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Forex Forum Archive for 06/1/2005

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Ldn 23:56 GMT June 1, 2005 Reply   
Concerns "No" votes in France and Netherlands on EU constitution may not be the last likely to weigh on EUR, dealers say; Morgan Stanley thinks U.K. leaders will likely pass on holding E.U. referendum next year, while Luxembourg PM Juncker has indicated he is "worried" about the referendum there on July 10.

los angeles ss 23:54 GMT June 1, 2005 Reply   
Thoughts on euro for the asian session?

Syd 23:44 GMT June 1, 2005 Reply   
Euro collapsing as community crumbles
From correspondents in New York
LINK

Analysts said the sharp rejection by the Dutch and the French raises questions about the future of the EU as a single economy and market.

"Sentiment for the euro is now that participants will be looking for any excuse to sell, rather than find reasons to buy," BMO Nesbitt Burns analysts said.
Some commentators even predicted the euro's eventual collapse following France's rejection of the EU constitution Sunday and an expected "no" in the Netherlands overnight

SanFrancisco analyst 23:43 GMT June 1, 2005 Reply   
Currently like short side of AudUsd from 7520 unless very clear shift of overall bias is present.

Melbourne Qindex 23:35 GMT June 1, 2005 Reply   
Most of major pair of currencies will under consolidation (range market) as suggested by my "Directional Indicator" which is available in my page.

Philadelphia Caba 23:34 GMT June 1, 2005 Reply   
For medium term trade just shorted aud at .7500 and left sell order for nzd at 0.7000. Will short more at higher levels for both if seen..

Ldn 23:33 GMT June 1, 2005 Reply   
http://www.forexnews.com/NA/default.asp?f=N20050601C.mgn

London. 23:32 GMT June 1, 2005 Reply   
Dutch No Adds to Euro Gloom by Ashraf Laidi
LINK

Sydney E.M. 23:29 GMT June 1, 2005 Reply   
The Australian Industry (Ai) Group's latest Performance of Manufacturing index fell 2.4 points overall to 50.5 during May 2005. The production decline was the second recorded in four months and the lowest reading since June 2003. New orders fell to a four-year low of 48.4 points, while the production index was 1.5 points lower, at 49.4. Exports have fallen back to about 21 per cent of manufacturing output. Ai Group CEO, Heather Ridout, has expressed concern about the new order intake
TheAge

Philadelphia Caba 23:27 GMT June 1, 2005 Reply   
Martin, if are you around....do you still see target .6200 on kiwi around end of 2nd Q 05, please? And if there is .7447 as last fund defense point on aussie, where is simillar point on kiwi? Thanks >!

Melbourne Qindex 23:25 GMT June 1, 2005 Reply   
Melbourne Qindex 23:11 GMT May 31, 2005
EUR/USD : After the market penetrated through the level at 1.2359 - 1.2368, we should keep an eye on the next targeting range at 1.2180 - 1.2229.

Bahrain Within 10 Pips 23:20 GMT June 1, 2005 Reply   
Thanks ATl...
Just seems not worth it...I still have a south trend though...
Good Night all
:)

Ldn 23:19 GMT June 1, 2005 Reply   
High turnout for Dutch voters rejecting E.U. charter is embarrassment for PM Balkenende's center right government. Unlike French President Chirac, who named a new PM after vote, Balkenende isn't expected to shake up government; but pollsters say odds are high of defeat in polls slated for 2007, with his approval rating at 19%. Dutch political landscape has had much upheaval in recent years: In 2002, anti-immigration politician Fortuyn killed 9 days before polls, triggering crisis that helped unseat Labor Party; Balkenende's first government, elected in 2002, lasted just 87 days. Political scene after 2003 ballot was so complex it took 5 months to build center-right coalition of 3 parties.

Atlanta South 23:18 GMT June 1, 2005 Reply   
Bahrain within 10//when in doubt sit in out or get out. Good trades to u my friend.

jeddah frank 23:18 GMT June 1, 2005 Reply   
Bahrain Within 10 Pips 23:01 GMT June 1, 2005
Jed/
If can trail till 1.1950...Might be good...Still have the trend as south


thankss

Bahrain Within 10 Pips 23:16 GMT June 1, 2005 Reply   
I think I am gonna chicken Out for a while...
Just a bad feeling...nothing else

Syd 23:11 GMT June 1, 2005 Reply   
ANZ Bank New Zealand cut some of it short-term fixed home loan rates Thursday, in a move that won't make the central bank's decision on monetary policy next week any easier.

ANZ said it is dropping its 20-month fixed-rate home loan to 7.55% from 7.69% previously

los angeles ss 23:06 GMT June 1, 2005 Reply   
Anyone think asia will sell the euro, maybe down to the day's lows again???

GER ad 23:06 GMT June 1, 2005 Reply   
All political movements have short legs. On May 2, GBP/CAD was 2.4050+ and EUR/CAD 1.6200+ because some difficulties in Canadian government CAD was sold against everything (today after only one month GBP/CAD 1400 pips lower and EUR/CAD 1000 pips lower) .
Now we have a political situation when EUR is sold against everything. Practical nothing is changed in “Old Europe”. The people just trying to say: Not so fast, we don’t want a super state jet and for the moment the economic alliance with some political ramifications is enough. How long will take until the market will forget this French and Netherlands “NO” is not clear. Some big market participants trying to produce a new trend (to cover loses…) using this vote as catalyst. They may succeed for some time but after all we must return to fundamentals and the EUR will be higher as today IMHO.
Longed EUR/GBP at 0.6730 S/L under figure.

Syd 23:06 GMT June 1, 2005 Reply   
EU Constitution Overwhelmingly Defeated By Dutch Voters

AMSTERDAM (AP)--Dutch voters worried about social benefits and immigration overwhelmingly rejected the European Union constitution Wednesday in what could be a knockout blow for a charter meant to create a power rivaling the U.S.

With nearly all votes counted, the charter lost 62% to 38%, an even worse defeat than the 55% "no" vote delivered in a French referendum Sunday

Political Forum Full Article------->>>>>>>

London. 23:04 GMT June 1, 2005 Reply   
Political upheaval in Europe still taking toll on EUR with EUR/USD at 1.2190 after falling to 1.2160 late in NY; latest catalyst was Dutch "no" vote on E.U. constitution - while they were expected to reject charter, strength of conviction a surprise. Result increases pressure for E.U. to return to drawing board. Bank of America's Robert Blake says Dutch poll triggered EUR/USD move below technical support near 1.2219, then break of 1.22. Referendum results "raise a lot of uncertainty in the minds of people for what the near term holds" for E.U.; "the bad news is not entirely priced in. The latest developments may shake some people out and contribute to further downside" for EUR.

Bahrain Within 10 Pips 23:01 GMT June 1, 2005 Reply   
Jed/
If can trail till 1.1950...Might be good...Still have the trend as south

jeddah frank 22:56 GMT June 1, 2005 Reply   
Bahrain Within 10 Pips 22:44 GMT June 1, 2005
hi
i took eur/usd short what your think about 1st target
thanks

Sydney E.M. 22:53 GMT June 1, 2005 Reply   
AUD/USD sinks below 0.7500 at opening to seven-month lows amid continued USD strength. Worse-than-expected GDP growth and record current account deficit in 1Q haven't helped AUD sentiment, already battered by euro weakness this week as both France and Netherlands reject proposed European Union constitution. Trade balance for April to be published today might provide further excuse to dump AUD if monthly export growth fails to match expectations

Ldn 22:44 GMT June 1, 2005 Reply   
Dubai I watch guys like Geneva Van Gecko shanghai BC Zorro , these guys have been correct on the Euro from way up there 1.36 and never wavered their views.


Tallinn viies that says it all exactly , the games not what it seems, infact it reminds me the FX market behind the scenes like FBI or KGB (invisible,masked) Good trades.

Bahrain Within 10 Pips 22:44 GMT June 1, 2005 Reply   
Did some Daily on Euro...
Seems Ready for a correction...or at critical Level to do that...but trend is south...so even if does make correction...say next week...will be slow North..maybe 1.24...
So maybe trail stops might be a good thing

Bahrain Within 10 Pips 22:36 GMT June 1, 2005 Reply   
So Dani...Been Trading for Long?

Tallinn viies 22:34 GMT June 1, 2005 Reply   
Alex VA dyz 22:29 GMT - wasnt born yet. and our universities doesnt enlighten that aspect of market history; ) want to share?

Bahrain Within 10 Pips 22:30 GMT June 1, 2005 Reply   
Just Kidding Dani...LOL
GT

Bahrain Within 10 Pips 22:29 GMT June 1, 2005 Reply   
Hi Dani... :)
My Name Dr. Hook

Alex VA dyz 22:29 GMT June 1, 2005 Reply   
Tallinn viies 22:11 GMT

You'd have done really well in the Toronto mining share market in the 1970's. :-)

SanFrancisco analyst 22:25 GMT June 1, 2005 Reply   
EurCHF 5300 proving to be the point of interest I thought it might be. Going to be paying fair attention to it in decisions.

dubai 22:24 GMT June 1, 2005 Reply   
hi,bahrin,my name is dani

Bahrain Within 10 Pips 22:24 GMT June 1, 2005 Reply   
Seems That the PL is Maginitized towards Positive Teratory

Tallinn viies 22:20 GMT June 1, 2005 Reply   
CHICAGO (Dow Jones)--U.S. auto makers reported disappointing sales in May, with overall industry sales coming in at an annual adjusted rate of 16.67 million vehicles, down from an adjusted rate of 17.71 million a year ago.

Sales also lost momentum from April.

dubai 22:19 GMT June 1, 2005 Reply   
ldn,thanks,as i understand,no one will know where it will go,am i right?

Tallinn viies 22:11 GMT June 1, 2005 Reply   
Ldn 22:04 - I remeber over 5 years ago when I worked for the banks here and made markers for local currencies then our only job at extrmes was to create illusion that evertyhing one way street. only to get enough liquidity get out of it no matter what as b/e was far far away and by squeezing local specs or corporates you got power ....
anyway, actually wanted to say that never trust FX market

dubai 22:08 GMT June 1, 2005 Reply   
i am thinking to buy it from here,any comments

dubai 22:06 GMT June 1, 2005 Reply   
hi,ldn,what do you think about the euro

Hong Kong Ahe 22:05 GMT June 1, 2005 Reply   
Stockholm AGuy 21:37 GMT - Pretty good responses. Appaused.

Ldn 22:04 GMT June 1, 2005 Reply   
Tallinn viies 21:58 at leasts small traders are wiser , thanks to the access of information and can protect oneself a little better , its not such a closed door as it was

dubai 22:03 GMT June 1, 2005 Reply   
hi,where the euro will go from here,anyone now

Ldn 22:01 GMT June 1, 2005 Reply   
Tallinn viies 21:58 yes completely.

Bahrain Within 10 Pips 21:58 GMT June 1, 2005 Reply   
Now only Looking at P/L...and having a prayer with coffee

Tallinn viies 21:58 GMT June 1, 2005 Reply   
Ldn 21:49 GMT June 1 - yes I know that. its their job to do the get paid later but from my point of view and I think you share my view that its more like kids play where there are for example 6 chairs and 7 people. when the music starts people must dance in circle behind the chair and when the music stops all the persons must take a seat. as there are persons than chair somebody got to stand.
in our our business somebody got to pay....
you know what I mean

Ldn 21:57 GMT June 1, 2005 Reply   
Posted the report on Financial Forum, and think this view will now spread to other nations, never mind what the Politicians say and UK will never join .

Foreign Min:EU Enlargement Fears Factor In No Vote
BUDAPEST (AP)--Fears about the enlargement of the European Union played a part in the French and Dutch rejections of the proposed E.U. constitution, Hungary's foreign minister said Wednesday.

GER ad 21:51 GMT June 1, 2005 Reply   
EUR/USD,
Look like I closed too early my long. Was hopping for a second chance to buy back lower again but...
On the way up we may see some resistance at 1.2210, 1.2240, and 1.2270
Much depends on USD/JPY with EUR/JPY hanging for the moment near 132.50

SanFrancisco analyst 21:50 GMT June 1, 2005 Reply   
philadelphia cnp 21:34 GMT June 1, 2005 - Thank you much cnp, glad I'm making maybe a little difference. :)

Ldn 21:49 GMT June 1, 2005 Reply   
Tallinn viies they push to extremes , not sure if they are happy yet !!

Tulsa 21:49 GMT June 1, 2005 Reply   
Toronto...very good trades!

Ldn 21:48 GMT June 1, 2005 Reply   
Manufacturing Contraction Hurts Both Euro and PoundMuch worse than expected manufacturing data from both EU and UK pushed the currencies to new 2005 lows in European trading tonight. EZ PMI data reported at 48.7 vs. 49 expected suggesting that the benefits of a lower euro, have yet to make a positive impact on European manufacturing demand. Meanwhile in UK the PMI Manufacturing registered a reading of only 47.3 – far less than the 49.8 expected and the lowest such number in 22 months.
Turning back to Europe, euro’s woes were not only limited to poor economic data but to rumors that German Finance Minister Hans Eichel and ECB Board member Alex Weber discussed the possibility of “EMU failure

Toronto MRC 21:48 GMT June 1, 2005 Reply   
Out of GBP longs and usdjpy shorts .

Tallinn viies 21:47 GMT June 1, 2005 Reply   
funds will burn their fingers again then

KL KL 21:45 GMT June 1, 2005 Reply   
out from long gbpusd 1.8081 at 1.8122 +41 SAR and short here sl 31 ...all in
out eurusd from 1.2189 at 1.2207 +18 ... happy morning

Bahrain Within 10 Pips 21:45 GMT June 1, 2005 Reply   
Some USD/CHF Longs Here

Ldn 21:44 GMT June 1, 2005 Reply   
Hearing funds looking to make this into a trend (Lower Euro ) making back some of the loses this year

Tulsa 21:42 GMT June 1, 2005 Reply   
Eur never went through certain levels on my stochs since May 30....hopefully this will not change just now :)

Ldn 21:42 GMT June 1, 2005 Reply   
The Rejection from France and Holland says one thing, the Old Europe is sick of being told the New Rule will be good for them when they see nothing but unemployment being brought about by immigrants from all over the world legal and not , and Goverments turning a blind eye until it suits them or hits them as its doing now.

Gen dk 21:41 GMT June 1, 2005 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Tallinn viies 21:39 GMT June 1, 2005 Reply   
J.P. Morgan cautions on proprietary-trading results
NEW YORK (AFX) -- J.P. Morgan President Jamie Dimon said Wednesday that the bank's trading profit for the second quarter would be its worst in recent memory, and his cautious tone sapped gains from shares of J.P. Morgan and its peers.

"Absent any improvements in June, we expect our trading results to be worse this quarter than they were in the third quarter last year, which was a terrible quarter," Dimon said at an investor presentation in New York.

In the third quarter of 2004, the bank reported trading earnings of $842 million.

Dimon said trading profit would be weakest in trades that put the firm's own capital at risk.

Capital-markets 'problem'

"There is a problem in the capital-markets business this quarter," Punk Zeigel analyst Dick Bove said Wednesday. "Dimon's take on it is its not risk problem, but that yield curve has flattened, the oil price has moved. When you have so many changes, you will see dislocation in the markets."

Several analysts have recently lowered earnings estimates for top investment banks, cautioning that the trading environment has grown weaker.

Proprietary trading, or the market bets a bank makes with its own money, are notoriously hard to predict. Often when the markets move as much as they have in the past months, one or more of the bigger firms on Wall Street will take a hit from being on the wrong side of a trade.

Real-estate issues

Concern over the housing market and mortgage lending also turned up in Dimon's comments.

"I think it is a very legitimate concern that someone may get hurt in the mortgage business. Those who extended credit don't have good systems. ... If you're extending [interest-only loans] and appraisals, and lower subprime, and you have negative amortization, I think someone's going to get hurt," Dimon said.

Dimon cautioned as well about the risk inherent in novel financial products and pitfalls of some market participants while adjusting to them.

"If you look at the history of financial markets ... almost every new financial product you can go back to... someone got hurt as people are learning how to manage through the real risk inherent in those products. I think you may see a little bit of that; it will be more in the new products than the old ones," Dimon said.

Bove said those comments also probably weakened shares of the big mortgage trader Bear Stearns and Cos., whose stock fell 12 cents to $98.92 after rising earlier in the session.

J.P. Morgan Chase shares ended the day up a penny at $35.76, well off their high for the day.

"Dimon is saying that earnings today are not going to be robust," according to Bove of Punk Zeigel, "and you are going to have to wait until I [Dimon] fix this machine."

Tulsa 21:38 GMT June 1, 2005 Reply   
Shorted eur at 1.2197 sl 1.2225

Stockholm AGuy 21:37 GMT June 1, 2005 Reply   
SanFrancisco analyst 21:08 GMT: "rising wave of EU rejection"

What "EU rejection"?!?

What has been rejected by the French and Dutch voters is a proposal for a new EU constitution, intended to replace the current Nice Treaty of 2000, which is becoming increasingly unwieldy as new countries are added. Scrapping that proposal means that the Nice Treaty remains in force until something better is put forth.

"it is opening the doors in Europe for nations and their businesses to reclaim economic flexibility while not being chained to funding the EU political agenda at the loss of money, jobs, and business"

?!?

What has been rejected is a *proposal* for a *new* constitution which, if accepted, would have replace the current treaty in *November 2006*. The result of it being scrapped is that *the current treaty remains in force*.

To put it in really easy baby-analyst-language: the vote means *no* change.

The change would have occurred had the proposed new consititution been accepted. Understand?

"This latest communistic like attempt in Europe"

?!?!?!?!?

Did you even bother to look at the text of the proposed constitution? Did you perchance miss the fact that those most vociferously celebrating in the streets of Paris after the vote were the French Communists, who are vehemently opposed to the "neo-liberal" policies (so they say) imposed by the proposed constituion? You know, things like free movement of capital and labor and free market competition?

Understand this, and understand it good: the French rejected the new constitution because they saw it as a free-market threat to their stale social "welfare" state. Chirac acknowledged that sentiment with his appointment of the statist Villepin as Raffarin's successor. The left just got stronger. This makes you happy?!?

"the horrible economic performance in the reagion"

...will not get better with Socialists strengthening their grip on power and people rejecting free market reforms.

"Congradulations to the European countries."

Bah. The proposed constitution was far too large and overreaching; instead of laying down a minimal set of axioms it tried to be the whole theorem, with corollaries and textbook thrown in for good. It was a committee compromise and showed it. A bad proposal which deserved to be rejected, as the "leftist" (as you would have it) Economist has been saying all along. The EU can be congratulated to having
rejected it, but hardly for the reasons it decided to do so.

"I won't respond to any attacks to this post by certain people who are pushing the EU agenda for the sake of the forum who will try to turn it into a political issue."

What a magnificently incomprehensible piece of gibberish! "Pushing the EU agenda" (whatever that is)
"for the sake of the forum"...?

"My post, while including political elements is of overall and extremely relative economic concern."

Well, at least you got the "extremely relative" part right...

Bahrain Within 10 Pips 21:37 GMT June 1, 2005 Reply   
Longing USD/CHF on 10 Pip Drops

philadelphia cnp 21:34 GMT June 1, 2005 Reply   
SanFrancisco analyst 21:31 GMT June 1, 2005

i always watch your posts...good quality... good research

SanFrancisco analyst 21:31 GMT June 1, 2005 Reply   
Thanks truly Atlanta, life is short so I do my best :)

London. 21:29 GMT June 1, 2005 Reply   
EUR/USD could head toward 1.2000 levels in short term, possibly targeting April 2004 lows of just below 1.1800 after exit polls showing Dutch no vote to European Union's proposed constitution raises fears European Monetary Union under threat, says Bank of America's John Rothfield; "some investors are taking this as a more serious sign that the monetary union is under threat and that's why we've seen some capitulation in long positions in real European assets." Says while many players now short EUR after sharp EUR/USD fall, breach of 1.2200 levels suggests any significant recovery unlikely in short term

Tulsa 21:27 GMT June 1, 2005 Reply   
Toronto friend, be very careful, keep your profits, because looks is going down again soon!

Bahrain Within 10 Pips 21:26 GMT June 1, 2005 Reply   
short euro and Aud/USD

Toronto MRC 21:25 GMT June 1, 2005 Reply   
Tulsa yes from 18088avg and short usdjpy from 10876 avg

los angeles ss 21:25 GMT June 1, 2005 Reply   
boy, i'm really tempted to add to my short term euro short possie right here.

Bahrain Within 10 Pips 21:24 GMT June 1, 2005 Reply   
1.1870 for euro..for now

atlanta south 21:21 GMT June 1, 2005 Reply   
SanFrancisco Analyst//good post 21:08, i'm in agreement. Always good to read your post.

Bahrain Within 10 Pips 21:20 GMT June 1, 2005 Reply   
Short Cable...and shorting euro on figure

Ldn 21:19 GMT June 1, 2005 Reply   
The Strong Dollar Bucks Up Yields
Richard Suttmeier assesses the capital markets at the outset of the new month. The strong dollar is pushing U.S. Treasury yields into the areas that he has determined are risky. His research shows resistances for gold and supports for the dollar.
RealMoney.

Tulsa 21:17 GMT June 1, 2005 Reply   
anyone long Cable now??

The Netherlands Purk 21:15 GMT June 1, 2005 Reply   
Sorry: anyone who dares to go long now?

Bahrain Within 10 Pips 21:15 GMT June 1, 2005 Reply   
Short AUD/USD...with 7 Pips Lifts

The Netherlands Purk 21:14 GMT June 1, 2005 Reply   
Also for Toronto. I longed afterwords 4 times 2 pips. Still behind. I hedged a few times in order not to lose to much. Thank god for hedging.

The Netherlands Purk 21:11 GMT June 1, 2005 Reply   
For Toronto:
I dropped out. I lost 4 times 25 pips.

los angeles ss 21:08 GMT June 1, 2005 Reply   
short again euro 1.2189 for a pip raid.

SanFrancisco analyst 21:08 GMT June 1, 2005 Reply   
An element that cannot be ignored in this rising wave of EU rejection is the fact that it is opening the doors in Europe for nations and their businesses to reclaim economic flexibility while not being chained to funding the EU political agenda at the loss of money, jobs, and business.

There would be an injustice to not recognize the underlying truth. This latest communistic like attempt in Europe, done in a more sneaky manner through pushing an EU model is falling apart due to economic compression of individual European nations, lack of viability, and the results are seen in the horrible economic performance in the reagion.

But this element of rejection can only break the chains of those nations held by the EU, and the rights of businesses and people, and result in economic performance.

Therefore, while my short term view of European economics to come is bearhish due to the inevitable struggle which will be waged by the EU to hold control, and the adjustment phase of the transition, my long term view is decidedly bullish.

Congradulations to the European countries.

I won't respond to any attacks to this post by certain people who are pushing the EU agenda for the sake of the forum who will try to turn it into a political issue. My post, while including political elements is of overall and extremely relative economic concern. It has been said by the best in this business that political conditions are relative to currency conditions so I won't be made to feel out of place for including them in this case. I am also far from being the only person to point out the conditions.

Bahrain Within 10 Pips 21:08 GMT June 1, 2005 Reply   
Eur/JPY short

KL KL 21:06 GMT June 1, 2005 Reply   
Sorry GEP

- long eurusd 1.2189 sl 79.

gbpusd long I hope will travel up nicely...still alive and locking in 3 pips profit in any case...chicken feed to some but nice meal for one week for me...LOL

Geneva 21:04 GMT June 1, 2005 Reply   
Vienna GD 20:58 GMT June 1, 2005

I hope, I am long dollar/jpy target around 114. Its the eur/jpy that cap the dollar/jpy, as the euro/dollar getting closer to a bottom the dollar/jpy will have better chances to break higher.

Bahrain Within 10 Pips 21:04 GMT June 1, 2005 Reply   
CHF/JPY...short...Might be a few pips early

GER ad 21:04 GMT June 1, 2005 Reply   
EUR/USD,
Out at 1.2190

philadelphia cnp 21:04 GMT June 1, 2005 Reply   
Geneva 20:47 GMT June 1, 2005

few months ago the whole 25 country bloc was behind the euro dream.......but not anymore.....what happend sunday & today we'll read it in 5-10 years ...... italy in recession, germany 12% unemployment, france & dutch controversy...... :) ..... who is going to lift the economy ??? hungary, bugary, poland....etc...???? answer: NONE.....us: filling the trade gap, big GDP numbers, growth in CPI & sentiment....bigger interst rates comming up......there is no way back to 1.40.....the most we might see is 1.26/27 but very risky one...... good luck

Prague viktor 21:01 GMT June 1, 2005 Reply   
Van jv 20:43...the government feel sad..the president is very happy...the people are also happy..the cbs start to say that we dont need the euro ....and as u see everything started with one word from the french..

Dallas GEP 21:00 GMT June 1, 2005 Reply   
OK short euro possies should have a stop around 1.2220

Ldn 21:00 GMT June 1, 2005 Reply   
LONDON (AP)--U.K. Foreign Secretary Jack Straw said Wednesday that rejection by Dutch and French voters of a European constitution raises profound questions about the future of the continent. Straw has indicated he will announce next week whether Britain will press on with plans for a referendum.



Bahrain Within 10 Pips 20:59 GMT June 1, 2005 Reply   
while waiting for euro..
short Eur/CHF Here

Tallinn viies 20:58 GMT June 1, 2005 Reply   
good evening,
finally found power again to press BUY button.
long euros from 1,2170.
levels down to 1,1770 area rock solid buying levels.
now its time to get in and try not get in at the worst levels,
basically buy a litlle, if stop out buy again at lower levels,
more a lot if previous hih taken out and so on.
time to mambojambo

Vienna GD 20:58 GMT June 1, 2005 Reply   
Geneva: do you expect a break of usdjpy 108.9x today/in asia? Thx for your reply!

Cbj Jake 20:57 GMT June 1, 2005 Reply   
Gold stks and their ilk up nicely - HUI up 2.6% today.

Ldn 20:57 GMT June 1, 2005 Reply   
The Dutch government won't submit the proposed European Union Constitution to Parliament for approval, Prime Minister Jan Peter Balkenende said Wednesday after an overwhelming majority of voters said they were against the charter in a referendum. Balkenende made his comments in an appearance on state-financed television station NOS. They followed earlier statements by Finance Minister Gerrit Zalm, who said it was now "likely that the constitution proposal would not be submitted to parliament for a final vote."

Balkenende said he was "very disappointed and unhappy" with the outcome and said parliament will hold a debate over the result Thursday. The 'no' vote comes on the heels of a French rejection of the E.U. charter Sunday, bringing a potentially decisive one-two punch to plans for further European integration.

In the referendum, 63% of Dutch voters said 'no' to the E.U. constitution, according to exit polls, more than had been predicted.

los angeles ss 20:57 GMT June 1, 2005 Reply   
5 min stochs on euro starting to turn down now.

Ldn 20:55 GMT June 1, 2005 Reply   
Geneva 20:50 many thanks

Bahrain Within 10 Pips 20:54 GMT June 1, 2005 Reply   
There is More with euro Latter

GER ad 20:54 GMT June 1, 2005 Reply   
EUR/USD,
1/2 position closed at 1.2181
S/L for the rest moved at cost

Bahrain Within 10 Pips 20:54 GMT June 1, 2005 Reply   
Pt ed Some Euro...Reshort 1.2215
USD/CAd added shorts again

Syd 20:54 GMT June 1, 2005 Reply   
Chirac: Dutch Vote Raises Concerns About Europe's Future
PARIS (AP)--French President Jacques Chirac said Wednesday that the Dutch rejection of the EU constitution in a referendum raises major concerns about Europe's future, his office said.
A statement from Chirac's office said the "no" vote in the Netherlands -a founding member of the union and one committed to European construction - shows "questions and concerns" about the development of Europe in the future.

French voters rejected the landmark text in a referendum on Sunday.

Chirac said there was a need "to take the necessary time to analyze well the consequences of the votes in France and the Netherlands on the union." He noted that other countries still plan votes on the constitution, already approved by 11 other members of the 25-nation bloc.

Geneva 20:53 GMT June 1, 2005 Reply   
Yes, but I close 75%.Keep 25%.

Vienna GD 20:52 GMT June 1, 2005 Reply   
Geneva 20:47 ... sorry just saw your 20:47!

Vienna GD 20:51 GMT June 1, 2005 Reply   
Geneva .. are you still short eur?

los angeles ss 20:51 GMT June 1, 2005 Reply   
waiting for the 5 minute chart to turn down, then will see how it goes then probably cover. If it hits 2180, will cover there too.

Geneva 20:50 GMT June 1, 2005 Reply   
I think its too diffuclt to call a bottom yet, but I belive we are very close to it. I prefere before I buy to see a floor and a first correction.

Ldn 20:48 GMT June 1, 2005 Reply   
Dutch say 'No' to EU constitution
Voters in the Netherlands have overwhelmingly rejected the proposed European Union constitution
Exit polls suggest 63% voted "No" in the referendum. Prime Minister Jan Peter Balkenende, who urged a "Yes" vote, says he will respect the result. Turnout is reported to have been as high as 62%, more than the double the level politicians said was needed for the vote to be accepted as the public's verdict on the treaty. BBC

Geneva 20:47 GMT June 1, 2005 Reply   
philadelphia cnp 20:43 GMT June 1, 2005

I am short Euro big time and trust me few month ago I didnt find any fundamantal to be. The same way you can see longer term euro much higher the raison will come. for the moment I am short Euro, but I am sure that longer term we will see 1.40 and higher!!!.

Prague viktor 20:46 GMT June 1, 2005 Reply   
Geneva...thanks G/L

philadelphia cnp 20:46 GMT June 1, 2005 Reply   
Pimco's Gross says they bought German and Euro bonds today; doubts the ECB will cut its target rate.

Ldn 20:46 GMT June 1, 2005 Reply   
Geneva 20:38 GMT when/where will you be going Long Euro ?? thanks

philadelphia cnp 20:43 GMT June 1, 2005 Reply   
Geneva 20:38 GMT June 1, 2005

there is no fundamental suport for 1.40......maybe in 20 years from now on....if we'll still have an euro .....

Bahrain Within 10 Pips 20:43 GMT June 1, 2005 Reply   
USD/CHF...Ressi 1.2750...for now...

Van jv 20:43 GMT June 1, 2005 Reply   
Prague viktor///how the Czechs react-will they go on?

Bahrain Within 10 Pips 20:40 GMT June 1, 2005 Reply   
got a support for Cable...it's 1.7990...

Vienna GD 20:40 GMT June 1, 2005 Reply   
GEP ... LOL, gggg!

Toronto MRC 20:40 GMT June 1, 2005 Reply   
Gep thanks

Geneva 20:38 GMT June 1, 2005 Reply   
The euro look dead, its very over sold. There is a very important level at 1.2050. For all that going long stop should be below 1.1975. Now there is much better chance to see 1.40????

Tulsa 20:38 GMT June 1, 2005 Reply   
Martin are you there?? Have any new view on Eur & Gbp after this strong movement?? MTIA

Dallas GEP 20:37 GMT June 1, 2005 Reply   
63% NO

Bahrain Within 10 Pips 20:36 GMT June 1, 2005 Reply   
Eur/Cad..Needs Parachute

Vienna GD 20:36 GMT June 1, 2005 Reply   
GBP or Geneva: will we see a break of usdjpy 108.9x today?

Prague viktor 20:34 GMT June 1, 2005 Reply   
Geneva 20:24 GMT June 1, 2005...it was from u a great call mate ....from which level ur going to long the E.. G/T

Toronto MRC 20:34 GMT June 1, 2005 Reply   
purk what were the numbers?

los angeles ss 20:32 GMT June 1, 2005 Reply   
dyz, think yours will be hit, maybe in asian session. thanks.

Bahrain Within 10 Pips 20:32 GMT June 1, 2005 Reply   
Doha...I did..So...USD/CAD...That is!!

los angeles ss 20:32 GMT June 1, 2005 Reply   
thanks Pips, just want some short term, love to see this down back into the 2150's before the asian session, I'll cover then reshort. this thing very oversold now.

Alex VA dyz 20:31 GMT June 1, 2005 Reply   
los angeles ss 20:27 GMT

FWIW my daily S3 is gone leaving only S4 @12139 in my work.

GER ad 20:30 GMT June 1, 2005 Reply   
Long EUR/USD at 1.2162
S/L under figure

Bahrain Within 10 Pips 20:30 GMT June 1, 2005 Reply   
LA...Keep it...More south Buddy...
Trial the sucker to 1.195

Goes SpongeBob 20:29 GMT June 1, 2005 Reply   
wow ... you guys were right, my EUR shorts managed to make more than the EUR longs ... same with cable ... I managed to neutralize very well ... thanls Martin !!!

gt all

chgo JB 20:27 GMT June 1, 2005 Reply   
Miami Hurricanes 20:26 GMT June 1, 2005

they will learn the hard way I suppose

Alex VA dyz 20:27 GMT June 1, 2005 Reply   
As they used to say in the days of bucket shops: "Stand on your head and watch it go up".

los angeles ss 20:27 GMT June 1, 2005 Reply   
how low euro this run??? Can't figure out when to cover with these techs!!!

Miami Hurricanes 20:26 GMT June 1, 2005 Reply   
I can not wait until tonight. More investment banking firm currency strategists on financial TV talking about how the situation with the Euro is already priced in...

QATAR anil mangalassery 20:25 GMT June 1, 2005 Reply   
SHALL I SELL USD/CAD????

Geneva 20:24 GMT June 1, 2005 Reply   
BYE euro!!

philadelphia cnp 20:23 GMT June 1, 2005 Reply   
EU's Barroso and Juncker at post-referendum press conference urge EU to continue ratification process

philadelphia cnp 20:21 GMT June 1, 2005 Reply   
NYSE halts trading 2 minutes early due to order malfunction

Bahrain Within 10 Pips 20:21 GMT June 1, 2005 Reply   
added USD/CAD shorts

Auckland peat 20:19 GMT June 1, 2005 Reply   
crazy nite those candles are red like embers....
i'm a conservative trader and i've made so many hundred pips i cant really be sure....
almost out of shorts to buy back tho.

Bahrain Within 10 Pips 20:16 GMT June 1, 2005 Reply   
Any ways...I am Not Surpried...I think I am Just Looking at it in a non Conventional way ...LOL
I think maybe I have the right to so... :)

SanFrancisco analyst 20:14 GMT June 1, 2005 Reply   
Dolphin - No, my mother in law has the mother of all bottoms

chgo JB 20:13 GMT June 1, 2005 Reply   
if the market is searching for a new level of value... much lower, that's how low...

KL KL 20:11 GMT June 1, 2005 Reply   
long again gbpusd 1.8081. sl 73..how low can it go??

Pecs Andras 20:09 GMT June 1, 2005 Reply   
Martin
Another great call on Dollar/yen again for today.
hats off mate:-)

Bahrain Within 10 Pips 20:08 GMT June 1, 2005 Reply   
Van...U know what I am saying is true...but Bloomberg...etc...U belive them...the funny thing...Take a Banker that uses VaR as Risk tool...ask him of what it is...he will say ..oh...Just a program we got!!!...
Where does come?
Oh...some banking Programers did it...

Give a me break...VaR Existed for 200 Years +
"He Does not know What he is Talking about"...Should U trust his Jugment with ur Money in this MKT?

Eilat Dolphin 20:08 GMT June 1, 2005 Reply   
Hi all. Just In, Just jumped on Eurella because she must have hit tonight's MOAB (Mother Of All Bottoms.)

los angeles ss 20:07 GMT June 1, 2005 Reply   
If there are large stops me thinks they have been tripped. How low this run??

Dallas GEP 20:07 GMT June 1, 2005 Reply   
YEP -7 pips no big deal

St John's ET 20:06 GMT June 1, 2005 Reply   
LOL looks like all you longers hit your S/Ls :P

chgo JB 20:05 GMT June 1, 2005 Reply   
holy moly

Wash DC Tempus 20:03 GMT June 1, 2005 Reply   
if you are not short yet .... sell teh break of 1.2200 with a 1.2190 quick scalp buy back at 1.2155/45

Van jv 20:02 GMT June 1, 2005 Reply   


Bahrain Within////possibly somewhere between---people sharks, funds , you, CBs count too....

Toronto 20:01 GMT June 1, 2005 Reply   
out of euro longs....

euro longs? I'm not that crazy...cough spongebob cough

out of euro shorts...going home...

Bahrain Within 10 Pips 19:59 GMT June 1, 2005 Reply   
What I am saying...In general...is that...Bloomberg + Rueters + greenie...+ Anyone that thinks that Things are driven by People...is absolotly wrong...
MKTs ...weather...economics...are self driven...they do what they are suppose to do...Vary over time...That's all

hong kong nt 19:58 GMT June 1, 2005 Reply   
Dow Jones -- order at 95/05 no luck tonight...

The Netherlands Purk 19:58 GMT June 1, 2005 Reply   
Dallas: GEP, I will go with you for a short ride. 15:57. 1,2202-1,2210.
Stoploss 10 pips. No more.

Toronto MRC 19:56 GMT June 1, 2005 Reply   
GEP WHat about cable? What level on euro?

los angeles ss 19:55 GMT June 1, 2005 Reply   
Think euro may go up a little from here, very oversold on my indicators. Maybe up a little, then retest 1.2200?

SanFrancisco analyst 19:55 GMT June 1, 2005 Reply   
Might be fair to say Eurchf 5300 holding/breaking down should be somewhat relevent in the scheme of things.

Toronto MRC 19:55 GMT June 1, 2005 Reply   
Toronto US High oil is going to keep it going up.

St John's ET 19:54 GMT June 1, 2005 Reply   
Bahrain, I think it requires more thinking to decipher and comprehend your posts than it does to make smart trades!

Spotforex NY 19:54 GMT June 1, 2005 Reply   
congrats to Zorro on his 1.22 call........

bull and bear...the masked one knows how to touche!!!!!!

Dallas GEP 19:54 GMT June 1, 2005 Reply   
longed euro 10 pip stop

Toronto 19:54 GMT June 1, 2005 Reply   
Bahrain

whats an engineer doing at an investment bank?

The Netherlands Purk 19:54 GMT June 1, 2005 Reply   
Toronto: I am waiting to go short. But usually when I do, it will go up...

Bahrain Within 10 Pips 19:52 GMT June 1, 2005 Reply   
Thanks..Tor/
I got fired from my Job Talking like That...Was VP Research at an Investment Bank...LOL
I am Glad though...they did me a favour!! .LOL

la oleg 19:52 GMT June 1, 2005 Reply   
nj jf 19:42 GMT June 1, 2005

not one for picking tops and bottoms, but all this parity and dissolution talk surely suggests we're closer to the latter than the former.

Toronto 19:51 GMT June 1, 2005 Reply   
Mrc,

what td are u speaking off

Toronto MRC 19:51 GMT June 1, 2005 Reply   
Purk at least a test. It is so close .

Toronto MRC 19:50 GMT June 1, 2005 Reply   
In not all about the income statement in slow growth higher inflation balance sheet will hold more weight.

The Netherlands Purk 19:49 GMT June 1, 2005 Reply   
think we are ready for the < 1,22

Toronto MRC 19:49 GMT June 1, 2005 Reply   
Trade deficit will again be an issue one day. Strong dollar hurts exports and encourages imports.

Goes SpongeBob 19:48 GMT June 1, 2005 Reply   
St John's ET 19:46 GMT June 1, 2005

magic is cheating

Toronto 19:46 GMT June 1, 2005 Reply   
San Fran,

I agree with you

cheers Bahrnai

St John's ET 19:46 GMT June 1, 2005 Reply   
Spongebob, your hands must be bloody from always trying to catch the falling knife...

Bahrain Within 10 Pips 19:45 GMT June 1, 2005 Reply   
SanFrancisco analyst 19:42 GMT June 1, 2005 ///
Thanks... :)

hong kong nt 19:44 GMT June 1, 2005 Reply   
if stagflation is the coming theme, sell dow, usd, buy gold, oil may work..

Bahrain Within 10 Pips 19:43 GMT June 1, 2005 Reply   
Something U can Measure...OK...
Else...Man it will be this life long strugle to make into this MKT

nj jf 19:42 GMT June 1, 2005 Reply   
i could have sold at 1.25 a few days ago i cud have sold at 1.2980 a few weeks ago - so let me see yes i def want to get all my clients short at 1.22 - because the eur will end over a political vote mmmmmmmmm its called a $$$$$$$ shredder...

philadelphia cnp 19:42 GMT June 1, 2005 Reply   
heyyyyy its alive...its moving...:)

SanFrancisco analyst 19:42 GMT June 1, 2005 Reply   
lol. Bahrain, sometimes I can't understand a sentence you write but by scanning them I usually get the meaning. A good guy I think you are.

B.A. BOCA 19:41 GMT June 1, 2005 Reply   
by the way, US bond market seems to be pricing big slowdown-recession coming. with these low rates housing bubble will only grow, yield hunters also have nowhere to go with EU, UK rates on the way down it seems.

weird times, pointing to big shift/shock

Bahrain Within 10 Pips 19:41 GMT June 1, 2005 Reply   
Yes...till 1.1950

Wash DC Tempus 19:40 GMT June 1, 2005 Reply   
Re : EUR parity PUTS

Huge went through market in last 24 hours
Smart money from what I understand......
12-18 month expiry

Be careful this can still get real interesting.....

remember ECB tom... if they don't appear more flexible on interest rate policy look for German calls to exit the euro to become louder (see story see Der Stern story).. The Germans clearly need lower rates and appear to have already examined the legal and economic issues of an exit from the euro....
However, aren't lower interest rates also a eur negative given the Fed's rate hike cycle? Stay short friends

Toronto 19:39 GMT June 1, 2005 Reply   
Bahrain


u're short eur, correct?

B.A. BOCA 19:38 GMT June 1, 2005 Reply   
rejection of EU constitution, failure (maybe) of the EMU...events like this can only be looked back upon 10 years from now, and people will say 'it was obvious, the signs were there'. short term impact/noise is irrelevant and impossible to draw conclusions.

Bahrain Within 10 Pips 19:38 GMT June 1, 2005 Reply   
Look Guys...Classical Economic Theory is fine...
But Interst Rates is also another price...
Why treat as if it's Exgious Variable
---it is inside the whole thing...
Another words...the fed Reser...the queen...ect...can not do stop anything from happening...
The same tokin as queen can Change the drowt in africa..
This maboo Jamboo

The Netherlands Purk 19:37 GMT June 1, 2005 Reply   
Dallas, GEP. Unofficial about 16.30 your time. Official Friday the third....

Toronto MRC 19:36 GMT June 1, 2005 Reply   
GEP are you getting a signal to long pound and short usdjpy?

pd cumino 19:36 GMT June 1, 2005 Reply   
philadelphia cnp 19:34 GMT June 1, 2005
Aahhh. Thank you, now I understand.

SanFrancisco analyst 19:35 GMT June 1, 2005 Reply   
In fact, as Cumino points out, the US GDP/economic advantage has not always carried over into USD strength, so I won't discount the possibility of larger term key levels holding and this resulting in a sound retracement only.

philadelphia cnp 19:34 GMT June 1, 2005 Reply   
pd cumino 19:31 GMT June 1, 2005

lower interest rate & big unemployment number....now we have a reverse on those

The Netherlands Purk 19:33 GMT June 1, 2005 Reply   
Dallas: I do not know. I am looking it up.
What is your vision about the eur/usd?

SanFrancisco analyst 19:32 GMT June 1, 2005 Reply   
This is however, a very significant technical level we're in relative range of for the Euro, so anything can happen.

Geneva 19:32 GMT June 1, 2005 Reply   
Van jv 19:29 GMT June 1, 2005

Who care, any way since he open is mouth against the Bush and the US interst he is OUT!!!.

SanFrancisco analyst 19:31 GMT June 1, 2005 Reply   
Tempus - Safe to say thats some pretty logical rationale you're citing though no matter how blunt. Think I've been subtely alluding to it for a while lol.

pd cumino 19:31 GMT June 1, 2005 Reply   
Wash DC Tempus 19:20 GMT June 1, 2005
Since I'm pretty ignorant, you should explain why that US GDP advantage should boost USD only now, and not in 2002/2003/2004.
Here is GDP in those years:
US 1.5 2.8 4.6
EU 0.8 0.5 1.8
And that (median) extimated for 2005
3.5
1.5

Wash DC Tempus 19:30 GMT June 1, 2005 Reply   
Price for 18 month

philadelphia cnp 19:30 GMT June 1, 2005 Reply   
Pecs Andras 19:24 GMT June 1, 2005

they are talking about an interest rate increase....

Van jv 19:29 GMT June 1, 2005 Reply   
Any idea about W. Buffet ..holding his longs?

Wash DC tempus 19:29 GMT June 1, 2005 Reply   
Fell free to consult Bloomberg.....

we have a 1.1500 target for year-end.......

but if you can't point an elliot wave technician to a fundamental market move and sentiment shift tahn what point does this forum have.... I think it unjust and silly to post the euro is a buy when it has fallen 5% in last month and the fundamentals continue to look awful

NYC YIPPEE 19:28 GMT June 1, 2005 Reply   
Wash DC Tempus 19:20 GMT June 1, 2005

I sell 1.00 Strikes and buy ATM's....
Any interest?

Dallas GEP 19:28 GMT June 1, 2005 Reply   
Purk, WHEN will we know the official DUTCH vote????

Bahrain Within 10 Pips 19:25 GMT June 1, 2005 Reply   
I can show that by Mathematcal Proof...as to why it happens...
There is no way...IMO...any can show U the proof.

nj jf 19:25 GMT June 1, 2005 Reply   
tempus - doesnt matter whether you right or wrong - but no need to be negative to spongebob - if you had mentioned any of those points at 1.30 plus - it may be relevant - gt

Dublin Flip 19:24 GMT June 1, 2005 Reply   
Mate not my theory. One of Mcmulley's weird one I hardly understand I'm afraid. Justification is 9/10s of the law in this game. I think it probably is more pertinent that we have a much more highly geared world and much more flexible/liquidty driven/growth at all cost central bankers. I leave that "chicken or the egg" poser for another time.

Pecs Andras 19:24 GMT June 1, 2005 Reply   
Guys
Why is it that CAD is moving contrary to all other currencies?

Livingston nh 19:24 GMT June 1, 2005 Reply   
Tempus - Parity PUTS -- a few weeks ago Hedgies were allegedly in trouble from interest rates - funny, but bet the totally unexpected EUR parity might be the real killer

Vienna GD 19:24 GMT June 1, 2005 Reply   
Wash DC Tempus 19:20 GMT June 1, 2005
FYI huge EUR parity puts going thru market..... just a joke or reality?


philadelphia cnp 19:24 GMT June 1, 2005 Reply   
Wash DC Tempus 19:20 GMT June 1, 2005

Im 100% with you for that.....1.1800/750

The Netherlands Purk 19:24 GMT June 1, 2005 Reply   
correct. and it will stay no. Now i look at the eur/usd and I see the pips go up and down. I do not think the 1,22 is gong to hold. Who dares to short?
Regrds
Purk

Bahrain Within 10 Pips 19:22 GMT June 1, 2005 Reply   
Bob..
Not only that I understand the e- wave very well,,,
I do know why it happens!!!...( I don't think U will find any work of this )
Euro for now is "not" north.

Wash DC Tempus 19:22 GMT June 1, 2005 Reply   
Exit Polls already show 63 pct against

philadelphia cnp 19:20 GMT June 1, 2005 Reply   
looks like big investors waiting for 1st official poll exit in 10 minutes7:30 gmt

Wash DC Tempus 19:20 GMT June 1, 2005 Reply   
Spongebob....

Watch out once your friends defending the 1.2200 level throw in the towel you will be doomed... your argument makes no sense higher US interest rates than the Eurozone, 3.5% US GDP growth vs. 1.3% in Euroland, proactive Fed vs. non-flexible ECB, rejection of constitution and possible dissolving of common currency I would long the euro also..... ( are you kidding) 1.1750 here we come
FYI huge EUR parity puts going thru market.....

Bahrain Within 10 Pips 19:19 GMT June 1, 2005 Reply   
Euro...Looking for another 200 Points drop...and fast

Goes SpongeBob 19:18 GMT June 1, 2005 Reply   
Toronto 19:13 GMT June 1, 2005

seriously (for the last time), no trader or market is stronger than Elliot in the test of time !!!

gt

philadelphia cnp 19:17 GMT June 1, 2005 Reply   
early polls is NO 63%

Dallas GEP 19:17 GMT June 1, 2005 Reply   
Closed long euro already saw gap in feed and took +3. not worth trouble especially going against bias!!! lol

Livingston nh 19:15 GMT June 1, 2005 Reply   
Dublin Flip 18:33 GMT June 1, 2005
" ... old rationales of inflation +2.5% is not applicable anymore for the price of capital."

Flip - hmmm- does this sound a bit like "this time it's different"? seems more and more folks are capitulating - certificates of confiscation

Bahrain Within 10 Pips 19:14 GMT June 1, 2005 Reply   
USD/CAD short

Goes SpongeBob 19:13 GMT June 1, 2005 Reply   
3 mintues after the French polls closed I was singing "what's the color of money" ... don't know charts, know rythmo, EUR is big time long ... do you remember the mess with US elections? ... how much is oil? .... where is Mrs. Rice?

gt

Toronto 19:13 GMT June 1, 2005 Reply   
Spongebob,

could you explain your logic behind longing euro,
I'm very interested

Goes SpongeBob 19:11 GMT June 1, 2005 Reply   
Toronto ... sometimes (most of times) I do not post the whole process of trades ... but, who listens to someone named SpongeBob .. JPY is the king

cheers

St John's ET 19:11 GMT June 1, 2005 Reply   
Spongebob, remember that people thought the French 'NO' was already factored in? Then it dropped 300 convincing pips :P

Dallas GEP 19:11 GMT June 1, 2005 Reply   
OK closed rest of euro shorts and I am now LONG euro

Bahrain Within 10 Pips 19:10 GMT June 1, 2005 Reply   
KL...
Buy a call strike 300
for next 2 months...You will be rich

Toronto 19:09 GMT June 1, 2005 Reply   
spongebob
lol

gl gt

Goes SpongeBob 19:09 GMT June 1, 2005 Reply   
Toronto, why wrong? ... made money today with EUR longs and looking to make now more.

gt

Dallas GEP 19:08 GMT June 1, 2005 Reply   
TP on euro shorts at +20 pips, still have some open

Riga Jim 19:08 GMT June 1, 2005 Reply   
Dublin Flip 19:04 GMT // The high was a few cents below 293. 286 now.

Toronto 19:07 GMT June 1, 2005 Reply   
Spongebob,

do you enjoy being wrong?

Goes SpongeBob 19:06 GMT June 1, 2005 Reply   
Dutch vote has no impact ... back to facts and the other news, how much is the oil now? ... how much is the US deficit?

gt

Bahrain Within 10 Pips 19:04 GMT June 1, 2005 Reply   
I don't think U guys should Short goog...IMO

anyways U guys noticing this tendency of USD/CAD Vs. USD/CHF?

The Netherlands Purk 19:04 GMT June 1, 2005 Reply   
Kansas: what is new there? No news no trade...

Dublin Flip 19:04 GMT June 1, 2005 Reply   
jim what has been the high of google??
I was seeing that it's worth more than time warner/Aol now. Must be expecting a bit of advertising to develop I guess

hong kong nt 19:03 GMT June 1, 2005 Reply   
Crude oil -- wiser to respect and follow cathay pacific traders..

Riga Jim 19:02 GMT June 1, 2005 Reply   
KL KL 18:56 GMT June 1, 2005
fwiw shorted google at 292
//Humm, GOOG has been below 292 for 1.5 hrs already. 284 now. fwiw.

The Netherlands Purk 19:02 GMT June 1, 2005 Reply   
Spons: are you sure? first down is my guess...

sx ted 19:02 GMT June 1, 2005 Reply   
63% NO ref EuroNews

Kaunas dar 19:02 GMT June 1, 2005 Reply   
Just new rule, sell euro on rumors and sell it at facts. lol

The Netherlands Purk 19:01 GMT June 1, 2005 Reply   
Spons: nobody knows the difference between the fall and the rise of the eur/usd....

london phil 19:01 GMT June 1, 2005 Reply   
first exit poll sky news 63%

Goes SpongeBob 19:01 GMT June 1, 2005 Reply   
63% nee ... I am EUR long !!!


gt

Bahrain Within 10 Pips 19:00 GMT June 1, 2005 Reply   
KL...I ran the daily data on google..
it's a buy heading to 390

Vienna GD 18:59 GMT June 1, 2005 Reply   
Kaunas 18:55 ... maybe, but what about a no vote of 68% ... just a wild guess!?

Goes SpongeBob 18:59 GMT June 1, 2005 Reply   
Purk ... ik hoop voor jou dat het klopt, anders SpongeBob komt achter je aan !!! ... in english, s/l removed ... locked on 1.2710 !!!!

gt

KL KL 18:56 GMT June 1, 2005 Reply   
fwiw shorted google at 292...and crude July at 54.56.

Long gbpusd 1.8108....All the above asking for it...so give it...Crazy...google..out 283.96...I think enough for a days work. Will short again if move above 287

Kaunas 18:55 GMT June 1, 2005 Reply   
Vienna GD 18:45 GMT June 1, 2005

i take that dutch "no" is already counted in....

The Netherlands Purk 18:53 GMT June 1, 2005 Reply   
something after 21:00

The Netherlands Purk 18:53 GMT June 1, 2005 Reply   
true, 20:50 dutch time this was. everyone had to work first...
but no will stand...

sofia mile 18:53 GMT June 1, 2005 Reply   
does anyone know what time we will have first exit polls?thank you!

Bahrain Within 10 Pips 18:52 GMT June 1, 2005 Reply   
in That case I Thank u even more now..
I'll keep the term as my ID...and let him take the other... LOL
GT..
I Just love this!!

Toronto YV 18:50 GMT June 1, 2005 Reply   
THE HAGUE (AFX) - Voters came out in force for the Dutch referendum on the EU constitution on Wednesday, with turnout at 50 pct by 7.00 pm, according to polling firm Interview-NSS.

The final turnout looked set to exceed by far the Dutch participation in the European Parliament elections last June, which had stood at 39.1 pct.

The turnout figure is pivotal because the Dutch parliament, which still has the final say on the constitution, has promised to follow the will of the people if turnout exceeds 30 pct.

Three days after a resounding French 'no' to the constitution, the Dutch are taking part in the first referendum in the country's modern history, in what is expected to deal a second blow to the treaty by an EU founding member.

Opinion polls have predicted that some 60 pct of the Dutch will reject the constitution, an even greater win for the 'no' camp than seen in France, where opponents took nearly 55 pct of the vote.

Pollsters had predicted a turnout of between 45 and 50 pct.

Voting stations are scheduled to close at 9.00 pm and the first results of the vote should be available soon thereafter.

sb-nl/ec/ak

Toronto 18:48 GMT June 1, 2005 Reply   
Bahrain,
I was referring to:
"Strange is Sometimes better then Stup....
LOL
U need a Breather"

Bahrain Within 10 Pips 18:46 GMT June 1, 2005 Reply   
Tor/
I thank U...That's only if U mean That "I am Stupied"...
Making a call about USD/CHF and USD/CAD as going in reverse...
Anyone can do this...would U say Tor?.. :)
LOL
GT

Vienna GD 18:45 GMT June 1, 2005 Reply   
Time for the first results from dutch vote?

The Netherlands Purk 18:44 GMT June 1, 2005 Reply   
To all. The clogs are voting no. We are a bit strange really. We actually are voting no to say that our gouvernment is crap. What we really want is a SAVE country etc. Not some clown on the tv who does not know what he is talking about.
So the whole voting thing is a hoax. only 31% voted (20:42 dutch time) now.
So I think, as soon as the NO is coming closer, the eur/usd will drop fast, but will bounce back fast as well. You should be warned. Or the fall is already in the eur/usd.
Go with the flow!
regards
Purk

Toronto 18:43 GMT June 1, 2005 Reply   
any word on the referendum?

SanFrancisco analyst 18:43 GMT June 1, 2005 Reply   
Flip - yes, they've said that recently, but not until after it became obvious thier prior sentiment was going to be a wash publically.

Toronto 18:40 GMT June 1, 2005 Reply   
lol indeed Bahrain

we missed your absence the last two days

NYC 18:38 GMT June 1, 2005 Reply   
The Netherlands Purk - how about filliing us in on what the news is saying about the Dutch voting.

Bahrain Within 10 Pips 18:37 GMT June 1, 2005 Reply   
Strange is Sometimes better then Stup....
LOL
U need a Breather

The Netherlands Purk 18:37 GMT June 1, 2005 Reply   
BTW, does anyone have positions in the S&P? I am shorting now, must go under 1200.
Good luck
Purk

Geneva 18:35 GMT June 1, 2005 Reply   
The euro will go at least to 1.1760. any rally is a selling opportunity!!!!.

The Netherlands Purk 18:34 GMT June 1, 2005 Reply   
OK GEP, so you are almost done with the short on eur/usd now. Good luck!

Kaunas 18:34 GMT June 1, 2005 Reply   
Bahrain Within 10 Pips 18:33 GMT June 1, 2005

YOU are strange.
take a breather

Bahrain Within 10 Pips 18:33 GMT June 1, 2005 Reply   
Strange...I get USD/CAD short and the same time USD/CHF..Long
IS the US still OK with Canada?...What's going on?

Dublin Flip 18:33 GMT June 1, 2005 Reply   
PIMCO's McMulley has been saying the old rationales of inflation +2.5% is not applicable anymore for the price of capital.

Dallas GEP 18:32 GMT June 1, 2005 Reply   
YEP I got eur/gbp long, gbp/usd long, eur/usd short, usd/chf short. BTW...these possies are NOT taken with the same timeframes in mind.

Dublin Flip 18:31 GMT June 1, 2005 Reply   
tg. I think you'll find PIMCO has been one of the bond bulls for this whole move. They have been saying lower rates, inflation has been over hyped, Fed will finish at 3.5% since 10s were at 4.70% and every economist/analyst was calling for upwards of 5.5% and Fed funds neutral to be above 5%. They've called it better then the Fed have who have repeatedly tried to spook the bond market yields higher with their conundrum speak.

Dallas GEP 18:30 GMT June 1, 2005 Reply   
Possible exception might be usd/cad BTW, it looks VERY weak

Dallas GEP 18:30 GMT June 1, 2005 Reply   
Ok guys, in a time of market indecisiveness....it is best to got with the bias which means the USD direction. USD bull positions will be MUCH easier to recover from than USD bear positons if you are caught the wrong way unless we have a trend reversal which ISN'T going ti happen at this time

Bahrain Within 10 Pips 18:27 GMT June 1, 2005 Reply   
USD/CAD Short with 20 Pips North

Toronto 18:23 GMT June 1, 2005 Reply   
san fran

...what u talking about buddy?

Tallinn viies 18:23 GMT June 1, 2005 Reply   
oh dear I would love to see those currencies back.... uuuh.

The Netherlands Purk 18:23 GMT June 1, 2005 Reply   
GEP, BTW , do you still have "possies"?

Kaunas dar 18:22 GMT June 1, 2005 Reply   
Return back to gold standart

The Netherlands Purk 18:22 GMT June 1, 2005 Reply   
Dallas GEP.
Thanks, it stays difficult to choose the moment. I am working on the "off button" of my emotions.... I am curious where the eur.usd will bounce. Any idea.
Any way, good luck with the trades.
Regards

Purk

SanFrancisco analyst 18:20 GMT June 1, 2005 Reply   
BRING ON THE DEUTCHMARK, THE LIRA, AND THE FRANC !!!

Bahrain Within 10 Pips 18:19 GMT June 1, 2005 Reply   
NT around 55...should be short...but this is what I remmeber from 2 months ago...Heading again to 43
Have not seen the chart though!!!

Gen dk 18:16 GMT June 1, 2005 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Tallinn viies 18:15 GMT June 1, 2005 Reply   
I still believe at one stage exit door for oil markets could be very narrow if demand doesnt pick up. sort of - from 56,00 down to 35-38.

Dallas GEP 18:14 GMT June 1, 2005 Reply   
Purk, depends on situation but I try to take possies at an entry that requires no more than 30-35 pip stop

hong kong nt 18:11 GMT June 1, 2005 Reply   
Crude oil -- tempting to sell half at 54.1 with 0.5 stop...

hong kong nt 18:09 GMT June 1, 2005 Reply   
Crude oil -- exit another half at 54.05...

Bahrain Within 10 Pips 18:09 GMT June 1, 2005 Reply   
Yes...I understand la...
It's Just Slow now...sort of boring...
Trying to make this room more fun..That's all.. :)
GL

Gen dk 18:09 GMT June 1, 2005 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

The Netherlands Purk 18:07 GMT June 1, 2005 Reply   
Dallas GEP of course

The Netherlands Purk 18:07 GMT June 1, 2005 Reply   
Dalla GEP
What is your usual stoploss?
Regards
Purk

Bahrain Within 10 Pips 18:05 GMT June 1, 2005 Reply   
If (Get signal to Short) then

Doooooooooooo nnnnooooooooottttttttt Hesitattttttttttttttteeeeeee!!!!

End IF

la oleg 18:05 GMT June 1, 2005 Reply   
Bahrain// just a friendly comment. it is not wise to always feel the need to enter positions. preserving capital is the name of the game. no one can anticipate every twist and turn of this vast ocean. there is no shame in standing aside until the market shows it's hand.

good trades to you.

Dallas GEP 18:00 GMT June 1, 2005 Reply   
Ok well short Euro now with 10 pip stop marked at 1.2236

Bahrain Within 10 Pips 17:59 GMT June 1, 2005 Reply   
Do while not Euro Not going

Go for short Eur/gbp

Else

Short euro (More Money...Nice!!!)
+ toss eur/gbp (no Good)

End while

Nice coding ha? LoL

QATAR anil mangalassery 17:56 GMT June 1, 2005 Reply   
Tallinn viies 17:51 GMT June 1, 2005
THANKS, I SOLD 2 LOTS NOW @53.88.

Beverly Hills Jed Clampett 17:56 GMT June 1, 2005 Reply   
QATAR anil mangalassery 17:48 GMT June 1, 2005
ANY BODY TRADE IN CRUDE OIL HERE?

At the top of the page it says Forex Forum

Texas Tea

Bahrain Within 10 Pips 17:54 GMT June 1, 2005 Reply   
If (Euro no Down ) then
I close My house + Break mY pc on my Neighbers +
Shut down office and Toss it in the sea
Else
Everyone will be safe + happy man (me)

End if

Tallinn viies 17:51 GMT June 1, 2005 Reply   
QATAR anil mangalassery 17:48 GMT - me. just sold it at 53,70....
54,60/70 will sell more. target 51,00 by tommorow numbers

los angeles ss 17:49 GMT June 1, 2005 Reply   
10 pips, my 15 min charts for eur/usd shows stochs on the verge of turning down. If it doesn't go past 1.2238 may have a short term double top in place for a little downward movement.

Livingston nh 17:49 GMT June 1, 2005 Reply   
signals? - the charts are off the charts - evrything (support , trendlines, MAs) has been breached - BUT sometimes fundamentals do matter so the first to turn may be Cable (the search for yield) or perhaps AUD/USD which is under 200 sma but has been resilient

QATAR anil mangalassery 17:48 GMT June 1, 2005 Reply   
ANY BODY TRADE IN CRUDE OIL HERE?

SanFrancisco analyst 17:47 GMT June 1, 2005 Reply   
Maybe a rumor will help the Euro, let me try ...

As routinely claimed by PIMCO and the Economist for the last 5 years, they report the US housing bubble, credit bubble, debt bubble, GDP bubble, trade bubble, deficit bubble, and impending rampant inflation are within days of striking the US economy into recession which will be compounded by the tax cuts and Bush economic plan.

There, maybe we can get a bounce in the Euro now.

hong kong nt 17:47 GMT June 1, 2005 Reply   
Crude oil -- 51.0-54.0 consolidation with upside bias..

Bahrain Within 10 Pips 17:43 GMT June 1, 2005 Reply   
any getting any signal for anything?

Kaunas Picasso 17:43 GMT June 1, 2005 Reply   
Kaunas Picasso 17:41 GMT June 1, 2005
So EUR/USD touched MAE daily 100.
Potential reversal point?

i meant weekly.

Kaunas Picasso 17:41 GMT June 1, 2005 Reply   
So EUR/USD touched MAE daily 100.
Potential reversal point?

Toronto 17:35 GMT June 1, 2005 Reply   
jeddah

u're kkkhrazy

jeddah frank 17:31 GMT June 1, 2005 Reply   
i hope see the gbp/usd back to 8209 today

EU ZORRO 17:26 GMT June 1, 2005 Reply   

...But...

...If anyone wants a good R/R...could long here...

hong kong nt 17:25 GMT June 1, 2005 Reply   
Crude oil -- covered half at 53.5..

GER ad 17:24 GMT June 1, 2005 Reply   
EUR/USD,
Out at 1.2239

los angeles ss 17:22 GMT June 1, 2005 Reply   
I feel another short eur/usd coming on!

EU ZORRO 17:21 GMT June 1, 2005 Reply   
hk ab 15:59...sorry for late reply...

...No, I'm Flat....

...Will look for signals next days...
...No clear BUY OR SELL here...

Bahrain Within 10 Pips 17:14 GMT June 1, 2005 Reply   
OK Jay...Got You..
Longing USD/CHF

Bahrain Within 10 Pips 17:13 GMT June 1, 2005 Reply   
I'll be back in 15 Min

hong kong nt 17:08 GMT June 1, 2005 Reply   
AB -- place limit buys at 1.1955, 1.2005 and 1.2055 may work...

Global-View 17:07 GMT June 1, 2005 Reply   
We have made this suggestion before and will do it again- Please speak in dollar terms rather than currency terms. When you say long Swissy, it means you are short dollars/long Swiss francs. If you are long usd/chf, then state it that way so there is no confusion. Same is true when you say long CAD and mean long usd/cad. Exceptions to the rule are euro, gbp, aud and nzd, all quoted dollar/currency while most pairs are quoted currency/dollar.

Bahrain Within 10 Pips 17:04 GMT June 1, 2005 Reply   
added Some Long Swissie

Bahrain Within 10 Pips 16:59 GMT June 1, 2005 Reply   
Look Guys...if U can handle 50 Pips stop on Euro...
Go for the short...The reward (Exp)...is 1.1950...at least 4 times the loss....Fish ratio

Dallas GEP 16:56 GMT June 1, 2005 Reply   
longed cable marked at 1.8113 stop 1.8087

Bahrain Within 10 Pips 16:52 GMT June 1, 2005 Reply   
cad tunning up for the dive

Bahrain Within 10 Pips 16:44 GMT June 1, 2005 Reply   
1.53...Blind short Eur/cad

hk ab 16:42 GMT June 1, 2005 Reply   
I suggest you all to worry about eur/jpy first.....

125.xx, mark it down....

Bahrain Within 10 Pips 16:41 GMT June 1, 2005 Reply   
eur/cad 1.47

Toronto MRC 16:40 GMT June 1, 2005 Reply   
GEP you said it. LOL

Goes SpongeBob 16:36 GMT June 1, 2005 Reply   
some of the latest Dutch polls show 70% for "nee" ... regarding FX, I cannot imagine that there is one counting on "ja" ... let's see what 1.2180-1.2200 will do, EUR may bring some fireworks and no one holding it anymore.


gt

Dallas GEP 16:36 GMT June 1, 2005 Reply   
Guys quite frankly, I readily admit NO ONE knows for sure what the price action may be. Elliot wave analysis would suggest it longs from before 1.2200 but WTF knows.

hk ab 16:35 GMT June 1, 2005 Reply   
bc could be @ 1.2 line waiting for us.

Bahrain Within 10 Pips 16:34 GMT June 1, 2005 Reply   
USD/CHF...Takes this rally.. _______> 1.28

GER ad 16:32 GMT June 1, 2005 Reply   
Long EUR/USD at 1.2221
50 pips S/L

Bahrain Within 10 Pips 16:32 GMT June 1, 2005 Reply   
Not sure...I think next dive in euro is just as bad as Last one IMO

Dallas GEP 16:31 GMT June 1, 2005 Reply   
probably has seen lows today on EURO IMO

Livingston nh 16:30 GMT June 1, 2005 Reply   
Re; Fisher comments - I don't know what got the bond market so excited -- "We're clearly in the eighth inning of a tightening cycle. There is room to tighten a little bit further. Then we will see how we are standing against inflation.'' -- I've been saying for a year that the Fed has not been addressing inflation at all but merely moving to neutral -- the tightening starts when the term "accommodative" comes out of Fed statements - this is far more important than term "measured"

Toronto 16:29 GMT June 1, 2005 Reply   
nice target GEP
only 5 pips off

nyc selective memory 16:26 GMT June 1, 2005 Reply   
GEP any comments on the 1.2492 USD/CHF shorts from earlier? tia

Bahrain Within 10 Pips 16:25 GMT June 1, 2005 Reply   
Might be some 30 Pips too soon...But Longed USD/CHF

Las Vegas SJ 16:24 GMT June 1, 2005 Reply   
Does anyone really see much support on the Euro/usd before 118.60??? I'm going for 110 overall as stated here over the past few months. Wave 3 down is now. Timing for 118.50ish anyone??/

London. 16:23 GMT June 1, 2005 Reply   
WSJ: Fed's Fisher: US Econ Strong;Inflation Still A Risk
WSJ: Fed's Fisher:More Worried About Inflation Than Econ
He then went on to say he's more worried about inflation than about the economy, a stance that is ordinarily consistent with tightening monetary policy. "The economy is strong. It's inflation that's still a risk. We're not talking about rampant inflation, but about mold setting into a household, where it starts to grow. We know the economy is growing nicely. What we don't yet know is whether we've reached that point, where we're operating policy in a way that doesn't encourage inflation."

Dallas GEP 16:22 GMT June 1, 2005 Reply   
YES I do, it will test lows again

los angeles ss 16:18 GMT June 1, 2005 Reply   
gep, think euro will revisit teens within the hour? I should have covered, slow on the trigger.

Dallas GEP 16:17 GMT June 1, 2005 Reply   
10m pips I knew we would get bounce before 1.2210......this is a VERY quick play

Va Raven 16:16 GMT June 1, 2005 Reply   
"JAPAN: One source noting a Kyodo report, citing BOJ sources, that Thursday's current account balance may fall below the lower end of the Bank's Y30/35 tn lower target zone, thus bringing a reality to the BOJ's May 20 announcement that balance may from time to time fall below its target zone due to temporary market factors and lack of demand from banks for reserves. The Kyodo report suggests that the BOJ will take steps in the market to make sure that the C/A balance returns to the target zone for Thursday in order to head off unwarranted speculation that the Bank has engaged in any tightening." MNIfx

lax-lgb SNP 16:15 GMT June 1, 2005 Reply   
appears Gold is not going down just yet ... AUD recovery, perhaps ;-)

Bahrain Within 10 Pips 16:15 GMT June 1, 2005 Reply   
why? GEp..!!

hk ab 16:14 GMT June 1, 2005 Reply   
arokh//interesting......welcome new comer.

Bahrain Within 10 Pips 16:13 GMT June 1, 2005 Reply   
added good amount of euro short...it's diving...Short it!!!!

Dallas GEP 16:13 GMT June 1, 2005 Reply   
Closed out rest of euro shorts....

hk ab 16:12 GMT June 1, 2005 Reply   
mkt anticipate to challenge Buffet s/l together......

hong kong nt 16:11 GMT June 1, 2005 Reply   
Crude oil -- weekly barrier 53.25/50...

Goes SpongeBob 16:10 GMT June 1, 2005 Reply   
Sofia arokh 16:09 GMT June 1, 2005

it is summer time now +2

Sofia arokh 16:09 GMT June 1, 2005 Reply   
19 CET which is gmt+1

los angeles ss 16:05 GMT June 1, 2005 Reply   
1900 gmt polls close
2000 50% vote count
2400 100% vote count

I think.

Sofia arokh 16:05 GMT June 1, 2005 Reply   
hk ab 15:59 GMT June 1, 2005
Zorro, chance comes again...

why eur/gbp moves so slowly.....

slowly? yesterday eur/gbp slipped near 100p. The previous day with such HUGE movement was 8 may 2004.

Bahrain Within 10 Pips 16:05 GMT June 1, 2005 Reply   
added More Kiwi shorts here

atlanta south 16:04 GMT June 1, 2005 Reply   
Gep//Do u think the last move up capped it for Euro high for now. Could sub 2200 be today? Tks for your valued response.

Va Raven 16:04 GMT June 1, 2005 Reply   
Where is your euro short stop, GEP?

Dallas GEP 16:03 GMT June 1, 2005 Reply   
Took profits on half og euro shorts......other half still running

loudonville,ny gebo 16:02 GMT June 1, 2005 Reply   
when is the dutch vote over??about what time

Va Raven 16:01 GMT June 1, 2005 Reply   
We are "forcing" Buffett to pay for our cable buffet.........

Bahrain Within 10 Pips 16:00 GMT June 1, 2005 Reply   
Yes La...Just Taking a rest...now will do more..IMO

hk ab 15:59 GMT June 1, 2005 Reply   
Zorro, chance comes again...

why eur/gbp moves so slowly.....

chgo JB 15:57 GMT June 1, 2005 Reply   
"benign neglect" LMAO... now THAT's good!

*adds that to the list of oxymorons*

1) Military Intelligence
2) Journalistic Integrity
3) Benign Neglect

London. 15:55 GMT June 1, 2005 Reply   
Bloomberg tv UK live analyst says there will be some benign neglect on the Euro to try and get it down to 110 to help the economy

London. 15:50 GMT June 1, 2005 Reply   
Mixed US Data To Keep Fed On Tightening Track (Dow Jones)--The latest batch of U.S. economic data showing a further slowdown in manufacturing and continued vigor in the housing market is seen keeping the Federal Reserve on a rate-tightening track, but financial markets now expect fewer Fed rate hikes.
The bond and stock markets Wednesday seized on the weaker-than-expected 51.4 reading on the Institute for Supply Management's index of manufacturing activity for May as evidence the Fed may not be as aggressive in raising rates this year as previously expected. But analysts said outside of manufacturing, the economy remains robust.
"There's been a growing sense in the market the economy is weakening and the Fed is almost done. That flies in the face of reality," said Stephen Stanley, chief economist at RBS Greenwich Capital.
"Anything related to the consumer is doing extremely well. The business sector in general is doing reasonably well, but manufacturing is on the weak end of that. I don't see any reason for the Fed to stop tightening," said Stanley, who pegs the federal funds rate, currently at 3.0%, to be 4.25% at year-end.
If anything, the bond and stock market rally in the wake of the soft ISM number suggests U.S. economic growth will be even stronger in the second half of the year, some analysts said. "This huge rally in fixed income and rally in equities probably does wonders for second half growth prospects. 0n the surface, we'd be inclined to raise our growth and inflation forecasts. That should keep the Fed going," said Joseph LaVorgna, senior U.S. economist with Deutsche Bank.
The softer-than-expected May ISM "won't impact the Fed," LaVorgna said. "The rest of the economy is pretty healthy."




Dallas GEP 15:46 GMT June 1, 2005 Reply   
Not really Toronto, I think Euro has made it's high for today

los angeles ss 15:44 GMT June 1, 2005 Reply   
10 pips, you mean mach 2 fast downside for euro?

Bahrain Within 10 Pips 15:43 GMT June 1, 2005 Reply   
Traders have the tenedacy to look at equity (in thier acct)...then charts..
Why?

Gen dk 15:42 GMT June 1, 2005 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Bahrain Within 10 Pips 15:39 GMT June 1, 2005 Reply   
Mach 2 is soon...very soon!

Ldn 15:37 GMT June 1, 2005 Reply   
EUR/USD: Euribor Now Looking Toward Rate Cut IFR Newswire

hk ab 15:36 GMT June 1, 2005 Reply   
revdax, received your pm. will reply you in mins.

hk ab 15:36 GMT June 1, 2005 Reply   
j// you may have missed something.
IT could be 1.2222--> 1.1950 ---> 1.2828.....

van revdax 15:35 GMT June 1, 2005 Reply   
hk ab 15:28//In view of what I have just said, please pay close attention to the move of $/Jy today as oftentimes the reversal day could be triggered to arrive one day more early.

London. 15:35 GMT June 1, 2005 Reply   
CNBC Survey: US 1Q Revised Productivity Seen Up 3.0%

New York 15:34 GMT June 1, 2005 Reply   
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Bahrain Within 10 Pips 15:31 GMT June 1, 2005 Reply   
added more USD/JPY Longs

lisbon j 15:31 GMT June 1, 2005 Reply   
last call...eur=12222 to eur=12828

Bahrain Within 10 Pips 15:31 GMT June 1, 2005 Reply   
added more USD/JPY Longs

van revdax 15:30 GMT June 1, 2005 Reply   
hk ab 15:28//A below mid-point closing today could be a possible reversal tomorrow.

van revdax 15:28 GMT June 1, 2005 Reply   
HK Kevin 15:06 //time to book in your profit on $/JY???

hk ab 15:28 GMT June 1, 2005 Reply   
revdax, a move of upside or downside?

I think oil is biasing the cad....

van revdax 15:27 GMT June 1, 2005 Reply   
hk ab 15:15 //$/CAD may be ready for a move tomorrow...imo

jed 15:27 GMT June 1, 2005 Reply   
Dallas GEP 15:20 GMT June 1, 2005
1.2210 target short on EUR

thanks gep

Toronto 15:25 GMT June 1, 2005 Reply   
left my eur/usd short...no real reason...need to overcome my inability to let profits run...

GEP, do you expect eur/usd to go higher any time soon? I want to re-enter...possibly around the 1.227X level

Va Raven 15:24 GMT June 1, 2005 Reply   
This is "wave 3", expecting one more "wave" to see 1.21 handle, yes, this week.

Dallas GEP 15:20 GMT June 1, 2005 Reply   
1.2210 target short on EUR

DC BK 15:19 GMT June 1, 2005 Reply   
answered my own question--shoulda waited 20 more pips...

hk ab 15:15 GMT June 1, 2005 Reply   
The dlr/cad is fooled around by the oil price temporarily.

We need to see whether oil is mighty to eye 60 or not first.

London. 15:13 GMT June 1, 2005 Reply   
FOREX-Dollar higher: U.S. ISM report shrugged off
NEW YORK, June 1 (Reuters) - The dollar rose to 7-1/2-month highs against the euro on Wednesday, driven by worries about possible failure of the European Monetary Union, as traders shrugged off a softer-than-expected U.S. manufacturing report.
The euro hit the low against the dollar at $1.2224, according to Reuters data, on a report that possible failure of the European Monetary Union was discussed at a meeting attended by high-level German financial officials.
The euro initially slipped to around $1.2236, according to Reuters data, from around $1.2255 shortly before the (U.S.) Institute for Supply Management's report and down about 0.6 percent from levels late on Tuesday in New York.
However, by late morning in New York, the euro had recovered to around $1.2264.
The ISM May manufacturing index was 51.4, below economists' forecasts of a 52.1 reading.
"This isn't enough to set off course the underlying bull trend in the dollar," said John Beerling, regional foreign exchange trading desk manager with Wells Fargo in Minneapolis.
"The headline ISM number was a little weaker than expected but not off too much. The prices paid component, though, was quite a lot lower than expected. There was initial selling of dollars on that, which has reversed now," Beerling said.
The weaker prices-paid component suggested the Federal Reserve would not have to step up the pace of interest rate increases, which generally benefit the dollar.
Against the yen the dollar traded at 108.25 yen.
DOUBTS ON EUROPEAN REFORM
A source who attended the routine meeting last week said Finance Minister Hans Eichel and Bundesbank President Axel Weber were present but did not take part in any discussion on the future of the system that gave birth to the euro.
he report, in Germany's Stern magazine, led the German central bank to issue a statement that it rules out the failure of the EMU. It added that Weber and Eichel saw the euro as a "unique success story."
The report compounded market concerns about stability in the euro zone following a decisive "no" to the European Union constitution in France on Sunday. The Netherlands is expected to reject the charter by a wide margin on Wednesday.
In addition, weak economic data showed the euro zone manufacturing sector contracted for a second month in May as output and exports shrank in two of the bloc's top three economies. The NTC Research Eurozone Purchasing Managers' Index fell to a 22-month low of 48.7 in May from 49.2 in April.
France's rejection of the EU constitution has cast doubt on the future of European policy-making and economic reform at a time of anemic growth and low confidence.
"The question is what the margin (of "no") is going to be. The market is expecting about 55 percent. If it comes in at 60 percent, that would be pretty substantial and would increase momentum in favor of the buck," said Tim Mazanec, senior currency strategist with Investors Bank & Trust in Boston.
Europe's woes contrasted with the economic situation in the United States, where interest rates were expected to continue rising at a gradual pace, boosting yields on dollar deposits.
In the options market, implied volatility on one-month euro/dollar contracts rose to the highest level since late January. Volatility jumped to a midpoint of around 9.4 percent on Wednesday from 9.2 percent late on Tuesday, according to Reuters data. That rise in implied volatility reflects the euro's fall into new ranges in the spot market.

Bahrain Within 10 Pips 15:13 GMT June 1, 2005 Reply   
Euro is in Love with 1.1950

jed 15:12 GMT June 1, 2005 Reply   
Dallas GEP
what is the target for eur short
thanks

jed 15:12 GMT June 1, 2005 Reply   
Dallas GEP
what is the target for eur short
thanks

Toronto MRC 15:11 GMT June 1, 2005 Reply   
JB it would take a good steady push to make the weak shorts implode. A lower then expect non vote could do the trick.

los angeles ss 15:11 GMT June 1, 2005 Reply   
Thanks gep, in a short now. 10 pips, so you mean the euro downdraft?

Bahrain Within 10 Pips 15:10 GMT June 1, 2005 Reply   
Should be soon

Dallas GEP 15:09 GMT June 1, 2005 Reply   
SS I think 1.2210

los angeles ss 15:09 GMT June 1, 2005 Reply   
Gep, where do you think euro will retrace to, as low as 1.2230?

HK Kevin 15:08 GMT June 1, 2005 Reply   
hk ab 15:05 GMT, 1.2230 very important support for EUR, think it may test again and again before a mid-term (300-300 pips) correction.

Bahrain Within 10 Pips 15:08 GMT June 1, 2005 Reply   
added more short to Aussie euro and Cable here

HK Kevin 15:06 GMT June 1, 2005 Reply   
USD/JPY closes under 108.30 this hr is not good for short term. Still holding short from 108.12 and 108.82, tp at 107.80 and 107.20.

hk ab 15:05 GMT June 1, 2005 Reply   
qq// you may say "feel so lucky" later.

chgo JB 15:05 GMT June 1, 2005 Reply   
Toronto MRC 15:03 GMT June 1, 2005
JB I agree but dont know if the market has the strength to push that high.

I don't think it would take strength, just one simple round of short covering would do the trick... we have yet to see one in this one-directional move

hk ab 15:05 GMT June 1, 2005 Reply   
Zorro, did u catch 1.2222 as mentioned?

NYC JD 15:04 GMT June 1, 2005 Reply   
lol....A case of NOT first come first serve BUT first serve first come....lol....

ldn red 15:03 GMT June 1, 2005 Reply   
chgo JB 14:56

cant disagree as i cant say i have given overhead line in sand much thought yet, but for me 85/90 is first logical resistance it would need to overcome

Toronto MRC 15:03 GMT June 1, 2005 Reply   
JB I agree but dont know if the market has the strength to push that high.

Goes SpongeBob 15:00 GMT June 1, 2005 Reply   
Rivonia PipPirate 14:57 GMT June 1, 2005

can happen, will get €150/- penalty or erection (if will happen, it will be with policewoman)... :-)

Dallas GEP 14:59 GMT June 1, 2005 Reply   
Sellers of Euro are coming in around the 1.2272 area. It has happened twice already. Could drop like a rock. LOL

Rivonia PipPirate 14:57 GMT June 1, 2005 Reply   
picture this: Goes SpongeBob smaokin a tulip while asking a policeman for erection

chgo JB 14:56 GMT June 1, 2005 Reply   
ldn red 14:54 GMT June 1, 2005

IMO, 1.2285/90 is nothing... Euro could easily trade to 1.2350 and still not damage the current bearish scenario...

mumbai kp 14:54 GMT June 1, 2005 Reply   
denver just went on your site disamally.com.....very interesting

thanks

ldn red 14:54 GMT June 1, 2005 Reply   
cad, if 1.2450 goes convincingly which is proving difficult then 1.24 is maybe a bit much but 1.2420 is poss i think. euro why not 1.2285/90?

Goes SpongeBob 14:50 GMT June 1, 2005 Reply   
Netherlands: merry a man, ask a policeman for a direction while smoking a joint in front of him, walk in the street while horny and knock on a door/window to work on it, enjoy the tulips, get free if you smuggle less than 5 KG of cocaine.

in other lands all the above will bring you to RIP, but in Holland you will be just another average guy.

gt

china qq 14:49 GMT June 1, 2005 Reply   
cad has already broken the trend line.. how far it will go??..anyone can tell.. where to reshort USD/CAD??anyone can tell ?

GER ad 14:48 GMT June 1, 2005 Reply   
EUR/USD,

If the EUR/USD dive again it is time to buy it IMHO.
A “NO” in Holland is already factored in but Fisher (FED) remarks not.

EUR/CAD,

I played with fire and got burnt, bought again lower and have now an average of 1.5294 but not happy right now with this position…

china qq 14:47 GMT June 1, 2005 Reply   
miss the time for longing AUS.. so .. so ...regret..

Ldn 14:46 GMT June 1, 2005 Reply   
Dallas Fed Pres Fisher tells CNBC that the Fed has more room to raise rates. Says low yields reflect confidence in Fed. 2-yr very firm with yield down 6.5 BP to 3.58%

china qq 14:43 GMT June 1, 2005 Reply   
heeh.. yeap.. exactly... even everyone knows the result will be No..........waiting for that time to short eur, much safer

Toronto 14:38 GMT June 1, 2005 Reply   
you mean the "NO" vote?...lol

china qq 14:37 GMT June 1, 2005 Reply   
..AFTER 6 hours later.. when the poll's result, then consider to short eur or not..better..watch for now..

Gen dk 14:35 GMT June 1, 2005 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

china qq 14:35 GMT June 1, 2005 Reply   
don't think it's right time to short eur now.. waiting higher position.. seems jpy ..start to climb..

Toronto 14:35 GMT June 1, 2005 Reply   
i'm also short euro @58
hope u're right

Dallas GEP 14:34 GMT June 1, 2005 Reply   
OK guys IMO, marginal or bad us data will be used to BUY USD on any rallies against it at this time esepcially with Dutch EU vote coming up. Euro could see 1.2280/85

Livingston nh 14:34 GMT June 1, 2005 Reply   
Dallas fed president is new - he'll learn that he is not supposed to say things like that - certificates of confiscation, anybody remember those?

Dallas GEP 14:33 GMT June 1, 2005 Reply   
Well who KNOWS MRC????

DC BK 14:32 GMT June 1, 2005 Reply   
AUD/USD. I had closed out my pos this morning at some gain. Now, back in with target of .7380, but maybe too soon (.7498) since it's rising (.7508 now). Opinions?

Toronto MRC 14:32 GMT June 1, 2005 Reply   
GEP hope you are wrong but good luck

Toronto MRC 14:30 GMT June 1, 2005 Reply   
A Fed Gov says the fed is in the 8th inning (of nine) suggesting rates may be about to pause.

ISM was poor US slowing.
Oil starts hurricane season at 52.3.
Dollar to strong to stimulate US.
10 year now at 3.90 ( I am in the camp that believes this is a risk aversion story and the 10 year is signaling a significant slow down in the US.

Dallas GEP 14:28 GMT June 1, 2005 Reply   
Shorted euro at 2262

Denver DAT 14:27 GMT June 1, 2005 Reply   
I posted the charts for the ISM manufacturing. I also put up a chart on all the historical data that I have from the 1970's. This puts the chart in a much more interesting perspective. But, regardless, the release has been falling for several months. It's not really looking good at this pace.

Dismally.com

Goes SpongeBob 14:23 GMT June 1, 2005 Reply   
EUR/CAD trading 1.5% below it's daily high

gt

usa G-8 14:21 GMT June 1, 2005 Reply   
nice currency/gold charts = scroll to bottom of page click on the currency.. and then click on button for duration.. A-1 page..

not affiliated in any way.. http://www.kitco.com/

HKG fei 14:18 GMT June 1, 2005 Reply   
buy more sfr NOW, it a good time to made $$$

la oleg 14:18 GMT June 1, 2005 Reply   
cad is the king of forex.
usd/cad is a sell on rallies. anything into mid-1.25, if you can get it, should work.

Bahrain Within 10 Pips 14:18 GMT June 1, 2005 Reply   
Short Eur/GBP _______-> 6610

usa G-8 14:16 GMT June 1, 2005 Reply   
GOLD/MAJORcurrencies.. http://tinyurl.com/duyx4

Bahrain Within 10 Pips 14:13 GMT June 1, 2005 Reply   
I don't think U should trade CAD..
More short then Long.
Leaving it alone is better

usa G-8 14:13 GMT June 1, 2005 Reply   
Clarity .. I'm flat all 4x but will be shorting ALL EU/USD rallies..

fwiw

ldn red 14:12 GMT June 1, 2005 Reply   
toronto, market talked itself into bad number and in the end it came out neutral or maybe v slightly plus if estimates were around 51. same may happen for nfp but at the moment estimates are still around+180k

Bahrain Within 10 Pips 14:12 GMT June 1, 2005 Reply   
AUD/USD...short at 0.75 ________> 7360

usa G-8 14:11 GMT June 1, 2005 Reply   
Dutch: "EURO IS killing our economy" http://tinyurl.com/an35f

Indonesia-Solo Raden Mas 14:10 GMT June 1, 2005 Reply   
Los Angeles ss
I am ready in chat now. please call me there. I wait.

Toronto 14:10 GMT June 1, 2005 Reply   
this makes no sense

Toronto MRC 14:09 GMT June 1, 2005 Reply   
markets moving with no relation to data.

moscow mi 14:08 GMT June 1, 2005 Reply   
Went long on on $cad on 1/3 retracement of recent rally from March at 2450... target 1.27+,1.3+

jed 14:07 GMT June 1, 2005 Reply   
hi all
corrct me
iam make long usd/cad at this point 1.2460
thanks

ldn red 14:06 GMT June 1, 2005 Reply   
headline prob neutral in the end but emp falls to 48.8 v 52.3

Bahrain Within 10 Pips 14:06 GMT June 1, 2005 Reply   
Cable wants a nose dive I think

Toronto MRC 14:03 GMT June 1, 2005 Reply   
3.92 10 year

HKG fei 14:03 GMT June 1, 2005 Reply   
HK Kevin

Eur start going up, feeling good?

Indonesia-Solo Raden Mas 14:03 GMT June 1, 2005 Reply   
let me say see u later..

Indonesia-Solo Raden Mas 14:01 GMT June 1, 2005 Reply   
EUR/USD
Level buy: 1.2179
Level sell : 1.2366, 1.2588, 1.2798, 1.2866

raden_masandi: USD/JPY
Level buy : 108.20, 106.39 , 106.31, 105.73
Level sell : 108.51, 108.81, 109.27, 109.39, 109.66

raden_masandi: USD/CHF
Level buy : 1.2437, 1.2378, 1.2340, 1.2040, 1.1863, 1.1752
Level sell : 1.2506, 1.2533, 1.2590, 1.2729

raden_masandi: AUD/USD
Level buy : 0.7517, 0.7474
Level sell : 0.7586, 0.7680/0.7697, 0.7721, 0.7761, 0.7780

raden_masandi: GOLD/LOCO LONDON
Level buy : 414.65(done), 404.54
Level sell : 422.88, , 424.28, 426.72, 428.17, 430.44

raden_masandi: INDEX HANG SENG (HONGKONG)
Level buy : 13713, 13641, 13533, 13391
Level sell : 13931(done), 14025, 4171

raden_masandi: INDEX NIKKEI-225 (JEPANG)
Level buy : 11218 (done), 11036, 10923, 11128, 10923
Level sell : 11368, 11511, 11553, 11739

los angeles ss 14:01 GMT June 1, 2005 Reply   
Jim, expected?

Toronto MRC 14:01 GMT June 1, 2005 Reply   
51 and change

Toronto 14:01 GMT June 1, 2005 Reply   
anyone know the ISM number?

New York 14:01 GMT June 1, 2005 Reply   
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Riga Jim 14:00 GMT June 1, 2005 Reply   
51.4

los angeles ss 14:00 GMT June 1, 2005 Reply   
Hello Raden!

Gen dk 13:59 GMT June 1, 2005 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

HKG fei 13:59 GMT June 1, 2005 Reply   
HK Kevin

ok lets get profit for selling $$$$$

Indonesia-Solo Raden Mas 13:59 GMT June 1, 2005 Reply   
hello my old friends..
I hope good news from you.

HK Kevin 13:56 GMT June 1, 2005 Reply   
HKG fei 13:43 GMT, "Today Special" is reserved for our old friend Revdax. Anyway. I am also looking for a buy signal of EUR

Toronto 13:54 GMT June 1, 2005 Reply   
ISM data out soon

Bahrain Within 10 Pips 13:53 GMT June 1, 2005 Reply   
eur/jpy short..and + 20 Pips
heading 1.3060

HKG fei 13:49 GMT June 1, 2005 Reply   
stop lost at 1.2560

Dallas GEP 13:47 GMT June 1, 2005 Reply   
BOC, I am sure you will be glad to know I have already stopped out!!! LOL

Goes SpongeBob 13:46 GMT June 1, 2005 Reply   
running EUR long averaged 1.2253 ... s/l and t/p as below ... time for EZ data to make US shy ... as no attention paid to positive EZ data, I think that big money picking the EUR ... this US deficit makes me to go with ccy. paying 50% for holding it.

gt


Goes SpongeBob 09:33 GMT June 1, 2005
guts are not enough for the current market conditions, placed position doubling order @ 1.2222 and removed s/l for both to 1.2172 ... that's it for the rest of the week, going easy!

gt


Goes SpongeBob 08:37 GMT June 1, 2005
good morning,

long €/$ @ 1.2280 ... s/l @ 1.2230 ... 1st t/p @ 1.2370 ... 2nd t/p @ 1.2430 ... 3rd t/p @ we will see

gt all

Gen dk 13:44 GMT June 1, 2005 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

HKG fei 13:43 GMT June 1, 2005 Reply   
Today Specail

Buy Sfr Now 1.252x and closing your eye looking for
1.16xx within 3 weeks

dollar is going a U turn

Ottawa BOC 13:36 GMT June 1, 2005 Reply   
Dallas, are you going to double up the losing position, or stop out at any point?

mumbai kp 13:30 GMT June 1, 2005 Reply   
perrie como

Sorry Mate....did not repsond earleir thanks for your feed back

Livingston nh 13:29 GMT June 1, 2005 Reply   
jb - primary sources are the best place for data not some commentator's opinion - ISM website

Dallas GEP 13:29 GMT June 1, 2005 Reply   
No Toronto I don't

Dallas GEP 13:28 GMT June 1, 2005 Reply   
Cad LONG I mean!!!

Toronto 13:28 GMT June 1, 2005 Reply   
Dallas,

do you still have your euro long from yesterday?

Dallas GEP 13:27 GMT June 1, 2005 Reply   
CAD short was premature.

Bahrain Within 10 Pips 13:26 GMT June 1, 2005 Reply   
eur/chf heading to 1.5160
I would short MKT

chgo JB 13:26 GMT June 1, 2005 Reply   
Livingston nh 13:20 GMT June 1, 2005

the accepted convention is that ISM readings below 50 indicate contraction... where are you getting this 42.7 figure..?

Bahrain Within 10 Pips 13:24 GMT June 1, 2005 Reply   
Eur/chf is still short...

ldn red 13:23 GMT June 1, 2005 Reply   
i have cad as breaking trendline rally since march, maybe that caused some fuss

Toronto MRC 13:23 GMT June 1, 2005 Reply   
last post not directed at you GEP

Toronto MRC 13:22 GMT June 1, 2005 Reply   
cad has become a safe haven currency?

Dallas GEP 13:21 GMT June 1, 2005 Reply   
Long USD/cAD

GER ad 13:21 GMT June 1, 2005 Reply   
Toronto MRC,
EUR/CHF rebound, maybe an official bid...

Livingston nh 13:20 GMT June 1, 2005 Reply   
The ISM manufacturing figs have been in a steady monthly decline since Spring of 2004 (anything above 42.7 is still expanding economy so 50 is no big deal) - Chicago PMI has hopped around a lot so is not much of a predictor

Bahrain Within 10 Pips 13:17 GMT June 1, 2005 Reply   
Long USD/JPY

Toronto MRC 13:17 GMT June 1, 2005 Reply   
chf is realy screwing things up. what is going on?

CAIRO AG 13:16 GMT June 1, 2005 Reply   
CAD, if it will re-long, will do that from 1.2493 IMO.

GL

ldn red 13:16 GMT June 1, 2005 Reply   
kiwi yen makes interesting formation on daily chart, appears to be a head and shoulders, very nice fit in fact

Bahrain Within 10 Pips 13:14 GMT June 1, 2005 Reply   
USD/CAD...is Just Weired right!!
Forget this pair for a while IMO

Dallas GEP 13:13 GMT June 1, 2005 Reply   
REst of CAD shorts closed as well

Gold Coast RC 13:13 GMT June 1, 2005 Reply   
Martin you said aus would hit 74++ weds night just turned on the p/c very happy thanks

ldn red 13:12 GMT June 1, 2005 Reply   
Livingston nh

just my take but data appears to get worse and worse and now that oil consolidates, i cant see what realistically drives any further rate increases. but that aside, i would expect a big kneejerk to any sub 50 number and it may even be a twin bomber when friday jobs come sub 100k

Gen dk 13:09 GMT June 1, 2005 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Bahrain Within 10 Pips 13:08 GMT June 1, 2005 Reply   
Kiwi...Major short here

Livingston nh 13:07 GMT June 1, 2005 Reply   
ldn red - re: ISM and Fed -- mere coincidence rather than plan - Fed is still trying to find neutral - calls for a pause are much premature

CAIRO AG 13:06 GMT June 1, 2005 Reply   
Closed my cad shorts at 1.2520.

Only one open position now, cable long from 1.8105.

GL

ldn red 13:04 GMT June 1, 2005 Reply   
GEP, fed never raised if it went under 50. thats good enough for me.

Toronto 13:02 GMT June 1, 2005 Reply   
belize...telagu?

Bahrain Within 10 Pips 13:02 GMT June 1, 2005 Reply   
Might be early...shorted cable and euro

Manilkara 13:01 GMT June 1, 2005 Reply   
Toronto...in Belize.

Toronto MRC 13:01 GMT June 1, 2005 Reply   
Tough time reading this market.

Dallas GEP 13:00 GMT June 1, 2005 Reply   
Not sure Man....if it is BAD...any rallies against USD will probably sold against

ldn red 13:00 GMT June 1, 2005 Reply   
everyone sees lower ISM but no big guns risk estimate below 50.

Toronto 12:56 GMT June 1, 2005 Reply   
where is Manilkara?

Manilkara 12:54 GMT June 1, 2005 Reply   
GEP, is expected good or bad data for USA??

Eilat Dolphin 12:54 GMT June 1, 2005 Reply   
See you later. Mermaid call.

perrie como 12:53 GMT June 1, 2005 Reply   
have a nice squeeze...off for some country trekking now, as taking the advantage of being small

Ldn 12:52 GMT June 1, 2005 Reply   
Here they come !!!

EUR/USD: Parity Calls Heating Up, But Not Today

IFR NEWS

Dallas GEP 12:51 GMT June 1, 2005 Reply   
Warning!!! USD IMO will sell off some before data....probably best to stay out until 15 mins. AFTER data in 1 hour 10 minutes

perrie como 12:50 GMT June 1, 2005 Reply   
Ldn 12:47 GMT June 1, 2005
that's ol news....key is if there will be more or less then 30 pct participants ...near to final outcome at tokyo opening

Manilkara 12:48 GMT June 1, 2005 Reply   
Looks I did it wrong again. LOL

Ldn 12:47 GMT June 1, 2005 Reply   
New polls show Dutch 'No' to EU constitution steady at 59%
The Hague, June 01: One of the last polls on the eve of the Dutch referendum on the European Union Constitution showed the "No" camp steady at 59 per cent today.
http://www.zeenews.com/links/articles.asp?aid=220329&sid=WOR

perrie como 12:47 GMT June 1, 2005 Reply   
gold as a result of current financial imbalances might rise to 500 by year end

Halifax CB 12:45 GMT June 1, 2005 Reply   
BTW, though I don't usually talk about my trades, because I mentionned the usdjpy short near the upper res, I'll also say that i bailed on it at 62. Nothing if not cowardly (the spike in usdjpy and the corresponding in eurusd got me spooked.)

Manilkara 12:43 GMT June 1, 2005 Reply   
and my idea is to SAR at that level with 1.8110 as initial target.

GER ad 12:42 GMT June 1, 2005 Reply   
ldn red 12:36,
Looking for ~1.5380 at some point today

Bahrain Within 10 Pips 12:40 GMT June 1, 2005 Reply   
GBP/CHF getting Upset now

Manilkara 12:38 GMT June 1, 2005 Reply   
Long Gbp now 1.8116 Target 1.8245 SL 1.8080 Any comments?

gold coast martin 12:38 GMT June 1, 2005 Reply   
Tulsa 12:35 GMT June 1, 2005
lol..i actually do if current flows from asia continue through into ny session....strong momentum may bring the 17923 target very very close to realisation...i see a 18079....for now

Bahrain Within 10 Pips 12:37 GMT June 1, 2005 Reply   
euro...shorting with 35 Pips Lifts...to keep to 1.1970

GER ad 12:37 GMT June 1, 2005 Reply   
EUR/CHF,
Out at 1.5324

ldn red 12:36 GMT June 1, 2005 Reply   
GER ad 12:33 GMT June 1, 2005

think you have good chance GL

Tulsa 12:35 GMT June 1, 2005 Reply   
Martin, thanks. You dont expect the "home base" levels to be breaked today?

gold coast martin 12:34 GMT June 1, 2005 Reply   
Tulsa 12:24 GMT June 1, 2005
FWIW...also for the last 10 minutes market has had no correlation between the pairs...its becoming like the wild west show....if it continues for another 10 minutes better to square existing positions and wait for another 30 minutes....

GER ad 12:33 GMT June 1, 2005 Reply   
Playing with fire...
Long EUR/CAD at 1.5336
100 pips S/L

Halifax CB 12:33 GMT June 1, 2005 Reply   
Dallas GEP 12:12 GMT June 1, 2005
Re openings - opening NY at 09:00 local would put them at half an hour after the BLS releases (like NFP). Don't think they'd be too happy with that :).

perrie como 12:32 GMT June 1, 2005 Reply   
mumbai there was a record low production in SA ..plus some mideast countries last week had a meeting discussing to back their currencies to gold instead of dollar or eventually euros or yens

houston kenny 12:32 GMT June 1, 2005 Reply   
China's forex policy 'disturbance' to world economy: Utsumi
(Kyodo) _ Finance ministers from the Group of Eight nations are likely to engage in heated debate on China's fixed currency system during their meeting in London next week as it represents a "disturbance" to the world economy, according to Japan's former top financial diplomat.
"China is forced to buy the U.S. dollar heavily to keep the dollar-peg system, and many of such dollar purchases are sold for the euro and yen as part of efforts to diversify its currency holdings," Makoto Utsumi, a former vice minister of finance for international affairs, told Kyodo News recently.

"Such operations strengthen the value of the yen and euro, which is annoying for Japan," he said. "I would say this is a disturbing factor" for the world economy and foreign exchange markets.

Utsumi, now president of the Japan Credit Rating Agency, said China appears ready to move to a more flexible exchange rate system. He predicted that Beijing will act in the July-September quarter before the U.S. Treasury Department issues its next semiannual report on trade and exchange rates in October.

"This issue has developed into a political dispute," he said, referring to a spate of demands from senior U.S. officials and lawmakers that China revalue the yuan as soon as possible.

"I don't think China feels comfortable pegging the yuan only to the dollar," he said, suggesting the country should peg the yuan to a basket of currencies with a range of fluctuations, with the basket gradually expanding. ADVERTISEMENT



The G-8 finance ministers will meet in London for two days from June 10, with China's economy and currency system, continued highs in oil prices and ways to spur development in Africa expected to top the agenda.

The G-8 consists of the Group of Seven major industrialized nations -- Britain, Canada, France, Germany, Italy, Japan and the United States -- plus Russia.

On oil prices, Utsumi said current levels above $50 a barrel are "too high" and detrimental to the world economy, especially resource-scarce developing countries.

Utsumi said high oil prices -- which are attributed mainly to surging demand from emerging economies such as China and India --should fall below $40 a barrel.

"I'm paying attention to how the G-8 members will call for stability in oil prices while balancing the interests of Russia, a major oil producing country, and other consuming nations," he said.

Excessive rises in oil prices do not benefit producers in the long run because they would promote development and use of other energy sources, such as natural gas and wind power, he said.

As for African development, Utsumi said he does not expect the upcoming meeting to produce tangible results as Europe differs from Japan and the United States over ways to create fresh financing on aid and spur debt reduction.

Japan and the United States have dismissed a British plan, called the International Finance Facility, under which loans raised in capital markets could be secured by pledges from the rich.

Washington also opposes a British proposal that the International Monetary Fund sell or revalue some of its gold reserves to fund increased aid.

Bahrain Within 10 Pips 12:31 GMT June 1, 2005 Reply   
if GBP/CHF takes this rally.... > 2.28

gold coast martin 12:30 GMT June 1, 2005 Reply   
Tulsa 12:24 GMT June 1, 2005
18150 should be ok...if 18153 breached 18168 is next.....but remember the home base is always back to 18108-13 today..no matter which level its at....g.t

MUMBAI KP 12:29 GMT June 1, 2005 Reply   
FRDS IF ANYONE TRACKING GOLD ...GOLD HASNT COME OFF MUCH INSPITE OF EURO COMMING OFF ALMOST BY 300 PIPS ....
FEED BACK PLS....
THANKS IN ADVANCE

perrie como 12:28 GMT June 1, 2005 Reply   
Eilat Dolphin 12:20 GMT June 1, 2005
guess the future will be very different as the keynesian style economies we have lived last 50 years and those before of victorian heroic colonialism styles...

laisure pleasure and workaholics....your choice...btw the gdp is rising not for the productive average people but for other reasongs methinks ..buildings, bridges, war machinery food at first...while services is just a way to have people employed but hard to tell the production in classic terms of a service..

shd you take a look at jamesrobertson.com there's plenty of interesting material

plus do not forget aging, social imbalances, medicare, debts burdens...guess a sort of IIIWW to start soon..next month or 2010 changes little my life and my pockets

melbourne farmacia 12:28 GMT June 1, 2005 Reply   
Sfx - if around, lower channel in play - 1.2225 – re: yesterdays image...

Eilat Dolphin 12:28 GMT June 1, 2005 Reply   
YL/... If your name is Yndiana Lones... ;^)

Singapore YL 12:25 GMT June 1, 2005 Reply   
anyone: so should I short eur/usd now?

Bahrain Within 10 Pips 12:25 GMT June 1, 2005 Reply   
Gep from Ur Level...Heading to 1.8020

Dallas GEP 12:25 GMT June 1, 2005 Reply   
No I wouldn't add at this time

Tulsa 12:24 GMT June 1, 2005 Reply   
Martin, you see a bounce to 1.8150 or higher now??

Dallas GEP 12:23 GMT June 1, 2005 Reply   
Whippy, whippy......look for some usd shorts prior to ISM data should see IMO GBP at 1.8130 and euro at 1.2260 or MORE prior to data

Eilat Dolphin 12:20 GMT June 1, 2005 Reply   
Como/ Yes, a devaluation in disguise, including possibly the noises we had this morning out of Germany: how could Euro products compete with $ ones with a 1.33 rate ?
Europe had never been more productive than the US since Napoleon sold Mississipi, and it's not going to change.

gold coast martin 12:20 GMT June 1, 2005 Reply   
Tulsa 12:17 GMT June 1, 2005
yeap..It should bounce from there,....

Tulsa 12:17 GMT June 1, 2005 Reply   
Martin, Cable just reached your initial weekly target. Is due for a rebound now??

jkt rick 12:17 GMT June 1, 2005 Reply   
Dc BK, if the euro continues it slide towards 1.1968 then the aud will break its long term support currently around 74/73.50.

Bahrain Within 10 Pips 12:16 GMT June 1, 2005 Reply   
GBP/CHF...up to something!!

perrie como 12:13 GMT June 1, 2005 Reply   
Eilat Dolphin 12:10 GMT June 1, 2005

as a general you might be rite but guess the market might stay side for some weeks now

maybe the frenchies got It right at the end as was a good excuse to devaluate the euro methinks

jed 12:12 GMT June 1, 2005 Reply   
hi Dallas GEP
i can add more for short usd/chf from this point 2511
thanks

Dallas GEP 12:12 GMT June 1, 2005 Reply   
Well NY doesn't open until an hour from now

CAIRO AG 12:12 GMT June 1, 2005 Reply   
Long Cable 1.8105, stop 25 pips.

Eilat Dolphin 12:10 GMT June 1, 2005 Reply   
Hi all! I am still in a mourning mode for the loss of my political virginity with my miss on the French vote result; and it is but little confort to see that the no wasn't priced in yet in, by 300 ps already, but no loss of pips, as I never go against French pollists: I know them too well: they simply don't miss.

I did follow your posts however, and the tape when I could.
Eurella is very oversold by now on all times frames.
On the daylies, she is even flirting with the 3.0/20 trend line, a rare occurence on either side of E/$.

The last time it occured was years ago. In other words, it' getting kind of safe to take her for a long ride, as you guys tore her robe and peeled her down to her string.
Poor thing.

Halifax CB 12:09 GMT June 1, 2005 Reply   
Toronto MRC 12:03 GMT June 1, 2005
No, it's just NY open. The retrace followed by continuation seems to have become the theme of NY and London opennings.

Bahrain Within 10 Pips 12:08 GMT June 1, 2005 Reply   
GBP/CHF...Puzzling me..
Seems like buy here//(???)

Livingston nh 12:07 GMT June 1, 2005 Reply   
YL - thanx - so it is sort of like the Nice Treaty

Dallas GEP 12:07 GMT June 1, 2005 Reply   
well could be some dollar buying to set up possies before dat...dunno

Bahrain Within 10 Pips 12:06 GMT June 1, 2005 Reply   
shorting aud/JPY on 20 pips Lifts

perrie como 12:04 GMT June 1, 2005 Reply   
so put It this way europe is a mess, but so the whole world It seems...what the outcome of an iran occupation/liberation anyone...saw some interesting charts on the 1991 developments yesterday, but seemingly conditions little different nowadays

DC BK 12:03 GMT June 1, 2005 Reply   
jkt rick, for 2 weeks I've been short aud/usd and waiting for the drop that is happening now--finally, would love to see it go down, down, down.

Singapore YL 12:03 GMT June 1, 2005 Reply   
Livingston nh 11:59 GMT June 1, 2005

I heard there's another clause saying if 3/4 people (or their gov) in eur vote yes, the constitution problem could be brought up again: at that time those NO countries can choose to revote or withdraw from EU

Toronto MRC 12:03 GMT June 1, 2005 Reply   
Did we just get news

perrie como 12:02 GMT June 1, 2005 Reply   
tallin tallin

Tallinn viies 12:00 GMT June 1, 2005 Reply   
LONDON (Dow Jones)--The resilience of Germany's exporters continues to be one of the euro-zone economy's few strong points, but they alone are unable to halt the currency area's slide toward stagnation.

According to figures released Wednesday by the European Union's official statistics agency Eurostat, euro-zone domestic demand was flat during the first three months of the year.

Only a small rise in exports, coupled with a large fall in imports, made it possible for the economy to grow by 0.5% from the previous quarter.

However, surveys of manufacturing activity also released Wednesday indicate that relatively strong growth performance won't be sustained in the second quarter, or for the year as a whole.

The purchasing managers index for the sector fell further below the 50.0 break-even point in May, pointing to a decline in activity for the second straight month. At 48.7, the index hit a 22-month low.

The outlook isn't encouraging, with new orders declining at the fastest rate since July 2003. Indeed, export orders fell for the first time since August 2003.

"This is a really depressing set of surveys, with manufacturing weakness now widespread across the euro zone," said Howard Archer, an economist at Global Insight.

With the manufacturing sector in recession, the E.U. Commission cut its growth forecast for the second quarter to 0.1-0.5% from 0.2-0.6% previously. According to Lehman Brothers, the actual outcome is likely to be toward the lower end of that range at 0.2%.

Manufacturing weakness is widespread, but not uniform. Germany's exporters actually reported a rise in new orders for the 22nd consecutive month in May, despite a still-strong euro, high oil prices and stiff competition from eastern Europe and Asia.

To sustain that performance, however, German manufacturers continued to cut payrolls, as did their counterparts across the euro zone. That means the jobless rate in the currency area is unlikely to fall below the 8.9% recorded in April, when the number of unemployed stood at 13 million.

With so many Europeans out of work, consumer confidence is unlikely to strengthen soon, and is likely to weaken. Consumer spending rose by 0.3% in the first quarter, half the rate of the fourth quarter of 2004, and looks set to slow further.

Meanwhile, businesses cut investment in the first quarter, and governments cut spending. Without a strong export performance, the euro zone economy appears headed for stagnation, or possibly recession.

The one source of hope is the euro's recent depreciation. Since peaking at $1.36 against the dollar at the start of the year, it has fallen by over 10%. For German exporters, that may be enough to continue their strong performance of recent years. But much more will be needed if the euro-zone economy is to do more than barely grow.


perrie como 11:59 GMT June 1, 2005 Reply   
Dallas GEP 11:52 GMT June 1, 2005

might be but guess just smaller ones survived the squeeze...as the big might be already sat methink

am personally for a very low participation in the dutch referendum and might be as a result the vote to be a surprise this tokyo opening.....

but don't follow me pls..as am thiny and nosense at times for what a sense in chaos is appliable

Livingston nh 11:59 GMT June 1, 2005 Reply   
Anybody -- I understood that the EU Constitution approval had to be unanimous - France votes NON = no unanimity = no Constitution //Why is the matter still being discussed in EU? Is the EUR now different than last week?

Bahrain Within 10 Pips 11:58 GMT June 1, 2005 Reply   
euro/cad...shorting 1.54 area

perrie como 11:56 GMT June 1, 2005 Reply   
"Let's look at it simply. The most important difference between North Korea and Iraq is that economically, we just had no choice in Iraq. The country swims on a sea of oil." *

US deputy defence secretary, Paul Wolfowitz, in Singapore, 31 May-1 June, 2003

"...for reasons that have a lot to do with the US government bureaucracy, we settled on the one issue that everyone could agree on: weapons of mass destruction."

Paul Wolfowitz, Vanity Fair magazine, May 2003


http://www.wolfatthedoor.org.uk/

DC BK 11:55 GMT June 1, 2005 Reply   
Their two opinions just led me to 20 pips quick money. So, I'm thankful.

Beijing Laowen 11:29 GMT June 1, 2005
DC BK 11:26 GMT June 1, 2005 //

GEP and martin are opposed on $/Cad move this time. Hehe.

nablus alaa 11:55 GMT June 1, 2005 Reply   
u will the gpb usd 1.7706 sooner

jkt rick 11:54 GMT June 1, 2005 Reply   
hi friends,

i have this very strong thinking that the australian dollaar is about to crash (currently at .7491) but i wont be trading this in a big way as it hasnt moved south as it should have been. it would be intresting if it did give a 500 pip slide and i was not a part of it.

Dallas GEP 11:52 GMT June 1, 2005 Reply   
COMO.....possible but I think people will be selling euros on rallies

Bahrain Within 10 Pips 11:51 GMT June 1, 2005 Reply   
Yes Gep...doesnot seem strong...I agree

Dallas GEP 11:51 GMT June 1, 2005 Reply   
RE: usd/chf shorts...I would close them IF and when EUR/USD prints 1.2280

perrie como 11:49 GMT June 1, 2005 Reply   
are those datas strong enough to bring eurusd 12350

Dallas GEP 11:46 GMT June 1, 2005 Reply   
10 pips that is good until 197.30 on gbp/jpy IMO

Dallas GEP 11:46 GMT June 1, 2005 Reply   
Sold USD/CHF 1.2492....target 1.2460....assumes 1.2280/85 euro

Bahrain Within 10 Pips 11:44 GMT June 1, 2005 Reply   
Very small Long GBP/JPY here

Tallinn viies 11:40 GMT June 1, 2005 Reply   
LONDON (AFX) - The euro slipped to a new eight-month low as it continued to be weighed down by the political fallout from the French 'no' vote at the weekend and today's expected resounding rejection of the draft EU constitution from the Netherlands.

On top of that, the euro was also undermined by further disappointing euro zone economic news and a report in Stern magazine suggesting that German officials have discussed the possible collapse of the single currency.

Though a spokesman for German finance minister Hans Eichel sought to downplay the report, the report fitted in with the underlying gloom surrounding the euro.

"The story, combined with weak data out of the euro zone, as well as the likely Dutch rejection of the EU constitution today, sets a very negative bias for the euro today," said Mitul Kotecha, head of global currency research at CALYON.

The euro has suffered over the last day or so as the appointment of Dominique de Villepin as the new French Prime Minister failed to capture the market's imagination.

Analysts said de Villepin's appointment holds out little promise of wide-ranging economic reforms in the country or in the EU as a whole.

"Euro selling yesterday was reinvigorated by news that de Villepin would be appointed the new French Prime Minister, which was a disappointment to those hoping for the more market-friendly Nicolas Sarkozy," said censored analyst Ashley Davies.

The euro has been on the backfoot in recent weeks by fears the French and the Dutch would vote against the constitution as well as concerns about the state of the euro zone economy.

Investors have placed greater importance on developments related to interest rate differentials than structural concerns relating to the US twin deficits.

Today's euro zone economic data was a case in point, reinforcing expectations that the European Central Bank not raise interest rates any time soon, at a time when the US Federal Reserve will continue to raise the cost of borrowing in a measured way over the months ahead.

Official figures showed that German retail sales in April were down 3 pct in real terms year-on-year, while further evidence of a contracting euro zone manufacturing sector emerged.

The purchasing managers' index for the 12-nation single currency zone fell to a 22-month low of 48.7 in May from 49.2 in April, sources said.

The reading is below analysts' expectations for a more modest drop to 49.0. A reading above 50 indicates that the manufacturing sector is generally expanding, while a reading below 50 suggests that it is generally contracting.

Elsewhere, the pound drifted lower after this morning's Bank of England lending data and the monthly manufacturing PMI survey, both of which, on balance, disappointed on the downside.

Analyts said the PMI survey caused the most concern, with its headline index of activity falling to 47.3 in May from a downwardly revised 49.1 in April and expectations of a modest improvement to 50.0.

"The PMI reports all-round weakness in the manufacturing sector with output, orders and employment all falling and generally at their fastest rate since the time of the Iraq war," said Royal Bank of Scotland analyst Geoff Dicks.

"For much of the last two years the UK readings have been consistently stronger than those in the euro area - we are now reporting a faster rate of contraction," he added.

Bahrain Within 10 Pips 11:39 GMT June 1, 2005 Reply   
Funny...USD/CAd..getting sell Impression

Bahrain Within 10 Pips 11:39 GMT June 1, 2005 Reply   
Good Day all..
Good action Here ha?
Doing some PT ing here..
Shorted Eur/Yen
and CHF/yen
MKT

gold coast martin 11:37 GMT June 1, 2005 Reply   
Toronto MRC 11:29 GMT June 1, 2005
No speculators in times like now lol...Just exporters conducting their business (the fear of sub 105 still haunts them) lol....so any impact will be temporary....

jkt rick 11:32 GMT June 1, 2005 Reply   
euro 1.2250 think the euro will bottom at 1.1968, lets see how it goes.

gold coast martin 11:32 GMT June 1, 2005 Reply   
10 minutes before AND AFTER the data.....correction

perrie como 11:30 GMT June 1, 2005 Reply   
Research and Markets: Implications for Mankind as Fossil Fuels Oil & Gas Take the Inevitable Route That Is Depletion


http://biz.yahoo.com/prnews/050531/datu034.html?.v=13

Beijing Laowen 11:29 GMT June 1, 2005 Reply   
DC BK 11:26 GMT June 1, 2005 //

GEP and martin are opposed on $/Cad move this time. Hehe.

Toronto MRC 11:29 GMT June 1, 2005 Reply   
Martin are these exporters selling at that level or speculators... if you can tell?

Dallas GEP 11:27 GMT June 1, 2005 Reply   
NP BK....ISM could be HUGE market mover out in 2.5 hours

gold coast martin 11:26 GMT June 1, 2005 Reply   
Beijing Laowen 11:11 GMT June 1, 2005
125?....MMM..need to run correlation where cad will be when euro @12280-90...let you know...

Toronto MRC...i have a target for my long at 19889 as per early post and post of 2 days ago...10889 leevel should hold as todays euro momentum has not had as much effect on yen as other pairs.....at the 10889 level right now there are more sell orders than buy orders awaiting for execution.....they are sizeabel as well....so there is a very good chance that it will hold unless the US data is overwhelming which will cause re-positioning..but that will show 10 minutes before the data....lol...g.t

DC BK 11:26 GMT June 1, 2005 Reply   
GEP and Martin, thanks on USD/CAD info

Halifax CB 11:22 GMT June 1, 2005 Reply   
martin - re usdjpy, we seem to be working opposite sides of the same contract. You take your profit, then I'll take mine, wink, wink, nudge,nudge :)

Singapore YL 11:21 GMT June 1, 2005 Reply   
China's "securities" is a misnomer--it should be termed "perils" .

perrie como 11:20 GMT June 1, 2005 Reply   
sounds as global stocks heavy times ahead
but they recently said next 30 bios $ of surplusses to buy oil instead of bonds
warclimax ..iran

gold coast martin 11:18 GMT June 1, 2005 Reply   
Halifax CB 11:12 GMT June 1, 2005
LOL....always the scholar CB.... spelling on FF has not been a strong point...lol.......
btw....Yen 10889 happens to be my t/p2 for the week and i do expect a pullback from that level to 10818-21.....

Dallas GEP 11:18 GMT June 1, 2005 Reply   
OK closed SOME of the CAD shorts here.

Melbourne Qindex 11:18 GMT June 1, 2005 Reply   
Melbourne Qindex 10:23 GMT June 1, 2005
EUR/USD : Current expected trading ranges :-


... 1.2084* ... 1.2119* ... // 1.2154* - 1.2171 - 1.2188* - 1.2206 - [1.2223]* - 1.2240 - 1.2258* - 1.2275 - 1.2293* // ... 1.2327* ... 1.2362* ...


EUR/USD : The odds are still in favour of maintaining a short position. Speculative selling pressure will increase if the market is trading below 1.2223.

Toronto MRC 11:17 GMT June 1, 2005 Reply   
Martin Thanks for your last reply. How important is 108.90 on the yen? Does your flow data show this as a major resistance. How much usdjpy selling interest at that level?

London. 11:15 GMT June 1, 2005 Reply   
China's benchmark share index sank to its lowest level in more than eight years Wednesday as the government pushed forward its reform of the shareholding structure of listed companies. The China Securities Regulatory Commission said it plans to select a second batch of listed companies to participate in trial sales of nontradable shares, fueling concerns that the market would eventually be hit by a huge supply of stock that would depress share prices. Roughly two-thirds of shares in China's listed companies are nontradable and are usually owned by the state. Previous attempts to address this overhang on the market caused massive selling of stock in China, most notably in the middle of 2001.

Auckland peat 11:14 GMT June 1, 2005 Reply   
market was definitely one sided there
i've reduced from 8 mini-short positions down to 3

Halifax CB 11:12 GMT June 1, 2005 Reply   
martin - I always get a good deal out of your posts, but can't refrain from mentionning the (Freudian?) slip in your 11:03 - re the "unwounding" of fund positions, I think first aid is probably a little late for many, lol....

Beijing Laowen 11:11 GMT June 1, 2005 Reply   
gold coast martin 10:57 GMT June 1, 2005 //

Loonie always surprised me on even better entry point and swing range. Maybe we can have better entry below 1.25 for LONG? My gut said so and IMHO. GT and GL!

Tallinn viies 11:10 GMT June 1, 2005 Reply   
good day all,
still keeping my fingers away :)
anyway, critical resistance for next 24 hours is 1,2295/00.
move over this level could take some pressure off from pair.
support at 1,2225/30 which is very close right now and tempting to test see where current wave could bring us.
I wouldnt be too suprised if we see 1,2200/10 tested today.
relax rally possible after Dutch NO. also need to keep in mind NFP payrolls ahead
shoot first ask questions later
good luck

perrie como 11:09 GMT June 1, 2005 Reply   
interesting that fund stops area...

zig line zig and reverse bolly fuzzyfunds

Beijing Laowen 11:09 GMT June 1, 2005 Reply   
Closed last amount of Eur/Gbp short @0.6751, being not very patient with this slow pair, look to short it again if any rebounce can be seen. GT and GL! Altogether won 100+ pips for three lots on this pair after holding and adding them for more than 10 trading days. GT and GL. Thanks van Gecko, your SS view gave me more confidence.

Cbj Jake 11:08 GMT June 1, 2005 Reply   
D/XY - gap up 88.13

gold coast martin 11:03 GMT June 1, 2005 Reply   
Toronto MRC 10:55 GMT June 1, 2005
A heavily anchored ship still drifts .....the range expansion will be purely a pause in sellling which with the ny session opening will make euro drift up to 12290 levels waiting for the next unwounding of fund long positions....market is at the moment becoming one sided....a move to 12290 levels will give the market a bit more eveness.....same goes with other major pairs as well ..as per my early post....if you are day trading it is far better to wait for a drift than take existing short positions and get burned in the retracement ,only to see the euro resume its trend to sub 122 after that....g.t

Auckland peat 11:01 GMT June 1, 2005 Reply   
yeh cheers martin
i dont usually trade cable but i pretty much followed that trade as you posted it so clearly last nite - yeh it was a bit challenging along the way but feel a lot stronger now hahah

gold coast martin 10:57 GMT June 1, 2005 Reply   
Beijing Laowen 10:53 GMT June 1, 2005
Yeap definitely....especially as the loonie trades on its own agenda and stays in its tight range of the last 2 days ....looking to break out of the cage late ny session towards 126+ after its trip down to 12535-40-45 level....g.t

ldn red 10:57 GMT June 1, 2005 Reply   
i would not like to follow US investment houses blindly. some have not done too well lately ;)

Dallas GEP 10:56 GMT June 1, 2005 Reply   
Shorted usd/cad 1.2564....Stoch is down ant this is EXCELLENT level because it is pivot point area

Toronto MRC 10:55 GMT June 1, 2005 Reply   
gold coast martin 10:29 GMT June 1, 2005
Manilkara 10:20 GMT June 1, 2005

What do you see as the chances of such a range expansion? Euro seems like it is being drowned by a heavy anchor.

Ldn 10:54 GMT June 1, 2005 Reply   
JPY Outlook: Negative EUR Sentiment Reverberates

Beijing Laowen 10:53 GMT June 1, 2005 Reply   
Martin, thanks a lot! Do you think there is any chance to see $/Cad @1.2536/45 area today before NY closes? Thanks and GT!

Ldn 10:52 GMT June 1, 2005 Reply   
EUR/USD: US Investment Houses Looking To Open The Flood Gates IFR NEWS

jkt rick 10:50 GMT June 1, 2005 Reply   
spongebob: ofcourse.

Jkt Rick 15:39 GMT February 16, 2005
Stop reading crap, stop looking at rates, stop analyzing charts, follow the advice given a month ago, sell euro at 1.35 come back in a year, those who liked the movie The lord of the rings, another epic is in the making right here:
Return of the ($) king!

gold coast martin 10:50 GMT June 1, 2005 Reply   
Speaking of cable :
Also close yesterdays GBP position averaging 18239 now closed @18119....17923 still a weekly end target ....g/t

york 10:50 GMT June 1, 2005 Reply   
gold coast martin - excellent analysis - thank you for all you give this site.

Halifax CB 10:49 GMT June 1, 2005 Reply   
usdjpy is coming up against a resistance 108.88 from early april (and roughly a former support point from last august at 108.75), worth keeping an eye on.

Goes SpongeBob 10:44 GMT June 1, 2005 Reply   
jkt rick 10:40 GMT June 1, 2005

good afternoon,

do you think that 2005 low will be higher then 2004 low?

tia & gt

Syd 10:44 GMT June 1, 2005 Reply   
AUD/USD has broken out of its 0.7620-0.7530 consolidation range extremes, says RBoS, and failure of the base has opened risk to 0.7450, 0.7385 and 0.7240.

Baz JW 10:43 GMT June 1, 2005 Reply   
Martin - would also like to add my thanks - great calling on cable. Much appreciated. GL GT

GER ad 10:41 GMT June 1, 2005 Reply   
EUR/CHF,
1/2 position closed at 1.5315
S/L for the rest moved at cost

jkt rick 10:40 GMT June 1, 2005 Reply   
jkt rick 13:04 GMT April 12, 2005
euro is at 1.2920 long it @ 1.2200

its very dangerous to pick bottoms, we have to wait and see if it will bottom at 1.22 or below 1.20.

gold coast martin 10:38 GMT June 1, 2005 Reply   
gold coast martin 10:29 GMT June 1, 2005
12395=`12295.....

Manilkara 10:33 GMT June 1, 2005 Reply   
Many thanks Martin, yes I am flat, and very glad for your support yesterday, now and ever. Sorry to bother you too much. You are are not only a Forex Master, but a real Gentleman!

gold coast martin 10:32 GMT June 1, 2005 Reply   
Beijing Laowen 10:27 GMT June 1, 2005
LOL...you havent missed much except better entry levels for a long....the bias for the rest of the week is still towards 12738 levels while now resistance is building at 12536...so if 12535-45 levels seen again today a LONG is recommended for a 12624 day target with a 12738 targeted finish.....g.t

GER ad 10:32 GMT June 1, 2005 Reply   
EUR/CHF,
Long at 1.5303

gold coast martin 10:29 GMT June 1, 2005 Reply   
Manilkara 10:20 GMT June 1, 2005
For an day trade it is wise to now wait and see range expansion in the form of euro back to 12395 and gbp to 18188-02 and yen to 10824-29.....then you have good r/r to follow existing trend with shorting the euro and gbp and longing the yen....at the moment market is in between phase and further extreme downside is guarded by strong barriers......In the event of the euro seeing 12220 BEFORE 12395 a long will offer 35-50 pip reward BEFORE it is breached...it will have to be strong momentum to breach 12220 level.....so if you are flat stay flat until ny session starts to offer some range expansion......g.t

CAIRO AG 10:29 GMT June 1, 2005 Reply   
Saloniko nk... Thanks and appreciate your feedback.

GL & GT

Beijing Laowen 10:27 GMT June 1, 2005 Reply   
gold coast martin 10:17 GMT June 1, 2005 //

Mate, what's your view on $/Cad? I am only on some light short Eur/Gbp due to my travel recently. Apprecaite your view on $/Cad. GT and GL!

Syd 10:25 GMT June 1, 2005 Reply   
Indonesia Embassy In Australia Shut

Syd 10:25 GMT June 1, 2005 Reply   
Indonesia Embassy In Australia Shut

Melbourne Qindex 10:24 GMT June 1, 2005 Reply   
EUR/USD : Current Comment.  Register with Jay at [email protected] if you have no access to my page.

Manilkara 10:20 GMT June 1, 2005 Reply   
Martin, and other experts....since Eur is near a very strong low according fund models, do you think that playing Cable short is better now? Or any other suggested better trade?

saloniko nk .. 10:18 GMT June 1, 2005 Reply   
CAIRO AG 09:26 GMT June 1, 2005

1.3250,1.2950.1.2850, 1.2750,1.2650, 1.2250...Gone like a soft butter...
Egland was very happy about No vote and Europe comfusio...(???)

Till 2006 Euro will be under press ..
Guess will see a Range 1.18+ -1.28 and a Bigger Downmove to 1.13

nk

jkt rick 10:17 GMT June 1, 2005 Reply   
Jkt Rick 07:23 GMT March 9, 2005
[EURO/USD 1.3340 ]The Euro is like a dog whose leg has been cut off it wants to end its life because of the pain. it is climbing to the rooftop of the building slowly limping up the stairs waiting to jump down so that it can die instantly. the show will start soon as there are only 2 floors to go.

jkt rick 10:39 GMT May 12, 2005
hello everybody,
[aud 77.20]
the next big move down will come from the aud, its has been stable but not for long.

euro is still falling down the building, for the aud, a break of .7430 and then .7340 will cause a slide to test .6840. it looks very strong but the aussie is famous for climing the stairs but down the elevator.

gold coast martin 10:17 GMT June 1, 2005 Reply   
gold coast martin 17:11 GMT February 7, 2005
gold coast martin 23:17 GMT February 6, 2005
gold coast martin 03:23 GMT January 29, 2005
Good afternoon...
Closing thoughts for the week.....

..and what of the euro direction?...In the second part of february and indication should emerge as to which road the euro is taking consistently for the next 3 months....PERSONALLY,these indicators are the initial breach of resistance levels(non-technical levels...flow-related) 12914,12856 and 12768,,,should these levels be breached in feb.then euro will see 12220 and possibly 11766 by the end of the 1st quarter of 2005.....

This also my last post for the euro...see [email protected]/t


*******Above post is what formed my euro short CORE position from the 13250+ area, and it is still valid...fwiw...At 12220 i intend to Liquidate 50% of this existing core model and asses what timeframe is required for the 11766....g/t

Sydney E.M. 10:17 GMT June 1, 2005 Reply   
Economic rebound lacks muscle
The Australian Industry Group's performance of manufacturing index fell by 2.4 points to 50.5, the lowest May reading in 3 years and just above the 50-mark that separates expansion from decline. Sectors exposed to consumer spending suffered the most.

What could boost spending in the coming months are the federal government's income tax cuts, which take effect from July 1. As well, cooler weather has arrived at last and petrol prices have retreated a little in recent weeks.

But most economists say there is enough doubt about the outlook to keep the Reserve Bank of Australia on the sidelines for a few more months at least. The RBA's policy-making board holds its monthly meeting next Tuesday.

"Australia's economy is in the midst of a much-needed transition from previously booming housing construction and soaring household spending to business investment and overseas exports" .

"The transition is not running smoothly, however...and for now the economy retains some lingering imbalances."

These imbalances were evident again on Tuesday when the March quarter balance of payments showed that Australia's current account deficit had widened to fresh record levels at more than 7 per cent of GDP.
AFR

PAR 10:16 GMT June 1, 2005 Reply   
With oil prices in Euro at new all time high difficult to see where Trichet gets his inspiration to lower the inflation outlook. Must be coming from Credit Lyionnais?

auckland sc 10:15 GMT June 1, 2005 Reply   
i think 20- 30 pip drop very soon eur/usd

Ldn 10:11 GMT June 1, 2005 Reply   
Van Gecko have you any views on the now levels in Euro and where you think from here thanks

Rivonia PipPirate 10:08 GMT June 1, 2005 Reply   
"EU ZORRO" should be "EU SORRO"?

SanFrancisco analyst 10:04 GMT June 1, 2005 Reply   
Good to laugh at a time like this. Maybe a rumor fitting 5 years of slanted commentary will help the Euro...

PIMCO and the Economist report a US housing bubble, credit bubble, debt bubble, GDP bubble, trade bubble, deficit bubble, and impending rampant inflation are within days of striking the US economy into recession which will be compounded by the tax cuts and Bush economic plan.

There, maybe we can get a bounce in the Euro now.

Seriously, this is wonderful to see European nations reclaiming their liberty, economies, and maybe even currencies. I tip my hat.

London. 10:03 GMT June 1, 2005 Reply   
Just the fact that the German Finance Ministry is discussing the breakup of EMU internally is likely to keep the market nervous, says a European bank economist. The Bundesbank has yet to comment but while this whole episode is a PR disaster, it's not a political discussion of substance. It does, however, underpin the discomfort that euro area institutions and governments are feeling regarding EMU growth divergence, which was also highlighted by the ECB recently.

GER ad 10:00 GMT June 1, 2005 Reply   
EUR/CHF,
1/2 position closed at 1.5322
S/L for the rest moved at cost

KL KL 10:00 GMT June 1, 2005 Reply   
FWIW in long gbpusd 1.8139 sl 1.8129

EU ZORRO 09:58 GMT June 1, 2005 Reply   
hk ab 08:45....good morning...!!!

...I close all short here...!!!

...will look for signals to long....

London. 09:55 GMT June 1, 2005 Reply   
The ECB, which convenes Thursday, will review its growth and inflation forecasts, with a reduction in their growth outlook by 0.2 to 0.3% to 1.3/1.4% for 2005 seems highly likely, says Goldman Sachs. "Anything more as well as any sudden optimism about the inflation outlook would be taken as a realistic signal that the ECB is closer to recognizing the need for an easing of monetary policy." Goldman continues to predict a rate cut will occur sometime in 2005.

Syd 09:53 GMT June 1, 2005 Reply   
As if Germany's Eichel would admit to a meeting politicians cant lay straight in bed.

perrie como 09:42 GMT June 1, 2005 Reply   
Voting started at 07.30 CET and will continue until 21.00 CET.

The preliminary official results are set to come out soon after the polls close, but the final official results are not expected to be announced until Monday afternoon, as in certain areas in the country voting is done by ballot box rather than electronically.

Melbourne Qindex 09:38 GMT June 1, 2005 Reply   
Melbourne Qindex 07:49 GMT June 1, 2005
AUD/USD : Current expected trading ranges :-


... 0.7477 // 0.7488* - 0.7498 - 0.7509* - 0.7520 - [0.7530]* - 0.7541 - 0.7552* - 0.7562 - 0.7573* // ...


The odds are in favour of maintaining a short position. The short term target is the lower barrier at 0.7477 - 0.7488.

ldn red 09:36 GMT June 1, 2005 Reply   
if market feels it has enough to take out large demand at 50 then think we get the 20/30 print very rapidly, otherwise we have seen worst til ism.

Singapore YL 09:36 GMT June 1, 2005 Reply   
Just asking: in how many hours will the Dutch referendum result be out?

Melbourne Qindex 09:36 GMT June 1, 2005 Reply   
Melbourne Qindex 23:11 GMT May 31, 2005
EUR/USD : After the market penetrated through the level at 1.2359 - 1.2368, we should kkep an eye on the next targeting range at 1.2180 - 1.2229.

Ldn 09:35 GMT June 1, 2005 Reply   
FX OPTIONS: EUR/USD More 1.2000 EUR Put Demand

Ifr news

GER ad 09:34 GMT June 1, 2005 Reply   
Long EUR/CHF at 1.5308

Goes SpongeBob 09:33 GMT June 1, 2005 Reply   
guts are not enough for the current market conditions, placed position doubling order @ 1.2222 and removed s/l for both to 1.2172 ... that's it for the rest of the week, going easy!

gt


Goes SpongeBob 08:37 GMT June 1, 2005
good morning,

long €/$ @ 1.2280 ... s/l @ 1.2230 ... 1st t/p @ 1.2370 ... 2nd t/p @ 1.2430 ... 3rd t/p @ we will see

gt all

Miami OMIL (/:-> 09:30 GMT June 1, 2005 Reply   
Well so much for the good support (2280-90) on the eur/usd pair. Now key support is around the critical retracement number (2200-10) area and no bounce in the radar yet. Even though I have been saying we are well due for one soon for a while now LOL. Peace and GT

CAIRO AG 09:28 GMT June 1, 2005 Reply   
Shorted $CAD 1.2560.

CAIRO AG 09:26 GMT June 1, 2005 Reply   
Saloniko... saw u yesterday targeting 1.03... and now looks like u will go long very soon... any changes?? TIA

London. 09:26 GMT June 1, 2005 Reply   
In its report, Stern magazine said the finance ministry blames the introduction of the euro for ongoing sluggish economic growth in Germany.

According to the magazine, this view is backed by Bert Ruerup, head of the council of economic advisors to the government.

Stern said that a dissolution of EMU was legally possible, even though the Maastricht Treaty doesn't have an exit clause.

The magazine said it has seen a copy of expert legal advice on the issue, which says that member states can withdraw from EMU or dissolve it if the union doesn't meet its purpose of guaranteeing stability anymore.

The office of Christian Social Union lawmaker Peter Gauweiler, a well-known euro skeptic cited in the magazine, confirmed that there is a document of expert legal advice entitled "Legal Framework Conditions for the European Economic and Monetary Union." Gauweiler had commissioned the legal advice for the lower house of parliament's academic service.

Gauweiler's office confirmed that the document concludes that a withdrawal from EMU is legally possible.

Bundesbank Web site: http://www.bundesbank.de

PAR 09:22 GMT June 1, 2005 Reply   
With crude oil at $52.35 and the EUR at 1.2270 . Crude oil in EURO is close to hitting new all time high . This will neither help the idea of low european inflation nor deteriorating european consumer sentiment.

europe M 09:22 GMT June 1, 2005 Reply   
I am not saying 1,2220/30 will revers major down trend.... it can however produce short term bounce to 1,2300 (1,2450 max - dont think so for this). so intraday long is my plan if that lvl will be seen (and it should be).

LDN LDN 09:19 GMT June 1, 2005 Reply   
Germany's Eichel Sees No Danger Of EMU Breakup

saloniko nk .. 09:18 GMT June 1, 2005 Reply   
EUROPE M 08:57 GMT June 1, 2005

With a Stop just Below 1.1748 will be Safe for a Long EURORunn...

Guess its better than follow the ticks....;)

IMHO
nk

Auckland peat 09:13 GMT June 1, 2005 Reply   
i aint been reading here coz i too busy watchin the red candles... sorry lol

Geneva 09:13 GMT June 1, 2005 Reply   
Why to buy a ccys in a massive liquidation????.

ldn red 09:08 GMT June 1, 2005 Reply   
euro, i see trendline 1.2220. its parallel siblings have worked well until now, so i guess this one might to

hk ab 09:07 GMT June 1, 2005 Reply   
hot knife in butter aud .75...gl.

euro napoleon 09:04 GMT June 1, 2005 Reply   
lovely waterlitz again

Gen dk 09:01 GMT June 1, 2005 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

perrie como 08:58 GMT June 1, 2005 Reply   
seems usdjpy to make new highes later on

EUROPE M 08:57 GMT June 1, 2005 Reply   
1,2222 lvl.. watch out...here we come... time to consider short term move up from 1,2220/30. i plan long at 1,2230... will see.
good trades

Sgp Deeps 08:54 GMT June 1, 2005 Reply   
GERMAN FINMIN SPOKESMAN- EICHEL WONT TAKE PART IN ABSURD DISCUSSION OF EMU FAILURE

London. 08:48 GMT June 1, 2005 Reply   
Buba To Issue Statement On Report About EMU Breakup
German weekly Der Stern reported Wednesday that a meeting took place last week between German Finance Minister Hans Eichel, Bundesbank President Axel Weber and market economists.

According to an advance copy of the magazine, the meeting discussed a possible failure of the European Monetary Union.

Citing an internal paper of the finance ministry, the magazine says there is a "heightened concern about a divergence in inflation and growth rates" among the member states of the euro zone.

A spokeswoman for the finance ministry declined to comment on whether the meeting took place. She also declined to say whether there was such an internal paper.

"The euro is a success story. Monetary policy is up to the European Central Bank, and the Ministry of Finance gives no recommendation on monetary policy," the spokeswoman said.

A spokesman for the European Central Bank declined to comment.

Singapore YL 08:48 GMT June 1, 2005 Reply   
EUR/USD how low will it go today? .2225?

Goes SpongeBob 08:48 GMT June 1, 2005 Reply   
perrie como 08:42 GMT June 1, 2005

nee is the sentiment ... the nice weather may bring a magic and people will forget their feelings during the rainy/grey days (most of days) ... magic is cheating.

gt

saloniko nk .. 08:47 GMT June 1, 2005 Reply   
Good Morning...

hk ab 08:45 GMT June 1, 2005

Might he will sell again 1.26-1.2850

nk

PAR 08:46 GMT June 1, 2005 Reply   
Eichel discussing the EURO Untergang .

London. 08:45 GMT June 1, 2005 Reply   
ath sorry no, but will keep an eye ope for it

hk ab 08:45 GMT June 1, 2005 Reply   
Zorro// Are you very SERIOUS to long @ 1.2222? I may join you but the chart has no signal coming in yet.

kL Nick 08:43 GMT June 1, 2005 Reply   
Spongebob - appreciate your guts

ath 08:43 GMT June 1, 2005 Reply   
London. 08:19 GMT June 1, 2005
Buba To Issue Statement On Report About EMU Breakup

do u have atime for that
tia

KL KL 08:42 GMT June 1, 2005 Reply   
Well I am short July contract at 52.25 sl 49...hope for suprise tonight or whenever inventories gets released... will take 40-50 pips and run if seen.

Google is really asking for it, this one don't know what was Dot Com...LOL

As for currency, if I did not have charts I would be dollar bear now...but charts still encouraging me to short and long...Playing long is my bias now!! GL gt all

perrie como 08:42 GMT June 1, 2005 Reply   
Goes SpongeBob 08:37 GMT June 1, 2005

Do you vote Bob? How's the sentiment up there

PAR 08:42 GMT June 1, 2005 Reply   
OECD wants Europe to go into a Japanese scenario by cutting Euro interest rates to Zero so that european savers by US treasury bonds Japanese style and finance the Us deficits. OECD recommendations make no sense.

Barcelona Tony 08:41 GMT June 1, 2005 Reply   
the current euro decline (today) due to bundsbank talks of EU monetary union failure ... well at lest someone was looking the charts there lol ...

Goes SpongeBob 08:37 GMT June 1, 2005 Reply   
good morning,

long €/$ @ 1.2280 ... s/l @ 1.2230 ... 1st t/p @ 1.2370 ... 2nd t/p @ 1.2430 ... 3rd t/p @ we will see

gt all

Ldn 08:37 GMT June 1, 2005 Reply   
UK ECON: May Manufacturing Sector PMI 47.3, Awful Number

IFR news

London. 08:34 GMT June 1, 2005 Reply   
OECD Recommends ECB Cut Interest Rates
The Organization for Economic Cooperation and Development suggested the ECB "significantly" cut key policy rates.


hong kong nt 08:34 GMT June 1, 2005 Reply   
Crude oil -- average buying price of Cathay Pacific is about 49.5, seems they hope to secure price below 50.0 line ahead of summer, very reasonable move indeed..

hong kong nt 08:30 GMT June 1, 2005 Reply   
EUR/GBP -- 1st target .675 reached, time to scale out some, it's only the 4th day of the down move, seems 0.66 maybe attainable...

Auckland peat 08:29 GMT June 1, 2005 Reply   
HK AHE
usd strength? they are after all ripe for falling

ldn red 08:28 GMT June 1, 2005 Reply   
as yesterday, euro has mini bounce ahead of some large orders, today at 1.2250 area.

Ldn 08:26 GMT June 1, 2005 Reply   
Tanigaki:Watching If Any Euro-Fall Impact On Global Econ

Helsinki iw 08:25 GMT June 1, 2005 Reply   
Yeah, the DEM always was the King of the Autobahn, wasn't it?

Ldn 08:24 GMT June 1, 2005 Reply   
Japan Tanigaki: Will Watch Euro, Other FX Moves Closely

Hong Kong Ahe 08:24 GMT June 1, 2005 Reply   
Not quite understanding the psycho of the market as NZD and AUD fall like Euro. Sheeps running around???

london CM 08:20 GMT June 1, 2005 Reply   
I think AUD will finally break lower this session...

PAR 08:20 GMT June 1, 2005 Reply   
Rumors Eichel / Weber discussing EURO break up. I would love to go back to rock solid DEM and sell ITL, GBP etc..

London. 08:19 GMT June 1, 2005 Reply   
EUR/USD falls to a fresh 7-month low of 1.2279 amid reports of EMU failure talk between ECB's Issing and German finance minister Eichel, which is unerving market. Reports suggest a statement's due shortly. A finance ministry official declined to comment.

London. 08:19 GMT June 1, 2005 Reply   
Buba To Issue Statement On Report About EMU Breakup

London. 08:18 GMT June 1, 2005 Reply   
CNBC live just saying a statement out later German Finance Minister Hans Eichel, Bundesbank President Axel Weber and economists last week discussed a possible failure of European Monetary Union as differences in inflation and growth rates within the union grow . said to be in an artlcle of a Weekly magazine out this week

London. 08:12 GMT June 1, 2005 Reply   
MARKET TALK: Euro Zone Mfg PMI To 48.7 Vs 49.2

Melbourne Qindex 08:10 GMT June 1, 2005 Reply   
USD/CHF : The market is moving away from 1.2465 and is heading towards the upper trading range of 1.2599 - 1.2644.

Melbourne Qindex 08:09 GMT June 1, 2005 Reply   
GBP/USD : The market is pulling towards 1.8108.

Melbourne Qindex 08:08 GMT June 1, 2005 Reply   
EUR/USD : Speculative selling pressure will increase if the market is trading below 1.2252.

Melbourne Qindex 08:07 GMT June 1, 2005 Reply   
Melbourne Qindex 00:19 GMT June 1, 2005
Major Currencies : Directional Indicator


The market is neutral when it is trading between the daily and weekly cycle's "super magnet" which is the center of my projected series. It is negative when it is trading below and moving away from the neutral zone. In other words the market has a tendency pulling towards the neutral range if it is losing momentum.


EUR/USD : 1.2252 - 1.2439

GBP/USD : 1.7953 - 1.8108

USD/CHF : 1.2447 - 1.2465

Gen dk 08:06 GMT June 1, 2005 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Ldn 08:05 GMT June 1, 2005 Reply   
Australian Dollar Declines on Slower-Than-Expected GDP Growth
LGT's Pedley forecasts the currency will drop to 72 cents by the end of the year. LGT is a private bank with the equivalent of about $51 billion of assets, a 10th of which is invested in Asia.
bloomberg

Barcelona Tony 08:04 GMT June 1, 2005 Reply   
hk ab 07:06 GMT ... BUffet is long $$$ for some time now, he reversed in time and now he is enjoying ....

Melbourne Qindex 07:49 GMT June 1, 2005 Reply   
AUD/USD : Current Comment.  Register with Jay at  [email protected] if you have no access to my page.


Syd 07:44 GMT June 1, 2005 Reply   
Dutch Vote today, I bet the Poll will come out a good 70% say ' NO '

hk ab 07:35 GMT June 1, 2005 Reply   
Revdax//aud bottoms out today?

Melbourne Qindex 07:31 GMT June 1, 2005 Reply   
GBP/USD : Current Comment.  Register with Jay at [email protected] if you have no access to my page.

Ldn 07:29 GMT June 1, 2005 Reply   
AUD/USD: 0.7530 Range Base In Sight After GDP Disappointment
IFR news

hk ab 07:24 GMT June 1, 2005 Reply   
eur/jpy 133 breaks will signal eur/gbp breaks impt barrier too.....

the toughness at 135 few days ago made eur/jpy very vulunerable.

hk ab 07:22 GMT June 1, 2005 Reply   
nt// look at the momentum and I see 6730 is quite sure now.

Mumbai keith 07:18 GMT June 1, 2005 Reply   
talk going on in market circles - the erstwhile dollar/mark and other mark crosses dealers will again be in demand as euro as a currency has its days numbered.. sounds far fetched.

hong kong nt 07:16 GMT June 1, 2005 Reply   
hk ab 07:11 -- are you going to scale out some or take full profit at .673? thanks

hong kong nt 07:13 GMT June 1, 2005 Reply   
hk ab 07:06 -- Buffet loves long term investment, 10% adverse movement on USD maybe just small noise to him, we may need a telescope to understand his views properly, many years ago, one maybe very excited to get 100% return from Microsoft whereas Buffet was looking for 2000-3000%+..

hk ab 07:11 GMT June 1, 2005 Reply   
waiting for .6730, if that opens sharp, god knows....

hong kong nt 07:07 GMT June 1, 2005 Reply   
AB -- are you holding EUR/GBP shorts?

Sydney Tehuringa 07:06 GMT June 1, 2005 Reply   
Hello everyone

hk ab 07:06 GMT June 1, 2005 Reply   
euro big sharks eating small stops again....

Can Buffet holds 10 fig. s/l?

nt, thanks....brokers....

hong kong nt 07:03 GMT June 1, 2005 Reply   
AB -- don't make things too complicated, they need brokers to trade..

hk ab 06:43 GMT June 1, 2005 Reply   
I am just interested to find that out!

hk ab 06:43 GMT June 1, 2005 Reply   
nt//where could you "read" those Cathay Pacific orders???
Even my friend working as the Senior Secretary of the Asian manager boss has no access to these data......

London 06:15 GMT June 1, 2005 Reply   
The euro is killing our economy, say Dutch
The "boom-bust" effects of the single currency have driven the Netherlands into a severe economic downturn over the past four years, explaining the grim mood expected to cause so many Dutch voters to reject the EU constitution today.Unemployment has jumped from 3.3pc in 2001 to an estimated 6.7pc this year, while the economy has been stuck in permanent slump after a sharp recession in 2003.
Despite the crisis, Dutch citizens remain the biggest net contributors to the EU budget, paying more than twice as much as Britons per capita.Johan Verbruggen, head of Holland's Bureau of Economic Analysis, said the economy over-heated badly in the late 1990s, leading to a property boom and spiralling wage costs.
The Dutch central bank had no effective means of halting the boom under monetary union. Interest rates that are set by the European Central Bank for the whole eurozone were barely half Holland's 4.5pc inflation rate in the final phase of the spending spree, which invited reckless behaviour.
"The property market was really mad in the late-1990s. House prices went up at 11pc annually for nine years," he said.
"Then we had a lot of fun when the euro was very low. The Dutch economy is one of the most open in Europe, and so the exchange rate has a huge effect on us," he said.
"The result of the overheated labour market was that we lost 17pc in competitiveness against the rest of the euro area from 1997 to 2003. It's tough trying to get it back," he said.
Nout Wellink, Holland's central bank chief, admitted in a speech that "the Dutch economy has acquired a kind of boom-bust character".The Dutch government has since imposed the one of harshest austerity packages of any OECD country in recent times, raising taxes, slashing benefits and clamping down on early retirement. Wages are in effect to be frozen for two years.
After tightening their belts to keep the deficit within the 3pc limit of the European Union's Stability and Growth Pact, the Dutch are enraged at the way France and Germany re-wrote the rules to suit themselves once they were in trouble.
Frits Bolkestein, former EU single market commissioner, told Dutch television last week that he now regretted giving up the guilder, the symbol of Dutch trading success.
Joshua Livestro, a Dutch media commentator, said that ordinary voters linked their current troubles to the failures of EU economic policy, though their main focus was on price rises resulting from euro entry at an undervalued exchange rate - a fact that was known at the time but withheld from the public."People are not amused at having 10pc of their savings written off," he said.
Analysts say that the Netherlands has a far stronger economy than some of the "Club Med" states such as Portugal, Greece and Spain that have also been destabilised by the effects of monetary union, and will undoubtedly weather the current crisis.
http://money.telegraph.co.uk/money/main.jhtml?xml=/money/2005/06/01/cneu01.xml

Goes SpongeBob 06:15 GMT June 1, 2005 Reply   
good and happy morning,

in a world when to be your wife and your best man cannot be trusted, the only left is to work and work ... so, to make sure that the parade of "told you so!" will be long and great, we just wait for 1.18-1.19 soon ... and if not, then it is also OK

gt

athens kos44 05:44 GMT June 1, 2005 Reply   
Good morning folks. Sort the eurusd from 1.2360.
gd to all

Tokyo HL 05:38 GMT June 1, 2005 Reply   
there little by little goes to my target USD/JPY sell on the top

los angeles ss 05:24 GMT June 1, 2005 Reply   
Great Ted, thanks much. The Force is with you now!

sx ted 05:17 GMT June 1, 2005 Reply   
los angeles ss 04:51 GMT June 1, 2005
19:00 GMT close, 20:00 50% counted, 24:00 final count

los angeles ss 05:13 GMT June 1, 2005 Reply   
MRC --thanks, was asking for a good level to short euro, regardless of poll results.

Yoda, the force has escaped me!

Toronto MRC 05:09 GMT June 1, 2005 Reply   
SS I wouldn't bet on that. France was a bit of a shock but the Dutch vote is not.

Hollywood Yoda 05:02 GMT June 1, 2005 Reply   
Use the force, use the power of the internet and look it up...

los angeles ss 04:51 GMT June 1, 2005 Reply   
anyone there? dutch polls close at what time. good euro short?

Bahrain within 10 Pips 04:24 GMT June 1, 2005 Reply   
GM all Swissie Long
Kiwi short
MKT

los angeles ss 04:23 GMT June 1, 2005 Reply   
Anyone know what time GMT the polls start coming out today?

Also, any thoughts on a good level for eur to short from for the short term (next session)?

Rye, NY et 04:01 GMT June 1, 2005 Reply   
These are the fibs from yesterday's price bar. Often useful, after a new high or low, for short-term retracements...fwiw...
Up From :12296
9 12313
14.6 12324
23.6 12341
38.2 12369
50 12392
61.8 12414
76.4 12442
100 12487
138.2 12560
161.8 12605

London. 04:00 GMT June 1, 2005 Reply   
Dutch getting ready in a few hours to vote on E.U. constitution with recent polls showing nearly 60% will vote "no," another blow to charter after French outcome; would leave Europe leaders with no clear backup plan. Many expect Dutch to use vote to show displeasure with their unpopular government; they're angry about price rises that followed introduction of EUR in 2002. While they'll pay heed to French vote it "won't be a decisive factor," says TNS Nipo's Peter Kanne; tips 59% will vote "no." May be domino effect when Luxembourg, Portugal, Denmark hold referendums later in year

London. 03:38 GMT June 1, 2005 Reply   
Concerns of looser fiscal policies under revised pact
Jean-Louis Debre, speaker of the French National Assembly, said the government needed to boost employment and build social cohesion, even if that meant breaking the pact. “Today that's no longer the problem,” he told RTL Radio.
http://news.ft.com/world/europe

Caribbean! Rafe... 03:37 GMT June 1, 2005 Reply   
Iran 'tests new missile engine'

http://news.bbc.co.uk/2/hi/middle_east/4596295.stm

hong kong nt 03:29 GMT June 1, 2005 Reply   
Crude oil -- Cathay Pacific traders are right to do accumulation at 48 area, they are still buying quietly in last few trading days...

Beijing Laowen 03:27 GMT June 1, 2005 Reply   
hong kong nt 03:16 GMT June 1, 2005 //

Already unloaded 50% amount of Eur/Gbp short @0.6770. Too slow a pair. Feel it will probably bounce up to above 0.68 because Cable has big space to dive before Euro does. IMHO.

hong kong nt 03:16 GMT June 1, 2005 Reply   
EUR/GBP almost reach 1st target .675, time to scale out 40%..

HK [email protected] 03:11 GMT June 1, 2005 Reply   
OR IF YOU LIKE TRY soople....

http://www.soople.com/

Sgp Deeps 03:07 GMT June 1, 2005 Reply   
Hi friends - i have nothing to do with google or am i on the sales side. i find many of you asking some help which could as well be available on the internet. i guess the following tips could be of use - this is not a FF item i understand, but it could be helpful for forex issues...

Phrase your question in the form of an answer. So instead of typing,

"What is the average rainfall in the Amazon basin?",

you might get better results by typing "The average rainfall in the Amazon basin is."

* This is an old one, but very important:

Put quotes around phrases that must be searched together. If you put quotes around "electric curtains," Google won't waste your time finding one set of Web pages containing the word "electric" and another set containing the word "curtains."

* Similarly, put a hyphen right before any word you want screened out.

If you're looking up dolphins, for example, you'll have to wade through a million Miami Dolphins pages unless you search for "dolphins -Miami."

* Google is a global White Pages and Yellow Pages. Search for
"phonebook:home depot norwalk, ct," Google instantly produces the address and phone number of the Norwalk Home Depot. This works with names ("phonebook:Robert jones las vegas, NV") as well as businesses.

* Don't put any space after "phonebook." And in all of the
following examples, don't type the quotes I'm showing you here.

* Google is a package tracker. Type a FedEx or UPS package
number (just the digits); when you click Search, Google offers a link to its tracking information.

* Google is a calculator. Type in an equation
("32+2345*3-234=").

* Google is a units-of-measurement converter. Type "teaspoons in
a gallon," for example, or "centimeters in a foot."

* Google is a stock ticker. Type in AAPL or MSFT, for example,
to see a link to the current Apple or Microsoft stock price, graphs, financial news and so on.

* Google is an atlas. Type in an area code, like 212, to see a
Mapquest map of the area.

* Google is Wal-Mart's computer. Type in a UPC bar code number, such as "036000250015," to see the description of the product you've just "scanned in." (Thanks to the Google Blog, http://google.blogspace.com, for this tip and the next couple.)

* Google is an aviation buff. Type in a flight number like
"United 22" for a link to a map of that flight's progress in the air. Or type in the tail number you see on an airplane for the full registration form for that plane.

* Google is the Department of Motor Vehicles. Type in a VIN
(vehicle identification number, which is etched onto a plate, usually on the door frame, of every car), like "JH4NA1157MT001832," to find out the car's year, make and model.



HK [email protected] 03:04 GMT June 1, 2005 Reply   
USD oversold READ.... USD overbought

Sydney ACC 03:02 GMT June 1, 2005 Reply   
Can anyone suggest a good page for forward prices.

Tokyo HL 03:01 GMT June 1, 2005 Reply   
no yet but if breakes the range down i will. yesterday i bougth at 107.77 todays if i see that price again i will not buy. but most certantly will sell at 108.90

HK [email protected] 03:01 GMT June 1, 2005 Reply   
Caribbean! Rafe... 02:45 GMT June 1, 2005

“I expect it to target 1.2400, 1.2454, 1.2508”

If you look at the daily chart, then if Euro breaks above 1.2460 (7/19/04) it will not encounter significant Res. Up to 1.2730, but if you see 1.2730 you will see 1.2810 (Miami OMIL (/:-> 02:26 GMT June 1, 2005).

Must be a terrible US data on friday + USD oversold to get these numbers.

Mumbai Keith 03:00 GMT June 1, 2005 Reply   
Tokyo HL - Hi mate, a friend of mine who works in a major bank says that the last 4 weeks there appears to be coveted intervention by BOJ (fearing a possible meltdown if china revals). Do you subscribe to it? tia

Melbourne Qindex 02:57 GMT June 1, 2005 Reply   
la fxnew 02:53 GMT - GBP/USD : I am bias on the downside.

Tokyo HL 02:55 GMT June 1, 2005 Reply   
i have a range from 107.77 to 108.65 but i go for the break up this time it has to take it. i bounce down will mean a change for trend. or one of those hands in the market.

la fxnew 02:53 GMT June 1, 2005 Reply   
hi qindex;

any view on cable pls?
thanks

Melbourne Qindex 02:50 GMT June 1, 2005 Reply   
USD/JPY : Resistance at 108.95.

london 02:49 GMT June 1, 2005 Reply   
HELP! anybody have access to Spreads for UK share prices?

I am currently being advised that boots (boot.L) has gone up +20 points even though market is closed dont have any news on feeds comming through of any possible takeover..although one is imminant. current jun qoute is 604.7 / 609.6. can anybody PLEASE confirm.. tia ;-)

Caribbean! Rafe... 02:48 GMT June 1, 2005 Reply   
HL//I am looking for 10762 on yen.

Tokyo HL 02:46 GMT June 1, 2005 Reply   
who think the USd/jpy will break the 109 today? anyone on this one

Caribbean! Rafe... 02:45 GMT June 1, 2005 Reply   
I was wrong on my trades last night had a hard knock now I feel humbled...forex is good for personality development LOL

euro is within a support level 1.2275-1.2332

I expect it to target 1.2400, 1.2454, 1.2508

each level has to break to confirm the next.

if euro shorts instead then the levels are

1.2206 1.2152 1.2098

GL.!

Miami OMIL (/:-> 02:26 GMT June 1, 2005 Reply   
melbourne farmacia 02:21 GMT June 1, 2005
I feel the same way about eur/usd pair as I have commented before. I will be a seller until the bulls take out the main resistance (2810-20) in my system. Good to here you are well mate. GT

Sgp Deeps 02:22 GMT June 1, 2005 Reply   
If euro should break above 1.2368 in the coming sessions (more probable now), one can expect to se 1.2410 and 1.2450.

Overall, would prefer to use any dip below 1.2300 to initiate longs with 1.2265 as stop.

melbourne farmacia 02:21 GMT June 1, 2005 Reply   
Miami OMIL (/:-> 02:00 GMT - Good mate... finally flipped cable... if 1.8105 contains short term, feel we risk playing 0.236 1.8366 on this heavy calendar week. GT

Caribbean! Rafe... 02:19 GMT June 1, 2005 Reply   
I don't like using the crayon markers freehand on charts, instead of drawing a trendline I draw a bustline. Need...... someone.... to.... supervise.... me.... drawing those trendlines by freehand. LOL =)

Sydney 02:16 GMT June 1, 2005 Reply   
Costello - Drought Affecting Overall Australian Growth- Reuters

Miami OMIL (/:-> 02:16 GMT June 1, 2005 Reply   
Caribbean! Rafe... 02:07 GMT June 1, 2005
I used to use the crayon markers but I am not good a drawing lines so I stick to pencil where I can erase the line incase it comes close to my stop LOL. GT

Caribbean! Rafe... 02:07 GMT June 1, 2005 Reply   
OMIL// I had a good friend obsessed with hand drawn lines on charts (using a marker due to poor eyesight.)

I offered him a tip to use a very sharp #1 or #2 pencil even offered to give him 20 pencils already sharpened.

"He could never figure out why he got the direction right but was always stopped out" when he started using my suggested tip he ran out of patience with the trading, LOL.

Sydney E.M. 02:04 GMT June 1, 2005 Reply   
Australian economic growth remains "soggy" in 1Q and there are few signs that the economy will look much better when 2Q data rolls around, says David deGaris, senior economist at ANZ. Consumption fell short of expectations and if it was not for a build-up in inventories the story would have looked even worse. With retail sales weak in April, the sense is that consumers have gone cold and are repairing balance sheets rather than extending a spending boom, while censored senior economist Scott Haslem says 0.7% rise in Australia's 1Q GDP is reasonable rebound from 4Q pace of 0.3% but composition of economic activity remains poor with a reliance on inventories to support growth. Haslem said he expects RBA to leave interest rates unchanged for the next six months due to the continued economic weakness which should work against AUD/USD as US Fed maintains its tightening bias

Miami OMIL (/:-> 02:00 GMT June 1, 2005 Reply   
melbourne farmacia 01:54 GMT June 1, 2005
Good to see your comments on the forum mate. I hope you are having a good week. GT

Ldn 02:00 GMT June 1, 2005 Reply   
Goldman Sachs says from technical analysis perspective, EUR/USD has broken below major support level at 1.2490 and price action points to further fall if it can't recover quickly back above 1.2500; in this case, market may break below 1.1760, last year's low, suggesting major trend change in EUR on technical charts;

melbourne farmacia 01:54 GMT June 1, 2005 Reply   
Miami OMIL – evening mate, cheers for euro levels. GT

HK [email protected] 01:50 GMT June 1, 2005 Reply   
Talking about Euro weekly, RSI(55) currently at 50.95, a break of which will have another contribution to Euro decline.

Take care that last time RSI(WKLY)(55)= 50 was on April 2002 in which a cross above was associated with breaking the 100WKma. looks like 1.2000 will indeed be reached.

Ldn 01:50 GMT June 1, 2005 Reply   
Players should add to EUR/USD shorts on any rallies toward 1.2500, writes BOA; expects EUR weakness to continue, within near-term range of 1.2300-1.2500; says right after sharp EUR/USD fall, however, pair unlikely to break below quite strong support at 1.2230 (76.4% retracement of rise from May 13, 2004 to December 30, 2004)

Melbourne Qindex 01:39 GMT June 1, 2005 Reply   
Melbourne Qindex 01:18 GMT June 1, 2005
Spot Gold : The current expected trading range is 411.5 - 417.3. The odds are in favour of sell on rally.

Miami OMIL (/:-> 01:36 GMT June 1, 2005 Reply   
Singapore Sfx 01:31 GMT June 1, 2005
You are right it all depends on the price feed for the chart system but I have it at the weekly chart and using the 100 ema. 5 to 10 pips give or take from my pencil marks LOL.

Mla Evan 01:35 GMT June 1, 2005 Reply   
Melbourne Qindex 01:18 GMT June 1, 2005
How about Silver? It looks bullish so won't Gold be bullish as well as still above 416?

Philadelphia Caba 01:32 GMT June 1, 2005 Reply   
Australian Q1 GDP Plus 0.7% (Plus 0.8% Expected)

Singapore Sfx 01:31 GMT June 1, 2005 Reply   
Cheers Omil - Subject to variations across systems , of course, but on a couple of systems here, I get the simple weekly 100 ma in the 1.2339-44 area .. fwiw ..
good luck mate..

Syd 01:30 GMT June 1, 2005 Reply   
Australian 1Q GDP +0.7% On Qtr Vs +0.9% Consensus

Syd 01:27 GMT June 1, 2005 Reply   
What's bad for Europe could finally be bad for the euro.
After three years in which the European common currency was able to gain versus the dollar even in the face of anemic euro-zone economic growth, the addition of major political uncertainty to the fray could help tip the scales out of the euro's favor.

That heightened uncertainty started in earnest over the weekend with the French vote rejecting the European Union Constitution. The referendum throws a wrench into the development of the European Union, and could stall efforts to normalize policy.

But it might not stop with the constitution. With electorates in both France and Germany - the euro-zone's two largest economies - showing increasing dissatisfaction, deepening political malaise might continue to grab headlines and weigh on the euro.
financial forum complete article

Miami OMIL (/:-> 01:19 GMT June 1, 2005 Reply   
Singapore Sfx 00:55 GMT June 1, 2005
Hope you are well mate thanks for the correction. It is actually on the weekly chart. I also have these new retracement numbers for today 2365-75, 2410-20, 2450-60, 2490-2500 and 2540-50. GT

Melbourne Qindex 01:18 GMT June 1, 2005 Reply   
Spot Gold : The current expected trading range is 411.5 - 417.3. The odds are in favour of sell on rally.

Toronto MRC 01:17 GMT June 1, 2005 Reply   
Closed gbp longs... early 18200 Looks like it might have some legs

Singapore Sfx 00:55 GMT June 1, 2005 Reply   
Hi Omil ...ref yr 00.47 - 1.2280-90 100 day ma ? not so sure abt that

la oleg 00:54 GMT June 1, 2005 Reply   
BEIJING, June 1 -- China Petrochemical Corp, the parent company of Sinopec, and a Canadian company yesterday announced the refiner will pay 105 million Canadian dollars (US$84 million) for a stake in Canada's Northern Lights oil sands project.

SinoCanada, a subsidiary of the Sinopec Group, sealed a series of agreements with Canada-based Synenco Energy Inc to buy 40 per cent of the project located in the Athabasca region of Northeast Canada's Alberta Province, according to a Sinopec statement.

Synenco owns the remaining 60 per cent share, and will operate the project as the managing partner, it said.

Oil sands are composed of sand, bitumen, mineral rich clays and water. Bitumen, after upgrading, can be used to produce a light crude oil.

The 4.5 billion Canadian dollar (US$3.6 billion) Northern Lights project, which includes oil sands mining and bitumen extraction, has a production capacity of 100,000 barrels a day of synthetic crude oil or 5 million tons annually, the statement said.
(Source: China Daily)
http://news.xinhuanet.com/english/2005-06/01/content_3028879.htm

Syd 00:50 GMT June 1, 2005 Reply   
The Dutch were to vote in their first national referendum on Wednesday, choosing whether to accept -or more likely, reject -a proposed European Union constitution.
Recent polls show a majority approaching 60% will say no to the document. Following France's rejection of the charter on Sunday, a Dutch no would leave Europe's leaders with no clear backup plan for what to do when two of the 25-nation union's members say they won't approve the new ground rules.

Voting booths were to open at 7:30 a.m. local time and close at 9:00 p.m., with first results projected a half hour later.

Miami OMIL (/:-> 00:47 GMT June 1, 2005 Reply   
Key support (2280-90 100 dma) has been tested but not broken for the eur/usd pair last time it was broken it was about 3years ago. I still believe that this will be a good time for the bulls to mount a defensive attack on the Euro onslaught that has been going on lately. IMHO this will be good support for this pair for now. Peace and GT

los angeles ss 00:30 GMT June 1, 2005 Reply   
Just wanted to take a moment and thank all those who continue to take their time to give us great advice, Martin, Gep, Q and all of the rest. I for one find your commentaries invaluable and appreciate the time and efforts you go to for us.

Dallas GEP 00:15 GMT June 1, 2005 Reply   
OK took some eur/gbp long at 6767 looking for possible 30 pips

NJ RT 00:15 GMT June 1, 2005 Reply   
Martin, Caba .... Thank you

hk ab 00:07 GMT June 1, 2005 Reply   
any expert can tell the eur/jpy m/t bottom? that will be the key for eur......

personally, can't see a strong one till 125..... 8 more figs to go.....

Melbourne Qindex 00:07 GMT June 1, 2005 Reply   
EUR/JPY : We should see 132.97 today.

Toronto MRC 00:06 GMT June 1, 2005 Reply   
Small test lower before euro retrace 30-40 pips?

 




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