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Forex Forum Archive for 07/16/2007

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Wellington, N.Z. 23:36 GMT July 16, 2007 Reply   
Max McKegg’s FX Forecasts for TUESDAY-JULY 17th:

Today’s Favored FX Trade:

Max McKegg’s FX Forecasts for TUESDAY-JULY 17th:



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Max McKegg/TRL

Wellington, N.Z. 23:36 GMT July 16, 2007 Reply   
Max McKegg’s FX Forecasts for TUESDAY-JULY 17th:

Today’s Favored FX Trade:

Max McKegg’s FX Forecasts for TUESDAY-JULY 17th:



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Max McKegg/TRL

Syd 22:57 GMT July 16, 2007 Reply   
Australian hedge fund manager Basis Capital has suspended all withdrawals from its flagship fund, after being hit by the U.S. subprime mortgage crisis, The Australian Financial Review reports Tuesday.

Revaluations of the manager's assets, which wiped up to 14% off the value of its funds last month, have left the hedge fund unable to calculate the value of its clients' individual investments, the newspaper says.

"The concerns surrounding U.S. sub-prime mortgages have caused further significant disruptions in global credit markets with adverse implications for the valuation of a wide range of structured investments," Basis Capital said in a client note yesterday, according to the report.

"This recent turn of events has made it impracticable to be able to fairly calculate the net asset value of the fund."

ldn 22:50 GMT July 16, 2007 Reply   
Syd 22:47 GMT July 16, 2007
Not in the "la Bamba "movie...lol..

Syd 22:47 GMT July 16, 2007 Reply   
ldn 22:40 GMT they were meat pies not fish

Gen dk 22:43 GMT July 16, 2007 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

ldn 22:40 GMT July 16, 2007 Reply   
Syd 22:20 GMT July 16, 2007
Nothing in China "smells like fish but tastes like chicken'" any more..lol..

Syd 22:20 GMT July 16, 2007 Reply   
Mtl JP 22:15 heard on the street , shop selling tasty meat in Shanghai the shop keepers wife was arrested for murdering her husbands mistress, apparently the mistress was what gave them the tasty chicken flavour

Syd 22:15 GMT July 16, 2007 Reply   
WORLD FOREX: UK Annual CPI Gain Seen Falling In June
Economists surveyed by Dow Jones Newswires expect CPI to increase 0.1% in June. They see the annual CPI increase falling to 2.3% from 2.5% in May.


melbourne DC 22:14 GMT July 16, 2007 Reply   
Mtl JP 22:11 GMT July 16, 2007
thx . will take a look later. for now need to grab some food n sleep . see u later tuesday.

Mtl JP 22:11 GMT July 16, 2007 Reply   
melbourne DC 21:55 / Securities Lending Activity (ie. The Bagholders)

Reminder: Senate increases limit on debt to $9 trillion, which was on March 16, 2006
more bagholders LOL

Syd 22:08 GMT July 16, 2007 Reply   
Mtl JP 21:52 GMT not if you have just had one served up for lunch !!

GVI john 21:56 GMT July 16, 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

NZD/USD

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Chart Points and Moving Averages

Charts: Updated Bourses..
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FTSE/DAX CHF-SMI CAD-TSE USD-DJIA -NASDAQ -S&P

GVI Calendar of selected key economic data, central bank meetings, etc....

melbourne DC 21:55 GMT July 16, 2007 Reply   
Mtl JP 21:42 GMT July 16, 2007
thanks for the info . us fiscal situation was talk earlier for fx n bonds mkt. have a ncie day.

Mtl JP 21:52 GMT July 16, 2007 Reply   
Zeus 21:45 / No. Someone will have to pay for the "surge". Means more usd likely to be printed. besides, probably more relevant to FX than "Chinese trucking live rats to southern restaurants"
lol

USA Zeus 21:41 GMT July 16, 2007 Reply   
ÇeÇme NYAM 21:19 GMT July 16, 2007

Thank you. It will grow and grow- but like I said it is a Very LT cyclical shift that as I have also said has not started yet but likely some time this year. As for the recent- not hard to see what the near term target was or shall I repeat it one more time as it stopped EUR/USD cold in its tracks?


Btw- what is ÇeÇme? Is that street where Kermit the frog lives?

milan chuck 21:41 GMT July 16, 2007 Reply   
ops usd can is getting interesting ... for time beeing we see the low.. karma .... hare...

Syd 21:38 GMT July 16, 2007 Reply   
NZD Remains Solid, But Can't Get Too Bullish -BNZ
Despite another night of record gains by NZD/USD, it's difficult to get "overly bullish" towards pair given current level of NZ-U.S. interest rate spreads, says Bank of NZ FX strategist Danica Hampton; thinks for current level of NZD/USD to be sustainable, NZ-U.S. 3-year swap spreads should widen further to at least +310 bps vs +290 bps now. Tips pair to consolidate offshore gains, which saw pair tap fresh 25-year peak of 0.7933; would take move below 0.7890 to open up move on downside today.

Syd 21:23 GMT July 16, 2007 Reply   
Chinese trucking live rats to southern restaurants
http://www.smh.com.au/news/news/fancy-a-rat-banquet/2007/07/16/1184559682434.html

Yummy

ÇeÇme NYAM 21:19 GMT July 16, 2007 Reply   
The Netherlands Purk 19:07 GMT July 16, 2007 more importnat ıs the zeus mantra 'the usd camp wıll grow and grow' ıt wıll, and ıts ıntermediate tıme ıs nıgh' why do ı bother Bodrum? Thats the questıon. All USD are buys.

Shenzhen Laowen 21:17 GMT July 16, 2007 Reply   
hk ab 18:21 GMT July 16, 2007 //

Mate I am with you this round. RBNZ was said to play the game a little bit diffferently. LOL. Curious Aussie moved up slowly than Kiwi and made AUDNZD lower. GL and GT.

USA Zeus 21:10 GMT July 16, 2007 Reply   
Well we will see the magnetometer super power of EUR/USD 1.3777 strange attractor fractal quadratic change and become a more pivotal point of reference instead of a super magnet. The bugger range patterns will be defined by the Kaag man later then NN will push the buttons.

USA Zeus 21:07 GMT July 16, 2007 Reply   
Wellington, N.Z. 20:56 GMT July 16, 2007

Max-
What was your favored trade with EUR/USD yesterday? TIA

Como Perrie 21:00 GMT July 16, 2007 Reply   

This was funny. Did you know that Peru is paying just a small 4.75 pct from compared to the risk offers. Funny global games for dummies :))

nite

Surprise Rate Hike Explained In One Word: Pre-emption

Peru

In a major surprise, the Banco Central de Reserva del Peru (BCRP) raised its benchmark policy rate by 25bps to 4.75% yesterday, after spending 13 months on hold.

Wellington, N.Z. 20:56 GMT July 16, 2007 Reply   
Max McKegg’s FX Forecasts for TUESDAY-JULY 17th:


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Max McKegg/TRL

Como Perrie 20:54 GMT July 16, 2007 Reply   

Chart of the Day II: Mexico Remittances Down

Economy

In a negative development for the Mexican external sector, remittances fell on a year-on-year basis in May - the first decline since December 1999. In a way, this is unsurprising,...

http://www.emergingmarketsmonitor.com/file/14899/mexico-homepage.html

Como Perrie 20:53 GMT July 16, 2007 Reply   

Ecuador economy threat as dedollarization looms
Analysts warn policy direction is incompatible with dollarized economy as ex-minister reveals plans for new currency

Ecuador’s president Rafael Correa has taken a step closer towards scrapping the country’s long-standing dollar policy, following a series of recent government moves which could derail the Andean economy, analysts have warned.

http://www.emergingmarkets.org/

Como Perrie 20:06 GMT July 16, 2007 Reply   
Emerging Markets

JULY MARKS THE 10TH ANNIVERSARY of the start of Asia's financial crisis, when currencies and stock markets plunged and investors fled.

Few countries were harder hit than Indonesia, which has Southeast Asia's largest economy. Protestors flooded the streets, ultimately forcing out the dictator Suharto and paving the way for free elections and a more open economy with increased privatization and deregulation. Today, Indonesia looks like a 1990s-era Asian tiger: The Jakarta Composite Index is up 33% this year, and 55% over 12 months -- and has surged nearly tenfold from its mid-1998 Asian-crisis low point.,,,,,,,,,,,,,,,,,,,,,

Bon Air VA Dennis 19:51 GMT July 16, 2007 Reply   
In addition there was a holiday for Japan.

The Netherlands Purk 19:12 GMT July 16, 2007 Reply   
In the meantime loonie is floating and everybody stays out. Gain of the last weeks was to stay out or short from 106.
Nothng to say really, tomorrow will be finished what started this morning...

The Netherlands Purk 19:07 GMT July 16, 2007 Reply   
Well i do not know the censored how this HAT man does it, but that 137777 is the should be the conversation of the day. You dont have to die to be famous i guess...
But (t) (sorry Mrs. Z) all good things comes to and end. Soon the HAT willcome back with some words and the magnetometer will be charged again. Some of you dont seem to know it is Monday, the days of dead markets....

hk ab 18:51 GMT July 16, 2007 Reply   
mkt is exceptionally quiet today.

hk ab 18:21 GMT July 16, 2007 Reply   
Laowen, let's see if RBNZ will give us a hand. LOL....
aud/jpy breaks day low soon.

Think the stock mkt is spelling something special and watch that silent gold movement.

Como Perrie 18:09 GMT July 16, 2007 Reply   
I prefer to be a dreamer among the humblest, with visions to be realized, than lord among those without dreams and desires.
Kahlil Gibran

Como Perrie 17:19 GMT July 16, 2007 Reply   

USA Zeus 17:15 GMT July 16, 2007

:;)..

can't remember the smooth swimming...now am upon the black magic woman...tough battling :)

USA Zeus 17:19 GMT July 16, 2007 Reply   
Use it to buy hydrocarbon credits and let them expire unused.

USA Zeus 17:15 GMT July 16, 2007 Reply   
Como Perrie 16:59 GMT July 16, 2007

Works like a smooth swimming frog?- you decide.
LOL

Como Perrie 16:59 GMT July 16, 2007 Reply   
USA Zeus 16:37 GMT July 16, 2007

Mambo Jambo, do You Vo Doo.

USA Zeus 16:37 GMT July 16, 2007 Reply   
Loaded that EUR/USD 15 min chart with the horizontal line at the magical 1.3777?

LOL

hk ab 16:32 GMT July 16, 2007 Reply   
laowen//I prefer to focus on kiwi this round. and probably dlr/jpy

Shenzhen Laowen 16:23 GMT July 16, 2007 Reply   
ab, got Long AudNzd at around figure?

hk ab 16:19 GMT July 16, 2007 Reply   
almost overlook the effect of aud/nzd at the big fig....

GVI john 15:45 GMT July 16, 2007 Reply   
Latest political posts have been moved to the Political Forum

Mtl JP 15:29 GMT July 16, 2007 Reply   
some post a link to gold in terms of Euro plz. tia

Mtl JP 15:27 GMT July 16, 2007 Reply   
Paris 15:23 / why not just try to make pips off what/who-ever is the president instead ?

Shenzhen Laowen 15:12 GMT July 16, 2007 Reply   
hk ab 14:55 GMT July 16, 2007 //

Agreed mate. Seems aussie short also works fine at this moment. They are falling in a zigzag way. LOL.

Makassar Alimin 15:12 GMT July 16, 2007 Reply   
closed my euro long established this morning, it is not going anywhere....

i think it is better to bet for some usd rebound with stops, good r/r even in terms of usd index

USA Zeus 15:02 GMT July 16, 2007 Reply   
We hear the many anti USA chirps like baby chicks who need feed but that is like praying to Shannon Tweed.

EU theEUROqueen 14:59 GMT July 16, 2007 Reply   
Happy day!

Makassar Alimin (I never advice any one to buy or to sell)I give the direction and its up to u..i ..if ur long maybe u will be lucky with a 50-100pips..

Bob ..

How u doing ? well maybe Im wrong but it sounds i will stay (theEUROqueen)..

Happy trades

Makassar Alimin 14:58 GMT July 16, 2007 Reply   
consolidation mode for jpy pairs, likely to be resolved with continuation of jpy weakness

hk ab 14:55 GMT July 16, 2007 Reply   
laowen first brief station .7900, next 7867. Then if that breaks and stay under we can talk things further.

Zeus//which pair do you refer to "past doesn't mean future?" TIA.

USA Zeus 14:45 GMT July 16, 2007 Reply   
But, the past will NOT be like the future- Watchout!

USA Zeus 14:44 GMT July 16, 2007 Reply   
Well they missed it- saying oil was supposed to retrace from high $60's- now after they missed the rally they have their "reasons" to see it to $80. Meanwhile, some have been in a buy on pullback mode- ahhh

LOL

USA Zeus 14:40 GMT July 16, 2007 Reply   
oil at $74/bbl

hk ab 14:30 GMT July 16, 2007 Reply   
high oil is also a reason to set this dlr/jpy on fire.

hk ab 14:27 GMT July 16, 2007 Reply   
oil could kick dlr/cad easily to 1.03xx region.
strangely gold is not following.

Mtl JP 14:22 GMT July 16, 2007 Reply   
Como Perrie 13:39 / buying USD-based paper asset is like buying snowballs in h3ll

slv sam 14:18 GMT July 16, 2007 Reply   
slv sam 13:05 GMT July 6, 2007
usdcad looks going to test 1.03xx if today close <1.0560 which is most likely.GT

Almost there!GT

melbourne DC 14:18 GMT July 16, 2007 Reply   
any view on the following scenerio for this/next week ...
1. yen rally
2. primarily impacting europeans n antipodean with usd staying on sideline .

USA Zeus 14:17 GMT July 16, 2007 Reply   
Looks to be a typical summer crescendo pattern. Starting out slow as the market wiggles its way into bigger vibrations until ultimately some nice breaks are traded.

hk ab 14:14 GMT July 16, 2007 Reply   
zeus, couldn't understand much.

dlr/cad just broke steel floor.

USA Zeus 14:11 GMT July 16, 2007 Reply   
Right- Big footprints will be hitting the markets soon. Not going to be the typical summer blue (marlin)'s as previously posted.

hk ab 14:06 GMT July 16, 2007 Reply   
took the few pips for eur for lunch. keep chf

madrid mm 14:06 GMT July 16, 2007 Reply   
Stocks in U.S. Poised for 10 Percent Drop, Options Bets Show
Click bloomberg

Shenzhen Laowen 13:58 GMT July 16, 2007 Reply   
hk ab 13:55 GMT July 16, 2007 //

Haha. Fully understand mate. GL and GT!

GENEVA DS 13:57 GMT July 16, 2007 Reply   
hi everybody... back from 3 weeks holidays in paradise... (Hawaii...)... Just once for all.. Congratulations once again to MONACO Oil man... he got it right again... SUPER! Think this break of 2.0200 in cable and 1.3700 in EURO and 1.2100 in USDCHF is very important.... ? have still some AUDUSD long and believe in par... may be USDCAD could be bought against long AUDUSD...? any thoughts?

hk ab 13:55 GMT July 16, 2007 Reply   
laowen I prefer to exit the short if this baby can't lower down to a level anticipated. too dangerous to post stops here.

Shenzhen Laowen 13:51 GMT July 16, 2007 Reply   
hk ab 12:03 GMT July 16, 2007
laowen, my luckiest view on this target is 7777 within this week. //

Really that is a very good number. Hope we can get there by this week. Any stop on Kiwi?


hk ab 13:51 GMT July 16, 2007 Reply   
e/j safely guarded the floor now let's see if aud/jpy and other cousins follow.

USA Zeus 13:42 GMT July 16, 2007 Reply   
Como Perrie 13:39 GMT July 16, 2007

You sound like that stockbroker in training at his cubicle frantically scrambling to make his quota of cold calls for a product pitch.
LOL

Como Perrie 13:41 GMT July 16, 2007 Reply   
fwiw today ozone and microparticels pollution reached very high and danger levels at 180 μg/m3 above 950 sea. l. Wednesday temperature forecasted is 37 C.

Como Perrie 13:39 GMT July 16, 2007 Reply   
USA Zeus 13:35 GMT July 16, 2007

Forget equities, buy TIPS instead.

USA Zeus 13:39 GMT July 16, 2007 Reply   
Why is everyone talking about a so called "carry trade" ending, returning, coming or going- when they can simply just trade??

Guess it (falsely) makes a man/woman(housewife?) feel good about their position if there is an exciting and unknowable storyline to justify their actions.

USA Zeus 13:35 GMT July 16, 2007 Reply   
Yes the US equities are trading at record levels for SP 500 and DOW. But, many here (who have called for lower markets for more than a year- LOL) will contort the performance to mean smth other than what it is.
LOL

hk ab 13:31 GMT July 16, 2007 Reply   
signs showing yen and yen crosses 2nd down move in progress.

Syd 13:18 GMT July 16, 2007 Reply   
Merkel, Sarkozy Agree That Independent ECB Is Needed

Como Perrie 13:16 GMT July 16, 2007 Reply   
USA Zeus 13:05 GMT July 16, 2007
Am constantly watching Miami C.S.I. but they did not tell

USA Zeus 13:13 GMT July 16, 2007 Reply   
Well many tried to fade EUR/USD and GBP/USD last week. That didn't work. Now I see they are cheering for further upside. Hmmm......

hk ab 13:10 GMT July 16, 2007 Reply   
Zeus, would you mind comment the gold "gap" seen in future F? TIA.

USA Zeus 13:09 GMT July 16, 2007 Reply   
Anyone draw a horizontal line at 1.3777 on their EUR/USD chart yet?
LOL

USA Zeus 13:05 GMT July 16, 2007 Reply   
Lots of anti USA propaganda here again. Looks like the market really gives a [email protected]^!!

HK Kevin 13:02 GMT July 16, 2007 Reply   
Hong Kong Ahe 12:42 GMT, how much it cost for those rats wine? I still have one jar in my kitchen.

Como Perrie 12:46 GMT July 16, 2007 Reply   
Hong Kong Ahe 12:42 GMT July 16, 2007

huh......tks

if anytime I'll visit those places, I'll check out the regions with some more mild cuisine at first.....:)

madrid mm 12:46 GMT July 16, 2007 Reply   
fwiw
Click here

hk ab 12:43 GMT July 16, 2007 Reply   
buy small euro here 1.3783

Hong Kong Qindex 12:43 GMT July 16, 2007 Reply   
hk ab 10:39 GMT July - AUD/JPY : 106.62 is a projected chart point in my system.

Como Perrie 12:43 GMT July 16, 2007 Reply   
chip chop time...love the 777 complexities...

btw nothing particular to say about the short term market..also my english today goes pretty bad, but It's summer time brain half motion approach..

have a nice summer and vacation

I'll be part time watching only bibi

Hong Kong Ahe 12:42 GMT July 16, 2007 Reply   
Como Perrie 12:37 GMT - I saw alot of big wine jars with rats inside in the wine shop when I was young. I never tried it. My mother, a Cantonese, said she was eaten big spider porridge when she was young and was sweet in taste. Yikes.

hk ab 12:41 GMT July 16, 2007 Reply   
thanks oilman!

Monaco Oil Man 12:38 GMT July 16, 2007 Reply   
PMI 26.5, ab..

GVI Jay 12:35 GMT July 16, 2007
26.5, highest since June 2006, prices paid were lower

Como Perrie 12:37 GMT July 16, 2007 Reply   
Hong Kong Ahe 12:33 GMT July 16, 2007

Have you ever tried those stuff. The rat-wine I guess

hk ab 12:35 GMT July 16, 2007 Reply   
any data?

Hong Kong Ahe 12:33 GMT July 16, 2007 Reply   
Como Perrie 12:23 GMT - Those are field rats. People in the flooded region do not eat field rats but Cantonese enjoys it very much as delicious wild animals and use them in making special wine. Different culture.

Como Perrie 12:23 GMT July 16, 2007 Reply   
hk ab 12:04 GMT July 16, 2007

just reading about the heavy flooding in the Guangzhou Canton reagion. And as per the famous saying of there if It has four legs and It's not a table, than It's commestible - the rats dishes are picking up the top of the retail sales stats.

In Guangzhous a Rat dishes sales for 136 yuans or some 13 euros. While in the flooded regins a kilogram of rats costs about 6 yuans. Well who are the real traders I guess.

hk ab 12:21 GMT July 16, 2007 Reply   
Monaco Oil Man 12:10 GMT July 16, 2007

THanks!

Monaco Oil Man 12:10 GMT July 16, 2007 Reply   
hk ab 11:49 GMT July 16, 2007

I think $/CAD fall will slow down (but not much of a rise either ...let's say 1.0350---1.06) for 1 month, while the crosses run back to high's...(GBP/CAD , EUR/CAD etc).

hk ab 12:07 GMT July 16, 2007 Reply   
JP//But this mess is solely US official's wrong decision/policy why China should be the one take up the burden? The Bush-admin not even stopped its wrong direciton few years ago..
(On Iraq/ultra-low rate, front).

hk ab 12:04 GMT July 16, 2007 Reply   
Como Perrie 11:55 GMT July 16, 2007

It will not till 2008 olympic game finishes.

hk ab 12:03 GMT July 16, 2007 Reply   
laowen, my luckiest view on this target is 7777 within this week.

Mtl JP 11:59 GMT July 16, 2007 Reply   
hk ab 11:24 / not if you concider that "Homeownership represents a pathway to pride and prosperity for many families, encourages values of responsibility and sacrifice, creates stability for neighborhoods and communities, and generates economic growth that helps strengthen the entire Nation" (Bush - June 13, 2003) and that "The two nations face similar challenges in providing affordable housing to average citizens" according to Jackson.

Stay tuned for Bernanke's semi-annual testimony - he might touch on inflation and housing - before the House Financial Services Committee on July 18.

Como Perrie 11:57 GMT July 16, 2007 Reply   
Syd 11:53 GMT July 16, 2007

At times looks bit a paranoid society where we do live tks to Bushie & Co.

Makassar Alimin 11:57 GMT July 16, 2007 Reply   
stopped out on short aud from friday for -45

Como Perrie 11:55 GMT July 16, 2007 Reply   
Also reported today China's economy ready for a sharp slow down later on in the year.

Syd 11:53 GMT July 16, 2007 Reply   
MIAMI (AP)--A Miami International Airport terminal was evacuated briefly early Monday when authorities checked on a possible explosive device that turned out to be harmless.

hk ab 11:49 GMT July 16, 2007 Reply   
oilman, did you notice the dlr/cad 1.0440 again? It works like a steel floor.

hk ab 11:47 GMT July 16, 2007 Reply   
may try small short at 122.xx if seen.

Como Perrie 11:47 GMT July 16, 2007 Reply   
More or less a day of carry trades defense with the Ocean day turned a bit into a tsunami one. Selling an island collapsing? ì=:)

hk ab 11:45 GMT July 16, 2007 Reply   
laowen, aud or nzd weakness could only be confirmed when we see some 100 daily pips down without any good "explanation".

Syd 11:41 GMT July 16, 2007 Reply   
Dennis cheers for that

Bon Air VA Dennis 11:37 GMT July 16, 2007 Reply   
Evans-Pritchard.

hk ab 11:37 GMT July 16, 2007 Reply   
oilman, I am planing to short dlr/chf more if a larger retracemnent seen at 1.2090-1.2140

Bon Air VA Dennis 11:37 GMT July 16, 2007 Reply   
Syd 11:26 GMT

see also Eans-Pritchard (UK-Telegraph) on subject.

hk ab 11:36 GMT July 16, 2007 Reply   
almost didn't aware that 7907 was the historical high of kiwi after floating.

hk ab 11:30 GMT July 16, 2007 Reply   
My last consideration is hoping to see Ahe's comment on this 7900 break. does it spell a spike or some more steam left towards 8200.

hk ab 11:29 GMT July 16, 2007 Reply   
laowen, did you note that adu/jpy can't sustain 106.50 convincingly? and cad/jpy actually can't sustain 117 anymore?

Syd 11:26 GMT July 16, 2007 Reply   
Sustained strength in the euro exchange rate threatens to bring the crisis in the affairs of the euro zone to a head, says Stephen Lewis, economist at Insinger de Beaufort. And French President Sarkozy is also on a collision course with his euro-zone partners on budgetary policy, he adds. "Italian policymakers will be hard-pressed to defend their policies if trade unionists are able to point to France's flouting of the budget rules as evidence that the Pact is not binding. New EU members could also be discouraged from pursuing fiscal restraint," says Lewis. "France's reaction to the strong euro threatens to undermine the euro zone's stability

hk ab 11:24 GMT July 16, 2007 Reply   
JP//only 1 word, ridiculous......

I think it's the true reason why XAU surges so much lately.

Mtl JP 11:20 GMT July 16, 2007 Reply   
The Bagholder: Definition


“Alphonso Jackson, U.S. Secretary of Housing and Urban Development, said the mortgage default crisis in the U.S. may involve 20% of subprime loans… ‘Remember that the subprime loans made in ‘04, ‘05, ‘06, were probably, most of them were stable and good – 80% of them. But we’re going to have a problem: 20% of the loans are pretty bad. We believe the Federal Housing Administration, under HUD, can save a number of those buyers who went to the subprime market and did not go to the prime market.’” - July 11, Bloomberg


U.S. Urges China to Buy Mortgage Securities Amid Subprime Woes

July 13 (Bloomberg) -- The U.S. is urging China's central bank to buy more mortgage-backed securities after a surge in defaults by risky borrowers in the world's largest economy eroded demand for such instruments. ... The U.S. housing regulator is seeking to tap China's $1.33 trillion of foreign-currency reserves ... Jackson is in Beijing to persuade the Chinese central bank to buy more mortgage securities from Ginnie Mae, a mortgage association under the Housing Department. Its securities are guaranteed by the U.S. Government National Mortgage Association. ...

hk ab 11:15 GMT July 16, 2007 Reply   
Zeus, sounds you still give some hope to this magnetic attractor 1.37777.....

hk ab 11:13 GMT July 16, 2007 Reply   
Does anyone have the latest COT analysis? TIA

melbourne DC 11:12 GMT July 16, 2007 Reply   
a juicy piece of news now would work wonders on european/usd :))

melbourne DC 11:09 GMT July 16, 2007 Reply   
hk ab 11:05 GMT July 16, 2007
the elephant just shuffled .

melbourne DC 11:08 GMT July 16, 2007 Reply   
Sydney ACC 10:54 GMT July 16, 2007
as far as i can tell .. the miscalcalation did result in higher cost, but they r also happy with the strategy to get to 90%. bottom line is they could not sweeten the deal any further without running foul of the regulators again. so at the last run on this saga, u practically have this mechanism to grind out those holding out.
the aud impact not sure ... since the insto holding out may need to convert back to usd ... but thx for your opinion re the 20mil/day.

hk ab 11:05 GMT July 16, 2007 Reply   
something very big sitting above 106.50 aud/jpy, imvho.....elephant?

hk ab 11:02 GMT July 16, 2007 Reply   
short dlr/chf, clarified.

hk ab 11:01 GMT July 16, 2007 Reply   
short chf 1.2002

Çeçme NYAM 10:56 GMT July 16, 2007 Reply   
Bodrum OEE 15:40 GMT July 15, 2007//
Enjoyıng the country thanx. Hard to resıst an ınternet cafe wıth 26 year hıghs goıng on. Im watchıng for the fınal pattern to make ıtself complete on cable. Its lookıng juıcy. Also USDJPY ıs a a buy agaın soon once ıt settles down and buılds a base ıt wıll probably look lıke GBP dıd two weeks ago. Whats wıth thıs keyboard? GLGT back to the sun.

Sydney ACC 10:54 GMT July 16, 2007 Reply   
melbourne DC 10:43 GMT July 16, 2007
Given that this arb was so well known I can't help but think Cemex's advisers underestimated the demand for this payment option. While at the beginning of the offer they may have taken out a forward contract and options I cannot see, in hindsight, whatever they wrote being sufficient. This therefore has been creating good demand for Aussie, probably minimum of AUD 20 million per day.

GVI john 10:52 GMT July 16, 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

NZD/USD

Access accurate and free GVI



Updated twice daily. Access GVI free

Chart Points and Moving Averages

Charts: Updated Bourses..
JPY-Nikkei AUD-ASX/S&P-200 Shanghai Comp/Hang Seng
FTSE/DAX CHF-SMI CAD-TSE USD-DJIA -NASDAQ -S&P

GVI Calendar of selected key economic data, central bank meetings, etc....

hk ab 10:49 GMT July 16, 2007 Reply   
finally, hit at 7920.

Mumbai Deepak 10:49 GMT July 16, 2007 Reply   
Censored = Japan

hk ab 10:48 GMT July 16, 2007 Reply   
laowen, it's like a mice and cat move. Mkt wants to see where RBNZ is hiding.

Mumbai Deepak 10:47 GMT July 16, 2007 Reply   
Filp...Good Explanation Thanks...

Where do we get the figure of foreign participation in Nikkei or censored stock Market?

melbourne DC 10:43 GMT July 16, 2007 Reply   
Sydney ACC 10:28 GMT July 16, 2007

that rinker thing is one that made many ozzies scratching their head n grinning this jun/jul :)))
Not quite an equities thing, pure arbitrage (once u certain there is no execution risk, as with all arb opp) .
Your guy done solid indeed. the curious thing is that those who caught idea early actually made the least money as the rinker price dip caused by audusd incredible strength came later.
p/s this rinker was double blessings for me : my first foray into equities which i wanted to do for sometime, and found many long lost cousins for each 2000 shares :)))

all the best to you , and trust u coping well with the weather ... heard the extra water is causing all kinds of creepy crawlies to migrate to the main residence. David

hk ab 10:39 GMT July 16, 2007 Reply   
Dr. Q, I thought the barrier was at 106.50 though. THanks the work though.

hk ab 10:35 GMT July 16, 2007 Reply   
and clearly someone are very interesting to see what's behind 7920....(RBNZ?) LOL

Hong Kong Qindex 10:34 GMT July 16, 2007 Reply   
AUD/JPY :  As shown in the monthly cycle projected series the market momentum is strong when it is able to trade above the barrier at 105.72 // 106.13. Projected resistant points are located at 106.62 and 107.37. Projected supporting points are expected at 104.07 and 104.63.

hk ab 10:34 GMT July 16, 2007 Reply   
laowen, something to watch for the aud/jpy.
I think aud and nzd are watching that very closely at the moment.

Brisbane Flip 10:32 GMT July 16, 2007 Reply   
oops
Dax is up 22% YTD and 50% past 18 months

Brisbane Flip 10:31 GMT July 16, 2007 Reply   
Deepak I am just saying there is more to consider than simply what are the intrest rate differntials. The reasons the Japanese have been slow to hike is because of the perception there could be some fragility in their economic recovery. Alternately the ECB has been comfortable raising because the German economy has proven to be more than before (the DAX is up 225 and 505 the past 18 months). At some stage (and it will coincide with a belief the BOJ are further along the process to accepting normalization) the flows into Japan's financial system will mean there is more to $JY rate than the intrest rate differential and over takes the carry trade period we have seen.
BTW The amount of foreign participation already in Japanese stock market (after it virually being a close market) is becoming quite significant so a new paradigm into the mainstream may not be that far away. With more shareholder activism demanding greater dividends etc Japanese companies will (like has happening in Europe) become more reformist. Remember the Japanese have outsourced consumption and a more vibrant Asian consumer will mean a more prosperous Japn inc.

Shenzhen Laowen 10:28 GMT July 16, 2007 Reply   
ab, thank you. Seems you aren't using a preset stop when entering a position trading. AudNzd Long is also good and suggested by some nice traders. LOL.

Sydney ACC 10:28 GMT July 16, 2007 Reply   
melbourne DC 09:48 GMT July 16, 2007
I know one guy who has 45 separate companies. He has bought 2,000 shares in Rinker at an average AUD 18.43 per share, each lot AUD 36,860 plus brokerage.
The offer from Cemex is AUD 19.50 per shre up to 2,000 - AUD 39,000. Funding cost for 4 weeks at 7% apprx AUD 200 per lot. After funding costs and brokerage he will make AUD 1,900 per lot. All up AUD 85,500 profit.
He established 15 compnies last week the rest were ones he established for T3.

hk ab 10:26 GMT July 16, 2007 Reply   
I think a better choice would even be to long aud/nzd.
since the aud gov't seems not caring much about the rise of aud.

hk ab 10:25 GMT July 16, 2007 Reply   
laowen, need some time to figure that out.
also need to see NY respond.

Shenzhen Laowen 10:22 GMT July 16, 2007 Reply   
ab, thanks for your update. I am already in NZD$ short at 0.7916. Will see. On downside where is your target on Kiwi? Many thanks.

hk ab 10:16 GMT July 16, 2007 Reply   
just raised the entry slightly to 7925-30.

hk ab 10:11 GMT July 16, 2007 Reply   
laowen, my dealer quote highest was 7919, missed by 1 pip.

think I am now waiting for a chance to short dlr/chf. Was out and missed that bliped above 1.2030.

Mumbai Deepak 09:56 GMT July 16, 2007 Reply   
Filp// Is the Aussie (AUD) going up because the ASX is going up or vice versa ...... ;)

Its in a nice uptrend similar to the one seen in 2002-2004 though. I am enjoying it...

melbourne DC 09:56 GMT July 16, 2007 Reply   
european/usd looking for decisive break of 1.38 2.04 1.20 (just big fig not sig lvl)

melbourne DC 09:48 GMT July 16, 2007 Reply   
ECB's Quaden: No decison on Sept interest rate move, says rate path will become less obvious - Says ECB is against 'brutal, excessive euro moves' 07/16/2007 19:40:08at

Syd 09:48 GMT July 16, 2007 Reply   
DEBKAfile Exclusive: Pakistani forces backed by US special units are closing in on al Qaeda’s No. 2 Ayman Zawahiri and possibly also Osama bin Laden

http://www.debka.com/headline.php?hid=4411

melbourne DC 09:48 GMT July 16, 2007 Reply   
16 Jul 2007 18:09 AUSEST DJ Rio Tinto Shares Fall 4.2% In Australia On Alcan Deal Worries
MELBOURNE (Dow Jones)--Shares in Rio Tinto Ltd. (RIO.AU) fell 4.2% in Australia Monday as some investors and analysts raised concerns the mining giant is paying too much too late in the cycle with its US$38.1 billion takeover offer for Alcan Inc. (AL).

if fx trading is tough, spare a thought for equities trading. :))implication for aud ?

Hong Kong Qindex 09:39 GMT July 16, 2007 Reply   
CHF/JPY : The monthly cycle projected series indicates that a critical barrier is positioning at 101.18 - [101.56]. Speculative buying interest will increase when the market is trading above [101.56]. The pattern of monthly cycle charts indicate that the market has a tendency to trade between 100.84 - 102.20. A projected supporting point is expected at 99.48.

Syd 09:36 GMT July 16, 2007 Reply   
EUR/USD Overbought, Buying Dips Favored - BarCap



Brisbane Flip 09:34 GMT July 16, 2007 Reply   
Frank the ASX is up 13% this year >20% return the past few.
While many FX pundits are trasnfixed by intrets rate differentials it's the return differntials accross teh board that drives teh decisions. NIkkei on the othe hand is the one of the worst performers in recent times.

While those same pundits have called commodities to top amid global slowdown (on the back of US weakness) the past 18months the opposite has been the case. Asia (and Europe somewhat) have taken the baton and Ozz is deemed by some to be a safer way of playing the pro Asia asset growth game.

wellington am 09:33 GMT July 16, 2007 Reply   
i don't trade cable a lot, but have longed at 0360. looks very compressed, esp. on the crossed. checkout GBP/AUD, GBP/NZD. could be several hundred points upside here.

kiwi and 80 looks like a formality now.

Shenzhen Laowen 09:30 GMT July 16, 2007 Reply   
ab, did you get one more NZD$ short above 0.7910? GL and GT.

Gen dk 09:27 GMT July 16, 2007 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

melbourne DC 09:14 GMT July 16, 2007 Reply   
watch out usdchf 1.1990 ..

melbourne DC 09:06 GMT July 16, 2007 Reply   
lyon frank 09:04 GMT July 16, 2007
b'cos too many on this side calling for reversal on audusd n eurusd.

melbourne DC 09:05 GMT July 16, 2007 Reply   
eurjpy another go below 168 ... 167.75 break would be nice :))

lyon frank 09:04 GMT July 16, 2007 Reply   
any body know why aud is strongest currency in the world.the interest rate stay the same for year.while many central banks like ecb boe raise many times and almost cable close the interest rate gap and aud kill all the croses gbp and euro almost 10 precent even not small correction.its not logic and this is just from last year aud just up nocorrection

melbourne DC 08:49 GMT July 16, 2007 Reply   
just an observation ..
eurjpy is refusing to close below 168 on my 4hr..

Syd 08:48 GMT July 16, 2007 Reply   
Sydney ACC 08:45 the thing is it takes time , therefore most dont think it will happen , same as here we catch the cold eventually .

Sydney ACC 08:45 GMT July 16, 2007 Reply   
Syd 08:32 GMT July 16, 2007
Iftrhe UK economy is in such strong condition then why does the news surrounding commercial property seem to be getting worse.
Standard Life was the first reported on the newswires cutting unit prices a couple of weeks ago. Seems to be getting worse.
AS you have said previously the problems on one side of the pond will in time migrate to the other. Taking a couple of billion out of the market by devaluing the unit prices will have a negative impact.

Syd 08:36 GMT July 16, 2007 Reply   
It's crunch time for cable, says Standard Chartered. The rate is testing 2.0360, the 61.8% Fibonacci retracment level of its 1972-1985 downmove, and this is seen as key for both short and medium term outlooks. Says failure here would be extremely bearish, noting in 1992 cable fell from 2.0115 to 1.5010 in under 3 months, before stabilizing. However, the rate remains in a bull-channel, and Standard Chartered says there is nothing on the daily charts to suggests topside failure yet. A clear break of 2.0360 would target 2.1170 (76.4% Fibo) and 2.2680. Cable now at 2.0370

Syd 08:32 GMT July 16, 2007 Reply   
Price cuts spark fears of mass withdrawals
This week could mark the turning point of the investor love affair with commercial property after up to 6 per cent was wiped off the prices of more than £20bn of UK property funds.

Advisers are now warning of a potential run on commercial property funds.

http://www.ft.com/cms/s/98c0d672-3130-11dc-891f-0000779fd2ac.html

Hong Kong Qindex 08:14 GMT July 16, 2007 Reply   
GBP/JPY: The monthly cycle projected series suggests that the market has potential to trade between [248.04] - [255.63]. As shown in the monthly cycle charts the market is trying to tackle 249.68 which is a significant level in my system. The monthly cycle frequency chart indicates that 249.68 and 252.97 have the same frequency numbers and this would suggest that once the market can establish itself above 249.68, it can easily move ahead towards 252.97. On the other hand the market is under pressure when it is trading below [248.04] and downside targeting points are 243.10 and 245.38.

Syd 07:32 GMT July 16, 2007 Reply   
Sydney ACC 07:25 GMT I totally agree with you , problem is once the ordinary people get pushed to extreme debt the economy will follow, one thing I have realized over the years the idots that run the economies never learn from the past ever

London Carl 07:29 GMT July 16, 2007 Reply   
The euro’s rise and rise is unsustainable

http://business.timesonline.co.uk/tol/business/columnists/article2080600.ece

Interesting read in todays UK Times

Wellington, N.Z. 07:29 GMT July 16, 2007 Reply   
Max McKegg’s FX Forecasts for MONDAY-JULY 16th:


Today’s Favored FX Trade:

My favored FX Trade for Today is EURO/USD

To request a Trial of my FX Service

Click here

Max McKegg/TRL



Sydney ACC 07:25 GMT July 16, 2007 Reply   
Syd 07:19 GMT July 16, 2007
What do you think? I'd say with what has been said the hawks on the MPC are only putting secondary level of importance on the housing environment. Their main concern is CPI and the growth in money supply. They will burn the housing market, especially the investment market if need be.

Monaco Oil Man 07:24 GMT July 16, 2007 Reply   
New Brighton gvm 06:55 GMT July 16, 2007

I am not Long SF at the moment..on any pair(though tempting vs euro).

Syd 07:19 GMT July 16, 2007 Reply   
Forex Focus: Sterling Could Be Running Out Of Oxygen
Sterling may not reach the dizzy heights many have been expecting.

Late last week, as the pound pushed up to a new 26-year high at $2.0366, currency specialists were talking about a target of $2.0700 in the near term, or even a rally as far as $2.2500 in the next year or so.

However, by the end of the week, as the U.K. housing market showed further signs of a slowdown and forecasters started looking for softer consumer price inflation and retail sales data coming out this week, the outlook for U.K. interest rates and the pound doesn't look as strong as it did before.

"We see not insignificant event risk in (this) week's CPI and retail sales data and some associated sterling weakness," said Gavin Friend, a senior currency strategist with Commerzbank in London.

Even without those numbers, there appears to be an argument for scaling back rate hike expectations.

"To us, the case for raising interest rates further and certainly raising rates as far as markets currently anticipate, remains weak," said Gavin Redknap, U.K. economist with Standard Chartered Bank in London. "A combination of higher (interest) rates and poor weather is severely denting consumer sentiment already," he said.

New Brighton gvm 06:55 GMT July 16, 2007 Reply   
Monaco Oil Man 05:26 - r u already long swissy? I was long from 10 July but flicked them on Friday - looking to get back in today - thought I would see offers circa 120.50 but not so sure now - any thoughts TIA

Syd 06:33 GMT July 16, 2007 Reply   
Fitch: North Korean Nuclear Risk, Security Risk Unchanged

Makassar Alimin 06:22 GMT July 16, 2007 Reply   
going long euro 1.3792, stop 1.3733, target open
off for now

madrid mm 06:11 GMT July 16, 2007 Reply   
hello fx jedi -

German Chan Angela Merkel, in Handelsblatt says she is "All in all" not worried about strong euro.

North Korea confirmed on Sunday that it had shut down its Yongbyon nuclear facilities after receiving the first shipment of heavy oil from South Korea -.KNCA.- Xinhua.

NZ Q2 CPI +1.0%q/q vs market expectation of +0.8%. Q2 CPI came in +2.0%y/y, vs 1.8% expected.

S+P affirms NZ's AA+/A-1+ foreign currency and AAA/A-1+ local currency sovereign credit ratings.

NZ Finmin Michael Cullen welcomes S+P decision but says S+P remains concerned about the level of consumer spending, which is aggravating the current account deficit and increasing NZ debt with the rest of the world.

Fire has broken out at an electricity transformer facility at a nuclear power plant in Niigata after the 6.6 magnitude earthquake. - TV. TEPCO spokesman says "no critical" situation. - BBG.

NKS: Many Japanese companies are expected to report profits for the April-June quarter that far surpass their initial forecasts thanks chiefly to the yen's larger-than-projected fall against the USD, EUR and other Asian currencies.

The Australian reports that BHP Bhilliton is epected to decide within 2 weeks whether to bid for Alcoa, valuing deal at $50b.

FT: The RBS-led consortium, which is embroiled in a fierce battle with Barclays for control of ABN Amro, is set to outline a revised bid as early as Monday in which it will increase the proportion of cash by up to EUR7.9bn from about EUR56bn to about EUR63.9bn.

FX markets a touch thinner today, with Japan off on Ocean's Day, though some initial focus on news of 6.6 Earthquake which shook buildings in Tokyo, prompting Tsunami warning and also fire in nuclear facility, though the Tsunami warning was later lifted.

USD/JPY, EUR/JPY edged up a touch toward 122.15-20 and 168.30, but dipped again, to day lows, as there were no further report of damages after the Earthquake.

Eurozone, coupons to the tune of EUR9bn and redemptions of EUR13.2bn will all be paid out on Monday (mostly all from the Netherlands). Issuance should be EUR7bn. In US coupons of USD4.99bn will also be paid out on Monday. No redemptions and no issuance. In the UK, again Monday is the payout day - this time for just GBP0.29bn in coupons, but GBP4.78bn in redemptions.

On FX, markets of any EUR/JPY, GBP/JPY, USD/JPY selling on the above, with USD/JPY dipping again to 121.85, EUR/JPY 168.10.

Kiwi, big "flyer", with Kiwi having finally soared above the key 0.7900 level, where options, stops were rumoured to 0.7907, its highest level since 1985 float highs. Kiwi hit 0.7898 highs earlier from 0.7855 after Q2 CPI more or less seal a RBNZ rate hike next week on July 26 to 8.25%.

AUD hit fresh 18-yr highs of 0.8730 on real money demand., and AUD/JPY buying to fresh 16-year highs of 106.40.

EUR/GBP could edge up as RBS seen upping cash for ABN.

EUR options offers b4 1.3820-25 triggers, while Cable remain bid after hitting 26-yr highs 2.0366 on Friday, with bids still at 2.03 handle.

Nikkei + JGB closed for Japan Ocean's Day holiday.

August crude oil near $74 again in Asia, $73.96, +$0.03.

Asian FX range: USD/JPY 121.83/122.18, EUR/USD 1.3772/1.3791, GBP/USD 2.0322/2.0364, USD/CHF 1.2011/1.2033, AUD/USD 0.8694/0.8730, NZD/USD 0.7857/0.7907.

Wellington, N.Z. 05:35 GMT July 16, 2007 Reply   
Max McKegg’s FX Forecasts for MONDAY-JULY 16th:



Today’s Favored FX Trade:

My favored FX Trade for Today is EURO/USD

To request a Trial of my FX Service

Click here

Max McKegg/TRL


Monaco Oil Man 05:26 GMT July 16, 2007 Reply   
AB,at the moment, it could happen..

The only fresh signal I've got is really that CHF is about to firm up strongly.

Let's see.

hk ab 05:22 GMT July 16, 2007 Reply   
oilman, got it. I thought I could have a chance to see 123 before the drop.

hk ab 05:22 GMT July 16, 2007 Reply   
oilman, got it. I thought I could have a chance to see 123 before the drop.

Monaco Oil Man 05:17 GMT July 16, 2007 Reply   
Well down , i wouldn't be surprised if we have a nice break on $/Y towards 118 over the week.

Right now , however there's only a mild signal on the faster time frames, nothing on dailies , or weeklies..(Last signal is actually 8 bars ago, long 119..Weeklies).

the US$ is on a race, on the other side , the Japan is in a race too (the old beggar they neighbour)..
So each time the US$ will drop vs the yen, it has to stay a few weeks going up , as other pairs go back to new highs vs yen....Everyone is happy..

Montréal Taro 05:12 GMT July 16, 2007 Reply   
Do you think market will be slow today, cause French holyday ?

hk ab 04:56 GMT July 16, 2007 Reply   
oilman, how about dlr/jpy?

Wellington, N.Z. 04:52 GMT July 16, 2007 Reply   
Today’s Favored FX Trade:

My favored FX Trade for Today is EURO/USD.

To request a Trial of my FX Service

Click here

Max McKegg/TRL

Monaco Oil Man 04:49 GMT July 16, 2007 Reply   
Well $CHF should pop toward 1.16 this week...Accelerating downside.

on E$ front makes us see 1.40 before 1.36.
GT.

hk ab 04:42 GMT July 16, 2007 Reply   
no more stoploss kissing activity? I will be disappointed.

Syd 04:38 GMT July 16, 2007 Reply   
Iran Denies Requiring Crude Buyers To Pay In Non-US Currencies

hk ab 04:35 GMT July 16, 2007 Reply   
kiwi moments of truth.

Syd 04:14 GMT July 16, 2007 Reply   
Van jv 04:10 probably correct.

Syd 04:13 GMT July 16, 2007 Reply   
UBS downgrade
Fund manager UBS has suffered a major blow after ratings agency Standard and Poor's downgraded its Australian Share Fund from four stars to two.

http://www.skynews.com.au/business/story.asp?id=179315

Van jv 04:10 GMT July 16, 2007 Reply   
Syd 03:44 --They may be wrong- what I see , hear and read is new avoidance of " Chinese products" , even by Chinese . It may lead to significant reduction in import and......?

Syd 04:07 GMT July 16, 2007 Reply   
Foreigners Held 67.8% Of NZ Bonds In June Vs 68.5% May - RBNZ

hk ab 03:59 GMT July 16, 2007 Reply   
kiwi still can't show the blip needed....

Syd 03:54 GMT July 16, 2007 Reply   
Housebuilders face tax on all new homes
Britian's householders face the prospect of a roof tax on every home they build. The money raised will go toward paying for infrastructure such as roads, schools and medical centres.
http://observer.guardian.co.uk/business/story/0,,2126427,00.html

getting like Spain

Syd 03:44 GMT July 16, 2007 Reply   
China's penchant for adjusting export-tax rebates to slow trade surplus growth will likely backfire, says High Frequency Economics. Lower export-tax rebate rates make Chinese exports more costly, but not by enough to greatly dent Chinese export competitiveness; instead, foreign companies are likely to keep buying similar amounts of Chinese goods - but at higher prices, thus boosting exports, widening trade surplus. "The burden of paying for this tax hike will fall on foreigners," says HFE. The changes, it adds, "will give some Americans a taste of the consequences of a yuan revaluation or a tariff on imports from China."

hk ab 02:35 GMT July 16, 2007 Reply   
e/j now lack of conviction

Syd 02:32 GMT July 16, 2007 Reply   
Tsunami Warming Lifted Following Japan Quake -Report

Syd 02:31 GMT July 16, 2007 Reply   
NZD/USD Profit Taking On Rallies Likely - BNZ

hk ab 02:30 GMT July 16, 2007 Reply   
laowen, 1 more thing, among aud and kiwi, choose kiwi to short as I think aud/nzd will support aud pretty well in this round.

hk ab 02:25 GMT July 16, 2007 Reply   
laowen//To me, I think bankers, insuerers and property agents are 3 best liars in the world.

Shenzhen Laowen 02:21 GMT July 16, 2007 Reply   
ab, i have a buddy living in Japan, who told me that buying NzdJpy at a margin of 3 times was very popuplar among the retired and housewives. The banks will credit to the clients' account the interest difference income while keeping their Long NzdJpy positions. Most common people in Japan do not think NzdJpy can depreciate 30% so their positions will be safe enough. LOL.

Shenzhen Laowen 02:20 GMT July 16, 2007 Reply   
ab, i have a buddy living in Japn, who told me that buying NzdJpy at a margin of 3 times was very popuplar among the retired and housewives. The banks will credit to the clients' account the interest difference income why keeping their Long NzdJpy positions. Most common people in Japan do not think NzdJpy can depreciate 30% so their positions will be safe enough. LOL.

hk ab 02:13 GMT July 16, 2007 Reply   
laowen, yes and I need some help from censored housewives.

Shenzhen Laowen 02:08 GMT July 16, 2007 Reply   
ab, NZD is nearer by your second selling point at 7920. GT and GL.

USA Zeus 01:54 GMT July 16, 2007 Reply   
Well looks like the top pickers will be en masse this week again on EUR and GBP. Will they be lucky this time? Let's see...

Syd 01:29 GMT July 16, 2007 Reply   
A strong quake with preliminary magnitude of 6.6 jolted northwestern Japan on Monday morning and a tsunami warning was issued, officials said.

Waves as high as 50 centimeters were believed to have hit the coasts of northwestern prefecture (state) of Niigata, the Meteorological Agency said in a statement.

The quake was centered off the coast of Niigata, the agency said.

Syd 01:21 GMT July 16, 2007 Reply   
Australia's Deputy PM: Govt Has Room To Ease Fiscal Policy

Syd 01:06 GMT July 16, 2007 Reply   
Dow Jones technical analysis shows EUR/USD may consolidate this week. Daily indicators mixed with stochastic bearish at overbought level but MACD still bullish. Immediate support at 1.3682 (previous cap set on April 27), any breach would be short-term bearish, targeting 1.3567 (July 6 reaction low). Resistance at 1.3813 (Friday's all-time high),

Syd 00:39 GMT July 16, 2007 Reply   
A FORMER Telstra worker allegedly stole a tank and used it to demolish six mobile phone towers as he led police on a wild two-hour rampage through western Sydney yesterday.

http://www.news.com.au/adelaidenow/story/0,22606,22077704-5006301,00.html

hk ab 00:38 GMT July 16, 2007 Reply   
nz intervention?

hk ab 00:18 GMT July 16, 2007 Reply   
dlr/jpy looks bearish. Maybe I need to give up that 123 target.

Syd 00:07 GMT July 16, 2007 Reply   
S&P: NZ Rtgs Vulnerability In Current Account Deficits

 




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Currency trading charts are updated daily using the forex trading ranges posted in the Global-View forex database. You will also find technical indicators on the fx trading charts, e.g. moving averages for currencies such as the EURUSD. This is another forex trading tool provided by Global-View.com.

Forex Brokers

The forex database can be used to access high, low, close daily forex ranges for key currency pairs, such as the EURUSD, USDJPY, USDCHF, GBPUSD, USDCAD, AUD, NZD and major crosses, including EURJPY, EURGBP, EURCHF, GBPJPY, GBPCHF and CHFJPY. Data for these currency trading pairs dating back to January 1, 1999 can be downloaded to an Excel spreadsheet.

Forex Trading

Forex chart points are in a currency trading table that includes; latest fx tradinghigh-low-close range, Bollinger Bands, Fibonacci retracement levels, daily forex pivot points support and resistance levels, average daily forex range, MACD for the different currency trading pairs. You can look on the forex forum for updates when one of the fx trading tools is updated.

FX Trading

Global-View also offers a full fx trading chart gallery that includes fx pairs, such as the EURUSD, commodities, stocks and bonds. In a fx trading world where markets are integrated, the chart gallery is a valuable trading tool. Look for updates on the Forex Forum when the chart gallery is updated.

Forex Blog

Global-View.com also offers a forex blog, where articles of interest for currency trading are posted throughout the day. The forex blog articles come from outside sources, including forex brokers research as well as from the professionals at Global-View.com. This forex blog includes the Daily Forex View, Market Chatter and technical forex blog updates. In additional to its real time forex forum, there are also Member Forums available for more in depth forex trading discussions.

 

WARNING: FOREIGN EXCHANGE TRADING AND INVESTMENT IN DERIVATIVES CAN BE VERY SPECULATIVE AND MAY RESULT IN LOSSES AS WELL AS PROFITS. FOREIGN EXCHANGE AND DERIVATIVES TRADING IS NOT SUITABLE FOR MANY MEMBERS OF THE PUBLIC AND ONLY RISK CAPITAL SHOULD BE APPLIED. THE WEBSITE DOES NOT TAKE INTO ACCOUNT SPECIAL INVESTMENT GOALS, THE FINANCIAL SITUATION OR SPECIFIC REQUIREMENTS OF INDIVIDUAL USERS. YOU SHOULD CAREFULLY CONSIDER YOUR FINANCIAL SITUATION AND CONSULT YOUR FINANCIAL ADVISORS AS TO THE SUITABILITY TO YOUR SITUATION PRIOR TO MAKING ANY INVESTMENT OR ENTERING INTO ANY TRANSACTIONS.

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