Forex Forum Archive for 01/08/2008

USA BAY 23:58 GMT January 8, 2008 Reply   
LONDON NYAM,

Hey Nyam, whats "bay et vu"?

Have not sold usd/cad. looking for a bit higher to sell. By the way followed your call on gbp/jpy long yesterday, and made some good pips. Took a small position of shorting it at 217.05 and closed for 112 pips. Will join you soon with usd/cad short.

Are you still bearish eur/gbp. I feel eur/usd will test 1.4530 area before 1.51. Pls feel free to comment. Thanks a lot for sharing. Gt/Gl

London NYAM 23:56 GMT January 8, 2008 Reply   
sp//The Pip Ranger would have loved todays action. unfortunately he chickened (one of bob's?) out when i tried to invite myself to amsterdam. :( I guess he thought i would get him arrested.

London sp 23:42 GMT January 8, 2008 Reply   
Whatever happend to Purky the Lone Ranger?.....either he is trying to find Tonto or getting ready for Nyams supermarket and window shopping Amsterdam tour...lol...

PAR 23:17 GMT January 8, 2008 Reply   
Strange enough Kampo and Japanese housewives keep buying USDJPY whatever happens to Angelo and the US housing market .

London NYAM 23:16 GMT January 8, 2008 Reply   
bay et vu? share the wealth.
sold usdcad 1.00555 stop 1.0076 limit sell 1.0130-50 target .98-.99

dc CB 23:07 GMT January 8, 2008 Reply   
Countrywide: Dennis Gartman on CNBC says CFC looks like it's going to zero; says he would remain short in financials

London NYAM 22:38 GMT January 8, 2008 Reply   
BAY//sell usdcad 1.0042/53 stop 1.0076 target .9910/35 sar if upper bound broken for 1.0148/79.

London NYAM 22:38 GMT January 8, 2008 Reply   
BAY//sell usdcad 1.0042/53 stop 1.0076 target .9910/35 sar if upper bound broken for 1.0148/79.

USA BAY 22:05 GMT January 8, 2008 Reply   
LONDON NYAM,

Can you comment on usd/cad pls. tia

Syd 21:42 GMT January 8, 2008 Reply   
Countrywide Financial Corp.denied rumors that it is planning to file for protection from creditors under bankruptcy law as it led a deep swoon in consumer- and commercial-finance stocks Tuesday.

"There is no substance to the rumor that Countrywide is planning to file for bankruptcy, and we are not aware of any basis for the rumor that any of the major rating agencies are contemplating negative action relative to the company," said Rick Simon, company spokesman.

USA Zeus 21:25 GMT January 8, 2008 Reply   
Hedged remaining GBP/USD shorts from legendary trade of 2.11xx at 1.9714 to preserve giant gains.

Syd 21:25 GMT January 8, 2008 Reply   
AUD/USD sharply lower early from local and New York accounts selling as U.S. stocks end weaker, pulling AUD/JPY, AUD/USD with them, and risks remain to downside, says Bank of New Zealand strategist Danica Hampton. Says AUD/USD will find support at 0.8765, driven by weaker equity markets, broader global outlook, retail sales at 0030 GMT expected soft at 0.5% rise, likely easing pressure on RBA to hike in face of U.S. economic woes.

FLORIDA GB 21:22 GMT January 8, 2008 Reply   
Hello USA Zeus , Where do you put your stops on USDJPY
Thanks.

USA Zeus 21:14 GMT January 8, 2008 Reply   
In like Flynn. Bought USD/JPY 108.88

USA Zeus 21:12 GMT January 8, 2008 Reply   
Geneva 21:08 GMT January 8, 2008

Meant ST Geneva....very ST. Then see from there.

Napoli DC 21:08 GMT January 8, 2008 Reply   
.....too early

USA Zeus 21:08 GMT January 8, 2008 Reply   
Looks like bargain hunters scooping up USD/JPY dips for catapults higher.

Geneva 21:08 GMT January 8, 2008 Reply   
USA Zeus 21:06 GMT January 8, 2008

Or a Bear market first leg?

USA Zeus 21:06 GMT January 8, 2008 Reply   
SnP 500 futures capitulating here at 1393

London NYAM 20:52 GMT January 8, 2008 Reply   
just closed my s&p short at 1992.75 and usdjpy at 109.10 all out.

Syd 20:50 GMT January 8, 2008 Reply   
NZD/USD has remained "remarkably stable" recently given turmoil in overseas markets and made steady gains overnight before being capped by selling against resurgent AUD, says Westpac Bank in report; "Record highs in relative interest rates will continue to provide underlying support for the NZD, but the uncertain global picture suggests that substantial further gains will be a struggle, and it remains vulnerable to sharp but temporary dips lower," says Westpac. Notes 4Q employment confidence data out overnight though weaker showed labor market is still tight, providing little scope for RBNZ to ease interest rates any time soon
WBC

London NYAM 20:39 GMT January 8, 2008 Reply   
seems like we may have entered the next stage of early capitulation. tonight and tomorrow may become quite interesting.

dc CB 20:37 GMT January 8, 2008 Reply   
[BRIEFING.COM] The stock market continues to decline as we head into the final half-hour of trade. The comments made by AT&T's (T 38.07, -2.96) CEO fueled broad-based selling pressure.

AT&T's CEO said the company is disconnecting more home phone and broadband Internet customers for failing to pay their bills, according to Bloomberg.com. Traders are fearful that this may be a sign of recession. The telecom sector is currently down 6.7%, after being down more than 7%. It was in positive territory prior to the report.

Only three sectors remain in the green, and all are considered defensive. Financials are now down 3%

Tallinn viies 20:36 GMT January 8, 2008 Reply   
what has been the reason today for so tiny daily range as 63 ticks on eurusd. any rumours or explanations?

Canada BCA 20:34 GMT January 8, 2008 Reply   


Outlook 2008: Euro Area Slowdown Will Continue

11:51:00, January 08, 2008

The euro area economy is likely to expand by roughly 1.5% in 2008 versus trend growth of slightly over 2%.

Growth in the euro area is starting to downshift rapidly on the back of historically tight monetary conditions. Export growth is slowing, business activity and sentiment measures have eroded markedly and our industrial production model warns of a sharp deceleration in the coming months. On the domestic demand front, spending remains lackluster but stable employment conditions and high levels of accumulated savings should prevent a significant deceleration. The ECB will be slow to ease but below trend growth should erode inflation pressures in the coming months and help alleviate concerns of policymakers, opening the door to rate cuts by the end of the first half of 2008.

Maribor 20:23 GMT January 8, 2008 Reply   
CB, ~109,12 local low.

dc CB 20:21 GMT January 8, 2008 Reply   
108XX USD/JPY, that is.

dc CB 20:20 GMT January 8, 2008 Reply   
will be interesting to see if there's enough "juice" to stop and turn today's Dow train.
If not 108XX should be in the cards.

Amman wfakhoury 20:10 GMT January 8, 2008 Reply   
Spore Rych 19:33 GMT January 8, 2008
===
yes it will go up 2.0000

Napoli DC 20:04 GMT January 8, 2008 Reply   
closed my short AUD

dc CB 20:01 GMT January 8, 2008 Reply   
Oh those shoes come out of nowhere.

Verizon (VZ) and Sprint (S) drop to session lows following AT&T CEO comments on softness in consumer business

AT&T CEO "hoping we can manage our way through this downcycle'; 'softness' in broadband, phone line businesses AT&T CEO says - Bloomberg

USA Zeus 19:38 GMT January 8, 2008 Reply   
Add GBP/USD 1.9755 and again 1.98 and 1.9844 in reverse pyramid from initial entry points for an enormous eye opener if taken.

Spore Rych 19:33 GMT January 8, 2008 Reply   
Amman wfakhoury 17:25 GMT January 8, 2008
gbp.usd is heading twd 19900

Sir, do you see GBP/US going above the 2.0000 mark also?

Tks in Advance

USA Zeus 19:22 GMT January 8, 2008 Reply   
Buy USD/JPY. It is not too late for 110+ celebrations to come

USA Zeus 19:21 GMT January 8, 2008 Reply   
Buy GBP/USD now and on any pullback for ultimate victory.

Amman wfakhoury 19:09 GMT January 8, 2008 Reply   
bilbao pedro 18:08 GMT January 8, 2008
Amman wfakhoury,for when 1.99....where should be stop
====
this is for the coming 24 hours ..s/l 19665

London NYAM 18:50 GMT January 8, 2008 Reply   
I hope your right then my sell orders on s&p will get triggered. ;)

Makassar Alimin 18:47 GMT January 8, 2008 Reply   
London NYAM 18:38 GMT January 8, 2008

i believe stoxx will close positive, jpy pairs are also heading higher tomorrow so today will just be securing grounds for tomorrow's action

dc CB 18:43 GMT January 8, 2008 Reply   
fwiw. watch for late, 3:00-3:30 pm est futures induced rally into close. Paulson's Working Group mode of operation, going for a positive Dow close for nightly news. (see yesterday's chart)

London NYAM 18:38 GMT January 8, 2008 Reply   
Alimin// im not that clever. It may happen tomorrow but 1430 above and 109.80 are the barriers. my interpretation is that we test down first as the prior down moves look impulsive.

Makassar Alimin 18:34 GMT January 8, 2008 Reply   
London NYAM 18:31 GMT January 8, 2008

expecting last hour action?

London NYAM 18:31 GMT January 8, 2008 Reply   
alimin//no i dont think so. 1430 shouldnt break. usdjpy has been moving up in corrctive waves and down in impulsive. guess we will see.

Makassar Alimin 18:29 GMT January 8, 2008 Reply   
NYAM, stoxx looks to be forming s/t bottom here, same for jpy pairs

Napoli DC 18:27 GMT January 8, 2008 Reply   
hi guys, what do you think of shorting some AUD around here?

London NYAM 18:27 GMT January 8, 2008 Reply   
HK Kevin 18:25 :) cant say i blame you. best not to waste a day.

HK Kevin 18:25 GMT January 8, 2008 Reply   
London NYAM 18:20 GMT, DJI back to positive. Just closed half short USD/JPY position from 109.75 at 109.42 for money in the pocket and let the rest run. Really don't want to be stop out at b/e for the 2nd time on the same piar within the same day.

London NYAM 18:20 GMT January 8, 2008 Reply   
HK Kevin 17:36 GMT//in between breaks...Dow should end below todays high probably at the days low. S&P1405 support should correspond to the 109.05 level. imho

CANADA SV's sister 18:16 GMT January 8, 2008 Reply   
Canada sv 17:24 GMT January 8, 2008

better you don't mess with BOB as it may bring link from mm showing me, our mother, your girlfriend {yeah, she is ugly bur still your girlfriend] making pleasure voices with real men [not you, our father or my boyfriend] ... brother, better death than unfinished business with BOB

bilbao pedro 18:08 GMT January 8, 2008 Reply   
Amman wfakhoury,for when 1.99....where should be stop???

Sofia Kaprikorn 18:02 GMT January 8, 2008 Reply   
hello people - Happy New Year to all friends and forum members..


-------
Cable weekly 38.2% fibonacci retracement is around the Strong Weekly Support around 1.9620/50

the Weekly candle has prospekts to form a Diji..

but also have a risk of more black bars to the down side.. to test the 1.92 Support - a little above the 50% retracement around ~ ~ 1.91

so maybe we have a DOWN trend developing to I guess we long only with tight stops in case we get infront of a freight-train, right?

PAR 17:42 GMT January 8, 2008 Reply   
As Uk is planning to nationalise NorthenRock, so maybe US could nationalise Countrywide.

HK Kevin 17:36 GMT January 8, 2008 Reply   
USD/JPY is dancing with DJ Index. Any clue where the DJI will be closed today?

PAR 17:31 GMT January 8, 2008 Reply   
Tan of the year in trouble, unless he put part of the millions he got from selling his countrywide shares into gold.

http://www.bloomberg.com/apps/news?pid=20601087&sid=afp5_jiAa35U&refer=home

madrid mm 17:27 GMT January 8, 2008 Reply   
http://www.youtube.com/watch?v=ALn0GBkM_5c

Amman wfakhoury 17:25 GMT January 8, 2008 Reply   
gbp.usd is heading twd 19900

Canada sv 17:24 GMT January 8, 2008 Reply   
USA Zeus 17:07 GMT January 8, 2008
Let the market come to Papa.

Bob has got the saying except he substitutes the word market with " chickens"////

madrid mm 17:24 GMT January 8, 2008 Reply   
When It All Goes Horribly Wrong - Day Trader youtubevideo!

8-)

bilbao pedro 17:22 GMT January 8, 2008 Reply   
Zeus, pls share ur thoughts on where to position ourselves for the move...be valient!!!!.

USA Zeus 17:07 GMT January 8, 2008 Reply   
Let the market come to Papa. Next 24 hrs will be wonderful.

Maribor 17:06 GMT January 8, 2008 Reply   
USDJPY local low 109,12 shortly.

dc CB 17:04 GMT January 8, 2008 Reply   
Spooked Financials........two items from briefing.com.

1) NY Times reported earlier today that CFC fabricated documents related to the bankruptcy case of a Pennsylvania homeowner, court records show, raising new questions about the business practices of the giant mortgage lender at the center of the subprime mess. The documents -- three letters from Countrywide addressed to the homeowner -- claimed that the borrower owed the company $4,700 because of discrepancies in escrow deductions. Countrywide's local counsel described the letters to the court as "recreated," raising concern from the federal bankruptcy judge overseeing the case, Thomas P. Agresti. The emergence of the fabricated documents comes as Countrywide confronts a rising tide of complaints from borrowers who claim that the company pushed them into risky loans.

2)Countrywide loses most since 1987 amid bankruptcy speculation- Bloomberg (6.45 -1.19)

Bloomberg is reporting CFC dropped the most since Oct 1987 on the NYSE amid speculation the largest U.S mortgage lender will file for bankruptcy. "The rumor was they would file for Chapter 11 this week, " said Michael Mainwald, head of equity trading at Lek Securities in New York. "That spooked all the financials." Countrywide spokesman Rick Simon didn't immediately return a call for comment.

isr jweb 16:51 GMT January 8, 2008 Reply   
isr jweb 13:51 GMT January 8, 2008
longed gold this morning. tp 880 stp 851

target reached - i am out

HK Kevin 16:16 GMT January 8, 2008 Reply   
Lower my stop of short USD/JPY to b/c.

USA Zeus 16:15 GMT January 8, 2008 Reply   
Looks like GBP/USD is poised to move higher

HK Kevin 16:00 GMT January 8, 2008 Reply   
London NYAM 15:54 GMT, time will tell I am wrong or right. Take a break. If lucky enough not to be stop out, I will evaluate again at close of the next 4-hr bar

USA Zeus 15:55 GMT January 8, 2008 Reply   
USD/JPY 110+ is coming

NY Trader 15:54 GMT January 8, 2008 Reply   
Dairy prices are going up supporting NZD---I found out why---watch this Carmen Electra video--LOL

http://www.gadgetgamez.com/video.php?gId=24&fname=Carmen-Electra

London NYAM 15:54 GMT January 8, 2008 Reply   
Impressive trade Kevin. Looks like equities are stumbeling as well so you may just have pulled off the trade of the day! nice.

HK Kevin 15:48 GMT January 8, 2008 Reply   
Just sell USD/JPY again at 109.75 with tight stop above today's high

HK Kevin 15:24 GMT January 8, 2008 Reply   
Stop out of my short USD/JPY b/e at 109.56 too.

Maribor 15:18 GMT January 8, 2008 Reply   
AUDUSD on "Search and destroy STOPS" mission...

madrid mm 15:16 GMT January 8, 2008 Reply   
Castellon Gp, never heard of "censored" trading platform...Can not help you . sorry
lol

PAR, maybe they do at the same time of trading 8-)

Global-View 15:03 GMT January 8, 2008 Reply   
castellon Gp 15:01 GMT January 8, 2008 - contact us by EMAIL

castellon Gp 15:01 GMT January 8, 2008 Reply   
Hi all

I do not know if I can ask this question in the forum, but I need help and information from a broker.
Can sb help me with information about censored trading?
I have an account whit them, I used it years ago, but now I am not sure if restart working whit censored couse I read st bad about this brokerage.

Sorry Gvi if this question is not issue of this forum!!!!!! (Delete it if so)
Thanks

Greg

PAR 14:51 GMT January 8, 2008 Reply   
mad/ If they loose too much in forex , they can always try to make it back as camgirls . Lol.

USA Zeus 14:51 GMT January 8, 2008 Reply   
pittsburgh pa 14:31 GMT January 8, 2008

Long the wave.

London NYAM 14:50 GMT January 8, 2008 Reply   
mm//Everything is still in corrective sequences so its bound to be choppy. Requires one to be really on their toes (hang ten). Be back tonight maybe. Bye.

madrid mm 14:44 GMT January 8, 2008 Reply   
waveman i am so confused by today 's action

LOL

PAR, i found this "Japanese Housewives Sweat in Secret as Markets Reel"

http://www.nytimes.com/2007/09/16/
business/worldbusiness/16housewives.html

St. Annaland Bob 14:43 GMT January 8, 2008 Reply   
madrid mm 14:40 GMT January 8, 2008

that makes you really clear ... entry/stop/limit/add/reduce will make it clearer ... last post for today from here !!! ... the best gift I can give you all

madrid mm 14:40 GMT January 8, 2008 Reply   
St. Annaland Bob , how do you know ? We might be dead before we live ....

" Every man dies, not many live." William Wallace, "Braveheart"

8-)

St. Annaland Bob 14:36 GMT January 8, 2008 Reply   
London NYAM 14:34 GMT January 8, 2008

no way me racist! ... camel jockey is a profession, like myself the employee of the month in Amsterdam's KFC ... no harm meant

madrid mm 14:36 GMT January 8, 2008 Reply   
London NYAM, i agree !

madrid mm 14:35 GMT January 8, 2008 Reply   
PAR, here you are ...
8-)

St. Annaland Bob , me ? I am crystal clear. I learnt everything from Alan Greespan 8-)

Buy buy buy
Sell sell sell, is not clear enough for you ? LOL

London NYAM 14:34 GMT January 8, 2008 Reply   
Please do you mind cutting out the racial slurs Bob.

PAR 14:31 GMT January 8, 2008 Reply   
Madrid/ Thats because Kampo and japanese housewives are back from holiday . Expect USDJPY to stay strong during Us and Tokyo hours .LoL.

St. Annaland Bob 14:31 GMT January 8, 2008 Reply   
yes mm ... and we all are alive until we go dead ... it's one way or another ... at least the camel jokey from Amman is clear with his call, you doesn't ... ;-)

pittsburgh pa 14:31 GMT January 8, 2008 Reply   
USA Zeus 14:24 GMT January 8, 2008

So will you be long or short in the big wave?

madrid mm 14:29 GMT January 8, 2008 Reply   
it feels like the euro/usd is being compressed on both sides before it goes one way or the other....

Old cliche but it has all the gut feeling of the calm before the storm....

And usd/yen , 110 is probably well defended...until it will be no more
8-)

USA Zeus 14:24 GMT January 8, 2008 Reply   
OK- EUR/USD and GBP/USD all set for a big wave to begin within T minus 24 hrs.

Looks like buying crude oil on the dip was very "opportunistic" as mentioned. LOL

bilbao pedro 14:21 GMT January 8, 2008 Reply   
just stopped out....what to do...tough luck

madrid mm 14:19 GMT January 8, 2008 Reply   
again so many #$%$%^&*%^ waves today
lol

Hong Kong Qindex 14:16 GMT January 8, 2008 Reply   
USD/JPY : The market is going to test the supporting strength of the barrier at 107.90 - 108.56*.

HK Kevin 14:00 GMT January 8, 2008 Reply   
AUD trading range for today 0.8752-0.8820.

isr jweb 13:51 GMT January 8, 2008 Reply   
longed gold this morning. tp 880 stp 851

quito_ecuador_valdez 13:50 GMT January 8, 2008 Reply   
Usually I don't try to unravel January-February FOREX so I don't position until about March when mkt is "stable" but glance at charts/pundits/news in the meantime to speculate what may be in the cards in the trading period of April-ish-Nov.. My long term Swissy looking fine however...got in at 1.24 some time ago as a cash hedge. Here are some of my ponderings FWIW.

First of year factors I see possibly shorting USD:
1. Bush visit to M.E. could end in either trouble due to his words to be said, possibly inflaming an already inflamed Iran. Assasination attempts will be doublessly planned in this unsecret visit, question is if they'll attempt it. If so, no matter what the outcome, watch for Bush's/Congress's reaction to any assination attempts on this M.E. visit for more war in M.E.. Means more oil production threat, higher oil, lower USD.
2. Iran - Bush getting heated...naval ship issue recently...more info on Iran's secret nuke projects is found contrary to USA's reversal to dovish intel about Iran's nuke intentions. If purported Iran's nuke weapon/missle projects do surface, means possible Israel-USA attack to smoke Iran..means higher oil, lower USD. A USA-Iran war or Israel-iran war means higher risk to oil production in M.E. to further lower USD. Personally I think the recent naval issue & other things point to USA-Iran war unless something drastically different is done to create peace. Iran's persistance in supplying Iraq insurgents with hardware isn't helping. When soldiers continuously for more than 2 years capture tons of Iranian military hardware/EFP mines in Iraq it's pretty obvious Iran is a two faced liar...setting itself up for invasion.
3. USA recession said to be coming by increasing amount of pundits, if so, means lower USD because of more Fed interest cuts, possible precurser to increasing USD dumping, stagflation. This could be a downward coiling spiral.

I see safe house instruments longing such as CHF, GBP and XAU. SNB won't allow CHF to long too much so will play money supply games to keep it as low as possible but can't fight off demand forever.

Grains will continue to go up due to increasing demand + diminishing supply due to global climate change interfering w/ agriculture. Grain price affects everything, makes cncy de jour's buying power diminish, helps XAU. Combine increasing grain w/increasing oil & you have inflation.

Counter view point:
EUR/USD chart has what can be called a speculative double top forming, one top in late Nov, the other recently. I dunno...I don't necessarily favor this opinion, just observing the chart tech. Moving averages don't predict this either..yet, and today at least I'm neutral on the double top idea...just watching, we won't know for sure 'til 1.47 resistance fails.

Note I am not predicting anything, just contemplating possibilities, trading ideas. Frankly if USD tanks much lower past a $1.50 EUR/USD, look for ECB intervention to buy USD &/or EZ to decline in exports + economic decline to follow, since USA is it's largest foreign client.

HK Kevin 13:43 GMT January 8, 2008 Reply   
bilbao pedro 13:39 GMT, don't share with us your stop. Sharks are watching.

madrid mm 13:42 GMT January 8, 2008 Reply   
my useless call 4 today, DJ back above 13000 because PAR is here
8-)

Do i sound like a techie again ? lol

bilbao pedro 13:39 GMT January 8, 2008 Reply   
tks Kevin and NYAM ...my stop at 109.13

Stockholm za 13:36 GMT January 8, 2008 Reply   

EUR/USD 1d/50p tracker shows that the 1,4800 spike is not good on fading momentum…( ema`s congestion cluster 1H)
With Channel parameters given at 5293 & 4295 touch values.
USD/ JPY & CHF is saying it`s all go to go….
Thus Trade set Parameters is at hand….
Happy trades & all the best for 08..

HK Kevin 13:31 GMT January 8, 2008 Reply   
bilbao pedro 13:17 GMT, USD/JPY 8-hr chart says 108.20 brefore your 110.40

London NYAM 13:26 GMT January 8, 2008 Reply   
pedro// ;) upside break on 109.75 falling t/l below rising 109.20 endangers the move.

bilbao pedro 13:17 GMT January 8, 2008 Reply   
tks pal...i see if i can run it up to 110.40 and then see from there....

London NYAM 13:16 GMT January 8, 2008 Reply   
pedro//1. Ive already hit my targets for the week. 2. Im tired and i want to wait and see how far the upcomming rally in equities will stoke up usdjpy so i can re-enter short with the (i believe) underlying trend. But mostly cause im tired. Pathetic, i know since we should see a healthy move today. Good luck with yours though!

bilbao pedro 13:10 GMT January 8, 2008 Reply   
NYAM, why did u opt out of USDJPY????

GVI john 12:02 GMT January 8, 2008 Reply   
Updated Daily Chart Points...
GVI Technical Chart Points. Or look under "Tools" in navigation bar on top for "Chart Points".


Updated Daily Forex Charts...
EUR/USD USD/JPY USD/CHF GBP/USD EUR/GBP EUR/JPY
EUR/CHF AUD/USD GBP/JPY GBP/CHF USD/CAD CHF/JPY

NZD/USD

Access accurate and free GVI

London NYAM 11:56 GMT January 8, 2008 Reply   
Caba//Yes should be and its wiggling around like a correction from a trend should. Took the possie out this am. 55p was enough for now. GBPUSD is not accelerating like i expected either so i am glad to be out. T/P on long usdjpy here at 109.54 as well so im out of all possies and going to relax. GLGT.

Philadelphia Caba 11:01 GMT January 8, 2008 Reply   
London NYAM 05:36 GMT
Thursday morning (est) can be a bit volatile with BoE & ECB..

PAR 10:26 GMT January 8, 2008 Reply   
Correction. It is only Eurozone which is performing badly . European countries outside eurozone e.g. Poland, Latvia , Lithuania etc are doing very well as Trichet is not in charge of those countries .

PAR 10:06 GMT January 8, 2008 Reply   
Europe entering recession as Euro zone november retail sales post record drop . Only Trichet keeps shopping . Lol.

London js 10:01 GMT January 8, 2008 Reply   
London NYAM 10:00 GMT January 8, 2008
Yes...he adds new meaning to supermarket shopping....

London NYAM 10:00 GMT January 8, 2008 Reply   
js//lol. I have a feeling that i would need a holiday to recover from such a holiday... cheers!

London js 09:54 GMT January 8, 2008 Reply   
London NYAM 09:10 GMT January 8, 2008
You need a holiday in Amsterdam with purky as a guide...lol..

Plovdiv Gotin 09:54 GMT January 8, 2008 Reply   
About Cable/ There is a chance to see 1.9650 again,then 1.9621/1.9590/50.GTay

Cbj Jake 09:37 GMT January 8, 2008 Reply   
17:07 = 7:07

Cbj Jake 09:35 GMT January 8, 2008 Reply   
Alaska Moon(17:07) - Yes, I always regret when I refuse to get up for Europe/Lndn. Alaska Moon - what a lovely name!

London NYAM 09:10 GMT January 8, 2008 Reply   
pedro//could not sleep and now must go to the office. thanks for asking. ciao mate.

bilbao pedro 09:09 GMT January 8, 2008 Reply   
NYAM, why are u very tired????

LH 09:07 GMT January 8, 2008 Reply   
any comments on eur/usd and gbp/usd

London NYAM 09:02 GMT January 8, 2008 Reply   
bilbao//out of my long gbpjpy at 217.10 and my short eurgbp at .7426 now only long usdjpy from 109.11 stop at entry and target 110.30/50. looking to sell back gbpjpy around 218.80 if seen. very tired...

bilbao pedro 08:56 GMT January 8, 2008 Reply   
NYAM, so what good trade to get in now????

madrid mm 08:36 GMT January 8, 2008 Reply   
Gold new song -
" Fly me to the moon
And let me play among the stars
Let me see what spring is like On Jupiter and Mars
In other words hold my hand ..."

8-)

madrid mm 08:16 GMT January 8, 2008 Reply   
...meanwhile gold carries on.... 8-)

Maribor 08:09 GMT January 8, 2008 Reply   
Hmm, maybe I missed that by lousy 4 pips (again!).

Maribor 07:55 GMT January 8, 2008 Reply   
I guess top in AUDUSD will be at 0,8797(so far 0,8793).

Alaska Moon 07:17 GMT January 8, 2008 Reply   
Sometimes we get to thinking that electronic trading is really important, but just looking at a 15 min chart of EUR/US and GBP/US at 7 gmt and 8 gmt will show us we don't amount to nearly as much as those Eur and London trading desks......
It is interesting !! LOL

washington dc cc 06:59 GMT January 8, 2008 Reply   
here we go!!! long eur/usd

madrid mm 06:56 GMT January 8, 2008 Reply   
USA Zeus

;-)

madrid mm 06:55 GMT January 8, 2008 Reply   
London NYAM
Cool i am warming up to ride the wave ....Yiihhhaaaaaaaaaaaaa
8-)

USA Zeus 06:55 GMT January 8, 2008 Reply   
madrid mm 06:53 GMT January 8, 2008
Remember - Profits are not profits until they’re "in the bank!"


Mark to market is helpful ;-)

madrid mm 06:53 GMT January 8, 2008 Reply   
Remember -

Profits are not profits until they’re "in the bank!"

Have a gr8 day FX Jedi !! May the force be with you.

USA Zeus 06:53 GMT January 8, 2008 Reply   
Buying crude oil on the dip is very opportunistic.

London NYAM 06:51 GMT January 8, 2008 Reply   
madrid mm 06:46 //think it will feel like a big wave but may end in a wimper. tough to say. best to just ride it... ;)

madrid mm 06:50 GMT January 8, 2008 Reply   
* WSJ: US Trsy Sec Henry Paulson suggested that the mortgage industry should consider greatly expanding its program to ease loan terms for millions of financially troubled homeowners whose mortgages are due to rise. His remarks Monday mark the first time that the Bush admin has hinted that the mortgage industry's plan to expedite refinancing or freeze interest rates for cash-strapped subprime borrowers should also target homeowners who took out other kinds of adjustable- rate loans.

* UK BRC retail sales +0.3%y/y, as rumoured earlier, its weakest level since March 2006. Total sales +2.3%y/y

* UK Times : the BoE will come under intense pressure to cut interest rates this week as figures out today show that the high street suffered its worst Christmas for three years.

* Economics Min Prof Hiroko Ota says watching effects of US slowdown on exports higher Yen, oil on profits. Risk to economy are US slowdown, oil and construction. Japan's recovery is intact despite stock falls,concerns over US economy.

* MoF Fukushiro Nukaga says he expects Japan economy to keep recovering, though higher oil prices may affect small firms profits and consumer sentiment.

* France Economy Min Christine Lagarde says prefers higher inflation and higher growth to stable CPI and lower growth. FX will be on G7 agenda.

* UAE CB Governor Sultan Nasser al-Suweidi has ruled out any changes to FX policy, USD-AED peg, Gulf News - Reuters.

* UK Times: Citigroup is expected to cut up to 32,000 jobs to stem rising losses.

* WSJ: James Cayne, the chairman and chief executive of Bear Stearns is stepping down as CEO.

* FT article: Gold is the new global currency.

* Australia Building approvals +8.9%m/m, vs expectation of a flat number.

* USD remains steady in what is seen as Calmer markets today, after yesterday's Iranian-US tensions at the Straits of Hormuz.

* Focus on talks of good Japanese toushin related demand in USD/JPY, Cross/JPY supporting downside. Topside saw good US inv houses/ banks selling at 109.30-50, while asset managers, real money, Japanese mega-city banks bought on dips to 109 lows, more bids building up at 108.50-70, could rise- mkt still short.

USD/JPY stoploss orders building on break of 109.50-55/ 80 and huge stoploss above good offers at 110.00 handle - likely options interest there.

EUR/USD supported by real money demand at 1.4680/50, hitting highs of 1.4718 on sovereign, funds, Europeans buying, while AUD hit day highs of 0.8793, AUD/JPY above 96, building on strong Building Approvals, and models, funds buying with Cross/JPY seen firmer today.

Cable dipped to day lows 1.9666 on rumours of weak +0.3% BRC retail sales, then rose on "sell on rumours" buy on facts move. EUR/JPY stops above 161. Focus on BoJ Fukui later today.

Nikkei managing a small gain today, +10.73pts or 0.07% at 14,511.28. JGBs firmer, 10-yr yield -0.005% at 1.455%.

Crude oil edge up after fall in NY, $95.63, +0.54.

Gold edging to new highs again, now $862.30/00.

USA Zeus 06:49 GMT January 8, 2008 Reply   
USA Zeus 15:05 GMT January 7, 2008
Big move for the majors to begin within 48 hrs.

Still very VERY valid!
GLGT!!!!!

HK [email protected] 06:48 GMT January 8, 2008 Reply   
Makassar Alimin 04:53 GMT January 8, 2008
HK [email protected] 02:47 GMT January 8, 2008

I see cluster of support zones as well underneath 1.4650, so will consider scaling in long position until 1.45 gone on daily closing basis
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I doubt if price will go so low B4 rising back, indeed breaking below 1.4650 should be a little alarming for further declines.

madrid mm 06:46 GMT January 8, 2008 Reply   
Waveman, a big HuGE wave today going one way or choppy day again IYHO ? Don t worry i will not hold it against you
8-(0

My gut feeling is that today is going to be choppy again but maybe not on yen as it has already made a nice move on the euro/yen pair

madrid mm 06:42 GMT January 8, 2008 Reply   
So early ? It does not go well with Earl Grey and toast young man

8-(0

London NYAM 06:39 GMT January 8, 2008 Reply   
hola mm pass me the sangria.

madrid mm 06:36 GMT January 8, 2008 Reply   
Hola from the land of tapas
8-(0

London NYAM 06:07 GMT January 8, 2008 Reply   
gbpjpy t/p half around 217.00 perhaps trail for 219.xx

London NYAM 06:04 GMT January 8, 2008 Reply   
Bay// i cant say what level to start the short perhaps .7463 but i would do the old school backward calc of what you can risk (if you see what i see that is) and place the position size based on that. If you are not comfortable mate then we see different things so foget-about-it.
Zeus//its building. if it can hold through london session then ny and equities should lift. thanks for keeping it above my stop m8. :)

USA Zeus 05:54 GMT January 8, 2008 Reply   
Well NYAM I did my best to keep u/j safe while you rested. Looks like a spicy thundercrack is coming! :-)

USA BAY 05:51 GMT January 8, 2008 Reply   
LONDON NYAM,

NYAM, Whats your tp for gbp/jpy and is it wise to sell eur/gbp ant current levels 7456. tia

London NYAM 05:48 GMT January 8, 2008 Reply   
long gbpjpy 215.55 stop 215.09

London NYAM 05:36 GMT January 8, 2008 Reply   
EURGBP has broken through its 2-4 t/l support recommend selling any ralllies with stop just above .7500 and targets in the .73 region (at least).

KL FS 04:57 GMT January 8, 2008 Reply   
for intraday trade, will consider buying audusd if 0.8738-0.8753 seen first
got a feeling we will definitely see 0.8808 later on, stop under 0.8720

Makassar Alimin 04:53 GMT January 8, 2008 Reply   
HK [email protected] 02:47 GMT January 8, 2008

I see cluster of support zones as well underneath 1.4650, so will consider scaling in long position until 1.45 gone on daily closing basis

re. target I am not usually good at pinpointing exact target, prefer to t/p anything higher than 1.5, will use yours as an aid, thanks [email protected]

Syd 04:39 GMT January 8, 2008 Reply   
Australian Treasurer Wayne Swan uses strongest language yet about Australia and New Zealand Banking Group's recent 20bp home loan rate hike, describing move as "excessive"; adds National Australia Bank's 12bp hike "in line" with increase in wholesale cost of funding from tighter credit markets. Swan has gone further than Coalition predecessor Peter Costello in criticizing banks for higher rates by singling out individual institutions. Treasurer's comments mean Commonwealth Bank Westpac likely to be more cautious in any mortgage rate rises they announce given ANZ's unwanted negative publicity

Syd 02:58 GMT January 8, 2008 Reply   
Fledgling upswing in Australian building approvals in recent months "looks vulnerable to higher interest rates" says Master Builders Australia chief economist Peter Jones. Notes that as commercial banks begin to raise rates outside of moves in official RBA cash rate that "could see the take-off in approvals aborted in a similar fashion to previous episodes since the cycle troughed in 2004". Adds, if interest rates keep lid on upturn in residential building, growing imbalance between demand and supply "has the potential to escalate to intractable levels".

HK [email protected] 02:47 GMT January 8, 2008 Reply   
.

I dont see yet a clear downtrend for Euro/USD.
Some weakness yes, but let's see first how strong it breaks below the 200HrSMA.
Looking for a resolution of direction within the next 48 hours. I still hold to my guns that Euro will seek ~1.5125. within this upmove from Dec.20.2007.

Syd 01:46 GMT January 8, 2008 Reply   
China To Impose 20% Tax On Idle Land To Discourage Hoarding China will impose penalties for land hoarding in its latest attempt to increase the supply of housing and bring down property prices.

China's governing State Council said in a statement Monday land acquired from local governments that goes undeveloped for more than a year will be subject to a tax of 20% of its purchase price.

Land that goes undeveloped for two years can be taken back by local governments without compensation.

China's large population, small supply of suitable land and rapid industrialization and urbanization have led to an imbalance in supply and demand, the State Council said.

Syd 01:22 GMT January 8, 2008 Reply   
MARKET TALK:Too Early To Call Aussie Housing Recovery - Lehman
Stronger-than-expected Australian dwelling approvals data in November driven by downwardly revised October data and some one-off large multi-unit developments, Lehman Brothers chief economist Stephen Roberts says. "Given you've seen some softness running through housing credit data recently, that will probably offset the strength that you see in this figure"; notes "jury's still out" on whether housing showing signs of significant recovery. Roberts expects RBA to hold rates for foreseeable future.