Forex Forum Archive for 12/04/2007

USA BAY 23:11 GMT December 4, 2007 Reply   
PEC ANDRAS,

No problem . gt/gl

Pecs Andras 22:57 GMT December 4, 2007 Reply   
I will wait another 1.5 hours for the AUD GDP data and close if it is too good

Pecs Andras 22:55 GMT December 4, 2007 Reply   
Thanks FM and Bay

Syd .. 22:55 GMT December 4, 2007 Reply   
RBA leaves rates unchanged at 6.75% but flags risks to inflation, with February tightening still on the cards, says JPMorgan economist Jarrod Kerr. Says RBA statement accompanying no change had "hawkish undertones", but flagged risks from slower growth and higher inflation. Says RBA held off due to market turbulence.

USA BAY 22:45 GMT December 4, 2007 Reply   
AUD/USD: Edges Lower After Rate Decision Sydney December 5. The decision to leave rates on hold this month was widely expected, but the initial flows since the announcement have been sellers and the price has broken the overnight lows at 0.8711, coming off from 0.8735 pre announcement. Dealers report thin markets, but there are bids around 0.8685/00 that should slow further falls, while the key level is last month"s corrective low at 0.8655. The AUD/USD trades 0.8700/05. [email protected]

Lahore FM 22:43 GMT December 4, 2007 Reply   
Pecs Andras 22:33 GMT December 4, 2007
it is time to clsoe audusd shorts,imho Andras.

good night all!

USA BAY 22:42 GMT December 4, 2007 Reply   
AUSTRALIA: RBA Leaves Rates Unchanged

warsaw TOMi 22:37 GMT December 4, 2007 Reply   
yes kacik, took the bottom €/$ and euryena, cable somehow lagging behind due eurgbp..

Tallinn viies 22:35 GMT December 4, 2007 Reply   
nice close on eurusd today. next big target at 1,4905-10. small ones at 50% retracement at 1,4790-95 and 61,8% retracement at 1,4830-35.
I dont think euro will come down to 1,4720 within nexct 12 hours but if it comes it should offer good opportunity to buy for test of last week high. personally was able to get out of short and small long at 1,4726. stop at 1,4693. gl

Pecs Andras 22:33 GMT December 4, 2007 Reply   
Guys
I went short AUD/USD 2 days ago at 8860. Already nicely in the money, and I wonder how long it can still go, if it can at all.
Any idea for a good target?

Pecs Andras 22:31 GMT December 4, 2007 Reply   
RBA unchanged

Lahore FM 22:31 GMT December 4, 2007 Reply   
RBA,unchanged.

USA Zeus 22:23 GMT December 4, 2007 Reply   
Don't taze me bro...don't taze me!

toronto Malver Sant 22:21 GMT December 4, 2007 Reply   
good werk Tomik good target , the dayly stochs have already reversed and buy signal on 1hr

St. Annaland Bob 21:57 GMT December 4, 2007 Reply   
Zeus, I apologize for the stupidity shown in the last post targeting you, sorry for that!

warsaw TOMi 21:51 GMT December 4, 2007 Reply   
good job today guys,well done
continue tomorrow march route for €/$ need 4955 target filled so another 200 pips push by weekend

gl/gt

dc CB 21:47 GMT December 4, 2007 Reply   
NYC jr 21:34 GMT December 4, 2007
Well CB she was pretty mesmerizing ;)

well several of those bad boys report in the next two weeks so we should know whose getting coal for christmas. LEH, BSC 12/13, MS 12/17, GS 12/18.

St. Annaland Bob 21:47 GMT December 4, 2007 Reply   

when Zeus is around then it's official: BALLS BUSTING TIME !!!

NYC jr 21:34 GMT December 4, 2007 Reply   
Well CB she was pretty mesmerizing ;) I just find it interesting from a contrarian standpoint that her analysis was sort of swept under the carpet today - I came across it surfing - whereas I recieved 15 fwds about sivs, writedowns, and a fund in florida. It might very well just be my own cadre here - but I've got such subprime fatigue!

USA Zeus 21:30 GMT December 4, 2007 Reply   
Mtl JP 20:05 GMT December 4, 2007

Would be cautious of casual verbose pontifications akin to magazine covers as they also tend to be wrong at the exact right time.

Cheers!

NYC jr 21:05 GMT December 4, 2007 Reply   
Abbey jo-co on cnbc right now

dc CB 19:57 GMT December 4, 2007 Reply   
NYC jr 15:45 GMT December 4, 2007
Goldman's Cohen Sees S&P 500 Rising 14% by 2008's End (Update3)
Dec. 4 (Bloomberg) -- Goldman Sachs Group Inc.'s Chief Investment Strategist Abby Joseph Cohen said the Standard & Poor's 500 Index will rise 14 percent by the end of next year to a record 1,675 ``

Wait a minute, I thought she came out last week and said 1600 SnP by end of 2007, in the Next Six Weeks. LOL.

Mtl JP 19:42 GMT December 4, 2007 Reply   
my 19:40 is for Toronto tn 19:08

Mtl JP 19:40 GMT December 4, 2007 Reply   
you sound like a pigeon manifestation of BLS' price inflation fiction model who parades around on foot hungry.

PAR 19:39 GMT December 4, 2007 Reply   
If Ackermann turns down CEO job at Citi , I think Citi is in worse shape than appears and maybe better to have preferrential shares of citi yielding 11% than to have an account with Citi .

Napoli DC 19:12 GMT December 4, 2007 Reply   
Maribor
hats off for yesterday's call on €

Toronto tn 19:08 GMT December 4, 2007 Reply   
Mtl JP 18:43 GMT December 4, 2007

So inflation is running at 700% over the last three years? Blah, blah blah... whatever dude, keep on truckin'.

Halifax CB 19:08 GMT December 4, 2007 Reply   
Mtl JP 16:42 GMT December 4, 2007
Thx for posting that, especially as it has a link to the major foreign holders of US debt over the last 12 months. (LINK Interesting to see who is dumping how much, and who is accumulating.

madrid mm 19:07 GMT December 4, 2007 Reply   
It really is a Dog's life out there 8-)

"This could only happen in the modern era and it sounds like something out of a movie. An heiress to a real estate fortune has been getting death threats and was forced to move away after fears someone might try to kidnap her. All of which doesn't sound too unreasonable until you find out that "heiress" is a little dog. "

Click here!

I wonder if this dog will play fx and read this Forum LOL

PAR 19:03 GMT December 4, 2007 Reply   
Japan has biggest debt/gdp and worst of all most of their investment consist of Us treasuries yielding less than 4 %, since 10 year japanese bonds yield less than 1.5%. You need to really drink a lot of sake before you buy such an instrument , imho not a single japanese buys jgb s .Maybe they can be of use to David Copperfield in his inflation calculations .

Mtl JP 18:43 GMT December 4, 2007 Reply   
tn 18:31 / Google at 7x just about keeps up with inflation (or dlr's purchasing power erosion after capital gains tax IF one were lucky to get in at the low and sell out at the 7x)

Do not worry about things that can hurt you but which you fail or can not see: they have a tendency to be sudden, ferocious but painless.

Toronto tn 18:31 GMT December 4, 2007 Reply   
Mtl JP 16:42 GMT December 4, 2007

Frankly I fail to see what that has to do with anything. Markets are about making money, not some existential search for metaphysical truth.

madrid mm 18:26 GMT December 4, 2007 Reply   
PAR 18:15 GMT December 4, 2007

You might be right, but how about this one -

A Swiss banker , in charge of the biggest German bank was asked to run a US bank !!!

Ironic, isn t it in today's world !!
LOL

Dec. 4 (Bloomberg) -- Deutsche Bank AG Chief Executive Officer Josef Ackermann turned down an opportunity to pursue the top job at Citigroup Inc., the world's biggest bank, according to a person with knowledge of the matter.

http://www.bloomberg.com/apps/news?pid=20601087&sid=aQgA7nTYKFM8&refer=home

Mtl JP 18:22 GMT December 4, 2007 Reply   
PAR 17:26 / I believe Baron de Rothschild would argue CIA's viewpoint

madrid mm 18:20 GMT December 4, 2007 Reply   
Maribor 18:09 GMT December 4, 2007

So , it is a case of " don t worry, be happy. We are a big familly now ."
8)

LJ BK 17:44 GMT December 4, 2007
LOL, yes ame old story over and over " If i had known..." 8-)

PAR 18:15 GMT December 4, 2007 Reply   
Think european banks are in bigger trouble than the Us banks.

Maribor 18:09 GMT December 4, 2007 Reply   
madrid mm 17:13 GMT December 4, 2007

We used to have more restricted monetay policy with tolars than it is with EUR.

But everybody is happy on our stock market because of more money circling around...

PAR 18:03 GMT December 4, 2007 Reply   
The carry trade is the only financial domino which did not tumble, not yet .. Mainly thanks to Kampo.

GENEVA DS 17:48 GMT December 4, 2007 Reply   
Congratulations Max ... you did it again in JPY today... amazing your accuracy... keep going...
November 28th,108.80 - Dollar has sold-off nicely but Support now around

the 108.00 level to yield corective recovery back toward 111.75 & 112.50

------------------------------------------------------------------------

** ** SUPPORTS ** *** *USD/YEN DAILY VIEW* December 4th, 110.50

Support /1015/0980/0950/ Whilst Resistance around 110.85 contains,

** *** RESISTANCES ** ** yields deeper reaction toward mid 109.00's

Resistance /1055/1085/1120/ before a resumption of recovery to 111.75.

------------------------------------------------------------------------

. *EUROPEAN UPDATE* December 4th, 110.45

Whilst resistance around 110.85 contains yields a deeper test of 109.50.

LJ BK 17:44 GMT December 4, 2007 Reply   
madrid mm 17:31 GMT December 4, 2007

Hehe, I wish I understood markets better 10yrs ago either. I think today r/e is here is in parabolic. And disaster waiting to happen are those so popular swissy housing loans. I can see all those 10 and 15yrs loans turning into 20-30yrs loans at some point once the EURCHF trend reverses. It will be the only solution when masses fail to pay their monthy installments. Housing carry traders :))

madrid mm 17:31 GMT December 4, 2007 Reply   
LJ BK 17:28 GMT December 4, 2007

definetly Spain lookalike .

LOL

Real Estate has been going up between 10-20%/year for the last 10 years in Spain.... I missed it all 8-)

LJ BK 17:28 GMT December 4, 2007 Reply   
madrid mm 17:13 GMT December 4, 2007

These inflation figures are a joke. Believe me it should be well over 10% for the past few years. Although prices are constantly rising, they sometimes publish negative monthly inflation due to seasonal sales of clothing or discounted holiday packages in low season. Another trick is to keep certain prices of goods fixed, that govt has control of and are in the basket for calculation. Real estate doubled or tripled in last ~5 years. That should give you a clearer picture.

madrid mm 17:27 GMT December 4, 2007 Reply   
fwiw , here's a link with a huge number of free online trading-related courses and publications to help .

Click here!

PAR 17:26 GMT December 4, 2007 Reply   
mtl/
You have to relate debt to gdp and then a lot of countries are worse of than usa.

https://www.cia.gov/library/publications/the-world-factbook/rankorder/2186rank.html

madrid mm 17:16 GMT December 4, 2007 Reply   
FLORIDA GB 17:11 GMT December 4, 2007

No 8-) You want me to be in trouble ? LOL

It does not matter if you buy or sell really. As long as you have a plan and GR8 money management in place

madrid mm 17:13 GMT December 4, 2007 Reply   
Maribor, and if you are from Slovenia, you can not imagine how happy I am to see Slovenia having a higher inflation rate than Spain in November 07.

http://www.guardian.co.uk/feedarticle?id=7122807

LOL 8-)

So now I found a new "colleague" on the inflation front
8-)

No regret for the disappearance of the tolars ??
8-)

FW CS 17:12 GMT December 4, 2007 Reply   
Mtl JP 16:42 GMT December 4, 2007
This is addition to the Trade deficit which is about that same amount.

FLORIDA GB 17:11 GMT December 4, 2007 Reply   
madrid mm,
Did you say buy?

madrid mm 17:05 GMT December 4, 2007 Reply   
The "dark force" has been keeping the euro/usd in a very tight range for the last hour or so !!!!

Something is brewing and it is not my coffe that is for sure 8-)

It could be Gisele the top model being paid today...

Maribor 17:05 GMT December 4, 2007 Reply   
GENEVA DS 16:46 GMT December 4, 2007

Can't say anything really new in this moment... USDCAD holding well, maybe we get some overshooting if there are enough sweet orders waiting... however I am surprised by severity of GBPCHF fall(or I overlooked something).

New London NH reader 16:59 GMT December 4, 2007 Reply   
JP you might also target UK consumers who surpass those numbers for the US

PAR 16:54 GMT December 4, 2007 Reply   
Dassault aviation planning to relocate factories out of eurozone due to too strong Euro.

NYC jr 16:47 GMT December 4, 2007 Reply   
jv she may be wrong but i'd assign her at least as much weight as the west coast bond guy or the investment biker.

GENEVA DS 16:46 GMT December 4, 2007 Reply   
Maribor thanks very much for your posts on CAD... REALLY GOOD... where do you see medium term swings in USDCAD and AUDCAD... ... I am sure , you will very soon become the ,,,PAR,,, (JPY...) in CAD.... Good job.... and our job is always in this forum to find the right time for the right people... you are it now... thanks

Mtl JP 16:42 GMT December 4, 2007 Reply   
tn 16:19, concider: National Debt Grows $1 Million a Minute (AP)

Like a ticking time bomb, the national debt is an explosion waiting to happen. It's expanding by about $1.4 billion a day — or nearly $1 million a minute.

What's that mean to you?

It means almost $30,000 in debt for each man, woman, child and infant in the United States. ... the national debt .. stands at .. $9.13 trillion.
-----
as if current tumult in debt did not serve any lesson. I think Baron Guy de Rothschild was, is and will be wrong about his prognosis of national debts.

USA BAY 16:40 GMT December 4, 2007 Reply   
HONG KONG QINDEX,

DR Q, Can you please comment on gbp/aud and gbp/chf pls. tia

Van jv 16:36 GMT December 4, 2007 Reply   
NYC --do not remember Cohen seeing anything else but S&P 500 Rising --perhaps I am biased-anyway weird

HK Kevin 16:31 GMT December 4, 2007 Reply   
Just sold some EUR/JPY at 161.98. Stop at 162.39 and tomorrow target at 160.60.

Maribor 16:30 GMT December 4, 2007 Reply   
I wonder if we will see ~1,002 USDCAD during next few hours...

Toronto tn 16:19 GMT December 4, 2007 Reply   
Mtl JP 15:57 GMT December 4, 2007

So how does your quaint little theory explain goog going up 7 fold?

NYC jr 16:10 GMT December 4, 2007 Reply   
And probably far fewer ron paul liberty dollars at the rate they're going on ebay!

hk ab 16:06 GMT December 4, 2007 Reply   
oil man, if you are around, can you comment on cad path?

hk ab 16:05 GMT December 4, 2007 Reply   
The path of cad might be the prelude of the other cousins....

Mtl JP 15:57 GMT December 4, 2007 Reply   
<<-- NYC jr 15:45 / the way I see it factoring is that a stock costing $100 and later $114 means the purchasing power of each buck went down by that proportional amount.

NYC jr 15:45 GMT December 4, 2007 Reply   
Not sure how this factors in to the ben stein / jan hatzius debate..

Goldman's Cohen Sees S&P 500 Rising 14% by 2008's End (Update3)

By Alexis Xydias and Eric Martin

Dec. 4 (Bloomberg) -- Goldman Sachs Group Inc.'s Chief Investment Strategist Abby Joseph Cohen said the Standard & Poor's 500 Index will rise 14 percent by the end of next year to a record 1,675 ``as recession fears fade.''

``U.S. stocks will offer moderate gains and will dramatically outperform bonds over a 12-month horizon,'' New York-based Cohen wrote in a report today. ``Recession will likely be avoided, due to strength in exports and capital spending by corporations and governments, and thanks to a vigilant and flexible Federal Reserve.''

Gen dk 14:53 GMT December 4, 2007 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

London NYAM 14:52 GMT December 4, 2007 Reply   
Thanks BOC! stopped on CADJPY (108.65) and USDCAD (1.0071)
Now long straight USDJPY 109.65 adding at 109.47 and 109.17 stop 108.78 and 108.30

Hong Kong Qindex 14:48 GMT December 4, 2007 Reply   
USD/CAD : A barrier is expected at 1.0172. The current expected trading range is 1.0129 - 1.0172.

Hong Kong Qindex 14:44 GMT December 4, 2007 Reply   
USD/CAD : The market momentum is strong when it is able to close above 1.0228 in New York.

Maribor 14:43 GMT December 4, 2007 Reply   
USDCAD - would expect sharp selloff after 1,016 to shake out weak longs on route to 1,3.

Hong Kong Qindex 14:42 GMT December 4, 2007 Reply   
GBP/JPY : the current expected trading range is 224.97 - 227.08.

HK Kevin 14:41 GMT December 4, 2007 Reply   
slv sam 14:20 GMT, be kind to your mother-in-law. Otherwise, everyday is a hard day at home even you own the world.

madrid mm 14:41 GMT December 4, 2007 Reply   
PAR 13:18 GMT December 4, 2007

there are so many things i do not get PAR
8-)

slv sam 14:40 GMT December 4, 2007 Reply   
tokyo ginko 14:35 /
if at 1.08 YES ))

Hong Kong Qindex 14:37 GMT December 4, 2007 Reply   
AUD/USD : Anything below 0.8715 in New York closing is not good.

tokyo ginko 14:35 GMT December 4, 2007 Reply   
Congrats slv sam , btw will u be buying back your mum-in-law?

Hong Kong Qindex 14:35 GMT December 4, 2007 Reply   
GBP/JPY : Heading Towards 225.33 // 225.66.

Maribor 14:29 GMT December 4, 2007 Reply   
USDCAD turn 1,016, EURCAD 1,596.

Hong Kong Qindex 14:25 GMT December 4, 2007 Reply   
GBP/USD : The market is dissipating its upward momentum when it is trading below 2.0598.

slv sam 14:20 GMT December 4, 2007 Reply   
slv sam 12:21 GMT November 6, 2007
Sold everything including mother in law and bought usdcad at 0.9248 for long term. stop loss 0.69 otherwise position will keep open till realize profit at 1.05 or 1.08.It is a gamble but worth taking! GT

WOW!
Never though I will achieve my target at this speed!!!GT

Syd .. 14:19 GMT December 4, 2007 Reply   
"Well, well, well the BOC surprised half of the market," writes Divyang Shah of Commonwealth Bank. Now expectations are shaken for the BOE announcement Thurs. Analysts broadly expected a hold, but given financial market turmoil and the BOC decision, a 25bps rate cut seems more possible. Recently, USD/CAD was at C$1.0136 from C$1.0050 earlier Tues and from C$1.0003 late Mon

HK Kevin 14:11 GMT December 4, 2007 Reply   
BOC to follow rate cut. What an awful news for high yield currencies!

Halifax CB 14:10 GMT December 4, 2007 Reply   
PAR 13:18 GMT December 4, 2007
It's just like auto insurance - people who have accidents or moving violations are more likely to have more accidents, so their insurance rates are higher. People at the high end of the interest rates are there because they generally have bad credit ratings, something they have usually acheived through their own choices.

Gen dk 14:10 GMT December 4, 2007 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Hong Kong Qindex 14:05 GMT December 4, 2007 Reply   
EUR/AUD : Short term target 1.7009.

HK Kevin 14:01 GMT December 4, 2007 Reply   
HK Kevin 13:15 GMT December 4, 2007
Guess USD/CAD may not be able to break 1.0070 this week.
Hei Hei, I am wrong.

Syd .. 14:01 GMT December 4, 2007 Reply   
Bank Of Canada Overnight Rate Tgt: Dn 25 Bps To 4.25%

Toronto tn 13:57 GMT December 4, 2007 Reply   
Canada rate decision: be the first on your block to know
Banque du Canada

Hong Kong Qindex 13:55 GMT December 4, 2007 Reply   
EUR/AUD : It is going to tackle the barrier at 1.6880 // 1.6899

Gen dk 13:51 GMT December 4, 2007 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Syd .. 13:50 GMT December 4, 2007 Reply   
Emerging market overseas debt stumbles as concerns about the extent of the credit spread continue to weigh down risk appetite, with some envisaging a harder crunch for the asset class compared with August. "Emerging markets will begin to feel a larger impact during this second phase of the credit crunch as the spillover into risk appetite makes its impact felt in growth and earnings forecasts and commodity prices,"

Hong Kong Qindex 13:47 GMT December 4, 2007 Reply   
EUR/CAD : Heading Towards 1.4909

Mtl JP 13:42 GMT December 4, 2007 Reply   
PAR 13:18 / besides... its legal, while under the level set by usury laws. there.

Syd .. 13:40 GMT December 4, 2007 Reply   
BEIJING (AP)--China said Tuesday it had expressed "grave concern" that the USS Kitty Hawk passed through the Taiwan Strait on its way back to Japan after it was barred from entering Hong Kong for a Thanksgiving port call.

Mainland Chinese authorities reversed their decision but by then the ship was too far out to sea and did not turn back.

Tallinn viies 13:37 GMT December 4, 2007 Reply   
1,4715 taken out. 1,4750/55 38,2% retracement level. next one at 1,4790/95. to turn big bull again I would like to see NYC close over 1,4770/75.
gl

Hong Kong Qindex 13:32 GMT December 4, 2007 Reply   
EUR/GBP : Heading Towards 0.7177.

Hong Kong Qindex 13:30 GMT December 4, 2007 Reply   
EUR/USD : The market may be able to consolidate between 1.4749 - 1.4800.

PAR 13:25 GMT December 4, 2007 Reply   
http://www.bloomberg.com/apps/news?pid=20601087&sid=aEWz6lIRbqE4&refer=home

FREE MARKET, FREE TRADE and LIMITED GOVERNMENT

Mtl JP 13:21 GMT December 4, 2007 Reply   
PAR 13:18 - freemarket

Hong Kong Qindex 13:19 GMT December 4, 2007 Reply   
USD/CAD : Barriers are located at 1.0073 and 1.0136.

PAR 13:18 GMT December 4, 2007 Reply   
I dont get how Countrywide and some of those other companies are allowed to charge their customers 13 to 15% on mortgages while 10 year US treasuries are yielding less than 3.9 % .

HK Kevin 13:15 GMT December 4, 2007 Reply   
Guess USD/CAD may not be able to break 1.0070 this week.

Livingston nh 13:12 GMT December 4, 2007 Reply   
Par - G. William Miller, Arthur Burns etc

PAR 13:08 GMT December 4, 2007 Reply   
Imho under Bernanke FED lost its independence . Wall Street and Washington decide and ... Bernanke just delivers. Never seen just a weak Fed chairman. Best put rates at ZERO to stop the begging for lower rates .

Hong Kong Qindex 13:05 GMT December 4, 2007 Reply   
USD/CAD : It has potential to tackle the barrier at 1.0101 // 1.0228 which is a significant level in my system.

Hong Kong Qindex 12:46 GMT December 4, 2007 Reply   
GBP/USD : Tackling 2.0634 - 2.0649 - 2.0652

Hong Kong Qindex 12:44 GMT December 4, 2007 Reply   
GBP/USD : It is trying to tackle the range at 2.0659 - 2.0680.

Hong Kong Qindex 12:36 GMT December 4, 2007 Reply   
GBP/CHF : It is going to tackle the range 2.3004 - 2.3020.

Hong Kong Qindex 12:26 GMT December 4, 2007 Reply   
USD/CHF : Heading Towards 1.1109

Hong Kong Qindex 12:14 GMT December 4, 2007 Reply   
EUR/USD : The market momentum is strong when it is able to trade above 1.4749.

Gen dk 12:07 GMT December 4, 2007 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

warsaw TOMi 12:07 GMT December 4, 2007 Reply   
warsaw TOMi 08:36 GMT

ride is on track,target still valid

gl/gt

Como Perrie 11:50 GMT December 4, 2007 Reply   
fwiw took off 1/2 eurgbp longs at current

The Netherlands Purk 11:49 GMT December 4, 2007 Reply   
Excuse me, target is 14740.

St. Annaland Bob 11:48 GMT December 4, 2007 Reply   
Purky, don't be too tight with spending pips when Sinterklaas concerned...make the Purktjes happy ;-)

London NYAM 11:46 GMT December 4, 2007 Reply   
Maribor 10:47 GMT December 3, 2007
Subject:
GBPCHF turn 2,338

superb call! 30 pips off the high!

The Netherlands Purk 11:46 GMT December 4, 2007 Reply   
Went long at 14660-70 e/u stop at 40 for 14740. Rangetrader was stopped out... so i guess i was part of the 95% or the 95% was part of me. So i longed doubel at 50, and closed half at 14700, that should teach them...
1/4 closed at 14716. Rest has a ride with stop at 14700 now.
Not always easy and one have to be there to nurture the possies. Target is still 14840, but high can be in place already...

Maribor 11:43 GMT December 4, 2007 Reply   
GBPCHF fell enough for now; next days more.

London NYAM 11:40 GMT December 4, 2007 Reply   
Thanks Caba! Its making up for my long CADJPY ouch.

Philadelphia Caba 11:36 GMT December 4, 2007 Reply   
London NYAM 10:17 GMT
nice call on eur/gbp long!

Maribor 11:35 GMT December 4, 2007 Reply   
EURAUD 1,681 archived...AUDUSD should be interesting buy for next days...to outperform EURUSD, cable and maybe even NZDUSD.

ldn 11:29 GMT December 4, 2007 Reply   

Trust vanishes in UK banking sector

Gen dk 11:27 GMT December 4, 2007 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Hong Kong Qindex 11:23 GMT December 4, 2007 Reply   
EUR/GBP : The market is working on the barrier at 0.7129 // 0.7144.

austin mw 11:22 GMT December 4, 2007 Reply   
London HC 11:14 GMT December 4, 2007
HC, PPI prints 3.3 along with IMF comments
that EUR zone needs to be vigilant on inflation
along with its inability to break 4585/20 support
probably gives pair traction to upside

Gen dk 11:18 GMT December 4, 2007 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

warsaw TOMi 11:16 GMT December 4, 2007 Reply   
HC,

yes I have seen one..at warsaw TOMi 08:36 GMT

London HC 11:14 GMT December 4, 2007 Reply   
Has anyone seen any news causing the eur/usd spike?

Gen dk 11:13 GMT December 4, 2007 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Gen dk 10:53 GMT December 4, 2007 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Hong Kong Qindex 10:51 GMT December 4, 2007 Reply   
EUR/JPY : The followings are still valid :-


Hong Kong Qindex 09:12 GMT December 3, 2007
Subject:
EUR/JPY : Short term targeting points are 160.21 - 160.62.

Hong Kong Qindex 09:06 GMT December 3, 2007
Subject:
EUR/JPY : Heading towards 161.31.


The market is under pressure when it is below 162.23. It is heading towards 161.31.

Como Perrie 10:48 GMT December 4, 2007 Reply   
gbpjpy a deeper move upcoming

Hong Kong Qindex 10:45 GMT December 4, 2007 Reply   
hong kong seek 10:38 GMT - I havn't updated my data file yet, may be later this week.

Syd .. 10:43 GMT December 4, 2007 Reply   
MoneyWeek: Why the Eastern European property bubble is set to burst
It's not just the UK in a property bubble. Investors should steer clear of Eastern Europe, unless of course they want the chance to lose their money in a new exotic location...
http://www.moneyweek.com/file/38834/why-the-eastern-european-property-bubble-is-set-to-burst.html

hong kong seek 10:38 GMT December 4, 2007 Reply   
DR.Q , Could u share view on Silver ?? many ths

Como Perrie 10:35 GMT December 4, 2007 Reply   
cable is strange behaving..guess wants to be sold more ahead of UKs interest rate cut.. 3/4 emergency cut?

London NYAM 10:26 GMT December 4, 2007 Reply   
no prob Dr Q// I have 109.43 pretty close to your fig.

Hong Kong Qindex 10:25 GMT December 4, 2007 Reply   
London NYAM 10:17 GMT - Thank you

Hong Kong Qindex 10:24 GMT December 4, 2007 Reply   
USD/JPY : 109.86 is a significant level in my sytem. The next target is 108.68 when 109.47 fails to hold

Maribor 10:18 GMT December 4, 2007 Reply   
GBPCHF turn little before expected...USDCHF to dive deeply in following days...

London NYAM 10:17 GMT December 4, 2007 Reply   
Hong Kong Qindex 09:03//
I guess you mean 108.xx rather than 118.xx
As i said on Sunday i expect the retracement of dollar yen to go deeper than expected into the 109 area. im looking now to take some longs 109.40 to 50 and again 108.80 stops are below 108.40 for half and 107.15 for the other targeting 113+
Much will depend on whether the equity market (as usual) will have a mid day rally that i am loooking for. or at least will fail to fall significantly. The news is bad too bad.
Added to my CADJPY long at 109.60. thats taking a beating right now and will continue until USDJPY bottoms for its next leg.
EURGBP is doing well as is my short GBPUSD (2.0650 limit at 2.0677 was hit)
USDCAD is banging up and afraid to take on the 1.0060 level and should really retrace soon.
All IMHO.

Hong Kong Qindex 10:14 GMT December 4, 2007 Reply   
USD/CHF : Significant move can be followed when the market is trading below 1.1250.

Gen dk 10:13 GMT December 4, 2007 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Gen dk 09:54 GMT December 4, 2007 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Hong Kong Ahe 09:25 GMT December 4, 2007 Reply   
HK RF@ 09:19 GMT - The bank's analyst saw too much yesterday news/comments from newspapers by cut and paste. So treat it as a conclusion of what has been happened yesterdays to the tommorrow's readers. Forex traders are talking about the "next" in real time frame. GLGT

Syd .. 09:22 GMT December 4, 2007 Reply   
HK RF@ 09:19 when you see the Rock debarcle in the UK definitely

HK RF@ 09:19 GMT December 4, 2007 Reply   
Syd .. 08:54 GMT December 4, 2007
Risk aversion could well rise again, warns RBS. "The risk environment is a little shakier this morning as Libor rates continue to rise............ it adds, noting that the EUR, JPY and CHF should be favored over high yielders.
^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^

I just wonder about these bankers how they reach such conclusions, where the swiss is probably to make a new high close to 1.14 unless he does not consider USD as a high yielder. Indeed banker's eye is different.
--------------------------------------------------------------

Gen dk 09:18 GMT December 4, 2007 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Syd .. 09:07 GMT December 4, 2007 Reply   
GENEVA DS 09:04 agreed, crash bang wallop :-))

GENEVA DS 09:04 GMT December 4, 2007 Reply   
Syd .. 09:01 GMT December 4, 2007
Borrowing costs pile pressure on MPC


very interesting article.... but borrowing Cost are as well exponentionally rising in SPAIN, PORTUGAL, ITALY, FRANCE, GREECE, LATVIA.... etc.etc... watch the bang....

Hong Kong Qindex 09:03 GMT December 4, 2007 Reply   
USD/JPY : 109.86 is a significant level in my sytem. The next target is 118.68 when 109.47 fails to hold

Syd .. 09:01 GMT December 4, 2007 Reply   
Borrowing costs pile pressure on MPC
Britain's businesses are suffering a sudden and dramatic rise in borrowing costs as a direct result of the summer's credit crunch, according to figures which intensify the Bank of England's interest rate dilemma this week.
Figures from the Bank have revealed that the cost of borrowing for the non-financial businesses which employ the bulk of Britain's population have jumped by over 1.5pc points since the summer to almost 8.3pc - the highest level since comparative records began nearly four years ago.
It comes ahead of Thursday's knife-edge Monetary Policy Committee meeting and coincides with a mixed set of data showing that the manufacturing sector is faring better than expected but that high street sales remain weak.
telegraph uk

Syd .. 08:54 GMT December 4, 2007 Reply   
Risk aversion could well rise again, warns RBS. "The risk environment is a little shakier this morning as Libor rates continue to rise, worries over the US/UK property sectors harden, and credit worries threaten to surface once again," the bank warns. "With a light calendar and key releases slated for release later in the week, it's hard to see risk sentiment improving much today," it adds, noting that the EUR, JPY and CHF should be favored over high yielders.

Auckland JJ 08:52 GMT December 4, 2007 Reply   
Looking for any views on the AUS/US and or the NZ/US over the next 48 hours with both CB meeting, look forward to the many replies.

GENEVA DS 08:50 GMT December 4, 2007 Reply   
as said a while ago.... soon every CB in this world will have to LOWER interest rates to zero like JAPAN.... start soon... good luck.... then USD will have a chance to stay at least over water...

Syd .. 08:45 GMT December 4, 2007 Reply   
The turmoil that hit credit markets this summer has increased macroeconomic uncertainties and poses challenges for central banks, Bank of France Governor Christian Noyer said in prepared remarks at a fixed-income conference organized by Euromoney in Paris Tuesday.

warsaw TOMi 08:36 GMT December 4, 2007 Reply   
LONG EURUSD in 4600-50 buy zone, target 4955.

HT

Como Perrie 08:36 GMT December 4, 2007 Reply   
US TREAS'S RYAN: Comments from Paris conference
-- Likely to see more "unforeseen challenges".
-- To take more time for markets to regain confidence
-- Witnessing resurgence of risk eversion.
-- Long, slow repricing ultimately constructive.
-- Need more risk analysis, less risk paralysis.
-- Many regulated US, European institutions "clueless"
-- Many regulated institutions underestimated all risks.
-- Private investors must understand the risks.
-- Repricing evidence of market discipline in action.

that said, have a good day ahead.

bi

Syd .. 08:29 GMT December 4, 2007 Reply   
EUR/USD Priming For A Fall - RBS
EUR/USD has found temporary support in the 1.4620-1.4590 area, and above here consolidation is likely up to 1.4750, says Royal Bank of Scotland. However, the bank says this price action is just priming the rate for its next fall, which should take out the 1.4590 support and then head toward 1.4355 and 1.4165.

Como Perrie 08:27 GMT December 4, 2007 Reply   
The UK Debt Management Office today setting new taps. There were interesting moves on the back of recent increased speculation that the next move in UK rates is likely to be lower -- as soon as this week's MPC meeting.

Syd .. 08:22 GMT December 4, 2007 Reply   
GBP's recent bounce is unlikely to last. Even if the Bank of England doesn't cut interest rates later this week, pressure for lower rates are only likely to grow with some suggesting a 75 basis point reduction is now appropriate.

Como Perrie 08:18 GMT December 4, 2007 Reply   
ECB NOYER: Financial turmoil has created macro economic uncertainties.
- We are facing a huge shock in financial markets

Como Perrie 08:13 GMT December 4, 2007 Reply   
Yen onto strenghtening mode apparently...

in the midst lowered eurgbp stops .7120, maybe considering reversal later on

Syd .. 07:41 GMT December 4, 2007 Reply   
Tension in the euro money market remains high, and UniCredit expects a new ECB liquidity injection "quite soon." At 0730 GMT, 3-mo Euribor traded at 4.76%-4.86%, a 6.5-year high

Syd .. 07:39 GMT December 4, 2007 Reply   
Tesco Fin Director: Concerns About Inflation "Overblown

: Next UK Interest Rate Move Should Be A Cut

HK RF@ 07:30 GMT December 4, 2007 Reply   
HK Kevin 07:25 GMT December 4, 2007

I am eyeing from here about 3% decline in the price of the CHF, there will have to see the situation B4 taking any action. GL/GT

HK Kevin 07:25 GMT December 4, 2007 Reply   
HK RF@ 07:16 GMT, thanks. Whenever USD/JPY may do, lucky again I have stolen ~100 pips from short this pair at 111.12 Fr and covered near yesterday low.

HK RF@ 07:16 GMT December 4, 2007 Reply   
HK Kevin 03:48 GMT December 4, 2007

You made a good point!!! On top of that ,other chart formations are not supporting yen bullishness for the moment.
I turn myself blind to fundamental analysis this moment which support bullish yen. Tech. show that yen may be heading for lower prices for the next days. I am eyeing now the CHF as the preferred investment because of possible military actions in the middle east. In that case the yen will go to the toilet as Japan depends 100% on oil importation...Swiss will then talk. But the CHF has still way to go down, so that what has to be observed.

madrid mm 06:54 GMT December 4, 2007 Reply   
And the Chinese could be interested in .....

Dec. 4 (Bloomberg) -- Chinese steelmakers, the largest buyers of iron ore, and the government are studying a joint bid for Rio Tinto Group, countering a $134 billion offer from BHP Billiton Ltd.

Now we are talking !!! 8-) And i thought small was beautiful ...

madrid mm 06:49 GMT December 4, 2007 Reply   
And It is bank of Canada day !!!

To cut or not to cut, that is the...... 8-)

I have a consensus of no change @ 4.50%

madrid mm 06:45 GMT December 4, 2007 Reply   
* Fed Yellen - Has open mind on December FOMC meeting in terms of policy andimproving liquidity provision, housing problem will get worse if nothing done,Paulson steps will be helpful, exports bright spot in economy, downside risksto economy highlighted, Q4 growth "meager" - Reuters.

* Fed may be mulling further cut to discount window rate - DowJones.

* UK Treasury, BoE working on Northern Rock contingency plans - Financial Times.

* Japan EcoMin Ota - Looking into steps to alleviate pain of high oil pricesespecially on small/medium-sized firms - DowJones.

* FinMin Nukaga - No fresh bond issuance to fund high-oil steps, too early tosay if bond issuance next fiscal year will rise - DowJones.

* US Nov light vehicle sales -1.6% at 1.179 mln units, annual rate 16.21 mln.

* UK Nov BRC same-store retail sales +1.2% y/y, total sales +3.1%, +3.8% eyed.

* German FinMin Steinbrueck - Upward pressure on EUR to continue, disorderlyadjustment-unwinding seen now, Feb G7 may have more stringent language - RTRS.

* EU Alumnia - EZ economic growth likely to miss EU forecast - Bloomberg.

* France raises E3.7 bln on sale of 2.5% stake in Electricite de France.

* Australia Oct retail sales +0.2% m/m, +0.5% eyed, trend +0.7%, Sep +0.7%.

* Australia Oct residential bldg approvals -2.8% m/m, -5.9% y/y, private-sectorhouses +0.9%, value of bldg approvals +14.8%.

* Australia Q3 government final consumption +1.7% q/q, gross fixed CAPEX -1.8%.

* Australia ABARE raises cereal crop forecasts for FY "07-08.

* NZ fin"l industry profits slow, recent collapses signal change - KPMG survey.

* NZ Nov new car registrations -15% m/m, +7% y/y.

[GMT]
[Events]

08:00 EcoFin meeting.
14:00 Bank of Canada interest rate decision.

[Currency Summaries]

[USD/JPY] and JPY crosses did not do a whole lot in Asia, holding in tightranges. USD/JPY looks to be under some fresh pressure this afternoon with specseyeing stops below 110.00. From an early high of 110.54, it has traded down to110.15 at writing. 110.13 was the low last night and there is talk of a line ofbids in the 110.00-10 area with stops below. More bids are seen below however,trailing down to 109.70-80. More stops are eyed below this level. [EUR/JPY] traded a161.54-162.13 range with specs initially fading the move up and more recentlymoves down, essentially trading the range. [GBP/JPY] traded a 227.40-228.30range.

[EUR/USD] opened at 1.4670 in Asia and traded a 1.4645-75 range. It was cappedby light EUR/JPY sales early and consolidated around 1.4660 in the afternoon.Volume was light trading lackluster with little to focus on. Some stops are seenas close as the 1.4640 level but bids trail down to 1.4600. More stops are seenbelow. Topside, offers are seen from 1.4680 and trail higher. Stops are mixed in above 1.4700 though more offers are seen above at 1.4715-25 with the 20 daymoving average at 1.4717, a level which capped the bounce in Europe overnight.
Stops are eyed above 1.4725.

[GBP/USD] opened in Asia at 2.0650 and traded very quietly in a 2.0627-55 range.BRC same-store sales was weaker than expected and helped cap the upside despitea soggy USD and talk of stops above 2.0730. Offers were seen ahead around
2.0700. [EUR/GBP] opened at 0.7103 and traded down from an early high of 0.7109to 0.7099. Hedge funds and CTAs were notable sellers with stops under 0.7100taken out. Offers have been lowered in the cross to the 0.7135-45 level andthere is talk of more stops trailing down from 0.7080 to 0.7040. Bids from
bargain hunters are seen from 0.7035 however, a key support.

[USD/CHF] did little in Asia, holding quietly in a 1.1268-94 range.

[Other Asset Markets]

[The Nikkei] saw modest losses today with these losses widening in theafternoon. From an early high of 15,683.18, it fell to15,446.47. Going into theclose, it is indicated at 15,496.76, down 132.21 points or 0.85% on the day.

[TOPIX] is indicated at 1518.09, down 14.07 or 0.92%. Other Asian bourses in theregion were mixed on the day.

madrid mm 06:29 GMT December 4, 2007 Reply   
hello and gm fx trader
8-)

US CA 06:28 GMT December 4, 2007 Reply   
Hi Friend...

Does anyone of u have tried this software as they claimed to be profitable...?

www.winningsolution9.com

Please update me if any of u have been using this...

Syd .. 06:23 GMT December 4, 2007 Reply   
UK restaurant owners face up to bleak 2008
Shares in UK restaurant owners were slammed this morning after The Clapham House Group, owner of the Gourmet Burger Kitchen and Tootsies chains, warned that British consumers are slashing their spending.
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/12/03/bcnclap103.xml&CMP=ILC-mostviewedbox

Syd .. 06:01 GMT December 4, 2007 Reply   
Australian Dollar Lower On More Soft Economic Numbers
The Australian dollar ended weaker Tuesday as another batch of soft domestic economic data prompted traders to sell the currency, on expectations the nation's economy might be hitting some headwinds.

Weaker-than-expected retail spending and house construction approvals data for October have added to a string of soft economic numbers that have been released in recent weeks.

While most economists still forecast a Reserve Bank of Australia interest rate hike early next year, the figures have somewhat tempered an otherwise bullish economic outlook for the country.

Syd .. 05:26 GMT December 4, 2007 Reply   
MARKET TALK: USD/JPY Down As Non-Japan Names Sell; 110 Support

ABHA FXS 04:29 GMT December 4, 2007 Reply   
USA BAY 01:05

GBPAUD TRADE NBR [05]
TARGET 2.3966
TARGET 2.3823
TARGET 2.3680
[[[[ BUY LIMIT AT 2.3537 ]]]]
[[[[ SELL LIMIT AT 2.3367 ]]]]
TARGET 2.3224
TARGET 2.3081
TARGET 2.2938
HAPPY TRADE........ABHAFXS

Syd .. 04:17 GMT December 4, 2007 Reply   
Some players purchased overnight USD put/JPY call options with $150 million face value, 110.10 strike at 14%, options dealers say. Suggests those players think USD/JPY may fall below this level in very near term.

HK Kevin 03:48 GMT December 4, 2007 Reply   
HK RF, how do you see the ourtside bar in the weekly chart of USD/JPY? It seems a bottom has been formed at 107.27.

jkt brownist 03:40 GMT December 4, 2007 Reply   
Any view for GBP tday?
Ty

Syd .. 03:13 GMT December 4, 2007 Reply   
Jihadi terrorism and China are business threats

British business was warned to raise its security level amid signs that the threats of terrorism and industrial espionage are increasing.

A major report warns that home-grown Islamist extremism "presents an unprecedented threat" to businesses, while at least two major UK companies have reportedly faced acts of espionage linked to the Chinese government.

Analysts said the hacking into computers was likely to have been attempts to steal secrets that would give the Chinese authorities the upper hand in negotiations for contracts. Shell declined to comment and Rolls-Royce did not return calls.
telegraph UK

Syd .. 03:07 GMT December 4, 2007 Reply   
USD/JPY could fall to 98.00 by end-March, without help from Japan's FX authorities, government, says JPMorgan Chase Bank chief FX strategist Tohru Sasaki. Level marks sharp downward revision by bank, which previously forecast pair at 113.00 at end-March. "We believe the odds of the Japanese Finance Ministry conducting intervention ... are less than 5%" until pair reaches 98.00. Japan, which as part of G-7 has been calling for more flexible CNY, probably won't feel like intervening, he says.

found frrom last week

Syd .. 02:31 GMT December 4, 2007 Reply   
Bank of Canada likely to cut interest rates by 25 bps, says JPMorgan Chase Bank currency strategist Junya Tanase. Adds "given the current U.S. economic slowdown and the overall tightening of financial markets due to credit markets tightening", BOC likely to cut overnight rate to 4.25% from 4.50%. BOC's rate decision due 1400 GMT, a rate cut likely to weigh on CAD.

Syd .. 02:22 GMT December 4, 2007 Reply   
Credit squeeze piles on the pain
The shadow of the property crash of the early 1990s is looming over the industry as deal volumes collapse to a third of their previous level and property funds take further drastic steps to prevent a liquidity crisis.

Deutsche Bank was the latest fund manager to alarm the sector as it told investors in its RREEF UK core real estate funds – worth £1.3bn – that they would have to wait up to a year to sell units
LINK

Syd .. 02:05 GMT December 4, 2007 Reply   
AUD/USD down today but off lows after weaker than expected October retail sales data, with selling tone likely to remain heading into European hours, raising risk of pair testing 0.8720 level, says Macquarie Group strategist Jo Masters. Notes pair has broken key 0.8750 support level, next key level 0.8720. Says after that, pair could dip to 0.8650, with selling broadbased: "Perhaps the Australian economy has come off the boil a bit in the fourth quarter." AUD/USD now 0.8741

Syd .. 02:03 GMT December 4, 2007 Reply   
If the RBA raise rates here we will see the situation the UK is having quite quickly !!

Rate rises hit borrowers on city fringes
AS many as 5 per cent of households in some southwest Sydney suburbs are more than one month behind in their mortgage payments as rising interest rates hit the hip pockets of lower income earners.

A study of one million Australian home loans by Fitch Ratings has found households most likely to be in arrears on their mortgages were located in the outer suburbs of the capital cities
http://www.theaustralian.news.com.au/story/0,25197,22839702-25658,00.html

Syd .. 01:53 GMT December 4, 2007 Reply   
Locked in the property fund trap
http://business.timesonline.co.uk/tol/business/money/funds/article2982927.ece

Syd .. 01:47 GMT December 4, 2007 Reply   
House prices 'will plummet by 10pc over the next year', says banking chief economist

http://www.dailymail.co.uk/pages/live/articles/news/news.html?in_article_id=499482&in_page_id=1770&ct=5

Syd .. 01:46 GMT December 4, 2007 Reply   
Australian Consumers Catch Chill As Sales Slow
Signs of a possible cooling off in the Australian economy emerged Tuesday in the shape of sluggish retail sales and a bigger-than-expected slide in building approvals in October.

Evidence of a chill running through consumer demand comes after an interest rate rise in August, financial market upheavals on Wall Street, rises in oil and food prices and uncertainty ahead of a federal election.

Australian retail sales rose a lower-than-expected 0.2% to a seasonally adjusted A$19.88 billion in October from A$19.84 billion in September and rose from A$18.51 billion a year earlier, the Australian Bureau of Statistics said Tuesday.

Economists surveyed ahead of the announcement on average had expected a 0.5% rise in sales for October. Sales had risen 0.7% in September on month.

Had it not been for a record 7.0% rise in recreational spending in October, the broader sales result would have been flat, economists said.

Meanwhile, the total number of houses and apartments approved for construction fell a seasonally adjusted 2.8% in October from September, the bureau said.

Economists had expected on average that total residential building approvals fell 1.0% from the month before.

With the policy-making board of the Reserve Bank of Australia meeting Tuesday to discuss interest rates, economists are more convinced the central bank will stay sidelined at least until February.
The Australian dollar was savaged after the data, falling half a U.S. cent to around US$0.8750 while Australian government bond prices were sharply higher. At 0130 GMT, the Australian dollar was trading at US$0.8740.

Syd .. 01:32 GMT December 4, 2007 Reply   
China Think Tank: Forecast 2007 GDP Up 11.6%
Forecast 2007 CPI Up 4.5%

USA BAY 01:05 GMT December 4, 2007 Reply   
ABHA FXS,

Hi ABHA,

Any outlook on gbp/aud pls. tia

ABHA FXS 01:05 GMT December 4, 2007 Reply   
NZDJPY TRADE NBR [07]
TARGET 89.08
TARGET 87.78
TARGET 86.48
[[[[ BUY LIMIT AT 85.18 ]]]]
[[[[ SELL LIMIT AT 83.48 ]]]]
TARGET 82.18
TARGET 80.88
TARGET 79.58
HAPPY TRADE........ABHAFXS

ABHA FXS 01:04 GMT December 4, 2007 Reply   
GBPCHF TRADE NBR [06]
TARGET 2.3831
TARGET 2.3677
TARGET 2.3523
[[[[ BUY LIMIT AT 2.3369 ]]]]
[[[[ SELL LIMIT AT 2.3199 ]]]]
TARGET 2.3045
TARGET 2.2891
TARGET 2.2737
HAPPY TRADE........ABHAFXS

Syd .. 00:49 GMT December 4, 2007 Reply   
Weaker than expected Australian retail spending in October due to "idiosyncratic factors", not necessarily broad-based slowdown in retail momentum, Macquarie Bank senior economist Brian Redican says; adds annual retail trade growth still very strong. Impact on RBA rates outlook limited. "Consumer spending is still extraordinarily strong, so it's still a case for raising rates rather than doing anything else."

melbourne saint 00:46 GMT December 4, 2007 Reply   
AUD 8742 is 38.2% of weekly Fib

USA BAY 00:43 GMT December 4, 2007 Reply   
UD/USD Dips On The Softer Data Sydney December 4. The AUD/USD has dipped from 0.8795/98 to test 0.8757 in response to the softer than expected retail sales and building approvals, which reinforces the view that rates will remain on hold tomorrow. Markets are thin, which exaggerates volatility. Initial support comes in around 0.8675/85, the daily range low in late November and the 100 day moving average, while resistance now starts at 0.8800, just above the price before the data release. The AUD/USD trades 0.8758/63

StL SAJ 00:42 GMT December 4, 2007 Reply   
melbourne saint -- For those of us not familiar with housing values in Oz, could you add a little commentary, pls? TIA.

melbourne saint 00:40 GMT December 4, 2007 Reply   
19:30ET AUSTRALIA OCT PRIVATE-SECTOR HOUSE APPROVALS +0.9 PCT M/M, S/ADJ [RTR]
19:30ET *DJ Australian Oct Value Of Bldg Approvals +14.8% On Mo

AUD -40 on news