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Forex Forum Archive for 12/10/2007

Pick a date from the header above to view forum postings for that day.
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Atlanta South 23:57 GMT December 10, 2007 Reply   
nj jf
Ref 22:35/This post just caught my attention & if I might would like to weigh in with my views. Demo accounts service a purpose, BUT are very misleading to a new trader. A demo will give a new trader a false sense of security because they are not what your will see in live trading. Several yrs back in the beginning of my FX trading I had a really great yr position trading & closed out the yr with really obsence gains only to lose 75% of those gains in the 1st quarter of the next yr. Now this was on a live account & my point being, what works now, might not work next month, next yr or even next week & we as traders must be prepared to adapt to the flow of the markets we trade.
I know you already know this, but I am speaking to those new traders out there who are just getting started. Once real money is on the line everything will be much different from the demo days. Tks for your informative post as I derive much benefit from each. These are just my views. Gt to all.

Sofia Kaprikorn 23:49 GMT December 10, 2007 Reply   
2334 GMT [Dow Jones] USD/JPY rises as non-Japan options players trying to hit rumored stop-loss buy orders around 111.90, says senior sales dealer at major European bank; adds impact of orders being magnified as flows thin now. Tips resistance at 112 as exporters' orders huge there, but if pair rises above, it may advance to 112.50. Last 111.81 on EBS

....... really interesting - I watch the 15 min chart in USDJPY how the pair is pushed up..

Syd 23:43 GMT December 10, 2007 Reply   
shanghai bc 23:38 My home was in the Midlands and was always heading overseas to Spain and Portuga like most Brits , with four weeks of summer only in the UK if your lucky ,what else can you do and agree the Polish and Russian have it even worse , best of luck to them . I think the housing boom has helped many of my countrymen escape ;-)))

Livingston nh 23:41 GMT December 10, 2007 Reply   
bc - wait'll these yahoos start to cut back their energy consumption 40% below 1990, hahah - those winters will be long AND cold

shanghai bc 23:38 GMT December 10, 2007 Reply   
Syd 23:06 GMT December 10, 2007

The Brits go for sunny Spain or Portugal to enjoy at reasonable cost and the folks from all over the world rush into London and southern England to enjoy gloomy and rainy weather with mighty Pound..A matter of taste in the age of globalization..I can understand if the Russians and the Poles florish under the gloomy and rainy weather in London though..Think of the long and cold winter in their original countries :)

Sofia Kaprikorn 23:24 GMT December 10, 2007 Reply   
pls can I ask if someone can verify there is a gap on the EURJPY - 4H chart

from 163.86 --- to 164.23 - this pair is in uptrend but if there is gap it must be closed..
........

tokyo - what;s yor calls based on?

NY Rob 23:19 GMT December 10, 2007 Reply   
have we seen stocks and jpy pairs bottom for the rest of this year?

Syd 23:06 GMT December 10, 2007 Reply   
Foreign workers have taken 80 per cent of all new jobs created under Labour
Migrants have taken four out of five jobs created since Labour came to power, Whitehall analysts have said.

Their verdict was a huge embarrassment to Cabinet ministers, who have claimed most jobs went to Britons.


http://www.dailymail.co.uk/pages/live/articles/news/news.html?in_article_id=501128&in_page_id=1770&ct=5

Syd 23:04 GMT December 10, 2007 Reply   
EURUSD Correction Is Not Over
Going into the FOMC rate decision, everyone may be wondering where the EURUSD is headed next. From a fundamental perspective, we will cover it in depth on DailyFX.com, but it is just as important to consider the technical perspective. Although the EURUSD is stronger going into the US interest rate decision, the EURUSD correction from 1.4966 is not over. In fact, it has probably just passed its midpoint in terms of time. The corrective pattern currently unfolding is either a flat or a triangle. There are clear short term opportunities either way; bullish and bearish.
http://www.dailyfx.com/story/topheadline/EURUSD_Correction_Is
_Not_Over_1197303008549.html

Tokyo 22:54 GMT December 10, 2007 Reply   
buy gbpusd now at 2.0464 for 20 spicy pips.close at 2.0484.

Stockholm za 22:53 GMT December 10, 2007 Reply   


Will Iran now only accept payment for oil in currencies other than the dollar. ????

nj jf 22:35 GMT December 10, 2007 Reply   
toronta sm 21:46 GMT December 10, 2007
theres no security in FX due to the use of leverage for the retail size trader. you need a substantial amount of capital to overcome this. also as pointed out demo accounts arent manipulated and provide a false sense that you can beat the mkt. its got to do with risking nothing vs risking real dollars the mental aspect of trading is difficult for people with little or no experience.

we had a poster lose everything he had in $cad something like 1.2 mio dollars - this can be the reality of this business and something you must establish rules for your trading. also just because someone says I made a tonne of money last year or last month is irrelevant - its more in their ability to weigh their risk vs reward over the long haul.

Alaska Moon 22:28 GMT December 10, 2007 Reply   
Mtl JP 21:56 GMT December 10, 2007
=======
I agree totally, JP. So many new traders get caught up in the advertising....." I made 100% on my investment"...
I think your advise on demo is really good....This is one of the "fruads" that dealers have to make you think it is easy to make money...Another one is "back testing" If the future continues exactly as the past, "back testing" might be good !! LOL
GL..GT
Moon

Como Perrie 22:15 GMT December 10, 2007 Reply   
The real problem is the contractual ability of investors in mortgage bonds to require banks to buy back the loans at face value if there was fraud in the origination process.

And, to be sure, fraud is everywhere. It's in the loan application documents, and it's in the appraisals. There are e-mails and memos floating around showing that many people in banks, investment banks and appraisal companies - all the way up to senior management - knew about it.
http://tinyurl.com/2w2jg6

MORTGAGE MELTDOWN
Interest rate 'freeze' - the real story is fraud
Bankers pay lip service to families while scurrying to avert suits, prison

Syd 21:56 GMT December 10, 2007 Reply   
Blackstone denies Rio Tinto bid plan
BLACKSTONE Group said overnight it isn't involved in a bid for mining giant Rio Tinto, which has already rejected a $US150 billion ($A170 billion) bid from rival BHP Billiton.

Mtl JP 21:56 GMT December 10, 2007 Reply   
toronta sm 21:46 / There is no school like the School of Hard Knocks. Strongly suggest you open a mini-account from one of the advertising Forex Brokers on Global-view. For initial $500 - $5,000, you will get a true experience of chemicals raging in your brain as you experience both the thrill of a win and agony of a loss. Concider Demo account only as training wheels to get familiar with the mechanicals of any particular Dealing Station.

Syd 21:51 GMT December 10, 2007 Reply   
NZ Export Prices +3.3% Vs 2Q; Mkt Expected +5.0%
3Q Import Prices -0.3% Vs 2Q; Mkt Expected +1.8

Syd 21:48 GMT December 10, 2007 Reply   
Export Prices +3.3% Vs 2Q; Mkt Expected +5.0%
3Q Import Prices -0.3% Vs 2Q; Mkt Expected +1.8

toronta sm 21:46 GMT December 10, 2007 Reply   
A buddy a mine is with dealsjamaica but I haven’t really checked them out personally. I have been considering starting out as a trader but I still need some security which is why my friend was telling me about making an investment so I could get a fixed return each month that way it could help cover any month I has any losses. They’re not bad from what he’s been telling me 5% and all but I am actually interested in learning how to trade. Could anyone tell me if it’s a good idea to invest or should I just put all my money into trading seeing as I’m new to the game?

Syd 21:41 GMT December 10, 2007 Reply   
Expect 0.8950 to provide stiff resistance for AUD/USD unless "expectations for an RBA rate hike in February are resurrected," says National Australia Bank senior currency strategist John Kyriakopoulos. Notes traders awaiting Fed decision with 25bp cut fully priced in, and with 20% chance of 50bp cut. Fed accompanying statement likely to be firm driver of AUD, equities and to give possible clues on global growth outlook. Kyriakopoulos says AUD remains "vulnerable" to news of "moderating economic growth"; traders also to watch Australian November jobs data Thursday.

Syd 21:21 GMT December 10, 2007 Reply   
Consumer pain looms with banks to hike credit cost
Millions of people are set for their biggest ever financial hangover in the new year as the squeeze on money markets hits households across Brtitain.

City analysts gave warning that the last three weeks of November were the worst on record in the credit market as banks refused to lend each other money. Experts predict that this anxiety will be passed on to consumers next month in the form of steep rises in borrowing charges.

Shoppers will spend a record £11.7 billion on their credit cards this Christmas and Peter Hahn, a former managing director at Citigroup, said loans were likely to incur higher charges as banks seek to protect profits. “Banks will be more capital-conscious and wary of risk,” he said. “If you are a borrower, you will have to pay higher rates.”
http://business.timesonline.co.uk/tol/business/money/
borrowing/article3031063.ece

Syd 21:14 GMT December 10, 2007 Reply   
Auditors need to be attentive to risks posed by the deterioration in loans to riskier "subprime" borrowers, the Public Company Accounting Oversight Board warned in a staff alert issued Monday.

The staff alert, which focuses on risks of using fair-value measurements in a rapidly changing economic environment, covers auditing and classifying such measurements and using specialists or pricing services for fair valuations.

"We were motivated to develop and issue this alert by the auditing challenges presented by the subprime-credit situation and its effects on the markets and fair-value measurements," Marty Baumann, director of the oversight board's office of research and analysis, said in a statement.

toronto df 21:03 GMT December 10, 2007 Reply   
nj jf 20:36

I m short @ 98.72 on aud/yen

-----------------------------
Thanks doctor

CT Cris 20:53 GMT December 10, 2007 Reply   
CT Cris 19:35 GMT December 10, 2007
10 spicy pips from short usd.cad 10072 now
=====
exited with 8 spicy pips.

toronto Dr Unken Katt 20:44 GMT December 10, 2007 Reply   
aud/yen is good up to 101,80 roughly
cabelyen 23230

god bless the Church of Scientology forex traders

nj jf 20:36 GMT December 10, 2007 Reply   
Toronto df 19:53 GMT December 10, 2007
what is your current position ?

Syd 20:24 GMT December 10, 2007 Reply   
US GAS: Futures Drop On Forecasts For Warmer Weather

Toronto df 19:53 GMT December 10, 2007 Reply   
Any suggestions for Aud/yen ??? anyone

London NYAM 19:49 GMT December 10, 2007 Reply   
triangular pattern on usdjpy suggests contiuation unloaded some (half) for a loss at 111.70 extension to 112.20/40 looks like its up.

CT Cris 19:35 GMT December 10, 2007 Reply   
10 spicy pips from short usd.cad 10072 now

London NYAM 19:35 GMT December 10, 2007 Reply   
Purk//its completely depressing ironic tragedy for the masses. And i love it.

The Netherlands Purk 19:29 GMT December 10, 2007 Reply   
Eastenders? Wouw, isnt that series going on for ages there in England? Like watching Coronation street but than a bit different people.....
We had Eastenders here, watched it for a few years. Guess it has all kind of messages to the world...

London NYAM 19:26 GMT December 10, 2007 Reply   
Perrie//i do enjoy your posts mate. Im watching eastenders so that puts things into perspective...
Just on a pattern basis the latest drop is a five waver so i am happy to expect more to come. cant say yet f its the s/t top but the odds have improved.
Keep it up mate!

Como Perrie 19:19 GMT December 10, 2007 Reply   
nyam..tom is FOMC... no reasons to crash as of yet..at least for what I see those guys doing......:))

am also bit tired at current so looking at some movies, not so different from what the PPT is doing :)) guess they must have lotsa psychologists and psychiaters there too as reality detachment is heavy :))

good nite

London NYAM 18:59 GMT December 10, 2007 Reply   
perrie/it took a while but now the market is breaking up. always a problem going into ny close. 1510 and 1504 breaks will start a run to 1480.
Mr Zeus, it appears you have an anti-fan club.

Syd 18:51 GMT December 10, 2007 Reply   
Could possible not get a rate cut tomorrow , which would cause a bit of bother !!

Syd 18:50 GMT December 10, 2007 Reply   
Como Perrie merry christmas and a happy newyear also :-)))
tks

Como Perrie 18:45 GMT December 10, 2007 Reply   
yeap Syd..deterioration in progress.

bloomberg yesterday reported UBS at current is at 10 billion losses due subprime, so many others follow and numbers growing...

happy new year :))

Global-View 18:44 GMT December 10, 2007 Reply   
That was not Zeus who posted earlier but an imposter and we have taken appropriate action.

Geneva 18:44 GMT December 10, 2007 Reply   
Syd 18:43 GMT December 10, 2007

First target- Gold 650 oil-80, then we will see better.

Syd 18:43 GMT December 10, 2007 Reply   
Geneva could you give your view on commodities into 08 pls

Geneva 18:41 GMT December 10, 2007 Reply   
Geneva DS 18:04 GMT December 10, 2007

Agrea, but I think it will be faster.

Syd 18:40 GMT December 10, 2007 Reply   
$11 billion of deals collapse
December 11, 2007
THE high cost of debt has forced energy distributor SP AusNet to scrap a plan to buy former Alinta gas and electricity transmission assets from its parent Singapore Power.
In a statement to the stock exchange cancelling an extraordinary meeting scheduled for today and designed to approve the purchase, SP AusNet said it had noted "the ongoing deterioration in capital markets, in particular debt capital markets, since the explanatory memorandum was released".


CT Cris 18:33 GMT December 10, 2007 Reply   
CT Cris 17:52 GMT December 10, 2007
time for 20 spicy pips..buy gbp.usd now 20436
===
exited with the delicous 19 spicy pips.

Syd 18:15 GMT December 10, 2007 Reply   
Russia warns on Kosovo independence
By Tony Barber in Brussels

Published: December 10 2007 10:29 - Last updated: December 10 2007 10:29

Russia warned the US and its European allies on Monday that they risked destabilising the Balkans and other parts of the world if they recognised a unilateral declaration of independence by the breakaway Serbian province of Kosovo.

“I want to stress that UDI of Kosovo and recognition of such independence will not remain without consequences,” said Sergei Lavrov, Russia’s foreign minister. “It will create a chain reaction throughout the Balkans and other areas of the world.”

ft.com

Syd 18:11 GMT December 10, 2007 Reply   
BOC's Dodge Reiterates Downward Inflation Risks

madrid mm 18:10 GMT December 10, 2007 Reply   
so , FX jedi, what is it gonna be tomorrow ?
-25bp
-50bp
-other ?

it does not matter really, as long as it moves the market... 8-(0

saopaulo cg 18:09 GMT December 10, 2007 Reply   
nyam, thank you and keep in touch.

Geneva DS 18:04 GMT December 10, 2007 Reply   
Geneva 17:45 GMT December 10, 2007
crude back down, euro should follow!


Think next 18 month EURO will be broken apart.... could really be big time business for Currency bears... central banks are now full with EUROS.... will be crazy , I guess...

CT Cris 17:52 GMT December 10, 2007 Reply   
time for 20 spicy pips..buy gbp.usd now 20436

Geneva DS 17:49 GMT December 10, 2007 Reply   
USDCAD still has its head over water... eventually soon attack on 10250 and break should give 10600 again ? any ideas on cad out there ? thanks

Geneva 17:45 GMT December 10, 2007 Reply   
crude back down, euro should follow!

London NYAM 17:33 GMT December 10, 2007 Reply   
Sorry i was on the bus home.
is and cg// I have one last sell at 229.27 and gbpusd at 2.0510. i dont think we will get to the 2.0510
s/l 1/2 at 2.0525 and another half at 2.0596
and on gbpjpy stop for all at 230.31
ill let you know my take profits a 3 or 4 days after i see weve bottomed. jk.

Syd 17:22 GMT December 10, 2007 Reply   
Columbia Management has closed a giant enhanced money fund for institutional investors after major clients pulled out amid losses on complex asset-backed securities, the firm said Monday.

Columbia, a unit of Bank of America Corp. (BAC), says it is shutting its $12 billion Strategic Cash portfolio - which just months ago been a $40 billion fund.

saopaulo cg 16:49 GMT December 10, 2007 Reply   
NYAM, i am with you !!! pound just retraced at 2.0492 (61.8 of 2.068/2.018).

isr is 16:25 GMT December 10, 2007 Reply   
NYAM, great trade sell at 228.83...how about gbpusd, a sell at these levels...?

isr is 16:25 GMT December 10, 2007 Reply   
NYAM, great trade sell at 228.83...how about gbpusd, a sell at these levels...?

London NYAM 16:20 GMT December 10, 2007 Reply   
Second to last short hit on GBPJPY at 228.83.

The Netherlands Purk 15:14 GMT December 10, 2007 Reply   
Well the first smelly short is already closed. Will close the rest near 147.

Hong Kong YH 15:11 GMT December 10, 2007 Reply   
year-end rally is for sure this time

CT Cris 15:09 GMT December 10, 2007 Reply   
the spicy pips are hot and fast ...specially when using more than one lot.

CT Cris 15:05 GMT December 10, 2007 Reply   
HK Kevin 14:47 GMT December 10, 2007

eur.jpy is heading up...I caught the 20 spicy pips from its
down movement.

Syd 15:04 GMT December 10, 2007 Reply   
Pending Home Sales Climb Second Month In Row
forward-looking indicator of home sales in the U.S. rose during October, the second climb in a row.

The National Association of Realtors' index for pending sales of previously owned homes increased at a seasonally adjusted annual rate of 0.6% to 87.2 in October from September's 86.7, the industry group said Monday. The level of the gauge was 85.5 in August and 91.4 in July.

London NYAM 14:59 GMT December 10, 2007 Reply   
The ones that may momentarilly get stripped from me.

Syd 14:59 GMT December 10, 2007 Reply   
Market anticipation for a 25-basis point reduction to the fed funds rate, versus 50 points, is "more beneficial to the U.S. currency," said Ashraf Laidi of censored Markets. "A 50-bp rate cut would be a positive surprise for risk appetite and is likely to boost U.S. equities at the expense of the dollar." Conversely, renewed equities selling will weigh on higher yielding currencies, resulting in a dollar rally, probably aided also by a pull back in gold.

The Netherlands Purk 14:53 GMT December 10, 2007 Reply   
The old english or the new Belgium ones NYAM?

London NYAM 14:48 GMT December 10, 2007 Reply   
You must be smelling my shorts again Purk.

The Netherlands Purk 14:47 GMT December 10, 2007 Reply   
I smell shorts, and they aint mine. e/u, e/j. sniff sniff.

HK Kevin 14:47 GMT December 10, 2007 Reply   
CT Cris 13:38 GMT, Hong Kong Ahe's twin indicators have a sell signal earlier at 164.40. May be nice for pips raiders.

PAR 14:11 GMT December 10, 2007 Reply   
Crude back above $ 89 on back of the declining dollar .

madrid mm 14:11 GMT December 10, 2007 Reply   
Hong Kong Qindex 13:16 GMT December 10, 2007

GBP/USD : the market is going to vibrate ...

Vibrate ? it sounds naughty to me 8-) But i like it !!!

Syd 13:48 GMT December 10, 2007 Reply   
Serbia: Won't Trade Off Kosovo Independence For EU Deal-AFP

CT Cris 13:38 GMT December 10, 2007 Reply   
watching eur.jpy for 20 spicy pips.

London NYAM 13:32 GMT December 10, 2007 Reply   
finally got the first 2-4 trend line break. Now have to see if that was the correct wave 4. GBPUSD 2-4 TL was at 2.0446

London NYAM 13:32 GMT December 10, 2007 Reply   
finally got the first 2-4 trend line break. Now have to see if that was the correct wave 4. GBPUSD 2-4 TL was at 2.0446

Hong Kong Qindex 13:16 GMT December 10, 2007 Reply   
GBP/USD : the market is going to vibrate around 2.0334 with an expected magnitude of 2.0184 - 2.0485.

Hong Kong Qindex 13:07 GMT December 10, 2007 Reply   
GBP/USD : The current expected trading ranges are 2.0311 - 2.0396 - 2.0440 - 2.0486.

Como Perrie 13:03 GMT December 10, 2007 Reply   
okidoki enough for the day... am going to relax some into tomorrow

bibi

Como Perrie 13:02 GMT December 10, 2007 Reply   
A hard landing for the US economy will help cut global carbon emissions, by a factor of over 10%, so why not engineer it? This will also force Asian central banks to abandon their US dollar pegs (which is the main reason their incompetence can never be seen by the public) and actually try to manage inflation and growth in their own countries.

http://www.atimes.com/atimes/Global_Economy/IL08Dj02.html

Syd 12:52 GMT December 10, 2007 Reply   
Decoupling dies as half the globe hits crunch
The rising economies of Asia are too small and deformed to rescue world growth as America, Britain, Australia, and Club Med face their day of debt reckoning. China may make matters worse, not better.The seven pillars of global demand over the last year -- measured by current account deficits -- have been the United States ($793bn), Spain ($126bn), Britain ($87bn), Australian ($50bn) Italy ($48bn), Greece ($42bn), and Turkey ($34bn). Most are facing a housing bust. All are in trouble

http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/12/10/bcnambrose11.xml

Como Perrie 12:51 GMT December 10, 2007 Reply   
It might happen again if concerns expressed on following come as the eve gift

http://www.atimes.com/atimes/Middle_East/IL11Ak03.html

http://www.iht.com/articles/2007/12/10/news/politicus.php

Hong Kong Qindex 12:51 GMT December 10, 2007 Reply   
GBP/USD : Barriers are located at 2.0445 - 2.0466 - 2.0470 - 2.0486.

Hong Kong Qindex 12:48 GMT December 10, 2007 Reply   
GBP/USD : The market can move easily between 2.0445 - 2.0486

Syd 12:47 GMT December 10, 2007 Reply   
Northern Rock adds to RAB Capital's woes
RAB Capital, the hedge fund group that has built a near-on 7pc stake in Northern Rock since the onset of the credit crisis, has warned that its full-year profits will come it at the lower end of market expectations.

Hong Kong Qindex 12:47 GMT December 10, 2007 Reply   
GBP/USD : The market van move easily between 2.0445 - 2.0486.

Hong Kong Qindex 12:43 GMT December 10, 2007 Reply   
GBP/USD : It is heading towards 2.0516. A projected barrier is located at 2.0469.

CT Cris 12:42 GMT December 10, 2007 Reply   
CT Cris 10:11 GMT December 10, 2007
CT Cris 06:16 GMT December 10, 2007
GBP/USD
=======
BUY level if breaks 20340 tp 20380.
Sell level if breaks 20300 tp 20220.

breaks should be confirmed by close of 3bars 5mins chart.

mostly moving heading in one way direction.

=========
tp2 20440 tp3 20540

======
still in one way direction heading twd 20540

Como Perrie 12:41 GMT December 10, 2007 Reply   
Think It was in the 1914 the stock market crashed around xmas or year end

London NYAM 12:38 GMT December 10, 2007 Reply   
is//just waiting for NY to lead the way.
YH//Thanks ill take the luck. I would like to get that purse for my wife.

Hong Kong YH 12:38 GMT December 10, 2007 Reply   
isr is 12:36 GMT December 10, 2007
Good Luck to you too. Hope you 2 can make money too. GBP, please drop!!!

Como Perrie 12:37 GMT December 10, 2007 Reply   
stay short CHN too,, once It drops sub 40 gets into panic selling imvho

Hong Kong YH 12:36 GMT December 10, 2007 Reply   
London NYAM 12:29 GMT December 10, 2007
wow, you already reserve so many bullet for those shorts. Good Luck.

isr is 12:36 GMT December 10, 2007 Reply   
NYAM, no prob...i am also losing on GBPJPY but looks like patience to settle in...will turn shortly...

St. Annaland Bob 12:32 GMT December 10, 2007 Reply   
Hong Kong YH-- I wonder if you are around to promote book keeping service? ... seems you counting pips for everyone around ... relax, enjoy the trading!

Hong Kong Qindex 12:31 GMT December 10, 2007 Reply   
GBP/USD : It is not a good sign if it is rejected from 2.0445.

London NYAM 12:29 GMT December 10, 2007 Reply   
YH//LOL. Im not rich im using low leverage but yes I am losing money at present. I am at 227.73, 2.0389, and 111.60 2 sells left for gbp/jpy 1 for gbpusd and 5 for usdjpy.

Hong Kong YH 12:25 GMT December 10, 2007 Reply   
London NYAM 12:22 GMT December 10, 2007
you are so rich, can hold so many short of GBP/JPY. USD is totally underpressure now. EUR/USD is 1.4703, GBP/USD 2.0451. GBP/USD up 150pips again in 1 day, seem GBP/USD is up more easier than down.

London NYAM 12:22 GMT December 10, 2007 Reply   
No a year end rally would be bad for a short position in GBPJPY. My view is we have overexteded short term on equities and that they will rverse today during NY. Holding my positions until that plays out (if it doesnt then i will look for an appropriate exit). I do not expect 229.20/60 to break. I am looking for last sells (just hit one at 228.64 have another at 228.83 and last at 229.18. after that its stops for me.

Hong Kong YH 12:12 GMT December 10, 2007 Reply   
London NYAM 12:08 GMT December 10, 2007
May I know are you still shorting GBP/JPY and USD/JPY? not worry USD/JPY will test 112? GBP is the strongest today. If JPY really test 112, then GBP/JPY will really 230. Besides, DJI future is up too. Year End Rally will not benefit to short JPY. Do you think so?

London NYAM 12:08 GMT December 10, 2007 Reply   
looking for GBP/JPY should stall 228.61 to 228.87.

Hong Kong Qindex 12:05 GMT December 10, 2007 Reply   
GBP/USD : The market is going to challenge 2.0445.

quito_ecuador_valdez 12:04 GMT December 10, 2007 Reply   
And this new proposed currency...what 'standards' would be set forth (as was the case with ECB) of members? Half these nations can't pay debts, Ecuador has gone so far as saying it's debt with WB is illegal, therefore not payable. So what gold reserves would be backing the new Sucre? What payment "standard"? Bottom line, would -YOU- buy this? I suspect Chile, Brazil, Argentina will be the go getters in this with clingons like "the rest" grasping for a toe hold. That's the neg side. The pos side is that China is making mega inroads into S.A., we all know who'll be the world's biggest consumer in about 10 years (or less). So go figger.

Como Perrie 12:02 GMT December 10, 2007 Reply   
quito_ecuador_valdez 11:59 GMT December 10, 2007


given current conditions, the problematic Brady bonds reshuffles, the yet hidden argentina's debt and the like...too different political paths and agreements...etc. list gets longer and longer...if any sucre or whatever per year 2030-40 would be optimistic a call

quito_ecuador_valdez 11:59 GMT December 10, 2007 Reply   
Como, well that's very true, the time element. Knowing Latinos tho, it's all B.S. talk anyway, but the point is they're "meeting" at high level. I'm a bit worried of the Pancho Villa method of "shoot first, think about it mañana" Chavez-Morales_Castro mind set, so who knows what'll happen regarding this "new Sucre" idea. The nightmare is "who'll administer this?" Chavez? LOL

Como Perrie 11:57 GMT December 10, 2007 Reply   
September 92 have also had my best monthly trading score. It was so clear to blow, contrary to the whole optimistic news printed :))

Hope to do something alike in the 2008

Como Perrie 11:48 GMT December 10, 2007 Reply   
quito_ecuador_valdez 11:42 GMT December 10, 2007

I would just remind that It took around 50 years politically to make the euro agreements. And some 15 yrs then to set technically the whole work to sat anew the currency system.. in between also some crises as the 92 one

quito_ecuador_valdez 11:42 GMT December 10, 2007 Reply   
There was meeting over the weekend of some South America countries' government heads regarding a copy cat model of ECB here... Banco del Sur ("Bank of the South" literally translated). For some time there's been rumblings to create a universal currency in South America. I don't know if this is a good idea or not. Panama and Ecuador use USD exclusively & Argentina uses it to a great degree but not 100%. When the USD tanks that's when they'll decide on this...so if you want to buy at least part of South America cheaply, at least Panama & Ec & partly Argentina, wait around, you'll get your chance. I am sure, knowing the typical Latin American screwed up mind they'll do this at the exact incorrect time to maximize the damage to USD using countries in the converstion to the universal "Sucre" or whatever they end up calling it. Glad I have at least half my cash in CHF.

Global-View Blog 11:36 GMT December 10, 2007 Reply   
Worth a read:

Economics Weekly - Sovereign Wealth Funds importance to the global economy

quito_ecuador_valdez 11:28 GMT December 10, 2007 Reply   
Commo Perrie,

Thanks much for your valued posts today. In case the oil scuffle in Ecuador gets inaccurate press (which likely it will) I've posted a quip on Political Forum to help keep you informed. While Ec's oil production is a drop in the barrel, it's good to know anyway.

<><><>VALDEZ<><><>

Sofia Kaprikorn 11:27 GMT December 10, 2007 Reply   
E/J daily chart - just broke thru 55 day MA at 163.72...

with accumulation in the 159 - 163 range - I assume the range will be raised higher boosted by the risk appetite and SU, EU markets going higher..

PAR 11:24 GMT December 10, 2007 Reply   
USDJPY aiming for stops above 112.00 and 112.50 .

Gen dk 11:22 GMT December 10, 2007 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Como Perrie 10:33 GMT December 10, 2007 Reply   
U.S. bank JPMorgan said on Friday precious metals could rally in 2008 as the U.S. dollar falls and supply flattens, ranking the sector the strongest among all commodities for next year.

Expectations of further rate cuts in December, record-high crude oil and uncertainty in the U.S. credit market propelled gold to above $845 last month -- a whisker away from the record peak of $850 hit in 1980.

Como Perrie 10:31 GMT December 10, 2007 Reply   
Gold has been stuck in a tight range in recent days ahead of the Fed rate decision on Tuesday, and some investors were cautious after data showing steady U.S. job growth cooled expectations of a large cut in key interest rates.

Como Perrie 10:15 GMT December 10, 2007 Reply   
Syd 10:07 GMT December 10, 2007

Yaep... Also on sundays newspaper there were lotsa artciles about the Belgium Split

Sofia Kaprikorn 10:15 GMT December 10, 2007 Reply   
i got it.. tnx!

PAR 10:14 GMT December 10, 2007 Reply   
Also French banks facing problems .
http://online.wsj.com/article/SB119727458616519154.html?mod=hps_us_whats_news

Como Perrie 10:11 GMT December 10, 2007 Reply   
Markets have already fully discounted a 25 basis points cut in the U.S. benchmark interest rate, taking it to 4.25%, as some even overinvested agressively for a half percentage point cut in the Fed's fund target rate. Which was very agressive and risky move imvho. I'll see tomorrow.

CT Cris 10:11 GMT December 10, 2007 Reply   
CT Cris 06:16 GMT December 10, 2007
GBP/USD
=======
BUY level if breaks 20340 tp 20380.
Sell level if breaks 20300 tp 20220.

breaks should be confirmed by close of 3bars 5mins chart.

mostly moving heading in one way direction.

=========
tp2 20440 tp3 20540

London NYAM 10:09 GMT December 10, 2007 Reply   
Kapricorn//Hi. If you check my posts from friday and last night that should answer your question. I trade two ways, two positions and 4 to 6. When i trade two positions im trying to time it for swings and i have a low threshold for risk. That would usually be for g/j but now i am trading positions for the next, hopefully, larger swing. Admittedly the g/j is the least favourable in appearance on the charts but i am pretty confident that cable has yet to settle on a swing low.

Syd 10:07 GMT December 10, 2007 Reply   
S&P Report: Strong Euro Will Add To Auto Supplier Risk In 2008




Sofia Kaprikorn 10:00 GMT December 10, 2007 Reply   
NYAM ...........
hi mate - why shorting with FTSE & DAX flying high?

I look the E/J & G/J 4H charts - both look like wanting to push the Upper BB higher..

St. Annaland Bob 09:59 GMT December 10, 2007 Reply   
Iran attracts tourists? ... maybe it's tourists attract bullets!

hk ab 09:58 GMT December 10, 2007 Reply   
exit all short on eur from 1.4942.

Syd 09:52 GMT December 10, 2007 Reply   
Paris ib 09:50 yes they still go to buy carpets

Syd 09:48 GMT December 10, 2007 Reply   
Report: French Tourist Shot Dead In Iran -AFP

Syd 09:44 GMT December 10, 2007 Reply   
Northern Rock this week faces a mass sell-off by shareholders if as expected the stricken bank is ejected from the list of top 100 companies on Wednesday. FTSE tracker funds, led by Legal & General, will sell their holdings in the Rock when it stops being a member of the FTSE 100. It is estimated almost 10% of the bank is owned by passive tracker funds that have remained invested in the bank despite its value falling from more than £5bn to about £430m this year.

Como Perrie 09:34 GMT December 10, 2007 Reply   
Recent Hike In Chinese Reserve Ratio Signals Stringent Policy Decisions Ahead []

Monday, December 10, 2007 1:16:12 AM - Stringent preemptive measures were very much in the cards, after the Chinese top policy makers said last week that the government was shifting its monetary policy stance from "prudent" to "tight” to cool an overheating Chinese economy.

Most analysts therefore, believe that the weekend decision by the Peoples Bank of China or PBOC to raise the Reserve requirement ratio or RRR to 14.5% is just the beginning of more such announcements to follow.

The DBS research group said Monday that given the strong economic data, it is likely that POBC would raise the one-year lending rate by 27bps to 7.56% and lift the one-year deposit rate by 36bps to 4.23% before the year-end.

"We continue to expect two hikes of the same magnitude in the first quarter and the second quarter next year," the Research group said. According to the Group, the persistent cyclical strength of China should warrant a stronger exchange rate and tighter monetary policy.

Instead of the usual 50bps jump on the reserve requirement ratio seen during the course of 2007, the PBOC raised it by 100bps on last Saturday. The move reflects the central bank's determination to contain credit growth and fight heightening inflationary risks, which persists despite raising RRR by 50bps each nine times earlier this year. The central bank also raised interest rates five times during the same period.

According to DBS research group, the acceleration of monetary tightening suggests that the authorities are not counting on a slower US economy to cool the Chinese economy significantly.

Swelling trade surplus nullifies POBC move

The central bank estimates the recent hike, effective December 25, would dry out liquidity to the tune of 400 billion yuan from the system.

However, analysts point out that China's ever ballooning trade surplus could negate what has already been done to reduce the supply of funds in the banking sector to restrain credit growth.

The National Development and Research Commission or NDRC projects that the trade surplus will be around USD300 billion in 2008, up from USD260 billion this year.

Official statistics showed that the CPI jumped to 6.5% in October, matching an eleven-year high registered in August, after it dipped to 6.2% in September.

The rebound of CPI growth despite measures to curb price rises is driven primarily by a 17.6% jump in food prices, which make up around 33.0% of the index.

Prices of industrial products showed enhanced growth since July, primarily driven by rapid economic activity. China's GDP expanded 11.4% in the first three quarters. The economy is projected to grow 11.6% this year before slowing to 11.0% in 2008, the Chinese Academy of Social Sciences or CASS said last Monday.

The CASS projected the CPI to rise 4.5% this year and 4.0% next year.

The annual Central Economic Work Conference concluded last Wednesday, said the primary task of China's 2008 economic work has been set to prevent the economy from becoming overheated and to guard against a shift from structural price rises to evident inflation.

The Conference called for rationalizing fiscal expenditure to boost structural adjustments. It wanted credit growth to be strictly checked to accommodate social demand and to promote a balance between foreign spending and earnings. New projects would go through rigorous examination.

The government would take forceful measures to curb price increases and intensify production of necessities, including grain, edible oil, meat and other products in short supply, the conference reiterated.

St. Annaland Bob 09:33 GMT December 10, 2007 Reply   
PAR-- high risk instruments responsible for the UBS losses, premium promised to SIN and ME players to hold the CHF bonds is just high. will that going to force UBS to take higher risk instruments to pay back the premium to the SIN & ME names? ... did Wilhelm Tell/Guillaume Tell/Guglielmo Tell so fine if the child was not his own?

Syd 09:30 GMT December 10, 2007 Reply   
Reports: Local Politician Shot Dead In Southern Russia -AFP

Syd 09:26 GMT December 10, 2007 Reply   
NICOSIA (AFP)--Russian Foreign Minister Sergei Lavrov warned on Monday that countries planning to recognize the independence of Kosovo should "think very carefully about the consequences."

"In that case those countries would be violating international law and we will not support the violation of international law," Lavrov told journalists during a two-day visit to Cyprus.

"This will cause a chain reaction in the Balkans and other areas of the world and those making such plans must think very carefully about the consequences

PAR 09:24 GMT December 10, 2007 Reply   
UBS must be in big trouble paying 9 % on a CHF convertible bond while CHF interest rates are at 2 % . Very good deal for the Singaporese and Middle East investors who are buying these bonds .

CT Cris 09:05 GMT December 10, 2007 Reply   
CT Cris 06:16 GMT December 10, 2007
GBP/USD
=======
BUY level if breaks 20340 tp 20380.
Sell level if breaks 20300 tp 20220.

breaks should be confirmed by close of 3bars 5mins chart.

mostly moving heading in one way direction.
=======
tp2 now 204.40


London NYAM 09:01 GMT December 10, 2007 Reply   
more shorts hit: Gbp/usd at 2.0361 and gbpjpy at 227.71.
GBPUSD looks like its completing a triangle correction off the lows at 2.0178 with a break out e-wave that could get into the low-mid 2.04s.

Syd 08:55 GMT December 10, 2007 Reply   
Look for speculation over another Chinese rate hike to increase if new CPI data due later Monday comes in above the 6.5% forecasts. The PBOC may have already lifted bank reserve requirements for the 10th time this year over the weekend, just before the release of data showed China's PPI rising by 4.6% instead of just by 3.4% as expected. "The PBOC has not delivered a widely expected rate hike as yet and a CPI figure close to the top end of forecasts would surely raise questions of a near term rate hike to follow the rise in reserve requirements announced over the weekend," says Bear Stearns International.

tokyo ginko 08:53 GMT December 10, 2007 Reply   
sold gbp/usd position established..GT all

Gen dk 08:48 GMT December 10, 2007 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

madrid mm 08:43 GMT December 10, 2007 Reply   
Test your trading knowledge! Simply take the quiz below ....

Click here!

PAR 08:20 GMT December 10, 2007 Reply   
$ 10 billion for UBS . But what will be coming out of Germany ?

http://www.forbes.com/markets/feeds/afx/2007/12/10/afx4420359.html

This could be more than $ 10 bill.

St. Annaland Bob 08:18 GMT December 10, 2007 Reply   
great and happy morning ... the current financial "crisis" runs according to plan, no one can claim the "crisis" is not someone's agenda ... otherwise, how's that possible that historical record high bonuses exchanged hands in the banking industry?! ... happy and safe trades!

madrid mm 07:00 GMT December 10, 2007 Reply   
Have a gr8 day 8-)

madrid mm 07:00 GMT December 10, 2007 Reply   
...and UBS ha to write down 10bln US$ about subprime

Better 10bln us$ at 1us$ = 1.13 CHF than 1us$ = 1.20 CHF

madrid mm 06:55 GMT December 10, 2007 Reply   
So, not only Brazil "produces" some of the best football players in the world, and now they have decided to create a SWF !!!

A fund with a Samba taste. I like it !!! 8-)

"* Brazil FinMin Mantega - Sovereign wealth fund to be created with primary aim of intervening in FX market to counter BRL appreciation - Financial Times."

madrid mm 06:53 GMT December 10, 2007 Reply   
BIS web page

http://www.bis.org/publ/qtrpdf/r_qt0712.htm

madrid mm 06:46 GMT December 10, 2007 Reply   
* BIS QTRly - Important to focus on potential losses from carry trades, non-bks becoming key FX players, central banks changing type and maturity of US debt instruments in search for yield, money market strains may be slow to fade, UK top hub in global financial network.

* OECD reviewing emerging nations" sovereign wealth funds - AFP.

* US TsySec Paulson - China recognizes need to let yuan rise, pace accelerating, recognition globally FX policy must reflect economic fundamentals - Reuters.

* USTR Schwab - Willing to use more litigation in China trade spat - DowJones.

* Japan PM Fukuda- Mustn"t hurt FX mkt in managing reserves, liquidity vital -DJ

* Japan Nov money supply M2+CDs +2.0%y/y, broad liquidity +3.5%, bk loans +0.7%.

* France FM Lagarde - Reforms to boost "08 growth 0.3% - Le Journal du Dimanche.

* Australia TradeMin Crean - Govt won"t intervene in FX market, let markets decide AUD level, export growth should be much better - DowJones.

* China hikes banks required reserves 1% to 14.5% as of Dec 25.

* China NDRC Bi Jingquan - Price pressure to remain heavy in "08 - DowJones.

* GCC to meet within days to discuss currency revaluations - Reuters.

* Brazil FinMin Mantega - Sovereign wealth fund to be created with primary aim of intervening in FX market to counter BRL appreciation - Financial Times.


[GMT]


08:00 Japan MoF Tsuda regular press conference.

15:00 US Philly Fed semi-annual Livingston survey release.

18:05 BoC Governor Dodge speech in Toronto.



[USD/JPY] and JPY crosses did little in Asia, holding for the most part in tightranges ahead of the FOMC decision tomorrow. The initial move was down in earlySydney-Wellington trading with USD/JPY off to 111.35, [EUR/JPY] to 163.21 and[AUD/JPY] to 97.34 on the back of reports of UBS subprime losses over the
weekend and that some of its REITs won"t be taking payouts, the latter which wasvehemently denied. A large Japanese name sold AUD/JPY in particular, taking outstops below 97.60. All the pairs regained poise after the Tokyo open on on-going
investment trust-related demand and importer settlement interest into the Tokyofix. USD/JPY traded up to 111.74, EUR/JPY to 163.67 and AUD/JPY to 97.84 beforemoving lower again on Nikkei losses. Japanese exporters and option players
remain on the offer from session highs. [NZD/JPY] traded similarly in a 85.99-86.52 range whilst [GBP/JPY] held between 226.50-227.00.

[EUR/USD] opened in Asia at 1.4650 after regional central banks bid it up from1.4615 late in the US session Friday. Asia proved to be very quiet with theprice action confined in a tight 1.4641-1.4659 range. An EUR/GBP sell-side flowhelped take EUR/USD off of its highs. Comments from French PM Fillon were
ignored. Bids are eyed ahead of 1.4615 while sellers are lined up ahead of1.4680. Stops are seen below 1.4600 and some above 1.4700.

[GBP/USD] opened in Asia at 2.0305 after a quiet US session Friday that saw USDgive back some of the ground made in the immediate wake of the US job report.GBP/USD dipped to 2.2095 early in Asia before bouncing to 2.0337 with GBP/JPYand on an [EUR/GBP] sell-side flow. Sellers topside ahead of 2.0350 discouragedfurther attempts higher and cable settled around 2.0315-20. EUR/GBP opened at0.7315 and sold off to 0.7205, later settling around 0.7210.

[USD/CHF] did little in Asia, holding in a 1.1276-97 range. [EUR/CHF] heldbetween 1.6521-47.


[The Nikkei] traded easy from the get-go, trading down from a post-open high of16,017.14 to 15,826.25 on some negative news out over the weekend beforesteadying and then paring losses into the close. It closed at 15,924.39, down31.98 points on the day. [TOPIX] closed at 1558.51, down 3.25. Most other
bourses in the region were also lower.

Syd 06:24 GMT December 10, 2007 Reply   
madrid mm 06:21 ok bart

madrid mm 06:22 GMT December 10, 2007 Reply   
“I am not young enough to know everything.”
Oscar Wilde

madrid mm 06:21 GMT December 10, 2007 Reply   
Syd 05:49 GMT December 10, 2007

it was not me !! 8-)

madrid mm 06:21 GMT December 10, 2007 Reply   
Hello and GM FX Jedi from the "Carry trade" Galaxy,

Another week, other opportunities 8-)

Syd 06:19 GMT December 10, 2007 Reply   
UBS To Write Down Subprime Holdings By Another $10Bln

CT Cris 06:16 GMT December 10, 2007 Reply   
GBP/USD
=======
BUY level if breaks 20340 tp 20380.
Sell level if breaks 20300 tp 20220.

breaks should be confirmed by close of 3bars 5mins chart.

mostly moving heading in one way direction.

memphis PK 06:02 GMT December 10, 2007 Reply   
any view about Eur/jpy plz? TIA

Lepanto 06:01 GMT December 10, 2007 Reply   
GD MORNG DR Q. - I wonder whether you can make your usual monthly studies for this index ''http://investmenttools.com/futures/bdi_baltic_dry_index.htm''.
Inthe mtime i appreciate vm to see your montlhy studies/chart on
eur/chf and chf/jpy. mny tks in adv.

isr jweb 05:58 GMT December 10, 2007 Reply   
syd. good time to jump on the wagon and short usdjpy?

Syd 05:49 GMT December 10, 2007 Reply   
USD/JPY Surge Likely Due To Trading Error -DealerUSD/JPY falls back after surging to 111.78 after traders accidentally entered wrong value to buy USD/JPY, which also triggered stop-loss buying orders around 111.70, says senior sales dealer at European bank.

Syd 05:42 GMT December 10, 2007 Reply   
Market consensus has now shifted squarely to a cut in the U.S. of just 25 basis points as the U.S Federal Reserve moves to relieve a liquidity crunch. But the Fed is still expected to acknowledge inflation risks confronting the U.S. economy.

The odds of a 50-basis point cut in the U.S. have slipped from around 50% Friday to around 20% Monday, said Greg Gibbs, a senior currency strategist at ABN AMRO.

Ahead of the announcement by the Fed, the Australian dollar should "find it heavy going," said Cherelle Murphy, a currency strategist at ANZ Bank.

The Australian dollar was hampered Monday by data pointing to a soft patch in Australian housing sector demand, Murphy said.

"The data didn't help the mood surrounding the Aussie," she said.

The number of housing-finance approvals fell a seasonally adjusted 0.7% in October from September, the Australian Bureau of Statistics said.

Economists surveyed on average had expected a rise of 1.0% in October. The fall follows a 2.0% decrease in September, revised from 2.4%.
Commonwealth Bank of Australia chief economist Michael Blythe said the Reserve Bank of Australia's 25-basis point rate hike to 6.5% in August and global credit risk fears were the likely cause of the drop in the number of housing loans in October.

Syd 04:51 GMT December 10, 2007 Reply   
ROSTOV-ON-DON, Russia (AP)--A bomb exploded on a bus in southern Russia on Sunday, killing two people and wounding four others, officials said.

The blast occurred when a bus traveling from Pyatigorsk to Stavropol stopped at a station in the city of Nevinnomysk, about 1,050 miles south of Moscow, said Sergei Kozhemyaka, a spokesman for the Emergency Situations Ministry's branch in southern Russia.

A duty officer at the regional police headquarters later said investigators had determined that the explosion was caused by a bomb. The officer refused to give his name, saying he was not authorized to speak to the media.

The explosion in the back of the bus killed two passengers and wounded another four, including one who was in serious condition, Kozhemyaka said.

The incident took place in Russia's troubled North Caucasus, which is plagued by violence from feuding criminal groups, remnants of Chechen separatist groups, and other militant groups that target government and police.

An explosion on a bus in the same region on Nov. 22 killed five people and wounded a dozen others in what officials said was a terror attack.

Mumbai Jay 03:02 GMT December 10, 2007 Reply   
Shanghai BC 2353 gmt...Thanks vm; GL & GT.

Syd 02:36 GMT December 10, 2007 Reply   
An official at China's sovereign wealth fund said Monday he hadn't heard of a reported plan by U.S. private-equity firm Blackstone Group L.P. to launch a takeover bid for Rio Tinto PLC (RTP) that would rival the proposed offer from BHP Billiton Ltd. (BHP.AU).

"If there's such a bid planned by Blackstone, China Investment Corp. should be aware of it", the CIC official, who declined to be named, told Dow Jones Newswires.

Va Raven 02:30 GMT December 10, 2007 Reply   
shanghai bc 00:56

Well put, BC.

Syd 02:24 GMT December 10, 2007 Reply   
AFX News Limited
UBS may issue profit-warning, US credit loss of 8-10 bln sfr tomorrow - report
ZURICH (Thomson Financial) - UBS AG may announce a writedown of 8-10 bln sfr related to the US credit market crisis accompanied by a fresh profit warning tomorrow, Sunday newspaper SonntagsZeitung reported.

http://www.forbes.com/afxnewslimited/feeds/
afx/2007/12/09/afx4419755.html

Syd 02:13 GMT December 10, 2007 Reply   
Batten down hatches for the debt storm
9 December 2007
Warning signs are flashing, costs are up, house prices are down and homeowners should brace themselves for a rocky ride

http://www.dailymail.co.uk/pages/dmstandard/frame.html?in_bottom=http://www.thisismoney.co.uk/mortgages/article.html?in_article_id=427372&in_page_id=8&ct=5

Syd 01:39 GMT December 10, 2007 Reply   
Australian housing sector feeling pinch of higher interest rates as data show finance, approvals in downturn, says Matthew Johnson, senior economist at ICAP; adds data confirm slide that began before rate hikes in August, November. Loan values apparently getting smaller, suggesting tighter monetary policy working. Johnson expects to see further weakness, possibly extending into 2008 if retail banks increase spread between variable mortgage rates

shanghai bc 00:56 GMT December 10, 2007 Reply   

Oil and Gold market are saying Iran issue is a non-event..Currency market is saying Iran selling oil in non-Dollar is a non-event too..Follow the money ,not the people who work for the money :)

Syd 00:36 GMT December 10, 2007 Reply   
Van jv 00:35 GMT exactly they should be paid in chocolate drops or buttons

Van jv 00:35 GMT December 10, 2007 Reply   
Syd 23:59 GMT December 9, 2007
""""Iran could reach nuclear goal ‘in a year’"""
That reminds me situation prior invasion of Iraq , when
distinguished experts lined up to testify...
that implies that the US intel is incompetent---silly,who pay those experts?

Syd 00:34 GMT December 10, 2007 Reply   
The bureau said its trend estimate for the number of housing-finance approvals, which further smoothes seasonally adjusted data, fell 0.9% in October from September.

Syd 00:30 GMT December 10, 2007 Reply   
Australian Oct Housing Finance -0.7% Vs +1.0% Consensus

Syd 00:28 GMT December 10, 2007 Reply   
The series of lower highs since July, Fibonacci resistance and the presence of the 200 day SMA all point lower for NZDJPY. Add to the mix the wave pattern in the Dow; which suggests that the recent rally will be deeply retraced. The result is deep trouble for NZDJPY and carry in general.

http://www.dailyfx.com/story/topheadline/The_Dow_Will_Bring_
Down_1197063451637.html

Syd 00:20 GMT December 10, 2007 Reply   
Scale of shutdown in debt markets revealed
The Bank for International Settlements reveals today that companies in the UK have cut back on their borrowing at the fastest rate in over three years. In Germany, Europe's biggest economy and the world's biggest exporter, businesses paid back more than they borrowed for the first time since the 1980s.

http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/12/10/cnbis110.xml

Atlanta South 00:18 GMT December 10, 2007 Reply   
London NYAM
{Ref 16:50}Great post. Your post are admired by this trader. For quite sometime now I have followed your views & comments & must say they are spot on. Althought I have traded for many years, I learn something new each week from you & the other fine traders on this forum
Tks & Gt my friend.

 




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