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Forex Forum Archive for 05/24/2007

Pick a date from the header above to view forum postings for that day.
Click here to join the Live Forex Forum.


Lahore FM 23:59 GMT May 24, 2007 Reply   
St. Annaland Bob 23:52 GMT May 24, 2007
agree with your point that when everyone is looking for one trade, it might get delayed but the house cards just can't sustain it any longer than it does.

St. Annaland Bob 23:55 GMT May 24, 2007 Reply   
EURJPY: crash<16185>16250>16325>16400>BC smiles

St. Annaland Bob 23:52 GMT May 24, 2007 Reply   
hi FM ... nice to see you ... as everybody talk about unwind it may take some extra time ... Greenspan killed the housing market and watch the numbers of yesterday ... top trades!

Lahore FM 23:41 GMT May 24, 2007 Reply   
nice unwind in the making.if we can have a down day on shanghai we might be in for several hudred pip move on jpy crosses.

Tokyo Dr. YEN 23:38 GMT May 24, 2007 Reply   
deflation is not so good for shorts willing to gain pippation

Syd 23:37 GMT May 24, 2007 Reply   
Mishkin: Fed 'Must Never Take Our Eye Off Inflation Ball'

Syd 23:36 GMT May 24, 2007 Reply   
Japan Apr Core CPI -0.1% On Year; Mkt Expected -0.1%
Japan Apr Overall CPI Flat On Yr; +0.3% On Mo
Tokyo May Overall CPI Flat On Yr; +0.2% On Mo

Syd 23:35 GMT May 24, 2007 Reply   
Japan Apr Core CPI -0.1% On Year; Mkt Expected -0.1%

Mtl JP 23:20 GMT May 24, 2007 Reply   
Japan inflation (CPI) numbers out on the half hour.

everything should be as the authorities prescribed....

Wellington, N.Z. 23:09 GMT May 24, 2007 Reply   
Contrarian Market Thoughts :

If you would like to see my Contrarian Market Thoughts
on the US Dollar, then email me at: [email protected]

Max McKegg/TRL

Gen dk 23:09 GMT May 24, 2007 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Syd 23:00 GMT May 24, 2007 Reply   
The U.S. Congress is a step closer to passing the first increase in the federal minimum wage in almost a decade and new tax relief for small businesses.

The House, in a 348-to-73 vote, backed a $2.10 incremental increase in the minimum wage that would put the rate at $7.10 an hour in two years.
Given that the minimum wage hasn't been bumped up since September 1997, Democratic leaders argued that the wage hike was long overdue. In fact, the hike was a priority goal for the caucus
To offset the cost to businesses, lawmakers also decided to provide small businesses with $4.84 billion in tax breaks.

Among other things, the tax break provisions extend the work opportunity tax credit and allow businesses to immediately expense up to $125,000 of capital purchases per year.

Additionally, a source familiar with the federal pension insurance program said the broad amendment includes a provision promoted by the airline industry. It would allow airlines to make reduced pension plan payments and provide the industry relief that would exceed $2 billion over the next 10 years, the source said

ABHA FXS 22:15 GMT May 24, 2007 Reply   
Short GBPJPY 241.10 Stop 241.72 Target 239.88

GVI john 21:47 GMT May 24, 2007 Reply   
Updated 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


Updated twice daily. Access GVI free

Chart Points and Moving Averages

Wellington, N.Z. 21:44 GMT May 24, 2007 Reply   
Contrarian Market Thoughts :

If you would like to see my Contrarian Market Thoughts
on the US Dollar, then email me at: [email protected]

Max McKegg/TRL

Syd 21:32 GMT May 24, 2007 Reply   
FXA Technical Commentary
Cable, year long top ? link

GVI john 21:27 GMT May 24, 2007 Reply   
GVI Calendar of selected key economic data, central bank meetings, etc....

HOU rj 20:55 GMT May 24, 2007 Reply   
I feel I will be kicked out of this forum shortly
Before that happenends
I wish every body good luck especially to Lahore FM
I will still be back after my penalty face is over
Beccause
THIS IS MY HOME

Toronto MRC 20:55 GMT May 24, 2007 Reply   
Mtl JP 20:07 GMT May 24, 2007
Toronto MRC / not every refinery can use it.

Nymex crude is light sweet most ref. have problems with heavier oils.

Syd 20:53 GMT May 24, 2007 Reply   
NZD/USD Opens Down, Carry Trade Unwinding Weighs
NZD/USD opens sharply lower, last 0.7248 vs yesterday's 0.7286 local close as upbeat U.S. April home sales data, falling equities markets sparked fresh carry trade unwinding as investors look to reduce risk ahead of long weekend, with U.S. markets closed for Memorial Day holiday Monday, says Bank of NZ FX strategist Danica Hampton.

Halifax CB 20:53 GMT May 24, 2007 Reply   
HOU rj - I think one reson many don't post trades is that there is a whole lot that goes into a trade, besides "buy or sell" here. Some like to go into trades quickly and will get out at a small loss lots of times before they get a really good one that sticks; others will patiently wait until just what they consider the perfect moment and go in with a wide SL (or none at all) and wait until the trade evolves....So on the whole I think most tend to talk around the actual trade, as that background is more important than the actual trade itself.

Personally, these days I've only been chatting about trades I'm doing on the Kalman filter basis, not other ones; and that mostly to force myself to analyze out loud what I'm doing, and maintain some rigour to the analysis (well, I try :) as it's very experimental. (BTW, that GBP/USD got taken out finally on the trendline. Although I didn't lose completely on the trade, I sure diodn't profit from it the eay I should have if I hadn't second guessed. Lessons everywhere:)

The other part of course is that can take a lot of explaining to express the ideas behind a fundamentally based, or intuitively based, trade; in that I'm lucky as I can just post a chart....

Finally - get a subscription to the other side (GVI Pro), and listen; lots of good ideas get floated over there, especially w/r to background info. It's worth the money, if you are serious about trading...

Lahore FM 20:52 GMT May 24, 2007 Reply   
Bay,the upside looks exhausted and gbpusd correction has set in.2.4390 is good for shorts for 2.4220/50.

USA BAY 20:43 GMT May 24, 2007 Reply   
LAHORE FM,

Can you please comment on gbp/chf please. thanks

NY RP 20:31 GMT May 24, 2007 Reply   
Vienna GD 18:51 GMT May 24, 2007
thanks.
I spend time here during the day to listen and observe.

HOU rj 20:30 GMT May 24, 2007 Reply   
Alaska Moon
Lahore FM need not to be mentioned beccause he is beyound that
For example he can read the chart right to left so fluently, while otheres take years to accomplish

USA BAY 20:24 GMT May 24, 2007 Reply   
HOU RJ,

No problem RJ, take care.

HOU rj 20:22 GMT May 24, 2007 Reply   
USA BAy
My appology if I skipped somebody
This is a great a great community

USA BAY 20:21 GMT May 24, 2007 Reply   
HONG KONG AHE,

AHE, If you are around could you kindly comment on aud/jpy and nzd/jpy pls. tia

Alaska Moon 20:20 GMT May 24, 2007 Reply   
HOU rj 20:08 GMT May 24, 2007
===========
RJ, there is a good trade posted below by Lahore FM.
FM is a highly sucessful trader who shares his trades here.
If you want to....write down his trade and see if it is sucessful...
I usually don't post much, I manage mostly by money management. Some times I lose more than half of my trades, but, when I win,I win big enough to make money...
If you followed me on one or 2 trades, you would probably lose...
Moon

NYC 20:19 GMT May 24, 2007 Reply   
HOU rj 19:26 GMT May 24, 2007 - you don't get it and are better suited for a chatroom. This is where you can go for your so called serious trades and stop wasting space here.

USA BAY 20:17 GMT May 24, 2007 Reply   
HOU RJ,

There are many fabulous traders here who share their views here and I find them very informative. Dr Q is doing a great service with his analysis, JP, CB, Sydney ACC, FM just to name a few and many others who are so helpful.

HOU rj 20:17 GMT May 24, 2007 Reply   
I only found one good trader who posts honestly
SANDEIGO BOB
I last heard he started his own
Good Luck to him and his customeres

HOU rj 20:08 GMT May 24, 2007 Reply   
Nyam
I meant to say is that how many good traderes where here , I hardley see any body post any serious trades in this free forum meant for me
Like Shangai BC
Van Gecko
Maksasar
U.k.J.B
Sydny
jkt
st.pete
Bejing La
Melbourne
Ict
Va
so and so forth

Mtl JP 20:07 GMT May 24, 2007 Reply   
Toronto MRC / not every refinery can use it.

Lahore FM 19:57 GMT May 24, 2007 Reply   
long usdcad 1.0845.stops at 20.1.0920 target.

Toronto MRC 19:54 GMT May 24, 2007 Reply   
Guys I got to ask. How do you arbitrage nymex crude with brent. If anyone can figure that out god bless. More then a seven dollar spread is huge. Normal spreads are 2-3 dollars so either brent is over valued or nymex crude is undervalued. At what point would firms divert their tankers?

Mtl JP 19:49 GMT May 24, 2007 Reply   
HOU rj 19:38 / exactly. many here are rather independent thinkers I would say. no expectations = no disappointment.

HOU rj 19:38 GMT May 24, 2007 Reply   
Have get entertained who cares

HOU rj 19:36 GMT May 24, 2007 Reply   
NP

London NYAM 19:32 GMT May 24, 2007 Reply   
Im sure it is entertaining. Do what you like Im not policing you.

HOU rj 19:26 GMT May 24, 2007 Reply   
London Nyam
This is a free forum may be monitored by the admn
I doubt how credible the postings are
A LOT OF EXPERIENCED AND SENIOR TRADERES COME HERE FOR ENTERTAINTMENT
This is not accetable for a newbee like me , that is the reason I started to post meant for newbees

London NYAM 19:20 GMT May 24, 2007 Reply   
I wouldnt worry about it rj responses or lack therof are irrelavent. Don't waste a post if you are too worried about the audience. Many here arent interested in heart-to-hearts or emotional/personal isues so you may not want to bother if thats where you are going. I think most traders here save their emotions for their families etc and try to keep the markets sterile or at most cute. IMHO 'gl gt' as they say.

HOU rj 19:13 GMT May 24, 2007 Reply   
nyam
No body except u want listen to my story,
that tells me WHAT

London NYAM 19:08 GMT May 24, 2007 Reply   
HOU// I think if its currency related you can just say it.

HOU rj 19:05 GMT May 24, 2007 Reply   
It is telling to me ,
I am an censored

HOU rj 19:01 GMT May 24, 2007 Reply   
Any body hearing

HOU rj 18:59 GMT May 24, 2007 Reply   
Plese do not try to crucify me
Iam going to tell u all a story

London NYAM 18:58 GMT May 24, 2007 Reply   
FWI:http://news.yahoo.com/s/nm/20070524/ts_nm/palestinians_israel_dc_84;_ylt=AjzOhc5nCVw5PJ9wPL390ssE1vAI

London NYAM 18:57 GMT May 24, 2007 Reply   
Is anyone noticing the considerable deteriation of the situation in Palestine/Israel/Lebanon (lets leave a side the usual day-to-day slams in Iraq/Afganistan and Iranian-US posturing)? I really wonder why this seems so off-radar. Is it saturation?
I wonder is the USD still the safe-haven curency?

Vienna GD 18:54 GMT May 24, 2007 Reply   
NY RP 16:48 ... btw the same applies to stoxx (cows, dogs, ...) ... next couple of weeks another party south!

Vienna GD 18:51 GMT May 24, 2007 Reply   
NY RP 16:48 GMT May 24, 2007
True buyers love hard corrections. GL

Nicely said RP ... and yes because true investors always have proper money and risc management, what means they always have some or considerable cash left, besides following trends.

Like you - very much enjoying this party south! Will bring additional gifts for the next party north!
NEver met you in the futures forum?! It's just around the corner!

HOU rj 18:35 GMT May 24, 2007 Reply   
Now the time has come to prove my metal

HOU rj 18:19 GMT May 24, 2007 Reply   
This is meant for the newbees
Most of the good traders leave the seene after the london close
Please do not get dishartended, offcourse, we will not enter in to a new trade after that
But the data between the London close and AU open may give a lot of insight
Good Luck

Como Perrie 18:15 GMT May 24, 2007 Reply   
The following does not bode well for the euro in general.

Terror alert in the nation
A suicide bomber kills 6, injures 91 in the center of Ankara

A suicide bomber on late Tuesday carried out a bloody attack which killed six and injured 91 people in the center of the Turkish capital, pushing the government to take tough measures

HOU rj 18:08 GMT May 24, 2007 Reply   
usd/jpy labouring at 121.40, which may give a good indication for the GBP/jpy

HOU rj 17:46 GMT May 24, 2007 Reply   
Sold some GBP/JPy at 241.oo handile , will keep it till this month end. Very small position

London NYAM 16:54 GMT May 24, 2007 Reply   
GBPJPY bouncing around against trend line support on 30min chart 240.88/90

NY RP 16:48 GMT May 24, 2007 Reply   
hk ab 16:41 GMT May 24, 2007
It always has. The good thing about that is it is known and now used by many groups trading gold. Knowing big banks and always short commercials sell heavy at peaks and overbought conditions is a wonderful heads up. Knowing your opponents strategy is always helpful. So in essence deciding the long term trend, for starters. Then buying on dips and offering on rallies. Sounds easy and is, but not many stick to the simplicity the market has to offer. True buyers love hard corrections. GL

Como Perrie 16:46 GMT May 24, 2007 Reply   
The big eurusd stops are notch below 1.3350

hk ab 16:41 GMT May 24, 2007 Reply   
RP//It is under big hand of manipulation.

HK Kevin 16:40 GMT May 24, 2007 Reply   
Look to sell USD/JPY at 121.50 or try a tiny stop sell at 121.20

London NYAM 16:40 GMT May 24, 2007 Reply   
Squaring out of short EURGBP from .6790 at .6768
Think a re-entry may be possible.

HK Kevin 16:38 GMT May 24, 2007 Reply   
Looking for sell USD/JPY at 121.50 for try a tiny stop sell at 121.20.

NY RP 16:32 GMT May 24, 2007 Reply   
hk ab 16:29 GMT May 24, 2007
Same. Not day trading. 750 then off to 888. Support at 650 and major at 640.
GL

HK Kevin 16:31 GMT May 24, 2007 Reply   
USD unable to rally on the betterh tan expected new home sale figure mean something wrong. May be today is a JPY cross play. Closed saother half of short Cable from 1.9888 at 1.9860 earlier

hk ab 16:29 GMT May 24, 2007 Reply   
RP//what do you see gold now?

Halifax CB 16:11 GMT May 24, 2007 Reply   
USA Zeus 15:49 GMT May 24, 2007
Hope they aren't "camping" because they're losing their houses (welcome back from wherever...)

London NYAM 16:06 GMT May 24, 2007 Reply   
Perrie// Lets let the Asian session decide for us. glgt
Zeus// whats the word?

Como Perrie 15:56 GMT May 24, 2007 Reply   
London NYAM 15:51 GMT May 24, 2007

tend to think we will see some yen strenght into next week or so more than the usd one...but soon to say and not sure of a trend reversal, but some strenght near sure

St. Annaland Bob 15:56 GMT May 24, 2007 Reply   
it feels like lunch/dinner in US/EU will cause lots of food to throw out ... next 3-4 hours will say ... day traders food only ;)

London NYAM 15:51 GMT May 24, 2007 Reply   
Oh my goodness its like PAR only for CAD!

Como Perrie 15:51 GMT May 24, 2007 Reply   
St. Annaland Bob 15:45 GMT May 24, 2007

might be unless holds below some 35/45 levels, but soon to say this memorial squaring up ahead of the long w/e what shows out to be onto markets..hopefully...

me thinking to go light as well and took off some usdcad shorts... I'll see when It clears out this strange mix of jpy and usd strenght on the board currently.

USA Zeus 15:49 GMT May 24, 2007 Reply   
USD camp will grow and grow...

London NYAM 15:46 GMT May 24, 2007 Reply   
jkt-aye 15:28 GMT May 24, 2007// For me it all hinges on this move. There is one pattern left for a reversal that we had an irregular correction on the 15min chart so the b wave extended past the wave 1. If this is to pan out the next wave must be wave three and it must begin to gain fdownside momentum. Otherwise this was another head fake. The reactio to the news and the choice of posies to follow the bad interpretation of the data rather than follow through on the good makes me think the odds are better for a deeper correction on the pair. I particlarly like the support that this is getting from the crosses (GBPJPY and EURJPY).

St. Annaland Bob 15:45 GMT May 24, 2007 Reply   
does anyone see €/$ close below 13400 today?

madrid mm 15:45 GMT May 24, 2007 Reply   
May 24 (Bloomberg) -- Congress branded yesterday's U.S.- China agreements on financial services and aviation inadequate and moved to consider new trade measures against China even as Vice Premier Wu Yi met with lawmakers.

madrid mm 15:42 GMT May 24, 2007 Reply   
London NYAM 15:32 GMT May 24, 2007
Cool. Thanks. I do it on a daily basis. You need to find the best correlation pairs though.. And some fine tuning too. I believe you risk far less than being stopped again and again.
Just MHO of course.

TREVISO Fede 15:31 GMT May 24, 2007
1.3416 here

Como Perrie 15:33 GMT May 24, 2007 Reply   
TREVISO Fede 15:31 GMT May 24, 2007

do have 1.3415/16

London NYAM 15:32 GMT May 24, 2007 Reply   
mm// I have tried that before twice and both times i lifted the legs on the winners too early :).
In this case i was hegding half against a sweep of USD on JPY figuring it would also move in my favour on cable. Pattern-wise a fall back below 121.45 meant it was a false move (ta da!). Wasnt a full hedge or a straddle-play. I would love to hear some one real time pull that off though.

TREVISO Fede 15:31 GMT May 24, 2007 Reply   
Can anyone tell me which is the minimum on Eur/Usd for today? It is very important for me. Thanks to everybody.

Como Perrie 15:30 GMT May 24, 2007 Reply   
Fish and chips on metals

london phil 15:28 GMT May 24, 2007 Reply   
madrid why not just go long or short eur/gbp

jkt-aye 15:28 GMT May 24, 2007 Reply   
NYAM...do you still bearish on usjy ? i'm a little bit confuse with it move recently, although i still play it range. imo, from 4H chart, i found bearish divergence on rsi following with break mid bollinger and support line. from my cycle study i have it is time for south way on daily for 3-4 days ahead, while on short term time frame it indicating (start on next hour) it's tend to go down too at least until end of asia session. thanks for your thought.

London NYAM 15:25 GMT May 24, 2007 Reply   
Aleem// Yes I do if it breaks the barrier at 1.3410. We are trying. But its giving a very good fight.

madrid mm 15:23 GMT May 24, 2007 Reply   
London NYAM 14:56 GMT May 24, 2007

i am just curious NYAM. Why don t you wait till the positions cancel each other or when you are with a smaill profit with your hedging ?

my way of thinking -->
Hetero Pairs Hedge Strategy (HePHS).
In this strategy traders open pair positions in several currencies, long and short in direct currencies and long and long or short and short in indirect currencies. For example GBP/USD long & EUR/USD short at the same time and same lot size.
The Sum of the P/L of these two positions changes and when the total Sum of these two pairs reach to a specific profit, trader closes both positions at the same time. So in this strategy positions are always in hedge condition and have very low risk than other cases.

YES it not perfect I know just wanted to share it. Fine tuning is always needed.

Makassar Alimin 15:17 GMT May 24, 2007 Reply   
NYAM, do you think euro can touch 1.3370 by end of this month?

London NYAM 15:14 GMT May 24, 2007 Reply   
I hope you are right Bodrum. It would make things easier. So it seems that equities are taking this as a hint that hmm actually the Fed doesnt have to cut rates anymore. But the fact that the USDJPY is still following equities rathe then interest rates is interesting no?

Bodrum OEE 15:04 GMT May 24, 2007 Reply   
London NYAM

Thank you.

USD/JPY is the only pair that can go higher and end its historic correlation to Yen crosses especially to GBP/JPY (that would be good for your current holding). However my bias is on the opposite direction (GBP or AUD or emerging market ones leading the rest down including USD against JPY).

I must go now. Good luck.

Como Perrie 15:02 GMT May 24, 2007 Reply   
Ref. previous usdcad read 1.0820 to 1.0760

Como Perrie 15:00 GMT May 24, 2007 Reply   
Was checking up this usdcad some now. Still unclear in general, seems bit defended but interesting the Usd here did not took any advantage from previous data release. Short term do see side to down more likely. 1.1820 to 1.1760 supporting It for now yet.

London NYAM 14:56 GMT May 24, 2007 Reply   
Once again pretty poor follow through against the yen. Stopped out on my hedge long USDJPY. Not very convincing.

London NYAM 14:37 GMT May 24, 2007 Reply   
CB//Move so far in line with my expectations on USDGBP still correcting that big move yesterday and I think even 1.9790/95 is in play which looks pretty close to your 20hr average (white line).

HK Kevin 14:37 GMT May 24, 2007 Reply   
Cale need to break below 1.9832 for further downside. I just closed hald short position from 1.9888 at 1.9842

Halifax CB 14:32 GMT May 24, 2007 Reply   
Whoops, Chart Try again...

Halifax CB 14:31 GMT May 24, 2007 Reply   
Still in damage control on GBP/USD short but the pressure is letting up. The (roughly) 20 hr average -thick yellow line - should provide a good SL, which is a whole lot better than the 1.9915...Chart, at least until the action is back on higher time frames.

St. Annaland Bob 14:30 GMT May 24, 2007 Reply   
the way USDJPY does around 12165 sends the message it's bull market and 12200 test will get it's try again sooner then later.

London NYAM 14:30 GMT May 24, 2007 Reply   
Bodrum OEE 14:26 GMT May 24, 2007//Totally agree I think the juncture is nigh. The problem is I think that it's a massive trend and it will take many headfaked in both direction before we get a real move against trend.

Bodrum OEE 14:26 GMT May 24, 2007 Reply   
London

NYAM,

On the morning's question, it is possible that unless GBP appreciates against JPY around 8 and 24 per cent respectively from these levels a bull trend of 22 years may become a bear one in failed attempts to do so.

Shouldn't US strength also help Japanese economy recovery meanwhile?

Done and gone now.

Regards.

dc CB 14:19 GMT May 24, 2007 Reply   
Golly, drop the price of a new house by 50 to 100K and gee it gets sold. Dow goes to another record. Greeny the big bad wolf...who's afraid!

but...with the Memorial Day, 3 day weekend ahead, which officially kicks off summer in the US, and with friday being the "let's leave early to beat the traffic day" ...it will be interesting to see how willing traders are to leave ALL the money on the table for that long.

London NYAM 14:16 GMT May 24, 2007 Reply   
Buying USDJPY to hedge short GBPJPY.
Wonder when the interest rise effect will clear through the Equities. Or maybe the old caveat doesnt apply and the econ optimism is mnore key.

Como Perrie 14:13 GMT May 24, 2007 Reply   
CHF 3-month LIBOR: 2.46 moving towards the upper limit of the official interest rate progressively at 2.75 and maybe into the next meeting.

http://www.snb.ch/en/iabout/monpol

Find here the quarterly bulletins.

http://www.snb.ch/en/iabout/monpol/id/monpol_2007


The Swiss economy had grown 2.7 percent in 2006 - the fastest rate in six years.

A further 25 to 50 basis point increase in interest rates - the seventh in a row - is expected at the Swiss bank's quarterly meeting in June.

Bodrum OEE 14:10 GMT May 24, 2007 Reply   
I leave for the day now. Good luck to you all

Melbourne Qindex 14:09 GMT May 24, 2007 Reply   
USD/JPY : The center of the daily cycle projected series is located at 121.69. Upside targeting points are 121.88 and 121.97.

Bodrum OEE 14:09 GMT May 24, 2007 Reply   
GENEVA DS 13:50 GMT May 24, 2007
thanks PAR.... this is why probably the JPY will weaken on any signs of selling in China... good point... thanks

PAR 13:48 GMT May 24, 2007
Japan trade surplus expanded 51.8 % in april and China is their biggest trading partner .

April 27, 2007

In 2002, China was responsible for 38% of Japan's economic growth, but in 2006, this rate reached 68%. China's fast economic growth is the main reason for Japan's export surplus with China.

Zhong Naiyi from Shanghai International Affairs Research Institute said Japan's trade center is shifting east. For a long time, the EU and the US have been Japan's most important trading partners. As the global trade pattern changes and the US economy slows, Japan is constantly increasing investment in China, bringing Sino-Japanese economic and trade cooperation closer and closer.

According to data from Japan's finance ministry, since 1999, Japanese exports to China have set record highs. In 2005, the value of Sino-Japanese trade reached US$189.3 billion, making Japan one of China's three largest trading partners. As of the end of 2005, Japan's accumulated investment in China had reached over US$70 billion to make it the main source of foreign investment in China.

Although in recent years Sino-Japanese political relations have appeared cold, bilateral trade and investment have increased substantially. Chinese Premier Wen Jiabao's "ice-melting" visit to Japan from April 11 to 13 will help give even momentum to Sino-Japanese economic cooperation.

Japanese economic analysts say that 2006 was a good year for Sino-Japanese economic relations. The relaxation of political tensions is not only conducive to the smooth development of bilateral economic relations, but also a turning point for the two countries in coordinating and dealing with problems facing the Asian economic community.


Sino-Japanese trade pattern hasn't changed

In March, Japan's trade surplus with China reached 12.33 billion yen, the first surplus in three years.

In the long run, Japan's short term increase of exports to China will not affect the pattern of Sino-Japanese trade. Analysts believe that the reason for the surplus in March is that March is the last month of Japan's fiscal year and usually exports in this month are larger than in other months. The appreciation of the RMB has also promoted an increase of Japanese exports to China.

In China, analysts say, the drop in exports in March was due to an expectation that China would readjust the export tax. Many exporters tried to export more in January and February before changes to the tax policy. This year the Chinese Spring Festival also fell in February. The effect of this was felt in March.

Insiders say that they are not surprised at such a phenomenon because in the first three months of this year, China's total trade surplus reached US$46.4 billion, almost double the same period of last year when it was $23.3 billion dollars. This suggests that the increasing trend has not changed.

China is still expecting a huge trade surplus this year. This will put even greater pressure on the Chinese government to allow the RMB to appreciate.

By People's Daily Online

St. Annaland Bob 14:07 GMT May 24, 2007 Reply   
maybe it was good chance to buy Sub-Prime shares at dip

UK Alex 14:07 GMT May 24, 2007 Reply   
Halifax CB 14:04 GMT May 24, 2007
Sure.

PAR 14:05 GMT May 24, 2007 Reply   
Paulson has never seen such a strong US housing market in his life . Lol.

Halifax CB 14:04 GMT May 24, 2007 Reply   
UK Alex 13:59 GMT May 24, 2007
That would be cool, I'm so behind on programming it isn't funny. Can I get your e-mail from Jay?

Melbourne Qindex 14:04 GMT May 24, 2007 Reply   
USD/CHF : The normal daily cycle upper limit is defined at 1.2323.

UK Alex 14:03 GMT May 24, 2007 Reply   
US Apr New Home Sales +16.2% To 981,000 ; Consensus 860,000

US Mar New Home Sales Revised To 844,000 From 858,000

Bodrum OEE 14:02 GMT May 24, 2007 Reply   
Paris OECD 10:25 GMT May 24, 2007
OECD ups Japan growth f'cast, advises no rate hike

Does OECD recommend (sustained) devaluation to Japan?

PAR 12:42 GMT May 24, 2007
With oil and commodity prices comming down expect Japanese deflation to accelerate .

Between 1997 and 1999 US GDP growth expanded and consumer price index was up when oil prices were down.

Oil cost hiked from 1999 to 2001 - when GDP growth would be higher had it not.



BAHRAIN Bahrain1 14:02 GMT May 24, 2007 Reply   
NEW HOME SALES 981K EXP860K

Mumbai Deepak 14:00 GMT May 24, 2007 Reply   
munich hans 13:11// The SNB meets once in 3 months. The next meet is sheduled on 14-July-2007. They are expected to hike rates by 50Bps by changing the current range of 1.75% - 2.75% to 2.25% - 3.25%.

Note there is a Press conference after the event also.

Melbourne Qindex 14:00 GMT May 24, 2007 Reply   
EUR/USD : The normal daily cycle lower limit is defined at 1.3406.

UK Alex 13:59 GMT May 24, 2007 Reply   
CB, how is your DLL coming along? I can program it for you if you like. Just let me know what matrix ops and dimensions you need.

Como Perrie 13:59 GMT May 24, 2007 Reply   
Mtl JP 13:48 GMT May 24, 2007

It is not excatly like that. There are billions of hot money flowing from/into the chinese markets. Most are not under control. So they will go ahead with revalutions and market reforms before risking being sinked. But maybe wasn't politically interesting to say It out for unknown reasons.

see

May 21 (Bloomberg) -- China faces growing pressure to increase the value of the yuan, and Henry Paulson has nothing to do with it.

The world's fastest-growing economy is so hot that the government is considering a currency revaluation prompted by uncontrollable money supply growth, inflation, a runaway stock market and ballooning foreign exchange reserves.

``This is a modest and methodical act and very much in keeping with China's own interest,'' said Charlene Barshefsky, the chief U.S. trade negotiator from 1997 to 2001 and now a senior international partner at the law firm WilmerHale in Washington. ``It needs greater control over its economy and it needs to do that now.''

Melbourne Qindex 13:56 GMT May 24, 2007 Reply   
GBP/USD : The upper barrier of the daily cycle is located at 1.9884* // 1.9903.

London NYAM 13:55 GMT May 24, 2007 Reply   
Halifax CB 13:52 GMT May 24, 2007 //To ride with them?-Fade them?- or avoid getting hit by them?

Halifax CB 13:52 GMT May 24, 2007 Reply   
NYAM - that's a good point though. One of the aspects I'm working on (& wish I had paid attention testerday) is estimated acceleration & velocity, aka stop runs....)

UK Alex 13:50 GMT May 24, 2007 Reply   
madrid mm 13:38 GMT May 24, 2007
Haven't read it yet, but I will hazard a guess that one of the prime motives is the big tax write off from the huge debt financing.

GENEVA DS 13:50 GMT May 24, 2007 Reply   
thanks PAR.... this is why probably the JPY will weaken on any signs of selling in China... good point... thanks

PAR 13:48 GMT May 24, 2007 Reply   
Japan trade surplus expanded 51.8 % in april and China is their biggest trading partner .

Mtl JP 13:48 GMT May 24, 2007 Reply   
DS 13:43 / why should they crash ? Chinese authorities do not allow Chinese "investors" to invest outside of their country: where else are they to put their money ? It appears that February 9% drop was a buying opp.

--
Data event risk:
14:00GMT - US Apr New Home Sales Mrkt: 860K vs 858K last

Melbourne Qindex 13:47 GMT May 24, 2007 Reply   
GENEVA DS 13:43 GMT - USD/JPY may follow there is a crash in the stock market.

NYC 13:46 GMT May 24, 2007 Reply   
DS. JPY would rise on repatriations and unwinding of carry trades

GENEVA DS 13:43 GMT May 24, 2007 Reply   
if chinese stocks crash, I could imagine the currencies in Asia... all of them (i.e. JPY included) will crash as well... what a thought.. anybody ? gl

madrid mm 13:38 GMT May 24, 2007 Reply   
great article - Anatomy of a modern private equity deal - Click here

GENEVA JFO 13:32 GMT May 24, 2007 Reply   
Hihi Guys,

Eur/usd : Eur still bid for a try at 1.3480/90. But this level can resist and bring it down under the fig 1.3400..........soon !!

Gd trade all

London NYAM 13:28 GMT May 24, 2007 Reply   
Sorry CB didnt realize you were looking at the daily close as an exit rule. Cleva cleva.

Melbourne Qindex 13:28 GMT May 24, 2007 Reply   
USD/CAD (Weekly Cycle): The critical level of my weekly cycle charts is located at 1.0812* - [1.0856]. The odds are in favor of maintaining a short position when the market is trading below 1.0812. The short term targeting points are 1.0634 and 1.0723. The center of the daily cycle projected series is [1.0853]. Speculative selling pressure will increase when the market is able to penetrate through the lower barrier at 1.0788 // 1.0801. The daily downside targeting points are 1.0775 and 1.0788. The upside targeting points are 1.0871 and 1.0906.


Daily Cycle : ... 1.0749 - 1.0766* - 1.0775 - 1.0788 // 1.0801* - 1.0814 - 1.0818 - 1.0827 - 1.0836* - 1.0840 - [1.0853] - 1.0866 - 1.0871* - 1.0879 - 1.0888 - 1.0892 - 1.0906* // 1.0919 - 1.0932 - 1.0940* - 1.0958 ...

London NYAM 13:23 GMT May 24, 2007 Reply   
Watch out for a stop run CB! usdgbp

St. Annaland Bob 13:22 GMT May 24, 2007 Reply   
nyam // lol ... the making $3000 announcement will ensure the $30000 wipe to stay silent ... seriously, recent action suggest cable to withdraw from somewhere between 19900-19950 until the summer heat of this part of the globe will pass ... but, SINO-NIPPON players may squeeze towards the place small fish cannot go ... anyway, total equity will judge who does it right ;)

Syd 13:21 GMT May 24, 2007 Reply   
China’s stock markets are roaring to record levels as millions of small investors bet their savings in a frenzy of speculation. But there is a danger the markets may overheat and even crash with unforeseeable consequences
Stock-market fever has spread so rapidly across China that dozens of taxi drivers in the city of Chongqing, far down the Yangtze river, have lent out their coveted cab licences while they spend the day trading shares.
The mania for shares among Chongqing taxi drivers is likely to rattle western investors, who remember that the temporary slump in Chinese equities on February 27 set off a global rout in capital markets at a cost of more than £1,000 billion.
“Trading hours coincided with my shift so I gave up my cab,” Lin Huaqiang, a driver, told a local reporter who discovered that more than 100 cabbies had followed his example.

Even schoolchildren given cash by relatives at this year’s spring festival have clubbed together to pile into investment funds. Among them are eight members of a class in a Nanjing primary school. One of them is Xiao Yue, 9, who boasted that he had already made £66 profit on an investment of £1,300, concluding: “What fun”.
http://business.timesonline.co.uk/tol/business/industry_sectors/banking_and_finance/article1812968.ece

nj jf 13:21 GMT May 24, 2007 Reply   
good chart cb - there are alot of points in this 95-15 area...
support @1.9855 is the key after some buy initiation signal given just now. (keep in mind I dont trade the gbpusd) gt

NYC beyond_destiny 13:21 GMT May 24, 2007 Reply   
Como Perrie 13:17 GMT May 24, 2007

Thank you,

your timely reminder always alert me that be cautious of my loonie long. Out for profit right before train heads to next station. Still, I think loonie is due to large correction if 1.08/1.0775/1.055 reached, IMHO.

Como Perrie 13:17 GMT May 24, 2007 Reply   
NYC beyond_destiny 13:06 GMT May 24, 2007

Still same as posted previously. Tend to think more of fundamental nature rather than technical.

London NYAM 13:16 GMT May 24, 2007 Reply   
Bob//Figured ;)
235.00 would be lovely. The $3000 dollar question is has that process begun. I could read it either way right now and sideways action may hang around for a bit while the main action may be the straight USD plays. Just a thought.

Halifax CB 13:15 GMT May 24, 2007 Reply   
On the downside, I'll be killing my GBPUSD short on a daily close of above 1.9915 (roughly speaking), as that would mark a cross of the 2 deviation level on the down channel, as well as a cross of several longer term filters that have been stable indicators of trend finishes. Chart. Profitable, but not as much as hoped for...(Knew I shud have killed it at the 1 deviation line from the primary trend, but alas greed stood in the way...)

Mtl JP 13:15 GMT May 24, 2007 Reply   
Syd 13:05 GMT / re "if Chinese individuals stopped their huge saving habit"

contrast with

"From May 15-22, an average of 266,000 accounts were opened each day compared with 342,000 in the previous week, according to the China Securities Depository and Clearing Corporation." - chinadaily

It would seem like the pleibians can not satisfy the "authorities" no matter what they do.

madrid mm 13:15 GMT May 24, 2007 Reply   
New Home Sales - Consensus 860,000

Spotforex ny 13:14 GMT May 24, 2007 Reply   
Munich...GVI has a page for the major Cen banks


http://www.global-view.com/gvi2/mm.html


nj jf 13:12 GMT May 24, 2007 Reply   
bob i agree typically $yen will be the one to add volatility in this situation... just in this timezone they are reluctant to do so in recent history - it maybe a better position in asia once these things are able to rise artificially here.

munich hans 13:11 GMT May 24, 2007 Reply   
does any one know when snb have policy meeting becouse i saw along time they dont have interest rate decision the all other central banks have every month decision and they no

St. Annaland Bob 13:08 GMT May 24, 2007 Reply   
cable means GBPJPY ... oops

St. Annaland Bob 13:07 GMT May 24, 2007 Reply   
me thinks the best way to cool the cable before the next move (up or down) needs it at 23500 area and the best way for sharks to do that will be via USDJPY

NYC beyond_destiny 13:06 GMT May 24, 2007 Reply   
Is Mr. Zeus on vacation? The loonie is in declining in a orderly manner that both sides have a chance to make profit.

1.08 is likely to be protected by option players and may see

futher support @ 1.0775 if market may penetrate it within two hrs...

COMO, could you share ur view of loonie, TIA?

Syd 13:05 GMT May 24, 2007 Reply   
OECD warns of danger of Chinese stocks collapse
Influential global think-tank says it will be hard to limit effects of 'marked correction' to the country's stock markets alone
The OECD said that the problem of China's weak currency against the dollar would be eased only if Chinese individuals stopped their huge saving habit - nearly half the country's GDP.

It said China needed to spend more on education and other social programmes while letting its currency rise in value to hold down inflation.
http://business.timesonline.co.uk/tol/business/economics/article1834368.ece

London NYAM 13:04 GMT May 24, 2007 Reply   
Bob//Yes I'm watching the potential for that cross to break 242.00 as well. But that would mean for me a cable move not a USDJPY move. Straight cable play may work too on a break. Still watching the action though. Thing with the cable is I would like to see a little more of a test of the downside.

St. Annaland Bob 13:01 GMT May 24, 2007 Reply   
but, if EURJPY stays below 16325 for awhile then 16210 may arrive very fast

St. Annaland Bob 12:58 GMT May 24, 2007 Reply   
nyam // USDCAD break down and CADJPY break up happens ... GBPJPY to 24210 area ... so, sweet quick contra may pay fine with EURJPY at the area mentioned

London NYAM 12:53 GMT May 24, 2007 Reply   
Bob//Im looking to add some shorts yes. Already short under the figure small pos.

St. Annaland Bob 12:52 GMT May 24, 2007 Reply   
nyam // do you plan to re-enter EURJPY shorts 16340/50 area?

London NYAM 12:50 GMT May 24, 2007 Reply   
Hope you took your profit out then Dubai. Swinging round again. The beast is loose.

Como Perrie 12:45 GMT May 24, 2007 Reply   
PAR 12:42 GMT May 24, 2007

Do you really think they look at coupla dollars moves on markets?

Take a look

http://www.well.com/~mb/thoughtbits/2005/02/critical-uncertainties-in-oil.html

madrid mm 12:45 GMT May 24, 2007 Reply   
dubai KA 12:39 GMT May 24, 2007

wonderful

i trade YEN vs Zimbabwean Currency.
Made
123456789123456789123456789.23 EUROS
in 9.8 seconds 8-)

moscow mike 12:44 GMT May 24, 2007 Reply   
Halifax CB 12:34 GMT May 24, 2007 - I agree on your point of view about possible stress & pressure during the trade, but i would focus on profits anyway. If you struggle for survival it will always go that way....

PAR 12:42 GMT May 24, 2007 Reply   
With oil and commodity prices comming down expect Japanese deflation to accelerate .

dubai KA 12:39 GMT May 24, 2007 Reply   

$ became strong
i sold the $$ ,
made 3000$ ( in 30 minutes )

London NYAM 12:38 GMT May 24, 2007 Reply   
Thanks Bob appreciate that.
Initial reaction dollar positive with the Yen reacting the least. Good news for USDJPY shorts.

amman 12:35 GMT May 24, 2007 Reply   
it's good so far :D

Halifax CB 12:34 GMT May 24, 2007 Reply   
dubai KA 12:23 GMT May 24, 2007
Just killing time here - but from a trading POV it's *really* important to completely box in your trade before you start - set your SL, your target, even an estimate o rate of movement, and specific reasons why you would adjust one or another, and by how much, because its much more difficult to think clearly (and on longer time frames) once the pressure is on. The main point is ensuring survival, after that maybe profit.....

Como Perrie 12:31 GMT May 24, 2007 Reply   
Mr Paulson told the Financial Times he would "like there to be more movement." But he said: "I am totally convinced that the dialogue is letting us achieve results we would never achieve without it." He added: "You are going to see more progress over time and I think you are going to see it accelerate."

Ms Wu said the announcements reflected China's acknowledgement of the need to "accommodate as appropriate hot-spot questions in current China-US economic and trade relations."

US lawmakers warned that the modest progress could undermine relations with China.

The Chinese delegation meets with Senate leaders on Thursday, after a highly-charged meeting with members of House of Representatives late on Wednesday.

U.S. Rep. Charles Rangel said the Chinese delegation had given "all the same answers" on currency and trade imbalances.

Sen. Max Baucus, chairman of the Senate finance committee, welcomed Wednesday's progress but said he was "deeply concerned" that the dialogue did not address "the undervaluation of China's currency."

http://www.ft.com/cms/s/1e91d272-096f-11dc-a349-000b5df10621.html

amman 12:26 GMT May 24, 2007 Reply   
i SL 1.9870 GBPUSD .. hope it's gonna go well :D

St. Annaland Bob 12:25 GMT May 24, 2007 Reply   
nyam // very helpful posts, you see the market very wisely, keep on the great work for yourself and the others ... best of top trades!

London NYAM 12:25 GMT May 24, 2007 Reply   
Good point Mike don't shoot me if im wrong. :)

dubai KA 12:23 GMT May 24, 2007 Reply   

i will hold if GBP goes up and wait for it to come down untill late evening

thanks

moscow mike 12:23 GMT May 24, 2007 Reply   
dubai KA 12:12 GMT May 24, 2007
=========
Betting your money relying on someone's quick advise is not a good practice, unless you just need someone to complain later on...

Mumbai Deepak 12:22 GMT May 24, 2007 Reply   
Livingston nh 12:02// Thanks!

So the $-Yen party continues? Now towards 135.00? LOL

But according to the chart just posted by Halifax CB...The Last Relative low for the EUR-USD was at 1.2800 odd so to really produce a "Major Trend Reversal", that has to break. I dont see that happening in 2007 particularly as the Jan-07 Low has been at 1.2866.

Any fall in the EUR-USD which finishes above 1.2800 is just a "Downward Correction" in the EUR in the Long Term Uptrend, the way I interpret the charts.

This current correction in the EUR is already 4 weeks old, and it is for the first time since Jan 2006 that we are seeing 4 back to back weekly losses in the EUR. This is the near the lower end (we could still see 1.3350) of the summer range which is expected in the pair for the next 2 months.

Anyone Agrees?

London NYAM 12:17 GMT May 24, 2007 Reply   
Think 1.9810/20 area is on the cards but another spike to 1.9920 first is possible.

dubai KA 12:12 GMT May 24, 2007 Reply   
wat do you think , will the $ go up or down against GBP
i have sold $ @ 1.9870
please advice quick before the durable goods data comes out

Mtl JP 12:04 GMT May 24, 2007 Reply   
PAR 11:25 / think Brent will boogie higher yet from its current $70ish neighbourhood ?

Livingston nh 12:02 GMT May 24, 2007 Reply   
Deepak - nominal GDP in US bottomed last summer - note that nominal GDP usually has to decline 2 quarters before the Fed cuts

Mumbai Deepak 11:56 GMT May 24, 2007 Reply   
Livingston nh 11:28 // Why do you think that the next FED move is a Hike. Previously never ever has 5 consecutive GDP print below 3.0% NOT produced a cut. US has already had had 4 prints below 3% and by the looks of things we are set for a 5th below also. This would imply a FED cut later on in the year.

BTW, if there is a Hike next to be priced in...what do you expect the worst case for the EUR-USD.

TIA.

London NYAM 11:47 GMT May 24, 2007 Reply   
Bob/nh/CB// Thanks for sharing perspectives. Agree that breakdown of trend may be too severe a use of nomenclature. The break hasnt occurred yet anyway and could from my tech view be accounted for by an ending diagonal (ie; overlapping three wave structure with sub waves in threes rather than fives) but that is pretty rare and usually an EW cop-out.
The suggestion that interest rate pressures will be in play is interesting certainly the weak econ data have been a mixed bag/scylla-charybdis situation for the Fed. It may just be that a shift into inflation fire-fighting will force the dollar into a s/t up phase vs Eur. Consequently we may get a reall mishmash of cross winds. Equities take it as bad news and volatility increases forcing flows back towards the dollar and the yen.
Thanks again.

GVI john 11:42 GMT May 24, 2007 Reply   
GVI Calendar of selected key economic data, central bank meetings, etc....

Halifax CB 11:38 GMT May 24, 2007 Reply   
NYAM; I wouldn't think of the current action in Euro as a breakdown in the trend, simply a correction to it. Interesting exercise is to extrapolate backward the current up-trend in Eur/Usd (from Nov 05 to now) - using a LSQ fit. The reverse extrapolation puts it in 2000 right about the level of the euro at introduction, give or take maybe 500 pips (FWIW, that really should be done on logarithmic charts, not the linear ones I have). The shorter term corrections such as the one we are in now are simply market driven on a normal economic basis.
Chart, with a five year filter, a 1 STD channel over the recent rise, and the extrapolation backward.

GVI john 11:34 GMT May 24, 2007 Reply   
Updated 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


Updated twice daily. Access GVI free

Chart Points and Moving Averages

Livingston nh 11:28 GMT May 24, 2007 Reply   
NYAM - re: EUR - watch the fixed income side in the US as the light bulbs start to go on - Fed cuts are now in question so the "no change, ever again" starts to dominate -- the big EUR/USD rout occurs when they figure out that the next Fed move is a hike

PAR 11:25 GMT May 24, 2007 Reply   
General deterioration in may Germany s, France s and Italy s business confidence does not bode well for Europe especially not with Brent at new highs for the year .

St. Annaland Bob 11:23 GMT May 24, 2007 Reply   
nyam // read Shanghai BC levels per EURUSD for the bigger picture and day trade with that bias ... will be very wise to let the bloodbath of 13350-13400 zone run with very very short time frame trades ... happy and safe trades

London NYAM 11:03 GMT May 24, 2007 Reply   
Ive been discussing with my associate regarding a gowing technical breakdown in the EUR suggesting a s/t to m/y trend towards 1.3000 in Euro and trying to come up with the thematic fundamental justifiction for it. Being fundamentltally inclined towards continued strength in the Euro has made it difficult for me to come up with the theme. Anyone who is bullish USD vs EUR have a fundy rational for it?

Como Perrie 10:55 GMT May 24, 2007 Reply   
Russian metals giant Norilsk Nickel said on Thursday it has received clearance from the Australian Competition and Consumer Commission regulator for its offer to buy Canadian miner LionOre

London NYAM 10:38 GMT May 24, 2007 Reply   
Bob//ditto my bias to break the 134.05/10 support. Breaking the figure will sweep some heavy stop territory. Its been struggling to get upside momentum and follow USDGBPs lead yesterday. Any of you seeing stopland around there or am i just imagining things?

St. Annaland Bob 10:33 GMT May 24, 2007 Reply   
happy day! ... the very tight USDJPY range suggests the EURUSD will close below 13400 or above 13500 today ... happy and safe trades!

The Netherlands Purk 10:25 GMT May 24, 2007 Reply   
Loonie= usd/cad

Well i should say now that pattern resumed in loonert. So keeping the range in mind 10774 is the low or 10744 or 10722. This depends on where we see those levels, just look at the timepath dont be nervous and take 20 pips a time.
Only 10891 can spoilt this today imo.

Remember that it gives you multiple chances to short or long from the high or low...

Paris OECD 10:25 GMT May 24, 2007 Reply   
OECD ups Japan growth f'cast, advises no rate hike

HK [email protected] 09:50 GMT May 24, 2007 Reply   
Yen may reach 120.50, and by that it opens the way to some more gains.

If you do not hear too much noise from US legislators about China unfair trade practices and currency , maybe there was some serious deal . After all Paulson can't show nonstop failures in the negotiations. Must bring some good news for his beleaguered president.

Mtl JP 09:49 GMT May 24, 2007 Reply   
Purk 09:42 / Loonie = uscad or cad$ ?

The Netherlands Purk 09:42 GMT May 24, 2007 Reply   
Loonie: waiting for the bottom than i take the second long.

Bugger: 16318 seen, now 16278-16244-16218 (yesss)
Just take the high of today as a spoilmoment, but i think that a break of 16344 says enough...

e/u: no change 13402 or 13512. When it break the high maybe a long is not such a bad idea.

Looking for JR...

HK [email protected] 09:25 GMT May 24, 2007 Reply   
madrid mm 09:13 GMT May 24, 2007
"A multi-millionaire businessman has lost his appeal in cutting a record-breaking 48 million pound divorce...."

REMEMBER all: Marrying a woman is a marry one take one deal.

YOU MARRY THE WOMAN AND YOU TAKE........................................... HER LAWYER TOO!!!

This is not a joke at all!!!!!!!!!

madrid mm 09:13 GMT May 24, 2007 Reply   
"A multi-millionaire businessman has lost his appeal in cutting a record-breaking 48 million pound divorce...."
Why should i get married, pease remind me the good points ? 8-) Now i wish i knew the ex wife to offer my services a a FX trader.

Bodrum OEE 09:08 GMT May 24, 2007 Reply   
London NYAM 08:54 GMT May 24, 2007

Thank you very much.

I think we can correct lower than many think on JPY crosses even at the first move down. However I am puzzled regarding the duration of the stubborn stance of the market. One by one people and institutions are warning against one directioned bets yet ...However there is a tone change in expressions of the counter view I modestly detect.

It is nice here (and no rain unfortunately).

I leave wishing you and others best.

London NYAM 08:54 GMT May 24, 2007 Reply   
Bodrum// Morning to you (another sunny clear day here). USDJPY looks like in intraday corrective consolidation that will probably be low vol and range between the highs and lows this week. Highly unlikely we break above highs unless the data this week proves surprisingly strong in the US (I don't favour this). I think we are setting up for a correction lower later today or tomorrow. 121.60/80 should cap the moves but a last attempt to break is still a possibility. IMHO. And you?

London NYAM 08:47 GMT May 24, 2007 Reply   
EUR/JPY : My top count has a 5 wave sequence from 164.00 completed with an extended wave 5 on the final leg to the recent lows today of 162.9 So a correcive sequence is due today. Small contra position open with stop and reverse just below todays lows. P/T at 163.36 and at 163.48.

Bodrum OEE 08:41 GMT May 24, 2007 Reply   
London 08:05 GMT May 24, 2007


NYAM good morning to you. Do you have an upside bias on USDJPY this and next week? Thank you. Regards

Melbourne Qindex 08:40 GMT May 24, 2007 Reply   
Gold : The market is under pressure when it is trading below 663.2. It is likely that the market will test the supporting strength of the barrier at 641.1 // 645.5. The current expected trading ranges are 641.1 // 645.5* - 651.4 - 654.4 - 657.3* - [663.2] - 669.1*

Kaunas DP 08:38 GMT May 24, 2007 Reply   
placed SL for my GBP/JPY 241.69 short at B/E, TP 236.69

Bodrum OEE 08:33 GMT May 24, 2007 Reply   
madrid mm 08:20 GMT May 24, 2007

Sure. EURNOK is overvalued in my opinion.

madrid mm 08:20 GMT May 24, 2007 Reply   
Bodrum OEE 08:17 GMT May 24, 2007

I tend to look at them only on rate decision day as they tend to move dramatically.... Not for the faint hearted though

nyc 08:19 GMT May 24, 2007 Reply   
Jerusalem ML 08:06 GMT May 24, 2007
yes...send us the one that shows the circumcision...lol..

Bodrum OEE 08:17 GMT May 24, 2007 Reply   
madrid mm 07:43 GMT May 24, 2007


EURNOK (is worth a look). Probably more frequently. Good day

madrid mm 08:07 GMT May 24, 2007 Reply   
Jerusalem ML 08:06 GMT May 24, 2007
8+-)

Jerusalem ML 08:06 GMT May 24, 2007 Reply   
madrid
ill have to send a pic:)
I wish u all good luck, i think euro clearly trending lower, stepwise, but indeed lower
CAD- also looks to had lower , towards 1.09
M

London NYAM 08:05 GMT May 24, 2007 Reply   
I was saying yesterday that for USDGBP to come off the Eur/USD had to fall too as the EURGBP was showing strong signs of comming off to .6700 area [was .6790] due to a H&S or wave C pattern.
USDJPY is extending the wave1 made yesterday. It should accelerate this week.

slv sam 08:03 GMT May 24, 2007 Reply   
Jerusalem ML 07:51/
If 1.3375 is broken...then we much lower levels imo!GT

BAHRAIN Bahrain1 08:02 GMT May 24, 2007 Reply   
IFO 108.6

madrid mm 07:54 GMT May 24, 2007 Reply   
difficult to see your lips from here 8-)

Jerusalem ML 07:51 GMT May 24, 2007 Reply   
Read my lips -
EURO TO 1.32 THIS WEEK
Good luck

madrid mm 07:43 GMT May 24, 2007 Reply   
Norway's Krone Advances Versus Euro as Economy Expands More Than Forecast The Norwegian krone advanced the most in more than two months after a government report showed economic growth expanded more than forecast, adding to pressure on the central bank to increase interest rates. Bloomberg

these Nordic currencies might be worth a llok from time to time...

Gen dk 07:43 GMT May 24, 2007 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

GENEVA DS 07:42 GMT May 24, 2007 Reply   
CHF could soon start new down leg... economics look good, but Swiss need a weakening currency to stay competitive... so next major chart level is 17000... good luck

madrid mm 07:41 GMT May 24, 2007 Reply   
PAR 07:35 GMT May 24, 2007

that was before yesterday AC Milan win 8-)

PAR 07:35 GMT May 24, 2007 Reply   
Sharp drop in Italian may business confidence to 96.2 . Mainly due to too strong Euro .

PAR 07:23 GMT May 24, 2007 Reply   
After a higher than expected German ZEW also IFO should be sharply higher than expected reflecting the more optimistic sentiment in Germany .

Bodrum OEE 07:13 GMT May 24, 2007 Reply   
AZUSA 4x-ed 07:07 GMT May 24, 2007

Thank you for the response. I think Alan Greenspan is verbal about what we think we know. The timing was interesting yet I think Mr. Greenspan has acted in possible level of integrity and goodwill. When paid in return of your services you may be bound with restrictions. Regards

AZUSA 4x-ed 07:07 GMT May 24, 2007 Reply   
Bodrum OEE 06:58 GMT May 24, 2007 || Perhaps you are right... some know or suspect that PIMCO had some issues related to their bond holdings. However, isn't Greenspan voicing what most of us are already thinking?

PAR 07:06 GMT May 24, 2007 Reply   
Japan trade surplus with the rest of the world rose 51.8 % in april , gaining for the sixth consecutive month in a row mainly due to increased exports to Europe and China where the japanese car manufacturers are increasing their market share .

Syd 07:00 GMT May 24, 2007 Reply   
Germany's economic upswing significantly slowed at the start of 2007, as a slump in private consumption and falling exports offset buoyant investment spending, data from the Federal Statistics Office confirmed Thursday.

On the quarter, real gross domestic product rose 0.5% in the first three month of the year, after gaining 1.0% in the fourth quarter of 2006.

The annual growth rate slowed to 3.6% from 3.9% in the fourth quarter - a rate that is still regarded as robust by economists.

Bodrum OEE 06:58 GMT May 24, 2007 Reply   
Is it not curious why Alan Greenspan who advises an investment banking institution in the United States waited until now to announce Chine hyper-valuation? Could it be that allies are out their positions by now (and shifted downwards) against the current bubble?

PAR 06:52 GMT May 24, 2007 Reply   
French may business sentiment declines sharply to 109 from 112 .

madrid mm 06:39 GMT May 24, 2007 Reply   
part of the previous post -
"``At the moment our risk models are still in `risk-loving' territory, which is why we are still long carry,'' said Phyllis Papadavid, a currency strategist at Lehman Brothers Holdings Inc. in London. The drop in volatility ``is why we are using the Swiss franc as a funding method'' for carry trades."

madrid mm 06:37 GMT May 24, 2007 Reply   
May 24 (Bloomberg) -- Volatility on Swiss franc options has fallen to the lowest in at least 11 years, increasing investors' appetite for borrowing in the currency to finance purchases of higher-yielding assets. Click here

Bodrum OEE 06:37 GMT May 24, 2007 Reply   
GENEVA 05:57 GMT May 24, 2007

Hello DS,

Japanese Yen problems are not restricted to homeland. It is globe oriented, thereby involves China, too.

Chinese also could be faced with the possibility of consciously or otherwise being a part of correcting this picture.

I wish you good luck

Regards

madrid mm 06:20 GMT May 24, 2007 Reply   
Highlights

LDP head of monetary panel Shigeyuki Goto says Japan is not ready for a BoJ rate hike in July - Jiji.

IMF says BoJ rate hike should be delayed until inflation expectations recover and rising CPI trend. Inappropriate for BoJ policy to target asset prices and carry trade and currency. BoJ should adjust rates gradually and mindful of lack of signs of inflation. Does not endorse intervention to strengthen JPY. Suggests Japan to let JPY appreciate if upward pressure emerges.

Kyodo News: The US and China agreed during two-day bilateral economic talks on the need to rebalance China's economic growth through increased domestic consumption and restrained exports, a far cry from a breakthrough in the spat over Chinese currency reforms.

China Vice Commerce Minister Ma Xiuhong says China business delegation signed contracts worth about $32.6b so far in US.

US House lawmakers tell Chinese Vice Premier Wu Yi that they have serious concerns on China's FX massive FX intervention.

US House and Means Committee Chairman Charles Rangel says the US House is "moving forward" with legislation aimed on China bill.

PBoC Governor Zhou Xiaochuan says China has agreed with US it needs to move toward a more flexible CNY, but both differ over pace of change.

PBoC fixes USD/CNY at fresh new lows of 7.6525, from its close of 7.6530 yesterday.

NZ Trade deficit for April -NZD212m, wider than -NZD13m exp.

Japan Trade surplus for April +51.8y/y to Y926.7bln, in line with expectation.

Asia session started with fear of China stock markets sell off after GREENspan raised RED flag on China stocks. Market players were on defensive in event of the selloff triggering risk aversion and unwinding of carry trades, putting some heavy tone on AUD/JPY, NZD/JPY.

China stock market remains resilient, opening +0.36%, and making fresh all time highs of 4,208, b4 giving up gains, not before providing calm to the markets and Cross/JPY. Shanghai index -1.15%.

China PBoC fixes USD/CNY at fresh lows 7.6525, though little impact on FX.

Interesting talks of Taiwan CB asking traders not to be long USD, while USD/JPY exporters offers still ahead of 122 barriers, with talks of good offers capping topside after it hit fresh 3-half month highs of 121.88 yesterday.

Bid still placed around 121.20-30, with talks of fresh Japanese investment trusts, toushin demand, totalling >$2-3bln in coming days till June as Japanese investors put their put overseas in search of higher yields. USD/JPY stoploss above 122.00/10.

Some talks of AUD/JPY, NZD/JPY sales from Japanese on Uridashi redemption - with talks of AUD750m today and NZD720m tomorrow, NZD/JPY offers ahead of 89.00. Good bids still at 0.7250-60 in Kiwi despite earlier selling on back of wider Kiwi trade deficit.

GBP remains bid after BoE MPC, offers b4 1.99, but stops above. GBP/JPY looking to make further gains above 15-yr high 241.90.

EUR supported on dips - with good 2-way interest from Russian yest - speculative sales versus real money. EUR eye German IFO data.

Nikkei +16pts or 0.09% at 17,721 pts, despite Greenspan warning. JGBs lower despite strong 20 year auction, as 10-yr yield hit 3-month highs 1.715%.

Crude oil little changed in Asia, +0.11 at $65.88

Asian FX range: USD/JPY 121.45/121.65, EUR/USD 1.3446/1.3460, GBP/USD 1.9856/1.9868, USD/CHF 1.2274/1.2281, AUD/USD 0.8216/0.8233, NZD/USD 0.7271/0.7300.

madrid mm 06:17 GMT May 24, 2007 Reply   
May 24 (Bloomberg) -- Asian stocks fell for the first time in four days after former Federal Reserve Chairman Alan Greenspan warned that Chinese equities face a ``dramatic contraction.''

BHP Billiton Ltd. and Taiwan Semiconductor Manufacturing Co. led declines on concern a slump in Chinese shares would spread to other markets. China's benchmark CSI 300 Index slid as much as 1.8 percent from a record after opening higher.

China ``is another one of these classic hot and speculative markets that will end in tears,'' said Hugh Young, who oversees $35 billion as managing director at Aberdeen Asset Management Asia Ltd. in Singapore. ``It's hard to be bullish about anything at the moment because everything has done so well.''

Bodrum OEE 06:14 GMT May 24, 2007 Reply   
BAHRAIN 05:59 GMT May 24, 2007

Hello Bahrain 1. Thank you. Same here..

Regarding GBP/JPY, downside theme is gathering pace. I do not know what you think yet could it not be useful to monitor 243.50s and 80s possibility?

Kind regards

London NYAM 06:11 GMT May 24, 2007 Reply   
Is it the Euros turn to squeeze JPY today?

BAHRAIN Bahrain1 05:59 GMT May 24, 2007 Reply   
Bodrum OEE////
Good morning my frnd......hope all fine with you.
Wish you all the best...take care....Good luck.

madrid mm 05:58 GMT May 24, 2007 Reply   
GM FC Jedi,
“Success is achieved and maintained by those who try and keep trying.” W. Clement Stone

May 24 (Bloomberg) -- U.S. Treasury Secretary Henry Paulson came to Washington with a Wall Street reputation for overcoming all obstacles in the way of a deal. He may have found the one hurdle he can't surmount: George W. Bush's damaged presidency.

Well at least he would have made the right contacts when he will go back to the private industry .

GENEVA DS 05:57 GMT May 24, 2007 Reply   
CHINA BUBBLE.... I think after this mornings correction, we wil start hearing the whole planet shouting... I TOLD YOU SO .... but the fact is that nobody will ever know when a bubble is over till many weeks after the peak... for the moment the charts look dreadful in the chinese stock, but if we compare with NASDAQ in 1999, it still can double or triple... so may be it is wise for us short term thinkers, not being too negative right now and buying JPY , just because of a little correction in CHINA... the problems in JPY are not China... they are homemade and for the moment at least, the trend in JPY is still down... but then again, we have to be ready to adjust any time... good luck to all ....

Bodrum OEE 05:51 GMT May 24, 2007 Reply   
AZUSA 4x-ed 05:38 GMT May 24, 2007

Thank you very much. Kind of you. It is useful. Good day to you.

BAHRAIN Bahrain1 05:40 GMT May 24, 2007 Reply   
Hi Frnds.....
Good day to you all.......
China stocks down, watch DAX....
Get ready to short GBPYEN. take care and GL.

AZUSA 4x-ed 05:38 GMT May 24, 2007 Reply   
Bodrum OEE 05:01 GMT May 24, 2007 || Maybe this will help!?
Consultation with Japan—Concluding Statement of the IMF Mission. The favorable economic outlook provides a good opportunity to push ahead with the reform agenda. We agree with the authorities that the policy priorities remain to secure fiscal sustainability, foster growth and price stability, strengthen the financial system, and deepen reforms to boost productivity. Achieving these goals will help Japan reap the benefits—and meet the challenges—created by the quickening pace of globalization.

Melbourne Qindex 05:21 GMT May 24, 2007 Reply   
EUR/USD : Most of its major crosses are weak and it is likely to be tackled.

Melbourne Qindex 05:14 GMT May 24, 2007 Reply   
EUR/GBP : Pulling towards 0.6713 when it is trading below 0.6777.

Melbourne Qindex 05:02 GMT May 24, 2007 Reply   
EUR/GBP : The monthly cycle projected series suggests that the market has potential to tackle the lower barrier at 0.6732 // 0.6762 when it is trading below 0.6790.

Bodrum OEE 05:01 GMT May 24, 2007 Reply   
correction

Bodrum OEE 04:45 GMT May 24, 2007
Syd 04:25 GMT May 24, 2007

Good morning, could you kindly share what do you make of the following statement of IMF?

"Improper For BOJ Policy To Target Yen-Carry Trade"

Would it not be proper -for IMF- to put it as " Improper For BOJ Policy To Support Yen-Carry Trade" from language point of view?

"Target" as a word is a bit uncertain as to what is meant (i.e. does IMF support Japanese stance on carry or not*).

Thank you

Melbourne Qindex 04:53 GMT May 24, 2007 Reply   
EUR/GBP : the market is under pressure when it is trading below below [0.6779].

Bodrum OEE 04:45 GMT May 24, 2007 Reply   
Syd 04:25 GMT May 24, 2007

Good morning, could you kindly share what do you make of the following statement of IMF?

"Improper For BOJ Policy To Target Yen-Carry Trade"

Would it not be proper to put it as " Improper For BOJ Policy To Support Yen-Carry Trade"

Thank you

Melbourne Qindex 04:41 GMT May 24, 2007 Reply   
USA BAY 04:34 GMT - GBP/JPY : My bias is on the downside.

USA BAY 04:34 GMT May 24, 2007 Reply   
DR Q,

What is your bias for gbp/jpy please. Thank you.

Syd 04:25 GMT May 24, 2007 Reply   
IMF: Project Japan GDP Growth Of 2.3% This Yr, 1.9% Next Yr IMF: BOJ Should Continue To Adjust Rates Gradually
IMF: BOJ Should Focus On Ensuring Japan Growth
IMF: Improper For BOJ Policy To Target Yen-Carry Trade
IMF: Improper For BOJ Policy To Target Asset Price,FX Rates
IMF:No Financial Imbalances Or Inflation Pressures In Japan
IMF: Japan Economy On "Solid Footing"
IMF: Some Land Price Rises In Japan Not Worrisome

Gold Coast sa 04:21 GMT May 24, 2007 Reply   
Hi Does anyone have any cmments on the AUD/US

Dallas GEP 03:55 GMT May 24, 2007 Reply   
fairly wide, 1.9941

CA_SF 03:51 GMT May 24, 2007 Reply   
gep:

where is your stop for gbp/usd?

Dallas GEP 03:39 GMT May 24, 2007 Reply   
Taking eur/gbp long here, target 6800. Already short gbp/usd from 9861 target 9757.

Syd 03:25 GMT May 24, 2007 Reply   
Chinese maids play the markets

This analyst - whose name I know but have agreed not to mention, largely because he is afraid of upsetting his wife - is among the more respected commentators on China's markets, but while the benchmark Shanghai Composite Index was soaring 130% last year, he saw a personal return from his share portfolio of just 5%.

Worse still, among the millions of Chinese who were playing the markets and winning, our analyst found himself outperformed by, of all people, his family's maid.


http://blogs.telegraph.co.uk/business/notesfromthefareast/may07/chinamarket.htm

hk ab 03:10 GMT May 24, 2007 Reply   
zeus, are you on holiday?

Melbourne Qindex 03:00 GMT May 24, 2007 Reply   
EUR/JPY : My bias is on the downside when the market is trading below the center of the monthly cycle projected series located at [164.26].

Melbourne Qindex 02:50 GMT May 24, 2007 Reply   
EUR/JPY the current expected trading ranges are 161.94 - 162.38* - 163.25 - 164.13 - 164.56

Melbourne Qindex 02:44 GMT May 24, 2007 Reply   
EUR/JPY the current expected trading ranges are 162.38* - 163.25 - 164.13

Melbourne Qindex 02:44 GMT May 24, 2007 Reply   
USD/JPY : The current expected trading range is 120.67 - 121.97.

Melbourne Qindex 02:06 GMT May 24, 2007 Reply   
USD/JPY : The current expected trading is 120.67 - 121.97.

hk ab 01:46 GMT May 24, 2007 Reply   
yen will test the top again later.

Melbourne Qindex 01:45 GMT May 24, 2007 Reply   
GBP/JPY : The market is still working on the barrier at 240.16* // 241.88. The current expected trading ranges are
237.87 - 238.44 - 240.16* // 241.88 - 243.60 - 244.75*

Como Perrie 01:42 GMT May 24, 2007 Reply   
Subjectable to demand/offer imo ..but mines in emeging markets most on strikes now some times will cut production heavy imo


so far


Silver Price May Rise on Investor Demand, GFMS Says (Update1)

By Millie Munshi

May 23 (Bloomberg) -- Silver may jump 15 percent by year-end on increasing investor interest and limited supplies, said Philip Klapwijk, executive chairman of precious-metals research company GFMS Ltd.

Total silver supplies slipped 1.5 percent last year to 911.8 million ounces, GFMS said in a report published today by the Washington-based Silver Institute. There is ``a pretty good chance we're going to see another spike before 2007 is over'' and the price could touch $15 an ounce, Kalpwijk said during a presentation to investors in New York today.

Silver futures have gained 1.5 percent this year as a weaker dollar and the creation of exchange-traded funds tied to commodities raised the metal's appeal as an alternative investment. Investor demand helped spur a rally that drove silver to a 25-year high of $15.20 an ounce on May 11, 2006.

``The silver ETF has been a large part the story,'' Klapwijk said.

Limited growth in supply this year, as India's government releases less silver from stockpiles, ``is part of the reason why prices are going to stick around high levels,'' Klapwijk said in an interview yesterday. ``On the other side of the equation, demand is proving to be quite good and we could see the price attack $15 once again.''

``Supply growth has not manifested itself in spite of very attractive silver prices,'' he said today.

Futures Rise

Silver futures for July delivery gained 14.5 cents, or 1.1 percent, to $13.135 an ounce at 12:15 p.m. on the Comex division of the New York Mercantile Exchange. The metal will average $13.75 an ounce this year, according to the median of 12 estimates in a Bloomberg survey. That's 18 percent higher than the 2006 average of $11.62. The metal's average price in 2006 was 58 percent higher than the average the year earlier.

Higher prices have not resulted in significant demand destruction, Klapwijk said.

``It's rather remarkable that given the more than 50 percent rise in price we haven't seen demand drop off more,'' he said. ``A lot of it has to do with strong global growth and, of course, the inelasticity of demand for this metal.''

Industrial demand, which represents 47 percent of total consumption, will buoy prices as silver's use in photography declines, Klapwijk said. Silver is used in electronics such as cell phones and personal computers.

The metal's use in photography dropped 10 percent last year to 145.8 million ounces because of the growth of digital imaging technology, GFMS said. Photography companies such as Eastman Kodak Co., once the world's largest silver consumer, are selling less film as consumers turn to digital cameras.

A futures contract is an obligation to buy or sell a commodity at a fixed price for delivery by a specific date.

Syd 01:31 GMT May 24, 2007 Reply   
Tsunami Warning Issued After Indonesia Earthquake - Report

Como Perrie 01:26 GMT May 24, 2007 Reply   
dc CB 01:18 GMT May 24, 2007

Funny day do think we do stil play de same game

dc CB 01:23 GMT May 24, 2007 Reply   
I've been reading in the US press about the cyber attack on Estonia. Has anyone heard from Tallin Viees? (sp)

dc CB 01:18 GMT May 24, 2007 Reply   
Como Perrie 00:59 GMT May 24, 2007

PS they also refine Low Sulfur Diesel, which I'm sure your know.

dc CB 01:12 GMT May 24, 2007 Reply   
Como Perrie 00:59 GMT May 24, 2007

Hiho. Valero is the largest independent refiner of gasoline and associated products in the US. They were small and obscure but had a plan...so they bought up all the refineries that others were selling really cheap back when oil was 13 bucks. Plus they have the unusual circumstance of having the capability of refining "sour" crude into gasoline. This means that while other refiners need "light" Texas crude...the price you see posted. Valero can use the thick stuff that is very much cheaper.

Anyway. that guy cashed in a BIG WAD of chips in the last couple of days.

Syd 01:04 GMT May 24, 2007 Reply   
NZD/JPY Falling On NZ, Japan Trade Data

NZD/JPY falling on New Zealand April trade deficit, Japan April trade surplus both wider-than expected, says trader at Japan trust bank. Tips initial support at 88.20. Players watching China stocks today. If cross breaks support, could get out of recent range, initiating downward trend. NZD/JPY last at 88.41. Adds AUD/JPY falling in tandem on NZ data, negative bias towards Oceanian region. Tips support at 99.50 for now; cross last at 99.87.

Como Perrie 00:59 GMT May 24, 2007 Reply   
I do not know about the Valero mining gourp post posted earlier, but imo Its about caching the believers stock overvaluation surge and reducing mining production...even if a relatievely small comapany, even if important in such times of shortage of metals..we gonna see


AP
Valero President Exercises Options
Wednesday May 23, 11:12 am ET
Valero Energy President Gregory C. King Exercises Options for 160,000 Shares

NEW YORK (AP) -- The president of oil refinery operator Valero Energy Corp. exercised options for 160,000 shares of common stock, according to a Securities and Exchange Commission filing.

In a Form 4 filed with the SEC Tuesday, Gregory C. King reported he exercised the options Friday and Monday for $7.52 apiece and then sold all 160,000 of them on the same days for $74 and $75.50 apiece.

Insiders file Form 4s with the SEC to report transactions in their companies' shares. Open market purchases and sales must be reported within two business days of the transaction.

Valero Energy is based in San Antonio.

05/02/07 Valero Energy Corporation to Sell Lima Refinery to Husky Energy for $1.9 Billion Printer Friendly Version
04/26/07 Valero Board Approves Election of Eric Fisher to Corporate Officer Printer Friendly Version
04/26/07 Valero Energy Corporation Declares Regular Cash Dividend on Common Stock Printer Friendly Version
04/26/07 Valero Announces $6 Billion Share Repurchase Authorization and $3 Billion Accelerated Share Repurchase Program Printer Friendly Version
04/26/07 Valero Energy Corporation Reports First Quarter Earnings Printer Friendly Version
04/20/07 Valero Tops New 'Fortune' List of Nation's Best Big Employers Printer Friendly Version
04/18/07 Valero Energy Corporation Reschedules First Quarter 2007 Earnings Conference Call Printer Friendly Version
04/05/07 Valero Energy Corporation To Announce First Quarter 2007 Earnings Results April 24 Printer Friendly Version
02/07/07 Valero Energy Corporation To Webcast Analyst Presentation February 8 Printer Friendly Version
02/01/07 Valero Energy Corporation Reports Fourth Quarter and Annual Earnings Printer Friendly Version
01/19/07 Greehey Steps Down as Valero Energy's Chairman to Focus on Valero L.P., Valero GP Holdings and Philanthropic Endeavors; Klesse Elected New Valero Energy Chairman Printer Friendly Version
01/18/07 Valero Energy Corporation Increases Dividend on Common Stock by 50% Printer Friendly Version
01/08/07 Valero Energy Corporation To Announce Fourth Quarter 2006 Earnings Results February 1

Mumbai Deepak 00:45 GMT May 24, 2007 Reply   
Thanks Oilman...
The INR data will reach you today.

BTW, do you have any timeline of data wanted or should I send as much historical as I have.
I am surely sending it today.

Syd 00:29 GMT May 24, 2007 Reply   
Japan's merchandise trade surplus rose 51.8% in April from a year earlier to Y926.68 billion, the Ministry of Finance said Thursday, suggesting exports may keep supporting the country's five-year expansion.

The result was higher than the 47.4% rise expected by economists

hk ab 00:03 GMT May 24, 2007 Reply   
Do you think e/j is better or u/j better?

 




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