Forex Forum Archive for 04/03/2007

Lth th 23:59 GMT April 3, 2007 Reply   
ACC. I wonder if you may care to reply to a question I posed on the futures forum?

Sydney ACC 23:57 GMT April 3, 2007 Reply   
Prospects strong for a rate rise remaining strong for next month should serve to underpin Aussie, nevertheless it should remian capped at 0.8180 until then. USD strating to show some muscle so AUD should pullback somewhat.
Given the amount of offshore flows into AUD over the last month I'd wait for the response tonight to get a clearer picture.

Toronto WA 23:55 GMT April 3, 2007 Reply   
Short AUD/USD 8072 - target 8025 (for now)

syd 23:53 GMT April 3, 2007 Reply   
Toronto MRC 23:50 me too carry trades will be on guard

Toronto MRC 23:50 GMT April 3, 2007 Reply   
I'm thinking if the BoE hold fast on thursday we will get more US data before RBA and BoE meet again which should take some steam out of gbpjyp and potentially audjpy, with G7 meeting comming up in a little over a week. imho

syd 23:50 GMT April 3, 2007 Reply   
Canberra JD 23:46 on the fall, just have to see how the mood changes, its let some of the aussie bears out the cages now so will be hearing more from them

pittsburgh pa 23:47 GMT April 3, 2007 Reply   
USA BAY

Thanks USA BAY. I had strong signals for that.

Canberra JD 23:46 GMT April 3, 2007 Reply   
Syd, you think there will be any follow through?

hk ab 23:44 GMT April 3, 2007 Reply   
limbo long 8071.

syd 23:43 GMT April 3, 2007 Reply   
Toronto MRC 23:40 like i said the RBA were not concerned as they hold the cards.

Philadelphia Caba 23:43 GMT April 3, 2007 Reply   
strong sup at .8000 now..

syd 23:42 GMT April 3, 2007 Reply   
Aussie strongly overbought possibly in a directional change of momentum. a drop will give the added risk of turning into a major decline, with break of 8025 increasing the odds confirming the view.

Toronto MRC 23:40 GMT April 3, 2007 Reply   
syd 23:36 GMT April 3, 2007

So we will have to wait for a better read on the motivations behind the decision. I was curious as to what roll the high aussie dollar played on the decision. Thanks anyways Syd.

Canberra JD 23:38 GMT April 3, 2007 Reply   
I am looking for 8030 still. However want more info on the rates.

hk ab 23:38 GMT April 3, 2007 Reply   
I thought eu/ch will have broken 1.63 long from the action last night...
now e.j refuses high, the rest is a guess.

Lth th 23:37 GMT April 3, 2007 Reply   
MRC. No Increase = No Statement!

syd 23:36 GMT April 3, 2007 Reply   
Toronto MRC nothing yet they dont normally

USA BAY 23:36 GMT April 3, 2007 Reply   
PITTSBURG PA,

Congrats 234.28 hit

Canberra JD 23:35 GMT April 3, 2007 Reply   
Still not sure about the pullback

hk ab 23:35 GMT April 3, 2007 Reply   
a brief dive to 8050 and then, climb the wall again....

oilman, congratulation, finally this aud moves..

syd 23:35 GMT April 3, 2007 Reply   
Philadelphia Caba 23:30 good call :-))

Toronto MRC 23:34 GMT April 3, 2007 Reply   
Syd Do you have the statement? Does it now sound like a May hike?

USA BAY 23:34 GMT April 3, 2007 Reply   
CANBERRA JD,

Whats your target for aud/usd and nzd/usd now. tia

syd 23:34 GMT April 3, 2007 Reply   
Toronto MRC
Syd. thats what I meant yesterday , it knows how to hit the fan

Canberra JD 23:33 GMT April 3, 2007 Reply   
Was about to say, so there is a god.

Toronto MRC 23:31 GMT April 3, 2007 Reply   
Syd 23:30 GMT April 3, 2007
Australia's RBA Keeps Cash Steady Rate At 6.25

Thank God!!!

Philadelphia Caba 23:30 GMT April 3, 2007 Reply   
RBA Leaves Cash Rate Unchanged At 6.25%

Syd 23:30 GMT April 3, 2007 Reply   
Australia's RBA Keeps Cash Steady Rate At 6.25

jkt-aye 23:19 GMT April 3, 2007 Reply   
jkt-aye 19:50 GMT April 3, 2007
closed eurjpy position at 158.56.
open short usjy 118.93.
=================

this one closed for a cup of coffee. :)

OTTAWA mjw 23:14 GMT April 3, 2007 Reply   
GENEVA DS

thinking that maybe there was a load of stop lose buy orders at 188.50 area, helped push it up , maybe a short term top in.... just wondering ... thanks for input...

Syd 23:09 GMT April 3, 2007 Reply   
Double whammy could send house prices plunging
LINK

Syd 23:08 GMT April 3, 2007 Reply   
Rising house prices leave families with a fortune in bricks and mortar
http://www.dailymail.co.uk/pages/live/articles/news/news.html?in_article_id=446544&in_page_id=1770

pittsburgh pa 23:06 GMT April 3, 2007 Reply   
USA BAY

Hit my 2nd target in GBP/JPY @ 234.38 now looking for last on @ 234.28

ABHA FXS 23:00 GMT April 3, 2007 Reply   
LONG AUDUSD AT 0.8123
STOP 0.8025
TARGET 0.8250/0.8320

Syd 22:55 GMT April 3, 2007 Reply   
Carry Trades May Slacken Pre-G7 - BBH

While FX carry trades may draw attention as market prepares for long Easter break, G7/IMF meetings slated for end of next week may see interest slacken after holiday, says Brown Brothers Harriman. "Pundits will quickly ask what the G7/IMF have done recently and as far as new initiatives in the currency markets go, little fresh action has been seen"; still, market knows too well it need not take actions to stir market - "remember last April when the G7/IMF seemed to argue currencies needed to do more to correct the global imbalances. Remember the volatility that ensued?" Adds in February, before G7 last met, expressions of concern about yen weakness helped trigger significant, though brief, market moves; "the G7 cautioned not to view the yen as a one-way bet. Given foreign investors bought about 60 billion dollars worth of Japanese assets this year, the G7 needs to fine tune its message, if it really has one, to be more meaningful to the market

Gen dk 22:51 GMT April 3, 2007 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

USA BAY 22:48 GMT April 3, 2007 Reply   
PITTSBURG PA,

Great, good luck. thanks

pittsburgh pa 22:46 GMT April 3, 2007 Reply   
USA BAY

I had 3 targets in the GBP/JPY 1st 234.48, 2nd 234.38 and 3rd 234.28. I hit my first ..still waiting on the others
.

USA BAY 22:37 GMT April 3, 2007 Reply   
PITTSBURG PA,

Your tp 234.28 seems too soon for gbp/jpy, why 234.28. tia

USA BAY 22:35 GMT April 3, 2007 Reply   
THANKS FM AND PITTSBURG. Shall wait and see. thanks

pittsburgh pa 22:32 GMT April 3, 2007 Reply   
Typeo

USA BAY

Im in short GBP/JPY @ 234.66 Target 234.28. That has been my signal for the las few hours.

pittsburgh pa 22:31 GMT April 3, 2007 Reply   
USA BAY

Im in short GBP/JPY @ 264.66 Target 234.28. That has been my signal for the las few hours.

Lahore FM 22:29 GMT April 3, 2007 Reply   
USA BAY 22:25 GMT April 3, 2007
Any view on long gbp/jpy at 234.70, tp 236.20. tia
--------
quite the opposite view at this time Bay.see 232.80 over 2 to 3 days.it is an interesting time to see differing views.

USA BAY 22:25 GMT April 3, 2007 Reply   
Any view on long gbp/jpy at 234.70, tp 236.20. tia

Lahore FM 22:22 GMT April 3, 2007 Reply   
GENEVA DS 22:01 GMT April 3, 2007
like the conviction there DS.it might take longer than pre easter trading.can be delayed indefinitely too.

USA BAY 22:17 GMT April 3, 2007 Reply   
THANKS SYD. Appreciate it. Hope RBA does not increase.

Syd 22:15 GMT April 3, 2007 Reply   
USA BAY, good day , I will post anything comes along


Australian Dlr Technically Overbought - Suncorp

AUD/USD eases overnight, leaving it trading in 0.8125 area of a week ago, and looks likely to ease further regardless of RBA decision this morning, says Peter Pontikis, currency strategist at Suncorp Metway. At over 0.8160, AUD/USD looks technically overbought and due for retracement down to sub-0.8100 level. Dip could well extend beyond that, possibly as far as March 0.7960 lows.

USA Zeus 22:14 GMT April 3, 2007 Reply   
Brisbane nick 22:06 GMT April 3, 2007

Nick- GET does have a few useful tools but I prefer the more open platforms i.e. E-signal, TradeStation, Metastock, MetaTrader etc. What I use now is a custom application with an API for the feed. Hope that helps a bit.

USA BAY 22:10 GMT April 3, 2007 Reply   
SYD,

Anything on nzd/jpy, seems next target as 87ish. tia

Brisbane nick 22:06 GMT April 3, 2007 Reply   
USA Zeus 21:54 GMT April 3, 2007
thanks for the explanation Zeus
which software/system do you use? TIA

Syd 22:06 GMT April 3, 2007 Reply   
AUD, NZD Won't Gain Much Even If RBA Hikes- ANZ

NZD/USD, AUD/USD unlikely to gain much even if RBA hikes by 25 bps to 6.50% at review due 2330 GMT, says ANZ Bank, with market currently "very long AUD". If RBA doesn't hike, AUD should "easily fall through support at 0.8110", while NZD will likely test support at 0.7150. Adds that despite a couple of small Uridashi issuances overnight, yesterday's push above 0.7200 on re-entry into carry trade positions "built on thin ice" with selling interest at 0.7250 capping topside for now. Expects Kiwi to test support at 0.7170 even if RBA hikes, with 0.7150-0.7120 range eyed for local session. Pair last 0.7198, AUD/USD 0.8131

GENEVA DS 22:01 GMT April 3, 2007 Reply   
USDJPY and USDCHF seems already to be oversold in short term charts... loads of Stop loss buy orders all over the place 119 , 120 ish... and in USDCHF 12300 till 12550... watch this pre easter rally...

USA Zeus 21:54 GMT April 3, 2007 Reply   
Advanced GET is fabulous at curve fitting historical data into neat 1-5's ABC's etc. Just wait until it give you a major wave 3 or 5 buy signal so you take the trade then as the data unfolds your signal vanishes to fit a different count but your position remains...

Brisbane nick 21:49 GMT April 3, 2007 Reply   
ABHA FXS 17:35 GMT April 3, 2007
Toronto YV, thanks i found it,...
re: GET
which compatible data did you find and the cost? TIA

london av 21:10 GMT April 3, 2007 Reply   
any viewson nzd/usd. do we break 7190 for a move down?

Auckland peat 20:50 GMT April 3, 2007 Reply   
RBNZ effective
Bollard's pressure sees banks raise fixed rates
http://www.nzherald.co.nz/section/3/story.cfm?c_id=3&objectid=10432447

GVI john 20:45 GMT April 3, 2007 Reply   
Into RBA later...

GVI john 20:41 GMT April 3, 2007 Reply   
GVI Calendar of selected key economic data, central bank meetings, etc....

GVI john 20:39 GMT April 3, 2007 Reply   
Daily Forex Charts...
EUR/USD USD/JPY USD/CHF GBP/USD EUR/GBP EUR/JPY
EUR/CHF AUD/USD GBP/JPY GBP/CHF USD/CAD CHF/JPY

Access accurate and free GVI

	EUR/USD	USD/JPY	USD/CHF	GBP/USD	USD/CAD	AUD/USD	EUR/JPY
1900GMT	1.3331	118.88	1.2222	1.9747	1.1591	0.8127	158.48
High	1.3382	118.93	1.2233	1.9824	1.1599	0.8173	158.85
Low	1.3319	117.73	1.2147	1.9730	1.1550	0.8114	157.36
04/03/2007							
Simple mva	basis =>	04/03/2007					
5 day 	1.3339	117.86	1.2170	1.9688	1.1573	0.8100	157.22
10 day	1.3338	117.91	1.2157	1.9674	1.1580	0.8089	157.27
20 day 	1.3279	117.52	1.2171	1.9523	1.1661	0.7982	156.06
50 day 	1.3153	119.06	1.2299	1.9549	1.1705	0.7876	156.58
100 day	1.3121	118.66	1.2267	1.9540	1.1643	0.7857	155.69
200 day	1.2923	117.79	1.2349	1.9161	1.1442	0.7718	152.24

Toronto MRC 20:34 GMT April 3, 2007 Reply   
RIC fxq 19:51 GMT April 3, 2007
pittsburgh pa 18:10

doesn't look great at the moment but then I've been short USDJPY from 11870 lol

At least your not short audjpy average 96.21 getting close to stopping out. lol

RIC fxq 19:51 GMT April 3, 2007 Reply   
pittsburgh pa 18:10

doesn't look great at the moment but then I've been short USDJPY from 11870 lol

jkt-aye 19:50 GMT April 3, 2007 Reply   
closed eurjpy position at 158.56.
open short usjy 118.93.

jkt-aye 18:20 GMT April 3, 2007 Reply   
jkt-aye 15:41 GMT April 3, 2007
take short eurjpy 158.76 for 157.95 stop (mind) on break of 159
=============

squared half at 158.43. stop the rest at b/e.
football timeeee ........

pittsburgh pa 18:10 GMT April 3, 2007 Reply   
Sold GBP/JPY @ 234.64 Limit @ 234.28 Any thoughts?

USA BAY 18:07 GMT April 3, 2007 Reply   
17:58 USD/JPY: Pressing Highs as US Bond Yields Rally San Francisco, April 3. USD/JPY is again pressing session highs around 118.89 with impetus from the triple digit gains in the DJIA coupled with the rise in US bond yields. US ten- year bonds have touched 4.67%, just shy of March highs of 4.672% and helping to bolster the USD. The last time yields were this high in February is when USD/JPY was trading above 120.00. USD/JPY is attempting to trigger barrier options at 118.95 and 119.00, which if breached target gains to 119.50. Rhonda.Staskow

NYC beyond_destiny 18:05 GMT April 3, 2007 Reply   
what's the trigger of sharp move of us$

usdyen is capped at 118.9 and eur is down...add more short of euryen at 8.35

Gen dk 18:02 GMT April 3, 2007 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

dc CB 17:48 GMT April 3, 2007 Reply   
This is a determined market...unfazed, not like last week. this on the wires.

13:43 Follow-up: Multiple shots fired inside CNN building in Atlanta, according to CNN
Woman wounded; suspect in police custody. Shooting happened near OMNI Hotel, attached to CNN ctr. (See 13:40 comment)

13:40 CNN newsroom evacuated-Bloomberg

PAR 17:38 GMT April 3, 2007 Reply   
Toyota US march car sales up 12 % , helped by weak yen .

ABHA FXS 17:35 GMT April 3, 2007 Reply   
Toronto YV, thanks i found it,...

dc CB 17:32 GMT April 3, 2007 Reply   
fyi
Dow and S&P cash just took out the March swing high

Toronto YV 17:29 GMT April 3, 2007 Reply   
ABHA FXS 17:02 , help forum .

USA BAY 17:26 GMT April 3, 2007 Reply   
16:51 NZD/USD: Kiwi Losing Traction; Approaching Overnight Lows San Francisco, April 3. NZD/USD is easing this afternoon, dropping to 0.7193/03 and approaching the overnight lows of 0.7192. Despite the retreat, there is little enthusiasm amongst the traders for this move lower and they see little behind the flow. The NZD has lost ground on the crosses too with NZD/JPY at 85.50, down from 85.70 this morning with AUD/NZD recovering to 1.1295 from 1.1270/75 earlier today. Some USD strength is seen weighing on NZD with triple digit gains on the DJIA today and with US bond yields firmer over the session but carry trade demand continues to offset some of the impact of more positive USD fundamentals. 0.7175 is support followed by 0.7160. Rhonda.Staskow

USA BAY 17:24 GMT April 3, 2007 Reply   
17:04 USD/JPY: Off Highs But Still Bid; Option Demand Noted San Francisco, April 3. USD/JPY remains bid at 118.83 but off session highs and trader interest remains lethargic at best. NY names including investment houses and banks as well as custodial names have all been good buyers in the move up to 118.87. There is unconfirmed talk of demand for a string of topside USD/JPY option strikes for one year or longer though so far, the demand has not been reflected in option prices. Dealers are cautious though wondering if the market is now betting on JPY weakness accelerating beyond the current target of 120.00 particularly with BOJ rate hike intentions seen on hiatus until after the Japanese Upper House elections in July. Offers and option protection remain ahead of 119.00 with stops above. Rhonda.Staskow

USA BAY 17:24 GMT April 3, 2007 Reply   
15:28 EUR/JPY: Yield Spreads Fuelling Cross San Francisco, April 3. Fresh new fiscal year investment trust launches continues to fuel JPY cross demand with a widening EUR bund yield spread to JGBs also underpinning EUR/JPY. The two-year spread is at 322 bp today, up from 314 bp a week ago, 301 bp a month ago and 257 bp a year ago. Expectations that the BOJ could keep rates steady until August or September is helping to fuel carry trade demand with another rate rise by the ECB likely over that period. The cross is at 158.75/80 with a high of 158.85 seen so far. There remain offers ahead of 159.00 including reports of option defense of 159.00 with more barrier options at 160.00. A break higher in USD/JPY above 119.00 would easily fuel a similar rally in EUR/JPY through 159.00. Some analysts are now forecasting gains in the cross above 160.00 to 163.00. Rhonda.Staskow

NYC beyond_destiny 17:18 GMT April 3, 2007 Reply   
Add one last short of euryen at 158.8 ...move all stops to 159 ...That's it for bulls...Will see how much downside through the rest of the week.

USA BAY 17:16 GMT April 3, 2007 Reply   
AUCKLAND PEAT,

I am still short kiwi, added more at 0.7235. Hope it breaks 0.7190.

Canberra JD 17:16 GMT April 3, 2007 Reply   
Should this be the end of the aud nzd run for now, the nzd has a very good reversal pattern, however its stuck in it for now. Should my swing on nzd/usd signal hold true
we could be in for a 200-500 pip ride down.. but in this thin market, anything is possible.

Auckland peat 17:12 GMT April 3, 2007 Reply   
JD , I'm thinking similar for Kiwi. Esp if it breaks 7190

madrid mm 17:11 GMT April 3, 2007 Reply   
PAR 16:34 GMT April 3, 2007

And Beyrou wants to cancel ENA !! Plus Sarkozy will take TGV speed like decisions lol

madrid mm 17:09 GMT April 3, 2007 Reply   
no worries 8-)

Canberra JD 17:07 GMT April 3, 2007 Reply   
I believe that the 8180 cap will hold strong. I have my stops above that, with most of the markets i believe. With small targets. The 8210 level will be another one to watch out for should we go up. Remembering that the market has priced in a raise already with 79% chance being the prediction. The AUD is very overvalued right now, and has had little/no retracement from the 7600 levels..

I want short targets 7985 7960 7910 7900 but I have my first target at 8030.. I don't believe in a move down then a bounce up. I would say it will be 2-3 days of profit taking in my eyes.

GVI Forex Trading Tools 17:07 GMT April 3, 2007 Reply   
GVI Calendar of selected key economic data, central bank meetings, etc....

London NYAM 17:06 GMT April 3, 2007 Reply   
PAR 16:34 GMT April 3, 2007
A Sarkozy victory will put pressure on ECB develop a european monetary policy aimed at international competition .

what does that mean PAR? That he will challenge economic monetary policy with what kind of result?

USA BAY 17:03 GMT April 3, 2007 Reply   
THANKS MM

ABHA FXS 17:02 GMT April 3, 2007 Reply   
Toronto YV 16:54 GMT April 3, 2007
yes toronto (end of day) thanks

USA BAY 17:01 GMT April 3, 2007 Reply   
CANBERRA JD,

If rba raises, then whats the target for aud/usd, tia

madrid mm 17:01 GMT April 3, 2007 Reply   
madrid mm 06:10 GMT April 3, 2007

.../... Canadian FinMin Flaherty says yen could be a topic for discussion at G7, scheduled for Friday April 13th in Washington.

3 april 23:30 GMT Australia RBA Rate Decision

5 april 11:00gmt United Kingdom Bank of England Rate Decision

hk ab 17:00 GMT April 3, 2007 Reply   
IF there's a strong dive on aud tomorrow, it will be followed by a strong bounce in the next 5 mins.

place a small long limit at 8050 / 8030 might do.

Canberra JD 16:58 GMT April 3, 2007 Reply   
Any last comments on aud/usd ahead of the RBA decision? My bet is for 0.8000 and below.. However I have some stop orders on the upside waiting for the spike should it coem to that.

Your opinions please? thanks.

USA BAY 16:55 GMT April 3, 2007 Reply   
What time is RBA and BOE RATE decision pls. tia

london pw 16:54 GMT April 3, 2007 Reply   
anybody know the date for G7?

Toronto YV 16:54 GMT April 3, 2007 Reply   
ABHA FXS , I know what AdvancedGET is , to help You with data I need to know what data You need for EOD(end of day) or RT(real time) version ?

Sofia mik 16:54 GMT April 3, 2007 Reply   
USA BAY
.. sorry ,no trade aud and his crosses.
glgt

ABHA FXS 16:47 GMT April 3, 2007 Reply   
Toronto YV 16:42 GMT
it is free download ,
look for this link http://www.advancedget.com
progrming pric $3,995
you can use it for forex ,

USA BAY 16:47 GMT April 3, 2007 Reply   
MELBOURNE QINDEX,

Can I have your view on gbp/jpy and aud/jpy please. thanks

Chicago KF 16:46 GMT April 3, 2007 Reply   
I'm new to trading the futures market and i've been researching different trading programs, Secrets of Traders, LBR, DTI, etc. does anyone have insight as to which is better for a novice?
Thanks

USA BAY 16:44 GMT April 3, 2007 Reply   
SOFIA MIK,

What do you think of aud/jpy 99.60 as the next target. thanks

Toronto YV 16:42 GMT April 3, 2007 Reply   
ABHA FXS ,

What AdvancedGET You sre using ? EOD or RT.

Sofia mik 16:37 GMT April 3, 2007 Reply   
USA BAY 16:28
I think gbp/jpy have some road upside but I personaly no go long.prefer to wait , if when euro/jpy , gbp/jpy reach /160.20-50- euro jpy next high/- & 238,90-239,10-30 to go short.
Imho ,gl/gt

RIC fxq 16:37 GMT April 3, 2007 Reply   
Sofia mik 16:22 GMT

mik, the focus is Yen crosses but USDCHF has been pushing slowly but steadily higher as well.

ABHA FXS 16:36 GMT April 3, 2007 Reply   
program Advanced GET
this link for download..Advanced GET Elliott Wave
http://www.4shared.com/dir/2155721/f...c/sharing.html
but i need forex data for download..pls help

PAR 16:34 GMT April 3, 2007 Reply   
A Sarkozy victory will put pressure on ECB develop a european monetary policy aimed at international competition .

London NYAM 16:29 GMT April 3, 2007 Reply   
CB I hope its not like PAR's 14:04 Mar 30 since its now breaking out of its channel!

USA BAY 16:28 GMT April 3, 2007 Reply   
SOFIA MIK,

Is gbp/jpy a buy here for 236.xx area. thanks

Sofia mik 16:22 GMT April 3, 2007 Reply   
hk ab

all xxx/chf are notihing important last 3-4 years.

dc CB 16:12 GMT April 3, 2007 Reply   
USD/JPY...I find myself on the other side of Lahore, having entered Sunday after Tankan, but using futures, and agreeing with PAR.

looking for a return to pre-repat area...looking at JY index chart.

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

hk ab 16:04 GMT April 3, 2007 Reply   
strangely no people mention eurchf has made a 8 year high.....

London NYAM 15:54 GMT April 3, 2007 Reply   
top of the range now at 118.86

London NYAM 15:51 GMT April 3, 2007 Reply   
Need a confirmed tredn line break on the min bar. Its walking up the trend line. a confirmed break signals likely top in place. And a move above probably presages final leg up. Work it.

Chennai Hari 15:49 GMT April 3, 2007 Reply   
Where is USD/JPY heading to.I would like to know what is the outlook for this pair as I have it at 118.60 with a s/l at 119.60.Thank you

dc CB 15:45 GMT April 3, 2007 Reply   
Vienna GD 15:29 GMT April 3, 2007
dc CB 15:07 GMT April 3, 2007
Nothing else to be said! Except silver leads the way.


woops, my dyslexic memory got it a bit backwards. It's supposed to happen on April 6 at 4AM. So there's still time to reverse later this week.

jkt-aye 15:41 GMT April 3, 2007 Reply   
take short eurjpy 158.76 for 157.95 stop (mind) on break of 159.

hk ab 15:37 GMT April 3, 2007 Reply   
eurchf and gold move are just telling 1 side must be lying...

UK Alex 15:30 GMT April 3, 2007 Reply   
ab// Foreign currency denominated investment trusts, haven't heard of any more flows from pension funds.

CT Cris 15:30 GMT April 3, 2007 Reply   
NYC beyond_destiny 13:08 GMT April 3, 2007
Lahore FM 12:50 GMT April 3, 2007

thank you...I short euryen @ 158.1/158.55/158.8 t/p 156ish... all stop 159.15

lugano fc 12:49 GMT April 3, 2007
2. short usdjpy limit @118.95 if done stop 119.60 for all.

will add at same level gbpjpy and eurjpy shorts....

Lahore FM 12:39 GMT April 3, 2007
short usdjpy at 118.46 and 118.78.
============
most traders applying Cris style in trading.

Vienna GD 15:29 GMT April 3, 2007 Reply   
dc CB 15:07 GMT April 3, 2007
Nothing else to be said! Except silver leads the way.

hk ab 15:26 GMT April 3, 2007 Reply   
There are not any alert on the carry again.
wonder what Athen thinks when dlr/jpy retreated to 120 again. Shall we retake?

PAR 15:23 GMT April 3, 2007 Reply   
Imho big stops in USDJPY above 119.00, above 120.00 and above 122.00.

RIC fxq 15:20 GMT April 3, 2007 Reply   
madrid mm 15:14 GMT

... and that I guess is decided $-ve. LoL

London NYAM 15:17 GMT April 3, 2007 Reply   
Just wanted to let people know that I had finished the first PARt of my study on PARfect signals in Forum posting. Don't take it too seriously k!

madrid mm 15:14 GMT April 3, 2007 Reply   
The English Premiership, as it's also known, is the most popular league in the world's most followed sport. Every week from August through May, the Premier League's games are watched by 76 million people in 190 countries, according to data compiled by the league.Bloomberg

dc CB 15:07 GMT April 3, 2007 Reply   
what I find amusing about this market is - last week stox were crashing in part because of a DEBKA report that April 4 would be the pre dawn start of a war between the US and Iran. Well that's a little over 12 hours away??

Macau Sofia 15:02 GMT April 3, 2007 Reply   
GBP/YEN, little resistance to reach 236.66.

UK Alex 14:40 GMT April 3, 2007 Reply   
BBC: US President George Bush says there should be 'no quid pro quos' with Iran.

RIC fxq 14:38 GMT April 3, 2007 Reply   
dc CB 14:27

bear in mind the bond market will close at 1030 EDT, separation of secular from religious holiday so with banks/fed open bond mkt is in a tough position

UK Alex 14:29 GMT April 3, 2007 Reply   
Zeus// I see your point. ADP is unlikely to cause a jolt on Wednesday, but I suppose some may use it as a yardstick for Friday's payrolls. ISM Services is the key report and it has the potential to cause a sell-off in equity markets if the outlook for growth weakens again.

dc CB 14:27 GMT April 3, 2007 Reply   
FYI. the bizzaro trading session in the US friday, as shown in the CME schedule. (from CME website - times are Chicago for Eastern time add 1 hour)

Commodity futures, equity index products, housing options, GSCI® and weather options products traded on Exchange trading floors are closed. Interest rate and FX products traded on Exchange trading floors will close at 10:00 a.m.

Equity index products traded on CME Globex will close at 8:15 a.m. Interest rate, FX and housing products traded on CME Globex will close at 10:15 a.m.

USA Zeus 14:16 GMT April 3, 2007 Reply   
My point is that with Fri being a holiday I anticipate ADP And other events as the focus. In the end it is only a "guess" as NYC wouuld point out. LOL

Bodrum OEE 14:06 GMT April 3, 2007 Reply   
United States House Speaker Nancy Pelosi is in Syria, leading a congressional delegation on a trip that the White House has said could send the wrong signal to a state it says sponsors terrorists.

Pelosi, who was met at Damascus airport by Syria's foreign minister, is the highest-ranking American politician to visit Syria since relations began to deteriorate in 2003.

Pelosi, a Democrat from California is scheduled to meet President Bashar Assad and other Syrian officials on Wednesday.

Earlier Tuesday, Pelosi held talks with Mahmoud Abbas in his headquarters in the West Bank city of Ramallah, where the Palestinian president told her he wanted to use his meetings with the Israeli prime minister as an avenue for restarting peace talks.

Associated Press

http://news.yahoo.com/s/ap/20070403/ap_on_re_mi_ea/mideast_pelosi

dc CB 14:03 GMT April 3, 2007 Reply   
Pending Home Sales +0.7% vs -0.3% Bloomberg consensus.

PAR 13:58 GMT April 3, 2007 Reply   
Yen is viewed as risk indicator and with, Iran -UK situation almost solved, the situation in Iraq under control , investors start the new qt with borrowing yen and buying high yielding currencies, stocks and commodities .

UK Alex 13:57 GMT April 3, 2007 Reply   
I would pay more attention to ISM Services myself. Each to their own.

USA Zeus 13:56 GMT April 3, 2007 Reply   
Well have a moment here at the airport. Still think Wed will be the day of the week depending on ADP. Any surprise could cause a big reaction. This along with other key events could create a traders day in paradise.

NYC 13:51 GMT April 3, 2007 Reply   
lugano, that was not meant as a criticism but constructive feedback

lugano fc 13:40 GMT April 3, 2007 Reply   
NYC 13:33 GMT April 3, 2007

sorry....think that nobody knows what they are doing really...

NYC 13:33 GMT April 3, 2007 Reply   
lugano, it sounds like you are guessing but you are coming across as you have specific information. This can be misleading.

RIC fxq 13:32 GMT April 3, 2007 Reply   
lugano fc 13:30

i think that kampo has lots more money to throw into whatever they wish that all the little minnows on ff put together and multiplied by several thousand

lugano fc 13:30 GMT April 3, 2007 Reply   
there is somebody here always talking about this kampo....

think that if all the world is selling usd...kampo is surely not buying so be carefull with shorts jpy...

NYC 13:27 GMT April 3, 2007 Reply   
lugano, what does that mean?

lugano fc 13:16 GMT April 3, 2007 Reply   
kampo almost finished to sell usd.....rest maybie sold by hitting stops around 115.90

NYC beyond_destiny 13:08 GMT April 3, 2007 Reply   
Lahore FM 12:50 GMT April 3, 2007

thank you...I short euryen @ 158.1/158.55/158.8 t/p 156ish... all stop 159.15

London NYAM 12:53 GMT April 3, 2007 Reply   
Going to need NY to send it up the target zone. Eye on equities.

Lahore FM 12:50 GMT April 3, 2007 Reply   
NYC beyond_destiny 12:43 GMT April 3, 2007

116 handle.will see it through rest of the week.

lugano fc 12:49 GMT April 3, 2007 Reply   
2. short usdjpy limit @118.95 if done stop 119.60 for all.

will add at same level gbpjpy and eurjpy shorts....

RIC fxq 12:49 GMT April 3, 2007 Reply   
Livingston nh 12:36

as I said, a gunslingers picnic :)

London NYAM 12:46 GMT April 3, 2007 Reply   
Limit sell at 119.10

NYC beyond_destiny 12:43 GMT April 3, 2007 Reply   
Lahore FM 12:39 GMT April 3, 2007

Any t/p target of your usdyen short? TIA

Lahore FM 12:39 GMT April 3, 2007 Reply   
short usdjpy at 118.46 and 118.78.

Livingston nh 12:36 GMT April 3, 2007 Reply   
fxq - the last time NFP was released on Good Friday there were fireworx and a smashing good time

RIC fxq 12:31 GMT April 3, 2007 Reply   
lugano fc 12:09 GMT

friday will be a very minimally active day in NY. bond mkt open because it is nota federal holiday but the bond mkt will only be open from 0815 to 1030 EDT so expect only the barest amt of fx interest from tha quarter. it could be a "gunslingers" picnic if the fundies/prop traders do show up.

Sofia mik 12:28 GMT April 3, 2007 Reply   
looks like eur/jpy is going to new high 160.20-50

USA Zeus 12:26 GMT April 3, 2007 Reply   
Domo arigato to the yen desk and their hustle today.
Out for now. tchau -Z-

lugano fc 12:09 GMT April 3, 2007 Reply   
GENEVA DS 10:00 GMT April 3, 2007

exacatly what they wanted....good time to start long jpy and swiss. remember friday word is closed but not US....so be prepared for a eastern gift from them....

GVI Forex Trading Tools 12:03 GMT April 3, 2007 Reply   
GVI Calendar of selected key economic data, central bank meetings, etc....

GVI Forex Database 11:59 GMT April 3, 2007 Reply   
Daily Forex Charts...
EUR/USD USD/JPY USD/CHF GBP/USD EUR/GBP EUR/JPY
EUR/CHF AUD/USD GBP/JPY GBP/CHF USD/CAD CHF/JPY

Access accurate and free GVI

	EUR/USD	USD/JPY	USD/CHF	GBP/USD	USD/CAD	AUD/USD	EUR/JPY
1900GMT	1.3364	117.79	1.2148	1.9783	1.1562	0.8164	157.41
High	1.3384	118.08	1.2174	1.9800	1.1571	0.8181	157.65
Low	1.3332	117.40	1.2120	1.9665	1.1514	0.8084	156.95
04/02/2007							
Simple mva	basis =>	04/02/2007					
5 day 	1.3343	117.66	1.2153	1.9671	1.1570	0.8092	157.00
10 day	1.3336	117.74	1.2147	1.9660	1.1582	0.8079	157.02
20 day 	1.3268	117.41	1.2172	1.9501	1.1670	0.7963	155.79
50 day 	1.3146	119.11	1.2303	1.9550	1.1710	0.7872	156.58
100 day	1.3116	118.66	1.2270	1.9531	1.1642	0.7853	155.62
200 day	1.2920	117.77	1.2350	1.9154	1.1440	0.7714	152.17

Gen dk 11:54 GMT April 3, 2007 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Ldn 10:54 GMT April 3, 2007 Reply   
Credit Ratings Agency Standard & Poor's Corp.

Signs of stress are emerging in the U.K.'s subprime home loan sector, while higher interest rates are likely to slow house price growth in the latter part of this yearS&P said the extent of the problems in what it termed the U.K.'s "non-conforming" mortgage market weren't as severe as those in the U.S. at present. "Nevertheless, overall arrears and repossession rates in the U.K. non-conforming sector are on the increase," the report said. "Looking forward, we expect a continued slow deterioration in arrears in the short term, as recent rate rises work their way through." Jitters about the U.S. subprime mortgage market, alongside slowing growth in the world's largest economy, have caused substantial volatility in global financial markets in recent weeks. The U.K. housing market, where prices have risen consistently for a decade or more, has been closely watched for any signs of similar problems at its margins. "We would expect house price growth and mortgage lending to decelerate more markedly from the second half of the year," S&P said, adding that its outlook for the U.K. housing market is "cautious."
S&P's comments on the U.K. formed part of an overall review of the residential housing sector in Europe. The agency said house prices across Europe have started to cool as a result of central bank rate hikes over the past year to 18 months. But it added that strong economic conditions across the continent would mean housing markets "will largely avoid a hard landing." But S&P warned that the impact of a downturn in the Spanish housing market could have severe consequences for the country's economy because of the large share of gross domestic product contributed by the construction sector. "A market downturn, rather than a slowdown, precipitated by high interest rates would present serious risks for the Spanish economy as a whole," S&P said. "We consider the red-hot and unbalanced construction sector to be a major risk to the economy as a whole."
censored

Melbourne Qindex 10:38 GMT April 3, 2007 Reply   
GBP/USD : The projected series of my monthly cycle charts indicate that the market is working on the barrier at 1.9745 // 1.9873. Speculative selling pressure will increase when the market is trading below 1.9698. If the market retreats and penetrates through the level at 1.9405 - 1.9409, it will head for [1.9234].

Ldn 10:30 GMT April 3, 2007 Reply   
G7 May Warn Vs Yen-Carry Trades Again

Sakakibara said that while G7 representatives may skirt around the yen's value, they will likely repeat their warning made in February about yen-carry trades, a risky investment strategy that many analysts blame for the yen's persistent weakness.

"The markets are continuing carry trades," he said. "There's no question that the yen is abnormally weak."

For example, the euro's "fair value" against the yen is Y110.00 to Y115.00 based on Japan's trade competitiveness and other factors, said Sakakibara. That is well below the common European currency's current level of Y158.34.

As for the dollar-yen exchange rate, he said that given Japan's international competitiveness, the country's manufacturers "can easily live with rates of around Y100.00 to Y110.00."

"For the time being", however, the greenback will hug a range of Y115.00 to Y120.00, underpinned by Japanese investors' appetite for overseas assets that pay higher returns than those at home, he said.

At 1000 GMT Tuesday, the dollar was quoted at Y118.60.



Sakakibara said the Bank of Japan may increase interest rates in May because the country's economy is in its "best condition", growing at a price-adjusted annual pace of around 2.5% while prices are stable.

"I think a May rate hike is possible," he said.
"The markets have been wrong recently," forecasting a rate hike in January, when the bank stayed put, while anticipating no tightening in February, when the bank lifted rates by a quarter percentage point to 0.50%, he said. "It may be wise not to put your faith on the markets."

Sakakibara himself urged the BOJ to "normalize" Japan's "unusually low interest rates" and stop fueling yen-carry trades by pumping money into the world's money markets.

"There're various opinions (on what levels constitute normal policy rates in Japan), but ... they may be around 2.0%," he said. The U.S. policy rate is 5.25%, while the rate in Europe is 3.75%, "but growth rates of the U.S. economy and the European economy are almost the same as Japan's."
"It doesn't make sense for Japanese real interest rates to stay near zero."

London NYAM 10:19 GMT April 3, 2007 Reply   
Geneva DS: I think that most of the speculative shorts have covered, reversed or left the market for now.

UK Alex 10:14 GMT April 3, 2007 Reply   
Strong pound takes its toll. British chip designer ARM Holdings -- who makes a lot of its sales in dollars -- is rumoured to have a revenue shortfall in Q1 when it reports earnings on April 24.

GENEVA DS 10:00 GMT April 3, 2007 Reply   
Looks like this dam is finally breaking in CHF and JPY crosses... today is eventually a great day being long GBPCHF EURCHF USDCHF , GBPJPY EURJPY USDJPY... are we making a 2 pct move till easter ? most unexpected... the world was hoping yen and chf to rise with coming war... market will need to cover everything... gl gt

Dallas GEP 09:40 GMT April 3, 2007 Reply   
Kiwi and Aussie on minor support points here at 8110/20 and 7190 area. In theory the KIWI should be the weaker of these two short term. The confirmation on this would be if aud/nzd begins to long again from it's 1.1270/80 support area.

Sofia Kaprikorn 09:32 GMT April 3, 2007 Reply   
London NYAM 09:23 //
tnx for the answer!
I just wanted to discuss this strategy - AL wrote before that being in position gives you info about the market - so once you see your SL is hit and a breakout of a given pattern is materializing - then from Money Management point of view we can double the stopped position to the other side since we saw first direction was wrong and we get on the right one..
have a nice trip!

Dallas GEP 09:25 GMT April 3, 2007 Reply   
Well got some eur/gbp long off an order 6753 (mentioned 6750 bid was decent long earlier). the Scenario there was that I thought gbp would short at a faster rate than euro. Target 6790.

London NYAM 09:23 GMT April 3, 2007 Reply   
Sophia Kaprikorn, Hi:
Stop and reverse are great for these situations ie; the price either surges higher on a critical break or surges lower if the critical line holds to 'break-out' of the triangle. I didnt want to try this becuase 1) am still psychologically geared against the dollar and 2) am going to Beirut on vacation tommorrow and don't want to be tied to a screen when i am there.
It also takes some guts to use automatic triggers like this. But if you were going to then that was a good time...
Yes symetrical triangles may be continuation patterns but of what trend? I couldnt tell there was one while it was being made. Maybe I wasn't looking hard enough.

Gen dk 09:14 GMT April 3, 2007 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

hk ab 09:11 GMT April 3, 2007 Reply   
looks like oil man positions are moving the mkt now :D

Sofia Kaprikorn 09:10 GMT April 3, 2007 Reply   
London NYAM 08:24 GMT //

hi, I was yesterday looking at the hourly USDJPY and saw the triangle you are referring to.. I try to study patterns so a Symmetrical Triangle that it's resembling mostly to should be a continuation pattern..

however, please let me ask you this question more in light of Money Mgmt as it is my greatest problem:
you set SL of 15 pips - well if you see it breaching the SL - thus confirming the breakout scenario - why not Reverse the trade?
I have this idea and just ask you for consultation - I even think when these breakouts happen - that when I was wrong I can reverse at the breakout point while also doubling the position since then the ST trend is clear ...

Sofia mik 09:09 GMT April 3, 2007 Reply   
any news?

hk ab 08:56 GMT April 3, 2007 Reply   
anyone buying break of eur/chf here? looks like 1.64 ready.

London NYAM 08:55 GMT April 3, 2007 Reply   
Totally agree. when the 157.60 level was breached on EURJPY the move was all Yen. The blue skies of carry-trade are beckoning again.

ldn pw 08:51 GMT April 3, 2007 Reply   
London NYAM 08:24 GMT April 3, 2007
London NYAM 22:14 GMT April 2, 2007
From GVI >>>>>>>>>>
I think this was a yen move and not a dollar move.

Sofia Kaprikorn 08:39 GMT April 3, 2007 Reply   
ABHA FXS 04:02 GMT //

really interesting! some months ago I started discussing this martingale-style trading strategy...
now I see someone using it...
GL

London M 08:39 GMT April 3, 2007 Reply   
Lugano
thx. I am currently short $/Jpy, too, with stops above 118.70
good luck

Sofia mik 08:31 GMT April 3, 2007 Reply   
hi forum,
Is someboby know about big options for today or tomorrow pls?

Gen dk 08:25 GMT April 3, 2007 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

lugano fc 08:22 GMT April 3, 2007 Reply   
London M 08:10 GMT April 3, 2007

117 then lower...

London M 08:10 GMT April 3, 2007 Reply   
first time to post here
Lugano, do u have any target of $/JPY ? thx

Omaha st 08:06 GMT April 3, 2007 Reply   
lugano fc 08:03 GMT April 3, 2007
thats a good boy Giuseppe...

lugano fc 08:03 GMT April 3, 2007 Reply   
starting shorts
usdjpy-eurjpy-gbpjpy

Syd 07:57 GMT April 3, 2007 Reply   
Looking For M&A Flows For JPY
The JPY could be set for an M&A bonanza. Removal of restrictions on triangular mergers, (in which the acquiring corporation uses a subsidiary for the takeover), by Japan in May will make it easier for foreign companies to purchase Japanese ones, notes UBS. And, the bank says, with Japanese companies having attractive valuations, strong cash balances and providing an indirect play on the rising real estate market, they make attractive take over targets. "As such, the changes may mark a structural shift in the amount of foreign investment in Japan, thereby helping to boost the JPY," the bank says

hk ab 07:48 GMT April 3, 2007 Reply   
dlrjpy party again....

hk ab 07:32 GMT April 3, 2007 Reply   
today, if 1.1570 not broken, I may go short with any spike towards it on dlr/cad.

Baltimore Zoltan 07:27 GMT April 3, 2007 Reply   
hk ab 06:57 GMT April 3, 2007
Zeus I am ready for the war on e/j. Are you in any now?

In a war, the market always wins. Just go with the market flow then.

NZD-CHF and GBP-JPY daily reached the upper trendline. NZD-JPY and AUD-CHF are very close. Risk of reversal here, IMHO.

hk ab 07:27 GMT April 3, 2007 Reply   
oil man, do you think final weakness on usd is confirmed?
I think dlr/cad could have a good play followed by dlr/chf later.

AZUSA 4x-ed 07:27 GMT April 3, 2007 Reply   
May be old news, but...

UK PRESS: A failed American attempt to abduct two senior Iranian security officers on an official visit to northern Iraq was the starting pistol for events that led to Iranians seizing 15 British sailors and Marines, The Independent says. Early on the morning of 11 January, helicopter-born US forces launched a surprise raid on a long-established Iranian liaison office in the city of Arbil in Iraqi Kurdistan. They captured five relatively junior Iranian officials whom the US accuses of being intelligence agents and still holds. In reality the US attack had a far more ambitious objective, The Independent said it has learned. The aim of the raid, launched without informing the Kurdish authorities, was to seize two men at the very heart of the Iranian security establishment. The two senior Iranian officers the US sought to capture were Mohammed Jafari, the powerful deputy head of the Iranian National Security Council, and General Minojahar Frouzanda, the chief of intelligence of the Iranian Revolutionary Guard, according to Kurdish officials, the report says.

Syd 07:27 GMT April 3, 2007 Reply   
SYDNEY (Dow Jones)--The Australian dollar fluctuated in Asia trading ahead of a line-ball decision on interest rates Wednesday, hovering around the US$0.8150 level.

Economists are evenly split on the likelihood of a rate hike by the Reserve Bank of Australia at 2330 GMT Wednesday. Traders said a lack of solid conviction in the market surrounding the RBA's verdict encouraged sellers through the session.

"The Aussie has had a pretty sound run up (in recent weeks), so there is room to take profits," said Sue Trinh, currency strategist at RBC Capital Markets.
"If the RBA board is sufficiently anxious about the inflation outlook to believe that a tightening some time in the next few months is justified, this week's board meeting is the only open window," said Stephen Walters, chief economist at JP Morgan.

Walters expects the RBA will not raise rates on Wednesday, but admits the decision is almost too close to call.

Concerns about the U.S. economy could be the factor that prompts them to keep rates steady.

Haifa ac 07:07 GMT April 3, 2007 Reply   
NY RP 01:04 GMT April 3, 2007
Bold statement is we have seen the lows in Gold.//
There are BOLD traders
There are OLD traders.
There are NO BOLD OLD Traders!

NYC beyond_destiny 07:03 GMT April 3, 2007 Reply   
out euro long for nothing. and short euryen at 158.1, add 1.5X at 158.8...T/P open

may see a re-test of yr-low 150.7

hk ab 06:57 GMT April 3, 2007 Reply   
Zeus I am ready for the war on e/j. Are you in any now?

But I intended to fight in dlr/jpy more than e/j.

gold preformance seems linking to gold a lot.

USA Zeus 06:34 GMT April 3, 2007 Reply   
Solid hustle by the yen desk.

madrid mm 06:19 GMT April 3, 2007 Reply   
Pending home sales will renew debate over the housing sector and help mark time ahead of Friday's jobs report.

madrid mm 06:10 GMT April 3, 2007 Reply   
08:00 gmt EUR ECB Liebsher speaks

madrid mm 06:04 GMT April 3, 2007 Reply   
Fed's Poole (Mon NY PM) said economy on sound footing, inflation retreating. Business spending weaker than Fed expected but would not push for rate cut if economy marginally weak. In inflation rises, could favour rate boost. Last Fed statement not completely successful.

Apr crude oil, $65.94, +$0.07 in NY, -0.23 to 65.71 in Asia

Generally quiet session in Asia after more late-US session/early APAC day buying interest in AUD and NZD from the usual (model/momentum) players.

Early pm flurry of selling interest in yen coming mostly from Japanese retail accounts, some said to be in very large size. Infamous 'East European' account selling of GBP/JPY the other notable flow. NZD/USD quickly repelled from 0.7250 (high 0.7240) lending credence to talk of sizeable option barrier here (unsubstantiated rumours of Chinese ownership). Talk of 1.9800 barriers on cable, 0.8200 on AUD/USD.

Canadian FinMin Flaherty says yen could be a topic for discussion at G7, scheduled for Friday April 13th in Washington. But Japanese FinMin Omi says G7 topics not decided yet and says 'didn't see much possibility of such talks'.

Australia Feb trade deficit -$838mn vs. -1,200mn expected, with exports and imports both up 2%, latter driven by 4.9% rise in consumer goods, further hardening expectations for RBA rate rise to be announced Wednesday. Interbank futures off further 1 tick this morning, mkt now 70% prices for rise up from 65% Monday.

Australian Treasurer Costello refuses to comment on prospect for rate rise.

Nikkei and JGBs:Nikkei rallies 1.21% reversing Monday's big late session sell-off. Keeps JGBs market on the defensive, though robust 10yr JGB auction (first of new fiscal year) with 3.13 bid-cover sees small post-auction rally. Futures -0.06 to 134.19.

madrid mm 06:02 GMT April 3, 2007 Reply   
gm fx jedi

Baltimore Zoltan 05:50 GMT April 3, 2007 Reply   
Swiss CPI: +0.1%
expectation: +0.2%
previous: +0.2%

Bahrain Bahrain1 05:47 GMT April 3, 2007 Reply   
Swiss CPI came out in line with expectations.

pittsburgh pa 05:41 GMT April 3, 2007 Reply   
Bought USD/JPY @ 117.87 and hit my limit @ 118.17 feeling good!

Bahrain Bahrain1 05:02 GMT April 3, 2007 Reply   
Tokyo names buying $YEN and EURYEN. GL

chicago goofy 05:01 GMT April 3, 2007 Reply   
good name selling usdjpy

USA Zeus 04:58 GMT April 3, 2007 Reply   
Looks like they have their hustle on at the yen desk.

pittsburgh pa 04:56 GMT April 3, 2007 Reply   
Im in a buy in the USD/JPY. Limit @ 118.17 Any thoughts??

Bangkok bkk 04:53 GMT April 3, 2007 Reply   
close short EUR/JPY @ 157.70

Syd 04:29 GMT April 3, 2007 Reply   
Toronto MRC 03:57 (smiles) thats it

Canberra JD 04:14 GMT April 3, 2007 Reply   
1.29 is asking a bit much isnt it?

ABHA FXS 04:02 GMT April 3, 2007 Reply   
SELL LIMIT EURUSD FOR 500 PIPS.
1 POSTION AT 1.3365
2 POSTION AT 1.3400
3 POSTION AT 1.3416
6 POSTION AT 1.3435
STOP 1.3495
TARGET 1.2900

Toronto MRC 03:57 GMT April 3, 2007 Reply   
Syd 03:47 GMT April 3, 2007
Do you mean escalator down the lift/elevator?

Canberra JD 03:50 GMT April 3, 2007 Reply   
Agreed, but there has to be an end to these runs up on all pairs. AUD is definently overvalued, and I think a rate rise will just dig a deeper hole into the housing market.

Syd 03:49 GMT April 3, 2007 Reply   
U.S. automaker General Motors Corp. (GM) maintained its strong sales growth in China, posting a 25% increase in first-quarter sales compared with a year earlier.

GM said in a statement Tuesday it sold 291,588 vehicles in China in the January-March period, with sales particularly strong in March. The automaker sold 100,538 vehicles last month, helping to bring GM's first-quarter market share in China to an estimated 13.9%, it said.

Syd 03:47 GMT April 3, 2007 Reply   
Canberra JD 03:37 GMT Dont think the RBA are concerned about the strong aussie , just one little world from them and it hits the fan, the normal up the elevator down the lift scenario

Canberra JD 03:37 GMT April 3, 2007 Reply   
Syd, I agree with you on the interest rates. As watching the market now, i think others could start to see that in the coming hours. However there are options at 8190-8200

USA Zeus 03:33 GMT April 3, 2007 Reply   
Now the yen desk can get their hustle on.

USA Zeus 03:32 GMT April 3, 2007 Reply   
Well as a nice counter contra to the sports media critics the Florida Gators just won as repeat national college basketball champs. Congrats to them- Go gator nation!

Syd 02:49 GMT April 3, 2007 Reply   
Japan will remove restrictions on triangular mergers in May which will make it easier for foreign companies to buy Japanese companies, notes UBS; move will let foreign firms use their Japanese subsidiaries to take over local entities through stock swaps. Japanese companies viewed as having attractive valuations, generally cash rich, making them attractive targets. Says "changes may mark a structural shift in the amount of foreign investment in Japan, thereby helping to boost the yen."

ABHA FXS 02:23 GMT April 3, 2007 Reply   
SHORT AUDJPY 96.43 T 95.73
SHORT GBPJPY 233.50 T 231.60
SHORT EURJPY 157.82 T 156.70

Syd 01:59 GMT April 3, 2007 Reply   
Sydney ACC 01:45 GMT not really mortgages are a fact of life and still not what they were in the 90s , feel the BOE has been holding off too long the rates there should be at least 6% problem is over there if you watch the lifestyle programes on Sky many have Overseas properties with Euro Mortgages as well so it will be a double whamming

courtesy London 23:24 GMT
A key problem could be a loss of appetite among foreign buyers. About 180,000 British people own holiday homes in France, and one in 20 sales in the country last year was conducted with a foreigner – double the proportion in 1998.

If price rises in Europe’s holiday home hotspots are slowing down, it could be an indicator that the UK's appetite for housing is also on the wane - perhaps because our own property market is eating up so much of our resources, or because the speculators have now moved onto other, riskier territories, such as Eastern Europe.

One thing's for sure - the European Central Bank isn't thinking about ending its rate-rising cycle any time soon - so we can expect more discomfort, to say the least, in European housing over the coming year.

http://www.moneyweek.com/file/27510/the-european-property-bubble-begins-to-hiss.html




censored

Philadelphia Caba 01:55 GMT April 3, 2007 Reply   
ACC, to be honest ... it's a toss of coin .. imho. and i'm not playing with gbp..gt/gl!

USA BAY 01:54 GMT April 3, 2007 Reply   
BOE 25bp tom, thats my bet

Sydney ACC 01:45 GMT April 3, 2007 Reply   
I suspect you two are talking your book - mortgage in the family and maybe the other is still short.
OK, question two what about Bank of England, yes or no?

Syd 01:40 GMT April 3, 2007 Reply   
Sydney ACC 01:35 my daughter just purchased her first home so I hope not.

Philadelphia Caba 01:39 GMT April 3, 2007 Reply   
Sydney ACC 01:35 GMT
my bet is no hike tomorrow and neutral stance for May...

Baltimore Zoltan 01:36 GMT April 3, 2007 Reply   
AUD: trade deficit: -0.84B
expectation: -1.25B
previous(revised): -0.83B

Sydney ACC 01:35 GMT April 3, 2007 Reply   
Syd and Caba, do you believe the RBA will raise rates tomorrow?

Syd 01:33 GMT April 3, 2007 Reply   
SYDNEY (Dow Jones)--Australia's seasonally adjusted balance on trade in goods and services widened to a deficit of A$838 million in February from a revised deficit of A$832 million in January, the Australian Bureau of Statistics said Tuesday.

ldn pw 01:32 GMT April 3, 2007 Reply   
Philadelphia Caba 01:31 GMT April 3, 2007
Is that good or bad?

Philadelphia Caba 01:31 GMT April 3, 2007 Reply   
Trade Balance For Feb AUD838mln Deficit

pittsburgh pa 01:09 GMT April 3, 2007 Reply   
Any thoughts on usd/jpy highs in next 12 hours? Anyone?

NY RP 01:04 GMT April 3, 2007 Reply   
Bold statement is we have seen the lows in Gold. We will not see 500 anything in gold for many years to come. The new guys in town like Gold and have interests in seeing it trade higher, much higher that is.

NY RP 01:02 GMT April 3, 2007 Reply   
hk ab 00:55 GMT April 3, 2007
Agreed, the internal are looking a bit weaker going into to today. What is amazing is the pivot on the 4 hour is like GLUE with a rubber band attached. There is a war going on inside the trenches of the golden battle fields. The dailies look like they want to take over head reistance at 666. This battle may get a bit bloodier as the week goes on.

Syd 01:02 GMT April 3, 2007 Reply   
NY RP 00:58 as I have said before , what happens in the US normally happens in the UK six months later and then here, booms and busts just a matter of timing

NY RP 00:58 GMT April 3, 2007 Reply   
Syd 00:53 GMT April 3, 2007
Do you know of any over heated, over priced Real Esate markets that will NOT? I sure dont. We are in a new world were no mna has been. LOL. Listening to TV is like listening to a crack explain why he needs to borrow money.

hk ab 00:55 GMT April 3, 2007 Reply   
RP//The gold daily and 4 hr chart looks tired s/t though.

Possible to see a bigger bargain at 650?

Syd 00:53 GMT April 3, 2007 Reply   
NY RP 00:43 GMT looking through some papers market in UK looks like its going to drop .

NY RP 00:43 GMT April 3, 2007 Reply   
Syd....bubbbbbbbbbbles are bubbbbbbbles and whenever they get tooooo BIG they POP. I heard it a while back, A house made of cards is destined to fall no matter how hard one tries to keep it up, especially when one continues to add more and more cards. LOL.

RIC fxq 00:39 GMT April 3, 2007 Reply   
silence is golden

Syd 00:36 GMT April 3, 2007 Reply   
French housing bubble set to burst
French property construction plummeted 15.1pc in February and home prices have begun to slip in the first sign that America's housing woes are spreading to Europe.
According to France's OFCE research institute, house prises are 25pc overvalued.

http://www.telegraph.co.uk/money/main.jhtml;jsessionid=3HPWENL5D13HPQFIQMFSFF4AVCBQ0IV0?xml=/money/2007/03/28/cnfrance28.xml

NY RP 00:32 GMT April 3, 2007 Reply   
Pull up a chart of infamous ENRON and then pull up a chart of the almighty dollar. Can someone tell me what the similarities are? LOL.

NY RP 00:31 GMT April 3, 2007 Reply   
I heard a report today stating Japan experienced deflation again in Feb. It sure would be nice if ALL the reporters and Fed's men could not give their opinions for a day. This is certainly a circus of a market. For those without a deocoder ring look at the monthly close of the USD Index. Then look at the monthly close of Gold. There is only one way to read a book and that is by putting the words together to make a sentence. I am sitting back with a smile and wondering how long these games will last. Whether a clear break up (short covering) or destiny down with the buck. Lets get it on. Good luck all.

Syd 00:21 GMT April 3, 2007 Reply   
Large GBP/USD barrier options-related offers rumored standing at 1.9800, with further strong GBP/USD sell orders at 1.9830-1.9835, says Singapore dealer

pittsburgh pa 00:08 GMT April 3, 2007 Reply   
Buying USD/JPY 117.87 targerts at 117.97, 118.07 and 118.17
Any thoughts?

Syd 00:08 GMT April 3, 2007 Reply   
Double whammy could send house prices plunging
http://www.dailymail.co.uk/pages/live/articles/news/news.html?in_article_id=446115&in_page_id=1770&in_a_source=