Forex Forum Archive for 12/12/2007

Syd 23:55 GMT December 12, 2007 Reply   
AUD to come under pressure despite Fed moves on liquidity, with bigger picture now the strength of global and Australian economy, say nabCapital strategists. NabCapital notes volatile reaction to any signs of weaker growth; jobs data due 0030 GMT with market looking for unchanged 4.3% unemployment. Expects AUD/USD range 0.8666-0.8850, key support at 0.8650

Syd 23:53 GMT December 12, 2007 Reply   
saopaulo cg I think for many thanks

saopaulo cg 23:38 GMT December 12, 2007 Reply   
Syd,

thank you for all your posts. Appreciate all them.

Maybe for someone just when he will see the euro at 1.80 and "...the parabollic...." , etc, etc, etc, those will be good news.

Thank you again Syd.

Cambridge Jake 23:22 GMT December 12, 2007 Reply   
Geneva DS - Ancient phrase: "...and loss itself is the only discovery of gain." This is not sad. It is the essential insight that leads to the release of cultured sentiments from perception and to the appercetion of one's self indepedent of objectification.

If I may: There are 2 fundamental anxieties we can do nothing about. One(existential angst), arrogating to oneself the resources that belong to 6blln people, ie, "making a living". Two(ontological angst),that we cannot sustain this consciousness that so preoccupies us daily - until we fall, gratefully, asleep. Regardless of the contents of tomorrow you have to give it(you!) up to fall asleep.
Even to have spontaneous movements, like hitting a baseball at 90mph, you are not there. Natural ease occurs when there is apperception of one's inherent wholeness. Ecstasy is not the "up" but,literally, to "ec stare": to "stand outside" of oneself ot view oneself. It is silent and sudden. Best wishes.

Syd 22:56 GMT December 12, 2007 Reply   
Mtl JP 22:52 GMT its the first time I havent heard him calling for more rate cuts cant stand him dont believe a word he says

Mtl JP 22:52 GMT December 12, 2007 Reply   
Syd 22:23 / re Bill's "the system will require more."

It is absolutely amazing to me that this pimco communist thinks that one can devalue one' s way out of a gigantic pile of bad, stinki rotten debt. I ve said before on numerous occasions, many, many - both companies and individuals - will have to die and never come back again. Financial profits based of paperpushing other peoples' money by comissioned sheisters will never beat real economic profits based on honest and solid value added sales in responce to real market demand.

Syd 22:40 GMT December 12, 2007 Reply   
NZ's October retail sales decline indicate September's strong result was anomaly, "likely a blip" as consumer spending has been weakening broadly in recent months, says Bank of NZ markets economist Mark Walton; expects weakening trend to persist, adds RBNZ's 4 rate hikes this year have eaten into discretionary spending; "We are probably looking at a negative (sales volume) number for 4Q...there doesn't seem to be anything out there that's going to see the weakening trend turnaround."

USA BAY 22:29 GMT December 12, 2007 Reply   
GENEVA DS,

What's your outlook for aud/chf pls. tia

Syd 22:23 GMT December 12, 2007 Reply   
PIMCO Chief Investment Officer Bill Gross said Wednesday that he welcomed the the Federal Reserve's plan, in conjunction with other central banks, to inject liquidity into the debt markets.

However, in a live interview on Bloomberg television, he said the $40 billion injection to banks via term-fund auctions would not be enough.

"I think it is welcomed," he said, but added the $40 billion amount was "questionable" and "the system will require more."

"There are two $20 billion auctions over the next few weeks. It is certainly not enough. It is enough to promote Countrywide's liquidity but not much else," Gross said, in an apparent reference to embattled mortgage lender Countrywide Financial Corp. (CFC).

But Gross said he was confident that the central banks would continue to add more funds to the system until the key London interbank offer rate, or Libor, comes down. Libor is the rate at which banks lend to each other and is the basis for the pricing of many types of debt.

"We'll have to see how these repo operations, these auctions, succeed in terms of bringing down the Libor-to-Treasury spread. If they don't succeed, I expect the Fed to increase the size until they do."

Syd 22:19 GMT December 12, 2007 Reply   
GENEVA DS 22:11 there was in the UK a few years ago that decided to print only good news.... it lasted 6 mths

GENEVA DS 22:11 GMT December 12, 2007 Reply   
Syd... thanks for all your input and all the news.... still as I can see (and we all....) only bad news.... STILL... No crash at stock market.... no crash in Aussie... no crash in Kiwi-JPY..... no crash in EURO... etc.etc.. we will have to overcome a wall of worry for the rest of our live.... but this is good news... we will again manage it and will make money in being BULLISH on things and certain currencies.... good luck and thanks

Pecs Andras 22:11 GMT December 12, 2007 Reply   
Is this bad retail sales data positive for the Kiwi?

Syd 21:56 GMT December 12, 2007 Reply   
NZ's October retail sales posts unexpected across-board fall, with sharply weak core sales weighing; Statistics NZ says seasonally-adjusted sales down 0.7% on month vs September's +1%, expected flat; core sales down 1.1% vs September +0.4%. Statistics bureau says trend of monthly sales increases have slowed since May; core sales such as appliances retailing down 4.7%, department store down 1.1%, hardware down 4.8%. Outcome further confirms RBNZ's aggressive rate hikes this year hurting consumer spending, may signal less rosy picture for retailers this Christmas, New Year season. Result should please RBNZ as bank looks for concerted cooling in domestic demand to rein in elevated core CPI.

dc CB 21:56 GMT December 12, 2007 Reply   
Como Perrie 20:43 GMT December 12, 2007
dc CB 20:39 GMT December 12, 2007
do think US stocks to drop before year end

Taxes - you don't pay taxes on losses, at least not yet.LOL

I think the real issue is trust...no one will lend/or buy debt because so many have been royally screwed. The fear, the avoid-at-all-costs is "an indictable offense" at a WallSt Bank that could spill over into the political scene as court cases are held during the height of presidential elections. You've got NY Attny Gen Cuomo issuing subpeonas to all the WStreet Banks. And by the way, the sitting NY Gov is Elliott Spitzer who as a prosecutor went after Wall Street in a big way, so there's no love there. IMHO

Next week is Quad expiration, then the week after - who will be trading rather than taking off-thinness factor, so the market can get pushed up, as witnessed today, by rumors, which this group would tout as "transparency", but I call manipulation.

I think the thing to watch will be the market's reaction to the Invest. Banks reports in the next 2 weeks. Lehman reports tomorrow, then Morgan Stanley, Goldman, Bear; Mon, Tues, Thurs.

Syd 21:50 GMT December 12, 2007 Reply   
Anthony Bolton warns credit crisis will infect stock markets like a 'cancer'
Anthony Bolton, the legendary Fidelity fund manager, has warned that the contagion gripping global credit markets will seep into stock markets like cancer in 2008.

http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/12/12/bcnbolt112.xml

GVI john 21:43 GMT December 12, 2007 Reply   
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Como Perrie 21:30 GMT December 12, 2007 Reply   
I'll see the next show tomorrow..funny guys those PPT myths, more likely their psychologists have turned all traders into PPT extensions with their psychology tricks :)) nite

Syd 21:15 GMT December 12, 2007 Reply   
Olivant Advisors is threatening to abandon its attempted rescue of Northern Rock BBC News reported on its Web site Wednesday.

Hong Kong Ahe 21:00 GMT December 12, 2007 Reply   
USA BAY 20:49 GMT - Hi Bay, NZD is still holding firm by a sentiment that Rate not going to be cut as expected by Big boys. It also served as pivot recently. It has been successfully pushed towards 0.80 level. But 0.7850 to 0.80 level has entered RNZ bank intervention level. So sell it whenever it is above 0.7900. GLGT.

USA BAY 20:49 GMT December 12, 2007 Reply   
HONG KONG AHE,

Any view on nzd/usd and hence on aud/nzd. tia

Como Perrie 20:48 GMT December 12, 2007 Reply   
but regular intraday seems done...now switching globex

usdjpy has to hold above say 109.50 110 this week so presume BOJ will wait before entering

Como Perrie 20:46 GMT December 12, 2007 Reply   
am reading NYSE has yet lotsa sell orders imbalances to execute

Como Perrie 20:43 GMT December 12, 2007 Reply   
dc CB 20:39 GMT December 12, 2007

do think US stocks to drop before year end sharply due higher taxes proposals

Hong Kong Ahe 20:41 GMT December 12, 2007 Reply   
NYAM, you can buy back the purse for your wife. Hope the WII for your son too. Fed's Xmas present.

dc CB 20:39 GMT December 12, 2007 Reply   
major middle-finger-in-the-eye for Ben and company at the Short Killer Reserve.

Como Perrie 20:29 GMT December 12, 2007 Reply   
PAR 20:27 GMT December 12, 2007

They joined coupla hours later, but still just a bounce

isr jweb 20:29 GMT December 12, 2007 Reply   
hong kong - theres a way of trading these markets - for 10-20 minute periods, in - out in - out... lol

PAR 20:27 GMT December 12, 2007 Reply   
Why was hyperactive BOJ not included in the FED deal ? Borrow at 0.5% in Yen must sound interesting and ask Paulson to move to fixed exchange rates.

Como Perrie 20:27 GMT December 12, 2007 Reply   
Me just wondering if Dow Jones drops into 13100 faster than thought, but might be wrong in this assumption, even if fits the picture

Como Perrie 20:23 GMT December 12, 2007 Reply   
Pecs Andras 20:20 GMT December 12, 2007

Today lotsa people lost money, central banks maybe more - but Its not theirs so they do not mind much :))

Hong Kong Ahe 20:20 GMT December 12, 2007 Reply   
Syd 20:16 GMT - Not that easy to loan money. Prepare RollerCoaster for unwinding of Carry trades again? Fed played us to death. GLGT.

Pecs Andras 20:20 GMT December 12, 2007 Reply   
After a 290 points open in the green DOW is down 95 points.
AUD down 100 pips after a 200+pip rally.
I wonder who can trade this kind of a market...

Syd 20:16 GMT December 12, 2007 Reply   
The Federal Reserve Board will hold a Dec. 18 meeting to consider amendments to the "Truth in Lending" regulations. The Fed's rule proposal will address unfair or deceptive acts in mortgage lending.

Como Perrie 20:12 GMT December 12, 2007 Reply   
FED officials earlier said the bold move had nothing to do with yesterday and was planned time ago for central bank shortages of reserves and mortgages progressive defaoults balooning.

PAR 19:55 GMT December 12, 2007 Reply   
Bernanke probably asked PPT for some big last hour stock market rally as moral support for his bold move . Lets check with CNBC. Lol.

Como Perrie 19:22 GMT December 12, 2007 Reply   
Bonds hardly hit after intervention today. This bodes badly for the USDollar future. Risks of further USD sell offs and Gold over 850 are now bigger than ever.

Como Perrie 19:16 GMT December 12, 2007 Reply   
Prozac style of intervention, but guess the dose even if huge helps just partially...chaos ends always with several avalanches nobel prize demonstrated in 1994

madrid mm 19:12 GMT December 12, 2007 Reply   
Fed's Cut Spurs Shoulda-Woulda-Couldas-By Caroline Baum

Dec. 12 (Bloomberg) -- So much disappointment in so many quarters over something so expected. Go figure.

http://www.bloomberg.com/apps/news?pid=20601039&sid=auFySKExJnOI&refer=home


Lukoil May Switch to Oil, Gas Sales in Rubles Within Two Years

http://www.bloomberg.com/apps/news?pid=20601087&sid=aEWbIfJa19jc&refer=home

Mtl JP 19:02 GMT December 12, 2007 Reply   
nh 18:35 / I have no illusions about an imminent dissolution of the FED (or any other major CB), its fiat and return to Honest Money. Nor about any 180° turns in the spendthrift Congress for that matter. Good chance we get a re-run of 1930-1932 in next couple of years. And with an impressionable and raving Ben at "technology" (... that allows it to produce as many U.S. dollars as it wishes at essentially no cost") controls, I am young enough to have too vivid memories of the 18% - 14% 1981-1984 era. Ben needs to come clean with an extra clear communication explaining "at no cost" to whom.

Alaska Moon 18:49 GMT December 12, 2007 Reply   
You can watch a short time chart...10 min...of US.YEN and follow exactly the DJIA....

Makassar Alimin 18:46 GMT December 12, 2007 Reply   
it seems that eurjpy is trying to go up with every tick higher in stocks,but holding up well against every tick lower, not sure what this is all about, sign of delinking?

Alaska Moon 18:44 GMT December 12, 2007 Reply   
I allowed the end of the year...December...cost me quite a lot of money a few years ago. If nothing else, I learned that I was much better off to simply not trade during Dec.
I have watched several Dec since then and have not changed my mind yet !! LOL
It is for sure...anyone who was opposite of me probably made a "bundle" !! LOL
Moon

Livingston nh 18:35 GMT December 12, 2007 Reply   
JP - sand in the gears -- the gold standard is the financial equivalent of global warming -- financial luddites

Mtl JP 18:32 GMT December 12, 2007 Reply   
mm 18:17 / Do you think they are about to miss their first meal ? My heart bleeds already for the economic PhDs at the CBs.

"We didn't need a central bank when we were on the Gold Standard. People would buy and sell gold and the markets would do what the Fed does now." - Alan Greenspan

There are 2 things that will help American workers, retirees and anyone else holding USD fiat: One of them is "We will not need a central bank when we will be on the Gold Standard. People will buy and sell gold and the markets will do what the Fed does now. Only better." - Mtl JP

madrid mm 18:17 GMT December 12, 2007 Reply   
Mtl JP 18:02 GMT December 12, 2007

Yes you are right , sometimes money talks louder than words.
8-)

But all in all CBs do not have an easy job IMHO. Finding the right balance between growth and inflation is not an easy exercise.

Most of the time for them, it is " damned if you do, and damned if you don't ."

8-)

Gen dk 18:10 GMT December 12, 2007 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Bodrum OEE 18:03 GMT December 12, 2007 Reply   
I hope all is well

Briefly here.

The fact that the global conditions are worse is becoming clearer in perceptions.

Central Bank attempts could be of modest use; the damage is done (by irresponsible politicians in governance)

We have been witnessing possiby the highest volume "wealth shift" in history between geographies ; benefactors of the inflow of assets being BRIC countries and other emerging ones

I wish you happy holidays

Mtl JP 18:02 GMT December 12, 2007 Reply   
madrid mm / IF their English is so clear, why the need for "enhanced" communications? Do you understand the English in the math of govt officially and consistently claiming that inflation is in check at barely 2% ? It seems to me it is the Chinese and Arabs who have a much better understanding of Fed's English as they watch their dollars' purchasing power shrinking a lot faster than 2% every year.

Stockholm za 17:50 GMT December 12, 2007 Reply   

[¤v¤]
Rumour has it that the
FED, BOC, BOE, ECB and SNB – conspiracy orgy is well oiled.

Hong Kong Ahe 17:41 GMT December 12, 2007 Reply   
It seems market is waiting for the rate hike of Kiwi as expected. Anybody knows when? TIA

London NYAM 17:37 GMT December 12, 2007 Reply   
Closing USDJPY short and holding GBPUSD AND GBPJPY short overnight. Ciao.

London NYAM 17:32 GMT December 12, 2007 Reply   
Ahe//Thanks for that. I agree with your Yen assessment. But for today at least and possible tonight the pressure will be on I suspect. And then yes I will run away...or maybe go the other way if it drops enough. Thanks again GLGT.

madrid mm 17:28 GMT December 12, 2007 Reply   
Chairman Bennie has a big advantage compare to President Trichet, they all Speak English in the FEd a mother tongue.

Imagine a meeting at the ECB ... LOL
A French man, a German, a Spanish, a Greek etc...

LOL

Hong Kong Ahe 17:28 GMT December 12, 2007 Reply   
London NYAM 15:26 GMT - Now USDYEN is in 50% from 117.80 to 107 retracement at 112.50, 61.8% at 113.80. It is not yet over for YEN strengthening process. But I dont know how aggressive is the carry traders. The first Fed Loan auction is Dec17 next monday. The repro is as long as 6 months. The effect is still in questions as Citi boys last time was funded by paying for 11% for the warrant sale. It once had a sunshine day and it seemed all credit crunch matters were solved. If the credit crunch is really under control, all lines of USD should be stronger and not just versus YEN. I think the forex situation now is running out of control. Every news (fundamental or not), it is interpreted as Red/Green light for carry tradings. So I would suggest playing position and take profit and run away for a better Xmas. GLGT. me too.

London NYAM 17:25 GMT December 12, 2007 Reply   
Ahh sort of human.
Missed my sell limit on cable by 1 pip. And i didnt even tell anyone... This silence thing isnt helping...

madrid mm 17:21 GMT December 12, 2007 Reply   
After all, all these central bankers are human.... Well i think 8-)

PAR 17:20 GMT December 12, 2007 Reply   
Fed is not targetting inflation but Us stock market. Share prices must go up .

madrid mm 17:17 GMT December 12, 2007 Reply   
Waveman, you might be right.....

You see, IMHO, I believe there are many things going on between big institutions(CBs etc.), ie back slaping, scratch my back and i will scratch yours bla bla bla... And IMHO that s fine and "normal" to a point. The trick is TIMING.

Don t get me wrong as i do not know what is going on between them , but they sure are talking 8-) And as PAR says fromtime to time, talking interest rates might be boring after a while, as much as watching FX rates and so on... so they must be talking about wines , fishing etc. as well

8-)

Gen dk 17:17 GMT December 12, 2007 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

London NYAM 17:11 GMT December 12, 2007 Reply   
mm/gone surfing (selling the carry and the beast). So I guess in exchange for the deal they gave the wink to Kampo to long the carry and equities. Of course they will have to get out again....won't they.

manila stubbs 17:10 GMT December 12, 2007 Reply   
whoa! just saw the dow. lots of sellers out there. i hope it turns to red by closing. looks like we'll be visiting 13k again soon

madrid mm 17:09 GMT December 12, 2007 Reply   
London NYAM , Do you think that the Fed is now the biggest carry trader?

I don t have time to think and trade. My second half always tells me that as a man i can NOT do 2 or more things at the same time ... 8-)

Plus, Where have you been Wave man, PAR has telling us this for the last 500 years

8-) LOL

London NYAM 17:05 GMT December 12, 2007 Reply   
madrid mm 17:00//That would be really interesting. Here have some of your dollars back that we are holding. I wonder what interest rate they charged. Do you think that the Fed is now the biggest carry trader?

madrid mm 17:05 GMT December 12, 2007 Reply   
And Fabio Capello might become coach of the England football team. Now that is a good example of European integration , isn t it ?
8-)

madrid mm 17:03 GMT December 12, 2007 Reply   
And this usd/yen is "glued" to the @#$#$%^$%& 112.35sh lvl

PAR please tell Kampo to let it drop a little please !! LOL

madrid mm 17:00 GMT December 12, 2007 Reply   
There is a rumor in MYstreet that BoJ, Bank of China, Kampo lent money to FED and friends for this 24bln US$ swap. need to be confirmed though...
8-)

PAR 16:47 GMT December 12, 2007 Reply   
Also think BOJ and Kampo benefitted nicely . Anyhow a nice Christmas present for Wallstreet .

London NYAM 16:44 GMT December 12, 2007 Reply   
PAR//It would be nice to see GS trading results for the day.

PAR 16:41 GMT December 12, 2007 Reply   
What I dont understand is that the news qbout the Fed action was leaked to some media as CNBC before it was officially announced. A lot of insider trading going on at a huge scale and not inspiring confidence in efficient free markets.

London NYAM 16:14 GMT December 12, 2007 Reply   
Dollar yen and carry crosses barely budged on this equity bounce so far.

Maribor 16:00 GMT December 12, 2007 Reply   
Unbelievable how EURAUD jumped after 1,65 done. Wanted to buy some lower than 1,65, but slim chances...

London NYAM 15:55 GMT December 12, 2007 Reply   
Or maybe it will just wilt like a little flower?

London NYAM 15:49 GMT December 12, 2007 Reply   
First sale in GBPUSD. Likely get hit above. Might really go for it too.

Gen dk 15:39 GMT December 12, 2007 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Gen dk 15:32 GMT December 12, 2007 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

HK Kevin 15:26 GMT December 12, 2007 Reply   
Hong Kong Ahe 15:24 GMT, if market close at current levelstoday, i think carry traders have a upper hand for rest of the month.

London NYAM 15:26 GMT December 12, 2007 Reply   
Ahe//lol! Whisper to me and tell me your view on the yen...

Gen dk 15:24 GMT December 12, 2007 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Hong Kong Ahe 15:24 GMT December 12, 2007 Reply   
quietly shhh. LOLROTF. Yenosans style of tradings.

London NYAM 15:22 GMT December 12, 2007 Reply   
Well t/pd on my three shorts and looking for another level (quietly shhh).

HK Kevin 15:21 GMT December 12, 2007 Reply   
Just sold USD/CAD at 1.0110, stop above 1.0165

chicago ls 15:18 GMT December 12, 2007 Reply   
Hi all--anyone have spot/ imm (march) swap on kiwi?

Thanks much in advance.

Como Perrie 15:17 GMT December 12, 2007 Reply   
London NYAM 15:08 GMT December 12, 2007

Best thing to me is to stay simple, chit chat some here and there if anything, and do less trades possible but the good ones - me just talking with some friends in private from time to time

CT Cris 15:13 GMT December 12, 2007 Reply   
20 spicy pips can be eaten if buy gbp.usd now..buy another if decline.

Como Perrie 15:11 GMT December 12, 2007 Reply   
London NYAM 15:08 GMT December 12, 2007

:)) Well that is what they want..paranoyd society

beside they do have also offices of psychology and psychiatry too...lotsa interests beside they have to defend...the whole garbage paper sold to average rateritment schemes they used to build their own global companies aiming to govern the world

but honest people have been thrown out as not fully contollable

London NYAM 15:08 GMT December 12, 2007 Reply   
Well your making me paranoid Perrie. ;)
Guess ill keep more quiet then...

madrid mm 15:08 GMT December 12, 2007 Reply   
USA Skeptic

thanks, the internet is a wonderful ting most of the time.

Como Perrie 15:07 GMT December 12, 2007 Reply   
beside do know separate offices have data mining systems for news etc.

USA Skeptic 15:06 GMT December 12, 2007 Reply   
si madrid mm ;)

saopaulo cg 15:06 GMT December 12, 2007 Reply   
Fed and ECB knows something that we don't know.

And what about if after all this, we close on negative territory today???

Como Perrie 15:05 GMT December 12, 2007 Reply   
London NYAM 15:02 GMT December 12, 2007

they just see the many small fishes following you trough computer screening systems.. plus some TA levels that happens too many are following...most consultants list (whatever teqnique applied) after some good starts have had all series of bad results...

call It the market for dummies era :)))

London NYAM 15:02 GMT December 12, 2007 Reply   
Yes Perrie//Agree on overtrade issue. After a loss i don't usually go back in with guns blazing. Do you really think that posting levels on FF gets noticed by market movers?
Sold some gold with an add @822

madrid mm 15:01 GMT December 12, 2007 Reply   
Scalping only

madrid mm 15:01 GMT December 12, 2007 Reply   
i like pippin' so i sold some usd/yen here @ 112.33 and some more waiting higher if they want it .... Any taker ?

Como Perrie 14:59 GMT December 12, 2007 Reply   
London NYAM 14:54 GMT December 12, 2007

if can suggest good to not overtrade, nor throw around too many levels - food for the big squeezers, PPT and whatsoever mythology they would love to name It. Reason is they see levels and go for them..keep It private better and larger term only yet better imvho

madrid mm 14:58 GMT December 12, 2007 Reply   
Waveman , I dont like to be paranoid ...

Welcome to the pleasuredome of FX GVI Forum

8-) Thank god i had my lifebuoy

Where is PAR ? 8-(0
The tops above 112 were taken and well taken LOL I suspect PAR works at Kampo !!!!

manila stubbs 14:57 GMT December 12, 2007 Reply   
sorry i meant amman khalid

manila stubbs 14:56 GMT December 12, 2007 Reply   
tokyo ginko 14:54 GMT December 12, 2007
actually ive been reading the posts here for quite some time, i just hardly ever post. i still remember amhed khalid. :)
thanks for the welcome though

madrid mm 14:55 GMT December 12, 2007 Reply   
Emma Lazarus as in -

The poet , which a poem is graven on a tablet within the pedestal on which the Statue of Liberty stands ?

London NYAM 14:54 GMT December 12, 2007 Reply   
well no point in dawdling i suppose. if NY isnt willing to take up the baton then it will really stink up in the other direction. So with one stop at 2.0515 for now and ill dip my foot back in 2.0480 added to half from 2.0522.
I dont like to be paranoid but there is a lot of stop loss munching going on.

CT Cris 14:54 GMT December 12, 2007 Reply   
LA AI 07:37 GMT December 12, 2007

============================================= Thanks Cris!
I followed your posting and made 115 pips just now.
It was the biggest pip gain for my trading.
Good Trading.

I hope you made more than 200 pips from my signal...I know
most of the prof traders awaiting my signals...thks.

tokyo ginko 14:54 GMT December 12, 2007 Reply   
hi manila stubbs, havent seen your nick before, are u new in this forum ?

if yes, welcome to the site..

manila stubbs 14:51 GMT December 12, 2007 Reply   
btw, that suspicious looking spike took out all my stops too.

USA Skeptic 14:51 GMT December 12, 2007 Reply   
Sounds as though Emma Lazarus has joined the FOMC.

"Give me your tired, your poor, your huddled masses. Your wretched refuse". Now GS, Citi and the rest can give their wretched refuse or bad deals to the Fed in return for the chance to create more derivative garbage to peddle to the fools of the world.

madrid mm 14:51 GMT December 12, 2007 Reply   
Some bed time reading maybe...

Dec. 12 (Bloomberg) -- The following is the text of a news release today from the U.S. Federal Reserve in Washington:
http://www.bloomberg.com/apps/news?pid=20601087&sid=a0Ex9E75uE8s&refer=home

8-)

manila stubbs 14:50 GMT December 12, 2007 Reply   
shorted at 2.0518, still thinking whether i should wait or reenter again later. although gbpjpy looks poised to tackle 232 area. that wouldve been a much better level to short IMHO

London NYAM 14:45 GMT December 12, 2007 Reply   
Stubbs//It is a very suspicious looking spike. I want to see if it can stay below 205.10. Picked at it from 20522 and took it off again. Also took a small short USDJPY and GBPJPY. Dont want to jump in too heavy yet until i see a decent impulse again. Also like that we couldnt breach 2.0595 so it still leaves room for the possibility of a down swing. Im studying the equities chart to get a read on if this is indeed a nasty sucker move in illiquid markets.

manila stubbs 14:40 GMT December 12, 2007 Reply   
you guys notice the knee jerk reaction of the pound was stopped dead on its tracks right on the down trendline from the 2.1170 peak? lets close this hour off with a massive shooting star candle so we can get back on track to sub 2.000. you with me Nyam? :)

toronto Malver Santos 14:38 GMT December 12, 2007 Reply   
Kong Qindex 14:24 GMT December 12, 2007
GBP/JPY : It may tackle 232.95

it s my tp

the old trend line

madrid mm 14:33 GMT December 12, 2007 Reply   
Look at this usd/yen....

Well well well

tokyo ginko 14:32 GMT December 12, 2007 Reply   
sold usd/jpy here for position trade. GT all

saopaulo cg 14:32 GMT December 12, 2007 Reply   
pound is falling again.....

madrid 14:31 GMT December 12, 2007 Reply   
from the previous post
-quote-
All ``generally sound'' institutions can participate, the statement said.
-unqote-

What doe that mean nowadays when even UBS, considered in my books a GR8 name is writing down 10BUS$....

What a funny world indeed ! And why isn t BoJ, Bank of China, etc participating ? do they know something that we don t ? ...

The Netherlands Purk 14:27 GMT December 12, 2007 Reply   
Yipee, the pattern repeated itself, so now we have to watch 14660 for the completion!

madrid mm 14:26 GMT December 12, 2007 Reply   
Phheewww you got me worried there. No worries NYAM
8-)


Dec. 12 (Bloomberg) -- The Federal Reserve plans to ease ``elevated'' short-term funding pressures by injecting cash to banks through auctions and providing $24 billion in currency swap lines to the European and Swiss central banks.

http://www.bloomberg.com/apps/news?pid=20601087&sid=akyW9dXMs6jU&refer=home

Now we are talking .

Hong Kong Qindex 14:24 GMT December 12, 2007 Reply   
GBP/JPY : It may tackle 232.95.

London NYAM 14:24 GMT December 12, 2007 Reply   
mm//sorry it wasnt you. It never is. You are a fantastically generous contributer. I was referring to someone from the gentlmans club.

Como Perrie 14:23 GMT December 12, 2007 Reply   
guess good period to avoid short term trading and wait patiently for them to fail somewhere in the near future most probably...maybe early next year or upon Iran invasion

madrid mm 14:23 GMT December 12, 2007 Reply   
London NYAM 14:19 GMT December 12, 2007
mm/not giving up friend.

That is what i like to read 8-)

I did not intend to patronize . If it looked that way, please accept my apologies as it was not my intention.
8-)

Pecs Andras 14:21 GMT December 12, 2007 Reply   
I am reading an analysis saying that cable is lifted by the earlier employment report.
Maybe I am not reading it well, but what was pound positive in the report that came out earlier today?

Maribor 14:21 GMT December 12, 2007 Reply   
In my analysis DAX 8112 is turning point...

Como Perrie 14:20 GMT December 12, 2007 Reply   
yeap It was desperate intervention earlier...coupla hours ago they screened prices 5 central banks pout pourrie...BOC BOE ECB SNB FED - the minor ones acted onto local markets in same manner...just the risk of a crash was much bigger this time...

in the same time reserverse have dropped yet more astonishingly

ECB f.ex. shd be 40 pct below reserves of establishement, Gold community saying FED is leasing more gold than It has etc.

part of their assets is now garbage unusable paper and the story will go on till some of them drop out of biz

London NYAM 14:19 GMT December 12, 2007 Reply   
mm/not giving up friend. There is still a market to trade and the purse isnt that far off. Fortunately my stops were spread over the rise.
Interesting condescension though.

Hong Kong Qindex 14:18 GMT December 12, 2007 Reply   
GBP/USD : The market is going to head for 2.0631.



Hong Kong Qindex 13:02 GMT December 11, 2007
Subject:
GBP/USD : The current expected trading ranges are :-


... 2.0306 // 2.0329* - 2.0353 - 2.0376 - 2.0399 // 2.0423* - 2.0446 - [2.0469] - 2.0493 - 2.0516* // 2.0539 - 2.0562 - 2.0586 - 2.0609* // 2.0632 ...

Pecs Andras 14:17 GMT December 12, 2007 Reply   
NYAM
Cable started going wild much before that.

madrid mm 14:16 GMT December 12, 2007 Reply   
mark twain said something like
There are always 1000s excuses but never a good reason.

The market is
1/ all about price action
2/ driven greed and fear
3/ all about perception

etc

Waveman , # Don’t give up.

HK Kevin 14:15 GMT December 12, 2007 Reply   
Hong Kong Ahe 14:10 GMT, hope everthing is fine with you. Carry traders need some money for Christmas. The price action following FED rate decision yesterday and now tell me that they are very nervious.

toronto Malver Santos 14:15 GMT December 12, 2007 Reply   
carry trades are not collapsing afer all

Halifax CB 14:15 GMT December 12, 2007 Reply   
GVI Jay 14:11 GMT December 12, 2007
I think it's called being penny-wise and pound-foolish.

nj jf 14:14 GMT December 12, 2007 Reply   
seems 2 comments to make today
1. if you dont have real time news you are making a mistake
and
2. we have discussed leverage and what can happen if you dont trade with a plan alot lately- hopefully today these discussions proved the difference for some people.

London NYAM 14:14 GMT December 12, 2007 Reply   
14:01
*FED, ECB, CENTRAL BANKS ANNOUNCE JOINT EFFORT TO ADD LIQUIDITY

This was the apparent statement that has made the nuts go wild.

London NYAM 14:13 GMT December 12, 2007 Reply   
Well stopped out for half and quite a hit. And have decided to exit the rest here at 2.0520. Of course my computer decided to whack-out in the middle of that run. No purse for wife but ill watch to see whats up.

Hong Kong YH 14:12 GMT December 12, 2007 Reply   
Hong Kong Ahe 14:10 GMT December 12, 2007
what auction plan? totally no news?

isr is 14:12 GMT December 12, 2007 Reply   
what an ibex trade in 10 mins .....137 points....

Pecs Andras 14:12 GMT December 12, 2007 Reply   
In the last hour pound went up 200 pips, then in the last 5 minutes it came down 60 pips.
Whatever is going on here?

GVI Jay 14:11 GMT December 12, 2007 Reply   
How do you guys trade without news? We have the most economical; real-time news feed available just about anywhere yet it is like pulling teeth to get subscribers.

Hong Kong YH 14:11 GMT December 12, 2007 Reply   
buddy, not just currencies, stock markets suddenly up a lot. What happen? please kindly tell?

Hong Kong Ahe 14:10 GMT December 12, 2007 Reply   
Hong Kong YH 14:08 GMT - Fed announced auction plan. But I dont know why Carry traders interpreted it as BIG green light for them. GLGT.

Gen dk 14:10 GMT December 12, 2007 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

madrid mm 14:10 GMT December 12, 2007 Reply   
the more i trade , the more confused i am becoming !

- Don’t go crazy with leverage

Hasselt Red 14:09 GMT December 12, 2007 Reply   
Halifax CB

much appreciated, thnx

Hong Kong YH 14:08 GMT December 12, 2007 Reply   
What happen? how come suddenly all currencies up >40 pips? any news buddy?

madrid mm 14:07 GMT December 12, 2007 Reply   
Halifax CB

thx

St. Annaland Bob 14:07 GMT December 12, 2007 Reply   
I cannot hold myself from saying stupid things ... chart can stand any price action, trader's a/c does not ... happy trades!

Halifax CB 14:06 GMT December 12, 2007 Reply   
Hasselt Red 13:55 GMT December 12, 2007
It's possible - go to Wikipedia and look up hyperinflation. But with respect to the USD, it's just a tiny probability (it takes a "perfect storm" of mismanagement to make it happen). The USD has been in a steady decline for the last half decade or so against many ccy's but it's been able to manage that readjustment w/o a tectonic shift in social structure, so a total crash is highly unlikely (famous last words, I know...)

Gen dk 14:06 GMT December 12, 2007 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

HK Kevin 14:05 GMT December 12, 2007 Reply   
Any news out?

Maribor 14:03 GMT December 12, 2007 Reply   
GBPJPY also did it...

isr is 14:03 GMT December 12, 2007 Reply   
My reccomendation, buy IBEX, sell Cable at 229.30.....

St. Annaland Bob 14:02 GMT December 12, 2007 Reply   
Angelika & Hillary in wet T-shirt contest ... Ahmed, Hugo & Gisele as the jury ... KIWI and PAELLA for the crowds ... will it go to 14760 today?

madrid mm 14:01 GMT December 12, 2007 Reply   
Hasselt Red 13:55 GMT December 12, 2007

That is a gr8 question !

In theory i would say yes it could happen, but in practice i do not think so. But i am not an expert so, if others could care to comment.

isr is 14:01 GMT December 12, 2007 Reply   
I love FX, love FX...what markets, like the good all days...VOLATILY is so much FUN!!!!!

Maribor 14:01 GMT December 12, 2007 Reply   
NZD finaly make it...time to sell blips.

Maribor 13:59 GMT December 12, 2007 Reply   
Geneva 13:35 GMT December 12, 2007
Look like even if the dollar will be ZERO, there will be a negative trade balance!

Trade balance is negative because of general government is spending more than they get in. That will change with Hillary as president.

isr is 13:58 GMT December 12, 2007 Reply   
madrid, whats with the IBEX today??? no Fiesta???

madrid mm 13:56 GMT December 12, 2007 Reply   
St. Annaland Bob 13:54 GMT December 12, 2007

i don t like Paella !!
LOL

# Do not trade when signals are mixed

Oporto 13:55 GMT December 12, 2007 Reply   
HI!

Hasselt Red 13:55 GMT December 12, 2007 Reply   
madrid mm 13:51 GMT December 12

as you might know when a stock goes to zero-bid, it means it's got no value. I was wondering if something similar could happen to currencies....

madrid mm 13:55 GMT December 12, 2007 Reply   
fwiw, this is the end of the year. The credit market is in uncertain territory. From next week the market will see less and less players , so volatility will be on the rise.

- Never force a trade !!!!

Gen dk 13:55 GMT December 12, 2007 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Como Perrie 13:55 GMT December 12, 2007 Reply   
isr is 13:53 GMT December 12, 2007

some central banks will go bankrupt pretty soon, not tomorrow but next year if they hold this garbage cleaning service up is pretty sure

St. Annaland Bob 13:54 GMT December 12, 2007 Reply   
aMMigo, sell KIWI buy PAELLA

HK Kevin 13:53 GMT December 12, 2007 Reply   
isr is 13:46 GMT, I am waiting to sell Cale at 2.0590 if seen today.
NZD just marked 7897. It turns bullish if close above 7850 today. Really a blood bath for some traders

isr is 13:53 GMT December 12, 2007 Reply   
Perrie, you got it with the Central Banks....
This is where the FUN starts!!!!
Again, prepare to SHORT; SHORT; SHORT...All Equities....Suckers Rally!!!

madrid mm 13:51 GMT December 12, 2007 Reply   
London NYAM 13:45 GMT December 12, 2007
it is only money
8-)
" of course there are things more importnat than money. But you need so much money to get them."
Groucho Marx

Hasselt Red 13:44 GMT December 12, 2007
what do you exactly try to ask please ?

manila stubbs 13:48 GMT December 12, 2007 Reply   
Nyam, this is all oh so wrong...

London DG 13:48 GMT December 12, 2007 Reply   
Livingston, interesting thanks

Como Perrie 13:48 GMT December 12, 2007 Reply   
Central banks have no more room to store garbage paper thrown out from banks, hedge funds and junior traders.

isr is 13:46 GMT December 12, 2007 Reply   
NYAM i am so tempted to sell Sterling yet the strength of the day doesn´t seem to be the right thing to do!!!!

London NYAM 13:45 GMT December 12, 2007 Reply   
mm//well if it keeps this up some hedgie will have my wifes purse for Christmas...

Hasselt Red 13:44 GMT December 12, 2007 Reply   
folks, is there such thing as 0-bid with currencies?

Como Perrie 13:41 GMT December 12, 2007 Reply   
US DATA: Nov import prices +2.7%, largest monthly increase since
Oct '90

madrid mm 13:41 GMT December 12, 2007 Reply   
I am SO confuseddddddd waveman

I am wearing my lifebuoy !!!!

8-)

London NYAM 13:38 GMT December 12, 2007 Reply   
mm//"urf"ing the ways is definitely more appropriate. swallowing water in this choppy sea. ;)

madrid mm 13:37 GMT December 12, 2007 Reply   
I see double again...
Time to go back to tea
8-)
NYAM surf the waves !! urf the waves !!!

Geneva 13:35 GMT December 12, 2007 Reply   
Look like even if the dollar will be ZERO, there will be a negative trade balance!

London NYAM 13:35 GMT December 12, 2007 Reply   
Geo/Impressive swings.
Sold back half my stoped position at 2.0466
mm//stop that will you!

HK Kevin 13:33 GMT December 12, 2007 Reply   
Stop out of my short NZD from 7846 at 7875. Funny market/

PAR 13:32 GMT December 12, 2007 Reply   
Us oct deficit with Japan $ bil 7.9 vs sep $ bil 6.1 . Waw.

Edi Geo 13:29 GMT December 12, 2007 Reply   
NYAM

ECB fix...very very thin

madrid mm 13:28 GMT December 12, 2007 Reply   
London NYAM 13:25 GMT December 12, 2007

That s me ...i am bored !! 8-)

London NYAM 13:25 GMT December 12, 2007 Reply   
Either the market is really thin or someone with more money than brains is pushing cable around like a toy boat.

USA Skeptic 13:08 GMT December 12, 2007 Reply   
People, bear in mind we have heard these or similar reports of emergency Fed meeting or actions with almost as much regularity over the past several months as we have heard PAR announcing KAMPO was defending USD/JPY at ###.##.

Livingston nj 12:52 GMT December 12, 2007 Reply   
DG - yesterday's meeting was FOMC - not usual to comment on Fed regulatory moves (e.g., reserves requirements, lending facilities, dealers)

London DG 12:40 GMT December 12, 2007 Reply   
Surely the FED would have commented on this yesterday? They would be mad to make this so called decision today?

London NYAM 12:29 GMT December 12, 2007 Reply   
This is like Chinese telephones. Still no solid source.....



From AP: But according to media reports, the Fed is actively considering all the tools at its disposal to pump more liquidity into the U.S. banking system. The Financial Times reported that the central bank could announce a move as soon as Wednesday.

and from the FT:
Hopes for Fed liquidity action stem stock losses
By Neil Dennis

Published: December 12 2007 11:05 - Last updated: December 12 2007 11:05

US equities were set for a rebound on Wednesday, helping limit losses on European stock markets, as the Federal Reserve prepared to make changes to the way it offers liquidity support to financial institutions.

Wall Street stocks fell sharply on Tuesday after the Fed disappointed markets with an interest rate cut of only a 25 basis points and failed to give a clear signal over the future direction of interest rates.

The equity recovery began in Asia, however, with most markets ending off their session lows. European stocks fell, but also recovered from their worst levels as US index futures traded sharply higher.

Speculation rose that the US central bank was preparing to unveil a new facility that would auction loans to banks, providing liquidity directly to a large number of financial institutions against a wide range of collaterol.

The changes, which could be announced as early as Wednesday, reflect a realisation among top Fed officials that their existing tools – open market operations and direct discount window loans – are having little effect on painfully high rates in the market for term interbank loans.

The Dow Jones Indstrial Average fell 2.1 per cent and the S&P 500 shed 2.5 per cent in reaction to Tuesday’s 25bp rate cut but the S&P futures contract was 11 points higher in early trade on Wednesday, indicating strong opening gains.

”There is an element of bargain-hunting on the cards for the open, but hopes that the Fed will shortly announce a new liquidity support programme are also tempting buyers back in,” said Martin Slaney at censored Global Markets.

The dollar made a knee-jerk move higher to the rate move, but also reversed its direction. By late morning in London, the US currency was on a weaker footing, falling sharply against the higher yielders as hopes of more stable financial market conditions prompted carry trade action.

The New Zealand dollar was up 1.5 per cent against its US counterpart and up 1.4 per cent against the low-yielding yen.

Government bond prices fell, reversing Tuesday strong bounce. This pushed yields sharply higher, with the 10-year yield rising 7 basis points to 4.04 per cent and the two-year yield up 13.5bp to 3.04 per cent.

The Netherlands Purk 12:27 GMT December 12, 2007 Reply   
I am improving my FF style. I do not comment on the writers story but on the contents.
So i will not bother to comment the Geneva DS thing, oops did it, last time.

The market is showing a 70 ish range today. Pattern of yesterday was, first looking for the high, than go down for 80 pips, than rebound back above the 147 thingy.
So far this pattern repeats almost the same, but now we have to see where the low and the last move up's high is.

USA Skeptic 12:21 GMT December 12, 2007 Reply   
This market reeks of book talking and churlish ignoramuses pouting like children because Sant - Father Christmas - Sinter Klaus did not bring them the Red Ryder BB gun or shiny Schwinn Roadmaster bicycle they demanded.

The Fed must be procactive while the ECB sits on its hands spouting the same tired lines about concern and brutality but continuing to act as the dug dealer to banks providing oceans of liquidity to feed the habits of the same speculators and evil-doers they so roundly denounce.

Total hogwash

London NYAM 12:19 GMT December 12, 2007 Reply   
Well after sitting here trying to get a clearer read, i am now starting to incline back to a position that this is going to be a nasty sucker punch. That is, watch out for a a rather disturbing secondary wave sell-off. The fact that we floated so quickly on a rumour doesnt justify the move to me. Feeling better now.

GENEVA DS 12:14 GMT December 12, 2007 Reply   
eventually people will run to swissy soon... market pretty long EURCHF here.... ufff... with this war story coming along... good luck...

GENEVA DS 12:14 GMT December 12, 2007 Reply   
eventually people will run to swissy soon... market pretty long EURCHF here.... ufff... with this war story coming along... good luck...

London NYAM 12:12 GMT December 12, 2007 Reply   
Thanks Syd.

Syd 12:11 GMT December 12, 2007 Reply   
Report: French Pres Says Danger Of War Exists With Iran -AFP

Syd 12:04 GMT December 12, 2007 Reply   
London NYAM I heard it the souce was CNBC today from someone being interviewed and agree with you there ..

London NYAM 12:01 GMT December 12, 2007 Reply   
12:00
Economic data (US,DEC): MBA Mortgage Applications out at 2.5% vs. 22.5% prior read.

ouch.

Jerusalem ML 12:00 GMT December 12, 2007 Reply   
Hi All

Tip of the day -

BUY GBP/USD here,
target 2.0520

good luck.

London NYAM 12:00 GMT December 12, 2007 Reply   
Syd// Aside from that quote from Rory "various media sources"? Anyone have a real source on the leak and its originator?It really is hard for me to believe that the Fed is going to let itself appear so pathetic.

Syd 11:51 GMT December 12, 2007 Reply   
Maribor 11:37 and make the biggest cockup of all time

Maribor 11:37 GMT December 12, 2007 Reply   
PAR, I don't think so...if they do, that could be regarded as situation is much worse than thought.

PAR 11:33 GMT December 12, 2007 Reply   
Fed to make new announcement today after yesterdays statement ?

melbourne DC 11:23 GMT December 12, 2007 Reply   
Syd 11:08 GMT December 12, 2007
no worries. wasn't sure if u refering to rory opinion, so just point the quote is sloppy. though shoud note rory does expect fed to ease much more, and naught to do with how mkt reacts. He is one of earliest bear i know (started a ' US recession watch' almost 12mths ago and had at that time focus on labour mkt as THE piece to watch for that) apart from the perpeptual bear like pimco.
Don't subscribe to media wierd characterisation of market as a single entity so nothing to comment.

Syd 11:08 GMT December 12, 2007 Reply   
DC , cb my point is that it seems the Fed are being bamboozled by the crowd on wall street funds etc , if they dont like it they maneuver the equities lower until they get want they want similar to a spoilt brat

isr is ) is about right

melbourne DC 10:59 GMT December 12, 2007 Reply   
Syd 10:38 GMT December 12, 2007

if refering to rory ... his words were " **I don't know exactly what to make of these reports. Perhaps the Fed is responding to the poor market reaction to today's policy moves. Or perhaps .. .. .. "

dc CB 10:59 GMT December 12, 2007 Reply   
Syd 10:38 GMT

dc CB 00:11 GMT December 12, 2007
Why does stuff like this make me think of Valerie Plame. Those shorting be afraid, be very afraid. LOL

isr is 10:49 GMT December 12, 2007 Reply   
on the quote....U.S. Fed considering further moves to ease credit crunch as early as this week.....
Please all take note that the FED is limiting its ability to control the markets every time they lower rates!!!
Not only they will eventually be unable to lower the rates below, say 0, but also they are giving into the hands of all traders like us....
GO SHORT, SHORT, SHORT equities at good levels and we will be doing good for ourselves!!!
LONG GOLD is the same trade....good luck!!!

Syd 10:38 GMT December 12, 2007 Reply   
cant believe this article
Macquarie Bank economist Rory Robertson says various media reports suggesting that U.S. Fed considering further moves to ease credit crunch as early as this week, may stem from negative market reaction to 25 bps cuts in funds rate and discount rate. "Perhaps the Fed is responding to the poor market reaction to today's policy moves. Or perhaps some of the regional Feds are not keen on discount-rate cuts but are being dragged there kicking and screaming by the Head-Office heavies in Washington (this guess is based merely on some Fed Presidents' well-advertised lack of enthusiasm for aggressive policy easing)." WSJ report suggests Fed may be considering a further pre-Christmas cut to discount rate, maybe even this week. Meanwhile, Financial Times report says Fed may unveil a new liquidity facility through which it will auction loans to financial institutions, with announcement perhaps coming as early as today.

London NYAM 10:37 GMT December 12, 2007 Reply   
Stopped out of 1/3 gbpusd short at 2.0451.

Gen dk 10:37 GMT December 12, 2007 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Syd 10:34 GMT December 12, 2007 Reply   
London NYAM 10:33 definitly

London NYAM 10:33 GMT December 12, 2007 Reply   
Syd//thanks for that. A case of "show me the money."

Syd 10:31 GMT December 12, 2007 Reply   
The rebound seen in carry trades Wednesday has been on the back of the talk that the Fed will introduce new liquidity arrangements later Wednesday. The big risk is that this doesn't materialize, says a UK bank trader. In which case he sees EUR/JPY heading straight toward 160.00 and USD/JPY below 110.00

PAR 10:11 GMT December 12, 2007 Reply   
Still looks like Us equities will have a positive week with the feds new plan to bail out Us banks in trouble .

Syd 09:56 GMT December 12, 2007 Reply   
Good article
Over the course of several centuries, Switzerland's banks have become used to foreigners turning up with bags of loot. Not all arrive in Zurich to buy chocolates and cuckoo clocks.

Gnomes of Zurich clock calamity in the making
When super-rich foreigners had "a problem", the Gnomes of Zurich (as Harold Wilson called them in 1964) were more than willing to lend a handhttp://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/12/12/ccjeff112.xml

Jkt Rick 09:48 GMT December 12, 2007 Reply   
everybody are in a golden period right now, ten years from now every trader would dream of this as the magnificent bush-era...it is only thanks to his policies that in a few short years billions have been made and millions of billonaires have been born. having excess cash and eroding value of dollars lead to rapid valuation of every single asset from stock markets around the world to commodities, oil, people didnt even want to touch brazillian stocks or oil....i think that in 10 years this will be historical and everyone would wish that bush should have been president forever.

London NYAM 09:34 GMT December 12, 2007 Reply   
and more:
09:31
Economic Data (UK, Oct): Avg Earnings inc bonus out at 4.0% vs. 4.2% exp. 4.1% prior. Avg Earnings ex bonus out at 3.6% vs. 3.7% exp. 3.7% prior. ILO Unemployment Rate out at 5.3% vs. 5.4% exp. 5.4% prior. Manu. Unit Wage Cost out at -0.1% vs- 0.1% prior.

London NYAM 09:32 GMT December 12, 2007 Reply   
Rick// I dont agree that the Bush plan (or paulson plan) will help US house pices. Helping out the bottom of the market to stay in wont help the middle bracket when their resets go in and they end up house poor. rental values will be hurt and the overhang of houses will remain a problem for prices.


09:30
Economic Data (UK, NOV): *Claimant Count Rate out at 2.5% vs 2.6% exp. Prior 2.6% *Jobless Claims Change out at -11.1k vs -5.0k exp. Prior -9.9k

madrid mm 09:29 GMT December 12, 2007 Reply   
isr is, thanks


Another one who will probably end up at GS 8-)

LONDON (AFP) - The world's fastest human calculator on Tuesday broke his own record for working out a 200-digit number using nothing but brain power to produce the answer in just over 70 seconds.!

Isr is, fwiw, you could go to google.com, news and do a search 8-)
Strong US$!

Geneva 09:28 GMT December 12, 2007 Reply   
isr is 09:24 GMT December 12, 2007

Bloomberg Dec 12 10:10 " China says weak dollar is bigger concerne than yuan"

Jkt Rick 09:28 GMT December 12, 2007 Reply   
i think stocks have alot of room down and by mid jan it would have lost 30% value and bernanke will go with a 50 point cut, but this would open pandoras box and the dollar will go towards 1.55 and there would be pandemonium everywhere... who is bernanke working for?? which wall st firm???

bush plan will help house prices but its just another american tax payer paying for somebody elses house.

St. Annaland Bob 09:26 GMT December 12, 2007 Reply   
Geneva 09:19 GMT December 12, 2007

let's hope that Chinese flexibility of opinions (and trading books) will remain with trades running in one's behalf. here is real classic post from BC (it says all about China our days):

--------------------------------------------------------------
shanghai bc 03:08 GMT December 6, 2007

One trillion Rmb left Mainland for HK for the last four months..The customs folks are ignoring money leaving Mainland in bags and cars although they stop money flowing into Mainland using the same method..Where the money go once they cross into HK as the final destination is anyone's guess too..The asset price in HK is likely to go through explosion next year too..Pboc's attitude is that " you can take your money anywhere you like but just do not bring back your money "..
--------------------------------------------------------------

isr is 09:24 GMT December 12, 2007 Reply   
Geneva, where is that written that China favors USD strong???

Geneva 09:19 GMT December 12, 2007 Reply   
"CHINA SUPPORTING STRONG DOLLAR"

hA HA HA.... WHAT A FUNNY WORLD! tHE US HAVE NO VOICE ANY MORE!

isr is 09:16 GMT December 12, 2007 Reply   
madrid, i also see many times duplicated postings!!!!

Como Perrie 09:13 GMT December 12, 2007 Reply   
tks PAR.. I see the verbal intervention now so long that prefer to look reality behind, but good to see how news feed the ducks :))

PAR 09:11 GMT December 12, 2007 Reply   
Bernanke finally going to go ahead with his helicopter trick .
http://www.msnbc.msn.com/id/22210640/

Gen dk 09:11 GMT December 12, 2007 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

madrid mm 09:05 GMT December 12, 2007 Reply   
am i the only one to see sometimes the same post twice ?


isr is 08:55 GMT December 12, 2007
that to 8-)

Como Perrie 09:04 GMT December 12, 2007 Reply   
more helps would be then cousing even worse scenario for the home related biz as for the federal home loan dept, the releted subrimes outstanding etc.. this time the crisis is not fianancial, but a credit crisis - which economically is worse...so a counter move is wellcome from FED officials, even if they cant say It they know It s coming

they need a counter sharp move at some point...

the august crisis is still alive and feeded as a chronic malaise, but apparently with no big results offered as red numbers growing all around...as UBS to close their year in red, so many others

also in US there s a huge number of courts already active for many falsification from banks on the loan practicies the SF Chronicle reported coupla days ago

but the buck might get some relief from and equity normalisation of values, which is clearly lower given the troubled balance sheets we see developing and hitting severeley the P/E ratio...at least so It will make sense to buy again at more normal prices - at here is just the dummy money getting in

The Netherlands Purk 09:03 GMT December 12, 2007 Reply   
The Netherlands Purk 06:55 GMT December 12, 2007
Waiting for the stops to be taken in e/u somewhere around 14720...

closed the 14720 at 14685.
I copied the pattern of yesterday.... just the pattern as i did not take a new position yesterday only closing the old ranger...

isr is 08:59 GMT December 12, 2007 Reply   
Tomas, you must be kidding!!!
If Germany is thinking of going back to the DMark, call it an end to the Euro. Where did u here that?If so, we should have seen it reflected on USDEUR but you never now...
Markets always are in for surprises!!!!

Como Perrie 08:57 GMT December 12, 2007 Reply   
Think FED statement was clear. Energy influences inflation, hence if he support stocks will risk to blow the complex Treasury funding, as no buyers will emerge in next auctions. Hence dollar collapses and rates explode on missing demand of money.

PAR 08:55 GMT December 12, 2007 Reply   
Why Kampo needs to intervene .
http://www.bloomberg.com/apps/news?pid=20601080&sid=afnmMQuCTYaA&refer=asia

isr is 08:55 GMT December 12, 2007 Reply   
madrid, a well prepared trader is NO guarantee of a money maker trader!!!!lol

Como Perrie 08:50 GMT December 12, 2007 Reply   
PAR 08:47 GMT December 12, 2007

nahhh..news speculation...he can't else the USD will bail out...economy has Its rules and he can't use monetary policy to help troubled banks much more than he is already doing

PAR 08:47 GMT December 12, 2007 Reply   
Bernanke will keep printing money .
http://www.reuters.com/article/bondsNews/idUSL1229182820071212

Como Perrie 08:47 GMT December 12, 2007 Reply   
PAR 08:43 GMT December 12, 2007

heard that on BBC report this early morn from Asean Markets. So far no speeches are scheduled for today. Trade Deficit, might get more importance in light of the US-China talks

I'll be more active there more probably, now mumbling time for some movie

bibi

GENEVA DS 08:46 GMT December 12, 2007 Reply   
PAR... thanks for your continuos insight in USDJPY..... btw we heard the same story at 119.-- , 118.--, 115,-- 113.--, etc.etc.... hope it works.... thanks for all..

madrid mm 08:46 GMT December 12, 2007 Reply   
-A well prepared trader, has a game plan
-A well prepared trader, accepts losses and knows that it is part of the business
-A well prepared trader is disciplined

8-)

PAR , 110 sounds nice and is a well rounded number
8-)

PAR 08:43 GMT December 12, 2007 Reply   
Kampo and Boj will keep defending 110.00 on USDJPY whaterver it takes . Fed disappointed by stock market reaction to fed cut will announce new measures this afternoon to support Us stock market and put more liquidity in the system throug an auction procedure .

London NYAM 08:36 GMT December 12, 2007 Reply   
NS/true longer time frames look totally rad dude.
tell you what i am pretty glad i t/pd on most of my possies last night this bounce has been brutal. glgt

madrid mm 08:34 GMT December 12, 2007 Reply   
KAMPO and Co must be at its old trick again 8-)

Yesterday i bet it took it all the way to 110.50 to take it back up to present level.

I wonder if the head of Kampo comes in every morning, takes a coin, flip it, head we sell, tail we buy..... 8-)

Geneva 08:31 GMT December 12, 2007 Reply   
Como Perrie 08:24 GMT December 12, 2007

Agrea, I think we had a big top on stocks!
As every thing goes trow dollars, this will be the first triger for rally, after we will see really bad numbers in europe and rate cut.......bla bla..

Maribor 08:31 GMT December 12, 2007 Reply   
NZD will be ready to short after it reached ~0,79.

isr bilbao 08:26 GMT December 12, 2007 Reply   
NZD- what was yesterdays´s high on NZDUSD....i want to start trading this pair.....7840 is good level to short it?target?

Como Perrie 08:24 GMT December 12, 2007 Reply   
Geneva 08:00 GMT December 12, 2007

If stocks drop clearly today again too might be... lotsa nervouss managers picking, stopping and rearranging at current

protectionism call from US-China talks would be read equities bearish in general imvho..but might take some time for news to realise It - as usual..

madrid mm 08:23 GMT December 12, 2007 Reply   
Mumbai NS 08:21 GMT December 12, 2007
London NYAM 08:18 GMT December 12, 2007

Thank you gentlemen 8-) You made my day.

Mumbai NS 08:21 GMT December 12, 2007 Reply   
mm lol not what is expected from u cheers !
NYAM look at longer frames not so depressing now gl gt

London NYAM 08:18 GMT December 12, 2007 Reply   
mm//lol. For starters the only decent place to surf in Europe is in Cornwall and they dont use euros they use pounds. bring your surf board there!
Seriously the Euro makes my head hurt too.

madrid mm 08:15 GMT December 12, 2007 Reply   
-euro/usd is just sitting on my ema2 and sma20 on the 3 hours chart
it is "vibrating" around this number 1.4680 at the moment
-it broke the 200sma on the 3h chourt briefly at1.4710
-it is still within the BB @ 1.4740 nd 1.4630

I wanted to sound like a techie this am. No disrespect whatosever to tech analysis.

Does it sould good to any of you ?

I am learning to surf the wave NYAM but i am still confused
8-)

HK Kevin 08:06 GMT December 12, 2007 Reply   
Sold NZD at 0.7846 earlier, stop above yesterday's high.

manila stubbs 08:03 GMT December 12, 2007 Reply   
isr is 07:48 GMT December 12, 2007
yup. and im following Nyam's stop at 2.047+

Geneva 08:00 GMT December 12, 2007 Reply   
We are in the last phase of the dollar weakning, may be last hours, this is history time!

GENEVA DS 07:59 GMT December 12, 2007 Reply   
como... what do you mean by currencies are undecided ?.... EURJPY up 161.90-163.75.... USDCAD down 10160-10050,, AUDUSD (where everybody made calls for a breakdown at midnight around 87.15...) is up to 88.00 .... not really undecided... it is just not going where most want.... gl

Como Perrie 07:55 GMT December 12, 2007 Reply   
currencies are bit undecided as waiting more news from bonds and stocks, most probably later on today from US - the larger picture so far is pretty clear, while short term the classic hunting and year end profit taking might emerge sooner this time too imo

GENEVA DS 07:55 GMT December 12, 2007 Reply   
now you can buy eurusd 6 month outright and you get first time a discount..... so are we now in for the final count down in USD ? next will probably be the final count down in EURO... they will start lowering rates very aggressively middle of next year... fun games will start...

Hong Kong Qindex 07:52 GMT December 12, 2007 Reply   
GBP/USD : The following is still valid :-


Hong Kong Qindex 13:02 GMT December 11, 2007
Subject:
GBP/USD : The current expected trading ranges are :-


... 2.0306 // 2.0329* - 2.0353 - 2.0376 - 2.0399 // 2.0423* - 2.0446 - [2.0469] - 2.0493 - 2.0516* // 2.0539 - 2.0562 ...

London NYAM 07:52 GMT December 12, 2007 Reply   
manila stubbs 07:47// thats good to hear. glgt

GENEVA DS 07:49 GMT December 12, 2007 Reply   
what is this anti carry rally in EURJPY and USDJPY again about...? really amazing... where it is gonna stop ? 166.50 today? or 169.00 highs again for christmas ?... any thoughts ? gl

isr is 07:48 GMT December 12, 2007 Reply   
stubbs, you just shorted at 2.0438¿???

manila stubbs 07:47 GMT December 12, 2007 Reply   
London NYAM 07:44 GMT December 12, 2007
those are my cores. made some pips in between tho. just entered again at 2.0438

London NYAM 07:44 GMT December 12, 2007 Reply   
stubbs//!!I hope you havent been watching the screen the whole time! And i hope you werent leveraged cause that must have been stressful if you were. lets see, but i think that was the high for today.

LA AI 07:37 GMT December 12, 2007 Reply   
CT Cris 06:12 GMT December 12, 2007
CT Cris 05:49 GMT December 12, 2007
GBP.USD will move in one direction find it with the start of trading. tp20490 if up.20300 if down.
breaks 20415 ...is the confirmation for up movement otherwise it will proceed down .

CT Cris 05:49 GMT December 12, 2007
GBP.USD will move in one direction find it with the start of trading. tp20490 if up.20300 if down.

============================================= Thanks Cris!
I followed your posting and made 115 pips just now.
It was the biggest pip gain for my trading.
Good Trading.

Como Perrie 07:37 GMT December 12, 2007 Reply   
if so, most probably global growth will stall for coupla years.

manila stubbs 07:36 GMT December 12, 2007 Reply   
London NYAM 07:31 GMT December 12, 2007
good god i hope we finally go below 2.0000, ive been waiting since 2.1000

Como Perrie 07:35 GMT December 12, 2007 Reply   
If am right and China does not respond in certain time, maybe It is already expired since last summer talks in Washington, a protectionism stance from US will start. There are already 50 amendments placed in Washington, just waiting for the green light.

A big economic switch imvho

London NYAM 07:31 GMT December 12, 2007 Reply   
stubbs//splitting stops in light of this strong attack 2.0447 1/3 2.0471 1/3 and 2.0521

manila stubbs 07:27 GMT December 12, 2007 Reply   
hey Nyam, where's your stop for gbpusd mate? TIA

Como Perrie 07:24 GMT December 12, 2007 Reply   
am also reading

Paulson, Wu Trade Protectionism Warnings During US-China Economic Dialog


U.S. Treasury Secretary Henry Paulson pushed the Chinese government Wednesday to move forward on economic reforms.

London NYAM 07:19 GMT December 12, 2007 Reply   
and last one 2.0439 x3 short

Maribor 07:16 GMT December 12, 2007 Reply   
GBPJPY is going to 229,5 turning point again.

London NYAM 07:16 GMT December 12, 2007 Reply   
The Netherlands Purk 06:55//Thanks Purk. I am there(as of last night). thats what i meant about the symbolism of the purse. My wife is best left half in the light, trust me.

Overnight limit hits 2.0369, 2.0398 and 2.0419 x2 gbpusd. and gbpjpy 226.59. and sold usdjpy here 111.14 with an order to add at 111.29 stop 111.49

Como Perrie 07:16 GMT December 12, 2007 Reply   
Paris ib 07:09 GMT December 12, 2007

:)) dunno

just CITI remind me of Solomon Bros in the 1985 holding up to much stressed paper in their pfolios

Como Perrie 07:07 GMT December 12, 2007 Reply   
There's a new CEO appointed at CITI an indian Vikram Pundit

The Netherlands Purk 07:02 GMT December 12, 2007 Reply   
As long as Tonto eats carrots he is happy. He is not happy when i short or long in the middle of the range...

madrid mm 07:02 GMT December 12, 2007 Reply   
May the force be with you all ! 8-)

madrid mm 07:01 GMT December 12, 2007 Reply   
* US Treasury Sec Henry Paulson, now in China, says that China needs a more flexible CNY to ward off rising inflation risks, noting that Chinese leaders have noted voiced concerns about inflation and asset bubbles. Many in US question whether benefits of trade with China are equally shared. Trade has become source of tension in US-China relations.

* China's Wu Yi says US legislation aimed at China would harm trade and damage US-China ties. US should not blame China for its structural problems. China is not seeking big trade surplus and will seek to boost domestic consumption.

* PBoC sets USD/CNY at all time lows of 7.3647, from yesterday's 7.3805 close as US Paulson comes to town. USD/CNY hit new traded lows of 7.3683.

* Chinese Vice Commerce Min Chen Deming says US trade deficit reflects structure of US economy. China is worried about impact of weak USD on global growth and would like to see a strong USD. China is not opposed to a stronger CNY, but pace of currency rise should be measured as overly rapid appreciation would be bad for the global economy.

* Fed source says Fed is actively considering all of the tools it has available to address liquidity issues. Not aware that funding pressures are getting worse - Reuters source.

* WSJ Fed Watcher Greg Ip: Fed Cuts Rates by Quarter Point Amid Strains in U.S. Economy. The Fed cut short-term interest rates for the third time this fall to soften the economy from a nascent credit crunch, and gave itself room to cut more

* RBA Dep Gov Ric Battellino says AUD is "on the high side", but adds AUD FX is justified. CDOs not systematic problem in Australia. Household finances are in good shape.

* Japan domestic CGPI for Nov +2.3%y/y, +0.2%m/m.

* Japan trade surplus for Oct +52.3%%y/y, rising to Y1.1584trln.

* Relatively stable markets in Asia, in a market still "reeling" from disappointment of "only" 25bps Fed easing, with Asian stocks broadly lower, and Cross/JPY under pressure. USD/JPY managed to edge back up from post Fed low of 110.48 - hit from 111.60-70 before the decision. USD/JPY a tad firmer on back of US invs houses buying and expected Japanese toushin demand, as Japanese invest their winter bonuses.

* Fresh bouts of Cross/JPY demand in afternoon session lifted USD/JPY to day highs 111.11.

Talks of large lot USD/JPY, NZD/USD, NZD/JPY, AUD/JPY buying in afternoon session, from Middle East, Asian, Japanese names and funds squeezed NZD/USD toward day and 1 month highs of 0.7856, up from 0.7770-80, and post Fed closing of 0.7730, with market seen caught short by the buying. NZD/JPY big mover, having hit 87.05-15, from 86.20-30 and NY closing of 85.50 level. AUD/USD, AUD/JPY firmer as well.

EUR, GBP back up on EUR/JPY, GBP/JPY and real money, sovereign demand. USD/CAD came under renewed sales from Canadian banks to 1.0082 from 1.0148, with bids at 1.0040-50.

Nikkei -0.69% or -110.65 at 15,934.08, but off its lows of 15.700.15. JGBs rally on US Treasuries rise post Fed, 10-yr yield -0.060% AT 1.520%.

Crude oil at $89.27.

Gold back above $800, at $804.25/75.

toronto Malver Sant 06:58 GMT December 12, 2007 Reply   
actually it hit my target which was the dayly pivot at 57

it it doesnt break in good styl e then im gonna close it

The Netherlands Purk 06:55 GMT December 12, 2007 Reply   
Waiting for the stops to be taken in e/u somewhere around 14720...
NYAM: you will get there again no doubt. Just keep the missus happy with facts and be honest to her, than she wont complain...

isr is 06:49 GMT December 12, 2007 Reply   
Malver. what is your target???

Mumbai NS 06:46 GMT December 12, 2007 Reply   
Repeat my question what time frame gl gt

toronto Malver Sant 06:44 GMT December 12, 2007 Reply   
cableyen is long

isr is 06:43 GMT December 12, 2007 Reply   
Thanks YH, i hope we see it up there again but I am inclined to look for the short side of it...lets see...

Hong Kong YH 06:40 GMT December 12, 2007 Reply   
isr is 06:34 GMT December 12, 2007
still plan to short GBP/JPY? a bit risky at this moment. DJI future is up 40pts. I think we should long first until 229. At that level, we can short again.

madrid mm 06:37 GMT December 12, 2007 Reply   
Hello and gm FX jedi,

It is time to recharge your laser sword !!!

As the year end is in sight , and some troubles in the credit market, expect the unexpected and to be choppy .

The market is like a mistress; as soon as you take her for granted, she begins to pout and flirt with strangers.

8-)

isr is 06:34 GMT December 12, 2007 Reply   
where is GBPJPY heading in the next hours? time to sell some more??

CT Cris 06:12 GMT December 12, 2007 Reply   
CT Cris 05:49 GMT December 12, 2007
GBP.USD will move in one direction find it with the start of trading. tp20490 if up.20300 if down.

=====
breaks 20415 ...is the confirmation for up movement otherwise it will proceed down .

CT Cris 05:49 GMT December 12, 2007 Reply   
GBP.USD will move in one direction find it with the start of trading. tp20490 if up.20300 if down.

toronto Malver Sant 05:38 GMT December 12, 2007 Reply   
Morgan Stanley has issued a full recession alert for the US economy, warning of a sharp slowdown in business investment and a "perfect storm" for consumers as the housing slump spreads.


Fed chairman Ben Bernanke will be hoping he can keep the US economy from recession
In a report "Recession Coming" released today, the bank's US team said the credit crunch had started to inflict serious damage on US companies.

Mumbai NS 05:37 GMT December 12, 2007 Reply   
am gud day mate can i ask ur time frame for audchf longs gl gt

Syd 05:37 GMT December 12, 2007 Reply   
wellington am 05:24 think your right , just hoping will get a few closing out position before christmas ,most years we get a good dip just before hope its the same this one :-)))

wellington am 05:24 GMT December 12, 2007 Reply   
Syd 05:10 GMT December 12, 2007
Thanks for those kind words. I'm just sitting on the shoulders of others. The way I see it, this morning's post fed action was just stop hunting. Central bankers have to create a lot more liqiudity to stop things falling over in a big way, and that means carry trades are on again, and PMs will continue to outperform. AUD/CHF looks particularly nice on the dailys.

Syd 05:10 GMT December 12, 2007 Reply   
wellington am hi, dow jones, problem is they seem to be of the moment, I am looking for short term bearish aud with a view to pick it up pre xmas if I can , but your the wizard on the Aud if I recall !!!

wellington am 05:04 GMT December 12, 2007 Reply   
Syd 23:35 GMT December 11, 2007
Bearish on ozzy and kiwi? Where is this analysis from?

I'm positioning the other way - long ozzy against the low yielders. AUD/NZD showing some nice buy levels now for position traders. AUD/CHF has been a buy on dips for a little while now - looking to lock in summer carry trade.

dc CB 04:17 GMT December 12, 2007 Reply   
Will the immediate unhappiness toward the Fed rate decision turn out to be delayed joy. Last cut resulted in an immediate display of joy. Quadrozillion witching hour Dec 21st!

Only 11 shopping days til Christmas.

Time to be FLAT :)

Syd 04:11 GMT December 12, 2007 Reply   
Mortgage firms rush to repossess homes as families feel credit crunch
Britain is facing its own sub-prime loan crisis as "aggressive" mortgage lenders rush to repossess thousands of properties, it is claimed today
http://www.dailymail.co.uk/pages/live/articles/news/news.html?in_article_id=501385&in_page_id=1770

Mumbai NS 03:44 GMT December 12, 2007 Reply   
Gm forum ! There are many who feel why hold jpy wuld agree with it on face value as it means a weak Japanese economy and so forth ....but before drawing a conclusion one needs to look into the genesis of this yen weakening ....it all started with BOJ intervening very strongly and FED raising rates ....there is a tendency to convert a loss into an opportunity and so did the carry trade come into play ....soon it became more than an opportunity ....it was a nice way to make quick bucks.... not that it has not been in the past...but then it opened a plethora of unending yen liabilities for the future....now the situation is Fed has been cutting maybe thru or some more to come but more notably Japan can raise rates in the future ....the yen liabilities which were used to create assets across asset classes are now demanding time to expiration related funding on the liability side of the books....where can then the usdjpy head to in the directional call of things.....just an early morning Indian recipe gud luck gl gt

HK RF@ 02:50 GMT December 12, 2007 Reply   
Yen indeed gave a surprise move, but once it climbs above 111.100 one may assume the yen bearish mood.

dc CB 01:06 GMT December 12, 2007 Reply   
AMS MAXXIM 00:17 GMT December 12, 2007
dc CB 00:11 GMT December 12, 2O07
Atomic Plume

One of the few of your posts I've understood. Including the one just a minute ago. :)

YVR MAXXIM 00:42 GMT December 12, 2007 Reply   
SilviculturEsmeristeam CLOCK IT

Hong Kong Qindex 00:41 GMT December 12, 2007 Reply   
USD/JPY : Keep an eye on 109.93.


Hong Kong Qindex 01:45 GMT December 9, 2007
Subject:
USD/JPY : Trading Reference : ... 100.59 - 102.31* - 104.04 - 104.90 // 105.76* - 106.62 - 107.48 - 108.34 - 109.20* - 110.06 - [110.93] - 111.79 - 112.65* - 113.51 - 114.37 - 115.23 - 116.09* - 116.95 - 117.82 - 119.54* - 121.26 ...

Remarks (USD/JPY) : The pivot center is located at 109.41 - 110.93. Projected resistant points are located at 112.65 and 114.37. Projected supporting points are expected at 104.45 and 105.76. My bias is on the downside when the market is not able to close above 111.99 in New York session. The weekly cycle pivot center is positioning at 110.49 - 110.76. Upside targeting points are 112.70 and 113.04. Downside targeting points are 108.28 and 108.48.

FW CS 00:18 GMT December 12, 2007 Reply   
dc CB 00:11 GMT December 12, 2007
Their secret arsenal is the printing press, right? Along with the ECB, BOC, BOE, BOJ. Bad day if you are a tree then.

Syd 00:17 GMT December 12, 2007 Reply   
MARKET TALK: Nikkei Down 2%; Sharply Lower,Likely To Hit 15600

AMS MAXXIM 00:17 GMT December 12, 2007 Reply   
dc CB 00:11 GMT December 12, 2O07

Atomic Plume ?where do you get your hair done

London NYAM 00:16 GMT December 12, 2007 Reply   
cb// probably because she is a hottie-hot-hot with brains to boot. But yes, like the undervlued surge (ultimatey a joke but presently a positive work in progress), market fears are now reaching sillyness (s/t of course). so buy the dollar across the board (and that means usdjpy too). Carry should take a back seat to attention for the dollar. good night. i luv you valerie.

dc CB 00:11 GMT December 12, 2007 Reply   
Why does stuff like this make me think of Valerie Plame. Those shorting be afraid, be very afraid. LOL
+++++++++++++++++++++++++++++++++++++++++
CNBC commentator reports that a fed source who asked not to be named said that the Fed still has under active consideration a set of tools to address the liquidity issue. The source would not say what those tools are, but the CNBC reporter suggested that these actions would occur in the very near term rather than later... CNBC reporter says other potential ideas based on historical discussions with the Fed include lowering the spread between the discount window and the funds rate or long term repo action that would put cash into market for a longer period of time. CNBC commentator also says that it is clear, based on the conversion, that other potential ideas are under discussion. CNBC commentator said the source did not say this but it's reasonable to assume.