tokyo ginko 23:40 GMT December 27, 2007
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short eur/usd here for position play. GT all
Maribor 21:58 GMT December 27, 2007
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USDCAD heading to ~0,97 first...long term ~1,35.
usa 21:36 GMT December 27, 2007
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any idea on usdcad
USA Zeus 21:28 GMT December 27, 2007
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GBP/USD 2.0000 is coming (again)
Maribor 21:21 GMT December 27, 2007
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GBPUSD turn level 2,038.
USA Zeus 20:57 GMT December 27, 2007
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USA Zeus 18:10 GMT December 27, 2007
Ok then put my $$ where my mouth is.
Went short EUR/USD 1.4638
USA Zeus 18:01 GMT December 27, 2007
Just sell EUR/USD 1.4635 and again if higher for some ST gains
___________________________________________________
ST is ST so feel free to take freebie gains at your leisure.
Happy Trades!
The Netherlands Purk 20:49 GMT December 27, 2007
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Well jr. I am just studying the patterns in the patterns, and come up with lotsa stuff, and just trade it. I have heard that it is fake gold. But i believe in Potter.
NYC jr 20:46 GMT December 27, 2007
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Purk, looks like you caught the golden snitch.
The Netherlands Purk 20:46 GMT December 27, 2007
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I had 14611 as a target because i think it wil, turn there, well and if it doesnt, it doesnt....
All possies closed and watching Hagrid grow. Like his pets.
Maribor 20:32 GMT December 27, 2007
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Oil completed 97 turn level & going down again, 80 still waiting...
USA Zeus 19:49 GMT December 27, 2007
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Perhaps oil really is "rigged". Will have to ask John D'Agostino aka David Russo. LOL
The Netherlands Purk 19:28 GMT December 27, 2007
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I believe that Albus is a wise man. I will vote for him. Harry is more for chasing rabbits... But than again he is still young. Only thing i chased when i was young was my d. and maybe still doin' that...
Let the critics start...
NYC jr 19:25 GMT December 27, 2007
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"I sometimes find, and I am sure you know the feeling, that I simply have too many thoughts and memories crammed into my mind.... At these times... I use the Pensieve. One simply siphons the excess thoughts from one's mind, pours them into the basin, and examines them at one's leisure." - Albus Dumbledore
The Netherlands Purk 19:17 GMT December 27, 2007
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Closed half already e/u shorts. Rest is for 14611 and b/e s/l. Watching Harry Potter movies helped a bit here...
Sofia Kaprikorn 18:55 GMT December 27, 2007
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PAR 18:32 //
I really admire your timely postings!
isr jweb 18:49 GMT December 27, 2007
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as i have written a few months ago - the euro has its own agenda, and its agenda is to become a pegged currency, to oil, gold etc, it wants the world to finance its currency, just like the usd in its good times. it wants the pound to reach parity, and then the english will be begging to become euros. its a part of the rebirth of a mighty germany, in a lovely peaceful sweet way.
its my own view, but nevertheless, i remind myself that i said it when the eur/gbp was touching 0.7
isr jweb 18:49 GMT December 27, 2007
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as i have written a few months ago - the euro has its own agenda, and its agenda is to become a pegged currency, to oil, gold etc, it wants the world to finance its currency, just like the usd in its good times. it wants the pound to reach parity, and then the english will be begging to become euros. its a part of the rebirth of a mighty germany, in a lovely peaceful sweet way.
its my own view, but nevertheless, i remind myself that i said it when the eur/gbp was touching 0.7
NYC jr 18:41 GMT December 27, 2007
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5min momentum crapping out nicely in eurusd with nice looking smaller humps in MACD. Looks exhausted.
The Netherlands Purk 18:33 GMT December 27, 2007
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Well for me it is just the end of the range here and seeing patterns in patterns. Started shorting e/u here and will see what it gives.
I love these games. Happy X-mas!
PAR 18:32 GMT December 27, 2007
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PPT getting ready for action . Look for strong close for stock markets in USA .
HK [email protected] 18:29 GMT December 27, 2007
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If the ECB has a reasons to come in and blow the heads of specs, and give it to them on a tray, it is very close to that level, and with the present thin market conditions this risk should not be discounted.
Rye, NY et 18:29 GMT December 27, 2007
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LA BV 18:18 GMT December 27, 2007
I don't believe that the present situation or its ramifications is clearly USD positive or negative. There's too much risk for the Europeans above $1.50 and there's too much political uncertainty in the U.S. for a USD rally. That's why I think the Eur/Usd will continue developing a Bearish Channel, which is essentially a ranging market...Good Trades...
________________________________________________
With violence breaking out in Lahore, let's hope that our good friend will post soon....
HK [email protected] 18:20 GMT December 27, 2007
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Looking from the Tech. point of view, breaking above 1.4750, is giving a good chance for completing a move to target to 1.51 to 1.52. ~1.4750 is where struggle may take place, before resolving the situation.
USA Zeus 18:19 GMT December 27, 2007
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JAK BOND 18:13 GMT December 27, 2007
Just a scalp for now…whatever the market gives.
NYC jr 18:17 GMT December 27, 2007
Thx a lot jr. Your views are extremely valuable.
GL GT!!
LA BV 18:18 GMT December 27, 2007
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Rye, why is unrest in Pakistan a USd negative? USD often benefits as a safe haven from geopolitical risk. Why is the jpy not benefiting from increased risk aversion? Treating the euro as a safe haven is a reach IMHO
trader London 18:18 GMT December 27, 2007
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dear Zeus how do you see this move in euro ?
is this a tipical thin volume holiday move ?
do you see a serious threat that we might breach the recent high in this current move, or we must see 1.38 first before a new sustained uptrend can emerge?
on the downside what is your target for euro/$ for january 2008 ?
your response is very appreciated as the most unifected market noise trader in the forum.
many thanks
NYC jr 18:17 GMT December 27, 2007
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fwiw Zeus, I have 1.4637 as 50% retrace of the dollar bounce. Key spot right here I feel.
Rye, NY et 18:14 GMT December 27, 2007
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Rye, NY et 15:50 GMT December 14, 2007
I would expect the market to move back up over the next week or so to ard 1.4800. I believe the Channel we've seen over the last few weeks is the LOWER half. From 1.4800, the present Channel Resistance line will become the new Channel Support line.
_____________________________________________________________
Although the market dropped another 100 pips after this, I believe today's tragedy in Pakistan will push the pair up to Kevin's level of 1.4850 forming the upper half of a large Bearish Channel. Bodrum is right. It would be foolish to suppose that today's events will be "contained." Pakistan faces the possibility of civil war. The $1.50 level will not be broken soon; neither will the USD reverse direction into an uptrend. The U.S. has a Lame Duck President with the diplomatic skills of a Pit Bull and no visible presidential candidates with the experience or foresight to manage a meltdown in the Midddle East....imvho....GL/GT
JAK BOND 18:13 GMT December 27, 2007
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USA Zeus
May I know your intended target if you dont mind sharing TIA
USA Zeus 18:10 GMT December 27, 2007
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Ok then put my $$ where my mouth is.
Went short EUR/USD 1.4638
USA Zeus 18:10 GMT December 27, 2007
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Ok then put my $$ where my mouth is.
Went short WUR/USD 1.4638
HK [email protected] 18:09 GMT December 27, 2007
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Indeed an act of terror has disrupted the markets, but what one may suspect, is that in the next trading day there will be a strong rally in the stock markets in the spirit that terorists will not have their way, and that the US is the greatest nation on earth etc. etc. which may produce a counter move for todays market action.
USA Zeus 18:01 GMT December 27, 2007
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Just sell EUR/USD 1.4635 and again if higher for some ST gains
Bodrum OEE 17:57 GMT December 27, 2007
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HK [email protected] 17:44 GMT December 27, 2007
Put in other words, world perceives this act of terror as an event not to underestimate. No one should. It could cause major destability in terms of international political landscape. It is that uncertainty that may be moving markets towards a direction you think is paranoid schizophrenic. I must go. Good night.
HK Kevin 17:56 GMT December 27, 2007
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Paranoid Schizophrenia, I always remind myself that I may be wrong, but market will never wrong.
HK [email protected] 17:44 GMT December 27, 2007
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HK Kevin 17:34 GMT December 27, 2007
The assasination event is a significant one, but to what extent?
I think this market indeed should be placed under observation for symptoms of Paranoid Schizophrenia, as it blows the event above all proportions. The market just wants to blow things big and over all proportions. Amazing.
HK Kevin 17:34 GMT December 27, 2007
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HK [email protected] 17:30 GMT, not likely before EUR above 1.4850 and Cable above 2.0030
Hong Kong Qindex 16:54 GMT December 27, 2007
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GBP/USD:Â Support at 1.9857
As shown in the monthly cycle charts the market is trading within the range of 1.9754 - 2.0112. The monthly cycle normal trading range is 2.0112 - 2.1186 and the market is under pressure when it is below 1.9992. The weekly cycle pivot center is located at 1.9846 - 1.9963.
Wednesday December 19, 2007 - 15:47:52 GMT
QIndex - www.qindex.com
GBP/USD : Support at 2.0039
GBP/USD : Support at 2.0039
As shown in the monthly cycle charts the market is under pressure when it is below 2.0112. Projected supporting point is located at 2.0039 and 1.9937. The distribution profile of the monthly cycle probability chart indicates that the market have a good chance to head for 1.9754 if the downward trending momentum is strong enough to penetrate through 1.9937.
Hong Kong Qindex 16:36 GMT December 27, 2007
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Hong kong BL 16:33 GMT - Thank you for your kind words.
Hong kong BL 16:33 GMT December 27, 2007
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Many thanks//Qindex
Your recent post of USD/JPY resistance was excellent, Cheers
Happy trades.
Hong Kong Qindex 16:32 GMT December 27, 2007
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Tuesday December 25, 2007 - 23:37:06 GMT
QIndex - www.qindex.com
USD/CAD : Heading Towards 0.9704
USD/CAD : Heading Towards 0.9704
As shown in the monthly cycle frequency chart the market is under pressure when it is below 0.9905 and the pattern indicates that the market has a tendency to trade between 0.9503 and 0.9905. The distribution profile of the probability chart indicates that the market is heading towards 0.9704. The odds are in favor of maintaining a short position when the market is trading below the weekly cycle pivot center at 0.9800 - 0.9860. The downside targeting points are 0.9524 and 0.9614.
Hong Kong Qindex 16:30 GMT December 27, 2007
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Wednesday December 26, 2007 - 06:26:49 GMT
QIndex - www.qindex.com
EUR/GBP : Heading Towards 0.7312
EUR/GBP : Heading Towards 0.7312
As shown in the monthly cycle charts the market is positive when it is above 0.7235. The upward momentum should be strong enough for the market to tackle 0.7309. The weekly cycle pivot center is located at 0.7212 - 0.7291. Projected resistant points are located at 0.7361 and 0.7376.
Hong Kong Qindex 16:28 GMT December 27, 2007
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EUR/USD : If the market is able to close above 1.4608 in New Yorl session, it has potential to trade between 1.4608 - 1.4698 - 1.4845.
Hong Kong Qindex 16:25 GMT December 27, 2007
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Hong kong BL 16:19 GMT - EUR/USD : The odds are high that we have seen the monthly low already
Hong Kong Qindex 16:24 GMT December 27, 2007
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USD/CHF :Â Heading Towards 1.1314
The market is retreating from its recent high at 1.1594 and it is heading towards 1.1314 which is the mid-point reference of 1.1158 and 1.1470. As shown in the monthly cycle charts the market is stable when it is below 1.1470. Speculative selling pressure will increase when the market is trading below the weekly cycle pivot center at 1.1381 - 1.1533.
Wednesday December 19, 2007 - 13:49:05 GMT
QIndex - www.qindex.com
USD/CHF : Resistance at 1.1575
USD/CHF : Resistance at 1.1575
As shown in the monthly cycle charts the market is positive when it is above 1.1158. The odds are in favor of taking a long position when the market is trading above 1.1470. A projected resistant point is positioning at 1.1575.
Hong kong BL 16:19 GMT December 27, 2007
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Hong Kong Qindex 15:59 GMT December 27, 2007
EUR/USD : The market momentum is very strong if it can settle above 1.4608 in the New York session.
Hi, Dr Qindex// if price action exceed 1.4608 today, did
you see we have seen the bottom of EUR/USD recently
at 1.43ish, or this upmove just a correction only.
Hong Kong Qindex 15:59 GMT December 27, 2007
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EUR/USD : The market momentum is very strong if it can settle above 1.4608 in the New York session.
Brunei Yu Yu 15:57 GMT December 27, 2007
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Charlotte TH
He said yesterday he will be back tomorrow during new york open time
Hopefully he is ok
Bodrum OEE 15:56 GMT December 27, 2007
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Spotforex NY 15:36 GMT December 27, 2007
re: Moscow 'explosion"
;))
Thank God for that by the way; let fireworks be the "big blast" in Moscow
Charlotte TH 15:51 GMT December 27, 2007
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Lahore FM, are you still around? Haven't heard from you in a while.
Hong Kong Qindex 15:50 GMT December 27, 2007
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EUR/USD : Resistance at 1.4685
EUR/USD : As shown in the monthly cycle charts the market is heading towards 1.4685 after it has found support around 1.4314. Projected resistant barriers are located at 1.4604 and 1.4625.
Wednesday December 19, 2007 - 14:33:21 GMT
QIndex - www.qindex.com
EUR/USD : Support at 1.4314
EUR/USD : Support at 1.4314
EUR/USD : As shown in the monthly cycle charts the market is under pressure when it is below 1.4685 and speculative selling pressure will increase when the market is trading below 1.4436. A projected supporting point is expected at 1.4314.
USA Zeus 15:49 GMT December 27, 2007
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USA Zeus 15:28 GMT December 27, 2007
Crude oil at $96.40. Expect volatility to increase from here.
Crude oil @ $97.40....already up a magical $1000/contract
LOL
Spotforex NY 15:36 GMT December 27, 2007
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re: Moscow 'explosion"
reported to be fireworks...no injuries
USA Zeus 15:28 GMT December 27, 2007
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Crude oil at $96.40. Expect volatility to increase from here.
GT!
PAR 15:22 GMT December 27, 2007
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Stories of big Explosion in Moscow shopping mall.
USA Zeus 15:19 GMT December 27, 2007
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$100+ crude oil is (still) coming.
Bodrum OEE 15:16 GMT December 27, 2007
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HK [email protected] 14:59 GMT December 27, 2007
On your comment, shortly, I will expand; this is a material development with wider and deeper implications to follow.
Unfortunately so.
I wish well for Pakistan and its people.
HK [email protected] 15:13 GMT December 27, 2007
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So time I wish to all a happy new year and most.... longer life to President Pervez Musharraf, because if he goes too, things will not look too good.
PAR 15:08 GMT December 27, 2007
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Stronger than expected Us consumer data will lead to afternoon stock market rally .
Bodrum OEE 15:05 GMT December 27, 2007
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HK 14:59 GMT December 27, 2007
Thank you [email protected] Happy new year to you too Regards
Bodrum OEE 15:02 GMT December 27, 2007
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Como 14:58 GMT December 27, 2007
thank you Perrie
a very good year to you and everyone around
regards
HK [email protected] 14:59 GMT December 27, 2007
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Bodrum OEE 14:50 GMT December 27, 2007
News from Pakistan will be significant only if it's nuclear arsenal will fall to the hands of Al-Q.
It is maybe time for them to destroy that arsenal before it will be too late.
Como Perrie 14:58 GMT December 27, 2007
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It was one hour ago Bodrum as things unfolded provided the spikes you see....now am seeing bit choppy or Its just me is choppy and beside am going to a small party right now...so am still more observing...better not to overtrade at current...Dow I do see as key resistance 13600 or so...I'll take a look again there by tomrrow...maybe good ides to long usdcad with some 70 pips stops from here for the time being...cable 19950 was key level breached earlier that provided retracement....
also gold has been sold 830....happy new year...am off
Bodrum OEE 14:50 GMT December 27, 2007
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Did the following happen here in this forum at all or if not is it too insignificant?
New York Times - 35 minutes ago
By SALMAN MASOOD and GRAHAM BOWLEY RAWALPINDI, Islamabad - An attack on a political rally killed the Pakistani opposition leader Benazir Bhutto near the capital, Islamabad, Thursday.
Como Perrie 14:33 GMT December 27, 2007
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US currently supported as safehaven from emerging market selling.
PAR 14:33 GMT December 27, 2007
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Expect Us consumer confidence to be somewhat better than expected on good performance of Us stock markets .
Mtl JP 14:15 GMT December 27, 2007
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PAR 13:45 / jobs... as long as jobs are not being lost en mass and crowds of people are not beating the pavement, they can continue monthly payments, how about $1/day for 100 years ?
PAR 13:45 GMT December 27, 2007
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Weak Us economic data are more and more confirming US recession fears .
tokyo ginko 13:44 GMT December 27, 2007
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why is fm not ok?
HK Kevin 13:43 GMT December 27, 2007
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HK [email protected] 13:29 GMT, welcome back. My short USD/JPY had been stop out at 20 pips loss on the same night last week. Now it would be interesting to see if EUR and Cable close above 1.4580 and 2.0 level today.
PAR 13:36 GMT December 27, 2007
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US governments dont listen to Us car manufacturers , they only listen to stupid Us investment banks managing to loose billions of dollars . Imho Ford will be the next casuality of the weakening yen .
Como Perrie 13:32 GMT December 27, 2007
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HK [email protected] 13:29 GMT December 27, 2007
I would say currencies arent' currencies anymore at all, at least till globalisation survives
HK [email protected] 13:29 GMT December 27, 2007
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Assuming that yen is not exactly a currency but a manipulated piece of value, an expected appreciation, should be measured by the loudness of protesting american car manufacturers and other american exporters that suffer from a weak yen. That is an important fundamental that should be combined with Tech. levels.
San Juan Lil 13:28 GMT December 27, 2007
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I am sooo sorry to hear the news and do hope FM is ok.
Regards all,
Lil
Haifa ac 13:26 GMT December 27, 2007
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Benazir Butto DEAD in suicide attack
HK [email protected] 13:11 GMT December 27, 2007
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philadelphia caba 13:06 GMT December 27, 2007
I escaped long ago not at the best price but I am out. For the time I see Yen heading to ~115.70
Mtl JP 13:11 GMT December 27, 2007
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PAR 12:04 / should that be a surprise ?
October Home Prices Post Record Decline
NEW YORK (AP) — U.S. home prices fell in October for the 10th consecutive month, posting their largest drop since early 1991, according to a key index released Wednesday.
The record 6.7 percent slide in the Standard & Poor's/Case-Shiller home price index also marked the 23rd consecutive month that prices either fell or grew more slowly than the month prior.
isr jweb 13:09 GMT December 27, 2007
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i hope fm is ok. give us a wink. please
philadelphia caba 13:06 GMT December 27, 2007
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HK [email protected] 12:58 GMT
did you get stop on your usd/jpy short yet?
HK [email protected] 12:58 GMT December 27, 2007
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USD/CHF Nominal Uptrend still intact as 1.1630 target was not yet hit, may go to the toilet with Euro, if Euro neckline-resistance(H&S) on the daily will not break. I am afraid to say that this impulse may send the CHF to above the H&S target likely around 1.2000.
Amman wfakhoury 12:38 GMT December 27, 2007
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Amman wfakhoury 19:07 GMT December 26, 2007
Manchester SA 17:57 GMT December 26, 2007
Amman wfakhoury
======
gbp.jpy mostly heading twd 228.00
======
hit the target and continue up.
PAR 12:04 GMT December 27, 2007
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US MBA market index falls 7.6% . US MBA purchase index falls 6.6% . US MBA refinance index falls 8.5 % .
Mumbai NS 11:10 GMT December 27, 2007
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An election debacle for Congress wuld be a big blessing in disguise as more local money which gives fii's a run these days wuld pour in
Como Perrie 11:07 GMT December 27, 2007
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nothing technical ref. India, just fundamental factors to unfold killing as usual the small fishes..
Mumbai NS 10:58 GMT December 27, 2007
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fwiw there is a cue at 28k most welcome to losers then lol!
Como Perrie 10:56 GMT December 27, 2007
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Good to disinvest from India fully at all spikes. No plans to reenter there anytime soon.
Happy new year.
Hong Kong Qindex 10:41 GMT December 27, 2007
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EUR/CAD : Resistance at 1.4545
As shown in the monthly cycle charts that the market is under pressure when it is below 1.4545. It has a tendency to trade between 1.4181 - 1.4545. Barriers are expected at 1.4115, 1.4203, 1.4263, 1.4319 and 1.4363. The weekly cycle pivot center is located at 1.4103 - 1.4253.
Hong Kong Qindex 10:39 GMT December 27, 2007
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EUR/CAD : Support at 1.4515
As shown in the monthly cycle charts that the market is under pressure when it is below 1.4545. It has a tendency to trade between 1.4181 - 1.4545. Barriers are expected at 1.4115, 1.4203, 1.4263, 1.4319 and 1.4363. The weekly cycle pivot center is located at 1.4103 - 1.4253.
Mumbai NS 10:37 GMT December 27, 2007
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teddy bear to have three falling peaks u shuld have three consecutive lower peaks on dailies it was not visible even when u had said on cbl i had not responded then but since u are again mentioning on euro i am wondering where i am getting it wrong gl gt
Bali teddybear 10:27 GMT December 27, 2007
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It's ok mumbai.Try to take a look @ gbp/usd daily chart when the three falling peak happened.Compare with eur/usd daily chart.The pattern is likely gbp/usd last week when the three falling peak happened, it just that the eur/usd hasn't been confirm yet.It confirm when the support level @ 1.4312 is break.
hk ab 10:23 GMT December 27, 2007
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People bought silver sell sterling..... so, now exit?
Mumbai NS 10:16 GMT December 27, 2007
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Bali teddybear 09:40 GMT December 27, 2007
Mate although i may agree with ur view i am not able to agree with the reasoning as i can't spot three falling peaks on eurusd daily can u pls clarify if possible gl gt
PAR 10:04 GMT December 27, 2007
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http://www.bloomberg.com/apps/news?pid=20601087&sid=asRM8hlUlD08&refer=home
bucharest ***** 09:47 GMT December 27, 2007
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OK TEDDY BEAR WE GOT U ;)
Bali teddybear 09:44 GMT December 27, 2007
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Sorry for the last comment.My english is very bad
Bali teddybear 09:40 GMT December 27, 2007
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Thx isr.I agree with u.watch out for eur/usd..try to take a look at daily chart.Eur/usd run @ 1.4491.It might be keep on buying until 1.4534. If that level appears, get ready...it might be a strong resistance. And if the rebound happens, get ready for THREE FALLING PEAKS on eur/usd daily chart.As happen as on gbp/usd last week,the eur/usd daily chart show the THREE FALLING PEAKS might be happen.Support @ 1.4400.Confirmation level for THREE FALLING PEAKS is @ 1.4312..the 2nd support.If this level break,get ready to sell eur/usd.The target is 1.4056 and 1.3656
Hong Kong Qindex 09:15 GMT December 27, 2007
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GBP/CHF :Â Critical Support at 2.2590
As shown in the monthly cycle charts the market is under pressure when it is below 2.3035. Projected resistant points are located at 2.2987 and 2.3096. Projected supporting points are expected at 2.2411 and 2.2590. The weekly cycle pivot center is positioning at 2.2715 - 2.2915. The market is positive if it can trade above 2.2915.
PAR 08:19 GMT December 27, 2007
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While Chinese yuan is getting stronger and stronger, japanese yen is getting weaker and weaker. Long yuan short yen . New Kampo trade ?
bucharest ***** 08:00 GMT December 27, 2007
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hi and happy hollidays i m new in this buisness and id like to share thoughts abt fx on yahoo mes enter_sadman2007
PAR 07:50 GMT December 27, 2007
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Weak yen helping japanese car manufacturers .
http://www.bloomberg.com/apps/news?pid=20601080&sid=aKkXhwfKZYg8&refer=asia
Washington MRM 07:50 GMT December 27, 2007
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GBP/JPY poised for a higher breakout by my analysis. Went long @ 226.98 for move to 228.50 today.
LA BFL 07:50 GMT December 27, 2007
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can someone pls tell me the low for gbp/usd today?
thanks
madrid mm 07:01 GMT December 27, 2007
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have a gr8 day
madrid mm 06:55 GMT December 27, 2007
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* PBoC fixing USD/CNY mid-rate at post reval lows of 7.3079 from 7.3444 close yesterday. It traded new lows of 7.3131.
* UK Independent: PM Gordon Brown faces a humiliating parliamentary defeat over plans to allow police to hold terror suspects for up to 42 days without charge. A survey of Labour MPs by The Independent has uncovered a growing insurrection. Only 34 votes are needed to defeat the detention plans and at least 38 MPs - enough to wipe out Mr Brown's Commons majority of 67 - are vowing to oppose.
* Japan housing starts, which dived 27.0%y/y for November, though still better than expectation of -28.0%, after new stricter building regulations. Construction orders -3.8%y/y.
* Nikkei INSIDE VIEW: Interest Rate Risks May Come Back To Haunt Bond Market : The Japanese govt's lack of fiscal discipline is another factor that could put upward pressure on long-term interest rates.
* Next year, Japan's bond market might have to face up to the possibility of growing inflationary pressure and worsening state finances, two interest rate risks it has paid little attention to for a long time.
* WSJ on Wed: British financier Joseph Lewis has increased his thus-far money-losing stake in Bear Stearns to 9.6% from 8%, according to a regulatory filing. The latest round of purchases by the currency trader was made between Dec. 6 and Friday. Mr. Lewis is the first investor to take a serious run at a big Wall Street firm during the current market swoon.
* WSJ: Arizona mutual funds manager Davis Selected Advisers LP raised its stake in MBIA Inc. to 5.1%, a vote of confidence in the largest US bond insurer, which is trying to raise capital to save its vital AAA credit rating. Davis also agreed to buy $1.2b in newly issued common stock in Merrill Lynch.
* Quiet Post Boxing Day markets, with Different Value dates for USD/JPY, Cross/JPY and other majors, due to the long New Year holidays in Japan from next Monday, Dec 31, New Year Eve to Thursday, January 3 2008, with Friday, January 4 a "Good day" as Japan will be back.
* USD/JPY, Cross/JPY are valued January 4 2008, while the other major currencies, EUR/USD, GBP/USD, AUD/USD are valued December 31, still 2007. Could be "messy trading", which could lead to thinner trades, and with many players already squared for the year or clearing their leave.
USD/JPY supported, fixing at high of 114.49 - interestingly, just 1 pip below 114.50 options triggers. USD/JPY, Cross/JPY supported on toushin demand, with Reuters reporting 8 investment trusts attracting some Y104bln in funds today. JPY carry trades also supported on fresh risk taking as stock markets seen generally firmer, and with fresh investment in US financial firms hit by subprime/ write-downs.
EUR hit fresh 2-week high 1.4515, helped by EUR/GBP (which hit all time high 0.7314 yest) and EUR/JPY, at fresh 6-week high 165.85. AUD fresh 2-wk high 0.8766; AUD/JPY abv 100.
Nikkei -88.85pts or -0.57% at 15,565.69. JGBs a tad weighed, 10-year yield 0%, 1.555%.
Crude oil remains firm on Turkish-Kurdish tensions, $95.91.
Gold near 1 month highs, now $824.50/825.50.
Syd 03:37 GMT December 27, 2007
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Anthrax outbreak in Hunter
Since 1982, there have been only three reported cases of people in NSW contracting anthrax.
Syd 01:18 GMT December 27, 2007
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MARKET TALK: GBP TO Slide Further On 2008 On Slowdown - censored GBP/USD to slide further in 2008 as Bank of England expected to cut rates by 100 bps during the year, says censored markets report. Risk of recession increasing on soaring household debt, shrinking domestic savings, protracted housing correction, likely surge in home repossessions. 100bp rate cut to push rates down to 4.50%, with knock-on effect on real interest rates, now at 3.40%. GBP weakness to aid USD stability, with GBP/USD downside expected to extend through 1.92; risk of extending losses to 1.88. Upside remains capped at 2.06. GBP/USD last at 1.9838
Florida GB 01:15 GMT December 27, 2007
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