Forex Forum Archive for 01/11/2008

USA BAY 23:57 GMT January 11, 2008 Reply   
London Nyam,

As fo eur/cad since it has broken 1.5030 dont you think there is a possibility of 100% extension of 1.3285-1.5030/1.4162 at 1.5906. Just wondering. Pls feel free to comment. Thanks

GVI john 21:43 GMT January 11, 2008 Reply   
1.4775

new york 21:18 GMT January 11, 2008 Reply   
i am new user kindly inform me todays end rate of Euro

USA Zeus 20:22 GMT January 11, 2008 Reply   
USA Zeus 22:12 GMT September 18, 2007
Subject:
Well with a near dry well in the commercial paper market it was obvious that Cramer was right about Poole and the FOMC.
He was also right that they would force many mortgage companies out of business before acting so as to have the day late and dollar short effect for them but pump fuel into the fin'l system.


USA Zeus 22:14 GMT August 9, 2007
Subject:
Jim Cramerica was right on Fri and will win (as usual)

____________________________________________________

Winners are winners. The others are only SkEPTICs (THEY KNOW NOTHING, NOTHING!) LOL

USA Zeus 20:18 GMT January 11, 2008 Reply   
USA Skeptic 20:14 GMT January 11, 2008
It's people like you who keep winners like me here. Perhaps you "KNOW NOTHING, NOTHING!" just the same. Ignorance is bliss! LOL

Have a beer on Purk

Cheers!

USA Skeptic 20:14 GMT January 11, 2008 Reply   
Zeu, that is without a doubt the stupidest remark you've ever made on this forum, and man, you have made some dillies already.

USA Zeus 20:09 GMT January 11, 2008 Reply   
Well it is obvious. Cramer got it right when he went off "...THEY KNOW NOTHING...NOTHING". Had the fed cut like they should have instead of consciously squeezing the life out of the mortgage market first he would not have caused a train wreck. Free market system would have been just fine to cleanse the mortgage industry.

In the end Ben should have acted when it was obvious. Artificially manipulating the fixed income market to get one agenda driven item accomplished ruined control at the helm. Now he has lost the objective....will he get it back? Yes, eventually the academic will have learned to stick to the books and follow the system instead of freelancing from the control tower for that fat envelope stuffed with cash from a lobbyist.

Cramer for President!

The Netherlands Purk 19:57 GMT January 11, 2008 Reply   
Well my basket is filled with usd/jpy longs that i have been building up. I like that one going U and D.
I will leave my shorts e/u 14740. They will be closed as soon as i see those prices again. I am just a shorty trader.
Bye bye,dont waste your time fighting and arguing, be nice and give each other beers.....

dc CB 19:37 GMT January 11, 2008 Reply   
Reid, Pelosi ask to meet with Bush to discuss fiscal stimulus, want to pass stimulus package 'without delay' - Bloomberg

Maribor 18:09 GMT January 11, 2008 Reply   
Next stop for USDJPY 111,24.

London Gonner 18:04 GMT January 11, 2008 Reply   
happy new year 2008 to all. And good profits in trading.

Gold 200% extension fibo is $917 - may be a more logical short
area for anyone expecting retracements. I prefer being on the long side on supports and MAs rather than going against that trend.
$1030 area in next above $917.

Bought some Cable stop below 1.9450 'may bounce' in this bearish environement but still see some element of risk so small size as entry.

Euro/doll just formed a bullish hourly - looks will break higher than 1.4820.

USA Zeus 18:01 GMT January 11, 2008 Reply   
lkwd jj 17:52 GMT January 11, 2008

When you go back there later for dinner be sure to read the sign at the entrance- "Beggars can't be choosers"

PAR 18:00 GMT January 11, 2008 Reply   
Nikkei reporting no BOJ rate hike during 2008. Rate cut more likely .

lkwd jj 17:52 GMT January 11, 2008 Reply   
USA Zeus 17:16 GMT January 11, 2008
To later enjoy meat and potatoes Buy USD/JPY, EUR/JPY, GBP/USD
-----------------------------
at that rate it'll be at a soup kitchen !!!!!

USA Zeus 17:42 GMT January 11, 2008 Reply   
Maribor 17:41 GMT January 11, 2008

I don't trade those crosses 8-(

USA Zeus 17:41 GMT January 11, 2008 Reply   
London NYAM 17:39 GMT January 11, 2008

Perhaps a surprise 50 bps hike would get the markets moving. LOL

Maribor 17:41 GMT January 11, 2008 Reply   
Zeus, did you sell any EURGBP(buy GBPCHF)?

London NYAM 17:39 GMT January 11, 2008 Reply   
Ben. The market is calling you Ben!! Wheres your emergency rate cut Ben? lol

PAR 17:35 GMT January 11, 2008 Reply   
One tip. Often got stopped out on gold during the weekend in thin far eastern trading. Be carefully especially around $ 900 .

USA Zeus 17:31 GMT January 11, 2008 Reply   
Keep sell gold on rally mode for the Midas touch and pending drop.

USA Zeus 17:28 GMT January 11, 2008 Reply   
The later Meat and potatoes is now coming for buy on dip and we'll see you later.

Have good w/e

London NYAM 17:26 GMT January 11, 2008 Reply   
NS//Hi there! Presently giving back most of my gains ;( but the general idea is, assuming we stay off the lows, we base and run to 218 to 219. But I cant give a better target until/unless we break through that 214.26!

Amman wfakhoury 17:25 GMT January 11, 2008 Reply   
look to smooth fall of eur.jpy.

Mumbai NS 17:21 GMT January 11, 2008 Reply   
NYAM gud day mate where is ur t/p on stgyen glgt

London NYAM 17:18 GMT January 11, 2008 Reply   
Maribor. Ive seen some of your calls and they were excellent so Im not sure why you are unsure. Remember GBPCHF?
Anyway, I think we get another push up in EURCAD for next week, but im on alert to sell the pair because i think we are about to reverse and get a large move. IMHO. GLGT

USA Zeus 17:16 GMT January 11, 2008 Reply   
To later enjoy meat and potatoes Buy USD/JPY, EUR/JPY, GBP/USD.

Already moved fractional pips as I write this... LOL

Maribor 17:14 GMT January 11, 2008 Reply   
London NYAM 16:42 GMT January 11, 2008
Anyone else think EURCAD is starting to look stretched?
------------
Well, I haven't succeed to fit EURCAD in my theories for longer term - either today's close is below ~1,493 or it is going to 1,665. Probably my theories are no good...

Amman wfakhoury 17:13 GMT January 11, 2008 Reply   
Mumbai NS 17:01 GMT January 11, 2008
mm we will soon play to the tune of spice girls
====
spicy pips can bring the spicy girls

madrid mm 17:12 GMT January 11, 2008 Reply   
Yes me too PAR

Wishing all the contributors and readers of this wonderful forum a good w/e.

Sarkozy the french version of Bill and Monica ? That would be gr8

May the force be with you all FX jedi

8-)

ps - can someone please push gold above 900usd$ , it will make me look good
8-)

Amman wfakhoury 17:11 GMT January 11, 2008 Reply   
exited my short 20 spicy pips eur.jpy

PAR 17:10 GMT January 11, 2008 Reply   
http://news.bbc.co.uk/2/hi/europe/7182659.stm

Amman wfakhoury 17:08 GMT January 11, 2008 Reply   
madrid mm 17:00 GMT January 11, 2008
Amman wfakhoury relax, you might get a heart attack

====
I already have hi triglicride...it is in the way..

dc CB 17:03 GMT January 11, 2008 Reply   
BAC Bank of America: U.S. House Financial Services Panel Chair says BofA/Countrywide deal "positive development",
U.S. Rep Frank urges Countrywide ceo to give some of his $150 mln earnings to help subprime borrowers. - Reuters.

Fat chance of that. lol

PAR 17:01 GMT January 11, 2008 Reply   
Yen carries indicating PPT to start acting during NY afternoon. Have all a very nice weekend . Looking forward to read Cecilia s story on Sarkozy . Impeachement in France ?Lol.

Mumbai NS 17:01 GMT January 11, 2008 Reply   
mm we will soon play to the tune of spice girls lol!

London NYAM 17:00 GMT January 11, 2008 Reply   
mm//just heartburn.....

madrid mm 17:00 GMT January 11, 2008 Reply   
Amman wfakhoury relax, you might get a heart attack

8-)

Amman wfakhoury 16:52 GMT January 11, 2008 Reply   
wow..spicy pips available with many pairs.

Amman wfakhoury 16:51 GMT January 11, 2008 Reply   
anyhow eur.jpy will fall till 160.90

London NYAM 16:42 GMT January 11, 2008 Reply   
Caba//Well now you can throw the other ones in the bin. ;)
Anyone else think EURCAD is starting to look stretched?

philadelphia caba 16:40 GMT January 11, 2008 Reply   
It does, wanted to check it against couple of others views..

Amman wfakhoury 16:40 GMT January 11, 2008 Reply   
Amman wfakhoury 16:39 GMT January 11, 2008
20 spicy pips if we short eur.jpy now 16150

=====
it just decline 10 pips while writing the msg

London NYAM 16:39 GMT January 11, 2008 Reply   
Your Welcome Caba. I hope it makes sense.

Amman wfakhoury 16:39 GMT January 11, 2008 Reply   
20 spicy pips if we short eur.jpy now 16150

philadelphia caba 16:37 GMT January 11, 2008 Reply   
NYAM, thanks for e-mail..gt/gl!

London NYAM 16:29 GMT January 11, 2008 Reply   
Guess G/J could clear it cleat it or just punch it.

London NYAM 16:28 GMT January 11, 2008 Reply   
Some risk appetite may return:
GBPJPY needs to cleat 214.26 swing low.

Amman wfakhoury 16:15 GMT January 11, 2008 Reply   
it was too fast.

Amman wfakhoury 16:14 GMT January 11, 2008 Reply   
sorry..it was missed ..it was buying gbp.usd around 19570.

Amman wfakhoury 16:10 GMT January 11, 2008 Reply   
be ready for 20 pips with few minutes.

Maribor 16:07 GMT January 11, 2008 Reply   
That lines in sand I was talking about - maybe EURUSD will go to cross it at 1,4290(at 1,43096 it was not done) with GBPUSD staying at present levels(more or less). This would be consistent with expected EURGBP decline...just possibility. Also consistent with fact that EURUSD crossed turn level and is going down now. Or maybe I am wrong again.

Stockholm za 15:50 GMT January 11, 2008 Reply   

HK [email protected] 15:33 GMT >>

Despite/with all that, the trade deficit widened by some 2,1 billion. Which is a negative growth.

Philadelphia Caba 15:36 GMT January 11, 2008 Reply   
yep, thnx!

HK [email protected] 15:33 GMT January 11, 2008 Reply   
Canada lost jobs on December though unemployment rate remain the unchanged 5.9. Interesting. Maybe some of the claimants for jobs found other ones?

On the other front the export kept on rising: "Statistics Canada said that the value of exports jumped 3.1 percent to C$37.9 billion, halting a three-month decline. At the same time, the value of imports increased by a more modest 1.7 percent to C$34.2 billion, partially reversing a decline in October".(Reuters)

Can any one see here any bad news to justify the decline in the Cad$?

London NYAM 15:33 GMT January 11, 2008 Reply   
Caba//Send me an e-mail for that. K?

Philadelphia Caba 15:30 GMT January 11, 2008 Reply   
NYAM, if u don't mind..can you post your waves on eur/gbp weeklies, pls? tia!

madrid mm 15:28 GMT January 11, 2008 Reply   
Waveman, you will confuse him even more
LOL & thx

London NYAM 15:26 GMT January 11, 2008 Reply   
mm//Well then I shall share...But then why not here?
Currently:
long GBPJPY
long GBPUSD
Short EURGBP
Long USDJPY
Waiting to:
Short USDCAD
Long EURUSD
Hoping that:
Friday and Sunday AM gives the set-ups for the last two
Next week shows the
third wave for GBPUSD, C-wave for USDJPY, and EURUSD top for Q1 and maybe Q2 2008.

madrid mm 15:24 GMT January 11, 2008 Reply   
Central Banks Dance in Denial on Stagflation: Michael R. Sesit

Jan. 11 (Bloomberg) -- There's inflation and there's deflation. Both are bad, especially in excess, though stagflation -- defined as no or slow economic growth combined with a rising inflation rate -- holds a special place in the darker recesses of the dismal science's pantheon, not the least because of the dilemma it poses for central banks.

http://www.bloomberg.com/apps/news?pid=20601039&sid=aDp8nnhLXdpg&refer=home

madrid mm 15:20 GMT January 11, 2008 Reply   
Waveman, i believe this friendly chap, hardaez nishi , would like your input and gr8 knowledge on the GBP/YEN WAVES

8-)

Amman wfakhoury 15:11 GMT January 11, 2008 Reply   
austin gw 15:01 GMT January 11, 2008
====
some traders are cooking and eating the spicy pips..and some others smell only.

madrid mm 15:08 GMT January 11, 2008 Reply   
I am falling asleep. As the old saying goes, it is like watching paint dry

8-(

HK [email protected] 15:08 GMT January 11, 2008 Reply   
London NYAM 15:03 GMT January 11, 2008

What can we do, if people are stealing or posting in similar ID, but are not even intelligent enough to copy them properly.

London NYAM 15:03 GMT January 11, 2008 Reply   
HK [email protected] 14:58//LOL. I thought it the posts sounded a little harsher than you. I just thought you were in a bad mood. ;~)

austin gw 15:01 GMT January 11, 2008 Reply   
oh my WTF? Has this forum been taken over by a cooking class??

Amman wfakhoury 15:00 GMT January 11, 2008 Reply   
Canada NN 14:58 GMT January 11, 2008
====
in spicy pips..you have to act fast.

Amman wfakhoury 14:58 GMT January 11, 2008 Reply   
Los Angeles - bernie 14:56 GMT January 11, 2008
====
thks

Canada NN 14:58 GMT January 11, 2008 Reply   
Amman wfakhoury 14:56 GMT January 11, 2008
please remind to take profit. Thanks a lot.

HK [email protected] 14:58 GMT January 11, 2008 Reply   
All the posts below bearing the IDENTITY similar to mine....

HK RF 12:27 GMT January 11, 2008

Are definitely not mine. So please don't confuse me with that identity!!!!!!!!!!!!!!

Amman wfakhoury 14:56 GMT January 11, 2008 Reply   
Amman wfakhoury 14:14 GMT January 11, 2008
20 spicy pips if we long gbp.usd now 19570

====
my delicous dish of spicy pips prepared on slow fire

Los Angeles - bernie 14:56 GMT January 11, 2008 Reply   
Amman wfakhoury 14:14 GMT January 11, 2008
20 spicy pips if we long gbp.usd now 19570

Very nice. Thanks for posting

NY Rob 14:39 GMT January 11, 2008 Reply   
short usdcad 1.0205 against 1.0256, t/p parity or under

Mumbai NS 14:35 GMT January 11, 2008 Reply   
Tallinn viies 14:31 GMT January 11, 2008

For a seasoned campaigner like u i have no reason to suggest however if we fail to clear the highs soon think a close arnd here wuld not be too gud for euro ....a downside probe wuld then be a possibility especially if we break 1.4740 today on closing all imho though cheers gud trades gl gt

Tallinn viies 14:31 GMT January 11, 2008 Reply   
NYC jr 14:19 GMT - it is frustration and this is true what you said. But charts do look very very bullish right now. if we close here today then it will look even better

madrid mm 14:28 GMT January 11, 2008 Reply   
Tallinn viies talk to your broker nicely they might be able to help
NY , yes indeed 8-)
PAR, the secret is...There is noo secret

Smething is brewing and it is not my coffee. And I feel it !

8-)

St. Annaland Bob 14:23 GMT January 11, 2008 Reply   

AUD/CAD: trades above 200 WMA (weekly 10YR chart) ... it never happened during the last 10 years that the cross did not trade the 200 MA price again the week after after crossing it to the upside for the first time ... currently, it trades more than 100pips above that line ... I hope that helps ... I call it a week ... great w/e to all

PAR 14:21 GMT January 11, 2008 Reply   
" The Secret " Since Bernanke has always been interested in the Great Depression he is attracting recession. As Trichet has always been interested in inflation and banking scandals he is attracting both . No need to tell that the ccopreation between Bernanke and trichet would be a deadly cocktail . Lol.

NYC jr 14:19 GMT January 11, 2008 Reply   
fear leads to anger, anger leads to hate, and hate.. leads to suffering...

Tallinn viies 14:18 GMT January 11, 2008 Reply   
madrid mm 14:07 GMT - yep, shure thing.
I was short yesterday and reversed later but now it doesnt move.
I want my money back :)

Amman wfakhoury 14:14 GMT January 11, 2008 Reply   
20 spicy pips if we long gbp.usd now 19570

madrid mm 14:11 GMT January 11, 2008 Reply   
“Remember, a Jedi's strength flows from the Force. But beware. Anger, fear, aggression. The dark side are they. Once you start down the dark path, forever will it dominate your destiny. Luke..."

Yoda

Come to think of it, Yoda had his training in a FX trading room, that s for sure

LOL

madrid mm 14:07 GMT January 11, 2008 Reply   
Tallinn viies

Dark Forces at play...Beware of the Dark Tallinn viies !!
8-)

Haifa ac 13:55 GMT January 11, 2008 Reply   
PAR 13:43 GMT January 11, 2008
the other $ 5 billion stems from non oil imports ./

This is the cost of security on Bush Trip to the ME.

Tallinn viies 13:54 GMT January 11, 2008 Reply   
Im in serious trouble to understand why euro doesnt move today. Everything is set up for go above last week high but it just sitting hereunder 1,48.
any idea

Mumbai NS 13:45 GMT January 11, 2008 Reply   
Was expecting some spicy signals surprised not come in yet tgif

NY Trader 13:44 GMT January 11, 2008 Reply   
Looks like Aud & Nzd have become new safe haven currencies --- LOL

GL/GT

PAR 13:43 GMT January 11, 2008 Reply   
Only $ 1 billion of the deterioration in US trade deficit is oil related , the other $ 5 billion stems from non oil imports .

madrid mm 13:36 GMT January 11, 2008 Reply   
For relaxing -

Oui the frog sits on a miniature motorcycle in the eastern beach town of Pattaya January 10, 2008. Oui's owner says Oui loves playing with human toys and posing for photographs.
Click here!

Stockholm za 13:17 GMT January 11, 2008 Reply   
re...

A typical Friday want to be prof.. classic.
censored - You are buying into the resistance band with a very very large stop lost.
What ever the target is , the odds is still against you …..

madrid mm 12:52 GMT January 11, 2008 Reply   
We have a nice little spike in usd/cad
8-)

HK RF 12:27 GMT January 11, 2008 Reply   
KL FS 12:22 GMT January 11, 2008 ,
Situtaion is difference, now is saying rate cut

Maribor 12:26 GMT January 11, 2008 Reply   
USDCAD - line in sand (as were 1,43 and 1,954) may be at 1,0214. If it hold around here, we may still see 0,97, otherwise targets are 1,0755 and long term 1,443.

NY Trader 12:25 GMT January 11, 2008 Reply   
Philadelphia Caba 12:17 GMT January 11, 2008
Thanks Caba---I'll look it up---

GL/GT

London NYAM 12:24 GMT January 11, 2008 Reply   
Caba//I prefer the 34D SMA since this bull run has been going for 1 year.
RF//You cracking me up this AM. lol.

KL FS 12:22 GMT January 11, 2008 Reply   
HK RF 12:19 GMT January 11, 2008

same when gbpusd at 2.11 to say under 2 was impossible ;)

Makassar Alimin 12:20 GMT January 11, 2008 Reply   
just bought usdchf 1.1030, stop should be under today's low,if lucky enough 1.13 should come next

HK RF 12:19 GMT January 11, 2008 Reply   
KL FS 12:10 GMT January 11, 2008,
Visit 2.00? impossible.

Philadelphia Caba 12:17 GMT January 11, 2008 Reply   
NY Trader 12:14 GMT
check archive, esp. shanghai bc posts a few months back about rbnz & intervention..it doesn't make any sense to intervene & keep rates so high..

Philadelphia Caba 12:14 GMT January 11, 2008 Reply   
London NYAM 12:06 GMT
is 20dma target?

NY Trader 12:14 GMT January 11, 2008 Reply   
Will there be any intervention by RBNZ if Nzd/Usd crosses 0.7900--- Any thoughts?
Very interesting to see, in spite of ongoing carry liquidation, Eur/Nzd, Eur/Aud, Gbp/Nzd, Gbp/Aud are weakening throughout this wk--- Hmmm--

GL/GT

HK RF 12:12 GMT January 11, 2008 Reply   
Jerusalem ML 11:51 GMT January 11, 2008
You are wrong

Amman wfakhoury 12:11 GMT January 11, 2008 Reply   
Jerusalem ML 11:51 GMT January 11, 2008
=====

hope you did not follow tip of the day ?

KL FS 12:10 GMT January 11, 2008 Reply   
i think gbpusd has made bottom for this month, buy 1.9573 stop under today's low, should visit 2 again

London NYAM 12:06 GMT January 11, 2008 Reply   
Maribor//EURGBP: Sell it here sell it if it goes up a little sell it if it goes down then up a little...Sell it stops above .7625

Philadelphia Caba 12:03 GMT January 11, 2008 Reply   
CAN ECON: Employment -18.7k, Unemploy Rate 5.9%

Jerusalem ML 11:51 GMT January 11, 2008 Reply   
HI all

Tip of the day -

SELL Usd/CAD around 1.01
Target below parity

(personal view strong labour # due around 40k)

madrid mm 11:23 GMT January 11, 2008 Reply   
Outside the Box: Suggestions for Becoming a Better Trader Click here!

Philadelphia Caba 11:17 GMT January 11, 2008 Reply   
Hong Kong Qindex 08:39 GMT January 11, 2008
got .75881 as high today..any downside point in your system,pls? tia!

Maribor 11:14 GMT January 11, 2008 Reply   
London NYAM 11:01 GMT January 11, 2008

I changed my mind about cable down under...what wave analysis tells you about EURGBP and GBPCHF?

madrid mm 11:13 GMT January 11, 2008 Reply   
bernankes_cash_handout

http://www.flickr.com/photos/fintag/1285094348/

8-)

madrid mm 11:07 GMT January 11, 2008 Reply   
My anticipated ( calm down people calm down !!!) and useless call for the day -

gold above 900 today !

8-)

Philadelphia Caba 11:05 GMT January 11, 2008 Reply   
isr jweb 10:55 GMT
well, interesting ... I dont think the british r so weak (or will be) to be forced to get into euro ... Eurozone will have more & more troubles with new countries.. imo.

London NYAM 11:01 GMT January 11, 2008 Reply   
Longed gbpusd 1.9557 adding lowerlevels stop below todays low. I like the break of the swing low 1.9540 area. Particularly like all the calls for sub 1.9000. Tageting 1.98xx ti 201.xx
Last post for a while have fun.

isr jweb 10:55 GMT January 11, 2008 Reply   
caba i think (and have said so many times) that in my view the euro has an agenda with the gbp, it wants to weaken it till the british will be begging to get in.

Personally, i think that the euro is not good fundamentally, especialy vs usd, heavily overpriced, very very poor countries in there, and really not united like the us. but trends are trends and the big boys make the desicions. we just play along when we understand.

Untill there is no serious break in the eur/gbp, i would keep out. - or buy it on dips..

Philadelphia Caba 10:47 GMT January 11, 2008 Reply   
isr jweb 09:13 GMT January 11, 2008
eur/gbp: got stopped out..you were right yesterday, I was wrong...but the pair looks overstretched .. lets see today/this week close (+ close gbp/usd) .. think that correction (if ..) can be tradeable..gt!

Rivonia PipPirate 10:36 GMT January 11, 2008 Reply   
Morocco Illy 10:26 2008 ONLY "Fun Fridays" no more "Fighting Fridays", but if you lose many $ on Friday, fighting is ok.
Good censored and good trades

PAR 10:33 GMT January 11, 2008 Reply   
Us stocks look good as Dow has been rising three of the last three days . The first positive week of the year ?

Morocco Illy 10:26 GMT January 11, 2008 Reply   
Funny and good humour for all - no serious me.
good luck

isr jweb 10:22 GMT January 11, 2008 Reply   
fm. where do u see tp foreur/usd long? for today at least

Rivonia PipPirate 10:21 GMT January 11, 2008 Reply   
Morocco Il Man in Morocco with no wife needs camel to smoke, woman in Morocco with no man needs vibrating camel...one hump or two? lol

Amman wfakhoury 10:17 GMT January 11, 2008 Reply   
gbp.usd
------
are you still selling after each rise..then you will make good profit.

Auckland Trotter 10:16 GMT January 11, 2008 Reply   
Morocco Illy 10:01 GMT January 11, 2008
I am an exception – don’t wear glasses, have long hair, a beard and my weight is well under the obese classification.

All good humour.

Glgt

Lahore FM 10:10 GMT January 11, 2008 Reply   
HK RF 10:02 GMT January 11, 2008
recovery today a1.9590 makes for 2.01/02 over coming days.

off for now!

Maribor 10:07 GMT January 11, 2008 Reply   
GBPCHF 2,1423 was minor turn level, also done...

HK RF 10:02 GMT January 11, 2008 Reply   
Lahore FM 09:55 GMT January 11, 2008
Any view on GBP?

Morocco Illy 10:01 GMT January 11, 2008 Reply   
Trotter - In my country we say you are Nerd. Big fat Nerd with glasses.

Amman wfakhoury 10:01 GMT January 11, 2008 Reply   
Amman wfakhoury 06:25 GMT January 6, 2008
Subject:
gbp.jpy
====
new carry trade session will start @ level 212.00-213.00

Auckland Trotter 10:00 GMT January 11, 2008 Reply   
Haifa ac 09:50 GMT January 11, 2008
Libido in its common usage means sexual desire; however, more technical definitions, such as those found in the work of Carl Jung, are more general, referring to libido as the free creative—or psychic—energy an individual has to put toward personal development or individuation.

Morocco Illy 10:00 GMT January 11, 2008 Reply   
Man with no alibi needs US election campaign.

Morocco Illy 09:58 GMT January 11, 2008 Reply   
Haifa ac 09:50 - ha ha ha. Man with no wife need rubber chicken. Wife with no man need vibration model.

Who is Bob?

Lahore FM 09:55 GMT January 11, 2008 Reply   
post IP data gbpusd has broken below 1.95.gbpjpy also surprised with break below mid 213.twi is at one of the lower levels for gbp.there might be some support soon to be found for it but it looks there is no immediate buying coming up for gbpusd or gbpjpy.

eurusd shud not turn bearish or it will be a usd day.

Maribor 09:51 GMT January 11, 2008 Reply   
isr jweb 09:13 GMT January 11, 2008

I agree that weekly chart of EURGBP does not look like sensible short, but testing approach on other pairs gave quite accurate results(still 200 pips error can easily happen).

Haifa ac 09:50 GMT January 11, 2008 Reply   
HK RF 09:48 GMT January 11, 2008
PAR 09:39 GMT January 11, 2008
What is a-libi?//
It is someone without libido.

HK RF 09:48 GMT January 11, 2008 Reply   
PAR 09:39 GMT January 11, 2008
What is alibi?

PAR 09:39 GMT January 11, 2008 Reply   
Yes I was wrong ;but that leaves BOE without an alibi . LoL.

HK RF 09:34 GMT January 11, 2008 Reply   
PAR 09:13 GMT January 11, 2008
You are wrong this time

Syd 09:34 GMT January 11, 2008 Reply   

UK 3Mo Mfg Output -0.2%; 3Mo Industrial Production -0.1%
UK Oct Indus Production Revised To +0.5% MM, +1.0% YY
UK Nov Indus Production Forecast +0.1% MM, +0.5% YY
UK Nov Industrial Production -0.1% On Mo; +0.4% On Yr
UK Nov Mfg Output Was Forecast At +0.1% MM, +0.3% YY
UK Nov Mfg Output -0.1% On Mo, +0.1% On Yr

Auckland Trotter 09:33 GMT January 11, 2008 Reply   
Having taken my pips profit so for this session I have mixed information on my indicators at the moment for the EUR/USD.

There is a resistance level around 1.4812 with the monthly R1 pivot at 1.4804.
The next support level I have is SMA (96) on the 15 min chart at 1.4762. Below that is SMA (96) on the 30 min chart at 1.4719 with the daily M2 pivot at 1.4721.

1 hour charts and above give down pressure, 30 min and below give up pressure.

The market is going flat with the opening of the UK market, so we shall see if it is a case of the price bouncing or what.

PAR 09:13 GMT January 11, 2008 Reply   
BOE probably knew that today s UK IP and manufacturing output will be better than expected , giving them an alibi why not to cut rates .

isr jweb 09:13 GMT January 11, 2008 Reply   
longing eur/usd tp 1.51 sp 1.45. it looks in the cards. in my view shorting eur/gbp isnt a good idea.

The Netherlands Purk 09:12 GMT January 11, 2008 Reply   
Already thinning out my e/u shorts, still have some more 14740 also so one has to manage his risk….

USA 09:02 GMT January 11, 2008 Reply   
Morocco Illy 08:48 GMT January 11, 2008
Amman wfakhoury 08:25 - What is vibration model? Like wife might use?
No BOB..It is smothing that you use on your rubber chickens////

Morocco Illy 08:48 GMT January 11, 2008 Reply   
Amman wfakhoury 08:25 - What is vibration model? Like wife might use?

Maribor 08:47 GMT January 11, 2008 Reply   
It is time for big boyz to build core positions in short EURGBP and long GBPCHF that they will sell in a year or two.

Hong Kong Qindex 08:39 GMT January 11, 2008 Reply   
EUR/GBP : 0.7584 is a good resistant point. The next one is 0.7597 before the market challenges the weekly cycle normal upper limits at 0.7605 - 0.7644 .

Amman wfakhoury 08:25 GMT January 11, 2008 Reply   
GBP/USD
======
sell level confirmed @19600...heading twd 19470 in vibration model...sell after each rise and sell another if rise more.

Maribor 08:17 GMT January 11, 2008 Reply   
GBPCHF long term turn level done at 2,145; EURGBP possible minor turn level done at 0,7579(one even smaller still at 0,7616, long term turn level already done at 0,7545). GBPUSD 1,954 is not line in the sand(triggering stops could be expected for such long term points), but seams to means return to higher level later. USDJPY turn level(short term) done at 109,05, now up again. EURCHF new low, presumably to help archive GBPCHF target, but expect wave up again.

As today is Friday, cornering of wrong positioned might still be expected till mid Monday.

madrid mm 08:10 GMT January 11, 2008 Reply   
A pleasure PAR.
Please keep posting your wonderful analysis !!
You are one of the best as far as i am concerned

8-)

China Is coming big way in 2008, 2009, 2010, etc....LOL it means i will have to work Asian time... no more "Noches locas " for me
8-)

Jan. 11 (Bloomberg) -- Standing before China's central bank in Beijing it's hard not to feel as if you are at the center of the universe.

Londoners, New Yorkers and Tokyo residents may object to that characterization, yet perhaps no institution will be more in the spotlight in 2008. While the Federal Reserve in Washington, the European Central Bank in Frankfurt and the Bank of Japan in Tokyo will do their thing, events in Beijing may matter most.

http://www.bloomberg.com/apps/news?pid=20601039&sid=aQbObcahkQ34&refer=home

PAR 07:26 GMT January 11, 2008 Reply   
Madrid / Again thanks for your daily excellent morning comments .

Geneva 07:22 GMT January 11, 2008 Reply   
Euro will start suffer as the GBP from the fact that the ECB didn't cut rate! the market should change view!

Amman wfakhoury 07:15 GMT January 11, 2008 Reply   
bilbao pedro 07:10 GMT January 11, 2008
its now 1.9510...so???

===
heading twd 19470

Geneva 07:12 GMT January 11, 2008 Reply   
Cable first target 1.88

Amman wfakhoury 07:10 GMT January 11, 2008 Reply   
Amman wfakhoury 15:04 GMT January 10, 2008
Subject:
gbp.usd..
=======
be aware of the fall after a little more rise.

bilbao pedro 07:10 GMT January 11, 2008 Reply   
its now 1.9510...so???

Amman wfakhoury 07:08 GMT January 11, 2008 Reply   
Amman wfakhoury 11:11 GMT January 10, 2008
Subject:
Sofia Kaprikorn 11:00 GMT January 10, 2008
=====
this is to inform you that gbp.usd may touch the levels 19690 and 19510.

Canada NN 07:03 GMT January 11, 2008 Reply   
GBP down again

madrid mm 06:58 GMT January 11, 2008 Reply   
OK FX JEDI, have a gr8 day

May the force be with you

8-)

madrid mm 06:50 GMT January 11, 2008 Reply   
* NYT: Merrill Lynch is expected to suffer $15 billion in losses stemming from soured mortgage investments, almost double its original estimate, prompting the firm to raise additional capital from an outside investor.

* Merrill is expected to disclose the huge write-down when it reports earnings next week, according to people who have been briefed on its plans. (some talks that the above losses have been denied - no details yet).

* WSJ Fed Watcher Greg Ip: Bernanke Opens Door to Steep Cuts Amid Increased Risks to Economy: The Fed could move before Jan 29-30, but it prefers not to change rates between meetings.

* BoJ Gov Toshihiko Fukui says Japan economic growth is slowing due to housing slump. Uncertainty over global economy is rising. Rate hike stance intact. JPY remains very weak in real terms. Concerns over US economy has spurred stronger JPY.

* Times: The US Senate has ordered an inquiry into "sovereign wealth" funds controlled by foreign governments as Citigroup and Merrill Lynch negotiate a second wave of capital injections from the funds. The Government Accountability Office, the US equivalent of the National Audit Office, this week began investigating the sovereign wealth funds, which in recent weeks have invested about $35b (GBP17.9b) in UBS, Bear Stearns, Morgan Stanley, Merrill Lynch and Citigroup.

* FT: The US is at risk of losing its top-notch triple-A credit rating within a decade unless it takes radical action to curb soaring healthcare and social security spending, Moody's, the credit rating agency, said on Thursday. The warning over the future of the triple-A rating - granted to US government debt since it was first assessed in 1917 .

* China 2007 trade surplus hit $262.2b, +47.7%y/y - Xinhua.

* WSJ: Bank of America is in advanced talks to acquire struggling Countrywide Financial.

* Another choppy day, with the Asia started with Cross/JPY, stocks looking for upside after Fed Bernanke gave a boost to stocks on hopes of 50bps cut.

* Then came the NYT article on Merrill losses which triggered fresh waves of risk aversion, JPY carry trades unwinding, firmer UST on flight to safety. USD/JPY extended losses in late Asia trading, falling to 108.85 lows 109.15 earlier as 2 large US money center banks and banking group, funds sold large , and down from 109.50-55, after earlier bouts of buying after fixing to 109.70-71.

EUR/JPY extended losses to day lows of 161.23, down from above 162, and falling >1 yen from 1-wk highs 162.29 as Cross/JPY broadly lower on risk aversion.

AUD/JPY, NZD/JPY, GBP/JPY all sharply lower as stocks continue to head to new lows, with Nikkei falling to 2 year 3 month lows. Real money, sovereign demand in EUR, pushed EUR up above 1.4806-10 again, as mkt player remains bullish EUR, EUR/Crosses on hawkish ECB Trichet, bearish USD on dovish Bernanke and bearish Cable on expectation of BoE cut in Feb. AUD remains firm near 2-m highs, but speculation of huge 0.9000 options.

Nikkei -1.93% or -277.32 to close 14,110.19, low since Nov 2005. JGBs firmer, 10-yr yield -0.010% at 1.425%.

Crude oil edge up after fall in NY, $94.40, +0.72. Gold near all time highs $898, now $892.90/60.

bilbao pedro 06:44 GMT January 11, 2008 Reply   
just shorted AUDUSD 8933....longed EURUSD at 1.4795...

Geneva 06:43 GMT January 11, 2008 Reply   
Mega ress on euro between 1.4820/1.4860.

madrid mm 06:41 GMT January 11, 2008 Reply   
so the Only question today is -
1.4900ishh
or
1.1.4690ish
euro/usd ?

The Netherlands Purk 06:41 GMT January 11, 2008 Reply   
Adding euro shorts above 148 still for that 14688 thingy.

madrid mm 06:40 GMT January 11, 2008 Reply   
Geneva We always need a bit of Humour in here !!

Have a gr8 day

8-(0

Geneva 06:39 GMT January 11, 2008 Reply   
madrid mm 06:36 GMT January 11, 2008

Sell Dollar Humor, Buy dollar news ....... :-)

madrid mm 06:36 GMT January 11, 2008 Reply   
Geneva, sell the Humor ?
I like your style 8-)


Hello and GM FX Jedi from the land of corridas

8-)

Geneva 06:33 GMT January 11, 2008 Reply   
Sooner or later the Fed rate cut will faveur the dollar! sell on the humor buy on the news! nothing changes. dollar much higher later on.

Rye, NY et 05:04 GMT January 11, 2008 Reply   
Eur/Usd...fwiw....We're at the top of the Bearish Channel I've posted about before. If there is not a significant upside breakout, then I would look for 1.4300 over the next two weeks...imvho...

dc CB 04:12 GMT January 11, 2008 Reply   
Well try this instead.
http://www.financialsense.com/Market/wrapup.htm?321gold

dc CB 04:10 GMT January 11, 2008 Reply   
Today

Syd 03:33 GMT January 11, 2008 Reply   
If Bank of America Corp. ends up purchasing Countrywide Financial Corp., it could inherit a flood of legal trouble.

The Calabasas, Calif., mortgage lender is facing a barrage of borrower suits and investigations by federal and state agencies for alleged lending and loan-servicing abuses as well as shareholder suits stemming from its financial decline. Countrywide didn't return a request seeking comment. Bank of America declined to comment.

In the event of a takeover, an acquiring company typically assumes the responsibility to address pending litigation. It can take steps to limit the risks associated with litigation, although "it's very difficult to eliminate all risk," said Andrew Sandler, a partner with Skadden, Arps, Slate, Meagher & Flom LLP. Halliburton Co. had to pay billions of dollars to settle asbestos-related claims at Dresser Industries, a company it acquired in 1998. Germany's Bertelsmann AG has paid tens of millions of dollars to settle copyright litigation in connection with its 2000 investment in Napster, the music file-sharing network.

An acquisition could make resolving the litigation even more difficult because plaintiffs in pending suits might try to take advantage of the Charlotte, N.C., bank's deep pockets. If Countrywide were instead to file for bankruptcy-court protection, the potential to collect damages would be considerably diminished.

ABHA FXS 02:12 GMT January 11, 2008 Reply   
Short AUDUSD 0.8950 Stop 0.9035 T 0.8582

Maribor 00:13 GMT January 11, 2008 Reply   
Geneva DS 22:54 GMT January 10, 2008
gbpusd to fall massively to 1.4000 before the expected rise and correction... all the best to all
-----------------------------------

I thought that also, but than came 1,954 which I guess have the same meaning as 1,43096, so no strong opinion any more about EURUSD and GBPUSD.