Forex Forum Archive for 04/22/2007

GVI john 22:53 GMT April 22, 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

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	EUR/USD	USD/JPY	USD/CHF	GBP/USD	USD/CAD	EUR/GBP	EUR/JPY
1900GMT	1.3598	118.75	1.2072	2.0037	1.1219	0.8375	161.48
High	1.3638	118.97	1.2092	2.0058	1.1301	0.8376	161.96
Low	1.3586	118.25	1.2038	1.9992	1.1217	0.8340	161.12
04/20/2007							
Simple mva	basis =>	04/20/2007					
5 day 	1.3578	119.09	1.2081	2.0014	1.1280	0.8353	161.43
10 day	1.3511	119.14	1.2136	1.9880	1.1353	0.8305	160.84
20 day 	1.3432	118.67	1.2153	1.9785	1.1459	0.8214	159.34
50 day 	1.3284	118.55	1.2214	1.9604	1.1596	0.8011	157.46
100 day	1.3172	119.02	1.2268	1.9601	1.1642	0.7919	156.75
200 day	1.2973	118.04	1.2338	1.9256	1.1453	0.7769	153.14

GVI john 22:52 GMT April 22, 2007 Reply   
GVI Calendar of selected key economic data, central bank meetings, etc....

Tallinn viies 22:45 GMT April 22, 2007 Reply   
Bank of America Corp. (BAC) agreed to buy LaSalle Bank for $21 billion from ABN Amro Holding NV (ABN), according to a person familiar with the situation, in a move that simultaneously bolsters ABN's potential sale to Barclays PLC (BCS) and makes Bank of America a player in Chicago, the rare large U.S. city where the bank lacks a major presence.

RIC fxq 22:14 GMT April 22, 2007 Reply   
Mtl JP 21:55 GMT

the usual triple "B' or triple "H" from vote seeking leeches

the "B"'s: bombast, blather and bullspit
the "H"'s: hotair, hype and horsespit.

anything for a vote or two.

Mtl JP 21:55 GMT April 22, 2007 Reply   
Syd 21:05, check out this communists at work timeline:

President Focuses on Home-Ownership - June 15, 2002


..."Owning a home lies at the heart of the American dream. A home is a foundation for families and a source of stability for communities. It serves as the foundation of many Americans' financial security. Yet today, while nearly three-quarters of all white Americans own their homes, less than half of all African Americans and Hispanic Americans are homeowners. We must begin to close this homeownership gap by dismantling the barriers that prevent minorities from owning a piece of the American dream. .. the American Dream Down Payment Fund will help provide the needed funds. We estimate that this fund will open the door to homeownership for 40,000 low-income families annually."...


Fastforward:

Home foreclosures rise fourfold in Hub - boston.com, April 20, 2007

‘‘It’s not just a Boston problem. It’s a nationwide problem,’’ he said. ‘‘We need state help. We need federal help. ... For fiscal 2008, Menino has asked for $950,000 for foreclosure prevention in the city budget. The mayor has also introduced a bill in the state Legislature that would impose a 60-day freeze on any action by lenders after they file the initial foreclosure notice... the $600 billion market in recent years has saddled as many as 2 million Americans with payments that increase sharply after two years, often making the loans unaffordable. ... ‘‘There is no question that you see a disproportionate number of minority homeowners who are being foreclosed on,’’ said Bruce Marks, chief executive of Neighborhood Assistance Corp. of America, or NACA, a nonprofit agency that has raised $9 billion from Bank ’’

Tallinn viies 21:44 GMT April 22, 2007 Reply   
shanghai bc 23:11 GMT April 19 thnks a lot. you are too modest I hope. good luck. your opinions are always highly appreciated

NY Ed 21:18 GMT April 22, 2007 Reply   
Hi All
any thoughts on eur/usd this morning?
anyone think the dailing break will mean a down trend today?

Syd 21:05 GMT April 22, 2007 Reply   
Subprime market in UK 'has parallels with US'The Financial Services Authority, probing the UK subprime mortgage market, said arrears in this part of the market were now running at 20 times those on prime mortgages

Will rate shocks hit your house price?
LINK

Theory suggests we're heading for a depression
http://business.scotsman.com/topics.cfm?tid=737&id=613772007

Syd 20:47 GMT April 22, 2007 Reply   

Stronger pound set to fuel tourism bonanza

LKWD JJ 19:51 GMT April 22, 2007 Reply   
GO DEVILS!!!!

LKWD JJ 18:58 GMT April 22, 2007 Reply   
are we for real in cable @60?

Mtl JP 14:34 GMT April 22, 2007 Reply   
tic tic tic tic tic , seems like the sound is everywhere around the Globe:

"The (Sri Lanka) Central Bank admitted that it printed Rs.38.5 billion last year to meet part of this deficit. So this is what created the high inflation; so while it is true that the economy has grown, it grew to a certain extent with printed money. People cannot feel the 7.4% growth. What people feel is the high cost of living. The people have been taken for a ride." - Harsha De Silva, Lirneasia in Sundaytimes

CANBERRA JD 14:31 GMT April 22, 2007 Reply   
Just scouting through the 1989 charts for aud.. 0.8924 was the high. The drop there after was 1500 pips.

The difference nowadays is, the volatility of the aud is a bit less, however it trends alot better.

My bet would be for a short near 8400 (10-15 pips from it) for 7700.. With stops at 8497. First target 8250, 8000 7960 7800 7700.

CANBERRA JD 14:24 GMT April 22, 2007 Reply   
Melbourne, I do not agree, but we willl see. It appears by price action on the 60 minute that we should start a move towards 8250 in my eyes.. But im just a dumb trader.

As for the hunch on a collapse of g/u and e/u.. G/u most definently.. E/u have to wait for data for that.

The Netherlands Purk 12:23 GMT April 22, 2007 Reply   
boston 05:43 GMT April 21, 2007

Said the joker to the thief?

Melbourne Qindex 07:04 GMT April 22, 2007 Reply   
AUD/USD : My weekly cycle indicates that we should be able to see 0.8413 sometime next week.

Sofia mik 05:40 GMT April 22, 2007 Reply   
PAR:
http://www.rs-auto.bg/select/article/gallery/large_image/image_1249_6110.jpg

Melbourne Qindex 02:35 GMT April 22, 2007 Reply   
GBP/USD : My weekly cycle charts indicate that the market is going to consolidate further between 1.9967 - 2.0153 during early period of next week.


Melbourne Qindex 00:29 GMT April 20, 2007
GBP/USD (Monthly Cycle) : The upper limit of the monthly cycle normal trading range is defined at 2.0086. As shown in the projected series a resistant level is located at 2.0257 - 2.0278 and projected supporting points are expected at 1.9843 and 1.9988.

HK RF@ 02:05 GMT April 22, 2007 Reply   
US Treasury chief pleads for 'strong' dollar
http://www.channelnewsasia.com/stories/afp_world_business/view/271753/1/.html

22 April 2007 0425 hrs

WASHINGTON : US Treasury Secretary Henry Paulson has reiterated his call for a strong dollar while urging China to let its currency appreciate faster against the greenback.

"As I think you know, I believe very strongly that a strong dollar is in our nation's interest," Paulson said in an interview late Friday with PBS television.
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Why he needs a stong USD? He will never get any recovery with a strong USD,but sink deeper into recession and depression.

Looks like the whole the US financial market is nothing but a card tower made of carry trades and Paulson the magician is so eager to stabilize it.

lima 01:44 GMT April 22, 2007 Reply   
recommendations 23/4 - 27/4 week?