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Forex Forum Archive for 02/13/2007

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LA BV 23:55 GMT February 13, 2007 Reply   
Gracias

Gold Coast Martin 23:52 GMT February 13, 2007 Reply   
LA BV 23:49 GMT February 13, 2007
Yes...

Sydney ACC 23:51 GMT February 13, 2007 Reply   
Gold Coast Martin 23:43 GMT February 13, 2007
Notwithstanding your commemnts below can you confirm whether there has been administrative change to Japanese investment trusts that would warrant some to believe that there may be an impact on the forex market?

LA BV 23:49 GMT February 13, 2007 Reply   
Martin. Are you implying that the jpy is due to strengthen ahead of fiscal year end?

Gold Coast Martin 23:43 GMT February 13, 2007 Reply   
FWIW..Jap investment trust flows( mainly pension funds) will not be released for overseas allocation until after end of March traditional Jap repatriation and after the end of the Jap fiscal year.....contrary to wide concensus, majority( over 80% of it is destined for domestic location( as long term strategy of investing in a strengthening jap economy) and the rest is destined for overseas ...so net result on carry currencies as a result of the above investment trust flows is zero...Carry trade risk appetite should decline less and less as we head into end of February and into March...g/l to all..

Dallas GEP 23:37 GMT February 13, 2007 Reply   
May be old news to some but North Korea agreed to shut down it's nucleur reactor program. This in itself SHOULD lend some strength to the YEN . Let's see if Asia reacts to this in their session tonight

Aus Stu 23:33 GMT February 13, 2007 Reply   
Well the Oz Westpac data must have been very bland or have I got the times wrong?

Sydney ACC 23:28 GMT February 13, 2007 Reply   
Cali mmm 22:55 GMT February 13, 2007
Other than the general selling of USD following yesterday's German GDP, US trade deficit, higher commodity prices, there is talk of new Japanese investment trusts (see reference lower down) that may be pump more carry trades into Australia and NZ.
Market was expecting a test of 0.7700 yesterday so some of those shorts would need to have been unwound which would have added to upward momentum. But news of one major buyer hanven't heard anything.

Cali mmm 22:55 GMT February 13, 2007 Reply   
Sydney, ACC:
Good morning in Aus / good afternoon here in South America. Can you pls comment on the reason(s) for such a strong pullback in the AUD/USD and also your view for next 24 hrs ? Thank you.

Sydney ge11ja 22:53 GMT February 13, 2007 Reply   
Sydney ACC 22:50 GMT February 13, 2007

No its not that one, ill do some more hunting for details and revert

Sydney ACC 22:50 GMT February 13, 2007 Reply   
Sydney ge11ja 22:44 GMT February 13, 2007
Is this the Rydex story out of New York the Currency Shares Japanese yen Trust. If so after I read this story on Reuters and Bloomberg it is a pure USD/JPY play.

Sydney ACC 22:44 GMT February 13, 2007 Reply   
USA BAY 22:35 GMT February 13, 2007

My view of ther Kiwi is one of sheer terror.

There is an assumption that there is a 89% chance of a NZD interest rate at the next meeting, that in itself is reason enough not to sell NZD.

Given the outlook for interest rates in NZ and Australia the cross probably gives the best risk/return scenario.

The idea of imposing a tax on fixed rate mortrgages appears to be destined for the bin where it belongs, however, given the government's desire to find an alternative to the OCR to stem growth, something else may spring out to scare the market.

Sydney ge11ja 22:44 GMT February 13, 2007 Reply   
Sydney ACC 22:24 GMT February 13, 2007
Hi mate it was a post on GVI late yesterday in lg's daily roundup. Looking at yen crosses would make a lot of sense as it is seems they are buying already.
That was the only thing I could see that made any sense for the overnight moves.

Sorry no more info

USA BAY 22:35 GMT February 13, 2007 Reply   
Sydney ACC,

What is your view on nzd/usd please. thanks

Sydney ACC 22:24 GMT February 13, 2007 Reply   
Sydney ge11ja 22:02 GMT February 13, 2007
Do you have reference site for this news, my sources are unable to confirm anything, but then that doesn't say much.

GVI john 22:11 GMT February 13, 2007 Reply   
Wed, Feb 14, 2007
23:50 JA- Dec C/A
05:30 JA- Dec final IP
UK- Inflation Report
08:30 UK- Jan Employment
13:30 US- Jan Retail Sales (see +0.3% vs. +0.9%; ex-autos +0.4% vs. +1.0%)
15:00 US- Dec Bus Inventories (see +0.1% vs. +0.4%)
15:30 US- Weekly Energy

Thu, Feb 15, 2007
23:50 JA- 4Q06 GDP
08:30 UK- Jan Retail Sales
09:00 EZ- ECB Bulletin
13:30 US- Feb Empire State PMI (see 10.2 vs. 9.1)
13:30 US- Weekly Jobless (see 313K vs. 311K)
14:00 US- Dec TIC Flows
14:15 US- Jan IP- C/U (see 0.0 vs. +0.4%; 81.7% vs.81.8%)
15:30 US- Natural Gas
17:00 US- Feb Philly Fed (see 4.4 vs. 8.3)
18:00 US- Feb NAHB (see 36 vs. 35)

Fri, Feb 16, 2007
23:50 JA- Dec Tertiary Activity Index
07:00 GE- Jan CPI (final)
10:00 EZ- Jan Trade
13:30 US- Jan Housing Starts (see 1.6mln vs. 1.642mln)
13:30 US- Jan PPI (see -0.5% vs. +0.9%; core +0.2% vs. +0.2%)
15:00 US- Feb(p) U of M (see 96.6 vs.96.9)


Mon, Feb 19, 2007
US- Presidents Day Holiday

Sydney ge11ja 22:02 GMT February 13, 2007 Reply   
Sydney ACC 21:42 GMT February 13, 2007
agree re Rio and BHP, should not be AUD positive (probably more GBP negative)
more i talk to people it seems the yen investment trusts are the culprit.... about 1 tri yen supposedly

for today i think 0.7820 should cap

GL n GT

dc CB 22:02 GMT February 13, 2007 Reply   
And lastly, BP.

http://www.freecotcharts.com/cot_charts/BP.PNG

http://stockcharts.com/c-sc/sc?s=$xBP&p=D&yr=0&mn=6&dy=0&i=p70737928148&r=5930]

dc CB 21:56 GMT February 13, 2007 Reply   
Two JY views

http://www.freecotcharts.com/cot_charts/JY.PNG

http://stockcharts.com/c-sc/sc?s=$xjy&p=D&yr=0&mn=6&dy=0&i=p70737928148&r=5930]

dc CB 21:54 GMT February 13, 2007 Reply   
two CD views

http://www.freecotcharts.com/cot_charts/CD.PNG

http://stockcharts.com/c-sc/sc?s=$cdw&p=D&yr=0&mn=6&dy=0&i=p70737928148&r=5930]

LKWD JJ 21:46 GMT February 13, 2007 Reply   
rtz and bhp are they from uk? another drag on gbp for usd possible.
$y daily 10ma @121.06. still holding for a possible bernanke bounce?

Sydney ACC 21:42 GMT February 13, 2007 Reply   
Sydney ge11ja 21:32 GMT February 13, 2007
One reason pointed oiut to me is the possibility of either RTZ or BHP taking ovewr Alcoa.
That I can't see. If this went ahead and lets say it was a cash offer, that would mean there would be likelihood of a capital buyback for years. USD 40 billion of debt would soak up whatever free cash flow exists for a few years for either company.
A bid would also likely reduce the bidders share price so I don't think an foreign investor is buying either BHP or RTZ shares.
If it was to be acquired via a share issue then it woulkd be too early to speculate which currency might get hammered. The shres may be issued in sterling in London and not in AUD.
No I think its just reversed it losses from earlier in teh week and risen with the euro albeit a bit more.
With the German GDP, how much did consumer spending brought forward to beat the rise in VAT contribute to the figure? I haven't seen any comment on that yet.

SydoJoe 21:38 GMT February 13, 2007 Reply   
AUD strength:: - also copper rallies 4.5% helping it.

Sydney ge11ja 21:32 GMT February 13, 2007 Reply   
Sydney ACC 21:12 GMT February 13, 2007

There is also a lot of talk of new Japanese inv trusts to be announced end of this week, could this be behind it as well????

LKWD JJ 21:31 GMT February 13, 2007 Reply   
dont touch either kiwi or aussie as my fingers got burned. have hard time with ccy's that are traded 90% of volume when im sleeping.

Sydney ACC 21:12 GMT February 13, 2007 Reply   
LKWD JJ 20:53 GMT February 13, 2007
At a guess - growth and inflation.
Yesterday's German GDP, much better than expected, has fueled thoughts of sustained global expansion, this in turn has pushed up commodities. The CRB index is up by about 1.6% pushing it back above the 300 level.
Yesterday's gains put the currency back to almost where it was last Friday and slightly higher than where it was prior to the RBA's MPS.
Kiwi has moved up as well to the same degree with the cross remaining at the same level as yesterday.

Charlotte TH 21:10 GMT February 13, 2007 Reply   
added to usdcad longs at 1.1730 here at 1.1660.targets 1.1840/80-1.1920.

LKWD JJ 21:07 GMT February 13, 2007 Reply   
possible short cover in cable before boe inflation report on wed? 4hr and 1 hr show divergence but the way this fell the last couple of days wouldnt be a surprise.

LKWD JJ 20:53 GMT February 13, 2007 Reply   
whats with aussie today that its up 1/2 cent?

Sydney ACC 20:16 GMT February 13, 2007 Reply   
St. Annaland Bob 19:44 GMT February 13, 2007
It is intersting that the market consistently returns to the US deficit, I do not deny that it is a problem, yet it is one that affects every English speaking country, except Canada.
NZ is afflicted to a deficit of almost 10% of GDP yet through high interest rates that have failed to curtail growth the NZD continues to perform strongly. Overnight it is up three-quarters of a cent against the USD and firmer against most other currencies too.
Australia consistently has maintained a deficit throughout most of its exixtence drawing on capital from the rest of the world.
The UK reported a record trade deficit for 2006 much of which was imports from China. This has not stopped investors pouring money into the UK.

St. Annaland Bob 19:54 GMT February 13, 2007 Reply   

what kind of impact on FX is awaited from the collapse of the US mortgage markets?

does the figure of USD 650 billion in the US sub-prime mortgage market during 2006 is an actual number (almost the US deficit the same year)?

Nitra stan 19:52 GMT February 13, 2007 Reply   
for traders using elliott wave method: EUR/JPY, longer wave that started 2007-02-05 19:00 seems to complete now. a new one should start early

St. Annaland Bob 19:44 GMT February 13, 2007 Reply   
Sofia mik

I agree with your view when charts are in my sight, very difficult to agree with you at the day that marks 5th record year in a row for the US deficit ... also 2005 was record US deficit year and USD still provided profits to it's holders ... now, let's figure it out ... happy trades

Sofia mik 19:20 GMT February 13, 2007 Reply   
Sofia mik 05:05 GMT January 24, 2007
cable give a bonus forlong term traders. very good lvl for short& sleep for 20 figures for next 6-7months



Sofia mik 19:15 GMT February 13, 2007 Reply   
big bonus for euro/jpy seller

gl/gt

usa bay 19:10 GMT February 13, 2007 Reply   
dr q,

your analysis on gbp/jpy please. thanks

NYC 19:10 GMT February 13, 2007 Reply   
How come you guys aren't calling out trades? eurusd moved from 1.3024-26 to 1.3026-28 and then to 1.3025-27 in the past 2 hours?

PAR 17:51 GMT February 13, 2007 Reply   
Bio fuels seems to be the most absurd idea . Not only oil prices dont go down but food prices go sky high. Food induced inflation will be this summers story.

Van jv 17:42 GMT February 13, 2007 Reply   
Crosses//////do not understand this obcession with all kind of secondary crosses---I believe that even one such as EUR/JPY is more efficiently traded as two components--Eur/US and US//JPY,---

Gen dk 17:42 GMT February 13, 2007 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

OTTAWA mjw 16:44 GMT February 13, 2007 Reply   
thank you Dr qindex, Iam short at 94.04, will hold trade for lower levels thx.

Hong Kong Qindex 16:43 GMT February 13, 2007 Reply   
EUR/JPY : The odds are in favor of maintaining a short position when the market is trading below [158.13]. The short term targeting range is the lower barrier at 156.18 // 156.57*.

Hong Kong Qindex 16:40 GMT February 13, 2007 Reply   
AUD/JPY : Speculative selling pressure will increase when the market is trading below 94.18 and the short term target is the lower barrier at 93.16 // 93.44.

Hong Kong Qindex 16:38 GMT February 13, 2007 Reply   
AUD/JPY : The market is going to consolidate between 93.35* - [93.85] - 94.32* for the time being.

OTTAWA mjw 16:33 GMT February 13, 2007 Reply   
Dr.qindex, could you pls,post analysis for aud/yen, when you have time... thx..

Hong Kong Qindex 16:28 GMT February 13, 2007 Reply   
EUR/GBP : the current expected trading ranges are as follow :-

... 0.6627* // 0.6651 - [0.6668] - 0.6708* // 0.6716* ...

Hong Kong Qindex 16:27 GMT February 13, 2007 Reply   
AUD/USD : The current expected trading ranges are as follow :- ... 0.7735* // 0.7747 - 0.7758 - 0.7766* - 0.7781 ...

LasVegas Ismael 16:25 GMT February 13, 2007 Reply   
USD/JPY

What about peoples’ opinion that BOJ will raise its rate in the coming meet. Remark about the prevailing situation. Can the yen get sank? How much should they increase their rates? Also give your views about the carry trades

Hong Kong Qindex 16:24 GMT February 13, 2007 Reply   
EUR/USD : The current expected trading ranges are as follow :-
... 1.2984* // 1.2995 - 1.3006 - 1.3013* - 1.3027 - 1.3042 ...

warsaw TOMi 16:23 GMT February 13, 2007 Reply   
Bob, are you still in short usdcad?

new york ismael 16:21 GMT February 13, 2007 Reply   
I am in learning mode!

Hong Kong Qindex 16:20 GMT February 13, 2007 Reply   
EUR/CHF : Speculative buying interest will increase if the market can trade above the moving targeting range of 1.6251 - 1.6277.

RIC fxq 16:17 GMT February 13, 2007 Reply   
would the last one out please turn off the lights!

Haifa ac 15:48 GMT February 13, 2007 Reply   
Breaking News: Iraq just closed all Syrian and Iranian borders.

london phil 15:32 GMT February 13, 2007 Reply   
its been rejected 7 times in last month 30-60 level people start to get used to range trading then pow up it goes

GENEVA DS 15:29 GMT February 13, 2007 Reply   
EURCHF leading the way ...?? for which one... USDCHF higher or EURUSD higher.... think consensus (if there is any...) market expects USDCHF higher... the only worry we should have is EUR is so well bid against GBP and JPY... that any surprise move to 1.3100 can be also expexted anytime...

Mtl JP 15:29 GMT February 13, 2007 Reply   
london phil 15:23 - why should the pop be surprise ?

london phil 15:23 GMT February 13, 2007 Reply   
a suprise pop through euro 60 level im sure would wake everyone up

NYC 15:18 GMT February 13, 2007 Reply   
I have never seen this forum at a loss for ideas and think it reflects the current state of the market.

Dallas GEP 14:39 GMT February 13, 2007 Reply   
The most significant movement in the next few days IMO will be YEN related. All yen pairs should short significantly due to the reasons already mentioned here already. I would suspect that we will see some 119 usd/jpy , 232 Gbp/JPY and 156 eur/jpy for example. This IMO will occurr in several waves so as usual it won't be one way action but I would be surprised to see any rallies HIGHER than 60 pips from the current price points of 121,27, 157.85 and 235,65

Dallas GEP 14:27 GMT February 13, 2007 Reply   
BAY, my view on that pair is mixed. I would only SHORT it on rallies at this point in time.

UK Alex 14:25 GMT February 13, 2007 Reply   
China economy 'to slow slightly'

london 14:17 GMT February 13, 2007 Reply   
All downhill now for Euro v $..

UK Alex 14:12 GMT February 13, 2007 Reply   
Analysts said the yen was also being supported by repatriation of Japanese overseas funds as they prepare for $27 billion of coupon payments from the U.S. Treasury Thursday and about $29 billion of maturities Saturday. In Europe, there are EUR13.9 billion of Dutch redemptions Thursday and EUR18 billion of French ones Friday.

UK Alex 14:05 GMT February 13, 2007 Reply   
British newspaper has reported it could be a takeover target.

Silverthorne CO AL 14:05 GMT February 13, 2007 Reply   
Alex. re alcoa roughly 30 yards with the proposed deal at 40

Napoli DC 14:03 GMT February 13, 2007 Reply   
UK Alex 14:00
28.55 B
can i ask why, Sir?

UK Alex 14:00 GMT February 13, 2007 Reply   
Btw, what's the market cap of Alcoa?

Ft. Lauderdale MrHuckFin 13:56 GMT February 13, 2007 Reply   
RIC: Probably a VERY good idea I just don't have the head for keeping track of all that info. and then trying to process it into anything useful so I just stick to what I know and I do all right (most of the time) but I do like looking into the "back ground" once in a while just in case I see something anomalous going on. ;-)

UK Alex 13:55 GMT February 13, 2007 Reply   
The merchandise trade deficit widened in constant dollar terms by $2.5 billion to $57.7 billion (current dollar goods deficit widened by $3.4 billion. The widening in the real deficit points to greater deterioration in 4Q GDP than had been indicated in the advance report.

RIC fxq 13:51 GMT February 13, 2007 Reply   
oh yeah, with a big dash of contrarian thrown in as well

RIC fxq 13:49 GMT February 13, 2007 Reply   
Ft. Lauderdale MrHuckFin 13:39

neither a technician nor a fundamentalist be, personally I'm quant and play the very short term :)

- but I DO factor 'em all into the equation.

GVI john 13:46 GMT February 13, 2007 Reply   
U.S. Trade...

Hong Kong Qindex 13:41 GMT February 13, 2007 Reply   
EUR/USD : The distribution of quantized levels are as follow :- ... 1.2870* - // 1.2899* - 1.2927* - [1.2941] - 1.2956* - 1.2984* - 1.3013* // 1.3042* ...

Ft. Lauderdale MrHuckFin 13:39 GMT February 13, 2007 Reply   
RIC: LOL! We tech guys always think that of the fundamentalists but that's why this is such an interesting field to be in, but you are right there are some market influences that can have an effect on market movement but in the long term a currency is going to go ultimately to where it was going to go no matter what fundamentals are going on in the back ground. The trick is to not get caught up in the "noise".

RIC fxq 13:32 GMT February 13, 2007 Reply   
Ft. Lauderdale MrHuckFin 13:27

just my opinion of course but anyone playing forex from pure technicals/charts is operating on potentially very dangerous grounds

Ft. Lauderdale MrHuckFin 13:27 GMT February 13, 2007 Reply   
RIC: To tell the truth I never look at fundamentals although it does prove interesting some times to give a potential reason as to "why" some activity occurs for a while, but for the most part I never pay much attention to that sort of thing and in the "normal" course of a market day the GBP/USD and the EUR/USD act like they are cuffed at the hip and one will not make a move with out the other doing almost the same exact thing but for the past several hours it's like they've been repelling off of each other and that just doesn't quite jibe with what I normally see, but what you just pointed out may be the reason why. :-)

Haifa ac 13:22 GMT February 13, 2007 Reply   
RIC fxq 13:15 GMT //Or, Perhaps he is long pound?

Miami OMIL (/;-> 13:22 GMT February 13, 2007 Reply   
Short term view eur/usd pair: Market is extremely range driven lately so the stops on the longs taken for the pip raiders will be moved to the entry position just in case the market decides to fail the main resistance. Something to note is that the bullish pennant has given the main resistance (3030-40) more importance than usual for this move. Support below is 3000-2990, 2960-70, 2930-40, 2900-10 and 2860-70 IMHO. Peace and GT

RIC fxq 13:15 GMT February 13, 2007 Reply   
Ft. Lauderdale MrHuckFin 12:41 GMT

out of phase in what way? have you been watching UK eco numbers?

Haifa ac 13:14 GMT February 13, 2007 Reply   
Should the "surrender" of N. Korea be positive for yen?!

USA BAY 12:50 GMT February 13, 2007 Reply   
DALLAS GEP,

Whats your view on gbp/jpy please. thanks

Ft. Lauderdale MrHuckFin 12:49 GMT February 13, 2007 Reply   
Thanks Dallas. Never thought to look at that pair, it looks like it exerts a little undue influence over part of the market.

Dallas GEP 12:46 GMT February 13, 2007 Reply   
Ed, IMO gbp and euro could both loNG from here EASILY

NYC Ed 12:45 GMT February 13, 2007 Reply   
Any thoughts on CABLE today (feb 13) ?

Dallas GEP 12:43 GMT February 13, 2007 Reply   
mrhuckfin, eur/gbp longs were in play.

Ft. Lauderdale MrHuckFin 12:41 GMT February 13, 2007 Reply   
Why is the GBP/USD so "out of phase" with the EUR/USD right now? And I thought if the GBP hit 9405 it would go on through? DId I miss something?

Dallas GEP 12:39 GMT February 13, 2007 Reply   
caba I stand corrected my friend. Just got up ThX!!!! LOL

Philadelphia Caba 12:36 GMT February 13, 2007 Reply   
Dallas GEP 12:23 GMT
GEP, just wondering..didn't get 121.10 yet...gt!

Dallas GEP 12:23 GMT February 13, 2007 Reply   
THX Q. usd/jpy shorts also hit target of 121.10 earlier. Ypur GBP/USD forecast as usual was EXTREMELY accurate as usual in that your target WAS hit in London session.

Antwerp ML 12:14 GMT February 13, 2007 Reply   
euro to head now to low 31s
massive buying of euros could emerge today and tomorr

gl

Athens MK 12:11 GMT February 13, 2007 Reply   
london phil 11:07 GMT February 13, 2007

Phil, for cable also the weekly chart shows 1.9312 level is the mid-point for the standard bollinger band. Just lots of different levels either by trend analysis, pattern recognition, volatility, dollar index, or just plain mumbo-jumbo is telling you some important levels are coming up in the near term horizon....

Will be fun to see what happens :)

Atlanta South 12:01 GMT February 13, 2007 Reply   
E/$ upside should cap @ 3075 & downside supported @ 2905
for today. Just my views based on my method. Gt

manchester 11:47 GMT February 13, 2007 Reply   
thanks maribor / AG

Maribor 11:46 GMT February 13, 2007 Reply   
manchester 11:13 GMT February 13, 2007

EURGBP going up to reach at least 6800 area, so buy and hold. Nice trend up should develop; after 6800 area reevaluate price action.

Hong Kong Qindex 11:30 GMT February 13, 2007 Reply   
CHF/JPY : The odds are in favor of maintaining a short position when the market is trading below the moving targeting range of 97.23* - 97.35. The market has potential to tackle the supporting strength of 96.59 // 96.74.

CAIRO AG 11:21 GMT February 13, 2007 Reply   
manchester// Eventualy, think we will see 0.6745-50 area where a short position could work- if this level comes before thursday, as per my calculations.

gl & gt

Hong Kong Qindex 11:14 GMT February 13, 2007 Reply   
CAD/JPY : The market is testing 103.25 // 103.44. The next targeting barrier is 102.68 // 102.93. Speculative selling pressure will increase when the market is trading below 102.68.

manchester 11:13 GMT February 13, 2007 Reply   
EUR/GBP does anyone have any trading levels for this pair or any views?

london phil 11:07 GMT February 13, 2007 Reply   
thanks mk

Mumbai NS 11:07 GMT February 13, 2007 Reply   
TY Dr Q yes the downside probe looks imminent but something is holding it back it is eurgbp one day yen cross some day yep patience test at it's hilt anyways gr8 calls sir tks

SINGAPORE GFX 11:04 GMT February 13, 2007 Reply   
HONG KONG QINDEX,

LOL. Thanks.

Athens MK 11:04 GMT February 13, 2007 Reply   
london phil 10:34 GMT February 13, 2007

Hi... actually we see quite a bit more then what I am allowed to post but just your standard tools will show you that is an area where new positions are being looked at.

Keep an eye on the dollar index as well during the next few days should help as well.....

GLGT

Hong Kong Qindex 11:03 GMT February 13, 2007 Reply   
SINGAPORE GFX 10:34 GMT - I guees we have to wait until the Yankee wake up.

Auckland trotter 11:00 GMT February 13, 2007 Reply   
Hong Kong Qindex 10:26 GMT February 13, 2007
“Auckland trotter 10:19 GMT - I like the white wine from New Zealand.”

If you are into wine the try some of the NZ South Island piont noir, and if into just the white wines, the piont gris.

When I lived in the UK I looked at German white and French reds. The ‘rule’ followed when I moved to NZ. Australian reds and NZ whites. It depends on the climate as to what can best be produced from the grape (ref: FX market).

Times, and climate change.

Happy tasting.

Hong Kong Qindex 11:00 GMT February 13, 2007 Reply   
Mumbai NS 10:28 GMT - EUR/USD : We have to guess whether the market wants to tackle the upper barrier at 1.3013 // 1.3027 or pull back below 1.2984 // 1.2995. Anyway speculative selling pressure will increase when the market is trading below 1.2984. I am bias on the downside.

SINGAPORE GFX 10:44 GMT February 13, 2007 Reply   
POLOKWANE,

You missed CA JHON. Thanks guys for the great calls.

POLOKWANE CS 10:39 GMT February 13, 2007 Reply   
CT Cris 06:23 GMT February 13, 2007
CT Cris 06:14 GMT February 13, 2007
gbp.usd ready to rise till 19510-20 then to dive till 19400.

======
chk the first part of the call if it is correct then act the second part

Athens MK 08:17 GMT February 13, 2007
Ideally price action should want to touch around 1.9530 before heading back down... Traders would like to target 1.940+ lows today...

Hong Kong Qindex 23:37 GMT February 12, 2007
GBP/USD : Sell on rallies is the preferred trading strategy. The short term target is 1.9405

CONGRATULATIONS GUYS ! ! Great calls.

It is a honour to have such experienced traders on this forum who are sharing their views with us.
Thanks !

SINGAPORE GFX 10:34 GMT February 13, 2007 Reply   
HONG KONG QINDEX,

DR Q looks like gbp/jpy has seen the bottom for today, what do you think. ty

london phil 10:34 GMT February 13, 2007 Reply   
hi athens mk i was just wondering what you see at 330-380 .
i dont see any support resistance as far as price goes but daily chart does look a great trend thanks

Auckland trotter 10:32 GMT February 13, 2007 Reply   
The EUR/USD has not hit the R1 on the daily pivot and found a resistance at I6 at 1.3010..

I am selling the EUR/USD, ref my previous posts as I see the pair having peaked for this session.

Mumbai NS 10:28 GMT February 13, 2007 Reply   
Dr Q gr8 calls what abt euro now sir looks toppish?

Hong Kong Qindex 10:26 GMT February 13, 2007 Reply   
Auckland trotter 10:19 GMT - I like the white wine from New Zealand.

Athens MK 10:24 GMT February 13, 2007 Reply   
GBP/$: So far so good.... For those that shorted intraday targets have been met at the low of 1.9406.

I recommend that you take a good look at the area 1.9330-80 for a new swing trade back up. Technically it cannot be ignored even if fundamentals show otherwise....

One more leg down which is equal length to the previous downward leg will bring price action to the 1.93+ area...

Questions that traders have at these technical levels will be "Is this the turning point for a new trend for cable?" Depends on how you look at the picture...

For me it makes sense to follow past pictures at these levels since if it is not what you expect then to close and reverse is not hard on your R/R....

Hong Kong Qindex 10:23 GMT February 13, 2007 Reply   
CAD/JPY : The market has a potential to tackle 102.22 in a few days.

Auckland trotter 10:19 GMT February 13, 2007 Reply   
Hong Kong Qindex 09:54 GMT February 13, 2007
Wine has a correspondence to the FX market, and is a commodity that is traded as an investment ( I used to know some people that made a good living out of it). They brought at auction, cellared until maturity and then sold at a profit.

The aspect of wine is to know the varieties that go with the moment, given current conditions - time of day, types of food, etc.

Yes, given the right wine, at the right time, is an oral orgasm. Can’t say the same for trading the FX market, but if understood, the market can be appreciated in a similar way.


Just a lateral thought.

Hong Kong Qindex 10:16 GMT February 13, 2007 Reply   
USA BAY 10:14 GMT - GBP/JPY : I will post it later when the market can penetrate through 235.00.

USA BAY 10:14 GMT February 13, 2007 Reply   
HONG KONG QINDEX,

IF GBP/JPY penetrates 235, whats the next level we are looking at. TIA. Great Calls.

Hong Kong Qindex 10:10 GMT February 13, 2007 Reply   
Dallas GEP 04:41 GMT February 13, 2007
Could be over analysing here, but GBP SHOULD start to short at FASTER rate than EURO which will LONG eur/gbp from this level or close so I am closing eur/gbp shorts here.

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

Perfect Timing!

Porto Genius 10:08 GMT February 13, 2007 Reply   
Thanks! ;)

Hong Kong Qindex 10:06 GMT February 13, 2007 Reply   
Porto Genius 10:03 GMT
Hong Kong Qindex 03:55 GMT February 13, 2007
AUD/USD : The market is under pressure when it is trading below the moving targeting range of 0.7689 - 0.7788. A projected barrier is postioning at 0.7735. The downside targeting points are 0.7643 and 0.7674.

Porto Genius 10:06 GMT February 13, 2007 Reply   
ooopppsss sorry!

Hong Kong Qindex 03:55 GMT February 13, 2007
AUD/USD : The market is under pressure when it is trading below the moving targeting range of 0.7689 - 0.7788. A projected barrier is postioning at 0.7735. The downside targeting points are 0.7643 and 0.7674.

Gold coast Double O 7 10:04 GMT February 13, 2007 Reply   
Amsterdam purk 09:58 GMT February 13, 2007

don't dare to use PURKY's handle to cover your sickness

Porto Genius 10:03 GMT February 13, 2007 Reply   
Dr. Qindex what are your views on aud/usd?
Thanks

Hong Kong Qindex 10:03 GMT February 13, 2007 Reply   
EUR/GBP : Speculative buying interest will increase when the market can overcome the projected resistance at 0.6689* // 0.6695.

Hong Kong Qindex 10:00 GMT February 13, 2007 Reply   
Amsterdam purk 09:58 GMT - I took him to a Club House, CRC, in Hong Kong.

Hong Kong Qindex 09:58 GMT February 13, 2007 Reply   
GBP/JPY : Speculative selling pressure will increase when the downward trending momentum is strong enough to penetrate through the barrier at 235.59* // 235.00.

Amsterdam purk 09:58 GMT February 13, 2007 Reply   


Hong Kong Qindex 09:54 GMT February 13, 2007
lucky he didnt offer to take you to that new all cannabis chemist in amsterdam,,,lol

Auckland trotter 09:56 GMT February 13, 2007 Reply   
I have a resistance level on the 1 week 3 year, 1 day 6 month and 4 hour 20 day charts around 1.3000.

This has not been hit again since the opening of the UK market, so I will now look at my targets from my previous postings.

Hong Kong Qindex 09:54 GMT February 13, 2007 Reply   
St. Annaland Bob 09:51 GMT - Good afternoon! I still remember the good time we had togther with your good wine.

St. Annaland Bob 09:51 GMT February 13, 2007 Reply   

Qindex, the wine gets only better. great intra day calls.

Hong Kong Qindex 09:50 GMT February 13, 2007 Reply   
GBP/USD : The lower barrier of the daily cycle at 1.9383 // 1.9405* is going to be challenged.

Hong Kong Qindex 09:47 GMT February 13, 2007 Reply   
Hong Kong Qindex 23:37 GMT February 12, 2007
GBP/USD : Sell on rallies is the preferred trading strategy. The short term target is 1.9405.

Hong Kong Qindex 09:44 GMT February 13, 2007 Reply   
Hong Kong Qindex 08:59 GMT February 9, 2007
EUR/GBP : The market is heading towards 0.6708.

Hong Kong Qindex 09:42 GMT February 13, 2007 Reply   
GBP/USD : It is likely that we have seen the daily high already. The upside targeting points were expected at 1.9521 and 1.9596.

CA Jhon 09:41 GMT February 13, 2007 Reply   
GBPUSD short signal approved
http://finance.groups.yahoo.com/group/eurusd_forecast/

Hong Kong Qindex 09:40 GMT February 13, 2007 Reply   
GBP/JPY : The barrier at 235.05 // 236.01 is going to be tested.

Bahrain BAH1 09:39 GMT February 13, 2007 Reply   
Hi frnds.....Market bought EURGBP after the UK data...euro holding so far...but think we should see it lower later. GL

Miami Rg 09:37 GMT February 13, 2007 Reply   
Euro will follow...

Ldn G Brown 09:33 GMT February 13, 2007 Reply   

Cable to 1.9324............................

madrid mm 09:33 GMT February 13, 2007 Reply   
Falls in the cost of fuel and air travel pushed the UK annual CPI inflation rate back down to 2.7 pct in January after hitting a decade-high of 3.0 pct in December, figures from the Office for National Statistics showed.
The reading is nevertheless still well above the Bank of England's target of 2.0 pct and is unlikely to derail expectations that UK rate-setters will raise interest rates further after January's surprise hike to 5.25 pct. The annual CPI rate has now been above 2.0 pct for nine months in a row.


Further clues on the interest rate outlook will be revealed when the Bank presents its latest forecasts on inflation and growth in tomorrow's quarterly Inflation Report.


On a month-on-month basis, the figures showed that CPI fell by 0.8 pct from December, against the previous month's 0.6 pct increase and again below analysts' expectations for a fall of 0.6 pct and the biggest fall since July 2001. This is the first time the CPI rate has fallen since July last year.

USA BAY 09:32 GMT February 13, 2007 Reply   
HONG KONG QINDEX,

Where is gbp/usd heading pls. tia

Hong Kong Qindex 09:28 GMT February 13, 2007 Reply   
AUD/JPY : The market is under pressure when it is trading below the moving targeting range of 93.90 - 94.56. The lower barrier at 93.16 // 93.44 is likely to be tackled.

St. Annaland Bob 09:19 GMT February 13, 2007 Reply   

imo, 1.9440 hold the cable's key ... data is near, so we will see

Miami Rg 09:19 GMT February 13, 2007 Reply   
Initially, later will follow to other currencies..

warsaw TOMi 09:16 GMT February 13, 2007 Reply   
wow,thx Bob,am long 9490 for SAR at 9550-80 area or only 9530.,or sell break 9460-40 for 9380.
also long gbpjpy 23650 for another attempt at 23730.

Auckland trotter 09:16 GMT February 13, 2007 Reply   
Auckland trotter 08:44 GMT February 13, 2007
1.2967 also corresponds to the level around the 23.6% fib on the 1 week 3 year chart.

SINGAPORE GFX 09:15 GMT February 13, 2007 Reply   
ST ANNALAND BOB,

What is your bias for gbp/usd, up 250 or down 250. thanks

St. Annaland Bob 09:12 GMT February 13, 2007 Reply   
warsaw TOMi

remember you like trading cable, be aware it holds the tools to generate 250pips range today 1.93-1.97 (we are just in middle 1.95) ... so, trade safe and happily

warsaw TOMi 09:09 GMT February 13, 2007 Reply   
Miami Rg 09:04 GMT February 13, 2007

vs yen?

Gen dk 09:07 GMT February 13, 2007 Reply   
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Auckland trotter 09:06 GMT February 13, 2007 Reply   
Auckland trotter 08:44 GMT February 13, 2007
Should add:

S1 on the weekly pivots is 1.2929.

Miami Rg 09:04 GMT February 13, 2007 Reply   
Means stronger dollar...

Hong Kong Qindex 09:04 GMT February 13, 2007 Reply   
EUR/JPY : The odds are in favor of maintaining a short position when the market is trading below [157.87]. Speculative selling pressure will increase when the market is trading below 157.60. The lower barrier at 156.84 // 157.05 is going to be challenged.

syd 09:02 GMT February 13, 2007 Reply   
North Korea agreed to shut down its nuclear facilities under an accord reached Tuesday at the six-party talks, Kyodo News reported.

Auckland trotter 08:44 GMT February 13, 2007 Reply   
For the EUR/USD I have a resistance level on the 1 hour 30 day chart around 1.3000.

The price is coming down from a resistance level on the 1 day 6 month chart, which is around the 38.2% fib of 1.3037.

The 1 day 6 month chart has a reasonably small current trading range with a slight up bias. But see pressure to the 50% fib on this chart around 1.2930. But will not ignore the level on the 5 minute 5 day chart around 1.2967, which is around the SMA (100).

I also have short term indicators that are over bought.

Will see what happens after the UK market opens.


london av 08:43 GMT February 13, 2007 Reply   
is everyone expecting strong UK CPI number?

madrid mm 08:37 GMT February 13, 2007 Reply   
fwiw

currencytradermagfeb07

Auckland peat 08:27 GMT February 13, 2007 Reply   
1.3000 was the 61.8 fib retracement of y'days push down. shorted there 1.3036 stop

madrid mm 08:20 GMT February 13, 2007 Reply   
fwiw


optiontradermag 0207

Athens MK 08:20 GMT February 13, 2007 Reply   
Bratislava 08:11 GMT February 13, 2007

We look at multiple timeframes and if you don't use this type of analysis for your trading then it can be very confusing....

Try the daily chart and it might help you...

Athens MK 08:17 GMT February 13, 2007 Reply   
SINGAPORE GFX 08:10 GMT February 13, 2007

Hi, I cannot give you advice on what to do. My morning analysis saw the cable trying to touch the retracement level near 1.9550. As it gets closer to that level there will be greater selling pressure as traders are looking for short-term rallies to better their bear positions for a longer-term target in the 1.9380 to 1.9275 levels.

Ideally price action should want to touch around 1.9530 before heading back down... Traders would like to target 1.940+ lows today...

Just a thought....

syd 08:13 GMT February 13, 2007 Reply   
S&P:Sharp Unwinding Of Yen Carry Trade Could Destabilize Mkt

warsaw TOMi 08:13 GMT February 13, 2007 Reply   
looking for 238, possible for today? appreciated comms.

syd 08:13 GMT February 13, 2007 Reply   
The tide of M&A flows appear to have peaked for the GBP at the end of '06. Latest data from Deutsche Bank shows that these flows have started to recede with outflows from the currency last week amounting to $15.97B with Vodafone's purchase of Hutchinson Essar in Hong Kong, FirstGroup's purchase of Laidlaw International in the US and Imperial Tobacco's purchase of Commonwealth Brands, also in the US.

warsaw TOMi 08:12 GMT February 13, 2007 Reply   
anyone, target for gbpjpy please,tx

Ft Lauderdale MrHuckFin 08:11 GMT February 13, 2007 Reply   
O.K. I looked at Oct.9th. I don't get it? What am I looking for?

Bratislava 08:11 GMT February 13, 2007 Reply   
Athens MK 08:07 GMT February 13, 2007
Which TF did you have in mind to look on ?

SINGAPORE GFX 08:10 GMT February 13, 2007 Reply   
ATHENS MK,

I am an intraday trader, would it be wise to go short on gbp/usd at this level. thanks

Athens MK 08:07 GMT February 13, 2007 Reply   
GBP/$: For those that like to trade using pattern recognition as part of their analysis please take a look at the Oct.9 2006 pattern setup on the cable. Apply as needed :)

Napoli DC 08:03 GMT February 13, 2007 Reply   
out of € long @ 1,3
+50

Malaysia 08:03 GMT February 13, 2007 Reply   
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Miami OMIL (/;-> 07:58 GMT February 13, 2007 Reply   
Short term view eur/usd: A long signal for the pip raiders was given once the 2970-80 area was breached but the top side is very limited with heavy resistance until the main resistance is taken out. It is still sell on failed rallies until the main resistance is taken out IMHO. Peace and GT

CA Jhon 07:56 GMT February 13, 2007 Reply   
GBPUSD short at 1.9490 with 1.9420 profit and 1.9550 stop.
1.9320 atrget will be next target.

Miami OMIL (/;-> 07:42 GMT February 13, 2007 Reply   
Short term view eur/usd: Shorts taken have been exited around the 2980-85 area for a small loss as the progress for the bears come slow and without any support. Resistance 2990-3000 and main resistance is around the 3030-40 area. The indicators are now unwinding from the O/S area IMHO. Peace and GT

Bandung Panca 07:31 GMT February 13, 2007 Reply   
my gbp/usd range today 1.9514 - 1.9392 ...gl !

CA Jhon 07:20 GMT February 13, 2007 Reply   
SINGAPORE GFX 05:31 GMT February 13, 20

AUDJPY short is in hourly view .

Athens MK 07:16 GMT February 13, 2007 Reply   
GBP/$: One more point for swing traders. There is a line on our charts at around 1.934+ that has not crossdown since Oct.20th.

Price action has been above this line at the close of the week mid April of 2006. Just gives you an idea that we are at some interesting levels this week....

madrid mm 07:07 GMT February 13, 2007 Reply   
gm fx jedi

Hearing good selling from Japanese mega city banks/ Tokyo, US funds in EUR/JPY, USD/JPY, hitting stoploss below 157.50 to 157.29, USD/JPY below 121.50 to 121.35, as market players joined in the Cross/JPY selling, triggering some unwinding of short JPY carry trades. Talks of selling partly linked to huge US Treasury coupons on Feb 15 - said to be around $27 bln, with Japanese investors likely to repatriate Yen back and thus need to buy JPY.

Also market rumors that BoJ has agreed, behind closed G7 doors, to hike rates - possibly as part of the concerns on carry trades, also supporting JPY.

USD/JPY bids from Japanese importers around 121.20-30, also talks of China, Asian bids, but stops below 121.20/ 121.00. offers coming in at 122.00-10, possibly lowered to 121.60-70.

EUR/USD weighed by EUR/JPY selling, but talks of sovereign bids at 1.29 lows, good Sovereign, European, Asian offers ahead of 1.3000 handle.

GBP/USD eye CPI, after the softer PPI, could be vulnerable to more selloff in GBP/JPY.

AUD/USD weighed by dovish RBA, Costello comments and also more BHP news, this time on interest in $40bln Alcoa of US. Talks of Asian, real money bids ahead of 0.77, but speculation of more options, stoploss at 0.7690. AUD/JPY, NZD/JPY sold as well, with Kiwi recovered from the post PPI dip to 0.6818.

Nikkei +117pts at 17,621, nearing its 6 year highs of 17,633. JGBs lower, weighed by talks of BoJ rate hikes, 10-year yields +0.045% at 1.735%, ahead of next week's BoJ meeting on Feb 20-21.

Asian FX range: USD/JPY 121.35/121.96, EUR/USD 1.2955/1.2970, GBP/USD 1.9461/1.9505, USD/CHF 1.2521/1.2539, AUD/USD 0.7709/0.7738, NZD/USD 0.6818/0.6845.

Athens MK 06:42 GMT February 13, 2007 Reply   
USA BAY 06:36 GMT February 13, 2007

Hi there.. please read my post from yesterday down below: Keep in mind these are swing trades and I just throwing some thoughts out on the forum.


=======================================
Athens MK 10:44 GMT February 12, 2007
GBP/$: Here is a setup scenario that I thought I would throw out into the forum for input:

Looking for the pound to hit two buy areas -
1.9380 which is a strong buy as we have two channels that intersect with their lower channel trendlines at that area.

Wednesday is BOE Quarterly Inflation Report and if the numbers show a need for further tightening then technically cable will be in a good area for the jump back up into the 1.96 area...

Less likely but a possibility nonetheless is at 1.9275 area again is a buy for at least 1.9533 as a strong target with 1.9630 area as a good top....

For those that already bought at 1.946+ area we are at a double bottom that was momentarily pierced. It looks like the earlier rise to the 1.9732-1.9455 38.2% retracement held and signified further weakness in cable. The drop afterwards confirmed and now a test of the bottom is occurring.

At the moment price action is not favor to surpass 1.97+ as weekly charts are showing a bearish momentum but the week has not yet closed. Just something to keep in view.

Now a line in the sand is at 1.9193 area and another at 1.9093. The former is very important to hold otherwise system traders will start to bias their longer-term trades for lower levels.

A strategy one can do for this week is to buy at the above two levels:
1.9350-80
1.9275-85

TP:
1.9533 (1)
1.9630 (2)

Stop-loss is up to your R/R policies etc.....
==========================

Athens MK 06:38 GMT February 13, 2007 Reply   
GBP/$: Another point for daytraders is this observation. On the dealer charts we are showing a divergence...Usually when this happens price action likes to retrace to the first retracement level which is around 1.9550 or the second level around 1.9580 before hitting new lows...

Also todays for resistance for us is at 1.9547 so you have a couple of influences in this area....

Just some thoughts to throw out there ... :)

USA BAY 06:36 GMT February 13, 2007 Reply   
ATHENS MK,

Does that mean it is not wise to go short at current scenario. thanks

SINGAPORE GFX 06:35 GMT February 13, 2007 Reply   
HONG KONG QINDEX,

DR Q, Could you please share your thoughts on aud/jpy pls. tia

Athens MK 06:29 GMT February 13, 2007 Reply   
GBP/$: Just an observation but the market is looking for an excuse to short dollars in a big way.

Take a look at the dollar index. Instead of looking at a bunch of currencies I prefer to use the dollar index to show me how the dollar is faring against a range of currencies.

I won't talk about other currencies for now just on the cable. It is right at an area where if we show dollar weakness then technically the cable is liable to push up at least 500 pips in a week going once more for the 2.0 level. It is in that sweet spot especially if we have it around 1.9380 -1.9275 range. For those that play the swing trade then it is an excellent R/R as 1.9193 and 1.9093 are lines in the sand for this play....

Any input?

Ankara OEE 06:24 GMT February 13, 2007 Reply   
The yen strengthened against all 16 of the most-active currencies .... (Bloomberg)

CT Cris 06:23 GMT February 13, 2007 Reply   
CT Cris 06:14 GMT February 13, 2007
gbp.usd ready to rise till 19510-20 then to dive till 19400.

======
chk the first part of the call if it is correct then act the second part.

CT Cris 06:14 GMT February 13, 2007 Reply   
gbp.usd ready to rise till 19510-20 then to dive till 19400.

syd 06:04 GMT February 13, 2007 Reply   
The Australian dollar continued to languish in Asia Tuesday one day after the Reserve Bank of Australia indicated a shift toward leaving official interest rates on hold for the foreseeable future.

Strength in the U.S. dollar ahead of a much-anticipated congressional testimony by U.S. Federal Reserve Chairman Ben Bernanke Wednesday also pressured the Australian dollar.

Global currency markets are taking bets that Bernanke will pour cold water on the idea that U.S. interest rates will be cut in the near term.

Weaker gold and oil prices also eroded interest in the Australian dollar, which threatened to break below technical support at US$0.7700 during the session, dealers said.

Government bond prices were slightly weaker through the day as investors took profits after solid gains on Monday.

At 0530 GMT, the Australian dollar was trading at US$0.7728, down from US$0.7740 late Monday. It traded as low as US$0.7711. Against the yen, the local currency was trading at Y93.84, down from Y94.405.

The RBA revised lower its medium-term forecast for core inflation in a quarterly policy statement on Monday. It now expects core inflation to fall to 2.75% in 2007 and 2008, down from a forecast of 3.0% in November.

Economists said the RBA had clearly signaled that it was content to keep the official cash rate at 6.25% for now, but it remains watchful for a resurgence in inflation, especially through wages growth.

"Earlier support for the Australian dollar from a reasonable likelihood of an RBA rate hike over coming months has been reduced," said John Kyriakopoulos, senior currency strategist at the National Australia Bank.

Fibonacci-related support at US$0.7700 remains critical for the Australian dollar, he added. There is a risk that momentum sellers will flood the market in the near term.

"The reversal in the Australian dollar is likely triggering momentum based investors to sell it," Kyriakopoulos said.NAB's momentum model for the Australian dollar against both sterling and the Canadian dollar's has already "gone short," he added.

canmore cyclops 06:01 GMT February 13, 2007 Reply   
Cable, (now 1.9490) my gut says i want to be short. Model was short all day till tonight, and now says long. Model for the next few hours will not go short till 1.9460 is broken, and there seems to be a bias on the forum to be short, so perhaps long is the way to go. just my 2 cents

SINGAPORE GFX 05:31 GMT February 13, 2007 Reply   
CA JHON,

What is the time frame for the aud/jpy short. ty

CA Jhon 05:09 GMT February 13, 2007 Reply   
AUDJPY short at 93.80 with 91.50 profit and 95.00 stop
http://finance.groups.yahoo.com/group/eurusd_forecast/

syd 05:09 GMT February 13, 2007 Reply   
Market Underestimating Odds Of Feb BOJ Hike - GS
Goldman Sachs chief Japan economist Tetsufumi Yamakawa still forecasting a BOJ rate hike at next policy board meeting Feb. 20-21 , citing two main factors: BOJ's desire to maintain credibility in conducting monetary policy, and to prevent erosion in intermediate/long-term rate hike expectations. "We believe the rate hike probability in the OIS market (at 33% as of this morning) underestimates the actual probability."

Mumbai NS 04:55 GMT February 13, 2007 Reply   
Dr Q gud mrng to u waiting for ur eur/yen post sir ty in advance.

USA BAY 04:50 GMT February 13, 2007 Reply   
DALLAS GEP,

Thanks Gep. gt/gl

Dallas GEP 04:48 GMT February 13, 2007 Reply   
Data usually provides only a temporary push then the market resumes the path it was on. so if data pushes GBP/USD long then that would be an even better opportunity to short it imo.

USA BAY 04:45 GMT February 13, 2007 Reply   
DALLAS GEP,

Yes you are right, gbp looks set to drop but wonder if it will get any push up by positive data due today. What you feel about it. tia

syd 04:43 GMT February 13, 2007 Reply   
BHP Billiton and Rio Tinto have drawn up plans for a $40 billion (£20.5 billion) takeover of Alcoa, one of the world’s largest aluminium groups, The Times has learnt

Dallas GEP 04:41 GMT February 13, 2007 Reply   
Could be over analysing here, but GBP SHOULD start to short at FASTER rate than EURO which will LONG eur/gbp from this level or close so I am closing eur/gbp shorts here.

Hong Kong Qindex 04:12 GMT February 13, 2007 Reply   
USD/JPY : the market is under pressure when it is trading below the moving targeting range of 121.42 - 122.16. Speculative selling pressure will increase when the market is trading below 121.22. The downside targeting points are 120.15 and 121.00.

Hong Kong Qindex 04:10 GMT February 13, 2007 Reply   
USD/JPY : the market is under pressure when it is trading below the moving targeting range of 121.42 - 121.42. Speculative selling pressure will increase when the market is trading below 121.22. The downside targeting points are 120.15 and 121.00.

Hong Kong Qindex 03:55 GMT February 13, 2007 Reply   
AUD/USD : The market is under pressure when it is trading below the moving targeting range of 0.7689 - 0.7788. A projected barrier is postioning at 0.7735. The downside targeting points are 0.7643 and 0.7674.

Philadelphia Caba 02:48 GMT February 13, 2007 Reply   
yen:
..dealers also note some talk circulating in Tokyo of a possible under-the-table deal at the G7 whereby Japan promised angry
European officials an interest rate hike in February. Conspiracy theorists argue that this may have been a reason behind the lack of mention of JPY in the communique which continued to name China. If the Q4 GDP data due on Thursday does prove to be strong and the BoJ does decide to hike interest rates on the 21st, JPY could see some more buy-backs. It seems the risks associated with these two events over the course of the next week may be enough to force JPY
shorts to again pare down positions. .. ifr

Ankara OEE 02:31 GMT February 13, 2007 Reply   
"JPY, all different client segments selling both USDJPY and EURJPY this Asia morning from model funds to private clients to hedge funds. Market talk of huge US and euro bond redemptions between Feb 14-16 is also spurring the sales" reports a European investment bank..

Ankara OEE 02:27 GMT February 13, 2007 Reply   
Mexican Peso down further .41 and South African Rand .47 against Japanese Yen.

Dallas GEP 02:21 GMT February 13, 2007 Reply   
Usd/jpy shorts still working as well as eur/gbp shorts. Target now on usd/jpy shorts is 121.10 and 6630 on eur/gbp

syd 01:09 GMT February 13, 2007 Reply   
THE FAR EASTERN ECONOMIC REVIEW
The Bank of Thailand's recent botched attempt to control the inflow of foreign funds into the country underlines the institution's perennial distrust of markets and its strong desire to exert control. For many years now the BOT has been in dire need of reform. Last month's fiasco clearly shows that the bank has learned nothing from the disastrous 1997 Asian financial crisis. Furthermore, now that Thailand is under the control of a military junta, it seems probable that the bank will become even more controlling, making the chances of reform more remote than ever. This does not augur well for investors -- either foreign or domestic -- and the prospects for Thailand's economy in the short to medium term look bleak. But perhaps more worrying is that the BOT's adherence to its high interest-rate policy calls into question the political neutrality of the institution. The BOT should have reduced the interest rate in September and early October -- around the time of the coup -- but refused to do so despite clear signs of weakening inflation and a slowing economy. This begs the question of whether the BOT intentionally maintained a high interest rate to keep afloat the stock market and the value of the baht. Moreover, the then BOT Governor Pridiyathorn repeatedly affirmed that the coup, which he praised as "peaceful and popular," had not negatively affected investors' confidence or the prospects of the Thai economy. Noticeably, the person who announced the BOT's "softened" measures in the evening of Dec. 19 was also Mr. Pridiyathorn. He subsequently denied he had intervened with the BOT's decision, claiming that consultation with Ms. Tarisa had been made on the phone.

Porto Genius 00:36 GMT February 13, 2007 Reply   
Porto Genius 16:02 GMT February 12, 2007
Hong Kong Qindex 15:39 GMT February 12, 2007
EUR/USD : The next target is 1.2908

Hi Qindex!
What do you think about aud/usd?
TIA


Dr Q you forgot me....

Gen dk 00:33 GMT February 13, 2007 Reply   
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hong kong seek 00:32 GMT February 13, 2007 Reply   
DR Q , could u share yr view on YEN pls ? many good trades to u

USA BAY 00:19 GMT February 13, 2007 Reply   
HONG KONG QINDEX,

Thanks DR Q. Appreciate it.

Hong Kong Qindex 00:14 GMT February 13, 2007 Reply   
EUR/USD : The market is under pressure when it is trading below 1.2941.

Hong Kong Qindex 00:13 GMT February 13, 2007 Reply   
USA BAY 23:40 GMT - There is no change in view. I guess we can see 1.9405 in the London session.

syd 00:09 GMT February 13, 2007 Reply   
Japan Omi: Want FX Market To Take G7 FX Statement As Is
Japanese Finance Minister Koji Omi said Tuesday that he hopes foreign exchange players will interpret the foreign exchange statement of the Group of Seven financial chiefs as is.

"I want currency players to take the FX-related statement as it is," Omi said at a regular press conference when asked if the G7 FX statement means that current yen rate is too weak.

At the G7 meeting over the weekend, finance ministers said in their statement that Japan's economic recovery is on track, and that market players should understand the implications of this development and incorporate them into their assessment of risks.

Many market players took this to suggest that further yen weakness isn't desirable

 




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We were trading long before there were online brokers. Global-View has been directly involved with the industry since its infancy. We've seen everything and are up-to-data with recent regulatory changes.

Our Best Brokers listing section includes:Forex Broker Reviews, Forex Broker Directory, Forex Broker Comparisons and advice on How to Choose a Forex Broker

If would like guidance, advice, or have any concerns at all ASK US. We are here to help you.

SEE Our Best Brokers List

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