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Forex Forum Archive for 10/08/2007

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Stockholm za 23:50 GMT October 8, 2007 Reply   

Napoli DC 22:23 >>
While that post is made for good reading, it is more complex in reality...
Both the TD Sell Setup and TD Sell Countdown. For that recommendation was started in the beginning of September using the daily chart.
If you think EW is complicated then this DM model will give you a head ace…
The count is over that is why the trade is trigger...
Good luck

GVI john 22:41 GMT October 8, 2007 Reply   
Updated Daily Chart Points...
GVI Technical Chart Points. Or look under "Tools" in red navigation bar on top for "Chart Points".


Updated Daily Forex Charts...
EUR/USD USD/JPY USD/CHF GBP/USD EUR/GBP EUR/JPY
EUR/CHF AUD/USD GBP/JPY GBP/CHF USD/CAD CHF/JPY

NZD/USD

Access accurate and free GVI



Updated twice daily. Access GVI free

Chart Points and Moving Averages

Charts: Updated Bourses..
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GVI Calendar of selected key economic data, central bank meetings, etc....

Stockholm za 22:27 GMT October 8, 2007 Reply   
GVI John.... noted :-- CP

GBP/USD >> 2 Std Dev 1.1984 ??

.............................................................

EUR/USD Given is 1,4021 30min spike...

Napoli DC 22:23 GMT October 8, 2007 Reply   
Philadelphia Caba 21:41
so now it's four... (minus 9 to complete the setup)

Norway e.s 21:49 GMT October 8, 2007 Reply   
Nyham, Thanks for answer, my long aud /usd was short liwed stopped out +2 ,wating for short entry. Hawe reed your post and they are wery good,keep oop the god woork!Maby wee meet ons in Amsterdam. Good night!

Philadelphia Caba 21:41 GMT October 8, 2007 Reply   
Short AUDUSD At 0.8935
New Trade Recommendation - Short AUDUSD (0.25 unit on 08-October), at 0.8935, target 0.8520, stop-loss 0.9160. TD Sequential generated a sell signal in AUDUSD on today's New York close (10pm local London time). NOTE: Move the stop-loss to 0.9040 if 0.8790 trades. Our proprietary model is positive, so this position is classified as a tactical, counter-trend medium-term trade.

A TD Sequential Sell signal occurs following the completion of both a TD Sell Setup and TD Sell Countdown. TD Sell Setup is a series of 9 consecutive price bars which close higher than the close 4 bars earlier. TD Sell Countdown begins once a TD Sell Setup is complete and the market then posts 13 closes which are greater than or equal to the high 2 bars earlier.

ubs

London NYAM 21:36 GMT October 8, 2007 Reply   
e.s. Getting FXed in Amsterdam sounds great!
AUDUSD is a sell on rallies i agree. Being cute and going long is dangerous. Building baby shorts wth stop at the high would seem better. But hey its your pips. A pretty good but no-gauruntee chance we get to .8980/90 before falling.
Gooot nacht.

Norway e.s 21:29 GMT October 8, 2007 Reply   
Putting stopp to cost at long Aud /usd looking for a chans to shoort it agen.

Norway e.s 21:08 GMT October 8, 2007 Reply   
Maby we shud arenge a meeting for forum members in Amsterdam? cud bee funn!
Aud/usd this hawe comfused me latly,was short just before numbers friday and i not used the oppertunety to take profit just after numbers . I just rewesed to long at 8922 whit tight stopp maby i can get a few pip. At daily chart it looks lice sell the rallys to mee,whod aprisiat any vew! Gl/Gt.

USA Zeus 20:30 GMT October 8, 2007 Reply   
London NYAM 19:40 GMT October 8, 2007

Thanx NYAM. Doesn't take long before the (mah)MOODy DICK HEADs come running like COCKroacheS.

In the meantime glad to pipping along. The trade should continue (or will it?)

Smiles Everyone!

London NYAM 20:07 GMT October 8, 2007 Reply   
Dont worry Mahmood it took me a while to figure out what 'Dick' meant too. Its a metaphor (or is it?).
Purk, sounds good, but ill stick to cider as i'm getting phat with all these pips(or am i?).
My apologies to the forum. I'll stop now(or will I?).

The Netherlands Purk 19:53 GMT October 8, 2007 Reply   
Well the clog is off. Hats of for you today NYAM. Protect whatever is yours. Whenever you are in Amsterdam, of course not to visit thet red light thingy, but to visit the artery there, please give me a message, we can drink beer with the little finger up....
Leaving loonie at its high. Lets watch 9820 before 9888....

LDN Mahmood 19:50 GMT October 8, 2007 Reply   
London NYAM 19:40 GMT // The guy has really come out of the closet, at first he admitted it was valium and now a dick-sniffer too. Explains his condition.

London NYAM 19:40 GMT October 8, 2007 Reply   
Mr Zeus! You're not sniffing around for dick again are ya?
kind of opened yourself up for that one...;)
congrats on your trade.

USA Zeus 19:32 GMT October 8, 2007 Reply   
The Netherlands Purk 18:40 GMT October 8, 2007

Thanks great Clogite of that range thingy. Kaag takes a coupla years to hand craft one of those Feadships but- she will be mine...oh yes she will be mine.

Perhaps MMM from M land took the M's to Cyprus to bask on the beach some. Meanwhile watchout I smell Dick lurking around.


Happy Day!

Lahore Rk 19:15 GMT October 8, 2007 Reply   
Hi Friends

On USD cad pair if mkt close above 9895 on daily close basis or trade above 9922 means bottom is in and it can fly higher towards 10098** any view
2nd possibility is 9895** is tough but less likely

Any inputs from the other forum frinds

TIA

GL/GT

The Netherlands Purk 18:40 GMT October 8, 2007 Reply   
ZEUS, where is that MMM and the MMM from M land? Worse than bugger he is that boy..

Good for you all that profit, visit to Kaag Island comes in sight i guess.

Well loonie hesitating here. Off for some SOT.

USA Zeus 18:37 GMT October 8, 2007 Reply   
Took some off the swing trade for EUR/USD from 1.4236 ave. @ 1.4036 for +200

London NYAM 18:30 GMT October 8, 2007 Reply   
FWIW; my take is we head for 1.3750 with yen moving towards 117.90 but i expect the least movement in dollar yen relative to te other majors. View changes on upward break of 1.4090 and below 116.75.

Gen dk 18:28 GMT October 8, 2007 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Houston TE 18:23 GMT October 8, 2007 Reply   
1.3080 = 1.3980

Houston TE 18:22 GMT October 8, 2007 Reply   
Eur/Usd could bounce off 1.4030 or sub 1.4000. I'd keep stops at 1.3080 ish.

Springdale BDH 18:14 GMT October 8, 2007 Reply   
I would like to see what everyone thinks about the EUR/USD bouncing of 1.4030 to the upside or breaking thru to go lower. Anybody have an speculation here?

Houston TE 18:11 GMT October 8, 2007 Reply   
Appears some serious pips can be harvested in GBP/CAD longs!? Any opinions?

London NYAM 17:56 GMT October 8, 2007 Reply   
Purk// Thanks. Stop on the loone behind the 50% retrace around .9884 so ill lose less than gained. It was also a mini hegde vs my yen cross trades which are doing lovely. Yes I think we have more room to go.
Stopped out on small long Eurusd at 1.4044. This one looks like it might need a parachute.

The Netherlands Purk 17:45 GMT October 8, 2007 Reply   
Nice call there for e/j there NYAM. began shorting e/j at 16533 (closed) and tried some more higher. stops now at 16527. Feelindicator says that 16300 is still possible in a few days.
Only 65 pips left for the gap in e/u.
Pattern is shining now, shorting on err rallies whatever. 14210-20 will ruin this. Watch out for Dick. He might add a few pips to targets.
Is a few month ago, but on some evenings Loonie flapped its wings. Dont lose more that you took on that loonie trade NYAM, not worth it. If lotsa people decide to short loonie, Dick may have decided to take their stops.

The Netherlands Purk 17:32 GMT October 8, 2007 Reply   
Well loonie is at a stage here that it has to decide. Oilprice down 1,85 now. Can be lagging a bit here. Closed 2/6 of my longs here. Pips is pips. That correction is not seen yet.
Bugger shorts running smooth here.

tokyo nick 16:55 GMT October 8, 2007 Reply   
hi, may i ask about USD/HKD?

Washington MRM 16:50 GMT October 8, 2007 Reply   
Washington MRM 16:14 GMT October 8, 2007

-----------

Taking my GBP/JPY positions off. Am anxious from the push higher this morning. Think there might be another push higher in the short-term.

Napoli DC 16:36 GMT October 8, 2007 Reply   
stopped out on € longs for minus 10 pips,
relonged here at 1,405

Houston TE 16:15 GMT October 8, 2007 Reply   
Aud is eroding but Nzd is holding up

Washington MRM 16:14 GMT October 8, 2007 Reply   
Washington MRM 09:23 GMT October 8, 2007
Hong Kong YH

Looking for a pullback to 238.00 in the short-term (by U.S. open), which corresponds to 117.00 on USD/JPY and 2.0340 on GBP/USD.
----------------------

Still looking for this move, but was taken for a little ride earlier. I think we are going to see a flee from carries in the sessions to come. So, I take the strategy to buy yen on weakness. IMHO.

Lahore FM 15:44 GMT October 8, 2007 Reply   
Bangkok FUA 15:40 GMT October 8, 2007
2.0360 is critical for upside,incidentally for downside too.

Bangkok FUA 15:40 GMT October 8, 2007 Reply   
hello FM,

what is your view on cable for now?

Hong Kong YH 15:39 GMT October 8, 2007 Reply   
London NYAM 15:14 GMT October 8, 2007

Got it, please inform me if you have any good news

Makassar Alimin 15:35 GMT October 8, 2007 Reply   
long eurjpy 165.18, stop under 164.70

Lahore fM 15:30 GMT October 8, 2007 Reply   
Makassar Alimin 15:27 GMT October 8, 2007
yes i think it will get there,sooner rather than later.

Makassar Alimin 15:27 GMT October 8, 2007 Reply   
FM, if you are around, do you expect to see 118.2x usdjpy in next few sessions?

Londono DG 15:20 GMT October 8, 2007 Reply   
London NYAM,

I agree think that if EUR 1.4060 support goes it will drag cable with it and then we will see G/L lower.

London NYAM 15:14 GMT October 8, 2007 Reply   
Hong Kong YH 14:55//Ill stick with this until tomorrow or if my stop gets hit. Dollar is staging a flacid re-bound so far.

Hong Kong YH 14:55 GMT October 8, 2007 Reply   
London NYAM

seem luck is not in our side, GBP is down, but JPY is up... can't benefit in GBP/JPY!!! Squared!

USA Zeus 14:39 GMT October 8, 2007 Reply   
USA Zeus 14:13 GMT October 5, 2007
Short scalp EUR/USD 1.4154


Ok- Covered EUR/USD scalp 1.4075 for +79

Happy Day!

USA Zeus 14:07 GMT October 8, 2007 Reply   
USA Zeus 15:56 GMT October 5, 2007
New scalp 2.0431 short GBP/USD

Ok- covered GBP/USD scalp 2.0378 for +53



London NYAM 13:47 GMT October 8, 2007 Reply   
limit short hit on USDCAD .9860 stop above .9886

Londono DG 13:45 GMT October 8, 2007 Reply   
London NYAM,

Many Thanks lets hope for both of us it tanks! only time will tell.

London NYAM 13:40 GMT October 8, 2007 Reply   
Londono DG// depends on how we go down (assuming we do). First target is 238.50 area then I would like to see 237.35. If we bounce sharply from there then ill bail. Or if we go down in choppy movements ill keep a tight trailing stop. hey i may just get stopped, in which case the above is obviously moot.

Londono DG 13:28 GMT October 8, 2007 Reply   
London NYAM,

HI Where will you look to exit the G/J trade? I am short 239.09

Thx

Napoli DC 13:28 GMT October 8, 2007 Reply   
London NYAM 13:13
tks,
the question was about EurUsd and your post on friday about the "head fake"; anyway, now i got the answer
glgt

London NYAM 13:26 GMT October 8, 2007 Reply   
YH. lol. Not really watching every swing at the moment. Id like to hold this trade into tomorrow and add at higher levels if seen (closer to my stop area with seperate stop).

Hong Kong YH 13:21 GMT October 8, 2007 Reply   
London NYAM 12:13 GMT October 8, 2007 ,

oops, happy too early. GBP reverse?

London NYAM 13:13 GMT October 8, 2007 Reply   
DC//Im not sure i know what you mean about changing my mind. It is a short term trade G/J stops just over 240.00 and E/J stops 166.15. The long EURUSD is a partial hedge. Also looking to short usdcad. Purks .9860 sees right.

Hong Kong YH 12:40 GMT October 8, 2007 Reply   
London NYAM 12:13 GMT October 8, 2007
sold g/j 239.40 and E/J 165.50 stops waiting

what a nice trade, thank you so much

Napoli DC 12:37 GMT October 8, 2007 Reply   
London NYAM 12:17
good morning Sir,
did you change your mind or is it a short term trade?
tia

USA Zeus 12:27 GMT October 8, 2007 Reply   
USA Zeus 00:10 GMT October 8, 2007
Musharraf claims victory- USD to strengthen.


Thank you!


London NYAM 12:17 GMT October 8, 2007 Reply   
small long EUR/USD 1.4090

London NYAM 12:13 GMT October 8, 2007 Reply   
sold g/j 239.40 and E/J 165.50 stops waiting

Lahore FM 12:04 GMT October 8, 2007 Reply   
TEHRAN 12:01 GMT October 8, 2007
i am very well,thanx!

TEHRAN 12:01 GMT October 8, 2007 Reply   
Hello lahore FM
How do you do

Napoli DC 11:07 GMT October 8, 2007 Reply   
exited USDCAD long at 0,984 from 0,9802
went long € at 1,4085 with tight stop, think ML is right

Syd .. 10:33 GMT October 8, 2007 Reply   
http://firstrung.co.uk/articles.asp?pageid=NEWS&articlekey=7786&cat=44-0-0

Loans shock on foreign homes
http://business.timesonline.co.uk/tol/business/money/property_and_mortgages/article2602686.ece

Gen dk 10:32 GMT October 8, 2007 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Lahore FM 10:15 GMT October 8, 2007 Reply   
Jerusalem ML 10:06 GMT October 8, 2007
Thanx ML!

Jerusalem ML 10:06 GMT October 8, 2007 Reply   
Hi all & Lahore

hope you are all right.
Dollar seems strong but my belief still says we will see 1.42 before 1.40

good luck ,

Washington MRM 09:48 GMT October 8, 2007 Reply   
Hong Kong YH

Yes, no US forex market, but other markets will be open. I am not "sure" JPY will gain, but it does fit within my parameters of trading a counter-trend. I have relatively tight stops on positions and these positions seem slightly over-extended.

Of course, I could be wrong, but reward will be greater than risk.

Lahore FM 09:48 GMT October 8, 2007 Reply   
nice push for jpy crosses and usdjpy.118.00 later today won't harm at all.

London NYAM 09:42 GMT October 8, 2007 Reply   
London NYAM 15:32 GMT October 5, 2007
Limit long touched on USDCAD .9790

out at .9830 for 40p

Hong Kong YH 09:37 GMT October 8, 2007 Reply   
Washington MRM 09:23 GMT October 8, 2007

There is no US market today! How can you so confident in JPY to test 117? Not that easy... trading volume is very thin. Anyway, I am also in your side, JPY Go Go Go!

The Netherlands Purk 09:36 GMT October 8, 2007 Reply   
Loonie: watching the loonie for 9860. My guess is that it will short there after watching it for a few hours.
Short on bugger and adding till dropness...

Washington MRM 09:23 GMT October 8, 2007 Reply   
Hong Kong YH

Looking for a pullback to 238.00 in the short-term (by U.S. open), which corresponds to 117.00 on USD/JPY and 2.0340 on GBP/USD. Since the main weakness is the GBP, that is a very soft target. I think it should be met though, particularly as there should be some interest from Japanese exporters to buy JPY.

Hong Kong YH 09:20 GMT October 8, 2007 Reply   
Washington MRM 09:05 GMT October 8, 2007

Long JPY short GBP? may i know your target level? good luck to you.

Washington MRM 09:05 GMT October 8, 2007 Reply   
Hong Kong YH

I am long JPY vs. GBP right now. GBP seems really soft. JPY, while falling vs. USD is likely to hold levels with GBP. AUD has fallen in the wake of US$ strength. US Equities are indicated lower, which should give it a boost too. I see a fall on US$/JPY to 116.85-90 before it moves much higher. I dont think there is much risk going short US$/JPY here. IMHO.

Hong Kong YH 09:00 GMT October 8, 2007 Reply   
Washington MRM 07:09 GMT October 8, 2007

JPY is break through 117.30... is it risky to long JPY at this moment?

Ldn 08:57 GMT October 8, 2007 Reply   
Berlin MK 08:54 GMT October 8, 2007
Danke Fritz...zieg.. heil!..zieg...heil!...

Berlin MK 08:54 GMT October 8, 2007 Reply   
EUR see 1.3950

Jerusalem ML 08:01 GMT October 8, 2007 Reply   
EUR heading for 4170

good luck.

ML

dubai ML 07:39 GMT October 8, 2007 Reply   
Resistance & support
EURUSD GBPUSD USDJPY USDCHF
1.4285 2.0550 118.50 1.1900
1.4160 2.0495 117.80 1.1820
1.4110 2.0400 117.15 1.1790
1.4035 2.0280 115.20 1.1615
1.3945 2.0210 114.00 1.1550
source: www.extocapital.com

Washington MRM 07:39 GMT October 8, 2007 Reply   
Washington MRM 05:19 GMT October 8, 2007
Boring day thus far... I am expecting a sell-off of EUR and GBP in the European open. Likely to be some anxiety as the EcoFin meeting is taking place.
---------------------------------------

Look for sterling's bottom to be around 2.0355 ahead of data in an hour. Then, who knows.

prague mark 07:33 GMT October 8, 2007 Reply   
whar are the odds we see eur/usd again above 1.42 from here?

Syd .. 07:33 GMT October 8, 2007 Reply   
Commerzbank looks for the USD to fall to new lows by the end of the year, but says it's all in the timing. Bank feels slightly uncomfortable with USD weakness right now given that US data has not been universally weak, and ECB's Trichet took another step toward abandoning the call for higher rates last Thursday. Any corporates that need to hedge USD receivables or purchase EUR's should certainly be doing so at current levels, says the bank, however short-term or speculative traders may see better levels to buy EUR/USD over the coming day's, possibly in the 1.3950-1.3860 area.

Washington MRM 07:09 GMT October 8, 2007 Reply   
Appears to be good selling of USD/JPY ahead of 117.30. Failed there a couple times, I am indicating overbought. Nice level to go short for 20-30 points, with 15 point stop at 117.40.

Gen dk 07:03 GMT October 8, 2007 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Hong Kong YH 06:20 GMT October 8, 2007 Reply   
in the past, 87, 97, also has stock crisis. I am so afraid this will happen again, (history always happen again and again), but most people said this year won't....

GBP is hard to break through 2.0400, if today PPI is super good, then GBP will break 2.05 again!!!

madrid mm 06:15 GMT October 8, 2007 Reply   
* IMF MDs are traditionally circumspect when talking about currency values. But with only a few weeks left in the job, Rodrigo Rato is unusually forthright. "Right now the dollar is undervalued" on many measures used by the IMF to evaluate currencies, he says in FT.

* PM Gordon Brown Office confirms PM Brown will not call a general election this year.

* ECB Lorenzo Bini Smaghi, in La Stampa, says if Europe wants to act to weaken strong euro, it need not wait for G7 meetings later this month to do it.

* Fed Gov Kevin Walsh said on Friday that it is difficult for Fed to hit Fed Funds target when market is volatile, and no aim to "systematically" miss the target. USD value part of Fed decision.

* Fmr Fed Alan Greenspan, in CNN, says rate of US growth slowing, but odds of recession are less than 50%. Subprime turmoil easing and financial markets beginning to go back to normal.

* UK Times: A RBS-led consortium is poised to declare its EUR71b (GBP49b) offer for ABN Amro unconditional, bringing to an end a bitter six-month takeover battle. The alliance is planning to announce on Wed that it has secured the backing of 86% of ABN's shareholders for the deal, the biggest banking takeover.

* Citigroup could provide a funding line of up to GBP10bn to Northern Rock for the long term - The Sunday Telegraph.

* UK Times: Qatar's Delta Two finished sifting through Sainsbury's books, signalling firm GBP10.6b offer soon.

* Relatively thin markets, with Japan away on Health Sports Day, US on Columbus Day, and Canada on Thanksgiving Day.

* Fresh Day and Week started with more fresh appetite for JPY carry trades, given the strong US stocks performance - as Dow, S+P hit new highs post US NFP. Large UK clearers/ US names bought decent amount of EUR/JPY in thin and illiquid mkts, triggering stops above 165.50 to 10-wk highs of 165.82 from NY close 165.37.

USD/JPY hit highs 117.18 from NY close 116.99, on back of EUR/JPY buying, but still capped below post US NFP 2-m highs of 117.29 on Friday. Talks of good orders to sell from Japanese exporters, corporates (Japan away today) 117.20-30 capping topside, but buy stops above as funds, real money, Japanese still buying Cross/JPY.

EUR dipped on IMF Rato USD undervalued comments and ECB Smaghi, good offers 1.4160-70 from Swiss and Asian accounts, but bids at 1.41, with focus on Eurogroup today, ECB Trichet + others.

Aussie remains the star today DownUnder, despite the Rugby World Cup upsets from both Wallabies and All Blacks. AUD/USD soared to fresh 23-year highs of 0.9034, Swiss, Europeans bot, to highest l since June 1984, speculation of funds flowing from GBP, EUR, JPY, USD to AUD, as RBA still on tightening bias and on strong commodities prices.

AUD/JPY 2-m highs of 105.75, eye 16-yr highs.

GBP could see 2-way M+A flows - Northern Rock, Sainsbury, RBS-ABN deal.

NZD/JPY hit 2-m highs, but eye huge NZD1.1b Uridashi redemption - Renterbank - could see NZD/JPY sales.

Nikkei + JGBs closed.

Crude oil remains heavy, with oil now $80.81, and Gold recovers back above $740, now at $741.10.

madrid mm 06:13 GMT October 8, 2007 Reply   
Hello FX Jedi

8-)

Washington MRM 06:13 GMT October 8, 2007 Reply   
Hong Kong YH 06:04 GMT October 8, 2007

Yes, not long JPY vs. GBP except for tight ranges (ie, topped out at 239.20 twice today in thin trading). Granted, with Europe in now, things are different.

As for equities, I thought they were headed lower since the first time the Dow touched 14,000. Even thought I was right for a little - now not so sure. October historically not a good month.

EUR beginning to fall now... GBP should be behind it. I would suggest though, IMHO, if the short position is a gainer ahead of the data released this morning in UK to take profits - at least some of them. Never know how that will turn out and implications for BOE.

GENEVA DS 06:08 GMT October 8, 2007 Reply   
Stocks all over the world are exploding.... looks China, Hongkong etc... the unexpected for Forum readers has happened once again... see posts from early june this year... crash in China etc.... now same all the time happening for US Stocks.... no crash in sight Dow headed for 18000 and then some... may be best being long AUD CHF still... have a good day...

Hong Kong YH 06:04 GMT October 8, 2007 Reply   
Washington MRM 05:56 GMT October 8, 2007

I don't know, but short GBP and long JPY is risky, since equities markets are all up, so market will carry trade again. besides, you see AUD & NZD, no signal is turning down. Do you think Oct will have a stock crisis like 87, 97?

Washington MRM 05:56 GMT October 8, 2007 Reply   
Hong Kong YH 05:35 GMT October 8, 2007

Yes, I think that will be good. Do you have levels for profit/stop?

I am trying to get pips from GBP/JPY playing in current ranges for now, until things get more interesting. I think JPY is topping out near term and comments from Europe might help it gain slightly, while GBP is hit a bit lower. IMHO.

Hong Kong YH 05:35 GMT October 8, 2007 Reply   
Washington MRM 05:19 GMT October 8, 2007

i am have this feel, short GBP @ 2.042

Washington MRM 05:19 GMT October 8, 2007 Reply   
Boring day thus far... I am expecting a sell-off of EUR and GBP in the European open. Likely to be some anxiety as the EcoFin meeting is taking place.

Hong Kong YH 04:22 GMT October 8, 2007 Reply   
HK [email protected] 00:00 GMT October 8, 2007

"As someone warned today that next week may see high market volatility, any position should be squared B4 this weekend. "

may i know where you hear this?

Washington MRM 04:19 GMT October 8, 2007 Reply   
Bangkok FUA

Stocks are open Monday, bonds are closed. It is a bank holiday, so settlement dates are different than usual. But, equities are trading on Monday.

U.K. J.B 03:50 GMT October 8, 2007 Reply   
Bangkok FUA

If you go to the link on the left hand side under Economic calander you will see the following :

Mon Oct 8, 2007 HOL JA Holiday- Sports Day
Mon Oct 8, 2007 HOL CA Holiday - Thanksgiving
Mon Oct 8, 2007 HOL US Holiday - Columbus Day
Mon Oct 8, 2007 05:45 CH Sep Unemployment 2.7%
Mon Oct 8, 2007 08:30 UK Sep PPI (y/y) +2.9% +2.5%
Mon Oct 8, 2007 10:00 DE Aug Ind Orders -7.1%

Bangkok FUA 03:37 GMT October 8, 2007 Reply   
question here:

is tomorrow a holiday in USA?
market is closed?

toronto tomi 02:27 GMT October 8, 2007 Reply   
ROME, Oct 7 (Reuters) - The strong euro has some benefits for inflation and consumption, European Central Bank Executive Board member Lorenzo Bini Smaghi said, but if policymakers want to take action on the euro they are not tied to upcoming Group of Seven meetings.

In a newspaper interview published on Sunday, Bini Smaghi did not indicate a preference on the exchange rate and warned politicians against taking their debate about the euro into the public, saying such comments can mislead markets.

The surge in the euro has drawn criticism from some euro zone finance ministers, who hope to forge a united message of concern at a meeting on Monday ahead of mid-October talks among the G7 industrial powers in Washington.

Asked whether the euro would hit $1.50 against the U.S. dollar, Bini Smaghi pointed to the current shared responsibility for the euro between the ECB and finance ministers.

"A euro exchange rate policy exists, and an institutional mechanism exists ready to act. But to be efficient, the impact on markets must be quick, sudden; and there is not necessarily the need to wait until the G-7 meetings to move," he told Italy`s La Stampa daily.

A senior European source has told Reuters that officials realise they have little hope of getting U.S. support for action to rein in the euro, apart from possibly repeating the current policy that a strong dollar is in U.S. interests.

Analysts see intervention to weaken the euro as an outside chance. The ECB last intervened in currency markets in 2000, when the euro was languishing below $0.90, compared to the record high of $1.4283 hit on electronic trading platform EBS on Oct. 1.

Syd .. 02:05 GMT October 8, 2007 Reply   
IMF Chief Rato Says US Dollar "Undervalued" - Financial Times


International Monetary Fund Managing Director Rodrigo Rato said the U.S. dollar is "undervalued," according to The Financial Times.

"Right now the dollar is undervalued" on many measures used by the IMF to evaluate currencies, said Rato according to the report. He added that the U.S. currency was "certainly overvalued a few years ago."

The remarks by Rato, who hands over the leadership of the IMF to Dominique Strauss-Kahn at the end of this month, follow a sharp drop in the dollar against the euro and some other freely floating currencies in the aftermath of the credit squeeze and Federal Reserve interest rate cut, according to the report.

Rato said these financial and economic developments create a "new scenario for global imbalances" that policy makers need to "keep an eye on," said the report, which was seen on the FT's Web site Monday.

Rato warned against excess volatility in currency markets - a standard IMF mantra, but one that takes on added significance in times like these, the report said.

"Sudden movements in the currency markets are not what we need," he said, according to the FT.

Rato also said that, "independent of the value of the dollar," it would be "in the interest of China" to adopt a more flexible exchange rate to help it manage its domestic economy and that this case is "becoming stronger."

The outgoing IMF chief also hinted at unease about the Japanese yen, which remains weak in part because of ultra-low interest rates, the report said.

"Normalization of monetary policy in Japan is an important medium-term objective," he said, according to the report.
http://www.ft.com/

USA BAY 00:44 GMT October 8, 2007 Reply   
MELBOURNE QINDEX,

DR Q, Could you kindly share your bias for gbp/jpy and the upside targetting points. tia

Syd .. 00:16 GMT October 8, 2007 Reply   
Fed Rate Cut Arouses Inflation Concerns
Concerns about U.S. inflation spreading through markets after Fed's recent 50bp rate cut, although inflation doves have data on their side for now, WSJA reports. "The Fed is pursuing a highly risky monetary policy...inflation is going to get a lot worse," says Peter Schiff, president of brokers Euro Pacific Capital. Hawks cite falling USD, higher wages, rising commodities prices as key concerns, despite official measures showing inflation moderating. Policymakers' key concern now will be public inflation expectations; rise could lead Fed to hold off on further rate cuts or even consider raising rates if economy regains momentum.

USA Zeus 00:10 GMT October 8, 2007 Reply   
Musharraf claims victory- USD to strengthen.

HK [email protected] 00:00 GMT October 8, 2007 Reply   
The usd/yen has really given a bullish signal, by turning the symmetric triangle on the daily to a reversal pattern.
The only problem is, that all the world knows about this obvious signal and will have weak hands in buying yen.
As someone warned today that next week may see high market volatility, any position should be squared B4 this weekend.

 




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