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Forex Forum Archive for 10/15/2007

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AZUSA 4x-ed 23:44 GMT October 15, 2007 Reply   
London NYAM 19:41 GMT October 15, 2007
bought some more e/g at .6948 a gift really.
-----
looking a bit toppish on the weeklies, but I like the idea (thx)... 691x if seen would give me a bit more confidence. GL

Bangkok FUA 23:21 GMT October 15, 2007 Reply   
HI ABHA FXS,

do you long cable too?

Gen dk 23:18 GMT October 15, 2007 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

USA Zeus 23:17 GMT October 15, 2007 Reply   
Morristown GG 23:07 GMT October 15, 2007

Well GG we do appreciate various views. Actually the more the better IMVHO. Well yes I do see a cyclical shift on the horizon for the USD. Won't go into that more but I have been one of the biggest bulls of oil going back to that 50's dip at the first of the year. I trade both directions but have been biased north. I do think that the market will back off after surges before any add'l testing. Never know let's see. As for the Fed etc and who/what it is- no worries. As a brand new currency experiments, the Euro collusion is actually a major disaster that will see its day of wreckoning after its freshman period review IMVHO. In the interim its a traders market.

Cheers!

As for NYAM// no idea partner what you mean or whose patience. Perhaps some yoga and some time with a sexy sweed for some deep tissue therapy? Breathe....

Morristown GG 23:07 GMT October 15, 2007 Reply   
USA Zeus Sorry if I'm ranting too much. I do appreciate your Contrarian view, and you do admit that you are trading contrary to most right? You have made some good calls, but I'm thinking at a larger scale. I am realizing that one can't do that and succeed here. It's much more complicated. So I do enjoy your advise.
Most think the fact that the FED Reserve, which is owned by maybe 8 families with English ancestry and current membership, will continue to struggle to keep things afloat, The GBP will continue to rise with the Euro, as they battle back and forth, and Middle easterners favor them over the dollar.
The Swiss Frank and Yen should continue to strengthen as the carry trade loses favor. It will be volatile, which is where you will make money selling on rallies.
I know you are very confident in your position re: the dollar strengthening, Euro and GBP dropping, but many see the Euro approaching $150 within months. Same issue with your oil shorts. Many saying we could see $100 so you are contrary there too. If you look at the depreciation of the dollar by 60%, ( .86 E - 1.42 E) the Saudis should have inflated the price per barrel to maybe $120.00 by now to keep the same purchasing power.
BTW, does your platform allow you to trade FOREX as well as commodities, options etc?

London NYAM 23:05 GMT October 15, 2007 Reply   
Mr ‘Zeus’// I some how feel the deity you use as your ‘nom de plume’ would now be embarrassed or strike you down with some deserved affliction. This is the fx forum no? It is not the Dallas forum for J.R. wannabies. Why are you trying everyone’s patience with this nonsense? Stick to the F a X.

Gen dk 22:51 GMT October 15, 2007 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

USA Zeus 22:33 GMT October 15, 2007 Reply   
USA Zeus 21:00 GMT October 15, 2007
USA Zeus 20:53 GMT October 15, 2007
USA Zeus 20:42 GMT October 15, 2007
Short Nov crude 86.37


Got some more short at 86.45

Well Dick just hammered my offers @ 86.70 for an add-on.
____________________________________________________
Covered the 37's and 45's @ ave 28. Will keep the 70's at b/e for Dick.

USA Zeus 22:19 GMT October 15, 2007 Reply   
Well like we were saying- all mother teresa wannabie's aside, selling GBP and EUR vs the more favorable USD is a low risk strat. Meanwhile, that guy who gave up on fundamental trading in 2001 will continue to rant rediculous fundamental reasons to sell the USD stash.

Happy Day!

ABHA FXS 22:16 GMT October 15, 2007 Reply   
Long NZDUSD 0.7633 T 0.7820

Morristown GG 22:15 GMT October 15, 2007 Reply   

I'm also watching the yen for a strong rise, and a reduction fo carry trade. I think this is the big quake that we should expect as many funds are still highly leveraged - trillions in derivatives, with margin accounts created with borrowed yen.
Japan' policy of printing yen and keeping zero int rate has ended. They doubled their money supply in 6 years, yet their prices kept going down. That money was pumped overseas to investors who wanted to borrow it. So in 6 years, they printed 600,000,000,000 thats 600 trillion yen adding to the 600 they already had, and their prices did not go up. Now They report concern about rising prices, real estate etc, so the depreciation is over. The yen is at the bottom, and will interest rates will soon rise for a repatriation phase.

Rates in Europe are not falling, and if anything will continue to rise attracting more capital for expansion - an alternative to the US debt.

Falling interest rates in the US are reducing the interest differential and making dollar denominated less attractive. Some assets depreciating.

Add to all of that, tightening credit in the US, and what will soon be a rising yen vs. the US$, and the big players will start moving their stops up ready to take profits before the high yeilders drop too much.


It won't be smooth because funds will hedge these events, but eventually the stress will cause an earthquake of great magnitude to restore equilibrium. Certain catalysts could set it off, but the important thing is that these highly leveraged investors should be percieving that they are at the top of their game now or soon. and take profits, reduce risk and put the money somewhere else. Will this cause inflation in the yen? 1/2 of the outstanding yen supply is repatriated?

GVI john 21:55 GMT October 15, 2007 Reply   
Cut it out. Non market related posts are being deleted. Politica comments go on the Political Forum.

AZUSA 4x-ed 21:50 GMT October 15, 2007 Reply   
Relax everyone!!! It's after hours and boys will be boys... How about 'dem Packers?

Morristown GG 21:18 GMT October 15, 2007 Reply   
St. Pete Islander, No not JW, It was HW Armstrong's Worldwide Church of God. I am familiar with JW to some degree, and here in America, we have a lot of fundamental evangelicals who believe the euro is the "Beast"s currency. But NY is right - I remember back in the 70's the end was near, then the 80s, Latin debt, 90s and here we are still going.
I do believe there is a lot more to be revealed regarding the very tenuous balance sheet of the FED Reserve Bank. Lets remember that they are a bank. They lend money, buy back debt etc. They have to have collateral to back up their loans. How good is that collateral? It is all debt. How good is the debt? So far so good, but is there a point where real money earners will tire of the constant borrowing and overspending by materialistic greedy self righteous American consumers? It wouldn't take much, lets say for Catholic countries in South America to link to the Euro after being encouraged to do so by the Pope. If they didn't really need the dollar that much, could import goods from India, China and Europe, ....

FW CS 21:04 GMT October 15, 2007 Reply   
NYC3
No Plunge protection team? Just because one wants to deny they exist doesn't mean they do not. But don't take my word for it. Sorry to shatter your delusion but there is no such thing as a free market in this world (outside of unregulated black markets)

Executive Order 12631,signed on March 18, 1988 by United States President Ronald Reagan.

http://www.archives.gov/federal-register/codification/executive-order/12631.html


And also acknolwedged by the Washington Post

http://www.washingtonpost.com/wp-srv/business/longterm/blackm/plunge.htm

USA Zeus 21:00 GMT October 15, 2007 Reply   
USA Zeus 20:53 GMT October 15, 2007
USA Zeus 20:42 GMT October 15, 2007
Short Nov crude 86.37


Got some more short at 86.45

Well Dick just hammered my offers @ 86.70 for an add-on.


USA Zeus 20:53 GMT October 15, 2007 Reply   
USA Zeus 20:42 GMT October 15, 2007
Short Nov crude 86.37


Got some more short at 86.45

Bon Air VA Dennis 20:50 GMT October 15, 2007 Reply   
Morristown GG 19:41 GMT

no not USD bears, gg - I am one myself esp. vs JPY.

USA Zeus 20:48 GMT October 15, 2007 Reply   
Vail MC 20:18 GMT October 15, 2007

No magic per se. Just a level for Dick to stir about.
Will add higher if seen before setting stops.

GT!

AZUSA 4x-ed 20:43 GMT October 15, 2007 Reply   
Never a sure thing, but mindful of the odds in UK CPI data. Best of luck...

USA Zeus 20:42 GMT October 15, 2007 Reply   
Short Nov crude 86.37

St. Pete Islander 20:37 GMT October 15, 2007 Reply   
Morristown GG 20:18 GMT October 15, 2007

Ex-JW by any chance? Enjoyed your comments. gt

ABHA FXS 20:34 GMT October 15, 2007 Reply   
Long audusd 0.8987 T 0.9130

Syd .. 20:27 GMT October 15, 2007 Reply   
Heat in the workshop
http://www.ft.com/cms/s/0/9d5eba12-7a66-11dc-9bee-0000779fd2ac.html?nclick_check=1

London NYAM 20:27 GMT October 15, 2007 Reply   
Nice inverted hammer on the S&P three day chart. More to come? Seems like the corrective sequence is set to continue through the fall.

Morristown GG 20:18 GMT October 15, 2007 Reply   
NYC, I do appreciate your comments, They balance my pessimism. There is good news out there. It is a huge economy, and like a super tanker, takes a long time to change direction or slow down. I should disclose that I was in a fundamental religion for about 20 years until 2001. I'm still trying to deprogram myself from their armedmeggedon end of the world prophesies, but do still see some trends toward a replacement of the dollar as favored reserve currency. Iran is asking for yen or gbp for oil. Others are following depeging from dollar and reluctant to build up too much in reserves. A lot of the equity growth lately is due to the 50% discount foreign dollar owners are getting for US assets. For example a Canadian Bank just bought my bank and got a 50% discount due to the dollar's drop. But I still need help to keep a more balanced view so I use this forum for that purpose. Thanks again, G

Vail MC 20:18 GMT October 15, 2007 Reply   
Zeus, any reason for that level? Any stop on this one? Thanks

USA Zeus 20:13 GMT October 15, 2007 Reply   
Short GBP/USD 2.0435

USA Zeus 19:56 GMT October 15, 2007 Reply   
Ahh- crude oil @ 86.16. Feels like it could soon cool off a bit.

denver jake 19:51 GMT October 15, 2007 Reply   
This market is insane today. commodoties are flying and the aud,nzd and cad are tanking. conti/commod crosses are flying. can't help but think the pound is next to plummet.

Gen dk 19:50 GMT October 15, 2007 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

NYC NYC 3 19:49 GMT October 15, 2007 Reply   
its not 1979 with a jimmy carter high taxed economy vulnerable to 40$ crude.

if crude is 83 i/o 63, its 20 x 20 mbd x365 or a diff of 146billion or 3 days of US output. 1%

There is no PPT and they don't have to suppor US stks, US corps are in their hay day record profits, record cash position.

NYC NYC 3 19:45 GMT October 15, 2007 Reply   
doomgloom mindsets are always sure its all about to topple. i have heard that since I started in this bis in 1975.

Other, hoinest types, know it may all topple, its odds. Meantime it fuels along, what back the US $? US ingenuity, tech stoutness and an optimistic economy.

In 99 everyone wanted the USD now they want Fremch euros.

do they know anything?

PAR 19:44 GMT October 15, 2007 Reply   
PPT limiting damage to Us stocks despite sky high oil prices.

London NYAM 19:41 GMT October 15, 2007 Reply   
bought some more e/g at .6948 a gift really.

NYC NYC 3 19:41 GMT October 15, 2007 Reply   
A different view, there isn't much different about the $ today Vs a year or 2 yreas ago. Just price has changed.

I don't think mnay stop and ponder what is backing it,
goldbugs may ,but they sit on mtal bars buried in their basement and don't participate in US capitalistic progress.
IE GDP 9 to 15 billion in 8 years.

Participating types, invest and help fiance US growth. and earn just rewards/

Because $/e is 142 I/O 82 several years ago, would that MAKE some think the USD isn't backed by much? they watch watch and after 8 years deduce that?

Morristown GG 19:41 GMT October 15, 2007 Reply   
Dennis, Not sure, but are you talking about us dollar bears? I do worry sometimes that I am biased with preconcepts that are hard to shake. I have been trying to become more objective and trade the market forces regardless of any political or other concept of the future, but certain trends do seem underway. I'm in NJ. I see a lot of foreclosure signs in my area where there are a lot of newcomers from South America, that borrowed sub-prime. I also talk to clients who are close to top corporate officers in the area. Most of them are international corps who don't care what happens to the dollar - they win either way. So you are right that the talk about supporting the dollar is just that - talk. Those that matter dont care if it sinks.
I'm short the NZD-AUD/YEN all day today, and probably through the night, but keeping an eye on it.

Gen dk 19:26 GMT October 15, 2007 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

madrid mm 19:10 GMT October 15, 2007 Reply   
First Baby Boomer Asks for Social Security Benefits (Update1)

Oct. 15 (Bloomberg) -- The first Baby Boomer applied today for Social Security benefits, a milestone marking the approaching retirement of a generation of Americans whose eligibility for government payouts threatens to overwhelm the federal budget.

http://www.bloomberg.com/apps/news?pid=20601087&sid=a8rFLg2L7xIQ&refer=home

Bon Air VA Dennis 19:10 GMT October 15, 2007 Reply   
some people don't get it, do they?

Morristown GG 19:01 GMT October 15, 2007 Reply   
Paris VN, and Par (different members right?) I agree with your sentiment about the dollar and how the world is realizing how little is backing it, and how much the FED and Treasury covers up problems and plays games. This new idea to buy back the worthless collateral is just a way to keep from having to disclose their true value and then have to mark down the value of all the remaining collateral of like kind. This won't last, but it might delay the inevitable. Lets not forget that many foreign funds purchased these fraudulant securities and lost a lot of money and will either sue or find another way to get back at the greedy lying US Fund slicers and dicers, who caused these problems.
On gold, most of the gold that has ever been mined is still in existence - as bullion, coin or jewelry etc. Every day more gets mined and added to the stock. Finally it is purchased at high leverage by the carry traders with borowwed yen. so when risk aversion comes along, and yen strengthens, gold can go down as it is sold.

PAR 18:43 GMT October 15, 2007 Reply   
The new " superconduit" , is that a kind of PPT for subprime bonds held by SIV and Us banks ?

AZUSA 4x-ed 18:26 GMT October 15, 2007 Reply   
za, a hefty amount even at proposed levels: http://www.resourceinvestor.com/pebble.asp?relid=34408

Gen dk 18:23 GMT October 15, 2007 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Stockholm za 18:16 GMT October 15, 2007 Reply   

Como Perrie 17:07 >>
Where did Italy get the extra 1,500 tonnes From ??

Bodrum OEE 18:15 GMT October 15, 2007 Reply   
PAR 17:05 GMT October 15, 2007

this is no Kampo and Bank of Japan issue, it is world politics

The Netherlands Purk 18:10 GMT October 15, 2007 Reply   
Well only 35 pips to go for bugger, lets see if we can take the 166 tonight or that it jumps back.

AZUSA 4x-ed 18:08 GMT October 15, 2007 Reply   
NKS reports that in Japan, the domestic retail price of gold jumped 19% on Monday from the beginning of the year to 3,003 yen per gram, surpassing the 3,000 yen mark for the first time in 23 years. “Many investors are selling their gold to traders to capitalize on the high prices. The number of such sales has been rising since late September, when the price of gold surpassed 2,800 yen. Currently, about 90% of the customers at these traders are sellers and 10% are buyers.”

Como Perrie 17:56 GMT October 15, 2007 Reply   
The US dollar gained ground on Monday after comments from Rodrigo Rato, the head of the International Monetary Fund said that the dollar is undervalued.

Gen dk 17:43 GMT October 15, 2007 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

PAR 17:36 GMT October 15, 2007 Reply   
USDJPY 117.25 well defended by Us and Japanese investment banks and carry trades. Also hearing that the new superconduit to help the credit crunch is not helping transparency , on the contrary like Enron it is creating another off balance sheet entity .

Gen dk 17:30 GMT October 15, 2007 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Gen dk 17:18 GMT October 15, 2007 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Como Perrie 17:12 GMT October 15, 2007 Reply   
Today was also the big plenary convention in China, were sorts for 1.3 bio people will be decided for the next 5 years. The actual president is seemingly getting more power leaway.. Stronger yuan? hmmm

Como Perrie 17:07 GMT October 15, 2007 Reply   
AZUSA 4x-ed 17:03 GMT October 15, 2007

Italy has some 4,000 tonnes of gold to sell into next years...more or less as Spain did last summer

PAR 17:05 GMT October 15, 2007 Reply   
It is normal that Turkey same as USA takes some preemptive strikes against terrorists . Impact on financial markets should be minimal .

AZUSA 4x-ed 17:03 GMT October 15, 2007 Reply   
Como Perrie 16:40 GMT October 15, 2007
Should note also that EURAUD had a nice bounce while gold was on a tear... clearly these currencies are not in synch with the commods. Cheers

Bodrum OEE 17:02 GMT October 15, 2007 Reply   
Turkish government receives parliamentary approval for Iraq incursion

source: OEE - Bodrum

The Netherlands Purk 16:45 GMT October 15, 2007 Reply   
I must add again that the bugger showed us a long in the clog morning and a short in the clog evening for a while now. Who knows....

Gen dk 16:45 GMT October 15, 2007 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

The Netherlands Purk 16:41 GMT October 15, 2007 Reply   
Bugger on some edge again here, just like last week. Have to see if this 166 can be broken.
Loonie seems tired of going down all the time. Guess the oily boily took their chance and are longing. If this is so 9780 has to be broken with 20~.

Como Perrie 16:40 GMT October 15, 2007 Reply   
Yet usdcad has to be seen .98 to .9830 to show some idea of a possible trend stabilisation or reversal

PAR 16:39 GMT October 15, 2007 Reply   
Dont get the idea of the " superconduit " buying unsalelable assets held by SIV s .Imho it looks like a stock buy back for subprime bonds and more like a price manipulation mechanism than anything else.

Hong Kong Ahe 16:38 GMT October 15, 2007 Reply   
HK Kevin 16:32 GMT - If you trade EURJPY, watch the crude oil price movement. Now Oct, they are trading Crude Future for Jan 2008. Crude price will be down for Feb to March as usual as demand is not that much after winter is passed. Thus, EURJPY may take a break from its high. GLGT.

Como Perrie 16:34 GMT October 15, 2007 Reply   
Airbus is a disaster of an idea from the start. Huge public spending has been used to finance It to present. There are some very big errors in the idea behind the Airbus that are limiting It's use heavily. But you know politicians behind abusing

madrid mm 16:33 GMT October 15, 2007 Reply   
fwiw for newbies ...and the rest to be reminded in trading -

"The greatest glory is not in never falling but in rising up every time we fall."

Confucius (551-479 BC) Chinese Philosopher

HK Kevin 16:32 GMT October 15, 2007 Reply   
Hong Kong ahe, sold tiny EUR/JPY at 166.83 earlier, stop above today's high. Target for tomorrow 165.80. R/R 1:1

nj jf 16:28 GMT October 15, 2007 Reply   
got to say as well that sometimes typing the true meaning doesnt come out properly or maybe mis-interpreted but agree dennis some are obviously not relevant today.

Global-iew 16:23 GMT October 15, 2007 Reply   
We are on it.

London NYAM 16:22 GMT October 15, 2007 Reply   
Dennis//Exactly.

Bon Air VA Dennis 16:19 GMT October 15, 2007 Reply   
what is really worthless are these seemingly endless "food-fights" and assinine, politically motivated posts that express nothing more than a personal, highly biased point of view.

denver jake 16:09 GMT October 15, 2007 Reply   
ah well stopped out at 7659 on kiwi longs for -97 pips. capitulation selling needs to settle down but i still like longs once the smoke clears.

USA Zeus 16:09 GMT October 15, 2007 Reply   
The Global-View consensus propaganda contrarian index (GVCPCI) is screaming "buy" for USD and a definitive "sell" for EUR and GBP.

Paris vn 16:01 GMT October 15, 2007 Reply   
USA Zeus 15:49 GMT October 15, 2007

Why? the dollar is worthless!

Como Perrie 15:57 GMT October 15, 2007 Reply   
Additionaly this w/e Rice in Moscow failed to agree onto cooling down the dumb stellar defence process that Russia and China started to develop after Bush in 2002 ordered his fella generals the new toy...so some bombs might start to fall from the sky next years...watch out

Hong Kong Ahe 15:52 GMT October 15, 2007 Reply   
HK Kevin 15:39 GMT - Hi Kevin, NZDJPY is leading unwind, then AUDJPY. GBPJPY is still observing at the cross-roads. Watch carefully and dont buy on contra. Better sell on rebounce or finding another lagging behind YEN Cross pair to catch the Unwind of Yenophobies. Just my 2 cents, maybe wrong. GLGT.

Como Perrie 15:50 GMT October 15, 2007 Reply   
regarding the european process France is boston strangled due missing reforms (Italy even worst) given the yet 19th century organisation of state. Spain has spent lotsa public moneys to grow and has been forced to sell half of gold reserves to cover debt...Germany so far in the last 15 years is the only country who made 80-90 pct of national reforms planned..while Sarkozy would love to make money of of wars as Bush did It in the last ugly years

USA Zeus 15:49 GMT October 15, 2007 Reply   
Yep. Best one can do is dump European currencies on any surge and buy the USD- the premier reserve currency. The most sought after currency on the planet.

Como Perrie 15:41 GMT October 15, 2007 Reply   
so far for some strange reason am suspecting the usd to benefit from cross pairs yen repat..for sure is safer the usd than the nzd or try or cad or sf at this point...maybe eur aud and gdp too...swapping and reswapping there might have come to an end ahead of last week (euro particularly) concerncs ahead of the G7 expressed by some on the eur/rmb and eur/jpy

HK Kevin 15:39 GMT October 15, 2007 Reply   
Hong Kong Ahe 15:35 GMT, thanks. Need to buy you a drink.

Como Perrie 15:37 GMT October 15, 2007 Reply   
btw Italy has some lotsa tonnes of Gold that must sell at some point as retired under national schemes now approx 1/3 of population, plus medicare

Como Perrie 15:36 GMT October 15, 2007 Reply   
At this point one can say everything of anything..but consequences in next years of last years politics be It US or Euro or Asean, might easily fall into extreme choices of global conflicts..at least some will get a new job :))

Hong Kong Ahe 15:35 GMT October 15, 2007 Reply   
HK Kevin 15:25 GMT - Congra. Many red wines now. ;)

HK Kevin 15:25 GMT October 15, 2007 Reply   
Closed all short Kiwi from 7745 at 7662.

Paris vn 15:24 GMT October 15, 2007 Reply   
HK [email protected] 15:09 GMT October 15, 2007

When you look at the dollar it is not cycle it is bankrupt, the dollar is in free fall since Bush is in power. Your president kill the US power in term of econmy and external policy. You are done, over past.
The dollar vs cad went up from 0.95 to 1.60 in nearly 30 years it lost evewry think in just 5 years. this is not a cycvle it is BANKRUPT!

Gen dk 15:24 GMT October 15, 2007 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

HK Kevin 15:15 GMT October 15, 2007 Reply   
Another stock leading market

London NYAM 15:14 GMT October 15, 2007 Reply   
sold half again at 239.50 looking at 239.70 as second area if seen and stops 240.28

London NYAM 15:11 GMT October 15, 2007 Reply   
Managed to exit short G/J at 239.25 +100 and +141

HK [email protected] 15:09 GMT October 15, 2007 Reply   
Paris vn 13:21 GMT October 15, 2007
Building the largest plane in the world does not make one greatest, and so with the people of Babylon too hehehe.
The americans no doubt can build it, but didnt do it because they think A-380 is too big. On the other side we have to admit that some of the modern jet technology is based on Nazi technology, so we can't deny that Europe is no great too.

Dollar will go down and will recover too, it is not a Q. of nationalism but cycles which have to be observed on charts.

London NYAM 15:08 GMT October 15, 2007 Reply   
AZUSA yes 117.40 now broken so 117.15 next.

AZUSA 4x-ed 15:00 GMT October 15, 2007 Reply   
London NYAM 14:57 GMT October 15, 2007
shouldn't that be 117.xx?

USA Zeus 14:58 GMT October 15, 2007 Reply   
Lots of contra politicos here today. Guess it must be time to buy USD's again.

London NYAM 14:57 GMT October 15, 2007 Reply   
USDJPY hanging on the houlry 23sep to oct 10 trendline (2-4) right here at 118.40-50. A break is good news for the shorts.

London NYAM 14:53 GMT October 15, 2007 Reply   
KL MY 14:25// 2.0330-40 will offer alot of s-t support i think as im getting a cluster around there. We may however also extend to just above todays high first so stops are going to get hit if they expect this high to offer resistance.

melbourne DC 14:39 GMT October 15, 2007 Reply   
16 Oct 2007 00:37 AUSEST
*DJ J.C. Flowers, BofA And JPMorgan Offer To Terminate Sallie Mae Merger

KL MY 14:25 GMT October 15, 2007 Reply   
NYAM, will gbpusd reach 2.0311?, can i get ur target , thanks

London NYAM 14:15 GMT October 15, 2007 Reply   
looks like we are winding up for a 'healthy' correction today.

London NYAM 14:05 GMT October 15, 2007 Reply   
Looks like the combination of 118.00 handle and yen cross elling is just too much for USDJPY to handle. Not to mention the mixed messages from equities.

Global-View 13:35 GMT October 15, 2007 Reply   
vn. take political views to the Poltiical Forum

Paris vn 13:34 GMT October 15, 2007 Reply   
St. Annaland Bob 13:30 GMT October 15, 2007

Sound like beginning of the END for the US.

St. Annaland Bob 13:30 GMT October 15, 2007 Reply   
shanghai bc 13:28 GMT October 15, 2007

sounds more like La Coq Sportief ... first A380 will deliver masses of Chinese to the new America (i.e. Australia) ... no empire can exist without Chinese support our days.

Bon Air VA Dennis 13:28 GMT October 15, 2007 Reply   
"
Airbus delivers first superjumbo
Singapore Airlines A380 plane in Toulouse, 15 October 2007
The first commercial A380 flight will take place on 25 October
Airbus has delivered its first finished A380 superjumbo jet to Singapore Airlines, 18 months behind schedule.

The construction of the A380, able to carry up to 800 passengers, has been beset by persistent and costly delays. "

shanghai bc 13:28 GMT October 15, 2007 Reply   

Sounds like the official broadcast from Le Pen folks:)

Paris vn 13:21 GMT October 15, 2007 Reply   
Today the super power is Europe, we are much much better,
Airbus just deliver his first airplain A380. The US is far on the back.

The euro will just rise, the US is a big losser! Sell the dollar!

Melbourne Qindex 13:08 GMT October 15, 2007 Reply   
USD/CHF : I guess we have seen the daily low already. The followings are still valid :-


Melbourne Qindex 07:15 GMT October 15, 2007
USD/CHF : Critical Support at 1.1739

Daily Directional Indicator : (1.1739) - 1.1796* - 1.1816 - (1.1825) - 1.1839 - 1.1910*

Daily Cycle Pivot Center : 1.1816 - 1.1839

3-Day Cycle Pivot Center : 1.1796* - 1.1910*

Weekly Cycle Pivot Center : (1.1739) - (1.1825)

Remarks : The market momentum is strong when it is above the daily cycle pivot center at 1.1839 and speculative buying interest will increase when the market is trading above 1.1910. On the other hand the market is under pressure when it is below the daily cycle pivot center at 1.1816 and speculative selling pressure will increase when the market is trading below 1.1796.

Upside Targeting Points : 1.1871 and 1.1918

Downside Targeting Points : 1.1760 and 1.1782




Melbourne Qindex 01:23 GMT October 15, 2007
USD/CHF : As shown in the monthly cycle charts the market momentum is strong when it is able to trade above the upper barrier of the projected series at 1.1819* // 1.1879. Speculative buying interest will increase when the market is above 1.2058. On the other hand the market is under pressure if it is trading below 1.1581.




Melbourne Qindex 13:06 GMT October 15, 2007 Reply   
EUR/USD I guess we have seen the daily high already. The following are still valids :-


Melbourne Qindex 02:51 GMT October 15, 2007
EUR/USD : Critical Support 1.4068

Daily Directional Indicator :(1.4068) - (1.4157) - 1.4159 - 1.4170* - 1.4187 - 1.4222*

Daily Cycle Pivot Center : 1.4159 - 1.4187

3-Day Cycle Pivot Center : 1.4170* - 1.4222*

Weekly Cycle Pivot Center : (1.4068) - (1.4157)

Remarks : The market momentum is strong when it is above the daily cycle pivot center at 1.4187 and speculative buying interest will increase if the market is able to trade above 1.4222. On the other hand the market is under pressure when it is below 1.4157 and speculative selling pressure will increase when the market is trading below 1.4129.

Upside Targeting Points : 1.4249 and 1.4272

Downside Targeting Points : 1.4085 and 1.4103



Melbourne Qindex 02:48 GMT October 15, 2007
EUR/USD: : As shown in the monthly cycle projected series the market is basically vibrating around the projected chart point at 1.4146 with an expected magnitude of 1.3988 - 1.4303. The current expected trading ranges from the monthly cycle projected series are [1.3988] - 1.4067 - 1.4146* - 1.4224 - 1.4303.




Melbourne Qindex 13:01 GMT October 15, 2007 Reply   
GBP/USD : In the mean time the market is going to consolidate between 2.0306 - 2.0425 for the time being.


The followings are still valid :-


Melbourne Qindex 04:35 GMT October 15, 2007
GBP/USD :: : Heading Towards 2.0319


Daily Directional Indicator : 2.0275 - (2.0306) - 2.0315* - 2.0360 - 2.0562* - (2.0565)

Daily Cycle Pivot Center : 2.0275 - 2.0360

3-Day Cycle Pivot Center : 2.0315* - 2.0562*

Weekly Cycle Pivot Center : (2.0306) - (2.0565)

Remarks : The market momentum is strong when it is above the daily cycle pivot center at 2.0360. Speculative buying interest will increase when the market is trading above 2.0404. On the other hand the market is under pressure when it is below the weekly cycle pivot center at 2.0306 and speculative selling pressure will increase when it is trading below 2.0275. In the mean time the market is going to consolidate between 2.0306 - 2.0425 for the time being.

Upside Targeting Points : 2.0431 and 2.0484

Downside Targeting Points : 2.0119 and 2.0235

London NYAM 13:01 GMT October 15, 2007 Reply   
pa// My bias is towards the latter levels.

London NYAM 13:00 GMT October 15, 2007 Reply   
pittsburgh pa 12:43// I have a break of 1.4280-1.4300 brings on 1.4500-70 and below break of 1.3980-1.4015 brings open 1.3860.

pittsburgh pa 12:43 GMT October 15, 2007 Reply   
anyone have any weekly targets in the eur/usd?

Bon Air VA Dennis 12:38 GMT October 15, 2007 Reply   
Bob, rotflmao!

St. Annaland Bob 12:35 GMT October 15, 2007 Reply   
Dennis, I mean this movie star

Gen dk 12:34 GMT October 15, 2007 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Bon Air VA Dennis 12:32 GMT October 15, 2007 Reply   
Bob:

you mean the "Nobel Piece Prize" winner? ;-) or the hyopcrite

http://www.usatoday.com/news/opinion/editorials/2006-08-09-gore-green_x.htm

St. Annaland Bob 12:21 GMT October 15, 2007 Reply   
EU theEUROqueen 12:11 GMT October 15, 2007

Lira looks like good all inclusive package for the moment

St. Annaland Bob 12:20 GMT October 15, 2007 Reply   
Bon Air VA Dennis 11:55 GMT October 15, 2007

ok...I don't know too much about such things...let's ask Al Gore ;)

EU theEUROqueen 12:11 GMT October 15, 2007 Reply   
it will a nice break if the 1,43* will print

good luck Bob with the tyr

happytrade

Bon Air VA Dennis 11:55 GMT October 15, 2007 Reply   
Bob:

the FED does NOT have anything to do with USD in terms of intervention other than to act on BEHALF of the US Treasury (ie. Paulson not Bernanke) in foreign exchange matters. The Fed is concerned with domestic monetary issues not global issues.

St. Annaland Bob 11:45 GMT October 15, 2007 Reply   
London PPT 11:26 GMT October 15, 2007

personally, I does not think that the FED involved...they are the last to suffer.

GVI john 11:39 GMT October 15, 2007 Reply   
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Melbourne Qindex 11:38 GMT October 15, 2007 Reply   
GBP/CHF: Resistance at 2.4206

Daily Directional Indicator : (2.3894) - 2.4001* - 2.4007 - 2.4028* - 2.4104 - (2.4113)

Daily Cycle Pivot Center : 2.4007 - 2.4104

3-Day Cycle Pivot Center : 2.4001* - 2.4028*

Weekly Cycle Pivot Center : (2.3894) - (2.4113)

Remarks : The market momentum is strong when it is above the weekly cycle pivot center at 2.4113. On the other hand the market is under pressure when it is below the daily cycle pivot center at 2.4007 and speculative selling pressure will increase when the market is trading below 2.3894.

Upside Targeting Points : 2.4201 and 2.4335

Downside Targeting Points : 2.3813 and 2.3873

Bon Air VA Dennis 11:31 GMT October 15, 2007 Reply   
All the talk of "joint" or "co-ordinated" intervention, especially involving US Tsy and Paulson is a). "qwatsch", b). wishful thinking or c). disingenuous.

What US interest would be served by making imported goods cheaper and exported products more expensive? To further increase the trade deficit?

London PPT 11:26 GMT October 15, 2007 Reply   
Bob, rumors around of joint CB support for $

Gen dk 11:26 GMT October 15, 2007 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Melbourne Qindex 11:21 GMT October 15, 2007 Reply   
GBP/CHF : As shown in the monthly cycle projected series the market was rejected from the upper barrier in its first attempt. The monthly cycle normal trading range is 2.3501 - 2.4200. The current expected trading ranges from the monthly cycle are [2.3824] - 2.3878 - 2.3932* - 2.3985 - 2.4039 - 2.4093 - 2.4147* // 2.4200 - 2.4254 - 2.4362*.

St. Annaland Bob 11:19 GMT October 15, 2007 Reply   

latest comments from Trichet suggest something heavy brewing among ECB and other central banks...when, when action will take place remains the trillions question.

London NYAM 11:01 GMT October 15, 2007 Reply   
now sold into full possie 241.66. So now just have to see if the fib extension holds.

London NYAM 10:56 GMT October 15, 2007 Reply   
indentations didnt quite transfer.

London NYAM 10:55 GMT October 15, 2007 Reply   
evan// Thx Im looking at resistance at the cluster highlighted below.
'Reasons to be fearful 1-2-3'
O 219.2700 O 228.1900
Wave 1 235.4900 Wave 1 234.2700
Wave 2 228.1900 Wave 2 229.7000
REGULAR EXTENSION REGULAR EXTENSION
1.382 241.6860*** 1.382 236.5926
1.618 245.5140 1.618 238.0274
2.618 261.7340 2.618 244.1074
4.236 287.9779 4.236 253.9449
PLUMMER PLUMMER
1.382 238.2786 1.382 236.0157
1.618 240.0014 1.618 237.0943
2.618 247.3014 2.618 241.6643***
4.236 259.1128 4.236 249.0585

Mla evan 10:49 GMT October 15, 2007 Reply   
NYAM, think stop should be above 241.12

London NYAM 10:40 GMT October 15, 2007 Reply   
sold G/J 240.30 stop 240.71

UK Alex 10:25 GMT October 15, 2007 Reply   
isr jweb 10:18 GMT October 15, 2007
Rightmove survey

ABHA FXS 10:24 GMT October 15, 2007 Reply   
Short EURCAD 1.3847 T 1.3680

saopaulo cg 10:20 GMT October 15, 2007 Reply   
* ECB Pres Jean-Claude Trichet told CNBC Europe that FX traders speculating on JPY and currencies in emerging markets should be aware of the risks they are taking.

* French Budget Minister Eric Woerth, in Radio J, says the euro is much too strong against the USD, which is hurting growth.

isr jweb 10:18 GMT October 15, 2007 Reply   
uk - what did the syrvey say?

London NYAM 10:16 GMT October 15, 2007 Reply   
Took a small short GBPUSD on this pop. at 2.0408. The pattern to me is definitely in agreement with my precog dream but think we get a pull back first to test the longs. Will look to reverse on that with a full possie. Or SAR at 2.0421

ABHA FXS 10:08 GMT October 15, 2007 Reply   
Short AUDCAD 0.8808 T 0.8720

UK Alex 10:06 GMT October 15, 2007 Reply   
Nice of that Sunday newspaper to leak the results of the Rightmove survey.

UK Alex 10:05 GMT October 15, 2007 Reply   
TOKYO--Nomura Holdings Inc. (8604) said Monday that it plans to shutter its residential mortgage business in the U.S. after suffering large subprime-related losses.

The company expects a group pretax loss of Y40 billion-Y60 billion for the July-September quarter, in part due to a Y73 billion loss in its residential mortgage-backed securities, or RMBS, related operations.

Japan's largest securities business group by revenue said in a release that it also expects costs of Y15 billion to reorganize its U.S. business.

London NYAM 09:53 GMT October 15, 2007 Reply   
FT REPORT - FUND MANAGEMENT: Diving dollar has surprises in the offing
By Eric Uhlfelder, Financial Times
Published: Oct 15, 2007
http://search.ft.com/ftArticle?queryText=uhlfelder&aje=true&id=071015000121&ct=0&nclick_check=1
When the general public starts talking about foreign exchange rates and daily newspapers run headlines about the dollar's relentless fall, this tells us two things: the greenback has become extraordinarily weak and the last vestiges of pro-dollar resistance has probably given way.
But investors hoping to profit further from the dollar's decline may be in for a surprise.

Syd .. 09:46 GMT October 15, 2007 Reply   
TEHRAN (AP)--A Kremlin spokesman said Monday he couldn't confirm Russian President Vladimir Putin's plan to arrive in Iran later Monday as scheduled.

"There is no information that the visit is still planned," spokesman Dmitry Peskov told The Associated Press. He refused to elaborate, but the comments follow a Russian special services warning of a possible attempt to assassinate Putin during his visit.

madrid mm 09:41 GMT October 15, 2007 Reply   
Oct. 15 (Bloomberg) -- Asian nations are in a bind. Currency traders are closing in on the kill.

"".../... And that's an opportunity for currency traders.""

bloomberg

Gen dk 09:38 GMT October 15, 2007 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

ABHA FXS 09:21 GMT October 15, 2007 Reply   
Long GBPCHF 2.4035 T 2.4348

London NYAM 09:19 GMT October 15, 2007 Reply   
Nope no space cakes and no visits to Purk. Ive been looking over the charts too much this w/e and sometimes when I can't get a view my subconscious supplies one out of irritation. Incidently GBPUSD has juped 40 pips since my dream...yes I am a precog and

The Netherlands Purk 08:55 GMT October 15, 2007 Reply   
Ah GUPTA: nope i was on route with customers from OZ. One travelled 33 hours to clogland the other 24 and the other one was smart and took the train...

You speak Chinese yet?

St. Annaland Bob 08:48 GMT October 15, 2007 Reply   
EU theEUROqueen 08:28 GMT October 15, 2007

in since 16688

__________________
Nyam, please ignore.

St. Annaland Bob 08:47 GMT October 15, 2007 Reply   
London NYAM 07:18 GMT October 15, 2007

in since 16688

Chennai Gupta 08:40 GMT October 15, 2007 Reply   
The Netherlands Purk 08:31 GMT October 15, 2007
The real question is Purky...over the weekend did you make milkshake all by yourself?...

The Netherlands Purk 08:31 GMT October 15, 2007 Reply   
So err NYAM, you made a space cake?

EU theEUROqueen 08:28 GMT October 15, 2007 Reply   
St. Annaland Bob 07:10 GMT October 15, 2007 ...

HAPPY sunny day!

even thats will not help the USD....)

sounds its the time 2 sell the TYR..!!!


happy trade

Gen dk 08:16 GMT October 15, 2007 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Toronto 08:06 GMT October 15, 2007 Reply   
Hey guys, I am new to forex but I've done my thorough homework :), but I really need a mentor, someone to discuss the latest trends with.. Anyone who might be up for it, here's my email [email protected]

Melbourne Qindex 08:05 GMT October 15, 2007 Reply   
EUR/USD : A barrier is located at 1.4213 - 1.4215.

Toronto 08:04 GMT October 15, 2007 Reply   
EURJPY - Same as GBPJPY, a descent is on its way

Syd .. 08:02 GMT October 15, 2007 Reply   
London NYAM 07:18 a little scary :-))

madrid mm 07:59 GMT October 15, 2007 Reply   
PREVIEW-G7 finance chiefs to meet under economic clouds

* What: G7 finance ministers and central bankers meet in Washington

* When: Oct. 19 with a closing communique expected around 6:30 p.m. (2230 GMT)

* The communique's language on currencies is expected to be little changed from April

http://investing.reuters.co.uk/news/articleinvesting.aspx?type=allBreakingNews&storyID=2007-10-14T171804Z_01_N14273625_RTRIDST_0_G7-PREVIEW.XML

Melbourne Qindex 07:54 GMT October 15, 2007 Reply   
GBP/JPY : A Pullback is Imminent

Daily Directional Indicator : 231.82* - 237.16 - (238.64) - 239.40 - (240.44) - 241.12*

Daily Cycle Pivot Center : 237.16 - 239.40

3-Day Cycle Pivot Center : 231.82* - 241.12*

Weekly Cycle Pivot Center : (238.64) - (240.44)

Remarks : The market momentum is strong when it is above the weekly cycle pivot center at 240.44 and speculative buying interest will increase when the market is trading above 241.12. On the other hand the market is under pressure when it is below the weekly cycle pivot center at 238.64 and speculative selling pressure will increase when the market is trading below the daily cycle pivot center at 237.16.

Upside Targeting Points : 229.57 and 230.44
 
Downside Targeting Points : 227.06 and 227.81

madrid mm 07:51 GMT October 15, 2007 Reply   
London NYAM 07:18 GMT October 15, 2007

maybe too much celebrating after gr8 win of English rugby team in the RWC 8-)

Melbourne Qindex 07:39 GMT October 15, 2007 Reply   
St. Annaland Bob 07:37 GMT - Good afternoon!

St. Annaland Bob 07:37 GMT October 15, 2007 Reply   

Dr. Q ... greetings to you!

Melbourne Qindex 07:31 GMT October 15, 2007 Reply   
Bangkok FUA 05:31 GMT - GBP/USD : The Monthly Cycle Pivot Center at 2.0375 - 2.0425 gives you a general direction already. It is bias on the downside when the market is below 2.0375. It is neutral when the market is trading between 2.0375 - 2.0425. The market is bias on the upside when it is trading above 2.0425. The URL of the monthly cycle charts is http://www.qindex.com/gbp.html

PAR 07:28 GMT October 15, 2007 Reply   
Kampo buying USDJPY as forex will not be discussed at G7 meeting, Us housing sector mayl show substantial improvements and Us stocks will be setting new records .

St. Annaland Bob 07:20 GMT October 15, 2007 Reply   
London NYAM 07:18 GMT October 15, 2007

did you spend the w/e in Amsterdam? ... happy trades and be careful from Purk and his gang

London NYAM 07:18 GMT October 15, 2007 Reply   
bizarre dream. syd and fm were on tv interviewing for a piece on independant traders in fx and gv.
more bizarre was gbpusd was heading towards 2.200.
woke up with a distinct feeling i should get long the pair.
:)

Melbourne Qindex 07:15 GMT October 15, 2007 Reply   
USD/CHF : Critical Support at 1.1739

Daily Directional Indicator : (1.1739) - 1.1796* - 1.1816 - (1.1825) - 1.1839 - 1.1910*

Daily Cycle Pivot Center : 1.1816 - 1.1839

3-Day Cycle Pivot Center : 1.1796* - 1.1910*

Weekly Cycle Pivot Center : (1.1739) - (1.1825)

Remarks : The market momentum is strong when it is above the daily cycle pivot center at 1.1839 and speculative buying interest will increase when the market is trading above 1.1910. On the other hand the market is under pressure when it is below the daily cycle pivot center at 1.1816 and speculative selling pressure will increase when the market is trading below 1.1796.
 
Upside Targeting Points : 1.1871 and 1.1918

Downside Targeting Points : 1.1760 and 1.1782

St. Annaland Bob 07:10 GMT October 15, 2007 Reply   

don't rush to kill the USD, first find someone else to hate :-)

rumor running in and out China that Nobel prize for literature goes to GWB, that's USD positive!!!

Melbourne Qindex 07:08 GMT October 15, 2007 Reply   
GBP/JPY : As shown in the monthly cycle charts the market is consolidating between 237.35 - 241.15. The mid-point reference of 237.35 and 241.15 is 239.25. The monthly cycle normal trading range is 225.95 - 241.15. The market is under pressure when it is below 237.35 and speculative selling pressure will increase when the market is trading below 236.67.

madrid mm 06:24 GMT October 15, 2007 Reply   
FWIW -
Remember, to reduce the "risk of ruin", you must have a sound plan to limit your use of leverage and keep sufficient cash reserves to keep your place at the table.....

I know I know sounds easy, but ask all those traders who did not follow this rule and are probably not trading anymore. 8-)

madrid mm 06:09 GMT October 15, 2007 Reply   
GM Fx JEDI !!! May th eforce be with YOU ALL 8-)


* FT: Markets on alert for G7 shift on currency: FX markets in particular are on alert for any changes to the G7 ­communiqué that raise even the remote possibility of co-ordinated international intervention to support USD.

* ECB Pres Jean-Claude Trichet told CNBC Europe that FX traders speculating on JPY and currencies in emerging markets should be aware of the risks they are taking.

* French Budget Minister Eric Woerth, in Radio J, says the euro is much too strong against the USD, which is hurting growth.

* Fed Watcher/BBG's John Berry article that Fed will not cut rates again unless data show it is need. JB writes that with economic news running no worse than when Fed cut rates last month

* BoJ Gov Toshihiko Fukui says uncertainties in global markets including downside risks in US economy.

* UK Telegraph article: Hedge funds target currency pegs: Sitting ducks are on offer across E Europe, the M.E. and emerging Asia.

* Chinese Pres Hu Jintao says China will improve CNY exchange rate mechanism and will gradually promote CNY convertibility.

* PBoC hikes reserve requirement ratio hike by 50bps to 13%.

* FT: Banks line up $75bn mortgage debt fund: Citigroup, Bank of America and JPMorgan are on Monday expected to announce plans for a fund to buy mortgage-linked securities in an attempt to allay fears of a downward price-spiral that would hit the balance sheets of big banks.

* Australian Treasurer Peter Costello upgrades Aust GDP outlook to 4.25% from 3.75% for 2007/2008, and plans to reduce taxes.

* Aust PM John Howard calls for federal elections on Nov24.

* Russian special services have received warning of a plot to kill Pres Vladimir Putin when he visits Iran on Tuesday - Interfax.

* NZ Q3 weaker +0.5%q/q for Q3 CPI vs +0.8% expected.

* UK Sept/ Oct Rightmove of +2.7%m/m, +10.4%y/y.

* Steady markets, started with Kiwi coming under pressure on softer CPI, pushing AUD/USD to fresh 23-yr high 0.9072 on AUD/NZD buying on view that RBNZ will not hike, RBA will still hike.

* Focus turns to huge EUR15.73b Italian coupons+redemption today, could see Japanese banks selling EUR/JPY, EUR/USD, USD/JPY for repatriation.

EUR/USD spiked up 20pips in thin mkts to 1.4183, on talks of a large UK clearing buying, and possibly doing the "last trickles" of M+A need to pay shareholders on Oct 17, today being Val 17.

Talks of Swiss, E Europeans, Asian Sovereign bids at 1.4140-50, stops below 1.4100.

Focus on news of plot to kill Russian Pres Putin, eye impact on EUR/CHF, though EUR/CH still bid at 1.6780 after hitting all time highs of 1.6825 on Friday.

USD/JPY capped by exporters, options offers b4 huge 118 China options talk.

GBP a tad lower despite firmer Rightmove, focus on any "last minute" EUR/GBP M+A buying.

Nikkei +12.26pts or 0.07% at 17,343. JGBs lower, 10-yr yield +0.030% at 1.730%.

Crude oil firm at $83.71 on tensions between Turkey + northern Iraq.

Gold near 28-yr highs, now $752.80, eye $755.

Bangkok FUA 05:31 GMT October 15, 2007 Reply   
Qindex:

GBP/usd : : Heading Towards 2.0319


dont understand your post. no direction here? just assumption? or what you are saying is gbp/usd will go down to 2.0319 ?

Melbourne Qindex 04:35 GMT October 15, 2007 Reply   
GBP/USD
: : Heading Towards 2.0319

Daily Directional Indicator : 2.0275 - (2.0306) - 2.0315* - 2.0360 - 2.0562* - (2.0565)

Daily Cycle Pivot Center : 2.0275 - 2.0360

3-Day Cycle Pivot Center : 2.0315* - 2.0562*

Weekly Cycle Pivot Center : (2.0306) - (2.0565)

Remarks : The market momentum is strong when it is above the daily cycle pivot center at 2.0360. Speculative buying interest will increase when the market is trading above 2.0404. On the other hand the market is under pressure when it is below the weekly cycle pivot center at 2.0306 and speculative selling pressure will increase when it is trading below 2.0275. In the mean time the market is going to consolidate between 2.0306 - 2.0425 for the time being.

Upside Targeting Points : 2.0431 and 2.0484

Downside Targeting Points : 2.0119 and 2.0235

Syd .. 03:29 GMT October 15, 2007 Reply   
Failure of previous round of tightening to constrain surge in China's M2 for September, plus boost in liquidity from any further cut in interest rates by Fed, means "the chance for a more decisive move in currency revaluation is rising", Citigroup economist Huang Yiping says in note; but adds PBOC likely to persist with gradual tightening, tipping one more 27bp rate hike and 50bp hike in reserve requirement ratio on their way.(

Miami OMIL (/;-> 03:18 GMT October 15, 2007 Reply   
St. Pete Islander 14:01 GMT October 14, 2007
I don't keep the same hours as I used to but I will try my friend. GT

Syd .. 03:16 GMT October 15, 2007 Reply   
China may hike banks' RRR to 15% by end 2008, from 13% following most recent hike announced at weekend, says JPMorgan; notes lower USD interest rate raises cost to central bank of mopping up liquidity via open market operations, higher RRR much cheaper option, although banks will suffer from relatively lower return on reserves vs PBOC bills. Also tips deposit rates to be hiked 27 bps, and lending rates 18 bps twice in next 6 months; "the idea is to address negative real deposit rates, which are seen as contributing to the A-share bubble problem; this approach also would likely squeeze Chinese banks' net interest margins and thus reduce their incentive to expand lending business."(

Miami OMIL (/;-> 03:12 GMT October 15, 2007 Reply   
Sofia Kaprikorn 08:58 GMT October 13, 2007
Sorry for my late reply but I am not around the forex forum that often any more. I have talked about MM for many moons hoping I will attract some ears to listen (I hope I was successful). You can use the archives (type my initials and anything that relates to money management). I believe you should find a lot of things posted. It will take discipline from the mind before you can master your emotions. Believe it or not there are many formulas that if used with the proper MM will leave you on the positive side. Peace and GT

Melbourne Qindex 02:51 GMT October 15, 2007 Reply   
EUR/USD : Critical Support 1.4068

Daily Directional Indicator :(1.4068) - (1.4157) - 1.4159 - 1.4170* - 1.4187 - 1.4222*

Daily Cycle Pivot Center : 1.4159 - 1.4187

3-Day Cycle Pivot Center : 1.4170* - 1.4222*

Weekly Cycle Pivot Center : (1.4068) - (1.4157)

Remarks : The  market momentum is strong when it is above the daily cycle pivot center at 1.4187 and speculative buying interest will increase if the market is able to trade above 1.4222. On the other hand the market is under pressure when it is below 1.4157 and speculative selling pressure will increase when the market is trading below 1.4129.

Upside Targeting Points : 1.4249 and 1.4272

Downside Targeting Points : 1.4085 and 1.4103

Melbourne Qindex 02:48 GMT October 15, 2007 Reply   
EUR/USD: : As shown in the monthly cycle projected series the market is basically vibrating around the projected chart point at 1.4146 with an expected magnitude of 1.3988 - 1.4303. The current expected trading ranges from the monthly cycle projected series are [1.3988] - 1.4067 - 1.4146* - 1.4224 - 1.4303.

Syd .. 02:38 GMT October 15, 2007 Reply   
Australian Personal Finance Down 3.2% In August Vs July

Syd .. 02:37 GMT October 15, 2007 Reply   
China should raise interest rates in small steps more frequently as part of efforts to ease rapid growth in asset prices, China Securities Journal reports outspoken academic, former PBOC adviser Yu Yongding as saying; "To restrain inflation and high asset prices should be the main target of the government's macroeconomic controls in the future. The inflation should come back to around 3%." Comments come after strong economic data of late, weekend PBOC announcement of required reserves ratio hike; may reinforce expectations of further tightening. Yu also says as well as interest rate hikes, PBOC can continue to raise banks' required reserves, issue bills, allow CNY to rise more rapidly to curb strong growth in money supply, absorb excessive liquidity.

Melbourne Qindex 01:43 GMT October 15, 2007 Reply   
Bangkok FUA 01:34 - GBP/USD : It will be posted later today.

Bangkok FUA 01:34 GMT October 15, 2007 Reply   
HI Qindex;
may i have your view on gbp/usd please?

TIA

Melbourne Qindex 01:23 GMT October 15, 2007 Reply   
USD/CHF : As shown in the monthly cycle charts the market momentum is strong when it is able to trade above the upper barrier of the projected series at 1.1819* // 1.1879. Speculative buying interest will increase when the market is above 1.2058. On the other hand the market is under pressure if it is trading below 1.1581.

Syd .. 00:15 GMT October 15, 2007 Reply   
Fed Rate-Cut Case Getting Harder To Make


0011 GMT [Dow Jones] Case for more Fed rate cuts growing shakier as some economists point to improving financial markets, solid data, as evidence overall growth path's withstood August's market turbulence, ongoing drag from housing sector. While there hasn't been wholesale shift away from view Fed will need to cut rates again, futures markets skeptical, with JPMorgan arguing Fed is done. Fed justified last month's cut as effort to shore up economy vs unpredictable influence of financial market troubles; thus far, much of recent economic news, market developments suggest worst-case scenario isn't happening with retail sales solid last month. Stephen Stanley at RBS Greenwich says: "I'm left to ask: is this the worst there is?" Adds, "If so, the consumer is going to be just fine"; still holds to "relatively sanguine" view of modest hit to consumer spending in 4Q. Meanwhile, commercial paper market turned in 2nd-straight week of growth after big pullbacks while elevated borrowing rates have been falling. "Recent developments suggest that it is unlikely that the Fed will believe that it is prudent to ease again," writes Bruce Kasman, JPMorgan's chief economist; "With equity markets at cyclical highs, credit spreads narrowing, and money market stress abating, the Fed will not likely see a need to insure against a credit crunch."

 




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We were trading long before there were online brokers. Global-View has been directly involved with the industry since its infancy. We've seen everything and are up-to-data with recent regulatory changes.

Our Best Brokers listing section includes:Forex Broker Reviews, Forex Broker Directory, Forex Broker Comparisons and advice on How to Choose a Forex Broker

If would like guidance, advice, or have any concerns at all ASK US. We are here to help you.

SEE Our Best Brokers List

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