Forex Forum Archive for 02/07/2007

Porto Genius 23:35 GMT February 7, 2007 Reply   
Sydney stv 23:20 GMT February 7, 2007

lololol thanks stv! ;)

Sydney stv 23:20 GMT February 7, 2007 Reply   
YES.....you are a Genius...lol

Porto Genius 23:17 GMT February 7, 2007 Reply   
To know australian numbers left one hour and 10 minutes? Am i correct?
Thanks! ;)

jkt-aye 22:43 GMT February 7, 2007 Reply   
magnetic price level for nzdusd : 1.6933 (4H), 1.6923 & 1.6805 (1H) and 1.6745 (daily). happy hunting

jkt-aye 22:42 GMT February 7, 2007 Reply   
magnetic price level for nzdusd : 1.6933 (4H), 1.6923 & 1.6805 (1H) and 1.6745 (daily). happy hunting

Gold Coast RC 22:41 GMT February 7, 2007 Reply   
Syd if you still looking for Murrey math info i have just came across a site with a forum and indicators at forex-tsd*com

Sydney ACC 22:24 GMT February 7, 2007 Reply   
Labour market overview – seasonally adjusted
The December 2006 quarter Household Labour Force Survey (HLFS) shows a further slight decline in employment after a long period of continued growth from the December 2002 to June 2006 quarters. Over the quarter, employment fell by 2,000 (0.1 percent). In annual terms employment increased by 1.4 percent. The number of people unemployed declined by 1,000 over the December 2006 quarter to 82,000. This decrease in unemployment, plus a slight reduction in the size of the labour force, led to a decrease in the unemployment rate of 0.1 of a percentage point, to 3.7 percent for the December 2006 quarter.

The labour force participation rate fell by 0.3 of a percentage point over the December 2006 quarter to 67.9 percent. This was the result of a contraction in the labour force of 3,000 people over the quarter (0.1 percent), coupled with growth (0.4 percent) in the unadjusted working-age population. The number of people not in the labour force grew by 13,000 (1.3 percent).

In summary, the December 2006 quarter HLFS results indicate a labour market that is still relatively tight, with continuing high employment levels. The unemployment rate has been consistently low, under 4 percent, since the September 2004 quarter.

LKWD JJ 22:12 GMT February 7, 2007 Reply   
just to throw in a wild card to the g7. monday is a holiday in japan! delayed fx reaction possible.....

Syd 22:02 GMT February 7, 2007 Reply   
Why Europe has a yen for a stronger Japanese currency
Mention Essen to a football fan, and he will probably recognise it as the birthplace of Arsenal and Germany goalkeeper Jens Lehmann. Located on the banks of the river Ruhr, it was formerly one of Germany's most important coal and steel centres, and is still home to 13 of the country's largest 100 corporations. But on Friday, it will add another string to its bow as it plays host to the world's most powerful finance ministers and central bankers when they gather for their latest G7 meeting.



http://news.independent.co.uk/business/analysis_and_features/article2245171.ece

USA BAY 21:55 GMT February 7, 2007 Reply   
What now for nzd/usd. thanks

Baltimore Zoltan 21:54 GMT February 7, 2007 Reply   
Thanks Bahrain1

Bahrain Bahrain1 21:51 GMT February 7, 2007 Reply   
NZ Q4 employment -0.1% vs +0.3% consensus, -0.4% last: jobless rate 3.7% vs 3.8%.

Baltimore Zoltan 21:47 GMT February 7, 2007 Reply   
Does anyone have the NZ job numbers? Thanks!

ABHA FXS 21:37 GMT February 7, 2007 Reply   
Lower trendline breached on GBPUSD @ 1.9691 on 240 minute timeframe
Summary
Trendline point 1: low at 2007.02.07 08:00 (1.9670)
Trendline point 2: low at 2007.02.06 04:00 (1.9588)
First candle below line: 1.9691 - 2007.02.07 20:00
Projected profit: 1.9640

Cali mmm 21:17 GMT February 7, 2007 Reply   
Good afternoon. Oilman, can you share your view for GBP/USD for the next 24 hrs pls. I am long at 1.9699. TIA.

LKWD JJ 21:08 GMT February 7, 2007 Reply   
$Y needs to get above 121.40 to get new buyers attracted

Cannes Oil man 21:05 GMT February 7, 2007 Reply   
The boj has not interveened in markets in the last 3 years.

LKWD JJ 20:56 GMT February 7, 2007 Reply   
cable; with macd positive and rsi on the rise and triple top leaves me to beleive we might get some upward movement.

New York Bank Prop Trader 20:55 GMT February 7, 2007 Reply   
Good afternoon all. Keep your eye on 120.83, a break above that will target 121.10 in Asia. A move above 121.40 will see new highs for USD/JPY in front of the G-7. I think if we start to see USD/JPY and EUR/JPY begin to rally aggressively in Asia, one has to be concerned about BOJ selling EUR/JPY as a bone to the Europeans. They may not hike rates. They certainly won't allow YEN to be dominated at the G-7, but they may throw a bone to the Europeans in the way of some EUR/JPY selling pre G-7. This is politics, not economics. Look for USD/JPY to get to Fridays closing level of 121.10 - 15... then short it for an aggressive USD move lower.

Philadelphia Caba 20:26 GMT February 7, 2007 Reply   
FXMarketSpace Test Phase To Start Thursday
CHICAGO (Dow Jones)--The Chicago Mercantile Exchange is about to begin the testing phase for a market targeting the estimated $2 trillion-a-day foreign exchange market.
CME's Chief Executive Craig Donohue revealed at a Credit Suisse investor conference on Wednesday that the "soft launch" of FXMarketSpace will begin Thursday. Actual live trading will commence in late March, Donohue said.
Last May, CME, a unit of Chicago Mercantile Exchange Holdings Inc. (CME), announced that it had entered a joint venture with data provider Reuters Group PLC (RTRSY) to create the world's first centrally cleared foreign exchange market place.
Each company agreed to invest $45 million by the end of this year to develop the initiative to tap into lucrative over-the-counter currency trades, which account for more than 90% of all foreign currency transactions.
CME has signed up 69 early adopter participants, including banks, prime brokerages, hedge funds and proprietary trading firms.
"We've got all the right people," said Donohue.
It's not clear how many of the early adopters are taking part in the testing phase.
CME has listed foreign exchange futures since the early 1970s. While they account for less than 10% of exchange-wide volume, forex is considered one of its fastest growing products.

Charlotte TH 20:19 GMT February 7, 2007 Reply   
Makkasar Alimin,you post re usd index greatly appreciated.do post oftener.

BEIRUT MK 20:04 GMT February 7, 2007 Reply   
close long eurusd from 1.2930 at 1.3010
now long cadjpy at 101.90 target 103

Zagreb MV 20:01 GMT February 7, 2007 Reply   
NYC Al 19:06 GMT February 7, 2007

I'm talking about eurusd.

IMHO if resistance (1.3050-60) holds we might see retest of this week's low.

gl gt

Makassar Alimin 19:58 GMT February 7, 2007 Reply   
usd index is at an important juncture, looks heavy but if it can turn around, and rally from here then i think it has a lot of potential to run higher

CT Cris 19:40 GMT February 7, 2007 Reply   
CT Cris 17:15 GMT February 7, 2007


========
the sideways levels 19725 and 19682 ...to reach the 19800
it must breaks the level 19725... and if breaks 19682 then the trend will be changed to the down.

======
mostly break will be down

Charlotte TH 19:35 GMT February 7, 2007 Reply   
gbpusd to 9630 and usdjpy to 121.10

london 19:30 GMT February 7, 2007 Reply   
ldn pw 19:25
12640's...

ldn pw 19:25 GMT February 7, 2007 Reply   
london 19:21 GMT February 7, 2007
Do you have any target in mind ?

NYC Al 19:22 GMT February 7, 2007 Reply   
OK like with MV WHY WHY WHY? what gives this

london 19:21 GMT February 7, 2007 Reply   
€/$ An excellent sell level here with stop above todays high....ride out 'til middle of next week. gt's to all.

NYC Al 19:06 GMT February 7, 2007 Reply   
MV why ?? the retreat to 1.295, what makes you say that

madrid mm 18:49 GMT February 7, 2007 Reply   
gbp-jpy
high-23804
low-23649

madrid mm 18:47 GMT February 7, 2007 Reply   
we might get a slow London trading session tommorow 8-)
U.K. Met Office Predicts Heavy Snow, Transport Delays by Alex Morales
Feb. 7 (Bloomberg) -- Parts of Britain may get as much as 15 centimeters (6 inches) of snow by tomorrow, disrupting traffic in the center and south and hampering London commuters, the U.K. government forecaster said.

PAR 18:42 GMT February 7, 2007 Reply   
G7 will prove that Steinbruck, Germany and Europ no longer have any impact on the world economy dominated by the USA , their small assistant the UK , and BRIC .

mal semiji 18:35 GMT February 7, 2007 Reply   
high for gbp jpy ?

Zagreb MV 18:31 GMT February 7, 2007 Reply   
atx 18:15 GMT February 7, 2007

It will be wise to put stops on 13065-75 if you can't afford to go above 1.31 area. It might breach 1.3060 area but on the other hand it might retreat to 1.2920-30.

gl gt

mal semiji 18:28 GMT February 7, 2007 Reply   
hello,, anyone to tell me the high range for gbpjpy ,,tq

Plovidv Gotin 18:20 GMT February 7, 2007 Reply   
1.3025

atx 18:15 GMT February 7, 2007 Reply   
Can someone pls give the high on eur, tia.

NYC Ed 18:13 GMT February 7, 2007 Reply   
any thoughts on shorting eur/usd right here at .3012 for an eod day 20 pips. I have a feeling the market believes the dollar can get stronger on the back of the DOW record??
Thoughts Please

mal semiji 18:05 GMT February 7, 2007 Reply   
hi all,,antone know here about ANZ

USA BAY 17:46 GMT February 7, 2007 Reply   
[CABLE] has remained trapped in narrow range around the 1.9700 handle dur...
[CABLE] has remained trapped in narrow range around the 1.9700 handle during the day, buffetted by conflicting cross flows and a general lack of enthusiasm ahead of Thurs" MPC announcement. No change from 5.25% is expected as the bank digests the impact of Jan's hike, though the market is looking for another move in Mar, which should provide an overall downside prop to sentiment. Gbp/Jpy bidding has played a prominent role in the Jpy's softer profile, though Eur/Gbp is again back above 0.66 after running into good bid interest around 0.6570. The upside may prove attractive amid a firmer Eur profile, though continuing rate hike expectations should see offer interest again in place around the 0.6630 and 0.6650 marks. The 1.9750 level marking the 61.8% retracement of drop off the year's highs remains the key upside hurdle in the pair, offer interest again expected to be firm around here. A US investment bank bid today's lows, with more bids expected around 1.9660-70.

LKWD JJ 17:28 GMT February 7, 2007 Reply   
phil triple tops are targets even if breakout is only goes 1 box. which means we shud hit 40-60.

london phil 17:23 GMT February 7, 2007 Reply   
i think it would need a suprise rate hike for that

LKWD JJ 17:21 GMT February 7, 2007 Reply   
p&f chart (20X3) in cable showing area of resistance 19720-40 TRIPLE TOP .if we get a print of 40(high today 33 bid on c mc) we can go alot higher towards 199-2..imho

SINGAPORE GFX 17:17 GMT February 7, 2007 Reply   
HONG KONG QINDEX,

Dr Q, Is the move for aud/jpy still upside towards 94.47. thanks

CT Cris 17:15 GMT February 7, 2007 Reply   
Montréal Taro 14:38 GMT February 7, 2007
CT Cris 14:15 GMT
Do you expect 1.9800 to be reach today ?

========
the sideways levels 19725 and 19682 ...to reach the 19800
it must breaks the level 19725... and if breaks 19682 then the trend will be changed to the down.

St. Annaland Bob 16:47 GMT February 7, 2007 Reply   
NYC Al 16:21 GMT February 7, 2007

if you insist, then I will call you Al ... long enough in this business (but not long enough) not to say anything, it may go BELOW or ABOVE and I will be there to to trade ... fair enough?

PAR 16:43 GMT February 7, 2007 Reply   
G7 is becoming like europ . With 7 members they could take sound decisions . With 27 it becomes impossible to decide anything .

madrid mm 16:41 GMT February 7, 2007 Reply   
thx alex

UK Alex 16:40 GMT February 7, 2007 Reply   
Finance ministers from Brazil, China, India, Mexico, Russia and South Africa have been invited to attend a working dinner with the G7 finance ministers on Friday to discuss a variety of issues. It is also worth noting that Chinese Finance Minister Jin Renqing and Bank of China Governor Zhou Xiaochuan are also invited to a two-hour meeting on Saturday with the G7 finance officials to discuss: "Surveillance; capital market issues including increasing transparency of hedge fund activities".

UK Alex 16:39 GMT February 7, 2007 Reply   
madrid mm 16:38 GMT February 7, 2007
I think they get about 2 hours slotted in somewhere.

madrid mm 16:38 GMT February 7, 2007 Reply   
Is China invited to the G7 meeting ? India ? Russia ? others ? They normally do. At the end of the meeting they will all sing the famous Talking heads song ¨we are on the road to nowhere¨
8-)

madrid mm 16:35 GMT February 7, 2007 Reply   
PAR 16:28 GMT February 7, 2007

i can think of a few
french fin min
Junker

Believe me he will share a few beers with them and say
Q-so chaps, what can we do about this euro-yen situation ?
A- Euuuuuuurrrrrrrrrgggggg ......

Plovidv Gotin 16:32 GMT February 7, 2007 Reply   
Hong Kong Qindex 15:54 GMT February 7, 2007
Yr figures(9641/09) are correct but as long as Cable is above 9677 I think cud see 9735 again.

Cannes Oil man 16:29 GMT February 7, 2007 Reply   
The guys who followed the recomm's to go short kiwi 67-68 will soon have to go long...It's expensive to short , plus after G7 , and yen risk is away , followed by the NZD hike , the kiwi will fly towards the target..

PAR 16:28 GMT February 7, 2007 Reply   
Looks like P. Steinbruck will have a major problem at this weekend G7 since nobody seems to be sharing his view on the eur and on the eurjpy . On the contrary USA seems to want a weaker yen. Also while Paulson says yen is determined by free market, currency analysts at GS agree that yen rate is steered by japanese government and less by free market than other currencies .

UK Alex 16:27 GMT February 7, 2007 Reply   
PAR 16:00 GMT February 7, 2007
Maybe productivity has come to the rescue, for now anyway.

Cape Town 16:27 GMT February 7, 2007 Reply   
Trivia for the day /// The kiwi bird is unusual in at least two respects. First, it is the only bird in the world that has its nostrils at the end of its beak. Second, the female kiwi has the largest egg, in proportion to its body size, of any bird in the world (except possibly for the hummingbird). Kiwis are about the same size as chickens, but their eggs are almost as big as those of ostriches.

St. Annaland Bob 16:24 GMT February 7, 2007 Reply   
the KIWI currency waits for the right time to eat the KIWI fruit and then to start flying like the KIWI bird ... anything else may cause it to act like side affect of the KIWI beer ... happy trades

NYC Al 16:21 GMT February 7, 2007 Reply   
St...are you saying the break will be ABOVE 1.300? or BELOW??

St. Annaland Bob 16:15 GMT February 7, 2007 Reply   
break out of the current trading ranges may happen tomorrow but for sure before 13/FEB/2007 ... trade carefully ... anyway, EUR ranges will not break before ECB announcement (1.2905-1.3055) ... happy trades

GVI john 16:03 GMT February 7, 2007 Reply   
CORRECTED LINK...

Survey Analysis courtesy Cumino...

CLICK TO VIEW

jkt-aye 16:02 GMT February 7, 2007 Reply   
Many thanks Qindex.

PAR 16:00 GMT February 7, 2007 Reply   
By talking down the Yen Paulson is encouraging carry trades to push us stocks and commodities higher. GS got the message . Probably got the message before the rest of us .

Hong Kong Qindex 15:54 GMT February 7, 2007 Reply   
jkt-aye 15:50 GMT - GBP/USD : It is likely that we have seen daily cycle high. The daily low could be below [1.9641], 1.9609* is a reasonable target.

hong kong seek 15:52 GMT February 7, 2007 Reply   
in short usdjpy at 12070

jkt-aye 15:50 GMT February 7, 2007 Reply   
Qindex, may i know your bias on GBP ? i have target 1.9630 on hourly and 1.9765 on 4H basis. tia

london phil 15:50 GMT February 7, 2007 Reply   
theres a nice 4 hour trend line on usd jyp capping it

Hong Kong Qindex 15:49 GMT February 7, 2007 Reply   
İstanbul Sez 15:47 GMT - Yes, that is my guess!

İstanbul Sez 15:47 GMT February 7, 2007 Reply   
Hello Mr. Q,
You mean eur follow the cable thtough 1,2980 and lower?
tia

Hong Kong Qindex 15:43 GMT February 7, 2007 Reply   
GBP/USD : It is going to be a leading indicator.

OTTAWA mjw 15:37 GMT February 7, 2007 Reply   
dallas GEP. could you explain ,if you dont mind please,your bias on shorting at 120.70 area, thanks for any input you may have.

london av 15:36 GMT February 7, 2007 Reply   
GEP, do have a stop loss in mind for your trade? the momentum for USD/JPY seems to be to go long it it break 12070

manchester 15:31 GMT February 7, 2007 Reply   
any views on NZD/USD? 6840 was a resistance previously.

GVI john 15:29 GMT February 7, 2007 Reply   
Survey Analysis courtesy Cumino...

CLICK TO VIEW

GVI john 15:26 GMT February 7, 2007 Reply   
In the February monthly sentiment survey of professional forex dealers by global-view.com, the leading forex discussion website, sentiment for the USD against the EUR has improved. The three-month ahead mean forecast for EUR/USD was 1.2982 from 1.3033 a month earlier. The EURUSD spot price at the mid-point (February 6 close) of when the survey was being conducted was 1.2928.

The GVI-Cumino Euro bull index (Range 0-100; 0 = most bearish, 100 = most bullish, 50 = neutral) was about steady in the EUR/USD at 56 from 54 previously. The GVI-Cumino index uses a theoretical neutral option strategy to measure the intensity and direction of individual trader sentiment from price levels at the time when forecasts were made.

The USD/JPY mean dollar forecast improved to 118.86 from 115.47 one month ago. The USD/JPY spot rate at the mid-point of when the survey was being conducted was 120.33. The GVI-Cumino dollar bull index turned less USD bearish. It was 39 after 27.

Traders expect the price of crude oil (WTI) to close at $61.44 in three-months time from the current spot vs. the previous $59.81 estimate.

In a special question, participants were asked they expected the G7 this weekend to take concrete action to bolster the JPY. 80% said no, while 20% said yes.

For complete detailed survey results including history see:
http://www.global-view.com/gvi/Survey.htm

If you decide not to participate in the future, hit reply and type in "remove" and we will take you off the list.

Dallas GEP 15:10 GMT February 7, 2007 Reply   
Shorted usd/jpy, target 120.10

Dubai AA 15:01 GMT February 7, 2007 Reply   
Sydney 13:57 GMT February 7, 2007
Where can I get free Murray Level indicators?
--------------------------------------------
Sydney, i have some stuff of Murray Math. I can mail them to you.

Arrais

Montréal Taro 14:40 GMT February 7, 2007 Reply   
Sydney 13:57 GMT
I have it for metatrader 4

Montréal Taro 14:38 GMT February 7, 2007 Reply   
CT Cris 14:15 GMT
Do you expect 1.9800 to be reach today ?

madrid mm 14:30 GMT February 7, 2007 Reply   
pd cumino 14:19 GMT February 7, 2007
i know don t worry.

I have been using internet access of 56k for the last week or so as my ISP promised to repair my adsl....says a lot about Spanish customer services ... lol .Anyway nothing like listening to the oldie ¨money for nothing¨from dire straits to keep me awake !!

pd cumino 14:19 GMT February 7, 2007 Reply   
madrid mm 13:55 GMT February 7, 2007
I can assure about those numbers they were referring only to a part.

CT Cris 14:15 GMT February 7, 2007 Reply   
CT Cris 14:19 GMT February 6, 2007
gbp.usd start heading twd 19730 now.
=======
as first target 19730 reached , it filled into sideways then up to next target 19800.

madrid mm 14:11 GMT February 7, 2007 Reply   
RIC fxq 14:06 GMT February 7, 2007

i am with you one this one. I know of -

Coincident Indicator
Soccer Mom Indicator
Super Bowl Indicator
Demarker Indicator
Leading Indicator
Lagging Indicator
Aroon Indicator
Qstick Indicator
etc... but murray

RIC fxq 14:06 GMT February 7, 2007 Reply   
Sydney 13:57 GMT

ok, I'll bite - whats a Murray Level indicator??????

Sydney 13:57 GMT February 7, 2007 Reply   
Where can I get free Murray Level indicators?

Tokyo 13:55 GMT February 7, 2007 Reply   
1

madrid mm 13:55 GMT February 7, 2007 Reply   
fwiw i read somewhere that JPMorgan estimates the size of carry trade to be about 40 trillion yen ($331 billion), which is bigger than Austria's economy. The trade may be much larger than that, and far more powerful when you factor in leveraging. ..... key word here is leveraging

Bahrain BAH1 13:30 GMT February 7, 2007 Reply   
US Q4 unit labour costs come in at 1.7% from 3.2% (revised from 2.3%), while expectations were for 2.1%.

Bahrain BAH1 13:29 GMT February 7, 2007 Reply   
US Q4 non farm productivity is 3.0% from -0.1% (0.2% previously) and against forecasts for 2.0%.

madrid mm 13:09 GMT February 7, 2007 Reply   
pd cumino 12:54 GMT February 7, 2007

fwiw gut feeling
between 45 and 65% in USD$
...and as we play the guessing game
next on the list in % are probably NZ n Australia

1998 all over again ? 8-) LTCM etc.

pd cumino 12:54 GMT February 7, 2007 Reply   
I am requesting an opinion or better a feeling, therefore not necessarily based on precise data.
Consider = 100 all the existing carry trades (JPY and CHF financed or others if you think so). How much of those 100 do you think is placed into US assets? TIA.

jkt-aye 12:53 GMT February 7, 2007 Reply   
my magnetic level on hourly basis :
eur 1.2950, jpy 120.90, gbp 1.9630, chf 1.2450
happy hunting

Hong Kong Qindex 12:47 GMT February 7, 2007 Reply   
san miniato ab 12:11 GMT - I am not comfortable at this level. I am afraid it can easily retreat. Anyway we have to wait and see. I am not in my office and can't give you any further details.

Hong Kong Qindex 12:45 GMT February 7, 2007 Reply   
san miniato ab 12:11 GMT - I am not comfortable at this level. I am afraid it can easily retreat. Anyway we have to wait see.

Karachi GBP/USD 12:39 GMT February 7, 2007 Reply   
Hello Dears.......

Please give me Daily Cycle of GPB /USD wats today's Range of trading ......?

san miniato ab 12:11 GMT February 7, 2007 Reply   
Honk Kong Qindex
may i have pls ur opinion abt audusd? i m personally long since tonite unchgd RBA' s decision at 0,7776 (sl 0,7710 tp 0,7900) as i think we can have a good labour number tonite and an hawkish monetary report on monday. Thanks in advance for ur reply

Hong Kong Qindex 12:06 GMT February 7, 2007 Reply   
AUD/JPY : The market will vibrate around [93.71] with an expected magnitude of 92.94* - 94.47*.

UK Alex 11:46 GMT February 7, 2007 Reply   
The Dow Jones Newswires survey of 25 economists calls for an annualized rate of productivity growth of 2.1% and for
unit labor costs to have increased at a 1.9% annual rate. That’s up significantly from the third quarter’s 0.2% growth in
productivity, but remains below the U.S.’s long-term trend.

Global-View Research 11:36 GMT February 7, 2007 Reply   
Key Points
• MoF comment promotes further easing in pre-G7 tension/JPY liquidation pressure.
• Tomorrow’s ECB meeting will be significant for the EUR.
• US unit labour costs, Japanese bank lending, Australian employment feature. Click here for Mellon FX Daily

Hong Kong Qindex 11:24 GMT February 7, 2007 Reply   
GBP/JPY : The market is resting around 237.90 and waiting for further instruction. There is a monthly cycle resistant point at [238.42]. If the market refuses to tackle [238.12] and trades below 237.58, I would also assume that we have seen the daily high already.

Zagreb MV 11:13 GMT February 7, 2007 Reply   
Hong Kong Qindex 10:03 GMT February 7, 2007

Thanks a lot Dr Q. Your analysis are always apreciated. I've been waitng almost a year to make a proprer short on eurusd, but somehow i'm not sure yet. Also I'm looking for swissy to breach 1.26 area.

gl gt

Hong Kong Qindex 11:08 GMT February 7, 2007 Reply   
USD/JPY : 120.70 is a quantized level in my monthly cycle. The market may reverse its direction and tackle [119.81]*.

madrid mm 11:05 GMT February 7, 2007 Reply   
UK Alex 10:54 GMT February 7, 2007
8-)

@ gmt +1
EUR-USD
R3 = 1.3090
R2 = 1.3041
R1 = 1.3012
Pivot = 1.2963
S1 = 1.2934
S2 = 1.2885
S3 = 1.2856
------------
H = 1.2992
L = 1.2914
C = 1.2984

Hong Kong Qindex 11:04 GMT February 7, 2007 Reply   
EUR/JPY : 156.82* is a monthly cycle quantized level. If the market retreats further down and trades below 156.45 I would assume that we have seen the daily high already.

Hong Kong Qindex 10:56 GMT February 7, 2007 Reply   
EUR/JPY : It has potential to tackle the barrier at 156.99 // 157.27.

Gen dk 10:55 GMT February 7, 2007 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

UK Alex 10:54 GMT February 7, 2007 Reply   
‘Even if you are on the right track you’ll get run over if you just sit there.’ Will Rogers (1879-1935)

madrid mm 10:27 GMT February 7, 2007 Reply   
Anyone can make money in the forex market, but it requires patience and a well-defined strategy to follow.

warsaw TOMi 10:25 GMT February 7, 2007 Reply   
to dr unken katt 06:16 GMT February 7, 2007

holding long for 1.3066 limit.

Auckland trotter 10:14 GMT February 7, 2007 Reply   
Had problems logging on to the website and made my market assessment before the opening of the UK market.

Trading range on the 1hr 30day / 1day 6mo / 4hr 20day charts is around 1.3045 to 1.2904.

The 61.8% fib on the 1wk 3yr is around 1.2908, and shows a support level on this chart. This chart still shows some up movement.

The price on the 1day 6mo still shows some up movement with the SMA(89) having crossed the SMA(100).

On the 4hr 20 day chart the price is above the SMA(100), with RSI(5) and (14) coming down from over bought.

RSI(5) and (14) on 1hr 5day chart is coming down from over bought.

The price has hit a resistance level around 12989 the 38.2% fib on the 4hr 20 day chart.

With conflicting info from various time charts I see a ranging market, so will look at taking pips within the range, unless the market says otherwise - within my understanding.

Hong Kong Qindex 10:11 GMT February 7, 2007 Reply   
USD/JPY (Daily Cycle) : The market is heading towards the upper barrier at 120.92* // 121.06. The current expected trading ranges are ... 120.55* - 120.64 - 120.73 - 120.92* ...

madrid mm 10:07 GMT February 7, 2007 Reply   
-Yen Snaps Two-Day Gain as Japan Official Says the Currency Not a G-7 Focus
-Yuan at Highest Since July 2005 as China Officials Emphasize Gradual Gains
------Currency Traders Are Paying Biggest Premium Since April 2004 for Yen Call------ ( i wonder why 8-))
bloomberg.com

Hong Kong Qindex 10:06 GMT February 7, 2007 Reply   
SINGAPORE GFX 10:03 GMT - AUD/JPY : The market is trying to move into the upper trading ranges of 93.87* - [94.15] - 94.43*.

Hong Kong Qindex 10:03 GMT February 7, 2007 Reply   
Zagreb MV 07:59 GMT - The general direction for EUR/USD is going down and the general direction for USD/CHF is moving up. We do have to use short term cycle analyses to monitor the situation in order to get some early warning signals.

SINGAPORE GFX 10:03 GMT February 7, 2007 Reply   
DR Q.

Any idea where aud/jpy is heading. ty

Hong Kong Qindex 09:59 GMT February 7, 2007 Reply   
EUR/CHF (Daily Cycle) : The market is going to tackle the upper barrier at 1.6138* // 1.6149. The projected supporting barrier is [1.6091] - 1.6107*.

Zagreb MV 07:59 GMT February 7, 2007 Reply   
Hi there folks.

Dr. Q can you tell us where do you see eurusd and swissy in next few weeks?

gl gl

Bahrain BAH1 07:09 GMT February 7, 2007 Reply   
UK January Nationwide consumer confidence index at 84 after 83 last and against consensus for 85.

Polokwane CS 07:04 GMT February 7, 2007 Reply   
mal semiji 06:15 GMT February 7, 2007
anyone know range for eur usd??thanks

Go to Global-View Home page . Select "Historical Ranges"
near bottom of page, select there "Forex Ranges for 9 currency pairs". Should help. More info available on other selections as well.GL.

Bahrain BAH1 06:51 GMT February 7, 2007 Reply   
Good morning frnds.......
Still think euro is a sell....was surprised with yesterday's move.
Short at 1.29475 was stopped last night at 76.

Think today we sell the rallies. Good luck to you all.

to dr unken katt 06:16 GMT February 7, 2007 Reply   
Taiza Thomsen

mal semiji 06:15 GMT February 7, 2007 Reply   
anyone know range for eur usd??thanks

USA BAY 06:02 GMT February 7, 2007 Reply   
HONG KONG QINDEX.

DR Q,

If you don't mind could you post the analysis for eur/chf please. Thanks

Hong Kong Qindex 05:41 GMT February 7, 2007 Reply   
AUD/USD : Projected resistanct points are located at 0.7775* and [0.7795].

Hong Kong Qindex 05:21 GMT February 7, 2007 Reply   
AUD/JPY : The market is pulling towards [93.71]. It has a potential to vibrate around 93.34 with an expected magnitude of 93.14 - [93.74].

SINGAPORE GFX 04:54 GMT February 7, 2007 Reply   
HONG KONG QINDEX,

If you have the time, please share your bias for AUD/JPY. Appreciate it. Thanks you

Hong Kong Qindex 04:52 GMT February 7, 2007 Reply   
USD/JPY Daily Cycle) : The market is going to consolidate between 119.80 - 120.17 initially. Projected resistant points are expected at [120.36] and 120.55*. If the market can penetrate through the lower barrier at 119.23 // 119.42*, the next targeting point is 119.04*.

SINGAPORE GFX 04:50 GMT February 7, 2007 Reply   
SYDNEY ACC,

Thanks for the article. Will definitely be cautious. Below is an article to read for info if it is useful.

______________________________

Thank you for signing up to receive our commentary, provided by censored Markets Analyst, Ashraf Laidi. This a SPECIAL FX CHART ANALYSIS for Tuesday, February, 6th.

Rising Oil & G7 Meeting: Yen Strength or Dollar Weakness?

The dollar’s technical outlook has taken a turn to the worse on a combination of aggressive pre-G7 currency talk favoring yen stability and an 18% increase in oil prices over the past 3 weeks.

Oil Rebound as Fast as Past Decline

An 18% rise over a 3-week period is as significant as a 20% decrease over a 4-week period (oil’s decline from mid December to mid January), but oil’s rebound has not yet made it to the front pages as it is “only” at 4 week highs, which is not as “spectacular” as 18-month lows –seen in mid January. But the magnitude of the current rebound is comparable to the prior declines. The significance of the recent oil increase is such that US consumers may start to struggle in spending their way to an economic soft landing and keeping intact the Goldilocks scenario (neither too hot nor too cold). A prolonged slowdown in US housing would raise risks of a double whammy for the US economy, especially at a time, when US manufacturing deepens in a recession.

G7 May Trigger Further Yen Moves, but Short-lived

One week ago, it was unthinkable that the official communiqué on foreign exchange markets would address the yen’s excessive weakness. But the fact that currency had hit a 21-year low in trade weighted terms, all time lows against the euro and 8 1/ 2 year lows against the British pound, qualifies the yen’s weakness to be tabled in the discussions to the extent of triggering notable market moves. Thus, even if the official statement on FX sticks to its usual generic format, along with addressing China’s foreign exchange regime (as was done in the last two G7 meetings), there exists the potential for further yen moves (vs Aussie, Euro, Sterling and US dollar) as European officials are capable to raise the volume in their demands for “more FX stability” as has already been demonstrated by German ministers.

Yet, we see the yen’s fortunes improving mainly against the Aussie (target 92 by end of week from current 93.28), the euro (154.20 from current 155.95) and British pound (232 from current 236.70 in the event that the Bank of England does not surprise with another rate hike this week). Downside in USDJPY is seen limited to 119.20-25, before consolidating into a lower range inside the 119.00-120.00 range.

Break of 10-year yields/prices, foretells further dollar declines

We warned last week that the price of the 10-year Treasury note (March 2007 contract) was testing higher towards the 107 figure (equivalent of yield testing lower towards 4.81%). We stated that we “expect a breach of the 2-month trend line resistance at 107.17, equivalent to a yield of 4.75” adding that we added that: “Transitioning this analysis into tomorrow’s non-farm payrolls, the charts suggest a potentially disappointing report may be in store, which is a negative for the US dollar.” Indeed, payrolls were disappointing and the dollar did decline, before ending higher on talk that the ECB will pause for longer than expected.

Finally today, the 10-year T-note broke the 2-month trend line (price broke resistance to 107.18 high, and yield broke support to 4.76%), opening the way for further headway towards the 107.30s until 107.50 resistance, corresponding to a yield of 4.71% from the current 4.77%. This translates into further dollar downside, especially as the oil factor manifested itself into the US dollar index ‘ failure to break above its 200-day moving average for the 4th time in less than one week.

Sydney ACC 04:45 GMT February 7, 2007 Reply   
SINGAPORE GFX Received from CBA in the last hour FYI:

Tomorrow is an important day for the AUD/NZD exchange rate. January employment data is due in Australia and Q4 employment data is due in New Zealand. While the likelihood is that the AUD/NZD exchange rate will close above 1.1400 (ie. higher) on the day, in one-week's time the AUD/NZD exchange rate is likely to be lower than 1.1400, and by the end of March at 1.0972.

Foreign exchange market sentiment is being heavily influenced by this weekend's G7 meeting in Germany. Participants continue to remain cautious about holding short JPY positions ahead of the meeting. There has been notable selling of long NZD/JPY positions and to a lessor extent, AUD/JPY positions. The NZD/USD has been the worst performing major currency over the last 5 days. But the NZD has not fallen below the low touched prior to Monday's stronger than expected Q4 labour cost index data. It is because the New Zealand Q4 labour cost data suggests there is a high risk of a New Zealand interest rate rise on 8 March. It is why we see the extremely interest rate sensitive AUD/NZD exchange rate at 1.0972 at end-March.

However, over the remainder of this week, ahead of the G7 meeting, NZD sentiment will remain poor which means a slight rise in tomorrow's Q4 New Zealand unemployment rate above (the expected) 3.8% will be met with heavy selling in the NZD. But a steady unemployment rate (or a small decline in the unemployment rate) will be met with a limited rally.

The AUD should continue to do well. A strengthening US economy is a positive for global growth and the AUD. Australia-US interest rate spreads remain supportive and base metal prices are at firm levels. Even a lower than expected January employment number (including a slight fall in total employment growth) should be met with limited AUD downside. Because the underlying trend in employment growth remains strong. We would view any downside in the AUD as a good buying opportunity. Our current short-term view of the AUD possibly testing a low of US$0.7625 is still in place. But we remain less confident of that lower level being touched. However, we remain confident of our medium-term forecast that the AUD will be at US$0.7900 by end-March. For the record, the RBA left interest rates unchanged today at 6.25% (as expected).

Syd 04:42 GMT February 7, 2007 Reply   
The New Zealand dollar exited lower Wednesday and looks set to remain out of favor this week ahead of a meeting of Group of Seven financial heads Friday. The Kiwi has been the biggest casualty in global currency markets in the past 48 hours from a mass liquidation of carry trades ahead of the G7 meeting. Market players are jittery ahead of the meeting on fears the G7 chiefs will discuss the yen's weakness and warn against the euro's continued ascent against that currency. That would underpin the yen and put the carry trade strategy - where traders borrow low-yielding currencies to buy higher yielding sovereigns - in jeopardy. Graham Parlane, associate director at foreign exchange concern Tricom, said investors were "loath to assume positions" ahead of the G7 meeting.

Syd 04:41 GMT February 7, 2007 Reply   
Sydney ACC 03:55 Hi thats my view also, the housing Market in Perth also showing signs of cooling which will catch up with the market, I dont want to sound like Mr. Doom and Gloom but see some slower data down the road ahead , just listening to CNBC recorded squawkbox from the US , many are also saying now is not the time to get too ahead of yourself in China or India as they are also looking for a pullback this year with the smart money pulling back.

SINGAPORE GFX 04:31 GMT February 7, 2007 Reply   
SHORT AUD/JPY 93.35, TP 92.00

SINGAPORE GFX 04:15 GMT February 7, 2007 Reply   
MAL SEMIJI,

Are you serious or are you kidding. All the info are below, please read before asking.

mal semiji 04:06 GMT February 7, 2007 Reply   
(the new range will be 89-92),

what is currency?

SINGAPORE GFX 03:55 GMT February 7, 2007 Reply   
NJ JF,

YEP, 89 was the level it was trading around thanksgiving before the straight journey up. Hope it goes to that level soon.

Sydney ACC 03:55 GMT February 7, 2007 Reply   
Syd 03:41 GMT February 7, 2007
The economists in most of the major banks here are predicting a rather flat outcome on the emplyment data tomorrow. On the whole most of the pundits have underestimated the figures for the last few months. I think with the NSW economy flat and rural Australia still suffering from the drought the figure could be bad. Its at this time of the year the grains are moving, with little or no harvest in many parts of Australia those seasonal jobs will not be there. A negative figure of 20k or more may scare the heabie jeebies out of some.

nj jf 03:49 GMT February 7, 2007 Reply   
the new range will be 89-92

it is slightly ahead of euryen and gbpyen at present and will (should) complete its pattern first.

Syd 03:42 GMT February 7, 2007 Reply   
nj jf 03:37 GMT below meant in reply to your post :-0

Jakarta 03:41 GMT February 7, 2007 Reply   
Syd. Thx for the insight for USD/JPY.

SINGAPORE GFX 03:41 GMT February 7, 2007 Reply   
NJ JF,

If aud/yen that has been holding quite well till now is a sell, what levels are you looking at if it drops. thanks

mal semiji 03:41 GMT February 7, 2007 Reply   
hw mch the high range for usdjpy, ??

Syd 03:41 GMT February 7, 2007 Reply   
Syd 03:22 GMT just wondering how the japanese will react to a Labour government here, notice some talk of the election being bought forward to August , the employment data tomorrow needs to be watched also could take back some of the rise we have seen over Xmas ,its got quite a lot to contemplate pre Weekend cheers

nj jf 03:37 GMT February 7, 2007 Reply   
Syd 03:22
audyen will generate sell signal in a couple of hours -- feel like that scenario mentioned wud take place today.

Syd 03:22 GMT February 7, 2007 Reply   
Tocom gold tad higher midday on slight gains in USD/JPY, firmer oil prices, but may reverse in afternoon if USD/JPY drops below 120, says trader at major Japan house. Tocom benchmark December +Y11 at Y2,550/gram; spot gold at $654.80/oz, +$1.25 on NY close. USD/JPY last 120.17; "everyone's looking at the forex market," trader says, adding spot gold may drop $1-$2 if USD/JPY breaks 120

Sydney ACC 02:55 GMT February 7, 2007 Reply   

Merrill Lynch has warned of a global credit crunch as central banks in Europe and Asia tighten monetary policy, advising clients to shun risk and switch to safer assets over the forthcoming months.

Presenting its strategy for 2007, the US bank said the world boom is clearly giving way to a slowdown that will shake up markets and punish smaller equities, industrial metals, and lower-tier assets of almost every kind.
Money can still be made as the cycle turns, chiefly by rotating into short-term cash deposits and quality stocks with good dividend yields such as AstraZeneca, Barratt Developments, Sweden's retailer H&M, or Spain's Banco Popular Espanol - along with a few bars of gold bullion.

The bank said 2007 would be the "year of the dividend", with fear returning as the VIX and VDAX volatility indexes - widely used in option trading - rise from record lows.

"We think global interest rates are going to rise a lot more than investors are discounting, and this is a worrisome outlook for profits," said Khuram Chaudhry, chief European strategist.

"We've seen liquidity everywhere, in equities, property, bonds. It's been a one-way bet for investors, and they've taken on a lot of risk. But they're not looking beyond the news to the slow drip-drip effect of interest rates. It matters when central banks tighten monetary policy," he said.

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The US Federal Reserve has raised interest rates 17 times already since June 2004 from 1pc to 5.25pc, but Europe has been slower and the Bank of Japan is still holding rates at 0.25pc - offering hedge funds an alternative window of easy money. This last window is about to close, albeit slowly.

Global liquidity - the monetary juice that fuels the system - reached a peak growth rate of 22pc at the end of 2005, even higher than the 15pc peak just before the dotcom bust in 2001.

The rate has since plummeted to around 10pc, and may have further to go. Mr Chaudhry said the suddenness of the fall matters more than the absolute level, typically serving as a warning signal with a lead time of 12 to 18 months.

It slid in a similar fashion in 2000, and before both the 1998 Asia crisis and the US Savings and Loan crisis in the 1980s.

Merrill Lynch said it was cutting back on British equities, viewed as too exposed to resource, energy, and mining stocks that have already seen the best of the cycle.

Britain is now one of the most heavily indebted countries in the world, leaving little scope for equity growth. Total loans amount to 162pc of GDP, compared with 111pc in the US and just 27pc in Poland. "The UK is going to struggle," said Mr Chaudhry.

Merrill Lynch is betting on banks in Eastern Europe, a "trend growth" story for the medium to long-term with plenty of staying power as credit use catches up with the West.

For those willing to dabble in Chinese equities, it suggests a switch from exporters to companies that serve local consumers as China's urban youth - Generation Y - catch the bug for western lifestyles. If in doubt, opt for the Chinese banks. They will fund the consumer revolution.

Ultimately, no country is immune to a liquidity crunch if central banks tighten too far, as they often do. "We can debate whether it's going to be a soft landing or a hard landing, but the bottom line is that we face a landing," said Mr Chaudhry.

Syd 02:24 GMT February 7, 2007 Reply   
The Reserve Bank of Australia held interest rates steady Wednesday in a move that will boost the conservative coalition government's flagging reelection hopes and sets the scene for a lengthy period of stable rates.

The RBA's decision, which has left the overnight cash rate at a 6-year high of 6.25%, suggests a growing confidence that three hikes in 2006 are proving sufficient to apply the economy's brakes.

Economists said the decision follows news in January of a 0.1% fall in inflation in the fourth quarter, the first quarterly drop in the consumer price index in 8 years.

At 3.3% year-on-year in the fourth quarter, inflation remains above the RBA's 2% to 3% target band, but economists say it is likely to return it within the comfort zone in coming quarters as fuel and food prices drop.

With a resurgent opposition Australian Labor Party taking a huge lead in recent polls, the coalition government under Prime Minister John Howard will view the rates-on-hold decision as a political lifeline. A Newspoll Wednesday showed two-party preferred support at 56% for Labor and 44% for the coalition.

An election is expected in late 2007 and the coalition is seeking a fifth consecutive term in office.

Under new leader Kevin Rudd, the ALP has emerged again as a serious electoral force with Howard telling party colleagues Monday "we begin the election year with a very big fight on our hands." RBA policy-makers met for the first time in 2007 on Tuesday to consider rates against an economic backdrop that includes falling inflation, record drought, slowing housing sector activity, and evidence of softer consumer demand.

Problems associated with a twin-speed economy are also part of the economic current framework. The China-led commodities boom has fueled strong growth in Western Australia, while major east coast economies such New South Wales are flirting with recession. Stephen Walters said the RBA statement on Monday will give the market an update on where the central thinks inflation will travel in 2007.

The RBA can be expected to lower its forecast for core inflation from 3.0% to 2.75%, he said. Core inflation strips out volatility that can otherwise skew the CPI and is critical to policy formulation at the RBA.

"This will signal two things - that the RBA is poised to remain on the policy sidelines for an extended period, but that a bias to tighten policy remains in place, although it has been weakened slightly," Walters said.

Mark Rodrigues, senior Australian economist at the ANZ Bank said the RBA appears to be happy that its rate's tonic so far has been appropriate.

"It suggests they have done enough and can afford to sit back and wait," Rodrigues said.

ANZ expects the next move in rates to be a cut in November.
The decision this week "reflects the broad tenure of recent data signaling upside risks to inflation have abated; there's easing momentum in credit growth in 2006 and a softening trend in retail sales," Rodrigues said.

Jakarta 02:24 GMT February 7, 2007 Reply   
Hi, Anyone has any insight on USD/JPY pair? Thx

Gen dk 02:02 GMT February 7, 2007 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Auckland peat 01:49 GMT February 7, 2007 Reply   
GFX - it was a 1 minute view, please take it for that.... I make no claims to offer advice. I write here mainly to clarify my thoughts.
CABA
yes I do... NZD = 0.9 is a bit lol at the moment , but nothing is impossible. Actually I am getting Maxs info again. It is quite useful.
But mainly (as you might have guessed from my posts ) I'm trying to identify standard technical patterns and incorporating his views into that. He said USD /CHF had topped and I saw the pattern to play.
Yeh its been warm and humid here... I need air con! You stay warm. And keep in touch via email too! Na zdravi.

USA BAY 01:45 GMT February 7, 2007 Reply   
sorry am short eur/chf, intend to short gbp/chf.

SINGAPORE GFX 01:43 GMT February 7, 2007 Reply   
AUCKLAND PEAT,

Thanks for the view. Will short GBP/CHF if breaks 2.4400.

USA BAY 01:40 GMT February 7, 2007 Reply   
AUCKLAND PEAT,

I am thinking of going short eur/chf or gbp/chf. Both looked vulnerable to the down side. Will observe gbp/chf. Thanks a lot for the input. Appreciate it. GT/GL

Philadelphia Caba 01:38 GMT February 7, 2007 Reply   
Auckland peat 01:17 GMT
Peat, sometimes I go back to 'refresh' Max's view for 'a new kiwi all time high'....do you remember that? gl/gt!
btw, how's summer time in kiwi land? we're getting 'auto censored' freezing days up here...brrr

Auckland peat 01:36 GMT February 7, 2007 Reply   
GFX
I think carry traders are losing greed and showing fear,

I've said I dont trade GBF/CHF but having just looked at it man there is some air under 2.4400!! sell the break ???

RIC fxq 01:31 GMT February 7, 2007 Reply   
4cast:

* 07 Feb 07: 00:18(SGA) - FX NOW! USD/JPY, EUR/JPY Flows - NKS: Concerns Over Post-G-7 Yen Surge May Prove Unfounded

Focus on G7, Nihon Keizai Shimbun article: Despite the recent brouhaha over the yen's sharp decline, and the prospect that the G7 meeting later this week may tackle the issue, the Japanese currency is likely to remain stable throughout the proceedings. The G7 meet is grabbing the attention of not only FX market participants but also BoJ officials, who are worried that the G-7 meeting could touch off yen-buying as it did in April 2006. Some well-publicized issues will also be on the table," said MoF Koji Omi, fanning speculation the yen's slide may come up for criticism. Nevertheless, few expect G-7 to issue a statement calling for a correction in the yen's valuation. The Japanese market accounts for a mere 4.5% of EU exports. In addition, Japan has not intervened in the FX markets for the past three years or so.

SINGAPORE GFX 01:23 GMT February 7, 2007 Reply   
AUCKLAND PEAT,

What do you think of the other chf crosses, eur/chf and gbp/chf, also turning up. thanks

Auckland peat 01:17 GMT February 7, 2007 Reply   
SINGAPORE GFX 21:33 GMT February 6, 2007
AUCKLAND PEAT,
Do you see usd/chf falling to 1.2345 intraday. thanks

No. The pattern played out...probably a recovery now before further drops... but 1.22 might be a medium term goal.

Kiwi reaching important levels soon. Below 6770 probably indicates further downside.

Wondering tho (using the daily candles) if its done a bullish gartley from the 66 level. Current price .68 is on the 62% retracement level from the .71 high. If this is the case it will climb quickly when it turns...
We are after all seeing a return of USD weakness.

mal semiji 00:52 GMT February 7, 2007 Reply   
t think beware for eurchf,,,,,

Syd 00:48 GMT February 7, 2007 Reply   
WSJ(2/7) German Official Prods G-7 To Weigh In On YenBERLIN -- German Finance Minister Peer Steinbruck said the Group of Seven leading industrial nations will have to discuss the declining value of the yen at their meeting this week, despite Japanese and U.S. insistence that there isn't a problem.

Europe's desire to discuss the yen sets the stage for a tense meeting of G-7 finance ministers, which Mr. Steinbruck will lead in Essen, Germany, on Friday and Saturday. In an interview with The Wall Street Journal Monday, he also asserted that hedge-fund oversight should be part of G-7 discussions, despite U.S. and British reservations.
In Europe, there is widespread suspicion that Japan is using interest rates to keep its currency weak and to make its exports relatively less expensive. Both Japan and the U.S. have said the yen's development reflects the state of the Japanese economy. "That's why this club was founded. . . . We have to talk about it," Mr. Steinbruck said when asked about the yen. The G-7 includes the U.S., Japan, Germany, the United Kingdom, France, Italy and Canada.

European officials have expressed concern that the Bank of Japan's surprise decision last month to keep its interest rate at 0.25%, among the lowest in the developed world, was partly motivated by a desire to keep the yen weak relative to other currencies. Luxembourg Prime Minister Jean-Claude Juncker, who presides over meetings of finance ministers from euro-zone countries, said at the time that he detected "political influence" in the decision.

Christian de Boissieu, chairman of the French prime minister's Council of Economic Analysis, said in a separate interview that "I think the Japanese are playing a game, which is the game of the undervaluation of the yen. . . . This is good for growth and for the price competitiveness of Japanese exports."

mal semiji 00:44 GMT February 7, 2007 Reply   
and do u know range for usd cad

mal semiji 00:41 GMT February 7, 2007 Reply   
where is the best platform for trading

mal semiji 00:37 GMT February 7, 2007 Reply   
ok, do u know about range for eur usd ....

USA BAY 00:35 GMT February 7, 2007 Reply   
PHILADELPHIA CABA,

I shorted it at 1.6100 and was thinking of holding it till 1.6000 but was not sure of my analysis. Thanks for the view as it is very helpful. gt/gl

Philadelphia Caba 00:32 GMT February 7, 2007 Reply   
USA BAY 00:24 GMT
I wouldn't be surprised to see the test of 1.5985-90 before G7 w/e, imho...

mal semiji 00:28 GMT February 7, 2007 Reply   
ok tq, and do u have another site for research range , or if u need i call u just give me ur ctc number i will call u ,, im so appreciate for that

USA BAY 00:24 GMT February 7, 2007 Reply   
PHILADELPHIA CABA,

LOL. OK, Do you see eur/chf going to 1.6004 by this week, thanks

Philadelphia Caba 00:22 GMT February 7, 2007 Reply   
mal semiji 00:19 GMT
buy a magic ball ...

USA BAY 00:21 GMT February 7, 2007 Reply   
MAL SEMIJI,

You can always visit Dr Q's site, qindex.com

mal semiji 00:19 GMT February 7, 2007 Reply   
i want to know where i can get range for usd cad and eur usd,,tq

USA BAY 00:06 GMT February 7, 2007 Reply   
MAL SEMIJI,

What help?

mal semiji 00:05 GMT February 7, 2007 Reply   
hello i need some help from anybody