Forex Forum Archive for 01/07/2008

London NYAM 23:11 GMT January 7, 2008 Reply   
:) consider it crushed! off to bed for me so i pass it on to you Z.

USA Zeus 22:58 GMT January 7, 2008 Reply   
London NYAM 22:54 GMT January 7, 2008

Agree 100% and already jumped on board some bit ago. Let's crush it! :-)

London NYAM 22:54 GMT January 7, 2008 Reply   
USA Zeus 22:47 GMT January 7, 2008
Hi Z. My proviso is that 108.90 stays uncut. But i am long. :)

USA Zeus 22:47 GMT January 7, 2008 Reply   
London NYAM 21:14 GMT January 7, 2008

Indeed NYAM. A big Zeus wave impulse thundercrack!

Syd 21:47 GMT January 7, 2008 Reply   
The White House has told Iran that it risked provoking "a dangerous incident" after a weekend skirmish brought the two nations to the brink of conflict
A transcript of the radio traffic revealed that the Iranians had warned the US commanders that an attack was underway: "I am coming at you. You will explode in a couple of minutes."

LINK

Syd 21:19 GMT January 7, 2008 Reply   
AUD/USD bouncing back from early session lows on positive end on Wall Street, but set for mixed session as bigger picture remains U.S. economy, says Macquarie strategist Joanne Masters. Notes news from U.S. "won't get any better", weighing on high yielders. Says, "AUD looks a little bit soggy," but could touch 0.8750 if buildings approvals data due 0030 GMT surprise on upside. Adds any gains will soon be sold off; AUD/USD resistance at 0.8750, with support at 0.8650. Macquarie

London NYAM 21:14 GMT January 7, 2008 Reply   
watch out for a big wave pushing usdjpy into the mid 110.xx. im off good luck.

Napoli DC 21:09 GMT January 7, 2008 Reply   
no Omnie
the disaster is still there, streets are full of dirt, now it's almost two weeks it's not withdrawn.
i've never seen anything like this before

Paramaribo Ommie 21:06 GMT January 7, 2008 Reply   
Napoli DC 21:04 GMT January 7, 2008

did the Italian army manage to clean the city?

Napoli DC 21:04 GMT January 7, 2008 Reply   
dc cb
it's almost five years mr Rosenberg is calling for recession in the USA.
Sooner or later he'll be right

London NYAM 21:03 GMT January 7, 2008 Reply   
the move down in usdjpy from 109.72 was not impulsive. expext a break of 109.72 now as corrective sequence doesnt appear complete.

London NYAM 20:48 GMT January 7, 2008 Reply   
closed cadjpy inside trade from 108.62 here at 108.26 hlding other one with be stop. closed all other long jpy crosses.

Livingston nh 20:28 GMT January 7, 2008 Reply   
dc cb- post industrial service based economies don't respond like the ML folks are used to - screaming "fire" in a crowded theater is a "no-no"

dc CB 20:07 GMT January 7, 2008 Reply   
US recession is already here, warns Merrill - Daily Telegraph

Daily Telegraph reports the US has entered its first full-blown economic recession in 16 years, according to investment bank Merrill Lynch. David Rosenberg, the bank's chief North American economist, argues that a weakening employment picture and declining retail sales signal the economy has tipped into its first month of recession. Mr Rosenberg, who is well-respected on Wall Street, argues: "According to our analysis, this [recession] isn't even a forecast any more but is a present day reality." Mr Rosenberg points to a whole batch of negative data to support his analysis, including the four key barometers used by the National Bureau of Economic Research - employment, real personal income, industrial production, and real sales activity in retail and manufacturing... although the NEBR will be the final arbiter of any recession, such confirmation may be two years away as it typically waits for conclusive evidence including benchmark revisions. However, he believes that all four of these barometers "seem to have peaked around the Nov-Dec period, strongly suggesting that we are actually into the first month of a recession."

London NYAM 19:58 GMT January 7, 2008 Reply   
http://www.guardian.co.uk/business/2008/jan/07/economy.sterlingrate
Keep in mind he doesnt trade for a living. Its just a way of seeing how far the negativity in sterling is starting to spread. Usually a potential contrarian indicator. (Talking mon livre).

Andorra pipand 19:50 GMT January 7, 2008 Reply   
Is he sure? (Sorry)

Andorra pipand 19:49 GMT January 7, 2008 Reply   
In dollars? Is he you sure?

London NYAM 19:44 GMT January 7, 2008 Reply   
Today's Guardian: The closest thing to a sure bet in the Financial makets is the downtrend in sterling...(apparently). 75 year old friend of my mother call panicking.."Should i change my pounds into Euros and dollars?!!"

Napoli DC 18:53 GMT January 7, 2008 Reply   
DJ Peru's Central Bank Intervenes To Buy $15 Mln

WOW

FLORIDA GB 18:25 GMT January 7, 2008 Reply   
Amman wfakhoury
Thank you.

madrid mm 18:22 GMT January 7, 2008 Reply   
fwiw
1/
January issue of Currency Trader magazine - Click here!

2/
January issue of Futures & Options Trader magazine - Click here!

Amman wfakhoury 18:10 GMT January 7, 2008 Reply   
Amman wfakhoury 06:30 GMT January 7, 2008
gbp/usd
====
at 19690 and
19650 is the turning point to up again.buy at that level and buy another if decline.

Amman wfakhoury 18:08 GMT January 7, 2008 Reply   
FLORIDA GB 18:02 GMT January 7, 2008
=====
that was for gbp.usd

FLORIDA GB 18:02 GMT January 7, 2008 Reply   
Amman
Hello Amman, what are we selling.?

London NYAM 17:42 GMT January 7, 2008 Reply   
It used to be that when the equities rallied USDJPY followed in lock step. I wonder now if the "carry" correlation will move through the other currencies instead and have a more limited USDJPY effect?

Amman wfakhoury 17:36 GMT January 7, 2008 Reply   
Amman wfakhoury 08:12 GMT January 7, 2008
Canada NN 08:04 GMT January 7, 2008
=====
sell level confirmed...
exit and sell at higher level. or sell another if rise
=======
that was the strategy of the day...just sell at higher level..or sell another if rise..whom follow this made good profit.

Maribor 17:33 GMT January 7, 2008 Reply   
GBPCHF if it get above 2,2050, target may be 2,249 or 2,294.

madrid mm 17:15 GMT January 7, 2008 Reply   
LOL 8-)

London NYAM 17:15 GMT January 7, 2008 Reply   
EURGBP critical support .7442/47 (using 2-4 trend line from hourlies).

London NYAM 17:11 GMT January 7, 2008 Reply   
Mine is starting to look like Borat's...Ive got 6 positions im trying to keep track of...
Best to wear a wet suit instread. (Can't think of any clever analogy). Sorry FF no more silly nonsense from me (today).

St. Annaland Bob 17:07 GMT January 7, 2008 Reply   
Canada sv 16:34 GMT January 7, 2008

you can watch it on YouTube !!! ... that Mother/Sister of yours do the tones very well, hats off!!!

madrid mm 17:07 GMT January 7, 2008 Reply   
NYAm, we need to wear tight speedo , like in the movie Meet the Parents starring Robert De Niro and Ben Stiller.

8-)

London NYAM 17:04 GMT January 7, 2008 Reply   
mm//Surf is definitely up today. Just hope we get on the right side of the Big-ones to come while paddling around in these little-'uns.

madrid mm 17:00 GMT January 7, 2008 Reply   
it must be funny in the trading rooms all over the world !!!
1 moment it is - buy buy buy buy
the next moment it is - sell sell sell sell
and then back to - buy buy buy buy
and then sell sell sell....etc

LOL
I am becoming seasick 8-(0

So many waves NYAM , so little time !!!

LOL

London NYAM 16:56 GMT January 7, 2008 Reply   
added half position to cadjpy herea t 108.61 stop for that (inside) pos at 108.83

USA Skeptic 16:44 GMT January 7, 2008 Reply   
Lagos 16:35 GMT January 7, 2008

Scammer! 100 pis in 15 secs? Yo' mama.

LA BFL 16:43 GMT January 7, 2008 Reply   
You should definitely be okay with about 100 pips in just about 15 seconds.

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

LOL, what pair is that?

Canada sv 16:34 GMT January 7, 2008 Reply   
USA Zeus 16:26 GMT January 7, 2008
Speaking of which, he has just been made employee of the month at the Amsterdam KFC...

London NYAM 16:34 GMT January 7, 2008 Reply   
longed GBPUSD 1.9689 Stop 1.9590

Seattle AW 16:33 GMT January 7, 2008 Reply   
Is there some concensus that the Dems would try to pay off the defecit and balance the budget, causing a larger cashflow crunch, massive rate increases and strengthening USD? Is the lack of a viable Rep candidate causing the support?

USA Zeus 16:26 GMT January 7, 2008 Reply   
St. Annaland Bob 15:15 GMT January 7, 2008

No idea what you are talking about as usual. Must be all that lead in your rubber chicken operation.

hk ab 15:05 GMT January 7, 2008
Looks lower imo if/when 852 is broken on the nearest contract.

London NYAM 16:20 GMT January 7, 2008 Reply   
Longing CHFJPY .9763 STOP .9727 Target above .9850

london carl 16:14 GMT January 7, 2008 Reply   
4HR 50ema GBP/$ 19811 - note 50ema was res for the spike high after NFP. Have order to short at this level

Makassar Alimin 16:12 GMT January 7, 2008 Reply   
HK Kevin 16:02 GMT January 7, 2008

thanks Kevin, is that based upon analysing 4-hr chart?
might not see it though if 1.97 losing ground tonight

HK Kevin 16:02 GMT January 7, 2008 Reply   
Makassar Alimin 15:48 GMT, regarding your posts on Cable this Aisan morning, I see it is going to test 1.9840-80 tomorrow. Looking to sell at these levels.

HK Kevin 15:54 GMT January 7, 2008 Reply   
Makassar Alimin 15:48 GMT, better stay sidelined if market don't move with what I expected. Lucky still on mys side as I have closed the short AUD/JPY last Fri night before going to bed

London NYAM 15:50 GMT January 7, 2008 Reply   
london carl 15:45// Thanks Carl then at least i played a role in returning the favor for last week ;)
Incidentaly out of long EURUSD here at from earlier today for some pippage but i think with EURGBP on the move again there will be another cheaper chance to get on the Eur-train (fingers crossed). Lowering stop on CADJPY to 108.99

Makassar Alimin 15:48 GMT January 7, 2008 Reply   
HK Kevin 15:43 GMT January 7, 2008

Kevin, maybe a bit more patience is needed but still a very good trade honestly, well done :)

london carl 15:45 GMT January 7, 2008 Reply   
Nyam - excellent call on CAD/YEN earlier today - I dont know much about this pair, but made a few shillings on your call - so I thank you sir

HK Kevin 15:43 GMT January 7, 2008 Reply   
Closed my short AUD 0.8740 from last Fri earlier at 0.8708. No further downmove this Asian morning has made me very disappointed

London NYAM 15:30 GMT January 7, 2008 Reply   
1403/4 Break in S&P Could accelerate the sell off.

London NYAM 15:20 GMT January 7, 2008 Reply   
Some indications growing that we are starting the move to back to 107.xx in USDJPY. T/L breaks on s/t charts CADJPY, GBPJPY...

St. Annaland Bob 15:15 GMT January 7, 2008 Reply   
USA Zeus 15:05 GMT January 7, 2008

promises, promises ... you just pimp up new Republican to the WH

hk ab 15:05 GMT January 7, 2008 Reply   
zeus, more hints pls. and do u have any view on gold?

USA Zeus 15:05 GMT January 7, 2008 Reply   
Big move for the majors to begin within 48 hrs.

The theme for 2008 will be "volatility" and lots of it.

Vail MC 14:43 GMT January 7, 2008 Reply   
Long EUR 1.4721, stop 1.4648. Limit 1.4815

hk ab 14:41 GMT January 7, 2008 Reply   
seems gold has affiliated with the yen, and following the yen closeLY.....

Maribor 13:24 GMT January 7, 2008 Reply   
Bob, agree with shorting CZK(buying EURCZK), however I do not expect big move.

St. Annaland Bob 12:58 GMT January 7, 2008 Reply   

during 2008 shorting CZK will be one of these closed eyes trades ... FWIW

Makassar Alimin 12:54 GMT January 7, 2008 Reply   
closed euro long at 1.4708, 27 pips are good enough on a slow day like this

Maribor 12:47 GMT January 7, 2008 Reply   
Cable is heading higher, possible targets are (also) 1,987 and 2,005(or I am wrong). Will take some time.

Maribor 12:07 GMT January 7, 2008 Reply   
Now have to see what happens at 1,9718...is there a clue?

KL FS 12:01 GMT January 7, 2008 Reply   
looks like gbpusd is trying to form a base for upside bias later this week

Amman wfakhoury 11:54 GMT January 7, 2008 Reply   
CORRECTION

15-20 spicy pips from buying gbp.usd at 19733.

Amman wfakhoury 11:53 GMT January 7, 2008 Reply   
15-120 spicy pips buy gbp.usd 19733.

Makassar Alimin 11:39 GMT January 7, 2008 Reply   
once 1.47 hit again, stop will be moved to BE, playing tight range today for euro

madrid mm 11:27 GMT January 7, 2008 Reply   
GVI john + London NYAM

gracias muchachos

8-)

Maribor 11:18 GMT January 7, 2008 Reply   
Nice behavior on cable so far...can we get 1,9696 again?

GVI john 11:14 GMT January 7, 2008 Reply   
The Global-View servers are in Northern California. Jay and I are on the east coast of the U.S. Northern California has been hit by severe storms in the past week resulting in widespread power outages etc. These outages have impacted internet communications with the region for some (including us). Depending on your path in you may or may not be having problems accessing global-view. All we can do is wait for communications in and out of the area to be sorted out. Its better today than it was on Sunday.

London NYAM 11:12 GMT January 7, 2008 Reply   
sold cadjpy 109.23 stop 109.51 target sub 107.80

London NYAM 11:08 GMT January 7, 2008 Reply   
That last message was meant for my friend mm.

London NYAM 11:06 GMT January 7, 2008 Reply   
I was getting it al weekend but it was not GVs fault but something to do with 'the internet' (trying not to sound lik ethe uni-bomber - can i say bomb?)

Makassar Alimin 11:04 GMT January 7, 2008 Reply   
bought euro 1.4681, stop 1.4637

madrid mm 11:01 GMT January 7, 2008 Reply   
hello, was i the only one not to be able to log in all this am on the forum ? I would like to know if it is coming from GVI or my ISP.
Thnx

Amman wfakhoury 10:56 GMT January 7, 2008 Reply   
Canada NN 08:40 GMT January 7, 2008
Maribor 08:32 GMT January 7, 2008
how come suddenly all currencies rebound a lot? buddy any news? I didn't take profit when GPB is 1.9660!!!

====
i advised u to exit and sell at higher price..you said..he he.

Canada NN 10:46 GMT January 7, 2008 Reply   
Maribor 10:39 GMT January 7, 2008
another short GBP @ 1.9750

Maribor 10:39 GMT January 7, 2008 Reply   
GBPUSD 1,9696 done, shall try again 1,973x.

KL FS 09:46 GMT January 7, 2008 Reply   
stop to BE now for audusd long from 0.8728, still eyeing 0.8808

Maribor 09:17 GMT January 7, 2008 Reply   
GBPUSD missed by 3 pips(so far ?)...if we don't get 1,9696 soon, next target could be 1,9764.

Alaska Moon 09:06 GMT January 7, 2008 Reply   
Canada NN 09:02 GMT January 7, 2008
=======
Yes....Just watch the action every trading day/night......
Eur opening at 07.00 gmt and london at 8...You will see the action allmost every day.....Sometimes GBP flies up and down several pips...sometime only goes one way.....
Moon

London NYAM 09:03 GMT January 7, 2008 Reply   
t/p and reversed to a long eurusd 1.4692. There might be more but id rather start the longs in.

Canada NN 09:02 GMT January 7, 2008 Reply   
Maribor 08:46 GMT January 7, 2008
2.038? You are very positive.

Alaska Moon 08:45 GMT January 7, 2008
This is a good lesson for me, fundamental is no use sometimes.

YVR MAXXIM 08:43 GMT January 7, 2008
collusion & collision? What does it mean?

Maribor 08:46 GMT January 7, 2008 Reply   
NN, I don't follow news...and this rebound is so far just noise. If we reach 1,9738, get minimal correction and go again up, than I'll start to think we are going up (much) further. Still think 2,038 is valid target.

Alaska Moon 08:45 GMT January 7, 2008 Reply   
Canada NN 08:40 GMT January 7, 2008
=======
I like to call movements at this time of the day.....
"London opening head fakes !!"
Moon

YVR MAXXIM 08:43 GMT January 7, 2008 Reply   
Canada NN 08:40 GMT January 7, 2008

collusion & collision

Canada NN 08:40 GMT January 7, 2008 Reply   
Maribor 08:32 GMT January 7, 2008
how come suddenly all currencies rebound a lot? buddy any news? I didn't take profit when GPB is 1.9660!!!

Maribor 08:32 GMT January 7, 2008 Reply   
Take profit level GBPUSD 1,9738, than evaluate.

Hong Kong Qindex 08:25 GMT January 7, 2008 Reply   
Gold : The market is going to test the supporting strength of 851.9. The current expected trading range is 837.4 - 870.6.

Canada NN 08:17 GMT January 7, 2008 Reply   
Maribor 08:05 GMT January 7, 2008
no problem. actually, just want to share is GBP is prefer short rather than long. It has the same problem as USD, no hope. If you can make money in GBP, just by luck.

hk ab 08:13 GMT January 7, 2008 Reply   
dr. Q would u mind commenting on gold?

Amman wfakhoury 08:12 GMT January 7, 2008 Reply   
Canada NN 08:04 GMT January 7, 2008
=====
sell level confirmed...
exit and sell at higher level. or sell another if rise

Maribor 08:05 GMT January 7, 2008 Reply   
Canada NN 08:02 GMT January 7, 2008

I may be wrong, however the day has not ended yet.

Canada NN 08:04 GMT January 7, 2008 Reply   
Amman wfakhoury 07:22 GMT January 7, 2008
hehe, I am shorting GBP @ 1.9710. Hope no rebound.

Canada NN 08:02 GMT January 7, 2008 Reply   
Maribor 07:37 GMT January 7, 2008
GBP just tested the 1.9675. Fly to the bottom is true.

tokyo ginko 08:00 GMT January 7, 2008 Reply   
anyone see eur/usd test 1.4550/70 this week ?

Hong Kong Qindex 07:55 GMT January 7, 2008 Reply   
GBP/USD : The market is trying to penetrate through the barriers at 1.96630 and 1.9661

Maribor 07:45 GMT January 7, 2008 Reply   
Seattle AW 07:29 GMT January 7, 2008

In my analysis USDCAD goes to 1,35 in next few years and I see only 0,97 as possible strengh of USDCAD. Trends are not there to tell the future, they are only history...

Maribor 07:37 GMT January 7, 2008 Reply   
GBPUSD to fly after 1,9678 done, AUD going to ~0,841.

Seattle AW 07:29 GMT January 7, 2008 Reply   
Any ideas on what might have caused CAD to lose so much ground since it peaked vs. both the EUR and USD in early November? What caused it to peak to strongly then anyhow? Will it simply bounce back and test a new low? (check out the 3-10 year trend of strengthening CAD ) Please advise!

Amman wfakhoury 07:22 GMT January 7, 2008 Reply   
Canada NN 07:09 GMT January 7, 2008
Amman wfakhoury I am shorting GBP

short level if breaks 19665 tp19640-19600.

Amman wfakhoury 07:15 GMT January 7, 2008 Reply   
Canada NN 07:09 GMT January 7, 2008
=====
this was my midterm prediction for gbp.usd ,will rebound around 19650 .but for today it will be sideways between levels
19665 and 19760.

Canada NN 07:09 GMT January 7, 2008 Reply   
Amman wfakhoury 06:30 GMT January 7, 2008?
You think GBP has chance to rebound? Downside risk is more than upside. May I know your target? I am shorting GBP

Amman wfakhoury 06:30 GMT January 7, 2008 Reply   
gbp/usd
====
at 19690 and
19650 is the turning point to up again.buy at that level and buy another if decline.

Amman wfakhoury 06:27 GMT January 7, 2008 Reply   
gbp.jpy
====
is now 214.50
new carry trade session will start @ level 212.00-213.00

Amman wfakhoury 06:25 GMT January 7, 2008 Reply   

EUR/USD
=======
is now 14720 heading twd 14990 then will start reverse.

KL FS 04:51 GMT January 7, 2008 Reply   
time to go long audusd 0.8728 stop under today's low, hopefully can see 0.8808

Syd 04:21 GMT January 7, 2008 Reply   
The New Zealand dollar ended lower Monday as fears about the global growth outlook following weak U.S. data outweighed some modest early demand for high-yielding currencies.

The Kiwi traded around a high of US$0.7750 Friday night after weaker-than-expected U.S. jobs data saw the U.S. dollar fall, but then pulled back as traders retreated from riskier assets tied to world growth.

The data raised expectations of a further rate cut by the U.S. Federal Reserve this month as well as fears of recession in the world's largest economy - a negative for high yielding currencies like the Kiwi.

"The uncertain global picture suggests that further gains in the New Zealand dollar will continue to be a struggle, and it remains vulnerable to sharp dips lower," said Westpac currency strategist Michael Gordon.

LA BFL 04:18 GMT January 7, 2008 Reply   
hi fm .. long time no see your comment on forum
You are talking about all crosses.
Do you have any view on major pairs like euro, cable?
Thank u

Lahore FM 04:04 GMT January 7, 2008 Reply   
the present levels for cadjpy,audjpy and nzdjpy will keep pressing cad,aud and nzd lower against usd as well.little room for any strength for commodity trio.carry unwind one way or the other is the theme for the first full week of trading this new year.

HK [email protected] 03:57 GMT January 7, 2008 Reply   
Canada NN 02:52 GMT January 7, 2008
HK [email protected] 02:08 GMT January 7, 2008
JPY oversold? or overbought?

Sorry; Should read overbought. You are right.

Syd 03:52 GMT January 7, 2008 Reply   
NZD/USD pullback likely in part down to weak December sales report released by Auckland real estate company Barfoot & Thompson, says ANZ foreign exchange manager Murray Hindley; report showed sales numbers of 495 for month, down more than a third on same month year ago, while company also said it expects sales volumes to settle at current levels, signaling weakness in NZ housing market. "I think that's triggered off some offshore selling to be honest with you. It was released about when that selling began."

Canada NN 02:52 GMT January 7, 2008 Reply   
HK [email protected] 02:08 GMT January 7, 2008
JPY oversold? or overbought?

HK [email protected] 02:08 GMT January 7, 2008 Reply   
Yen looks oversold(at least for the short term ), just an opportunity for some carry trades again.

Hong Kong Qindex 01:34 GMT January 7, 2008 Reply   
EUR/USD : We may have seen the monthly cycle high at 1.4825

Hong Kong Qindex 01:33 GMT January 7, 2008 Reply   
EUR/USD : We may have sen the monthly cycle high at 1.4825.

Hong Kong Qindex 01:31 GMT January 7, 2008 Reply   
EUR/USD : My bias is on the downside.