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Forex Forum Archive for 09/08/2004

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SanFrancisco tg 23:57 GMT September 8, 2004 Reply   
hellooooo asia?

Global-View JSurvey 23:26 GMT September 8, 2004 Reply   

If you are a "reasonably" experienced trader and would like to participate in our bi-weekly forex survey, send an email to [email protected] This is not meant to be a slight to our general membership but we are limiting participation as we develop this survey. We will consider a general survey after we build a history in this one.

Brisbane 23:20 GMT September 8, 2004 Reply   
Economists expect bumper budget numbers when Treasury unveils pre-election economic, fiscal outlook tomorrow median expectation is for A$5.2 billion surplus in FY05 vs A$2.4 billion estimated May. Rising tax revenues underpinned by booming corporate profits, strong consumer spending, low unemployment benefit payments expected to drive up FY04 budget surplus to A$9.0 billion vs May prediction of A$4.6 billion; independent Access Economics puts at A$9.2 billion.
ABC.

nyc jk 23:05 GMT September 8, 2004 Reply   
ab - NZD is currently .6535/40 and you are saying now that you bought your short NZD back at .6425. ROFL

hk ab 23:01 GMT September 8, 2004 Reply   
the only reminder for today is gold is still under 400.....laterz.

hk ab 22:58 GMT September 8, 2004 Reply   
ladder climbing disappear after RBNZ hiking "news".....
with key-day reversal at hand, where does it want to add?.....

exited shorts @6425 last night for all the 9 lots.
As jf said, this eur/jpy is now strangled again to the north.

GOES B747 22:57 GMT September 8, 2004 Reply   
caba, there are 65pips missing in Asia trading (1.2110-1.2170)...normally it will take 1-2 days; but I will take the time and wait as needed...my t/p targets are always in amounts and not in pips.

gt

wisconsin tim 22:57 GMT September 8, 2004 Reply   
always makes me feel good when something like this comes across the platform ...

"We feel disgusted with the [EUR/JPY]'s strange rebound again. There is no rationale for this cross to move higher, especially suddenly like overnight, and some forcible power must have made the mess. 132.20 bids and 132.00 stops were filled and tripped, then the market is back to this week's starting level thru 133.00 stops. It is consoling to think the cross has not rosen thru the congestion top area of 133.50, and we continue to watch actions around the level."

Philadelphia caba 22:46 GMT September 8, 2004 Reply   
GOES B747 22:44 GMT September 8, 2004

May I ask you for your t/p and timetable for this short? Thanks.

GOES B747 22:44 GMT September 8, 2004 Reply   
Philadelphia caba 22:36 GMT September 8, 2004

I am using low leverage in place of s/l with the current short EUR/USD I play.

gt

Philadelphia caba 22:36 GMT September 8, 2004 Reply   
GOES B747 22:25 GMT September 8, 2004

trading mini, so now just looking for a few pips

Calabash TarHeel 22:33 GMT September 8, 2004 Reply   
NYC TS 22:11 GMT September 8, 2004

Fwiw & Imvho Only: Sir Alan is as aware as anyone else that there is an upcoming election very shortly. I think he was very careful to walk a tight rope with his statement and comments to the end that nothing he said could be construed as favorable either side.
Personally and again IMVHO I think the next two rate hikes are a given.

Gl,gt

sar jf 22:31 GMT September 8, 2004 Reply   
ab- eurgbp is a mess but see 6900 soon euryen is in manipultion mode again

FloridA vv 22:31 GMT September 8, 2004 Reply   
Usd/Jpy

9/8/2004 7:50:00 PM JPN July Current Account 1.7 trln yen 1.28 trln yen
9/8/2004 7:50:00 PM JPN July Trade Balance 1.28 trln yen 1.35 trln yen
Which side it will break.???

Now it hangs on on the most powerfull support which leads back to 2000. Break happened 0n Now. 13.
This Year it has allready seen 115. But risk of visiting 106.70 still exists.

Still long Usd/Cad (suffering, but slowly recovering) long Usd/Jpy, Profit stopped Eur/Usd

ny/tok jf 22:30 GMT September 8, 2004 Reply   
valdez - i see miss universe was in quito the other day - the aust girl

GOES B747 22:25 GMT September 8, 2004 Reply   
Philadelphia caba 21:40 GMT September 8, 2004

what is the leverage you would like to use for the position?

gt

LondonJoe 22:17 GMT September 8, 2004 Reply   
Wien : - the tone of the RBNZ text was certainly not expected by the markets - fixed income traders of late have been betting that this will be probably the last of the RBNZ hikes . I imagine they are caught off guard here

Brisbane L 22:12 GMT September 8, 2004 Reply   
aussie was stronger after comments from Greenspan on the dovish side traders here see possible 7000 in Asia session, and a bias to topside

NYC TS 22:11 GMT September 8, 2004 Reply   
Today's comments from Mr.Greenspan scaled back expectation of tightening beyond what is already expected in September. EUR/USD gained ground from extended levels closing near the 20 day moving average. His concern about rising oil prices and deficit however raised some brows for possible shift in sentiment, even using the term stagflation. His statement that the economy is doing reasonably well was to control the damage that was said and to moderate any extreme expectations. Thus, we are aligned temporarily to neutral levels. Looking for a 1.2160-1.2220 range in the far east.. good luck.

Philadelphia caba 21:58 GMT September 8, 2004 Reply   
london chippie 21:53 GMT September 8, 2004
caba ---1.2225

thanks, originally set 1.2220

london chippie 21:53 GMT September 8, 2004 Reply   
caba ---1.2225

Calabash TarHeel 21:51 GMT September 8, 2004 Reply   
Martin, if you are around, have any thoughts as to where Kiwi will peak?
Tia

Philadelphia caba 21:40 GMT September 8, 2004 Reply   
Good evening guys, any thought where set s/l on short EUR/USD ? Thanks.

Wien GD 21:15 GMT September 8, 2004 Reply   
As expected, the RBNZ hiked rates by 25bp but has
maintained its hawkish tone with RBNZ"s Bollard stating that more rate hikes are needed. Note that this is rate hikes - plural - not singular, guaranteeing the expected October rate hike. Bollard notes that CPI is pressured by tight production capacity. (IFR)

quito_ecuador_valdez 21:15 GMT September 8, 2004 Reply   
"Man has a profusion of means and a confusion of aims." Albert Einstein

Budapest Daniel 21:14 GMT September 8, 2004 Reply   
thanks guys

Ltn th 21:11 GMT September 8, 2004 Reply   
Yenny thoughts,
Yennyone?

quito_ecuador_valdez 21:10 GMT September 8, 2004 Reply   
Thurs, 9 Sept 2004..all times GMT

0130 Australia Aug unemp (previous: 5.7%)
0600 Japan July machinery orders (prev:10.4% y/y)
0600 Japan Aug machine tool orders (prev:10.4%y/y)
0700 Germany Aug CPI (prev: +1.8% y/y)
0700 Germany Aug HICP (prev: +2.0% y/y)
0700 Germany July trade balnce (prev:14.7 billion)
0700 Germany July curnt accnt bal (previous:8.2 billion)
0730 Italy June indust ordrs (prev: +2.4% y/y)
0800 Eurozone Sep ECB monthly report
0830 UK July trade balance
1100 UK BoE MPC mon policy announcement
1215 Canada Aug house starts (prev: 218,700)
1230 US Wkly initial jobless (prev: 362,000)
1230 US Aug import prices (prev: +0.2%)
1230 Canada Q2 capcty util rate (prev: 83.5%)
1230 Canada July newhouse price indx (prev:+0.7%)
1400 US July wh'sale trade (prev: 1.1%)
2000 US San Francisco Fed Pres Yellen speaks
2245 NZ 2nd Q terms of trade index (prev:2.1% q/q)
2350 Japan 2nd Q GDP (previous: +1.7% y/y)
2350 Japan Aug consumr goods price indx (prev: +0.40%)
2350 Japan Aug export price indx (prev: +0.60% m/m)

~~~~

Friday, 10 Sept 2004 all times GMT

0130 Australia Pre-election fiscal & economic outlook
0545 CH 2nd Q GDP (previous: +1.5% y/y)
0600 Japan Aug consumr conf'dnce (prev: 48.7)
0600 Japan Bank of Japan monthly report
0645 France July trade balance
0730 Italy 2nd Q GDP (+0.70% y/y)
1100 Canada Aug unemploy rate (prev: 7.20%)
1230 US July international trade (prev:-US$ 55.8 Bln)
1230 US Aug producer price index (prev: +0.1%)
1230 US August PPI, ex-food & energy (prev: +0.1%)
1230 Canada July international m'dise trade
1330 US Dallas Fed Pres McTeer speaks
1430 US Cleveland Fed President Pianalto speaks

Brisbane 21:06 GMT September 8, 2004 Reply   
Today's Quotation
"The world is a dangerous place, not because of those who do evil, but because of those who look on and do nothing"
- Albert Einstein


Syd 21:03 GMT September 8, 2004 Reply   
Aud/Usd large stops below 0.6870 were undisturbed and dovish commentary by Greenspan sent the Dollar sharply into reverse. Large buying from US names above 0.6930 helped fuel the rise to 0.6984. The AUD/USD rise has taken out
yesterday's high at 0.6960, setting up an outside reversal session. IFR

LA 21:00 GMT September 8, 2004 Reply   
US trade report comes out on Friday

Budapest Daniel 20:55 GMT September 8, 2004 Reply   
Guys do you know some bigger events which would influence the EUR/USD direction for tomorrow and the day after tomorrow?

I see something like Import and export balance for Aug. and Initial jobless claims at 8:30 ET tomorrow
trade balance at 8:30 ET on Friday

quito_ecuador_valdez 20:51 GMT September 8, 2004 Reply   
Even tho Fed's interest rate = more than original 1.0% & increasing (speculative), loan institutions don't necessarily charge more interest to loan holders. So the increase isn't doing what it was intended to do to supposedly "guard against inflation". Actually I read an article recently that loan institutions are charging equal or LESS than in the 1.0 days to keep competitive, also qualifying loan applicants for what they want to purchase on credit. Saying "no" to applicants is stomping millions of bucks of loans and advertising-promotion-good will in the dirt. So the squeeze of higher interest isn't necessarily on the public, it's also refelcted in loan institutions' bottom lines (stock holder's reports). That of course affects loan institutions' health & liquidity...a dangerous toy to play with. I'd say we're in tough times regardless of ho hum "break even"ish flavor of Beige Book and Mr.AG. AG by the way is chairman of the Fed, he's not the king, saying what he's directed to say..mouthpiece. Fuzzy statements come from fuzzy Fed members.

By the way, looks like 1.22 this session can be kissed goodbye, Euro doesn't have enough beans to make it yet. Sorry I got out now! GEP + others I think were right to recommend shorts at 1.2180.

London 20:49 GMT September 8, 2004 Reply   
Daily FX
Buck Buckles on Greenspan Gloom
The U.S. dollar weakened across the board today, after cautious comments by Alan Greenspan sent the greenback reeling. The Fed chairman expressed concern about the long-term effects of the nation's massive budget deficit, a far cry from the upbeat tone of some of his recent appearances.

http://biz.yahoo.com/censored/040908/1094670910_43478_1.html

GOES B747 20:48 GMT September 8, 2004 Reply   
good evening,

entering the new trading day with short EUR/USD position.
looking for 1.2130 as initial target.

before logging off I will post my s/l; actually I consider to beef up the position and look for 20pips ride at one point to cash little pips but 'enough for me' cash.

gt

van revdax 20:46 GMT September 8, 2004 Reply   
At what time will the fx chart at globa-view round off its daily range? TIA

NYC 20:44 GMT September 8, 2004 Reply   
Gold Coast Martin,
Check out the aus from Mizuho analyst just another point of view

http://www.mizuho-cb.co.uk/TresInternet/TECHNICALS/FX_-_AsiaPacific.htm

van revdax 20:40 GMT September 8, 2004 Reply   
Today's Special(Sept 9)//Buy $/JY, risking 109.

wisconsin tim 20:34 GMT September 8, 2004 Reply   
missing a tag =)

Global-View Research 20:30 GMT September 8, 2004 Reply   

Broad Equilibrium Makes For Tough Trading (FXA)
It is no mystery that fund managers do well trading markets that trend toward large over and under shoots, and normally when there are macro conditions far out of alignment. Simply put, the world economy from G10 to "liquid" emerging markets is doing just fine. Inflation is low albeit rising mostly, monetary policy for the most part is appropriate and growth is positive if uneven. Emerging markets are by and large performing well (exception of course are the HIPC). Absent are unsustainable currency regimes of the 1990's. Monetary policies have exerted a sufficient degree of independence and determination to restore confidence in local currencies. Spreads above US Treasuries are low. Fiscal deficits remain a weak point globally with a few exceptions (Canada for one). But this phenomenon is self-canceling...does not really favor one country (currency) over another. Not even the yuan peg is a source of major speculation and has not been for months as China has moved to rein in growth and avoid overheating with controls over lending and speculative real estate development. In other words there is no glaring weak spot for fund managers to exploit in any sustained way.

For the full update go to our reserach section, CLICK HERE

Syd 20:30 GMT September 8, 2004 Reply   
van revdax BUY EURO while drinking wine

Gold Coast martin 20:30 GMT September 8, 2004 Reply   
VAN REDVAX...some traders still dont get it..the euro is walking in the dollars shadow unable to post any gains on its own gains due to flawed euroland fundamentals.....when fundamentals are "stuffed" the forex market is merciless....time takes care of everything and everyone in forex....g/t

van revdax 20:26 GMT September 8, 2004 Reply   
Syd 20:24 GMT //...And the conclusion is??? Continue to buy Euro/$ or sell it...or just watch it on the side while drinking beer?

Syd 20:24 GMT September 8, 2004 Reply   
EUR/USD rebounded strongly today as Greenspan failed to
spin as rosy an outlook for the US economy as the market had priced in. He was relatively unconcerned by the near-term inflation outlook and remains troubled by the high price of oil. Long-term budget forecasts distressed him as well.
EUR/USD took off like a shot the minute he began talking, tripping stops above 1.2050 and especially above the 1.2110 area that had capped the market for the last two sessions. 1.2200/20 is strong resistance on rallies with a return to
the 1.23/1.24 area seen on a break. US/Eurozone interest rate differentials dwindled further today in response to
Greenspan's comments. German paper outyields Treasuries by 7 bp in the 2 year maturity while (down from -3 this morning) while 10-year US paper only carries a 14 bp premium to benchmark German bunds; not much of an attraction for European investors. A further slump in energy prices did the dollar no good today as flows overshadowed fundamentals. Buyers are seen on dips now in EUR/USD, in the 1.2120/30 area while stops lie above 1.2220 IFR.

quito_ecuador_valdez 20:23 GMT September 8, 2004 Reply   
Jay, sorry I started this sequence. I posted my question per your suggestion on the HELP forum; responce welcomed there. I suggest Jay that you just delete all this.

Syd EM. 20:20 GMT September 8, 2004 Reply   
good call

London 10:41 GMT September 8, 2004
The Australian dollar's 5% devaluation against the greenback since mid-August leaves it ripe for at least a two-to-three-day recovery. So expect a bounce by the weekend - the six-hourly momentum indicator now shows it's oversold. An inside day acts as pause in a trend or as the precursor of a potential trend change, which is why the daily range is often comparatively small as investors reassess their positions.

Budapest Daniel 20:09 GMT September 8, 2004 Reply   
sorry for the off topic reply again.

GVI Jay 20:06 GMT September 8, 2004 Reply   
Budapest, as we noted,

Global-View 19:58 GMT September 8, 2004
Quito, can you take this to the Help Forum. TIA

van revdax 20:05 GMT September 8, 2004 Reply   
london chippie 19:29 GMT//Thank you.

Budapest Daniel 20:01 GMT September 8, 2004 Reply   
both the web based and the stand alone program strongly need a server side. both of them should commuicate the same way when you send an order. If you see that your order have not been filled lets say at 1.2200 that can be because of the latency time(your application sends out a request to the server side to trade on the internet and the server side receives it a little bit afterwards) and the suddenly change in the market prices. Of course on the server side you cannot fill lets say 1.2200 @ 1.2201 because the do not match.

Ldn 20:00 GMT September 8, 2004 Reply   
Federal Reserve Chairman Alan Greenspan gave a positive but restrained assessment of the economy's health and an optimistic outlook for inflation, reviving debate over whether the central bank would pause in coming months in its campaign to raise interest rates. In his Congressional testimony, Greenspan also delivered some of his sternest warnings yet on the dangers of not addressing the budget deficit, while voicing strong support for restoration of 1990s-era budget rules even if it meant canceling President Bush's tax cuts. After hitting a "soft patch in late spring ... the expansion has regained some traction," Greenspan told the House Budget Committee in his first extensive remarks on the outlook since July. His review of recent economic developments was a mixture of positive and negative. Consumer spending "bounced back in July" but August retail sales have been "mixed." Business investment is in a "solid upward trend" but much of the recent growth in manufacturing has been to increase inventories, rather than meet new orders. That relatively cautious picture was reinforced Wednesday by the Fed's "beige book," a survey of economic conditions in the 12 Federal Reserve districts to help policy makers at their Sept. 21 meeting. It said growth was "slow to solid" across the country, a less upbeat assessment than the July beige book that described it as "modest to solid." It cited "lackluster retail sales" and "numerous reports of slight cooling" in housing activity. Wage pressures remained "modest" except for skilled workers. The Fed appears likely to raise its target for the Federal funds rate - charged on overnight loans between banks - Sept. 21 to 1.75% from 1.5%. It would be the third increase this year. In July, Greenspan said the central bank thought leaving rates so low for much longer created an unacceptable risk of inflation later on, suggesting the Fed was likely to press ahead with rate increases and if anything might speed them up to contain inflation pressure. But the concern over inflation evident in Greenspan's July remarks was absent Wednesday. Despite higher oil prices "inflation and inflation expectations have eased in recent months," and firms have been experiencing some compression of profit margins, also limiting advances in prices. The combination of a mixed view on the economy and an optimistic inflation outlook raises the possibility that the Fed will pause in its rate-raising campaign, perhaps at its November or December meetings. "The behavior of energy prices and degree of economic traction," as well as differing views insidethe Fed on how rapidly to raise rates, "likely hold the key on this issue," Bank of America economist Peter Kretzmer said in a research commentary.
On the budget, Greenspan went beyond his now-familiar call for the restoration of 1990s deficit-control rules to suggest that Congress add "triggers" to new and existing spending programs and tax cuts that would automatically cut outlays if their cost threatened to exceed expectations. He warned that the deficit, if left unchecked, would eventually prompt investors to fear inflation - since governments sometimes force the central bank to print money to finance government deficits, slowing economic growth and reviving "stagflation."
More seriously, higher interest rates could drive up interest costs on the outstanding federal debt and put added pressure on the deficit, producing an upward spiral of deficits and debt. "If you get into that sort of debt maelstrom, it is a very difficult issue to get out (of)," he said.
reuters.news.

Cairo KS 20:00 GMT September 8, 2004 Reply   
when is the debt data to be announced ?

quito_ecuador_valdez 19:59 GMT September 8, 2004 Reply   
Yes I can. Sorry...charts are flat...thought it'd be OK here. No offence.

Global-View 19:58 GMT September 8, 2004 Reply   
Quito, can you take this to the Help Forum. TIA

quito_ecuador_valdez 19:56 GMT September 8, 2004 Reply   
GEP I realize you are up on this..what's your take on the Flash browser based ("web based") platforms VS the stand alone proggies? Right now I'm favoring the web based platform and am appealing to folks who KNOW like you what their take is. Yes, the web based is regulated.

quito_ecuador_valdez 19:52 GMT September 8, 2004 Reply   
Budapest// Tks 4 Ur feedback. I wasn't asking what was "best" I was asking if it was true that the Flash browser based program sends a signal to the dealer's server TELLING the server what to log in rather than a stand alone proggie ASKING in effect the server if the trade is "OK". There is quite a difference. Of course the developer is key as to whether each works and I realize this.

So, does IN FACT the browser based Flash platform send a signal to the dealer server telling the server what to log in or am I way off base here and believeing something that's not true?

Budapest Daniel 19:46 GMT September 8, 2004 Reply   
Well, everything depends on how the application is programmed, tested and so on. The web based aplications are running on your pc either, just like those stand-alone programs what you're using except that it is running embedded into the browser. We have 2 types of trading applications, web based and a stand alone either. We cannot say that one of them is better than the other just because one of them is "web based" and the other is not. Once again: everything depends on the developer.

quito_ecuador_valdez 19:33 GMT September 8, 2004 Reply   
I read complaints recently (please, no dealer names!) i.e. platforms ignoring stops, no guarantee, slippage & other bungles. Theory: Flash web based platforms (I know of 2, again NO names!) HAV to give you what you click i.e. your computer sends the server the data: click 1.2200 therefore you have to get 1.2200. Again, your computer TELLS the server what's happened, not the other way around, & the server therefore DOES NOT "OK" each trade. So says the outfits who have web based platforms.

Is this the take the rest of you have on this? I'm seriously contemplating going to one of those web based outfits. The non web based outfits (program in your 'puter) say Flash platforms are not stable. Humm. If demo is anything, my fav Flash demo is MUCH MORE stable than the demo programs I tried. OPINIONS PLEASE or post in HELP forum.

Los Angeles ss 19:29 GMT September 8, 2004 Reply   
Tia -- 10.9 vs 7.6 billion expected was the credit number.

london chippie 19:29 GMT September 8, 2004 Reply   
revdax --- R1 @1.2195 , [email protected] here @1.2187

romania nick 19:24 GMT September 8, 2004 Reply   
does anyone know how consumer credit came out?tia

nyc jk 19:03 GMT September 8, 2004 Reply   
revdax - let's go with 1.2200 area

van revdax 19:01 GMT September 8, 2004 Reply   
Ldn 18:43 GMT//i want today's hi only.

romania nick 19:01 GMT September 8, 2004 Reply   
any news on consumer credit?tia

London 18:50 GMT September 8, 2004 Reply   
AUD and NZD should both move higher as Canada has, at least into the second half of next week.Buying Aussie looks to be the best as it is oversold against the Kiwi as well. long the Aussie and short the Canada an interesting strategy, Canada rate decision raised rates by 25 bp as expected

quito_ecuador_valdez 18:45 GMT September 8, 2004 Reply   
I wouldn't trade right now..like a bowling ball balanced on the point of a thumb tack perched on a mayonase jar of nitroglycerine on a hot summer's day. Look at it wrong and something big happens. Here's where I just sit but it does look like longish for EUR/USD. Consumer dept is a big issue with any econ, USA consumer debt coming up next. USA LIVES AND BREATHES on credit (and the charge companie$/bank$ get fat). Even if this report is good (less credit) it shouldn't effect much but if comsumer debt climbs, I figure $1.22 Euros are in the hip pocket.

Ldn 18:43 GMT September 8, 2004 Reply   
There is a maximum target of 1.2350 into next week

van revdax 18:41 GMT September 8, 2004 Reply   
Could anyone venture to forecaste how high Euro could still go from here to close? TIA

quito_ecuador_valdez 18:31 GMT September 8, 2004 Reply   
minor response, prolly so..some market maker was out for coffee and a slow reader as well...sold USD then bought them back again..LOL

London 18:29 GMT September 8, 2004 Reply   
FOREX-Dollar eases as Greenspan comments weigh

LINKNEW YORK, Sept 8 (Reuters) - The dollar weakened against major currencies after Federal Reserve Chairman Alan Greenspan on Wednesday painted a softer picture for the world's largest economy than many had anticipated, citing a rising budget deficit and low inflation.

Van jv 18:23 GMT September 8, 2004 Reply   
USDCAD may target 1.2680

Van jv 18:22 GMT September 8, 2004 Reply   
Is this just a minor responce to Beige Book?

houston ken 18:17 GMT September 8, 2004 Reply   

% cad is holding on i am going long and sell on friday . 15 pips stop loss

quito_ecuador_valdez 18:13 GMT September 8, 2004 Reply   
Fizzle...Beige musta priced in already from G'span's testimony hype. Consumer debt up next.

Indonesia-Solo Raden Mas 18:09 GMT September 8, 2004 Reply   
I am off.

romania nick 18:07 GMT September 8, 2004 Reply   
you can find the beige book here:http://www.federalreserve.gov/FOMC/BeigeBook/2004/20040908/Default.htm

Babuyan Isl MGW 18:05 GMT September 8, 2004 Reply   
what time is the beige book release?

Livingston nh 18:05 GMT September 8, 2004 Reply   
Beige Book = soft patch extended into August - some business demand - prices of energy and related goods (plastics, etc) held at higher levels but no consumer price pressure - labor market spotty - skills labor in demand

Ldn 18:04 GMT September 8, 2004 Reply   
US FED: Beige Book - Some Regions Saw Slower Growth
IFR

Hong Kong nt 18:04 GMT September 8, 2004 Reply   
AB -- correlation of gold and USD is good but not equal to one, unless gold price fails to stabilise above 390, bias remains up...

Indonesia-Solo Raden Mas 17:59 GMT September 8, 2004 Reply   
yes..gbp/usd have touched 7882, nice for sell to get 7853

Indonesia-Solo Raden Mas 17:55 GMT September 8, 2004 Reply   
sell aud/usd now at 7960 or 7970 if shown

Indonesia-Solo Raden Mas 17:53 GMT September 8, 2004 Reply   
gbp/usd if touch 1.7882 .good for sell to get 7853

Calabash TarHeel 17:50 GMT September 8, 2004 Reply   

IMVHO, spot gold market not too impressed with todays market move, through now anyway. $398.90 now.
Gl,gt

quito_ecuador_valdez 17:50 GMT September 8, 2004 Reply   
Since Greenie's testimony was overall positive, I'm betting the beige book will be as well. So USD positive means USD negitive again, right-o? FX is like looking at everything in a mirror..it's bassackwards and with technicals to disprove reality!

Indonesia-Solo Raden Mas 17:48 GMT September 8, 2004 Reply   
eur/usd will go to 1.2104 again. climax selling is at 1.2070

NYC PCM 17:48 GMT September 8, 2004 Reply   
EUR/USD

Looks right now as if we came out of a very small cycle low 1.5 days early and with way more force than is normal for that size cycle.

I guess "fundamentals" (in this case the Greenspan speech) can have an effect on technicals!

Indonesia-Solo Raden Mas 17:45 GMT September 8, 2004 Reply   
I think aud/usd good for sell now to get 0.6949(first) and cut reverse there. climax selling at 0.6907 again.

Ldn 17:45 GMT September 8, 2004 Reply   
GOLD: December Rebounds $2.10 As Dollar Corrects

ICT ML 17:44 GMT September 8, 2004 Reply   
JK if still here...have you tried the new options platform at our favorite broker yet? I found they actually also will do European style options as well as the exotics, no touch, digital, etc....

I need to learn some basic option strategy before I start playing them.....so I have not bought any yet but will once I get an idea of what the fall move might be.

Calabash TarHeel 17:43 GMT September 8, 2004 Reply   
Livingston nh 17:37 GMT September 8, 2004
Could work that way today. I didn't hear Sir Alan say anything to indicate he was considering slowing down on rate hikes. But, how I hear and how the market perceives could be night and day.
Good Luck

Los Angeles ss 17:42 GMT September 8, 2004 Reply   
Thanks nh.

Livingston nh 17:37 GMT September 8, 2004 Reply   
Los Angeles ss - Weds July 28 - last Beige Book - USD was weaker on the loose talk that slowing economy would stay the Fed's rate hike in August

Calabash TarHeel 17:36 GMT September 8, 2004 Reply   
Charlotte, North Carolina
Hello Charlotte, glad to see you haven't drown yet. Looks really messy on the weather channel. Glad you've had a good day, should know in a day or two how mine turns out.
Take Care Friend

quito_ecuador_valdez 17:35 GMT September 8, 2004 Reply   
nyc jk 16:47 GMT September 8, 2004// Right! LOL. If at first one doesn't succeed, break one's self! hehehe. And yes I've tried that (on demo at least)...make a bad move, double up on hope it turns my way, it doesn't, double up again to cover losses again, it still doesn't..close and thank Gawd I was on demo.

I like to post some things so new comers can benefit; obviously experienced traders don't need my inputs. Chicago Irish and I on chat some months ago discussed tactics/long term stuff, I adopted some of his things. If anyone would like to briefly post a trading tactic at this point, we'd all like to see...charts are flat..why not? And Japan, we never hear from you, even in the Asian sessions.

Indonesia-Solo Raden Mas 17:35 GMT September 8, 2004 Reply   
hello.. I am back
I look gbp/usd about 1.7972-1.7992
move from low 1.7815 or 1.7777
now is on the way to go that low.

Los Angeles ss 17:28 GMT September 8, 2004 Reply   
Anyone recall what happened to usd when the last Beige Book was released?

GER ad 17:27 GMT September 8, 2004 Reply   
IMHO nothing have change, EUR/USD next station at least 1.2130/40 but are some forces in the market that maybe want to take out some S/L in the other direction. So only if you can put a S/L over 1.2230 a short at 1.2175+ could be profitable. I have a small short at 1.2177 and waiting with an other sell order at 1.2210

quito_ecuador_valdez 17:25 GMT September 8, 2004 Reply   
Find facts and past reports (summaries and full reports) of the Beige Book Report HERE.

While we're drumming our fingers on the desk top, anyone want to elaborate on the events below as to what the street thinks and what the effects will be? (also called roulette)

Rest of today's leftovers in GMT times:
1800 US Sept Fed Beige Book
1900 US Consumer credit (prev: US$ 6.6 bln)
2100 NZ RBNZ monetary policy announcement
2350 Japan July current acct (prev: ¥1.280 trln)
2350 Japan July trade bal. (prev: ¥1.345 trln)

Dammam A 17:24 GMT September 8, 2004 Reply   
Hellom people ...
Any view about EUR/USD & Cable at the time being?
Thank you.

hk ab 17:24 GMT September 8, 2004 Reply   
I really amazed about the invisible force.

hk ab 17:23 GMT September 8, 2004 Reply   
jf// would you think this eur/jpy key-day reversal valid?

hk ab 17:22 GMT September 8, 2004 Reply   
gold submerged under 400 now.

van revdax 17:22 GMT September 8, 2004 Reply   
Beijing Laowen 16:55 //i am taking a holiday in Vancouver.

Charlotte, North Carolina svi 17:20 GMT September 8, 2004 Reply   
Calabash TarHeel
hello there..........good day today

Calabash TarHeel 16:58 GMT September 8, 2004 Reply   
Fwiw, Sir Alan has finished.
Good Luck to all.

Chicago Irish 16:56 GMT September 8, 2004 Reply   
Sounds familiar Valdez.........

Beijing Laowen 16:55 GMT September 8, 2004 Reply   
van revdax 16:51 GMT //

Hi bro! Long time no see! You aren't in Hong Kong now?

van revdax 16:51 GMT September 8, 2004 Reply   
FWIIW....Short Euro/$ and wait for the down move tomorrow.

nyc jk 16:47 GMT September 8, 2004 Reply   
valdez - think you are on the wrong forum, if your first lot goes against you aren't you supposed to double, triple up instead of wait or close? lol nah seriously, good advice in your post.

QC Swap 16:47 GMT September 8, 2004 Reply   
Now took short pos. EUR/USD

San Diego Devi 16:46 GMT September 8, 2004 Reply   
Los Angeles SS;

2 PM Eastern

Calabash TarHeel 16:41 GMT September 8, 2004 Reply   
Cairo Amgad 16:35 GMT September 8, 2004
Hello Amgad
USD/JPY may reach support 108.71 where it is good area to buy.

108.80 works for me.
gl,gt


quito_ecuador_valdez 16:41 GMT September 8, 2004 Reply   
In email I've gotten several questions of how I build and manage a trade. If it isn't a news day hype trade (today is a news day hype) I'm position trading. But be itposition or short term, my overall philosophy is the same. I put in 1 lot as a test when I think it's time. Then if it goes against me I wait or close. If it goes the way I want and I didn't close, and if I think it's on the way and will retrace, or about peaked (or valleyed for shorts) then I ad another lot...dealing with 1 lot at a time for now. As the move develops I add another lot and another lot etc.. When it starts to confirm itself as peaked out or valleyed out (move is mature) then I take what I feel will be about 1/2 my profit (close 1/2 my possies) then ride, then take 1/4 my profit after that if the move continues, then ride, and speculate usually on the last 1/4. This way I am profiting albeit not to the max, but not wagering my winnings either. I did this in stocks for years and it works for me. The idea is to wind up the week positive, as to how much positive, well, that's lady luck's firm embrase or just a peck on the cheek.

Los Angeles ss 16:40 GMT September 8, 2004 Reply   
Anyone, what time is the beige book being released today?

jkt-aye 16:40 GMT September 8, 2004 Reply   
Cah solo ... I'll contact you later friend.

romania nick 16:39 GMT September 8, 2004 Reply   
hi guys!has Greenspan finished speaking?
where do you see eur/usd if 1.2180 breaks?
tia

Dallas GEP 16:37 GMT September 8, 2004 Reply   
Took usd/cad long (light position) at 1.2900 TP @ 1.2940...stop 1.2860

GOES B747 16:36 GMT September 8, 2004 Reply   
I would suggest to take a look at charts that show 4HR moves of +/- 150pips move, from this point retracement of 50-60pips is not too crazy call.

it may go up some, but will bring the 50-60pips within 3-5 trading sessions or faster.

gt

Cairo Amgad 16:35 GMT September 8, 2004 Reply   
hello my friends;
USD/JPY may reach support 108.71 where it is good area to buy.

EUR/JPY may reach resistance 133.30.
Gl GT

EUR/USD may reach resistance 1.2213

GOES B747 16:32 GMT September 8, 2004 Reply   
avrtaged short EUR/USD @ 1.2169

s/l @ 1.2187
t/p @ 1.2085
will review @ 20:45-20:55 GMT

took a position that says "beige book will not break USD"; we will see.

gt

hk ab 16:28 GMT September 8, 2004 Reply   
This time I add to the short eur 1.2180.

quito_ecuador_valdez 16:24 GMT September 8, 2004 Reply   
I don't like this, closed shorted 2 lots EUR/USD from 1.2162, at 1.2168 for 5 pip X 2 lot loss. Will wait and see what happens here..to me this is not stable enough yet to trade.

Indonesia-Solo Raden Mas 16:22 GMT September 8, 2004 Reply   
before I am off I inform you. eur/usd have touch 1.2186. be carefull with 1.2186..maybe as the top.

quito_ecuador_valdez 16:18 GMT September 8, 2004 Reply   
Yea, Tim, for some weeks now the EUR/USD chart has been very blocky..straight up..plateau, straight down then repeats itself. If you are not a day trader it's super, just wait it out by the week 'til it hikes or plummets then close...no fuss no muss. MY Intellicharts are up and running, (link in Data and Tools at right I think) try them. Thus far never saw much prob with them.

Indonesia-Solo Raden Mas 16:15 GMT September 8, 2004 Reply   
thanks you for all.
none know what happen with me now. I got support from you here, but in fact I got angried from my client, loose the train in gbp/usd. I only ask to myself with word "why". I think wrong in decision flow chart system.too many head to think, so make me confuse and make me NATO.
Now you can laugh/happy but I am "cry" here.
If someone here can help me and trust me with all of my mind, maybe can help me . I want to work in foreign bank as TA.
send me via email.

GOES B747 16:14 GMT September 8, 2004 Reply   
imo & fwiw, shorting EUR/USD at this price area with s/l above 1.2180 looks like a very good move.

gt

wisconsin tim 16:13 GMT September 8, 2004 Reply   
quito,
sure does seem like we've been here before. Can't get charts up, but weren't we around the low 2000's about a month ago with a pop up around 2130 before the next day tank to sub 2000 in the EUR

hk ab 16:12 GMT September 8, 2004 Reply   
The hidden mission here by the operators is to create a key-day reversal on eur/jpy if possible while all are eyeing on eur.

Gold Coast martin 16:11 GMT September 8, 2004 Reply   
The key word here is:RETRACEMENT...this should start occuring as soon as this political circus scoring over.....top 12168 back to 12020 .....11950 still on target but we may have to wait for an extra day.....g/t

Calabash TarHeel 16:11 GMT September 8, 2004 Reply   
Dallas GEP 16:03 GMT September 8, 2004
Shorted gbp/jpy 195.43..stop 195.83 target 194.60

Should work. Really think 195.90 should cap it.

Good Luck Friend

quito_ecuador_valdez 16:09 GMT September 8, 2004 Reply   
shorted 2 lots EUR/USD @ 1.2162, stop at 1.2172 for the ride back down. Once I percieve a downward chart I'll add more shorts or close if I don't. Seems to me as poster below indicated that Greenie said overall USD positive things (albeit fuzzy as usual) and I think this long was knee jerk. Will probably get out 30 mins before beige book news and replace my play with hedge/stops to autopilot today again. Day trading intrigues me but I still get the woozies.

Dallas GEP 16:07 GMT September 8, 2004 Reply   
Actually stop should be 195.93 ( i have 10 pip spread)

hk ab 16:03 GMT September 8, 2004 Reply   
gold (bid) is still under 400 with eur at here.....

Dallas GEP 16:03 GMT September 8, 2004 Reply   
Shorted gbp/jpy 195.43..stop 195.83 target 194.60

Lisbon nb 16:03 GMT September 8, 2004 Reply   
100% agree with you .Thank you Raden.

what about shorting USD/CAD

wisconsin tim 16:02 GMT September 8, 2004 Reply   
Geneva DC 15:54 GMT September 8, 2004

noone on this board remembers the good ones they just whine after the bad ones.

... you forgot 20 pip wrap post ... forgot who did that one good call as well

quito_ecuador_valdez 16:01 GMT September 8, 2004 Reply   
Geneva, Raden mas is a good poster and trader and we all appreciate him. If I were to have made the same call (which I refuse to do here) as Raden did it would have been luck and luck makes heros (til luck makes the same hero a chump). That 's why I don't wager or do much soothsaying, I place hedge/stops and let autopilot do the rest while I brew up a fresh pot of coffee. If nothing happens then I lose some pips but not many.

Surabaya Medallion 16:01 GMT September 8, 2004 Reply   
Yes, the title for Mr AG speech is misleading. Well, count it as One-Zero for USD bearish today :)

Budapest Daniel 16:00 GMT September 8, 2004 Reply   
I've always wanted to say thank you for all of the good suggestions that Raden Mas. gives us. So thank you for very much for the professional advices Raden. Your're one of the priceless guys here. Esspecially for a beginner just like me.

Geneva DC 15:58 GMT September 8, 2004 Reply   
a real "Greenspan"ner
THROWING A greenSPANNER INTO THE WORKS

1. A metal hand tool that has an opening (sometimes an adjustable one) or various sizes of openings at one or both ends and which is used for gripping, tightening or loosening nuts, bolts, etc. US equivalent=wrench
Idiom: a spanner in the works
A frustrating, annoying, irritating, etc person or thing.
Idiom: throw a spanner in the works (put, chuck etc a spanner in the works)
To frustrate, annoy, irritate, etc, especially by causing a plan, system, etc that is already in place to change.

London ar 15:56 GMT September 8, 2004 Reply   
Dallas GEP 15:48 GMT September 8, 2004
Although the intial statement were USD negative...IMO Greeny said nothing but USD positive things after that so I expect the usd position to pull back near pre-greenspan speech levels. MArket will decide this of course but that's my take

i agree too - the implications are that rate hikes are still imminent in the near term but the concern is how aggresive this would in the future

Geneva DC 15:54 GMT September 8, 2004 Reply   
how come nobody is toasting to raden mas for his great calls in EURUSD (1.2027 up from there) and USDCAD shorts (risk 1.2945)?
Does the lack of cheer imply he was "just lucky"?

quito_ecuador_valdez 15:52 GMT September 8, 2004 Reply   
closed 5 lots @ 1.2168 (from 1.2043) = +125pips
hedge trade that stopped out: 1.2168 = -20 pips closed 5 lots @ 1.2188.
125-20=105 pips net using hedge/stops(constantly changing). I use limits on this type of trade but set them high so as not to close too early..risky tho if connection lost or platform freezes.

QC Swap 15:51 GMT September 8, 2004 Reply   
Dallas GEP 15:48 GMT

I agree.

Dallas GEP 15:50 GMT September 8, 2004 Reply   
USD/CAD appaers to be being bought on dips so a long from 1.2890 might work nicely

Sydney Alimin 15:49 GMT September 8, 2004 Reply   
here we go again this infamous 1.2170 euro black hole :)

Dallas GEP 15:48 GMT September 8, 2004 Reply   
Although the intial statement were USD negative...IMO Greeny said nothing but USD positive things after that so I expect the usd position to pull back near pre-greenspan speech levels. MArket will decide this of course but that's my take

Cairo Amgad 15:47 GMT September 8, 2004 Reply   
GBP/USD may reach resistance 1.8040.
USD/CHF may reach Support 1.2562.
EUR/USD may reach resistance 1.2223
I do not see selling signals yet.
GL GT

Beijing Laowen 15:46 GMT September 8, 2004 Reply   
taipei jim 15:43 GMT September 8, 2004 //
On my platform 1,2026(bid) is the low of today. FYI and GL

Dallas GEP 15:45 GMT September 8, 2004 Reply   
YEP Daniel...probable

Spotforex NY 15:44 GMT September 8, 2004 Reply   
taipei jim 15:43

1.2026 bid/ 29 offer on some retail platforms....

like you are stopped out.

Toronto Silverfox 15:44 GMT September 8, 2004 Reply   
sorry jim 1.2026 is the low today

taipei jim 15:43 GMT September 8, 2004 Reply   
can anybody tell me the firm low of eur today. i leave my s/l oda at 1.2030 and i don't know if i am triggered. tks for help.

Budapest Daniel 15:43 GMT September 8, 2004 Reply   
what do you think guys, is there a chance that the eur/usd will go down near to 1.2100 today?

quito_ecuador_valdez 15:43 GMT September 8, 2004 Reply   
GOES// could you elaborate on your last post please amigo? Beige Book is not AG, it's the "whole fed"'s opinion of things.

Cairo Amgad 15:42 GMT September 8, 2004 Reply   
Ina co'z 15:31 GMT September 8, 2004
how r u my friend, good to hear from you.

Good call my friend, GL

Beijing Laowen 15:42 GMT September 8, 2004 Reply   
Just took the Euro train from 1.2071 through 1.2169,now off and will keep flat and see if 1.2220 can be broken up.

hk ab 15:42 GMT September 8, 2004 Reply   
747// your current view on USD appreciated.

I added 1.7750 and just closed 1.79.
so netted 150 pips tonight to help to maintain the long gbp @1.82.....

London, where's the 1.65 view now?

Will do the bid lower later.

shorted eur 1.2162.

GOES B747 15:39 GMT September 8, 2004 Reply   
imo, chances are very low for today's AG movie to end without very rosy end.

gt

QC WC 15:35 GMT September 8, 2004 Reply   
Nice call on GBP Farmacia.

Ina co'z 15:31 GMT September 8, 2004 Reply   
IMO...resistance for cable at 1.7922...gl/gt...!

quito_ecuador_valdez 15:30 GMT September 8, 2004 Reply   
My long EUR/USD still in, looks like we're recouping a low of recent week of 8-31~~9-3. Again, nothing big, just retracing what happened 9-3.. range (and profit). No joy..the US needs a cheap dollar (1.25+) with continued slow decline as Biscuit Boy mentioned a month ago to maintain lifestyles.

melbourne farmacia 15:25 GMT September 8, 2004 Reply   
QC WC - maybe

quito_ecuador_valdez 15:21 GMT September 8, 2004 Reply   
Mr/Ms --, if you want to advertise contact global-view.com, this is not a forum for free advertising.

quito_ecuador_valdez 15:18 GMT September 8, 2004 Reply   
1800 GMT US Sept Fed Beige Book. For those who need to know, the "Beige Book", is a report published eight times/year. Each Federal Reserve Bank gathers anecdotal information on current economic conditions in its district through reports from bank and branch directors and interviews with key business contacts, economists, market experts, and other sources. The Beige Book summarizes this information by district and sector. An overall summary of the twelve district reports is prepared by a designated Federal Reserve Bank on a rotating basis. Although logically "important" in evaluating the USD's flight path, no one really "knows" which way the mkt will go. Toss a coin, put in 1 play with a hedge, both with 15-20 pip stops; like minutes ago, likely one will win.

QC WC 15:17 GMT September 8, 2004 Reply   
Farmacia, would you short at 1.7896 if seen?

melbourne farmacia 15:12 GMT September 8, 2004 Reply   
If Gbp/Usd has good rally legs...top end of daily range 1.7896.

Budapest Daniel 15:11 GMT September 8, 2004 Reply   
Cairo I think you've won much more with that 30+ than me ;)

Cairo KS 15:05 GMT September 8, 2004 Reply   
Congrats Budapest
I am a bit paranoid so i was only happy with 30 =)

Ina co'z 15:04 GMT September 8, 2004 Reply   
Cairo Amgad 14:46 GMT September 8, 2004

Nice call....my friend..!

quito_ecuador_valdez 15:04 GMT September 8, 2004 Reply   
This is just knee jerk range working. KLooking at the 5 day EUR/USD chart, it was "set up" to do this with eur/usd shorting a few days. The USD itself is just about the way it wasMonday, good example of knee jerk (stress the word jerk) paranoids who make the market. The Beige book is coming up next, let's see what they do with that one too. Just setting plays and hedges with 20 pip stops..netted out OK minutes ago.

Chicago Goofy 15:03 GMT September 8, 2004 Reply   
Whats happened? I dont believe AG would say sth wrong..Just got up and wanted to see 1.19XX.

Anyone can give me the link from GVI mentioned below?

melb MA 15:01 GMT September 8, 2004 Reply   
hmmm, gbp recovered all its losses from yest......looks toppish with tight stop above 48.......

NYC PCM 15:00 GMT September 8, 2004 Reply   
EUR/USD

Well if this turns out to be anything else than an AG driven flash in the pan then I'll have to re-evaluate my analysis.

Eilat Dolphin 14:57 GMT September 8, 2004 Reply   
GVI/ Thanks for the LINK. So much better and faster to read than hear...

Babuyan Isl MGW 14:56 GMT September 8, 2004 Reply   
What time will granpa finish his speech? anyone?

Eilat Dolphin 14:55 GMT September 8, 2004 Reply   
Hi Valdez! No, not everybody has an opinion about the direction of the $ etc.
I don't have one.
In fact I never had one.
I simply do my best to follow the stream.
The Sardine Strategy it is.
%^)

Budapest Daniel 14:54 GMT September 8, 2004 Reply   
NYC

Sorry I dont understand... :)

quito_ecuador_valdez 14:50 GMT September 8, 2004 Reply   
GEP, judging from what I read this morning about what FX folks predict Greenie will come up with in his bag of tricks, it varies from no interest rate hikes to yes-Sept interest rate hike. The "expert" views on what his comment will be vary widely as well. So we'll have to wait and see. In addition, soothsayers (called "analists" to give them more umph) say the buck is doomed to lose more value in the long run yet others say the ride down is over and that we can start seeing XXX/USD pairs shorting. Depends on the pair too..EUR is seen by some as weekening & therefore EUR/XXX will short yet others say EUR will gain muscle and long. Opinions are like -------s ..everyone's got one; those who actually BELIEVE all of what they read would be believing contrary views. Toss a coin.

NYC PCM 14:49 GMT September 8, 2004 Reply   
Budapest Daniel

Thanks

Sydney Alimin 14:48 GMT September 8, 2004 Reply   
LOL, everything is reversed by the same man again
dont you just love AG when he speaks? he is equal to every data thrown at the market

Budapest Daniel 14:47 GMT September 8, 2004 Reply   
I closed @ 1.2103... I've won 45 pips... Nice :)

nyc jk 14:47 GMT September 8, 2004 Reply   
pcm - text is already released, scroll down Global-view posted a link to it already.

Cairo Amgad 14:47 GMT September 8, 2004 Reply   
the speach link was done by GVI

Global-View GVI 14:33 GMT September 8, 2004

Cairo Amgad 14:46 GMT September 8, 2004 Reply   
eur/usd may go to resistance 1.2138

NYC PCM 14:46 GMT September 8, 2004 Reply   
anybody know if they releasee the entire text in one go or we have to wait for the words to come out of his mouth?

Syd 14:44 GMT September 8, 2004 Reply   
Greenspan implied the Fed sees no reason to accelerate the pace of "measured" interest-rate increases the Fed has followed since June. "Despite the rise in oil prices through mid-August, inflation and inflation expectations have eased in recent months."

Dallas GEP 14:42 GMT September 8, 2004 Reply   
Daniel possibly 1.2110

Budapest Daniel 14:41 GMT September 8, 2004 Reply   
so how far can we go with eur/usd?
1.2100 maybe?

Dallas GEP 14:40 GMT September 8, 2004 Reply   
Greenspan apprently hurting the dollar

nyc jk 14:38 GMT September 8, 2004 Reply   
thanks for that PCM.

SanFrancisco tg 14:38 GMT September 8, 2004 Reply   
Mas - what specifically do you mean should be done when you say "be careful" ?

Dallas GEP 14:38 GMT September 8, 2004 Reply   
Well one thing is for certain PCM, this will be IMO a VERY close race. There is no denying tho that the Republicans got a much bigger PUSH following their convetion that the Democrats did. I am sure that is of some concern PLUS if the democrats can't get more public sentiment for Kerry's DOMESTIC agenda and LESS focus on security issues, then BUSH will win.

NYC PCM 14:37 GMT September 8, 2004 Reply   
NYC JK

this is from the article:

"The poll, by Zogby International, reflected the state of play in 20 swing states, and found that the surge in George Bush's support there after last week's Republican convention, was less pronounced than the double-digits suggested in two weekend polls.

Those surveys, in Time and Newsweek, triggered alarm and finger-pointing in the Democratic camp, and a reshuffle in the Kerry team. But other surveys have since suggested the Bush convention "bounce" was much smaller and the contest remains a close one.

The Zogby poll says the president has made up ground in many of the 20 battleground states, but Mr Kerry retains a slim lead in most of them - enough to give him a majority in the electoral college, if the vote was held now."

Indonesia-Solo Raden Mas 14:35 GMT September 8, 2004 Reply   
be carefull with eur/usd when at 1.2074 or 1.2085

Global-View GVI 14:33 GMT September 8, 2004 Reply   
Testimony of Chairman Alan Greenspan
Economic outlook
Before the Committee on the Budget, U.S. House of Representatives
September 8, 2004...see LINK

nyc jk 14:33 GMT September 8, 2004 Reply   
PCM - which poll has Kerry fractionally ahead? I have not seen any credible polls taken since the Republican convention showing Kerry ahead?

dc fxq 14:32 GMT September 8, 2004 Reply   
NYC PCM 14:29 GMT

Which poll, Zogby?????

Budapest Daniel 14:30 GMT September 8, 2004 Reply   
Cairo, I've done the same about 5 minutes ago.. Good suggestion! Good luck for everyone.

Indonesia-Solo Raden Mas 14:30 GMT September 8, 2004 Reply   
gbp/chf
down to 2605 to catch 1,2707

quito_ecuador_valdez 14:30 GMT September 8, 2004 Reply   
The link I just posted about Greenie's testifying today is from a newsletter I get in my Yahoo mail. I will post the content itself on the HELP forum in a couple minutes as it is too long for here. Sorry for the link glitch, dunno why it happens this way.

NYC PCM 14:29 GMT September 8, 2004 Reply   
Dallas GEP

Actually the latest poll has Kerry fractionally ahead. The 2 showing a 10 pt lead for bush were done over the weekend and were apparently less reliable because of the holiday weekend.

It would seem that Kerry is statistically certain to win however. According to Burke's Peerage the candidate with the strongest royal blood lines has won every single Presidential election in the US. In this case that's Kerry it would seem.

Bizarre .................

Cairo KS 14:29 GMT September 8, 2004 Reply   
quito

please tell me u r not linking to your mailbox account!!

Cairo KS 14:27 GMT September 8, 2004 Reply   
Dallas

To FX it simply means eur/usd longs will be very happy for the long term ! they will make around 70,000 pips
on a serious note here is my current eur/usd suggestion
Put to stop orders,one stop buy and one stop sell both 20 pips apart from current price

that way you go with the flow safe and sound and a sure win !

Indonesia-Solo Raden Mas 14:27 GMT September 8, 2004 Reply   
usd/cad.
sell now at 1.2933 stp if show 1.2945
tp 1.2845

Dallas GEP 14:24 GMT September 8, 2004 Reply   
For those not aware, Bush has about a 7 point lead in the polls. If the terrorist activities are as active around election time as they have been recently...Bush will be re-elected bottom line. What that will mean for FX trading howver is uncertain.

Rio 14:23 GMT September 8, 2004 Reply   
Quito... the link is not working!

Thanks

quito_ecuador_valdez 14:17 GMT September 8, 2004 Reply   
Here's a page full of predictions and soothsayings about Greenie's speech forthcoming today. They vary widely. Like buttonholes, everyone's got one.

melbourne farmacia 14:03 GMT September 8, 2004 Reply   
hk ab 02:02 GMT September 8, 2004
I'll respond to market conditions on the 1.76 approach & fwiw the lower end of my daily range sits at 1.7653. GT

Indonesia-Solo Raden Mas 13:58 GMT September 8, 2004 Reply   
eur/usd have touched 1.2037 and seem ready for up.
sorry for my often post.
I am flat now.

Indonesia-Solo Raden Mas 13:56 GMT September 8, 2004 Reply   
usd/cad.
not thinking about above 1.2942.
will get 1.2915 soon for confirmation to go 1.2844

Dallas GEP 13:54 GMT September 8, 2004 Reply   
Greenspan 37 minutes

Indonesia-Solo Raden Mas 13:53 GMT September 8, 2004 Reply   
eur/usd maximal 10 minutes fromnow to catch 1.2037 before move up fast.
short term.

Indonesia-Solo Raden Mas 13:52 GMT September 8, 2004 Reply   
aud/usd will get soon 0.6878.

Indonesia-Solo Raden Mas 13:49 GMT September 8, 2004 Reply   
sell aud/usd to get 0.6849 = bottom.

Gold Coast martin 13:48 GMT September 8, 2004 Reply   
DEFINITELY... in previous post of 2hours ago i have entry of 10945 with target of 11035..all you doing is reversing this position..g/t

Indonesia-Solo Raden Mas 13:47 GMT September 8, 2004 Reply   
eur/usd. 1.2057 is minor ,but major is 1.2069. maybe 1.2069 will be touch as top.

GOES B747 13:45 GMT September 8, 2004 Reply   
Gold Coast martin 13:42 GMT September 8, 2004

thank you for your view.
will it be wise to consider the same time shorting USD/JPY 15mins after EUR/USD prints 1.1980-1.2000?

gt

Indonesia-Solo Raden Mas 13:44 GMT September 8, 2004 Reply   
usd/cad. buyers level short term trade at 1.2913. but not much.
eur/usd maybe move up from 1.2037 for 1.2057

Dallas GEP 13:44 GMT September 8, 2004 Reply   
But....I would wait until AFTTER greenie speaks

Dallas GEP 13:43 GMT September 8, 2004 Reply   
YEP B747,,,,I think that can be held with @ 1.2010 stop too.

Gold Coast martin 13:43 GMT September 8, 2004 Reply   
...WITH time frame 14 hours...g/t

Gold Coast martin 13:42 GMT September 8, 2004 Reply   
B747..It is logical as it will coincide with the upcoming retracement after ALs speech....wait until after speech and you may get better entry level than 12030.....11970 entry with a target of 12050-60 as posted earlier on....g/t

Indonesia-Solo Raden Mas 13:39 GMT September 8, 2004 Reply   
LA fxnew 13:34 GMT September 8, 2004
I don;t thinking baout 1.76xx. only 1.7702. but input from Mr_co_Z about 1.7685 is good too.

GOES B747 13:37 GMT September 8, 2004 Reply   
I consider to take long EUR/USD @ 1.2030 (if seen) for 65pips within less than 24HRS

looks logic to someone?

gt

Indonesia-Solo Raden Mas 13:36 GMT September 8, 2004 Reply   
up move usd/cad have finished at 1.2942 to think about bottom 1.2844 from there. hold sell.

Indonesia-Solo Raden Mas 13:34 GMT September 8, 2004 Reply   
gbp/usd have touched 1.7745, maybe from there go to 1.7702.

Sydney Alimin 13:34 GMT September 8, 2004 Reply   
Raden Mas, are you holding the market's remote control today? :) good call though

GOES B747 13:34 GMT September 8, 2004 Reply   
roma ana 13:32 GMT September 8, 2004

but, it is better to be among many smiling/crying faces than to have other feeling than the people who share this world with you :-)

gt

LA fxnew 13:34 GMT September 8, 2004 Reply   
so raden; what is your overall target for gbp/usd today?
1.76xx ? or 1.78xx ??

Thanks

Livingston nh 13:33 GMT September 8, 2004 Reply   
BoC - rate up 1/4 to 2.25

roma ana 13:32 GMT September 8, 2004 Reply   
raden mas:i went long on eur/usd.many traders expects greenspan to raise usd but sometimes when everybody expect the same thing it happens contrary.

Indonesia-Solo Raden Mas 13:29 GMT September 8, 2004 Reply   
yes. usd/cad have touched 1.2942.
maybe go down. sell.

London 13:29 GMT September 8, 2004 Reply   
US Treasury Investors Turn Bearish market talk

Indonesia-Solo Raden Mas 13:25 GMT September 8, 2004 Reply   
please keep your buy eur/usd while usd/cad get 1.2942.
maybe very interesting when usd/cad touch 1.2942.

Indonesia-Solo Raden Mas 13:24 GMT September 8, 2004 Reply   
usd/cad.
wow..

Dallas GEP 13:23 GMT September 8, 2004 Reply   
Market is OVERLY short on usd/cad Shorts are getting killed. This is DEFINITELY a buy on dips

Indonesia-Solo Raden Mas 13:19 GMT September 8, 2004 Reply   
eur/usd. difficult to below 2034. ready move up to get 2057 from there.

Syd EM 13:19 GMT September 8, 2004 Reply   
ICT ML whatever has happened there is no excuse for that bloodshed at a school and I do know the History of the Russian conflict I dont need a lesson from you .

leeds jb 13:19 GMT September 8, 2004 Reply   
how long will greenspan`s message be, before the market moves

Calabash TarHeel 13:18 GMT September 8, 2004 Reply   
GOES B747 12:58 GMT September 8, 2004
I love to trade this pair, but as you are aware it can be a real killer if you stay wrong too long. At this time my thoughts are that it has come almost straight down from 204.78 on 8/17. With the price of oil most probably staying $40+ for now, I think it will get a 200/250 pip upwards bounce from here then go thru a lower high, lower low descent from there. This is MVHO only, please take it as such.
Good Luck

Indonesia-Solo Raden Mas 13:18 GMT September 8, 2004 Reply   
roma ana 13:03 GMT September 8, 2004
I am sorry about my reply. don't keep in your mind pls. positive for you. :-)

PAR 13:18 GMT September 8, 2004 Reply   
With central banks all over the world raising interest rates ECB must be wondering if they are living on another planet or that Trichet looks in the wrong direction like with Credit Lyionnais.

Gold Coast martin 13:15 GMT September 8, 2004 Reply   
..Look for a 11035 level on the USD/JPY by end of ny trading...g/t

GA TJ 13:15 GMT September 8, 2004 Reply   
My Short USDCAD from ealier this morning just ain't happenin. closed at B/E. Was expecting a decent reaction from anouncement as well as 30 min techs.

Los Angeles ss 13:14 GMT September 8, 2004 Reply   
Thanks, Raden Mas.

ICT ML 13:14 GMT September 8, 2004 Reply   
Syd EM. 12:53 GMT September 8, 2004
I posted a brief bit of the history of the Chechnyan-Russian conflict in the Political Forum yesterday. Maybe You should read it before you make uninformed decisions and statements. The current atrocities in Chechnya started because of Boris Yeltsin and the Russian Army tactics of scorched earth policies in 1996.
Unfortunately since they are Muslims and just committed an unspeakable terroristic act nobody will care to remember what started it all...like the 8000 Russian artillary shells per hour hitting Grozny killing 25-50,000 men, women and school kids.
Viies knows what the truth is.

Currency wise still looking for 1.2675 $CAD but moving trailing stops to 1.3000 for now and may get flat before Greenspan talks.

Indonesia-Solo Raden Mas 13:13 GMT September 8, 2004 Reply   
Los Angeles ss 13:07 GMT September 8, 2004
1.7702.. bottom

London 13:11 GMT September 8, 2004 Reply   
US ECON: Redbook Sales Down 1.1% in August Vs. July

Los Angeles ss 13:07 GMT September 8, 2004 Reply   
Raden Mas -- cable now?

Syd EM 13:06 GMT September 8, 2004 Reply   
Tallinn viies terrorists

Indonesia-Solo Raden Mas 13:06 GMT September 8, 2004 Reply   
roma ana 13:03 GMT September 8, 2004
I got difficult to answer about time frame. I suggest you to follow my number totaly or againts totaly. dont follow or againts only half.

Indonesia-Solo Raden Mas 13:03 GMT September 8, 2004 Reply   
usd/cad.
difficult to go below 1.2893 or 1.2879.
remind you that 1.2942 not yet be touched.
focuse on buy !!

Dallas GEP 13:03 GMT September 8, 2004 Reply   
closed usd/cad shorts at +15

roma ana 13:03 GMT September 8, 2004 Reply   
raden mas:what frame of time recomend for a beginner?day trading or long term.thanks again for your kind.

Global-View GVI 13:02 GMT September 8, 2004 Reply   
Bank of Canada raises target for the overnight rate by 1/4 percentage point to 2 1/4 per cent

OTTAWA–The Bank of Canada today announced that it is raising its target for the overnight rate by one-quarter of one percentage point to 2 1/4 per cent. The operating band for the overnight rate is correspondingly increased, and the Bank Rate is now 2 1/4 per cent.

Data received since the July Monetary Policy Report Update indicate that Canada's economic growth in the first half of this year was somewhat stronger than the Bank had been expecting, largely as a result of more robust external demand for Canadian goods and services. The Bank judges that the economy is now operating close to its production capacity. Core inflation, which was 1.9 per cent in July, is consistent with this assessment. Total CPI inflation, at 2.3 per cent in July, has remained above expectations, primarily because oil prices have been persistently higher than the Bank had assumed.

Looking forward, the Bank expects aggregate demand to grow at, or marginally above, the rate of growth of production capacity. With the economy operating close to its capacity, monetary stimulus needs to be reduced to avoid a buildup of inflationary pressures. In this context, the Bank decided to raise its target for the overnight rate.

Uncertainties around the economic outlook continue to relate primarily to three factors: the estimated size of the output gap, the future growth of Canadian exports and imports, and the overall effect on the Canadian economy of current and future movements in the world prices of oil and non-energy commodities. In conducting monetary policy, the Bank will continue to pay attention to these factors as it assesses the evolving prospects for pressures on capacity and inflation.

Information note:
The Bank of Canada's next scheduled date for announcing the overnight rate target is 19 October 2004.
The Monetary Policy Report will be published on 21 October 2004.

Indonesia-Solo Raden Mas 12:59 GMT September 8, 2004 Reply   
roma ana 12:47 GMT September 8, 2004
eur/usd .
be carefull when touch 1.2069. go there in short term trade.

Tallinn viies 12:59 GMT September 8, 2004 Reply   
)toronto Dr Unken Katt 12:55 GMT - try to sell euros but doesnt work quite well recently.
I think we will break out soon from 1,19-1,24 range and will move 500-600 points at least in same direction.
1,13 or 1,29....
dont care which way, personally right now I think after FED first move picture got to change

Dallas GEP 12:58 GMT September 8, 2004 Reply   
Shorted CAD 1.2919

GOES B747 12:58 GMT September 8, 2004 Reply   
Calabash TarHeel 12:50 GMT September 8, 2004

in general we see/play for the same, but I am very sceptic about 196.50 as 195.60/80 looks as max. on my screen.

the fact that Japan managed to stay only with symbolic stand on the terror road tells me that Japan (JPY) will make contract for oil supply with Russia (through Yukos) and will come as the big gainer from the current global mess; end of 1998 shows me kind of base to compare.

suonds possible to you?

gt

SanFrancisco tg 12:56 GMT September 8, 2004 Reply   
viies - I would think the odds are limited in that respect right now. But there is no doubt there will be heavier action from both sides, and Russia will not lose.

Mtl JP 12:55 GMT September 8, 2004 Reply   
MA 12:52 / the FED posts Al's remarks on its website as soon as he starts making them.

Dublin Flip 12:55 GMT September 8, 2004 Reply   
MA bloomberg.com will post things about as quick as they come through.

)toronto Dr Unken Katt 12:55 GMT September 8, 2004 Reply   
Hi Viees , whtas you take on euro, tia

Tallinn viies 12:54 GMT September 8, 2004 Reply   
Syd EM. 12:53 GMT - what do you mean?
you mean russian army who kills and rapes in chechnya or rebels?

Indonesia-Solo Raden Mas 12:54 GMT September 8, 2004 Reply   
roma ana 12:47 GMT September 8, 2004
I think eur/usd will stay when gbp/usd go down.
I look eur potential go to 1.2131- 1.2144

Syd EM. 12:53 GMT September 8, 2004 Reply   
Tallinn viies anyone who can kill all those babies is capable of anything , no value of life what-so-ever

Los Angeles ss 12:52 GMT September 8, 2004 Reply   
Raden Mas -- what will GBP sell down to now?

melb MA 12:52 GMT September 8, 2004 Reply   
Can anyone recommend a free site that will post AG's comments asap?

Mtl JP 12:52 GMT September 8, 2004 Reply   
13:00GMT -- BoC rate and statement will be released here

Indonesia-Solo Raden Mas 12:51 GMT September 8, 2004 Reply   
yes !! gbp/usd have touched 1.7753

Calabash TarHeel 12:50 GMT September 8, 2004 Reply   
GOES B747 12:40 GMT September 8, 2004

That should cap it around 196.50 with a bias towards 190.00. Worth taking a shot.
Thanks

Tallinn viies 12:50 GMT September 8, 2004 Reply   
SanFrancisco tg 12:46 GMT - I wouldnt be suprised with such Russian attitude chechen fighters will blow off nuclear plant soon.

Indonesia-Solo Raden Mas 12:49 GMT September 8, 2004 Reply   
be carefull with gbp/usd when touch 1.7753. maybe sellers come.

roma ana 12:47 GMT September 8, 2004 Reply   
raden mas:for eur/usd,sorry.

Rio 12:47 GMT September 8, 2004 Reply   
Thanks NY

Gold Coast martin 12:46 GMT September 8, 2004 Reply   
Sydney Alimin 12:39 GMT September 8, 2004
..thanks......there is more downside installed for the aud and especially KIWI ..after they hike to 6.25....

NYC 12:46 GMT September 8, 2004 Reply   
Greenspan testifies at 14:30 gmt

SanFrancisco tg 12:46 GMT September 8, 2004 Reply   
Here is the quote from Russia that has everyone chatting ..."As for launching pre-emptive strikes on terrorist bases, we will carry out all measures to liquidate terrorist bases in any region of the world," General Yuri Baluevsky, chief of Russia's general staff, said, according to Russian news agencies.

Future events could really shake up financial markets, including oil.

roma ana 12:46 GMT September 8, 2004 Reply   
raden mas:how do you know 1.2025 could be a bottom?thanks.

Budapest Daniel 12:43 GMT September 8, 2004 Reply   
Will Greenspan talk at 2PM ET or GMT?

Rio 12:42 GMT September 8, 2004 Reply   
at what time Greenspan will talk??

Thanks

GOES B747 12:40 GMT September 8, 2004 Reply   
Calabash TarHeel 12:38 GMT September 8, 2004

imo & fwiw, the markets trying to push towards APR/04 pricing to establish lower lows.

gt

Sydney Alimin 12:39 GMT September 8, 2004 Reply   
good call on aud, martin

Calabash TarHeel 12:38 GMT September 8, 2004 Reply   
GOES B747 12:34 GMT September 8, 2004

Pretty much as I see it also.
Thanks
Take Care

GOES B747 12:34 GMT September 8, 2004 Reply   
Calabash TarHeel 12:31 GMT September 8, 2004

until 17/SEP/2004 my positions are for the following range:
188-196.20 with SELL bias.

gt

Calabash TarHeel 12:31 GMT September 8, 2004 Reply   
GOES B747 12:29 GMT September 8, 2004

Next few days to a week.
Thanks

Indonesia-Solo Raden Mas 12:30 GMT September 8, 2004 Reply   
eur/usd have touched 1.2025...maybe bottom. be carefull. that is major support.

GOES B747 12:29 GMT September 8, 2004 Reply   
Calabash TarHeel 12:25 GMT September 8, 2004

good afternoon,

what is the time frame you are after?

gt

QC Swap 12:29 GMT September 8, 2004 Reply   
I'm out until Greenspan speaks.

Sydney Alimin 12:28 GMT September 8, 2004 Reply   
hoping to see swissy 1.28 today, but perhaps not before AG speaks

Calabash TarHeel 12:25 GMT September 8, 2004 Reply   
GOES B747

Hello B747
Any thoughts on gbp/jpy yet?
Tia, gl,gt

Global-View Survey 12:15 GMT September 8, 2004 Reply   

If you are a "reasonably" experienced trader and would like to participate in our bi-weekly forex survey, send an email to [email protected] This is not meant to be a slight to our general membership but we are limiting participation as we develop this survey. We will consider a general survey after we build a history in this one.

Indonesia-Solo Raden Mas 12:11 GMT September 8, 2004 Reply   
usd/jpy.. 109.91 is top ?

Sydney Alimin 12:11 GMT September 8, 2004 Reply   
i'd rather be cautious, it ain't over yet

Indonesia-Solo Raden Mas 12:07 GMT September 8, 2004 Reply   
also gold.. have got 405.60.
buy level.!!

Indonesia-Solo Raden Mas 12:05 GMT September 8, 2004 Reply   
usd/cad.
let's go to top 1.2942

Indonesia-Solo Raden Mas 12:01 GMT September 8, 2004 Reply   
usd/cad.
only have 2 minutes again ... up from 1.2912.

Indonesia-Solo Raden Mas 11:59 GMT September 8, 2004 Reply   
eur/usd when touch 1.2042. sell ! tgt 1.2025.

Indonesia-Solo Raden Mas 11:51 GMT September 8, 2004 Reply   
you have seen gbp 1.7730 . I only predict about 1.7721.
have a nice you.

GOES B747 11:48 GMT September 8, 2004 Reply   
Gold Coast martin 11:41 GMT September 8, 2004

boring it will not be :-)

gt

Los Angeles ss 11:45 GMT September 8, 2004 Reply   
Raden Mas -- Do you thing GBP will break 1.7720 this morning?

Dallas GEP 11:42 GMT September 8, 2004 Reply   
sorry guys 6815 anD 6820 shorts at 6786

Gold Coast martin 11:41 GMT September 8, 2004 Reply   
GOES B747 11:37 GMT September 8, 2004
Relating this to my previous post...if we see 119 tonite and a retracement back to 12050 than fridays data if dollar negative should see the weekly euro close at 12070 max....should dats be neutral or dollar positive than 11780 is our weekly close....right now the balance of point to an 11780 weekly close.....g/t

GOES B747 11:40 GMT September 8, 2004 Reply   
NYC PCM 11:39 GMT September 8, 2004

may your target will be the number :-)

gt

Sydney Alimin 11:39 GMT September 8, 2004 Reply   
Gold Coast martin 11:35 GMT September 8, 2004

i think this time it'd better take the second option, perhaps that will be this coming friday....or else it is harder and harder to challenge 1.17 low

NYC PCM 11:39 GMT September 8, 2004 Reply   
GOES

My target of around 3rd week of month is 11619.

Dallas GEP 11:39 GMT September 8, 2004 Reply   
closed eur/gbp shorts from 6920 and 6815 at 6786

Gold Coast martin 11:37 GMT September 8, 2004 Reply   
..SORRY ..that should read 12050...

GOES B747 11:37 GMT September 8, 2004 Reply   
any ideas about coming Friday's data (JUL/04 trade + PPI)?
does markets prepare the return towards 1.2150-1.2250 or preparing to shake hands with 1.1750-1.1850?


gt

Gold Coast martin 11:35 GMT September 8, 2004 Reply   
Sydney Alimin 11:30 GMT September 8, 2004
While the 119 is a distinct possiblity today it will also bring another two equations into play.....1.short term retracement may not be significant(possibly back to 1250}...2..further downside more significant than the bounce off 119 level(down to 11780}...g/t

GA TJ 11:34 GMT September 8, 2004 Reply   
FWIW Went Short USDCAD 1.2920. Small posi. Rate announcement play as well as TA.

Indonesia-Solo Raden Mas 11:33 GMT September 8, 2004 Reply   
eur/usd.
maybe buyers will act when touch 1.2025. better exit your sell position there. danger level !!

Ca LA 11:33 GMT September 8, 2004 Reply   
dc fxq 11:08 GMT September 8, 2004
Ca LA 10:55 GMT

what is your screen name


Mrhankrose at yahoo .com

Indonesia-Solo Raden Mas 11:32 GMT September 8, 2004 Reply   
usd/cad.
buy again when touch 1.2912. tp 1.2942 and cut reverse there.

Sydney Alimin 11:30 GMT September 8, 2004 Reply   
anyone going long swissy? what's the target for that one?

Sydney Alimin 11:27 GMT September 8, 2004 Reply   
that's it :) 1.19 coming for euro perhaps if we are lucky today

KL KL 11:26 GMT September 8, 2004 Reply   
Closed usdcad short for +10 pips , short audusd .6010 sl 15 above..looking for .6840 ..move sl gbpusd short to 1.7757 (at least have +10pips gain) looking to add more when 1.7720 broken

NYC PCM 11:25 GMT September 8, 2004 Reply   
EUR/USD

I don't see anything beyond very minor retraces on Euro between now and end of week.

Even then the retracement rally won't be very powerful.

We're basically full throttle down into 3rd week of month before a decent re-bound.

QC Swap 11:21 GMT September 8, 2004 Reply   
Closed my USD/CAD long for some few pips

Roumeli anka 11:21 GMT September 8, 2004 Reply   
GBPUSD is supported by rising GBPJPY and falling EURGBP for the momment

Indonesia-Solo Raden Mas 11:21 GMT September 8, 2004 Reply   
usd/cad 1.2942 is waited by sellers for action.

Indonesia-Solo Raden Mas 11:19 GMT September 8, 2004 Reply   
hello usd/cad players!!!
Ther is signal that chart will go to 1.2942. have got bottom at 1.2897.

Sydney gvm 11:15 GMT September 8, 2004 Reply   
Syd 11:02 GMT September

NO

GOES B747 11:14 GMT September 8, 2004 Reply   
good afternoon all,

currently, I see interesting scene; EUR/JPY is around the daily lows while GBP/JPY is around daily highs.

your views/opinions/suggestions are welcome.

tia & gt

Sydney Alimin 11:13 GMT September 8, 2004 Reply   
watch out for sudden drop, similar set up for euro

Sydney Alimin 11:10 GMT September 8, 2004 Reply   
cable's move is suspicious

dc fxq 11:08 GMT September 8, 2004 Reply   
Ca LA 10:55 GMT

what is your screen name?

Syd 11:08 GMT September 8, 2004 Reply   
Sydney Alimin many thanks

Sydney Alimin 11:06 GMT September 8, 2004 Reply   
Syd 11:02 GMT September 8, 2004

he is talking 1.17 and below now

Indonesia-Solo Raden Mas 11:06 GMT September 8, 2004 Reply   
Los Angeles ss 10:57 GMT September 8, 2004
I mean 1.7760 or 1.7777. sorry.
for now..thinking about 1.7730 from 1.7756

Indonesia-Solo Raden Mas 11:03 GMT September 8, 2004 Reply   
Los Angeles ss 10:57 GMT September 8, 2004
did you remember about how interesting gbp/usd when touch 1.7860 or 1.7877 yesterday?. in fact until too 1.7818. and about aud/usd about 0.6898 from 0.7954?
today you got second chance good level for sell. see my archieve.

Syd 11:02 GMT September 8, 2004 Reply   
Anyone know Max McKegg lastest view is he still talking 1.22-23 euro

Los Angeles ss 10:57 GMT September 8, 2004 Reply   
Raden Mas -- where do you see cable going from here?

Sydney gvm 10:56 GMT September 8, 2004 Reply   
woops stop on that DXz4 shoulda been 90.20

Ca LA 10:55 GMT September 8, 2004 Reply   
dc fxq 10:40 GMT September 8, 2004
Ca LA 08:58 GMT

Can U please contact me on msn or yahoo msger?

Indonesia-Solo Raden Mas 10:55 GMT September 8, 2004 Reply   
test

Sydney gvm 10:53 GMT September 8, 2004 Reply   
Got killed Friday night on my sell dollars/wear diamonds call but back for more

Really do feel this updraft in the $ is worth selling. Things aint right. This up draft for me is : position trade - sell $ Index Dec futures now @ circa 89.80. Stop below low of the year - 8754. So approx $2300 per contract.

Tallinn viies 10:47 GMT September 8, 2004 Reply   
good day all.
as yesterdays low taken, it seems to me that downside pressure may increase.
sold euros at 1,2055.
will reevalua if day,s high is taken out again...
target 1,1940/50 at the mom

London 10:41 GMT September 8, 2004 Reply   
The Australian dollar's 5% devaluation against the greenback since mid-August leaves it ripe for at least a two-to-three-day recovery. So expect a bounce by the weekend - the six-hourly momentum indicator now shows it's oversold. An inside day acts as pause in a trend or as the precursor of a potential trend change, which is why the daily range is often comparatively small as investors reassess their positions. On Tuesday, for instance, the Aussie's range was around 44 ticks. I agree it's always risky to buy into a rapidly falling market. But when an inside day is breached and the 60-minute chart shows the market to be making a bottoming formation, the risk is worth taking. Traders might buy the Aussie dollar around current levels of US$0.6918, expecting at least a bounce back toward the US$0.6974 Aug. 31 low and most probably toward the US$0.7000 psychological resistance zone. Above that lies the US$0.7030 area, which corresponds to the 38.2% Fibonacci retracement of the August to September decline. It's even possible the Aussie will rise as far as the 50% Fibonacci retracement at US$0.7075, but that will depend on the strength of the expected bounce
reuters.MSTA

dc fxq 10:40 GMT September 8, 2004 Reply   
Ca LA 08:58 GMT

Yes, quite happy with them too!

Sydney Alimin 10:25 GMT September 8, 2004 Reply   
AG might add more fuel to the burning fire of usd bull later today

NYC PCM 10:18 GMT September 8, 2004 Reply   
EUR/USD

Test of bottom of consolidation coming now. We might get a small bounce this time, but it should break today. Most cycles pushing hard down with little relief in sight

KL KL 10:16 GMT September 8, 2004 Reply   
Short gbpusd 1.7762..maybe too early but looking for 1.7680 sl 20 above lets see how it goes. Also short usdcad 1.2922 sl 20 above looking for 1.2850. Nothing much until Uncle al speak, by then it is no secret of measured pace increase of .25

Cairo Amgad 09:53 GMT September 8, 2004 Reply   
GOOD Morning;

My posotions today:
BUY EUR/USD
BUY EUR/GBP
SELL USD/CHF
SELL GBP/JPY
BUY GBP/USD
This is valid now and till end of day 12:00GMT.USD/JPy and EUR/JPY are sell but their levels now does not encourage open new possitions.

GL GT

GER ad 09:52 GMT September 8, 2004 Reply   
AUD/CAD long,
1/2 position closed at 0.8941 and S/L for the rest moved at cost

YAhoo 09:38 GMT September 8, 2004 Reply   
ANy One offering Loan Please let me know!!

London 09:35 GMT September 8, 2004 Reply   
MOSCOW (AP)--A top military official Wednesday reasserted Russia's right to strike at what he called terrorists the world over. "As for carrying out preventive strikes against terrorist bases, we will take all measures to liquidate terrorist bases in any region of the world," Col.-Gen. Yuri Baluyevsky, chief of the Russian General Staff, told reporters.


Sydney gvm 09:15 GMT September 8, 2004 Reply   
This dollar rally looks rather staged to me. But then again I am more often wrong than right

NYC PCM 09:13 GMT September 8, 2004 Reply   
Morning all

EUR/USD

I think we should break this consolidation area (which we've been in since the Friday low) to the downside today.

I'm short from the 12100 area from yesterday and am looking to be a bout 110pts ahead by the end of the day.

Sydney gvm 09:12 GMT September 8, 2004 Reply   
PRESSLAND PULIZER

????

hk ab 09:11 GMT September 8, 2004 Reply   
nt// I had a long discussion with sp last night.

Have a well relaxed and nice holidays....
you know, I am very jealous of your trip.... esp. the pretty jap gals.

Tokyo nt 09:10 GMT September 8, 2004 Reply   
AB, BC -- Greetings from Japan. Many good trades...

YAhoo 09:09 GMT September 8, 2004 Reply   
I need help any one can
plz

PRESSLAND PULIZER 09:07 GMT September 8, 2004 Reply   
http://www.webcpa.com/WebCPA/index.cfm/txtFuse/dspShellContent/fuseAction/DISPLAY/numContentID/53518/numSiteID/12/numTaxonomyTypeID/10/numTaxonomyID/122.htm


http://www.journalnow.com/servlet/Satellite?pagename=WSJ%2FMGArticle%2FWSJ_BasicArticle&c=MGArticle&cid=1031777805773&path=!nationworld&s=1037645509161

GER ad 09:04 GMT September 8, 2004 Reply   
Look like some GBP/CHF buying, any news?

Ca LA 08:58 GMT September 8, 2004 Reply   
|O_A_N_D_A| ?

Ca LA 08:57 GMT September 8, 2004 Reply   
Sorry |censored|

CA LA 08:55 GMT September 8, 2004 Reply   


ANy one is trading with censored?
plz let me kn0W

London ADK 08:51 GMT September 8, 2004 Reply   
Babuyan Isl MGW - You have to buy it if you think it will go to 1.78. 1.7850 likely IMHO

hk ab 08:51 GMT September 8, 2004 Reply   
seems time for buying the 2nd lot of gbp is coming.

Babuyan Isl MGW 08:43 GMT September 8, 2004 Reply   
Cable 1.7770 seems like a good level to sell. comments? tight stop coz if this is broken, i think 1.7800 is easy to reach.

Gen dk 08:36 GMT September 8, 2004 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

KW fxstu 08:35 GMT September 8, 2004 Reply   
Los Angeles ss//
what do you think about Greenspan? What ll be its effect....

PAR 08:16 GMT September 8, 2004 Reply   
Democrats questions to Greenspan should be very important unless they do not want to win the elections.

paris jb 08:11 GMT September 8, 2004 Reply   
Los Angeles ss

u r right mate

Los Angeles ss 08:09 GMT September 8, 2004 Reply   
I think the next event up is Greenspan's testimony today starting at 1400 GMT which may move things.

Babuyan Isl MGW 08:07 GMT September 8, 2004 Reply   
ss, thank you for clarifying. i thought that is to be released today. LOL :)

Los Angeles ss 08:03 GMT September 8, 2004 Reply   
MGW -- I think that is 30 minutes plus 24 hours isn't it? Not for another day, on Sept. 9th.

Babuyan Isl MGW 07:58 GMT September 8, 2004 Reply   
Any comment on the effect on GBP/USD of the UK July Trade Balance to be released in 30 mins?

London 07:39 GMT September 8, 2004 Reply   
Tijuana
http://www.thepaperboy.com.au/welcome.html

good site

Tijuana 07:35 GMT September 8, 2004 Reply   
What would be the most up to the minute business news site on the web. I just started using computers am I have gotten very interested in everything that is going on.
Thanks

paris jb 07:26 GMT September 8, 2004 Reply   
sell gbp/$ at 17745

Beijing 07:22 GMT September 8, 2004 Reply   
hello everyone

London 07:21 GMT September 8, 2004 Reply   
With U.S. consumers falling deeper into debt, incomes barely keeping pace with inflation and the jobs market remaining relatively soft - despite last Friday's rise in payrolls - Greenspan will find it hard to justify being anything more than mildly upbeat. A good reason for Greenspan not to be too aggressive in his assessment: U.S. Treasurys. The last thing he will want to do is to raise hopes of further rate increases too far and prompt a decline in Treasury prices.
aap

Babuyan Isl MGW 07:18 GMT September 8, 2004 Reply   
paris jb 07:05 GMT September 8, 2004

Thank you. Babuyan is between Taiwan and the Philippines

Moskow 07:11 GMT September 8, 2004 Reply   

Reliable forex historical data
for trading system verification and precise technical analysis
Intraday data are presented since 1997

paris jb 07:05 GMT September 8, 2004 Reply   
Babuyan Isl MGW

GBP/$ IS clearing oversold condition on 4 hours chart, ranging so far , need a clear break of 17720 and 177 to go further south, for me bias still south but here not a good entry IMHO

btw where is babuyan?

PAR 07:04 GMT September 8, 2004 Reply   
Democrats should us the Greenspan testimony to underline he bad economic policies of the Bush presidency ,especially the gigantic deficit.Not sure whether Greenspans cheerleading will be enough to sent the dollar higher.

Vancouver BC WLV 07:01 GMT September 8, 2004 Reply   
Babuyan Isl.: Great to see somebody from that remote island, I used to live in the Phil.

London 06:54 GMT September 8, 2004 Reply   

options today ny cut
Euro 1.2095, 00
JPY 109.00
JPY 109.50*,65*.tokyo
E/AUD1.741(lge).
AUD 0.6950
AUD 0.7000

Babuyan Isl MGW 06:54 GMT September 8, 2004 Reply   
Any thoughts on GBP/USD? I personally think a move back to 1.7760 level is possible, then a retest of yesterdays low at 1.7705.

Babuyan Isl MGW 06:49 GMT September 8, 2004 Reply   
Any thoughts on GBP/USD? I personally think a move back to 1.7760 level is possible, then a retest of yesterdays low at 1.7705.

Tijuana 06:36 GMT September 8, 2004 Reply   
Which trading software is the best? There are so many I don't know witch to use.

paris jb 06:26 GMT September 8, 2004 Reply   
great :)

Dallas GEP 06:19 GMT September 8, 2004 Reply   
if=OF

Dallas GEP 06:18 GMT September 8, 2004 Reply   
Because if the level it was normal size with 20 pip stop and 40 pip TP

paris jb 06:16 GMT September 8, 2004 Reply   
wtg GEP, i hope u had ur regular size at this trade

Dallas GEP 06:15 GMT September 8, 2004 Reply   
OK still have those usd/jpy longs from MUCH earlier 109.85 (average 2/3's normal lot size in total). Eur/gbp shorts are in play.

Dallas GEP 06:03 GMT September 8, 2004 Reply   
JB, yeah we don't have a chance to screw it up!!! Took profits @ 1,2070 +40 that TOO was off original order

paris jb 05:55 GMT September 8, 2004 Reply   
Hi GEP,

welll we r often beter trader when we r away lol

Syd 05:54 GMT September 8, 2004 Reply   
Qindex must be having a great holiday

Dallas GEP 05:52 GMT September 8, 2004 Reply   
That 1,2110 order filled on my sell order while I was away on Eur/usd

Indonesia-Solo Raden Mas 05:46 GMT September 8, 2004 Reply   
GBP/USD
Level buy :
1.7586
1.7548
1.7526
1.7387

Level sell :
1.7776
1.7792
1.7829
1.7991
1.8088
1.8263
1.8321
1.8346

EUR/USD
Level buy :
1.2025
1.1934
1.1800
1.1714

Level sell :
1.2131
1.2143
1.2286
1.2379
1.2436



USD/JPY
Level buy :
109.16
108.52
107.38

Level sell :
109.54
109.63
109.91
111.15
111.36
112.15
112.24
112.76


AUD/USD
Level buy :
0.6849
0.6898
0.6798
0.6771

Level sell :
0.6931
0.6971
0.6959
0.7027
0.7065
0.7111
0.7154

GOLD
Level buy :
395.60
392.30


Level sell :
407.30
414.00
415.20
417.60
419.60
428.20




USD/CHF
Level buy :
1.2651
1.2643
1.2626
1.2538
1.2436
1.2379
1.2286
Level Sell :
1.2743
1.2784
1.2796
1.2820
1.2921

Syd 05:15 GMT September 8, 2004 Reply   
Analyst feel that it is unlikely that there will be any AUD selling with the sale. BA sale of Qantas shares.
IFR

Ina co'z 05:08 GMT September 8, 2004 Reply   
Hello all !...
isn't good for shorting cable, target 1.7685 with stop 1.7785 ?

tia..gl/gt..!

FloridA vv 04:57 GMT September 8, 2004 Reply   
http://www.newsru.com/

sorry its in russian, but the most reliable source of info.

Syd 04:56 GMT September 8, 2004 Reply   
Well whats caused the Aussie to fall just about the same time
Finance Minister Michael Cullen appears to have done it for the RBNZ announcing interest rate hike a day before the central bank dickhead

London 04:41 GMT September 8, 2004 Reply   
FloridA vv no doubt press exuberance

MOSCOW -- Tens of thousands of people across Russia took to the streets to protest against terrorism yesterday, as the unprecedented wave of bloody attacks during the past two weeks triggered some of the largest public demonstrations in more than a decade and fueled increasingly open criticism of the Kremlin.
The Kremlin longer has the iron fist Surpressing the situation as before

wisconsin tim 04:34 GMT September 8, 2004 Reply   
gep, was thinking the same thing @ 2110 but talked myself into waiting for 2125
gt's

FloridA vv 04:30 GMT September 8, 2004 Reply   
I ment they dont know what they are talking abt.
Thats far far away from the truth

Syd 04:30 GMT September 8, 2004 Reply   
AUD/USD Asian bids at 0.6910 option protection possible

London 04:28 GMT September 8, 2004 Reply   
FloridA vv report just out on skynews uk check it out nothing impossible

FloridA vv 04:26 GMT September 8, 2004 Reply   
London 04:00 GMT September 8, 2004
CIVIL WAR IN RUSSIA?

Bullsh..tt

London 04:16 GMT September 8, 2004 Reply   
GBP continues to suffer, hitting 3 month lows after a 0.5% drop in Industrial Output, continued weak numbers from the UK after last weeks dismal data on housing prices, retail sales and consumer credit are weighing heavily on the currency.
dismal is putting it mildly dissaster more like it.

Dallas GEP 04:16 GMT September 8, 2004 Reply   
Will be short eur/usd when 1.2110 is seen

Syd 04:01 GMT September 8, 2004 Reply   
Cairns cy thanks

London 04:00 GMT September 8, 2004 Reply   
Skynews

London 04:00 GMT September 8, 2004 Reply   
CIVIL WAR IN RUSSIA?
The only hostage-taker captured in the Beslan school siege has claimed the aim of the raid was to "provoke a war across the Caucasus". The area is striven with ethnic rivalries and people in North Ossetia, where the three-day siege took place, are already vowing revenge on the Ingush.
Investigators are reported to have said some of the 32 hostage-takers were from Ingushetia, which had been locked in a bloody war with North Ossetia 13 years ago.
The rebel leader allegedly behind the Beslan attack, Shamil Basayev, is also blamed for stirring ethnic strife in Ingushetia, with an armed raid in June in which 90 people were killed. Speculation also surrounds the role Muslims are playing in the region. A radical form of Islam is spreading throughout the North Caucasus, feeding off the unrest.
The suspected hostage-taker claimed his colleagues also included Arabs.
Others were Uzbeks and Chechens. Chechnya remains a volatile area where Islam has gained a strong foothold.

Dallas GEP 03:56 GMT September 8, 2004 Reply   
Caba the breakout area is 6835 NOT 6815

Cairns cy 03:54 GMT September 8, 2004 Reply   
from IFR

The
AUD/USD is testing yesterday"s low around 0.6910, as the AUD is getting sold
against a number of currencies including the JPY, EUR and NZD. The selling is a
delayed reaction to the weaker than expected Housing finance data that has
muddied the waters on when or if the RBA will hike rates again this year. A
break below 0.6910 targets trendline support between 0.6895/0.6900. The AUD/USD
trades 0.6911/16. [email protected]

London 03:49 GMT September 8, 2004 Reply   
Sensible take a look at the H & S target GBP has a habit off falling off the roof dating back to 1992 Remember ? not a currency to mess with , when it s.h.i.t.s itself it hits the fan

hk ab 03:49 GMT September 8, 2004 Reply   
gbp can survive the 1.76 line if eur/gbp gives up its wish to north.
We could see so many hands trying to save the eur/jpy from falling too hard, otherwise, the japs eur bunds profit will hurt the big time.

hk ab 03:47 GMT September 8, 2004 Reply   
now it's eyeing 74--> 72.50 --> 67.80-68 --> 62.25 (which I don't think will break this for this year.)

hk ab 03:46 GMT September 8, 2004 Reply   
Just help you to refresh my view:
hk ab lazy 23:32 GMT August 9, 2004
Sydney, if you scroll back aud/jpy chart and know where those japs start to buy up their favourite little bird aud/jpy, you will see now we are still under the broad SHS in weekly, unless a clean break and close above 80.30, we are still under this scenario.

With US and China demands slowing, the yield differential will become the ONLY support to current aud price.

And don't forget that japs are very good at crazy selling and buying, esp. when Sept repatriation is approaching.



hk ab 03:42 GMT September 8, 2004 Reply   
London, too wishful at the moment.
Where could your favourite aud, kiwi be if gbp trade 1.65?
aud = 0.58 and kiwi = 0.54?
Just need to be a bit more sensible.......

LA fxnew 03:34 GMT September 8, 2004 Reply   
london:

yes in couple of months

London 03:21 GMT September 8, 2004 Reply   
hk ab GBP is headed for 1.65 fwiw

Syd 03:20 GMT September 8, 2004 Reply   
Economist view - Westpac say Australia rate of housing finance too strong for RBA's liking, Credit growth, housing market turning corner at level too high for RBA's comfort zone after effect of 50-bps rate hike late last year fades. Adds more hikes needed to slow credit growth, Citigroup Head says Acceleration in Australian investor home loans in July something RBA wouldn't want to see ,housing finance numbers starting to show downturn in housing market "pretty mild and if anything it might be beginning to pick up again , continues expect more hikes before year end
reuters.

hk ab 03:18 GMT September 8, 2004 Reply   
you know, both the gold and aud/jpy plunge poorly after your cloud contra.
I would monitor this anti-usd (long gbp) trade carefully.
As said many times in gvi, Sept trades are dominated by japs upper hand.

hk ab 03:14 GMT September 8, 2004 Reply   
surely yes for the cable. waiting to see the chance for adding the 2nd entry.

736 mil. has no fx impact.....
Nothing has an impact then.

Also the story of cad building permit plunge a double fig last night was not shown too.....

London, I need your support on newswires but BOTH sides.

London 03:12 GMT September 8, 2004 Reply   
hk AB are you still long GBP/USD ??

London 03:08 GMT September 8, 2004 Reply   
hk AB you probably are not aware British Airways sale of its share 18.25% stake in Qantas should have no FX impact new purchaser group like Singapore Airlines or similar which is being aimed for , infact it could have a positive flow for the currency or at the most neutral . The big one you should be looking for is NAB sale of its overseas assets now in the pipe line some $11 Billion with it Irish section mentioned yesterday on CNBC.. FWIW


AUST CONSUMER SENTIMENT] Consumer sentiment surged to a fresh new decade high in Sept, rising 1.7% to 121.4 from 119.4 in Aug. Sentiment was seen propelled to its highest level since June 1994 and its second highest in 30 years. Despite petrol prices having risen a further 2.5%, the Aust dollar falling 0.7% and RBA warning of the need for higher rates after the last August survey, the resilience of Consumer sentiment in the country continues to surprise. The decade high sentiment emphasises the current robust momentum of the economy and confirms in our view the likely need for higher interest rates later this year
GFN


hk ab 02:25 GMT September 8, 2004 Reply   
london, why do you put up the bloomberg B.Airways selling Qantas stake news? Isn't that an "important" info?

Beijing Laowen 02:24 GMT September 8, 2004 Reply   
Dallas GEP 23:52 GMT September 7, 2004 //

I closed all my short EUR/GBP at 0.6770 yesterday because I felt this pair was potential to the upside as high as 0.7000.

hk ab 02:02 GMT September 8, 2004 Reply   
farmacia, do you still favour cable long at 1.76xx rather than at the mkt?

Probability of one more fall seems dropping.

hk ab 02:02 GMT September 8, 2004 Reply   
farmacia, do you still favour cable long at 1.76xx rather than at the mkt?

Probability of one more fall seems dropping.

Toronto EDP 02:01 GMT September 8, 2004 Reply   
Toronto MC......re. 4X Made Easy.

Check the archives...a million negatives !

Sydney Alimin 02:01 GMT September 8, 2004 Reply   
LA fxnew 01:55 GMT September 8, 2004

because it wants to go up and usd wants to go down :) seriously though market has its own reasoning, sometimes you just dont want to know the reason but to follow what's given to you

LA fxnew 01:55 GMT September 8, 2004 Reply   
what happened to dollar?
Why is gbp/usd moving up and no sign of going down?

Dammam A 01:28 GMT September 8, 2004 Reply   
nyc tony

Thanks for argument;really appreciated.

nyc tony 01:25 GMT September 8, 2004 Reply   
There are numerous factors to watch right now. Can gbp/jpy hold above 194.50, can euro hold above 1.20, has the eur/gbp topped out and also what session are we in now? the gbp wont move sharply until london comes in(probably. lol). IMHO I favor the gbp not breaking hourly resistance in large part due to the gbp/jpy. If that beast breaks 195. which I think will be tested or if the hourly trendline on gbp/$ breaks i will reverse. I would also recommend being flat when boc announces for obvious reasons. Hope this helps.

Dammam A 01:17 GMT September 8, 2004 Reply   
nyc tony
Hi ...
MACD's going up for GBP/USD;isn't it?
Best wishes

melb ma 01:10 GMT September 8, 2004 Reply   
I am looking for GBP to break 1.7800 initially and a tartget of 1.7858

res 1.7800, 1.7819, 1.7839
sup 1.7734, 1.7705, 1.7685

bearing this in mind, I am also looking at an initial break of 1.2100 in the EUR ( to hold for at least 1 hour ) and go long at 1.2125

nyc tony 01:05 GMT September 8, 2004 Reply   
LA fxnew:

Look at the hourly trendline coming down for fairly strong resistance There is a nice opprotunity to short currently.

LA fxnew 01:01 GMT September 8, 2004 Reply   
any comment about gbp/usd at this moment pls?

Thanks

nyc tony 00:55 GMT September 8, 2004 Reply   
back from a little party to see a convo about 4xmadeeasy. Toronto MC: fyi they have a class action lawsuit filed against them by their satisfied customers. good trades

quito_ecuador_valdez 00:53 GMT September 8, 2004 Reply   
Tks Syd for that. ;^>

Syd 00:49 GMT September 8, 2004 Reply   
quito_ecuador_valdez Aussie wont move alone plus most waiting for the housing data /jobs data - many long positions have now been cut already in the last week

GA TJ 00:44 GMT September 8, 2004 Reply   
Toronto MC 23:47 GMT September 7, 2004

Do search in the archives and I think your questioned will be answered.

quito_ecuador_valdez 00:44 GMT September 8, 2004 Reply   
That's weird. You'd think AUD would have bought more USD, it's totally uneffected after the news.

Syd 00:38 GMT September 8, 2004 Reply   
An index of consumer sentiment in Australia rose 1.7% in September from August to hit its highest level in 10 years. Index rose two points in September to 121.4 points, its second highest reading ever, according to compilers Westpac Banking Corp. and the Melbourne Institute. Westpac general manager of economics Bill Evans said consumers feel comfortable that they will be able to cope with an expected rise in interest rates later this year.
ABC.

quito_ecuador_valdez 00:37 GMT September 8, 2004 Reply   
depending on who's where...menu is for Sept 8.

quito_ecuador_valdez 00:32 GMT September 8, 2004 Reply   

TOMORROW'S MENU:

0030 Australia Sept Westpac consum conf index
0130 Australia July home loans (prev: -3.3%)
0600 Japan BOJ monetary pol. ancmn't.
0600 Japan Aug econ survey (prev: 54.3)
0730 Italy Aug bus. confidence (prev: 95)
1300 Canada BOC mon pol ancmnt.
1430 US Greenspan testifies
1500 CH Swiss Ntl Bnk Dir Hildebrand speaks
1800 US Sept Fed Beige Book
1900 US Cnsumr credit (prev: US$ 6.6 bln)
2100 NZ RBNZ monetary policy ancmn't
2350 Japan July curnt acct (prev: ¥1.280 trln)
2350 Japan July trade bal. (prev: ¥1.345 trln)

Syd 00:32 GMT September 8, 2004 Reply   
Australian Sep Consumer Sentiment Index Hits 10-Yr High

wisconsin tim 00:21 GMT September 8, 2004 Reply   
levels for tomorrow

Projections for 9/8/2004
Date Currency Close R1 Close S1 R1 High S1 Low
9/7/2004 AUDUSD 0.6948 0.6871 0.6983 0.6860
9/7/2004 EURGBP 0.6842 0.6795 0.6857 0.6750
9/7/2004 EURUSD 1.2129 1.2031 1.2148 1.2005
9/7/2004 EURYEN 132.61 131.48 133.12 131.40
9/7/2004 GBPUSD 1.7793 1.7625 1.7886 1.7612
9/7/2004 GBPYEN 194.60 192.50 196.62 192.28
9/7/2004 NDZUSD 0.6495 0.6412 0.6529 0.6400
9/7/2004 USDCAD 1.2919 1.2810 1.3040 1.2786
9/7/2004 USDCHF 1.2753 1.2645 1.2770 1.2613
9/7/2004 USDYEN 109.80 108.83 110.55 108.85

Philadelphia caba 00:04 GMT September 8, 2004 Reply   
Dallas GEP 23:52 GMT September 7, 2004

I've gone long on the breakout above key resistance at 0.6815...

 




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