Forex Forum Archive for 02/08/2007

Syd 23:50 GMT February 8, 2007 Reply   
Japan Omi:Expect G7 To Discuss Econ Issues Broadly

Syd 23:21 GMT February 8, 2007 Reply   
Slight tick up in risk of RBA March rate hike which prompted by fall in Australia's jobless rate to 30-year low is shortlived: Market now pricing in 1% chance of 25bp hike, down from 3% after yesterday's jobs data; medium-term forecasts calculated by Credit Suisse implied monetary policy index suggest only 7 bps of tightening next 12 months which points to market expectations RBA on hold at 6.25% for time being.

Charlotte TH 23:01 GMT February 8, 2007 Reply   
1.3042 looks like a good high for the move since 1.2912 low.max seen to 1.3052.a close tomm below 1.2980 may well put an end to all further upside.

uk Djj 22:55 GMT February 8, 2007 Reply   
hi any thoughts on usd/cad tia

NY PT 22:49 GMT February 8, 2007 Reply   
I mean sl 158.50 : )

NY PT 22:48 GMT February 8, 2007 Reply   
Thanks pd cumino & NY Bank PT.....I shorted EUR/JPY around 157.90 sl 156.50 TP open... let's see what happens....any other serious thoughts most welcome...

Charlotte TH 22:16 GMT February 8, 2007 Reply   
it won't be surprising if the final message out of G7 is that the usdjpy and carry trade is the last thing on their collective mind.

Syd 22:06 GMT February 8, 2007 Reply   
NZD/USD likely to remain heavy as market jittery after Finance Minister Cullen's mortgage levy comments, says ABN AMRO currency strategist Greg Gibbs; adds comment "is a negative for the currency and may continue to reverberate though the market for a while." Adds while levy may not see light of day, market nervous. Cullen told Radio NZ that RBNZ's proposal to impose levy on home mortgages to cool housing inflation without having to keep raising interest rates may be worth pursuing further. Pair, which fell nearly 50 points after comments, last 0.6838.

AHWAZ 22:01 GMT February 8, 2007 Reply   
what is your veiw on gold, please. tank you?

Hong Kong Qindex 21:42 GMT February 8, 2007 Reply   
SINGpore gfx 17:11 GMT February 8, 2007
HONG KONG QINDEX,

Can you please comment on gbp/jpy please and a short of eur/gbp at this point is good or eur/usd is going up from here and hence so wil eur/gbp. thanks a lot

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

The odds are good as long as it is trading below 0.6666.

warsaw TOMi 21:14 GMT February 8, 2007 Reply   
New York Bank Prop Trader 21:03 GMT February 8, 2007

are you holding long eur for 1.3063, I was on target 3064.. but quit now.

SINGAPORE GFX 21:13 GMT February 8, 2007 Reply   
NY BANK PROP TRADER,

What is your view on gbp/jpy please. thank you

St. Annaland Bob 21:10 GMT February 8, 2007 Reply   
Sydney ge11ja 21:08 GMT February 8, 2007

making money can break

Sydney ge11ja 21:08 GMT February 8, 2007 Reply   
New York Bank Prop Trader 21:03 GMT February 8, 2007

you dont go broke making money

New York Bank Prop Trader 21:03 GMT February 8, 2007 Reply   
Target on EUR short after selling at 1.3063 .... = 1.3012... nothing particularly sexy.. but its a living.

St. Annaland Bob 21:00 GMT February 8, 2007 Reply   
St. Annaland Bob 08:14 GMT February 8, 2007
happy day!

selling USDCAD 1.1860/65/70/75/80/85 with s/l above 1.1900 seems to be good enough for 1.1750 at least.

happy trades


*** it's a free trade now ;) ... bit difficult for me to post accurate and real time follow up, sorry for that ... LOL ... happy trades

SINGAPORE GFX 20:59 GMT February 8, 2007 Reply   
NY BANK PROP TRADER,

So you are saying euro is a short at 1.3063, if it is whats the target.

ty

New York Bank Prop Trader 20:54 GMT February 8, 2007 Reply   
There have been some very smart sellers today in EUR/JPY. Having said that, EUR remains well bid and while I like USD/JPY to trade lower in Europe, it should remain firm in Asia. On that basis, I think we can see EUR/JPY bid into the Tokyo fix .... I do think the topside is limited and expect it to remain in a 157.50-158.10 range. Initially a dip to low 70-75, then a subsequent rally back to 158.00. EUR is a sale at 1.3063 .... take that to the bank!

pd cumino 20:52 GMT February 8, 2007 Reply   
NY PT 20:05 GMT February 8, 2007
If you are interested in the next hours I don't know.
If you are interested on possible risks next week, more than G7 i suspect it will be Treasury refunding, where the coupon payments are the heaviest in 7 years. If all reinvested not problems. But February is the most delicate regard to Japan, considering next fiscal year end there.

In political terms it would be also an excellent excuse.
Good luck.

NY PT 20:05 GMT February 8, 2007 Reply   
Anyone has any opinion on EUR/JPY?
TIA,

USA BAY 20:03 GMT February 8, 2007 Reply   
CANNES OILMAN,

If kiwi comes down , whats the target. THANKS

LKWD JJ 19:46 GMT February 8, 2007 Reply   
gvi jay your killin us ----->

Cannes Oil man 19:28 GMT February 8, 2007 Reply   
Also NZD coming down cause NZ is "considering a mortgage levy" to cool down housing market.

Cannes Oil man 19:26 GMT February 8, 2007 Reply   
It's Yen firming up.

dc CB 19:24 GMT February 8, 2007 Reply   
looking like crude will close in the upper 59 range. will that plus a positive Unemployment report before the US open tomorrow rally the Canadian Dollar?

Toronto YV 19:22 GMT February 8, 2007 Reply   
Are there any news for kiwi ti start this move?

BEIRUT MK 19:18 GMT February 8, 2007 Reply   
close long cadjpy from 101.90 at 102.30

Toronto YV 19:12 GMT February 8, 2007 Reply   
Thanks DS.

tel aviv rn 19:11 GMT February 8, 2007 Reply   
i hope not

Makassar Alimin 19:09 GMT February 8, 2007 Reply   
tel aviv rn 19:05 GMT February 8, 2007

expect the unexpected, only 30 pips away...

GENEVA DS 19:07 GMT February 8, 2007 Reply   
Toronto YV

KIWI... only personal interpretation... and my analysis... Kiwi should go down dramatically... it is tough very expensive to short that bugger... buy risk /reward for next 3 month.... 70 top and 55 target.... any more?

tel aviv rn 19:05 GMT February 8, 2007 Reply   
nyc - ok. i have a stop 1.3065 but i dont think it will go there

Toronto YV 19:00 GMT February 8, 2007 Reply   
What is with kiwi?

NYC Al 19:00 GMT February 8, 2007 Reply   
...balls...

tel aviv rn 18:59 GMT February 8, 2007 Reply   
nyc mine???

GENEVA DS 18:58 GMT February 8, 2007 Reply   
eurgbp on the way to 6800 then 7300 then 80.. probably , the party is over .... good trades

warsaw TOMi 18:55 GMT February 8, 2007 Reply   
shorted eurgbp 6655 stop 6675

NYC Al 18:55 GMT February 8, 2007 Reply   
tel aviv..."mine" are not that big, I am short @ 3025 I will be out by 3017, I am way too scared of this market before G7

tel aviv rn 18:55 GMT February 8, 2007 Reply   
long on usd/chf until 1.2500

tel aviv rn 18:53 GMT February 8, 2007 Reply   
i am in a short on eur/usd untill it will be below 1.3000

NYC Al 18:51 GMT February 8, 2007 Reply   
tel aviv me too, but I see it as strictly a tech play (inhale) for the days run ??? You?

to dr unken katt 18:49 GMT February 8, 2007 Reply   
im short and in profit
wanna risk this trade to see if it goes lower
dayly and the 1hr studies so far support short side

tel aviv rn 18:49 GMT February 8, 2007 Reply   
i think the eur/usd will drop down below 1.3000

warsaw TOMi 18:49 GMT February 8, 2007 Reply   
Al, took profit from 2890. tx

warsaw TOMi 18:47 GMT February 8, 2007 Reply   
katt, but I am long cable at mom 47 and 71..tia

NYC Al 18:47 GMT February 8, 2007 Reply   
square €/$ 1.3032

NYC Al 18:47 GMT February 8, 2007 Reply   
warsaw ...what's that number?????

to dr unken katt 18:43 GMT February 8, 2007 Reply   
cable is breaching the TL
and has chance to succed ,
cableyena TP seems to be 23650 , where it will make the inverted H&S formation
yo!
any opinions?

warsaw TOMi 18:40 GMT February 8, 2007 Reply   
swissy square 1.2471

don'tknow what todo with cable.. better square as well..?

warsaw TOMi 18:37 GMT February 8, 2007 Reply   
you are right guys it's over

square €/$ 1.3032

Ric 18:33 GMT February 8, 2007 Reply   
You know as I am writing I realize, .."what am I stupid or what.." your right, that is why we need the forum, just to keep us "on-track"

RIC fxq 18:30 GMT February 8, 2007 Reply   
NYC AL 18:26 GMT

after a 60+ pip rally you are asking about a five pip pullback????

NYC AL 18:26 GMT February 8, 2007 Reply   
sorry RIC, eur/usd ?

RIC fxq 18:26 GMT February 8, 2007 Reply   
NYC Al 18:21 GMT

5 pip dip in what?

Makassar Alimin 18:24 GMT February 8, 2007 Reply   
i think euro will be defended to stay above 1.30 line before G7 weekend

NYC Al 18:21 GMT February 8, 2007 Reply   
Hey All, other than lunch time any readon for this quick 5 pip dip ????

NYC jr 17:59 GMT February 8, 2007 Reply   
saw some eurjpy model fund unwinds today actually

RIC fxq 17:55 GMT February 8, 2007 Reply   
actually I'm led to believe USD shorts are obligatory these days.

GENEVA DS 17:49 GMT February 8, 2007 Reply   
NEW YORK... bank prop trader

Could be incrediblidy good risk reward stgjpy.... short here 23720... sl 23770 . target 23250----

New York Bank Prop Trader 17:47 GMT February 8, 2007 Reply   
Are you all short usdjpy here?

GENEVA DS 17:45 GMT February 8, 2007 Reply   
Crosses on the verge of big turnaround?... probably not a good topic to speak about... but medium term players may have noticed the increasing volatility in short term dealings in EURCHF .... EURJPY .... GBPUSD.... etc.... (daily 100 pips or more!!!) is normally a warning sign... The market forces are now 2 sided and strenght is ALWAYS followed immediately by weakness and profit taking... we are ante and post G7 set up for INCEDIBLE MOVES..... probably the ranges will break down in those 3 mentioned pairs... market is squeezed , shorts are out... the whole planet thinks money for nothing is only starting.... my opinion... cable... 1.85000 sooninsh.. eurchf 15700 soonish and eurjpy 13500 soonish... ANYBODY?

jkt-aye 17:32 GMT February 8, 2007 Reply   
Revdax ... thanks for your insight.

manchester 17:18 GMT February 8, 2007 Reply   
gold pushing up at last!!

Hong Kong Ahe 17:13 GMT February 8, 2007 Reply   
US Treasury Secretary Paulson has said moves in the CNY are insufficient. Market will translate into a stronger Yen. Yenophobies watch out the revert of sentiment. GL and GT.

SINGpore gfx 17:11 GMT February 8, 2007 Reply   
HONG KONG QINDEX,

Can you please comment on gbp/jpy please and a short of eur/gbp at this point is good or eur/usd is going up from here and hence so wil eur/gbp. thanks a lot

HK REVDAX 16:35 GMT February 8, 2007 Reply   
jkt-aye 16:15//i think it is going to make a higher Hi tomorrow before coming down. Thus whatever the hi of today will be, it will be taken out tomorrow...imo

LKWD JJ 16:23 GMT February 8, 2007 Reply   
is that it for $Y beforte g7 or is buy on dips still working?

jkt-aye 16:15 GMT February 8, 2007 Reply   
Napoli DC ... thank you

Revdax ... 1.3062 (from my calculation). if it can break there we cud see 1.3093. fyi i'm flat now.

St. Annaland Bob 16:04 GMT February 8, 2007 Reply   
TOMi, GBP is busy with setting the bottom for the current round and the process before the shoot up may take 24-48 trading hours ... imo, the safest way is to treat 1.9520/1.9430 as critical for the buy on dips strategy ... enough for today ... happy trades

warsaw TOMi 16:04 GMT February 8, 2007 Reply   
cable dropped because of a snowfall?

St. Annaland Bob 15:50 GMT February 8, 2007 Reply   
warsaw TOMi 15:41 GMT February 8, 2007

busy with making the trade a free one (actually it's already free one for me), strategy as mentioned in the post ... happy trades!

warsaw TOMi 15:46 GMT February 8, 2007 Reply   
a yes, arnd 9800 ok,still holding €/$for 3066 to print and short usdchf 2505 for 2390.

glgt

warsaw TOMi 15:41 GMT February 8, 2007 Reply   
St. Annaland Bob 15:39 GMT February 8, 2007

took longs at 9571 and 9547.. what target u see,if any.. tia

Hong Kong Qindex 15:40 GMT February 8, 2007 Reply   
EUR/CHF : The market is heading towards 1.6260* // 1.6273. A projected supporting point is positioning at [1.6211].

St. Annaland Bob 15:39 GMT February 8, 2007 Reply   
St. Annaland Bob 13:59 GMT February 8, 2007

buying GBPUSD 1.9575/70/65/60/55/50/45 with stop below 1.9520 for something around 1.9800 ... happy trades


*** from here, let it go ;) ... happy trades

HK REVDAX 15:39 GMT February 8, 2007 Reply   
jkt-aye //Where would you place the stop on short euro/$? tks

Napoli DC 15:31 GMT February 8, 2007 Reply   
jkt-aye 15:25
a prayer for your people

jkt-aye 15:25 GMT February 8, 2007 Reply   
14:55

Revdax ... i did it too, spiritual and HSI with good result recently. but as flooding surround my city this week i stop trade HSI for a while to take time helping the flood victims. gl

NYC AI ... my magnetic price pure technical, base on my chart reading. glgt

Dallas GEP 15:24 GMT February 8, 2007 Reply   
Shorted eur/gbp here...target 6620-6625 area

HK Kevin 15:23 GMT February 8, 2007 Reply   
Hong Kong Qindex 15:17 GMT, many thanks

Hong Kong Qindex 15:17 GMT February 8, 2007 Reply   
HK Kevin 15:11 GMT : EUR/JPY : The market is going to consolidate between 156.82* - 159.00*. The mid-point reference of 156.82 and 159.00* is [157.91].

Napoli DC 15:15 GMT February 8, 2007 Reply   
mal semijio 15:13
1875-1838

mal semijio 15:13 GMT February 8, 2007 Reply   
anyone can tell me range for usdcad ,

HK Kevin 15:11 GMT February 8, 2007 Reply   
HK REVDAX 14:55 GMT, fanastic move of HK stocks today.
Qindex, your bias on EUR/JPY, please. Short earlier at 157.92 with resistance at 158.10. Also short EUR/CHF at 1.6252

Hong Kong Qindex 15:11 GMT February 8, 2007 Reply   
USD/CAD : The market is heading towards 1.1894*. A projected supporting barrier is positioning at 1.1828* // 1.1853.

Gen dk 15:03 GMT February 8, 2007 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

PAR 14:55 GMT February 8, 2007 Reply   
Implicitely Trichet agrees that economic fundamentals in Japan are weak and that japanese capital outflows likely will continue .

HK REVDAX 14:55 GMT February 8, 2007 Reply   
jkt-aye 14:51 GMT//i went to trade HK stocks in addition to other spiritualistic activities. it is easier to make money in stocks while they are hot.

NYC Al 14:55 GMT February 8, 2007 Reply   
jkt-aye...why, technicals or stronger usd ..."for the moment"
hanks

jkt-aye 14:53 GMT February 8, 2007 Reply   
my magnetic price level on eurusd (1.2950) not touching yet.

jkt-aye 14:51 GMT February 8, 2007 Reply   
hello Revdax, what a coincident we feel the same thing :) long time no see your special menu. gt

HK REVDAX 14:51 GMT February 8, 2007 Reply   
Hong Kong Qindex 14:47 //Would you recommend shorting Euro/$ here with a stop at today's Hi? What is a 'safe' stop for shorting? TIA

Hong Kong Qindex 14:47 GMT February 8, 2007 Reply   
HK REVDAX 14:43 GMT - When EUR/USD can go lower, USD/CHF will go higher. A big movement is coming up.

jkt-aye 14:47 GMT February 8, 2007 Reply   
what is the reason behind this eur movement today ? tia

HK REVDAX 14:43 GMT February 8, 2007 Reply   
Hong Kong Qindex 14:37//If Euro/$ were to go lower, would $/CHF go higher? Today's development is a bit odd.

jkt-aye 14:39 GMT February 8, 2007 Reply   
CT Cris 12:19 ... i think all members here have respect to each other opinion, maybe just the style is different. btw where is CT ?

Hong Kong Qindex 14:37 GMT February 8, 2007 Reply   
NYC Al 14:33 GMT - EUR/USD : I am bias on the downside for the rest of this week.

Hong Kong Qindex 14:36 GMT February 8, 2007 Reply   
NYC Al 14:33 GMT - I am bias on the downside for the rest of this week.

PAR 14:35 GMT February 8, 2007 Reply   
Trichet very clear on EURJPY . In Singapore at 148.00 he was concerned about EURJPY. In Essen at 158.00 he is still concerned about EURJPY . And at the next G7 meeting a 168.00 he will still be concerned about EURJPY. Some people start to understand finance ministers which want more grip on ECB .

NYC Al 14:33 GMT February 8, 2007 Reply   
Qindex...what do you think for the rest of the day on eur/usd
I am leaning to short @ 1.3002

Hong Kong Qindex 14:30 GMT February 8, 2007 Reply   
san miniato ab 14:25 GMT - EUR/GBP : The market can easily reverse its direction at any moment.

san miniato ab 14:25 GMT February 8, 2007 Reply   
Hong Kong Qindex 14:04 GMT February 8, 2007
Hi Qindex, so basically u think that 0,6650/60 will cap eur spike and then we go again below 0,6600 rite? i m still short at 0,6605 (sl at 0,6670 raised and still tp at 0,6505) tia for ur reply

Pittsburgh wjs 14:16 GMT February 8, 2007 Reply   
Thank you Qindex, I look forward to your commentaries and appreciate your sharing of them here.

GL GT

Plovidv Gotin 14:14 GMT February 8, 2007 Reply   
mal semiji 14:04 GMT February 8, 2007
1.3092

UK Alex 14:14 GMT February 8, 2007 Reply   
AZUSA 4X-ed 14:01 GMT February 8, 2007
:-))

Napoli DC 14:12 GMT February 8, 2007 Reply   
took profit @ 1.302

Hong Kong Qindex 14:09 GMT February 8, 2007 Reply   
EUR/USD : The upside targeting points were determined this morning, Hong Kong time.

Hong Kong Qindex 14:08 GMT February 8, 2007 Reply   
EUR/USD : The upside targeting points are 1.3023 and 1.3047.

mal semiji 14:04 GMT February 8, 2007 Reply   
can tell me the high range for eurusd .. thanks

Hong Kong Qindex 14:04 GMT February 8, 2007 Reply   
Pittsburgh wjs 13:56 GMT - EUR/USD : It will move lower when EUR/GBP is reversing its direction.

AZUSA 4X-ed 14:01 GMT February 8, 2007 Reply   
UK Alex 13:31 GMT February 8, 2007 /// The type of number that would make you call a double bottom instead of a double top!!!

St. Annaland Bob 13:59 GMT February 8, 2007 Reply   

buying GBPUSD 1.9575/70/65/60/55/50/45 with stop below 1.9520 for something around 1.9800 ... happy trades

Pittsburgh wjs 13:56 GMT February 8, 2007 Reply   
Qindex may I kindly ask your view on the euro at this juncture when you get a moment?

TY GT

Hong Kong Qindex 13:46 GMT February 8, 2007 Reply   
UK Alex 13:31 GMT - Yes, 0.6666 is an interesting number printed by my system.

Hong Kong Qindex 13:44 GMT February 8, 2007 Reply   
USD/CHF : Buy on dips is still the preferred trading strategy.

UK Alex 13:31 GMT February 8, 2007 Reply   
Thanks Dr. Q, that 0.6666 is an interesting psychological level with it being 1.5000 GBP/Euro.

Hong Kong Qindex 13:29 GMT February 8, 2007 Reply   
EUR/GBP : A barrier is located at 0.6637* // 0.6648. The market is heading towards 0.6666*.

Hong Kong Qindex 13:24 GMT February 8, 2007 Reply   
GBP/USD : the market is going to tackle the barrier at 1.9513 // 1.9538*.

Charlotte TH 13:12 GMT February 8, 2007 Reply   
Booked profits on gbpusd 9590 and usdjpy 121.35

UK Alex 13:08 GMT February 8, 2007 Reply   
Watch Euro/GBP, expecting good resistance at and just above these levels.

CT Cris 12:57 GMT February 8, 2007 Reply   
Charlotte TH 12:55 GMT February 8, 2007
CT Cris are you buying gbpusd or eurusd?
=====
19605 is for gbp.usd. i think.

Charlotte TH 12:55 GMT February 8, 2007 Reply   
CT Cris are you buying gbpusd or eurusd?

CT Cris 12:54 GMT February 8, 2007 Reply   
Charlotte TH 12:39 GMT February 8, 2007
CT Cris 12:21 GMT February 8, 2007
=====
I did buy b4 ECB data at 19605.
market await trichet speech.
i will buy another if decline.

Charlotte TH 12:39 GMT February 8, 2007 Reply   
CT Cris 12:21 GMT February 8, 2007
I will exit here.
and ready to buy b4 and buy another if decline after data

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

Are you talking about the ECB rate decision? Which data are you refering to?

Charlotte TH 12:39 GMT February 8, 2007 Reply   
Charlotte TH 19:35 GMT February 7, 2007
gbpusd to 9630 and usdjpy to 121.10

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

Moving stops to protect targetted profits. Will ride it from here.

CT Cris 12:36 GMT February 8, 2007 Reply   
Karachi GBP/USD 12:33 GMT February 8, 2007
===
my last call tells you.

Karachi GBP/USD 12:33 GMT February 8, 2007 Reply   
Dear CT Cris......

wat would u suggest for Data it wil be in favour to US$ or will be in favour of Sterrling..

PLease Reply

CT Cris 12:32 GMT February 8, 2007 Reply   
UK Alex 12:27 GMT February 8, 2007
Cannes Oil man 12:22 GMT February 8, 2007
His bias was clearly on the sell side.

====
he knows very well that the new post(Buy) is for the coming data.but he tried to confuse traders.

CT Cris 12:29 GMT February 8, 2007 Reply   
CT Cris 12:21 GMT February 8, 2007
I will exit here.
and ready to buy b4 and buy another if decline after data
======
I exited around 19610.
and now ready to buy b4 the coming data ,and buy another if
decline after data.
rise will be continoues.

UK Alex 12:27 GMT February 8, 2007 Reply   
Cannes Oil man 12:22 GMT February 8, 2007
His bias was clearly on the sell side.

UK Alex 12:26 GMT February 8, 2007 Reply   
Karachi GBP/USD 12:21 GMT February 8, 2007
You should have sold earlier and taken profit, best to remain on the sidelines for now. Looking at the crosses, GBP/JPY has regained 238.00 and will probably offer support for a while.

Cannes Oil man 12:22 GMT February 8, 2007 Reply   
Well he actually posted both directions.

CT Cris 12:21 GMT February 8, 2007 Reply   
I will exit here.
and ready to buy b4 and buy another if decline after data.

Karachi GBP/USD 12:21 GMT February 8, 2007 Reply   
UK....... can u guide me for gbp/usd wat should have to do? either buy or sell reply me plz

AZUSA 4X-ed 12:20 GMT February 8, 2007 Reply   
a short lived euro/sterling relief?

CT Cris 12:19 GMT February 8, 2007 Reply   
UK Alex 12:10 GMT February 8, 2007
CT Cris 11:34 GMT February 8, 2007
I concede you were right on this occassion
=======
unbleivable to find someone in this forum to concede that.

UK Alex 12:13 GMT February 8, 2007 Reply   
British Gas cuts domestic prices

UK Alex 12:10 GMT February 8, 2007 Reply   
CT Cris 11:34 GMT February 8, 2007
I concede you were right on this occassion.

san miniato ab 12:07 GMT February 8, 2007 Reply   
madrid mm 12:03 GMT February 8, 2007
No statement from BOE mm

madrid mm 12:03 GMT February 8, 2007 Reply   
i am not sure i read right, what did the BoE did ? lol

san miniato ab 12:00 GMT February 8, 2007 Reply   
entry obviously was 0,6605 and not 0,6705 as i post at first, sorry

UK Alex 12:00 GMT February 8, 2007 Reply   
Only 25% chance factored in anyway, 8% for ECB.

san miniato ab 12:00 GMT February 8, 2007 Reply   
stopped at entry and shorted again a 0,6610 (sl 0,6655 tp 0,6505)

Bahrain BAH1 11:59 GMT February 8, 2007 Reply   
The Bank of England has kept rates on hold at 5.25%, as was largely expected.

san miniato ab 11:59 GMT February 8, 2007 Reply   
unchaged boe

UK Alex 11:58 GMT February 8, 2007 Reply   
BOE UNCHANGED

Philadelphia Caba 11:58 GMT February 8, 2007 Reply   
BOE unch

san miniato ab 11:53 GMT February 8, 2007 Reply   
shorted eur gbp at 0,6705 this morning, sl at entry now and tp 0,6505 (just in case of UK' hike and dovish Trichet later)

CT Cris 11:53 GMT February 8, 2007 Reply   
UK Alex
just few mins b4 data.

UK Alex 11:44 GMT February 8, 2007 Reply   
CT Cris 11:34 GMT February 8, 2007
What timescale are you looking at for those big sell orders to enter the market?

CT Cris 11:44 GMT February 8, 2007 Reply   
London phil

reverse strength will pull it down again.

london phil 11:37 GMT February 8, 2007 Reply   
and if they raise rates chris do we keep sellling 200 pips up

CT Cris 11:34 GMT February 8, 2007 Reply   
gbp.usd
======

Sell b4 data and sell another if rise after data.

madrid mm 11:33 GMT February 8, 2007 Reply   
I wonder how many London traders made it to the office today ....?

London Rail and Air Travel Disrupted by Snow Fall (Update1)

By Tracy Alloway and Brian Lysaght

Feb. 8 (Bloomberg) -- London's commuters struggled to work today as the heaviest snowfall of the winter closed airports and shut down rail lines in the U.K. capital. Many schools also were closed.

Napoli DC 11:33 GMT February 8, 2007 Reply   
Auckland trotter 10:37
don't worry my friend
i stick to my view and my post was referred just to follow an eventual pullback
on hourly basis €/$ is approaching oversold levels and stalling upon key intraday support, so i'm trying small long
GLGT

Bahrain BAH1 11:33 GMT February 8, 2007 Reply   
Iran says will hit US interests worldwide if attacked, says AFP, citing Iran's supreme leader Khamenei. (Bloomberg)

london av 11:20 GMT February 8, 2007 Reply   
has USD/CAD any further to go or is this the time to short

Syd 11:02 GMT February 8, 2007 Reply   
£84m for a London LINK

AZUSA 4X-ed 11:00 GMT February 8, 2007 Reply   
london phil 10:41 GMT February 8, 2007 /// wrong forum! We don't use charts in here. FF or Funny Fundamentals is all that's needed! Besides, CT Cris told us we will have an ECB rate hike!

Syd 10:58 GMT February 8, 2007 Reply   
Sydney ACC 10:54 GMT, watching all the data and property market, in normal times they wouldnt have hesitated just seems they are in fear due to the high debt due to property prices and people fearing they will miss out and at some point they are going to have to bite the bullet , and we know what will happen then dont we .

Syd 10:55 GMT February 8, 2007 Reply   
Sydney ACC 10:40 just listening to CNBC says the HSBC loans it took over are the issue not the US economy , they are trying to cover themselves with the statement they have put out.

Sydney ACC 10:54 GMT February 8, 2007 Reply   
Syd 10:47 GMT February 8, 2007
Don't say that. If they do then GBP/USD will go through 2.00 today.

Syd 10:47 GMT February 8, 2007 Reply   
Sydney ACC 10:40 GMT It looks like the BOE is now using scare tactics to bring the high spending public in line, looks like they may have to raise their stake and start using 50pts as they did in the past

PAR 10:42 GMT February 8, 2007 Reply   
No wonder Paulson is big fan of low japanese interest rates, a weak yen,carry trades and hedge funds . Even a bancrupt hedge fund like Amaranth created $ billions of revenues for the big american brokers. Imagine what revenue profitable carry trades create. And if things go wrong like with LTCM there is always the FED and the american tax payer to pay the margin call so that the hedge funds and the US banks can trade profitable out of their positions. This is probably the reason why nobody is sharing Steinbrucks concerns about idistorted forex and interest rates .

london phil 10:41 GMT February 8, 2007 Reply   
the daily chart on euro doesnt look at all healthy, and is the euro economy that healthy i think not, still very high unemployment so rate hikes going forward will be thin on the ground couple that with a firming usa picture (no rate cuts)and we have a good euro drop

Sydney ACC 10:40 GMT February 8, 2007 Reply   
Syd 10:33 GMT February 8, 2007
Egypt Yahya 10:31 GMT February 8, 2007
Over the last couple of years central banks have tried hard to inform the markets in a timely fashion i.e. not surprise them with unanticipated moves.
Last month's increase defied that trend. In hindsight that was justified on the basis of the inflation rate.
The market is now very nervous as evidenced by the postings on this forum.
While I lean towards no increase today the committee may decide to go and have it done with in the hope of reintroducing certainty in later months.

Egypt Yahya 10:37 GMT February 8, 2007 Reply   
everywhere , everymarket , i am thinking of a coffee shop ... at least i would read the daily fundmentals and world news and smoke shisha... lol

Auckland trotter 10:37 GMT February 8, 2007 Reply   
Napoli DC 09:49 GMT February 8, 2007
I see the EUR/USD as bide your time at the moment with taking pips within the range (ref previous posts).

I only post for comments and criticism to learn, which is why I give some of my analysis, as I see this as a sharing / learning forum.

Glgt

Syd 10:33 GMT February 8, 2007 Reply   
Egypt Yahya 10:31 GMT February 8, 2007 have to agree with your last remark it is
( Trading : A Silly Game )
especially at the moment :-)))

Egypt Yahya 10:32 GMT February 8, 2007 Reply   
Sorry for the repeting ,, my mouse is new an am not used to it

Egypt Yahya 10:31 GMT February 8, 2007 Reply   
Syd 10:26 GMT February 8, 2007

all we can do is to wait and see ,, and everybody should trade his bias ...
when we had the US GDP printed 3.5 i was long dollars short gold and i lost ,, fundmentals do matter and sometimes they dont .. dont tell me that PMI was contracting and that was a reason for gold to sink ,,, it was my mistake becuz i traded counter to my own indicators ! ( Trading : A Silly Game )

Egypt Yahya 10:31 GMT February 8, 2007 Reply   
Syd 10:26 GMT February 8, 2007

all we can do is to wait and see ,, and everybody should trade his bias ...
when we had the US GDP printed 3.5 i was long dollars short gold and i lost ,, fundmentals do matter and sometimes they dont .. dont tell me that PMI was contracting and that was a reason for gold to sink ,,, it was my mistake becuz i traded counter to my own indicators ! ( Trading : A Silly Game )

Sydney ACC 10:29 GMT February 8, 2007 Reply   
HSBC issues bad debt warning
Syd, following from your post earlier today regarding the bad debts among non-conforming loans in Australia. HSBC has issued a profit warning in London this morning notifying the market of losses in the US on sub-prime mortgages. They have added a further USD 1.7 billion to their provisioning because of US mortgagees' defaults.

http://www.telegraph.co.uk/money/main.jhtml;jsessionid=TUTUHGLWYBPGXQFIQMGCFF4AVCBQUIV0?xml=/money/2007/02/08/cnhsbc08.xml

Egypt Yahya 10:26 GMT February 8, 2007 Reply   
BOE last vote was 5 VS 4 .. lets assume one of the 5 hawks reconsider his opinion ,,, no hikes expected in my opinion ,, though its just an opinion.

Syd 10:26 GMT February 8, 2007 Reply   
Egypt Yahya 10:23 GMT seriously think its only a matter of time if not this time then the next .

Egypt Yahya 10:23 GMT February 8, 2007 Reply   
Syd 10:18 GMT February 8, 2007

BOE explained that the last hike was for fighting the inflationary pressure under 3 percent and that was for the data released after.... no hikes expected in my opinion. unless they got jealous from the ECB. lol

Hong Kong Qindex 10:22 GMT February 8, 2007 Reply   
AUD/USD : The market is retreating from the barrier of 0.7816* // 0.7835. It is heading towards 0.7767* - 0.7775* range.

Hong Kong Qindex 10:20 GMT February 8, 2007 Reply   
AUD/USD : The market is retreating from the barrier of 0.7816* // 0.7835. It is heading towqards 0.7767*.

Egypt Yahya 10:19 GMT February 8, 2007 Reply   
EUR/USD touching the std parabolic , if it bounces here and the possiblity is big my moving averages are pointing up ,,, we can see a completion of the upside formation______(4HR CHART)

Daily ..we are correcting to the downside.
but i would trade the long.

Syd 10:18 GMT February 8, 2007 Reply   
Remember inflation? It’s back. Time for actionAnatole Kaletsky
At noon today the Bank of England’s Monetary Policy Committee will decide whether to raise interest rates for the second month in succession, or whether to wait for another month or two. I have no idea which way the MPC will vote and, in the great scheme of things, it is hard to get very excited about a change of just a quarter of a point. Over time, however, repeated quarter-point moves can add up to quite big economic changes
http://www.timesonline.co.uk/tol/comment/columnists/anatole_kaletsky/article1350504.ece

Egypt Yahya 10:14 GMT February 8, 2007 Reply   
A kid on a qoute board again ...lol

Egypt Yahya 10:14 GMT February 8, 2007 Reply   
A kid on a qoute board again ...lol

Haifa ac 10:13 GMT February 8, 2007 Reply   
Toronto MRC 10:06 GMT
Midas or middle finger?//
Sean Connery's

Syd 10:11 GMT February 8, 2007 Reply   
Mining chiefs take bow and quit while they are winning
The chief executives of the world’s three largest mining companies have decided to bow out this year, prompting speculation that they are quitting before the commodities bubble bursts.
http://business.timesonline.co.uk/tol/business/industry_sectors/natural_resources/article1350434.ece

Toronto MRC 10:06 GMT February 8, 2007 Reply   
Haifa ac 09:56 GMT February 8, 2007

Midas or middle finger?

Tend to agree that gold looks to want to break higher. Weak dollar or higher oil would help.

What time for boe anouncement?

Haifa ac 09:56 GMT February 8, 2007 Reply   
Toronto MRC 09:30 GMT February 8, 2007
Anyone have thoughts on gold?//
For some reason, every time I think of Gold-- I have the association of a finger.

manchester 09:54 GMT February 8, 2007 Reply   
MRC, gold looking to break upwards though keeps stalling around 655. will sustain a run once oil can hold above 60 dollars.

St. Annaland Bob 09:51 GMT February 8, 2007 Reply   
worth to long EURUSD here (1.2985) with stop below 1.2955 and target of 1.3045 (at least) ... happy trades

Plovidv Gotin 09:50 GMT February 8, 2007 Reply   
Cable: If 1.9660/55 hold cud see1.9750/75...1.9810. If not-->1.9620/11...1.9590. GT&GL.

Napoli DC 09:49 GMT February 8, 2007 Reply   
Auckland trotter 09:40
i share the same view
entered a small long with stop below 1,2970

sydney mgv 09:40 GMT February 8, 2007 Reply   
Toronto MRC 09:30 GMT February 8, 2007
yes...it will make great doorstoppers this year..lol..

Auckland trotter 09:40 GMT February 8, 2007 Reply   
The EUR/USD has hit around the 23.6% fib of 1.2981 from the 1day 6mo chart.

I see this as a bottom figure for now to trade up from.

Toronto MRC 09:30 GMT February 8, 2007 Reply   
Anyone have thoughts on gold?

Auckland trotter 09:01 GMT February 8, 2007 Reply   
The EUR/USD at the moment looks like it is heading towards around 1.29975 which is the weekly pivot, and the pivot of the trading range I gave on yesterdays posting - various term charts give - 1.1.3045 to 1.2904.

Interesting to see what happens around this level with contradictory indicators on various time charts.

Looking at buy for the movement with the open of the UK market from short term indicators, and the 1hr 5day chart has started to show an up trend in commensurate with the weekly chart.

Hong Kong Qindex 08:39 GMT February 8, 2007 Reply   
USD/CAD may follow the movement of crude oil. Crude Oil is under pressure when it is trading below 57.14.

Hong Kong Qindex 08:33 GMT February 8, 2007 Reply   
İstanbul Sez 08:27 GMT - EUR/CAD : If the market can be stablized around [1.5408], it has a potential to head for [1.5577]. We have to wait and see whether USD/CAD can trade above [1.1865].

İstanbul Sez 08:27 GMT February 8, 2007 Reply   
Hello,
Goodmorning Master Q,
Do u mind if I ask u that regarding overbought eur/cad and gbp/cad from 1,529 to 1,5440 and 2,31 to 2,3380
do u think that cad can be go same way with getting strong greeny?
tia

St. Annaland Bob 08:14 GMT February 8, 2007 Reply   
happy day!

selling USDCAD 1.1860/65/70/75/80/85 with s/l above 1.1900 seems to be good enough for 1.1750 at least.

happy trades

Hong Kong Qindex 08:13 GMT February 8, 2007 Reply   
GBP/USD : It is heading towards 1.9605*.

AZUSA 4X-ed 08:10 GMT February 8, 2007 Reply   
Near-Term BOE Hike On Cards, Odds Against Feb But Report May Not Be Enough To Rally Majority Round Rate Hike --By David Robinson and David Thomas

The Bank of England's Monetary Policy Committee is unlikely to drum up a majority for a rate hike in February, but the chance of another rate hike near term remains high. As four members of the nine-strong MPC voted against the shock January hike, they can be counted on to oppose a further hike this week. That means the doves only need one more vote to keep rates on hold.

There was plenty of evidence in the January minutes that MPC members were concerned about the risks of a surprise policy tightening. Some members warned of "the risk of prompting an excessive monetary tightening by shifting up market interest rates" while others made the case for the hike in order to avoid greater tightening later.

The most recent comments from MPC officials suggest that the divisions seen in the minutes from the Jan 10-11 meeting have hardly been resolved and that, if there were to be a hike this week, support for it will be as split as the last one.

The recent rise in the exchange rate along with the rise in market interest rates -- which was triggered by the surprise Jan 11 hike -- will help to contain the upside to the 2-year inflation forecast. If the Inflation Report does show inflation broadly on track, this may still not be enough to create a consensus on the MPC for or against another hike.

Besley has already made clear that he believes the Inflation Report's central forecast rests on an overly optimistic assumption about inflation expectations. Blanchflower believes it underestimates labour market slack, and with CPI set to start the forecast period well above target at 3.0%, the report could still leave wriggle room for another hike.

Brisbane super-oldtimer 07:58 GMT February 8, 2007 Reply   
Cable - from a wave perspective market looks like being in a 4th wave - if so it is likely to go back up for the 5th of a C higher than the top of A wave hence above 1.9746 to complete the ABC before heading south......
would fit in with the timing of the BOE 12 gmt decision.lol

madrid mm 07:52 GMT February 8, 2007 Reply   
i am curious, during CHINESE NEW YEAR FROM FEB 16TH TO 23RD 2007, will everything be closed in China ? ie gvnmt offices ect...

Bahrain BAH1 07:50 GMT February 8, 2007 Reply   
Japan MoF's Fujii says does not expect yen to be major topic at G7. Says G7 will discuss currencies, macro economy, monetary policy as usual. (Reuters)

madrid mm 07:37 GMT February 8, 2007 Reply   
gm fx jedi
courtesy of bloomberg.com
-Yen Falls Against Euro as BOJ's Haru Sees No Rush to Raise Interest Rates The yen fell for a third day against the euro after Bank of Japan board member Hidehiko Haru said there is no rush to raise interest rates, rejecting criticism from European officials that borrowing costs are too low.
-British Pound's Volatility Rises Before Bank of England Meets to Set Rates Volatility on options for the U.K. pound climbed to a two-year high versus the yen on speculation the Bank of England will surprise investors and raise interest rates today for a second straight month.

Athens Jimmy dapenis 07:25 GMT February 8, 2007 Reply   
Illisnois Micheal Pinnion 07:20 GMT February 8, 2007

If you want a real enaema, come visit me in Greece..

Illisnois Micheal Pinnion 07:20 GMT February 8, 2007 Reply   
Brisbane fx-super-oldtimer 07:03 GMT Agree. Lotsa knickers in a knot. Time for a little ennema, my treat.

calgary oldtimer 07:13 GMT February 8, 2007 Reply   
Personally, I am short from an average of 1.9697, looking for at least low 1.96's, stop right now at 1.9738 but will drop to 1.9728 in 75 minutes or so. Even if Cable breaks have 1.973 or so I will be very reluctant to go long, if I do it will be a smaller position than normal.. Who know's, I just think the odds favor a larger donwside movement at this time.

calgary oldtimer 07:13 GMT February 8, 2007 Reply   
Personally, I am short from an average of 1.9697, looking for at least low 1.96's, stop right now at 1.9738 but will drop to 1.9728 in 75 minutes or so. Even if Cable breaks have 1.973 or so I will be very reluctant to go long, if I do it will be a smaller position than normal.. Who know's, I just think the odds favor a larger donwside movement at this time.

Hong Kong Qindex 07:06 GMT February 8, 2007 Reply   
USD/CHF : It is the leading indicator.

denver jake 07:05 GMT February 8, 2007 Reply   
Is there an accompanying statement with rate decision from BOE? I know minutes get released a week (?) later. Thanks guys.

Hong Kong Qindex 07:03 GMT February 8, 2007 Reply   
USD/JPY : 122.49 is the next target if the market can overcome the projected barrier at 121.15* // 121.48.

Brisbane fx-super-oldtimer 07:03 GMT February 8, 2007 Reply   
Calgary oldtimer
Cable -The market has touched the resistance at 1.9725/32 first time in last 4 days but manifestly has not broken it yet....
So what is your point at this stage ?

Calgary oldtimer 06:49 GMT February 8, 2007 Reply   
CT Chris

Here is 5 minute data from Fxtrek comstock feed
open, hi , lo close
2/7/2007 21:40 1.9721 1.97295 1.97205 1.97255
2/7/2007 21:45 1.97275 1.97315 1.9724 1.97265
2/7/2007 21:50 1.97255 1.97315 1.9725 1.97275
2/7/2007 21:55 1.97285 1.97285 1.97245 1.97275
2/7/2007 22:00 1.97265 1.97275 1.9724 1.9725
2/7/2007 22:05 1.97255 1.97265 1.97235 1.9726
2/7/2007 22:10 1.97255 1.97265 1.97215 1.9724
2/7/2007 22:15 1.97235 1.97255 1.9722 1.9725
2/7/2007 22:20 1.97255 1.97265 1.9719 1.97225
2/7/2007 22:25 1.9722 1.97255 1.97205 1.9722
2/7/2007 22:30 1.9721 1.97235 1.97185 1.97205
2/7/2007 22:35 1.97185 1.97235 1.97175 1.9721

Anybody here and a lot do have access to this data, can verify 6 "5 minute periods" at 1.9725 closes or above. So according to Your pinpoint signals you give you are what? now long, stopped out?
This is total BS, must people, myslef included, wouldn't care to bother you, but since you are the only self proclaimed God of forex, who makes no mistakes>>>You are just looking to be beat up, sorry, drop the atitude and people may respect you. After some of your calls are not that bad, just get over your self. And if you think you are still that hot, lets compare REAL money statements. I will show you mine if you shwo me yours

Sydney ACC 06:46 GMT February 8, 2007 Reply   
Sydney grv 06:28 GMT February 8, 2007
I have to hand it to him he is different. The market has factored in porbably a zero chance of an ECB move tonight and a 30% chance of one from BoE. He favours ECB to move and BoE to move.
I guess he might be right once.

Sydney grv 06:28 GMT February 8, 2007 Reply   
Sydney ACC 05:37 GMT February 8, 2007
hope that question wasnt a serious one directed at that clown...lol..you were been ironic right?...lol

Syd 06:21 GMT February 8, 2007 Reply   
shanghai bc 06:15 GMT yes looking at the bigger also thanks .

shanghai bc 06:15 GMT February 8, 2007 Reply   
Syd 02:33 GMT February 8, 2007

Expecting Usd/Jpy to move towards 115.00 in coming weeks..Then I am not a day trader..

CT Cris 06:12 GMT February 8, 2007 Reply   
OIL Man
Broken of sideways levels need the confirmation of close 3
bars 5 mins chart above or below the said level..ref to my calls in archive.
levels for the coming european session changed to 19735/19700.

Cannes Oil man 06:06 GMT February 8, 2007 Reply   
When it went to 1.9680 or so , you reposted , and said it will "mostly" break down...
Anyways your 25 was broken ...So you stop calling downside, or is it again one of those positions with 15 pip stops , that have to be retaken if stopped , no counting the number of chops ?

CT Cris 06:00 GMT February 8, 2007 Reply   
Cannes Oil man 05:53 GMT February 8, 2007
Well you are removing , when you said GBP$ will break down, as it went up..
=====
I did not say that..read very well my call and understand it.

CT Cris 05:58 GMT February 8, 2007 Reply   
Cannes Oil man

How that..gbp still sideways between the said levels , it did not break either up nor down.

Cannes Oil man 05:53 GMT February 8, 2007 Reply   
Well you are removing , when you said GBP$ will break down, as it went up..

CT Cris 19:40 GMT February 7, 2007
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

CT Cris 05:49 GMT February 8, 2007 Reply   
No for sterling ..yes for euro.

Sydney ACC 05:37 GMT February 8, 2007 Reply   
CT Cris 05:21 GMT February 8, 2007

Do you expect the Bank of England to increase interest rates?

Sydney ACC 05:23 GMT February 8, 2007 Reply   
Expect the unexpected from the Bank of England's interest rate meeting today, economists have warned the City, leaving markets on tenterhooks over whether the Monetary Policy Committee will lift borrowing costs.

Traders said they anticipated an extremely hectic day in the markets, with so much uncertainty hanging over the Bank's midday decision. Economists are still bruised after the Bank took the entire fraternity by surprise and lifted borrowing costs by a quarter of a percentage point last month.

http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/02/08/cnrate08.xml

CT Cris 05:21 GMT February 8, 2007 Reply   
CT Cris 19:40 GMT February 7, 2007
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.
========
It is not easy to know that market in sideways and give the
excat levels.

SYD G 04:36 GMT February 8, 2007 Reply   
The AUD has been correlating very well with the 1yr US-AU irs spread for most of its trading life...this correlation unexpectedly broke midway 2004....from that point, the spread tightened from 320bp to the current 105bp, but the AUD either consolidated in an upward trend or made substantial gains towards 0.8000...with the spread now having bottomed out and back on an upward trend, the AUD is set to accelerate to the upside....the old rules just dont apply, thats why most of the Australian major banks had a negative outlook on the AUD for a while......they just looked at the spread tightening, and automatically assuemed the AUD will follow.....the reason why the correlation broke are numerous, but i hasten to add, that without a global slow down, the AUD will maintain its upward bias...0.8200 medium term outlook

Gold Coast fxi 04:00 GMT February 8, 2007 Reply   
Thanks RC

Sydney ACC 02:43 GMT February 8, 2007 Reply   
shanghai bc 02:13 GMT February 8, 2007
While BHP has indicated that they will buyback USD 10 billion of its stock this will include USD 2.5 billion in an off-market parcel of Australian listed stock. The remainder will likely be London listed stock which trades at a discount to the Australian.
FWIW the are significant outward flows from supoerannuation funds owing to the need to diversify owing to the tax breaks and the Future Fund. I see these tempering any upside for the Aussie along with lower commodity returns.

Syd 02:33 GMT February 8, 2007 Reply   
shanghai bc what are your views on the Yen going forward with the carry trade expanding even further thanks

Gold Coast Martin 02:22 GMT February 8, 2007 Reply   
shanghai bc 02:13 GMT February 8, 2007

Looking at BHP/BILLITON profits which is backward looking data when trying to relate it to the future value of aud dollar, is not wise.More relevant data would be to look at the base metal volatility of the last 2 weeks as a forward looking indicator....there always is a lagging gap between metal movement and aud value, that eventually closes....g/t

shanghai bc 02:13 GMT February 8, 2007 Reply   

With BHP surging ahead,Aud downside must be rather limited..

Sydney ACC 02:02 GMT February 8, 2007 Reply   
USA BAY 01:54 GMT February 8, 2007
Personally I find it difficult to get too bullish on Aussie, nonetheless it doesn't pay to look too far ahead at the moment. I think 0.7830 is possible although the banks have good orders up to 0.7820, CBA is confident about 0.7900 over the next few weeks.
On the crosses against GBP and EUR there's proabbly little upside, but if as seems likely JPY will escape without any negative comments in the weekend's G7 communique then USD/JPY will move up to 122.00 fairly smartly (if not sooner) which would make 95.00 probable.

USA BAY 01:54 GMT February 8, 2007 Reply   
SYDNEY ACC,

Seems like aud/jpy is heading to 95.00 again. What do you feel about this pair. thanks

Syd 01:37 GMT February 8, 2007 Reply   
Sydney ACC 01:27 GMT hi, put the report on Futures forum cheers

Sydney ACC 01:27 GMT February 8, 2007 Reply   
Syd 01:04 GMT February 8, 2007
High default lkevels are a common faeture of non-conforming loans. Typically anywhere up to 5% of outstanding loans by value can be more than 90 days in arrears.

Did Moody's give a level for defaults in their report?

Syd 01:04 GMT February 8, 2007 Reply   
Moody's Says Arrears In The Australian Non-Conforming Housing Sector Hit Record High

Syd 00:51 GMT February 8, 2007 Reply   
Philadelphia Caba 00:44 GMT Hi, there probably topping around 78.20 and down from there

Philadelphia Caba 00:44 GMT February 8, 2007 Reply   
Syd, may I know your view on aussie now, after data..tia!

Philadelphia Caba 00:33 GMT February 8, 2007 Reply   
Australia's unemployment rate fell to a stronger-than-expected seasonally adjusted 4.5% in January from 4.6% in December. The number of employed fell 3,600, the Australian Bureau of Statistics said Thursday.

Sydney ACC 00:32 GMT February 8, 2007 Reply   
Syd 00:13 GMT February 8, 2007
Rubbish!

Philadelphia Caba 00:29 GMT February 8, 2007 Reply   
DJ Australian Jan Unemployment Rate 4.5%; Consensus 4.6%

Philadelphia Caba 00:29 GMT February 8, 2007 Reply   
DJ Australian Jan Employment -3,600; Consensus +7,500

Gold Coast RC 00:20 GMT February 8, 2007 Reply   
Gold Coast fxi 00:10 GMT February 8, 2007
Yes next meeting 24 feb 9am Indroopilly Library at the shopping centre

Syd 00:13 GMT February 8, 2007 Reply   
Labor government makes Costello 'nervous'
Treasurer Peter Costello said today the thought of a "novice Labor government" running the economy makes him more nervous than ending up the leader the opposition after the next federal election.
Mr Costello said he was fighting the next election for the sake of the Australian people and their economic prospects, and he was not thinking about a job he didn't have.


http://www.theaustralian.news.com.au/story/0,20867,21191371-31037,00.html

Gold Coast fxi 00:10 GMT February 8, 2007 Reply   
Gold Coast RC 22:41 GMT February 7, 2007
Hi, is the Traders club you mentionned once still active? TIA