Forex Forum Archive for 02/06/2007

Syd 23:04 GMT February 6, 2007 Reply   
RBA's decision to keep rates unchanged virtually cemented by 4Q inflation numbers; deceleration in core inflation in quarter plus softness in retail sales suggests the rate hike is impacting on consumer sentiment sectors, says Anthony Thompson, senior economist at Westpac; good chance RBA will revise down inflation forecast in Monday's statement, possibly to 2.75% from previous 3%; though still to retain tightening bias in case expectations of a lowering reignite consumer spending sectors; "Even though they may lower their forecast, the risks to the inflation outlook still to remain to the upside

san miniato ab 22:33 GMT February 6, 2007 Reply   
Caba, Syd, i dont believe will be a statement today with no chg decision + think shud be on monday some remarks

SINGAPORE GFX 22:32 GMT February 6, 2007 Reply   
HONG KONG QINDEX,

Any view on usd/jpy for asian session, thanks

Syd 22:32 GMT February 6, 2007 Reply   
Caba nothing yet

san miniato ab 22:32 GMT February 6, 2007 Reply   
just bought aud usd at 0,7777 sl 0,7720 tp 0,7900 after RBA unchgd

Philadelphia Caba 22:30 GMT February 6, 2007 Reply   
Syd, no change = no RBA's comment?

GVI john 22:29 GMT February 6, 2007 Reply   
GVI john 22:28 GMT February 6, 2007 RBA unchanged, as expected.

Syd 22:29 GMT February 6, 2007 Reply   
Australia's RBA Keeps Cash Rate Steady At 6.25%

Philadelphia Caba 22:29 GMT February 6, 2007 Reply   
RBA no change

Syd 22:23 GMT February 6, 2007 Reply   
DJ INTERVIEW: Japan Ex-MOF Utsumi Expects G7 To Talk Yen

NYC AL 22:06 GMT February 6, 2007 Reply   
Evening guys, should we stick with eur/usd to 1.2995

Hong Kong Qindex 21:54 GMT February 6, 2007 Reply   
USD/CHF : the market will be stabilized if it can overcome the projected resistance at 1.2409 // 1.2423*.


Hong Kong Qindex 11:03 GMT February 6, 2007
USD/CHF : the market is going to tackle the barrier at 1.2409 // 1.2423*.

Hong Kong Qindex 21:51 GMT February 6, 2007 Reply   
USD/CHF : The following is still valid in the Asean session :

{Daily Cycle Quantized Levels : On Tuesday the market is likely to consolidate around 1.2496. The distribution of quantized levels are as follow :- ... 1.2387* // 1.2423* - 1.2459* - 1.2496* - 1.2532* // 1.2568* ...}.

SINGAPORE GFX 21:33 GMT February 6, 2007 Reply   
AUCKLAND PEAT,

Do you see usd/chf falling to 1.2345 intraday. thanks

Syd 20:59 GMT February 6, 2007 Reply   
USA BAY 20:46 GMT Hi, there wont be a hike just waiting for any commentary this morning and the employment data tomorrow will hold the key cheers

USA BAY 20:46 GMT February 6, 2007 Reply   
SYD,

Could you please comment on rba rate hike if there is any and the implications on aud/usd and aud/jpy. thanks

Syd 20:12 GMT February 6, 2007 Reply   
GM Economist:'Weak' Yen Adds Up To $10K In US Vehicle Cost

Auckland peat 19:36 GMT February 6, 2007 Reply   
Auckland peat 09:49 GMT February 6, 2007
someone mentioned head and shoulders on USD/JPY , well USD/CHF has a similar tho messy one as well and by my books it just broke the shoulder .

just woke up and that h+sh pattern played out perfectly !!

Sofia mik6 19:07 GMT February 6, 2007 Reply   
short chfjpy ...96.91

manchester 18:41 GMT February 6, 2007 Reply   
ahe, appreciate your comments.

Hong Kong Ahe 18:25 GMT February 6, 2007 Reply   
manchester 18:03 GMT February 6, 2007 - They are two forces in fighting. One is to attack the Yenophobies in carry-on-yield-trade. Their target is 0.6775, 0.6768, 0.6550. Another one is to bet for March rate hike of RBNZ (but some comments said players are currently pricing in a 82% chance of a hike). So the psycho to buy NZDUSD due to rate hike may be digested. Yesterday NZDUSD, once went to 0.6870 due to Monday's good data, was immediately put a cap by US investemnts bank on gain. Thus 0.6870 will be a sand of line for bulls. So try to square your long position and get it in a better position or short it around 0.6840/50 or 0.6870, if seen. Hope it may help. GLGT.

manchester 18:03 GMT February 6, 2007 Reply   
ahe, so do you see NZD/USD dropping further still. any ideas on what the data will show. im still holding long positions

Gen dk 17:42 GMT February 6, 2007 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Van jv 17:42 GMT February 6, 2007 Reply   
Washington DC 16:40///semantics///perhaps shrewed manipulation...

Hong Kong Ahe 17:38 GMT February 6, 2007 Reply   
SINGAPORE GFX 17:09 GMT February 6, 2007 - The latest move of NZDJPY (offer) was said to be by Swedish name and US prime name and investment banks. So you may see they are carry trade Yenophobies speculators. So it depends who gonna to be played on the bid side. If the Japanese Securities and trust bank (bid side) retreat, it will draw NZDUSD further down and break the support of 0.6768 and test 0.6720 before pulling back to 0.6810/20 awaiting for Thursday data release. Watch the fight of both sides, like a chess game. GL and GT.

Global-View 17:34 GMT February 6, 2007 Reply   
Re the CHF spike earlier (from GVI)

NYC j 16:59 GMT February 6, 2007
11:55 06Feb2007 RTRS-SWISS NATIONAL BANK BOARD MEMBER HILDEBRAND SAYS SEES
HIGHER RISK FOR INFLATION - PAPER
11:55 06Feb2007 RTRS-SWISS NATIONAL BANK BOARD MEMBER HILDEBRAND SAYS MORE RATE
HIKES NEEDED IF GROWTH STAYS ROBUST
11:56 06Feb2007 RTRS-SWISS NATIONAL BANK BOARD MEMBER HILDEBRAND SAYS WARNS
FIRMS FX RATES ARE NOT FIXED

GVI 16:59 GMT February 6, 2007
Hawkish comments from SNB member Hildebrand

SINGAPORE GFX 17:09 GMT February 6, 2007 Reply   
HONG KONG AHE,

I have not shorted kiwi, still observing till NY close. What do you think is the movement for nzd/usd and nzd/jpy till the data on thursday. thanks

Washington DC 16:40 GMT February 6, 2007 Reply   
WASHINGTON, Feb 6 (Reuters) - While the Japanese yen is trading at or near a 20-year low, the Japanese government has not been intervening to keep currency values low since 2004, U.S. Treasury Secretary Henry Paulson said on Tuesday.

NY RP 16:34 GMT February 6, 2007 Reply   
Doubt very much that Paulson/Goldman want to cut off the money coming in. After all the more the merrier.

NY RP 16:32 GMT February 6, 2007 Reply   
Paulson looks to be removing some speculation of strength in Yen. But, what will the markets do?

Global-View GVI 16:19 GMT February 6, 2007 Reply   
GVI 15:41 GMT February 6, 2007
Paulson:
- Must be vigilant, watching all forex value, including japan's yen
- Believes currencies should be set in open, competitive market
- As far as we c an see there has been no intervention by Japan in forex markets
- Yen trading in competitive markets with values set by fundamentals

LA KB 16:17 GMT February 6, 2007 Reply   
What did Paulson say?

PAR 16:12 GMT February 6, 2007 Reply   
Looks like Paulson and Goldman made a deal on his USDJPY remarks .

Charlotte TH 15:53 GMT February 6, 2007 Reply   
usdjpy going to 121.10.

Charlotte TH 15:31 GMT February 6, 2007 Reply   
Thanks CT Cris.

CT Cris 15:24 GMT February 6, 2007 Reply   

Charlotte....
the cable will rise till 19800 in steps pattern during the coming days,as no important data coming fror dollar this week.
and there is volatility and momentun in cable to rise.as shown
during the last hours.

CT Cris 15:20 GMT February 6, 2007 Reply   
Charlotte....
the cable will rise till 19800 in steps pattern during the coming days,as no important data coming fror dollar this week.

Charlotte TH 15:12 GMT February 6, 2007 Reply   
CT Cris 14:19 GMT February 6, 2007
gbp.usd start heading twd 19730 now.

****************************

CT Cris any reason why you think that?

Charlotte TH 15:10 GMT February 6, 2007 Reply   
gbp.usd heading to 9630.

Gen dk 14:56 GMT February 6, 2007 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

UK Alex 14:32 GMT February 6, 2007 Reply   
london av 13:41 GMT February 6, 2007
Rising commodities sparking concerns over inflation.

CT Cris 14:19 GMT February 6, 2007 Reply   
gbp.usd start heading twd 19730 now.

Hong Kong Ahe 14:18 GMT February 6, 2007 Reply   
SINGAPORE GFX 05:44 GMT February 6, 2007 - Information for you in shorting NZDUSD, if any. NZ will release Q4 NZ unemployment rate due 8Feb,2007 Thursday 5:45 am HKT/Singapore time (7Feb2007 21:45 GMT) where expectations are for a rate of 3.6% vs 3.8% previous. NZDUSD will be down played by market players. But before data release, better square out all position by watching carefully the price movement momentum. GL and GT.

Bahrain BAH1 14:15 GMT February 6, 2007 Reply   
Madrid mm 14:02 GMT February 6, 2007
Bahrain BAH1 13:59 GMT February 6, 2007
nice one 8-) What happens if the mouse is on steroide ?

hehehe....then will called him the mouse with hairy glue.

Gen dk 14:05 GMT February 6, 2007 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

manchester 14:03 GMT February 6, 2007 Reply   
NZD/USD - any advice on support level for this pair?

Madrid mm 14:02 GMT February 6, 2007 Reply   
Bahrain BAH1 13:59 GMT February 6, 2007

nice one 8-) What happens if the mouse is on steroide ?

Madrid mm 14:02 GMT February 6, 2007 Reply   
Bahrain BAH1 13:59 GMT February 6, 2007

nice one 8-) What happens if the mouse is on steroide ?

Bahrain BAH1 13:59 GMT February 6, 2007 Reply   
1.2940 is holding like a mouse stuck in a glue.

Cannes Oil man 13:57 GMT February 6, 2007 Reply   
Which to me looks more likely , think we'll range a little more around 1.2900-1.3050 , before the upside break out , though market might just wait to see what happens at G7...If nothing much happens, go back to buying EY , pulling E$ upside.

Cannes Oil man 13:56 GMT February 6, 2007 Reply   
Or we've see the low.

Tallinn viies 13:46 GMT February 6, 2007 Reply   
this minor jump to 1,2955/60 was caused by metal workers demand for salaries as I read from DJ.
I think we have seen the highs for the day on eurusd.
good luck.

Madrid mm 13:45 GMT February 6, 2007 Reply   
london av 13:41 GMT February 6, 2007

more buyers than sellers 8-)

Gen dk 13:44 GMT February 6, 2007 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

london av 13:41 GMT February 6, 2007 Reply   
gold is moving upwards and onwards suddenly. any reason for this?

CT Cris 13:39 GMT February 6, 2007 Reply   
gbp.usd is heading twd 19800.

san miniato ab 13:25 GMT February 6, 2007 Reply   
first attempt to break 120 unsuccesfull at mom, if any barrier at 120 wiped out anyway. Now let see where bounce arrive, anything below 120,30 very risky for Dollar.

UK Alex 13:17 GMT February 6, 2007 Reply   
The euro is bearing too much of the burden from yen and yuan FX rates, a European G7 official says.

Gen dk 13:17 GMT February 6, 2007 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

UK Alex 13:14 GMT February 6, 2007 Reply   
Karachi GBP/USD 13:08 GMT February 6, 2007
M&A related buying, also hitting Euro/GBP.

Karachi GBP/USD 13:08 GMT February 6, 2007 Reply   
Can Any Budy Tel me about GBP/USD should i short it???? or give me a level .. ?

ABHA FXS 12:56 GMT February 6, 2007 Reply   
Lower trendline breached on EURGBP @ 0.6576 on 240 minute timeframe
Summary
Trendline point 1: low at 2007.02.05 04:00 (0.6582)
Trendline point 2: low at 2007.01.30 08:00 (0.6578)
First candle below line: 0.6576 - 2007.02.06 12:00
Projected profit: 0.6514
-----------------------

Madrid mm 12:53 GMT February 6, 2007 Reply   
fwiw
Two things worry people. The first is the “carry trade”, which involves investors borrowing a low-yielding asset (often the yen) and buying a higher-yielding one. Past financial-market wobbles have been associated with periods when the carry trade was unwound. No one knows precisely how much capital is involved. But Tim Lee, of Pi Economics, reckons as much as $1 trillion may be staked on the yen carry trade. Were the yen ever to rise sharply (making the trade unprofitable), there could be censored to pay in the markets.

The second is the low cost of credit, and the rapid growth in credit derivatives, which allow investors to insure against default. The rise of the derivatives market has coincided with a very low default rate. Were defaults to rise, the ability of the markets to absorb losses (and clear trades) might be severely tested.

Extract from ¨The more people worry about risks within the financial system, the better¨

http://www.economist.com/finance/displaystory.cfm?story_id=8633485

ABHA FXS 12:44 GMT February 6, 2007 Reply   
Lower trendline breached on USDCAD @ 1.1822 on 240 minute timeframe
Summary
Trendline point 1: low at 2007.02.05 16:00 (1.1807)
Trendline point 2: low at 2007.02.01 12:00 (1.1737)
First candle below line: 1.1822 - 2007.02.06 12:00
Projected profit: 1.1721
-----------------------
Details:
1. Lower trendline was drawn by the indicator between the low of the bar at
2007.02.05 16:00( price level of 1.1807) and the low of the bar at 2007.02.01
12:00( price level of 1.1737)
2. The indicator has detected a qualified breach of that trendline by a candle
(bar) opening at a price of 1.1822, below the trendline at 2007.02.06 12:00,
after a cross of the trendline by a previous candle (bar).

Madrid mm 12:42 GMT February 6, 2007 Reply   
Global-View 12:31 GMT February 6, 2007
UK Alex 12:26 GMT February 6, 2007
Mtl JP 12:22 GMT February 6, 2007
NYC BBG 12:00 GMT February 6, 2007

Yipiiiiiiiiiiiii !!!! Isn´t it, normally, more uncertainties equal more opportuinities ? and also more losses ?

Albert Einstein said: "In the middle of difficulty lies opportunity."

Bahrain BAH1 12:34 GMT February 6, 2007 Reply   
Bahrain BAH1 10:33 GMT February 6, 2007
short 1/2 position at 1.2940 will add more at 55 with stop at 80. Good luck to you all.


Avrg short now at 47.5 ...stop now at 75bid....need to close below 40/45 to see it lower. GL.

Global-View 12:31 GMT February 6, 2007 Reply   
re the BOJ risk, this is worth reposting:

NY Bank Prop Trader 14:52 GMT February 5, 2007
BOJ wanted to raise rates in January. The politicians prevented that. If the politicians allow the BOJ to raise rates in FEB (after the G-7), I think they will. Keep in mind data tends to turn a bit sour in Japan after March, so this is essentially Japan's last chance to hike before fiscal year end and in front of elections this summer. Look for a BOJ hike in FEB post G-7 as officials give the BOJ the greenlight. But from there, you might well see the BOJ on hold till next fall.

UK Alex 12:28 GMT February 6, 2007 Reply   
That was from two weeks ago, but still relevant.

UK Alex 12:26 GMT February 6, 2007 Reply   
TOKYO (Nikkei)--The Bank of Japan is still unclear about its next possible policy move, policy board member Miyako Suda told a news conference Thursday following a speech in Saga Prefecture.

"Each policy member has their own view, so I have no idea what the future holds," Suda said.

In last week's closely watched meeting, Suda and fellow board members Atsushi Mizuno and Tadao Noda all called for interest rate hikes. In the end, the board voted 6-3 to stand pat on monetary policy. The trio voted against the status quo, fanning speculation of a split in the board.

"Heading into the January policy board meeting, I myself had believed that (the recovery scenario) was becoming more certain," she said, reiterating her position that the bank should have raised rates last week.

Following that board meeting, BOJ Governor Toshihiko Fukui explained that the 6-3 vote reflected a minor difference of opinion.

"Some believe we have more time to make a decision about a rate hike, while others believe we don't need to spend more time," Fukui said.

A growing number of market participants believe that his comments indicate that the gap will narrow by February and that the BOJ may opt to raise rates then.

Makassar Alimin 12:26 GMT February 6, 2007 Reply   
havent heard about buying euro under 1.30 for a while, maybe it will serve as a replacement of last year's buying euro under 1.20...

Mtl JP 12:22 GMT February 6, 2007 Reply   
NYC BBG 12:00 / adding to market's game of "pin the tail on the donkey" trying to outguess who will (not) increase rates:

US on anticipated future (un)employment numbers
JGBs slip on Nikkei rise, rate rise jitters linger (Reuters)

Gen dk 12:17 GMT February 6, 2007 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

NYC BBG 12:00 GMT February 6, 2007 Reply   
Economists See ECB Raising Rates to 4% in June: Chart of Day

Global-View Research 11:35 GMT February 6, 2007 Reply   
Worth a read:

Mellon FX Daily

Hong Kong Qindex 11:24 GMT February 6, 2007 Reply   
GBP/CHF : the market is consolidating between 2.4415* - [2.4462] - 2.4508*. Projectd supporting and resistant point is located at 2.4322* and 2.4601* respectively.

san miniato ab 11:22 GMT February 6, 2007 Reply   
thks Qindex

Auckland peat 11:17 GMT February 6, 2007 Reply   
for the record closed the USD/CHF shorts....
I agree with you probably right Dr Qindex but I'll just take the pips for now and get some sleep

Hong Kong Qindex 11:15 GMT February 6, 2007 Reply   
EUR/CHF : If the market can penetrate through the lower barrier at 1.6098 // 1.6128*, the next targeting point is 1.6068*.

Hong Kong Qindex 11:11 GMT February 6, 2007 Reply   
USD/JPY : If the market can penetrate through 119.93 // 120.07, the next targeting point is 119.69. Anything below 119.51 can cause panic selling.

san miniato ab 11:03 GMT February 6, 2007 Reply   
A new possible test at 120,02 (on low) in USDYEN is on the cards now specially after it held below 120,55 (yesterday reaction high) and this time, as eur yen is not moving fast downwards think is all Dollar weakness due to pre G7 unwinding in short Yen positions. A break of 120 cud lead to test of 119,80 where seems to be quite huge sl below (from there it s really nothing before 119,10). Important will be for this reason this afternoon' schedule of Fed members and Mr. Paulson in USA. Any indication on possibility to see something in the final draft on saturday will strenghten Yen again forcing more short squeeze before that event. I put mysef short earlier at 120,48 with sl at 121,40 and tp at 119,10. Appreciate any comment tia and gl

Hong Kong Qindex 11:03 GMT February 6, 2007 Reply   
USD/CHF : the market is going to tackle the barrier at 1.2409 // 1.2423*.

Bahrain BAH1 11:02 GMT February 6, 2007 Reply   
German December factory orders -0.2% m/m from November's +1.5% m/m and against forecasts for +0.5%.

Bahrain BAH1 10:54 GMT February 6, 2007 Reply   
UK/BOMB: UK police report an 'item of mail' has expoded in Wokingham, UK.

Hong Kong Qindex 10:38 GMT February 6, 2007 Reply   
EUR/GBP : the market is going to tackle the daily cycle lower barrier at 0.6563 // 0.6572*. A projected supporting point is expected at 0.6548. The distribution of daily cycle quantized levels is as follow :- ... 0.6548* ... 0.6583 // 0.6572* - 0.6595* - [0.6607] - 0.6618* // 0.6642* ...

Bratislava 10:33 GMT February 6, 2007 Reply   
Syd 10:04 GMT February 6, 2007
May I ask please, where on web can be that message about Scotland bank found ? Thanks.

Bahrain BAH1 10:33 GMT February 6, 2007 Reply   
short 1/2 position at 1.2940 will add more at 55 with stop at 80. Good luck to you all.

Auckland trotter 10:30 GMT February 6, 2007 Reply   
Auckland trotter 09:50 GMT February 6, 2007
“Tallinn viies 09:37 GMT February 6, 2007
Can you elucidate more.”

Maybe the help forum is more appropriate.

I have levels and pressures for the EUR/USD which I have posted. But I am aware of the short term market, which I trade.

I had a possible resistance around the 50% fib on the 4hr 20 day chart at 12965. I didn’t stay with my analysis and missed out the pips.

Watching the shorter charts with down indications.

Would be interested in your analysis on the help forum to learn.

Bed time for me.

Glgt

Hong Kong Qindex 10:25 GMT February 6, 2007 Reply   
GBP/USD : A projected resistant point is positioning at 1.9735*.

Hong Kong Qindex 10:24 GMT February 6, 2007 Reply   
GBP/USD : The market is trying to tackle the daily cycle upper barrier at 1.9676* // 1.9699.

Syd 10:04 GMT February 6, 2007 Reply   
EUR/USD's immediate outlook is negative with the rate poised to break through the 1.2885-65 range lows, resuming its intermonth downtrend, says Royal Bank of Scotland. Now at 1.2925, the bank looks for resistance between 1.2935-55, maximum 1.2990, to cap any corrective rallies while on the downside a break below 1.2865 will target the 1.2505-1.2305 retracement zone.

paris 10:01 GMT February 6, 2007 Reply   
ldn av 09:57 GMT February 6, 2007
yes...he has got a verified statement from his mum saying that he is if sound mind. Lol.

ldn av 09:57 GMT February 6, 2007 Reply   
se, do you have a verified track record for people to see?

Auckland trotter 09:50 GMT February 6, 2007 Reply   
Tallinn viies 09:37 GMT February 6, 2007
Can elucidate more.

Auckland peat 09:49 GMT February 6, 2007 Reply   
someone mentioned head and shoulders on USD/JPY , well USD/CHF has a similar tho messy one as well and by my books it just broke the shoulder . shorted at 1.2491 and 78

Tallinn viies 09:37 GMT February 6, 2007 Reply   
Auckland trotter 09:34 GMT - good question :)
based on price movements.

Auckland trotter 09:34 GMT February 6, 2007 Reply   
Tallinn viies 09:00 GMT February 6, 2007
“good levels to sell euro at 1,2935-40 here with stop at 1,2974.”

What do you base your analysis on?

Bahrain BAH1 09:27 GMT February 6, 2007 Reply   
will sell euro at 1.2950/55 if seen with stop at 80. GL.

Gen dk 09:18 GMT February 6, 2007 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Auckland trotter 09:15 GMT February 6, 2007 Reply   
Tallinn viies 09:00 GMT February 6, 2007
“good levels to sell euro at 1,2935-40 here with stop at 1,2974.”

I agree. Have taken profit for now and sold at 1.2934 based on the 5min 12hr RSI(5) and (14).

Will watch closely now the UK market has opened and a couple of EUR fundamentals due out within the next hour.

Athens MK 09:13 GMT February 6, 2007 Reply   
Also on cable when it breaks 1.9587 then we can expect more selling pressure to accrue.....

Mumbai NS 09:11 GMT February 6, 2007 Reply   
Tallinn viies 09:00 GMT February 6, 2007

Yes frd gud r/r there for a test of 1.2850 and lower. gl gt

Athens MK 09:08 GMT February 6, 2007 Reply   
gbp/$: 1.9646 is a nice resistance area.... 1.9630-46 looks like nice intraday sells for target 1.9515 and second target 1.9469 when trendline at 1.950+ breaks...... Stops above 1.9675

Hong Kong Qindex 09:07 GMT February 6, 2007 Reply   
GBP/USD : It is receiving pressure from EUR/GBP, anything above 0.6586.

Auckland trotter 09:03 GMT February 6, 2007 Reply   
Is there any chance that what Paulson ‘testifies’ at GMT 15:00 and 19:45 will differ? I don’t think so.

US Redbook - GMT 13:55 - could be interesting.

I don’t expect Bernaeke to ‘rock the boat’ at this time, with his speech - GMT 18:30.

Tallinn viies 09:00 GMT February 6, 2007 Reply   
good levels to sell euro at 1,2935-40 here with stop at 1,2974. imho

Bahrain BAH1 08:58 GMT February 6, 2007 Reply   
JPY: Ex-MoF Utsumi says need caution on risk of sharp yen rise. Also says expect G7 members to discuss weak yen. (Dow Jones)

Gen dk 08:55 GMT February 6, 2007 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Hong Kong Dom 08:45 GMT February 6, 2007 Reply   
London Gooner
Sorry miss type.
If you are around, would like to have your view on GPD. Many Thanks

Auckland trotter 08:44 GMT February 6, 2007 Reply   
For the EUR/USD I have:

Up pressure to the 23.6% fib on the 1day 6mo chart around 1.2981
The weekly pivot is 1.2975
50% fib on the 4hr 20 day chart is around 1.2965

S1 at 1.2886 on the weekly pivots has been tested for the last few weeks and makes an interesting level on the 1wk 3yr chart.

The price on the 1day 6mo chart is coming up from SMA(100)

RSI (5) on the 4hr 20day chart is coming up from oversold, and the price is below SMA(10)

The price has been testing the SMA(10) on the 1hr 5day chart, and the RSI(14) is coming up from oversold

Possible minor support on the 5min 5day chart around 1.2919.

Placed a buy at 1.2916

We shall see

Bahrain BAH1 08:44 GMT February 6, 2007 Reply   
UAE Upping EUR Reserves To 10% By September (Nikkei Financial) : Tokyo,Feb 6. In today"s Nikkei Financial. The head of the UAE central bankalso note that moves are underway for an unified currency between six Persian Gulf oil producers. The six GCC countries include the UAE, Saudi Arabia, Oman, Qatar, Bahrain and Kuwait. These countries will discuss ending their respective USD pegs at end-March meeting, time-target for a single currency system is approximately the year 2010. The UAE currently holds some $30 bln in foreign reserves with roughly 3% denominated in EUR.

London Gooner 08:43 GMT February 6, 2007 Reply   
If you are around, would like to have your view on GPD. Many Thanks

Syd 08:40 GMT February 6, 2007 Reply   
AUD Seen Remaining Under Pressure Expect the AUD to remain under pressure this week ahead of G7. The currency is already suffering from the reversal of carry trades in favor of the JPY. This trend is only likely to intensify if the Reserve Bank of Australia leaves rates at 6.25% as expected, says Commerzbank. More bad news could come on Thursday with the latest employment numbers, which beat expectations in November and December. "We see the risk of further losses towards 0.7650 in case of weak figures on Thursday, whilst 0.78 should be toppish for now," the bank says.

Hong Kong Qindex 08:39 GMT February 6, 2007 Reply   
USD/JPY : The market is retreating from the lower barrier of daily cycle at 119.93 // 120.07 and it has overcome the projected resistant level at 120.45. The center of the projected series is positioning at [120.64] and the next quantized level is located at 120.82.

Hong Kong Qindex 08:36 GMT February 6, 2007 Reply   
Hong Kong Qindex 15:51 GMT February 5, 2007
GBP/JPY : the two upside targeting points are 236.37 and 236.69.

Bahrain BAH1 08:35 GMT February 6, 2007 Reply   
Hi frnds......Good day to u all.......
Any one can help please.....
What's normally the spread on the NOKJPY pair.

Thanks.....Good day .

Hong Kong Qindex 08:34 GMT February 6, 2007 Reply   
USD/JPY : The market is retreating from the lower barrier of daily cycle at 119.93 // 120.07 and it has overcome the projected resistant llevel at 120.45. The cenetr of the projected series is positioning at [120.64] and the next quantized level is located at 120.82.

Hong Kong Qindex 08:25 GMT February 6, 2007 Reply   
Mumbai NS 08:09 GMT - GBP/USD : Sell on rallies is still the preferred trading strategy. We have to wait see whether the market can penetrate through 1.9530.

stokholm se 08:25 GMT February 6, 2007 Reply   
Time: 09.30 am CET

BUY

OBS! right now dealing rate is on 71, wait until you hit 156.60-156.65!
If not, don't open position!!!

Dealing rate: 155.65

LOT: 1

Limit: 45
Stop: 65

OR/AND

Trailling : after 55 pips is 25
EURJPY BUY NOW

Tallinn viies 08:16 GMT February 6, 2007 Reply   
good morning guys,
sell orders from 1,2960-65 have been moved lower to 1,2930/35. would like to add more short and keep stop all at 1,2974. target stil at 1,2875. gl

Mumbai NS 08:09 GMT February 6, 2007 Reply   
Dr Q a very gud day to u culd i have ur today's update on cbl ty in advance.

stokholm se 08:09 GMT February 6, 2007 Reply   
Time: 09.02am CET

BUY


Dealing rate: 1.9617- 1.9620

LOT: 1

TP: 35

STOP: 70

OR/AND


Trailling: after 60 pips profit is 27
GBPUSD

Hong Kong Qindex 08:00 GMT February 6, 2007 Reply   
hong kong seek 16:40 GMT February 5, 2007
DR Q , may i kindly know yr view on gold ? many good trades to u

=========================================

Spot Gold : A projected resistant barrier is positioning at 653.9* // 656.6. If the marekt retreats and penetrate through 646.8*, the next two quantized levels are 632.4* and 639.6*.


... 621.7 - 625.3* - 627.1 - 629.7 // 632.4* - 636.0 - 637.8 - 639.6* - [6432.2] - 646.8* - 648.6 - 653.9 // 656.6 - 659.3 - 661.1* - 664.7 ...

Madrid mm 08:00 GMT February 6, 2007 Reply   
fwiw

madrid mm 13:02 GMT October 1, 2006
Currency markets-Yen and yang
Sep 28th 2006

China-bashers may soon take aim at the yen, the world's most mispriced currency.

WHICH country has the world's most undervalued currency? Most people would answer China. Yet by many measures the Japanese yen is now cheaper than the Chinese yuan. It cannot be long before America and Europe put Japan in the dock, alongside China, and accuse it of keeping its currency unfairly low.


The Economist.com

07:56 GMT February 6, 2007 Reply   
bob

Los Angeles Ash 07:34 GMT February 6, 2007 Reply   
Toyota Ups USD/JPY Assumption To 116, EUR/JPY To 147

Toyota like other Japanese manufacturers assuming lower USD/JPY and EUR/JPY levels stand to continue to reap windfall profits onexchange rate assumptions

Miami OMIL (/;-> 07:12 GMT February 6, 2007 Reply   
Short term view eur/usd: Time to take profits from another bounce on these levels. The 2930 resistance point must hold for a push beyond the 2890-2900 level for now. It is best to put the profit in your pocket if that key level is not broken soon IMHO. Peace and GT

GENEVA DS 07:08 GMT February 6, 2007 Reply   
mal semjii

hello sir... may be just a thought from my point of view.. I think the EURUSD is really only used these days to do and to undo crosses like EURJPY and EURGBP... on the other hand , there is a lot of Soverign Interest to sell some USD and buy some EUROs around here.... as The EURGBP and EURJPY are more offered than anything else.... the range short term will be supported around 12890/12900 , but any rally to the 12955/65 will be sold short term to make the crosses come down.... so I hope this will be enough of information for you this morning... have a good day...

Syd 06:54 GMT February 6, 2007 Reply   
A Sharp CNY Rise May Trigger Crisis - Academic

Comments carried in China Daily by Lin Yifu, well-known director of Peking University's China Center for Economic Research, unlikely to have much market impact, as they reflect academic calls for cautious stance on CNY issue, dovetail with official position: Lin says a drastic revaluation of CNY may suit interests of international speculators but could trigger financial crisis in China; sharp CNY revaluation unlikely to reduce trade surplus or FX reserves, but instead boost imports, damp exports, exacerbating overproduction. Suggests China stick to independent stance on CNY policy, make it clear pace of CNY rise to remain about 3% a year.

mal semiji 06:47 GMT February 6, 2007 Reply   
hello anyone here can help me???

SINGAPORE GFX 06:01 GMT February 6, 2007 Reply   
HONG KONG AHE,

OK, Will wait till ny close to short kiwi. THANKS A LOT.

mal semiji 05:56 GMT February 6, 2007 Reply   
eurusd ,,range ,,

Hong Kong Ahe 05:54 GMT February 6, 2007 Reply   
SINGAPORE GFX 05:44 GMT - Due to today NZD holiday. The price in Asian session is very stagnant. Better wait till today NY afternoon session, NZDUSD will move more vigourously, especially on 7th. It will drift lower to 0.6775. GL and GT.

SINGAPORE GFX 05:44 GMT February 6, 2007 Reply   
HONG KONG AHE,

NZD/USD managed to hold above 0.68 level from yesterday till now. What is your view today? Thanks

Bandung Panca 05:36 GMT February 6, 2007 Reply   
Looking support for gbp/usd place at 1.9551 . Gl !

Hong Kong Ahe 05:23 GMT February 6, 2007 Reply   
Today is NZ Waitangi Day Holiday. Yesterday Japanese securities house and trust bank sales of NZDJPY adding to model fund selling around the highs. A US investment house has been the latest seller. NZDUSD is still in pressure as NZDJPY continues to drift lower towards the 82.00 handle. GL and GT to all.

Rye,NY et 05:20 GMT February 6, 2007 Reply   
I don't, Bay...I haven't seen him since you have...Good Trades..

USA BAY 05:17 GMT February 6, 2007 Reply   
NY, RYE,

Any idea about AUSTIN MW, not seen hes post since 2007. GT/GL

Rye,NY et 05:14 GMT February 6, 2007 Reply   
Eur/Usd @ 1.2925....Yesterday's low hit a Bullish Trendline, a projected Channel Support from the previous Bullish Channel
(of last summer). This is a much stronger signal than the 618 Fib that I posted yesterday. If there is no break of yesterday's low, then we can look for, at least, a short-term uptrend, if not a return to the long-term trend...If there's no break lower today, then I would say it's up all the from here. ...All, of course, imvho....GL/GT

USA BAY 05:08 GMT February 6, 2007 Reply   
[STG/YEN] continues to suffer long unwinding pressures under the topping fo...
[STG/YEN] continues to suffer long unwinding pressures under the topping formation. The latest weakness comes from the losses through the daily key level of 236.40-30 that also looks like a neckline. The cross dips through the o/n low of 235.50 to 235.33, and rebounds are weak, below the earlier high. The picture looks similar to the Eur/Yen as long players are left at the worse costs level. The Jan 15 low of 235.00 is the next key level to watch, and weakness through there would indicate a further push down twds 233 and a full retracement to the launching pad area and the topping formation target around 231.

GVI 04:55 GMT February 6, 2007 Reply   
Wien - If you would like to advertize please contact [email protected]

Thanks

Wien censored 04:48 GMT February 6, 2007 Reply   
mik, Sofia,

it is very abusive to call me gay.
i know you too!

mal semiji 03:58 GMT February 6, 2007 Reply   
,,,so what about eurusd and usdcad,

HK RF@ 03:54 GMT February 6, 2007 Reply   
If no one comes to the rescue of EUR/JPY now right away!!! 153.50-target is almost certain. All on background of a hostile EU anti-Jap policy.

Sell EUR/YEN below 155.15 target 153.50 S/L 155.90

mal semiji 03:42 GMT February 6, 2007 Reply   
anyone now range for usdcad and eurusd today 06/02/2007?,,tq

Athens MK 03:36 GMT February 6, 2007 Reply   
Good morning.... Today early at the office :)

GBP/$: Today looking at a high 0f 1.9617 and a low around 1.9484 with a possibility of 1.9469 in some stop-hunting sell off...

Since their is a rising trendline at 1.95 for today we do expect to see some increase activity at that level but if it is penetrated than a quick SL reaction down to 1.9469 before profit taking takes place....

Some for the higher possibilty target: 1.9510 area with a second target at 1.9469-85 area...

SydoJoe 03:34 GMT February 6, 2007 Reply   
Tokyo md ::

Maybe in Minato-Ku still expensive but there are a lot of cheap assets IMHO

Goldman Sachs hoovering golf courses and Morganstanley bought JOETSU KANKO KAIHATSU ski resort... some bargains out there IMHO... Japan Inc want to take adbvantage of a weak yen,, but i imagine they will not like guijen buying up on the flipside...

Tokyo dm 03:08 GMT February 6, 2007 Reply   
SydoJoe 02:43 GMT February 6, 2007
Japanese real estate is like an expensive Prada pair of shoes that has been reduced by 30-40%....discounted from 4,000 dolars down to 2,500. It still is expensive...point been a lot of Foreign companies stil conider Japanese realestate still expensive and will not taking up the oportunity of a cheap yen to buy into real estate...may be take a good holiday at a good 5 star tokyo hotel . ..thats about it..

SydoJoe 02:43 GMT February 6, 2007 Reply   
AZUSA :: good article.. the yen is cheap ... european asset managers as well as the Great Wall should be taking advantage of this and taking a few trophies from nihonbashi and hoovering japanese assets IMHO.... some property outside of tokyo is still trading at 10-20cents in the dollar from its boom highs... ts is cheap and the ccy is cheap ..

AZUSA 4X-ed 02:27 GMT February 6, 2007 Reply   
A rather clever ploy of preserving the status quo?
........
Feb. 5 (MNI) JAPAN: It all depends on perspective A Nikkei News opinion piece offers that "Japan Firms Cannot Indulge In Weak Yen Forever," but notes the lower level of Japan bashing prevalent in the U.S. today, citing the broader base of Japanese manufacturing facilities in this country that have added to employment and asserting that Wall St welcomes the mix of a strong dollar vs yen and a weak dollar vs euro. The Nikkei report notes too that after the 1985 Plaza Accord, as the dollar weakened, Japanese investors snapped up such U.S. trophies as Rockefeller Center and Pebble Beach golf course and they fret that the weaker yen has markedly lowered the valuations of Japanese firms, especially when compared to some overseas competitors . Nikkei notes that the two or three top Japanese banks are dwarfed, in terms of market cap., by a couple of Chinese banks, while Petro-China outstripped Toyota in terms of market valuation . Nikkei warns that ongoing yen weakness exposes Japanese firms to foreign takeovers, not necessarily a welcome development.

Hong Kong Qindex 02:10 GMT February 6, 2007 Reply   
Hong Kong Qindex 09:40 GMT February 5, 2007
EUR/JPY : It is not good when it is trading below 156.10. It will head for 154.89*.

Philadelphia Caba 01:52 GMT February 6, 2007 Reply   
[Dow Jones] Japan corporate customers have started to buy JPY for March 31 FY-end funds repatriation, says Singapore dealer; customers also unwinding carry trades vs GBP, EUR before G7 Feb. 9-10. Notes large USD/JPY stop-loss sell orders below 120, GBP/JPY sell stops below 235, EUR/JPY stops below 155.

Barrie bm 01:51 GMT February 6, 2007 Reply   
hello all im looking for an independant trader looking for some capitol

ldn pw 01:43 GMT February 6, 2007 Reply   
Dallas GEP 01:39 GMT February 6, 2007
Thanks GEP - I was thinking short myself but then wasn't sure where this was latest bounce was taking gbp/usd..............

Dallas GEP 01:39 GMT February 6, 2007 Reply   
PW, I think a short from 1.9630 might work with initial target of 1.9580. Stop 1.9672

Philadelphia Caba 01:15 GMT February 6, 2007 Reply   
AUSTRALIA: National Australia Bank Ltd's business confidence index rose to 4 points in the fourth quarter of last year from 2 points in the previous quarter, NAB said. The overall business conditions index, a combination of the trading conditions, profitability and employment indices in the non-farm sector, had climbed to 17 points in the fourth quarter from 12 in the third.

ldn pw 01:12 GMT February 6, 2007 Reply   
any thoughts for gbp/usd from here ?

shanghai beyond_destiny 01:05 GMT February 6, 2007 Reply   
not good timing to pick a euryen low in this week.Downtrend could last longer than usual...151.5-152.2 mighe be the good range to re-load...

USA BAY 01:04 GMT February 6, 2007 Reply   
THANKS CS

Gen dk 00:58 GMT February 6, 2007 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

FW CS 00:43 GMT February 6, 2007 Reply   
USA Bay
I do not trade crosses but do look at them. The market now is a Yen story. 153.80 looks very reasonable for the Eur/Jpy this week.