Forex Forum Archive for 12/15/2007

madrid mm 19:50 GMT December 15, 2007 Reply   
Maybe just maybe , we could argue that when a super model demands to be paid in Euro , we could be reasonably sure that uS$ would like to show her hat it is strong enough to be loved agian .... .8-)

Hong Kong Qindex 11:54 GMT December 15, 2007 Reply   
AUD/USD : The critical supporting range at 0.8503 - 0.8560 is going to be challenged on Monday.

Prague viktor 06:03 GMT December 15, 2007 Reply   
ahoj Caba! the 25,5 and the 17,5 is the painfull points for the čnb..below that its so ugly all the doors are open to 22 anr 15.
amigo Valdes long time ..what is ur tagt. for the next year for the USD/EUR??TIA G/L G/T

Hong Kong Qindex 05:09 GMT December 15, 2007 Reply   
USD/CAD : The current expected trading range is 1.0141 - 1.0255. The first turning point is located at 1.0307. The chance of going back to 0.9765 is still there but the odds will change when the market is able to trade above 1.0253..

London NYAM 03:48 GMT December 15, 2007 Reply   
quito_ecuador_valdez 01:37//So would it be an argument for suspended buying of currencies against the dollar (and or perhaps inclusing selling of carry trades) until late January rather than an issue of actual price. If manipulation is occuring it would, one would suspect, be best donee during periods of low liuidity to run stops in the desired direction? This is compelling but i cant help but wonder, if this is orchestrated by political, profiteering, or economic engineering, and that even these can be countered y the vast real flows. Do they really go to sleep by December 12th?

Philadelphia Caba 03:46 GMT December 15, 2007 Reply   
Qindex, many thanks..appreciate it!

Hong Kong Qindex 03:34 GMT December 15, 2007 Reply   
EUR/GBP : The next turning point is 0.7064.

Hong Kong Qindex 03:31 GMT December 15, 2007 Reply   
EUR/GBP : The market is under pressure when it is below 0.7177 in New York closing.

Hong Kong Qindex 03:28 GMT December 15, 2007 Reply   
Philadelphia Caba 02:01 GMT - EUR/GBP : 0.7151 is a neutral position.

Philadelphia Caba 02:01 GMT December 15, 2007 Reply   
Hong Kong Qindex 14:52 GMT December 14, 2007
it's still up side bias..or am i wrong? thanks..

quito_ecuador_valdez 01:42 GMT December 15, 2007 Reply   
Keep in mind also fellas that this is year end approaching soon and there's a lot of squaring up going on that isn't regular FX at all...just random bustle at year end. Take a look at the year's chart for EUR/USD and you'll see that it's high time for a correction but not necessarily anything else. I'm just riding the pony, not trying to figure out where he'll take a dump.

quito_ecuador_valdez 01:37 GMT December 15, 2007 Reply   
This sudden rally in USD to me is not unexpected. Everything cycles and charts are not straight line. Good financial news is touted by pundits as reasons why USD gained. Personally I don't know if I believe that is the cuase for the rally. I've heard rumblings of intervention a couple weeks ago if things didn't straighten up on USD being undervalued + EUR overbought. Frankly, data or no data I don't see much has changed in the core econ of USA to warrent a rally. At times pundits will attach just about anything to a dip or rally to "justify" their existance as pundits (and protect their jobs) by saying "X happened, and cncy Y rallied". Any idiot can start with 20/20 hind sight and piece a puzzle together backwards and make himself look good and wise.

I would be the first to admit I'd be surprised as hades if USD continued to rally past January. With all that growth mentioned in recent data it will have to sustain itself to convince me that USD will continue strong. And the fact that USD has to be cheap for the exports to flow in order to handle the raging trade deficit USA sustains daily. I'd not count my chickens before they hatch on this rally because the Fed is likely going to have to take a look at core issues, and yes they said they'd make policy on data, we heard that before.

This is a most interesting time in FX, I DO KNOW THAT! Have a fine w/e all.