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Forex Forum Archive for 05/25/2007

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Miami OMIL (/;-> 22:58 GMT May 25, 2007 Reply   
It is from the Friday food fights that we have here that we weed out the ugly individuals. We are in the forex business to make money but the idea and the reality do not follow each other most of the time. Thanks to all the individuals (with good intentions) that keep this forum alive and well. I hope everyone enjoys their safe holiday weekend. See you on the other side. Peace and GT

USA Zeus 22:29 GMT May 25, 2007 Reply   
dc CB 20:06 GMT May 25, 2007

Love it! :-))

Enjoy the holiday!!

Norway e.s 22:10 GMT May 25, 2007 Reply   
Halifax CB,Thanc you for the anser,long time ago i was in a plase caled Corner Brok.was in a fjord caled humber arm,lost my hart to a girl there still miss her! Whod bee nice to speek more whit you later! Wish you al the berst ! Gl/Gt!

Halifax CB 21:51 GMT May 25, 2007 Reply   
Norway e.s 20:44 GMT May 25, 2007
Halifax CB,
Is that in New Fondland?

Sorry to take awhile to gt back to you....been offline. No, this Halifax is in Nova Scotia, a little to the southwest :). But you should know that; after all it was your people that were the first European settlers in Newfoundland and apparently named it Vinland. Whether that was bit of Viking humor, or whether the weather was actually much nicer than it is now, is still a subject of debate :)

BTW, lovely country Norway -at least it was years back. Fond memories of spending a summer hitch-hiking from Helsinki,Finland up to Hammerfest and then back down hitching rides on boats & cars to Narvik, Tromso, Oslo & Bergen. Met lots of wonderful people, and some of the the most beautiful ladies in the world....


Norway e.s 21:16 GMT May 25, 2007 Reply   
Lahore F.M, I am agree and i hope you are right abot jpy,I am long jpy.Gess your fan club is bigger than you think,and i hope you post more ofthan agen,think much peepol can lern not onli by your trading but alsow by your behavior at this forum!
Wish al a nice wecand!

Lahore FM 20:54 GMT May 25, 2007 Reply   
interesting late action on gbpjpy and other jpy crosses.if we get below 241.00 by tokyo open we may well be 236.00 by tuesday close.

Norway e.s 20:44 GMT May 25, 2007 Reply   
Halifax CB,
Is that in New Fondland?

Gen dk 20:34 GMT May 25, 2007 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

dc CB 20:06 GMT May 25, 2007 Reply   
COT

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

and for your amusement.

Jupiter

good long weekend all

Halifax CB 19:57 GMT May 25, 2007 Reply   
CA_SF 17:46 GMT May 25, 2007
BS!!!
trading is all about making money. All other excuse ie for nOT losing money is just a way to comfort oneself.

Ask yourself, why do you wanna trade?
There is only one answer to that! Making money


Au contraire. Just do what you love doing, the money will come (as long as you commit yourself to what you are doing) pretty much in proportion to your needs. Maybe not for everyone, but it's sustained me for the last 35+ years since my folks gave me the boot :)


USA BAY 19:53 GMT May 25, 2007 Reply   
GUYS cool down and unwind. Have a great memorial day weekend. See you forexers next week. Zeus, take it easy buddy.

Syd 19:17 GMT May 25, 2007 Reply   
Houses 'are priced 65 per cent too high'
The housing market in Britain is up to 65 per cent overvalued and needs further interest rate rises to cool it, international economists have warned.

The Organisation for Economic Co-operation and Development revealed that UK property prices are among the most stretched of any major world economy
LINK

The Netherlands Purk 19:03 GMT May 25, 2007 Reply   
Halifax CB 18:54 GMT May 25, 2007

PLOL.

Lahore FM 18:58 GMT May 25, 2007 Reply   
The Netherlands Purk 18:02 GMT May 25, 2007
i am thankful Purk.really appreciate your generous remarks.thankful to all my friends here.quite a cross section of the folks here who find one reason or the other to think kindly of me.gtgl.have a great weekend!

Halifax CB 18:54 GMT May 25, 2007 Reply   
Purk:
Вы не должны использовать программное обеспечение.

Unless you really wanted to talk to "microphone" :)

The Netherlands Purk 18:42 GMT May 25, 2007 Reply   
Микрофон будет вами там?

The Netherlands Purk 18:21 GMT May 25, 2007 Reply   
Wondering what Sofia Kaprikorn was doing today. Trust that he took a long on the bugger for starters and took an e/u long for the burps after the dinner.

The Netherlands Purk 18:02 GMT May 25, 2007 Reply   
Well i am still a fan of Lahore FM. Think that some people who react on their own mirror may take an example on that man. Never a word of negative about other persons, never about the market, just showing that people are people.
And yes he is here to make money and i whish for that man he gets loads of that! I am sure he will help others with it.
I am reading your posts with respect FM, than to know that i was not a fan of you in the beginning. I admit that i was wrong.

CA_SF 17:46 GMT May 25, 2007 Reply   
BS!!!
trading is all about making money. All other excuse ie for nOT losing money is just a way to comfort oneself.

Ask yourself, why do you wanna trade?
There is only one answer to that! Making money

The Netherlands Purk 17:44 GMT May 25, 2007 Reply   
Tick tick tick, well well again at that 16370ish thingy for bugger. Lets see if 164 can be hit.

Loonie: no longs now, i will be patient to take it at next zone: 10744-10750. Pattern resumes full speed.

e/u normally we should have seen the 135 by now but maybe this is the beginning of a downtrend... if it is than 12345 is the low of the year.

madrid mm 17:36 GMT May 25, 2007 Reply   
remember - you need to realize that trading is not ALWAYS about making money. Much of the time it’s about NOT losing it!
8+-)

have a great w/e and nice holidays for our US and UK FX jedi !

USA Zeus 17:12 GMT May 25, 2007 Reply   
GENEVA JFO 16:58 GMT May 25, 2007
Have a great w/e! :-)


As for the GBP/USD 1.9840 it seems to have been a magical balance point.

GENEVA DS 17:10 GMT May 25, 2007 Reply   
187

GENEVA DS 17:10 GMT May 25, 2007 Reply   
187

GENEVA JFO 17:10 GMT May 25, 2007 Reply   
rmn Delray beach 16:59 GMT May 25, 2007

I see a spike coming in round 172.00/30 before running down
quickly near 148.30/50.

A lot of our friends trying downside are sofar squeezed in this overbght market .

But let's watch out the start of this down correction ........
hmmmm......interresting

rmn Delray beach 16:59 GMT May 25, 2007 Reply   
where do you see euro/yen with your outlook

GENEVA JFO 16:58 GMT May 25, 2007 Reply   
USA Zeus 16:42 GMT May 25 , 2007

Yes, that makes sense with Tommy's!

Have a good one ......... WE of course

GENEVA DS 16:53 GMT May 25, 2007 Reply   
think you can buy here... as short term trading market and option market is still short USDJPY up to their EYEBALLS::.

GENEVA DS 16:51 GMT May 25, 2007 Reply   
USDJPY 130... AUDJPY 108... hope that helps

Mumbai Deepak 16:51 GMT May 25, 2007 Reply   
Monaco Oil man 15:02// Respond to my mail and I will send you the USDINR data!

rmn Delray beach 16:50 GMT May 25, 2007 Reply   
Geneva
by a muich lower yen what levels do you think are major significance and where do you see it in three months?
views appreciated

GENEVA DS 16:45 GMT May 25, 2007 Reply   
We went long for our customer base last week around 657.50, went out before around 688.00 , we believe in a higher Gold price, We believe in much higher commodity currencies and much lower CHF and much lower JPY.

USA Zeus 16:42 GMT May 25, 2007 Reply   
GENEVA JFO 16:33 GMT May 25, 2007

Would need to read the archives for Wfack, CT Cris, CA_SF's comical definition of a never lose 100% guaranty. If you have ever seen the movie "Tommy Boy" then my take may make sense-
USA Zeus 06:37 GMT August 4, 2006

USA Zeus 16:39 GMT May 25, 2007 Reply   
Geneva DS- Why are you so hostile? Gold prices bothering you?

GENEVA DS 16:38 GMT May 25, 2007 Reply   
Makassar..... thanks but I did not want to steal the show to our CAD friend.... in no way.... he deserves our whole attention from now on.... watch 1.0750 in CAD... and onwards...

GENEVA JFO 16:33 GMT May 25, 2007 Reply   
zeus

can you explain Guaranty plse ??

USA Zeus 16:31 GMT May 25, 2007 Reply   
CA_SF 16:23 GMT May 25, 2007

Wfack, or Cris-
You are the only one that offers a safe 100% guarantee on every trade.

Makassar Alimin 16:27 GMT May 25, 2007 Reply   
GENEVA DS 16:24 GMT May 25, 2007

LOL, that is a good one

GENEVA DS 16:24 GMT May 25, 2007 Reply   
with monopoly money , nobody can loose..... i.e. look BOJ as well...

CA_SF 16:23 GMT May 25, 2007 Reply   
really? not ever lost money?
I dont believe you

LA BV 16:21 GMT May 25, 2007 Reply   
Zeus. That was a good straightforward response.

USA Zeus 16:18 GMT May 25, 2007 Reply   
LA BV 16:11 GMT May 25, 2007
Simple answer for simple question- no monthly losses

LA BV 16:11 GMT May 25, 2007 Reply   
Zeus. Simple question. Do you ever lose money?

Como Perrie 15:57 GMT May 25, 2007 Reply   
Happy memorial day. Off and done for the week.

USA Zeus 15:53 GMT May 25, 2007 Reply   
Buying yen crosses on dips continues like that slot machine with flashing lights and loud sirens shooting endless coins out after hitting a jackpot.

USA Zeus 15:50 GMT May 25, 2007 Reply   
Many think gold was breaking higher a week ago on the last chance to 1000+ and that everyone missed that train....now lower am looking to cover my shorts and reverse soon.

USA Zeus 15:44 GMT May 25, 2007 Reply   
Looking at a second position in USD/CAD below 1.0750.
At this point am at b/e on the first position after accounting for the creme sifting.

GENEVA DS 15:14 GMT May 25, 2007 Reply   
Monthly closes over CADJPY 110..---- gives 137.00, AUDJPY over 100.00 gives minimum 110.00, USDJPY over 122.50 gives 130.00 and EURJPY over 164.00 gives 188.00 .... lets see.... gl

GENEVA DS 15:13 GMT May 25, 2007 Reply   
http://www.mizuho-cb.co.uk/TresInternet/TECHNICALS/FX_-_Yen.htm

GENEVA DS 15:11 GMT May 25, 2007 Reply   
MIZUHO London will have to give up next week on his ever selling USDJPY comments.. have a good weekend...

Como Perrie 15:08 GMT May 25, 2007 Reply   
IRAN HAS LEAKED THE BEGINNING OF GASOLINE RATIONING AND A GASOLINE PRICE RISE OF 25% TO THE PRESS IN THE WEST.

NYC jr 15:08 GMT May 25, 2007 Reply   
PAR you are truly entertaining to read - thanks for your contributions

PAR 15:03 GMT May 25, 2007 Reply   
Yen weak on the back of permanent bad economic news out of Japan which will even get worse next week . Have a nice long weekend.

Monaco Oil man 15:02 GMT May 25, 2007 Reply   
Afternoon,


CAD this week has been the overall winner (as discussed at the start of the week and before)..

CADJPY approaches 113 , $CAD tests the waters sub 1.08..

Only 790 pips to go , acceleration continues from the 1.17 starting point...Still no signs of bullish buy signals..

gl gt

lkwd jj 14:38 GMT May 25, 2007 Reply   
cad short for cadaver!!!

Bodrum OEE 14:33 GMT May 25, 2007 Reply   
Lahore FM 14:30 GMT May 25, 2007

Thank you. I am well. Good weekend. Regards

Lahore FM 14:30 GMT May 25, 2007 Reply   
Bodrum OEE 14:05 GMT May 25, 2007
I am very well OEE.i have been around but had fallen out of active posting.all well in with you?gtgl.

melbourne DC 14:10 GMT May 25, 2007 Reply   
such a late reaction !?! totally spoiled the golden opportunity offered by the 'perfect' number :(

Bodrum OEE 14:05 GMT May 25, 2007 Reply   
Lahore 12:04 GMT May 25, 2007

Hello FM, good to hear from you. You were not here for a while, correct? I think when and if a correction starts it will be the third, and a major one after May 2006 and March 2007. I hope all is well. Best wishes

Bodrum OEE 14:04 GMT May 25, 2007 Reply   
ZURICH (Dow Jones)--Swiss interest rates, the lowest in Europe, may need to move up faster if the currency remains weak.

Swiss National Bank officials have of late doled out hawkish comments on inflation, and hinted that they are nervous about the Swiss franc's steady weakening path.

A surprise rate hike can't be ruled out. The central bank has signaled a 25-basis-point hike at its next quarterly policy review on June 14.

But, Commerzbank noted Friday, markets are pricing in an increase of twice that size. The three-month Swiss franc Libor rate, the SNB's key benchmark, has moved to a level of 2.46% in the past few days, up from a level of 2.42% on Monday.

Swiss short-term rates are currently 2.25%, a full 150 basis points below those set by the European Central Bank, which is expected to raise its policy rate to 4.0% next month from its current level of 3.75%.

Lahore FM 14:02 GMT May 25, 2007 Reply   
5.99 for april sales against expected 6.12 million.march revised.

USA Zeus 13:58 GMT May 25, 2007 Reply   
Ok- Marked GBP/USD 1.9840 as the point from where volatility is most likely to increase.

Global-View Research 13:50 GMT May 25, 2007 Reply   
This is from our research section:

Credit Market Analysis -Why global M&A will remain strong this year

Melbourne Qindex 13:35 GMT May 25, 2007 Reply   
USD/CAD : The current expected trading ranges are 1.0746 - 1.0767* - 1.0808 - 1.0850 - 1.0870

HK Kevin 13:18 GMT May 25, 2007 Reply   
hk ab, short at 163.15, it down to 162.19 and miss my target 162.00, then rebound and hit my stop profit order at 163.08 for 7 pips profit. My expected daily high is 163.60, so short again at 163.57.

Mtl JP 13:15 GMT May 25, 2007 Reply   
Thank you Qindex.

Melbourne Qindex 13:14 GMT May 25, 2007 Reply   
Mtl JP 13:08 GMT - Today is Friday and the profile of the weekly cycle probability chart indicates that it has a tendency to tackle either 1.0900 or 1.0723 and the mid-point reference is 1.0812.

GENEVA JFO 13:13 GMT May 25, 2007 Reply   
Eur/usd

Today, offers good resist near 1.3470/80 with opportun too sell and target 1.3385 first for 1.3320 next week.

hk ab 13:11 GMT May 25, 2007 Reply   
Kevin, stoploss @?

Mtl JP 13:08 GMT May 25, 2007 Reply   
fwiw, the latest low was yesty in TO: 1.0804

HK Kevin 13:08 GMT May 25, 2007 Reply   
hk ab 13:01 GMT, short EUR/JPY last night at 163.15, stop out at 163.08 for a few pips this afternoon. Really a bad trade. Just re-enter at 163.57.

Melbourne Qindex 13:04 GMT May 25, 2007 Reply   
Mtl JP 13:00 GMT - USD/CAD : It is because someone is defening it at 1.0804 and 1.0815.

hk ab 13:03 GMT May 25, 2007 Reply   
JP, I will long any new low on dlr/cad.

MTL sweep 13:02 GMT May 25, 2007 Reply   
Anyone short GBP/USD. I figure it'll hit 1.9780 today, if not I'm out.

hk ab 13:01 GMT May 25, 2007 Reply   
anyone short e/j?

Mtl JP 13:00 GMT May 25, 2007 Reply   
Qindex 12:48 / potential = hard work, like my dad used to say when looking at a forest: look at that potential.. all the furniture that could be made out those trees. What I saw was the probability of backbreaking work.

madrid mm 12:51 GMT May 25, 2007 Reply   
Mumbai Deepak 12:47 GMT May 25, 2007

thank you Sir. 8+-)

Melbourne Qindex 12:48 GMT May 25, 2007 Reply   
USD/CAD : Once the market is able to close below 1.0800 this week, it has portential to tackle the barrier at 1.0522 // 1.0599.

Mumbai Deepak 12:47 GMT May 25, 2007 Reply   
madrid mm 10:59// The INR is technically a "Partly Convertible Currency". Make what you can make out from that. INR is freely traded only by corporates and even the citizens cannot trade its currency freely. RBI banned it in a notification 15 days ago, after allowing it 30 days ago. :(

The RBI steps into the market to defend the currency against "Rapid Appreciation" from time to time. They are currently defending 40.50 for the last 4 weeks and a new downleg begins on a break below that. RBI last defended 44.00 in Dec-Feb-07, which when broken created a flood!

USDINR last at 40.5925.

Lahore …Thanks!

madrid mm 12:41 GMT May 25, 2007 Reply   
Existing Home Sales - Consensus 6.200 M

Lahore FM 12:29 GMT May 25, 2007 Reply   
usdcad long 1.0844 stopped at 1.0820.

Lahore FM 12:04 GMT May 25, 2007 Reply   
Lahore FM 07:58 GMT May 25, 2007
the stutter in unwind needs to be corrected by setting off gbpusd headlong dive-the gdp data might trigger that.
--
2nd ingredient,the gbpusd selloff is in now.

GVI john 12:04 GMT May 25, 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

Lahore FM 11:59 GMT May 25, 2007 Reply   
Mumbai Deepak 11:02 GMT May 25, 2007
considerable apprecaition can be expected for currency of a billion folks over time.

--
jpy unwind has fizzled for now but can there be a 2nd round or a finale?

GVI john 11:50 GMT May 25, 2007 Reply   
GVI Calendar of selected key economic data, central bank meetings, etc....

Melbourne Qindex 11:44 GMT May 25, 2007 Reply   
hk ab 11:42 GMT - USD/JPY : It is still range bound.

Melbourne Qindex 11:43 GMT May 25, 2007 Reply   
USD/CAD : The current expected trading range is 1.0804 - 1.0906.

hk ab 11:42 GMT May 25, 2007 Reply   
Dr. Q what's your bias on dlr/jpy now?

PAR 11:08 GMT May 25, 2007 Reply   
With US and UK on holiday on monday it is easier for the japanese and Kampo to manipulate the yen .

hk ab 11:03 GMT May 25, 2007 Reply   
once 122 close above, many will join the bandwagon.

Mumbai Deepak 11:02 GMT May 25, 2007 Reply   
GENEVA DS 10:47 / Since selling EUR-INR is a carry-trade, as you are buying a higher yield currency and selling a lower yield currency, the Forwards rate is always favourable keeping in mind the interest rate differential. This is why the May-08 Forward for the cross is at 57.03.

Lahore FM...any long term view on INR.

Lahore FM 11:01 GMT May 25, 2007 Reply   
more of the expect the unexpected still in store i guess mm.

madrid mm 10:59 GMT May 25, 2007 Reply   
The chart is "funny" on my platform for usd/inr ....Only big candles.

Is INR "free" tofloat or is the Indian Central Bank keeping in a specific range ?

madrid mm 10:55 GMT May 25, 2007 Reply   
GENEVA DS 10:45 GMT May 25, 2007

expect the UNexpected indeed... 8+-)...121.58 and up

PAR 10:54 GMT May 25, 2007 Reply   
120.75 and 120.50 yen options being protected by major japanese and us players . Stops building above 122.OO in USDJPY .

GENEVA DS 10:47 GMT May 25, 2007 Reply   
thanks for your input... always interested in FX trends... as we have to look away from only EURUSD... the whole world is playing that... so lets play something more interesting... BTW... what did you say is Forward EUR INR for one year ?

GENEVA DS 10:45 GMT May 25, 2007 Reply   
Obviously the financial an forex world is fully ready for the big sell off in USDJPY and xxx/JPY.... good luck... especially if it is written in all fx forums and on every bank forecast today...

Mumbai Deepak 10:45 GMT May 25, 2007 Reply   
GENEVA DS 10:33 // EUR-INR topped earlier in 2007 at 58.66 and has been falling since then! Current at 54.51. I sold spot at 57.10.

Currently May-08 Forward is at 57.03.

Now EUR-INR Long term Support is at 52.10, the 2005 Low.

BTW, why are you interested in the INR.

GENEVA DS 10:33 GMT May 25, 2007 Reply   
FOR ALL Fans of long term Ideas... SELL EUR ag INR for 1 year outright... Rate now 54.53 spot , expected target 45.00 in 1 year... anybody?

melbourne DC 10:29 GMT May 25, 2007 Reply   
anyone any thoughts/advice on how to deal/trade/watch with ukraine situation/news? thanks.

Melbourne Qindex 10:28 GMT May 25, 2007 Reply   
Melbourne Qindex 10:20 GMT May 25, 2007
AUD/USD (Weekly Cycle) : The market is under pressure when it is trading below [0.8201] which is the center of the weekly cycle projected series. The lower barrier of the weekly cycle is located at 0.8063 // 0.8091. The center of the daily cycle is positioning at [0.8176] and the lower barrier is expected at 0.8103 // 0.8118. Downside targeting points are 0.8118 and 0.8078.


Daily Cycle : ... 0.8059 - 0.8078* - 0.8088 - 0.8103 // 0.8118* - 0.8137 - 0.8147 - 0.8157* - [0.8176] - 0.8196* - 0.8206 - 0.8215 - 0.8235* // 0.8250 - 0.8264 - 0.8274* - 0.8294 ...



Melbourne Qindex 07:02 GMT May 25, 2007
USD/CHF (Weekly Cycle): As shown in the 3-day cycle reference the market strong when it is trading above 1.2205 which is the normal upper limit. Speculative buying will increase when the market is able to trade above [1.2326] which is the center of the weekly cycle projected series. The lower barrier of the daily cycle is positioning at 1.2235 // 1.2249. Upside targeting points are 1.2357* and 1.2393*.


Daily Cycle : ... 1.2195 - 1.2213* - 1.2222 - 1.2235 // 1.2249* - 1.2267 - 1.2276 - 1.2285* - [1.2303] - 1.2321* - 1.2330 - 1.2339 - 1.2357* // 1.2371 - 1.2384 - 1.2393* - 1.2411 ...



Melbourne Qindex 04:16 GMT May 25, 2007
EUR/USD (Weekly Cycle) : The market is under pressure when it is trading below [1.3498] which is the center of the weekly cycle projected series. The lower barrier is expected at 1.3297 // 1.3337*. The 3-day cycle reference indicates that the market is negative when it is trading below 1.3435 which is the normal lower limit of the 3-day cycle reference (see details at my webpage). The center of the daily cycle is positioning at [1.3428] and the lower barrier is located at 1.3371 // 1.3383. The lower limit is defined at 1.3337. Downside targeting points are 1.3337 and 1.3383.


Daily Cycle : ... 1.3337 - 1.3352* - 1.3360 - 1.3371 // - 1.3383* - 1.3394 - 1.3398 - 1.3405 - 1.3413* - 1.3416 - [1.3428] - 1.3439 - 1.3443* - 1.3450 - 1.3458 - 1.3462 - 1.3473* // 1.3484 - 1.3496 - 1.3503* - 1.3518 ...


Melbourne Qindex 01:28 GMT May 25, 2007
USD/JPY (Weekly Cycle): As shown in my weekly cycle charts the market has a tendency to trade between 120.51 - 121.83. The odds are in favor of maintaining a short position when the market is trading below 120.67. The center of the daily cycle is located at [121.58]. The market is now trading around the lower barrier located at 120.88 // 1201.02. Speculative selling pressure will increase when the market is trading the normal daily cycle lower limit defined at 120.46.


Daily Cycle : ... 120.46 - 120.64* - 120.74 - 120.88 // 121.02* - 121.16 - 121.20 - 121.30 - 121.39* - 121.44 - [121.58] - 121.72 - - 121.76* - 121.86 - 121.95 - 122.00 - 122.14* // 122.28 - 122.42 - 122.51* - 122.70 ...

Melbourne Qindex 02:10 GMT May 25, 2007
GBP/USD (Weekly Cycle) : The 3-day cycle reference indicates that the market is working on the barrier at 1.9828 // 1.9890. The market is still under pressure when it is trading below 1.9864 which is the normal lower limit of the daily cycle reference (see details in my webpage). The center of the daily cycle is positioning at [1.9838] and the lower barrier is expected at 1.9738 // 1.9758. Downside targeting points are 1.9704* and 1.9758*.


Daily Cycle : ... 1.9678 - 1.9704* - 1.9718 - 1.9738 // 1.9758* - 1.9778 - 1.9784 - 1.9798 - 1.9811* - 1.9818 - [1.9838] - 1.9858 - 1.9864* - 1.9878 - 1.9891 - 1.9898 - 1.9918* // 1.9938 - 1.9958 - 1.9971* - 1.9998 ...

Melbourne Qindex 02:26 GMT May 25, 2007
USD/CAD (Weekly Cycle): The 3-day cycle reference indicates that a barrier is located at 1.0901 // 1.0929 and the lower limit is defined at 1.0815. The center of my weekly cycle is positioning at [1.0856] and the odds are in favor of taking a short position when the market is trading below [1.0856] which is the center of the projected series. The lower barrier of the weekly cycle is expected at 1.0690 // 1.0723*. The downside targeting points are 1.0755 and 1.0795.


Daily Cycle : ... 1.0736 - 1.0755* - 1.0765 - 1.0780 // 1.0795* - 1.0810 - 1.0815 - 1.0824 - 1.0834* - 1.0839 - [1.0854] - 1.0869 - 1.0874* - 1.0884 - 1.0893 - 1.0898 - 1.0913* // 1.0928 - 1.0943 - 1.0953* - 1.0972 ...

Melbourne Qindex 01:03 GMT May 25, 2007
USD/CAD : Keep an eye on the oil market at the same time.


Crude Oil (CL) (July) : The market is under pressure when it is trading below 64.12 and it will challenge the critical level of the monthly cycle charts at 62.57 - 63.95. The next targeting range is the 3-day cycle reference lower barrier located at 61.48 // 62.24. The downside targeting points are 62.64 and 62.84. The upside targeting points are 65.39 and 65.95. A projected resistant level has been established at [65.29] - [65.48].


Daily Cycle : ... 61.57 - 61.99* - 62.21 - 62.52 // 62.84* - 63.16 - 63.27 - 63.48 - 63.69* - 63.80 - [64.12] - 64.44 - 64.54* - 64.76 - 64.97 - 65.07 - 65.39* // 65.71 - 66.03 - 66.24* - 66.67 ...

Melbourne Qindex 10:20 GMT May 25, 2007 Reply   
AUD/USD (Weekly Cycle) : The market is under pressure when it is trading below [0.8201] which is the center of the weekly cycle projected series. The lower barrier of the weekly cycle is located at 0.8063 // 0.8091. The center of the daily cycle is positioning at [0.8176] and the lower barrier is expected at 0.8103 // 0.8118. Downside targeting points are 0.8118 and 0.8078.


Daily Cycle : ... 0.8059 - 0.8078* - 0.8088 - 0.8103 // 0.8118* - 0.8137 - 0.8147 - 0.8157* - [0.8176] - 0.8196* - 0.8206 - 0.8215 - 0.8235* // 0.8250 - 0.8264 - 0.8274* - 0.8294 ...

Lahore FM 10:10 GMT May 25, 2007 Reply   
first target for present rise 1.0886 from where we can quickly get to 1.0920/40.

Gen dk 09:56 GMT May 25, 2007 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

hk ab 09:43 GMT May 25, 2007 Reply   
Gold Closet Martin 09:37 GMT May 25, 2007


are you ready to reactivate your comments again, Martin?
GT and GL to you.

Lahore FM 09:41 GMT May 25, 2007 Reply   
gbpusd,1.9852 MOB(make or break).

Bodrum OEE 09:38 GMT May 25, 2007 Reply   
Finally before I leave, on Alan Greenspan, his comments are probably made in optimum good faith and not caused by pure nationalistic or institutional drive. Good luck to you all.

Gold Closet Martin 09:37 GMT May 25, 2007 Reply   
maybe about time to go out the closet ?

Bodrum OEE 09:34 GMT May 25, 2007 Reply   
London 07:28 GMT May 25, 2007

Hello NYAM, thank you for your views. I think I understand what you mean and appreciate it. Good day to you

Bodrum OEE 09:27 GMT May 25, 2007 Reply   
People of Alan Greenspan caliber consider parallel benefits in wide and deep scale when speak, in my modest opinion. It is likely that they follow through a process. Meaning should one browse through his previous statements (I have not yet done it), I am almost certain there are warnings against the present bubble(s) to burst.

I

St Banannaland Bob 09:25 GMT May 25, 2007 Reply   
The Netherlands Purk 09:21 GMT May 25, 2007
Who is your NN Purky?

Atlanta South 09:24 GMT May 25, 2007 Reply   
I hope everyone has had a great trading week & will have an even greater weekend. The $/CAD pair has been kind to me again this week & has been from the 1510 zone. When will it
end? Who knows? Well I'm out for alittle fun on the water for
the weekend. Great trades to all.

The Netherlands Purk 09:21 GMT May 25, 2007 Reply   
Wellington, N.Z. 07:24 GMT May 25, 2007

NN said to me in his last message that i am not supposed to listen to anybody and do my own stuff, and d.. it, it works. The more i listen the more i wiggle, the more i dont the more steady i am. Sounds familiair?
But i do like NZ, great place great people!

hk ab 09:19 GMT May 25, 2007 Reply   
will add dlr/cad short if 1.0880 seen.

PAR 08:48 GMT May 25, 2007 Reply   
If lowering interest rates and raising taxes have lead to a permanent depression in Japan maybe what they need is a change of leadership .

pd cumino 08:48 GMT May 25, 2007 Reply   
Notwithstanding recent years trend, looking at the present quote of Jap private investments into foreign assets compared to domestic, some doubts on common judgements circulating could be not so eccentric.

AZUSA 4x-ed 08:39 GMT May 25, 2007 Reply   
PAR 08:17 GMT May 25, 2007 || My theory is that Greenspan was merely hired to bring back, in one fashion or another, the AG initials which Allianz recently lost.

Dublin Flip 08:32 GMT May 25, 2007 Reply   
Yes PAR the Japanese have to stop thinking like high school economic student and come up with a new plan. Lquidity doesn't have borders anymore in this more globalized economy. Capital flows drive growth and stimulate consumption yet Japan is the only country in the world who not only discourage foreign and trade derived recycled inward investment they actually encourage domestic capital to leave their shores.

hk ab 08:24 GMT May 25, 2007 Reply   
short dlr/cad 1.0845

Syd 08:21 GMT May 25, 2007 Reply   
PAR 08:17 GMT couldnt agree more

Lahore FM 08:19 GMT May 25, 2007 Reply   
PAR 08:17 GMT May 25, 2007
Par,that surely is the effect.can't agree more!

PAR 08:17 GMT May 25, 2007 Reply   
Greenspans new job as adviser to Pimco is to create panic in world financial markets so that investors buy Us treasuries which is good for Pimco . Lol.

Lahore FM 08:09 GMT May 25, 2007 Reply   
usdcad 1.0848 is ideally suited on techs for correction higher into mid 1.09.

PAR 08:08 GMT May 25, 2007 Reply   
Due to mismanagement of the Japanese economy by Omi and Fukui japanese is the only stock market in the world which is down for the year and Yen is only currency which keeps losing against the USD . Think japanese voters finally will vote Omi and co out of a job in july .

Syd 08:05 GMT May 25, 2007 Reply   
Emerging market currencies may well be showing the first signs of a shakeout.
For months, these high-yielders have steamed ahead, reflecting increasing market appetite for high risk and the continued high level of global liquidity.
However, over the last few days as U.S. Treasury yields have turned back up again, enthusiasm for these markets has begun to wane.
"The silent rebound in the 10-year Treasury yield could start to undermine the relentless appetite for emerging market assets," warned Elisabeth Gruie, emerging market foreign exchange strategist with BNP Paribas in London.
"The fact that U.S. Treasury yields are coming up could create a wave of liquidation," Gruie added. Gruie reckons that "a psychological threshold" could be reached once 10-year yields reach 5% that will "divert investment flows away from emerging markets and shake excessively stretched valuations."
Given current trends, there is a good chance that the 5% threshold could be reached. According to U.S. economists at Deutsche Bank, higher bond yields can be expected for the rest of 2007. This is likely given supply and demand factors in the mortgage market, strong economic performance and high interest rates internationally, central bank diversification as well as the strong performance of equity and commodity markets in general.
Early Friday, however, a slide in equity markets, including a 1.2% loss in the Nikkei, is contributing to the impression that risk aversion may yet rise.
Nicholas Hastings
DOW JONES

Lahore FM 07:58 GMT May 25, 2007 Reply   
the stutter in unwind needs to be corrected by setting off gbpusd headlong dive-the gdp data might trigger that.

London NYAM 07:57 GMT May 25, 2007 Reply   
mm//lol Greencheese.
Same old story nearing yesterdays highs again. All eyes on USDJPY. Failure to break above 121.85/89 and stalling at 122.30/50 means more rollercoasters. Break means up up and away. IMO
Have a great trading day veryone and a relaxing weekend.

hk ab 07:39 GMT May 25, 2007 Reply   
gbp bodes too well here. first dive first recove?

madrid mm 07:37 GMT May 25, 2007 Reply   
London NYAM 07:28 GMT May 25, 2007

noting wrong with mot of the cheese !!! 8+-)

Gen dk 07:29 GMT May 25, 2007 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

London NYAM 07:28 GMT May 25, 2007 Reply   
BODRUM OEE//Good morning fx-friend.
"It is possibly better for officials in Japan to support a correcting picture as delay may mean more damage ahead for all in relevance and vulnerable worldwide. In addition a reversed course could be to the interest of Japanese public after years of depressed conditions. A politician knows what that means when done appropriately time and content wise."
I agree but I fear it may be past the "kempo" to see this reasoning. They are stuck in the export your way out of censored mentality. If they could see the damage it will cause perhaps they would make attempts at revaluing their cyurrency by allowing th market to work. Restraining the market has always proved to be prolonging the innevitable and more damaging. We are all going to feel the shock waves.
Still today it looks like we are exactly at the same price levels as this time yesterday. ITs like we just woke up from an uncomfortable dream after eating too much cheese.
Regards

GENEVA DS 07:28 GMT May 25, 2007 Reply   
with Core Inflation in Japan still at 0 or below (of course we all know , this is not the true figure...), Japan rates probably need to be lowered soon... can help to make USDJPY rise quick to 127... gl

Wellington, N.Z. 07:24 GMT May 25, 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

Melbourne Qindex 07:02 GMT May 25, 2007 Reply   
USD/CHF (Weekly Cycle): As shown in the 3-day cycle reference the market strong when it is trading above 1.2205 which is the normal upper limit. Speculative buying will increase when the market is able to trade above [1.2326] which is the center of the weekly cycle projected series. The lower barrier of the daily cycle is positioning at 1.2235 // 1.2249. Upside targeting points are 1.2357* and 1.2393*.


Daily Cycle : ... 1.2195 - 1.2213* - 1.2222 - 1.2235 // 1.2249* - 1.2267 - 1.2276 - 1.2285* - [1.2303] - 1.2321* - 1.2330 - 1.2339 - 1.2357* // 1.2371 - 1.2384 - 1.2393* - 1.2411 ...

GENEVA DS 07:00 GMT May 25, 2007 Reply   
so there seems definitely to be NO CONSENSUS in Geneva....

GENEVA DS 06:59 GMT May 25, 2007 Reply   
I mean acceleration to the downside for JPY and CHF... sorry...

GENEVA DS 06:59 GMT May 25, 2007 Reply   
I mean acceleration to the downside for JPY and CHF... sorry...

GENEVA DS 06:58 GMT May 25, 2007 Reply   
Personally do think acceleration on JPY and CHF very possible, as market is still very much badly positionned... JPY gonna collapse if 122.25 gives against USD.... but eventually USD to turn very bullish soon... watch 1.2400 CHF and 1.3300 EUR .... 10 to 15 percent correction to the upside, led by USDJPY and USDCHF... good luck

Geneva yves 06:53 GMT May 25, 2007 Reply   
yen and sfr turning to bulish

Wellington, N.Z. 06:29 GMT May 25, 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

madrid mm 06:08 GMT May 25, 2007 Reply   
Highlights

Japan Nationwide wide core CPI for April -0.1% (after wrong print of -0.4%). Tokyo Area core CPI 0.0%.

WSJ: Pres George Bush urged China to allow CNY to rise against USD .But afterward, he refused to add his voice to the chorus in Congress calling for legislation to punish China for the perceived price advantage its companies get from the weak CNY.

Chinese Vice Premier Wu Yi says that large CNY appreciation will hurt China's economy, CNY trading band will continue to broaden. Value of CNY is not the cause of US trade deficit. US Senator Charles Schumer says China needs to significantly revalue its currency to avoid hurting US-China relationships.

Senate Finance Committee Chair Senator Max Baucus says he still plan to introduce China bill for China to revalue CNY, despite the very good US-China talks.

PBoC Governor Zhou Xiaochuan says China need to access situation before deciding on more monetary policy tightening.

BoJ Governor Fukui says interest rate gaps are having more impact recently due to lack of market volatility. Will monitor impact of FX, asset prices in implementing monetary policy.

MoF Koji Omi says MOF FX policy is based on understanding markets should set FX levels. Japan steady recovery under price stability is intact. There is no evidence that Japan's low interest rates are playing a large part in global hedge fund activity.

Fed Governor Frederic Mishkin says that if inflation gets out of hand, the Fed will take appropriate steps. If assets markets get out of line, this does have an impact on the economy.

Choppy season as JPY remains supported on fears of more JPY carry trades unwinding after the weakness in global stocks.

Though calm has returned in late afternoon session with Shanghai shares +0.44%, and Shanghai B shares rebounding very strongly, back up almost 5% or +15pts at 313, sharply higher from earlier -6% fall to lows of 278.082 - a recovery of more than 10% from the lows!

Interesting move post Japan CPI, as USD/JPY hit 121.50 taken from 121.34 after Reuters printed a much weaker than expected -0.4%y/y CPI, before market sold it down as actual number is only -0.1%, triggering USD/JPY selling to 121.16 lows.

EUR/JPY hit 163.10 on the error from 163, before dipping to 162.63 again on Cross/JPY sales.

Further waves of USD/JPY under selling pressure from a Japanese mega-city bank out of Tokyo, exporters, hedge funds hit stops blw 121 after fixing, to 1-wk lows 120.87, on some JPY carry trades unwinding.

Large US money center out of Sing, amongst others and funds sold huge EUR/JPY, hitting stops below 161.50 to lows of 161.23 - 2-week lows, with EUR/USD hitting 6-week low of 1.3413, its lowest level since April 11 lows of 1.3405, EUR/USD bids still 1.34 lows.

AUD/JPY back up again, after choppy session, rising earlier on large Japnaese brokerages buying - said to be related to Uridashi (though also talks of redemption).

Mkt eye any CNY reval, rumours again- after the US-China meet, after after last Friday's triple combo moves.

Nikkei -239.30 or 1.35% at 17,457, tho China stocks now in black. JGBs lower, 2-yr yield hit 10-yr high 0.910% after post CPI. Crude July oil back up +0.25 at $64.43, supported on Iran and Nigeria worries,

Asian FX range: USD/JPY 120.87/121.50, EUR/USD 1.3413/1.3432, GBP/USD 1.9833/1.9861, USD/CHF 1.2272/1.2288, AUD/USD 0.8175/0.8203, NZD/USD 0.7243/0.7269.

Haifa ac 05:50 GMT May 25, 2007 Reply   
"economic war" against Iran to intensify"

ABC

madrid mm 05:47 GMT May 25, 2007 Reply   
Buy Canada Dollar Options to Bet on Rally, IDEAglobal Says
May 25 (Bloomberg) -- Investors should use options to bet the Canadian dollar will extend its rally after reaching a 30- year high this week, according to research firm IDEAglobal. Click here

madrid mm 05:43 GMT May 25, 2007 Reply   
May 25 (Bloomberg) -- Nasdaq Stock Market Inc., trailing NYSE Euronext in the race to expand into Europe, may say as early as today that it's buying Sweden's OMX AB for more than $3 billion, two people familiar with the talks said.

If NASDAQ is successful in buying the Sweden's OMX AB, will they be celebrating with brännvin (schnapps) and cold Bud ? 8-)

madrid mm 05:37 GMT May 25, 2007 Reply   
gm fx Jedi,
“I never worry about action, but only about inaction” - Winston Churchill

madrid mm 05:32 GMT May 25, 2007 Reply   
Monday May 28 - US Holiday: Memorial Day - All Markets Closed

Lndn Frnd 05:28 GMT May 25, 2007 Reply   
monday 28th may, holiday in us, is it banks holiday also?

Bodrum OEE 04:34 GMT May 25, 2007 Reply   
London NYAM 15:14 GMT May 24, 2007

A variation on a theme "Follow the Money" from Watergate era

----------------------------------------------------

American dollar will have an up and down route along the way. In each USD up JPY could be positively impacted. However it is not solely up to USD to determine JPY fate.

China (and Japanese Yen) is the story now.

First, China is the world base to manufacture in cost efficiency (which could increase more in, God forbid, a stock market crash). Adding on the pressure on Yuan to revalue through capital inflows. In turn, Yen, because the process positively feeds into the Japanese economy through exports to China.

Second, imagine an interest rate hike in China and or revaluation, a development that could to a certain extent offset an adjustment in equities. Nevertheless another Japan friendly development because Japanese currency’s export competence will persist or increase.

Finally, it is a vast market. Thereby inflows to CNY will continue while adding pressure on the native currency and JPY to revalue.

The question, during this process of increased momentum (in Chinese and Japanese advance) will be how fast all that liquidity carried away from Japan returns home (or who exits first). It is not about when Bank of Japan hikes next?

Japanese politicians could try to keep this picture intact and maximize gains in economy and politics further. However they must take into account reality: China is no Bank of Japan. Neither is the rest of the world. None could be directed with weak yen.

It is possibly better for officials in Japan to support a correcting picture as delay may mean more damage ahead for all in relevance and vulnerable worldwide. In addition a reversed course could be to the interest of Japanese public after years of depressed conditions. A politician knows what that means when done appropriately time and content wise.

Regards

Melbourne Qindex 04:16 GMT May 25, 2007 Reply   
EUR/USD (Weekly Cycle) : The market is under pressure when it is trading below [1.3498] which is the center of the weekly cycle projected series. The lower barrier is expected at 1.3297 // 1.3337*. The 3-day cycle reference indicates that the market is negative when it is trading below 1.3435 which is the normal lower limit of the 3-day cycle reference (see details at my webpage). The center of the daily cycle is positioning at [1.3428] and the lower barrier is located at 1.3371 // 1.3383. The lower limit is defined at 1.3337. Downside targeting points are 1.3337 and 1.3383.


Daily Cycle : ... 1.3337 - 1.3352* - 1.3360 - 1.3371 // - 1.3383* - 1.3394 - 1.3398 - 1.3405 - 1.3413* - 1.3416 - [1.3428] - 1.3439 - 1.3443* - 1.3450 - 1.3458 - 1.3462 - 1.3473* // 1.3484 - 1.3496 - 1.3503* - 1.3518 ...

HK [email protected] 02:46 GMT May 25, 2007 Reply   
Beirut PHMG 01:45 GMT May 25, 2007
DEBKAfile Reports: US to airlift ammunition and advanced weapons to Lebanese army in response to Beirut’s plea for aid against Islamic radicals.
!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

When you read Debka files, place it in your backhead that it is a site of instigators and provokers, trying to goad Israel and the US into war at any time.

HK [email protected] 02:34 GMT May 25, 2007 Reply   
------------------------------------------------------------

HK [email protected] 09:50 GMT May 24, 2007
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.
------------------------------------------------------------1) The chances to see USD/YEN at 120.50 has improved, though must clear 121, but this means less profit if one wants make it sure.
2) And for the for a better deal for the US I think:

•Syd 01:58 GMT May 25, 2007
China Vice Premier: CNY Band Will Widen Again

And forget about a fast revaluation.

And with that slow pace of revaluation within few years

----------------------1CNY=1USD------------------------

Maybe that is what the americans do not like to see. LOL

Melbourne Qindex 02:26 GMT May 25, 2007 Reply   
USD/CAD (Weekly Cycle): The 3-day cycle reference indicates that a barrier is located at 1.0901 // 1.0929 and the lower limit is defined at 1.0815. The center of my weekly cycle is positioning at [1.0856] and the odds are in favor of taking a short position when the market is trading below [1.0856] which is the center of the projected series. The lower barrier of the weekly cycle is expected at 1.0690 // 1.0723*. The downside targeting points are 1.0755 and 1.0795.


Daily Cycle : ... 1.0736 - 1.0755* - 1.0765 - 1.0780 // 1.0795* - 1.0810 - 1.0815 - 1.0824 - 1.0834* - 1.0839 - [1.0854] - 1.0869 - 1.0874* - 1.0884 - 1.0893 - 1.0898 - 1.0913* // 1.0928 - 1.0943 - 1.0953* - 1.0972 ...

Syd 02:19 GMT May 25, 2007 Reply   
China Shares Edge Down; B Shares Extend Fall

China shares tad lower as B shares extend losses. Shanghai Composite down 0.5% at 4131.74, immediate support at 10-day moving average 4065.62; Shenzhen Index down 0.1% at 1213.88; trade heavy so far. Market now correcting previous gains, may resume uptrend soon with more investors pouring in, analysts say; but add B shares will likely stay under pressure as their valuations losing attractiveness after continued recent surge. Daily increase of B-share accounts totaled 14,900 Wednesday, about one-third as many as week earlier. Shanghai B-share index down 6.1% at 279.56, Shenzhen B-share index down 1.4% at 701.54

Syd 02:18 GMT May 25, 2007 Reply   
Macquarie economist Richard Jerram says Japan CPI likely to stay in negative territory for most of 2007, partly as energy prices start to make negative contribution in coming months; despite this, BOJ likely to raise rates again this year, as officials claim ready to do so even if prices falling - expects overnight call rate hike to 0.75% from 0.5% in October. Notes such a hike would ignore advice of both IMF, OECD, which counsels more gradual tightening, but "history suggests that the chance of the BOJ paying any attention to the IMF or OECD is very low".

Melbourne Qindex 02:10 GMT May 25, 2007 Reply   
GBP/USD (Weekly Cycle) : The 3-day cycle reference indicates that the market is working on the barrier at 1.9828 // 1.9890. The market is still under pressure when it is trading below 1.9864 which is the normal lower limit of the daily cycle reference (see details in my webpage). The center of the daily cycle is positioning at [1.9838] and the lower barrier is expected at 1.9738 // 1.9758. Downside targeting points are 1.9704* and 1.9758*.


Daily Cycle : ... 1.9678 - 1.9704* - 1.9718 - 1.9738 // 1.9758* - 1.9778 - 1.9784 - 1.9798 - 1.9811* - 1.9818 - [1.9838] - 1.9858 - 1.9864* - 1.9878 - 1.9891 - 1.9898 - 1.9918* // 1.9938 - 1.9958 - 1.9971* - 1.9998 ...

Syd 01:58 GMT May 25, 2007 Reply   
China Vice Premier: CNY Band Will Widen Again

Syd 01:56 GMT May 25, 2007 Reply   
Goldman Sachs suggests going short NZD/JPY, noting since early March, long carry FX strategies have had exceptionally good run, with its Yield Outperformance Index up about 7% in this period and 3-month YOI returns higher only 2 times since 2003; judging from past experience, "upside for carry trades is likely smaller from here." With hawkish talk from BOJ, weak NZ immigration and trade numbers, fundamental background also shifting toward correction; "secondly, the NZD continues to stand out as one of the most overvalued G10 currencies on our GS-DEER model, with an overvaluation on a TWI basis of 13%, while the JPY remains undervalued."

Beirut PHMG 01:45 GMT May 25, 2007 Reply   
DEBKAfile Reports: US to airlift ammunition and advanced weapons to Lebanese army in response to Beirut’s plea for aid against Islamic radicals.


http://www.debka.com/headline.php?hid=4232

Melbourne Qindex 01:28 GMT May 25, 2007 Reply   
USD/JPY (Weekly Cycle): As shown in my weekly cycle charts the market has a tendency to trade between 120.51 - 121.83. The odds are in favor of maintaining a short position when the market is trading below 120.67. The center of the daily cycle is located at [121.58]. The market is now trading around the lower barrier located at 120.88 // 1201.02. Speculative selling pressure will increase when the market is trading the normal daily cycle lower limit defined at 120.46.


Daily Cycle : ... 120.46 - 120.64* - 120.74 - 120.88 // 121.02* - 121.16 - 121.20 - 121.30 - 121.39* - 121.44 - [121.58] - 121.72 - - 121.76* - 121.86 - 121.95 - 122.00 - 122.14* // 122.28 - 122.42 - 122.51* - 122.70 ...

Syd 01:16 GMT May 25, 2007 Reply   
TOKYO, May 25 (Reuters) - Japan's net external assets rose to a record high in 2006, government data showed on Friday, keeping it the world's largest creditor nation for the 16th straight year.
LINK

Lahore FM 01:10 GMT May 25, 2007 Reply   
gold coast martin 00:50 gmt on gvi pro suggests 161.08 as one possible target for what he calls a selective unwind.it might be more widespread i feel though.cadjpy already down 70 almost.first serious downturn on time price scales.

hk ab 01:10 GMT May 25, 2007 Reply   
Kevin, your 8170 works magic, any new number on aud?

BAHRAIN Bahrain1 01:08 GMT May 25, 2007 Reply   
BAHRAIN Bahrain1 05:40 GMT May 24, 2007
Hi Frnds.....
Good day to you all.......
China stocks down, watch DAX....
Get ready to short GBPYEN. take care and GL.


Hi Frnds....Good morning to you all....
No need to remined you again. (sell rallies).
Good luck.

Syd 01:08 GMT May 25, 2007 Reply   
BOJ Fukui To Testify At Diet From 0145 GMT

Lahore FM 01:07 GMT May 25, 2007 Reply   
Lahore FM 00:28 GMT May 25, 2007
London NYAM 00:25 GMT May 25, 2007
it might not be long before we know its true colours.

--------
hmmm,true colours!

USA BAY 01:06 GMT May 25, 2007 Reply   
LAHORE FM,

The stoch's for usd/cad seems to be turning bullish, and the 1.0930 has not been retested which is a major support. So maybe a small long here and tp 1.0930 , which is a sell again. Pls comment. TIA

Lahore FM 01:04 GMT May 25, 2007 Reply   
Miami OMIL (/;-> 00:53 GMT May 25, 2007
guess i did not read well.thanks>gl.

Melbourne Qindex 01:03 GMT May 25, 2007 Reply   
USD/CAD : Keep an eye on the oil market at the same time.


Crude Oil (CL) (July) : The market is under pressure when it is trading below 64.12 and it will challenge the critical level of the monthly cycle charts at 62.57 - 63.95. The next targeting range is the 3-day cycle reference lower barrier located at 61.48 // 62.24. The downside targeting points are 62.64 and 62.84. The upside targeting points are 65.39 and 65.95. A projected resistant level has been established at [65.29] - [65.48].


Daily Cycle : ... 61.57 - 61.99* - 62.21 - 62.52 // 62.84* - 63.16 - 63.27 - 63.48 - 63.69* - 63.80 - [64.12] - 64.44 - 64.54* - 64.76 - 64.97 - 65.07 - 65.39* // 65.71 - 66.03 - 66.24* - 66.67 ...

USA BAY 00:58 GMT May 25, 2007 Reply   
LAHORE FM,

Thanks FM. Will try a small short here at 72 and will add more if seen. Thanks again. GT/GL

Syd 00:55 GMT May 25, 2007 Reply   
USD/JPY falls on non-Japan investors adjusting long positions using weak Nikkei as excuse, says senior customer dealer at major Japan bank.

Miami OMIL (/;-> 00:53 GMT May 25, 2007 Reply   
Hello FM hope you have been doing well. I am sorry that I can not communicate that well my ideas. I am actually talking about a possible bounce from the 3405-15 area but I really believe that the key resistance will hold for at least a test of the 3365-75 area for now IMHO. Peace and GT

Lahore FM 00:53 GMT May 25, 2007 Reply   
Bay,this is it for gbpchf,may not see 2.4390.

Lahore FM 00:43 GMT May 25, 2007 Reply   
3365-75 area for now. With indicators in the O/S area look for a possible bounce if the 3405-15 support is

you meant 3505/15,right sir?

nyc nick 00:38 GMT May 25, 2007 Reply   
thought the storm was for cad crosses to break thru the roof, maybe this is a different storm?

Miami OMIL (/;-> 00:38 GMT May 25, 2007 Reply   
Eur/usd pair mid/short term: This pair is well into the correction mode already. With key resistance around the 3490-3500 area and main resistance around the 3520-30 area for now the plan is to continue to sell any failed resistance point. Key support is now around the 3405-15 and 3365-75 area for now. With indicators in the O/S area look for a possible bounce if the 3405-15 support is not taken out soon. I am looking to see at least the 3365-75 area before any correction is over unless the key resistance is taken out IMHO. Peace and GT

london pw 00:35 GMT May 25, 2007 Reply   
NY RP 00:47 GMT May 23, 2007
london pw 00:43 GMT May 23, 2007
Maybe your chart is upside down? LOL Good luck.

Maybe I wasn't reading my chart upside down after all....lol

Syd 00:35 GMT May 25, 2007 Reply   
China CPI Could Rise Above 4% Soon - GS China CPI could grow above 4% very soon, says Goldman Sachs in research note; adds price rise likely to be underpinned by surge in pork prices spreading also to eggs, fish, other food products. Means PBOC faces added pressure to raise interest rates more decisively, pointing out current 3.06% on 1-year deposit since last Friday's rate hike still puts real deposit rate in negative territory, further CPI gains would add more fuel to asset inflation in domestic equity market, also dent PBOC's credibility. Raises forecast for China CPI this year to +3.6% vs previous estimate +2.6%; tips 2008 CPI +2.6%

London NYAM 00:31 GMT May 25, 2007 Reply   
FM// I for one have been waiting for long enough.
Best of trades to you guys either direction. Off for a long weekend (bad timing really just when things were getting interesting).

Syd 00:30 GMT May 25, 2007 Reply   
Japan Omi: Want BOJ To Support Econ Recovery With Policy
Individual Monetary Policy Steps Up To BOJ
BOJ Share View Econ Recovering Under Price Stability

USA BAY 00:29 GMT May 25, 2007 Reply   
JKT-AYE,

I think the storm is on its way. gt/gl

Lahore FM 00:28 GMT May 25, 2007 Reply   
London NYAM 00:25 GMT May 25, 2007
it might not be long before we know its true colours.

London NYAM 00:25 GMT May 25, 2007 Reply   
Bob//Indeed and anavalanch can begin with a trickle. But it does need momentum. The fact that USDJPY hasnt rallied with any news that could be interpreted as bullish is the biggest signal to me. But lets face it the day before yesterday everyone was really bullish/complacent (or at least mostly silent if they were not) on carry on carrying. Some times having a contrarian personality can make one contrarian about ones own positions.

Syd 00:19 GMT May 25, 2007 Reply   
Fed's Mishkin: Downplays Money Stock Measures' Importance
Anchoring Inflation Expectations Very Important
Fed Should Respond To Inflation Expectation Changes
If Inflation Flares Up, Fed Should Respond

St. Annaland Bob 00:18 GMT May 25, 2007 Reply   
cannot see unwind with JPY involved while $/¥ range stands on 30pips since previous day close when CPI data already came out ... but traps meant to be traps

London NYAM 00:14 GMT May 25, 2007 Reply   
If this is an "unwind" (i won't say 'the') then I think it needs to accelerate really soon. Too many overlapping waves for a real large scale reversal. Still time though. Does'nt eliminate a large correction but its still looking like small time to me.

nyc nick 00:06 GMT May 25, 2007 Reply   
jkt-aye, i think your timing is off, his prediction was for several days ago, may no longer be valid. GT

jkt-aye 00:01 GMT May 25, 2007 Reply   
re Qindex's storm prediction ... i feel it's gonna happen today, is anyone else smell it ? tia

 




Actionable trading levels delivered LIVE to YOUR charts

GVI Trading. Potential Price Risk Scale
AA: Major, A: High, B: Medium

Mon 27 May 2019
AAGB/US- Holiday
Tue 28 May 2019
A 14:00 US- Consumer Confidence
C 13:00 US- Case-Shiller
Wed 29 May 2019
A 08:55 DE- Employment
AA 18:00 US- BOC Decision
A 18:30 US- EIA Crude
Thu 30 Mar 2019
AAEZ/CH- Holiday
A 12:30 US- Weekly Jobless
Fri 31 Mar 2019
AA 10:00 EZ- Flash HICP
A 12:30 US- Personal Income, Spending, Deflator
AA 14:00 US- Final Univ of Michigan


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