Forex Forum Archive for 01/12/2007

dc CB 21:33 GMT January 12, 2007 Reply   
way back in the late 60's there was a tv show imported here (PBS)...with David Frost...That Was The Week That Was...TW3

the Empire Strikes Again. GBP

Geneva DS 21:19 GMT January 12, 2007 Reply   
CARRY TRADES.... name of the game... even though the yen is already very cheap , the trend looks dramatically bearish still... the whole planet starts speaking about carry trades now... I think we should still in the short term JOIN THE PARTY, BUT LETS DANCE CLOSE TO THE DOOR.... I think a very good alternative will be very soon to buyyyyy some very cheap USD against EURO or simply against SWISSy... the trend in those two seems already to have turned... targets 1.1600 euro and 1.4000 swissy .... JPY is only a guess , but I think first 128.00 before 65.00.... hahaha enjoy the weekend....

Gen dk 20:16 GMT January 12, 2007 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

The Netherlands Purk 20:10 GMT January 12, 2007 Reply   
delray beach RMN 19:59 GMT January 12, 2007

I never look where pairs are, because like e/j moved 2000 pips and usd/jpy only 1000 in 2006.... yen is a crappy currency right now so anything can happen to it..

warsaw TOMi 20:02 GMT January 12, 2007 Reply   
stops left 9633 fn

dc CB 20:00 GMT January 12, 2007 Reply   
IMM Pit trader's view
BP:
http://stockcharts.com/c-sc/sc?s=$xbp&p=D&yr=0&mn=6&dy=0&i=p70737928148&r=5930

CD:
http://stockcharts.com/c-sc/sc?s=$cdw&p=D&yr=0&mn=6&dy=0&i=p70737928148&r=5930

Gd 3 day weekend all.

delray beach RMN 19:59 GMT January 12, 2007 Reply   
Netherlands last time EU/JP was at 146 usd/jpy traded at 112 do you correlate the two pairs when trading or are your thoughts strictly $$ based??

The Netherlands Purk 19:54 GMT January 12, 2007 Reply   
Well range in usd/py was 12018-12072 my platty, so the part what was missing was 11980ish. Was surprised that 121 did not hit, but it teaches me to stick with the plan, which i forgot.Played with the 12040-45 for a while on the short side, got 15 pips in total, and missed the move from 12072 to 12018... I am still in my 12029 that i obviously took too soon, and i moved s/l far under the 121, because my believe is that we go under the 128 in e/u, so unless there will be a rate hike in Japan, usd/jpy should go up. Also believe that this ongoing buying of e/j is over, and that we might see my ever lasting target of 14687 this year. I will wait to take a long term position near 156, and see if i can make it to that target.

Sydney ACC 19:19 GMT January 12, 2007 Reply   
GVI Jay 17:53 GMT January 12, 2007
IN my view the market is seling short the future prospects for the US economy. Despite the overhang of the residential property market which we have known now for six months the S&P 500 has rallied over 15%. So long as this holds up profits will go some part of the way to replacing equity withdrawls in residential property this supporting spending.
The US property boom started and ended much later than similar ones in the UK and Australia. The UK was first, the boom looked like it was going to burst in 2004 when the Bank oif England lowered interest rates, it did not and the cut in hindsight was not needed. In Australia the upper end of teh market merrily motors along in all states and the broader market in Western Australia and Queensland is overheating due to the resources boom. I believe we will see a similar situation in the US.
Despite the warnings of doomsayers the economy creates sufficient jobs each month to meet the demand from natural growth and immigration, unemployment remains low and the participation rate high.
The trade account is reducing mainly through lower oil prices and a reduction in consumption. The latter is a worry that might be an indicator of future economic weakness, however, a reduction in overall consumption is welcome for country that uses so much of the world's resources.
The US economy will continue to grow but at lower rates than seen over the last two years.
The prospects for Europe as not so rosey and these are echoed in teh article to which you directed me. Thanks.

Syd 19:17 GMT January 12, 2007 Reply   
Italy's Prodi Urges ECB To Stop Hiking Interest Rates-TV

Italian Prime Minister Romano Prodi Friday called for the European Central Bank to stop raising interest rates.

Echoing similar criticism from France, Prodi said in the transcript of an interview on French television that the euro's value compared with other currencies is "very, very strong" and suggested that inflation risks were contained enough not to warrant further monetary tightening.

The ECB's "current policy is prudent," Prodi said in the transcript of the interview broadcast Friday on France 24. "But there's no reason to say they're adopting a bold policy.

"With inflation where it is now, I think it is preferable to stop rate increases," he added.

French politicians have been the most vocal critics of the ECB in recent months, driven largely by electoral tactics but also by the fear that the euro's recent strength against both the dollar and the yen may imperil French exports. Senior political figures in Germany, where exports are surging, have criticized the French complaints.

Until now, Prodi, who was president of the European Commission from 1999 to 2004 and has former ECB Executive Director Tommaso Padoa-Schioppa as his finance minister, has kept out of the debate.

The ECB has raised its main interest rate to 3.5% in six gradual steps starting in December 2005, when it was at an all-time low of 2.0%. The central bank is mandated to ensure price stability, which it defines as annual inflation of close to but below 2.0%.

Annual euro-zone inflation readings have been below 2.0% in recent months, but the ECB has warned that this partly reflects declining oil prices. Italian inflation tends to be a notch or two above the euro-zone average, clocking in at 2.1% in December, compared with 1.9% for the region as a whole, according to the most recent preliminary estimates.

Prodi declined to say, however, that the euro is too strong, noting that its recent strength partly reflects factors external to the region, such as the U.S. current account deficit, which economists say puts downward pressure on the dollar.

But he made it clear a strong euro was unwanted.

"I was criticized when the euro was weak," he said, recalling his stint as head of the European Union's executive branch when the new currency fell to almost $0.80. "Everyone blamed me...I said then that the real problem would come if the euro were too strong."

The euro traded Friday around $1.29, down from a recent peak of $1.34 late last year.

However, Germany has managed to post an increasingly large trade surplus, suggesting that a stronger euro can't be made a scapegoat for homegrown economic worries.

Germany's recent strength may present strains for the currency union, Prodi said.

Asked whether the German government's plans to sharply cut business taxes were a detrimental form of beggar-thy-neighbor fiscal competition, Prodi said he favored greater concert in setting tax policies in the region. "If there is competition on the fiscal plane, there will be competition in the auto industry, services and so on," he said. "That's not Europe."

Prodi also defended his 2007 budget plan for Italy, which proposes higher taxes to bring the country's gaping budget deficit to below 3.0% of gross domestic product as E.U. rules require.

"Right now I'm very unpopular in Italy," he said. But "to take Italy to a new growth phase, one has to be serious and severe," he said, adding that he believed Italian public opinion is currently in favor of reform.

Critics, including inside Prodi's center-left coalition, complain that not enough reforms are being endorsed by the government. Prodi's coalition has a one-seat majority in the Senate, giving small fringe parties the power to exercise a veto on long-awaited reforms, such as raising the retirement age, currently one of the lowest in the developed world.

Prodi said he "hoped" that Italian GDP would grow by "more than" 2% this year.

"Otherwise the distance with other European countries will be too great," he added.

Joburg Africa 18:55 GMT January 12, 2007 Reply   
hk ab 18:10 GMT January 12, 2007
Martin might have a good story waiting for us this Sat on gold.

Thankyou...GT...Good w/e

LKWD JJ 18:36 GMT January 12, 2007 Reply   
good w/e to all!!!!

LKWD JJ 18:33 GMT January 12, 2007 Reply   
that would be perfect!!!

West Ham oldgroyne 18:29 GMT January 12, 2007 Reply   
LKWD JJ 18:16 GMT January 12, 2007

Yes, especially if ÂŁ/yen keeps going up then entirely possible.

warsaw TOMi 18:24 GMT January 12, 2007 Reply   
LKWD JJ 18:16 GMT January 12, 2007

this year possible

LKWD JJ 18:16 GMT January 12, 2007 Reply   
is it possible to see $y 120-125 with cable @ 2.00 ?

hk ab 18:10 GMT January 12, 2007 Reply   
Martin might have a good story waiting for us this Sat on gold.

OTTAWA mjw 18:03 GMT January 12, 2007 Reply   
HK kevin nice play on cable , i was going to do the same with$/chf ,boy i have a lot to learn !!! thks for posting the trade

GVI Jay 17:53 GMT January 12, 2007 Reply   
Sydney ACC. re your post,

Worth a read:

FX Briefing (BHF Bank)

Sydney ACC 17:51 GMT January 12, 2007 Reply   
At the March meeting, the ECB will have its new macro economic projections and thus plenty of material to discuss the rate outlook and make a fully informed decision. Expect the inflation projection for this year to be revised lower to below 2% and the growth projections to be kept unchanged. Put together this does not make a very strong case for raising rates at that meeting. Also, the first weak economic reports post VAT from Germany will become available. With the rest of the euro area having already slowed to a more moderate pace of growth, it is thus difficult to find a strong argument in favour of a rate rise that particular month.

Joburg Africa 17:47 GMT January 12, 2007 Reply   
Any ideas on where gold is headed oilman

Joburg Africa 17:47 GMT January 12, 2007 Reply   
Any ideas on where gold is headed oilman

Cannes Oil man 17:33 GMT January 12, 2007 Reply   
Meanwhile Gold goes to 623..

HK Kevin 17:33 GMT January 12, 2007 Reply   
Closed my short Cable from 1.9603 at 1.9575.

PAR 17:33 GMT January 12, 2007 Reply   
Imho we can see EUR below 1.2000 this year .

Caribbean! Rafe... 17:32 GMT January 12, 2007 Reply   
can anyone tell me how to convert 1 currency into another, i can't remember the methods....

brain feels frazzled.. need help to think as i am fast asleep.

warsaw TOMi 17:24 GMT January 12, 2007 Reply   
any, isn't it about time for eurchf or?

Como Perrie 17:24 GMT January 12, 2007 Reply   
Amsterdam Purk Jr 14:25 GMT January 12, 2007

hi purker's family...just took a look..not watching around much these days opinions, just markets more than enough..

have a nice w7e

Cannes Oil man 17:24 GMT January 12, 2007 Reply   
FW CS 16:58 GMT January 12, 2007

I'd say Neutral , however he has to be neutral ...The E$ is already at 1.29..If he had said something which could have resembled hawkish , the euro would have surged to 1.33 on the same day, followed by new high's today..Then no stopping it.
Euro will keep appreciating , he's well aware of it ,if only by other cb's diversification, but by being neutral , he puts a breaks on the upside for some time..Markets go a little adverse to the Euro (though not by much , as it barely dropped at all).
gl gt

warsaw TOMi 17:19 GMT January 12, 2007 Reply   
catt, think there might be time for yr beast to s close 236 ar.

PAR 17:10 GMT January 12, 2007 Reply   
Trichet was dovish and will stay dovish till :

1 : april 22 . I . E. French presidential elections .

2 : Then will be divish till june . I. E. French parlimentary elections.

After june ECB may become independent again unless Chavez (Segoléne Royal ) is elected in France.

Have a nice weekend

CT Cris 17:09 GMT January 12, 2007 Reply   
CT Cris 15:54 GMT January 12, 2007
cable sold another here 19590
======
exit both positios at 19570

FW CS 16:58 GMT January 12, 2007 Reply   
Oil Man
Was trichet hawkish or dovish? Words were not very clear some parts were neutral and some hawkish.

warsaw TOMi 16:55 GMT January 12, 2007 Reply   
Cannes Oil man 16:50 GMT January 12, 2007

don't loose faith.. anyway 1st SAR in 1.96..

Cannes Oil man 16:50 GMT January 12, 2007 Reply   
This prices aren't enough to get people interested..Neither bulls nor bears want to keep pushing..

Problem for the day is the current aversion to the euro , market needs a few days to absorb the trichet words.

HK Kevin 16:12 GMT January 12, 2007 Reply   
Athens MK 15:56 GMT and oil ma, vely good calls. Just short at 1.9603 for some pips raiding.

West Ham oldgroyne 16:01 GMT January 12, 2007 Reply   
EUR/GBP... very interesting having a good crack at .66. Last time this cros was at this level $/CHF was at 1.3. This time interest rate criteria supports $ even more.

dc CB 15:59 GMT January 12, 2007 Reply   
FYI...IMM floor trading closes early today, along with Bond market.
Globex currencies close at regular time.

Athens MK 15:56 GMT January 12, 2007 Reply   
=================================
Athens MK 15:04 GMT January 8, 2007
ldn jas 14:53 GMT January 8, 2007

Here are my targets from this morning...

Target 1: 1.9430 -45
Target 2: 1.9514 A favorite of mine
target 3: 1.9560

===================================

Now my short-term positions are close (finally) and will look at new targets on Monday........

Have a nice weekend... GLGT

warsaw TOMi 15:56 GMT January 12, 2007 Reply   
keeping pushing oily..

CT Cris 15:54 GMT January 12, 2007 Reply   
cable sold another here 19590

warsaw TOMi 15:43 GMT January 12, 2007 Reply   
lugano fc 15:41 GMT January 12, 2007

personal congs..

lugano fc 15:41 GMT January 12, 2007 Reply   
personally i am short usd against eur and chf at 2870/2910 and 2500

also short sp500 and more more risky longed a little lot in crude at 51.90 (excesses must be corrected....)

Caribbean! Rafe... 15:38 GMT January 12, 2007 Reply   
hk ab 14:21 GMT January 12, 2007
Rafe, is it the point where you want to short now?

i don't understand which post of mine your referring to mate.

better to stay on the short side of euro's... 13087 might be tops not sure yet as have not done calcs for next week as yet...

warsaw TOMi 15:38 GMT January 12, 2007 Reply   
Cannes Oil man 15:36 GMT January 12, 2007

ok will try..

lugano fc 15:37 GMT January 12, 2007 Reply   
lugano fc 14:46 GMT December 28, 2006
should almost be clear to all that the usd makes just rebound but the principal trend is DOWN DOWN DOWN

USDCHF will go under 1.10 eurusd around 1.50


they just push till the top but now think is over....dont long the usd. it is possible that you will not have a possibility to close even with 10pips profit because we are going up.

Cannes Oil man 15:36 GMT January 12, 2007 Reply   
But frankly shorting GBP isn't advisable..First it's friday, it's moving up , secondly market is still absorbing the rate "surprise".
Prolly won't let go for the day , keep pushing till there's blood.

The Netherlands Purk 15:35 GMT January 12, 2007 Reply   
Being Friday i have doubts if e/j goes back to the low of today, but it is good to see that loonie is above the 117 level again. low 11779.
usd/jpy is indeed doing some consolidation but stays above the 12016 zone. It does not respond on the usd weakness during the day, and i guess that if e/u retreats we will see uppy back again.

warsaw TOMi 15:31 GMT January 12, 2007 Reply   
Cannes Oil man 15:26 GMT January 12, 2007

yes, more accurate, with stop 9633 reckon..

Cannes Oil man 15:26 GMT January 12, 2007 Reply   
I have 1.9611.

HK Kevin 15:24 GMT January 12, 2007 Reply   
Cable resistance at 1.9590

The Netherlands Purk 15:19 GMT January 12, 2007 Reply   
Rise to where?

warsaw TOMi 15:19 GMT January 12, 2007 Reply   
CT Cris 15:15 GMT January 12, 2007

nice one, I have only SAR 1.96 cris from me..

CT Cris 15:15 GMT January 12, 2007 Reply   
cable ..sell now 19570 and sell another if rise.

London Gooner 15:12 GMT January 12, 2007 Reply   
LKWD JJ 14:50 GMT January 12, 2007
cable avg range has been 100pips , with today +125 ish hard to go long here.
-
Cable can do well of 160 pips range on conditions like today. Risky to short. Better buy dips which 1.9500/9490 may offer and contain downside for 1.9650+

some profit taking and bottom picking buying on eurusd today, as it will continue Cable will be short term bullish (higher lows/highs stuff)

Cali mmm 15:12 GMT January 12, 2007 Reply   
Thank you Oilman!
mmm

Cannes Oil man 15:03 GMT January 12, 2007 Reply   
As for gbp$ , current target 1.9750.

Cannes Oil man 15:01 GMT January 12, 2007 Reply   
Cali mmm 14:41 GMT January 12, 2007

IF we manage to get above 1.30 (and this isn't a given as of now), good chances we keep going into the next week , with the next phase , 1.34.
As for $chf , we re very close to start a liquidation..Under 1.2400 it will accelerate..So far no sigals to short it (Medium term signals , shorter are already short)...So far just pointing to 1.2529 as a mid term top.

As for $/CAD , system still points to 1.1466..So far didn't get there , didn't move up either , break under 1.1670 will be the trigger.
gl gt

MontrĂ©al Taro 15:00 GMT January 12, 2007 Reply   
Global-view use to have a page where the pivot were given. Is there someone that could refresh my memory where is that link to go there ?

LKWD JJ 14:50 GMT January 12, 2007 Reply   
cable avg range has been 100pips , with today +125 ish hard to go long here.

LKWD JJ 14:48 GMT January 12, 2007 Reply   
small short @ 48 cable didnt get much downside follow thru as 45 is r1 but not giving more than 10 pips . looks like she wants to go even higher to area where r2 is 19650

london pw 14:42 GMT January 12, 2007 Reply   
CT Cris 14:34 GMT January 12, 2007
Thanks Cris from earlier....appreciated your good analysis.....

Cali mmm 14:41 GMT January 12, 2007 Reply   
Oilman, are you short USD/CAD or planning to ? Any targets? Also can you pls share your current view on EUR/USD and USD/CHF pairs? TKS !

The Netherlands Purk 14:38 GMT January 12, 2007 Reply   
Hillgom Martha 13:13 GMT January 12, 2007

It is Hillegom Martha, HILLEGOM

CT Cris 14:34 GMT January 12, 2007 Reply   
Amsterdam Purk Jr 14:25 GMT January 12, 2007
===
he is trying to understand the chart.may be he can find something to promote.

Cannes Oil man 14:33 GMT January 12, 2007 Reply   
Market also at level's not interesting for most...No exitement , for either bulls or bears..

Cannes Oil man 14:31 GMT January 12, 2007 Reply   
The market behaved like i said last night, we made a little low , and fell on chinese buys at 1.2870's..Sooner or later was bound to happen..Now have to see if there's a follow through, bringing us to 1.34...Though before E$ bulls rejoice there's a lot of work to do..Probably over 1.3050 before we can point to a bottom, though big size bids usually put a floor.
gl gt

Madrid mm 14:27 GMT January 12, 2007 Reply   
PAR 14:05 GMT January 12, 2007
Rumors that BOE thinks that if they bring UK interest rates to Australian levels it would be good for British Cricket . Lol.


I guess the BOE needs to raise rates all the way to 15% to get the Ashes back to the UK !!! lol

Amsterdam Purk Jr 14:25 GMT January 12, 2007 Reply   
CT Cris 13:31 GMT January 12, 2007 Very good f/cast. Now where is Como-toze Pierre? LOL

hk ab 14:21 GMT January 12, 2007 Reply   
Rafe, is it the point where you want to short now?

AZUSA 4X-ed 14:19 GMT January 12, 2007 Reply   
LKWD JJ 14:07 GMT January 12, 2007 ||| Market must've been watching Davidowitz on Bloomberg! So many retail sectors down that is mind numbing where these "strong" retail numbers come from.

LKWD JJ 14:18 GMT January 12, 2007 Reply   
thanks , i guessed i missed that piece of news.

Cannes Oil man 14:15 GMT January 12, 2007 Reply   
Market is $ saturated.

Gen dk 14:13 GMT January 12, 2007 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Hong Kong Ahe 14:12 GMT January 12, 2007 Reply   
LKWD JJ 14:07 GMT Dec Revision is lower and big.

LKWD JJ 14:07 GMT January 12, 2007 Reply   
why did the usd not react off the reports? buy the rumor sell the fact?

PAR 14:05 GMT January 12, 2007 Reply   
Rumors that BOE thinks that if they bring UK interest rates to Australian levels it would be good for British Cricket . Lol.

Melbourne Qindex 13:41 GMT January 12, 2007 Reply   
Melbourne Qindex 07:39 GMT January 12, 2007
USD/CHF (Daily Cycle) : The market is going to consolidate between 1.2477 - 1.2510. Upside targeting points are 1.2543 and 1.2576.

Caribbean! Rafe... 13:36 GMT January 12, 2007 Reply   
lol..just watch out guys we are in for a wild ride...

Melbourne Qindex 13:35 GMT January 12, 2007 Reply   
AUD/USD (Daily Cycle) : After consolidating between 0.7777 - 0.7809 the market is likely to move lower. Downside targeting points are 0.7697 and 0.7745.

RIC fxq 13:33 GMT January 12, 2007 Reply   
0.9% RETAIL SALES

CT Cris 13:31 GMT January 12, 2007 Reply   
london pw 13:16 GMT January 12, 2007
CT Cris 10:38 GMT January 12, 2007
Cris - any recommendations for gbp/usd for before and after news?...thanks

=====
It is uptrend.
either you buy b4 data.. and if decline buy another as it will reverse.
or wait after data if decline then buy.

AZUSA 4X-ed 13:29 GMT January 12, 2007 Reply   
Mtl JP 13:26 GMT January 12, 2007
Event risk:

and/or inflationary risk

Mtl JP 13:26 GMT January 12, 2007 Reply   
Event risk:

13:30GMT December U.S. Retail Sales/ex autos: 0.7%/0.5% 1.0%/1.1%

PAR 13:22 GMT January 12, 2007 Reply   
US retail sales probably declined in December on weak US housing sector .

AZUSA 4X-ed 13:17 GMT January 12, 2007 Reply   
Just my opinion - higher consumer credit and higher incomes could translate to a $+ reaction.

Caribbean! Rafe... 13:16 GMT January 12, 2007 Reply   
euro, sell on upside spikes.

london pw 13:16 GMT January 12, 2007 Reply   
CT Cris 10:38 GMT January 12, 2007
Cris - any recommendations for gbp/usd for before and after news?...thanks

Melbourne Qindex 13:14 GMT January 12, 2007 Reply   
EUR/GBP (Daily Cycle) : The expected consolidating range is 0.6616 - 0.6639. Downside targeting points are 0.6573 and 0.6594.

Hillgom Martha 13:13 GMT January 12, 2007 Reply   
The Netherlands Purk 13:03 GMT January 12, 2007
To best explain the word "dissipate" to you is to think of what happens to your euros when pay for the "extras" at the Amsterdam supermarkets..

The Netherlands Purk 13:03 GMT January 12, 2007 Reply   
hmmm my shorts are still alive and i have looked up the the word dissipating in the dictionary, it is the word that dr. Q used. I dont know if the usd/jpy is err doing this, because i dont see 12016... it is not clear for me until or 12077 is gone or 12016.
Let us wait and eat some crusts.... dinner not earned yet.

Caribbean! Rafe... 13:02 GMT January 12, 2007 Reply   
mid-term/long term target for euro's is 12586.

Melbourne Qindex 13:02 GMT January 12, 2007 Reply   
hk ab 12:23 GMT - EUR/USD and AUD/USD are having problems with their crosses.

London Gooner 12:54 GMT January 12, 2007 Reply   
Houston CJ 21:37 GMT January 11, 2007
Gooner_ I am Long GBP/USD @ 1.9444.
-
Hi CJ, am long from 1.9410 - I would say that if the market struggles
it will be at 1.9510 fibo. if that goes see 1.9580. That's a 3rd wave up forming scenario - rather than seing the move from 1.9261 as an a-b-c correction of previous downmove..
-

HOUSTON CJ.
1.9510 good level from where you're long to take all or some - as you feel. It's conservative but safe reward.

London Misha 12:47 GMT January 12, 2007 Reply   
London 12.28

You sound like a bitter Chelsea supporter

London 12:28 GMT January 12, 2007 Reply   
West Ham oldgroyne 09:50 GMT January 12, 2007

Its about time you supported a decent football team....

Your going down down down ....

london phil 12:25 GMT January 12, 2007 Reply   
i noticed some one posted yesterday that boe will have seen the inflation numbers for next week before they raised rates yesterday so expect stronger inflation numbers next week

hk ab 12:23 GMT January 12, 2007 Reply   
Dr. Q, problem to make it go down or up?

Melbourne Qindex 12:19 GMT January 12, 2007 Reply   
EUR/USD : It is having some problems.

Melbourne Qindex 01:48 GMT January 12, 2007
EUR/USD : The market is heading towards 1.2812 - [1.2835]* trading range

Melbourne Qindex 12:17 GMT January 12, 2007 Reply   
EUR/CAD : the market is pulling towards 1.5079.

Melbourne Qindex 12:15 GMT January 12, 2007 Reply   
USD/JPY : The market is dissipating its upward momentum.

Melbourne Qindex 06:35 GMT January 12, 2007
USD/JPY (Daily Cycle) : The market is going to consolidate between 120.32 - 120.72 and the mid-point reference is 120.52. One can assume that the market momentum is strong when it is trading above 120.52. The upside targeting points are 121.12 and 121.69. The downside targeting points are 119.92 and 120.29.

Melbourne Qindex 12:13 GMT January 12, 2007 Reply   
manchester 12:06 GMT - 1.1727 is a normal daily cycle lower limit. Something is not right when USD/CAD is trading below 1.1727. Look at EUR/CAD, it is weak.

hong kong seek 12:09 GMT January 12, 2007 Reply   
DR Q , view on usdjpy pls , many ths

manchester 12:09 GMT January 12, 2007 Reply   
Qindex, thanks. at a critical level now

manchester 12:06 GMT January 12, 2007 Reply   
Qindex, Are you expecting USD/CAD it to move down 11683 or up past 118?

Melbourne Qindex 12:05 GMT January 12, 2007 Reply   
USD/CAD : Speculative selling pressure will increase when the market is trading below 1.1727.

Melbourne Qindex 12:04 GMT January 12, 2007 Reply   
USD/CAD (Daily Cycle) : The market is expected to consolidate between 1.1727 - 1.1776. Downside targeting points are 1.1683 and 1.1727. Upside targeting points are 1.1826 and 1.1860.

Cannes Oil man 12:02 GMT January 12, 2007 Reply   
Guess the news will decide the fate of the Euro..Up or down.

Porto Genius 11:42 GMT January 12, 2007 Reply   
its working now!
time to eurusd go higher!

Gen dk 11:28 GMT January 12, 2007 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Auckland trotter 11:25 GMT January 12, 2007 Reply   
Manchester SA 10:42 GMT January 12, 2007
“Would you be kind enough to post how you do your scalping using the RSI @5 “

Maybe this would be better on the help forum.

I can only give a brief my version of this.

You have to understand the market you are trading in terms of the direction of the trend and various technical indicators on various time charts and the various fundamentals that give support and resistance. This gives a range of the price given the expected fundamentals.

I have noticed that the RSI (5) will move between over bought and over sold no matter what direction the market takes. This in some situations is a short correction, and can be a false trade. Therefore, it has to be taken in consideration with other indicators. If the trend is in a certain direction and various indicators are in agreement, then bouncing the RSI (5) in the direction of the trend is a good way of taking pips especially if you use leverage.

Porto Genius 11:23 GMT January 12, 2007 Reply   
madrid your platform is working?

Madrid Lg 11:19 GMT January 12, 2007 Reply   
Porto Genius 11:16 GMT January 12, 2007
understand if you got P M S problems genius...hard to trade in that condition.

Porto Genius 11:16 GMT January 12, 2007 Reply   
having problems with c m s? i cant trade at this moment

Como Perrie 11:01 GMT January 12, 2007 Reply   
Just wanted to warn you guys about a broker's scam going on around.
The brokerage name is PROFINUM and they do not pay funds out very easily, or not at all - at least this is happening to some of their clients.
Seems London based, prefix given.

So just one thing to consider before you trade.


ref. CT.. no time to promote myself here, gotta trade

Auckland trotter 10:54 GMT January 12, 2007 Reply   
CT Cris 10:38 GMT January 12, 2007
Auckland trotter 10:29 GMT January 12, 2007
CT Cris 10:04 GMT January 12, 2007
What is your assessment of the EUR/USD?
=====
I dont how how can I take the pips where you see them for now as you posted.
anyhow eur.usd in uptrend now buy and buy another if decline
first target 12940 second 12970 3rd 13000 sl 12880.


Without you explaining your trading approach I can not comment.

Yes the EUR/USD has an up pressure which I have given reasons for. But there are also other aspects that I have given as to a range of the price and uncertainty of the direction during this trading session. Further explanations one could look at the 4hr 20day chart and compare it to the 1hr 5day, 1day 6mo and other charts. This chart appears to be the one to look at for the moment, in regards to the present conflict of the direction the price will take.

As I said previously, it depends on what time scale you trade on, and also what technicals you use, as well as considerations of fundamentals.

Finished my trading session, so setting my S/L.

Always open to learn.

AMS MAXXIM 10:43 GMT January 12, 2007 Reply   
E$ had it's chances sotosay , watch 2.093 million bbl/day; note - prewar production (in 2002) was 2.03 million bbl/day (2005 est.)

Manchester SA 10:42 GMT January 12, 2007 Reply   
Auckland Trotter....................

Would you be kind enough to post how you do your scalping using the RSI @5 please............what time frame and your rules?

Thanks in advance.

SA

CT Cris 10:38 GMT January 12, 2007 Reply   
Auckland trotter 10:29 GMT January 12, 2007
CT Cris 10:04 GMT January 12, 2007
What is your assessment of the EUR/USD?
=====
I dont how how can I take the pips where you see them for now as you posted.
anyhow eur.usd in uptrend now buy and buy another if decline
first target 12940 second 12970 3rd 13000 sl 12880.

Auckland trotter 10:29 GMT January 12, 2007 Reply   
CT Cris 10:04 GMT January 12, 2007
What is your assessment of the EUR/USD?

I would be interested to learn from another point of view - ref my previous posts.

Auckland trotter 10:23 GMT January 12, 2007 Reply   
CT Cris 10:04 GMT January 12, 2007
Previous posts:

Auckland trotter 08:58 GMT January 12, 2007
Auckland trotter 08:54 GMT January 12, 2007


I would add for the rest of the list that the price has failed to break 1.2915 on the 5min 12hr chart ahead of the expected US fundamental release.

Scalped using the RSI (5) for some profit. Pressure I still see as up but as per my previous posts, with conflicting aspects on various time charts - take the pips where you see them for now, and get out with an uncertain market (but of course that is from my understanding).

It all depends on what time scale you are trading on.

hk ab 10:11 GMT January 12, 2007 Reply   
currently we have channels for aud and kiwi.

CT Cris 10:04 GMT January 12, 2007 Reply   
Auckland trotter 09:36 GMT January 12, 2007
CT Cris 09:30 GMT January 12, 2007 .
=====
then where you think eur.usd is heading and it is target and why.

to catt 09:57 GMT January 12, 2007 Reply   
hank u 4 eeping in my p**ts

West Ham oldgroyne 09:50 GMT January 12, 2007 Reply   
Phone Trade - Part 2

Broker - Is there anything else I can do for you?
Catt - Yes, I would like to sell 1M Cable Aussie.
Broker - Sold, 1M GBP/USD at 1.94XX. You got my name right
the first time. It's Jen and not Aussie...

Aus Stu 09:48 GMT January 12, 2007 Reply   
Don't often trade Swissie but currently eyeing 1.2550/70 area @ daily bear t/line, is 50% of 1.3240 - 1.1878 move which is proving fairly solid resistance & also lines up very close to my daily R2. Little spike up after 13.30 GMT data may be a nice r/r, would work with some of the recent jawboning from SNB lately as well. As usual, market will decide, just my thoughts fwiw
GT

hk ab 09:43 GMT January 12, 2007 Reply   
jf, are you around?

Incheon Spyros 09:39 GMT January 12, 2007 Reply   
to catt 09:36 GMT January 12, 2007
The Poles are not working....the telegraph poles i meant..:)

warsaw TOMi 09:39 GMT January 12, 2007 Reply   
to catt 09:36 GMT January 12, 2007

please, try another then at [email protected]

warsaw TOMi 09:39 GMT January 12, 2007 Reply   
catt,

cable squared at 72

€/$ stop to entry target 2930.

out of $/chf at 97.

off for a day.

to catt 09:36 GMT January 12, 2007 Reply   
warsaw TOM
ur address isnt working, got it back

Auckland trotter 09:36 GMT January 12, 2007 Reply   
CT Cris 09:30 GMT January 12, 2007
“inorder to exclude you from the stupids , pls explain to us why
gbp.usd rose yestrday 170 pips then reversed with next 2 hours.”

Have no idea, as I only trade the EUR/USD.

to catt 09:36 GMT January 12, 2007 Reply   
Sydney ACC
recently euro moves in 30-40 pips ranges while cable pairs 3-4x bigger , traders next week estimate euro should drop to 2800
cableyen is quite overbought , sell signal generated on daily

West Ham oldgroyne 09:33 GMT January 12, 2007 Reply   
Broker - Good morning, what can I do for you today?
Catt - I would like to sell 1M Cable Yen?
Broker - Sold, 1M GBP/USD at 1.94XX. Bye the way, how
did you know my name was Jen?

Gen dk 09:33 GMT January 12, 2007 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

CT Cris 09:30 GMT January 12, 2007 Reply   
Auckland trotter 09:11 GMT January 12, 2007
=======
inorder to exclude you from the stupids , pls explain to us why
gbp.usd rose yestrday 170 pips then reversed with next 2 hours.

warsaw TOMi 09:30 GMT January 12, 2007 Reply   
catt, for I like the lines you draw on them charts.

Sydney ACC 09:29 GMT January 12, 2007 Reply   
to catt 09:12 GMT January 12, 2007
warsaw TOM
yo!, ive c ableyen , cable short
sell cableyen tp 22900
my email?


If you have GBP/JPY profit level of 229.00, what do you estimate the rates for GBP and JPY versus USD will be and the time frame please.

warsaw TOMi 09:22 GMT January 12, 2007 Reply   
catt, yes, u can write to me on [email protected]

to catt 09:12 GMT January 12, 2007 Reply   
warsaw TOM
yo!, ive c ableyen , cable short
sell cableyen tp 22900
my email?

Auckland trotter 09:11 GMT January 12, 2007 Reply   
Como Perrie 08:57 GMT January 12, 2007
If someone is stupid enough to follow target figures without explanation or understanding then that is up to them.

Personally target figures that are posted without an explanation are meaningless, and even if the reason is given, it should be checked against ones own understanding. Reasons as to a target figure is useful to learn other approaches to trading and expand ones own trading methodology.

Isn’t the forum to share information?

warsaw TOMi 09:06 GMT January 12, 2007 Reply   
CT Cris 09:04 GMT January 12, 2007

your comments are of some overall value to me,please continue..

gl/gt

CT Cris 09:04 GMT January 12, 2007 Reply   
Como Perrie 08:57 GMT January 12, 2007
CT Cris 08:52 GMT January 12, 2007
======

Just I want you to read your chart for the coming hours to show your education.to the forum.

Auckland trotter 08:58 GMT January 12, 2007 Reply   
Auckland trotter 08:54 GMT January 12, 2007
Should add that the levels of 1.2900 and 1.2930 are of interest on the 5min 5day chart.

Como Perrie 08:57 GMT January 12, 2007 Reply   
CT Cris 08:52 GMT January 12, 2007
do you really think people around are following yours and selling and buying. Except some demo gamers maybe.

Most are enough educated to read what the charts are showing, so why to print around so much of a nonsense coupla pips dancings around as anything really happened.

warsaw TOMi 08:56 GMT January 12, 2007 Reply   
to catt 08:42 GMT January 12, 2007

hola cacik,I have long €/$ at 2892,long cable at 9422 and smallik shorcik $/chf 1.2505 and you?

btw is there any direct line to ya? :)
happy trades!

Auckland trotter 08:54 GMT January 12, 2007 Reply   
The EUR/USD has been coming up from the SMA (100) on the 5min 12 hr chart recently. I have pressure up to the 50% fib on the 1day 6mo chart @ 1.2936.

But the consensus of fundamentals due out later are in favour of the USD.

See a tightening range of price ahead. Taking pips where I see them for now, and could stop trading for the session.

We shall see.

CT Cris 08:52 GMT January 12, 2007 Reply   
CT Cris 19:26 GMT January 11, 2007
usd.jpy sell 120.50 tp 120.00 sell another if rise.
======
exit all positions taken .

Athens MK 08:46 GMT January 12, 2007 Reply   
Good morning....

GBP/$:After yesterday spike hit my main target 1.9514 I have been waiting for the picture to clear up in our intraday trades.

Weekly picture still shows momentum bearish with 1.9560-70 an important level to maintain the bearish bias.

Daily picture still above the 1.9260+ support and as long as above this level is viable for bullish trades.

Intraday picture is showing 1.9485 resistance with lower lows being made in the last few hours.

1.9403 is a target for bears to break with 1.9190 the eventual first target.

1.9560-70 is a target for bulls with 1.9506 an area to overcome to achieve this first target. 1.9610-20 is the main target for system traders to hit.

CT Cris 08:46 GMT January 12, 2007 Reply   
CT Cris 18:28 GMT January 11, 2007
Cable turned into narrow sideways awaiting new trend.

===========
uptrend confirmed.

Syd 08:45 GMT January 12, 2007 Reply   
U.K. Prime Minister Tony Blair is preparing to announce a withdrawal of about 2,600 soldiers from Iraq, the Financial Times reports Friday.
A U.K. official told the FT Blair was set to make an announcement to the House of Commons on a drawdown by the end of next month, after the conclusion of the U.K.'s current operation around the city of Basra. Officials say the goal is to reduce U.K. troops in Iraq to 4,500 from the 7,100.

The government declined to set out a specific time­table.
Newspaper Web site: http://www.ft.com

AZUSA 4X-ed 08:42 GMT January 12, 2007 Reply   
The prevalent headlines may be the most valuable indicator in today's market. Crowd psychology should rule by the end of the day!

to catt 08:42 GMT January 12, 2007 Reply   
hola Tomik , u got any opens?

manchester 08:34 GMT January 12, 2007 Reply   
any comments on USD/CAD now? will we break 118 today?

Como Perrie 08:32 GMT January 12, 2007 Reply   
Not of much importance in such markets, so far here's the story (PS monday holiday - light w/e and off)

http://in.today.reuters.com/News/newsArticle.aspx?type=businessNews&stor...

ABU DHABI -- Gulf Arab oil producers are reviewing currency pegs to the falling dollar and could decide as early as March whether to keep or change their exchange rate regime, the United Arab Emirates central bank said on Thursday.

Governors of the six Gulf central banks will meet in March in Saudi Arabia and may agree to switch to another currency or currency basket, Governor Sultan Nasser al-Suweidi said. They may decide leave the pegs as they are and any changes would have to be approved by Gulf Arab rulers, he said.

Madrid mm 08:11 GMT January 12, 2007 Reply   
King's Surprise May Be Followed By Trichet; Fed Wary of Cutting

By Simon Kennedy and Brian Swint

Jan. 12 (Bloomberg) -- Bank of England Governor Mervyn King once famously said that interest-rate policy should be ``boring.'' Yesterday he flunked the test.

The U.K. central bank's surprise interest-rate increase was the second in six months to shock investors and economists, and may send a message to those who greeted the new year betting that by mid-year the European Central Bank would stop raising rates and the Federal Reserve would cut them.

bloomberg.com

warsaw TOMi 07:46 GMT January 12, 2007 Reply   
eurgbp overall structure is bearish. Decelerating momentum could attract it towards supports at 0.6607 or 0.6601. Major support is clustered around 0.6551 limit.

Melbourne Qindex 07:39 GMT January 12, 2007 Reply   
USD/CHF (Daily Cycle) : The market is going to consolidate between 1.2477 - 1.2510. Upside targeting points are 1.2543 and 1.2576. Downside targeting points are 1.2411 and 1.2444.

Dubai Tony 07:26 GMT January 12, 2007 Reply   
Oilman,What is your view on euro/gbp

Madrid mm 07:23 GMT January 12, 2007 Reply   
-GBP/JPY at fresh 8 year 5 month highs near key 235.00 handle after BoE rate hike, while EUR/GBP remains under pressure.
-AUD/JPY near 10-yr highs again, on expectation of Uridashi, RBA rate hike.
-USD eye Retail Sales for next move.
-US markets will be closed on Monday for MLK day.
-Nikkei +1.3% or 219 at 17,057 on weaker JPY. JGBs a tad lower on firmer Nikkei, concerns over BoJ rate hike.
-Asian FX ranges: USD/JPY 120.32/120.73, EUR/USD 1.2877/1.2907, GBP/USD 1.9427/1.9470, USD/CHF 1.2474/1.2506, AUD/USD 0.7792/0.7810, NZD/USD 0.6882/0.6917.

Melbourne Qindex 07:22 GMT January 12, 2007 Reply   
EUR/USD (Daily Cycle ) : The market is going to consolidate between 1.2865 - 1.2921. The upside targeting points are 1.2981 and 1.3018. The downside targeting points are 1.2809 and 1.2865.

Madrid mm 07:19 GMT January 12, 2007 Reply   
Import and Export Prices
Released on 1/12/07 For Dec 2006 @ 8.30 ma et
Import Prices, M/M change
Consensus 0.5

Retail Sales
Released on 1/12/07 For Dec 2006 @ 8.30 ma et
Retail Sales, M/M change
Consensus 0.6 %
Retail Sales less autos, M/M change
Consensus 0.5 %

Business Inventories
Released on 1/12/07 For Nov 2006 @ 10.00 am et
Inventories, M/M change
Consensus 0.4 %

Treasury Budget
Released on 1/12/07 For Dec 2006 @ 2.00 pm ET
Treasury Budget, Level
Consensus $ -25.0 B

Bloomberg.com

Cannes Oil man 07:17 GMT January 12, 2007 Reply   
E$ has it's chances today , watch the 1.2960 or 1.2870 pop..
back to sleep .

Melbourne Qindex 07:10 GMT January 12, 2007 Reply   
GBP/USD (Daily Cycle) : The market is expected to consolidate between 1.9419 - 1.9485 and the midpoint reference is 1.9452. Upside targeting points are 1.9496 and 1.9551. Downside targeting points are 1.9236 and 1.9353.

Sydney ACC 07:06 GMT January 12, 2007 Reply   
Madrid mm 06:47 GMT January 12, 2007
Agreed. What the market has overlooked while concentrating on property prices is the rally in the stockmarket. The S&P 500 has appreciated 15% since July.
Americans have a higher inclination to invest in the stockmarket than they do in residential property as an investment.

Madrid mm 06:47 GMT January 12, 2007 Reply   
A strong retail sales report would further boost what is becoming a rising economic outlook.

Melbourne Qindex 06:40 GMT January 12, 2007 Reply   
The Netherlands Purk 06:12 GMT - 120.77 is a project chart point in my weekly cycle charts. Since today is Friday and I pay more attention to my weekly cycle charts. The upper barrier of my weekly cycle is 120.77 // 121.17.

Syd 06:37 GMT January 12, 2007 Reply   
USD/JPY Ticks Up; European Names
USD/JPY rising gradually as European players enter market, though exporters cap around 120.70, says senior customer dealer at major Japan bank; as more Europe players come in it's very likely pair will test 121, he says. Another trader says upmove may last for while as "there's no reason to sell the dollar."

Melbourne Qindex 06:35 GMT January 12, 2007 Reply   
USD/JPY (Daily Cycle) : The market is going to consolidate between 120.32 - 120.72 and the mid-point reference is 120.52. One can assume that the market momentum is strong when it is trading above 120.52. The upside targeting points are 121.12 and 121.69. The downside targeting points are 119.92 and 120.29.

The Netherlands Purk 06:12 GMT January 12, 2007 Reply   
Houston CJ 21:37 GMT January 11, 2007
Gooner_ I am Long GBP/USD @ 1.9444. I know there are a pile of offers sitting at 1.9473-5. Do you think we are going to see enough bidding to push through during the asian market? OR do you think the GBP/JPY cross is loosing steam and is going to drive the GBP/USD down?

Currently I am letting it ride through the night, but I am considering placing a limit at 70 and pulling my chips off the table.

Purk I would like you take on this too.

I dont do cable, my nextdoorneighbour warned me about wiping out account in 1 day... it moves very quickly north and south, as we saw yesterday.

Dr. Q, i saw that you have the same point of usd/jpy as i did yesterday, 12077, but i see more coming, so lets see if the lads with the money give you the credit. My short would appreciate that, but pattern says 121 and it is calling me now... cheers.

The Netherlands Purk 06:03 GMT January 12, 2007 Reply   
Right, usd/jpy low 12033. No retreat to 12016, for me that means 121 today.... high somewhere between 12102 and 12121... Pitty for my short, but can try another level for appointment with 120...

Singapore fs 05:25 GMT January 12, 2007 Reply   
Sydney ACC 04:55 GMT January 12, 2007
http://news.bbc.co.uk/2/hi/europe/6254399.stm

Cannes Oil man 05:12 GMT January 12, 2007 Reply   
GBPJPY is being long'd by fish at 76% atm , not really a safe long.
gl gt , and GN.

AMS MAXXIM 05:09 GMT January 12, 2007 Reply   
變talkscontinue

Sydney ACC 04:55 GMT January 12, 2007 Reply   
There's an unconfirmed report of an explosion in teh US embassy in Athens. No reports of casualties.

Calcutta Vikram 04:48 GMT January 12, 2007 Reply   
Following the rate hike by the BOE yesterday, EUR-GBP, which had been declining through the week, broke below the previous Low of 0.6670 seen in Nov-06, to fall to 0.6625. However, it gets some Support near 0.6625 on a Down-Channel-Support line joining Lows at 0.6754 (May-06) and 0.6683 (Sep-06) on the Weekly Candles. This could give the pair a small corrective bounce towards 0.6670.

hk ab 04:34 GMT January 12, 2007 Reply   
millions thanks for your generous opinions oilman, $$ in my pocket.

USA BAY 04:32 GMT January 12, 2007 Reply   
What data is due pls. Thanks

to catt 04:26 GMT January 12, 2007 Reply   
Cannes Oil man
whats your take on cableyen , dayly chart shows the break inthe chart , stochs at max value , i think its gonna fall for few hundred pipoz next week , BoJ hike % might play quite a role , what do u think?
TIA

Cannes Oil man 04:25 GMT January 12, 2007 Reply   
hk ab 04:07 GMT January 12, 2007

Hello , Ab.

Looks like nor gold , nor CHF , wants to move with the $ current move..(so far)..
Gold is at a good support here (was before a trendline the 590/600 line) , so it might just be lagging , or showing the next way..Accumulated or not , it will if e$ goes down further , liquidate anyways..
However we also have SNB doing very strong rhetoric (Market in Euphoria, and other nasty and strong wording) , admitedly Euro charts look quite crappy atm ,however it might bounce from here or from 100 pips lower..I'm a bit skeptical about the 1.2720 , as everyone seems to be saying this is where it will go..
ALL euro cross are definitely overdone (EUR/AUD , EUR/NZD, EUR/GBP etc etc) , guess if the data tomorrow isn't too good , we could have a MAD rush to the upside , as for downside , it will soon be met with fierce defense , with all the guys who stuck options when it started rising from 1.24..(and the CB's etc , BOD'ing the euro)..
Let's bounce from here..

Poland Piotr 04:18 GMT January 12, 2007 Reply   
Cannes Oil Man,

What is your view on USD/JPY for today. 121?? Thanks

hk ab 04:07 GMT January 12, 2007 Reply   
oilman, do you see gold is being accumulated now? higher high and low on daily.

Cannes Oil man 04:00 GMT January 12, 2007 Reply   
One of those sessions where nothing happens, the calm before the friday's storm , locked in a mad 15 pips range.

Guess friday US and Euro session will be lively.
gn

kuwait 02:54 GMT January 12, 2007 Reply   
GBP:1.9535-1.9560 if Gbp hold in this area i will go short
what you think mal....???

dc CB 02:10 GMT January 12, 2007 Reply   
USD Index daily...should be a reaction at the 200dma...soming up soon...as a wave 3 stalls and builds into a w 4....

http://stockcharts.com/c-sc/sc?s=$usd&p=D&yr=0&mn=6&dy=0&i=p70737928148&r=5930

Rye,NY et 01:59 GMT January 12, 2007 Reply   
Rye,NY et 19:33 GMT January 11, 2007
Long Eur/Usd 12884; stop 12872; target open
________________________________________
Adjusted stop to 12868; target 13045
I posted earlier that 12880 was a critical level (yesterday). As of today's opening, the Bullish Channel (Short-term uptrend) is off the table. The market continues to trade the Bearish Channel. If today's low holds, we can look for a bounce up toward one of the channel's Fibs or the Resistance Line. Except for a possible bounce from here, the Short-term bias continues to the downside. Sell the rallies...fwiw...GL/GT

Melbourne Qindex 01:48 GMT January 12, 2007 Reply   
EUR/USD : The market is heading towards 1.2812 - [1.2835]* trading range.

Melbourne Qindex 01:35 GMT January 12, 2007 Reply   
USD/CHF : As long as the market is trading above 1.2431, buy on dips is the preferred trading strategy.

Melbourne Qindex 01:34 GMT January 12, 2007 Reply   
USD/CHF : As long as the market is traing above 1.2431, buy on dips is the preferred trading strategy.

Melbourne Qindex 01:25 GMT January 12, 2007 Reply   
USD/CHF : It is heading towards 1.2536. A projected barrier is expected at 1.2567 - 1.2569.

Singapore gfx 01:15 GMT January 12, 2007 Reply   
melbourne qindex,

could you pls give the analysis for usd/chf pls. thanks

Melbourne Qindex 01:10 GMT January 12, 2007 Reply   
EUR/USD : Speculative selling pressure will increase if the market is trading below 1.2878 which is a projected chart point in my monthly cycle charts.

Syd 00:15 GMT January 12, 2007 Reply   
Be on guard for possible USD/JPY rise to 123.00 or even 124.00 this month, given growing market perception that possible BOJ hike next week wouldn't help JPY much, says Societe Generale Tokyo FX head Hidenori Kato; "there may be a temporary burst of yen-buying" if BOJ tightens credit, but "eventually, I think the market will warm back to views that the rate gap (between the U.S. and Japan) is large so it's wise to buy the dollar." That's especially so at time when signs of firmness in U.S. economy making players willing to bet on USD rise. Pair last 120.34 on EBS.

Melbourne Qindex 00:05 GMT January 12, 2007 Reply   
AUD/USD : The market is expected to consolidate between 0.7774 - 0.7840 and the mid-point reference is 0.7807. The odds are in favour of maintaining a short position when the market is trading below 0.7807. The initial weekly cycle downside targeting point is 0.7709. The initial monthly cycle downside targeting point is 0.7669.