Forex Forum Archive for 05/26/2004

CAIRO AG 23:45 GMT May 26, 2004 Reply   
Thanks NICK... have a good trading day...

GL & GT

Normandy Nick 23:41 GMT May 26, 2004 Reply   
CAIRO AG 23:31 GMT May 26, 2004
I can't tell you where will be in the next few days but for me if 1.3735 bid prints, then 1.3770 is my target. Ok, ok, the dollar has lost its mojo but a retracement is likely to happen. It also depend on the us datas and many others things that prevent me to make forecasts beyond 1 day.

Calabash TarHeel 23:36 GMT May 26, 2004 Reply   
hk ab .59-->.65 nzd in 3 months

Wondering if you have any opinions on the $/Cad?

Tia, gl,gt

Normandy Nick 23:34 GMT May 26, 2004 Reply   
CAIRO AG 23:31 GMT May 26, 2004
I don't know, I haven't trade the cad since ages but let me check the chart;

Normandy Nick 23:33 GMT May 26, 2004 Reply   
My system is confirming the retracement
euro should open below 1.2119, chf above 1.2730, pound below 1.8127 to clearly confrim a dollar strike back. There is a dodji on the daily chart for those three majors. We all know then, that the probability of a retracement with this kind of configuration is maiximum. Tomorrow there is an important statistic for the pound (Consumer Confidence). Only a good surprise could inverse the bias given by this dodji.

CAIRO AG 23:31 GMT May 26, 2004 Reply   
NICK// If u re arround, do think we will see 1.3850 or more again in $CAD in the next few days???

Thanks

GL & GT

Cairo Amgad 23:18 GMT May 26, 2004 Reply   
Hello everyone,
Eur/$

I see market close at same close price of yesterday 1.2105.
So i think we will have the same senario,
First, a move down to 1.2095 (bid)
then move up to 1.2130 (bid)
and return back to 1.2095 (bid)
close at 1.2105 (bid) Unless key support at 1.2095 is broken.
That is a selling signal.
I see no buying signal in near term.

I favor short EUR/$ at 1.2115-1.2130 target 1.2095 and then 1.2014 S/L 1.255
Your comments are appretiated. GL/GT

Dublin CK 23:18 GMT May 26, 2004 Reply   
Porto PJT 21:07 GMT May 26, 2004

Congrats, good game, nice goals, great team. Lets see if Portugal can win the Eurochampionship in 3 weeks time.

Tokyo Jon 23:08 GMT May 26, 2004 Reply   
Those that are long eurusd, I am expecting a pullback today(with 83% probability), to atleast 1.2066, and then high probability to reach further back to 1.2000'ish and has a 50% chance of being printed today. We will stil be limited at 1.2200, which is indicating rangebound trade.

Tokyo Jon 23:02 GMT May 26, 2004 Reply   
hi ya all, just done the update, I hope you all had a good day yesterday. it was good. gl and gt

Ldn 22:54 GMT May 26, 2004 Reply   
EUR 1.2145(lge) this option expired Wednesday in NY session 14gmt.

OK SZ 22:53 GMT May 26, 2004 Reply   
sorry I do not but am checking and will post when I find out

CAIRO AG 22:51 GMT May 26, 2004 Reply   
OK SZ// Any idea on expiration date of that option??? thanks

GL & GT

OK SZ 22:49 GMT May 26, 2004 Reply   
there is an option barrier at 2150 on euro which should cap that..

hk ab .59-->.65 nzd in 3 months 22:42 GMT May 26, 2004 Reply   
bc//gd morning.
for those m/t longs under 1.2, what target should we set for the T/P?
And yen almost retraced to 110 line, should we still do the same m/t move to long dlr/jpy under 110?
Thanks very very much.

GVI john 21:15 GMT May 26, 2004 Reply   
This report is posted twice daily on GVI. For information on how you can access GVI, contact [email protected]
STRATEGY SESSION —Far East Open
eur/$ 1.2110…$/yen 111.95
DJIA 10,110, -8 pts NASDAQ 1,976, +12 pts
10-yr 4.73%, -4 bp’s
PERSONAL OPINIONS:
For a broad range of opening levels click on “GVI’s Market Tracker”:
CLICK HERE


Full text on GVI

Porto PJT 21:07 GMT May 26, 2004 Reply   
Porto ,Champion

Normandy Nick 21:01 GMT May 26, 2004 Reply   
It's a bit premature to sell the pound as I should wait for an opening below 1.8125 to short it but it looks obvious we are gone for a retracement since 1.82 has been rejected by 60 pips and we are below a level that has been bravely protected for serveral hours. Short at 1.8140 for 1.8065.

Gen dk 20:44 GMT May 26, 2004 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Montréal Taro 20:36 GMT May 26, 2004 Reply   
USA Biscuit Boy 16:41 GMT May 26, 2004
"My instincts are telling me to buy dollars for a short term retracement so I am selling them"

I like the way you think mate

Calabash TarHeel 20:25 GMT May 26, 2004 Reply   
USA Biscuit Boy 16:41 GMT May 26, 2004
My instincts are telling me to buy dollars for a short term retracement so I am selling them

My Kind of Trader. Been selling dollars for the past week.
Mind if I ask what section of this country you live in?

gl,gt

CAIRO AG 20:03 GMT May 26, 2004 Reply   
Irish// Sorry friend... my broker's platform places the ask quote....

GL & GT

Chicago Irish 19:51 GMT May 26, 2004 Reply   
AG Low was 77

CAIRO AG 19:38 GMT May 26, 2004 Reply   
Low EURO was 1.2080.

GL

Bandung Q'kie 19:36 GMT May 26, 2004 Reply   
I believe GBP will close under 1.8100 to day, and tomorow will be lower and lowers for 2 days.

Indonesia Solo Raden Mas 19:35 GMT May 26, 2004 Reply   
gbp/usd near term i think we must ready meet 1.8095. Maybe this view can help you.

OK SZ 19:29 GMT May 26, 2004 Reply   
ok thanks

athens kos44 19:26 GMT May 26, 2004 Reply   
OK SZ 19:15 GMT May 26, 2004
Sorry it was the daily price

athens kos44 19:23 GMT May 26, 2004 Reply   
OK SZ 19:15 GMT May 26, 2004
If you mean the eurusd was 1.2077

Bandung Q'kie 19:22 GMT May 26, 2004 Reply   
Now price are going down !!!

Bandung Dewan 19:18 GMT May 26, 2004 Reply   
I total agree after you said several days ago that GBP will get 1.8185 area as the top. and now i have met get level. I believe that ( your view )

OK SZ 19:15 GMT May 26, 2004 Reply   
can someone place the low (bid) for the euro please

Indonesia Solo Raden Mas 18:48 GMT May 26, 2004 Reply   
Bandung Dewan !!
if you are on the opposite with me..i think you must be ready give your monry to me. start from now.
be carefull now is the nice timing in my range time emotion indicator (on the selling emotion time range).
once again sorry for my unfunny joke because your money is yours and decicion is yours. Just my humble opinion.

Indonesia Solo Raden Mas 18:43 GMT May 26, 2004 Reply   
Bandung Dewan 16:08 GMT May 26, 2004
hallo friend !!
sorry for my late reply...just wake up from my sleep and control price.
yes I agree !! don't hesitate for action.
or if you choose buy possie, please buy more and give your money to my possition today or tomorrow.!!
sorry..for my unfunny joke.

Toronto sj 18:22 GMT May 26, 2004 Reply   
OK SZ 18:11 GMT May 26, 2004
well I do not see the euro breaking below the 80 level at all the rest of this week..will see what the end of day looks like and decide from there..

That sounds agood idea.

houston st 18:17 GMT May 26, 2004 Reply   

quote of the day: "He who rides the tiger can never dismount."

houston st 18:17 GMT May 26, 2004 Reply   

UAE Oil man 18:12 GMT May 26, 2004--thanks for the reply..yes, slow cookin' is the best..problem is I'm always ready for the dessert! much luck & profits today.

UAE Oil man 18:12 GMT May 26, 2004 Reply   
houston st 18:07 GMT May 26, 2004

I'm still bullish on every pairs against the $..And still hope for a few weekly bars going my way.
so far not only a weekly bar gone and market screaming for euro$ down...so i m pretty "happy" about this trend devellopping..Healthy and "slowly slowly".

GL.

OK SZ 18:11 GMT May 26, 2004 Reply   
well I do not see the euro breaking below the 80 level at all the rest of this week..will see what the end of day looks like and decide from there..

prague viktor 18:10 GMT May 26, 2004 Reply   
oil man:thanks ..G/T G/L

Global-View GVI 18:08 GMT May 26, 2004 Reply   
GVI 18:06 GMT May 26, 2004
Ashcroft:

Warned that Al-Qaida is almost ready to attack the US and said it wants to hit the US "hard." Cites credible intelligence for the terror wanring.

houston st 18:07 GMT May 26, 2004 Reply   

Oily--any new thoughts for eur/usd pair today? tia.
gt.

houston st 18:04 GMT May 26, 2004 Reply   

NY DR 17:10 GMT -- needs to get back over May 5 high of 1.2178, if not it will most likely remain in this current range..don't expect too much for the remainder of the week unless a "surprise" jerks this pair out of it's slumber..good luck.

UAE Oil man 18:00 GMT May 26, 2004 Reply   
prague viktor 17:16 GMT May 26, 2004

I don't trade that.

prague viktor 17:16 GMT May 26, 2004 Reply   
Oil man:good evning,do u deal with the Eur/CZK,and in case yeas how do u see it from this level 31,7 its going to the 30,8 ..?

NY DR 17:10 GMT May 26, 2004 Reply   
EUR/USD: If 1.2177/80 is not broken where can it go?

USA Biscuit Boy 17:05 GMT May 26, 2004 Reply   
Eur/usd: 1.1780 -> 1.1930 -> 1.2080 -> 1.2200?? ->1.2400??

Bottoms do keep moving up.

USA Biscuit Boy 16:41 GMT May 26, 2004 Reply   
My instincts are telling me to buy dollars for a short term retracement so I am selling them!!!

Ina mr.co'z 16:32 GMT May 26, 2004 Reply   
guangzhou lolo 15:54 GMT May 26, 2004
ya..I also hope that level ,and see in my intraday chart , possibility cable will pursue the support at 1.8050...imo ! gl !

Miami OMIL (/;-> 16:27 GMT May 26, 2004 Reply   
FWIW I have a midterm buy signal for eur/usd around the 1.2060 area with stop around the 1.1900 area first limit at 1.2380 and eventually 1.2460. I don’t think we will see the top (1.2140-50 62% fibo) taken out anytime soon today. A retracement is needed for a healthy bullish run IMHO. Like Oil Man says good trend slowly, slowly LOL. GL GT

UAE oil man 16:22 GMT May 26, 2004 Reply   
E$ fell from 1,29-1,17....everyone looked to buy..market bottoms goes up....everyone scrambles to short...good healthy trend on the way...

USA Biscuit Boy 16:18 GMT May 26, 2004 Reply   
It looks to me dollar bears want another go at the topside. Just a gut feeling not based on indicators. Selling dollars again here.

Bandung Dewan 16:08 GMT May 26, 2004 Reply   
Raden, are u still here?
May I add my position to sell more gbp/usd and eur/usd? I see the ray of light!!!

Tokyo Jon 16:03 GMT May 26, 2004 Reply   
just heading off now, just to recap this morning post
Wednesday 26, May 2004

GBPUSD (1.8130)
67% Probability of a upward move,
look to see at least 1.8172/1.8198 to cap the uptrend
and a low of 1.8057 to form a base support.
Probable Sub Range 1.8198 - 1.8099

gl and gt

guangzhou lolo 15:54 GMT May 26, 2004 Reply   
co's, i don't know if we can see, it's a short term trading, after all, i prefer to buy cable at a lower level for longer term trading. gl.

Ina mr.co'z 15:45 GMT May 26, 2004 Reply   
Nice target lolo ..! gl..

guangzhou lolo 15:41 GMT May 26, 2004 Reply   
zq, target 1.7920 and 1.7850, tight stop, 1.8230. gl

hk ab .59-->.65 nzd in 3 months 15:37 GMT May 26, 2004 Reply   
should be "mini" not "min".

hk ab .59-->.65 nzd in 3 months 15:37 GMT May 26, 2004 Reply   
farmacia, is today some special min-trend day? TIA

hk ab .59-->.65 nzd in 3 months 15:35 GMT May 26, 2004 Reply   
was sth out about crude?

guangzhou lolo 15:35 GMT May 26, 2004 Reply   
zq, i think gbp/usd is on up trend, short cable at 1.8187 as a short term position only because refer to weekly chart 20ma, and daisy chart 100ma, i also hold heavy eur long position for a longer trading. gl

Guangzhou zq 15:24 GMT May 26, 2004 Reply   
LoLo, what is the possie nad the target
TIA

Guangzhou zq 15:24 GMT May 26, 2004 Reply   
LoLo, what is the possie nad the target
TIA

guangzhou lolo 15:17 GMT May 26, 2004 Reply   
also sold gbp/usd, and will buy back under 1.79. gl.

mex sjs 15:15 GMT May 26, 2004 Reply   
could someone please tell me where I can find info. regarding projection eurusd for 2005-2006, TIA

houston st 15:13 GMT May 26, 2004 Reply   

KL Adam 15:10 GMT - if I knew that I would be the next Soros, but my guess is the existing ranges we've already seen.
gl/gt.

Zaporozhye, UA Nemo 15:12 GMT May 26, 2004 Reply   
alimin

Bears take profit - bulls open longs lol!

houston st 15:11 GMT May 26, 2004 Reply   

hk ab .59-->.65 nzd in 3 months 15:02 GMT - do a google search; plenty there. gl.

hk ab .59-->.65 nzd in 3 months 15:10 GMT May 26, 2004 Reply   
add eur/gbp .6666.

KL Adam 15:10 GMT May 26, 2004 Reply   
houston st : ranging how many points?

houston st 15:08 GMT May 26, 2004 Reply   

usd/yen fixing completed..back to range trading.

OK SZ 15:08 GMT May 26, 2004 Reply   
well with everyone waiting for the 80 level to fall the market says not so fast..should fall soon though..

Indonesia Solo Raden Mas 15:06 GMT May 26, 2004 Reply   
ok. my sell possie will be hold until show 1.7865 for gbp/usd
hope nice sleep now.
see you later friends !! GL/GT !!

Sydney alimin 15:06 GMT May 26, 2004 Reply   
this could just be some profit taking by usd bears guys, be careful

hk ab .59-->.65 nzd in 3 months 15:02 GMT May 26, 2004 Reply   
anyone got MSCI reweighting news/data?

Indonesia Solo Raden Mas 15:01 GMT May 26, 2004 Reply   
gbp/usd.
look 4 hours candle..engulfing bearish.

ny amc 15:00 GMT May 26, 2004 Reply   
1st time trading eur/jpy.......very odd pair

Zaporozhye, UA Nemo 15:00 GMT May 26, 2004 Reply   
Watch the gold, guys... IMHO 388 must fall

Toronto sj 14:59 GMT May 26, 2004 Reply   
Looks like EUR/USD getting heavy. If 1.2080 break, 1.2050-60 will be the next stop. Don't know if still have chance to see 1.1950. I wish.

USA Biscuit Boy 14:57 GMT May 26, 2004 Reply   
We must also remember Friday is month's end so plenty of choppy trading ahead.

Sydney alimin 14:57 GMT May 26, 2004 Reply   
will be interesting to see if euro 1.2080 is cracked now

Indonesia Solo Raden Mas 14:56 GMT May 26, 2004 Reply   
friends !!
I can not say anything again about gbp/usd except gbp/usd 30 minutes have given sell signal. now confirmation sell signal move to wide phase.

warsaw mach 14:53 GMT May 26, 2004 Reply   
Pls check two recent highs on Dolar Index (on 24/04 and 14/05) and input them into Fisher model => next high 15/06 next low 26/05!!!

Are we going up? Mayby it's the last moment for selling EUR/USD???

IST Sez 14:51 GMT May 26, 2004 Reply   
Closed my short gbp at 1,8129 and will short again any higher that level

USA Biscuit Boy 14:50 GMT May 26, 2004 Reply   
Aussie will have the best chance to pick up below figure....maybe euros at 1.2020. Aussie has been sold off most of the day today through euro and chf crosses.

Calabash TarHeel 14:46 GMT May 26, 2004 Reply   
USA Biscuit Boy 14:36 GMT May 26, 2004
fwiw. Hope you and Omil are both right. Would like an opportunity to pick up some more Aud under .70 and some more Euros under 1.20.
But, with a three day holiday coming up and factoring in the terrorism rumors, not too sure that the desire to buy dollars is going to be terribly strong.
gl,gt

Indonesia Solo Raden Mas 14:36 GMT May 26, 2004 Reply   
I suspected today candle is important.
suspect to dark cloud for daily candle gbp/usd.

USA Biscuit Boy 14:36 GMT May 26, 2004 Reply   
If aud/usd breaks support at 0.7040/50 maybe we will get one last opportunity to buy with a 0.69 handle (big support at 0.6990/70).

Sydney alimin 14:33 GMT May 26, 2004 Reply   
i still think there could be one last push higher by usd bears before good retracement can happen, safe trading all

hk ab .59-->.65 nzd in 3 months 14:33 GMT May 26, 2004 Reply   
delayed yen crosses game.

Indonesia Solo Raden Mas 14:31 GMT May 26, 2004 Reply   
gbp/usd
5 minutes chart have given sell signal.
be carefull !! better exit your buy possie.

Miami OMIL (/;-> 14:28 GMT May 26, 2004 Reply   
FWIW I have a revision of the retracement for eur/usd, which has exhausted the bulls trying to get past the 1.2145-50 area. Rough numbers are 1.2050-60, 1.2035-40 and 1.2010-15 with support around 1.2050-60, 1.1990-2000 and 1.1960-70 IMHO. GL GT

hk ab .59-->.65 nzd in 3 months 14:26 GMT May 26, 2004 Reply   
dlr/cad almost made key reversal day yesterday.

hk ab .59-->.65 nzd in 3 months 14:25 GMT May 26, 2004 Reply   
tomorrow Asian will be a dlr/jpy up day for sure. The rest is unknown.

Indonesia Solo Raden Mas 14:24 GMT May 26, 2004 Reply   
it's time.. !!
thanks co_z.. you are smart !!

hk ab .59-->.65 nzd in 3 months 14:23 GMT May 26, 2004 Reply   
It will be something interesting to see dlr/cad makes triple dojis in daily.

houston st 14:20 GMT May 26, 2004 Reply   

ny amc 14:12 GMT--thanks..sometimes you get lucky..on eur/jpy, looking like a buy around 134.40 level..from here I'm unsure, although it looks like it's trying to move higher..keep an eye on it's cousins for hint of direction..here's what I read about it earlier today..good trades.

EUR-JPY - Big picture looks fragile with daily studies poised to cross bearishly. Recent loss of 135.10, the 61.8% retrace of the previous 134.35-136.30 recovery, adds to thoughts of sub 134.35 levels with 133.05 eventually possible. Back over 135.60 is needed to diminish the down-side risk for now.

sydney fg 14:19 GMT May 26, 2004 Reply   
sz...gdp, gdp, gdp! Housing, although bad, not really a major market focus imo. Tomorrow is a safer bet for a break, especially with usd/jpy wresting with T/L support.

NYC CL 14:18 GMT May 26, 2004 Reply   
OZ. Can you explain what parameters you are using to signal the bearish divergence.

USA Biscuit Boy 14:18 GMT May 26, 2004 Reply   
Hi guys. Im taking profits here and sitting out until the heavy hitting US data is released tomorrow.

Zaporozhye, UA Nemo 14:18 GMT May 26, 2004 Reply   
Next move after 10 min.... US oil reserves

OK SZ 14:16 GMT May 26, 2004 Reply   
ok look at the euro hourly chart and it's looking like a bearish divergence..I am selling euro on a break of 12085 for 12035..gl, gt all

OK SZ 14:12 GMT May 26, 2004 Reply   
you would think that with this bad data the euro would be at t 22 by now..some worry here? consolidation? probably, look for breaks on the daily highs or lows and go with the flow

ny amc 14:12 GMT May 26, 2004 Reply   
houston..........nice $cad trade. any view on eur/jpy here

sydney fg 14:09 GMT May 26, 2004 Reply   
nick, housing stats, Pretty bad. Worst since some time in the '90s.

nyc jk 14:09 GMT May 26, 2004 Reply   
April New Home Sales , -11.8% m/m, worse than expected.

Miami OMIL (/;-> 14:09 GMT May 26, 2004 Reply   
New home sales drop 11.8% in apr

sydney fg 14:08 GMT May 26, 2004 Reply   
>>Texas jb 13:58 GMT May 26, 2004
>>Thanks Sydney, Thanks a million.

No worries. Serves as a good reminder to myself too.
Oil man made a good point earlier today about oscillators in trending and ranging markets. Hope it helps.
good luck.

Normandy Nick 14:06 GMT May 26, 2004 Reply   
there was an other data at 14:00 GMT , someone knows what came out?

IST shorunmu 13:58 GMT May 26, 2004 Reply   
Dollar Lower...Wait A Minute (FXA)

1.35 in mind. :) Fully agree with that view. Will just wait to see confirmation of 1.20 break.

Texas jb 13:58 GMT May 26, 2004 Reply   
Thanks Sydney, Thanks a million.

houston st 13:56 GMT May 26, 2004 Reply   

Okie, good morning..you could be right..market has been monkeying around here for awhile..looks to be tech driven at the moment w/ tight ranges for now..trying not to force anything, as this is when mistakes get made..hope you are having a good trading week..my regards to all the Sooners..gl/gt.

melbourne farmacia 13:55 GMT May 26, 2004 Reply   
KL Adam 13:25 GMT May 26, 2004
Yves Ylein - Artist

OK SZ 13:53 GMT May 26, 2004 Reply   
ST, morning, euro has to break 12080 for 12050 as I see it..I think we may consolidate a bit here and then push higher later today..jmho

IST Sez 13:51 GMT May 26, 2004 Reply   
Anadolu yakası frd.

Global-View Research 13:51 GMT May 26, 2004 Reply   
Dollar Lower...Wait A Minute (FXA)

Plenty of damage done to dollar technically on Tuesday with the break of key bull t-lines in dollar index, versus euro and stg while versus chf dlr broke channel support and went through big retracement (50% from Jan-Feb lows). Price action is flushing out a dollar bearish story as I noted in yesterday's alert. Oil is seen reducing Fed need to hike, Fed rate hikes and then some (more than Fed has in mind) are fully priced in at the short-end of the Tsy curve. And the US structural imbalances are again receiving attention (current account funding problem).

So why my hesitation?... See full story in our New Research Section, accessible by a link in the middle of our homepage, on the right sidebar under Analysis or news, or by Clicking Here

houston st 13:50 GMT May 26, 2004 Reply   

morning all..tp on usd/cad short for +120 pips..unsure what to do w/ eur/usd..looks a little heavy here this morning as it can't seem to keep it's head up..still like it but at lower levels..many will start their Memorial Day weekend early here so I'll just watch from sidelines for now looking for opportunity to show itself..gl/gt.

Warsaw 13:47 GMT May 26, 2004 Reply   
gbp/usd gonna raise or what ??

sydney fg 13:44 GMT May 26, 2004 Reply   
Texas jb 13:36 GMT May 26, 2004
Does anyone have any general rule of thumb or anything to share about how to avoid some of the false starts. Since 6:30 this mornining, my indicators told me to buy, sell, buy. Or shall I just flip for it.

Though you cannot get it right every time, look at the bigger picture and respect the longer term trends and ranges. They seldom break first go. Be patient. Gather experience. Relax. :)

g/l

IST shorunmu 13:43 GMT May 26, 2004 Reply   
Euro has to spen a few days above 1.20 if you plan on buying long term.

BTW sezium istanbul'un neresi?

sydney fg 13:42 GMT May 26, 2004 Reply   
now is the perfect time for short termers to stay out.
aud threatening to move lower but shouldn't as dollar yen finds it's range here. eur much the same.

put you pips in the bank and wait for the next picture to emerge. as we await gdp tomorrow.

stay safe.

Ldn 13:39 GMT May 26, 2004 Reply   
AUD/USD: Sliding After UK Selling, Probing 0.7050/60 Support

Sydney alimin 13:39 GMT May 26, 2004 Reply   
watch gold

London 13:38 GMT May 26, 2004 Reply   
Anyone view on whats causing this Dollar rally at present across the board

KL Adam 13:37 GMT May 26, 2004 Reply   
where is gbp going?

Texas jb 13:36 GMT May 26, 2004 Reply   
Does anyone have any general rule of thumb or anything to share about how to avoid some of the false starts. Since 6:30 this mornining, my indicators told me to buy, sell, buy. Or shall I just flip for it.

Anything at all...plz!!

Ina mr.co'z 13:33 GMT May 26, 2004 Reply   
A little view which I see from graph Cable ,from our graph weekly see precisely under MA 21, in graph daily precisely under MA 100 and at graph 4hr precisely under MA 500..., becoming us can conclude where most us transaction direction of save....but...who knows :-)...gl/gt...

IST Sez 13:33 GMT May 26, 2004 Reply   
$$$ Buyers,
do not panic and buy agst eur gbp aud
nice trade to all...!!

OK SZ 13:25 GMT May 26, 2004 Reply   
farmacia, yes minimalism works best for me..gl, gt

KL Adam 13:25 GMT May 26, 2004 Reply   
melbourne farmacia 13:21 GMT May 26, 2004
KL Adam 12:54 GMT May 26, 2004
Try some reading on "Objecthood & Reductivism" within the work of Yves Ylein..... then look at trading tools..

Is that a book? Never heard of Yves Ylein before, where to find it?

sf mike 13:23 GMT May 26, 2004 Reply   
Thanks. I have been stopped out at 1.2658 on one broker. But I'm still alive on another.

Tor Pumpkin 13:22 GMT May 26, 2004 Reply   
EBS low USDCHF 1.2646

hk ab .59-->.65 nzd in 3 months 13:22 GMT May 26, 2004 Reply   
I see some little troubles with aud and nzd with this extent of durable good drops.

melbourne farmacia 13:21 GMT May 26, 2004 Reply   
KL Adam 12:54 GMT May 26, 2004
Try some reading on "Objecthood & Reductivism" within the work of Yves Ylein..... then look at trading tools..

SA Newbie 13:20 GMT May 26, 2004 Reply   
My platform has it at 1.2650

Saihat 13:20 GMT May 26, 2004 Reply   
i see ..12651

OK SZ 13:18 GMT May 26, 2004 Reply   
12670

sf mike 13:15 GMT May 26, 2004 Reply   
What's your low on USDCHF please? Thanks.

KL Adam 13:13 GMT May 26, 2004 Reply   
Durable goods order drop, dollar drop too? Yet MA says GBP is overvalued

SIGH...where is the coin

B.A. BOCA 13:12 GMT May 26, 2004 Reply   
anybody can be a great trader, but most retail traders fall into the trap of trying to be analyst and trader..which often fails miserably. so figure out what you are good at...or at least get some coins as ZA...

hk ab .59-->.65 nzd in 3 months 13:09 GMT May 26, 2004 Reply   
durable goods dropped so much.....

KL Adam 13:05 GMT May 26, 2004 Reply   
Stockholm za : You put everything into perspective! good luck!

Minnesota Mark 13:05 GMT May 26, 2004 Reply   
I can see it now, in front of Stockholm is one coin for each currency set. Gets up in the morning flips each one, puts in the trades then off til tomorrow.

Stockholm za 13:02 GMT May 26, 2004 Reply   
KL Adam >>>> I flip A coin...

Head = Buy
Tail = Sell

Go re-read my post.......
Happy trades..

Normandy Nick 13:01 GMT May 26, 2004 Reply   
euro and chf respectively back in buy and sell signal since they open above 1.2120 and below 1.2690

guangzhou lolo 12:58 GMT May 26, 2004 Reply   
gbp/usd, i think 1.82 is important, 20ma on weekly chart and 100 ma on daily chart. gl

KL Adam 12:54 GMT May 26, 2004 Reply   
Stockholm za : if you dont use tools, what do you use to trade FX?

KL Adam 12:53 GMT May 26, 2004 Reply   
JKT diablo

i long gbp too, at 1,8185

LHR B747 12:52 GMT May 26, 2004 Reply   
Closed the long EUR/USD position @ 1.2126 for 16pips
Did not follow the initial plan for 1.2133 as I have to work :)

Stockholm za 12:50 GMT May 26, 2004 Reply   
London 12:17 GMT May 26, 2004
The truth is that 75% of these tools is useless and missleading when it comes to FX..
The question is :- Who do you think Use them ? ..
Happy trades to you ...

sydney fg 12:49 GMT May 26, 2004 Reply   
usd/yen testing the line again. Doesn't look like enough flow to push through just yet. Tomorrow beckons with gdp.

jkt diablo 12:49 GMT May 26, 2004 Reply   
With the bad durable orders data, USD looks very vulnerable now. I just took a long position on GBP at 1.8175 as I believe 1.82+ looks very close now, especially if EUR can break that 2040 resistance clearly.

OK SZ 12:48 GMT May 26, 2004 Reply   
2150 said to be asian names as sellers there

chicago cal 12:48 GMT May 26, 2004 Reply   
nice post, sun tzu

Nottingham 12:47 GMT May 26, 2004 Reply   
Vilnius george 12:43 GMT

be a double agent, striking your blows with care...you still win even if you are on the losing side...gl gt

Vilnius george 12:43 GMT May 26, 2004 Reply   
Nottingham 12:27
what is chart? its just one of the ways to show the battle. If you are a good war strateger, you would join to wining team , and fight whatever your enemy. it my be your neighbour , your best friend ...

Singapore Sfx 12:40 GMT May 26, 2004 Reply   
Terrific post, nh. Thanks.

OK SZ 12:38 GMT May 26, 2004 Reply   
euro is a sell if we take out 12080 should see stops there..or a buy above 122

KL Adam 12:37 GMT May 26, 2004 Reply   
GBP/USD up or down???

Livingston nh 12:36 GMT May 26, 2004 Reply   
So far the reaction off the lows in the majors seems to be typical of the dry period between significant data releases - a 50% retracement would take most currencies vs USD above the last bounce and back towards highs of early April -- Swissy seems to be leading // US bond market is whistling past the graveyard as it tries push 10 year below 4.70 yield

USD/CHF -- this one likely to break below 1.26 as the 21 da mva breaks the 55 ema - couldn't stay above 200 da -- most likely to overshoot 50% retracement trading off SNB rate hike expectation so could be buy the rumor sell the news

EUR/USD -- likely to challenge the early April crossover of 21 sma and 55 ema crossover at the 1.24 lvl -- the 21 da upside crossing of 55 ema now is lagging the swissy chart but is likely to cross // MACD moving into positive territory

Cable -- held the last downmove at 200 da mva - only one of the five discussed here to do so - 1.83 seems easy target and then 21 da crossover of 55 ema pushes this towards 1.85 (about the time of rate hike?) - still think this will break below 200 da mva in early summer

AUD/USD - popped above the declining 21 da mva so the first target here is a bit above .72 where the 200 da mva is still rising - a 50% retracement gives some good profit still on this one - MACD has just started to rise

USD/CAD -- the 50% retracement here is also at the 200 da lvl around 1.33 but some support at 55 ema around 1.3570 - IMO the fundamentals on this have changed from likelihood of rate cut to a rate hike in late summer // Fed move will probably hold this over 1.32 (where the 21 da and 55 ema last jousted)

this retracement doesn't seem strong enough to take USD to new lows (old trend) but too early to tell if we are in the beginning of a new trend

Ldn 12:34 GMT May 26, 2004 Reply   
March Durable Goods Orders Revised To +5.7% From +5.0%

Normandy Nick 12:34 GMT May 26, 2004 Reply   
the first reaction on the datas (-2.9, prior 3.4) has been to sell dollar, and most of the time, the first impression is oftenly the good one...let's see. I know all that is very overbought against dollar but....

chicago cal 12:32 GMT May 26, 2004 Reply   
london:

look at my posts from yesturday if you get a chance

Ldn 12:28 GMT May 26, 2004 Reply   
Lrge XXX 0.7075 on the aussie today
Why is everyone so bearish this dollar suddenly? All we're doing is returning to pre-NFP meltdown points. All these levels on the majors rather major take-off points in what was being called the big bull run. Some consolidation or retracement (or even reversal !! remember being long dollars?) are all in order.

Nottingham 12:27 GMT May 26, 2004 Reply   
London 12:17 GMT

using those indicators by themselves or as a collection is no better then flipping a coin...gl gt

Minnesota Mark 12:26 GMT May 26, 2004 Reply   
After that long climb north GBP is just taking a breather.

OK SZ 12:25 GMT May 26, 2004 Reply   
my opinion is that euro is a buy above 122 unless we clear that today we may see a pullback towards 119..jmvho

chicago cal 12:22 GMT May 26, 2004 Reply   
UAE oilman:

nice post i did the same thing bot at 1.8150 took some profit at 1.8200 now looking for 1.8300 i think the reason for the stalling is that the euro has R at 1.2140/70

Spotforex NY 12:20 GMT May 26, 2004 Reply   
indicators like RSI can remain oversold/overbot when new trends emerge.....such studies are for fine in trading consolidating markets, but one's capital base can quickly erode when new trends appear....

risk management is always key to survival in trading......

UAE Oil man 12:20 GMT May 26, 2004 Reply   
Rsi is an oscillator..doesn't work in trend markets.

London 12:17 GMT May 26, 2004 Reply   
The stochastic, RSI shows sell on GBP/USD but the price still goes up. Any comments.

Nottingham 12:07 GMT May 26, 2004 Reply   
beijing road 11:47 GMT

have posted one or two things earlier which may interest, but nothing in the way of overextensions as yet...gl gt

beijing road 11:47 GMT May 26, 2004 Reply   
Nottingham: any magic level for today plz? thank you sir.

GVI john 11:31 GMT May 26, 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/$ 1.2110…$/yen 111.50
DJIA -18 pts… 10-yr 4.71%, -2 bp
PERSONAL OPINIONS:
For a broad range of opening levels click on GVI’s “Market Tracker”:
CLICK HERE


SEE TODAY'S TEXT IN RESEARCH SECTION

IST Sez 11:26 GMT May 26, 2004 Reply   
IMHO,This movement is not a trend reverse to high interest ccy from the lower ones considering jpy still strong level.
According to latest "data" from USA ,heating US economy indicate strong global growth.It means that usd and yen will be strong.
short term:sell gbp aud eur(especially eur).
gl (Personally ;I dont want strong usd with G.W.B.)

Indonesia Solo Raden Mas 11:22 GMT May 26, 2004 Reply   
Hello friends !!!
in my TA system all pairs have given nice signal.
good timing now for action.
gbp/usd ; eur/usd;aud/usd..sell more !!
usd/chf ; usd/jpy ..buy more !!!

IST Sez 11:19 GMT May 26, 2004 Reply   
IMHO,This movement is not a trend reverse to high interest ccy from the lower ones considering jpy still strong level.
According to latest datas from USA ,heating US economy indicate strong global growth.It means that usd and yen will be strong.
short term:sell gbp aud eur(especially eur).
gl

Minnesota Mark 11:10 GMT May 26, 2004 Reply   
UAE Oil man -- Been riding the wave since a week ago Monday on GBP Yen and Gold.. I may just come out ahead for the month.. As long as I don't run out of wave and end up taking a header into the beach that is.

UAE Oil man 11:07 GMT May 26, 2004 Reply   
I gave a short term strategy..this morning buy 1.8148..Why you guys always want to sell things that go up.
(shrugs)

Minnesota Mark 11:04 GMT May 26, 2004 Reply   
IST Sez 10:55 GMT May 26, 2004 -- I wouldn't count GBP out yet.. She has proven much stronger in this push than anticipated and could have shot to go.

KL Adam 10:56 GMT May 26, 2004 Reply   
Sez : any short term strategy?

IST Sez 10:55 GMT May 26, 2004 Reply   
GBP sell for below 1,80 within a couple of days ahead...

KL Adam 10:49 GMT May 26, 2004 Reply   
Sez : GBP can sell now? what target?

IST Sez 10:47 GMT May 26, 2004 Reply   
EUR,GBP and AUD excellent level for sell.
Be hurry...

Bah BAHRAIN1 10:45 GMT May 26, 2004 Reply   
Hi Oil Man/// Many thanks mate, have a great day.

LHR B747 10:45 GMT May 26, 2004 Reply   
EUR/USD: long @ 1.2110 for 23pips before US session will start

GT

UAE Oil man 10:32 GMT May 26, 2004 Reply   
Bah BAHRAIN1 10:25 GMT May 26, 2004

Hello Bahrain1..


Sell $ on every $ blips!.

sgp sp 10:30 GMT May 26, 2004 Reply   
Hi nottingham,

You got mail :)

Bah BAHRAIN1 10:25 GMT May 26, 2004 Reply   
UAE/Oilman//London MJM/// are you around. GL.

Bah BAHRAIN1 10:23 GMT May 26, 2004 Reply   
Hi Friends, Good day to u all, Long time since my last log in, how is the market treating u, hope all fine with u .... ant ideas for today pls??

sydney fg 10:08 GMT May 26, 2004 Reply   
agree again alimin.
Footy's on. Back in an hr or two.
g/l all

Sydney alimin 10:05 GMT May 26, 2004 Reply   
us data later will determine direction, i dont expect to see any surprise move from now till then

New York Raider 10:02 GMT May 26, 2004 Reply   
CHF /// Thanks Nottingham, everything really pressed off of the release.

Nottingham 09:58 GMT May 26, 2004 Reply   
kof: may 0.95; april revised up to 0.85

Gen dk 09:57 GMT May 26, 2004 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

New York Raider 09:53 GMT May 26, 2004 Reply   
CHF /// Swiss KOF Leading Indicator was released at 0930 GMT. CHF has been rallying since. Could someone please post the data and any note if they have it? Unable to get the info at this time. TIA

Genoa nic 09:50 GMT May 26, 2004 Reply   
NYK, you welcome!

Nottingham 09:48 GMT May 26, 2004 Reply   
HK Byron 09:32 GMT

pleasure...demand expected between 3650 down to 3625 and may slow progress...gl gt

Sofia NYK 09:43 GMT May 26, 2004 Reply   
Genoa nic// Thanks, friend !

Saihat 09:43 GMT May 26, 2004 Reply   
Zaporozhye, UA Nemo 09:35

NOT me

Bahrain Within 10 pips 09:42 GMT May 26, 2004 Reply   
95% with the level and time frame...only...
95% of the time that position (ie;Using the levels) will be to your favour...if make then one then all (ie; Portfolio) will increase in reliablity... by Total Confindence>1-.05^n..where n= number of entries...
so n=2 mean you lose nothing...or 98.5
Cheers and thanks for asking...not many people do.

NY 09:42 GMT May 26, 2004 Reply   
Another demo guy who thinks he has the holy grail.
will get wipe on the first trend,then come back with new numbers.

china qq 09:41 GMT May 26, 2004 Reply   
hi..guys.. when u guys think GBP gonna drop... i hate it keep increasing... help.. help..where is the top of GBP?

Genoa nic 09:40 GMT May 26, 2004 Reply   
NYK, because of better than expected Swiss KOF leading indicator to 0.95 from 0.85

london phil 09:39 GMT May 26, 2004 Reply   
dollar yen sitting on its uptrend line since begining april

Sofia NYK 09:38 GMT May 26, 2004 Reply   
Should somebody tell me, please, why the Eur/chf fell so sharply the last ten min?

Zaporozhye, UA Nemo 09:35 GMT May 26, 2004 Reply   
Who sell EURCHF so hard?????

Montréal Taro 09:34 GMT May 26, 2004 Reply   
Bahrain Within 10 pips
what is the % confidence, how do you measure it ?

NY GG 09:33 GMT May 26, 2004 Reply   
Montréal Taro 09:30 GMT May 26, 2004
NY GG
where would you put your stop

1.8197 R^R 2/1

London ADK 09:32 GMT May 26, 2004 Reply   
Bahrain - Thanks and GL

HK Byron 09:32 GMT May 26, 2004 Reply   
hi Nottingham 08:32 GMT May 26, 2004,

Really thanks a lot with yesterday's dlrcad comment to sgp sp, we got some nice Sell level layering from 3745~3775...

Best Regard and gl gt :)

Montréal Taro 09:30 GMT May 26, 2004 Reply   
NY GG
where would you put your stop

Bahrain Within 10 pips 09:28 GMT May 26, 2004 Reply   
London,
I guess it's my fault for not mentioning the plan's time frame...it's 24 Hours...(T+24 hrs)...I see what U are saying now...within 24 hours either hits first would be an entry level...covering that entry might be anything in between the range...I suggest you cover with a Max of 1/3 the range given...Range=(Short-Long) Levels..

NY GG 09:24 GMT May 26, 2004 Reply   
cable is a SELL here for 60 intraday pips i.e. 1.81. GTs

London ADK 09:23 GMT May 26, 2004 Reply   
Dr Q here publish similar ranges and we know that he has a tried and tested teqnique. How do youyget these? statistical? high lows? Is it you own work? So many questions so littel answers

Ga Lee 09:23 GMT May 26, 2004 Reply   
If it gets to .3234, I'd think a test of the 200 week sma might be in order at that point..so long there with a stop below the 10 sma, from the same chart...

London ADK 09:21 GMT May 26, 2004 Reply   
that is 1.2178

London ADK 09:21 GMT May 26, 2004 Reply   
So they are ranges. Off course I am serious. I see something I dont understand I ask. I don't know how you derive these ranges, but I like some of them. Others I find meaningless without more of an explanation. eg the eur/usd I have a t/p in at 1.2205 I had a look this mornign andf thought 1.178 ahead of a long w/e could be better. Don't find the other leg of that one 1.1950ish much helpful because I just dont know how thing will pan out and under wich circumstances we reach that.

Bahrain Within 10 pips 09:20 GMT May 26, 2004 Reply   
Eur/STG is close to Level for Long...Nick What do U think?

Normandy Nick 09:16 GMT May 26, 2004 Reply   
the signs of an important retracement appear on usd/chf. The macd shows a positive divergence and 1.2680 has been rejected. I have a buy order at 1.2735 for 1.2770

Bahrain Within 10 pips 09:16 GMT May 26, 2004 Reply   
In Middle U could cover you positions...if you like!

Montréal Taro 09:14 GMT May 26, 2004 Reply   
London ADK
If the market get to the higher number, you short. If it gets to the lower number, you go long. In the middle you do nothing.

Bahrain Within 10 pips 09:12 GMT May 26, 2004 Reply   
Short it there...I Mean...And long it at the other Level...which ever happens first...
are U serious...London?

London ADK 09:10 GMT May 26, 2004 Reply   
You would do either? I still don't understand.

Bahrain Within 10 pips 09:08 GMT May 26, 2004 Reply   
Either

London ADK 09:06 GMT May 26, 2004 Reply   
So lets take for example GBPCHF 2.3234 2.2866 We are at 2.3082 now, right in the middle of this range (if I can call it that). What would you do at 2.3234?

Bahrain Within 10 pips 09:05 GMT May 26, 2004 Reply   
London,
I Shorted NZ while ago using the levels

Bahrain Within 10 pips 08:59 GMT May 26, 2004 Reply   
Entry...Levels...Sort of Optimum

London ADK 08:56 GMT May 26, 2004 Reply   
Bahrain - If I may ask, what are these levels? Support/resistance/targets ?

Bahrain Within 10 pips 08:41 GMT May 26, 2004 Reply   
I think Niel Young did write this song for you "Heart of Gold"...But Hey...The S---&%$#...happens...LOL

Gold Coast martin 08:37 GMT May 26, 2004 Reply   
bahrain...I think you and haifa need to go rub a camels hump..it may calm you down......

Tokyo stmarkie 08:36 GMT May 26, 2004 Reply   
UK DATA
Q1 1st Rev. GDP
+0.6% q/q; +3.0%...........
UK DATA: Q1 1st Rev. GDP: +0.6% q/q; +3.0% y/y

Weaker then expected!!!

Bahrain within 10 Pips 08:35 GMT May 26, 2004 Reply   
Hi...Just changed my Name to within 10 pips...Look Guys these levels have my name on them...LOL
Currecny Short Long
EURUSD 1.2209 1.1959
USDJPY 113.29 110.79
GBPUSD 1.8245 1.7894
USDCHF 1.2947 1.2605
EURCHF 1.5487 1.5344
AUDUSD 0.7160 0.6990
USDCAD 1.3918 1.3611
NZDUSD 0.6243 0.6084
EURGBP 0.6748 0.6642
EURJPY 136.91 134.06
GBPJPY 204.71 200.16
CHFJPY 88.88 86.96
GBPCHF 2.3234 2.2866
EURAUD 1.7285 1.6931
EURCAD 1.6789 1.6471
AUDCAD 0.9835 0.9629
AUDJPY 80.11 78.37

Nottingham 08:32 GMT May 26, 2004 Reply   
sgp sp 08:16 GMT

aussie has supply at levels 7120/25 which is helping to put a floor under the euraud...gl gt

Montréal Taro 08:26 GMT May 26, 2004 Reply   
What is the payout on Eur/Yen ?

Gold Coast martin 08:23 GMT May 26, 2004 Reply   
HAIFA..do u call rubbing the hump of the camel in your country errotic?lol

saloniko 2004 nk 08:21 GMT May 26, 2004 Reply   
GBP/J...

Im trying..to

S.E.L.L...for target -200

nk

Haifa ac 08:21 GMT May 26, 2004 Reply   
Helsinki iw 07:51 GMT // Erotic massage is another option.

Ldn 08:19 GMT May 26, 2004 Reply   
Wary of pullbacks intradayon the Aud given the overbought nature of hourly studies

Ifr.

sgp sp 08:16 GMT May 26, 2004 Reply   
Good Afternoon nottingham,

Thanks for eur/aud keyzones info....looks like it is trying very hard to break it.

gt 2 u :)

sydney fg 08:14 GMT May 26, 2004 Reply   
Sydney alimin 08:02 GMT May 26, 2004
agree with much of that alimin. Would ad that usd/jpy is now resting a fairly hefty T/L which will take some breaking.

stay safe. g/l.

Normandy Nick 08:13 GMT May 26, 2004 Reply   
(1.2690)

Normandy Nick 08:13 GMT May 26, 2004 Reply   
usd/chf looks like it has made a reversal but I shorted it anyway at 1.290 stop 1.2705 bid , target 1.2650. I consider 1.27 will be protected and that usd/chf doesn't worth more than that

saloniko 2004 nk 08:12 GMT May 26, 2004 Reply   
Gold Coast martin 07:58 GMT May 26, 2004

Yes..LOL!


nk

NY GG 08:10 GMT May 26, 2004 Reply   
euro is a SELL here with a tight stop at 1.2145 look for 30 pips you daytraders. GTS

Sydney alimin 08:02 GMT May 26, 2004 Reply   
take it easy guys, we haven't even got to 1.2150 for euro, let alone 1.2180 and 1.2210, without a decent and healthy retracement there is no way 1.24+ be printed any soon....as soon as and if we got to 1.22+ i would expect a 200 pips retracement first, IMHO of course gl gt

Nottingham 08:00 GMT May 26, 2004 Reply   
euraud...7040/55 key zone...gl gt

Gold Coast martin 07:58 GMT May 26, 2004 Reply   
Stalin may have missed one...the guy that advertises his statistical data on this forum...lol

Gold Coast martin 07:55 GMT May 26, 2004 Reply   
UAE..OILMAN....stalin exiled and killed that many voters to the extend that there were no voters or vote counters left to count...so at the end it was one man that counted..lol....good trades friend...

UAE Oil man 07:54 GMT May 26, 2004 Reply   
Helsinki iw 07:51 GMT May 26, 2004

actually a good idea,I was thinking of SEWING..when i wait with my positions;)

Helsinki iw 07:51 GMT May 26, 2004 Reply   
Oily, if all else fails, get into writing. You crack me up every time. Have a good one, out for a while.

saloniko 2004 nk 07:50 GMT May 26, 2004 Reply   
$/CHF E/$ E/GBP E/J

GBP/J $/J

1/12/87 1.2780 1.30 0.74 166 241 133

1/01/91 1.2465 1.39 0.72 186 258 137

1/09/92 1.2255 1.44 0.82 178 247 125

1/05/95 1.2445 1.34 0.84 112 137 87

1/10/95 1.12 1.32 0.83 133 160 102


12/2003 1.2140 1.2890 0.7080 1.3780 198 108

UAE Oil man 07:49 GMT May 26, 2004 Reply   
Helsinki iw 07:46 GMT May 26, 2004

It's not the voters that count..it's who counts the votes that does..(stalin).

However Bush applied it pretty well last time.

LHR B747 07:47 GMT May 26, 2004 Reply   
FED rates @ 1.5% = EUR/USD @ 1.1200-1.1400

Going to this range from 1.2400-1.2600 is more logic than going to there from 1.1650-1850 (does logic counts?)

The outcoming US data within the next 2-3 weeks will ensure rates hike during the JUN/04 meeting.

OIL prices: shorting for SEP-DEC/04 contracts is a sure thing (as long sure thing exists in trading).

China: proved to be best USD friend, the recent industrial data from China data is screaming for much stronger USD

IMHO & GT

Helsinki iw 07:46 GMT May 26, 2004 Reply   
Ok, but the consumer at the pump is the voter, and he is pretty pixxed off if reports are accurate.

Bahrain KZ 07:46 GMT May 26, 2004 Reply   
I will look up the comments...Thanks Nick :)...
Maybe on the yen...I will try this..for the next 3 weeks
1) Enter at 110.85 cover at 113.12
2) Renter at at 112.00 and cover at 115
2) Short it at 116.20

UAE Oil man 07:42 GMT May 26, 2004 Reply   
Helsinki iw 07:32 GMT May 26, 2004

Why,most of the oil profit money goes into U.S coffers..in the forms of bonds,stocks etc..

Normandy Nick 07:41 GMT May 26, 2004 Reply   
take profit order set on chf at 1.2694 offer, on pound at 1.8158 bid. Pause café now..

NY GG 07:37 GMT May 26, 2004 Reply   
"exit visas are imminent" keep those short usdyen till Friday 108.30 GTs

Normandy Nick 07:33 GMT May 26, 2004 Reply   
Bahrain KZ 07:27 GMT May 26, 2004
1.25 is not my own deduction to be honnest; I just consider it makes sense. The one who first told me that is Mr Hardy (analyst), on forex television( Broker Research . Watch his last comment , it's always very interesting.

Helsinki iw 07:32 GMT May 26, 2004 Reply   
Oily, are OPEC voting against Bush by keeping the price up?

UAE Oil man 07:27 GMT May 26, 2004 Reply   
The question about selling oil in euros is for now just a diplomatic stances..To get something or leverage with the USA.
I think the real thing to look for was the certainty the market players were told how "healthy" the state of the U.S economy was..and that the rates were about to be raised..Now there are delays, oil is up..there's no inflation...
thus market goes back to it's previous idea...that USA isnt healthy as pointed out.

Bahrain KZ 07:27 GMT May 26, 2004 Reply   
Nick: I would like to comment on that but I can't...not now anyways..The volitility has get really high for your statement to be true...

Bahrain KZ 07:02 GMT May 26, 2004
I won't be surprised to see 1.25, certainly not this week, but personnaly, I think the wind has turned on the long term.

Moskow 07:26 GMT May 26, 2004 Reply   
the best intraday forex quotes historical data is here

Nottingham 07:24 GMT May 26, 2004 Reply   
cable...key zone 8220/30...gl gt

Helsinki iw 07:24 GMT May 26, 2004 Reply   
If that OPEC story were to prove correct the trend would be anything but slow. Perhaps they should sell in sterling, they all want ´em? Next hurdle on EUR/USD 1,2190/00, if broken, a move to the 1,2350-00 area is very possible.

Normandy Nick 07:23 GMT May 26, 2004 Reply   
I have a top at 1.8195 and usd/chf holds the shock quiet well. I'm thinking about close everything if it looks too bad.

Minnesota Mark 07:23 GMT May 26, 2004 Reply   
Will do.. Gold just Bid 390.10

saloniko 2004 nk 07:22 GMT May 26, 2004 Reply   
Good Morning..

USD/CHF is again like a soft Butter...

Any up move @ 1.28+ should be short Gun again..

nk

Singapore Sfx 07:22 GMT May 26, 2004 Reply   
Oil man 06:46 - thanks mate - nice call and good luck.

Normandy Nick 07:21 GMT May 26, 2004 Reply   
Minnesota Mark 07:20 GMT May 26, 2004
yes, it's somewhere on dailyfx.com, look for an existential question lol!

Minnesota Mark 07:20 GMT May 26, 2004 Reply   
Normandy Nick 07:18 GMT May 26, 2004 -- Sell oil in Euro?? Ouch.. is there an article on that Nick?

Normandy Nick 07:18 GMT May 26, 2004 Reply   
Gold Coast martin 07:12 GMT May 26, 2004
Yes, I know about the interest rates and the other things that pushed the euro around 1.17. But on the other hand, there are the deficit of the us economy ( and others things..) but above all, I heard the OPEC could decide to sell the oil in euro and not in dollar anymore and that would be a big slap for the greenback/

UAE Oil man 07:16 GMT May 26, 2004 Reply   
Nice slow trend.

MONACO OGA 07:13 GMT May 26, 2004 Reply   
FX UPDATE 26/05
Good morning,

***EUR***
EUR/USD (currently 1,2110), 70 pips higher than yesterday opening. The market keeps pusihng upwards and broke 1,2060 resistance as expected on slightly weaker US consumers confidence index for May. We are still monitoring our 1,2170 target (1,2170 today our 200 period daily weighted moving average) with chances to reach 1,2350 since enough momentum was accumulated since April. The market is worried about the impact of high oil prices on the US economy. For today, we will be looking to build long positions on any retracements to 1,2060-80 for a 1,2170 target then 1,2350 medium term.

Data out today:

EURozone industrial new orders March expected 0.5% 07.00 GMT
UK GDP Q2 expected 0.7% 08.30 GMT
US durable good orders April expected -1.0% 12.30 GMT
US new home sales April expected 1200K 14.00 GMT

Gold at 389,00, with WTI July at 41,16

***JPY***
USD/JPY (111,70). The pair was rejected at 113,30 yesterday and retraced to current level on general USD weakness and on substantial NIKKEY rebound overnight. Our bullish scenario has been negated by this failure at 113,30, and next strong support currently stands around 110,50 level. We'll wait such level to turn bullish (115 still remains to be broken to open door to 114-120 range)
EUR/JPY currently 135,40, we're looking for price action to hover around 135,50 today.

***GBP***
Cable (currently 1,8140), bullish since yesterday. We reiterate our bullish views: the market is moving upwards and is setting up a new 1,82-1,86 trading range.
EUR/GBP (0,6680) stable but looking offered nevertheless since a couple of weeks. We still favour some buy on dips strategy but will be cautious as a significant break of 0,6680 would negate scenario and imply a test of 0,6620.Resistances at 0.6730 then 0,6760.
Have a nice day,

Olivier

Gold Coast martin 07:12 GMT May 26, 2004 Reply   
NORMANDY NICK....We have to wait and see before forming opinions like long euro to 125....you will find that the days when euro was 125-128 are long gone taking into play the current economic factors that were not in play when euro was 125+....the next 4 trading sessions will see euro reverse gradually back to 118..right now the trading mode should be trading the ranges, and not opening long positions....g/l

Normandy Nick 07:10 GMT May 26, 2004 Reply   
Bahrain KZ 07:02 GMT May 26, 2004
I remember this analyst on Bloomberg who said he was seeing the euro/dollar at 1.40 buy the end of the year; I know 1 months ago that number was a good joke but if we look on the daily chart, we can see the chart doesn't laugh at all( 1.33 as a top for now)

Normandy Nick 07:06 GMT May 26, 2004 Reply   
Bahrain KZ 07:02 GMT May 26, 2004
I won't be surprised to see 1.25, certainly not this week, but personnaly, I think the wind has turned on the long term.

Brisbane L 07:03 GMT May 26, 2004 Reply   
Chinese Account said to be selling Euro and Aud

Bahrain KZ 07:02 GMT May 26, 2004 Reply   
Nick..its got to be there...USDCHF 1.2947 1.2605

Normandy Nick 06:59 GMT May 26, 2004 Reply   
Right,
usd/chf " trapped" in sell signal. My first target 1.2680 has been reached but if the pound breaks the holy 1.8150, no doubt chf will go to 1.2640, in the same time euro has opened the gate for 1.2160

Bahrain KZ 06:58 GMT May 26, 2004 Reply   
eur 1.2209...it's over there...

UAE Oil man 06:55 GMT May 26, 2004 Reply   
Singapore Sfx 06:50 GMT May 26, 2004

I m long from 1.7817,But i just added here at 48 sl for this one 1.8065

prague viktor 06:51 GMT May 26, 2004 Reply   
Oil man:Good morning,thanks for ur wonderfull calls from the last week I mean long euro and long gbp G/L my friend

Singapore Sfx 06:50 GMT May 26, 2004 Reply   
Oil man 06:46 - where's the stop ?

Minnesota Mark 06:48 GMT May 26, 2004 Reply   
Thank you all... I must say that I'm amazed at this GBP run. I see no reversal signals on any of the chart times either.

Ldn 06:47 GMT May 26, 2004 Reply   
Euro daily charts are bullish but close to IFRoverbought levels and advice is to take profits on another failure ahead of
the 1.2175 target level IFR

UAE Oil man 06:46 GMT May 26, 2004 Reply   
GBP$ is still a good buy here,

easily targets 1.84-1.90 And over.

prague viktor 06:45 GMT May 26, 2004 Reply   
sorry it must be over the 1,816

prague viktor 06:43 GMT May 26, 2004 Reply   
Indonesia Solo Raden Mas:Hello Raden and if we close over the 1,186level is it that mean we are goining to the 1,85-1,86 level ?!!!

ICT ML 06:43 GMT May 26, 2004 Reply   
GBP-USD is trying to break out of its previous trading range top here at 1.8150....it will take awhile to break through if London decides to stay in the range

Normandy Nick 06:42 GMT May 26, 2004 Reply   
the 20 next minutes will be decisive I think. The market has to show a positive behaviour. I mean a dodji on the hourly chart of pound will be a bad sign. There are also some datas coming up soon for chf and euro. The market may wait for them as a pretext to confirm its present feeling.

Indonesia Solo Raden Mas 06:39 GMT May 26, 2004 Reply   
gbp/usd view .
if closing hourly bar now below 1.8127 that's mean selling emotion will come. still wait 20 minutes for get that key answer.

Minnesota Mark 06:39 GMT May 26, 2004 Reply   
Good Morning folks.. Looks like the GBP is losing steam atm. Any updated thoughts out there?

Bahrain KZ 06:25 GMT May 26, 2004 Reply   
yen will hit 112.10 then down again to 110.9

Ldn 06:24 GMT May 26, 2004 Reply   
Indonesia Solo Raden Mas ok i will watch those levels thank you

SA M 06:22 GMT May 26, 2004 Reply   
LHR B747 06:00 GMT May 26, 2004

LOL!!!!

Indonesia Solo Raden Mas 06:22 GMT May 26, 2004 Reply   
Ldn.
about aud I have opininion like this :
destination : down to critical number : 0.6990 ; 0.6946
if 0.7100 be broken better wait at 0.7145 or 0.7240 if yopu want to sell.

SA M 06:22 GMT May 26, 2004 Reply   
LHR B747 06:00 GMT May 26, 2004


LOL!!!!!!!

Bahrain KZ 06:21 GMT May 26, 2004 Reply   
Eur might come down 60 pips first then up again..still not yet guys

Bahrain KZ 06:13 GMT May 26, 2004 Reply   
Euro...Not yet..give an hour

Normandy Nick 06:08 GMT May 26, 2004 Reply   
If you're not long on pound yet, put a buy order at 1.8160 , stop 1.8140 in case of false break

Hong Kong Qindex 06:08 GMT May 26, 2004 Reply   
AUD/JPY : Current Comment.  Register with [email protected] if you have no access to my page.

LHR B747 06:00 GMT May 26, 2004 Reply   
What the information at the link means for the USD?

http://english.aljazeera.net/NR/exeres/0EE30E43-B137-417C-9FA4-E629E849E7DC.htm

GT

Normandy Nick 05:58 GMT May 26, 2004 Reply   
Ok, London is going to give the tune.....

Ldn 05:55 GMT May 26, 2004 Reply   
Indonesia Solo Raden Mas good day , what does you see for the aud today the same as the GBP

Indonesia Solo Raden Mas 05:53 GMT May 26, 2004 Reply   
hello... good afternoon.
be carefull now gbp/usd when at 1.8124
maybe best price for sell.
welcome 1.7977

Normandy Nick 05:51 GMT May 26, 2004 Reply   
down bias confirmed on chf at 1.27ôô

Ldn 05:49 GMT May 26, 2004 Reply   
Asian names are selling in front of a 1.2150
barrier. Euro

Normandy Nick 05:47 GMT May 26, 2004 Reply   
true buy signal on euro at 1.2123 bid

Bahrain KZ 05:41 GMT May 26, 2004 Reply   
76% is for the level that it would be to your favour...given you used that enetry level...top trader do about 65%...;)

Saihat 05:35 GMT May 26, 2004 Reply   
Bahrain KZ 05:25 GMT
***Confidnce 76%***

for how many pips ...... -5 ,0,5,50,100 or more

sydney fg 05:34 GMT May 26, 2004 Reply   
howdy folks.
Looks like usd/jpy the key today ahead of gdp tomorrow. Feel that continuation for eur and aud will be restriced by a catious market ahead of data unless usd/jpy shows us a clean break.
I am square and will remain so for the time being. g/l all.

Sydney TJ 05:30 GMT May 26, 2004 Reply   
I would like to know what software you guys use and forex live data as I am looking to purchase one. Thanks

Tommo

Tallinn viies 05:28 GMT May 26, 2004 Reply   
good morning world!
seems to me that too much of the market is bullish today on eur/usd. guess it means no breakout today. planning to buy near 1,2 if seen by accident.

Bahrain KZ 05:25 GMT May 26, 2004 Reply   
I think in general these levels should be comfertable...
Confidnce 76%
Currecny Short Long
EURUSD 1.2220 1.1919
USDJPY 112.96 110.67
GBPUSD 1.8279 1.7820
USDCHF 1.2910 1.2587
EURCHF 1.5466 1.5312
AUDUSD 0.7166 0.6954
USDCAD 1.3878 1.3595
NZDUSD 0.6250 0.6068
EURGBP 0.6737 0.6637
EURJPY 136.50 133.55
GBPJPY 204.30 199.27
CHFJPY 88.60 86.76
GBPCHF 2.3207 2.2778
EURAUD 1.7247 1.6914
EURCAD 1.6754 1.6418
AUDCAD 0.9825 0.9588
AUDJPY 79.99 77.98

Normandy Nick 05:23 GMT May 26, 2004 Reply   
Euro is back in buy signal since it has printed 1.2102/ Got to open the new hour above this level to confirm.
Long on pound 1.8110 for 1.8185 and maybe 1.8265 today.

Saihat 05:19 GMT May 26, 2004 Reply   
eur-
i have poivt point range 1.2055-1.2080 for last day
avrage 1.2066

UAE Oil man 05:18 GMT May 26, 2004 Reply   
HK Kevin 05:10 GMT May 26, 2004

Agreed..But still $yen crashing down is a good cause for euro$ to make a rush on the upside.

Bahrain KZ 05:17 GMT May 26, 2004 Reply   
I am Buying Yen at 110.9 +/- 20 pips so..it's heading to 115 in two weeks..an Option would be great say strik 111 (T+ 21 days)

QC WC 05:14 GMT May 26, 2004 Reply   
Kevin, on the contrary reverse may happen in 48 hours.

Bahrain KZ 05:11 GMT May 26, 2004 Reply   
Just a slight correction for a while each heading to thier last Highs / Lows...yesterday...Might break thier own peaks but a few pips...then it's all the same as to what everyone thinks in this room. eur...south...ect

HK Kevin 05:10 GMT May 26, 2004 Reply   
UAE Oil man 04:41 GMT, we are just looking at different time frames. You are also one of my respected traders in this forum who sits on positions for months. I still have to learn from you.
If you put a gun on my head, I would only buy YEN today (have the potential to trade as low as 108.74 withinn 48 hrs) and not the three contentials.

London 05:02 GMT May 26, 2004 Reply   
[AUD/USD] specs eyeing 0.7045-50 area closely, 20-day
moving average, break-back below seen bearish

Brisbane 05:00 GMT May 26, 2004 Reply   
AUSSIE VOTE: Washington May Be Liability For PM Howard

QC WC 04:53 GMT May 26, 2004 Reply   
Bought Usd/Yen at 111.62

QC WC 04:51 GMT May 26, 2004 Reply   
Bought Euro/Yen at 135.

Ldn 04:48 GMT May 26, 2004 Reply   
EU EUR/JPY Selling Weighs on Euro/Dlr

Normandy Nick 04:48 GMT May 26, 2004 Reply   
Hi,
short chf 1.2730, stop 1.2760. Let's see if London is going to resume the trend....

Sydney alimin 04:47 GMT May 26, 2004 Reply   
i agree with oil man, in this case $ is more under pressure because gold keeps climbing up too

UAE Oil man 04:47 GMT May 26, 2004 Reply   
AUD$ first target .7250 .followed by 7360 then 7540 over.

Brisbane L 04:47 GMT May 26, 2004 Reply   
Option on Aud expiring today
.AUD 0.7045 Big one
AUD 0.7000
AUD 0.6930
JPY 112.00

UAE Oil man 04:41 GMT May 26, 2004 Reply   
And you don't think $ is not under pressure when it's under 112..

HK Kevin 04:40 GMT May 26, 2004 Reply   
hk ab nzd 0.65 03:42 GMT, EUR/$ will be under pressure if EUR/JPY stay below 135.20. Enjoy the public holiday.

Saihat 04:37 GMT May 26, 2004 Reply   
eur-weekly

i posted before

s-1.1876-1.1777-1.1678
r-1.2074(may work as s)-1.2173-1.2272

Bahrain KZ 04:32 GMT May 26, 2004 Reply   
Eur...at 1.2020 slightly Dangerous for swing shorts...might go up again to 1.2150..so

Bahrain KZ 04:29 GMT May 26, 2004 Reply   
You're Welcomed.. :)

st. pete islander 04:16 GMT May 26, 2004 Reply   
OMIL, you have mail! gt

Brisbane L 04:14 GMT May 26, 2004 Reply   
Bahrain KZ appreciated thanks

Bahrain KZ 04:12 GMT May 26, 2004 Reply   
aussie 0.7155 0.7036

USA Biscuit Boy 04:12 GMT May 26, 2004 Reply   
KL KL 04:07 GMT May 26, 2004

A whole lot of yen buying and position adjustments.

UAE Oil man 04:11 GMT May 26, 2004 Reply   
Morning,

let's go to 1.2250 today.

Saihat 04:10 GMT May 26, 2004 Reply   
EUR-DAILY

You may see

s-1.1985-1.1913-1.1840
r-1.2130-1.2203-1.2275

Brisbane L 04:10 GMT May 26, 2004 Reply   
Hong Kong Qindex, what ranges do you see in the next 24hrs for the Aussie please

KL KL 04:07 GMT May 26, 2004 Reply   
what is happening

Ldn 04:05 GMT May 26, 2004 Reply   
FBI Announcement On Terrorism Tomorrow, Al-Qaeda Summer

Hong Kong Qindex 03:45 GMT May 26, 2004 Reply   
AUD/USD : Current Comment.  Register with [email protected] if you have no access to my page.

hk ab nzd 0.65 03:42 GMT May 26, 2004 Reply   
eur/jpy running to the bottom of pennant?

128-130 now

Hong Kong Qindex 03:13 GMT May 26, 2004 Reply   
Hong Kong Qindex 03:12 GMT May 26, 2004
EUR/JPY : Initially the market has a tendency to trade between 134.86 - 136.13 and the mid-point reference is 135.50.

sydney balmain 03:10 GMT May 26, 2004 Reply   
eur s/l @ 1.2080 look attractive.

Ldn 03:02 GMT May 26, 2004 Reply   
Nikkei up 250pts... 2%

Brisbane 02:43 GMT May 26, 2004 Reply   
Spot EUR/USD Gravitating Towards 1.2145 Expiries IFR say

Ldn 02:41 GMT May 26, 2004 Reply   
australian Dollar is likely to rise to 0.7126 in near term, break of 0.7126 would likely allow rise to next major resistance levels at 0.7257, then 0.7342. Tolhurst Noall technical analyst AP.

Ldn 02:19 GMT May 26, 2004 Reply   
Surge Nikkei ----2%+ surge in Nikkei this morning. The index rallied to as high as 11,213

Brisbane L 02:15 GMT May 26, 2004 Reply   
Its expiry is later on today

Brisbane L 02:15 GMT May 26, 2004 Reply   
EUR 1.2145 Large - this seems to be the reason the Euro cant break any higher at the present.

LAX-LGB SNP 02:12 GMT May 26, 2004 Reply   
fine by me :-)
am waiting to add gbpjpy thanks to Dr. Q's levels

hk ab nzd 0.65 02:11 GMT May 26, 2004 Reply   
The honest feeling of hk people is v. v. frustrated.
We don't want those "fake" democrats to destroy the relationship with China while we also hate the incapable and inefficient gov't.

Let's stop. It's FF. :D

LAX-LGB SNP 02:08 GMT May 26, 2004 Reply   
hk ab
yep ... cnn thinks the PRC is doing it for a feel-good rating

nyc jk 01:42 GMT May 26, 2004 Reply   
thanks ab, was just curious, cheers.

hk ab nzd 0.65 01:41 GMT May 26, 2004 Reply   
jk--I don't know but as far as I GUESS, China, HK, Thai will be the regions.

hk ab nzd 0.65 01:40 GMT May 26, 2004 Reply   
SNP, to be precise, it's the buddha finger's bone mashes.

LAX-LGB SNP 01:34 GMT May 26, 2004 Reply   
ab - they must be partyyying real hard in Kapilavastu ;-)
BtW i heard that Buddha's finger arrives in HK today

nyc jk 01:31 GMT May 26, 2004 Reply   
which countries observe that holiday ab?

hk ab nzd 0.65 01:30 GMT May 26, 2004 Reply   
Today's buddha b-day holiday btw.

Ldn 01:29 GMT May 26, 2004 Reply   
Options today Aud 7080 NY.

Brisbane L 01:21 GMT May 26, 2004 Reply   
hk ab nzd 0.65 this is true. very true

ny dm 01:20 GMT May 26, 2004 Reply   
where is dallas gep?

hk ab nzd 0.65 01:10 GMT May 26, 2004 Reply   
L// concur about the UK part.

Problem to US seems that they don't care about where their money have gone and just print print prints....
It will not be a revival of US econ. but pumping more hot money to developing countries mkt.

At some points, it's good. Look at China, India, S.E.
All are benefited with the "anticipated" income.

Hong Kong Qindex 01:07 GMT May 26, 2004 Reply   
Hong Kong Qindex 01:06 GMT May 26, 2004
GBP/JPY : Initially the market has a tendency to trade between 201.85 - 203.32 and the mid-point reference is 202.59.

Brisbane L 01:06 GMT May 26, 2004 Reply   
hk ab nzd 0.65 agree the normal thing would be to hike rates as always has been done in the past with strong Data that has been seen, however this just shows what a different world we now live , other factors coming into the equation the UK should have increased rates a long time ago and will suffer or should I says the public will

Home owners will be told by mortgage lenders tomorrow that interest rates will have to double to prevent a house price crash.

hk ab nzd 0.65 00:55 GMT May 26, 2004 Reply   
L// I think the only way left is rate hike......
The house is to cheap, USD is too cheap, except the oil is pretty high (which has a perfectly inelastic demand curve)....

My handle was set in Apri. Let's see we will see .65 prints by June.

Hong Kong Qindex 00:44 GMT May 26, 2004 Reply   
Hong Kong Qindex 00:43 GMT May 26, 2004
USD/JPY : The congested area of my daily cycle is projected at 110.88 - 112.28. The odds are good that the market will tackle the lower barrier of my daily cycle located at 110.68 // 110.98. The upper barrier is positioning at 112.50 // 112.81.


... 110.68 // 110.98 - 111.29 - 111.59 - 111.90 - 112.20 - 112.50 // 112.81 - 113.11 - 113.42...

Brisbane L 00:43 GMT May 26, 2004 Reply   
Dollar must fall to cool US trade gap-economists

"Another 20-25 percent from where we are now is plausible to reduce the current account deficit by 3 percent of GDP (gross domestic product)," Mike Mussa, a former International Monetary Fund chief economist, told a conference on how much further the dollar should fall and against what currencies.

Brisbane L 00:40 GMT May 26, 2004 Reply   
One thing we have to consider with new terror threats and the oil price reaching record levels , are the Fed going to be in a rush to raise interest rates ? cant see them suffocating a recovery in its infancy.

LAX-LGB SNP 00:39 GMT May 26, 2004 Reply   
gbpjpy needs to stay above 202.71 to go higher

Ldn 00:30 GMT May 26, 2004 Reply   
Dollar Index has sunk below the trendline that's held since February, and USD's midterm downtrend is coming in sight -Bearish USD.

hk ab nzd 0.65 00:25 GMT May 26, 2004 Reply   
cad has made a double doji in daily....

CAIRO AG 00:19 GMT May 26, 2004 Reply   
Gold broke the ristance and standing now at 389.10...

Brisbane L 00:08 GMT May 26, 2004 Reply   
Irish , at least everyone is now aware thats important..

According to Japan bank dealers AUD, NZD in bullish tone vs USD, JPY as global investors gradually adding back high-yielding commodity currencies after cutting their portfolio weight drastically in past few months on U.S. rate outlook,
looking at their interest rate differentials (compared with rates in Japan, U.S saying they aren't the currencies that should be sold off.