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Forex Forum Archive for 10/10/2007

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USA BAY 22:37 GMT October 10, 2007 Reply   
LONDON NYAM,

Looks like gbp/jpy has tried 3 times at 61.8 238.95, you think 244-246 is in the cards. tia

Gen dk 22:17 GMT October 10, 2007 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Stockholm za 22:04 GMT October 10, 2007 Reply   

The value of a market is determined not only by changes in the Price of the Underlying, but also by a Number of other factors. Since several risk factors may have simultaneous effects on the market, the effect of a particular risk factor cannot be predicted. In addition, several risk factors may have a compounding effect which may not be predictable. No assurance can be given with regard to the effect that any combination of risk factors may have on the value of the market… MF

Syd .. 22:02 GMT October 10, 2007 Reply   
SAN FRANCISCO (MarketWatch) -- Chrysler LLC and the United Auto Workers reached a tentative labor agreement Wednesday, according to the union. Earlier in the day, the two sides had failed to come to terms, prompting the first work stoppage at Chrysler in a decade. Union workers will be notified to report to work on their next available shift, the UAW said in a release. Details of the agreement will become available pending ratification by the rank-and-file workers.

Syd .. 21:51 GMT October 10, 2007 Reply   
US Can Avoid Recession Without More Fed Help - Economists WASHINGTON (Dow Jones)--The U.S. economy can avoid a severe downturn without much, if any, more assistance from the Federal Reserve in the form of lower interest rates, economists from an influential Washington think tank said Wednesday.

Recent concerns that housing and financial market ripples will push the U.S. into recession are "much ado about very little," Adam Posen, deputy director of the Peterson Institute for International Economics, said at a conference on the Institute's global economic outlook.

While the U.S. will continue with a period of sluggish growth, "we'll get back to trend (gross domestic product) growth without a recession," said Douglas Holtz-Eakin, a former head of the Congressional Budget Office now with the Peterson Institute.

"I think (Fed officials) have done their job in constraining the credit crunch," he said, referring to last month's decision by the Fed to lower the federal funds rate by 50 basis points.

Holtz-Eakin is also an unpaid adviser to the presidential campaign of U.S. Sen. John McCain, R-Ariz.

His "cautiously optimistic" scenario is at odds with many others who see a deeper and longer-lasting effect from the housing recession and credit crunch.

In a paper released this week, Martin Feldstein, head of the influential National Bureau of Economic Research, said in reference to falling home prices, the recent seizing up of credit markets and possible consumer spending pullback: "Each of these could by itself be powerful enough to cause an economic downturn. The combination could cause a very serious recession unless there are other offsetting forces."

Feldstein thinks more rate cuts beyond last month's are needed.

And while Holtz-Eakin's forecast doesn't include a sharp rebound in U.S. gross domestic product - he sees GDP growth in the 2.5%-to-3% range for much of the next two years - that's about the best the U.S. can expect in an environment of slower productivity growth.

He sees the underlying productivity growth trend at around 2%, which when added to roughly 0.7%-a-year growth in the labor force only yields a noninflationary growth potential of 2.7%.

"Given what we know about the underlying pace of the economy...(Fed officials) don't need to make further moves to stimulate the real economy," Holtz-Eakin said.

The Peterson Institute economists also said the U.S. could withstand higher oil prices even if they rose to $100 a barrel.

Turning to the global economic outlook, Peterson Institute economist Michael Mussa said world economic growth "will be moderately weaker" next year compared with 2007 due in part to slower growth in the U.S. as well as China and India.


Toronto MRC 21:33 GMT October 10, 2007 Reply   
Anyone else see a dip then spike on their gold charts 737.48 then spike to 742.60. (5 min ago) Looks like the broker just went on a stop hunt.

London NYAM 21:27 GMT October 10, 2007 Reply   
FUA// the pattern to me looks like it needs usdjpy to test 116.50 before attempting any new highs. Similarly I think GBPUSD is not quite done basing out here so a trip to 2.0370 would be a good place to mount an attack on 2.05+. the sequence may not synchronize but on tyhe cross I would like to see a challendge of the rising trend line coming in at 238.00 now and rising at an houly rate of 2p. if it holds, and i suspect it will we will finally resume the rise in the cross led by gbpusd with usdjpy floundering again as it i expect it to be dollar weakness story not carry trade.
purk//im still making pancakes next week. Trust me.

Stockholm za 20:53 GMT October 10, 2007 Reply   

Good to go ..............
CHF/JPY at Value....

Sofia Kaprikorn 20:45 GMT October 10, 2007 Reply   
c'mon all we need is some more yen sold... 117.30 will do fine..

Lahore FM 20:28 GMT October 10, 2007 Reply   
USA BAY 20:24 GMT October 10, 2007
thanx Bay!

Lahore FM 20:27 GMT October 10, 2007 Reply   
denver jake 20:04 GMT October 10, 2007
Jake,it is going to remain bid aove 0.759/0.7610 window.keep an eye on usdjpy.above 117.30 will support rise of nzdusd as well.

USA BAY 20:24 GMT October 10, 2007 Reply   
LAHORE FM,

EID MUBARAK, Have a great time.

denver jake 20:04 GMT October 10, 2007 Reply   
FM, if you are around I would be very interested in your view of the Kiwi. Thanks so much

denver jake 20:01 GMT October 10, 2007 Reply   
NYC NYC-3 18:21 GMT October 10, 2007

It's not one 25% hike that's going to cause a massive fall. It's a change in monetary policy, that will signal a series of rate hikes. If and when inflation ever shows traction that would be a major step in setting this event into motion.

Some analyst on Bloomberg (I forget, but does it really matter?) was talking about how inflation starts to show up rather suddenly. Used the analogy about spinning tires in the snow until SNAP there is traction.

I think that's got some merit but me thinks it will take multiple months of increasing inflation reports before an announced change in monetary policy. That is unless one of those Board members gets impatient and convinces 4 others to become aggressive Asian Tigers.

PAR 19:54 GMT October 10, 2007 Reply   
As usual bank BOJ will karaoke the same song of studying and watching markets closely and carefully while doing nothing and just counting the accumulating foreign exchange reserves thanks to increased japanese exporters wordwide market shares supported by an extremely undervalued and manipulated currency.

The Netherlands Purk 19:49 GMT October 10, 2007 Reply   
Napoli DC 19:03 GMT October 10, 2007
The Netherlands Purk 17:55

Molto grazie DC.
Nothing to say anymore i am afraid, other than tomorrow is a new chop chop day. Thursday the days of euro strength. If it is, up is back and down is gone. But it wont...

Sofia Kaprikorn 19:45 GMT October 10, 2007 Reply   
however one interesting thing to watch is if the currency moves preced the stock moves or vice versa...

HK [email protected] 19:19 GMT October 10, 2007 Reply   
NYC NYC-3 18:21 GMT October 10, 2007

Maybe some corporations balances will show us what was the damage done by last CDO's and other scandals.
The next unwinding needs only a slight trigger.

Though the recent turning of the symmetric triangle into a reversal pattern pointing to yen going to 123-124, my calculations for yen going to 96 as a result of a longer term pattern of a yen bullish wedge, is still huffing and puffing on the background.

Sofia Kaprikorn 19:16 GMT October 10, 2007 Reply   
Stocks scale back losses - just saw this title...

if Dow can make it above 14150 / 14200 it will give enough confidenc e for a carry rally..

wonder if we see 240 in GY this round..

Gen dk 19:06 GMT October 10, 2007 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Napoli DC 19:03 GMT October 10, 2007 Reply   
The Netherlands Purk 17:55

you make life easier, never stop, please...

FW CS 18:58 GMT October 10, 2007 Reply   
BOJ most likley will do nothing. Probably come out with a carbon copy of their last statement

Lahore RK 18:55 GMT October 10, 2007 Reply   
London NYAM 16:50 GMT October 10, 2007
Again thnx for sharing your views

GL/GT

Van jv 18:54 GMT October 10, 2007 Reply   
potential double top on daily + reversal? Yen-who cares .25 cosmetics on Carry t.

Como Perrie 18:37 GMT October 10, 2007 Reply   
Tend to think BOJ to rise rates and stock markets to drop tomorrow.

NYC ET 18:28 GMT October 10, 2007 Reply   
Zero chance BOJ will cut rates

NYC NYC-3 18:21 GMT October 10, 2007 Reply   
If the BOJ cuts, might that put in a low for the YEN?

NYC NYC-3 18:21 GMT October 10, 2007 Reply   
Anyone with ideas on what catalyst it might take to force the freemoney carry traders, yen that is, to have to start unwindning again?

my interest is just that if it happens, even if it is 1/10, it would be HUGE!
maybe bigger than fall 97 Tiger, - he lost 2 billion.

PAR 18:21 GMT October 10, 2007 Reply   
Potential japanese rate cut is supporting Dow above 14000, USDJPY above 117.00 and EURJPY close to record highs. Will they cut by 25bp or follow US and go by a full 50 bp to help japanese banks print even more yen ?

Como Perrie 18:20 GMT October 10, 2007 Reply   
Dow 14K psychological supporting level closely monitored today.

Como Perrie 18:15 GMT October 10, 2007 Reply   
imo interest rates might be set for purging higher world wide

NYC ET 18:12 GMT October 10, 2007 Reply   
Ahe, look at stocks - that's the reason

Hong Kong Ahe 18:11 GMT October 10, 2007 Reply   
What's the news? Why there is a short carry trade unwind? It is because Purk no longer post his position? ;)

Gen dk 18:07 GMT October 10, 2007 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

The Netherlands Purk 17:56 GMT October 10, 2007 Reply   
Censored? what censored? not noticing that i was saying censored.

The Netherlands Purk 17:55 GMT October 10, 2007 Reply   
am trading in my bugger shorts for e/u shorts. Dick did a censored of a job. Will not post my entries, had to do that sooner i guess, but the shorts on the way to range are closed already.
Took a long usd/cad back. The range of today was not my range, but there always is the time that Dick goes to eat, and todat that time was at 16623. I missed out a few because i am placing orders at the middle 75% and the end of the range. who am i talking to now?
Is that you NYAM the master of the fx universe?
You reversed at 9813 going short in loonie?
Told you before but that 9860 is good for a few longs.
Lets all live in Geneva, thoughts there seem to be clear and uncloudy.

USA Zeus 17:39 GMT October 10, 2007 Reply   
Bangkok FUA 17:33 GMT October 10, 2007

Views posted for today (CHOP) and longer dated ideas in previous posts.

GT!

Como Perrie 17:36 GMT October 10, 2007 Reply   
Below 2.0402 might drift 2.0380/70 imo

Bangkok FUA 17:33 GMT October 10, 2007 Reply   
zeus :
you still keep shorting gbp/usd?

USA Zeus 17:30 GMT October 10, 2007 Reply   
GENEVA DS 17:23 GMT October 10, 2007
"... market is completely overcrowded with short GBP positions all over the place..."


Perhaps if you look beyond the local farmer's village street market it won't be so overcrowded?

GENEVA DS 17:23 GMT October 10, 2007 Reply   
EURGBP is now nicely set up to go to 65.30 this year... market is completely overcrowded with short GBP positions all over the place... very good Risk Reward to Short EURGBP at 69.25... sl 6955 target 6535..gl gt

Sofia Kaprikorn 17:21 GMT October 10, 2007 Reply   
par // seafood is even cheaper and serves as whale feed..

Bangkok FUA 17:20 GMT October 10, 2007 Reply   
nyam:

may i have your v iew on gbp/jpy?

thanks

PAR 16:55 GMT October 10, 2007 Reply   
As usual BOJ will focus on problems in Us housing markets instead of the perpetuum capital outflows out of Japan looking for a normal rate of return abroad. Even higher rice prices seem to be deflationary for Japan. Japanese probably eat cheap whale meat . Lol .

London NYAM 16:50 GMT October 10, 2007 Reply   
OEE// many thanks and to you.
RK// You are welcome.
For short term eurusd the key is casting a net for another leg up with stop under the low at 1.4011. that is my usual strategy. where it finally lands is always easier to deduce as we get towards it. im trying to snatch a first long at 1.4090 and 2.0

Bodrum OEE 16:41 GMT October 10, 2007 Reply   
London

NYAM, iyi bayramlar (happy eid)

We call it "sweets (candies and chocolate) bayram" (Turks the "light siders".

I hope all is well

Lansing slk 16:30 GMT October 10, 2007 Reply   
Sold EUR/USD at 1.4152 Looking for a pullback to 1.4100

PAR 16:24 GMT October 10, 2007 Reply   
Carry trades and potential japanese rate cut support USDJPY and Us shares .Kampo bids at 116.80 .

Lahore RK 15:44 GMT October 10, 2007 Reply   
London NYAM 15:15 GMT Thnx for the wave counts my swing trading shows like this 14170 /14205/14255* and 14347** can be a top out area other wise 14885***- infact on weekly cycles we are the top end of the range and possible of good pull back towards lower area of euro like 13928 area can not be ruled out by end of OCt or Early Nov from some correction sets in and mid dec can be very intersting on time Cycles
and thnx alot for sharing your view on the EW count

GL/GT

London DG 15:43 GMT October 10, 2007 Reply   
Anyone have any strategy on bank of japan tomorrow. They will leave rates on hold does any one think it's worth buying e/j or e/g now ahead of the meeting?

USA Zeus 15:25 GMT October 10, 2007 Reply   
USA Zeus 05:56 GMT October 10, 2007
EUR/USD, GBP/USD, EUR/JPY, USD/JPY
Perhaps it will be a bit rangy today. Don't get caught in the chop.
____________________________________________________

Perhaps so. LOL

London NYAM 15:15 GMT October 10, 2007 Reply   
Lahore RK 15:11 //We either completed wave 4 at 1.4011 or are still hashing it out but I would say startegic longs and tactical range playing until break out. I believe we have started but thats just a guess. Target firt 1.4275 then 1.44 area. I do not believe we will break 1.4500 this next leg up.
Apologies to the forum for personal stuff.

switzerland fxtrader 15:13 GMT October 10, 2007 Reply   
we still have to see a new high on eurusd but 1.45 will be not seen.....

London NYAM 15:12 GMT October 10, 2007 Reply   
Well they say if you live long enough you still have time to get that one right. ;)
Same goes for the market I guess.

Lahore RK 15:11 GMT October 10, 2007 Reply   
Hi forum members

Anyone thinks that 14170 is high for this swing or can go higher to 14207* and if breaks going to make new high but 14207 s tough though -- any EW counts from forum friend


TIA

GL/GT

London DG 14:59 GMT October 10, 2007 Reply   
Closed e/j for 11pips

Lahore FM 14:45 GMT October 10, 2007 Reply   
NYAM,Azusa and Zeus,many thanx gentlemen!will do that Zeus for that's the plan.

USA Zeus 14:42 GMT October 10, 2007 Reply   
Yes FM-Wishing you the very best. Enjoy the time away.

AZUSA 4x-ed 14:38 GMT October 10, 2007 Reply   
Have a happy eid FM; all the best wishes!

London NYAM 14:36 GMT October 10, 2007 Reply   
Aid Mubarrek Lahore.

BRUNEI yu yu 14:35 GMT October 10, 2007 Reply   
Thanks fm

Lahore FM 14:33 GMT October 10, 2007 Reply   
won't be contributing much thurs to wed as there is eid here,still might be able to pop in for a short while.

Gen dk 14:31 GMT October 10, 2007 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Lahore FM 14:28 GMT October 10, 2007 Reply   
BRUNEI yu yu 14:16 GMT October 10, 2007
you have to mail to Jay,the administrator/moderator of this forum.he can have your e-mail forwarded to me.
since you posted your e-mail addy,i have written you an e-mail.

London NYAM 14:19 GMT October 10, 2007 Reply   
Zeus this is chop central agreed. Im ending posting for a while until something more than a scalp appears.

USA Zeus 14:17 GMT October 10, 2007 Reply   
Right- Looks like more CHOP.

BRUNEI yu yu 14:16 GMT October 10, 2007 Reply   
How can I have your e mail fm?

BRUNEI yu yu 14:13 GMT October 10, 2007 Reply   
: D .yeah I thought you ask for me the email.

Lahore FM 14:11 GMT October 10, 2007 Reply   
Toronto yv 14:02 GMT October 10, 2007
yes sure.Jay is the one to ask!

yuyu,thanx but no one is allowed to post e-mail addy on the forum.it is against the rules here.

Gen dk 14:11 GMT October 10, 2007 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

London NYAM 14:10 GMT October 10, 2007 Reply   
Out of long dollars without time to post. News and stocks look like they will weih down the dollar Short only USDCAD (reversed from) .9813 and re-entered long EURGBP .69295

BRUNEI yu yu 14:05 GMT October 10, 2007 Reply   
fm [email protected]

Toronto yv 14:02 GMT October 10, 2007 Reply   
Lahore FM , may I ask You for your e-mail ?

Londono DG 14:01 GMT October 10, 2007 Reply   
sold nymex oil at 80.02

BRUNEI yu yu 13:59 GMT October 10, 2007 Reply   
Can anyone kindly explain to me more about the resistant price. So far that I know if the price reach the reistant it will not fall down from the reistant point. But I saw most of the time it falls from the resistant point.

Lahore FM 13:51 GMT October 10, 2007 Reply   
Bangkok FUA 13:32 GMT October 10, 2007
yuyu,follow Nyam closely.he has posted excellent ideas on gbpusd direction and trade.glgt!

Lahore FM 13:47 GMT October 10, 2007 Reply   
Bangkok FUA 13:32 GMT October 10, 2007
dig up yesterday's post.it is the same view.

BRUNEI yu yu 13:45 GMT October 10, 2007 Reply   
fm. So what will be your target at this moment?

Lahore FM 13:42 GMT October 10, 2007 Reply   
BRUNEI yu yu 13:35 GMT October 10, 2007
yuyu,it is well supported,though i cannot say it gets there today.

BRUNEI yu yu 13:42 GMT October 10, 2007 Reply   
Do you think the GBP/USD going to reach 2.2500 today? Sorry not 2.2500 but 2.0500?

BRUNEI yu yu 13:35 GMT October 10, 2007 Reply   
hi fm

Do you think the GBP/USD going to reach 2.2500 today?

Gen dk 13:33 GMT October 10, 2007 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Bon Air VA Dennis 13:32 GMT October 10, 2007 Reply   
Lahore FM 13:02 GMT

hey FM, you poaching on mm's turf? ;-)

just kidding of course, keep up the excellent work!

Bangkok FUA 13:32 GMT October 10, 2007 Reply   
hi fm,

care to share your view on gbp/jpy?

Thanks

melbourne DC 13:25 GMT October 10, 2007 Reply   
If punch bowl not taken away ... weak housing (prices) will direct money to stock mkt. Just like stock mkt bubble brst directed money to hse in aus b4.

London NYAM 13:14 GMT October 10, 2007 Reply   
long USD/JPY at 117.23

BRUNEI yu yu 13:03 GMT October 10, 2007 Reply   
ok

Lahore FM 13:02 GMT October 10, 2007 Reply   
quote of the day:

"The more you own, the more you know you don't own."

Aristotle Onassis

USA Zeus 13:02 GMT October 10, 2007 Reply   
Hong Kong Ahe 12:45 GMT October 10, 2007
madrid mm 12:42 GMT October 10, 2007

We aim to please! :-)


Now about that CHOP...

Global-View 13:01 GMT October 10, 2007 Reply   
BSB, please spell out you location (and save it in the posting template). TIA

BSB yuyu 12:59 GMT October 10, 2007 Reply   
wow.. is it true people can amke 250k in one day? That person must be brilliant in trading.

The Netherlands Purk 12:58 GMT October 10, 2007 Reply   
BSB yuyu 12:09 GMT October 10, 2007

I dont see critics, just facts. You seem to be a nice guy so take my advice: nobody knows, and the only ones surviving in this business are those who do it themselves. NYAM is no guru, and he states that. If you want to follow signals than try our Famous FM. Wish he was a woman..
I wish you more money than me and that you make other people richer than you ever will be.

London NYAM 12:53 GMT October 10, 2007 Reply   
Was that for real?!! What a superficial gold-digger!

What a choppy bait-and switch day. Its got scalping written all over it.

AZUSA 4x-ed 12:52 GMT October 10, 2007 Reply   
C'mon Jay, she had me at hello ;-)

Hong Kong Ahe 12:45 GMT October 10, 2007 Reply   
USA Zeus 12:39 GMT - LOL, nice one. I'll remember that every morn I wakeup.

madrid mm 12:42 GMT October 10, 2007 Reply   
ZEUS , but where ??? And how fast ?
LOL 8-)

London NYAM 12:41 GMT October 10, 2007 Reply   
FM// No kidding!
sold EURUSD 1.4166 STOP 1.4215
Taegeting 1.4080 or when pattern ends
P/t on EURGBP .6934 +15

USA Zeus 12:39 GMT October 10, 2007 Reply   
From Covel's new turtle trader book-

"Every morning in Africa a gazelle wakes up. It knows it must run faster than the fastest lion or it will be killed. Every morning a lion wakes up. It knows it must run faster than the slowest gazelle or it will starve to death. It doesn't matter whether you are a lion or a gazelle. When the sun comes up, you better start running"- African proverb

Lahore FM 12:36 GMT October 10, 2007 Reply   
interesting day on usd! corrections,swings and continuation...

BSB yuyu 12:21 GMT October 10, 2007 Reply   
The Netherlands Purk. Hey purk if you are that good what do you think? Should I buy the GBP/USD now?

AZUSA 4x-ed 12:12 GMT October 10, 2007 Reply   
ldn jbg 11:47 GMT October 10, 2007 - Yes jbg. GL

BSB yuyu 12:09 GMT October 10, 2007 Reply   
Yeah thanks for the critics purk. After all I am just a newbie. Hey where all of you got the resources. I try to check in the net but most of them are junk.

Londono DG 12:08 GMT October 10, 2007 Reply   
shorted e/j at 166.00

London NYAM 12:04 GMT October 10, 2007 Reply   
Londono DG 12:01// Great!

Londono DG 12:01 GMT October 10, 2007 Reply   
London NYAm, another good call on cable just taken 54 pips.

Thx

Vatican City Petrus 11:58 GMT October 10, 2007 Reply   

Jerusalem ML 11:55 GMT October 10, 2007

please mention that your location within Jerusalem is the Al Aqsa mosque.

Jerusalem ML 11:55 GMT October 10, 2007 Reply   
Hi all

Dollar seems stronger than i thought...
USD/CAD Headed to 0.99 ??
I think so

Tip of the week - dollar higher Euro back to 1.402
good luck

ldn jbg 11:47 GMT October 10, 2007 Reply   
AZUSA 4x-ed 11:26 GMT
What charting software are you using, is it e-signal? tia

AZUSA 4x-ed 11:26 GMT October 10, 2007 Reply   
Melbourne Qindex 01:46 GMT October 10, 2007
So far so good Dr. Q! Thanks and hope you keep'em coming... nice work!!!

London NYAM 11:22 GMT October 10, 2007 Reply   
closed out short G/J at 240.06 noit behaving like a good correction. (+29)

The Netherlands Purk 11:17 GMT October 10, 2007 Reply   
Right the range thing:
e/u high around 142 OR low around 14150. Depends.
e/j high around 16650-70 OR low 16484.
Loonie: dont have a clue, but 9830 and we see 9850, and 9780 we see more down.
What will i do? Well i wait until Dick is ready: he eats Spareribs today and by the time he tries to whipe that grease out of his a... and suit i will have my 20 pips... but of course i already have possies in between, for patience...

London NYAM 11:17 GMT October 10, 2007 Reply   
lol purk.
Did you see how even dick got scared to go it alone on CAD with all the other majors saying dollar needs a break? Longed CAD .9899.

The Netherlands Purk 11:07 GMT October 10, 2007 Reply   
London NYAM 10:33 GMT October 10, 2007


Better do the pancake thing. It seems to me that english is a problem for mr. yu yu....
In any case, it is good to see that you have a good heart. You will get it back in return sevenfold.
Yu, yu, yu, yu, yu, yu, yu!

GVI john 11:02 GMT October 10, 2007 Reply   
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PAR 10:54 GMT October 10, 2007 Reply   
If ECB s Trichet thinks that G7 meetings are the ideal platform to discuss forex one has to wonder why nothing but really nothing constructive for Europe has come out of those lavish G7 meetings since Trichet became president of the ECB . When Trichet needs to speak it is the sound of silence or some irrelevant comments.

London NYAM 10:42 GMT October 10, 2007 Reply   
yuyu I said palce a stop above todays high not stop the trade. I think before placing the next trade decide what your stop-loss tolerance is for your account size, trading style, and frequencey, and most important, for your psychology. Then take a view. I cant trade this one for you without straining for a view on something im not trading. Maybe Zeus has an entry target for a long. For my style i prefer to see some sign of bounce buying evidence before entering.

BSB yuyu 10:34 GMT October 10, 2007 Reply   
LONDON NYAM Yeah I had stop the trade now. Should I buy the GBP/USD now and wait for it to climb to 2.0510-30?

BSB yuyu 10:34 GMT October 10, 2007 Reply   
Yeah I had stop the trade now. Should I buy the GBP/USD now and wait for it to climb to 2.0510-30?

London NYAM 10:33 GMT October 10, 2007 Reply   
Purk. This week an FX service next week pancakes. I agree Dick is certainly earning his name and can dip down again before sweeping out the shorts just above .9830.
Nuff said.

The Netherlands Purk 10:23 GMT October 10, 2007 Reply   
hmmm NYAM, I see that you are running a forexservice here, good luck!
In the meantime Dick is back and taking specs on that back. It can continue all day, but it also can mean that we will see fast spikes down in e/u and e/j.
Wish you all the luck Dick, but watch your back...

Como Perrie 10:17 GMT October 10, 2007 Reply   
as per cable do see somehow 2.0420 to be the main supporting area.

London NYAM 10:15 GMT October 10, 2007 Reply   
yuyu I would place a stop above todays high (assuming you are capable of taking this hit with pain). If your money management rules allow for a higher stop then 2.0511 and 2.0541 are good fib extension high targets. break the latter then we go to 2.0660/70

Hong Kong YH 10:08 GMT October 10, 2007 Reply   
London NYAM 10:02 GMT October 10, 2007

today GBP is crazy strong...may I know your target? What is your comment in GBP, will it test 2.06 again? I think this time it will

BSB yuyu 10:07 GMT October 10, 2007 Reply   
LONDON NYAM . SORRY for the wrong info actually I am selling the GBP/USD at 2.0386. What do I have to do now? Do I have to cut the loss right now?

London NYAM 10:02 GMT October 10, 2007 Reply   
sold G/J 240.34

London NYAM 09:58 GMT October 10, 2007 Reply   
Ok yu yu FWIW i plan to sell 2.0480-90 STOPS 2.0510-30 and targets 2.0390 if it happens. best of luck looks great so far.

BSB yuyu 09:54 GMT October 10, 2007 Reply   
LONDON NYAM At this moment I am buying GBP/USD at 2.0386.

London NYAM 09:48 GMT October 10, 2007 Reply   
BSB yuyu 09:42// :) Im waiting for decent entries to get back in against the dollar. Im using USDCAD as the que. If it breaks below .9790 area its probably already started. I am looking though for a bounce to .9850-70.
What that means is dollar should take a mini breath-in before sliding again.
GBP and EUR should do the same.
Also it depends if you are already in or not. all JUST my HO.

Como Perrie 09:47 GMT October 10, 2007 Reply   
Huge stops EurJpy area being tested currently

BSB yuyu 09:42 GMT October 10, 2007 Reply   
LONDON NYAM Ok thanks for the info. So it is best just to wait for it to drop back?

Como Perrie 09:42 GMT October 10, 2007 Reply   
Japanese margin player net JPY shorts were reduced considerably over the course of the past week. Data for October 9 show net USD/JPY longs down from 83.3% as of October 1 to 79.6%. EUR/JPY longs were down from 71.2% to 69.1%, GBP/JPY longs from 61.7% to 59.9%, AUD/JPY longs from 76.7% to 69.5% and NZD/JPY longs from 71.0% to 70.7%.

London NYAM 09:40 GMT October 10, 2007 Reply   
BSB yuyu 09:35// on an intraday basis i am looking dfor a 40-70 correction from here 2.0454. But I would expect the underlyimg trend in a weakening dollar against EUR adn GBP to be intact.

Napoli DC 09:38 GMT October 10, 2007 Reply   
London NYAM 09:11
of course Sir
gt

madrid mm 09:36 GMT October 10, 2007 Reply   
Hogs, a new market to look at, no ?

Huge hog supply seen setting more records
http://www.reuters.com/article/reutersEdge/idUSN0941877820071009

8-()

BSB yuyu 09:35 GMT October 10, 2007 Reply   
Hi NYAM. Do you think the GBP/USD goin to continue to rise today?

Como Perrie 09:32 GMT October 10, 2007 Reply   
Syd .. 09:23 GMT October 10, 2007

Yeap, that must be pretty puzzling for the monetaristic ECB line as conflicts with monetary bases and the inflation targeting a lot.

Also herd a big european bank now months out of more than 4 bio euros liquidity and paying lotsa penalties for the ECB help.

London NYAM 09:31 GMT October 10, 2007 Reply   
Thanks FM!
Good trades to you.

Syd .. 09:25 GMT October 10, 2007 Reply   
Large NZD Uridashi To Mature Thursday - Analysts


0602 GMT [Dow Jones] Earlier sales of NZD/JPY on talk that Japan investors may not roll over some Uridashi bonds set to mature tomorrow may not be unreasonable: Sean Callow, senior FX strategist at Westpac, says 2-year Uridashis worth NZ$1.18 billion, originally issued by Nomura, will mature Thursday; that's largest amount since Aug. 20 when Uridashi worth NZ$1.43 billion matured, he says. While NZD/JPY has rebounded to around 89.50 from low of 74.28 on Aug. 17, sentiment is not so bullish, adds Deutsche Securities senior analyst Koji Fukaya; "there's a sense that there's little room left for the kiwi to rise further."

BSB 09:25 GMT October 10, 2007 Reply   
Can anyone tell me the prediction for the GBP/USD. Is it going to continue to rise or dropping back

Syd .. 09:23 GMT October 10, 2007 Reply   
The European Central Bank said Wednesday that a total of EUR745 million was borrowed in its one-day marginal lending facility Tuesday.

The facility is provided at a penalty rate of 5.00%, which is significantly higher than overnight money market rates at around 3.95%-4.10%, and is 100 basis points above the ECB's main refinancing minimum bid rate of 4.00%.

The ECB doesn't publish the names of the financial institutions, or the number of market players, which take out money via the facility.

The ECB Tuesday allotted EUR218 billion at rates of 4.12% and higher in its weekly main refinancing operation, and drained EUR24.5 billion at a fixed rate of 4.00% through a one-day fine-tuning quick tender. Tuesday was the last day of the previous reserve maintenance period.

Syd .. 09:20 GMT October 10, 2007 Reply   
MARKET TALK: End To USD Slide In Sight?


0721 GMT [Dow Jones] With the FOMC minutes highlighting the risks further USD weakness poses to inflation and with euro zone finance ministers listing USD weakness as one of their concerns, the days of the USD's slide could be numbered. "If conditions continue to stabilize and the economic outlook begins to improve, the USD could sustain a rally from current levels already regarded as too low by policymakers on both sides of the Atlantic," says UBS.

Como Perrie 09:16 GMT October 10, 2007 Reply   
Complex carry managment seen out of past week flows published. In general is very difficult to read the whole. Next week some more important datas coming out for several, cad trade I guess might be not that good as others datas seen into present - but this is for next thursday.
So far maybe good to start to get rid or eurusd longs if any, even if the tech picture is double sided here, might be even some a chance for shorting it - provided It confirms back near by the lower figure later on.

Lahore FM 09:15 GMT October 10, 2007 Reply   
NYAM,it is a long term buy,yes and the correction was deep but still within corrective bounds.about time to continue.good trades!

London NYAM 09:11 GMT October 10, 2007 Reply   
Napoli DC 09:06//dont be sad about pips in the pocket! As purk would say. Look at every trade as a new start.

London NYAM 09:09 GMT October 10, 2007 Reply   
Thanks Lahore! At last your back!
What do you think of EURGBP, i re-entered long at .6919 still feels like a long tterm buy on dips (its been working well so far).

Lahore FM 09:08 GMT October 10, 2007 Reply   
Napoli DC 09:06 GMT October 10, 2007
yes,perhaps just starting out!still always good to cash out,no?

Napoli DC 09:06 GMT October 10, 2007 Reply   
tks FM, but looks like the game is not over

Lahore FM 09:05 GMT October 10, 2007 Reply   
London NYAM 09:02 GMT October 10, 2007
well faded!!!

London NYAM 09:02 GMT October 10, 2007 Reply   
London NYAM 10:06 GMT October 9, 2007

So I’m looking to fade this now starting with a EUR long at 1.4128 and a USDCAD short at .9890

out of short CAD .9805 +85p

Lahore FM 09:01 GMT October 10, 2007 Reply   
Napoli DC 08:55 GMT October 10, 2007
Nice trade DC!

Geneva 09:01 GMT October 10, 2007 Reply   
hong kong nt 08:53 GMT October 10, 2007


according to bush familly, Inflation is every where but not in the US!.

I think the next US president will nned to work so hard to repaire the mess created by the Bush's.

Napoli DC 08:55 GMT October 10, 2007 Reply   
closed 2nd half € long from 1,405 at 1,4135

hong kong nt 08:53 GMT October 10, 2007 Reply   
Geneva 08:02 GMT October 10, 2007

my bet is that US will elect to continue to avoid to pick up the "correct" decision which maybe viewed as political undesirable by GW family...

Nigeria 08:48 GMT October 10, 2007 Reply   
Can somebody help me with information about the whole FOREX...

Gen dk 08:46 GMT October 10, 2007 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Roja Rosa 08:23 GMT October 10, 2007 Reply   
When optimism peaks chaos comes c9 index is too high on confidence 109 is coming

Syd .. 08:11 GMT October 10, 2007 Reply   
Sydney GE 07:49 agree most ignoring C/A numbers at present especially with the carry trades , but at some point it will be used as an excuse to wallop the aussie on any negative news coming out this side of the world

Lahore FM 08:10 GMT October 10, 2007 Reply   
Geneva 08:02 GMT October 10, 2007
Geneva,but one must appreciate the fact that market direction is not a matter of choice or letting.

Gold Coast TC 08:04 GMT October 10, 2007 Reply   
re aud. I'm still looking for a reason why RBA would react with a further rate increase. Given political polls, I expect a give-away bidding war between the two parties but I don't think anyone will be threatened by what have been historically shallow promises; job ads of late softened and possibly some resource projects which should't be pushed are on hold given world financial instability; major lenders will take heed and reprice credit risk so the consumer will notice in a way doing the RBA a favour; i'm not convinced that company profits are in anyway consistent with sharemarket inferences. Obviuosly I don't have a clear view but suspect that RBA during an election would like to not be in the limelight... post Xmas maybe different.

Geneva 08:02 GMT October 10, 2007 Reply   
hong kong nt 07:49 GMT October 10, 2007

What they should do is let the dollar rise against the major ccys,(Euro, chf, gbp), and keep the dollar weak against the exotique(Try, brl, yaun, jpy.....).

dubai ML 08:00 GMT October 10, 2007 Reply   
Resistance & support
EURUSD GBPUSD USDJPY USDCHF
1.4285 2.0550 118.75 1.1990
1.4160 2.0495 117.90 1.1925
1.4120 2.0410 117.30 1.1830
1.3930 2.0350 116.30 1.1800
1.3800 2.0280 115.20 1.1740

Lahore FM 07:51 GMT October 10, 2007 Reply   
rise above and trade above 2.0440 will give greater credence to gbpusd rally.

syd gk 07:51 GMT October 10, 2007 Reply   
on the aud, the current account defecit in australia will not be creating too many headaches. nominaly it might seem high, but with the federal budget producing huge surplusses, as well as the composition of australias external debt/asset favouring a longer term reduction in the ca defecit, the market wont be paying too much attention to it....as has been the case over the last few years.....differnet scenario from keatings bannana republic and j-curve days

Sydney GE 07:49 GMT October 10, 2007 Reply   
Syd .. 07:45 GMT October 10, 2007
Syd thats a very valid point and one which at some stage will hit home, but the NZD has shown how that number can get up to 9% and still not be an issue. The market si all about yield at the moment, doesnt work any more being smart

hong kong nt 07:49 GMT October 10, 2007 Reply   
GENEVA -- think not a crime for US to tolerate inflation before it becomes runaway. how many % of voters would care inflation outlook more than stock price, social benefits and employment?

Syd .. 07:45 GMT October 10, 2007 Reply   
Gold Coast TC 06:30 GMT one thing to consider Australia still has a huge C/A deficit over 6% GDP even with the commodity story and exports and with the high Aud and cheaper imports going to run even higher by the looks of it .. a negative when risks raises its ugly head

hong kong nt 07:44 GMT October 10, 2007 Reply   
Geneva 07:38 GMT October 10, 2007

no need to push dollar higher to fight inflation, just command Iraq to pump and order department of statistics to lie core inflation is only 2%...

Geneva 07:38 GMT October 10, 2007 Reply   
The fed cut 0.50, and Inflation is there!, next year is election year, they can't cut beacause of Inflation and they can't rise beacause of election, the only way is to rise the dollar in order to fight inflation. next year will be the year of the dollar!

Gen dk 07:34 GMT October 10, 2007 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

madrid mm 07:27 GMT October 10, 2007 Reply   
FWIW With Australia's benchmark interest rate expected to remain at +/- 6.5% while U.S. rates might fall further , I expect to see further appreciation of the AUD/USD currency pair for the rest of the year and into 2008..... 8-) And then it will be the turn of Westpac, ANZ and others to follow TD footstep to buy in the USofA.... 8-) 1AUD = 1USD ? Why not, stranger things have happened, no ?

gl/gt

The Netherlands Purk 07:26 GMT October 10, 2007 Reply   
I love the chops here, people at there best, and people they are only trying to show you who to teach you and those NOT to teach you. Only the clever ones may find out who i am referring to and who they refer at.
Mighty mice can be mighty.

USA Zeus 06:51 GMT October 10, 2007 Reply   
AZUSA 4x-ed 06:32 GMT October 10, 2007
Hello professor. Yes. Shameful how quick they are to forget yet eager to make a grand re-entry.
Not sure of any trade to make other than to fling a cheapshot in hopes of making a big attention grabbing splash (belly flop).

BTW- where is that porkCHOPtist?

USA Zeus 06:36 GMT October 10, 2007 Reply   
Well speaking of CHOP-

Let that antagonizer's trades speak for him. He's been hiding out for a while but last we knew he lured accounts from here into his "conservative" C9 bucket shop and drained them dry in less than 90 days then vanished. Perhaps it is time to hunt here for some fresh meat.

Happy Day!

AZUSA 4x-ed 06:32 GMT October 10, 2007 Reply   
hong kong nt 06:18 GMT October 10, 2007
A bit suprised to hear such comments after the grapevine rumors and after reading the archives:

hong kong nt 06:04 GMT July 13, 2006
USA Zeus 06:02 GMT July 13, 2006
any trading idea for remaining of the week? tia

hong kong nt 05:58 GMT July 13, 2006
USA Zeus 05:47 GMT July 13, 2006
at 650, which way will you place your bet? north or south?

hong kong nt 05:40 GMT July 13, 2006
USA Zeus 05:20 GMT July 13, 2006
any idea on next $30-40 gold move? 610/620 or 680/690? thanks
-----

I hope Van Gecko doesn't get terribly offended with your Zeus-ful 'infatuation'. In any case, welcome back!

madrid mm 06:31 GMT October 10, 2007 Reply   
* SF Fed Pres Janet Yellen says US still faces downside economic risk, with the aggressive 50bps cut by Fed heling to reduce it. Weak USD has suprisingly little impact on US import prices. Totally open minded on what is going to be needed from here.

* Fed Yellen says some decline in USD in recent months associated with looser policy. Inflation outlook "looks good." Cannot say odds of recession are zero, expects period of below trend growth. Mkt expectation do not dictate Fed policy. Reassessment of risks not unhealthy for long term.

* WSJ article: Latest Fed Minutes Don't Signal Opposition to Another Rate Cut.Fed officials worried that credit-market turmoil could reinforce slower growth at a time of "particularly high uncertainty," leading to their 50bps cut last month, according to the minutes.

* Canada Trade Min Jim Prentice says Canada will consider applying a national security tests for foreign takeover.

* UK Times: The BoE Gov Mervyn King last night dampened hopes of an early cut in UK interest rates to bolster the economy in the face of a persistent squeeze on lending conditions from the global credit crunch. The Governor undercut growing City optimism over an early rate cut with a stark message that the Bank would not take risks over inflation merely to bail out struggling banks.

* NZ Finmin Michael Cullen says inflation is a concern in short-term.

* The Govt posted a 31.9% above forecast surplus of NZD8.663bln, 5.2% of GDP.

* NZ Sept median house prices rose +0.4%m/m, +12.3%y/y, though home sales -7.9%m/m in August, -31.9%y/y - REINZ

* Cross/JPY, JPY carry trades started the day in Asia supported after record Dow, S&P highs, though main focus in early trading was in USD/SGD, after it dived to 10-year lows 1.4631 from 1.4720 on hawkish MAS policy statement, saying it will "increase slightly" the slope of the SGDNEER policy band. USD/SGD then recovered on talks of the local authority buying, pushing it to 1.4680, but offers still coming in.

* USD/JPY rose on good Japanese securities houses, banks demand from 117.10-15, on expected large fixing for today. USD/JPY then hit 117.28 on back of fixing set at 117.29. But topside, rising to 117.28, with topside capped by Japanese exporters, carmakers, mega-city banks selling from 117.30-50, as they will be selling at 115 forward rate till March 2008, though stoploss orders above 117.65, but hearing more exporters at 117.80-00, and options related offers b4 118.00 huge options triggers, talks Asian, China linked. Bids now 116.80-00.

EUR/JPY locked in range, but supported on back of EUR/USD buying, with bids at 165, focus on 10-week highs of 165.82, then key 166.00.

EUR/USD hit day highs 1.4119 on good buying from early Europe, >200-300m, with French, Europeans, Asian names amongst good buyers today as well, but offers still coming in 1.4120-30, focus on any more complaints- united or divided - on strong EUR.

GBP/USD hit day highs of 2.0414, GBP/JPY 239.20-25 on large UK clearers buying for fixing, before coming off to 2.0380 on China, Asian CBs sales then East Europeans names.

Talks Japanese sec houses, big 4 OZ, US banking group sold NZD/USD, NZD/JPY - eye huge NZD1.182b Renterbank Uridashi redemption tom. AUD off 0.9008 highs, still bid.

Nikkei +19.54pts or 0.11% at 17,179.44. JGBs lower on lower US Trsy, 10-yr yield +0.015% at 1.725%.

US Crude oil around $80, at $80.18.

Gold Coast TC 06:30 GMT October 10, 2007 Reply   
I can't see source of momentum to push AUDUSD higher...surely the windfall gains (current and future) of the resource boom is at an end or / are well and truly spent. Also, like the rest of the world, we consumers are not immune to uncertainty and will probably pull our horns in a little further. Alternately, is there that much more sadness to emerge from good ol' USA?

Hong Kong YH 06:21 GMT October 10, 2007 Reply   
hong kong nt 06:18 GMT October 10, 2007

Thank you. Most people are very positive in AUD, right?

hong kong nt 06:18 GMT October 10, 2007 Reply   
hong kong nt 06:04 GMT October 10, 2007
so you mean USA Zeus is always wrong, not accurate?

not sure he/she is accurate or not, only know he/she is very rich and have seemingly unlimited fund to do pyramiding until average position is showing profit,

on the technical side, AUD may reach 0.9150/80 before possible correction sets in...



Hong Kong YH 06:08 GMT October 10, 2007 Reply   
hong kong nt 06:04 GMT October 10, 2007

so you mean USA Zeus is always wrong, not accurate?

hong kong nt 06:04 GMT October 10, 2007 Reply   
Hong Kong YH 06:00 GMT October 10, 2007
USA Zeus 05:56 GMT October 10, 2007
can you give some comments in AUD and GBP? Should we short?

you need to have super thick wallet (aka 3000-4000 pips stop loss) to follow his/her ever winning trades..

The Netherlands Purk 06:02 GMT October 10, 2007 Reply   
Or should WE chop....

Have a happy day, and happy trading, let all the Genevas come to us!

hong kong nt 06:01 GMT October 10, 2007 Reply   
EUR/USD, GBP/USD, EUR/JPY, USD/JPY
Perhaps it will be a bit volatile today. Don't get caught in the chop.

Hong Kong YH 06:00 GMT October 10, 2007 Reply   
USA Zeus 05:56 GMT October 10, 2007

can you give some comments in AUD and GBP? Should we short?

USA Zeus 05:56 GMT October 10, 2007 Reply   
EUR/USD, GBP/USD, EUR/JPY, USD/JPY
Perhaps it will be a bit rangy today. Don't get caught in the chop.

hong kong nt 05:51 GMT October 10, 2007 Reply   
GENEVA DS 04:39 GMT October 10, 2007

given the huge and ballooning fund inflow in China stock market, which almost guarantee no equilibrium maybe set for any significant period of time. thus, simply buy some index put warrants and some leading insurance stock call options may work even without the need to bother the direction of the market...


melbourne DC 05:13 GMT October 10, 2007 Reply   
15:05
*DJ Westpac CEO: RBA Leaning Toward Another Interest Rate Rise

madrid mm 05:12 GMT October 10, 2007 Reply   
GM FX Jedi 8-)

Should I try to move there ? Very tempting I must admit

"Hong Kong to step up efforts to attract more overseas talent - Tsang
HONG KONG (XFN-ASIA) - Hong Kong plans to modify its Quality Migrant Admission Scheme to attract more professionals from the mainland and elsewhere to come and contribute to the development of the territory, Chief Executive Donald Tsang said in his annual policy address.
He said that large-scale development projects to be launched by the government will require talented people from different parts of the world.
'Global competition means that we have to compete for markets as well as talent,' he said.
'Hong Kong's future development requires more talent from the mainland and overseas.' xfn.com"

Hong Kong YH 05:08 GMT October 10, 2007 Reply   
GENEVA DS 05:02 GMT October 10, 2007

IC, But just wonder what 61 %...anyway, this is not the 1st day, China A share doesn't how to down. It is one way bet.

Basel 05:06 GMT October 10, 2007 Reply   
GENEVA DS 17:05 GMT June 20, 2007

SELL when the sun is shining... and BUY when people are speaking about crashes.... usual stuff....

GENEVA DS 05:02 GMT October 10, 2007 Reply   
HONG KONG

The bank account of the pessimists has only CRASHED ! gl

USA Zeus 04:59 GMT October 10, 2007 Reply   
austin gw 22:20 GMT October 9, 2007

YW GW! :-)

Hong Kong YH 04:46 GMT October 10, 2007 Reply   
GENEVA DS 04:39 GMT October 10, 2007

May I know what are you talking about? China market up 61%? Crash? Really don't understand

GENEVA DS 04:39 GMT October 10, 2007 Reply   
CRASH AT STOCK MARKETS

For all followers of bad news in this forum... the announced crash has now happened in CHINA at the stock markets... but only in the account of the short sellers or bears (who where all expecting this crash..) This morning Index is up 61 pct since 4 month... not bad.... so where is next such crash to happen... I feel most probably in NY... good day and smile...

Melbourne Qindex 01:46 GMT October 10, 2007 Reply   
GBP/USD : As shown in the monthly cycle charts the market is trading within the range of 2.0256 - 2.0594. 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. The weekly cycle pivot center indicates that the market is negative when it is below 2.0385. On the other hand the market momentum is strong when it is able to trade above 2.0675.

Syd .. 01:44 GMT October 10, 2007 Reply   
BOJ May Hike This Yr; Economic Fog Clearing-Daiwa

BOJ unlikely to raise rates at this week's policy board meeting, but hike still possible this year if liquidity concerns subside, Daiwa Securities SMBC analyst Mari Iwashita writes. With resurgence of Japan stock market, resilient exports to Asia, uncertainty about Japan economy is clearing up so board members may have more leeway in setting policy; anticipates hawkish comments from BOJ Governor Fukui after bank's meeting Thursday. "In the world of haiku poems, fog is a word for the autumn season...Japanese proverbs anticipate a clear autumn sky after a fog. Instead of being pessimistic that the fog will never clear, we believe we should get prepared for a clear autumn sky in a forward-looking manner."

isr jweb 01:38 GMT October 10, 2007 Reply   
thanks syd - clinton is a long time still...

Syd .. 01:34 GMT October 10, 2007 Reply   
Australian Aug Housing Finance +1.6% Vs +1.5% Consensus
Australian Aug Housing Investor Finance -4.5% Vs Jul

FW CS 01:26 GMT October 10, 2007 Reply   
USA moi 01:00 GMT October 10, 2007
Assuming we don't see the US become part of the planned North American Union.

Syd .. 01:13 GMT October 10, 2007 Reply   
isr jweb 00:45 I think we will all get a better idea once we see the CPI 24th Oct , if they come out on the low side your going to see quite a hit on the Aud , as most have priced in another rate hike already, my view is we will see some pull back before any higher , also re the US economy think that once Bush is no longer in power and IF Cllinton gets in your gonna see quite a turn around in the USD

USA moi 01:00 GMT October 10, 2007 Reply   
FW CS 00:51 GMT

and given the demographics of the EU how long will that last?

of course in the event of the US becoming a "second tier" power perhaps all the illegals will head for home and we as a nation can stop the nonsesense of trying to be the policeman for the world.

FW CS 00:51 GMT October 10, 2007 Reply   
nyc nyc-3 00:45 GMT October 10, 2007
US economy distintegrate? Possibly but more likely US has seen its Heyday and will probably decline like UK did after WW1. The EU has overtaken the US GDP and like 1-2 years ago there is like more Euro denominated bonds than US deonominated. The Euro is the "other $". Of course very high US national debt and current account deficit, manufacturing bleeding overseas. The foundations are being laid for a Longer term decline in the US economy.

isr jweb 00:45 GMT October 10, 2007 Reply   
syd so where is the aud going in your view? higher? parity?

nyc nyc-3 00:45 GMT October 10, 2007 Reply   
Iran ag re your link, since day one gloom/doom is fed to thye who need to hope its so.
US economy disingrates>? has schiff ever seen a US GDP charts since 1776?

Try googling wsj, phelps, how we live.

Syd .. 00:36 GMT October 10, 2007 Reply   
Australian Consumer Sentiment Index -0.3% In Oct Vs Sep

An index of consumer sentiment in Australia fell 0.3% in October from September.

The index fell to 115.3 points in October in seasonally adjusted terms from 115.7 points in September, compilers Westpac Banking Corp. and the Melbourne Institute said in a statement.

In annual terms, the consumer sentiment index rose 9.6% in October in seasonally adjusted terms. "The result is a little disappointing in that the index is still 4.5% below the level prior to the rate hike," Westpac chief economist Bill Evans said.

"Following the (Reserve) Bank's two previous rate hikes in November and August last year, the index had bounced back to exceed the pre-rate hike level after two months.

"Because it has started from a much higher level this time it does, however, follow that it may be more difficult to bounce back all the way."


 




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