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Forex Forum Archive for 10/09/2007

Pick a date from the header above to view forum postings for that day.
Click here to join the Live Forex Forum.


Syd .. 23:38 GMT October 9, 2007 Reply   
REINZ housing report shows NZ residential property market is "clearly slowing," says Goldman Sachs JB Were economist Shamubeel Eaqub, with sharply higher interest rates, slowing net migration key drivers of this; house prices up just 0.4% on-month in September while sales numbers fell. "The RBNZ will be pleased to see this inflationary segment of the economy slow but it will need to see the pass-through to economic activity and inflation. We expect this take place over coming months in sufficient levels to see it ease interest rates from mid-2008," says Eaqub

dc CB 22:57 GMT October 9, 2007 Reply   
a personal interpretation of the FOMC minutes.

Goldy and Ben are on top of it. If anybody in the club screws up royally, well, let's just say, you're covered.

Ever on the job, protecting the economy and the little guy...the Fed.

Stockholm za 22:49 GMT October 9, 2007 Reply   

Re.... GBP/USD
Risk reversals stable at 0,62/0,68 GBP P. across major time span..
The 4h 30 pip tracker gives the old 2,0368 R band as trade set neutral.
Thus channel parameters at the moment 1,9995 <> 2,0466.
With supply meeting demand at 2,0292 >2,0200<

Gen dk 22:35 GMT October 9, 2007 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

austin gw 22:20 GMT October 9, 2007 Reply   
USA Zeus, thanks for the email reply. Helpful indeed.

USA Zeus 22:15 GMT October 9, 2007 Reply   
US stock futures close at record levels, once again leaving all short positions at a loss.

New York JK 20:49 GMT October 9, 2007 Reply   
I bought GBP/JPY this morning at 37.30 and closed it at 38.80. gonna wait for the asian session to pass and buy again on a dip down to about the 38.00 range.

Lahore FM 20:36 GMT October 9, 2007 Reply   
Bangkok FUA 20:31 GMT October 9, 2007
FUA,i haven't been folowing gbpjpy much.atm 238.20 to support a fresh move past recent highs.

Bangkok FUA 20:31 GMT October 9, 2007 Reply   
hi fm, havent seen you around posting lately..
may I get your view on gbp/jpy please?

Syd .. 20:30 GMT October 9, 2007 Reply   
US Fed: One and Done...For Now
http://www.dailyfx.com/story/topheadline/US_Fed__One_and_Done___For_1191959792677.html

Lahore FM 20:14 GMT October 9, 2007 Reply   
bay audusd going above 0.90.eurnzd now 1.8450 can turn higher but some lag on eurusd rise must go before it happens.anyways,turning up from here about one of thse days.

Stockholm za 20:10 GMT October 9, 2007 Reply   

EUR/USD Given is the 25 D Risk Reversal @ EUR 0,25P last week was 0,10P... Thus the 1,4141 spike is OK............

USA BAY 20:09 GMT October 9, 2007 Reply   
LAHORE FM,

Hi, could you kindly share your views on aud/usd and eur/nzd pls. tia

Gen dk 20:02 GMT October 9, 2007 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

tor Pumpkin 19:57 GMT October 9, 2007 Reply   
high in the matching in cable after london open was 2.0355.
the low dealt thatyou refer to was 2.0257 to be exact.

Lahore FM 19:46 GMT October 9, 2007 Reply   
gbpusd intent upon continuation it seems.

AZUSA 4x-ed 19:39 GMT October 9, 2007 Reply   
Melbourne Qindex 12:13 GMT October 9, 2007
Looks like Dr. Q nailed that cable support to the dot; EURUSD wasn't bad either... nice work!!!

Lahore FM 19:33 GMT October 9, 2007 Reply   
NY Trader 19:25 GMT October 9, 2007
thanx trader,you may go ahead and Jay for that.

Pecs Andras 19:32 GMT October 9, 2007 Reply   
Guys
Can somebody please give me the high of cable after London open and before the dip to 0255 please?
TIA

NY Trader 19:25 GMT October 9, 2007 Reply   
Dear Lahore FM,
I follow your views intently---I would like to get your currency specific views--you are a great trader---I asked for your email through global view if it is ok with you,
GL/GT

Lahore FM 19:14 GMT October 9, 2007 Reply   
NYAM,i am here now.

Iran A.G 19:08 GMT October 9, 2007 Reply   
The USA for sale:

http://www.thetrumpet.com/index.php?q=4291.2529.0.0

Lahore FM 19:04 GMT October 9, 2007 Reply   
gbpusd turns positive above 2.0370 to make for new ground which has seen quite a few false starts.

USA Zeus 18:57 GMT October 9, 2007 Reply   
In a paradoxical view me thinks USD money supply is likely to shrink going forward.

USA Zeus 18:55 GMT October 9, 2007 Reply   
Tokyo 18:45 GMT October 9, 2007

Who is Tokyo?
Anticipating EUR/USD to 1.3777, 1,3277, 1.2777 in a major reversal from USD long cycle weakness back to strength. Weakness has been cyclical not structural. All points made clear and simple since the now infamous CAD trade some many hundreds of trades ago some months back.

cia

Gen dk 18:51 GMT October 9, 2007 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Tokyo 18:45 GMT October 9, 2007 Reply   
Zeus,not for the sake of criticism but positive dialogue,what is this super revrsal that you keep talking of.that you sold at 1.42 and closed at 1.40's and then will sell at 1.44 and buy back at 1.42.you did the same thing with usdcad.guess it broke below parity only for your calls.

nice call this morn though on eurusd rise.well done!

USA Zeus 18:39 GMT October 9, 2007 Reply   
Right. We already know the the strong dollar policy is coming. A mega grand Zeus Wave super cycle reversal.

Global-View 18:38 GMT October 9, 2007 Reply   
UBS 18:35 GMT October 9, 2007 - please use a proper handle. TIA

UBS 18:35 GMT October 9, 2007 Reply   
Sept. 18 FOMC minutes: all members agreed 50bp cut 'most prudent'; inflation risks could rise if USD kept falling. - 19:02 UBS FX Market Update

Lahore Rk 18:30 GMT October 9, 2007 Reply   
Hi Forum mebers
IMvhho 9895 could be top for usd can pair if it trades below 9791or close below it , other wise if holds 9791** area can go higher to print 9948 area in next up swing

Any inputes from other friend
TIA

GL/GT
Regs
Lahore Rk 19:15 GMT October 8, 2007
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

Lahore RK 18:22 GMT October 5, 2007
Hai friends this was my view for short term anyone think the bottom is in for now or there is room for lower prices
TIA
GL/GT

Lahore RK 12:37 GMT October 5, 2007
Hmm now friends Imvvho Cad is near short term and might pull back 9781** is strong area and euro can touch 13925** and any view from other frinds just short term not a mid term view
TIA

GL/GT

Toronto MRC 18:30 GMT October 9, 2007 Reply   
short covering on dow.

Toronto MRC 18:30 GMT October 9, 2007 Reply   
short covering on dow.

Toronto MRC 18:23 GMT October 9, 2007 Reply   
So far moderate dollar positive.

Toronto MRC 18:22 GMT October 9, 2007 Reply   
Some of the more interesting tibits were comments about Canada's economic prospect slowing at end of Q2 and with current indicators slowing more notably(same for Japan). I only caught one line of concern about the weak dollar generating inflation risk.

PAR 18:18 GMT October 9, 2007 Reply   
On the contrary FOMC seems to be contemplating weaker and weaker dollar, and seems to adopt japanese ( Copperfield) style inflation concepts .

madrid mm 18:12 GMT October 9, 2007 Reply   
PAR 18:06 GMT October 9, 2007


like a chocolate bar 8-)

geneva 18:12 GMT October 9, 2007 Reply   
FOMC minute- a clear declaration that they dont want a weak dollar any more- "inflation fear if dollar falls"......

Rye, NY et 18:10 GMT October 9, 2007 Reply   
www.federalreserve.gov/fomc/minutes/20070918.htm#august16

Rye, NY et 18:08 GMT October 9, 2007 Reply   
FOMC Minutes

PAR 18:06 GMT October 9, 2007 Reply   
Us stocks rallied on 50 bp cut, then will rally again on explanation of 50 bp cut . One cut , twice pleasure.

Gen dk 18:02 GMT October 9, 2007 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

madrid mm 17:53 GMT October 9, 2007 Reply   
Memphis JT -

FOMC Minutes 2:00ET

In about 8 minutes

8-)

Lahore FM 17:52 GMT October 9, 2007 Reply   
good recovery for euro and the rest.nice fight put up.fomc reaction will roll out the medium term direction.

madrid mm 17:52 GMT October 9, 2007 Reply   
Interesting
"In this chapter from Bloomberg News hedge fund reporter Katherine Burton's new book, she profiles Craig Effron, a hedge fund veteran who keys his investments to political and economic events. One strategy: read the advice in stock-picking columns, then do the opposite."
http://www.bloomberg.com/news/marketsmag/mm_1107_story2.html

Memphis JT 17:51 GMT October 9, 2007 Reply   
What time is FOMC

NYC 17:32 GMT October 9, 2007 Reply   
FOMC minutes due up next

London Mamun 16:56 GMT October 9, 2007 Reply   
looks like time to sell goog
sold at 612.50

PAR 16:42 GMT October 9, 2007 Reply   
USDJPY supported by strong Us stock market and carry trades . Stops above 117.50 . Kampo bidding at 116.80 .

Sofia Kaprikorn 16:11 GMT October 9, 2007 Reply   
Hi - think that on 2H chart AUDJPY has a good potential from 104.95 for 106 in a 12 hour timeframe...

risk is of course the 104.38 low...

London M 15:47 GMT October 9, 2007 Reply   
Zurich
thank you. same to you!

zurich pr 15:31 GMT October 9, 2007 Reply   
London M 14:58
Thank you very much for that.
good luck with your trading.

London DG 15:30 GMT October 9, 2007 Reply   
Closed cable at 2.0333 11 pips.. gone short 2.0328 punting..

The Netherlands Purk 15:27 GMT October 9, 2007 Reply   
Well NYAM, closed a few, and now waiting to take them back lower. I stick to my view that we will see 1.00 soon and more.
Closed more buggers on the way, but keeping one.

London NYAM 15:20 GMT October 9, 2007 Reply   
Thank you Zeus that is very kind.
Was +71 heady I guess.
Purk did you bail on the USDCAD long yet and reverse?

USA Zeus 15:18 GMT October 9, 2007 Reply   
London NYAM 15:08 GMT October 9, 2007

Great trade there NYAM- Cheers!

Gen dk 15:12 GMT October 9, 2007 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

London NYAM 15:08 GMT October 9, 2007 Reply   
yeah out of EURUSD long from 1.4028 at 1.4099 +61

Napoli DC 15:04 GMT October 9, 2007 Reply   
closed half € long at 1,4092

USA Zeus 15:01 GMT October 9, 2007 Reply   
USA Zeus 05:56 GMT October 9, 2007
EUR/USD setting up here for a bit of a rebound pop higher.

Guess so. LOL

Gen dk 15:00 GMT October 9, 2007 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

London M 14:58 GMT October 9, 2007 Reply   
Zurich, here is the info about the central bank's reserve

http://www.imf.org/external/np/sta/ir/colist.htm

London NYAM 14:56 GMT October 9, 2007 Reply   
YH// Really no problem my long EURUSD and short USDCAD and long EURGBP all doing very nicely. But thanks mate!

Londono DG 14:55 GMT October 9, 2007 Reply   
Bought cable 2.0322 stop at the figure

New York JK 14:54 GMT October 9, 2007 Reply   
I just bought GBP/JPY when it was down to 237.30 and it went up. gonna keep it for about 150 pips.

Hong Kong YH 14:49 GMT October 9, 2007 Reply   
London NYAM 14:40 GMT October 9, 2007

sorry to hear that you loss on this trade...GBP is really really strong and JPY is very very weak. Short high yield is really hard to make money.

melbourne DC 14:41 GMT October 9, 2007 Reply   
White House Homeland security report: Al Qaeda likely to intensify efforts to place operatives inside US <> 09/10/2007 00:24:20 (TTN)

London NYAM 14:40 GMT October 9, 2007 Reply   
Taking the G/J off the table for -41p. Ouch lucky the other possies are off-setting.
FM are you around?

zurich pr 14:32 GMT October 9, 2007 Reply   
I posted a question on the help forum, if anybody could
help would appreciate.
Thank you.

London NYAM 14:25 GMT October 9, 2007 Reply   
Dollar re-weakening scenario looks to be playing out well.

AZUSA 4x-ed 14:23 GMT October 9, 2007 Reply   
Melbourne Qindex 12:13 GMT October 9, 2007
Thanks Dr. Q! We need more language like this on FF!

NYC NYC3 14:06 GMT October 9, 2007 Reply   
100%/mo ? hey hey! desperates drawing in desperates!

even 100%/annual types fail. to earn that you take so much risk that in yr 3 if not one, it will get you.

Gen dk 14:00 GMT October 9, 2007 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

London NYAM 13:54 GMT October 9, 2007 Reply   
Watch out for this development.
Turkish PM clears way for Iraq assault
http://www.guardian.co.uk/turkey/story/0,,2187014,00.html?gusrc=rss&feed=networkfront

SF Anmart Fx 13:44 GMT October 9, 2007 Reply   
EUR/GBP built a bottom at 0.6893 for 0.6974

SF Anmart Fx 13:39 GMT October 9, 2007 Reply   
EUR/CHF-1.6677. Resistance at 1.6677/80 for 1.6635

NYC ET 13:12 GMT October 9, 2007 Reply   
Quiet day, gbp taking the brunt after lagging past few days

Global-View 12:59 GMT October 9, 2007 Reply   
Zeus, read the article, we are only the messenger. These are articles posted by others in our research section. Our views can be found on GVI and in our forex blog.

USA Zeus 12:57 GMT October 9, 2007 Reply   
Global-View Research 12:31 GMT October 9, 2007
Euro Tests 1.40 - Will It Hold?


Did Global View change their view?-
Global-View Research 11:05 GMT September 29, 2007
US Dollar Beaten to a Pulp; Is Euro 1.50 Next?

London NYAM 12:55 GMT October 9, 2007 Reply   
Interesting article in todays FT: Beware moral hazard that has encouraged a weak dollar

http://www.ft.com/cms/s/0/1136aedc-7601-11dc-b7cb-0000779fd2ac.htm
FWIW Long now G/J at 237.71

Global-View Research 12:31 GMT October 9, 2007 Reply   
Euro Tests 1.40 - Will It Hold?

USA Zeus 12:21 GMT October 9, 2007 Reply   
nevada 10:36 GMT October 9, 2007

Give it a shot if that is your desire. Anything is possible.

Melbourne Qindex 12:13 GMT October 9, 2007 Reply   
GBP/USD: The market is under pressure when it is below 2.0404 and speculative selling pressure is increasing when the market is trading below 2.0323. The market is going to test the supporting strength of 2.0256 and 2.0233.

London NYAM 11:47 GMT October 9, 2007 Reply   
stopped out on G/J short at 237.74 -27. Looking to re-enter around 237.35-45

Londono DG 11:17 GMT October 9, 2007 Reply   
Hong Kong YH, I think you are right, there doesn't seem to be any real movement so have squared. DG

London NYAM 11:12 GMT October 9, 2007 Reply   
DG// I suspect jitters and a move out of ranges today or tomorrow. Im setting camp here at the lower end of the range to see if get some dollar weakness again. The carry crosses are going to be tough I believe as they swirl around the dollar movements.

GVI john 11:09 GMT October 9, 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
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Access accurate and free GVI



Updated twice daily. Access GVI free

Chart Points and Moving Averages

Charts: Updated Bourses..
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Atlanta South 11:03 GMT October 9, 2007 Reply   
A "FOOL & HIS MONEY WILL SOON PART" comes to mind when
I hear of 130-150% returns being promised. Take your money
& run away is what I say. Gt

Dakota Phantomas 10:58 GMT October 9, 2007 Reply   
nevada 10:36 GMT October 9, 2007

they also promise snow in Nevada every Tuesday

Brisbane Flip 10:50 GMT October 9, 2007 Reply   
Nevada I generally think the only guys who can double your money in a few weeks are drug dealers.

if it sounds too good to be true than it is. Read, trade, make your own mistakes, learn from them and you will ventually have the skills to do this for a living. As in life experience is the most valuable investment you can have.

good luck.

Hong Kong YH 10:50 GMT October 9, 2007 Reply   
Londono DG 10:45 GMT October 9, 2007

i also Short EUR/JPY at the same level, but seem EUR is too strong and JPY is too weak, should we square the position?

Londono DG 10:45 GMT October 9, 2007 Reply   
NYAM yes i did 76 pips all in all. I hesitated a bit last night so thought just take it and run. Just sold E/J 164.63 very small will probably close for a few pips. Not sure where markets are going at the moment. any ideas?

London Neil 10:41 GMT October 9, 2007 Reply   
nevada 10:38// Buy books, read them, generate your own signals for free!

Spotforex NY 10:39 GMT October 9, 2007 Reply   
Nevada...hit the casinos instead...at least you will get free drinks.

+130% a month says scam, ponzi all over it.


pass big time, no need to second guess.

London Neil 10:38 GMT October 9, 2007 Reply   
nevada 10:36// Head in the general direction of away from them.

nevada 10:38 GMT October 9, 2007 Reply   
hey guys this is serious, i need forex signals that i can really depend on all ive tried before their
results is below fair and their price cost even more than their results looked around so much

nevada 10:36 GMT October 9, 2007 Reply   
hey guys i got this company that promise me a return that reaches 130% a month thru a managed fund which may
go high to 150% so wut do u advice me?

London NYAM 10:29 GMT October 9, 2007 Reply   
long G/J at 237.975

London NYAM 10:22 GMT October 9, 2007 Reply   
FM or anyone. Im considering a long on GBPUSD. Any views? Problematically, UK economy caught between inflation and slowing growth (and a housing stagnation) TIA

London NYAM 10:19 GMT October 9, 2007 Reply   
Sorry DG!! i hope you made out well before the turn.

Napoli DC 10:16 GMT October 9, 2007 Reply   
you are welcome, but i bet you meant DG!
lol

London NYAM 10:06 GMT October 9, 2007 Reply   
London NYAM 12:13 GMT October 8, 2007
sold g/j 239.40 and E/J 165.50 stops waiting
Out of E/J at 164.47 +103
Out of G/J at 238.01 +139

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

Stopped out on short -26

Feeling like we may get some return to ‘normality today’. Oct 9th/10th (its my party darn it!) like market bottoms in bull markets and the reverse in bears. A suspician and superspustition says market starts a winter drop. Dollar should follow.
So I’m looking to fade this now starting with a EUR long at 1.4128 and a USDCAD short at .9890
Waiting for USDJPY

Thanks DC!

London DG 09:49 GMT October 9, 2007 Reply   
London NYAM,

Good call yesterdays on G/Y and E/Y thx!

PAR 08:50 GMT October 9, 2007 Reply   
Strong world economies ,record japanese current account surplus, a $ trillion in forex reserves,a strong Nikkei, a weakening yen, a booming Us labor market, the end of subprime problems, Toyota s place as number one world ( green ? ) car manufacturer could maybe have the BOJ , after watching markets carefully and closely for the last six months and carefully considering the impact of such a bold move , take the mother of all decisions and raise japanese interest rates with maybe 25 bp just to convince the markets that the yen is a real currency and not Monopoly money to throw around . Manipulating interest rate by keeping them at artificially low level distorts the level playing field and gives an unfair advantage to japanese exporters and companies .

Mumbai NS 08:32 GMT October 9, 2007 Reply   
UK data more or less same as expected except revisions gl gt

Gen dk 08:32 GMT October 9, 2007 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

nairobi mtajazz 08:13 GMT October 9, 2007 Reply   
NZD/USD with insight on this pear please. its currently hovering around a strong resistance 0.7620. any direction from here. any one.

The Netherlands Purk 08:13 GMT October 9, 2007 Reply   
Well i dont think about forex i just do. However it is time to think about Iggy Pop: Lust for live.
Still giving thought of the week, maybe of the year

HK [email protected] 08:04 GMT October 9, 2007 Reply   
----------------------------------------------------------------
HK [email protected] 03:22 GMT October 9, 2007
Euro at a very important and interesting point. It is almost to breach downward the upper trend line of a long term wedge, since may 2006,
currently the trendline is at 1.4000. If it will not succeed Euro will do its way up again
----------------------------------------------------------------
I think here will be a test to my view whether the Euro will go to 1.4700 soon.
The band 1.3990-1.4000 is the key. By next week we shall know more about the situation of corporations which were exposed to all the recent mishaps. The market is very suspicious about the USD.

Lahore FM 08:01 GMT October 9, 2007 Reply   
Ramat Afal SBS 07:49 GMT October 9, 2007
Ramat thanx!gbpusd has projected resistance at 2.0375.considering that there will be fomc minutes at 1800 gmt,it is going to be an open day for bulls and bears.as far as trend goes,it is still up.

dubai ML 07:51 GMT October 9, 2007 Reply   
Resistance & support
EURUSD GBPUSD USDJPY USDCHF
1.4285 2.0550 118.75 1.1990
1.4160 2.0495 117.90 1.1925
1.4040 2.0340 117.40 1.1865
1.3930 2.0280 116.30 1.1800
1.3800 2.0150 115.20 1.1740
Source: www.censored.com

Ramat Afal SBS 07:49 GMT October 9, 2007 Reply   
FM Lahore & Alimin, many thank.

what about cable do you give a chance to see it back above
2.04 soon to short, or better short at current levels ?

dear FM, may I remind you last time I entered a short on AUD was back in july, I then picked a perfect top at 0.8860, at that time I was directly encouraged by you, no need to remined what happend afterwards a collapse to 0.77, I personaly managed to square at 0.8020 .

we fellow forum members owe you alot and we are full of gratidude towards you. please keep staying with us, I am with you although I don't post on a regular bases .

should god bless you. wish you great success .

Hong Kong YH 07:44 GMT October 9, 2007 Reply   
EUR/JPY 164.80, JPY back to 117.40, EUR rebound 1.4050, you guys still think EUR will down?

Jkt Rick 07:40 GMT October 9, 2007 Reply   
Euro/usd: 1.4045

euro has to "fly" to 1.4327 before a 4 week 780 pip correction is seen.

Gen dk 07:32 GMT October 9, 2007 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Makassar Alimin 07:19 GMT October 9, 2007 Reply   
Lahore FM 07:04 GMT October 9, 2007

thanks FM, it is good to see you have a strong conviction, many good trades mate

Mumbai NS 07:16 GMT October 9, 2007 Reply   
FM tks frd agree gl gt

Lahore FM 07:14 GMT October 9, 2007 Reply   
NS,just looked for you now.0.9910 looks like a neat sell.look for sub 0.98 for t/p.

Lahore FM 07:04 GMT October 9, 2007 Reply   
Makassar Alimin 07:01 GMT October 9, 2007

agree with this balanced opinion.thanx Alimin!

Mumbai NS 07:04 GMT October 9, 2007 Reply   
FM do u have a firm view on loonie i am in doubt if u culd pls share gl gt

Makassar Alimin 07:01 GMT October 9, 2007 Reply   
Ramat Afal SBS 06:45 GMT October 9, 2007

you can certainly try that, anything is possible in speculation market, on a personal note I think aud above 0.90 could struggle to be sustained, whether it is turning out to be a big reversal remains to be seen, my best guess is playing the range 0.87-0.91, keep an eye on commods as well

Lahore FM 06:58 GMT October 9, 2007 Reply   
Mumbai NS 06:45 GMT October 9, 2007
i see dear,agree with the support and resistance and rest of the premise.thanx.gtgl!

Ramat Afal SBS 06:45 GMT October 9, 2007 Reply   
good morning, Lahore & Zeus

can I have your opinion on the AUD? do you think its time to build up short positions for a sharp correction.
same about cable looks we have a bearish signal, for the medium term we might have seen a top at 4.06

many thanks for sharing your wondefull thoughts
good luck.

Mumbai NS 06:45 GMT October 9, 2007 Reply   
FM hi Gud day frd hope u are doing fine .....why not mate.....anything and everything is possible who says 2.10...then 2.20...then as someone said 3.00 all are possible i and u are noone to say impossible .....on a serious note 2.0470 gud res and 2.0085 gud support and i am bias to downside at the moment.....and to add on brk of 2.0040 on closing my bias to downside increases atm can change view after brk of upside lvls on closing basis only ....hope i am clear frd gl gt

Lahore FM 06:39 GMT October 9, 2007 Reply   
NS
what of continuation,won't it be readier to continue higher?

Singapore DT 06:37 GMT October 9, 2007 Reply   
time to make money, short eurjpy second entry coming 164.80, not too late for those missed the first train above 165
this one is still going down, gl gt, off for now

The Netherlands Purk 06:33 GMT October 9, 2007 Reply   
Finally i can go to the gasstation again, tired of pushing my car to work.
Took of some more buggers, and still have some left. high 16513 to beat. If it continues like this, i can buy the gasstation and move it to the sand where i pay 9 cents a liter for my diesel.
Loonie looks a bit sad here, noone believes it will go up, so undecided but a move will come today i promise.

Mumbai NS 06:31 GMT October 9, 2007 Reply   
Deepak appreciate ur view point though can't at all agree with it as u can buy protection way away from spot which u know ...i know....but many newbies here don't know and the last triggering which u saw was s/l triggering on that count and for many who take outright currency risk it was serving as free lunch due to the one way traffic.....gud luck gl gt

Mumbai Deepak 06:27 GMT October 9, 2007 Reply   
NS…..I think those into carry-trades were NOT into “Free Lunch” in the first place. You surely know how difficult (mentally) it is to hold a position; therefore the markets were paying carry-traders for that. Carry-traders are still making money in AUD-JPY. There are NO free lunches anywhere these days!

madrid mm 06:25 GMT October 9, 2007 Reply   
* EuroGroup/ ECB statement: "Excess volatility and disorderly movements in FX are undesirable for economic growth. We will discuss recent developments with our partners in G7 and we reaffirm our position. ..It is desirable that China effective FX (CNY) move so that necessary adjustments will occur

* ...we noted with interest US authorities have reaffirmed that a strong dollar is in the interests of the U.S. economy..Concerning the yen, Japanese economy is on a sustainable recovery path. Markets should be aware of the risks of one-way bets. Euro area has played its role for an orderly reduction of the global imbalances"

* FT: Eurogroup ministers broke new ground in listing the low FX of China's currency ahead of the weak USD and JPY as a cause for European concern, and intend to press their arguments on FX harder at a G7 meeting in Washington.

* Eurogroup Chair Jean-Claude Juncker says "First point China, second point dollar, third point yen." He and ECB Pres Trichet and EU Almunia would visit Beijing to discuss CNY.

* French Finmin Lagarde says Eurozone has shown ability to reach agreement on FX before G7 and will stick to position.

* IMF cuts US GDP growth to 1.9% from 2.8% (issued on July 25) in 2008, World Growth to 4.8% from 5.2%. Eurozone growth at 2.1%, from 2.5% in 2008, at 2.5% from 2.6% in 2007. Japan growth cut to 2.0% from 2.6% in 2007, and to 1.7% from 2.0% in 2008- ANSA.

* MoF Fukushiro Nukaga says Stable FX moves are desirable.

* Econs Hiroko Ota says BoJ will decide policy based on close examination of economic and price data.

* NKS: The BoJ is widely expected to leave key interest rates unchanged at its meeting on Wednesday and Thursday.

* Concerns in Europe on strong Euro is the focus and concern in Asia, after holiday thinned North American session with US away on Columbus Day and Canada away for Thankgiving Day.

* EUR/USD, EUR/JPY continues to come under pressure for the another session running, on fears that Europe may push G7 harder against strong Eur, - first the weak CNY, USD, JPY against the strong Euro.

* EUR/USD drifted lower from 1.4047 in NY holiday thinned closing, with stops hit below 1.4025-30 to 3-wk lows 1.4016 on back of good broad based selling, with Japanese securities houses, US banks and Europeans names amongst the good seller on stoploss hunting, in the process clearing good rumoured Sovereign, M.E., Asian bids. Failure to take out the stops below 1.4015 triggered short-covering, further squeezed up by early Europeans buying toward 1.4022-25 level.

Still real money, Sovereign, M.E., North Asian, Russian bids at 1.40 lows, huge stops blw 1.4000, with EUR, EUR/Crosses looking offered, burdened by Eurogroup worries.

EUR/JPY hit 164.17 lows from 164.93 as Japanese trust banks, securities houses, exporters, sold good amount of USD/JPY, Cross/JPY, pushing USD/JPY lows 117.06 from fixing of 117.36, togethre with AUD/JPY, NZD/ JPY, GBP/JPY sales as Cross/JPY come under profit-taking sales.

AUD/USD hit lows 0.8912, down from yest 23-yr high 0.9034. NZD blow 0.76 handle. GBP heavy, hit 2.0326 lows from 2.0358 on GBP/JPY sales. Offers 240.00.

Nikkei +74.44pts or 0.44% at 17,139.48. JGBs lower on firmer Nikkei, 10-yr yield +0.015% at 1.710%.

Crude oil remains heavy, with oil now $78.77.

Gold lower on profit-taking, below $730 at 729.60.

madrid mm 06:24 GMT October 9, 2007 Reply   
GM FX Jedi 8-)

Mumbai NS 06:19 GMT October 9, 2007 Reply   
GBP has not seen any serious correction till now and it has gud potential to seriously correct now gl gt

Singapore DT 06:17 GMT October 9, 2007 Reply   
Mumbai NS 06:12 GMT October 9, 2007

agree NS, it is about time this is all changed, no more free lunch from carry trades

Lahore FM 06:15 GMT October 9, 2007 Reply   
eur,gbp and the rest won't give up without a fight of course.the trend has been bullish.first serious correction cannot be tagged as reversal.

Mumbai NS 06:12 GMT October 9, 2007 Reply   
For long jpy courtesy carry trade has been on a one way track and given free lunch to many abt time to be prepared for gud two way moves in jpy in the coming future gl gt

Hong Kong YH 06:04 GMT October 9, 2007 Reply   
how come suddenly so many people long JPY and -ve GBP & EUR? any signal? Please teach me.

Sydney GE 06:03 GMT October 9, 2007 Reply   
USA Zeus 05:56 GMT October 9, 2007

Zeus I only see up to around 1.4045-60 do you see much higher??

denver jake 06:00 GMT October 9, 2007 Reply   
denver jake 15:00 GMT October 3, 2007
The previously weakest currency ($$$) finally has broken out vs the yen and the yen is back to being "the punching bag" (Thx Mr. Zeus for such an accurate term) it was before this unwind.

Selling the yen vs everything on rallies is my simple yet effective strategy for now.

BTW unloaded half my gpb/jpy at 237.70, no need for greed



Indicators are getting pretty murky here. Yen crosses looking downside. I'm out of all my short yen possies.

Maybe range trading for now, with the dollar being the hinge.

USA Zeus 05:56 GMT October 9, 2007 Reply   
EUR/USD setting up here for a bit of a rebound pop higher.

Hong Kong YH 05:55 GMT October 9, 2007 Reply   
USA Zeus 05:21 GMT October 9, 2007
Any time frame for EUR to test 1.2777? 5 years later? If EUR really can test 1.2777, then you are genius. Good Luck.

Singapore DT 05:51 GMT October 9, 2007 Reply   
adding if 164.80 seen, same stop loss, same target

Singapore DT 05:49 GMT October 9, 2007 Reply   
sold eurjpy 164.30 stop 165.15, target 160.88

USA Zeus 05:24 GMT October 9, 2007 Reply   
USA Zeus 04:56 GMT October 1, 2007
Just short EUR/USD and sing a happy tune.

If you can't sing- try whistling.

AZUSA 4x-ed 05:23 GMT October 9, 2007 Reply   
Hong Kong YH 05:18 GMT October 9, 2007
Those who have wagered on EUR strength last week have made some nice doantions to the Zues fund-o-funds... hard to believe, but anything is possible ;-)

Mumbai NS 05:21 GMT October 9, 2007 Reply   
YH there is nothing impossible in trading mate there are enuf ew targets there .....a shift of tide and all happens .....but as of now it is range trading with a bias to sell dollars on upticks gl gt

USA Zeus 05:21 GMT October 9, 2007 Reply   
Hong Kong YH 05:18 GMT October 9, 2007

I will save that one and re-post it later when we see just what is possible.

Cheers!

Hong Kong YH 05:18 GMT October 9, 2007 Reply   
USA Zeus 05:17 GMT October 9, 2007

EUR will test 1.2777? impossible.

USA Zeus 05:17 GMT October 9, 2007 Reply   
EUR/USD 1.3777(s), 1.3277(s), 1.2777(s) are all coming.

Mumbai NS 04:59 GMT October 9, 2007 Reply   
Dollex showing clear signs of rebound think 1.3870 shuld print on euro shortly gl gt

USA Zeus 04:57 GMT October 9, 2007 Reply   
London HC 12:42 GMT October 1, 2007
Zeus,

You should have added keep selling gbp/usd on rallies, good for your broker

___________________________________________________

Ok- We like to reward those that make it possible. Let the broker get a pip if they offset well.

Covered another 1/4 EUR/USD 1.4018 for + 218 pips
Covered another 1/4 GBP/USD 2.0328 for +89 pips

We do it all for Como Perrie so he can save the planet from itself.

Happy Day!

Washington MRM 04:53 GMT October 9, 2007 Reply   
Fundamentally, I think sterling and euro should be supported at these lower levels ahead of the Fed minutes today. However, in the longer term, I do see scope for more losses. Therefore, be careful with trading.

Just added a long GBP/JPY @ 238.15. Think that there should be scope for this to move back to 239 today and then possibly 243 in the coming days.

Makassar Alimin 04:48 GMT October 9, 2007 Reply   
timing is a bit off but euro is finally heading for 1.3980, could see some more lower levels to attract buyers, with eurgbp and eurjpy are also sold, euro looks struggling to hold 1.40 short term

AZUSA 4x-ed 04:46 GMT October 9, 2007 Reply   
Philadelphia Caba 21:41 GMT October 8, 2007
Thanks Caba! Interesting dilemma as I’m not quite certain as to who’s feed one should follow to come up with such accurate sequential count. I do find some of the DeMark tools useful, however some are more subjective than others: TD Sequential Charts. GL & GT

Hong Kong YH 04:44 GMT October 9, 2007 Reply   
new york 04:01 GMT October 9, 2007

I have also followed their instruction for a certain period. Not worth to try. eg. change view very often, this min say long jpy, but 5 min later say short JPY, if you follow their 1st suggestion, you will loss

USA BAY 04:09 GMT October 9, 2007 Reply   
MELBOURNE QINDEX,

DR Q, If you have the time could you kindly comment on gbp/jpy. tia

Melbourne Qindex 04:03 GMT October 9, 2007 Reply   
EUR/USD: Heading Towards 1.3973

new york 04:01 GMT October 9, 2007 Reply   
I noticed a website called iforex.bg which claim to make more than 2000 pips a month. I checked their performance record and it looks good but im not sure how much of it is true. Is anybody subscribed to this service? what do you guys thing about this?

Mumbai NS 04:01 GMT October 9, 2007 Reply   
Selling yen crosses now gl gt

HK [email protected] 03:22 GMT October 9, 2007 Reply   
Euro at a very important and interesting point. It is almost to breach downward the upper trend line of a long term wedge, since may 2006,
currently the trendline is at 1.4000. If it will not succeed Euro will do its way up again.

Springdale BDH 02:41 GMT October 9, 2007 Reply   
Lahore - FM
What is your current view on the USD/JPY? Do you still think we are heading to 118 - 120 territory?
Thanks

Bangkok FUA 02:21 GMT October 9, 2007 Reply   
ABHA FXS 01:32 GMT October 9, 2007
Long gbpusd 2.0350 T 2.0600

whats your stop loss FXS?
Thanks

USA Zeus 01:57 GMT October 9, 2007 Reply   
Yes the TD Recyle counts.

Rio Tinto Analistafx 01:43 GMT October 9, 2007 Reply   
The confidence is declining in Australia...

USA Zeus 01:41 GMT October 9, 2007 Reply   
Don't forget the TD Combos and reset double counts.

Philadelphia Caba 01:41 GMT October 9, 2007 Reply   
denver jake 01:24 GMT
in 1/2 long at 6899 ..let's see!

Philadelphia Caba 01:35 GMT October 9, 2007 Reply   
USA BAY 01:23 GMT
no, missed yest. scalp short above .9 .. not sure about shorting it now...gt!

ABHA FXS 01:35 GMT October 9, 2007 Reply   
Long audnzd 1.1710 T 1.1920

ABHA FXS 01:32 GMT October 9, 2007 Reply   
Long gbpusd 2.0350 T 2.0600

ABHA FXS 01:28 GMT October 9, 2007 Reply   
Short usdcad 0.9866 t 0.9672

USA BAY 01:27 GMT October 9, 2007 Reply   
DENVER JAKE,

The fibo seems holding pretty good. maybe 7250 is in play

denver jake 01:24 GMT October 9, 2007 Reply   
Philadelphia Caba 01:01 GMT October 9, 2007

You bet. Price is just above 50% (6760 - 7027). Very OS on 4HR and lower. Daily RSI is sitting on previous resistance..hopefully turning into support. gl

USA BAY 01:23 GMT October 9, 2007 Reply   
PHILADELPHIA CABA,

Hi , are you short aud/usd. tia

Syd .. 01:16 GMT October 9, 2007 Reply   
Sub-prime Suspect http://news.bbc.co.uk/2/hi/programmes/panorama/7034019.stm

isr jweb 01:15 GMT October 9, 2007 Reply   
right now it looks good but dont anticipate serious. (personal view) i would look at eurjpy to short - from what it looks now

Philadelphia Caba 01:01 GMT October 9, 2007 Reply   
anyone buying eur/gbp around 6895-00?

Gen dk 00:18 GMT October 9, 2007 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

 




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