Forex Forum Archive for 04/13/2007

Norway e.s 20:37 GMT April 13, 2007 Reply   
The Netherlands Purk,
Thank you wery much,I wil ask Jai son! rely nice to speek whit you! Wel i hawe tryed your genever, thei giwe me the hole botel whit the beer to swelow it whit get rely drunk. Se you later my frend

Mtl JP 20:32 GMT April 13, 2007 Reply   
Purk 20:14, dlrcad (and some of its crosses) is one of the more technicaly responsive pairs you will trade. On the other side of the scale is the japanmafia-insider yen and some of its cross pair(s).

USA Zeus 20:16 GMT April 13, 2007 Reply   
Mtl JP 19:58 GMT April 13, 2007

Agree JP. I tried to be careful here and explain that I was position building like building blocks- not chasing a bad trade etc. Big difference for me as I build into AUD/USD and USD/CAD positions long and short but have usually posted the hellfire laser strikes on GBP/USD, EUR/USD and yen crosses etc. which are done with with laser precision win or lose as "trades" not "positions".

Now positions are often massaged until the building blocks all fit correctly. Once done if it looks like that tower in Pisa must blow out of it before a collapse and rebuid etc until the structure looks good and the mason has his eye over it.

cheers and good w/e

The Netherlands Purk 20:14 GMT April 13, 2007 Reply   
NORWAY man.

Yes i have a msn thingy, and i would be honoured if you drop me an e-mail...
Sailor? Wow would love to hear your stories. Whisky? Oops, but than you must taste our JENEVER.

USD/CAD is very difficult to trade, i have been taught a few lessons here, and maybe i will make the money back that i lost in the last 3 years. I remember trying to long it all the way from 127 to 109.
Had possies from 10933-10968 and 11011. Bailed out at 11050. But also had possies at 11640 than dropped all the way to 111, took my s/l and went to 113...
Loonie on Friday can fly

Send Mr. Jay an email asking for my e-mail and maybe we can get connected through the wonders of science.

Norway e.s 20:07 GMT April 13, 2007 Reply   
The Netherlands Purk 19:42 Thank you wery much for tte answer! Hawe always enjoi the staiing in yor contry,was sailor in my yong life and staid much at you.Do you hawe msn?wod be nice to speek more whit you!( hawing a big wisky now trying to forget abot my looong us/cad, wel stil remember what you told me,but i am a slow lerner)
Cheers and god trades(hope to herd from you)!

The Netherlands Purk 20:04 GMT April 13, 2007 Reply   
USA Zeus 19:59 GMT April 13, 2007

Well mr. Zeus, his jokes are too intelligent for me, my brain can not cope with that. I am glad that people have fun, and for me it does not have to be necessary to be over someone else his back, although for our Cris i make an exeption.
But for now i will quit, because otherwise people will think i am a Cris basher...
Now off for meddy and bed. Tomorrow big day there, drinking ny balls of.
Loonie takes his flight now.

Lahore FM 20:03 GMT April 13, 2007 Reply   
The Netherlands Purk 19:42 GMT April 13, 2007
Norway e.s 19:34 GMT April 13, 2007
thanx for the comic relief Purk.have good weekend all.

USA Zeus 19:59 GMT April 13, 2007 Reply   
The Netherlands Purk 19:42 GMT April 13, 2007
Mr Purkson- That was seriously funny but you won't be the only one laughing. Wait until tomorrow...

CT Cris 19:22 GMT April 2, 2007
”…me with the doneky who laughs on the the joke next day , cause it takes him sometime to understand it.”

Mtl JP 19:58 GMT April 13, 2007 Reply   
Zeus, the point... is in not so much of making pips as not losing (m)any.

A classic demonstration of "exponential heat" inducing "Have plenty of ammo left to chase it lower- much lower if needed" battleplan I would qualify more as exponential heat-induced hallucination trading tactic, altho admittedly with some skill. This week GoF let you off on a get out of jail pass.

The Netherlands Purk 19:42 GMT April 13, 2007 Reply   
Norway e.s 19:34 GMT April 13, 2007

Than take the plain now. 25 degrees in Clogland this weekend. The tulips are flowering now. Stop at Schiphol Amsterdam, visit Amsterdam for Alicia, than the train to Hillegom, ask for Purk, you will end up in the pub, i will be the one that fell of his stool laughing his balls of because i read the posts of Cris.
But hurry, flowers will be gone, only the KEUKENHOF is still opened but flowers with this weather will go down fast...

dc CB 19:36 GMT April 13, 2007 Reply   
hot off the presses

http://www.cftc.gov/dea/futures/deacmesf.htm

scroll down

Norway e.s 19:34 GMT April 13, 2007 Reply   
The Netherlands Purk;
Nice to see you my frend! How is in the Netherlands? Hawe start the Tulips? Want to take a trip at your contri son and wish to se agenwhen all that tolip is in flower !
Nice weekand to all!

USA Zeus 19:20 GMT April 13, 2007 Reply   
It was only time before he called...

USA Zeus 14:46 GMT April 13, 2007
Don't forget- It is a Freddy Krueger Friday

USA Zeus 19:18 GMT April 13, 2007 Reply   
The Netherlands Purk 19:15 GMT April 13, 2007

Right- All I did was recall a different call than his recall (if I recall) and then he made the calll....

The Netherlands Purk 19:15 GMT April 13, 2007 Reply   
CT Cris 18:45 GMT April 13, 2007
Zues..you are very disgusting man... I will leave where you are.

Well Zeuster, the disgusted disgusts the man who invented hellfire. I guess that whatever call he makes you will recall him. And after a while it will be a total recall....

USA Zeus 19:15 GMT April 13, 2007 Reply   
JP- You clearly called the divebomb lower. My exponentiallism is still playing out. I got a little cream now let's see if I get "creamed" with the rest...

USA Zeus 00:31 GMT April 13, 2007
Mtl JP 23:50 GMT April 12, 2007
Thx a lot JP. That was lucky- this was skill…

Mtl JP 21:47 GMT April 11, 2007
"…sub 200dma close => prefered flight tactic now is to sell pops towards say mid 1.14 for renewed and more divebombing 1.1380 for penetration attempt to 1.1330."
Kudos to you!

============================================
You And Purk('s neighbor) called it spot on!

cheers!

Mtl JP 19:08 GMT April 13, 2007 Reply   
Zeus 18:32 / single possie Mtl JP 21:47 GMT April 11, 2007
Zeus 21:20 / sub 200dma close => prefered flight tactic now is to sell pops towards say mid 1.14 for renewed and more divebombing 1.1380 for penetration attempt to 1.1330.

drip more and easier pips than some exponential slice of some USD/CAD slabs.

There seems to be a lesson about 200dma dlrcad's behaviour in this week's price-action.

Chatham Compass 19:07 GMT April 13, 2007 Reply   
Sofia,

haha! No, this is Chatham, NJ. Ears around here seem normal. Have a great weekend.

Sofia mik 19:05 GMT April 13, 2007 Reply   
Chatham
is this the same Chatham where is place of big EARS
оf UK
have a nice wnd all!!!

The Netherlands Purk 19:03 GMT April 13, 2007 Reply   
Lahore FM 15:16 GMT April 13, 2007

Thank yourself FM, you where the first caller. I was only wondering if we could pull of the stunt from last time: 12087-12200.

Illinois Mike Pinion 19:03 GMT April 13, 2007 Reply   
The Neterlands Purk 18:58 Purk you were seen outside the house with the windows with your d full stop in the one hand and the sixty doller chf bonanza in the other hand, hope you had fun.

The Neterlands Purk 18:58 GMT April 13, 2007 Reply   
Well working on the two feet on the ground thing. Took 60 pips of the swissy trade, thanks to my nextdoorneighbour. The borders 12067 and 12167 where there. s/l had to be a bit under there because dont want to be stopped out by hunters MIB or Cris....
All borders in e/j are violated in one move. No change in pattern and doing the ticking to the high again....

USA Zeus 18:49 GMT April 13, 2007 Reply   
Cris-

The path of the righteous man is beset on all sides by the iniquities of the selfish, and the tyranny of evil men.
Blessed is he who in the name of charity and goodwill shepherds the weak through the valley of darkness, for he is truly his brother’s keeper and the finder of lost children.
And I will strike down upon thee with great vengeance and furious anger, those who attempt to poison and destroy my brothers.
And you will know my name is Zeus- The Commander, when I lay my vengeance upon thee.

CT Cris 18:45 GMT April 13, 2007 Reply   
Zues..you are very disgusting man... I will leave where you are.

Chatham Compass 18:45 GMT April 13, 2007 Reply   
Hey guys.

The dollar received some reprieve this afternoon when the Labor Department announced that producer prices rose at an annual rate of 3.2% in March, above the consensus of around 3.0%. We remain bearish the dollar, both in the short and median term. The only possible USD long position we would consider is long USD-JPY. Let’s have a look:

Medium term trend: +2 (Moderately Bullish)
Short term momentum: 0 (Neutral)

120.36 Upside Exhaustion
119.55 Daily High
119.35 Second Daily Resistance
119.34 Upside Trigger
119.18 Current Level
118.83 First Daily Resistance
118.65 Downside Trigger
118.20 Daily Low
117.99 First Daily Support
117.67 Second Daily Support
117.63 Downside Exhaustion

Strategy: USD-JPY has already exceeded what we considered to be resistance on the day. Our preference at this point would be to buy dips towards 118.65, with stops below 117.67.

CT Cris 18:38 GMT April 13, 2007 Reply   
CT Cris 08:11 GMT April 13, 2007
Ranat Afal BSB 07:17 GMT April 13, 2007
CT CRIS, can I have your opinion on cable for today ?
many thanks

======
it is in sideways uptrend will continue after us data then will decline.
buy at dip during europe..exit fast.

=======
Zues
I mentioned earlier that there is a continue of rising after us data ,then will decline.
as there is no reaction after data ,there are no rise.
acting the opposite of my call is not correct.

USA Zeus 18:38 GMT April 13, 2007 Reply   
Clearly there must be others-

17:27 GMT December 1, 2006
“…with my views..never lose.”

20:11 GMT December 7, 2006
”…you will see no one can
predict what I can do.”

USA Zeus 18:32 GMT April 13, 2007 Reply   
fairfield JC 18:22 GMT April 13, 2007
MIGHTY ZEUS!!!

JC- yw!

Mtl JP 18:11 GMT April 13, 2007
Please enlighten.

USA Zeus 18:29 GMT April 13, 2007 Reply   
USA Zeus 14:34 GMT April 13, 2007

================
GBP.USD
Sell towards 1.9920. If rise sell again.


We sold at 1.9855 then covered @ 1.9785

Silverthorne AL 18:26 GMT April 13, 2007 Reply   
COT report. actually the very best analysis is to be had on GVI and the Trading club. curtesy of cumino and AL

fairfield JC 18:22 GMT April 13, 2007 Reply   
MIGHTY ZEUS!!!

Thanks for the tip....Have a splendid weekend....Later

Mtl JP 18:13 GMT April 13, 2007 Reply   
"expontial" = "exponential"

USA Zeus 18:13 GMT April 13, 2007 Reply   
fairfield JC 18:06 GMT April 13, 2007

Sorry- Thought you asked about next weeks data.
The COT report is released on a Friday.
The data is a snapshot from 3 days earlier.

IMO- The very best resource for COT and how to interpret and analyze it is shatterfield.com There are free articles, multimedia and unique appraoches etc.
GL GT

Mtl JP 18:11 GMT April 13, 2007 Reply   
Zeus 17:59 / u have demostrated that "expontial" and "exponentially" can mean that a "population" can grow exponentially but at a very slow absolute rate

fairfield JC 18:07 GMT April 13, 2007 Reply   
madrid mm 17:11 GMT April 13, 2007

Thank you for the links.....have a great night and weekend Madrid...Ciao!

fairfield JC 18:06 GMT April 13, 2007 Reply   
USA Zeus 17:08 GMT April 13, 2007

What do you mean Tuesday snapshot? doesnt the COT data come out today? And anyway, i have a hard time reading the charts, can anyone explain it or is there a book? Idiot's guide to reading COT data? HAHA.....

USA Zeus 17:59 GMT April 13, 2007 Reply   
Well in the end trading is a lot like fishing-

They call it fishng instad of catching...trading instead of earning an income.

Sofia mik 17:58 GMT April 13, 2007 Reply   
Sofia mik 17:07 GMT April 13, 2007
it seems uscad will close above 1412

nice call,
hahahaha

CT Cris 17:57 GMT April 13, 2007 Reply   
CT Cris 12:21 GMT April 13, 2007
gbp.usd
=====
heading twd 19920 after data...buy now ...buy another if decline. at intervals 30 pips.
=====
we bought @ 19870
another bought @ 19840
another bought @ 19810
we exited all positions around 19860.

Canberra JD 17:57 GMT April 13, 2007 Reply   
Hows your aussie shorts going zeus? ....

dc CB 17:56 GMT April 13, 2007 Reply   
EURO RISES VS DOLLAR AFTER ECB'S MERSCH SAYS EURO ZONE CAN ABSORB US HARD ECONOMIC LANDING - Reuters

(not my caps just cutnpaste)

Makassar Alimin 17:49 GMT April 13, 2007 Reply   
RIC fxq 17:13 GMT April 13, 2007

very true fxq :) looks like bunch of guys having identity crisis, can't decide what to do next and who they want to become next

USA Zeus 17:45 GMT April 13, 2007 Reply   
Gold sure was testy on the close- Let's see what oil does now...

Mtl JP 17:29 GMT April 13, 2007 Reply   
Van 17:23, have look at GVI john 10:50 below for a start.

Van 17:23 GMT April 13, 2007 Reply   
Does anyone have access to a reliable trading signal for EUR/JPY or am I just dreaming that such a thing would exist. Thanks for any help.

London NYAM 17:22 GMT April 13, 2007 Reply   
As I was saying. Keeping USDJPY Strong to maintain stability vs the Asian holdings while allowing Eur to rise to keep Europe happy on inflation front.

London NYAM 17:20 GMT April 13, 2007 Reply   
fxq alamin//
Perhaps it is in the interests to keep USD strong vs Dollar and E

RIC fxq 17:13 GMT April 13, 2007 Reply   
alimin:

makes you wonder if they are "blowing smoke", just complacent or powerless to do anything about it, desn't it?

madrid mm 17:11 GMT April 13, 2007 Reply   
fairfield, USA ZEUS is right 8-)
the links i posted are for past COT with some general info

madrid mm 17:10 GMT April 13, 2007 Reply   
fairfield, try these

http://www.commitmentoftraders.com/reports.htm
http://www.cftc.gov/cftc/cftccotreports.htm

USA Zeus 17:08 GMT April 13, 2007 Reply   
fairfield JC 17:05 GMT April 13, 2007

We'll know about next week's COT data on Fri after the Tuesday snapshot.

Makassar Alimin 17:07 GMT April 13, 2007 Reply   
it is funny, in dec 2004 when euro was around this level, the european officials were talking about it hurting the economy, this time round it is nice and calm :)

Sofia mik 17:07 GMT April 13, 2007 Reply   
it seems uscad will close above 1412

fairfield JC 17:05 GMT April 13, 2007 Reply   
Anyone know what the COT is for next week on the GBP, EURO, and the YEN's???

London NYAM 16:57 GMT April 13, 2007 Reply   
Helsinki. I thought it was very amusing.

London Gooner 16:54 GMT April 13, 2007 Reply   
Helsinki iw 16:30 GMT April 13, 2007
-

Why cut and paste such long ridicule non-sense.
If you finished work do sthing else please.

RIC fxq 16:43 GMT April 13, 2007 Reply   
Sofia mik 16:39 GMT

lol

Alaska Moon 16:40 GMT April 13, 2007 Reply   
Trailing stop closed all but 1 position on USD/CAD long at a small profit...One position still running with a trailing stop...
I guess "patience is the name of the game" LOL
Moon

Sofia mik 16:39 GMT April 13, 2007 Reply   
PAR , is it time to buy Toyota Honda or wait ?

USA Zeus 16:32 GMT April 13, 2007 Reply   
ab- thx. Just a point to confirm what you just said- anything is possible. Thinned enough to clear the last buy allocation and hold the rest for the unknown...

Am sure you are having a "golden" day- Cheers!

Helsinki iw 16:30 GMT April 13, 2007 Reply   
Here is a travel guide I came across for those planning to visit France this summer.It being Friday eve,I thought it would be ok to post it:

The following advisory for American travelers heading for France was compiled from information provided by the US State Department, the Central Intelligence Agency, the US Chamber of Commerce, the Food and Drug Administration, the Center for Disease Control and some very expensive spy satellites the French don't know about.

It is intended as a guide for American travelers only. No guarantee of accuracy is ensured or intended.

General Overview

France is a medium-sized foreign country situated in the continent of Europe. It is an important member of the world community, though not nearly as important as it thinks.

It is bounded by Germany, Spain, Switzerland and some smaller nations of no particular consequence and with not very good shopping.

France is a very old country with many treasures such as the Louvre and Eurodisney. Among its contributions to Western civilization are Champagne, Camembert cheese and the guillotine.

Although France likes to think of itself as a modern nation, air-conditioning is little used and it is next to impossible to get decent Mexican food. One continuing exasperation for American visitors is that the people willfully persist in speaking French, though many will speak will shout English if shouted at. As in any foreign country, watch your change at all times.

The People

France has a population of 54 million people, most of whom drink and smoke a great deal, drive like lunatics, are dangerously oversexed and have no concept of standing in line. The French are in general gloomy, temperamental, proud, aloof, arrogant and undisciplined; and these are their good points.

Most French citizens are Roman Catholics, though you would hardly guess it by their behavior.

Many people are communists and topless bathing is common.

Men sometimes have girls' names like Marie, and they kiss each other when they hand out medals.

American travelers are advised to travel in groups and to wear baseball caps and colorful trousers for easier mutual recognition.

Safety

In general, France is a safe destination, though travelers are advised from time to time the country is invaded by Germany. By tradition, the French surrender more or less at once and, apart from a temporary shortage of Scotch whisky and increased difficulty in getting baseball scores and stock market prices, life for the visitor generally goes on much as before.

A tunnel connecting France to Britain beneath the English Channel has been opened in recent years to make it easier for the French government to flee to London.

History

France was discovered by Charlemagne in the Dark Ages. Other important historical figures are Louis XIV, the Huguenots, Joan of Arc, Jacques Cousteau and Charles de Gaulle, who was President for many years and is now an airport.

Government

The French form of government is democratic but noisy. Elections are held more or less continuously, and always result in a run-off.

For administrative purposes, the country is divided into regions, departments, districts municipalities, cantons, communes, villages, cafes, booths, and floor tiles.


Parliament consists of two chambers, the Upper and Lower (though, confusingly, they are both on the ground floor), whose members consist of Gaullists or Communists, neither of whom is to be trusted, frankly.

Parliament's principal preoccupations are setting off atomic bombs in the South Pacific, and acting indignant when anyone complains. According to the most current State Department intelligence, the President is now someone called Jacques.

Further information is not available at this time.

Culture

The French pride themselves on their culture, though it is not easy to see why.

All their songs sound the same and they've hardly ever made a movie that you'd want to watch for anything but the nude scenes. And nothing, of course, is more boring than a French novel (except, perhaps, for an evening with a French family.)

Cuisine

Let's face it, no matter how much garlic you put on it, a snail is just a slug with a shell on its back. Croissants, on the other hand, are excellent, though it is impossible for most Americans to pronounce this word.

In general, travelers are advised to stick to cheeseburgers at leading hotels such as the Sheraton and Holiday Inn.

Economy

France has a very large and diversified economy, second only to Germany's in Europe, which is surprising because French people hardly work at all. If they're not spending four hours dawdling over they're lunch, they're on strike and blocking the roads with their lorries and tractors.

France's principal exports, in order of importance to the economy, are wine, nuclear weapons, perfume, guided missiles, Chamagne, high-calibre weaponry, grenade launchers, landmines, tanks, attack aircraft, miscellaneous armaments and cheese.

Public Holidays

France has more holidays than any other nation in the world.

Among it's 361 national holidays are 197 Saints' days, 37 National Liberation days, 16 Declaration of Republic days, 54 Return of Charles de Gaulle in Triumph (as if he the War Single-Handed Instead of Running Away) days, 18 Napolean Sent into Exile Days, 17 Napolean Called Back from Exile days, 112 France is Great and the Rest of the World is Rubbish days. Other important days are National Nuclear Bomb day, the Feast of Saint Brigitte Bardot, and National Guillotine day.

Conclusion

France enjoys a rich history, a picturesque and varied landscape and a temperate climate. In short, it would be a very nice country if it weren't inhabited by French people. The best thing that can be said for it is that it isn't Germany.

A Word of Warning

The Consular services of the United States Government are intended solely for the promotion of the interests of American businesses such as McDonald's, Pizza Hut and the Coca-Cola Corporation.

In the event that you are a victim of a crime or serious injury involving at least a loss of a limb, report to the American Embassy between the hours of 5:15 am and 5:20 am on a Tuesday or Wednesday, and a Consular official who is supremely indifferent to your plight will give you a list of qualified dentists or something similarly useless.

Remember, no one ordered you to go abroad. Personally, we always take our holidays in Miami Beach and you are advised to do so as well.

Bon Chance.

London NYAM 16:28 GMT April 13, 2007 Reply   
Merck (MRK 50.00 +3.64), which has surged to its best levels in 3 1/2 years after upside Q1 and FY07 earnings guidance prompted Goldman Sachs to upgrade the stock. By far and away today's best performing Dow component (+7.9%), Merck currently accounts for nearly all 30 points of the Dow's intraday advance and is helping Health Care enjoy the day's only noticeable gain (+1.0%).

hk ab 16:27 GMT April 13, 2007 Reply   
zeus, btw, any gold at hand? nice run last hr, think some more steam to go.

hk ab 16:26 GMT April 13, 2007 Reply   
zeus, though the applause is yours, but nothing is impossible in this small fx world.

USA Zeus 16:18 GMT April 13, 2007 Reply   
How one’s “ego” can backfire. Quotes of the week-

13:29 GMT April 12, 2007
”cant find a MA that tells me to sell Lunny - love watching egotistical bottom fishers getting creamed”

USA Zeus 15:15 GMT April 13, 2007
USD/CAD- Looks like the cream has risen! LOL

USA Zeus 01:48 GMT April 13, 2007
Oh- after the last add-on USD/CAD ave price dropped 2 pips to 1.1352...

99.99999% for sure a pop is coming. Can taste the cream....If not I'll never bother this forum again.

USA Zeus 20:59 GMT April 12, 2007
Can sense the dealers' anxiety here on USD/CAD. The cream is coming...

USA Zeus 19:57 GMT April 12, 2007
Yes- I am speaking my book but am as for sure as I can be without being for sure (That's for sure) that a USD/CAD bounce is imminent soon. Could it be the cream?

dc CB 16:06 GMT April 13, 2007 Reply   
CAD...late but....

The Daily
Friday, April 13, 2007
Investment in non-residential building construction
First quarter 2007
Heavy spending on office buildings in Alberta and British Columbia pushed investment in non-residential building construction to another record high in the first three months of 2007.
First-quarter investment hit $9.4 billion, up 3.3% from the fourth quarter and the 16th consecutive quarterly increase.
In constant dollars, investment in non-residential building construction increased 0.8% from the fourth quarter.
------------------------------------------------
Canadian international merchandise trade
February 2007
Canadian exports slowed in February, down 2.1% from a record high in January, partly as a result of a 15-day railway strike, which interrupted regular transportation patterns, making it difficult for exporters to ship their products to the border or port.

Overall, Canadian companies exported $39.6 billion worth of merchandise in February, a $800 million drop from the previous month. The only sector registering a gain for the month was energy, most of which is transported via pipeline. With energy excluded, exports plummeted 5.8%. Exports of industrial goods posted the largest decline in February, following nine consecutive increases.

jkt-aye 16:05 GMT April 13, 2007 Reply   
Zeus, FM ... thx for ur support. have a nice w/e. GL

hk ab 15:57 GMT April 13, 2007 Reply   
gold just did what it should do prior the yen chaos.,

Como Perrie 15:42 GMT April 13, 2007 Reply   
dunno, might expand or stall into tighter imo... yet soon to say I guess, but finally fixed my more short term stuffs apparently.. gonna see in May how It goes

tks and have a restful w/e

will just watch some yet no more trading for today from here bi

NYC beyond_destiny 15:42 GMT April 13, 2007 Reply   
Long one more lot swissie 1.216

T/p Open s/L 1.2145 ave of entry

USA Zeus 15:38 GMT April 13, 2007 Reply   
Can't type fast enough- Decent cream taken on USD/CAD from 1.1377-.88 to build a cushion. Could't hit it fast enough to get in the 90's.
Now we are ready for whatever is next.

Also dumped the AUD/USD shorts from .8320 and .8333 at .8307.

USA Zeus 15:28 GMT April 13, 2007 Reply   
Thx for the info all. Sitting on ave price 1.1349 from last entry before the "all in" last pile-in. Need to keep an eye on Halifax CB and Sir Purkson (and his neighbor). They know the MIB's.

Dublin Flip 15:28 GMT April 13, 2007 Reply   
hl there is never officially ever any discussion. It would be interpreted as a "loss of face". It's only some indiscreet Europeans that ever pronounce what they discuss.

Mumbai NS 15:25 GMT April 13, 2007 Reply   
A weekly close below 1.9800 on cbl will be ravishing for the next week just my 2 cents gl gt

Lahore FM 15:23 GMT April 13, 2007 Reply   
it would be interesting to see a close near 1.2280 if it happens.DS,this one is for you.

Halifax CB 15:20 GMT April 13, 2007 Reply   
NYC beyond_destiny 15:01 GMT April 13, 2007
You're welcome. Unfortunately I don't see any sign of a simple reversal, so now it's just wait & see...

Zeus - glad to see you're $CAD is working; pls take it up a little further so you can jump out & I can jump in....

chicago hl 15:19 GMT April 13, 2007 Reply   
what if some sources say they will be yen discussion now? that would be ironic..

Como Perrie 15:17 GMT April 13, 2007 Reply   
1.14 is key res to me Z

hk ab 15:17 GMT April 13, 2007 Reply   
Zeus, the key is still @1.1410!!!

btw, the group is now exiting their fatty yen crosses imvho.
short e/j?

Lahore FM 15:16 GMT April 13, 2007 Reply   
Purk the hint for 1.2167 was for realz and no fiction after all.lolzzz....

USA Zeus 15:15 GMT April 13, 2007 Reply   
USD/CAD- Looks like the cream has risen! LOL

Como Perrie 15:11 GMT April 13, 2007 Reply   
Bovine TB can spread from human to human, scientists fear after a cluster of six cases in England.

http://news.bbc.co.uk/2/hi/health/default.stm

London NYAM 15:10 GMT April 13, 2007 Reply   
breaking my Friday rule and sold USDJPY again 119.42.

Como Perrie 15:09 GMT April 13, 2007 Reply   
Inflation was "uncomfortably high", the Federal Open Markets Committee meeting notes from 20-21 March said.

Gen dk 15:08 GMT April 13, 2007 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

USA Zeus 15:05 GMT April 13, 2007 Reply   
jkt-aye 14:47 GMT April 13, 2007
Three cheers! :-)
-Z-

London NYAM 15:05 GMT April 13, 2007 Reply   
For entertainment purposes if you are a fundy: Check out the monthly USDJPY chart and draw a trend line from the two Major highs Nov 1982 277.77 to Feb 1988 263.12 It capped off the last two highs in Jan at 122.18 and Feb 07 at 122.08.

It comes in this month at 119.50-55

Its almost enough to turn you into a techy.

USA Zeus 15:02 GMT April 13, 2007 Reply   
USA Zeus 14:34 GMT April 13, 2007

================
GBP.USD
Sell towards 1.9920. If rise sell again.

ab- Just to clarify- that was a "sell" now (after data) then sell anything up to 1.9920 for big fast gain- hope you got those pips!

NYC beyond_destiny 15:01 GMT April 13, 2007 Reply   
Halifax CB 14:52 GMT April 13, 2007

Thanx...look like positioning prior to G7

Gen dk 15:00 GMT April 13, 2007 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Como Perrie 14:57 GMT April 13, 2007 Reply   
Australia has been alarmed by the country's rise in HIV cases. Infection rates rose by 41% between 2000 and 2005.

http://news.bbc.co.uk/2/hi/asia-pacific/6551245.stm

hk ab 14:56 GMT April 13, 2007 Reply   
a/j 100 memorable bench marks not far away.
MIB= major itchy bunny funds.

London NYAM 14:53 GMT April 13, 2007 Reply   
EUR/JPY gunning for trend line resistance at 161.45

Thanks GVI. So that was coincident with the pop. Interesting but I remain scratching my head among other things.

hk ab 14:53 GMT April 13, 2007 Reply   
NYC beyond_destiny 14:49 GMT April 13, 2007

possible an reiteration of "strong dollar" policy....

Gen dk 14:52 GMT April 13, 2007 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Halifax CB 14:52 GMT April 13, 2007 Reply   
NYC beyond_destiny 14:49 GMT April 13, 2007
Just friday with Europe getting ready to close. Look for a double top within the half hour or so; if it occurs it's often good for a ST, tight SL contrary move.

hk ab 14:52 GMT April 13, 2007 Reply   
Kevin, if you can remember well, Martin once explained the massive sell off in eur, gbp, chf when it first touched that 1.3380. see archive from GC martin.

HK Kevin 14:51 GMT April 13, 2007 Reply   
Halifax CB 14:49 GMT, many thanks. Someone from outer space.

hk ab 14:50 GMT April 13, 2007 Reply   
MArtin can offer the explanation once again over teh weekend :P

Halifax CB 14:49 GMT April 13, 2007 Reply   
HK Kevin 14:48 GMT April 13, 2007
Men in Black. Sort of like Kampo, or the plunge protection team....

NYC beyond_destiny 14:49 GMT April 13, 2007 Reply   
What triggers the last sharp move? Is it a leakage of G7 as it seems the movement by major players and real money...

HK Kevin 14:48 GMT April 13, 2007 Reply   
hk ab 14:36 GMT, a stupid question. What is MIB?

jkt-aye 14:47 GMT April 13, 2007 Reply   
Mc Arthur is right, covered all loses against cad. nice fight.

USA Zeus 14:46 GMT April 13, 2007 Reply   
Don't forget- It is a Freddy Krueger Friday.

Global-View GVI 14:46 GMT April 13, 2007 Reply   
As reported on GVI:

NYC jr 14:37 GMT April 13, 2007
G7 source says there will be no change on FX in communique

hk ab 14:45 GMT April 13, 2007 Reply   
there are only two expalnation, massive intervetion or MIB as introduced by martin.

London NYAM 14:44 GMT April 13, 2007 Reply   
Trully glad to be out of the yen long. What is happeng? MIB now?! Looking at equities erased all the losses post number. Squaring out for the weekend perhaps is catching up with everyone a little early perhaps? Maybe the weather is nice in NY like here and the traders want to go home.

madrid mm 14:44 GMT April 13, 2007 Reply   
there u have it , march 3oth all over again...but don t know why

Gen dk 14:37 GMT April 13, 2007 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

USA Zeus 14:37 GMT April 13, 2007 Reply   
ab- MIB

USA Zeus 14:37 GMT April 13, 2007 Reply   
Forgot to mention that Mr Roboto filled some USD/CAD 1.1337's (offer rate) while offline. One last "all in" was not filled at 1.1287
-Z-

hk ab 14:36 GMT April 13, 2007 Reply   
intervention or MIB?

USA Zeus 14:34 GMT April 13, 2007 Reply   
hk ab 12:40 GMT April 13, 2007
Zeus, once gain, you get the applause on big trend.
Can you comment on gbp? TIA.

Thx ab- was all luck.
================
GBP.USD
Sell towards 1.9920. If rise sell again.


The Netherlands Purk 08:25 GMT April 13, 2007
Last thing i heard you where family of Frank Arnesen....

ROTFL! Sir Purkson you are wise beyond your years!
Now let's journey to Kaag and order that 100m Feadship.


Canberra JD 07:52 GMT April 13, 2007
Uh oh, whats this? We have Mr zeus shorting the aud/usd?...

I have truly fallen off my rocker! LOL


Well the good shepherd has made good and blessed the USD/CAD with a little spark.

GT!
-Z-censored

hk ab 14:33 GMT April 13, 2007 Reply   
sorry, typo, should read "dlr/jpy" instead of "gold".

London NYAM 14:32 GMT April 13, 2007 Reply   
Thanks Lahore.
btw good job on the closing of the jpy position. I only managed it at 118.40.

hk ab 14:30 GMT April 13, 2007 Reply   
gold will return to its open level to wait for the g7 outcome....

Syd 14:29 GMT April 13, 2007 Reply   
Dj Making Sense Of Michigan Data" Consumer sentiment fell in early April, continuing the pattern of volatility that has been in place for the past couple of years," says Steven Wood, of forecasting firm Insight Economics. "A lot of the recent fluctuations can be accounted for by the gyrations in gasoline prices," he says, adding, "despite the recent declines, the persistent deterioration in sentiment between the end of 2004 through the middle of 2006 appears to have been arrested, mostly because consumers have become more optimistic about the future."

Lahore FM 14:26 GMT April 13, 2007 Reply   
sold small nzdusd-0.7373.

Lahore FM 14:23 GMT April 13, 2007 Reply   
London NYAM 14:16 GMT April 13, 2007
i was referring not only to this data but to the nfp strong number which as soon as the week started monday ledt to 5 days of considerable usd selling and now there are two mixed numbers,the trade and ppi figs plus one bad ,the sentiment and usd stands put.

London NYAM 14:21 GMT April 13, 2007 Reply   
Thanks FXQ. Much appreciated.

London NYAM 14:20 GMT April 13, 2007 Reply   
Its starting to look a lot more like a stop-sweeping exersize to me...

RIC fxq 14:20 GMT April 13, 2007 Reply   
NYAM, the reports I am referring to are from desk traders and the indication they have been giving is that the afore mentioned offers are banded from 13550/13560 and then higher in the 13590/13610 ranges. Just an observation I've seen not my opinion or necessarily factual.

jkt-aye 14:18 GMT April 13, 2007 Reply   
good day, how is the cad musketeers doing ? LOL

London NYAM 14:16 GMT April 13, 2007 Reply   
FXQ Lahore// could you explain why you believe that rumour has affected this move in particular? I don't understand. The move was very dast after the figure, usually a sell the fact move would take a little time to respond.

PAR 14:12 GMT April 13, 2007 Reply   
Un of Mich 85.3 . Rising food and energy prices hurting consumer sentiment .

Lahore FM 14:11 GMT April 13, 2007 Reply   
RIC fxq 14:07 GMT April 13, 2007
yes,makes sense.

madrid mm 14:10 GMT April 13, 2007 Reply   
April 13 (Bloomberg) -- Russia's benchmark RTS Index surpassed the 2000 mark for the first time today. OAO Rosneft and OAO Lukoil led the gains on rising oil prices, a key support for the measure.

RIC fxq 14:09 GMT April 13, 2007 Reply   
London NYAM 14:07 GMT

one factor may be that there have been week long reports of "Eastern European" accounts on the offer.

hk ab 14:08 GMT April 13, 2007 Reply   
FM//too many early birds in teh mkt with the invention of internet and email.
btw, this dlr/cad can't break 1.1365 daily will be an omen for USD....imvho.

RIC fxq 14:07 GMT April 13, 2007 Reply   
ab and FM:

with "responsible" anlaysts making statements like the enotre forex market is dollar -ve, what can you`expect? Expectations are built in that US data is going to be bad. A "good" number is dismissed as an aberration and the bad is just as it should be.

PAR 14:07 GMT April 13, 2007 Reply   
Intervening in EURJPY could help Airbus survive .

Gen dk 14:07 GMT April 13, 2007 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

London NYAM 14:07 GMT April 13, 2007 Reply   
Could it be the market was really expecting much worse?
Could it be stop knock-outs before reversing?

Lahore FM 14:07 GMT April 13, 2007 Reply   
NYC beyond_destiny 14:03 GMT April 13, 2007
destiny it has been released on last turn of the hour.

NYC beyond_destiny 14:05 GMT April 13, 2007 Reply   
can't

Lahore FM 14:05 GMT April 13, 2007 Reply   
these are interesting times for usd.it moves opposite to the released figs.

hk ab 14:03 GMT April 13, 2007 Reply   
good news doeen't help, bad news doesn't kill. Leakage is the key....

now the mkt will enter the "exit" mode....

NYC beyond_destiny 14:03 GMT April 13, 2007 Reply   
If loonie and euro can move further with Conf data within one hour, that's it for usd bears in this week...

Sofia mik 14:00 GMT April 13, 2007 Reply   
85.3

Mtl JP 13:49 GMT April 13, 2007 Reply   
At the top of the hour:

U of M index of consumer sentiment mrkt: 87.5 vs 88.4

HK RF@ 13:35 GMT April 13, 2007 Reply   
madrid mm 13:14 GMT April 13, 2007

A market crash in China will be the best solution for the Gov., as it is to blame on a market action, not an action taken by the Gov.
Good alibi, less thinking whether to raise int. rates or place restriction on bank reserves.

RIC fxq 13:25 GMT April 13, 2007 Reply   
PAR 13:20 GMT

the problem with PPI (and CPI) is that the calculations are ridiculous. Light tricks and computers declined so that left PPI unchanged at the core level?

BS, how many trucks and computers do ordinary people buy every week or month compared to fuel for heating homes and driving vehicles not to mention feeding the wife and kids.

when OJ goes from 2.79 a container to 3.49 in a month or two and lettuce from 1.49 to 1.99 and unleaded gasoline from 2.09 to 2.72 / gal in a month or 6 weeks these horses behindsare telling me it doesn't cost more to live day to day because light truck and computer prices declined? Total crapola!

London NYAM 13:24 GMT April 13, 2007 Reply   
Gep// Pardon on closer examination that trend line acted as support for the bounce off 1.1040 in May 06. I cant see the one you refer to. The only trend line support I can see is at 1.1273 and rising (May 30th low mentioned and the Aug 30th low). It may yet test that low.
When you get your charts lety me know what you see if poss. TIA.

Gen dk 13:23 GMT April 13, 2007 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

madrid mm 13:22 GMT April 13, 2007 Reply   
could we have another march 30th, 07 move @ around 3pm gmt ?

Dallas GEP 13:21 GMT April 13, 2007 Reply   
AUD/NZD btw is near it's range bottom at 1.1270/80. I have a large spread on that pair so I won't be buying it but it is a good possie IMO

PAR 13:20 GMT April 13, 2007 Reply   
Problem with core PPI is that everybody pays headline ppi of 1% .

hk ab 13:16 GMT April 13, 2007 Reply   
PAR//gold not, it's just month high I think. multimonth should be 689.

Dallas GEP 13:16 GMT April 13, 2007 Reply   
NYAM YES, if memory serves me correctly because I don't have my charts up presently

The Netherlands Purk 13:15 GMT April 13, 2007 Reply   
i repeat: today being Friday is not suitable for shorting e/u at regular time being 1,5 hours from now.
I will wait till Sunday evening to do that.
Loonie: i saw 11330,05....
Swissy: tp is 40 pips.

PAR 13:14 GMT April 13, 2007 Reply   
Gold , silver, base metals all hit multi month highs .

madrid mm 13:14 GMT April 13, 2007 Reply   
China SyndromeClick here

London NYAM 13:14 GMT April 13, 2007 Reply   
Gep// re USDCAD: Are you referring to the trend linethat starts in 1980?

Dallas GEP 13:12 GMT April 13, 2007 Reply   
Shorted kIWI at 7368 because aud/nzd should long from here and if kiwI is going to EVER short again IMO it will short here between 7370 and 7400.

St. Annaland Bob 13:06 GMT April 13, 2007 Reply   
anyway, leaving orders to buy JPY against all in intervals of 10 pips from the current prices and going to sail ... trusting Tokyo's midnight effect to bring smiles later today ... safe and happy trades! ... great weekend to all

Dallas GEP 13:03 GMT April 13, 2007 Reply   
There are some signs that usd/cad has a decent chance of holding that 1.1320/30 support line.

Lahore FM 13:01 GMT April 13, 2007 Reply   
Sofia mik 13:00 GMT April 13, 2007
yes if eur and others don't fail here.today.

RIC fxq 13:00 GMT April 13, 2007 Reply   
Bob:

hot money knows no boundaries I guess.

Sofia mik 13:00 GMT April 13, 2007 Reply   
Lahore FM
more room for upmove in eur,srtg.aud,kiwi vs cad on monthly charts.
usdcad will follow hard

St. Annaland Bob 12:57 GMT April 13, 2007 Reply   
RIC fxq 12:51 GMT April 13, 2007

lol ... wish I could say that ... all the nations of parties involved in the prime and sub prime scams will suffer big time

RIC fxq 12:51 GMT April 13, 2007 Reply   
SA Bob:
and of course there are no real estate bubbles in the UK or EU and of course everyone in the US in on breadlines so ther you have it

PAR 12:50 GMT April 13, 2007 Reply   
Gold , silver, copper , crude all rallying sharply on the back of PPI and smaller trade deficit .

madrid mm 12:43 GMT April 13, 2007 Reply   
Lahore FM 12:41 GMT April 13, 2007

yes indeed

madrid mm 12:42 GMT April 13, 2007 Reply   
plus it is Australia vs. Ireland in the cricket world cup as well as the grand national in the uk tomorrow ...All the British dealers more interested in horses than currencies in the UK today !! 8-)

hk ab 12:42 GMT April 13, 2007 Reply   
GC martin, sorry for bringing the unhappiness this morning.
however, do you see those MIB team slipping in again on majors?

What's your view now? still 1.20 eur?

Lahore FM 12:41 GMT April 13, 2007 Reply   
madrid mm 12:39 GMT April 13, 2007
yes and not much extended.

PAR 12:40 GMT April 13, 2007 Reply   
Us Deficit with China declined but deficit ith Japan rose 9 % .

hk ab 12:40 GMT April 13, 2007 Reply   
Zeus, once gain, you get the applause on big trend.

Can you comment on gbp? TIA.

St. Annaland Bob 12:40 GMT April 13, 2007 Reply   
there is slow down in US, but those currently suffer are not in position to bring their suffering into the front pages ... but, when the Manhattan real estate egomaniacs will realize how bad it is then it will cause the real collapse .... the real bubble is there and it's blow is just around the nearest corner.

madrid mm 12:39 GMT April 13, 2007 Reply   
we just need a little bit of patience

RIC fxq 12:38 GMT April 13, 2007 Reply   
" Within the energy sector, gasoline prices rose 8.7 pct, the the sharpest gain since November. Residential natural gas prices rose 3.3 pct while liquiefied petroleum gas rose 6.5 pct in March.

Core inflation was tempered by a 1.2 pct decline in light truck prices in March and a 2.6 pct drop in computer prices."
AFX

of course I buy a light truck a month and computer every week but only heat my house once a year and eat every qtr and never drive my car

hk ab 12:36 GMT April 13, 2007 Reply   
GD and many have the same wonders, pre G7, no talk on the yen crosses..... big guns hidden?

RIC fxq 12:34 GMT April 13, 2007 Reply   
CAD surplues lower 4.83bln v 5.76.

no impact from US slowdown - rotfl

hk ab 12:33 GMT April 13, 2007 Reply   
means inflationary? staflationary?

Syd 12:32 GMT April 13, 2007 Reply   
US Feb Trade Deficit $58.44B; Consensus $60.00B
Jan Trade Gap Revised To $58.88B From $59.12B

Syd 12:31 GMT April 13, 2007 Reply   
US Mar Passenger Car Prices +0.2%
US Mar PPI Energy Prices +3.6%
US Mar PPI Crude Goods +3.2%; Core +7.7%
US Mar PPI Intermediate Goods +1.0%; Core +0.2%
US Mar PPI Ex-Food & Energy Unch%; Consensus +0.2%
US Mar Producer Prices +1.0%; Consensus +0.8%

Lahore FM 12:30 GMT April 13, 2007 Reply   
Sofia mik 12:29 GMT April 13, 2007
yes,watch the goose.

Sofia mik 12:29 GMT April 13, 2007 Reply   
LAhOre FM

US imports is 75- 85% of Canada's exports. Canadian economy is very sensitive to changes in the US econmy.
glgt

RIC fxq 12:25 GMT April 13, 2007 Reply   
hk ab - MS = Morgan Stanley

Syd 12:24 GMT April 13, 2007 Reply   
U.K. Chancellor of the Exchequer Gordon Brown said Friday that there would be no specific discussions about the level of the Japanese currency at a meeting of the Group of Seven leading industrial nations' finance ministers later today.

Speaking to journalists in Washington, Brown said that issues such as currency levels would "form part of the general discussion" at the G7 meeting.

But with regard to the yen, and the impact of the carry trade, "there is nothing specific on the agenda," Brown said.

Despite Brown's words European finance ministers are expected to raise concerns about the level of the yen during the G7 meeting. The Europeans believe that the yen's current relative weakness is unfavorable to their trade position.

RIC fxq 12:24 GMT April 13, 2007 Reply   
what a unique view poseur :) how original

Omaha Warren 12:22 GMT April 13, 2007 Reply   
The ol' greenback looks done and dusted to me. In a few years time you wont be able to give them away.

CT Cris 12:21 GMT April 13, 2007 Reply   
gbp.usd
=====
heading twd 19920 after data...buy now ...buy another if decline. at intervals 30 pips.

ny platt 12:20 GMT April 13, 2007 Reply   
sold euro at 1.3543 stop 1.3550 target is 1.3450

Lahore FM 12:20 GMT April 13, 2007 Reply   
usdcad slight bid.

Stockholm Bjorn 12:18 GMT April 13, 2007 Reply   


I work all night, I work all day, to pay the bills I have to pay
Ain't it sad
And still there never seems to be a single penny left for me
That's too bad
In my dreams I have a plan
If I got me a wealthy man
I wouldn't have to work at all, I'd fool around and have a ball

Money, money, money
Must be funny
In the rich man's world
Money, money, money
Always sunny
In the rich man's world
Aha-ahaaa
All the things I could do
If I had a little money
It's a rich man's world

A man like that is hard to find but I can't get him off my mind
Ain't it sad
And if he happens to be free I bet he wouldn't fancy me
That's too bad
So I must leave, I'll have to go
To Las Vegas or Monaco
And win a fortune in a game, my life will never be the same

Money, money, money
Must be funny
In the rich man's world
Money, money, money
Always sunny
In the rich man's world
Aha-ahaaa
All the things I could do
If I had a little money
It's a rich man's world

Money, money, money
Must be funny
In the rich man's world
Money, money, money
Always sunny
In the rich man's world
Aha-ahaaa
All the things I could do
If I had a little money
It's a rich man's world

It's a rich man's world

hk ab 12:18 GMT April 13, 2007 Reply   
PAR//Who's MS?

RIC fxq 12:10 GMT April 13, 2007 Reply   
PAR 11:37 GMT

what utter claptrap!

PAR 12:08 GMT April 13, 2007 Reply   
MS engaaging in a $ 2.5 billion carry trades by borrowing the equivalent yen amount to buy some japanese hotels .

Mtl JP 12:02 GMT April 13, 2007 Reply   
PAR 11:37, that is D O K T O R Wolfowitz to you... as he likes to be addressed

madrid mm 11:57 GMT April 13, 2007 Reply   
PAR 11:51 GMT April 13, 2007

i do remember very well....Different reasons though.It was for expenses i believe, ie marble floor etc

Como Perrie 11:57 GMT April 13, 2007 Reply   
looks bit slower the last global-view restyle...

ref. politicians, most of them 80-90 pct are suffering from sort of expanded ego, near schizofrenia. as a result many many of them are using pharma and other things to keep their image and attention at very very high stress levels.

politicans are also one of the 5 categories of workers that spend most for whores, drugs and the whole strange things their ego is making them fall into

PAR 11:51 GMT April 13, 2007 Reply   
Remember French top banker Attali at EBRD . Same story . Are they underpaid ?

Como Perrie 11:47 GMT April 13, 2007 Reply   
Might be an excuse yes, but all powers are doing same as he did imo

G7 finance meeting amid Wolfowitz row
France24, France - 33 minutes ago
This as World Bank president, Paul Wolfowitz, faces calls to resign over a favoritism scandal surrounding his girlfriend. (Report: L.Kammourieh) ...
Wolfowitz apologizes for aidingpartner Chicago Tribune
Wolfowitz apologizes for helping friend secure plum job Globe and Mail

PAR 11:37 GMT April 13, 2007 Reply   
Apparently Wolfowitz story further undermining dollar confidence .

Como Perrie 11:31 GMT April 13, 2007 Reply   
cable might get crazy between 1.99 and 1.98

Como Perrie 11:29 GMT April 13, 2007 Reply   
most will be looking ex food PPI, but in case trade deficit drops clearly might be surprise to market.


canada's is expected between 6 billion and 7.5.. the higher the more cad bullish..but on the opposite side we do have that 60 us

so those yet in usdcad must watch It very very closely

Gen dk 11:26 GMT April 13, 2007 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Como Perrie 11:21 GMT April 13, 2007 Reply   
Morning...

complex ahead with the US datas coming out

US trade balance
US PPI

Canadian trade balance for february as well at the same time

The Netherlands Purk 11:19 GMT April 13, 2007 Reply   
long swissy at 12076. s/l 12061....

Syd 11:14 GMT April 13, 2007 Reply   
MOSCOW (AP)--Police Friday said they would crack down strongly on unauthorized demonstrations, as protest organizers vowed to defy a ban on marching through Moscow's center and warned antigovernment activists were being detained preemptively.

On the eve of a weekend of demonstrations in the Russian capital and in St. Petersburg, Moscow police official Viktor Biryukov told Ekho Mosvky radio that more than 9,000 police and Interior Ministry officers would be on city streets Saturday when organizers of the so-called Dissenters' March plan to hold their fourth protest in five months.

GVI john 11:12 GMT April 13, 2007 Reply   
At 12:30 GMT (08:30 EDT), the February U.S. trade gap is seen at $60.0bln vs. -$59.1bn in January. Also March PPI is seen at +0.7% m/m vs. +1.3% in February. Core PPI is seen at +0.2% vs. +0.4%. The April preliminary University of Michigan Sentiment index is seen at 87.5 vs. 88.4 in March.

PAR 11:06 GMT April 13, 2007 Reply   
Huge bids from japanese and us names in USDJPY from 118.20 to 117.75 . Srops below .

Halifax CB 10:58 GMT April 13, 2007 Reply   
madrid mm 10:48 GMT April 13, 2007
good article mm, thx.

GVI john 10:50 GMT April 13, 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	1.3481	119.06	1.2167	1.9781	1.1351	0.8288	160.50
High	1.3505	119.52	1.2247	1.9812	1.1410	0.8292	160.87
Low	1.3430	118.80	1.2131	1.9728	1.1337	0.8235	160.18
12-Apr-07							
Simple mva	basis =>	39184.00					
5 day 	1.3412	119.22	1.2206	1.9702	1.1452	0.8223	159.90
10 day	1.3390	118.79	1.2191	1.9718	1.1504	0.8188	159.06
20 day 	1.3357	118.21	1.2164	1.9659	1.1565	0.8118	157.89
50 day 	1.3214	118.75	1.2258	1.9560	1.1661	0.7942	156.92
100 day	1.3154	118.81	1.2261	1.9581	1.1648	0.7890	156.28
200 day	1.2945	117.95	1.2347	1.9206	1.1454	0.7744	152.70

St. Annaland Bob 10:49 GMT April 13, 2007 Reply   
hi theEUROqueen!

with USDJPY having 90 pips at least to close below last week's low, it could be obvious to get EUR above 13600 close this week ... taking extensions into play and this week end line may come out with drama at JPY shores ... but then, FX gods would hit hardest as the CANTON show fills Chinese pockets with more and more USD ... roger, hope your enigma can translate this one ;)

madrid mm 10:48 GMT April 13, 2007 Reply   
April 13 (Bloomberg) -- For the better part of 20 years, economists have been warning that the widening U.S. current- account deficit is unsustainable. Click here

GVI john 10:47 GMT April 13, 2007 Reply   
GVI Calendar of selected key economic data, central bank meetings, etc....

Omaha Warren 10:46 GMT April 13, 2007 Reply   
Me and Charlie like the way the markets are behaving. How many fund managers charging outrageous fees blew up this week?

EU theEUROqueen 10:40 GMT April 13, 2007 Reply   
happy day Bob!

we must be ready to trade the wild seas ..be ready Bob for that ..

Happy trade

PAR 10:36 GMT April 13, 2007 Reply   
US multinational stocks benefitting from lower dollar , especially companies like Boeing .

Atlanta South 10:31 GMT April 13, 2007 Reply   
Sofia Kapricorn
10:18/Very good point & I agree. Its knowing when to stay
out of the chop chop that can occur @ times that can keep
you account on the + side. Tks for your informative post &
gt.

Global-View 10:31 GMT April 13, 2007 Reply   
PLEASE NOTE: We have added a new navigatioon bar at the top of our pages. Click on each to see a directory of everything offered on our site.

Sofia Kaprikorn 10:30 GMT April 13, 2007 Reply   
while we have our attn on USDCAD:
Daily MACD is pointing downwards and Hist is buiding lower while all Mid Term MAs are almost vertical down

on 2 H - MACD is flat - the signal line crossed back up but it looks like prone to cross again to the down side...
if we compare to its shape on Mar 20 - 23 - at present it's not so much in Oversold condition
> the 200 MA is tilted already to the downside..
- - pls excuse these posts -

Atlanta South 10:26 GMT April 13, 2007 Reply   
Lahore FM
Ref 10:18/ I agree as my method still showing no near bottom.
Could be open even below 1300. Had I followed my signal, I
would have been short from 1512 area, but I didn't & you
know th rest. The same for E/$ as its still forging ahead.
Thats trading & I done for today. Have a great weekend.

Bangkok sesame oil 10:25 GMT April 13, 2007 Reply   
hi forum...I am new here , I think euro yen is going to 159.40
any comment?

Sofia Kaprikorn 10:18 GMT April 13, 2007 Reply   
it is interesting for me what Gooner wrote yesterday re MA cross:
> Quote: "As you know the moving averages cross signals are good but we need the price to get back to them before entering in the direction of the crossover."

this rule is obvious - USDJPY on Hourly went back to 119.17 where exactly the 20 MA crosses the mid term MA>50...

very nice rule on MA cross signals - I didn't have any clue about it till Gooner's remarks ...

btw - given the MA direction Hourly charts as well as 2 & 4 H ... show that we have already established directions:
EURUSD & GBPUSD have all mid term MAs pointing up
USDCHF & USDJPY MAs have crossed to signal a reversal - and actually made the reversals we discussed yesterday..
things that FM was speaking a week ago...

Lahore FM 10:18 GMT April 13, 2007 Reply   
Atlanta South 10:15 GMT April 13, 2007
you are welcome.usdcad light poistioning quite warranted around here.

Plovdiv Gotin 10:15 GMT April 13, 2007 Reply   
Lahore FM 09:53 GMT April 13, 2007
Agreed, but as long as 1.3512/16 hold we sud see 1.3573/79 at least today and if not hold -->1.3606/11.GT

Atlanta South 10:15 GMT April 13, 2007 Reply   
Lahore FM
Tks for the call several days ago on the USA/JPY seeing lower
to the 118.00 zone as again you are on the mark. My system
was showing lower as well, but my patience was giving out.
My system did keep me out from longing $/Cad last date as it
was constantly showing stay short. This business as we all
well known can test your patience to the max @ times. Again,
thanks for your always valued views. gt

St. Annaland Bob 10:05 GMT April 13, 2007 Reply   
my remark regarding the cheap volatilities and PUT EUR advised above EURUSD 13600 level ... generally, market will have to visit 13300 levels again sooner or later before any further development ... break above 13750 before such a visit will void that view and will bring trading into wild seas ... happy trades!

Lahore FM 09:56 GMT April 13, 2007 Reply   
usdcad stop lowered to 20 from 25.it is intent on taking it though.

Lahore FM 09:53 GMT April 13, 2007 Reply   
Gotin,maybe 1.3420/30.it is all tentative right now.

PAR 09:53 GMT April 13, 2007 Reply   
Shouldn t UK take action if some of its citizens like Berezovsky from his London base admits he is planning terrorist action against Russia ?

Lahore FM 09:52 GMT April 13, 2007 Reply   
The Netherlands Purk 09:50 GMT April 13, 2007
quite agree Purk.

Plovdiv Gotin 09:51 GMT April 13, 2007 Reply   
And 1.9880 about Cable?

The Netherlands Purk 09:50 GMT April 13, 2007 Reply   
Lahore FM 08:54 GMT April 13, 2007

Watch 12167 and down : 12067.... if 12067 gets vio... than it gets ugly, and if 12167 is vio than we are smiling birds.. Everybody wants to short usd now so we will see some nice corrections, but want to see f.e. e/u at 13569 ish...

The Netherlands Purk 09:48 GMT April 13, 2007 Reply   
Open letter

Dear mr. What is your name ( Mike Pinion, Luke Lurkson, Sydney).
Please reveal your cloke if that is correct English, because it looks like you have the wrong information about people who you do not know in person. Furthermore it looks like you are bit frustrated with some people here.

So either you are working with poultry and somewhere along the line your head stuck between the conveyor belt or your d. is so short that anything will frustrate you.

On the other hand back to fx now: MIB again trying to work on my 11330….. Spoken to nextdoorneighbour, he is first doing some other stuff than trying to work on loonie….

Plovdiv Gotin 09:47 GMT April 13, 2007 Reply   
I mean 1.3573/77.

Plovdiv Gotin 09:45 GMT April 13, 2007 Reply   
Lahore FM 09:21 GMT April 13, 2007
Good for U mate and now what 1.3373/77 about euro?TIA.

St. Annaland Bob 09:41 GMT April 13, 2007 Reply   
happy day! ... with volatilities being cheap, it will be wise to take some of the pips made aside and buy PUT EUR options ... this business kills always when players see the market as one way only ... happy and safe trades

Lahore FM 09:21 GMT April 13, 2007 Reply   
Lahore FM 22:58 GMT April 5, 2007
Lahore FM 04:28 GMT March 30, 2007
gbousd now 1.9630 target 1.9920.

Lahore FM 04:27 GMT March 30, 2007
eurusd long entred 1.3343-target 1.3540.
--------------
today gbpusd may not make to 9920 as it is getting sold on some major crosses.
also there can be a pause in usd slide.

bayern fc 09:20 GMT April 13, 2007 Reply   
every japanese baby born get a gift carry trade aud or nzd is best every yen save go for carry

madrid mm 09:13 GMT April 13, 2007 Reply   
“When dealing with people, remember you are not dealing with creatures of logic, but with creatures of emotion, creatures bristling with prejudice, and motivated by pride and vanity”

Dale Carnegie (American lecturer, author, 1888-1955)

PAR 09:12 GMT April 13, 2007 Reply   
CPI is the easiest to manipulate of all economic indicators and the japanese are brilliant at that . Not so lng ago they changed basis and composition of index to make sure it keeps showing deflation . It is all about perception , reality is very different .

Dublin Flip 09:09 GMT April 13, 2007 Reply   
bingo fc

bayern fc 09:06 GMT April 13, 2007 Reply   
par how possible yen fall against all currency and not lift inflation i think boj manipulate cpi

PAR 08:59 GMT April 13, 2007 Reply   
With rising Chinese interest rates China s subprime loan problems could be bigger than Americas. A rising Yuan making Us imports from Chinese goods more expensive may sent Us core PPI sharply higher while at the same time leading to an increased trade deficit . Sound logical but who knows .

Lahore FM 08:57 GMT April 13, 2007 Reply   
from 2243 =from 3343

Lahore FM 08:55 GMT April 13, 2007 Reply   
Mumbai NS 08:52 GMT April 13, 2007
thanx mano.the best job done was closing of eurusd from 2243 yesterday at 3490.forgot to put it here as was busy day cashing in loads and loads.

Lahore FM 08:54 GMT April 13, 2007 Reply   
The Netherlands Purk 08:50 GMT April 13, 2007
there is a hint of that.

The Netherlands Purk 08:53 GMT April 13, 2007 Reply   
Last comment than out for a while otherwise i will break the record of Del boy here. e/j just broken one of my borders at 16018. Next border is 15970-15940-15890.
On the upside that 16018 and 16050-16080.

Mumbai NS 08:52 GMT April 13, 2007 Reply   
FM gud job done mate ! glgt

Illinois Mike Pinion 08:51 GMT April 13, 2007 Reply   
The Netherlands Purk 08:25

When the OZ (Ozzy Osbourne) gets high, he swears a lot

When the OZ (Aud/$) gets high, it makes other people swear a lot.

The Netherlands Purk 08:50 GMT April 13, 2007 Reply   
Question concerning swissy is if we can see the jump from 12090 to 122 again?

Austin GW 08:49 GMT April 13, 2007 Reply   
NYC beyond_destiny 06:49 GMT April 13, 2007
double swissie long, will evaluate the S/L by Fri close

What are your targets for the position?

Lahore FM 08:49 GMT April 13, 2007 Reply   
clsoed most shorts at 234.97 and 118.28 .

Toronto MRC 08:48 GMT April 13, 2007 Reply   
Some carry cover prior to G7 statement and PPI data. GE reports before the bell and oil just crossed 64.50
With weakness in the dollar (even against the yen) today could be pretty choppy on the US market.

imho

PAR 08:39 GMT April 13, 2007 Reply   
Imho it is a misconception that a stronger euro ( weaker dollar ) reduces european inflation . A weaker dollar just sent base metals, precious metals, crude , plastics, food etc sharply higher which usually more than offset the rise in the Euro .

AZUSA 4x-ed 08:37 GMT April 13, 2007 Reply   
The Netherlands Purk 08:25 GMT April 13, 2007 || I believe he wears his klompen religiously... even on the soccer field ;-)

The Netherlands Purk 08:25 GMT April 13, 2007 Reply   
USA Zeus 04:43 GMT April 13, 2007

Last thing i heard you where family of Frank Arnesen....

Gold Coast Martin:
Hello Martin, how is life? Can you explain what means dick ... head? In our regions Dick is a well respected man, did you meet UP with him?
Can you give (only me) some comment on the OZmond?

Cheers

Lahore FM 08:23 GMT April 13, 2007 Reply   
bought usdchf at 1.2110.

hk ab 08:22 GMT April 13, 2007 Reply   
GBP$2 target is very close, guess usd will replace the role of yen soon.

Syd 08:19 GMT April 13, 2007 Reply   
ECB President Trichet set the market up for some pre-G7 JPY position trimming Thursday when he repeated the well-worn phrase that Japan's economic improvements should be reflected in the JPY, notes Commerzbank. Says it could see EUR/JPY slip toward 159.50 until the G7 risk passes, but then 161.00 beckons. EUR/JPY now at 160.43, from the day's high of 160.88

Sofia Kaprikorn 08:19 GMT April 13, 2007 Reply   
The Netherlands Purk 08:09 //
that was a good one! GL GT!!

PAR 08:18 GMT April 13, 2007 Reply   
All european politicians and burocrats are still on Easter holiday that is the mean reason why they dont comment on the Euro . German finance minister Steinbruck decided to stay on holiday instead of going to G7 in Washington to copy the Essen statement which was a copy of the pevious G7 statement which was a copy of ...

The Netherlands Purk 08:13 GMT April 13, 2007 Reply   
Whatever happened to within 10 pips? Never saw him again after calling the beast and moved 16 million pips against him.

CT Cris 08:11 GMT April 13, 2007 Reply   
Ranat Afal BSB 07:17 GMT April 13, 2007
CT CRIS, can I have your opinion on cable for today ?
many thanks

======
it is in sideways uptrend will continue after us data then will decline.
buy at dip during europe..exit fast.

The Netherlands Purk 08:09 GMT April 13, 2007 Reply   
e/j: no word on that b... only that is going steady to the 161. Note that every border has its bounce. Just devide every border in your own parts and short or long to that parts... s/l is difficult there, just decide what you want to lose (important part of trading)

Loonie: lotsa fights now to violate the 11330. I am sure there are mib who want to take that border. But beware of my nextdoor neighbour, he is seen here...

OZmond: tried a quick 8331 short but bailed out, i am not confident enough to short for 20 pips because it seems to be in a flow.

Cable: i sold, than bought, than sold and hedged, than bought for to sell the buy. Want to know where? Just take a chart and find out all lows and highs for the past 12 hours, that was me.PLOL

hk ab 08:08 GMT April 13, 2007 Reply   
someone use gbp/jpy to hedge dlr/jpy short for sure.

Syd 08:07 GMT April 13, 2007 Reply   
Expect China to not only hike interest rates some more, but also to allow the CNY to appreciate more rapidly, says Calyon. The bank reaches this conclusion following Thursday's data showing foreign reserves rose by a record-busting $136B during the first quarter. This is twice the amount represented by the trade surplus and foreign direct investment during that period. "There has been a massive comeback of financial flows," the bank says, noting this will jeopardize the PBOC's ability to engineer a soft landing. "The situation requires both more CNY appreciation and higher interest rates," the bank says, forecasting the PBOC will raise the one-year lending rate to 6.66% this quarter and the USD/CNY can reach 7.55 by June. The rate is now at 7.731.

Gen dk 08:02 GMT April 13, 2007 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

CT Cris 07:59 GMT April 13, 2007 Reply   
Amman WTF Hourly 07:18 GMT April 13, 2007
I already say it-

CT Cris 10:51 GMT April 12, 2007
gbp.usd
====
sell at 19770 , sell another after data if rise at 19800 and another at 19835.
======
person whom hide under Amman WTF

we sold @ 19770 ,price rose then we sold another @ 19800.
strategy says exit both at or around your entry point.
market reversed below 19770 and exited all postions with profit.
traders knew that you are disfigure my calls.

Lahore FM 07:57 GMT April 13, 2007 Reply   
usdjpy finally careening lower.118.40 break can see much lower.

Syd 07:53 GMT April 13, 2007 Reply   
Sydney ACC 07:46 GMT market seems to be getting a little carried away everyone on the sell side of the USD , a bit scary dont you think

Illinois Mike Pinion 07:53 GMT April 13, 2007 Reply   
What a nice, well-mannered young man.

Gold Coast martin 11:00 GMT March 4, 2004
i am too much of a gentleman to stoop to your low level...

Gold Coast martin 04:15 GMT March 1, 2004
hi everyone...i am trying get on to a live trading platform and after downloading the software and put in my id and password i cannot get in for some reason.I was told that it may be my anti virus soft ware that is preventing me from logging in.Any help anfd thoughts will be appreciated...

AZUSA 4x-ed 07:52 GMT April 13, 2007 Reply   
I guess this is a case of 'kill thy rogue warrior" exchage program... 'you get rid of Berezovzky and I get rid of Chavez.' In the meantime, oil flows cheaply from Canada... NOT

Syd 07:52 GMT April 13, 2007 Reply   
Sydney ACC 07:46 dont think the pound will run away remeber last time it dropped like a stone, may be different this time around but hear there are a few lined up ready to sell

Canberra JD 07:52 GMT April 13, 2007 Reply   
Uh oh, whats this? We have Mr zeus shorting the aud/usd?...

The Netherlands Purk 07:47 GMT April 13, 2007 Reply   
hmm yesterdays pips in e/u where so fast because MIB where building up possies, so was lucky...
The nice shorting stuff will not be today, because it is Friday, but when i sniff 136 i will short for 13450...

Sydney ACC 07:46 GMT April 13, 2007 Reply   
Syd 07:43 GMT April 13, 2007
I think its shaping up the same as Aussie, when it breaks through 2.00 it will add a few more cents fairly quickly.
By the way I heard from a mate at one of the Aussie banks an Asian central bank bought AUD 700 million from them yesterday. That was one trading bank what about the others?

Silverthorne AL 07:43 GMT April 13, 2007 Reply   
Noone seems to have any patience these days. why mount a coup and disclose it in advance. makes no sense. Putin steps down next year anyway

Syd 07:43 GMT April 13, 2007 Reply   
Cable is gradually moving toward the much talked about $2.00 level, but sellers are waiting in the wings for $1.99 to print just in case the pair tops out like it did in January, says a UK bank trader.

Syd 07:41 GMT April 13, 2007 Reply   
PAR 07:39 GMT Euro wouldnt be happy

PAR 07:39 GMT April 13, 2007 Reply   
Coup in Russia can easily sent crude to $ 100 .

USA Zeus 07:36 GMT April 13, 2007 Reply   
While everything else simmers at least my oil directional break currently at 64.45 has cranked along from my 61.80-

USA Zeus 18:32 GMT April 11, 2007
Well today's exciting bucking bronco oil ride from the quadratic fulcrum point of 61.80 has cleared the path for what looks like a direction break on Thurs.

Syd 07:32 GMT April 13, 2007 Reply   
Russian Tycoon Plotting Violent Overthrow Of Putin - Report
Russian tycoon Boris Berezovsky has told The Guardian newspaper he is plotting the violent overthrow of President Putin from his base in the U.K. after forging close contacts with members of Russia's ruling elite.
In comments in Friday's edition, the multimillionaire said he was already bankrolling people close to the president who are conspiring to mount a coup but said he couldn't give details because the information was too sensitive. "We need to use force to change this regime," he said. "It isn't possible to change this regime through democratic means. There can be no change without force, pressure."
http://www.guardian.co.uk

Syd 07:29 GMT April 13, 2007 Reply   
Rand steady against the major currencies, following SARB MPC's decision to leave rates unchanged. USD/ZAR at 7.1493 from an overnight close of 7.1395. "The market is looking long dollars right now, so we might see a bit of a shake out down to 7.05," says a trader.

Syd 07:26 GMT April 13, 2007 Reply   
The Australian share market ended weaker Friday, retreating from a record high, with a strong Australian dollar putting pressure on offshore income earners including Westfield Group.

Amman WTF Hourly 07:18 GMT April 13, 2007 Reply   
I already say it-

CT Cris 10:51 GMT April 12, 2007
gbp.usd
====
sell at 19770 , sell another after data if rise at 19800 and another at 19835.

Ranat Afal BSB 07:17 GMT April 13, 2007 Reply   
CT CRIS, can I have your opinion on cable for today ?
many thanks

PAR 07:15 GMT April 13, 2007 Reply   
Foreign investments in Japan all have a negative impact on the yen since they are all financed with gigantic syndicated yen loans .

PAR 07:10 GMT April 13, 2007 Reply   
Kampo protecting 118.50 level on USDJPY .

NYC beyond_destiny 06:49 GMT April 13, 2007 Reply   
double swissie long, will evaluate the S/L by Fri close

Likely to see further range bounding of swissie in next 4-6 weeks...

USA Zeus 06:41 GMT April 13, 2007 Reply   
Sold AUD/USD .8333 steady as she goes...

Syd 06:41 GMT April 13, 2007 Reply   
Morgan Stanley (MS) has agreed to buy 13 hotels in Japan from All Nippon Airways Co. (9202.TO) for about Y281.3 billion, in a deal that will mark a major investment in Japan's hotel business by the U.S. investment bank.

PAR 06:11 GMT April 13, 2007 Reply   
The economic news from Japan is always bad but again Toyota s march european car registration rose 6.2% and Sony playstaion sales are exploding .

Sofia mik 06:09 GMT April 13, 2007 Reply   
hk ab 03:50 GMT April 13, 2007
nobody touch cad at all after initial attempt at 1.1330

I m long from 1361 for next 18-24 mnts ,watching 1.30/31 lvl.
acc hold to 0.95, will add more momey if seen
pls , don't think me mad... .)
glgt

Hong Kong Ahe 06:07 GMT April 13, 2007 Reply   
USA BAY 04:54 GMT April 13, 2007
Hi Bay and ab, 0.7465 in 2005 is the historical top since 1993. The 2nd high was 0.7150 in 1997. If it breaks above 0.7500, the target will be 0.7750 (close to 0.78) with intermittant key resistance 0.7666. NZDYEN has already broken its top of 2005. GL and GT.

Macau Sofia 06:00 GMT April 13, 2007 Reply   
Best way to burn your finger is by selling AUD or NZD.

madrid mm 06:00 GMT April 13, 2007 Reply   
so 3 english teams in the champions league semi and
3 spanish teams in the UEFA semi.....Talk of European diversity
lol 8-) and Vancouver wins in the 4th o/t over Dallas in the NHL!!!!

madrid mm 05:52 GMT April 13, 2007 Reply   
Focus on G7/IMF meeting today, for any comments on record high EUR/JPY, EUR/CHF, and carry trades.

Highlights

US Trsy UnderSec Tim Adams: "G7 will discuss the global economy, capital markets issues, trade, and IMF reform, among other things. This G-7 meeting will include dinner with China and counterparts from Russia, Saudi Arabia, and UAE to discuss investment flows from oil exporters. On Monday, Treasury will host a meeting of the

U.S.-China Joint Economic Committee (JEC), an important forum for discussing macroeconomic and financial issues in our two countries.

UK Daily Telegraph "Super-euro may spark a currency war while French battle the ECB" The EUR rise to all-time high against the yen and surged to $1.35 against USD, setting the stage for a battle between French politicians and the ECB for control of the currency.

Global currencies are going through a major realignment as Europe takes over as the engine of world growth and the US starts to trip, setting off an exodus from USD assets. Germany is strong enough to withstand the pain of a 'super-euro', but Q1 data shows Toyota making inroads into the German market.

BoJ Governor Toshihiko Fukui, speaking in Washingtojn, says US economy is likely to achieve soft landing as house sector adjustment have been within expectations.

PBoC set CNY at 7.7244, highest since its July 2005 revaluation.

PBoC Gov Zhou Xiaochuan says low inflation is PBoC's priority rather than try to curb asset price rise- China Business News.

NZ Retail sales for Feb surged +1.9%m/m, its fastest pace since March 2004, vs mkt expectation of +0.5%. Core retail sales, excl car/ fuel - surged 2.3%m/m.

NKS: Major U.S. brokerage group Morgan Stanley plans to buy in a single transaction 13 domestic hotels owned by All Nippon Airways, The Nikkei learned Thursday. The transaction, valued at approx Y280b ($2.35b), will be the largest real estate deal in Japanese history.

USD remains under pressure in Asia today, with EUR/USD charging to fresh 27 month highs of 1.3524, after taking out large 1.3520 triggers, on broad based demand, to its highest level since March 2005, before coming off again on profit-taking and position adjustment ahead of G7, and some focus UK Daily Telegraph article on euro currency war.

EUR/JPY hit new highs of 160.88, but capped ahead of 161.00 triggers, with Japanese exporters/ trust banks, European houses selling in USD/JPY, EUR/JPY, pushing it lower to 160.30, and market cautious of any G7/ European comments on EUR/JPY.

Japanese mega-city banks, trust banks and German and UK clearers good sellers in USD/JPY above 119, pushing it to day lows of 118.74, clearing large US investment houses bids. More bids at 118.50-60. GBP/JPY supported on dips, with talks of Russian/ East Europeans demand at 235 lows.

Aussie broke 0.8300/ 0.8325 triggers in stages on broad based buying to fresh 17 year 6 month highs 0.8331, while Kiwi rallied after stronger Retail sales trigger talks of RBNZ hike, with Kiwi hitting 25-m highs of 0.7357 from 0.7300 lows. AUD/JPY hit fresh 10-year highs near 99, with focus now on the Big 100 AUD/JPY.

GBP/USD broke 1.9820-22 to hit 3-m highs of 1.9837, with focus now on the January 23 14 year 4m highs of 1.9917, highest level since Sept 1992 when Cable was in ERM.

Talks of Sovereign, CBs names still buying EUR, GBP, AUD on dips, after intervening in their units.

Nikkei -181.32pts or 1.03% at 17,359. JGBs edging a tad higher, with 10-yr yield at -0.050% at 1.660%.

Asian FX range: USD/JPY 118.72/119.18, EUR/USD 1.3482/1.3524, GBP/USD 1.9785/1.9837, USD/CHF 1.2144/1.2174, AUD/USD 0.8288/0.8331, NZD/USD 0.7298/0.7358.

madrid mm 05:50 GMT April 13, 2007 Reply   
hello fx jedi

17:00 USD Fed's Fisher speaks

Gold Coast Martin 05:47 GMT April 13, 2007 Reply   
Sydney 05:31 GMT April 13, 2007
get your facts right dick ..head...also dont mention my name in vain as we are from totally opposite sides in the forex food chain....

AZUSA 4x-ed 05:40 GMT April 13, 2007 Reply   
Hong Kong JS 05:22 GMT April 13, 2007 || Don't underestimate Chinese, they are clever, hardworking, smart and has 5000 years of civilisations, …

Add to this list: proud and soon to be free

As for the 05:27 GMT April 13, 2007 MacArthur is long dead and the so called Allies are happy to welcome them to the 0-line world economy. But to answer your question… nobody can beat that number. Not even the communist leadership.

hk ab 05:33 GMT April 13, 2007 Reply   
keep an eye on yen cross.... mission possible.

Sydney 05:31 GMT April 13, 2007 Reply   
Point is ab, we can do without his racist comments all the time.

hk ab 05:31 GMT April 13, 2007 Reply   
Hong Kong Ahe 04:52 GMT April 13, 2007
Rate Rise Expectation of NZDUSD as soon as its next April 26 review of RBNZ, NZDUSD will challenge its previous high in 2005 of 0.7465. Now it is at 0.7343. GL and GT.


What's next do you anticipate? Ahe.

USA Zeus 05:27 GMT April 13, 2007 Reply   
Ok- Last one for me for a while as I let the shepherd bless USD/CAD...

The Wall Street Journal reports that the number of US households with liquid assets of $20 million or more is increasing by 3,000 households a year. The rich continue to increase in both numbers and worth, in spite of the widespread pessimism about the outlook for the economy among wealthy investors.

And

Nationwide, households with a net worth of at least $1 million excluding primary residences rose 8 percent to a record high 8.9 million-
http://money.cnn.com/2006/03/28/news/economy/millionaires/censored

Hong Kong JS 05:27 GMT April 13, 2007 Reply   
they ambushed Mcarthur's 1st marine 50,000, and they pushed Allies back to 38 line with 800,000 troops with 400,000 casualties in Korean war, they have 14billion soon 15.5billion people, can you beat that number?

Mumbai NS 05:24 GMT April 13, 2007 Reply   
Oops think we are vacillating oilman gud call on euro cheers btw what from here gl gt

Hong Kong JS 05:22 GMT April 13, 2007 Reply   
I don't see why you people on about the future richness of people has to do with forex now and here. Well, anyway I believe the world economy for the next 50 yrs is in China. Don't underestimate Chinese, they are clever, hardworking, smart and has 5000 years of civilisations, only problem was they are patient race like the India people, they didn't dominate the world until soon.

Sydney 05:21 GMT April 13, 2007 Reply   
hk ab 02:58 GMT April 13, 2007
If GC Martin can come and drop a comment today, I am sure today will be extremely volatile :D

His last comment:

ldn 08:01 GMT April 6, 2007
CT Cris 07:48 GMT April 6, 2007
..and i suppose you are going to say..A I SAID after NFP...give it a break Wasssef...or if you think you are good looking Arab you may want to change your name to ...AS.SIF...lol..

AZUSA 4x-ed 05:09 GMT April 13, 2007 Reply   
Monaco Oil man 04:55 GMT April 13, 2007 || I take issue with this statement:

As for NEW millionnaires growing exponentially , it's definitely not happening, the circle is always getting smaller (as per the first 3 lines)..

The 'nouveau riche' of India and China are but a mere example of spillover effect of this exponential growth. Perhaps a read of some Forbes statistics is in order?

Monaco Oil man 04:55 GMT April 13, 2007 Reply   
Like in any game though, and this game has been running for quite awhile, money goes to the most skilled , or those with an advantage.
Meaning it is harder and harder for new people without an advantage(or money) to make money .
Just demographics , lower resources and of course the billions of people entering the 3rd world(Africans, Chinese, Indians..etc) in the next 15-20 years , will keep the curve exponential the other way.(Towards major poverty).
In fact the next 50 Years , the world will face its most severe times of poverty.

As per the The deci-millionare (millionare 10+ times over) category growth rate is growing the fastest and that billionaire list has a freshman list that grows exponentially each year.

You probably mean the ones who ALREADY have assets are generating more equities faster than at any time..
As for NEW millionnaires growing exponentially , it's definitely not happening, the circle is always getting smaller (as per the first 3 lines)..

As per US citizens not looking beyond their border , that's the truth , however managers ARE definitely looking beyond the US$ and DJX.

USA BAY 04:54 GMT April 13, 2007 Reply   
HONG KONG AHE,

So what will the final target will be before its downturn, if that ever happens.

Hong Kong Ahe 04:52 GMT April 13, 2007 Reply   
Rate Rise Expectation of NZDUSD as soon as its next April 26 review of RBNZ, NZDUSD will challenge its previous high in 2005 of 0.7465. Now it is at 0.7343. GL and GT.

Ldn 04:50 GMT April 13, 2007 Reply   
Dollar - Sharp Rise in Import Prices Suggest Upside Risk to PPI

USA Zeus 04:46 GMT April 13, 2007 Reply   
Ok- said something nice for the day now let the good shepherd fire up that USD/CAD....LOL
-Z-

USA Zeus 04:43 GMT April 13, 2007 Reply   
One more quick sidenote- Stated I am an ardent patriot. But that extends to a more global view (no pun intended) as the world is blending and meshing at an exponential rate and I love it- as each culture and people have so many unique and positive qualities to contribute with one another. This forum is just a small example of how the world is meshing in ways that have never been possible.

Cheers

USA Zeus 04:17 GMT April 13, 2007 Reply   
Monaco Oil man 03:32 GMT April 13, 2007

Thx for the discussion here. Well patriotism has nothing to do with it- just wanted to disclose since the post was going to seem very pro US etc. from the standpoint that the state of a fiat currency is a reflection of the country etc blah blah…

Anyway not every kid sells a youtube etc but the reality is that the wealth has grown faster than any other time in history and with millions of millionaires here it is not that difficult to become another one of that crowd in a very short period of time.
The deci-millionare (millionare 10+ times over) category growth rate is growing the fastest and that billionaire list has a freshman list that grows exponentially each year.

As stated am a capitalist and am happy to long or short whatever the odds seems to project as an opportunity.
Very contrary to the rest of the world (Or at least the parts I have traveled) the US citizens are rarely aware of currency conversion rates as generally they are not directly impacted by them so patriotism when it comes to long or short the buck means nothing to most here. I take the exception to that because those beautiful Bugatti Veyrons are priced here in Euros so have seen those take a bit of a jump in USD cost from order to delivery timeframe.

The debts have grown and so have the assets. Am not discounting the twins at all just keeping it in relative perspective for the forum. At times the headlines seem so dire that the world view must be that we are all lining up at the soup kitchen LOL.

As for the Whitehouse etc have posted in early Nov of last year a Pelosi EUR/USD view of 1.34-36 after CNN(Communist News Network) announced Pelosi was the new leader of the US. LOL

Again just some thoughts from the street level over here.

Well oddly am short the USD on some pairs (GBP/USD, EUR/USD) for swings and long oil from 61.80 and have been working in to a long USD/CAD position that I may end up treating as a quick strike on a reaction or cut it loose at a loss. Time will tell on that. Also just started to short AUD/USD from .8320 and will see how it reacts from here.



Good chit chatting with you Oil man.


London NYAM 03:33 GMT April 13, 2007

Thx again for your views. My apologies if I came across the wrong way in that I did not view any anti-US sentiment. I agree with the loose belt (Umm and cannon) and imbalance problem. The piper must be paid at some point (I sense tax increases-which have their own issues).

Respect your very welcomed and respectful comments as well.


Best of trades.
Out for now

Toronto MRC 04:12 GMT April 13, 2007 Reply   
Ldn 04:09 GMT April 13, 2007

IMF limp when it comes to action.

Ldn 04:09 GMT April 13, 2007 Reply   
International Monetary Fund head Rodrigo Rato warned investors on Thursday that selling the yen is not a one-way bet as the Japanese economy tries to recover from deflation and low growth.

hk ab 04:06 GMT April 13, 2007 Reply   
zeus, cad exited on autopilot.

Hong Kong JS 04:05 GMT April 13, 2007 Reply   
I see your points, thank you all!

Toronto MRC 03:56 GMT April 13, 2007 Reply   
When does the G7 Satement get released?

London NYAM 03:54 GMT April 13, 2007 Reply   
hong kong we are on a strong up trend with a final leg that looks bvery likely to take us above 1.3666 high from 2004. Closing now or hedging as the oil man says would be wise. Short is not a good idea until we go above that high. If you can stand the pain you could wait for the correction of that move targeting 1.400.

hk ab 03:50 GMT April 13, 2007 Reply   
nobody touch cad at all after initial attempt at 1.1330.....

London NYAM 03:33 GMT April 13, 2007 Reply   
Zeus//
Appreciate the response.
I cant say patriotism is part of my modus, being a 'bastd' child of the east and the US, and natal of in-between. I don't want my dollar bear views confused with anti-us sentiment. There isn't any point in that, for me it would be self-hating and if politics shift towards a global outlook the US is the best naion suited to idealistic leadership. BUT there are imbalances in the US caused by excessive consumption vs saving exacerbated by the failure of the gov to keep its belt tight. We can 'save' by investing in equities as long as valuations are realistic. But when valuations are risky it isnt saving it is speculatin. That said, the imbalnces could go on for a long time especially as demand for dollars follows dollar denominated commodities. Trading on dollar devaluation short term would be idiotic.

best regards. I have the utmost respect for your intelligent posts.

Monaco Oil man 03:32 GMT April 13, 2007 Reply   
USA Zeus 03:22 GMT April 13, 2007

Well you are taking a very very small example , like the youtube guys selling their site for millions of us$ , but this isn't an everyday occurance (your post makes it sound like it is).
Making money is by definition harder today than it was yesterday (Population increases so does competition)..

What has being a patriot to do with US$ direction?
It's like implying people shorting the US$ are not patriot , while we all know the us$ is going down and the whitehouse DEFINITELY wants it to go that way..When debts have risen 1200% over 20 years , a lower $ won't hurt at all..

Are you seeing the US$ doing upside from here?

PS : I m chatting , not attacking you.

Monaco Oil man 03:26 GMT April 13, 2007 Reply   
Hong Kong JS 03:19 GMT April 13, 2007

I have recently (this week) applied a similar strategy for custy's, the volatility is picking up but still historically low..

Monaco Oil man 03:23 GMT April 13, 2007 Reply   
Hong Kong JS 03:19 GMT April 13, 2007


You should hedge your positions ...

Get an option CALL EUR , PUT US$ , so that you block all further loss..

hk ab 03:23 GMT April 13, 2007 Reply   
time for gold to show some muscles....

USA Zeus 03:22 GMT April 13, 2007 Reply   
London NYAM 03:05 GMT April 13, 2007

Appreciate your views. We are all familiar with the negative headlines that are ever present here and have dominated the media for years about the US and her economy but there is another side not often told or understood that does not match the same headlines.

Admit that I am an ardent patriot- but true to the theme here am also a capitalist in a capitalist society. Having said that even after the USD deflation over the last 5 yrs the equity markets are up HUGE, housing very HUGE and while the USD may have deflated there are a whole bunch more of 'em floating around. This is where it is interesting as I have never seen so much wealth and prosperity for decades here.
Am familiar with the negative savings rate but when yields are so low it makes no sense. The $ is invested in various markets and businesses for a real rate of return. And of course hoards of cash has been going into retirement accounts (which are not counted in that savings statistic)

It has never been easier to become wealthy in the US. Teenage and college age kids are selling their internet companies and patented ideas for 10's even 100's of millions as an example. Private jet sales are soaring and lest we forget John Arnold- the 33 yr old that took home a personal income of approx $2 billion last year trading natural gas.

Just another opinion from the "street" level

Cheers!

Hong Kong JS 03:19 GMT April 13, 2007 Reply   
Need help, I am losing millions HK$ for my company on Euro short positions, could anyone tell me where is this Euro going? 1.36? 1.38? 1.42 as some analyst said? What was the history high, 136.50? Many Thanks. Should I hold on to my short position or cut off now?

Monaco Oil man 03:12 GMT April 13, 2007 Reply   
USA Zeus 02:56 GMT April 13, 2007

Zeus, the gains are massive ONLY for US$ based investors...
Check this 5 years table

USA Zeus 03:06 GMT April 13, 2007 Reply   
Halifax CB 02:04 GMT April 13, 2007
Thx for letting it go- Let's see if that does it for a rip!

FW CS 01:57 GMT April 13, 2007
Thx friend. Well should have explained the situation better. I trade CAD and AUD from a position standpoint. EUR/USD, GBP/USD, USD/JPY, EUR/JPY, gold and oil are the primary products for the hellfire laser strikes. Was short CAD and long AUD as positions that were scaled in quite some time ago then scaled out a couple of days ago (opportunity cost- doh!). Now starting to build for the other direction right or wrong. Have not posted these position trades here in the past just the hellfire strikes since not too many people post those vs position trading ideas.
Keep smiling! :-)


hk ab 01:49 GMT April 13, 2007
Not sure just yet...depends a lot from what level it happens. Will know more when it happens from the indicator readouts.


Add'l thought...If things work out with USD/CAD may need to cut some big slabs off again on a rally as I suspect it is possible that there are plenty who want to sell and any decent pullback at this point.

GL GT to all!
censored

London NYAM 03:05 GMT April 13, 2007 Reply   
USA Zeus//
Is it correct if we take relatve returns vs foreign assetts. The US dollar vallue of assetts has been falling. The trade deficit and budget deficit make usd less valuable if the return on dollar denominated assets is low This is only really a problem if the return on dollar denomnated asets is negative (fx weighted) this may be the prospect during a us econ slowdown. The us consumer is now a negative saver which is fine if the economy is growing enough. Is it growing enough?
Lets not forget the mood out there.It is not positive.

Melbourne Qindex 03:05 GMT April 13, 2007 Reply   
USD/JPY (Monthly Cycle) : The pattern of my monthly cycle frequency chart indicates that the market can easily move between 117.72 and 119.89. The mid-point reference of 117.72 - 119.89 is 118.80. The distribution profile of my monthly cycle probability chart suggests that the market has a good chance to tackle 115.55. The lower barrier of the monthly cycle is located at 114.74 // 115.55.

AZUSA 4x-ed 03:04 GMT April 13, 2007 Reply   
A look into the 'long dollar' (leap of faith) psychology: tinyurl.com/2yssbe

Monaco Oil man 03:00 GMT April 13, 2007 Reply   
Sydney ACC 02:48 GMT April 13, 2007

Topping out?..Are you talking of like a "top" with a downside 100-300 pips?..In that case , it could happen anytime , though that's not the direction that i will look at..My main idea for this topping out a few days ago was cyclical , statistically, trends tend cool down from FEB to August//September..To restart September--January..
It did not happen..So back to the main theme , $ Devaluation , diversification and so forth...Nothing has changed from before i don't see $ but going down..Look in archives we can easily see my posted targets 2 E$ , 189 EY etc in the years ahead...Unless something changes fundamentally..

hk ab 02:58 GMT April 13, 2007 Reply   
If GC Martin can come and drop a comment today, I am sure today will be extremely volatile :D

USA Zeus 02:56 GMT April 13, 2007 Reply   
Monaco Oil man 02:20 GMT April 13, 2007
"Another thing to look at over 5 year period is the lack of profit for foreign investors placing money in the US.
In ANY US market..."

Oil man- This is not correct. Not arguing but a broad bold statement such as this is shortsighted. Perhaps some markets have done better than others around the globe but if you look at your example DOW, SNP etc from April 2002 the gains are massive- even after converting to Euros. Also the idea of USD index off 15% so a "smart" man allocated there is not a reasonable conclusion as very few allocate into derivatives. And those that do and are smart will use a hedge fund where the results are a crap shoot anyway. Or, at the very least use a diversified basket incl gold, oil other currencies etc. But a smart guy knows that too and does not allocate much into that risk environment- or at least according to the Family Office groups, high net worth advisors and of course Ibbotson.
GT!

Monaco Oil man 02:50 GMT April 13, 2007 Reply   
And for your knowledge , TED..
I only long'd US$ , cause i argued with myself that there could be a "top" , and i guess my patience , ran out, so closed all short us$ (i had very nice position like nzd .6780) , and went long, after loosing 50 To 100 pips (depends which ccy) and seeing all my models still long , and the "top" NOT happening,I started closing US$ shorts on last Thursday, some on friday and all the rest starting sunday and monday..
Everyone makes mistakes , though that one i could have skipped had i diligently followed models and stayed short US$...

Anyways back to the main theme after this costy 8 days of long US$ :


Stay short US$.

Sydney ACC 02:48 GMT April 13, 2007 Reply   
Monaco Oil man 02:39 GMT April 13, 2007
In your opinion where do you see euro, cable and kiwi topping out and when.

Halifax CB 02:42 GMT April 13, 2007 Reply   
sorry, that last was in response to:
pittsburgh pa 02:27 GMT April 13, 2007

Halifax CB 02:41 GMT April 13, 2007 Reply   
13:30 GMT, Monday. (8:30 EDT, but still monday :)

AZUSA 4x-ed 02:41 GMT April 13, 2007 Reply   
Something tells me that we have not tapped the pressure points just yet, as things are still looking pretty civil in here...

Monaco Oil man 02:39 GMT April 13, 2007 Reply   
I was short US$ , and for 8 days i went long..If you read the posts from earlier this week , I did say i closed US$ longs, and reshorted it , as staying long US$ for those few days costed me a couple hundred pips..As it was a total discretional trade , i scrapped the idea , and went back to what ALL my models output : Short the US$.

FW CS 02:36 GMT April 13, 2007 Reply   
Oil Man
Long time no see. Yes I agree $ does not look healthy right now. Would love for $ to go long but looks short. I like the fact especially that$ bear not getting much press coverage now too.

HK Ted 02:34 GMT April 13, 2007 Reply   
Oil Man-
Did you get stopped on all your long USD positions then from a week ago when you said you were going against the trend?
Nice of you to post comments from ages ago but I see you predict extreme's on both sides then later use them to look good even when the most recent posts are in opposite.

HK RF@ 02:28 GMT April 13, 2007 Reply   
Betting on a higher Eur/USD is still possible up to 136, the risk is on the Eur/Jpy which looks toppish, though may enter again into 160.90-161.10 range. If that will be combined with a proper verbal intervention a strong correction may follow. Above that range one has to believe in 165 as target.

If you believe that many Japs can't sleep at night since China surpassed them in forex reserve, you may believe at all and any lower Yen cross rates.

pittsburgh pa 02:27 GMT April 13, 2007 Reply   
Does anyone know what time the US retail sales report comes out in the morning?

Monaco Oil man 02:26 GMT April 13, 2007 Reply   
EY at 160..How long to my 189 target left?
---

Cannes Oil man 20:38 GMT November 24, 2006
Cannes Oil man 09:40 GMT October 10, 2006
The Netherlands Purk 09:06 GMT October 10, 2006
It is human nature to go against trends, which a successful trader has to go against if he wants to make real money.
People will be shorting €Y till and over it prints 185+

Cannes Oil man 19:47 GMT November 24, 2006
Yes purk i m sure you will , again , as i ve asked long time ago, close to 142, it might be easier to just long and sleep , instead of shorting for 50 pips each time..
But as long as you are able to survive , to each his own.

Monaco Oil man 02:20 GMT April 13, 2007 Reply   
Another thing to look at over 5 year period is the lack of profit for foreign investors placing money in the US.

In ANY US market a euro putting his money in let's say a diversification as that guy in our exemple is a "smart" person :
DOW, SNP, Dollar Index (the guy thought after 1.20 in e$, or 15% down in $ index , it was time for a dip) , Nasdaq..
Today he takes his money off the table and ships it back to his European account ...result :
-19 Dow, -53% dollar index, -18 SNP , -29 Nasdaq...Not including bonds as the guy is smarter..Otherwise it would be another 50 down..

Don't think this is really appetizing for any investor not $ based...Or even smart US players..

Monaco Oil man 02:08 GMT April 13, 2007 Reply   
Just looked again , and the strength of the vol signal incoming on $/CAD is impressive , for those who read post earlier during the week and to get a better idea , in 2004 (when i posted the short 1.40 for 1.21) my custom indicator had a 1780 or so number..think of it as a RSI kind of thing, it starts going down it has up to 0 ..Right before the big downfall from 1.60 it was around 2200...It's now at 2900..As i said a month ago (when $/CAD was around 1.17) , hard to forget the high and low, but things are getting precarious for the US$....It's clearly not out of the woods..

gl gt

Halifax CB 02:04 GMT April 13, 2007 Reply   
Well Zeus - here's hoping for a good pop for your sake - I closed my shorts for now, so let her rip. I would love to wake up tomorrow morning and see $CAD at in the stratosphere, But even 1.14+ woud be nice :)

fairfield JC 02:04 GMT April 13, 2007 Reply   
I live in the midwest, of the US....I just have to say that teh Asian session has not been this lucrative for a while, I hope all of you guys are taking advntage of the action. Tomorrow's PPI and Trade Balance will be quite the say in the direction of the dollar for the beginning of next week dont you all think?

Monaco Oil man 02:02 GMT April 13, 2007 Reply   
Evening, Morning ;

Well looking back at this week action , pretty happy i closed all $ Long , and started looking the other way..

Re $/CAD , we ve broken the first area from here , the new low is incoming(Read $/CAD post from a few days ago).
..Any interested in Parity for the $/CAD?

Probably 2 month....Unless it accelerates..

GL GT.

FW CS 01:57 GMT April 13, 2007 Reply   
O mighty Zeus
Just from my observation you seem to be a Pound Master and Eur/Yen. Why not stick with your best? And your posts are certainly welcome here. Myself my best pairs are Euro and Yen. I was very concerned when $ couldn't rally on good news last week and this week and decided not to be long $ but only stay on the short side.

Alaska Moon 01:56 GMT April 13, 2007 Reply   
I am still long on USD/CAD... My judgement keeps geting mixed up with my desire !!! LOL
Moon

txtx 01:50 GMT April 13, 2007 Reply   
man .. USD is so weak....
gbp/usd is going up again ... pounding US dollar hard.

hk ab 01:49 GMT April 13, 2007 Reply   
zeus san, what level are you expecting for this pop? I only treasure 1.14 ish....

USA Zeus 01:48 GMT April 13, 2007 Reply   
botherthis = bother this

Toronto YV 01:48 GMT April 13, 2007 Reply   
Syd 01:41 GMT April 13, 2007
Exactly , then they have to treat lucky ones and let them go tax free , cos thousands others not lucky ones paid for them already .

USA Zeus 01:48 GMT April 13, 2007 Reply   
Oh- after the last add-on USD/CAD ave price dropped 2 pips to 1.1352...

99.99999% for sure a pop is coming. Can taste the cream....If not I'll never botherthis forum again.

Baltimore Zoltan 01:43 GMT April 13, 2007 Reply   
Toronto YV 01:38 GMT April 13, 2007 :

And you definitely don't want to mess with the tax authorities in the USA either!

Baltimore Zoltan 01:42 GMT April 13, 2007 Reply   
AZUSA 4x-ed 01:21 GMT April 13, 2007 :

The FT had an article on February 1st (or thereabout, shortly before the previous G7) about the NOK as the new choice for carry trades. I've been keeping it on my radar screen since. NOK_JPY just crossed a daily trendline and may still have room to go to the next trendline on daily chart with target at 20.3. NOK_SEK crawled above the weekly upper trendline at ~1.142 and is now hesitating.
Just my 2c, of course.

USA Zeus 01:41 GMT April 13, 2007 Reply   
hk ab 00:57 GMT April 13, 2007
Never know what'll happen next around here! LOL
Crazy thing is that I have been long oil from 61.80...now 64.04 while selling the loon! But as for the loon and AUD I primarily only position trade those and allocate in and out etc.
Still on the usuals for the regular Zeus hellfire trades which are burning serious fuel in the afterburners- err...make that rocket boosters!

GT! :-)

Syd 01:41 GMT April 13, 2007 Reply   
Toronto YV 01:38 GMT its tells you what one has made , but its like going to the casino and hitting the Jackpot , how much has been lost along the way - cos they seem to treat it that way.

Toronto YV 01:38 GMT April 13, 2007 Reply   
Syd 01:22 GMT April 13, 2007
" a Japanese housewife who made 400 million yen (£1.7 million) day-trading on foreign exchange markets " , " about 100 individual investors failed to report about 2 billion yen in profits" , those japanese know something we don't :((

hk ab 01:38 GMT April 13, 2007 Reply   
fwiw, aud/jpy very ver close to the pyscho 100 mark soon....

USA BAY 01:36 GMT April 13, 2007 Reply   
SYDNEY ACC,

After the G7 just for namesake there will be a some correction and then after that back to normal business again, sell the yen. What a joke.

Syd 01:22 GMT April 13, 2007 Reply   
Japanese housewife nets £1.7m betting on currency markets

Analysts said the $3 trillion (£1.52 trillion) of annual currency trading by retail investors in Japan may be the main reason for the persistent weakness of the yen — a boon to Japan’s exporters in recent months

AZUSA 4x-ed 01:21 GMT April 13, 2007 Reply   
Baltimore Zoltan 01:11 GMT April 13, 2007 || wish I would've paid attention to those nok's a bit sooner. By the time it made news on CNBC I figured it's too late...

Syd 01:17 GMT April 13, 2007 Reply   
'I am plotting a new Russian revolution'
http://www.guardian.co.uk/russia/article/0,,2056321,00.html

Syd 01:14 GMT April 13, 2007 Reply   
where's your bin

http://www.timesonline.co.uk/tol/news/uk/article1647546.ece

Baltimore Zoltan 01:11 GMT April 13, 2007 Reply   
AZUSA 4x-ed 01:05 GMT April 13, 2007 :

Yes, been long NOK_SEK for awhile;

Sydney ACC 01:05 GMT April 13, 2007 Reply   
Does anyone really expect anything concrete to come out of G7?
At the last meeting the message was that JPY exchange rate was being set by the market. It was clear, however, that there was a difference of opinion between Europe and USA.
USA needs USD/JPY firm so Japanese will invest in USD paper and Europe needs a EUR/JPY weaker so it can compete in export markets.
Nonetheless the bigger fish is China. Both Europe and USA want China to float and let the market determine the value of the yuan. If in the meantime the authorities intervene to manipulate the JPY in the markets the Chinese will turn around and say you hypocritical bunch of bastards.
Despite favourbale interest differentials the market doesn't believe the Fed. It sees the sub-prime problems deepening and bringing on a recession that will erode the differentials.
So nest week Aussie up to 85 cents, Cable over 2 dollars, Euro at 1.36 and Yen probably staying where it is.
I hope I am wrong!

AZUSA 4x-ed 01:05 GMT April 13, 2007 Reply   
anyone here NOKing?

Lahore FM 01:01 GMT April 13, 2007 Reply   
long usdchf 1.2160.

Syd 01:00 GMT April 13, 2007 Reply   
Roache says Labour government probably negative for Australia may reverse Costellos reforms once in power , Union minded

Syd 00:59 GMT April 13, 2007 Reply   
Roache is short NZD/YEN says economy keeps stallling not sure yet what will cause the reversal C/A deficit 10% GDP
says Labour government probably negative may reverse Costellos reforms.

NY RP 00:58 GMT April 13, 2007 Reply   
hk ab 00:55 GMT April 13, 2007
Sure would be nice to have bateries on the crystal ball as far as timing and price is concenred. EUR/JPY is tempting but removing risk and selling lower is best case. GL

NY RP 00:57 GMT April 13, 2007 Reply   
RIC fxq 00:55 GMT April 13, 2007
Good luck.

hk ab 00:57 GMT April 13, 2007 Reply   
zeus, joined your party 1.1340 small one.

hk ab 00:55 GMT April 13, 2007 Reply   
Rp//I see this carry to be stopped by real guns, verbal are just sponge.

RIC fxq 00:55 GMT April 13, 2007 Reply   
NY RP 00:53 GMT

you are preaching to the choir my man :)

NY RP 00:53 GMT April 13, 2007 Reply   
One last note. The G-7 expressed its concerns about the carry trade already at the last meeting. The warning shots were fired. Currency trading never had an easy button attached to your point and click mouse. This game surely will not end the way some are hoping. Good evening and good trading.

NY RP 00:50 GMT April 13, 2007 Reply   
The million dollar question is how long the Fed and the BOJ can keep up the charades. The massive amounts of liquidity flowing into US paper products will have reprocussions that will not end nicely. For every action there is an equal and greater reaction. Timing is the only question, direction is obvious. GL

NY RP 00:47 GMT April 13, 2007 Reply   
Here we go guys, laying it on the line and the way it will be.
Gold is clearly being stopped from doing its thing. This will not last long, days at the most. The yellow metal is heading to 740 to 750 area next. The US Dollar Index is headed to .7500 and then possibly lower deoending on the fight by the Fed the keep it the illusion game going. Place your bets and let the hand play out as it will. Noise and opinions will always be present. Looking at a weekly chart the index looks weak, looking at a monthly chart is where the magic is at. If the Us Dollar were a stock it would be Enron. Good luck and see you at the celebration party.

Syd 00:45 GMT April 13, 2007 Reply   
Sydney ACC 00:38 when ccys are at multi year highs as you know specs are sucked in to push it higher while the big wigs cream the top leaving them sitting there waiting for more :-))
the most dangerous trade is loading lower while holding an already losing position at these levels.

USA BAY 00:43 GMT April 13, 2007 Reply   
USA ZEUS,

Good luck with aud/usd, see if the power of Zeus can reverse it so that I can get on the bandwagon as well.

USA Zeus 00:43 GMT April 13, 2007 Reply   
Put a bit more in the pile- Bought USD/CAD 1.1338 offer

Syd 00:43 GMT April 13, 2007 Reply   
Sydney ACC 00:38 GMT April 13, 2007

Problem is I can't see a reversal. Market is so bearish USD, yet I can't see that

Think you have answered your own question,
Just listening to Robert Rennie says that the Japanese wont be buying NZD at these levels

Lahore FM 00:42 GMT April 13, 2007 Reply   
lowered usdcad scalp stop by 5 pips.

Sydney ACC 00:38 GMT April 13, 2007 Reply   
Syd 00:13 GMT April 13, 2007
Problem is I can't see a reversal. Market is so bearish USD, yet I can't see that.
I guess my mistake is buying USD when economic data looks good while in the face of it interest rates are going up everywhere else.
To paraphrase Clinton - its yield stupid!

hk ab 00:36 GMT April 13, 2007 Reply   
Zeus, this dlr/cad starts get annoying..... if the bounce from 1.1330-1.1350 can't materialize, we will enter the cycle we witness from the fall in 2003....... GL And tighten the seat belt.
I may try a long but prefer from 1.1330.....

USA Zeus 00:35 GMT April 13, 2007 Reply   
I have gone off my rocker!

Short AUD/USD .8320. Same approach as USD/CAD...slow and easy...steady as she goes...

USA Zeus 00:31 GMT April 13, 2007 Reply   
USA BAY 00:16 GMT April 13, 2007
"...Wish could be more like USA Zeus."
Thx for the kind words but I am only a frontline grunt!

Mtl JP 23:50 GMT April 12, 2007
Thx a lot JP. That was lucky- this was skill…

21:47 GMT April 11, 2007
"…sub 200dma close => prefered flight tactic now is to sell pops towards say mid 1.14 for renewed and more divebombing 1.1380 for penetration attempt to 1.1330."
Kudos to you!

AZUSA 4x-ed 22:56 GMT April 12, 2007
Thx Professor for your kind support!

Atlanta South 22:48 GMT April 12, 2007
Southy- Thx for keeping it true and agree 100% for sure. LOL

cheers and GL GT to all!

USA BAY 00:18 GMT April 13, 2007 Reply   
SYD,

I can join you on that one, LOL

Gen dk 00:16 GMT April 13, 2007 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Ldn 00:16 GMT April 13, 2007 Reply   
Morgan Stanley To Buy 13 Hotels From ANA For Record Y280bn

TOKYO (Nikkei)--Major U.S. brokerage group Morgan Stanley plans to buy in a single transaction 13 domestic hotels owned by All Nippon Airways Co. (9202), The Nikkei learned Thursday.

USA BAY 00:16 GMT April 13, 2007 Reply   
SYDNEY ACC,

Your views were not off, I remember you being sceptical about kiwi going down when Auckland Peat shorted it at 0.718x, I think, and you were right, and also you were right on aud/usd going up a couple of months back when you told me this time the rise of aud/usd is something different compared to earlier when it used to cross 0.80, I think your call for aud/jpy 100, will be a reality soon. Your present targets with appetite for high yielding currencies and usd's bearishness may be right.

I have been wanting to long kiwi since 0.7000 but always chickened out thinking a correction is due soon and will get in at a lower rate, 350pips later and no correction apparent. Wish could be more like USA Zeus.

Philadelphia Caba 00:14 GMT April 13, 2007 Reply   
Sydney ACC 00:06
don't worry...you're not alone..lol..gl!

Syd 00:13 GMT April 13, 2007 Reply   
Sydney ACC 00:06 same here, my view is guaranteed if I take a long here , will definitly be the trigger for the major reversal -

AZUSA 4x-ed 00:11 GMT April 13, 2007 Reply   
Based on the weekly charts, it seems that $CAD could test the 1300-1290 area.

Sydney ACC 00:06 GMT April 13, 2007 Reply   
USA BAY 22:51 GMT April 12, 2007
FWIW it's my guess (and that's all it is because I'm completely out of the water on everything) is that AUD/USD is going up to 0.8500, EUR/USD to 1.3600 and therefore Kiwi goes to 0.7520. we broke the 20 year high this morning the previous was 0.7349 in April 2005.
Now then because I can't even pick my nose correctly at the moment if you dealt opposite these views I would almost guarantee you would make money.

Syd 00:02 GMT April 13, 2007 Reply   
BAY wil post when he talks more.