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Forex Forum Archive for 01/03/2008

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USA Zeus 23:02 GMT January 3, 2008 Reply   
Fundies are buying GBP/USD at this level.

Philadelphia Caba 22:46 GMT January 3, 2008 Reply   
Maribor, well..unless ECB cut I can't see much depreciation of euro (yes, some technicals correction..) but still, eur/chf is a carry...or no?

Maribor 22:41 GMT January 3, 2008 Reply   
Caba, that is what I consider fundamentals.

Philadelphia Caba 22:38 GMT January 3, 2008 Reply   
Maribor 21:03 GMT January 3, 2008
re eur/chf .... that view is based on ?...please, be more specific..thanks

Maribor 22:34 GMT January 3, 2008 Reply   
Well, we got 24 minutes left...it will be hard if it will happen at all.

austin mw 22:33 GMT January 3, 2008 Reply   
re EURUSD: you have a inverted head and shoulders on
the daily with neckline coming in .4750

Bali teddybear 22:29 GMT January 3, 2008 Reply   
USA BAY

We already got the level 1.4550..haven't we?In fact 1.43 has already appeared 2weeks before.So...it should be corrected to a big move 1.500 from now..right?

USA BAY 22:26 GMT January 3, 2008 Reply   
Maribor

1.9515 (161.8% of 2.1160-2.0353/2.0821) is potential support, maybe a long position at 1.95 levels ought to work, i dont think the decline is complete.

Pretoria Hoax control 22:25 GMT January 3, 2008 Reply   
Maribor 22:22 GMT January 3, 2008

ask your turning level traps

Maribor 22:22 GMT January 3, 2008 Reply   
Insane question to be disregarded: can we make 150 pips up during this hour on cable?

USA BAY 22:22 GMT January 3, 2008 Reply   
Bali teddybear,

Eur/usd seems will be heading to wave 2 correction and levels 1.4747 is worth the look out and target 1.4550 area is expected before a larger move to 1.51/53

Bali teddybear 22:15 GMT January 3, 2008 Reply   
Thx tokyo.It's not over confidence.I'm not drinking.I was found it before at usd/jpy.I've loss twice in usd/jpy.Suddenly, I try to minimize the candle..On hourly chart the pattern was likely a mirror.It was recognize when usd/jpy on 109 going to 114.At least 5-6 times in a row i could analyze the usd/jpy target.5-6 times in a week.I admitted it was accidentally recognized and happened.In that 5-6 times trade and analyze i always take a long for usd/jpy.And it happened from 109 level to 114.
Therefore I try to share what i found in usd/jpy last month.It could be happen too on eur/usd if the mirror pattern likely the pattern happened on usd/jpy.
But i need any suggest from u all guys...any guys have any comments, suggests,analyze on eur/usd?

Maribor 22:08 GMT January 3, 2008 Reply   
GBPUSD have reached turn level 1,971; 2,038 still waiting.

Tokyo 22:00 GMT January 3, 2008 Reply   
teddybear,you sound as confident about it all as lilly livered billy balboa on a saturday night with one and a half drink inside him.

Maribor 21:57 GMT January 3, 2008 Reply   
nyc 21:22 GMT January 3, 2008

I expect it will come close to target (which is USDCAD 0,97)again, but may not exceed last low 0,9755. Below 0,98 should be good to accumulate according to my analysis.

Bali teddybear 21:56 GMT January 3, 2008 Reply   
US ADP lower from the previous data..Jobless claims higher from the previous data..how about non farm payroll?would it be lower from the previous and thus give bad impact to usd?well..let's just wait till the time's coming.

1.4800 should be break up today..but the resistance level 1.4785 must be break first..Any people get along with me to buy eur/usd?It is intersting to see daily chart of eur/usd.It's like a mirror..if it happens, there should be level 1.4900 again.It will happen if the 1.4841 level break..

How about you guys?Any opinion on eur/usd?

St. Annaland Bob 21:32 GMT January 3, 2008 Reply   

EUR/SEK below 9.3200 is the key for EUR/USD to be above 15000 ... only me makes analysis and trading 2 week trial demo accounts ;-)

USA Zeus 21:31 GMT January 3, 2008 Reply   
A GBP/USD break of 1.97 is a 5 alarm buy signal

USA Zeus 21:29 GMT January 3, 2008 Reply   
Yes they are on it now. USD LT is best
ST looks like GBP/USD must rise.

Syd 21:28 GMT January 3, 2008 Reply   
Jan. 2 (Bloomberg) -- Inmobiliaria Colonial SA, the Spanish property company that lost 1.87 billion euros ($2.7 billion) in market value in the last two sessions, was suspended from trading in Madrid. Rising borrowing costs and stricter lending conditions caused prices in Spain's residential property market to freeze last year, fueling concern about the level of Colonial's debt. It amounted to 8.93 billion euros, or two-thirds of the value of the company's assets, at the end of September.

Syd 21:25 GMT January 3, 2008 Reply   
Rate cut pressure builds as Bank fears defaults
The Bank of England says credit markets will tighten further, adding more pressure for a rate cut next week
http://business.timesonline.co.uk/tol/business/economics/article3126601.ece

nyc 21:22 GMT January 3, 2008 Reply   
hi maribor do u still see cad/us hitting 103

GENEVA DS 21:08 GMT January 3, 2008 Reply   
Maribor... thanks a lot... do quite agree.... eurchf down 10 percent could happen next 9 month.... so eventually we should just short the POUND against USD at ANY PRICE ! thanks and good luck..

Maribor 21:03 GMT January 3, 2008 Reply   
GENEVA DS 20:41 GMT January 3, 2008

I don't know the best and certainly not for definite time period of 6 months, but USDCAD will be up more than 30% in timeframe of approx. 2 years, also shorting EURCHF will make nice money given 1,48 target...EURSEK also going down nicely next months...

My guess is that USD index will correct ~20 % (up) in next few years, but agains which currency most I have no idea...

philadelphia caba 20:45 GMT January 3, 2008 Reply   
GENEVA DS 20:41 GMT
in my opinion cable has already collapsed..at least against yen, eur & chf...

GENEVA DS 20:41 GMT January 3, 2008 Reply   
What is best currency NOW to buy for next 6 month, especially against the sooner or later collapsing GBP ? Even, if we go to 2.00 or 2.0400 , most strategists want to sell for medium term. Is anybody with me, to go long CHF and short GBP for a move to 2.0000 short term and 1.4000 long term ? thanks for any opinion..... (JUST calculated a GBPUSD at 1.4000 and USDCHF at 1.0000).... gl

USA Zeus 20:41 GMT January 3, 2008 Reply   
Well GBP/USD is a late bloomer. Got the timing wrong on that one. Still all set for a rally. Will hold that view. GBP/JPY looks like it will rise with the tide as well.

The Netherlands Purk 20:36 GMT January 3, 2008 Reply   
SAD that is Parrot man.

The Netherlands Purk 20:35 GMT January 3, 2008 Reply   
AND i am very said that you do not answer my e-mails anymore... but than again, what is in an e-mail but cry fro help....
See ya at 2.0000000000000000000000000000 in gbp.
Well maybe i close earlier...

The Netherlands Purk 20:29 GMT January 3, 2008 Reply   
Paris ib 20:22 GMT January 3, 2008

LOL! Well this is no pre mature entry. This is an entry that is self chosen, and only the chosen ones will mature...

memphis road 20:27 GMT January 3, 2008 Reply   
Dr. Qindex, any view on Eur/jpy plz? thanks.

USA Zeus 20:25 GMT January 3, 2008 Reply   
Syd 20:16 GMT January 3, 2008


I love that story! The media is so worthless. One single trader has now caused misery to millions..As if!!! LOLOLOL

Syd 20:16 GMT January 3, 2008 Reply   
Lone trader 'seeking fame' caused $100-a-barrel oil surge bringing misery for millions of motorists
LINK

The Netherlands Purk 20:16 GMT January 3, 2008 Reply   
Waited long enough now, long gbp/usd. Patience is the name of the game.

Syd 20:08 GMT January 3, 2008 Reply   
What's important is that when I'm 105 I don't want to be thinking, 'I wish I had moved to the other side of the world when I was 102'."
http://www.dailymail.co.uk/pages/live/articles/news/news.html?in_article_id=505881&in_page_id=1770

Quite a New Year's Resolution

isr jweb 19:59 GMT January 3, 2008 Reply   
amman - thanks - exited now. good 4 u!

bilbao pedro 19:25 GMT January 3, 2008 Reply   
wfakhoury, tks mate!!!! keep it up!!!

Amman wfakhoury 19:08 GMT January 3, 2008 Reply   
we can exit now eur.jpy for 161.30 for 18 spicy pips.

Bali teddybear 19:06 GMT January 3, 2008 Reply   
Happy new year all!
eur/usd...1.4781 strong resistance.If that level's break,buy eur/usd.I agree with someone who told 1.4800 to buy eur/usd..the target mightbe 1.4840 or even higher

Amman wfakhoury 18:13 GMT January 3, 2008 Reply   
bilbao pedro 17:35 GMT January 3, 2008
====
short eur.jpy @161.48..short another if rise.

USA Zeus 17:51 GMT January 3, 2008 Reply   
london jas 10:03 GMT January 3, 2008

USA Zeus 02:13 GMT January 3, 2008


Guess not! ..........lol

Yes...It is! Mark 1.9744 as the hedge point and you will see it rise.

bilbao pedro 17:35 GMT January 3, 2008 Reply   
wfakhoury, give me please your spicy reccomendation????

Napoli DC 17:08 GMT January 3, 2008 Reply   
test

Hong Kong Qindex 16:35 GMT January 3, 2008 Reply   
Hong Kong Qindex 09:33 GMT January 3, 2008
EUR/GBP : The daily cycle congested area is projected at 0.7427 - 0.7491. The current expected trading range is 0.7413 - 0.7479.

Hong Kong Qindex 03:51 GMT January 3, 2008
EUR/GBP : the market will consolidate between 0.7402 - 0.7455, eventually it will tackle the range at 0.7488 - 0.7518.

Hong Kong Qindex 09:42 GMT January 3, 2008
GBP/JPY : The daily cycle congested area is projected at 213.56 - 217.10. The current expected trading range is 212.87 - 217.61

Hong Kong Qindex 09:18 GMT January 3, 2008
USD/JPY : The daily cycle congested area is projected at 106.85 - 110.70 and the mid-point reference is 108.77.

Hong Kong Qindex 09:05 GMT January 3, 2008
GBP/USD : The daily cycle congested area is projected at 1.8584 - 1.9803.

Hong Kong Qindex 07:36 GMT January 3, 2008
EUR/USD : The daily congested area is projected at 1.4647 - 1.4786. The market momentum is strong when it is able to trade above 1.4800. Buy on the dips is the preferred trading strategy.
 

Hong Kong Qindex 16:19 GMT January 3, 2008 Reply   
USD/JPY
: Critical Support 108.11

As shown in the monthly cycle projected series the market was able to find some support in the first attempt to test the lower barrier at 108.16 // 108.61*. The market is under pressure when it is below 110.39. Speculative selling pressure will increase again when the market is able to trade below 108.11.

Amman wfakhoury 16:00 GMT January 3, 2008 Reply   
too much spicy pips..available in the market

Makassar Alimin 15:32 GMT January 3, 2008 Reply   
HK Kevin 15:20 GMT January 3, 2008

you are not alone in that lucky matter, wonder if my short usdjpy stop can survive this short squeeze

HK Kevin 15:20 GMT January 3, 2008 Reply   
If I am lucky (though I don't have) enough, EUR may see 1.4660/70 in the next few hrs.

NY Rob 15:04 GMT January 3, 2008 Reply   
bounce in jpy pairs and equities almost complete i think, tomorrow is the day to enter short again

entry would be eurjpy close to 161.80, Dow 13180 still

Como Perrie 14:45 GMT January 3, 2008 Reply   
I'll take a look again later... no big interest in current

HK Kevin 14:44 GMT January 3, 2008 Reply   
Have a feeling today is a reserve day for EUR, be it short term or not. I short at 1.4764, but need to watch today before deciding to stay or run

Como Perrie 14:40 GMT January 3, 2008 Reply   
large term money is at work clearly here..daytraders reassessing

NYC ET 14:30 GMT January 3, 2008 Reply   
Kevin. I get the feeling there are more people sitting on their hands or not back from vacation than diving into the beginning of the year market.

HK Kevin 14:28 GMT January 3, 2008 Reply   
Nearly all members in this forum and all websites I have visited today say BUY BUY EURO, wonder who sell it?

Como Perrie 14:05 GMT January 3, 2008 Reply   
Global-View GVI 13:33 GMT January 3, 2008

Liquidity levels were abnormal now some years :))

hence some normality from time to time to me is more than normal


fwiw quit my usdcad xmas longs bit earlier

St. Annaland Bob 14:05 GMT January 3, 2008 Reply   
Philadelphia Caba 14:04 GMT January 3, 2008

so, sell container of swords to Osaka

Philadelphia Caba 14:04 GMT January 3, 2008 Reply   
..there's a rumor that the Japanese city of Osaka has gone bankrupt...

Makassar Alimin 13:53 GMT January 3, 2008 Reply   
apologise guys, typo 119 should be 109

ftc, not sure, i'll leave it to bigger players to bring it to that level

LA ftc 13:48 GMT January 3, 2008 Reply   
Makassar Alimin 13:46 GMT// i see, thx... hope to see another 118.50 today?

Makassar Alimin 13:46 GMT January 3, 2008 Reply   
LA ftc 13:43 GMT January 3, 2008

108.88 will do for me today, one wild card is tokyo opening tomorrow

LA ftc 13:43 GMT January 3, 2008 Reply   
Makassar Alimin 13:39 GMT// what's your target? tia

Makassar Alimin 13:39 GMT January 3, 2008 Reply   
tried short usdjpy 119.45, stop 119.88, am aware of possible short squeeze coming

Makassar Alimin 13:34 GMT January 3, 2008 Reply   
tokyo ginko 11:00 GMT January 3, 2008

ginko, your level comes earlier than expected 119.51 as I type

Global-View GVI 13:33 GMT January 3, 2008 Reply   
From a member post on GVI:

The liquidity levels are no where near normal! whatever px the mkt is playing against i doubt the normal liquidity will be anywhere near normal for another 10-15 days.FWIW!

Global-View GVI 13:17 GMT January 3, 2008 Reply   
GVI 13:15 GMT January 3, 2008
+40K, last month revised to 173K

Global-View GVI 12:39 GMT January 3, 2008 Reply   
From GVI

GVI Jay 11:43 GMT January 3, 2008
Conspiracy theorists might say someone has a leak on this # (from a RTRS recap in our research section):

Analysts will watch U.S. ADP jobs data at 1315 GMT for clues on the likely outcome of non-farm payrolls on Friday. The ADP report is expected to show that 50,000 new jobs were created in the private sector last month, down from 189,000 in November.

Forecasts ranged widely however, from a job loss of 50,000 to a job gain of 120,000.

madrid mm 12:37 GMT January 3, 2008 Reply   
fwiw

http://www.adpemploymentreport.com/

Philadelphia Caba 12:31 GMT January 3, 2008 Reply   
33k

London TB 12:28 GMT January 3, 2008 Reply   
Does anyone have a forecast for the ADP employment survey?

madrid mm 11:26 GMT January 3, 2008 Reply   
I feel KAMPO, BoJ, FUKUI, MoF and Co could be back with a vengance tomorrow .... Because they must be watching the FX market very closely at the moment...

8-)

slv sam 11:22 GMT January 3, 2008 Reply   
Happy New Year!
Where is KAMPO and Co.? may be PAR can teach us!GT

HK [email protected] 11:00 GMT January 3, 2008 Reply   
hk ab 10:41 GMT January 3, 2008

The ECB has to join the "sell Euro as you can" when will touch 1.5125, but it may push even higher.

tokyo ginko 11:00 GMT January 3, 2008 Reply   
i was short usd/jpy and i covered my position here. (P-T)

I see 118.20-60 bottom range. When Tokyo come back tomorrow, there will be losses cut on the equities market. (NK) resulting in selling of yen..some small technical rebound or retracement, that is where i would re-enter my short usd/jpy poisition for position play. (assuming it will reach my level of 119-40/70 levels)

This short trade is to improve my entry cost for my short usd/jpy medium term position and to pay for my swap points.

Should i miss it..(unable to short again) i will re evaluate a new trading plan for my usd/jpy position.

Makassar Alimin 10:58 GMT January 3, 2008 Reply   
what a way to start the new year, lots of nervous stops to be taken in many markets, best seen so far is in gbp and gold

Tallinn viies 10:53 GMT January 3, 2008 Reply   
1,4755/60 double top under fire...
I guess stop buy orders over1,4775 (over december highs)
fwiw

isr jweb 10:53 GMT January 3, 2008 Reply   
eur/gbp, as mentioned months ago has an agenda of its own, i dont see any reason to short it now, or at any time in the future. i have a gut feeling that the ecb even wants it. so beware.

The Netherlands Purk 10:52 GMT January 3, 2008 Reply   
Patiently waiting for possies in e/u at the end of the range.
range only 70 so it lags, and there is a way up all to 14841..

Philadelphia Caba 10:52 GMT January 3, 2008 Reply   
good morning,

tokyo ginko 10:42
why do you think Tokyo will buy yen?

tokyo ginko 10:50 GMT January 3, 2008 Reply   
add short eur/usd position 1.4747

tokyo ginko 10:42 GMT January 3, 2008 Reply   
close out usd/jpy position here.

will look to short again when Tokyo comes in.

GT all!

hk ab 10:41 GMT January 3, 2008 Reply   
RF, possibly it could touch the nerve of ECB this time?

HK [email protected] 10:37 GMT January 3, 2008 Reply   
decopupling Please READ decoupling

HK [email protected] 10:35 GMT January 3, 2008 Reply   
A factor which may supress appreciation of the CAD is likely unloading of carry trades(yen appreciates too fast) which may take sometime, and that cause the impression of decopupling from oil/gold.
Correct me if I am wrong. But seems that for the time CAD has a reasonable support.

HK [email protected] 10:18 GMT January 3, 2008 Reply   
Lahore FM 10:04 GMT January 3, 2008

I sense that Euro/USD can't be brought down easily. It is just too hard to do so, too many tech. sturctures are supporting it.

Now let us take the observation(today) of Dr. Q that euro is really heading higher which I believe so too, so the CAD will catch up with it. It was wise to buy CAD today though I dont make it a call for people to buy now.

Too many overlapping Euro ret. analysis were on the menue the last few days. It may not materialize, coz many hungry funds are waiting to load it in. So let us see how many days we shall reach to ~1.5125. GL/GT

Lahore FM 10:12 GMT January 3, 2008 Reply   
isr jweb 10:06 GMT January 3, 2008
to you as well jweb,all the seasons greetings and a happy and prosperous new year!

isr jweb 10:06 GMT January 3, 2008 Reply   
seasonal greetings to lahore fm. may u have a successful prosperous year!

NY Trader 10:06 GMT January 3, 2008 Reply   
Thanks FM--great to see you back--

Thanks Dr Qindex--your other views have been very helpful---

GL/GT

Lahore FM 10:04 GMT January 3, 2008 Reply   
Hk [email protected] 09:43 GMT January 3, 2008
Yes RF,your view is similar to mine.i would also like to see a more significant rise in usdcad to complete the decoupling picture.

ny,eurnzd is headed higher for 1.94.

london jas 10:03 GMT January 3, 2008 Reply   
USA Zeus 02:13 GMT January 3, 2008
...........As for today, it is going up 100% for sure. Then I can be 3 of 3 to start off the new year!
Cheers!

Guess not! ..........lol

Hong Kong Qindex 09:58 GMT January 3, 2008 Reply   
NY Trader 09:55 GMT : I havn't prepared the data file for EUR/NZD. There is no commercial order for this one.

NY Trader 09:55 GMT January 3, 2008 Reply   
Dr Qindex,
Could you please post your views on Eur/Nzd?
Thanks a lot for your levels on Usd/Jpy & Gbp/Jpy---
TIA,

Hong Kong Qindex 09:49 GMT January 3, 2008 Reply   
EUR/JPY : The daily cycle congested area is projected at 158.20 - 162.26 and the mid-point reference is 160.23.

Hk [email protected] 09:43 GMT January 3, 2008 Reply   
Lahore FM 09:31 GMT January 3, 2008

In other words the CAD has decoupled from the oil/gold pair and may consider other factors like deficit with the US. Or maybe would like to couple with the Euro?

This story of the "decoupling" was going around since the morning, yet the market did not sell the CAD to any significant extent, not at least to the one I expected this morning(above 1.00).
Yet Tech show 0.9980 may be on the menue. And there are many traders who would dearly love to place this currency in their portfolio.

Hong Kong Qindex 09:42 GMT January 3, 2008 Reply   
GBP/JPY : The daily cycle congested area is projected at 213.56 - 217.10. The current expected trading range is 212.87 - 217.61

Hong Kong Qindex 09:33 GMT January 3, 2008 Reply   
EUR/GBP : The daily cycle congested area is projected at 0.7427 - 0.7491. The current expected trading range is 0.7413 - 0.7479.

Lahore FM 09:33 GMT January 3, 2008 Reply   
rather bearish for audusd and bullish for usdcad.my mistake!

Lahore FM 09:31 GMT January 3, 2008 Reply   
strong gold prices and higher oil is not much help with strengthening jpy for audusd and usdcad.this can be twice bearish for the said pairs.

Hong Kong Qindex 09:18 GMT January 3, 2008 Reply   
USD/JPY : The daily cycle congested area is projected at 106.85 - 110.70 and the mid-point reference is 108.77.

Hong Kong Qindex 09:05 GMT January 3, 2008 Reply   
GBP/USD : The daily cycle congested area is projected at 1.8584 - 1.9803.

Mumbai NS 09:05 GMT January 3, 2008 Reply   
Worse is trying to catch a falling knife

The Netherlands Purk 09:04 GMT January 3, 2008 Reply   
And is called stophunting the previous lows...

Hong Kong Qindex 08:54 GMT January 3, 2008 Reply   
GBP/USD : The market is under pressure when it is trading below 1.9763.

Hong Kong Qindex 07:36 GMT January 3, 2008 Reply   
EUR/USD : The daily congested area is projected at 1.4647 - 1.4786. The market momentum is strong when it is able to trade above 1.4800. Buy on the dips is the preferred trading strategy.

madrid mm 07:08 GMT January 3, 2008 Reply   
Lone trader breaks the $100 barrier-

With a single small deal, an independent trader yesterday secured his place in market history by pushing oil prices briefly to the unprecedented level of $100 a barrel, writes Javier Blas.FT.com

The question is - will he be alone for long or only a short time ? 8-)

Singapore Rompy 07:07 GMT January 3, 2008 Reply   
testing

madrid mm 07:04 GMT January 3, 2008 Reply   
Have a gr8 day and may the force be with you.

" Change is inevitable, except from a vending machine."

8-)

madrid mm 07:01 GMT January 3, 2008 Reply   
Hong Kong Qindex

What is your daily analysis for EURO/USD$ please ?

Thanks in advance

madrid mm 06:59 GMT January 3, 2008 Reply   
* Outgoing BoC Governor David Dodge, says CAD may be slightly above its historical norms, but nevertheless the general appreciation is on balance warranted by terms of trade.

* UK Times: Prices at the higher end of London's property market, thought to have been largely immune to recent ructions in the wider industry, have suffered their first quarterly decline since 2003. Savills, the estate agent, has revealed that the price of prime property - valued at more than GBP1m - had fallen by 2% in the last three months of 2007.

* FT: With a single small deal, an independent trader on Wednesday secured his place in market history by pushing oil prices briefly to the unprecedented level of $100 a barrel. Insiders named the trader as Richard Arens.

* PBoC sets USD/CNY mid point at new lows of 7.2775, down from yesterday's closing of 7.2934. It hit new lows of 7.2724.

* Separately, China has promoted Yi Gang and Ma Delun as Vice Governors. Wu Xiaoling, fmr PBoC Vice Gov has stepped down.

* WSJ: Oil's Surge Reshapes the World Boom Cuts U.S. Clout, Revives Middle East; Dark Days for Detroit: The surging price of oil, from just over $10 a barrel a decade ago to $100 yesterday, is altering the wealth and influence of nations and industries around the world.

* Indonesia OPEC Governor Maizar Rahman says OPEC may increase oil output at Feb 1 meeting if the supply is not sufficient. Sees oil heading toward $100-110 level. - Reuters.

* UK Independent: Nasdaq and Borse Dubai subsequently came to an agreement that the latter's bid for OMX should stand. Once completed, Dubai will hand over the OMX shares to Nasdaq to complete the original merger, and in return will receive a 19.9% stake in the combined company. The bid values OMX at $4.9bn.

* Choppy trading day on Day 2 trading of 2008, as markets remain nervous after the US stocks, Cross/JPY selloff on weak ISM.

* USD/JPY dipped toward NY's 5-wk low of 119.22 from 119.70, EUR/JPY to fresh 5-wk lows below 161 handle to 160.81, low since Nov 28, on back of Eurozone EUR14.6b coupons, 15.79b redemption, mostly from Germany, due tom, on expectation of JPY repatriation, in thin markets with Japan reopening tomorrow, though "Full" force of Japanese traders only back next wk 7 Jan.

USD/JPY then recovered from 119.25 lows, edging up to 109.65-70, but sentiment remains a touch heavy, with offers ahead of key 100, and Cross/JPY still under some pressure. EUR/JPY rebound above 161 to 161.30 from 160.81.

EUR dipped to 1.4699 fm 1.4720 on US inv houses sales, but real money demand blw, stops 1.4755. GBP heavy blw 1.99 as EUR/GBP bask in record highs, but GBP/JPY off 16-m low 216.40.

AUD hit 3-wk high, helped by record high Oil and Gold, while EUR/SEK 9.4200, USD/SEK could see downside on final OMX deal.

Nikkei and JGB markets are closed for New Year holidays till Thursday, and will resume on Friday, 4 January.

Crude remains firm, after hitting $100- only 1 trade, now at $99.36.

Gold hit all time highs of $861.10, surpassing the Jan 80's $850, now at $856.50/ 857.50.

madrid mm 06:54 GMT January 3, 2008 Reply   
hola and GM FX Jedi
8-)

The Netherlands Purk 06:54 GMT January 3, 2008 Reply   
Yesties range around 160. Pips missed around 15 tot the top. Am i losing it?
The yen show is not over so watch it. Interest is in buying cables near the low or not at all, and selling e/u near the high.
Market gives us chances in both directions but is not fit for LT profit, only for ST ers.
Happy everything!

Maribor 06:45 GMT January 3, 2008 Reply   
GBPCHF next station ~2,243.

Mumbai NS 05:37 GMT January 3, 2008 Reply   
Bay gud one to u too mate all the best for the new year may u make gud money although i know for a trader it's never enuf gud trades glgt

USA BAY 05:35 GMT January 3, 2008 Reply   
MUMBAI NS,

HI NS, Happy New Year, agree with the gbp/jpy 190 target.

Mumbai NS 05:17 GMT January 3, 2008 Reply   
Rob in fact if u observe carefully the brilliant man on the forum Dr Q has given a wonderful call to sell GBPCHF i think on any rally that's worth shorting it's got gud downside potential but feel selling rallies is better than selling lows gl gt

NY Rob 05:06 GMT January 3, 2008 Reply   
Mumbai NS 04:30 GMT January 3, 2008

share same view with you, as far as i can see buying jpy is the game plan from now on

Mumbai NS 04:30 GMT January 3, 2008 Reply   
G/j may rise on short term but imho is a gud opportunity to short as on medium term it is heading towards 190 so be careful on buying put stops gl gt

USA Zeus 04:22 GMT January 3, 2008 Reply   
Looks like crude oil will shoot past $100 as previously posted.

USA Zeus 04:17 GMT January 3, 2008 Reply   
Not one I trade but GBP/JPY looks poised to rise with the tide.

Hong Kong Qindex 03:51 GMT January 3, 2008 Reply   
EUR/GBP : the market will consolidate between 0.7402 - 0.7455, eventually it will tackle the range at 0.7488 - 0.7518.

USA BAY 03:44 GMT January 3, 2008 Reply   
HONG KONG QINDEX,

DR Q, Could you kindly share your bias for eur/gbp and the targeting levels to watch out. Tia

cleburne tx.usa 03:37 GMT January 3, 2008 Reply   
Thankyou........Hong Kong

Hong Kong Qindex 03:32 GMT January 3, 2008 Reply   
cleburne tx.usa 02:51 GMT - The market is going to test the supporting strength of the barrier at 1.1028 // 1.1139.

NY Rob 03:08 GMT January 3, 2008 Reply   
jpy pairs could be in the process of making rebounds to sell into, and assuming relationship still hold then same for Dow anything close to 13180 will be good for 12500-12600 and then 11900, stop should be above 13300

HK [email protected] 02:55 GMT January 3, 2008 Reply   
EURO 1.4570-1.4600 should be watched. If that shows signs of strong support, that is where the correcting decline may end.




cleburne tx.usa 02:51 GMT January 3, 2008 Reply   
where usd/chf going be now,(I'm newbie)

Hong Kong Qindex 02:46 GMT January 3, 2008 Reply   
GBP/CHF : 2.2063 is not a very good support and eventually the downward trending momentum will tackle the barrier at 2.1526 // 2.1814 later this month.


Hong Kong Qindex 15:32 GMT January 2, 2008
GBP/CHF : The market will tackle 2.2063 - 1.2173

HK [email protected] 02:33 GMT January 3, 2008 Reply   
USD/CAD Temporary weakness may go on where price drop may extend above 1.00 or even 1.01.

Geneva 02:27 GMT January 3, 2008 Reply   
Happy new year to all.
I am still in the US for end of the year vacation, and can tell you it is so cheap!

I think the year big move will be EuroJpy, a move to below 140. I will keep sell eurousd on the rally.

GL

USA Zeus 02:13 GMT January 3, 2008 Reply   
pittsburgh pa 00:23 GMT January 3, 2008

Sorry, really don't know that pa. There are others who predict time and price. I just trade the flows wherever it goes.

As for today, it is going up 100% for sure. Then I can be 3 of 3 to start off the new year!

Cheers!

Syd 02:11 GMT January 3, 2008 Reply   
isr jweb 01:58 GMT thank you and you too :-))

isr jweb 01:58 GMT January 3, 2008 Reply   
hi syd. nice to see u back. may you have a prosperous year

Syd 01:55 GMT January 3, 2008 Reply   
AUD/USD drops on JPY-cross selling, weakening AUD, but bigger risk remains global economic outlook, says Bank of New Zealand's Danica Hampton. Adds weakening U.S. economy will undermine decoupling theory, weighing on high yielders. Also says "next week we'll see more action", as traders return, selling AUD, NZD. Notes euro-zone coupons being repatriated weighing on AUD/JPY, pushing JPY-cross selling

Hk [email protected] 01:49 GMT January 3, 2008 Reply   
Seattle AW 21:35 GMT January 2, 2008

Indeed the Cad looks a sure win-win.

HK [email protected] 01:46 GMT January 3, 2008 Reply   
Tallinn viies 23:13 GMT January 2, 2008

Worry not ! There is a very big year end sideline smart money which wants to buy Euro at lower price for 1.5125 target. So because every one is so smart thecorrection if may happen may be shallow hehe.
Some volatility at this level and an upmove later.

philadelphia caba 01:01 GMT January 3, 2008 Reply   
Dennis & ginko, thnx... can be interesting...

tokyo ginko 00:49 GMT January 3, 2008 Reply   
tokyo back on 4th Friday

pittsburgh pa 00:23 GMT January 3, 2008 Reply   
USA Zeus 23:59 GMT January 2, 2008

Where are you looking to see the gbp/usd in the next 2 weeks?

Seattle AW 00:22 GMT January 3, 2008 Reply   
Cdn dollar lost ground today vs USD despite strongly trending up see this as great buy opportunity US dollar did not gain vs cdn today as posted just now

Bon Air VA Dennis 00:10 GMT January 3, 2008 Reply   
philadelphia caba 23:53

I believe tomorrow is when Tokyo returns

 




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