Forex Forum Archive for 01/09/2008

USA Zeus 23:17 GMT January 9, 2008 Reply   
USA Zeus 17:09 GMT January 9, 2008

USD/JPY will fire north in a Primary Super Zeus Impulse Thundercrack Wave. (PSZITW)

Guess so! LOL

USA Zeus 23:15 GMT January 9, 2008 Reply   
moscow mi 21:19 GMT January 9, 2008

Mike- your words are golden.

Some things never change (or do they) LOL!
Gr8 to see you!

lkwd jj 23:11 GMT January 9, 2008 Reply   
fwiw 10ma $y is just above the highs of 110.15. been pretty good indicator. same was yesterday for cable.

lkwd jj 23:10 GMT January 9, 2008 Reply   
my mortgage broker friends are climbing the walls with boredom. 2 out of 3 take rotating days off during the week. queit isnt the word and the area i live in has been strong and still is ,demand wise.

USA Zeus 23:07 GMT January 9, 2008 Reply   
Submitting mortgage apps to multiple lenders is not new this month. Has gone on for several years and scores of months. Even so, there are not multiple sets of guidelines anymore for so many creative options. Less likely to submit to so many places now because there is Fannie, Fred and....?

Syd 23:00 GMT January 9, 2008 Reply   
austin mw - not sure about the USA but UK and Aus etc must be many in the 20-35 yr bracket just waiting in the wings for a chance to buy a house once all the noise is over , was reading yesterday a house on Sydney harbour sold for $1.5m in 1995 recently now valued over $15 mil , that kind of return is too tempting to resist , as they say when the streets are running with blood time to buy

austin mw 22:54 GMT January 9, 2008 Reply   
Syd, re mortgage applications. I found something out today
that I wasn't aware of and that is a person can submit
the same application to say 5 lenders and that counts as
5 so this can be very misleading.

Syd 22:50 GMT January 9, 2008 Reply   
US mortgage applications soar as rates plunge -MBA
Applications for U.S. home mortgages jumped to their highest in a month last week as concerns about recession pushed interest rates to their lowest in more than two years, an industry group said on Wednesday.http://www.reuters.com/article/bankingFinancial/idUS
N0953459720080109

Syd 22:13 GMT January 9, 2008 Reply   
Wider-than-consensus Australian November trade deficit would weigh on AUD/USD on increased risk fears, National Australia Bank senior currency strategist John Kyriakopoulos says. Notes large trade and current account deficit "matters much more to investors when they're risk-averse and cautious about lending." Trade data due 0030 GMT; economists on average expect deficit to narrow to A$2.5 billion from record A$2.98 billion in October.

Syd 21:55 GMT January 9, 2008 Reply   
empoli ab hi again I am actually at this moment neutral on the Aud until the remainder of the data and RBA out of the way, I dont see a rate rise here - and trading a wide range around 8550 -89

empoli ab 21:42 GMT January 9, 2008 Reply   
syd
hks for ur answer, it s sufficient for me now to know u agree on possible weakness of aussie. For it concerns tomorrow i remember mkt expectations on november decision at Boe meeting when majority of analysts considered a cut quite sure and after Boe unmoved pound rocketed north agst all the rest of ccies. It s true that tom (at least for official forecasts and expectations) mkt is beting more on a no move than a cut, but (unofficially speaking i mean) after last datas and news come out from UK i think that the major disappoint (just to force many to cover the big short of pound open a mom agst the rest of the qorld) cud be on a no move decision.
Thnks for ur opionion i appreciated it, cheers from Italy my frd (where is night ahaha, just to refer to ur good day..)

Syd 21:35 GMT January 9, 2008 Reply   
empoli ab
good day, I agree with your view on the data today , may be a negative for the aud, the Aussie Bank situation hit the media last night AEST . I suppose your position will depend on the BOE decision, I would be reluctant to give you an evaluation .

Cbj Jake 21:32 GMT January 9, 2008 Reply   
moscow mi! - nice to see your name of great legacy. Your web site was of great help to me. I wish you a healthy and wealthy new year.

A shame so many great names are nearly forgotten. Mais c'est la vie.

empoli ab 21:29 GMT January 9, 2008 Reply   
Hi Syd, very interesting news is ur last post, listen i m now long gbp/aud as i hink tonite we cud see a worse deficit there and tomorrow a sell the roumur buy the fact on BOE decision.
May i have pls ur opinion abt my pos (long from 2,2235 sl 2,2050 tp 2,2360) thks in advance

London NYAM 21:26 GMT January 9, 2008 Reply   
fwiw,out of that over-dramatized gbpusd long.

Syd 21:20 GMT January 9, 2008 Reply   
$1bn hit to banks from US
AUSTRALIA'S big four banks have a $1billion direct exposure to the US sub-prime mortgage market, despite months of assurances that they were immune from the deepening financial crisis.The CBA, NAB, ANZ and Westpac's exposure to the US sub-prime market comes through an almost $1billion investment in troubled US mortgage group Countrywide Financial, which appears close to collapse. The major players were part of a syndicate of 40 banks around the world that threw the embattled lender an $US11.5billion ($13 billion) financial lifeline last year. The CBA and the NAB invested $300million each, while the ANZ pumped $150 million into the deal and Westpac $100 million. Countrywide has been one of the biggest victims of the sub-prime credit crunch, and is facing a battle to survive. The shares in the US's largest independent lender plunged by almost 30 per cent on Tuesday night after rumours emerged on Wall Street the company was seeking bankruptcy protection. The potential loss by the Australian banks is a further sign the sub-prime crisis has the potential to damage the domestic economy.

moscow mi 21:19 GMT January 9, 2008 Reply   
USA Zeus 20:23 GMT January 9, 2008

I guess what works, works... and there is nothing more about that ;)

My best wishes and prosperous 2008 for everyone!

dc CB 20:56 GMT January 9, 2008 Reply   
PAR 20:24 GMT January 9, 2008
Paulsons Poker Tour . Lol.

Liar's Poker

Great book, by the way, if you haven'r read it.

PAR 20:24 GMT January 9, 2008 Reply   
Paulsons Poker Tour . Lol.

USA Zeus 20:23 GMT January 9, 2008 Reply   
USA Zeus 17:30 GMT January 9, 2008
isr jweb 17:26 GMT January 9, 2008

...Only day trade posted for today is the scalp buy GBP/USD right now @ and see what happens. Then we'll talk about track records.

Zeus's juicy spicy scalp track record idea worked of course. The more they antagonize the better the track record.

Happy Day!

The Netherlands Purk 20:16 GMT January 9, 2008 Reply   
Should read: closed a few longs in cable.

The Netherlands Purk 20:15 GMT January 9, 2008 Reply   
Closed a few shorts here for the daily b, l, d, and move forward to 19650, maye 19749.
Lets see, Tonto is ok btw.

USA Skeptic 20:02 GMT January 9, 2008 Reply   
Purk Poultry Trader

madrid mm 19:59 GMT January 9, 2008 Reply   
PPT as in Professional Poker Tour ?

8-)))))

dc CB 19:28 GMT January 9, 2008 Reply   
Yes interesting that considering stox, it's holding above 119.20.

PAR 19:15 GMT January 9, 2008 Reply   
Looks like PPT getting ready to defend 12500 on Dow with some yen carry trades .

NY Rob 19:04 GMT January 9, 2008 Reply   
Dow has reached 12500-12600, jpy looks to be pausing as well, time to book some profits and have an early week, relaxing next two days

USA Zeus 18:50 GMT January 9, 2008 Reply   
Finnmark Thor 18:45 GMT January 9, 2008

Well yes. Buy on pullback. Alarms signaled and trades taken now in real time.

Nothing to prove just sharing. Either it hurts the shorts from all time high or it helps for a pending bounce. Correct action taken. Now it either works or not but nobody knows in advance what will happen for sure. So...

Cheers!

St. Annaland Bob 18:48 GMT January 9, 2008 Reply   
USA Zeus 18:41 GMT January 9, 2008

your ego screws you, that's a fact ... like there are around 9 million bicycles in Beijing, that's a fact too ... you go chicken, you get pigs too ... again, it's your ego bringing you again and again in such situations ... my own ego is dead while I trade or post here!

Finnmark Thor 18:45 GMT January 9, 2008 Reply   
Zeus near as I can tell from your posting's of 2008 and even as late as yesterday you were calling for a higher GBP/US. Not till this morning when it went below 1.97 did you change your tune, then you forgot to mention all those long calls and went on your 2.11 shorts

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

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

USA Zeus 04:47 GMT January 4, 2008
Subject:
That means a ST buy for U/J, E/J, G/J

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

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

USA Zeus 20:41 GMT January 3, 2008
Subject:
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.

USA Zeus 18:41 GMT January 9, 2008 Reply   
St. Annaland Bob 18:13 GMT January 9, 2008

Many people are laughing. My trades worked, yours didn't Even with repeated prayers to the chinese god's to punish me all you were left with is laughing in the rubber room while I celebrate winning trades laughing my B's off! Leave it at that. Post trades or else keep your beak shut. Your tireless attacks only confirm what is plain and simple.

HK Kevin 18:32 GMT January 9, 2008 Reply   
Plan to short EUR/GBP near Qindex's 7515 level with 40 pips stop.

USA Zeus 18:32 GMT January 9, 2008 Reply   
isr jweb 18:24 GMT January 9, 2008

I did not disrespect. Just confused like he seemed earlier when questioning my position.

As for track record it looks like the free spicy pips came in same fashion.

Cheers!

isr jweb 18:24 GMT January 9, 2008 Reply   
zeus, all im saying is that this piper has had some very good calls.. so he should be respected..

Auckland peat 18:15 GMT January 9, 2008 Reply   
Nurse please hand out the medication.

Eur/Gbp is now diverging on the daily.

St. Annaland Bob 18:13 GMT January 9, 2008 Reply   
USA Zeus 18:07 GMT January 9, 2008

you went mad and I am laughing ... you are the best, you are the best !!! ZEUS, ZEUS, ZEUS, ZEUS, ZEUS !!! ... the GIG is witness for you being the best PIJPER !!!

USA Zeus 18:07 GMT January 9, 2008 Reply   
Had no idea H5N1 mixed with lead poisoning made Bird Man Bob feel like foot in mouth disease would bring his fantasies to come true if he opened his beak on a trading forum instead of being butchered and ending up on some back alley kitchen plate as kung pao chicken.

The Netherlands Purk 18:02 GMT January 9, 2008 Reply   
Is it possible that GLOBAL JAY removes the abusive language?
Mocking and picking ok, but watch the language.

The Netherlands Purk 18:01 GMT January 9, 2008 Reply   
Opened long in cable here. Happy to add lower for 19650.

USA Zeus 17:57 GMT January 9, 2008 Reply   
St. Annaland Bob 17:55 GMT January 9, 2008

Sorry Bob I'll leave your barnyard mates to you and your chicken coop.

London NYAM 17:56 GMT January 9, 2008 Reply   
You guys are being rediculous.

St. Annaland Bob 17:55 GMT January 9, 2008 Reply   
USA Zeus 17:53 GMT January 9, 2008

PIG is full and need your oral touch, go and make the pig to come.

Amman wfakhoury 17:55 GMT January 9, 2008 Reply   
this is my signals for today issued at 0600 gmt as usual

gbp/usd
=====
buy level 19760 tp 19780-19820.
sell level 19710 tp 19670-19620

USA Zeus 17:53 GMT January 9, 2008 Reply   
St. Annaland Bob 17:47 GMT January 9, 2008

You keep praying for a chinese savior to go against the massive GBP/USD selloff as they vaccinate you for foot in mouth disease

HK Kevin 17:49 GMT January 9, 2008 Reply   
If GBP/USD close under 1.9570 today, next weekly support at 1.9290. Those who already long can buy more cheaper Cable later. Of course, I may be wrong.

Amman wfakhoury 17:48 GMT January 9, 2008 Reply   
Amman wfakhoury 06:30 GMT January 7, 2008
Subject:
gbp/usd
====
at 19690 and
19650 is the turning point to up again.buy at that level and buy another if decline.
=========
just to remind you

St. Annaland Bob 17:47 GMT January 9, 2008 Reply   

Zeus, first you get a punch taking all your teeth off and then will arrange you a pig to perform your best oral acts ... and MM will upload that film of yours together with the pig to YouTube

Amman wfakhoury 17:44 GMT January 9, 2008 Reply   
isr jweb 17:35 GMT January 9, 2008
=====
the fundimentals affect the market..and today it is altered
by news that uk will cut the rate tmw...I cant post all my signals here.

USA Zeus 17:39 GMT January 9, 2008 Reply   
isr jweb 17:35 GMT January 9, 2008

And it did not rise 100 pips?

isr jweb 17:35 GMT January 9, 2008 Reply   
zeus dear, i remember your 1.9747 calls to buy gbp..(fundies buying at this level) amman might have got one wrong, but hes usually good

USA Zeus 17:33 GMT January 9, 2008 Reply   
Maribor 17:31 GMT January 9, 2008

Guess to each their own. He was critical of my hedging to protect 1500 pip gains. I am questioning his taking a huge loss with attempt to make 15 pips. Seems upside down so I do not understand recommendation to take a huge hit and then recommendation to make 15 pips?

Maribor 17:31 GMT January 9, 2008 Reply   
USA Zeus 17:27 GMT January 9, 2008

Why not?

USA Zeus 17:30 GMT January 9, 2008 Reply   
isr jweb 17:26 GMT January 9, 2008

Also, fyi I have not been posting day trades lately. Only posted some trades for shorting GBP/USD at the all time highs and now hedging some of that. Only day trade posted for today is the scalp buy GBP/USD right now @ and see what happens. Then we'll talk about track records.

USA Zeus 17:27 GMT January 9, 2008 Reply   
isr jweb 17:26 GMT January 9, 2008

No idea what you mean. The guy said 2.00 is coming and had a big s/l hit and is now predicting 15 pips lower?

London NYAM 17:26 GMT January 9, 2008 Reply   
sold eurgbp .7502 stop .7521 added to long gbpusd and tightened all stops back up. Exciting = scary...

isr jweb 17:26 GMT January 9, 2008 Reply   
zeus, with all due respect, i dont think you have been so right lately, but amman has. sorry pal. (at least on day trades)

USA Zeus 17:22 GMT January 9, 2008 Reply   
Does anyone know what wfak is talking about? After his stop loss was hit for a big loss the model has now reversed from the "24 hr 2.00 is coming" to "15 pips lower is coming"?

Amman wfakhoury 17:12 GMT January 9, 2008 Reply   
gbp.usd still has momentum to decline till 19540

warsaw TOMi 17:11 GMT January 9, 2008 Reply   
ok stop for long uj 10900.

USA Zeus 17:09 GMT January 9, 2008 Reply   
USD/JPY will fire north in a Primary Super Zeus Impulse Thundercrack Wave. (PSZITW)

warsaw TOMi 17:06 GMT January 9, 2008 Reply   
joining messy yen club with long
am long uj 10933 now for 11010 target.

USA Zeus 17:05 GMT January 9, 2008 Reply   
Maribor 17:00 GMT January 9, 2008
Yes. But we won't know what that is until afterwards. IMO that non-(down) trending environment is now here. Hence the hedge and scalp/swing position for a correction higher.

Cairo Mike 17:04 GMT January 9, 2008 Reply   
more explain please Makassar Alimin

lkwd jj 17:04 GMT January 9, 2008 Reply   
hk kevin 8hr chart has triple top on p&f chart. i think a head fake coming to 109.80 before going down. on the downside need to go below 109.10 to trigger a sell. 20 ma on daily still going lower.

Makassar Alimin 17:02 GMT January 9, 2008 Reply   
usdjpy is ripe for a nice breakout, take your pick and place your bets gentlemen

Cairo Mike 17:02 GMT January 9, 2008 Reply   
thank you my dear friend my position is sell USD JPY 109.50 first target 108.60 second target 107.8
what do you think ?

Maribor 17:00 GMT January 9, 2008 Reply   
USA Zeus 16:46 GMT January 9, 2008

Isn't it better(and safer) for scalpers to operate in non-trending environment?

Targets for me changed: EUR 1,407, GBP 1,886. Probably wrong as usual, but don't want to have positions open against that.

HK Kevin 16:51 GMT January 9, 2008 Reply   
Cairo Mike 16:25 GMT, check the 8-hr USD/JPY chart. Your will have an idea that this pair should be going short, entry level and where to put the stop order.

HK Kevin 16:48 GMT January 9, 2008 Reply   
Cairo Mike 16:25 GMT, need patience for trading JPY and its crosses. It it moves, play the cat and mouse game with Kampo and Japanese houswives. Now I am also short

madrid mm 16:48 GMT January 9, 2008 Reply   
i sure am in the wrong job

Jan. 8 (Bloomberg) -- Tiger Woods made $122.7 million in on-course earnings and endorsements last year and will break the $1 billion mark by 2010, according to an annual study by Golf Digest magazine.

USA Zeus 16:46 GMT January 9, 2008 Reply   
For the scalper crowd buying GBP/USD here for a pop higher is a low risk opp.

madrid mm 16:43 GMT January 9, 2008 Reply   
I just wish we had a Chinese offical coming on the wires and saying" we will diversify our FX reserve!!"

And then 10 minutes later, the same Chinese official comes back on the wires and says " What i actualy meant was, we will diversify even more into USD$ ! "

And the BoJ and ECB will say " We are watching very closely the FX market ! " (?!?!?!?!!?!?!)

8-)

London NYAM 16:43 GMT January 9, 2008 Reply   
mm//You are more right than you know regarding the first part. But im VERY HAPPY especially after i visit Purk.

madrid mm 16:40 GMT January 9, 2008 Reply   
You are never satisfied and happy ...............

8-) ))))))

Hong Kong Qindex 16:39 GMT January 9, 2008 Reply   
EUR/USD : The market can easily shift further down to 1.4545 - 1.4600 within the remaining period of this week.

London NYAM 16:38 GMT January 9, 2008 Reply   
mm//The problem i have with that is sample size relative to the market as a whole. I mean isnt it rather small relative to total flows?
yours cluelessly,

Sir A

Hong Kong Qindex 16:38 GMT January 9, 2008 Reply   
EUR/USD : The market can easily shift further down to 1.4545 - 1.4759 within the remaining period of this week.

madrid mm 16:36 GMT January 9, 2008 Reply   
Waveman, i guess volumewise we will have to stick somehow with the Commitments of Traders (COT) report, which , i am sure you know already , details positioning on the futures market, for more information on positioning and volume. 8-(0

USA Zeus 16:35 GMT January 9, 2008 Reply   
NYC ET 16:30 GMT January 9, 2008

I don't know what you mean about "defeat" unless the 1500 pips vanish from 2.1113. Otherwise the current swing and hedge will be unwound about 80 pips lower unless we get a pop higher then I'll simply (and quietly) scale out. Won't report all that when I scale since this is a forum of ideas, criticism, arm chair window shoppers and attacks, but not trade logs as such.

London NYAM 16:34 GMT January 9, 2008 Reply   
mm//Thats "Sir Amateur" to you big boy.

madrid mm 16:32 GMT January 9, 2008 Reply   
London NYAM 16:31 GMT January 9, 2008

AMATEUR !!

LOL 8-)

London NYAM 16:31 GMT January 9, 2008 Reply   
Cairo Mike 16:20 GMT January 9, 2008//my bias is marginally in favour of a test of 110.40/60 before we break new ground towards 107.xx. Since its in a messy range right now i am not willing to risk anything on this pair. gl

USA Zeus 16:31 GMT January 9, 2008 Reply   
London NYAM 16:22 GMT January 9, 2008

True true. Markets are designed to cause the greatest pain to the most participants. They grow hostile after becoming "trapped" into a trade instead of making rational choices based on strategy, probability and discipline.
Volume would be a dream come true. Guess we settle on proxy measures otherwise.

Cheers!

madrid mm 16:31 GMT January 9, 2008 Reply   
Cairo Mike 16:25 GMT January 9, 2008

I have no idea 8-)
FWIW gut feeling only 110 first IMHo

But check this
http://www.ozforex.com.au/cgi-bin/forwardRates.asp

It is Forward Exchange Rates..It may help you some how

NYC ET 16:30 GMT January 9, 2008 Reply   
Zeus, at what gbp/usd level do you admit defeat (if it comes to that)?

Hong Kong Qindex 16:29 GMT January 9, 2008 Reply   
GBP/USD : Speculative selling pressure will increase when the market is trading below the weekly cycle pivot center at 1.9558 - 1.9715.

ldn jp 16:29 GMT January 9, 2008 Reply   
USA Zeus 16:27 GMT January 9, 2008
thnx ....incidentally what does ST mean?

USA Zeus 16:27 GMT January 9, 2008 Reply   
ldn jp 16:23 GMT January 9, 2008

Yes for ST views. Never know for sure. Can be wrong like the next trader but risk is low if price sustains above support.
GL GT

Hong Kong Qindex 16:26 GMT January 9, 2008 Reply   
GBP/USD : The market is under pressure when it is below 1.9579.

Cairo Mike 16:25 GMT January 9, 2008 Reply   
madrid mm do you see JPY test 110.4 or test 108.6 for the time being

Hong Kong Qindex 16:23 GMT January 9, 2008 Reply   
EUR/USD : It has potential to tackle 1.4608 - 1.4620.

ldn jp 16:23 GMT January 9, 2008 Reply   
USA Zeus 16:01 GMT January 9, 2008
I am long eur/jpy at present - would this be the same direction as your views? ...tia

madrid mm 16:22 GMT January 9, 2008 Reply   
Cairo Mike
I am only a day trader my cyber fx jedi 8-(0

When you hear that Japanese housewives are buying usd/yen , buy as well !!
8-)

London NYAM 16:22 GMT January 9, 2008 Reply   
Zeus//Thats very true. DS has it right in spirit when he says to expect that the most unexpected outcome is the most probable (or something to that effect). The problem as always is really being able to fee more than see that the vast majority have already committed themselves to an outcome thereby making them wrong. If we could get good volume data in FX it would be great as it would go a long way towards getting an edge.

Cairo Mike 16:20 GMT January 9, 2008 Reply   
thanks Hong Kong Qindex
hallo London NYAM , Madrid MM and USA Zeus
i need your help if you please a recommendation on JPY short abd long term please

USA Zeus 16:19 GMT January 9, 2008 Reply   
Please don't mind the typos. I'm studying Italian

USA Zeus 16:18 GMT January 9, 2008 Reply   
Seemsa like everyone comes to the same conclusion after something ahs already happened. They call such fruitless efforts the wisdom of crowds but as it turns out it is more like extraordinary popular delusions and the madness of crowds.

Hong Kong Qindex 16:16 GMT January 9, 2008 Reply   
USD/JPY : the odds are okay that the market may test the supporting range of 107.75 - 108.68 in the next 24 hours.

London NYAM 16:15 GMT January 9, 2008 Reply   
T/p on other half of eurusd. Think the move has run out of steam. Lowering stop on half GBPUSD to 1.9489 other stop remains.

Cairo Mike 16:11 GMT January 9, 2008 Reply   
tell me my friend please yur recommendation on jpy
with all my beast thanks

madrid mm 16:08 GMT January 9, 2008 Reply   
Cairo Mike we are all confused
8-))

Cairo Mike 16:06 GMT January 9, 2008 Reply   
Sort term and long term because ia have a position and i confused from this little move

Cairo Mike 16:05 GMT January 9, 2008 Reply   
hallo my dear friends
i need please a recommendation on JPY please with my best thanks in advance

USA Zeus 16:01 GMT January 9, 2008 Reply   
Looks like yen action will be a most favored flavor next. Holding same views and trades there.

Oil 97.25 LMAO

Maribor 15:59 GMT January 9, 2008 Reply   
Market moving contra analysis; as 1,9605 did not hold, 1,886 becomes possible, however would be really surprised if it would happen this month AND monthly close down. Closing positions and just looking.

Reminds me of USDCAD going furher down as possible imagined(from 1,18 to 0,91).

London NYAM 15:58 GMT January 9, 2008 Reply   
lowering stop on eurusd to just above 1.4700. DAK 1.9544

USA Zeus 15:55 GMT January 9, 2008 Reply   
Been short EUR/USD today on a swing lower but just to confuse the confused I just closed those.

madrid mm 15:55 GMT January 9, 2008 Reply   
here we go again , i just go for a cup of tea and what happens ? euro/usd$ makes a nice "leg" down while i am away... Typical

8-(0

New madrid mm signals " People , i will be waway for the next few minutes, be ready for a move ! "

LOL

USA Zeus 15:53 GMT January 9, 2008 Reply   
Perhaps if everyone attacks Zeus today it will reverse faster like usual. There were many who wanted to teach me a lesson for building GBP/USD shorts at the top and so called "fighting the trend". Now they missed it and I'm 1500 in gains and they are here to teach me more lessons, but I am teachable. LOL

JAK BOND 15:52 GMT January 9, 2008 Reply   
NYAM

Can you whisper to me the stop for the gbpusd : )

London NYAM 15:50 GMT January 9, 2008 Reply   
closed half eurusd short from this AM at 1.4652 added second half gbpusd long 1.9573

USA Zeus 15:50 GMT January 9, 2008 Reply   
Amman wfakhoury 15:49 GMT January 9, 2008

wrong

Amman wfakhoury 15:49 GMT January 9, 2008 Reply   
the purpose of hedging a position is a try to return the loss only

USA Zeus 15:47 GMT January 9, 2008 Reply   
austin mw 15:44 GMT January 9, 2008

That's odd. Just spoke with Mike Ross and they are accumulating.

USA Zeus 15:45 GMT January 9, 2008 Reply   
Long last allocation for GBP/USD pending bounce @ 1.9575. Not going to heavy for this one.

Canada NN 15:44 GMT January 9, 2008 Reply   
London NYAM 15:38 GMT January 9, 2008
yep, this is really a scary trade.

austin mw 15:44 GMT January 9, 2008 Reply   
USA Zeus 15:39 GMT January 9, 2008
No Zeus, Pickens is actually selling and hedging
core positions he bot at $12.

Amman wfakhoury 15:43 GMT January 9, 2008 Reply   
USA Zeus 15:35 GMT January 9, 2008
====
how are you protect the 1500 pips by hedge...
actually you are loosing the opportunity to make new profit
bu hedge this way.

Canada NN 15:43 GMT January 9, 2008 Reply   
London NYAM 15:40 GMT January 9, 2008
ic, may I know your target? I am not confident GBP will rebound. But just wonder how come no rebound since 2.11?

London NYAM 15:40 GMT January 9, 2008 Reply   
Watching Eurgbp NN as well. I am short eurusd 2x 1x long gbpusd. Its a play on that too.

USA Zeus 15:39 GMT January 9, 2008 Reply   
Crude oil @ 96.00. T Booner and crew buying like mad dogs on any supply dip for 100+ rip.

London NYAM 15:38 GMT January 9, 2008 Reply   
Canada NN 15:36 GMT//Confident enough to post a trade otherwise I would not be confident and either not trade or not post my scary trade.

USA Zeus 15:37 GMT January 9, 2008 Reply   
Meanwhile added some more longs @ 1.9583 for real spice.

Canada NN 15:36 GMT January 9, 2008 Reply   
London NYAM 15:32 GMT January 9, 2008
Still confident to long GBP? Key support of 1.9595 is already broken. Very negative on GBP now.

USA Zeus 15:35 GMT January 9, 2008 Reply   
Amman wfakhoury 15:32 GMT January 9, 2008

No worries wfak. I need to protect the 1500+ pips for my short position. You stick to the "hot and spicy 10 pip 3x5's 2.00 is coming strat"

Amman wfakhoury 15:32 GMT January 9, 2008 Reply   
can any one explain what zues 1523 said...as i did not understand any thing?????

London NYAM 15:32 GMT January 9, 2008 Reply   
longed gbpusd 1.9585 stop under 1.9550

USA Zeus 15:31 GMT January 9, 2008 Reply   
London NYAM 15:28 GMT January 9, 2008

Yes NYAM. Loaded extremely heavy on the short and sliced out on all but last remaining 1/4 which is now the core portion and last to short at 2.1113. So now am protecting the risk here. If it bounces to levels triggered will add some more for the ride to the south pole.

London NYAM 15:28 GMT January 9, 2008 Reply   
Zeus//Just curious. Why not take partial profits and then add them back if/when you see the bounce? Or is it a psychological seperation?

London ADK 15:27 GMT January 9, 2008 Reply   
"trend mode" - I learn something new every day.

USA Zeus 15:23 GMT January 9, 2008 Reply   
Va Raven 15:20 GMT January 9, 2008

Keeping the core short on trend mode looking for 50 figures+.
This is a counter trend trade so I keep them apart. The net effect is what you mention until the hedge is lifted then back to more of the same same as strong USD policy will grow and grow.

Hong Kong Qindex 15:21 GMT January 9, 2008 Reply   
HK Kevin 13:28 GMT - I take a look later on the daily cycle.

Va Raven 15:20 GMT January 9, 2008 Reply   
Then take out your short and go long if you are sure.
You are not "protecting" anything but booking the profits.
No, Zeus?

USA Zeus 15:15 GMT January 9, 2008 Reply   
Va Raven 15:12 GMT January 9, 2008

The point of a hedge is to protect. I'm short GBP/USD @ 2.1113 and see a bounce coming.

Va Raven 15:12 GMT January 9, 2008 Reply   
Zeus, what's the point of such hedge?

USA Zeus 15:11 GMT January 9, 2008 Reply   
USD/JPY 110+ still coming.

USA Zeus 15:09 GMT January 9, 2008 Reply   
Going beyond hedge and longed GBP/USD 1.9594

Mtl JP 14:32 GMT January 9, 2008 Reply   
Perrie 13:32 / didn' t realize you were such a long/term oriented pundit/trader. fwiw, Dodge is riding off into history at end of month

London NYAM 14:25 GMT January 9, 2008 Reply   
EURUSD. Looking to t/p half around 1.4610/40 and hold for SAR 1.4560/70.

PAR 13:56 GMT January 9, 2008 Reply   
Weak German retail sales and industrial output finally hurting Euro . Wonder how Trichet can keep talking about a solid european economy with such weak european retail sales . European wages look too low instead of too high , unless all the shopping is outsourced to outside the eurzone .

St. Annaland Bob 13:54 GMT January 9, 2008 Reply   

Zeus & Purk doing everything for money

Como Perrie 13:32 GMT January 9, 2008 Reply   
am taking notice Dodge is aware of further canada dollar strenghtening over the amero somewhere late this year or early next.

HK Kevin 13:28 GMT January 9, 2008 Reply   
Hong Kong Qindex 13:03 GMT, does your USD/JPY 108.58 targeting point still valid today? Thank in advance

Maribor 13:26 GMT January 9, 2008 Reply   
GBPUSD low in place.

Como Perrie 13:12 GMT January 9, 2008 Reply   
this while stock markets having lotsa to digest at current, eventually show some of a minor collapsing over-liquidity injected structure

Como Perrie 13:11 GMT January 9, 2008 Reply   
might take time so far...except a very positive new home sales from canada will add flows over the amero

Hong Kong Qindex 13:03 GMT January 9, 2008 Reply   
NY Trader 12:54 GMT - I don't have a data file for NZD/USD.

Como Perrie 12:58 GMT January 9, 2008 Reply   
as I see It seem cad is going to tackle Its key support around 9950

NY Trader 12:54 GMT January 9, 2008 Reply   
Dr Qindex,
May I have your view on Nzd/Usd please?

TIA,

St. Annaland Bob 12:37 GMT January 9, 2008 Reply   

good day ... I think that [14640] is located exactly at the right place when current weekly/daily ranges concerned to claim later on that that level rejected EUR/USD from going down ... will risk something towards that level for sentiment it may come out as profitable trade ... good and safe trades!

Syd 12:32 GMT January 9, 2008 Reply   
JERUSALEM (AFP)--The White House Wednesday warned Iran over a weekend confrontation between Iranian speedboats and U.S. warships in the Strait of Hormuz.

"I think the point that that shows is this was a very provocative act by the Iranians, and it could have - and came very close to - resulting in an altercation between our forces and their forces," National Security Advisor Stephen Hadley told reporters.

"And it's a warning to them: They've got to be very careful about this, because if it happens again, they are going to bear the consequences of that incident," he said.

GVI john 12:29 GMT January 9, 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

AtlantA South 11:55 GMT January 9, 2008 Reply   
London NYAM
Tks fro the reply. Murray is an interesting read & study. Out for now. Gt

Philadelphia Caba 11:49 GMT January 9, 2008 Reply   
thanks Qindex!

Hong Kong Qindex 11:45 GMT January 9, 2008 Reply   
We should have a better chance to see 0.7515 - 0.7530 on Friday

Hong Kong Qindex 11:43 GMT January 9, 2008 Reply   
EUR/GBP : The market is consolidating in the weekly cycle pivot center which is located at 0.7425 - 0.7495.

Makassar Alimin 11:36 GMT January 9, 2008 Reply   
expecting some bounce for gbpusd, not sure if it is from lower level or current level though, might be better to split the entries

Hong Kong Qindex 11:33 GMT January 9, 2008 Reply   
EUR/GBP : A projected resistant level has been established at 0.7497 - 0.7507. It is still a range market.

GENEVA DS 11:25 GMT January 9, 2008 Reply   
After a handful trading days this year... VERY VERY Popular trade SHORT GBP..... VERY VERY Unpopular SHORT JPY.... expect the unexpected for next 6 month.... gl

Philadelphia Caba 11:23 GMT January 9, 2008 Reply   
eur/gbp: IF sustained breach of 7500, we can see high as 7540..
BoE tomorrow..feel, like buy the rumour (cut) sell the fact ..?

London NYAM 11:22 GMT January 9, 2008 Reply   
Atlanta South 11:14 GMT//Yes i studied Gann and I used to use it that got me into cycles. I would like to return to the cycles analysis mainly astro-cycles but i dont have time to do all the stat-crunching again and i lost all my correlation studies as well as my once great macro that spat out major inflection and turning points when i took a break for grad school. Ive only read an article on Murray math and i really cant remember what it is. I use fib relationships all the time though.

Atlanta South 11:14 GMT January 9, 2008 Reply   
London NYAM
Hello again my freind, just wondering have you ever been a student of the Gann, Murray Math & Fibo fames? I have studied EW & have volumes of info, but have never really took the time to delve into the material. The above three have worked well for me over the years. Just seeking your views as the are always valued. Tks & gt.

Auckland Trotter 11:14 GMT January 9, 2008 Reply   
London NYAM 11:00 GMT January 9, 2008
I understand your posting, given time and looking at the charts, from what I understand. Just looking to fit the wave aspect into my trading setup.

Thanks for the offer, will ask Jay.

London NYAM 11:00 GMT January 9, 2008 Reply   
Trotter// My apologies for misunderstanding. I actually thought you were originally a waver. i have been studying it and applying it since 1992. If you want any info or recommendations you can get my e-mail from the usual suspects/source. glgt

Auckland Trotter 10:55 GMT January 9, 2008 Reply   
London NYAM 10:28 GMT January 9, 2008
My assessment of the EUR/USD ‘in brief’ is my posting (for comment and criticism) at 9:15.

I took a few pips yesterday, and less today – but profit is profit. The way the market goes.


I gather you are using the Elliott wave theory. Something I need to learn more about. Have collected a lot of info, have a basic understanding, but need the time to process and digest it, get the book/s, etc. It is an area that is lacking in my understanding, and can see that it can add a lot to my trading, and give an understanding of other aspects of trading which effect the price movement.

PAR 10:48 GMT January 9, 2008 Reply   
European Trade Union Confederation ,ETUC attacking Trichet on his " crusade " against higher wages while european retail sales are collapsing and wages share of total income is falling.
ECB unable to provide policy response to overvalued Euro, rising inflation , problems in the banking sector and the subprime crisis .

Hong Kong Qindex 10:29 GMT January 9, 2008 Reply   
GBP/USD : The current expected trading range is 1.9570 - 1.9637.

London NYAM 10:28 GMT January 9, 2008 Reply   
Trotter i was replying to your reference in 9:40 but i guess you may have been referring to your 9:15 post...couldnt tell.

London NYAM 10:25 GMT January 9, 2008 Reply   
Auckland Trotter 10:17 GMT January 9, 2008 //lookingfor a wave c...targets given last night 1.45 to 1.4650 time frame hours to 2 days. entry not posted as i lefta limit and it was hit last night at 1.4739 and sounds like a boast.

Auckland Trotter 10:17 GMT January 9, 2008 Reply   
London NYAM 10:00 GMT January 9, 2008
“shorted eurusd stop above 1.4750.�

Fits with my previous posting, but too early for me to place a trade with the market so quiet.

Rosario 10:15 GMT January 9, 2008 Reply   
Hi, am I a client of Argentina, there is some Spanish-speaking one here now?

Auckland Trotter 10:10 GMT January 9, 2008 Reply   
LA BFL 09:52 GMT January 9, 2008
Thanks for that.

Based on what?

Does it fit with your trading style or others on the list?


I passed a general comment for several reasons:

- The forum gives a chance to learn and exchange ideas.

- The posting of target figures without explanation has lead to many frustrated, unfounded arguments.

- All information is good information as long as it can be evaluated.

- etc.


glgt

Mumbai NS 10:03 GMT January 9, 2008 Reply   
I am amazed by the huge disconnect in eur and aussy wonder what the sound may be like gl gt

London NYAM 10:00 GMT January 9, 2008 Reply   
fwiw out of usdcad short here at 1.0029 but left limit sell above. shorted eurusd stop above 1.4750.
Purk//We missed you yesterday.

USA Zeus 09:54 GMT January 9, 2008 Reply   
15 figures in the money short cable and I may end up giving 1 away if the bounce does not come.

hk ab 09:52 GMT January 9, 2008 Reply   
euro holding exceptionally well.

LA BFL 09:52 GMT January 9, 2008 Reply   
Agree with you there, so I emailed them about the time frame for their target. They are predicting, those target will be reached within 7-10 days.

hk ab 09:50 GMT January 9, 2008 Reply   
long small cable here is fine.

Auckland Trotter 09:40 GMT January 9, 2008 Reply   
LA BFL 09:31 GMT January 9, 2008
“This is interesting...�

The interesting aspect is the explanation as to why certain target figures are given.

It all depends on the time scale that is traded on, the evaluation used, etc.

Target figures without qualification or quantification are meaningless.

PAR 09:35 GMT January 9, 2008 Reply   
Unexpectedly Clinton .Even a simple political opinion poll seems to be too difficult in the USA .Lol.

Maribor 09:33 GMT January 9, 2008 Reply   
Cable -1,9605 may be local low.

LA BFL 09:31 GMT January 9, 2008 Reply   
This is interesting...


gbp/usd is heading to 1.92xx
gbp/jpy -> 205.70

according to superbfx blogspot dot com

PAR 09:28 GMT January 9, 2008 Reply   
Bush keeps spending.

http://online.wsj.com/article/SB119985095047777331.html?mod=googlenews_wsj

HK Kevin 09:20 GMT January 9, 2008 Reply   
Hourly close of Cable under 1.9630 will trigger fresh selling toward 1.92 - 1.93 level. Beware

Auckland Trotter 09:15 GMT January 9, 2008 Reply   
With the opening of the EUR market it appears that the EUR/USD could be range bound again today.

Levels to be broken for the range:

Support around 1.4700 from the 4hr chart
23.6% fib on 30 min chart 1.4702
23.6% fib on 4hr chart 1.4702
I4 daily pivot 1.4701

Resistance around 1.4744
50% fib on 30 min chart 1.4744
Monthly I6 pivot 1.4742


The daily pivot at 1.4709 makes an interesting level as does 1.4744


Pips where pips are for the short trades, but the longer charts are showing down pressure.

LA AI 09:13 GMT January 9, 2008 Reply   
Helsinki iw 09:02 GMT January 9, 2008
At last postive news from Sweden:

A community pool in the city of Sundsvall has caved in to the womens lib and has decided to let women swim without a top.

The organisation " Bara Bröst" has long demanded that women should have that right, after all so have men. "This is a step towards equality" commented a spokeswoman for the organisation.

=============================================


Indeed!
They should cave in more to allow them swim without bottom too!

LOL!

Mumbai NS 09:10 GMT January 9, 2008 Reply   
Ty sir

Hong Kong Qindex 09:09 GMT January 9, 2008 Reply   
Mumbai NS 09:07 GMT - My bias is on the downside.

Mumbai NS 09:07 GMT January 9, 2008 Reply   
Dr Q gud day to u any bias on eurusd sir glgt

Hong Kong Qindex 09:06 GMT January 9, 2008 Reply   
USA BAY 09:05 GMT - I am not looking at this pairs for the time being.

USA BAY 09:05 GMT January 9, 2008 Reply   
Hong Kong Qindex,

DR Q, Can you share your bias for eur/gbp and gbp/aud pls. tia

Helsinki iw 09:02 GMT January 9, 2008 Reply   
At last postive news from Sweden:

A community pool in the city of Sundsvall has caved in to the womens lib and has decided to let women swim without a top.

The organisation " Bara Bröst" has long demanded that women should have that right, after all so have men. "This is a step towards equality" commented a spokeswoman for the organisation.

Hong Kong Qindex 09:01 GMT January 9, 2008 Reply   
EUR/CHF : The market is under pressure when it is below 1.6360.

USA Zeus 08:57 GMT January 9, 2008 Reply   
Yes. It was necessary to hedge at the 7 month lows after shorting at the all time highs.

Syd 08:57 GMT January 9, 2008 Reply   
Recent UK data has given little clues to how the MPC will act on Thursday, and UBS's economists believe the committee will wait until after the February Inflation report before cutting rates. However, the bank says a sustained dovish monetary policy outlook, combined with stress in the UK and global financial markets exposes sterling to further weakness. UBS has a one month forecast of 0.75 for EUR/GBP, but says with significant negative news already priced in and the euro already overvalued, cable is a better way to express a negative sterling view. The bank has cable forecasts of 1.96 over one month, and 1.93 on a three month horizon.UBS

Syd 08:55 GMT January 9, 2008 Reply   
A large German bank has been an aggressive seller of sterling Wednesday, says UK bank trader. Cable has just made a fresh seven month low of 1.9634, while EUR/GBP almost matched the all time high of 0.7492, made on Jan. 4.

USA Zeus 08:47 GMT January 9, 2008 Reply   
Bought 1.9637 for final hedge. Will hold here against any gains from 2.1113

USA Zeus 08:40 GMT January 9, 2008 Reply   
Bought more GBP/USD 1.9677

Maribor 07:55 GMT January 9, 2008 Reply   
AUD trapped in a wedge, but I guess must see 0,8790 first.

PAR 07:47 GMT January 9, 2008 Reply   
2008 The year of the yen cary trades.
http://www.bloomberg.com/apps/news?pid=20601087&sid=a2uAMmdQ99vs&refer=home

The Netherlands Purk 07:00 GMT January 9, 2008 Reply   
London NYAM 23:56 GMT January 8, 2008
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
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...

Nope did not chicken out, but had to bail out Tonto, he bought some stuff out of a c.s. that still is not legal. Poor thing was in the joint (!) with a man that had a bigger d. than Tonto...
I took some longs on usd/jpy and closed them. Can not post entry prices after the fact so i leave that. I also closed a brain forgotten long in cable. I am being hailed again by cable so maybe i stick to that.
NYAM, you do not know who London sp is, I do, most of the time he is harmless untill he gets Russki bites..

madrid mm 06:57 GMT January 9, 2008 Reply   
have a gr8 day

may the force be with you

8-(0

madrid mm 06:56 GMT January 9, 2008 Reply   
WSJ: Bush Looks to Reprise. Tax-Relief Measures Stimulus Proposal Echoes the Rebates, Breaks Given in '01. Faced with recession fears, White House is considering tax rebates for individuals to encourage spending and tax breaks for businesses to encourage investment.

The plan, if finalized by the Administration and passed by Congress, would mark President George Bush's first major steps to address the broad economic slowdown. He has limited himself to addressing the wave of home foreclosures and the Wall Street chaos caused by the collapse of the subprime-mortgage market.

World Bank's Hans Timmer, speaking to Reuters, said on the USD did not need to depreciate much further but expressed concern its value will diminish further if the US substantially cuts interest rates to ward off an economic recession.

John McCain wins the New Hampshire Republican primary. Mitt Romney and Mike Huckabee they'll fight on. Exit polls showed issues swayed Democrats but Republicans were moved by personality - CNN.

Hillary Clinton has won the New Hampshire Democratic race, defeating Sen Barack Obama. Obama congratulated Clinton, but adds he is still "fired up and ready to go."

NKS: Publicly offered mutual funds are believed to have incurred an investment loss of around Y4trillion ($36.7bln) in 2007, the first red ink in 5 years, due to a sharp decline in the prices of Japanese shares and other assets. The net asset balance of these funds totalled Y78trillion ($715.6b) as of 30 Nov 2007.

* A day of 2-halves again, as market "changed" turned in the afternoon session in Asia after WSJ article that President Bush/ White House is considering tax relief for individuals and businesss and stimulus to help the economy, triggering Cross/JPY demand, firmer Nikkei and Asian stocks and sentiment, with Nikkei closing up 0.49% at 14.599.16 vs day lows of 14,271.57, and USD/JPY hitting day highs 109.55 from 109.15-20, and Cross/JPY all sharply higher.

This is in contrast with the start of the First Half where Asian stocks opened lower, Cross/JPY under pressure after US stocks losses on AT&T warning and also Countrywide rumours.

USD/JPY, Cross/JPY also all firmer on fresh waves of buying, talks of Japanese custodian, regional bks, Japan government pension funds, lifers buying at fixing for new investment and Japanese equities, while offshore sold Nikkei and Cross/JPY.

EUR/JPY hit day highs 161.45-47 from 160.70-80.

AUD big mover, hit 0.8845 from 0.8795 on strong retail sales, raising chances of RBA hike on Feb to 7.00%, but ran into strong Swiss, option sales ahead of 0.8850 (part of 0.8550-8850 Asian owned).

AUD/JPY rallied up to 96.50 up 95.70, AUD/NZD hit 1-m highs 1.1490.

EUR, GBP, EUR/JPY, GBP/JPY rally.

Nikkei rebound sharply, +70.49pts or 0.49% at 14,599.16. JGBs a tad firmer, 10-yr yield +0.005% at 1.465%.

Crude oil edge up on Nigeria concerns, $96.67.

Gold hit new all time highs of $891.00, eye $900.

Auckland JJ 06:56 GMT January 9, 2008 Reply   
Put a 1 in front of all points, sorry.

Auckland JJ 06:53 GMT January 9, 2008 Reply   
HI all, i have been trading the EUR/CHF for the past couple of months, as it has been ranging between .6300 and .6700, have been making some nice coin from it,
today i bought in at .6350 up around 40 pips now.
any views how ECB news will effect the move up, when they hold rates.

madrid mm 06:42 GMT January 9, 2008 Reply   
Hola and gm FX Jedi

8-) another day and other opportuinities

Frankie Bandung 06:02 GMT January 9, 2008 Reply   
Hallo ... for people who play EUR/USD ....

Buy if price higher 2 pips than 1.4735 ....
Sell if price lower 2 pips than 1.4705 ....

oceh .... GL /GT ...
GBU

Auckland peat 05:46 GMT January 9, 2008 Reply   
NY Trader 15:54 GMT January 8, 2008
whoever has the jugs must have the milk as well!


philadelphia caba 20:02 GMT January 4, 2008
I'm scaling in as well.
no divergence on the daily tho.

took some back with a 60 pip Eur/Chf short but blew some shorting Aud/Jpy in conflict with NYAMs excellent long GBP/Jpy
call
Holding my silver tho Gold continues to outperform.

Looking for gartleys.

Syd 04:26 GMT January 9, 2008 Reply   
AUD Set For Rocky Year On Global Volatility -ANZ
AUD set for challenging 2008 as concerns for global outlook will weigh, even if rate spreads lend some support, says ANZ currency strategist Tony Morriss. Notes rate differentials already at extremes; much depends on performance of USD in coming year. Says "weaker world growth and higher inflation is not a good combination for riskier assets." Says greater volatility, muted risk appetite makes less likely AUD/USD will regain ground. Expects pair to struggle above 0.9000 level; key longer term support at 0.8330. AUD/USD now 0.8812 from 0.8842 earlier.

Syd 02:46 GMT January 9, 2008 Reply   
BOJ Likely To Hike Twice in 2008 - Rabobank
2 rate hikes of 25 bps each still most likely scenario for Japan in 2008, Rabobank analyst Jan Lambregts says; prediction contradicts general market take, with overnight interest-rate swaps pricing in only 6bp rise over next 12 months, according to Credit Suisse. Many observers feel BOJ can't hike when Fed is in rate-cut mode, also see Japan economy stalling, but Lambregts says country's "recovery remains intact and should receive an artificial boost from a substantial rebound in construction spending during 1H08...we'd argue the worst is likely to already be behind us." However, notes that uncertainty over successor to BOJ Gov. Fukui, who steps down in March, could complicate rate hike issue.

USA Zeus 01:58 GMT January 9, 2008 Reply   
Beware for big range expansion and price extension.

Happy Day!

Syd 01:53 GMT January 9, 2008 Reply   
Bush convenes Plunge Protection Team
Keep an eye on Japan, still the world's top creditor by far, with $3 trillion in net foreign assets. The Bank of Japan has been the biggest single source of liquidity for the global asset boom over the last five years. An army of investors - Japanese insurers and pension funds, housewives and hedge funds borrowing at near zero rates in Tokyo - have sprayed money across the Antipodes, South Africa, Brazil, Turkey, Iceland, Latvia, the US commercial paper market and the City of London.

The Japanese are now bringing the money home, as they always do when the cycle turns. The yen has risen 13pc against the dollar and 12pc against sterling since the summer. We are witnessing the long-feared unwind of the "carry trade", valued by BNP Paribas in all its forms at $1.4 trillion.

http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/01/07/ccview107.xml&CMP=ILC-mostviewedbox

Syd 01:48 GMT January 9, 2008 Reply   

China is quietly revaluing the yuan
The People's Bank of China may at last be substantially revaluing its currency - even if officially it has told no-one.
http://www.telegraph.co.uk/money/main.jhtml;jsessionid=MCBSGR1MGE
4KDQFIQMGSFFOAVCBQWIV0?xml=/money/2008/01/08/bcnyuan.xml

Singapore Rompy 01:09 GMT January 9, 2008 Reply   
test

London sp 00:30 GMT January 9, 2008 Reply   
London NYAM 00:26 GMT January 9, 2008
If you do, next time you will be bed with BOB the chicken handler ( alias Alicia) rather than your wife...lol....g/n for me as well...

Makassar Alimin 00:26 GMT January 9, 2008 Reply   
well done NYAM, you were right
seeing DJI now hit 23.6% fib from 10/2002 low to 10/2007 high

London NYAM 00:26 GMT January 9, 2008 Reply   
Amsterdam Alicia 00:19//was just about to crawl into bed with MY wife when i saw that. Can i get your email from Jay? JUST KIDING!! Gnight now (seriously) i will have sweet dreams lol!

Atlanta MLF 00:20 GMT January 9, 2008 Reply   
jpy has weighed heavily on all others since the turn of the year. what will become of it in the next few days? will the yen continue to increase?

Amsterdam Alicia 00:19 GMT January 9, 2008 Reply   
London NYAM 00:17 GMT January 9, 2008

who's wife? - get one or more here!

USA BAY 00:18 GMT January 9, 2008 Reply   
LONDON NYAM,

Goodnite, see you London open.

London NYAM 00:17 GMT January 9, 2008 Reply   
austin mw 00:12// id bring the wife of course! on that note i bid you good night. BAY//hugs.

Atlanta MLF 00:16 GMT January 9, 2008 Reply   
(sorry about the typos) the eur/usd 1.43 low will be intact for some time to come. when it reached thoat level, it was the recurring trough before the steep incline. that is the pattern it has followed ytd.

Atlanta MLF 00:14 GMT January 9, 2008 Reply   
the eur/usd 1.43 low will be in tact from some time to come. when it reach those levels it was the recurring trough before the steep incline. that the pattern it has followed ytd

austin mw 00:12 GMT January 9, 2008 Reply   
NYAM, Amsterdam is no place for a married man like
yourself.

USA BAY 00:10 GMT January 9, 2008 Reply   
LONDON NYAM,

I think I owe you not only a drink but a feast for all your wonderful tips. Thanks again pal.

London NYAM 00:06 GMT January 9, 2008 Reply   
Bay "and you" or "et tu" as in "et tu Brutus"
want to hear what you think and what you are doing. helps in making a call time frame etc...
eurgbp needs to correct but it may not be the big cahuna just yet thats why im out. eurusd is a sellshort term to your levels for a reverse that will be quite impressive as long as that 143xx low stays intact.
you owe me a drink in a coffee shop in amsterdam :)

Syd 00:06 GMT January 9, 2008 Reply   
U.K. consumer confidence stayed subdued in December, reaching its lowest level since February 2007, despite the Bank of England's cutting interest rates to 5.5% from 5.75%, data from U.K. lender Nationwide showed Wednesday.

The Nationwide survey showed that consumer confidence fell to 85 in December from 86 in November. In February last year it also stood at 85.

"Another weak month for consumer confidence isn't surprising given current economic conditions," said Fionnuala Earley, Nationwide's chief economist. "Further rate cuts expected in the first quarter of 2008 may help to improve matters, but it is likely to be a few months before consumer confidence recovers to levels seen earlier (in 2007)."
http://www.nationwide.co.uk

USA BAY 00:04 GMT January 9, 2008 Reply   
LONDON NYAM,

I think we may have seen a top at 1.0008 for usd/cad and may 0.95xx could be the next target imvvho.