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Forex Forum Archive for 07/19/2007

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Syd 23:41 GMT July 19, 2007 Reply   
Sydney ACC for now , its getting the green light but my feeling is with USD much bad news out there and if the Fed see some good numbers which we could, because of this weak dollar, will see strength. On top of that I still see that interest rates once they start to rise in Europe will really bite , much more than most realize also UK - elevated currencies helping hold that back for now they cant have it both ways, same with Japan they wonder why the Japanese sentiment is low who wouldnt be if your ccy was the toilet paper of the world

Philadelphia Caba 23:34 GMT July 19, 2007 Reply   
[Dow Jones] Toyota Finance Australia's NZ$879 million uridashi underscores appetite for NZD yield that's driving up NZD/JPY, says RBC Capital Markets FX strategist Sue Trinh; bond is largest since IBRD issue worth NZ$986 million in March 2004. "Such strong yield appetite will continue supporting NZD," Trinh says. She expects NZD/JPY to hit 103.30 by year end; last 96.89.

Syd 23:26 GMT July 19, 2007 Reply   
Click on the Lion video, quite amazing ( advert first ) then the clip

http://ninemsn.video.msn.com/v/en-au/v.htm?t=s166

Sydney ACC 23:25 GMT July 19, 2007 Reply   
nj jf 23:11 GMT July 19, 2007
Syd 22:31 GMT July 19, 2007
I agree we have appreciated 2 cents in ten days.
Re your posting last night about the 93 cent target any one long over the week will hold their possie and set a stop loss at the level they bought to see whether it can reach that level.
Aussie is like the shin-kan-sen

Syd 23:23 GMT July 19, 2007 Reply   
nj jf 23:11 I agree see a correct but not just yet , can see the cpi coming in at a reasonable pace which could cause pull back interest rate hikes off the table . got to get something to get the ball rolling but not sure what yet.

nj jf 23:11 GMT July 19, 2007 Reply   
Syd 22:31 GMT July 19, 2007

i thought it had more reason to correct 200 pips ago than what it does now, not sure id be playing for any correction at this point (thankfully i dont trade it)

quito_ecuador_valdez 22:58 GMT July 19, 2007 Reply   
Political forum: quito_ecuador_valdez 22:56 GMT July 19, 2007

quito_ecuador_valdez 22:42 GMT July 19, 2007 Reply   
Syd, anyone following FX long enough would agree with your post, tks for it. Any surge or decline is followed by a consolidation period where good players swill cocktails bought by profits or losers lick their wounds. The question is, where's the big picture take us after the consolidation period (read: recovery period)?
Again, I'm not saying this'll happen but I would not be surprized to see 1.40-1.5 EUR/USD by Xmas.

Others..pls read Political Forum post a few mins ago: quito_ecuador_valdez 22:34 GMT July 19, 2007

Watch grain commodity currencies amigos. And watch grain producing areas. Canadian dollar, US dollar, rice. South American producers. It isn't illegal to trade for example Brazillian or Mexican currencies. Check your platform..if it's deficient, talk to them.

Syd 22:31 GMT July 19, 2007 Reply   
AUD's momentum could be expected to wane should USD manage to move into a sustainable consolidation period after recent weakness, says ANZ senior currency strategist Tony Morriss. AUD/USD's current rally might also be checked if next week's 2Q CPI data confirms there's little room for RBA to lift rates ahead of election later this year, he says. Near-term support due 0.8790; hourly trend line support has moved up to 0.8740 and a break of this area would signal a more extended correction toward key support above 0.8550. Pair currently 0.8798.

quito_ecuador_valdez 22:24 GMT July 19, 2007 Reply   
Point being, after NY close, is this. Watch ag grain producers. Who makes wheat, corn, millet, quinua, rice? Watch those currencies. This is an FX forum, not a commodity venue. But commods affect FX...right? It's a chain. WTO was on USA's butt not long ago for subsidizing it's agriculture..chiefly grain. I used to own a soy farm in Ohio...I know where my checks came from. When Brazil could import soy, or China, cheaper than I could produce it let alone sell it at a profit, I got subsidy checks.

Basically the WTO can take it in the afterburner when it comes to NOW...producing what the world will eat. All the bullschidt and so forth WTO says is going straight out the window when it comes to accepting US AID in the form of sacks of grain dumped out of a C5A on starving sand monkies.

quito_ecuador_valdez 22:19 GMT July 19, 2007 Reply   
Thanx John for the linx...nice html work. CB, thanx 4 the comment on grain.

What we're into here is some deep schidt on food supply..bottom line. All the world dogooder orgs wouldn't be funding a world wide grain inventory "squad" to investigate, report, albeit speculate on world's grain resources..who's got it, who needs it blablabla. What the deep schidt is is this. Food. Or lack of it.

Roughly 2/3 or 3/4 of the world's pupulation is either starving or on the verge. Enter into the equation climate change...drying up of ag lands, flooding of others, surprize insect infusions etc.. and you have lots of starving humans. Some say havenots and the 3rd world/2nd world deserve to die, survival of the fittest etc. and others say no...they can't die because they consume too many products (read petro and petro-plastics) to die. It's a matter of opinion.

Whatever the case, I'm banking on grains, the most storable source of metabolitic energy and protein and minerals/fiber Don't forget cooking oil (much of which is derived from grains...or tropical oils). Anything that is connected to real food, apart from caviar or coffee which are luxuries, is gonna be big. Bank on it. Reefs in jeapardy from rising ocean temps result in less fish runs, less protein. Less income. Starving fishermen in makeshift canoes and boats. So grains in 100lb burlap bags will save the day? Air drop 1000 tons of beans on a starving population and see what happens.

But...ask yourselves, where do the beans come from with scorched ag lands or flooded fields?

Chuck

Syd 22:12 GMT July 19, 2007 Reply   
AUD/USD reached fresh 18-year high overnight of 0.8815 on carry trade-related demand, with AUD/JPY hitting 107.50. AUD/USD expected to trade in range of 0.8780-0.8815 today as market enters quiet data zone ahead of next Wednesday's 2Q local CPI, says Suncorp strategic analyst Peter Pontikis. AUD/USD currently 0.8802; AUD/JPY 107.42.

NYC YIPPEE 22:08 GMT July 19, 2007 Reply   
GBPUSD selling more 2.0490 s/l 2.0563 target 2.0237
AUDJPY selling 107.40 s/l 107.76 target 103.87

GVI john 21:15 GMT July 19, 2007 Reply   
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Bahrain Bahrain1 21:09 GMT July 19, 2007 Reply   
Lahore FM 20:49 GMT July 19, 2007
for a fast trade gbpjpy long at spot 250.05 looks good with 60 pip stop to get 160.


Hi FM.....
Think we see it lower 1st b4 moving up....better to buy the dips. GL

Gen dk 21:00 GMT July 19, 2007 Reply   
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Lahore FM 20:49 GMT July 19, 2007 Reply   
for a fast trade gbpjpy long at spot 250.05 looks good with 60 pip stop to get 160.

Wellington, N.Z. 20:49 GMT July 19, 2007 Reply   
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dc CB 20:37 GMT July 19, 2007 Reply   
Google googled..ooops

Van jv 19:09 GMT July 19, 2007 Reply   
Hong Kong Ahe 17:03 GMT July 19, 2007
Thanks for your Japan comment-you can add food inflation and more... just myself more puzzled and admit suspicious of a lousy game behind behind all this,.....
just in my notes comment by Jarislowsky-veteran portfolio manager"
"We are living in just about the most dishonest time in the history of mankind. It's a theft from A to Z...."

dc CB 19:02 GMT July 19, 2007 Reply   
Hi Chuck.

To add to my wheat story. Today was a good example on the CBOT. It started out very stong after large sales (actually tonnage bought), futures ran up 15 cents, but ended closing down 4.5 cents. ($50/cent) Wild and wooly.

quito_ecuador_valdez 18:52 GMT July 19, 2007 Reply   
What strikes me as interesting is that CHF has been tightly controlled to maintain position with USD. Evidently Switzerland is protecting it's market in USA. Afterall, my new high tech Rado watch wasn't especially expensive a few months ago. I like it better than my Rolexes. But beyond that, Switzerland is a vacation venue second to none, (love Zermat & Geneva's lake side roller blade banks!) and has many tech or semitech type exports from machines to espresso coffee gadgets. So to protect itself it's no surprize that CHF is being controlled, and precisely.

quito_ecuador_valdez 18:43 GMT July 19, 2007 Reply   
Realizing I could have speculated and made more money by engulfing EUR instead of CHF for diversity/hedge a year ago, having bought CHF with some stray USD cash laying around, still, to me, EUR is iffy..even tho it's soaring now. When you get all those countries together who've adopted EUR seemingly that's diversity..strength blabla, but also the EZ is vulnerable...very very much so...to anything serious happening suddenly in USA. Whereas Switzerland isn't. When I place cash in hedge mode I'm not concerned much about gaining like in FX but protecting cash value itself. Believe me, if USD falls more and IF something wiggles wrong with EZ, then CHF AND GOLD as well as corn and wheat (commodities) will be THE position. Outahere...best of luck. Chuck

USA Zeus 18:41 GMT July 19, 2007 Reply   
well buy on dip and what? oil sitting at 76.
LOL

Bon Air VA Dennis 18:41 GMT July 19, 2007 Reply   
Sydney ACC 18:34 GMT

going to interject here with a comment re: yours, FWIW

given that daily and weekly RSI's for EURUSD are very much overbought after an extended rally and those of USDCHF are quite oversold, it is not surprising serious fx players are reluctant to add to long EUR or short CHF at this point in time.

I realize there are many on this forum who dismiss technicals or "funnymentals" but in my long experience as a trader, I know if you ignore either or both, you are in for a rude shock one day.

Sydney ACC 18:34 GMT July 19, 2007 Reply   
Personally I don't trade CHF either agaunbst USD or on the crosses. But I observed thius week a general reluctance of USD CHF to stay below the 1.20 handle.This matches the euro's inability to significantly breach 1.3820.
Lahore, I believe you rely almost entirely on technicals to support your decisions but there has to be a change in fundamentals to support such a major reversal in the USD index and/or USD/CHF. With all due respect unless the Americans have found an oil field as big as Texas I can't see it. The order of magnitude of your anticipated change would push euro below 1.30. Good luck!

hk ab 18:33 GMT July 19, 2007 Reply   
this dlrchf spike again signaling the stops cleaing flag for a big big dive tomrrow.

geneva 18:21 GMT July 19, 2007 Reply   
Sydney ACC 18:16 GMT July 19, 2007

Bottom was at 1.1877, We are in a comlex correction as long as we dont break 1.1877. Is going well with the terminal diagonal of most jpy crosses. I think the turn will be very fast. probably when most of the player will be in vacation. GL

Syd 18:21 GMT July 19, 2007 Reply   
Sydney ACC 18:16 good morning again, yes thats a very good question , below would also be intereted .

Lahore FM 18:20 GMT July 19, 2007 Reply   
ACC,of 4 majors,two minors chf is the second weakest,above 1.22 can go much much higher.1.20 these days with 80 on usd index can do wonders for any reverse triggered off thse levels.hope it was a bit of help.

Sydney ACC 18:16 GMT July 19, 2007 Reply   
Lahore FM 17:37 GMT July 19, 2007
geneva 17:33 GMT July 19, 2007
Buying long term usd/chf stop 1.1870 target 1.40!
-
agree.

Among all the despair for the USD you two are proposing a major reversal for USD/CHF. Could you enlighten us to why?
Many thanks.

Mtl JP 18:07 GMT July 19, 2007 Reply   
Although one can hardly talk usd volatility of late, in view of its current near linear crush.

Mtl JP 18:04 GMT July 19, 2007 Reply   
US money supply does not need to be published for public consumption: it can be inferred. The fact that it is not helps speculation and possibly volatility.

Maribor 18:03 GMT July 19, 2007 Reply   
M2 growth is published; M3 is estimated by various sources. Due to differences in financial system and definition of broad money aggregates(M2 USA, M3 in EU, M2+CD in Japan) numbers probably are not directly comparable.

USA Zeus 17:55 GMT July 19, 2007 Reply   
US money supply is not published.

Cali mmm 17:52 GMT July 19, 2007 Reply   
Thank you FM.

hk ab 17:51 GMT July 19, 2007 Reply   
mkt awaiting new policy from RBNZ. As long as that's not out yet, mkt tight range.

Lahore FM 17:49 GMT July 19, 2007 Reply   
122.05 additional long usdjpy,stops at 121.80.

Lahore FM 17:48 GMT July 19, 2007 Reply   
Cali mmm 17:46 GMT July 19, 2007
mmm,2.0420 to start with.will see from there.

Cali mmm 17:46 GMT July 19, 2007 Reply   
Lahore FM, regarding your recent GBPUSD short, you have an open target. Any projection you can share as for price level and time you expect it?

Maribor 17:45 GMT July 19, 2007 Reply   
Hong Kong Ahe 17:03 GMT July 19, 2007

Broad money (M2+CD) growth in Japan is lower than 2% per annum and more than 10% per annum in UK, USA and EU area.

The Netherlands Purk 17:44 GMT July 19, 2007 Reply   
Just a thought of course, but it seems to me that all is set for hitting on the usd tomorrow. e/u closing abive 1,38 usd/cad under pressure, aud/usd at highs, kiwi closing near highs, gbp/usd. Only the swiss is waker as it seems.
Black Friday will take victims.
But (t) thinking as one of the 95% am i?

Lahore FM 17:37 GMT July 19, 2007 Reply   
geneva 17:33 GMT July 19, 2007
Buying long term usd/chf stop 1.1870 target 1.40!
-
agree.

geneva 17:33 GMT July 19, 2007 Reply   
Buying long term usd/chf stop 1.1870 target 1.40!

Hong Kong Ahe 17:25 GMT July 19, 2007 Reply   
USDJPY is still capped under 50 DMVG 122.18 which was the top in Jan and Feb of 2007. It looks like it is easy to make one day drop from current level of 121.97 down to 120.33 100 DMVG- same pattern in the drop in Jan and Feb 2007. Watch out your stop if u long it. GLGT.

Bahrain Bahrain1 17:10 GMT July 19, 2007 Reply   
The Netherlands Purk 17:03 GMT July 19, 2007

Well I'm trying to remember when I said that....!
Any way good that you short it and made some$$$$. :-)
GL

Mtl JP 17:07 GMT July 19, 2007 Reply   
Moskow's "Chicago Fed think potential GDP growth is lower than it was five years ago, and currently is somewhat below 3 percent."

One can thus postulate about price-inflationary (or dlr's purchasing power erosion) expecations at various levels of fiat printing.

Hong Kong Ahe 17:03 GMT July 19, 2007 Reply   
When will YEN back to level under 120? CNY keeps on appreciating and will increase rate soon to fight with inflation? Almost all countries in the world is fighting with inflation due to Oil price increase but only Japan keeps on its track of deflation. It is a strange country.

The Netherlands Purk 17:03 GMT July 19, 2007 Reply   
Bahrain Bahrain1 16:53 GMT July 19, 2007

No no that was after the selling you mentioned that... that was a question?

Lahore FM 16:55 GMT July 19, 2007 Reply   
2.0510 sell kicked in.40 stops.target open.

USA Zeus 16:54 GMT July 19, 2007 Reply   
next favored trade-buy gold
LOL

Bahrain Bahrain1 16:53 GMT July 19, 2007 Reply   
The Netherlands Purk 16:39 GMT July 19, 2007
Bahrain Bahrain1 16:14 GMT July 19, 2007
Err it was you who said e.e. selling at 13830, so i sold ans made a bunch of cash, so how can you be confused?

hehehe Purk......
Really happy that you made some money.....
But what I said was "shall we buy if brk 30"......
Good luck.

GVI john 16:42 GMT July 19, 2007 Reply   
Personal attacks are not permitted. Im not going to take sides on a fight.

GVI john 16:18 GMT July 19, 2007 Reply   
Please lets stop the endless fighting. Its against our rules and very tiresome.

Bahrain Bahrain1 16:14 GMT July 19, 2007 Reply   
No logic in this move....Euro going down...cable holding...EURGBP down.......

Seems sharks trying to clean all the stops on the downside...before moving up again? take care and good luck all.

Mtl JP 16:14 GMT July 19, 2007 Reply   
16:30GMT - Fed’s Moskow talks to economists. (in Philadelphia)

AZUSA 4x-ed 16:13 GMT July 19, 2007 Reply   
I'd vote for an Environmental Forum if were given the option!!!

hk ab 16:09 GMT July 19, 2007 Reply   
the dlr/jpy looks ready for downmove any second though.... let' see who would it take it with.

kiwi, look the test of the range each time.
You will see only sharp spikes down are found but not much from the top side.

Como Perrie 16:06 GMT July 19, 2007 Reply   
And next will give you a dose of husbanding too. A Hole

hk ab 16:01 GMT July 19, 2007 Reply   
sneaky indicator on cad now neutral.

hk ab 15:59 GMT July 19, 2007 Reply   
If one day, the laymans were seriously affected by the loss in carry trade, they are not different to those who dived into sub-prime loans.....

Mtl JP 15:59 GMT July 19, 2007 Reply   
data event:
16:00GMT July Philadelphia Fed Manufacturing Survey
mrkt: 13.5 last: 18.0

USA Zeus 15:56 GMT July 19, 2007 Reply   
Como Perrie 15:52 GMT July 19, 2007

Laughable!
Read the history from 70 buying on dips ove and over calling for higher oil projected up to 77.77- if you care to use smth other than false criticism.

Bandung AS 15:54 GMT July 19, 2007 Reply   
disapointing day, a lot of important fundamental data but less move in the market

hk ab 15:53 GMT July 19, 2007 Reply   
sth not right with dlrcad, sneaky indicator shows that some more legs south ahead.

hk ab 15:49 GMT July 19, 2007 Reply   
dlr/cad and dlr/jpy didn't move in tandem....
dlr/chf fake swing to kill all stops above before 1.16?

Lahore FM 15:44 GMT July 19, 2007 Reply   
cad above 1.0435/40 goes to 1.05 for a quick one.

hk ab 15:43 GMT July 19, 2007 Reply   
From chart, I think many new baby bulls havelong kiwi above .79.....

Lahore FM 15:42 GMT July 19, 2007 Reply   
UK Alex 15:38 GMT July 19, 2007
thanx Alex.

hk ab 15:38 GMT July 19, 2007 Reply   
if broad correction confirms, dlr/jpy can see 123 tomorrow.

UK Alex 15:38 GMT July 19, 2007 Reply   
FM, good calls on gbp/chf & nzd/usd.

hk ab 15:36 GMT July 19, 2007 Reply   
under 79 will be rolling stops time.

hk ab 15:36 GMT July 19, 2007 Reply   
Kevin//daily chart RSI 14.

Hong Kong Ahe 15:35 GMT July 19, 2007 Reply   
All pairs are moving for correction. Trade is back.

Lahore FM 15:35 GMT July 19, 2007 Reply   
Kevin it is the daychart.nzdusd shorts already working on it now.

HK Kevin 15:33 GMT July 19, 2007 Reply   
hk ab, are you refered to the 8-hr chart with regard to the divergance of Kiwi?

hk ab 15:32 GMT July 19, 2007 Reply   
looks like liquidation. with e/chf break 1.66, all dlr/chf short should be closed?

Cbj Jake 15:25 GMT July 19, 2007 Reply   
Zeus - Your currency speculations are valued. It is another matter when your private political angst gets expressed so consistently and needlessly on this forum when you know very well there is a political forum for the expression of your political suasion. It is as if you know you have a "forced private audience" here!

More to the point: each time you do express your political opinions here you do not help Jay and John for it gives the impression that Jay and John agree with your politics - since you have, uniquely I may add, been so insistent on expressing your political opinions in this honored environment. I'm sure Jay and John do not want you expressing their political beliefs.

hk ab 15:20 GMT July 19, 2007 Reply   
many failures in eur/chf 1.66.....

HK Kevin 15:19 GMT July 19, 2007 Reply   
Bahrain Bahrain1 15:14 GMT, forget to mention, another alternative plan is long at 1.3710, s/l at 1.3590. Their recommendations are trading in long term, no profit taking point, just stop loss or profit. Not my style for this year.

Bahrain Bahrain1 15:14 GMT July 19, 2007 Reply   
HK Kevin 15:03 GMT July 19, 2007

Thanks Kevin......
Appreciate your comments. GL.

USA Zeus 15:05 GMT July 19, 2007 Reply   
That's what happens with Pelosi and Reid power. Socialism has always failed.

Maribor 15:04 GMT July 19, 2007 Reply   
AUDJPY, CADJPY, AUDCAD - change of behavior from buy on dips to sell on blips few days ago.

HK Kevin 15:03 GMT July 19, 2007 Reply   
Bahrain Bahrain1 14:59 GMT, a HK's financial services compnay advises stop buy at 1.3835

The Netherlands Purk 15:02 GMT July 19, 2007 Reply   
And loonie found sellers.....

Halifax CB 15:01 GMT July 19, 2007 Reply   
PAR 14:49 GMT July 19, 2007
It's just more finger pointing and smokescreening for made-at-home problems. Expect even more as the election heats up...

Hong Kong Ahe 15:00 GMT July 19, 2007 Reply   
hk ab 14:58 GMT - I watched the charts it was due to unwind of GBPCHF served as option pair of GBPUSD/USDCHF.

hk ab 15:00 GMT July 19, 2007 Reply   
seems eur want to go to the moon and left gbp and chf behind.

Bahrain Bahrain1 14:59 GMT July 19, 2007 Reply   
Any one buying EUR$ if 1.3830 taken??? Your comments pls?

HK Kevin 14:59 GMT July 19, 2007 Reply   
Hong Kong Ahe 14:54 GMT, they have been awarded "the best performance award" of 1st half of 2007

melbourne DC 14:58 GMT July 19, 2007 Reply   
its certainly easier being a central banker when you r filling up the punch bowl ..
i wonder if one day ben does cut rates, if its not in part due to pressure on a personal lvl , given the grilling (and i must say rudeness) of the questioning .
the congressmen may just be deflating the anger they meet.

hk ab 14:58 GMT July 19, 2007 Reply   
anyone see option on dlrchf?..... it's held TOO well here....

Hong Kong Ahe 14:54 GMT July 19, 2007 Reply   
Makassar Alimin 13:48 GMT - The housewives have taken the money to have a summer resort in Mediteranium. Bathing in the sun now.

PAR 14:49 GMT July 19, 2007 Reply   
If Bernanke is worried about CNYUSD rate Trichet should be three times as worried .

hk ab 14:47 GMT July 19, 2007 Reply   
Just want to see how this daily divergence in RSI chart work on the kiwi this time.

hk ab 14:46 GMT July 19, 2007 Reply   
JP//then country with the same problem, high deficit, high inflaton, high prop. (i.e. nz) should also be downgraded too.

USA Zeus 14:45 GMT July 19, 2007 Reply   
Maribor 05:42 GMT July 19, 2007
Sure.

LOL

HK Kevin 14:44 GMT July 19, 2007 Reply   
Add some short AUD/JPY at 107.43 with same stop as the previous one.

USA Zeus 14:41 GMT July 19, 2007 Reply   
ab-
e/j long swings- buy on dips
scalps- short on swing rallies.

Mtl JP 14:41 GMT July 19, 2007 Reply   
hk ab 14:06 / how about a downgrade of US gov't debt next ? remove market doubt and speculation.

hk ab 14:36 GMT July 19, 2007 Reply   
zeus san, e/j or u/j? up or down?

ath 14:35 GMT July 19, 2007 Reply   
waiting for cable to go above 2.0500 but seems will be waiting for a long time

glgta

london av 14:33 GMT July 19, 2007 Reply   
short aud/usd 8801 s/l 8822

USA Zeus 14:33 GMT July 19, 2007 Reply   
some yen wiggles. Plenty of stox action.

lon 14:33 GMT July 19, 2007 Reply   
Or Hooray Henry

ath 14:33 GMT July 19, 2007 Reply   
seem like the lull before the storm

hk ab 14:27 GMT July 19, 2007 Reply   
so quiet

Bon Air VA Dennis 14:26 GMT July 19, 2007 Reply   
Tks, ab.

hk ab 14:16 GMT July 19, 2007 Reply   
Paulson.

Bon Air VA Dennis 14:08 GMT July 19, 2007 Reply   
hk ab 14:06 GMT

Sorry to be ignorant, but WHO is Henry?

hk ab 14:06 GMT July 19, 2007 Reply   
data seems unmove again. What have Henry prepared? to move the mkt

Mtl JP 13:59 GMT July 19, 2007 Reply   
data on deck
14:00GMT - US June Leading Indicators
mrkt: 0.1% last: 0.3%

Makassar Alimin 13:48 GMT July 19, 2007 Reply   
where are the housewives? we need them to buyout eurjpy to 170

Plovidv Gotin 13:30 GMT July 19, 2007 Reply   
E/$: if 1.3833 not hold-->1.3842/51. If hold-->1.3677.GTay

Lahore FM 13:29 GMT July 19, 2007 Reply   
Cecme NYAM 13:14 GMT July 19, 2007
cioa NYAM.

HK Kevin 13:28 GMT July 19, 2007 Reply   
hk ab, short AUD/JPY from 107.20, closed half at 106.80 last night, s/l of the rest at risk today.
For AUD, play the range of 8710 and 8810. Also watch the reaction of USD/JPY at 121.15/20. I think it can't go to my original short entry level 122.50.

The Netherlands Purk 13:28 GMT July 19, 2007 Reply   
Well loonie founds buyers, lets see if we can get 10455-10471-10504-10555.

BAHRAIN Bahrain1 13:23 GMT July 19, 2007 Reply   
Cecme NYAM 13:14 GMT July 19, 2007

Thanks NYAM.....
Still EURGBP option is very cheap...maybe 2 weeks will work.
Tom we have UK GDP...bad number and EURGBP up to 6770/80 again. GL.

Hong Kong Qindex 13:21 GMT July 19, 2007 Reply   
Crude Oil (August) : The market is likely to move lower and speculative selling pressure will increase when the market is trading below 75.32.  The downside targeting points are 73.54 and 74.29. The upside targeting points are 75.66 and 76.34. The current expected trading ranges from the weekly cycle are  72.88* - 73.28 - 73.69 - 74.09 - 74.49* - 74.89 - [75.29] - 75.69 - 76.09*.

USA Zeus 13:18 GMT July 19, 2007 Reply   
Oil up to 76? Well we told you so...

USA Zeus 01:39 GMT July 19, 2007
Favored trade of the day- Oil
Will tell you later that we told you so.

USA Zeus 18:26 GMT July 18, 2007
Looks like oil will be a favored trade of the day tomorrow

Cecme NYAM 13:14 GMT July 19, 2007 Reply   
BAHRAIN Bahrain1 10:55 GMT July 19, 2007//
2.0455 ıs the 2-4 trend lıne break and ıts close. after that sell rallıes. ıf not stay long for 2.0630-50
And good call on EURGBP buy on dıps but as a thırd wave may be ın progress dıps may be shallow. 3rd wave would be lıkely on cable break 2.0455.
USDJPY needs to jump over that 122.28 rel hıgh. dont thınk ıt wıll make ıt.

HK [email protected] 13:09 GMT July 19, 2007 Reply   
This rumor about transformation of any element into gold, was likely spread by one who wants to buy more gold.

BAHRAIN Bahrain1 13:05 GMT July 19, 2007 Reply   
Eastern European sellers active in front of 1.3830. GL.

Hong Kong WT 12:55 GMT July 19, 2007 Reply   
Loonie bottome picking.
if canjpy not over 117.4X

melbourne DC 12:54 GMT July 19, 2007 Reply   
thinking of usd bears ?
early in the week the bears catches their breath while waiting for ben show ... now that its out of the way they come into today with e$ base 1.3750/60 and clear line to attack 1.3830.
jul 13 above 1.38 rejected
jul 19 below 1.38 rejected ..
any sniff of soveriegn buyers around 1.38 should be good signal. ..
continuiing comments of muturing trend from analysts ..
all the best.

NYC 12:47 GMT July 19, 2007 Reply   
Bernanke testimony is a repeat of yesterday. Different Q&A but do no expect anything new to come from it.

Bandung AS 12:39 GMT July 19, 2007 Reply   
no move here, seems like people waiting for bernanke

BAHRAIN Bahrain1 12:33 GMT July 19, 2007 Reply   
US weekly jobless claims -8k to 301k against forecasts for a 3k rise to 311k from last week's prelim 308k

hk ab 12:32 GMT July 19, 2007 Reply   
next wave of chf move could be due to the unwinding of chf crosses...

why PMs react so vigorously? seems some good for "USD" news in the book.

BAHRAIN Bahrain1 12:28 GMT July 19, 2007 Reply   
Hong Kong Ahe 12:24 GMT July 19, 2007

Agree ahe......
seems market waiting for Bernanke Testifies and FOMC Minutes later. GL

Hong Kong Ahe 12:24 GMT July 19, 2007 Reply   
BAHRAIN Bahrain1 12:13 GMT - But it is a pip per hour tortoise movement. A very dull market.

BAHRAIN Bahrain1 12:21 GMT July 19, 2007 Reply   
Russia says suspends issuing visas for British officials. (Reuters)

hk ab 12:20 GMT July 19, 2007 Reply   
believe it or not, from research point of view, if gold is made, next will be silver.

BAHRAIN Bahrain1 12:20 GMT July 19, 2007 Reply   
Russia to expel four British diplomats - Interfax quotes foreign ministry. Says latest statements by British government make further cooperation impossible with Britain in war on terror. (Reuters)

hk ab 12:15 GMT July 19, 2007 Reply   
boy and gals, eur/jpy and eur/chf daily chart keeps squeezing watch for the direction.

BAHRAIN Bahrain1 12:13 GMT July 19, 2007 Reply   
BAHRAIN Bahrain1 09:06 GMT July 19, 2007
If euro dropped from here....back to 1.38 again...then where cable will be..... 2.0450/60 GL.


74 was the low so far. GL.

Syd 12:05 GMT July 19, 2007 Reply   
Sydney ACC 12:03 that true , but feel we will see 90 on the aud before the turn, may take a few if we see low 87 area gl.

Sydney ACC 12:03 GMT July 19, 2007 Reply   
Syd 11:54 GMT July 19, 2007
No at the moment from a trading persepective although I am trying to sell AUD versus GBP as aprt of a capital switch. Take profit order.

With all the rhetoric going on over the pond about changes to RBNZ policy the AUD/NZD cross may be the low risk alternative. Personally though I can't see what they can do except step up the intervention whiuch just feeds the chooks.

Syd 12:01 GMT July 19, 2007 Reply   
Sydney ACC 11:56 he is doing too much talking about it, just get a feeling today that blow off isnt too far away , and that the targets are too close to miss .

Lahore FM 12:00 GMT July 19, 2007 Reply   
small short ozi 0.8789,stops 0.8810.

Lahore FM 11:57 GMT July 19, 2007 Reply   
Lahore FM 11:38 GMT July 19, 2007
long usdcad 1.0440,stops at 20.
-
s/l amended to 07.

Syd 11:56 GMT July 19, 2007 Reply   
hk ab 11:55 8830 next stop higher

Sydney ACC 11:56 GMT July 19, 2007 Reply   
Cullen accused of playing monetary policy poker

The rhetoric surrounding changes to Reserve Bank policy stepped up a gear. Calls from business to cut interest rates and let Kiwi fall.

http://www.nzherald.co.nz/section/1/story.cfm?c_id=1&objectid=10452585&pnum=2

http://www.nzherald.co.nz/section/3/story.cfm?c_id=3&objectid=10452541

hk ab 11:55 GMT July 19, 2007 Reply   
maybe 0.8888 make a temp stop first before next leg to 93....

Syd 11:54 GMT July 19, 2007 Reply   
Sydney ACC 11:47 talking to my broker seems funds are targeting 93 nothing really to stop it at the moment are you long?

Maribor 11:50 GMT July 19, 2007 Reply   
UK Alex 11:29 GMT July 19, 2007

http://www.gata.org/node/5273

hk ab 11:48 GMT July 19, 2007 Reply   
bc, thanks.

typo short a/j 107.27.

Sydney ACC 11:47 GMT July 19, 2007 Reply   
Syd 11:30 GMT July 19, 2007
Macqaurie was a big buyer last night I heard from one source around AUD 750 mio taken out.
Yes, early on tonight there was good buying by European hedge funds, can't confirm it but it looks suspicously like a switch from Kiwi. NZD looks stuck in low 79's at present cross is approaching 1.1100.
This has probably been the most significant bull run in twenty years. Since March AUD has put on almost 11 cents with very little retracement. Out of 18 weeks, 13 have been up with only one week showing a significant reversal.
Rinker is just about finished. That takeover was worth AUD 17 bio, ignoring local assets which might be sold that means AUD 13 bio or so had to be converted. That in anyone's book is a lot of dough.
Given sentiment towards the USD I don't know whether we are going to get a significant dip.

shanghai bc 11:46 GMT July 19, 2007 Reply   
hk ab 11:39 GMT July 19, 2007

The best quality of true intelligence in the market is obtained by the big money,not by the government agents..For example,spies of Rothschild were present at the battle of Waterloo and informed their master well before the king and the government knew of the result of the Waterloo..Same in today's finacial world..It is and has always been a war of intelligence at the top money circles..If gold shot up ten Dollars while that story was printed,it is not even wrothwile to pay any attention to it..

hk ab 11:43 GMT July 19, 2007 Reply   
add short aud/jpy 106.27

Lon AB 11:42 GMT July 19, 2007 Reply   
cable./

Gone Long GBP/USD 2.0479 st 2.0442

Kiwi

Gone Long NZD/USD 7928 st 7876

Looking for further further USD weakness and new highs. GL/GT

hk ab 11:41 GMT July 19, 2007 Reply   
FM//want to try that too but want to start a bit lower like near the 1.04 fig.

hk ab 11:39 GMT July 19, 2007 Reply   
bc, if that gold story turn out to be true, should we turn to silver?

Halifax CB 11:38 GMT July 19, 2007 Reply   
UK Alex 11:29 GMT July 19, 2007
A good hint the other direction is that it is sourced from the "San Fransisco Comical", lol...
BTW, don't know if it's any more reliable, but the barrier options reported on Bloomberg re. euro/usd may be of some value:
http://www.bloomberg.com/apps/news?pid=20601083&sid=alq0RHoZCvq8&refer=currency
Any ideas when they would roll off?

Lahore FM 11:38 GMT July 19, 2007 Reply   
long usdcad 1.0440,stops at 20.

hk ab 11:35 GMT July 19, 2007 Reply   
kiwi daily chart divergence in RSI seen.... good luck. Last time it turned out to be a 300 pips dip in 2 days.

NY tim 11:33 GMT July 19, 2007 Reply   
2.0550 player isbuying now 2.0473 just to have some ammo befor final death

Syd 11:30 GMT July 19, 2007 Reply   
Sydney ACC Aud seems well support above 87 ?

PAR 11:30 GMT July 19, 2007 Reply   
Some Us corporations borrow yen to finance Us stock buy backs. Before we know it the whole Us economy is one big hedge fund . Lol.

UK Alex 11:29 GMT July 19, 2007 Reply   
Pidasso said the laboratory's gold research long has been funded by grants from JPMorganChase & Co. and Goldman Sachs Group Inc. but that recently "enormous" help had been provided by Bear Stearns Cos.

Definitely not a hoax. No-one would dare to use the names of such esteemed investors in a fairy story.

Lahore FM 11:26 GMT July 19, 2007 Reply   
CB

looks they are looking to pull out chief culprits of subprime out of the recent morass.

hk ab 11:24 GMT July 19, 2007 Reply   
ONe more interesting thing is the research is supported by Bears STEARNS......

hk ab 11:23 GMT July 19, 2007 Reply   
Thanks CB....

If calcium can make it, the story is totally different. And I think not until the stuff is patented, the gold won't plunge easily at the moment. Let's see if it's a hoax or a money big time.

One thing for sure is: it's not environmental friendly since refinery of all metals use up lots of energy.

NY tim 11:22 GMT July 19, 2007 Reply   
today will be the 3rd attempt for GBP/USD to kill this option at 2.0550 and then we might see another +150pips just to get the round figure 2.0700 :)

PAR 11:22 GMT July 19, 2007 Reply   
Yesterday Bernanke managed to talk down the dollar by focusing on housing risks and the poors in america getting poorer. I think today a similar depressing performance could sent dollar to new lows .

Halifax CB 11:15 GMT July 19, 2007 Reply   
Little slow to get started this am...but here's the gold story, it's a pretty well done spoof:
http://www.gata.org/node/5272

Lahore FM 11:13 GMT July 19, 2007 Reply   
fwiw,2.4500 and 2.4545 are supports to go long on this pair.

hk ab 11:10 GMT July 19, 2007 Reply   
Tx FM!

gbp/chf dive..... hopes it's just routine profit taking but not indicating new terror alert.

UK Alex 11:09 GMT July 19, 2007 Reply   
hk ab 11:03 GMT July 19, 2007
ab, it has some more room to the upside.

Lahore FM 11:07 GMT July 19, 2007 Reply   
ab,i am short from 0.7932,with 70 stop.posted on gvi earlier.

UK Alex 11:04 GMT July 19, 2007 Reply   
Sterling is slipping against Swiss Franc.

hk ab 11:03 GMT July 19, 2007 Reply   
Alex, what do you see kiwi form here?

San Juan Lil 11:03 GMT July 19, 2007 Reply   
Hello everyone!
quito_ecuador_valdez
I find your comments very interesting, thank you for sharing!

UK Alex 11:03 GMT July 19, 2007 Reply   
hk ab 10:50 GMT July 19, 2007
50bp cut.

hk ab 11:01 GMT July 19, 2007 Reply   
BAHRAIN Bahrain1 10:55 GMT July 19, 2007
It often likes a snap back swiftly to clean up all stops on the upside.

Lahore FM 11:00 GMT July 19, 2007 Reply   
ab,long too from 121.82 since yesterday as posted,placing tentative stops now at 121.50.target 123.

Lahore FM 10:56 GMT July 19, 2007 Reply   
hk ab 10:52 GMT July 19, 2007
long it is,will keep an eye.

limit short in place for gbpusd 2.0510,with 40 stop.no target just now.

GVI john 10:56 GMT July 19, 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

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Updated twice daily. Access GVI free

Chart Points and Moving Averages

Charts: Updated Bourses..
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shanghai bc 10:55 GMT July 19, 2007 Reply   

Newton was a secret alchemist too, risking mercury poisoning and it was an illegal activity in his days..If any smart alchemist has ever found a viable method ,why should he suddenly become stupid enough to reveal the secret to the world..Keep the secret and become the first Pound trillionaire..

BAHRAIN Bahrain1 10:55 GMT July 19, 2007 Reply   
cable is sick....only we need euro to move 20 pips down and cable "bye bye".

hk ab 10:54 GMT July 19, 2007 Reply   
and let's better wish that 1.18 is not broken, otherwise, chart says 1.12.....

hk ab 10:52 GMT July 19, 2007 Reply   
FM//Honestly, think even if it avalanche upwards, there will be a fierce attack at 1.19 first
+ I think dlr/jpy daily chart is signaling the multi-fig move is back, watch out for the gbp/jpy short.

hk ab 10:50 GMT July 19, 2007 Reply   
UK Alex 10:40 GMT July 19, 2007


What's that?

Lahore FM 10:46 GMT July 19, 2007 Reply   
UK Alex 10:40 GMT July 19, 2007
Alex we just need a bit of sentiment shift to break out of a week long range in favour of usd.usd index at just the right spot for that.let us see what effects roll out of it all.

UK Alex 10:40 GMT July 19, 2007 Reply   
Lahore FM 10:38 GMT July 19, 2007
Do you think Central Bank of Brazil move will boost the dollar?

Maribor 10:40 GMT July 19, 2007 Reply   
hk ab 10:31 GMT July 19, 2007

I guess it is positioning on CME(speculators are short 37% open positions)

PAR 10:38 GMT July 19, 2007 Reply   
Germany and France agree on ECB independence but that forex policy should be decided by politicians whereas ECB is responsible for price stability as in the USA and most of the industrialised world .

Lahore FM 10:38 GMT July 19, 2007 Reply   
hk ab 10:31 GMT July 19, 2007
who the censored is holding dlr/chf? to create a 100 pips avalanche?
--
suspect it will avalanche upwards.

Lahore FM 10:34 GMT July 19, 2007 Reply   
long gbpjpy 250.02,stops 249.30.target 252.00.

hk ab 10:31 GMT July 19, 2007 Reply   
who the censored is holding dlr/chf? to create a 100 pips avalanche?

UK Alex 10:28 GMT July 19, 2007 Reply   
Equities got hit hard into the London close and there has been broad based selling for a few days now.

hk ab 10:25 GMT July 19, 2007 Reply   
Alex, what sell programs?

UK Alex 10:19 GMT July 19, 2007 Reply   
Talk of big sell programs ripping through financial markets yesterday.

P.S.
There is only one stable isotope of gold.

JKT ACDC 10:19 GMT July 19, 2007 Reply   
Hi All,

With US data in 2 hours or so what is the expectation of traders in this forum.

USD up or down.

hk ab 10:09 GMT July 19, 2007 Reply   
chf and yen wll help to alleviate the pressure off from gbp and eur.

short crosses good play.

hk ab 10:08 GMT July 19, 2007 Reply   
Maribor 10:02 GMT July 19, 2007

only 79 protons needed, neutrons doesn't matter. Dr. Q is also the expert in this area too.

BAHRAIN Bahrain1 10:04 GMT July 19, 2007 Reply   
German government spokesman says Germany, France agreed independence of ECB remains paramount. Also says ECB independence not being called into question by any nation. (Reuters)

BAHRAIN Bahrain1 10:03 GMT July 19, 2007 Reply   
london 10:00 GMT July 19, 2007

U name it London,,,, so they need to spend $10000 to get 1g of Gold. lol Nice invetment. lol

Maribor 10:02 GMT July 19, 2007 Reply   
Chemical element must have 79 protons and 118 neutrons in nucleus to be Gold. To bombard nucleus with missing particles?

Sound more like cold fusion...

BAHRAIN Bahrain1 10:00 GMT July 19, 2007 Reply   
Sarkozy's spokesman says France has never asked for end to ECB independence. (Reuters)

london 10:00 GMT July 19, 2007 Reply   
guys gold cant be created according to neuclear physics , u need an amount of energy equivelant to the sun just to transform 1 gm of a lower grade metal to gold ,, u need to change the atom structure , and that is only possible with uranium :-)

hk ab 09:56 GMT July 19, 2007 Reply   
aud possibly benefited from the base metals story. And kiwi just followed like a watchdog.

One more thing is: seem the carry traders are still not very alerted the new policy in front of them.

BAHRAIN Bahrain1 09:55 GMT July 19, 2007 Reply   
Syd//// I think it's a good story for bed time. lol
"" once upon time there was a witch doing experiment, she managed to change base metals to gold, by using frogs legs and ants heart......""" lol

hk ab 09:52 GMT July 19, 2007 Reply   
I think if gold can be "created" then, silver will replace its position.......

as a scientist, found that announcement like a hoax more than real thing. I am REALLY interested to read the whole article, where can I find it?

BAHRAIN Bahrain1 09:48 GMT July 19, 2007 Reply   
PAR 09:37 GMT July 19, 2007


hehehe Nice one.

PAR 09:37 GMT July 19, 2007 Reply   
Why change base metals into gold while the base metals are more expensive . Better do the reverse and change gold into lead or nickel . Lol.

Syd 09:37 GMT July 19, 2007 Reply   
BAHRAIN Bahrain1 any confirmation in a link

BAHRAIN Bahrain1 09:29 GMT July 19, 2007 Reply   
Syd 09:16 GMT July 19, 2007
BAHRAIN Bahrain1 09:14 GMT thats a gold negative no more mining


Yah...I'll start buying base metals now....
Just 1 ton in case the story is right. LOL.

Hong Kong Ahe 09:27 GMT July 19, 2007 Reply   
GBPUSD upside 40pips profit but downside is 500 pips lost at current level 2.0503. Would you like to buy GBP in such risk ratio? GLGT.

Maribor 09:25 GMT July 19, 2007 Reply   
Are they selling shares(IPO) for this discovery?

:-)))

Syd 09:16 GMT July 19, 2007 Reply   
BAHRAIN Bahrain1 09:14 GMT thats a gold negative no more mining

BAHRAIN Bahrain1 09:14 GMT July 19, 2007 Reply   
"""Scientists find economic process for creating gold from base
metals """"


Gold will be 5$ ounce then. LOL

BAHRAIN Bahrain1 09:11 GMT July 19, 2007 Reply   
Sell the rallies GBPYEN now....While the euro is moving up..the cable might hold here or follow the euro...but once the euro sold..this cable will collapse.

take care and good luck all.

Como Perrie 09:09 GMT July 19, 2007 Reply   

Current Market Events Recap


Bear
Stearns admits two subprime mortgage funds are worthless


Resurrected
M3 may warn of inflationary blowoff and US bonds huge risk aversion from U.S.


Scientists find economic process for creating gold from base
metals


(link to this story has been deleted, if interested
contact Jay. I'll send the whole story to him)


LIVERMORE,
California
-- Scientists at the Lawrence Livermore National Laboratory
have discovered a process for inexpensively converting base metals into gold,
the lab announced Tuesday night at a hastily called news conference.

Ldn 09:08 GMT July 19, 2007 Reply   
UK PSNB Reaches Highest Level Ever Seen In June-

BAHRAIN Bahrain1 09:06 GMT July 19, 2007 Reply   
If euro dropped from here....back to 1.38 again...then where cable will be..... 2.0450/60 GL.

PAR 09:05 GMT July 19, 2007 Reply   
Yesterday Bernanke conveniently said that the superweak USD is not his responsability but that of the treasury .Problem for EURO is that ECB and Trichet clearly think they are in charge of forex policy while that as in the US should be left to the treasury . Trichet and ECB think they have all the power and thats bad .

Bandung AS 09:04 GMT July 19, 2007 Reply   
EUR/GBP better, check it out

Gen dk 09:02 GMT July 19, 2007 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Hong Kong Qindex 09:00 GMT July 19, 2007 Reply   
GBP/AUD: The current expected trading range from my monthly cycle charts is 2.3113 - 2.3523. The projected series indicates that the market is going to trade between 2.3015 - 2.3344. The odds are high that the lower barrier of the monthly cycle projected series at 2.3010 // 2.3113 will be challenged. The current expected trading ranges are 2.3010 // 2.3113* - 2.3215 - 2.3318 - 2.3420 - 2.3523*.

Maribor 09:00 GMT July 19, 2007 Reply   
GBPJPY changed mode some days ago from buy on dips to sell on blips, similar happened between 23.1. to 15.2.07 Result then was fall of 20 big figures. Method is not very precise(can go even higher for days), but worth think about.

Hong Kong Qindex 08:45 GMT July 19, 2007 Reply   
GBP/AUD : Heading Towards 2.3113.

Bandung AS 08:43 GMT July 19, 2007 Reply   
GBP looks strong enough

Como Perrie 08:42 GMT July 19, 2007 Reply   

It
might help at times

Sydney ACC 08:42 GMT July 19, 2007 Reply   
King will likwe the M4 figure 0.8% versus 1.2% expected.
This, retail sales and then excuses for the rise in furniture and furnishings in the CPI makes the chance of an increase in inetrest rates in August more remote.

BAHRAIN Bahrain1 08:35 GMT July 19, 2007 Reply   
seems we saw the low EURGBP for the week. GL.

BAHRAIN Bahrain1 08:33 GMT July 19, 2007 Reply   
UK June retail sales +0.2% mom and +3.4% yoy from May's +0.4% mom and +3.9% yoy and against forecasts for +0.3% mom and +3.5% yoy.

tokyo ginko 08:33 GMT July 19, 2007 Reply   
+0.2% gbp data

PAR 08:21 GMT July 19, 2007 Reply   
Looking for new highs on GBPUSD with blockbuster Uk retail sales.

HK REVDAX 08:05 GMT July 19, 2007 Reply   
$/CAD//Make it simple: buy $/CAD at 1.0439 stop 1.0414

Bandung AS 08:01 GMT July 19, 2007 Reply   
let us prepare for GBP retail sales... get down baby!!!

Sydney ACC 08:00 GMT July 19, 2007 Reply   
Aussie trades to a new recent high of 0.8802 on the back of European fund buying. Kiwi stays around 0.7920.
Looks like some switching from Kiwi to Aussie, maybe on the back of Cullen's statements earlier today.

Jerusalem ML 07:59 GMT July 19, 2007 Reply   
Gd morning
DANGER for Euro longs..
Today / tomorr unwinding of EURO longs likely
1.3650 Target by end of this week or monday

CAREFUL !
G/L

Hong Kong Qindex 07:58 GMT July 19, 2007 Reply   
USD/CAD :

Daily Directional Indicator : "1.0418" - 1.0449 - 1.0460* - (1.0461) - "1.0468*"

Remarks : The market is likely to consolidate between 1.0418 - 1.0468 for the time being


Upside Targeting Points : 1.0504 and 1.0540
Downside Targeting Points : 1.0302 and 1.0397


Daily Cycle (1.0449) : ... 1.0325 - 1.0349* - 1.0373 - 1.0385 // 1.0397* - 1.0409 - 1.0421 - 1.0432 - 1.0444* - 1.0456 - [1.0468] - 1.0480 - 1.0492* - 1.0504 - 1.0516 - 1.0528 - 1.0540* // 1.0551 - 1.0563 - 1.0587* - 1.0611 ...

The weekly distribution profile of super magnets are as follow : (1.0196) - 1.0291* - 1.0319 - (1.0329) - 1.0376* - 1.0384 - "1.0418" - 1.0449 - 1.0460* - (1.0461) - "1.0468*" - 1.0514 - 1.0544* - 1.0579 - (1.0594) - 1.0628* - (1.0727)

Remarks : The market is under pressure when it is trading below 1.0461. Speculative buying interest will increase if the market is able to trade above 1.0544.

Syd 07:53 GMT July 19, 2007 Reply   
EUR/USD's overbought readings on daily and weekly momentum studies suggest a bout of corrective/consolidative activity will now be seen with the rate settling in a 1.3850-1.3650 range. Follows fresh all-time high around 1.3835 Wednesday which fell just shy of the 1.3855 objective and channel top, says Royal Bank of Scotland.

Wellington, N.Z. 07:51 GMT July 19, 2007 Reply   
Max McKegg’s FX Trading Forecasts for THURSDAY - JULY 19th:

Today’s Favored FX Trade:

My favored FX Trade for Today is AUD/USD

To request a Trial of my FX Service

Click here

Max McKegg/TRL

Hong Kong Qindex 07:46 GMT July 19, 2007 Reply   
USD/CAD : The weekly distribution profile of super magnets are as follow : (1.0196) - 1.0291* - 1.0319 - (1.0329) - 1.0376* - 1.0384 - "1.0418" - 1.0449 - 1.0460* - (1.0461) - "1.0468*" - 1.0514 - 1.0544* - 1.0579 - (1.0594) - 1.0628* - (1.0727)


The Daily Directional Indicator : "1.0418" - 1.0449 - 1.0460* - (1.0461) - "1.0468*"


Remarks : The market is likely to consolidate between 1.0418 - 1.0468 for the time being.

Hong Kong Qindex 07:40 GMT July 19, 2007 Reply   
USD/CAD : The market is under pressure when it is rejected from 1.0461.

Syd 07:33 GMT July 19, 2007 Reply   
Talk of policy tightening measures in China is expected to gather momentum, Grace said.

HK REVDAX 07:31 GMT July 19, 2007 Reply   
Today's special//Sell $/CHF at 1.2030 stop 1.2067...then walk away from the monitor.

Hong Kong Qindex 07:27 GMT July 19, 2007 Reply   
USD/CAD : The market momentum is strong when it is able to trade above 1.0461.

BAHRAIN Bahrain1 07:26 GMT July 19, 2007 Reply   
Based on King's comments....Think it's time to establish EURGBP long position....buy dips(if strong UK data) or buy call option if cheap. Good luck all.

Syd 07:25 GMT July 19, 2007 Reply   
MARKET TALK: Look For Limited Support For GBP


0718 GMT [Dow Jones] The GBP may have been helped by signs that inflation isn't declining as fast as expected. But with the Bank of England remaining reluctant to push rates higher too quickly, support for the UK currency is likely to prove limited.

Syd 07:21 GMT July 19, 2007 Reply   
Sterling may be able to extract a little support from recent strong inflation data but the U.K currency is highly unlikely to race ahead.

Bank of England minutes published Wednesday emphasized the continued reluctance of some members to rush into an early rate hike, ensuring that rate hike expectations remain even more uncertain than they were before.

Syd 07:19 GMT July 19, 2007 Reply   
BOE's King: Inflation Rate Likely To Fall Further This Year

Maribor 07:16 GMT July 19, 2007 Reply   
Ljubljana 06:14 GMT July 19, 2007

Seems like we have a lawyer here.
(če ne razumeš, kaj sem hotel s svojim zapisom, potem ne obremenjuj foruma)

Bandung AS 07:14 GMT July 19, 2007 Reply   
GBP retail sales exp 0,3% buddy, how could be a buy dip?

Hong Kong Qindex 07:14 GMT July 19, 2007 Reply   
USD/CAD : The market is working on the barrier at 1.0396 // 1.0458*.

Wellington, N.Z. 07:11 GMT July 19, 2007 Reply   
Max McKegg’s FX Forecasts for THURSDAY - JULY 19th:


My favored FX Trade for Today is AUD/USD

To request a Trial of my FX Service

Click here

Max McKegg/TRL

BAHRAIN Bahrain1 07:07 GMT July 19, 2007 Reply   
Maybe it's time to long EURGBP.....Buy dips. GL

Sydney ACC 07:00 GMT July 19, 2007 Reply   
GBP interest rates have peaked

Anatole Kaletsky

http://www.timesonline.co.uk/tol/comment/columnists/anatole_kaletsky/article2100216.ece

BAHRAIN Bahrain1 06:59 GMT July 19, 2007 Reply   
BoE's King says inflation will come down during the rest of the year - local newspaper. Also says inflation likely to drop further, but have to wait and see. (Reuters)

Bandung AS 06:35 GMT July 19, 2007 Reply   
what goin on here, CHF not moving with trade balance??

Hong Kong Qindex 06:29 GMT July 19, 2007 Reply   
The Netherlands Purk 06:00 GMT - USD/CAD : I will post a more detailed analysis on it in an hour.

Hong Kong Qindex 06:27 GMT July 19, 2007 Reply   
USD/CAD : the odds are in favor of moving up to 1.0542 than moving down to 1.0264.

cecme TURK NYAM 06:25 GMT July 19, 2007 Reply   
Lahore FM 15:49 GMT July 18, 2007//watch out for test for lows today ın USDJPY. İm seeıng a breakput pattern south 120.90 test before bounce. regards.

Hong Kong Qindex 06:24 GMT July 19, 2007 Reply   
USD/CAD : 1.0403* is a significant level in my system. The current expected trading ranges are [1.0403] - 1.0449 - 1.0496*.

Hong Kong Qindex 06:21 GMT July 19, 2007 Reply   
The Netherlands Purk 06:00 GMT - USD/CAD : I will it in an hour.

madridq mm 06:16 GMT July 19, 2007 Reply   
...and this euro/usd trading range is as flat as a pancake for the last few days.

Definately a storm is brewing either out of funnymental and/or techiemental and/or frustration.....

May the force be with you !!!

Ljubljana 06:14 GMT July 19, 2007 Reply   
Maribor 11:41 GMT June 8, 2007

I am not very succesful trader and history of my postings tells I am mostly wrong///Him not need say anything more. He think waste mostly.



madridq mm 06:14 GMT July 19, 2007 Reply   
Gm F jedi,

China GDP for Q2 +11.9%, versus forecast of 10.8%. June CPI +4.4%, versus expectation of 3.5%.

Market gearing up for more PBoC Rate hikes, and CNY reval rumours tom, - a Friday, ahead of the 2nd Anniversary of 21 July 2005 CNY reval on Sat, July 21 2007.

PBoC set USD/CNY mid rate at new low of 7.5636, it all time lows of 7.5615 after the stronger than expected Q2 China GDP.

China could soon raise interest rates once more and cut or scrap the 20% withholding tax levied on interest income- China Securities Journal commentary.

Reuters poll: Nearly a half of major Japanese companies expect the Japanese government to intervene in currency markets to support the yen if it falls further. 44% saw Japan intervening in FX markets, while 56% expected no such an action.

Dr Michael Cullen says he will not provide certainty for NZD speculators, and reiterates he will not rule out using power to suspend policy agreement -BBG

NZ Herald: the Govt has raised the prospect of stepping in to prevent another interest rate rise and stem the NZD's surge.

UK Times: Uncertainty over the next move in monetary policy grew yesterday after minutes revealed a rift at the heart of the BoE that could stall a further rise in interest rates.

Focus at start of the session was the Sept 11 like explosion in Manhattan, which triggered USD sales, only for USD to recover after terrorism was ruled out, with the cause of the explosion - an 83 year old steam pipe, built since 1924, in midtown Manhattan.

Market players then started to focus on release of Q2 China GDP and with rumours "floating" around about "floating of MYR, and reval of CNY and PBoC rate hikes on expectation the strong China GDP will trigger rate hike, and possible PBoC CNY reval ahead of the 2nd anniversary of 2005 21 July CNY reval, b4 this Saturday 21 July 2007/

USD/CNY hitting new lows of 7.5615 after the strong China GDP, while USD/JPY. Cross/JPY under pressure as Japanese investors - housewives + grannies investors amongst them seen selling, and taking profits, pushing USD/JPY, AUD/JPY, NZD/JPY lower.

US investment houses also selling above 122 handle, with fixing set at 122.04, funds, models bidding 122.70-80, with Japan mega-city banks.

Kiwi still under pressure on NZ Cullen comments, with offers coming in ahead of 0.7940-50, after it hit post 1985 float of 0.7947, speculation of more options at 0.7950, and not surprised to hear RBNZ interest. NZD still holding above 0.79 handle, but stops below 0.7890. AUD/NZD at 1.1080, funds buying on dips, with RBA relaxed on AUD rise (noting AUD on low side vs NZD), RBNZ/Cullen concerned on NZD rise.

GBP capped ahead of 2.0550 options triggers, GBP/JPY ahead of 250.50.

EUR lower on EUR/JPY sales, offers still ahead of 1.3840-50 triggers. Large USD/CHF stoploss building blw 1.1950.

Nikkei +42.17pts or 0.23% at 18,057. JGBs lower as Nikkei recovers, 10-yr yield -0.005% at 1.895%. September crude oil remains firm in Asia, $75.00, -$0,05 after overnight rally in NY to 11-month highs.

Asian FX range: USD/JPY 121.76/122.00, EUR/USD 1.3790/1.3814, GBP/USD 2.0511/2.0514, USD/CHF 1.1992/1.2016, AUD/USD 0.8763/0.8779, NZD/USD 0.7909/0.7937.

The Netherlands Purk 06:00 GMT July 19, 2007 Reply   
Dr Q. if i may ask you, with respect to all your nice calculations: can you tell me the tradingranges of the loonie? I am not quit convinced that the loonie is going to get up to 10555 before we have seen 10388ishes.
Are the numbers still valid?

Thank you

The Netherlands Purk 05:57 GMT July 19, 2007 Reply   
Happy day!

Yeah ZEUS you are a waste of space here, your stories censored (sorry mrs. Z.) and have no meaning whatsoever so why bother to learn the people here, but than again, if your HAT is determined you will become the forum...

In the meantime loonie is trying to change pattern but not done yet. No steam in up, no steam in down.

Ozborn is till up, kiwi is up, cable up, market si telling us something here.

Bugger: nice action to come.

Favourite trade of the day: none.

You become what you think of: a waste.

Maribor 05:42 GMT July 19, 2007 Reply   
USA Zeus 01:39 GMT July 19, 2007

Wasting forum place, fooling readers, preparing subscription of services or enjoying life on behalf of others?

Without direction such comment is useless.

Hong Kong Qindex 05:34 GMT July 19, 2007 Reply   
AUD/USD : The market is working on the barrier at 0.8710 // 0.8822 and the mid-point reference of 0.8710 and 0.8822 is 0.8766.

Wellington, N.Z. 05:13 GMT July 19, 2007 Reply   
Max McKegg’s FX Forecasts for THURSDAY - JULY 19th:


Today’s Favored FX Trade:

My favored FX Trade for Today is AUD/USD

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Ldn 04:53 GMT July 19, 2007 Reply   
China's Economy Grows at Fastest Pace in 12 Years

http://www.bloomberg.com/apps/news?pid=20601080&sid=anmEfErcb54k&refer=asia

Syd 04:43 GMT July 19, 2007 Reply   
WSJ London -- THE GLOBAL credit-market crunch just won't go away, despite investor attempts to look beyond the implications for the buyout boom and bull run in stocks.

In Europe yesterday, investors showed signs of an increasing aversion to risky corporate bonds. An index of 50 mainly "junk"-rated borrowers, known as the iTraxx Crossover and watched as a barometer of credit sentiment, widened by 0.265 percentage point to 3.24 percentage points early yesterday. This means the cost of insuring a portfolio of 10 million euros ($13.8 million) of debt against a default in a pool of 50 mainly subinvestment grade, or junk-rated, European borrowers had risen to around 324,000 euros, compared with 288,500 euros late Tuesday.

Concern over the subprime-mortgage market has prompted some borrowers in Europe and the U.S. to restructure deals with less-aggressive terms or to pull back from the market. Eleven borrowers in Europe have either canceled or postponed bond-sale plans in recent weeks, among them Russian state-controlled oil producer OAO Rosneft and Austria's A-TEC Industries AG. Brian Venables, credit strategist at Calyon in London, said the move in the Crossover index emphasizes the fact that the market really doesn't know how to price credit risk right now. "The market is now reacting to every bit of bad news, whereas a couple of months ago the market reacted to every bit of positive news and ignored the bad. It's a complete reversal of the market's psychology," Mr. Venables said.

All eyes are now on whether the eight banks arranging the jumbo GBP 9.02 billion ($18.45 billion) loan financing backing the leveraged buyout of U.K. pharmacy chain Alliance Boots PLC will be able to sell this debt onto investors. Separately, Wall Street firms circulated at least a dozen lists of subprime-related bonds they planned to hastily sell to investors. Some of the assets were from a fund managed by Basis Capital, a large hedge-fund manager based in Australia, and were put on the block by Citigroup and J.P. Morgan Chase & Co., according to people familiar with the matter.

Investors are struggling to place values on assets tied to subprime home loans. Because some of these instruments aren't actively traded, investors worry that they are holding securities on their books at values that are no longer accurate.

Delinquencies and defaults have been rising on subprime mortgages -- which are taken out by borrowers with shaky credit backgrounds. Some of these mortgages were subject to fraudulent loan documentation when they were written

Syd 04:03 GMT July 19, 2007 Reply   
CNY May Rise Faster To Control Liquidity -Calyon China's authorities may allow CNY to rise faster in wake of higher-than-expected CPI, FAI data for June, says Calyon's Sebastien Barbe; "We believe that authorities are increasingly convinced that more significant CNY appreciation has to come along with the interest rate rise, because excess domestic liquidity is also coming from capital inflows stemming from record trade surpluses." Tips USD/CNY to end 2007 at 7.2500, from previously forecast 7.4000; spot currently at 7.5635. Adds, expects data to prompt authorities to raise banks' reserve requirement ratio 100 bps, hike 1-year lending rate above 7% from 6.57% in coming months; adds, government may also accelerate special bond issue to finance State Investment Corporation to suck liquidity from market.

Syd 04:00 GMT July 19, 2007 Reply   
hk ab sounds like China have a few tricks up their sleeves over the weekend what with tax and interest rate hikes in store due to the strong data
dont be surprised if the RBNZ dont one of these Monday mornings give a nice early surprise while everyone is getting over their hangover at the weekend :-)))))))

HK [email protected] 03:46 GMT July 19, 2007 Reply   
For the time being the BOJ has created a crazy money making machine which most of it, is invested in doomed to be speculations(the S.Prime Bubble is is the first to burst others will follow), all in a hope for a recovery in the US economy, which is not looking to materialize soon.
Meanwhile they continue to poison the world economy with cheap money, just for the fear their housewives will refuse them goodtime if their investment will evaporate.
Imagine so many raging women, that is really a very serious social drawback.


quito_ecuador_valdez 03:42 GMT July 19, 2007 Reply   
signing off...can't post in EST daytime hours...coffee biz taking up 100% of my time lately. Have only one possie as such and it's not FX platform related..just a wad in CHF as I said as a hedge. I'm reducing the amount of cash holdings I control and increasing agriculture and realestate holdings here in Ec. as a "hard asset" but liquid portfolio. I don't like cash much and have it in abundance only when there's nothing else to do with it.

quito_ecuador_valdez 03:31 GMT July 19, 2007 Reply   
Remember RF, XAU is listed in terms of USD so if USD tanks it gives XAU a boost obviously...but watch AU in relation to major currencies to get a true idea of what AU is REALLY doing. To compare it only to USD is folly.

quito_ecuador_valdez 03:28 GMT July 19, 2007 Reply   
I'd keep an eye on USDX as indicator of overall USD strength or weakness, that's what that index is for...to get a core sample of what's going on deep inside USD's relationship with all major world currencies. I've never been much of a fan of EUR although most are...I've diversified a year ago by putting half the money I control in CHF as a hedge on falling USD. I'm not trying to make money on this, am trying to keep cash capital at a level value only. We've got other investments to frnish returns.

I don't see enough proof on either "side" of longing or shorting USD to make it worth my time to speculate on it...although it would not be surprizing to me at least, to see a 1.40-1.50 EUR/USD before year end.

HK [email protected] 03:19 GMT July 19, 2007 Reply   
In the last days, gold has given a nice bullish signal, so though 674 is a temporary short term extended target, there is a big risk going short on it. For the time 682-target is begging.


quito_ecuador_valdez 03:12 GMT July 19, 2007 Reply   
As to grains again, as sandiego bobl pointed out to me in an email, grains have one direction to go and that's up. Increasing demand on a given supply by increasing population, decreasing yields from parched hot dry climatic changed ag lands or flooded ones (it seems the extremes are being seen in weather) all spells grain shortage. Why do you think the biggie orgs are studying who's got what inventories and production and who doesn't? That's a lot of investment in this massive investigation world wide. Ask yourselves why...must be a real scare coming up. Soy, wheat, rice, corn, millet, quinua, beans...whatever you call it...grain foods are all going to be in higher demand and lower production as years pass. That includes coffee. We're gearing up for this here in southern Ecuador...encouraging all sorts of grain production to help farmers cash in on this ever increasing demand. I don't think the issues that WTO whining vs USA re: ag sanctions, will exist past another couple years.. of waning production and increasing demand, do you?

As to USD, I've said it before and I'll say it again, if USD is NOT at 1.40-1.50 EUR and sustained at that level FOR AT LEAST several years, then USA is basically going to endure hard times export and tourism wise. That's not what anyone in USA including Fed wants (given Fed is as responsible as we hope). You'll hear whining from ECB of course but if the yankee giant falls so does everyone else who deals with that huge market. Asia's propensity to keep it's currencies low to sell to USA PROVES my point.

Bandung AS 03:09 GMT July 19, 2007 Reply   
and harry potter from london will crush transformer into 2,08 LOL

HK [email protected] 03:04 GMT July 19, 2007 Reply   
dc CB 02:39 GMT July 19, 2007
So it goes: Briefing's summation.

19:19 Transformer explosion rocks midtown Manhattan - Reuters

Is that another explosion? In the morning I saw a steam-water geyzer in thae middle of Manhattan Is that the same one wow, I dont think a blowing transformer will create a geyzer LOL, Wats going on there in N.Y. Looks an aging metro.

Bandung AS 03:03 GMT July 19, 2007 Reply   
will dollar more bearish with major currencies this day??

quito_ecuador_valdez 03:00 GMT July 19, 2007 Reply   
DC cb, thanks for the comment about grain. I posted about a month ago that an organization sponsored by World Bank, World Health, UN and two others I can't remember, sent two person teams all around South America checking grain inventories and consumption figures...we saw one such team poking around and asked them what they were doing..they said they were just one of many teams checking grain inventories and consumption and said they worked for an org sponsored as I said above.

As to the trnsformer explosion, if it's like the transformers I'm familiar with, it is full of "transformer oil" and when it overheats due to too much amps going thru it (air conditioners rocking off their moorings in this heat) then the oil boils, the transformer bursts and the hot oil vaporizes all at once yielding a spectacular explosion of oil vapor and metal fragments from the transformer casing or cabinet. Remember, the electrical grid was engineered years ago and is always stressed in summer, hence brown outs etc.. and add a few new welders, a few new air conditioners, a few more fridges in restaurants and you've got lots of amperage demand the engineers didn't count on years ago.

Besides, if terrorists were to strike NYC, they would not play around with a simple transformer explosion.

dc CB 02:39 GMT July 19, 2007 Reply   
So it goes: Briefing's summation.

19:19 Transformer explosion rocks midtown Manhattan - Reuters

Reuters reports a transformer exploded in midtown Manhattan on Wednesday, creating a huge plume of smoke and sending pedestrians fleeing from the scene, but police said the blast did not look suspicious. "It doesn't look suspicious at this time," a police spokesman told Reuters. A witness reported that a building had collapsed, but New York City police said the building had not fallen, but was "shaky." "There is debris falling, get back," a fireman told onlookers. People were being kept a block away. "There was a thundering noise like a hundred freight trains going by and a plume of what looks like steam as high as 10 stories," said former Reuters correspondent Irwin Arieff. The explosion took place near 42nd Street on the east side of midtown Manhattan during the evening rush hour. Subway trains were diverted away from Grand Central station. Briefing.com note: Follow-up from 18:09, 18:12, 18:15 and 18:16 comments.

Syd 02:08 GMT July 19, 2007 Reply   
China June CPI +4.4%;Exceeds Beijing's 2007 Target
1H Urban FAI Rise Faster Than Expected
2Q GDP Growth Blows Past Expectations
1H Urban FAI Up 26.7% On Yr; Seen +25.9%
June CPI Up 4.4% On Year; Seen Up 3.6%
2Q GDP +11.9% On Year; Expected +10.8%
Indus Output Up 19.4% On Year; Seen Up 17.4%
1H National FAI Up 25.9% On Year
June Urban FAI Up 28.5% On Year
June Retail Sales Up 16.0% On Yr Vs +15.9% In May
June PPI Up 2.5% On Year Vs Up 2.8% In May
1H GDP Up 11.5% On Year Vs Up 11.1% On Year In 1Q

Syd 02:02 GMT July 19, 2007 Reply   
JPY crosses like GBP/JPY, AUD/JPY falling on profit-taking, position-adjustment by non-Japan investors amid growing caution about high prices, says trader at major Japan bank

Syd 01:59 GMT July 19, 2007 Reply   
China June CPI 4.4% On Year - Xinhua
1H National FAI 25.9% On Year
1H GDP 11.5% On Year





dc CB 01:58 GMT July 19, 2007 Reply   
quito_ecuador_valdez 01:34 GMT July 19, 2007

Wheat is the real deal this year...once the spring wheat harvest is finished there is no more crop until Aus and S Am ... For the first time in years US wheat is currently the cheapest to be had. The only problem is that FUNDS have now taken to the grain markets. "once upon a time" a couple of cents in corn or a 5 -8 cent in wheat were big moves...one must be prepared to withstand the onslaught of limit moves that come out of nowhere...down, when you would think it should be up. Gunslinger fund mangagers.

Syd 01:58 GMT July 19, 2007 Reply   
dc CB 01:47 at that time property was a lot cheaper , so they would have done very well , just a little too cold for my liking . Many NewZealanders have moved up to Queensland

dc CB 01:47 GMT July 19, 2007 Reply   
Syd 01:32 GMT July 19, 2007
I know a couple who worked make-up on the LR...they bought a house, couldn't resist.

dc CB 01:42 GMT July 19, 2007 Reply   
So IBM reported boffo, with a suspected leak before the close causing the last 1/2 hour rally. Plus WM (Washington Mutual), a possible subprime casualty, reported profit above expects. So far all is good in Stox land and we can forget about that stuff that scared the crap out of everybody last night. Buy the dips...


hk ab, see you noticed that Yen and SF pop too, on the terror scare. Maybe pocket some 3 month calls on the SF...it's gonna happen eventually.

USA Zeus 01:39 GMT July 19, 2007 Reply   
Favored trade of the day- Oil
Will tell you later that we told you so.

quito_ecuador_valdez 01:34 GMT July 19, 2007 Reply   
What a day. USD continues to tank giving USA exporters & tourist industry a shot in the arm. Good. Finally. U.S. Housing however continues to cry woes yet up 2.3%, but core inflation seems to be nearly level at .2% for June. Bear Stearns' 2 funds claimed to be "essentially worthless" weighed on mkt..mistake due to wrong way trades betting on subprime loans doing better than they did. Goes to show U that even the big bear can be wrong in this topsey turvey mkt. Even if the Fed doesn't act, higher costs could prompt slower spending. Such a retrenchment could dent corporate profits. Last week's U.S. stock advance weakened this week...no one knows if it's run out of gas or just resting before another advance. Sure is a mixed up mkt. Frankly, if you trade commodities, I'd forget the short term mess and just long grains. Coffee is on an upbeat move but real grains are going to be a long term good bet. As you know I don't day trade so any advice I give is for long termers. chuck

Syd 01:32 GMT July 19, 2007 Reply   
dc CB 01:30 not sure havent been, all I know is the Lord of the Rings was filmed there and that look great (smile)

Syd 01:31 GMT July 19, 2007 Reply   
Union hardliners a problem for Rudd
His comments describing John Howard as a "skid mark on the bedsheet of Australian politics" and then describing employers as "greedy pricks" has done nothing to calm the fears of many voters with memories of the Whitlam years of the faceless men of the union movement deciding policy and of a return to the old days of class warfare, mindless industrial disputes and wildcat strikes.



http://www.theage.com.au/news/business/union-hardliners-a-problem-for-rudd/2007/05/30/1180205336966.html

dc CB 01:30 GMT July 19, 2007 Reply   
Syd 23:49 GMT July 18, 2007
New Zealand should abandon its free-floating exchange rate and peg it to a key larger currency such as the US dollar.

got that right, then we can all move there in without suffering any penalty. After all it's paradise...isn't it? :)

Syd 01:14 GMT July 19, 2007 Reply   
hk ab 00:52 GMT so they should, the RBNZ know where the problem lies othewise they wouldnt have taken a trip to Japan last year, but that was before JHW set about their kiwi from the rhetoric you read in NZ the policitians are truly pissed off , the change wil happen before the get up in the morning, so they better keep their mobiles under their pillows

hk ab 01:07 GMT July 19, 2007 Reply   
still stubborn with carry? Hope that they are not the last group in the l/t trend......

hk ab 00:58 GMT July 19, 2007 Reply   
all high yielders are collapsing... sth related to carry for sure.

hk ab 00:55 GMT July 19, 2007 Reply   
another interesting thing is during that "suspected" terror act, only chf and jpy have moved. Gold was like sleeping.....

hk ab 00:52 GMT July 19, 2007 Reply   
syd//guess censored housewives are now reading your pasted link on gvi now......

Sydney ACC 00:52 GMT July 19, 2007 Reply   
USA flights and shops are the best bargains

Yesterday, the collapsing US dollar dipped to its lowest level for 26 years. A pound sterling now buys more than $2.04 and, this summer, virtually everything in the States - from iPods to hotel rooms - looks excellent value. If you have yet to book your summer holiday, it is not too late to find some good deals.

• Football match: LA Galaxy home fixture, from $160 (£79.48); a Manchester United home fixture, by comparison, would cost from £136. Saving: £56.52

• Rock concert: The Police, Madison Square Garden, NY, from $216 (£107.30); to see the band at Twickenham Stadium, Middlesex, would cost from £360. Saving: £252.70

http://www.telegraph.co.uk/travel/main.jhtml;jsessionid=U4TFON22WM11ZQFIQMGCFF4AVCBQUIV0?xml=/travel/2007/07/18/nosplit/et-usa-118.xml

hk ab 00:47 GMT July 19, 2007 Reply   
oilman, still want to long kiwi?

Sydney ACC 00:33 GMT July 19, 2007 Reply   
Syd 23:54 GMT July 18, 2007
Err Australian Renminbi?
The world consists of four major political groups headed by USA, Europe, China and India.
Part of the Asian currency bloc along with Japan and NZ.
Australia's population 25 million, NZ 5 million Japan sub 100 million all striving to service China the head of the Greater East Asian Empire from Japan west to India.
Australia is stuffed - no one wants coal, uranium or gold, relies predominantly on tourism, base metals and primary industry.
Russia is part of the EU and NATO.
US has withdrawn to the Americas dominates that region.
Middle East is an area of depression - oil is only used for chemicals; cars , trucks and planes run on hydrogen.

Syd 00:31 GMT July 19, 2007 Reply   
hk ab 00:25 should be in October or latest November not sure when he has to call it, how many weeks prior - but not looking too hot for johny now can see them losing

hk ab 00:25 GMT July 19, 2007 Reply   
Syd//When is the Aussie election?

It could be a pretty good excuse to create turmoil to shake the aussie down too

Syd 00:02 GMT July 19, 2007 Reply   
Dow Jones technical analysis indicates EUR/JPY to trade lower. Daily charts negative as MACD, stochastics bearish, latter overbought. Immediate support at 167.95 (yesterday's low), then 167.67 (Tuesday's low), breach of which would expose downside to 166.48 (July 11 low). Resistance at 168.53 (yesterday's high), then 168.70 (Tuesday's high). EUR/JPY last 168.36

 




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