Forex Forum Archive for 12/07/2007

Gold Coast RC 23:03 GMT December 7, 2007 Reply   
From Herb Greenberg behind the first loan is the second morgage
blogs.marketwatch.com/greenberg/

StL SAJ 20:51 GMT December 7, 2007 Reply   
Interesting little late rally in cable. Looks very temporary to yr hmbl srvnt. Any thoughts, anyone?

dc CB 20:38 GMT December 7, 2007 Reply   
Flash video. WallStrip.

http://bigpicture.typepad.com/

gw all.

PAR 19:41 GMT December 7, 2007 Reply   
Paulsons upbeat comments on Us economy and clarification of subprime plan boosting Us stockmarkets and helping carry trades .

The Netherlands Purk 19:23 GMT December 7, 2007 Reply   
Well for the ranger the 3 patterns in pattern 3 where completed. I skipped the first pattern (14704) because the range was only 40 at the time. I have the feeling that e/u can go a bit lower than 145 handle, feelindicator measures that. we shall see what happens next week, range will var from day to day, and differences might be bigger each day. Just watch, be alert on timeframes and x-mas will be good.
Cheerio all.

Como Perrie 19:05 GMT December 7, 2007 Reply   
US DATA: This week, the NY Post noted that home ownership peaked at 69.2% in 2004 and was 68.2% at end of Q3 as per the Census Bureau data.
The NYP says however that this data "masks a much larger plunge in the amount of equity homeowners hold." "This figure, equal to the percentage of a home's market value minus mortgage related debt, fell to an average of 51.7% at the end of Q1, down from 62% at the end of 1990, the Federal
reserve reported, even as the average home value surged 139% during that period." The NYP points to economists who maintain that home-equity holdings will drop below 50% by end of next year - which would be first time ever that homeowners owe more than they own - since Fed started keeping records in 1945. Their concern would appear well founded in light of Thursday's Q3 Flow of Funds report from the Fed, showing that homeowner's equity as a percent of real estate value fell to 50.4% in Q3
from 51.1% in Q2 - the lowest ratio on record.

London NYAM 18:36 GMT December 7, 2007 Reply   
yu yu//221.50 if the 227.05 high holds
Bay//stop raised to .7199 target .7264-97 so far.

USA BAY 18:19 GMT December 7, 2007 Reply   
LONDON NYAM,

Any view on eur/gbp. tia

Gen dk 18:09 GMT December 7, 2007 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Atlanta South 18:02 GMT December 7, 2007 Reply   
madrid mm
Not only are you full of good tech info sources, now your full
of good humor. You are adding a new twist to the usual twisted Friday follies. Have a good weekend & gt.

PAR 18:01 GMT December 7, 2007 Reply   
http://money.cnn.com/news/newsfeeds/articles/newstex/AFX-0013-21521163.htm

Brunei Yu Yu 17:56 GMT December 7, 2007 Reply   
London NYAM
Forget to ask what is yourtarget for shorting gbpjpy TIA : )

Hong Kong Ahe 17:52 GMT December 7, 2007 Reply   
Moody's downgrades Citi subprime deals
And in anticipation of more delinquencies and foreclosures in the U.S. housing market, Moody's said it is considering further downgrading five of the mortgage-backed tranches, and putting seven others on review for a possible downgrade.

madrid mm 17:49 GMT December 7, 2007 Reply   
TIME TO LAUGH -

At a country-club party a young FX TRADER was introduced
to an attractive girl. Immediately he began paying her court
and flattering her outrageously. The girl liked the young
man, but she was taken a bit aback by his fast and ardent
pitch. She was amazed when after 30 minutes he seriously
proposed marriage. "Look," she said. "We only met a half
hour ago. How can you be so sure? We know nothing about each
other." "You're wrong," the young FX TRADER declared. "For
the past 5 years I've been working in the FX firm
where your father has his account."

Have a gr8 w/e

Como Perrie 17:45 GMT December 7, 2007 Reply   
Geneva 17:32 GMT December 7, 2007

anything might be imvho also the fundamental situation does not give older patterns much of consistency imo... guess we need more time to see the whole more complex picture to show out...

next year to me is a wildcard, where most economists/forecasters will fail predicting...but do not want to sound bold with my next year vies as they might change as the global thing develops


gl so far with your longs

PAR 17:42 GMT December 7, 2007 Reply   
Again a great week for Us stock markets. One must admit Paulson is doing a good job. Have a nice weekend .

Como Perrie 17:40 GMT December 7, 2007 Reply   
US TSY/CHINA: Envoy Holmer said it is in China's interest to allow fx appreciation and the need for appreciation is greater now.

Atlanta South 17:33 GMT December 7, 2007 Reply   
Commo Perrie
{Ref:16:42 & 16:50} Tks for your views. Gt

Geneva 17:32 GMT December 7, 2007 Reply   
Como Perrie 16:32 GMT December 7, 2007

I think we saw the low. We never closed inside the longterm trend line, The trende is up. Jim Rogers will loss a lot.
I think the US dollar is at very important low and have very nice days ahead.

Mumbai NS 17:25 GMT December 7, 2007 Reply   
Forgot to add the most important thing u have to pyramid ur t/p also in this pair once it moves ur way or else mtm profits vanish in thin air in this pair pretty sharply gud w/e to all gl gt

HK Kevin 17:22 GMT December 7, 2007 Reply   
Hong Kong YH 16:55 GMT, try to avoid sitting in front of the screen after entering a trade. Of curse, it's only suitable for mid (1 day to 1 week) or long term traders

London NYAM 17:18 GMT December 7, 2007 Reply   
NS// exactly! or if your pockets arent deep then the leverage should be tiny.
YH// its fine. im selling again at 111.90 stop for the last one (half) (111.55 average) is at 112.11.
Not really worried. if it doesnt work and goes straight through to my 113.20-60 target i will be dissappointed but it is another opportunity. Equities are still in lala land but the weekend can have a way of tempering Friday moves.

Como Perrie 17:16 GMT December 7, 2007 Reply   
Usd/Cny Cny should appreciate 10-15 pct into 2008.

Mumbai NS 17:03 GMT December 7, 2007 Reply   
Stg/yen being the type of pair it is pyramiding of positions is a highly favorable proposition as NYAM has suggested otherwise more often than not ur stops will be triggered and t/p will be very few ....in the previous rally also i had split my trades in this pair rite from 225.34 to 229.30 but u shuld be clear in the mind of lvls where u propose to buy or sell as later when it moves according to the directional call it is the most exhilarating experience but this strategy does not payoff well in other pairs at times but here more often than not it is a successful strategy as long as u are clear in ur mind of stop which u have defined and also u shuld have decent pocket size otherwise better avoid this pair gl gt

Brunei Yu Yu 16:56 GMT December 7, 2007 Reply   
London NYAM

Ok thanks for the view. Hope the 227.10 will not get breached later : )

Hong Kong YH 16:55 GMT December 7, 2007 Reply   
London NYAM 16:42 GMT December 7, 2007

how's your USD/JPY @ 111.67? are you planning to quit? tonight DJI is up, so not good for short

Como Perrie 16:50 GMT December 7, 2007 Reply   
Atlanta South 16:36 GMT December 7, 2007

For today maybe good to quit some longs ahead of Trichet speech next hour

Como Perrie 16:42 GMT December 7, 2007 Reply   
Atlanta South 16:36 GMT December 7, 2007

ECB will defend again against too high levels. All levels towards previous highs if seen are sell point imvho. Also next week the euro to me has to be more sold than bought in any case.

London NYAM 16:42 GMT December 7, 2007 Reply   
yu yu// What i do is take out 2/3 to 1/2 of a position on a breach of a major level (say 227.05/10) then look to reshort with the next level (227.60-90) that way im still in if the move fails and i lower my loss if we keep going. But it works best if you plan three or four moves in advance. g/j will get nailed but it may take time to catch up to the equities and seeing as its Friday it may do wierd things into the close.

Atlanta South 16:36 GMT December 7, 2007 Reply   
Will the elusive 1.5000 E/$ level be seen before years end? Any views on this is most welcomed. Gt

Brunei Yu Yu 16:36 GMT December 7, 2007 Reply   
LONDON NYAM

Thanks for the view coz at this moment going short at 226.70 and I looked at the R3 point was at 227.07

Syd 16:34 GMT December 7, 2007 Reply   
Five major problems in national economy next year
China's just concluded economic conference identified five major problems in the national economy in a bid to better steer the country's economic growth in the coming year.
http://www.chinasecurities.com.cn/english/ei/200712/
t20071206_1256688.htm

London NYAM 16:34 GMT December 7, 2007 Reply   
Hi yu yu//227.10 then 227.98 then 228.61 and finally 229.56. Mine are split over my positions so i will always have a short but will lighten up as we/if we go through those levels. Also will depend on your risk parameters.

Como Perrie 16:32 GMT December 7, 2007 Reply   
Geneva 16:29 GMT December 7, 2007

:) why not 250, after drops 100 first more likely but

Brunei Yu Yu 16:30 GMT December 7, 2007 Reply   
London NYAM do you have a view for stop loss for the gbpjpy at this moment TIA

Geneva 16:29 GMT December 7, 2007 Reply   
GENEVA DS 15:18 GMT December 7, 2007

Dollar/jpy to 160 in the years to come.

GL

Como Perrie 16:28 GMT December 7, 2007 Reply   
imo high likely eurusd to get sold off into next week sometime.

glgt

Como Perrie 16:25 GMT December 7, 2007 Reply   
Also at 1200 ECB's Trichet Speaks

but am not going to listen much of him for now as had flattened down most the whole line...

as you know there's the w/e approaching :)

Como Perrie 16:19 GMT December 7, 2007 Reply   
I'll just watch those US - China press at 12 and then switch off. Maybe market is going to cool down ahead of FEDs next tuesday, even if monday is interesting the Pending Home Sales data to get a closer look. Somehow Greenspan has also said It to drop It further and confirmed many consumers will live tragic times most probably.

London NYAM 16:18 GMT December 7, 2007 Reply   
GBPJPY fib extension potential: putting some shorts at the cluster 227.60-92 and 228.45-58 with an outside shot at 229.18-32.

Syd 16:15 GMT December 7, 2007 Reply   
North to suffer most in house price freeze
http://www.telegraph.co.uk/money/main.jhtml;
jsessionid=ZSU1RD2402WGRQFIQMFCFF4AVCBQYIV0?xml=/money/2007/12/07/bcnhbos107.xml

Como Perrie 16:08 GMT December 7, 2007 Reply   
London NYAM 16:02 GMT December 7, 2007

Well the bearish side of mine is very aware of the 2008 year risks of sharp selloffs. Time will tell as usual.

Just wondering where they will handle so to absorb an ever most needed long term counter reaction.

So hence better spare room for cuts into next year and be happy with what they did to solve the current years problems.

Hong Kong Qindex 16:07 GMT December 7, 2007 Reply   
AUD/USD : The market can easily move between 0.8783 - 0.8826. A projected supporting range is expected at 0.8632 - 0.8644. A barrier is located at 0.8712 - 0.8720. Speculative selling pressure will increase when the market is trading below 0.8609.

ldn 16:04 GMT December 7, 2007 Reply   

Wealthy foreigners set to quit UK over tax

London NYAM 16:02 GMT December 7, 2007 Reply   
Perrie/Yes I was wondering about that myself >>>over there

The possibility that what the treasury giveth the Fed taketh away. Ie the Paulson plan in exchange for no rate cuts. If they beleieve that they have struck at the core of the problem then they will not need to cut and bail out the banks. win-win....except for the financials of course (and equities). Then its a waiting game into 1st quarter next year...Did it work? We shall see but I doubt it will address the fundamental overstretch of the US consumer.

FW CS 15:59 GMT December 7, 2007 Reply   
saopaulo cg 15:18 GMT December 7, 2007
So I guess that means to be LONG Yen crosses. i.e. do the opposite of what GS recommended.

Como Perrie 15:58 GMT December 7, 2007 Reply   
London NYAM 15:37 GMT December 7, 2007

also doubt FED to cut next tuesday, maybe next year more likely imvho

Hong Kong Qindex 15:53 GMT December 7, 2007 Reply   
GBP/USD : Speculative selling pressure will increase when the market is trading below the barrier at 2.0236 // 2.0347 and the downside targeting range is 1.9902 - 1.9911.

Syd 15:52 GMT December 7, 2007 Reply   
KEY EURO-ZONE DATA: German ZEW To Fall Further In December

Como Perrie 15:52 GMT December 7, 2007 Reply   
London NYAM 15:37 GMT December 7, 2007

Yeap also the Roosvelt Saudi agreement from the 1945 has ended

Syd 15:51 GMT December 7, 2007 Reply   
Paris ib 14:34 fixed it I had problems with Java , no sleep tonight have the weekend for that :-)) actually dont sleep much

London NYAM 15:37 GMT December 7, 2007 Reply   
Perrie/i am in complete agreement regarding long term cycles. Most people compare 2001 with 1929 which i believe was an incorrect overlay. 2001 was more like 1921/22 the rest you know. gtgl to you.

Como Perrie 15:32 GMT December 7, 2007 Reply   

London NYAM 15:28 GMT December 7, 2007

interesting tks..

was just observing some very long daily Dow Jones charts, look at the interesting structure developed from 1987... looks complete more or less


If am right Dow Jones might fall abruptly somewhere 10.700 to some 9K

It also fits long term cycles and election cycles..also oil, war economic slowdown will show some into next year sharply for what am looking at


gt and tks

London NYAM 15:28 GMT December 7, 2007 Reply   
1510 was the .618 retrace for S&P from the October highs to the last swing low... its holding pretty well so far.

London NYAM 15:25 GMT December 7, 2007 Reply   
Hi Perie//It looks to me like its just about completed 5 waves. It could be wave 1 or wave A (being generally bearish i suspect its a wave A so we fall from here to 1445 and 1471 before rallying again perhaps starting in the first days around the new year. But trading wise i am short S&P now.

Como Perrie 15:19 GMT December 7, 2007 Reply   
GENEVA DS 15:18 GMT December 7, 2007

They said a hike is almost certain next meetings, as inflation there has risen.

saopaulo cg 15:18 GMT December 7, 2007 Reply   
interesting coments of Goldman Sachs Jim O'Neill in bloomberg.com- Around the middle of the interview, he also recomends to be short gbpjpy. gtgl

Como Perrie 15:18 GMT December 7, 2007 Reply   
London NYAM 15:11 GMT December 7, 2007

what was your S&P view if time nyam

GENEVA DS 15:18 GMT December 7, 2007 Reply   
Philadelphia.... do not know... I think EURJPY is gonna rise the same time EURCHF is gonna sink... JPY probably much lower soon.... JAPAN next to lower rates.... imho.... haha

Como Perrie 15:16 GMT December 7, 2007 Reply   
Maybe Dow ahead of FED next tuesday to withhold levels between 13500 to 13400

Como Perrie 15:12 GMT December 7, 2007 Reply   
FED cut expectations chances lower. Also they can't cut so easily anymore as other imbalances might develop dangerously. imo Interesting next week will be so far.

London NYAM 15:11 GMT December 7, 2007 Reply   
Woke up and got hit with my second line of soldiers at 111.67 like kevin and sold some gbpjpy at 226.46 like cg. Gbpusd is confirming itself as a corrective wavelet as it meanders weakly back and forth, so its just a matter of time before that breaks with still some potential for that move over 2.04 but its looking less and less likely. usdjpy still has some fight left but each battle is taking more and more out of it as you can see from the momentum. gbpjpy once again it looks like it is just coiling its way up so it can get double teamed by both sides...that may end up being the best trade comming to fruition on monday or tuesday i suspect.

Como Perrie 15:04 GMT December 7, 2007 Reply   
US - 1y inflation expectations rises 3.5% vs 3.4% in Nov.

Philadelphia Caba 15:04 GMT December 7, 2007 Reply   
One German bank reportedly recommends long eur/gbp towards 7200 for 7500..

Como Perrie 14:57 GMT December 7, 2007 Reply   
oil was back into 89 bit earlier...in general this will hold economies to down overtime

Philadelphia Caba 14:56 GMT December 7, 2007 Reply   
GENEVA DS 14:49 GMT
eur/chf at 1.5850..only with sharp unwinding of carry, imo.

Hong Kong Ahe 14:54 GMT December 7, 2007 Reply   
Drat, Gold drop in speed pace but AUDUSD still holding without a move at high level. GLGT

Como Perrie 14:52 GMT December 7, 2007 Reply   
Chicago PMI seen at 76 previous 52.9

and Michigan consumer indx..

both of lesser importance in general.

Como Perrie 14:49 GMT December 7, 2007 Reply   
12.00pm US Treasury China envoy Holmer pre-SED press briefing

GENEVA DS 14:49 GMT December 7, 2007 Reply   
Geneva... thanks for EURCHF-opinion, personally I would say as well that this zone around 16600 ish, can be the turning point and a quick move down to 15850 should be seen now... change only over 16700... which is unlikely now... thanks for all... I keep my positions in MXN-CAD.... there is good money to be made... with AMERO coming.... doll-MXN down to 10.00 and USDCAD up probably to 11800 .... g wk

Como Perrie 14:43 GMT December 7, 2007 Reply   
at 12 later on there's some interesting press from US China talks envoy

madrid mm 14:33 GMT December 7, 2007 Reply   
in +/- 30 minutes,

- Consumer Sentiment
Consensus 76.0

"Consumer spending accounts for more than two-thirds of the economy, so the markets are always dying to know what consumers are up to and how they might behave in the near future." bloomberg.com

Syd .. 14:33 GMT December 7, 2007 Reply   
Can everyone see the ticker above ???

madrid mm 14:30 GMT December 7, 2007 Reply   
Only small ones so far today on EURO/US$
8-)

madrid mm 14:29 GMT December 7, 2007 Reply   
where are the waves......?? 8)

We have to wait a bit longer maybe ....

Geneva 14:29 GMT December 7, 2007 Reply   
I think the rise is corrective, and Euro/chf have to go down, my target is 1.60 and below later on.

Syd .. 14:28 GMT December 7, 2007 Reply   
anyone missing the price ticker

Gen dk 14:21 GMT December 7, 2007 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Syd .. 14:13 GMT December 7, 2007 Reply   
Shares of Palm Inc. (PALM) fell 20% to $5.26 before the opening bell Friday, extending a sharp after-hours drop Thursday after the smart-phone maker warned that its second-quarter results would be lower than expected.

GENEVA DS 14:11 GMT December 7, 2007 Reply   
Geneva... do agree that was it probably,,,, any view on eor-chf? appreciate

Geneva 14:09 GMT December 7, 2007 Reply   
Last chance to buy cheap dollars before the BIG reversal!
Every one that paid 1.48 plus can call 1-800-euro-help.

GENEVA DS 14:00 GMT December 7, 2007 Reply   
SYD... thanks for your CHF comment, to say only, that all major Swiss Cantonal and Regional Banks have risen their Mortgage Rates already this week. SNB do not need to show more pain... rates are higher than 2 weeks ago... gl

Syd .. 13:57 GMT December 7, 2007 Reply   
When the Swiss central bank meets next week concerns over the subprime crisis may tip the scales towards a decision to leave rates unchanged - after three years of tightening, economists said Friday.

The credit-market seizure over the past few months prompted the Bank of England this week to cut rates. Meanwhile, the European Central Bank kept rates on hold.

saopaulo cg 13:55 GMT December 7, 2007 Reply   
sold gbp/jpy at 226.70, will add some later if it goes higher.

HK Kevin 13:50 GMT December 7, 2007 Reply   
Sold USD/JPY at 111.64, stop above today's high.

Syd .. 13:32 GMT December 7, 2007 Reply   
US Oct Payrolls Revised To +170K From +166K

Syd .. 13:31 GMT December 7, 2007 Reply   
Nonfarm Payrolls +94K; Consensus +85K



US Nov Unemployment Rate 4.7%; Consensus 4.8%

Pecs Andras 13:31 GMT December 7, 2007 Reply   
+94K

Maribor 13:29 GMT December 7, 2007 Reply   
NZD turn 0,79.

Mtl JP 13:29 GMT December 7, 2007 Reply   
data event risk - on the half hour
U.S. employment payrolls: mrkt expects 80K

HK Kevin 13:19 GMT December 7, 2007 Reply   
Hong Kong Ahe 13:12 GMT,thank you. After making a outside reverse bar at the 4-hr chart, NZD back to 7790 level again. Better stay away from his pair

Hong Kong Ahe 13:12 GMT December 7, 2007 Reply   
HK Kevin 12:51 GMT - Hi Kevin, in UK hours UK clear house Sell AUD BUY NZD. In Australia/Japan market, aussies and Japanese buy AUD sell NZD. NZD is serving as Pivot between AUD, GBP, USD and JPY. There is why you can see they are moving in weird-mode. GLGT.

Syd .. 13:10 GMT December 7, 2007 Reply   
SNB WATCH: Swiss Rate Freeze Looms Amid Subprime Fears

HK Kevin 12:51 GMT December 7, 2007 Reply   
Hong Kong Ahe 11:37 GMT, I am much confused too. Give back some money on two loss trades of short EUR/JPY. Another short Aussie from 8784 closed at 8771 for a few pips when NZD surged suddenly to 7796. Now AUD trades at 8755.

Sydney Tor 12:45 GMT December 7, 2007 Reply   
Adding to my cable longs (see post at 7:39) here at 2.03 17 en route for 2.05 40 being 38.2% fibo retrace of 2.1162 - 2.0180

hk ab 12:00 GMT December 7, 2007 Reply   
thanks very very much ahe

Hong Kong Ahe 11:37 GMT December 7, 2007 Reply   
hk ab 11:21 GMT - Each force from various parties are in Tug_of_wall now. They bet on the market movement for NPF, not on the data of NPF. UK clearer bet on the weak NPF. Japanese bet on the strong NPF. Aussies knew where they stand and bet against UK clearers. Kiwi is going back home to sleep all day long. Some Japanese trade house bet on 1UP-3DOWN. You must be confused as well what are they doing. ;o)

Gen dk 11:30 GMT December 7, 2007 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Auckland Trotter 11:26 GMT December 7, 2007 Reply   
Hong Kong Qindex 10:56 GMT December 7, 2007
‘EUR/USD : A projected resistant level is expected at 1.4656 - 1.4660.’

I have a fan on the 4hr chart with the bottom fan level now at around 1.4656.

Among other indications now selling EUR/USD to 1.4580.

Daily M2 pivot – 1.4580

Fib extension on 5min chart: 23.6% 1.4584 and 38.2% 1.4575.


Final trade for me this session. Will see if right or wrong when I check the charts after a sleep.

hk ab 11:21 GMT December 7, 2007 Reply   
Ahe, teh dlr/jpy looks like it wants to fly.....

Hong Kong Qindex 11:16 GMT December 7, 2007 Reply   
GBP/USD : Projected resistant points are located at 2.0351 - 2.0371 - 2.0396 - 2.0400 - 2.0440.

madrid mm 11:11 GMT December 7, 2007 Reply   
Hasselt Red , i am not a gladiator i can aure you that !!!!

I am only trying my best to survive !!!

8-)

madrid mm 11:10 GMT December 7, 2007 Reply   
shanghai bc ,

i could be for all i kow...But it must be a very long time ago
8-)

Hasselt Red 11:09 GMT December 7, 2007 Reply   
madrid mm 10:56 GMT December 7, 2007

you already sounded like the gladiator of the markets, but then again i too spend 10-12 hours a day/ 5days a weeks behind the computer. estoy pegado en la pantalla... :-)
Looking to sell and close eurusd for a few pips before NFP

madrid mm 11:08 GMT December 7, 2007 Reply   
Hey waveman NYAM, i have an idea , you should open a demo a/c for your child and see the results. That should be interesting ... Imagine that, your kid being more profitable than you and me !! LOL

It is midday in Madrid, and this market feels like the following -
It looks like a typical NFP friday, no major moves so far.
It is like the Bravheart movie, all the players/fighters are waiting and waiting and waiting ......before the battle.

So everybody is sharpening their -
1/keyboard
2/mouse
3/screen
4/etc.

8-)
Going to lunch.

shanghai bc 11:03 GMT December 7, 2007 Reply   
madrid mm 10:56 GMT December 7, 2007

I thought you directly descened from El Cid Campeador :)

London NYAM 11:01 GMT December 7, 2007 Reply   
mm//Just came back from my 5 year old nativity play and back to posting with the more lurid yet equally mature ones here (fortunately there are those of our age group too). Ready for some swings today but its mostly positioning for next week rather then any expectations of profit lock-in on day trades. Got hit with a short gbpusd at 2.0329 the first of a few i mentioned yesterday. 2.03610 and 2.0420 also waiting with double possies. Also keeping an eye out in gbpjpy, have a gut that that will get trully hammered early next week if not starting today. Just got to pick the right levels.
is//thanks but really i am no guru. you remember cad this week? lol.

madrid mm 10:58 GMT December 7, 2007 Reply   
Polokwane CS,

Thanks , maybe a better place 8-)

So many good and intereting post persons on this forum from all over the world

8-)

Hong Kong Qindex 10:56 GMT December 7, 2007 Reply   
EUR/USD : A projected resistant level is expected at 1.4656 - 1.4660.

madrid mm 10:56 GMT December 7, 2007 Reply   
Hasselt Red ,

Could be 8-) ...not that it matters really ...

We all live on the same planet

Polokwane CS 10:53 GMT December 7, 2007 Reply   
madrid mm 10:45 GMT December 7, 2007
This is "madrid mm" after watching computer screens 10-12 hours a day , 5 days a week

mm what will this forum be without you !

Keep it up. GL.GT.

Hasselt Red 10:51 GMT December 7, 2007 Reply   
mm, are you a full blood spaniard?

madrid mm 10:47 GMT December 7, 2007 Reply   
Ooooops, it is picture No 20 i was refering to
LOL

madrid mm 10:45 GMT December 7, 2007 Reply   
This is "madrid mm" after watching computer screens 10-12 hours a day , 5 days a week.

Reuters !

PAR 10:25 GMT December 7, 2007 Reply   
http://www.guardian.co.uk/feedarticle?id=7134433

Trichet lives in Germany . lol.

Auckland Trotter 10:09 GMT December 7, 2007 Reply   
Syd .. 09:48 GMT December 7, 2007

I presume the H&S formation for the EUR/USD is from the 4hr chart.

Syd .. 09:48 GMT December 7, 2007 Reply   
Currency Focus
EUR/USD: Possible head-and-shoulders formation
(Barcelona) – The Euro is looking rather top heavy, according to Nicole Elliott, senior technical analyst at Mizuho Corporate Bank, as she advances the possibility of H&S formation: “Looking rather top-heavy with a small potential head-and-shoulders top. This at year-end will probably tempt some to cut and run.” In regards to strategy, Elliott advices: “Possibly attempt tiny longs at 1.4620, adding to 1.4525; stop well below 1.4500. Target 1.4750.”

Syd .. 09:40 GMT December 7, 2007 Reply   
EUR may have got a lift from the ECB's hawkish tone on Thursday. But, UBS forecasts the single currency as still headed back down to $1.40 in the next three months. "We still think current EUR/USD levels do not justify the currency's fundamentals and the general potential performance of US assets," the bank says.

The CAD looks set to come back down to earth next year, after flying high in 2007. The downturn in metals prices and a reversal in positive M&A flows are already taking their toll. Now the Bank of Canada's decision to cut rates this week suggests it will be in the vanguard of central banks responding to the threat of more spillover from the US subprime crisis

madrid mm 09:39 GMT December 7, 2007 Reply   
Thank you PAR
8-)

What do i do, do i buy USd/yen ? Do i sell it ? LOL

I was confused before, and now i am even more !!!
8-)

Syd .. 09:39 GMT December 7, 2007 Reply   
A Chinese finance ministry official said Friday a stable dollar would help developing economies.

The official, who declined to be named, added excessive currency volatility wouldn't be good for the global economy.

Speaking at a press briefing about the high-level Sino-U.S. talks in Beijing next week, the official also said China should study the potential impact of problems in the U.S. subprime-mortgage sector, as well as consider how to boost risk prevention in the financial sector.

madrid mm 09:37 GMT December 7, 2007 Reply   
Bratislava mades 09:06 GMT December 7, 2007

IMHO it would be very difficult to say .

However you might find some interesting info in here
http://www.e-forex.net/Automated_Trading.efx

PAR 09:37 GMT December 7, 2007 Reply   
BOJ and Kampo are changing tactics to weaken the yen . New strategy is to publish the worst possible Japanese economic reports to convince the world that Japan is entering a depression while at the same time letting its trade deficit surge to astronomical levels . Lol.

Auckland Trotter 09:31 GMT December 7, 2007 Reply   
St. Annaland Bob
USA Zeus

The psychological aspect of trading is important, and can be viewed on many levels up to the ‘collective’ psychology of the market itself.

The first level starts with the individual and their own personal approach to trading.

madrid mm 09:30 GMT December 7, 2007 Reply   
London NYAM

hello Waveman, is your surfboard ready ? Are you wearing your speedo and surf suit ? LOL

Fridays can be bring a lot of waves ... Plus we just need PAR to tell us when is KAMPO intervening in the market and you could be set for a rewarding day

8-)

Syd .. 09:29 GMT December 7, 2007 Reply   
The USD/JPY may yet get a lift if US payrolls come in stronger than expected, especially after that downgrade to Japan's 3Q GDP. But, says Bank of Tokyo-Mitsubishi, any gains will be "fleeting" given uncertain financial market conditions and contracting yield differentials.

isr is 09:29 GMT December 7, 2007 Reply   
who knows what just happened to USDCAD??

PAR 09:26 GMT December 7, 2007 Reply   
If ECB really wants to be transparant it would be nice to name the governers of the ECB who are urging the bank to raise interest rates as well as those who want to lower rates. Consensus seems far gone .

St. Annaland Bob 09:24 GMT December 7, 2007 Reply   
Brisbane Flip 09:18 GMT December 7, 2007

you are right ... I forgive Zeus and will give him a mirror as gift and act of peace ... now, with that mirror Zeus can watch the whole day at the feces gluing his mouth

St. Annaland Bob 09:19 GMT December 7, 2007 Reply   
USA Zeus 09:08 GMT December 7, 2007

still, you are the only one I get such stupidity exchange with ... may you mention one name you did not get fight with?

Brisbane Flip 09:18 GMT December 7, 2007 Reply   
Always forgive your enemies - nothing annoys them so much.
Oscar Wilde

:)

isr is 09:08 GMT December 7, 2007 Reply   
Our newly discovered nickname for NYAM ....GuruNYAM...great call last night on Equities....tks again....

USA Zeus 09:08 GMT December 7, 2007 Reply   
St. Annaland Bob 08:53 GMT December 7, 2007

You are one sick freak!!!

As for the rest twitch, you seem insistent in calling me out. i.e. St. Annaland Bob 07:39 GMT December 7, 2007. Please keep me out of your sick perverted filthy fetish Chinese lead induced hallucinations. This is a forex forum not Bob’s x-rated bi fantasy site. Seriously, you are out of bounds.

Bratislava mades 09:06 GMT December 7, 2007 Reply   
Hello, fellow traders, i've got a question for all you pros out there. How much % appr. of current volume in fx is done by automated program/algo trading ? Sometimes i hear its way over 50% ..

Syd .. 08:57 GMT December 7, 2007 Reply   
London NYAM 08:55 normally find RBS ok when it comes to analysis better than some

London NYAM 08:55 GMT December 7, 2007 Reply   
Syd//I need to speak to that RBS analyst he has the same target range that i have 2.0020-75.
USDJPY: Im camped out on either side of this pair with a tiny short from 111.30 that will probably get stopped out. Ive got soldiers in some spots dug in at the north: 111.67/111.90 and 112.30 (with artillary). But to the south ive laid most of my troops so that they can (with any luck) be called upon to march north: from 108.90/109.55/110.34.
mm//Bedlam Friday. Usual suspects being let out.

St. Annaland Bob 08:53 GMT December 7, 2007 Reply   
USA Zeus 08:37 GMT December 7, 2007

hey you clown with feces gluing his mouth ... how comes the only one I get such a stupidity exchange is you? ... how comes you are the one fights with almost everyone around here? ... fight Zeus, fight

Syd .. 08:48 GMT December 7, 2007 Reply   
Cable's outlook remains negative, says Royal Bank of Scotland, with a downside resolution of the $2.0310-$2.0190 range targeting $2.0075 and $2.0010. Says more aggressive interweek targets are $1.9590 and $1.9550, these being a 38.2% retracement the Nov '05- Nov '07 uptrend and the December 2004 reaction high. Now at $2.0230.

Hong Kong Qindex 08:48 GMT December 7, 2007 Reply   
EUR/USD : The current expected trading ranges from the weekly cycle are 1.4422* - 1.4470 - 1.4494 // 1.4518* - 1.4541 - 1.4565 - 1.4589 - 1.4613* - 1.4637 - [1.4660] - 1.4684 - 1.4708*.

madrid mm 08:40 GMT December 7, 2007 Reply   
fwiw

December issue of Futures & Options Trader magazine is ready to download!
Click here!

Gen dk 08:39 GMT December 7, 2007 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

USA Zeus 08:37 GMT December 7, 2007 Reply   
St. Annaland Bob 08:27 GMT December 7, 2007

Is one thing for you to be the sick being that you are with more consistency than your trading.

It is likely that all that lead has caused you to forget that this is not bob's smit blog. Take your x-rated bi fantasy thoughts elsewhere Twitch.

madrid mm 08:35 GMT December 7, 2007 Reply   
Back to Fx

"FINTAG COMMENT
Mince pie anyone?

Apparently the Bank of England's drop in rates has signalled a new journey towards cheap credit again and Bush is not bailing out but helping the poor people to continue living in houses that are rapidly falling in value when renting would be a better option. Christmas has come early it seems.

The scrooge like ECB is sticking to its plan of controlling inflation and has no plans to ease the credit pain. For let us face it, a drop in rates doesn't mean more liquidity in these current markets because collateral is king and banks are struggling to ascertain what good and bad collateral is in a world of Basel 2 and Level 3 accounting. Real Estate, CDOs, Commercial Paper, Bonds and Banking Stocks appear not to be good collateral and with falling gold and other commodities, it is unclear what is. The good news is that maybe the USD will survive and enjoy its status once more as the currency we all want and need.

Hedge fund news includes Quants getting another beating and tax plans are unveiled. M-LEC is almost dead and foreigners leave the UK in droves.

Quote of the day:
"Equities seem to be detached from what's going on in the rest of the world at the moment. The economic outlook is very difficult - the credit markets are clearly experiencing huge difficulties, and it's difficult to believe that equities can remain isolated. The forecast earnings we're seeing from the analytical community are still probably too optimistic. They haven't factored in the impact of a slowdown in economic activity and tighter credit markets."

Paul Myners (in today's FT)
"

USA 08:35 GMT December 7, 2007 Reply   
Cuckoo's Nest Nurse Wretched 08:32 GMT December 7, 2007
Nurse...Bob prefers his pills to be be taken annally....

madrid mm 08:35 GMT December 7, 2007 Reply   
LOl it really is a kindergarden 8-)

Cuckoo's Nest Nurse Wretched 08:32 GMT December 7, 2007 Reply   
All right kids, line up. Pills on their way.

isr jweb 08:31 GMT December 7, 2007 Reply   
beloved zeus. find me the euro hammer you were talking about (1.40) and stop bickering...

if found i invite all forum members headed by dr q to a sunny carribean holiday.. (pegged price in euros)

St. Annaland Bob 08:27 GMT December 7, 2007 Reply   
USA Zeus 08:23 GMT December 7, 2007

you are a living proof that used condoms (i.e. second dick) market exist ... I repeat, may BC will take the market exactly the place your mouth will get glued with feces, AMEN!

USA Zeus 08:23 GMT December 7, 2007 Reply   
St. Annaland Bob 07:51 GMT December 7, 2007
Spending too much time in the coop fondling "small brown pieces" while imagining and begging someone to move the market against me is just as much a hallucination as consuming too much lead from your rubber chicken, Twitch.

madrid mm 08:19 GMT December 7, 2007 Reply   
There is nothing like a friday morning on the GVI FX Forum !

Warm,
friendly,
amicable,
respectful,
a lot of mutual esteem,
etc.

8-)

PAR, that s politics for you all over the world....

Don t do as i say, do as i do !!!

Hong Kong Qindex 08:16 GMT December 7, 2007 Reply   
GBP/USD : The followings are still valid :-


Hong Kong Qindex 14:30 GMT December 6, 2007
Subject:
GBP/USD : Within the range of 2.0151 - 2.0311, projected barriers are expected at 2.0162 - 2.0217 - 2.0257.

Hong Kong Qindex 14:09 GMT December 6, 2007
Subject:
GBP/USD : The market is going to look for the support at 2.0151 when it fails to overcome the projected resistant point at 2.0311.

Hong Kong Qindex 13:28 GMT December 6, 2007
Subject:
GBP/USD : Basically the market is trying to consolidate between 2.0151 - 2.0311 for the time being.

Hong Kong Qindex 12:03 GMT December 6, 2007
Subject:
GBP/USD : Barriers are located at 2.0139 and 2.0162.


Hong Kong Qindex 11:51 GMT December 6, 2007
GBP/USD : It is going to challenge the barrier at 2.0118 // 2.0209.

CT Cris 08:05 GMT December 7, 2007 Reply   
Spore Rych 08:00 GMT December 7, 2007
Hi CT
=====
thks Rych ..pls note that sell level is confirmed

Spore Rych 08:00 GMT December 7, 2007 Reply   
Hi CT

Thank u for your sharing. Am sure there are lots of silent/hidden readers appreciate your contributions here besides me.

USA 07:56 GMT December 7, 2007 Reply   
St. Annaland Bob 07:51 GMT December 7, 2007
Just stick to your rubber girlfriends Bob....

PAR 07:53 GMT December 7, 2007 Reply   
Now that us mortgage interest rates are neither set by the free market nor by the fed but by the Central Plan Bureau in Washington ( Russian five year steel plan were also made in close cooperation with the Russian steel companies) USA should stop talking about being a free market economy . Is that bad , is that good I dont know, but it has nothing to do with free markets and reminds me of Argentina s banking crisis or the Russian crisis .

St. Annaland Bob 07:51 GMT December 7, 2007 Reply   
Zeus, it's time to tell you the truth after so many years ... the small brown pieces you got as a kid supposed to be candies were not chocolate, these were feces from all gangs visiting your home for a bang (while you sleep or play with yourself) ... Zeus, I wish you that BC will take the markets exactly to the place that your mouth will get glued forever with feces from Chinese owned pets.

CT Cris 07:47 GMT December 7, 2007 Reply   
no big movement means market range will be within or less than 100 pips.

Blore RKG 07:46 GMT December 7, 2007 Reply   

Stopped on my euro trade -
yen shorts partly filled - to run for 109.50
still favor buying euro - there is an unfinished agenda in the topside. might well suffer from foot-in-mouth, but thats a price for a wrong view!!

USA Zeus 07:44 GMT December 7, 2007 Reply   
USA Zeus 07:42 GMT December 7, 2007
St. Annaland Bob 07:39 GMT December 7, 2007

Must be all that chinese lead in your rubber chicken suit

CT Cris 07:42 GMT December 7, 2007 Reply   
USA Zeus 07:38 GMT December 7, 2007
=====
no big movement , no good reaction , means market in weak mood , and will not see big movement today.

USA Zeus 07:42 GMT December 7, 2007 Reply   
St. Annaland Bob 07:39 GMT December 7, 2007

Huh twitch? All spiced up on laced rubber chickens Bob?

St. Annaland Bob 07:39 GMT December 7, 2007 Reply   
good morning ... USA is the protector of democracy, freedom & free markets worldwide and their interest is in strong USD !!! ... freezing mortgage's interest rates for five years just for lucky few means USA is aware and caring about their own citizens ... right? - maybe not, but who cares?! ... Zeus, already told you to be in silent mode! ... happy trades!

Sydney Tor 07:39 GMT December 7, 2007 Reply   
Bought Cable 2.0245 as I believe we've seen the low at 2.0180 beeing support on long term uptrend channel. S/l placed 2.0080 and looking for 2.0540 beeing 38.2% retrace from 2.1162 - 2.0180

USA Zeus 07:38 GMT December 7, 2007 Reply   
USA Zeus 07:31 GMT December 7, 2007

Check that. Should be:
Cris WFake- What is "big movement" or "good reaction"...

CT Cris 07:36 GMT December 7, 2007 Reply   
USA Zeus 07:31 GMT December 7, 2007
===
the spicy pips is not good for you zeus , it may burn your mouth.

USA Zeus 07:31 GMT December 7, 2007 Reply   
CT Cris 06:50 GMT December 7, 2007

Cris Wak- What is "good movement" or "big reaction" in the context of 1-15 "spicy pips" that you have been posting? Seems like anything bigger would be mammoth or gargantuous in your world. TIA

CT Cris 07:31 GMT December 7, 2007 Reply   
too many spicy pips were taken from short gbp.usd at 20260

Auckland JJ 07:06 GMT December 7, 2007 Reply   
Thanks Syd every little bit helps.

Syd .. 06:55 GMT December 7, 2007 Reply   
Auckland JJ 06:53 Hi I dont trade that pair but if I see anything will post ..

CT Cris 06:55 GMT December 7, 2007 Reply   
be ready for 15 spicy pips.

Auckland JJ 06:53 GMT December 7, 2007 Reply   
Syd what are you views on EUR/CHF has been making some gains but can it continue???

CT Cris 06:50 GMT December 7, 2007 Reply   
no big movement nor good reaction with data this friday.

madrid mm 06:49 GMT December 7, 2007 Reply   
Hello Mumbai NS ,

It is a good one !!! 8-) i did not this one
8-)

madrid mm 06:48 GMT December 7, 2007 Reply   
* Japan Q3 GDP revised down -0.2% to +0.4% vs market expectation of +0.7%q/q. Weaker capex, +1.1%q/q final vs 1.9%q/q preliminary.

* UK Nov NIESR estimate of monthly GDP at 0.6% 3m/3m from 0.7% 3m/3m in Oct.

* Crude Oil $90.22, Gold $800.00/oz

* UK TELEGRAPH: US private equity firm JC Flowers has walked away from the competition to buy Northern Rock, raising the prospect that the Government will have to consider nationalising the Newcastle-based lender.
* A very quiet session as USD/JPY balanced by hedge and retail related demand versus exporter offers traded inside 111.20-45 throughout the morning.
* Cable saw a couple of upside attempts with fix demand pushing that rate to 2.0285 highs, but met with good supply from real money names, depressing the rate to the 2.0230 area.
* EUR/GBP crept up a little to 0.7225, with EUR/USD initially in demand with stops triggered to a high near 1.4660 before drifting back to 1.4625/30 in lacklustre trade. Late sales by a US Investment bank name, threatened but did not breach 1.4600.
* The AUD moved up to just shy of 0.88, but talk of IMF sales of gold though an ongoing story appeared to take the edge off and the rate drifted back to the 0.8770/80 area.
* Comments from BoK chief Lee Seong-tae that Korea was gradually lowering the proportion of USD in their USD260bn reserves had virtually no impact.

Nikkei firmer on better US markets, but trading off highs at 16007.67 (+0842%) at 05:15gmt . On JGB's cash market quiet, 2s best unchanged. 10s +0.5bps, 1.56%, long liquidation ahead of US payrolls.

Mumbai NS 06:47 GMT December 7, 2007 Reply   
MM gud day mate u reminded me of something .....when we were in bank treasury we used to tell our folks becareful mate it's fry-day .......tgif gl gt

madrid mm 06:44 GMT December 7, 2007 Reply   
Hello and GM from Southern Europe , FX Jedi 8-)


It isssssssss Fridayyyyyyyyyy !!!

It is the lasssssssssssssst NFP Day for 2007!!!!

NFP = Non Farm Payroll
or
NFP = (take ...) No Frikking Prisoners ?

8-)

Hong Kong Qindex 06:41 GMT December 7, 2007 Reply   
EUR/USD : Speculative selling pressure will increase when the marke is trading below 1.4595.

Syd .. 06:37 GMT December 7, 2007 Reply   
The chart below looks like the cardiogram of a patient who is suffering a heart attack.First, Britain's housing market is more vulnerable than America's. House prices and mortgage debt have both risen faster and their absolute levels are much higher, relative to personal incomes, in Britain than in the US.

Britain is structurally more vulnerable than America to a severe economic slowdown. This is because Britain's growth in the past decade has been driven by three forces — finance, housing and public sector spending — all of which are now going into reverse. To make matters worse, the City is about to be hit by the biggest tax changes in a generation, which are bound to drive at least some high-value financial activities offshore.



http://www.timesonline.co.uk/tol/comment/columnists/anatole_kaletsky/article3006819.ece

CT Cris 06:08 GMT December 7, 2007 Reply   
GBP/USD
======
Sell level if breaks 20235 tp 20170.
Buy level if breaks 20290 tp20370.

break should be confirmed by closing of 3bars 5 mins chart.

mostly heading down , and mostly no big reaction with any data for today.

Syd .. 04:26 GMT December 7, 2007 Reply   
Anatole Kaletsky from The Times in an interview says ECB underestimating the crisis , says wht people are in fear of what is happening in the US is happening but the problem in Europe can be even bigger , says in Spain there is a million new houses unsold and with total unsold in the US only being 500,000 the problem is far bigger in Spain then in the US

Hong Kong Qindex 03:36 GMT December 7, 2007 Reply   
Atlanta South 03:03 GMT - Thank you for your kind words.

Syd .. 03:27 GMT December 7, 2007 Reply   
Market fears that Bank has 'lost control'
Experts warned that it was a sign that the credit crisis could escalate over the Christmas period, even though the Bank has now embarked on a major series of interest rate cuts for the first time in almost eight years.

It coincided with a chilling warning from the Organisation for Economic Co-operation and Development that the UK economy is heading for a major slowdown next year - and possibly a "significant slump" in house prices

http://www.telegraph.co.uk/money/main.jhtml;jsessionid=O3EG14IWSVQAPQFIQMFSFFWAVCBQ0IV0?xml=/money/2007/12/07/cnbank107.xml

Syd .. 03:17 GMT December 7, 2007 Reply   
isr jweb 03: I remember Portugal back in the 80s they made the British remove all the signs and everthing had to be in Portuguese , England has now become the toilet of the world over 75.000 came here last year - read they are even teaching the police polish , which is arse about face really , went back in 02 didnt recognise the place .

isr jweb 03:06 GMT December 7, 2007 Reply   
syd. lol. right now they are both exploiting and supporting the british economy. while clever brits are migrating, selling and buying elsewhere for cheap. the euro nationals are flooding british hospitals and having a go at the system.

ive just come back from there and its amazing to see how the streets are flooded with them, you can buy in the pakistani-indian drink shop polish bread and beer, and signs in polish are up everywhere.

Atlanta South 03:03 GMT December 7, 2007 Reply   
Hong Kong Qindex
I want to say thanks to you for your posting of your valuable levels in your tireless effort to help the members of this forurm. I wish you a Happy Christmas Holiday & a Prosperous New Year.

Syd .. 03:01 GMT December 7, 2007 Reply   
isr jweb 02:50 cant see the British accepting the Euro , the Tories would use it to out Labour - the only thing that could change it would be if all the migrants got to vote !!

Hong Kong Qindex 02:56 GMT December 7, 2007 Reply   
EUR/USD : I guess we have seen the daily high already around 1.4660.

isr jweb 02:50 GMT December 7, 2007 Reply   
my personal view is that the eur govenors are trying to bring in the british into eurozone, withe the falling pound and falling economy that might happen with the help of the media noise, once the euro reaches parity with gbp that will be alot easier to happen and thus the pound will demise or be euro pegged. and when this will happen that will strengthen the eurozone economy even more.

The only problem for the eurozone guys who want one big europe is that the frame zone is tight - with elections coming up and a chance of a tory goverment and maybe a chance of recovery in the end of 2008, they have to eccelerate the downfall of the pound and its econmy, pick up their own interest rates, and meet english rates lets say at 5 - by then the pound will be begging to come in, and there goes british independance.

Only after that, will we start to see a euro weekness, because by then they will be achong all over.

I know it sounds superstitous, but thats my theory anyway.

Syd .. 02:44 GMT December 7, 2007 Reply   
loose talk

Bay the ECB will stick it out , their problem is they are for many not now just Germany , so I think they will just talk the talk - the Euro strength has helped them up to now , but like all good things can make you ill eventually, the USD weakness has also stoked oil,gold etc,, tell you one thing dont know what the reason for the turn around will be but when it does happen oil will plummet , as OPEC have rightly said the speculators are in , same with gold

USA BAY 02:36 GMT December 7, 2007 Reply   
SYD,

With inflation at 3% you are right ECB may not follow BOE which will have at least 2 more rate cuts as the situation there very much similar to the US.

Syd .. 02:33 GMT December 7, 2007 Reply   
Philadelphia Caba 01:58 with all the bad news out this week think it as a 50/50 bet , not sure if the ECB will reduce rates they have a bad habbit of worring about inflation firm with their view , the Bundesbank if you recall had a hand in bringing the GBP to its knees with their lose talk

USA BAY 02:15 GMT December 7, 2007 Reply   
HONG KONG QINDEX,

DR Q, when you have the time could you kindly give an update on the gbp/aud pair and gbp/chf. Really appreciate the view. Thanks a lot.

Syd .. 02:12 GMT December 7, 2007 Reply   
isr jweb 01:52 dont think so but thanks

Hong Kong Qindex 02:01 GMT December 7, 2007 Reply   
EUR/USD : The market is going to consolidate between 1.4520 - 1.4711 for the time being.

Philadelphia Caba 01:58 GMT December 7, 2007 Reply   
Syd .. 01:46 GMT
..market has already priced in today's BoE cut, I think...there's no question if, but when ..market will have to deal with similar situation from eurozone...imo..

isr jweb 01:52 GMT December 7, 2007 Reply   
thanks syd. your amazing.

Syd .. 01:46 GMT December 7, 2007 Reply   
GBP downside risks growing after BOE's decision to cut rates yesterday for 1st time since August 2005, amid general pessimism over state of U.K. economy, say Barclays Capital FX strategists. "We think that the downside risks have increased and that, especially in today's climate of increased aversion to risk, this is likely to lead to reduced demand for GBP for any given price," it says. Now forecasts EUR/GBP at 0.73, 0.74, 0.75, 0.75 in 1, 3, 6, 12 months' time; GBP/USD at 1.99, 1.99, 1.93, 1.93 over same periods. Says next rate cut likely in February 2008, ahead of market's current expectation for March cut; says as well as interest rate differentials, U.K. sentiment is weaker with media talk of 'perfect storm' of bad news for economy; "the gloom surrounding the U.K. is likely to lead to worldwide investors reducing their demand for U.K. assets, and thus for GBP." GBP/USD last at 2.0263, EUR/GBP at 0.72240.

Syd .. 01:36 GMT December 7, 2007 Reply   
isr jweb 01:18 GMT another thing the new goverment is still in the honeymoon period

Syd .. 01:34 GMT December 7, 2007 Reply   
isr jweb 01:18 GMT not sure just yet , see it been chipped away at by the bad data and cronic deficit problem is its had such a good run and from the outside looks like the economy here is very rosy mostly on the back of China , thats where the turn will start from , anyway thats my view

USA BAY 01:29 GMT December 7, 2007 Reply   
isr jweb,

Aud/usd is not going to die. If NFP is positive then the currency most affected will be gbp and aud against the USD, but with the rate cut coming for usd and RBA no change, and the economic situation in Australia far better than in US and UK, aud should go up in the 1st quarter.

isr jweb 01:18 GMT December 7, 2007 Reply   
syd so you agree with the guy that said aud to die?

Syd .. 01:07 GMT December 7, 2007 Reply   
isr jweb 00:58 should retrace into the data in US tonight and then maybe higher , a bit cloudy until - market thin for xmas not helping and its running with the equities it seems.

isr jweb 00:58 GMT December 7, 2007 Reply   
syd/ where do you see the aud going?

Gen dk 00:53 GMT December 7, 2007 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Syd .. 00:53 GMT December 7, 2007 Reply   
AUD/USD slips on position squaring ahead of U.S. jobs data later in day, weakening of GBP, EUR, says RBC strategist Sue Trinh.

Risk ahead is U.S. jobs data

Syd .. 00:41 GMT December 7, 2007 Reply   
China's securities regulator said the potential risks in the local capital market can't be ignored and urged research on the risks that could arise from changes in the external environment.

The remarks by China Securities Regulatory Commission Chairman Shang Fulin come amid concerns about the risk of an asset bubble forming in China and about the effect of the problems in the U.S. subprime-mortgage sector on economies and financial sectors around the world.

In a statement posted on its Web site Thursday, the China Securities Regulatory Commission said it will treat boosting direct financing as key task and steadily push forward the development of the futures market.

USA Zeus 00:09 GMT December 7, 2007 Reply   
Yes. Sub 2.0000 GBP/USD is coming as we have been mentioning albeit and with even more reason and cause due to much public friction to that fact.

Happy Day!

dc CB 00:08 GMT December 7, 2007 Reply   
Mtl JP 23:14 GMT December 6, 2007
dc CB 18:32 / re 1-800-995-HOPE:

apparently he gave our the wrong number. reports are saying it's 1-888 not 1-800.
Shows the attention being paid to this :)