-> 06:04 GMT May 13, 2004 Reply   
Hello everyone some useful comments here at the FF thanks to all that contribute. FWIW an intraday sell signal for eur/usd coming up after the support 1.1860-70 is taken out IMHO. GL GT

shanghai bc 06:04 GMT May 13, 2004 Reply   

L -- I guess Aud/Usd is overshooting to the downside..It may overshoot as far as .67-68 region..But I think anything below .70 is a good value for medium-term players..Imho..Good trades..

Oakland Daimyo 05:51 GMT May 13, 2004 Reply   
Powerful Fractal Setup: AUD/USD sell signal under 0.6936 (bid) stop over 0.7025 1st target 0.6800 Expect pause around 0.6846 Note target is "stop, look ,and, listen point only, willing to hold for next tgt. Under 0.6900 and it's lights out for spec accounts who got lured in this week. I will post key levels later. Looking to add under 0.6900

Brisbane L 05:51 GMT May 13, 2004 Reply   
shanghai bc hi , what is the base you think the aud will end at many thanks

shanghai bc 05:50 GMT May 13, 2004 Reply   

AB -- Basically forex world is selling Asian currencies and buying Euroland currencies..They treat Aud as Asian currencies as well..This is still the market of crosses..In other words,Eur/Usd's downside is rather limited while Asian currencies,Aud and Yen, are under heavy pressure from all fronts..The main reason must be China slowing down story..This trend may last for some more weeks..Good trades..

hk ab nz 0.65 in 3 months 05:44 GMT May 13, 2004 Reply   
For the twin deficit issues, I think it's fair to say one main cause of the GAP is the high oil price which widen the deficit against UAE countries. And one should bear in mind this bubble is just as exaggerated and comparable to the nasdog bubble few years ago, GL.

Gold Coast martin 05:43 GMT May 13, 2004 Reply   
Australian based jap company just balanced its portfolio by selling aud......all part of the japanese asset repatriation from australia.....part of the medium term jig saw puzzle that has pre-determined the aud downward buas to 68...more of these deals will happen over the next few days...g/l g/t

Brisbane L 05:41 GMT May 13, 2004 Reply   
Aussie seems to be the proxy to the fall in the Nikkei down
300 pts talk of Asian and US funds selling option barrier however 69 support for now.
But dont think for long heading for 68 Martins level today

hk ab nz 0.65 in 3 months 05:33 GMT May 13, 2004 Reply   
bc// may I have your view on aud plz?

hk ab nz 0.65 in 3 months 05:32 GMT May 13, 2004 Reply   
something crack the aud..... jap exporters?

UAE Oil man 05:20 GMT May 13, 2004 Reply   
well the $yen is ultra bullish, I don't see it fall in a meaningfull way before 116 is reached, so for the GBPJPY (which is pulled by $YEN being a total forex underweight the gbpjpy), over 202.70 all short bets are off...Next target 208 then 216..
Supports 197.56
195.50
193.25 (under that all long bets are off).

You might be lucky if the GBPJPY does not break past 202.70(which could happen as the moment i m writting the GBP$ is trying a new move down) however caution is always to be taken trading the YEN PAIRS as they are No 1 account wipers..as they range for a period of time and people forget how they can trend for LONG periods without ANY meaninfull retracements.
GL.

nyc sa 04:45 GMT May 13, 2004 Reply   
oil man, do u have a target for gbp/yen medium ,short and long term? I shorted this pair too early ,is there any hope for retracement ? Qindex says the odds are for lower , and mentioned a target of 1.9157, yet it keeps going up ,quite scary this advance ,how high can it go ? thnx.

UAE Oil man 04:23 GMT May 13, 2004 Reply   
And once 10666 breaks 11080..Then road is open for the herd to bring it for you to 13000 :)

UAE Oil man 04:19 GMT May 13, 2004 Reply   
DJ buy stops under low(9840 but let's say 9780) target 10250=>10660
GL.

Jkt Diablo 04:11 GMT May 13, 2004 Reply   
Hi guys,

I'd like to know what online forex broker are you using? Which one is the best?

I'm currently with censored and considering to switch if there's a much better alternative. Thanks!

UAE Oil man 04:08 GMT May 13, 2004 Reply   
However it does look pretty hard for everything against the $ , when the mastodonte and famous $yen is making it's way up...

UAE Oil man 04:07 GMT May 13, 2004 Reply   
Good morning St pete, If it does break it next short points 1.2092 and 1.2145..

UAE Oil man 04:05 GMT May 13, 2004 Reply   
If the GBP$ doesn't bounce on that 1.73-1.70 area..it will make one of it's "GBP Patented summer-sault dive" to 1.55

UAE Oil man 03:57 GMT May 13, 2004 Reply   
1.8060<=1.7960<=1.7810<=1.7670=>1.7550=>1.7420=>1.7330=>1.7017 (forgot the last one in the previous post.)

---
Looks like Aud$ is not forming it's last chance of a "bottom" before the drop is too steep and long liquidations will drag it more down,on a side note i m still looking for .6500 since january...and only 25 days to go.

st. pete islander 03:55 GMT May 13, 2004 Reply   
Good morning, Oil man. Didn't get that paper today .... 1.1940 won't be easy to break, so maybe one more bump up to be sure and down from there. gt

OK SZ 03:50 GMT May 13, 2004 Reply   
Oil man, yes I have a feeling the euro is going to take a mighty plunge today..looking for a good selling opportunity..gl, gt

UAE Oil man 03:48 GMT May 13, 2004 Reply   
Morning,

Looks like a great day coming for the $ :)

UAE Oil man 03:45 GMT May 13, 2004 Reply   
1.8060<=1.7960<=1.7810<=1.7670=>1.7550=>1.7420=>1.7330

montreal gear66 03:45 GMT May 13, 2004 Reply   
well i was looking for 1.7730 at least....

Montréal Taro 03:44 GMT May 13, 2004 Reply   
gear66, what is your target ?

montreal gear66 03:38 GMT May 13, 2004 Reply   
hello ...i picked a gbp/us @1.7698long...any advice?....would be great got burnt to many times by this beast...hehe

china qq 02:56 GMT May 13, 2004 Reply   
hi..moring..veryone.. anyone short cable @1.7690 target for 1.7620?

Brisbane L 02:55 GMT May 13, 2004 Reply   
The value of commercial building work in New Zealand will grow by over 8% in the 12 months ending March 2005 driven by new office blocks, hotels and retail complexes, according to forecasts released Thursday.
Rider Hunt, an international construction industry consultant, said that it expects the value of nonresidential building work to rise 8.2% in the year ending March 2005.
"This is consistent with the present robust growth in the value of consents," Rider Hunt said.
Growth in the value of nonresidential building work is forecast to slow to about 3.0% in the 12 months ended March 2006 and then rebound to 4.5% in the following year.

New Zealand Institute of Economic Research Inc

sydney fg 02:25 GMT May 13, 2004 Reply   
th - not entirely sure what you mean, but in any case I'm talking for this morning's session. Everything pointed to a test of the hrly support T/L imho. Anyway - next!

Lahore RK 02:22 GMT May 13, 2004 Reply   
OK SZ
Thanx for the help

GL/GT

Ltn th 02:17 GMT May 13, 2004 Reply   
fg// If you have been following local news you would have seen some big ticket items going down in euro and USD. The people who control these purse strings have always struck me as twits. Be patient. There are much bigger items to push it the other way coming up.

sydney fg 02:06 GMT May 13, 2004 Reply   
kicking myself for not puking some out at the figure. If it can't rally on that data, it can't rally at all!

Gen dk 02:00 GMT May 13, 2004 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Brisbane L 01:59 GMT May 13, 2004 Reply   
Interesting view here .. be careful about going long !!

Lehman Brothers says it continues to believe commodity prices at or near apex and there're increasing downside risks for AUD; cites several factors such as growing expectations RBA will be on hold rest of year, continued reversal in base metal prices, signs Chinese officials serious about reining in local investment in materials sector. As such, it is staying short AUD/CAD, AUD/NZD.
Reuters.

sydney fg 01:52 GMT May 13, 2004 Reply   
Chicago YM 01:42 GMT May 13, 2004
Australia Employment up 56200

thks YM.

Brisbane L 01:50 GMT May 13, 2004 Reply   
Looks like market view Interest rates wont move even on good Employment Data -housing the key.

Porto PJT 01:50 GMT May 13, 2004 Reply   
rumour about Osaka airport

OK SZ 01:48 GMT May 13, 2004 Reply   
Rye, I should have known that, thanks appreciate your help..btw I might be headed up your way in august..sylvan beach ( oneida lake)

Porto PJT 01:47 GMT May 13, 2004 Reply   
thank you , Sfx.

Singapore Sfx 01:46 GMT May 13, 2004 Reply   
0.6965 aud traded low interbank - fwiw.

Rye, NY et 01:44 GMT May 13, 2004 Reply   
OK SZ 01:42 GMT May 13, 2004
Help Forum.
Don't worry. After a few years, you won't miss it. I don't.

wisconsin tim 01:43 GMT May 13, 2004 Reply   
porto i do show a low @ 6963 w/i last 50 mins

sry man

Chicago YM 01:43 GMT May 13, 2004 Reply   
hf = help forum?

OK SZ 01:43 GMT May 13, 2004 Reply   
Rye, ok I gotcha..I haven't been in awhile but am thinking about getting in..thanks for the heads up

OK SZ 01:42 GMT May 13, 2004 Reply   
Rye, btw, what is the hf? my brain not functioning well:)

Chicago YM 01:42 GMT May 13, 2004 Reply   
Australia Employment up 56200

Rye, NY et 01:40 GMT May 13, 2004 Reply   
SZ............
Good here...Mrs. et out driving the US economy...
Very tricky market now...
Flat is always profitable...
( I just wanted to alert you to a good short setup in July Meal, if you're still in that market)...

Porto PJT 01:40 GMT May 13, 2004 Reply   
thanks tim & et.I am feeling robbed.

Porto PJT 01:37 GMT May 13, 2004 Reply   
i was stopped on aud longs at 59 bid, anyone have this level?

Rye, NY et 01:37 GMT May 13, 2004 Reply   
Porto PJT 01:34 GMT May 13, 2004

.6966 on the platform I have open



wisconsin tim 01:35 GMT May 13, 2004 Reply   
6967

Jakarta FOX 01:35 GMT May 13, 2004 Reply   
Like 2 C EUR/JPY 2 reach 136 in the next few hour ...

Porto PJT 01:34 GMT May 13, 2004 Reply   
Please give me the low on aud last 15 min.tia

sydney fg 01:31 GMT May 13, 2004 Reply   
anyone see the aus employ figs pls?

OK SZ 01:29 GMT May 13, 2004 Reply   
Rye, how are you this fine evening? hope your having a good week. me I am off a bit hoping to catch the next 2 days pretty good..

Rye, NY et 01:21 GMT May 13, 2004 Reply   
OK SZ 01:16 GMT May 13, 2004
Hey, SZ...
If you're still trading the Bean Complex, come over to the HF...

OK SZ 01:16 GMT May 13, 2004 Reply   
Martin, so if I remember your still seeing euro at 116.50 thursday?

CAIRO AG 01:07 GMT May 13, 2004 Reply   
Martin// Thanks for the reply anyways... i will look at it now.
Have a nice trading day/week/month & YEAR...lol?

You deserve it.

GL & GT

Ga Lee 01:04 GMT May 13, 2004 Reply   
interesting link et..thank you..

Singapore Sfx 01:03 GMT May 13, 2004 Reply   
Thanks .

Dallas GEP 01:01 GMT May 13, 2004 Reply   
MISEED EURO/GBP long by 2 dammm pips!!!! Sorry guys I will use better initials to avoid confusion.

Rye, NY et 00:59 GMT May 13, 2004 Reply   
Singapore Sfx 00:39 GMT May 13, 2004

Your platform is correct. Gep is using his own personal nomenclature to represent the exchange rates he is trading. For the standard list of ISO Codes and the document that created themGo Here

GL/GT

Gold Coast martin 00:59 GMT May 13, 2004 Reply   
CAIRO..ag...sorry for late reply...read my post of 3 -4 days ago about AUD,EURO AND NZD..it is still valid as my timeframe ends thursday this week...g/l g/t

Dallas GEP 00:58 GMT May 13, 2004 Reply   
Got EUR/JPY short now from 134.87

hk revdax 00:49 GMT May 13, 2004 Reply   
Anyone could give me a downside target of $/CHF today? TIA

Montréal Taro 00:46 GMT May 13, 2004 Reply   
I forgot Beast

Montréal Taro 00:45 GMT May 13, 2004 Reply   
Sfx
People call the pound =

Pound so P
Gbp so G
Cable

it is all meaning the pound. Dallas meant EUR/GBP and GBP/USD
he could write it EUR/POUND and POUND/USD as well

Ldn 00:42 GMT May 13, 2004 Reply   
'p' = pound = GBP= cable = beast

CAIRO AG 00:41 GMT May 13, 2004 Reply   
"P" stands for POUND... lol... BUT on the plaform, u will always find it as GBPUSD.... THE SAME..!!!

Singapore Sfx 00:39 GMT May 13, 2004 Reply   
Thanks AG - I sort of understand now ..

But I dont understand the difference between "P for Gbp" and "G for Gbp" ..somehow my platform a bit different ... but i'll live with that mystery .. thanks again .

QC WC 00:36 GMT May 13, 2004 Reply   
Cairo, I call it FRIEND :=)

CAIRO AG 00:33 GMT May 13, 2004 Reply   
SFX// If u STILL dont... than lets REPEAT:

1- G/USD====> is GBP$ ( i think u know this one )... means Sterling against the $.

2- E/Y======> is EuroYen.... means Euro against Yen.

3- E/P======> is EuroGBP thats the cross which you will find on your platform same as the others... Euro against GBP.

BTW, GBP$ is also called CABLE and some times when it does move in a bad manner its called BEAST....lol ??!!

GL & GT

Singapore Sfx 00:25 GMT May 13, 2004 Reply   
Thanks all - didnt understand the difference ...still don't..

QC WC 00:24 GMT May 13, 2004 Reply   
Qindex, are you still negative on GBP? If so, how high (possible) could GBP reach before down again? Same question to Euro. TIA

CAIRO AG 00:18 GMT May 13, 2004 Reply   
EP====> EurGbp

Montréal Taro 00:16 GMT May 13, 2004 Reply   
P = Pound
G = GBP

QC WC 00:16 GMT May 13, 2004 Reply   
Cable

Singapore Sfx 00:11 GMT May 13, 2004 Reply   
Gep - whats "P" and whats "G" pls ?

Dallas GEP 00:03 GMT May 13, 2004 Reply   
OK these orders are waiting:

E/P long from .6713
E/Y short from 134.95
G/USD short from 1.7785

 




Actionable trading levels delivered LIVE to YOUR charts

GVI Trading. Potential Price Risk Scale
AA: Major, A: High, B: Medium

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
A 12:30 US- Weekly Jobless
Fri 31 Mar 2019
AA 10:00 EZ- Flash HICP
A 12:30 US- Personal Income, Spending, Deflator
AA 14:00 US- Final Univ of Michigan


Global-View Affiliate Program

We are starting an affiliate program to market some of our products.

Send me an email if you would be interested or if you know someone who would like to be an affiliate. Generous commissions payout for those accepted.

Put the word "affiliate" in the email subject line.

Contact us

Start trading with forex broker Markets Cube




pic

Retail Forex Brokerage Changing!

Are you looking for your first broker or do you need of a new one? There are more critical things to consider than you might have thought.

We were trading long before there were online brokers. Global-View has been directly involved with the industry since its infancy. We've seen everything and are up-to-data with recent regulatory changes.

Our Best Brokers listing section includes:Forex Broker Reviews, Forex Broker Directory, Forex Broker Comparisons and advice on How to Choose a Forex Broker

If would like guidance, advice, or have any concerns at all ASK US. We are here to help you.

SEE Our Best Brokers List

Currency Trading Tools

  • Live rates, currency news, fx charts. 

  • Research reports and currency forecasts.

  • Foreign Exchange database and history.

  • Weekly economic calendar.

Directory of  Forex trading tools

 
Terms of Use    Disclaimer    Privacy Policy    Contact    Site Map


Forex Forum
Forex Trading Forum
Forex Forum + forex rates
Forex Forum Archives
Forex Forum RSS
Free Registration

Trading Forums
Currency Forum Guide
Forum Directory
Open Forum
Futures Forum
Political Forum
Forex Brokers
Compare Forex Brokers
Forex Broker News
Forex Broker Hotline

Online Forex Trading
Forex Trading Tools
Currency Trading Tools
Forex Database
FX Chart Points
Risk/Carry Trade Chart Points
Economic Calendar
Quicklinks to Economic Data
Currency Futures Swaps
Fibonacci Calculator
Currency Futures Calculator

Forex Education
Forex Learning Center
FX Trading Basics Course
Forex Trading Course
Forex Trading Handbook

Forex Analysis
Forex Forecasts
Interest Rate Forecasts
Central Bank Forecasts

FX Charts and Quotes
Live FX Rates
Live Global Market Quotes
Live Forex Charts
US Dollar Index Chart
Global Chart Gallery
Daily Market Tracker
Forex News
Forex Blog
Forex News
Forex Blog Archives
Forex News RSS
Forex Services
Forex Products
GVI Forex
Free Trials
FX Bookstore
Managed Forex Accounts
FX Jobs and Careers
Jobs USA
Jobs UK
Jobs Canada

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.

 

WARNING: FOREIGN EXCHANGE TRADING AND INVESTMENT IN DERIVATIVES CAN BE VERY SPECULATIVE AND MAY RESULT IN LOSSES AS WELL AS PROFITS. FOREIGN EXCHANGE AND DERIVATIVES TRADING IS NOT SUITABLE FOR MANY MEMBERS OF THE PUBLIC AND ONLY RISK CAPITAL SHOULD BE APPLIED. THE WEBSITE DOES NOT TAKE INTO ACCOUNT SPECIAL INVESTMENT GOALS, THE FINANCIAL SITUATION OR SPECIFIC REQUIREMENTS OF INDIVIDUAL USERS. YOU SHOULD CAREFULLY CONSIDER YOUR FINANCIAL SITUATION AND CONSULT YOUR FINANCIAL ADVISORS AS TO THE SUITABILITY TO YOUR SITUATION PRIOR TO MAKING ANY INVESTMENT OR ENTERING INTO ANY TRANSACTIONS.

By using this website, you are agreeing to our Privacy Policy and Terms of Use, and Cookie Policy

Copyright ©1996-2019 Global-View. All Rights Reserved.
Hosting and Development by Blue 105

?>