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Forex Forum Archive for 01/21/2009

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lkwd jj 23:24 GMT January 21, 2009
cable

stopped out with trailer @85. this mkt is smokin some mean weed now! all over the place between 1.39-1.40. order to go long @ 1.3850.

lkwd jj 22:44 GMT January 21, 2009
cable
Reply   
candlestix have a hammer bottom for today.imho long from 13950

Syd 22:21 GMT January 21, 2009
ACTU calls for summit to save Aussie jobs
Reply   
TRADE unions have called for a jobs summit to look at ways to stop further mass sackings as the downturn in the economy begins to bite.The calls come as more than 3000 jobs were axed by mining giant BHP Billiton, the latest casualty of the global economic crisis. Unless the Federal Government intervened between 200,000 and 250,000 jobs could be lost in the next 12 months, ACTU president Sharan Burrow said."If we get major companies, business leaders, ourselves, government, in a room and look at what can be done, it just might enable us to tackle this issue far more rapidly," she said on ABC radio. Ms Burrow conceded it may not stop the financial crisis. "But it might get consensus about what we can do."

The big cull: Rudd faces his worst nightmare

fl jf 22:16 GMT January 21, 2009
double whammy session

fx is an education in itself, the market is full of patterns and few explanations until after the fact.

if you cant trade without explanations first then this is probably not for you.

euryen $yen eurusd - has 3 distinct trends and patterns - all 3 can absorb volume so you have to be able to calculate the effect of support and resistance in each - then you will see its not possible for any individual one to trade completely freely or match performance of the other. this is due to someone executing the trade..... if you have to sell 1.5 bio euryen and someone needs to buy 200 eurusd .... eurusd is not going to rise as fast until more buyers emerge. GT

Porto Luso 21:51 GMT January 21, 2009
double whammy session

If the option consequence was selling usd against jpy (mni said it was a major ny broker), shouldn't eurusd go high at the same time? and eurusd going higher in some way support eurjpy? During that hour of trading, eur lost 3,35% against the yen and usd only lost 2,8%. I dont understand it.

lkwd jj 21:33 GMT January 21, 2009
cable
Reply   
i assume if we go above 140.27 well get to al's level in a hurry.

lkwd jj 21:28 GMT January 21, 2009
swissy
Reply   
lkwd jj 17:23 GMT January 21, 2009
swissy: Reply
chf
Entry: Target: Stop:

usdchf looks topish on hourlies. short from 79 stop above highs.
---------------------------
stopped out. more like stampeded by hillinbrand express but reshorted. risk apetite should hurt usd. chart looks good for short.

Syd 21:18 GMT January 21, 2009
fx
Reply   
Germany Heading for Deep Recession

DJs in warning of grim yearDavid Jones is to axe about 10 per cent of its back-office staff in an attempt to shore up profits in the midst of the worst Christmas trading in decades and dire warnings for the rest of the year.Sales were down by 9.5 per cent over Christmas."We don't want to end up like the Australian Discount Retail Group, no retailer does," he said, referring to the appointment of receivers to the owners of the Crazy Clark's chain of discount stores on Tuesday.

Dollar could fall as low as US57cA CURRENCY guru who predicted the Australian dollar's dramatic fall from grace says it will drop further as the global financial crisis takes a growing toll on key export markets in Asia.

The global head of currency strategy at BNP Paribas, Hans Redeker, yesterday said uncertainty about when Asian growth would revive could force the dollar as low as US57c in the next six months.


MLT PA 20:26 GMT January 21, 2009
G7 comment on sterling.
Reply   
GBP spiked up because the G7 said that sterling weakness will be dicussed at the next summit.

Tonbridge AL 20:24 GMT January 21, 2009
gbp.usd spike

cc the chart on the help forum for the visual aspect of the breakdown level that ought to be retested

jkt-aye 20:16 GMT January 21, 2009
gbp.usd spike

until 1.4070 ?

Amman wfakhoury 20:10 GMT January 21, 2009
gbp.usd spike
Reply   
spike is coming

Syd 20:00 GMT January 21, 2009
EUROPE
Reply   
S&P cuts Portugal sovereign rating to A+ from AA

As Chinese growth tumbles and social unrest rises, even Jimmy Rogers, Mr. ChineseCheerleader who couldn’t quite believe his own BSLINK

jkt-aye 19:51 GMT January 21, 2009
cable
Reply   
jkt-aye 18:06 GMT January 21, 2009
Cable: Reply
any radars detect cable toward 1.3870 today ? tia
-----
i think so :)

Hillegom-Noord Purk 19:11 GMT January 21, 2009
jpy

hmmm interesting that option thingy. It makes sense. Guess the best of the rest is doing their deals on that today. Read something about Tonbridge. Seems to be a nice place. So many places, and so much time...

Tonbridge AL 18:31 GMT January 21, 2009
double whammy session

madrid. they may very well have been asleep but the reality is carry is not an issue for anyone doing carry is being literally carried out by the daily volatility

GVI Forex Jay 18:28 GMT January 21, 2009
CHF

More from GVI Forex:

Some rumours SNB intervening in EURCHF. just rallied 50pips.

madrid 18:28 GMT January 21, 2009
double whammy session
Reply   
Talk of a double whammy for some of the currencies..

-Japan Inc. sells less good sand products to the world and they are getting more expensive. Now THAT is a DOUBLE whammy. Carry trade new wave ---> borrow cheap us$ and invest it in yen

-USA Inc, US$ is getting stronger, and so, not many can afford its goods and products now because of the R word

-EU Inc, Euro is weakenig, but there is too much infighting going on in between the members

And the rest of the world is watching.

Is it the end of the world yet ?

If AL is right regarding this , 90us/yen option, i wonder where was the risk manager ? At sleep ? Or their models need refreshing again by pressing the key F9 on a regular basis each day....

8-)

Tonbridge AL 18:16 GMT January 21, 2009
jpy

a market maker acquired a position long usd/jpy at 90 via an option position that they did not want and rather than hedging they got rid of a bum position. the illiquid NY mkt could not do the size so the one timeframe directional move only came to a halt once all the other smaller stops were cleared out of the way reverting the market to a semblance of 2 way risk. The spill over into the eur/jpy however for the moment has done some chart damage and it remains to be seen during the rest of this week if it is serious or if it can recover

porto Analistafx 18:12 GMT January 21, 2009
GVI
Reply   
GVI Forex Jay 18:01 GMT January 21, 2009

Thanks Jay!
Very important that information: explains why chf is falling against the majors.
GT & GL

Lahore FM 18:09 GMT January 21, 2009
Trade Ideas

long gbpchf 1.5917,stops 1.5680.

usdjpy 2nd long 88.14,stops for this alone at 87.65.

philadelphia caba 18:08 GMT January 21, 2009
jpy

AL, could you be more specific, pls? thanks

Tonbridge AL 18:06 GMT January 21, 2009
jpy

it was option related. someone had to liquidate a bad position

jkt-aye 18:06 GMT January 21, 2009
Cable

any radars detect cable toward 1.3870 today ? tia

GVI Forex Jay 18:01 GMT January 21, 2009
CHF
Reply   
For those who missed it, this was posted on GVI Forex (17:35 GMT) and why usd/chf spiked higher a little while ago:

SNB Hildebrand: SNB could sell unlimited amounts of Swiss Francs

porto Analistafx 17:46 GMT January 21, 2009
jpy
Reply   
NYC ET 17:40 GMT January 21, 2009
jpy: Reply
Porto. Alot of us are asking the same question.

Thanks NYC ET. Very strange and no one knows what happened. BOJ intervention? Dont think so.
GT & GL

lkwd jj 17:43 GMT January 21, 2009
swissy
Reply   
chf
Entry: Target: Stop:

50 ma dailies right at highs now.

NYC ET 17:40 GMT January 21, 2009
jpy

Porto. Alot of us are asking the same question.

porto Analistafx 17:36 GMT January 21, 2009
jpy
Reply   
porto 17:05 GMT January 21, 2009
jpy: Reply
Its possible to know why all fall suddenly about 400 pips against jpy?
TIA.


No one?

singapore td 17:28 GMT January 21, 2009
euro
Reply   
euro should lose 1.28 ground next, only a minor bounce from 1.27 and then welcome 1.23-1.25 again

lkwd jj 17:23 GMT January 21, 2009
swissy
Reply   
chf
Entry: Target: Stop:

usdchf looks topish on hourlies. short from 79 stop above highs.

HK Kevin 17:08 GMT January 21, 2009
Cable
Reply   
1.3613 may be bottom for Cable in Jan.
USD/JPY may test 88.50 level again within 24 hrs.

porto 17:05 GMT January 21, 2009
jpy
Reply   
Its possible to know why all fall suddenly about 400 pips against jpy?
TIA.

Maribor 17:04 GMT January 21, 2009
GBPAUD
Reply   
And after ~2,137 done back to 2,1...
---------------
Target @2,1003...

St. Louis SAJ 16:57 GMT January 21, 2009
Portugal debt
Reply   
Portugal debt rating just cut. Hearing BB+, but no confirmation yet

Spain, Italy no doubt to follow. Distinctly NOT bullish for Euro, middle- to long-term.

Amsterdam Purk 16:55 GMT January 21, 2009
usd/jpy

Hmmm, looks like this 87 handle thingy is a tough one, like if it is here and halt!

makassar alimin 16:45 GMT January 21, 2009
usdjpy

closed all at 88.08, good enough

mumbai pk 16:36 GMT January 21, 2009
usdjpy

good trade

makassar alimin 16:32 GMT January 21, 2009
usdjpy
Reply   
closed half at 87.81, stop to BE

Jerusalem ML 16:25 GMT January 21, 2009
buy.
Reply   
EUR
Entry: Target: Stop:

I think we're close to a buy on eurusd
1.32 possible even this week
Gold 870 and gbpyen 125

GT

mumbai pk 16:24 GMT January 21, 2009
SELL FOR QUICK GAIN
Reply   
Sell
Entry: 87.70 Target: 86.00/85.00 Stop: 88.40

ALL SET TO REVERSE AGAIN

makassar alimin 16:19 GMT January 21, 2009
catching a falling knife
Reply   
Buy usdjpy
Entry: 87.38 Target: later Stop: 100 below

try something

mumbai pk 16:17 GMT January 21, 2009
EURUSD
Reply   
Buy
Entry: Target: Stop:

SEE A VERY GOOD SUPPORT AT 1.2800 FAILING WHICH CAN TARGET 1.2450. WOULD BANK ON AT LEAST A MODERATE RECOVERY FROM 1.28 LEVELS

mumbai pk 16:12 GMT January 21, 2009
USDJPY
Reply   
Sell
Entry: Target: Stop:

DONT SEE ANY SUPPORT BEFORE 85.00

Amsterdam Purk 16:09 GMT January 21, 2009
usd/jpy

Borderline now: 87.09 lets see.

mumbai pk 16:06 GMT January 21, 2009
GOLD A BUY FOR SHORT TERM
Reply   
Buy
Entry: 843 Target: 875 Stop: 836

GOLD A BUY FOR SHORT TERM

Amsterdam Purk 16:06 GMT January 21, 2009
usd/jpy

Out for 50 pips.

Amsterdam Purk 16:04 GMT January 21, 2009
usd/jpy

Range now 300. last low taken. lets see if i can get some pips.

Hong Kong Qindex 16:02 GMT January 21, 2009
QIndex Trading System

Sell EUR/USD
Entry: Target: Stop:

EUR/USD : the market is now trading below the center of the daily cycle projected series. If the market momentum is strong it will head for the lower barrier.

Hong Kong Qindex 15:59 GMT January 21, 2009
QIndex Trading System

Pretoria AHG 15:53 GMT - You are welcome. The daily cycle is a good reference for spot trading.

Gen dk 15:58 GMT January 21, 2009 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Bilad KaL 15:57 GMT January 21, 2009
AUDCAD shorts
Reply   
still more room south for < .81

selling at MKT here

Bilad KaL 15:54 GMT January 21, 2009
EURAUD Longs
Reply   
avg 1.9869
and adding for 2.01

Pretoria AHG 15:53 GMT January 21, 2009
GBP/JPY
Reply   
Hong Kong Qindex 10:33 GMT January 21, 2009
QIndex Trading System: Reply
Sell GBP/JPY

Thank you sir,i really didnt thought it wil go down at one stage , out +205pips exellent call
GLGT

Hong Kong Qindex 15:49 GMT January 21, 2009
QIndex Trading System

EUR/GBP : The market momentum is strong when it is able to trade within the current weekly cycle normal upper limits which are located at 0.9365 - 0.8501 - 0.9586. Buy on dips is the preferred trading strategy.

Amsterdam Purk 15:42 GMT January 21, 2009
usd/jpy

Amsterdam Purk 11:22 GMT January 21, 2009
usd/jpy: Reply
There is music in this pair because it had the shortest range in the past 2 days. 88.99 to watch for downside and 90.89 for upside. Trala...

As said before the fact, this pair is going to break the range. Very fast.

USA BAY 15:41 GMT January 21, 2009
QIndex Trading System

HONG KONG QINDEX,

DR Q, could you share your view for eur/gbp please. tia

Amsterdam Purk 15:39 GMT January 21, 2009
QIndex Trading System

HK Kevin 15:32 GMT January 21, 2009

You are number one in after the fact calls.

Hong Kong Qindex 15:34 GMT January 21, 2009
QIndex Trading System

USD/JPY : I am bias on the downside.

HK Kevin 15:32 GMT January 21, 2009
QIndex Trading System

Hong Kong Qindex 15:14 GMT, good calls.
Sold EUR and EUR/GBP atm. What is your view on USD/JPY?
I have entered long at 89.91 this Asian morning and covered at breakeven earlier before the fall.

Hong Kong Qindex 15:14 GMT January 21, 2009
QIndex Trading System

EUR/USD : As shown in the monthly cycle charts the market is trading in the extreme ranges (levels marked with green colour). Under this circumstances the Normal Lower Limits should be used as a general trading reference.

Normal Lower Limits : [1.0010] - [1.1508] - 1.1768] - 1.1975 - 1.2586 - 1.2834* - 1.2892 - 1.2960* - 1.3467*

Kishinev Palev 15:13 GMT January 21, 2009
EUR/USD


thank you Mr. Qindex

Hong Kong Qindex 15:09 GMT January 21, 2009
EUR/USD
Reply   
Kishinev Palev 14:52 GMT - You can try stop and reverse. Most of the time my numbers are good and significant.

Amsterdam Purk 15:08 GMT January 21, 2009
yen

Rangeexpension, gbp sale, and following the bugger.

Hong Kong Qindex 15:07 GMT January 21, 2009
QIndex Trading System

Sell EUR/USD
Entry: 1.2940 - 1.2958 Target: 1.2650 Stop: 1.3030

EUR/USD : Daily Cycle Analysis

Expected Range : 1.2586 - 1.3065

Normal Lower Limits : 1.2095 - 1.2449 - 1.2627*
Lower Mid-Point Reference : 1.2526 - 1.2858 - 1.3115*
Weekly Cycle Pivot Centers : (1.2958) - (1.3267) - (1.3602*)
Upper Mid-Point Reference : 1.3389 - 1.3676 - 1.4089*
Normal Upper Limits : 1.3820 - 1.4085 - 1.4577*

Daily Cycle Projected Series (1.2880) : ... 1.2262 - 1.2366* - 1.2469 - 1.2521 // 1.2573* - 1.2625 - 1.2677 - 1.2729 - 1.2781* - 1.2833 - [1.2885] - 1.2936 - 1.2988* - 1.3040 - 1.3092 - 1.3144 - 1.3196* // 1.3248 - 1.3300 - 1.3403* - 1.3507 ...

Daily Cycle Congested Area : 1.1817 - 1.2173 - (1.2529 - 1.2885) - 1.3240 - 1.3596 - 1.3952

Suggested Trade : Sell 1/3 - 1/2 in the first entry point
Entry Points : 1.2940 - 1.2958
Target(s) : 1.2650
Stops : 1.3030

Upside Targeting Points : 1.3008 - 1.3110

Downside Targeting Points : 1.2623 - 1.2651

Remarks : The daily cycle congested area suggests that the market has a tendency to trade within (1.2529 - 1.2885). The market can easily move between 1.2885 - 1.3010. Speculative selling pressure will increase when the market is trading below the weekly cycle pivot center at (1.2958) .

stockholm aj 15:05 GMT January 21, 2009
yen
Reply   
what just happened to the yen

Bilad KaL 14:54 GMT January 21, 2009
GBP/JPY

I doubt it
GBPJPY Next 24 hrs
entry and targets

125.44360 124.32043
125.93337 122.95591
125.76017 122.53542

I placed thse orders

Kishinev Palev 14:52 GMT January 21, 2009
QIndex Trading System


dear Mr. Qindex,

is it a normal stop or stop and reverse type of stop?

Bilad KaL 14:52 GMT January 21, 2009
24 hrs orders
Reply   
Much Lower but adding with these
Next 24 hrs

Cable shorts and targets
1.39362 1.38253
1.39911 1.36509
1.39635 1.36216

EURUSD shorts
1.29671 1.29058
1.29863 1.28701
1.30038 1.28568


AUDUSD shorts
0.65840 0.65256
0.65889 0.64953
0.65927 0.64794

NZDUSD Shorts
0.52731 0.52253
0.52852 0.51670
0.52910 0.51554

MTL TL 14:47 GMT January 21, 2009
GBP/JPY
Reply   
Do you think that GBP/JPY will go up to 1.30-1.32 ? If so how long is it going to take?

Thanks

Hong Kong Qindex 14:37 GMT January 21, 2009
QIndex Trading System

Sell EUR/USD
Entry: 1.2955 Target: 1.1.2854 Stop: 1.2980

EUR/USD : It is heading lower.

GVI Forex john 14:14 GMT January 21, 2009
Calendar Correction
Reply   
Weekly energy inventories will be released Thursday at 16:00 GMT.

Bilad KaL 14:01 GMT January 21, 2009
AUDCAD Shorts
Reply   
0.8251
Target .8150

Bilad KaL 13:45 GMT January 21, 2009
EURAUD
Reply   
Longs
1.9869
till 2.03

Bilad KaL 13:43 GMT January 21, 2009
AUDUSD
Reply   
audusd
shorts adding
0.6487
for .64

Bilad KaL 13:34 GMT January 21, 2009
adding shorts
Reply   
EURJPY 116.29

NZDJPY 46.78

keeping them for much lower

Bilad KaL 13:30 GMT January 21, 2009
GBPJPY
Reply   
124.06 123.38
GBPJPY crashing adding shorts
and adding more at mkt
Target 109

Lahore FM 13:27 GMT January 21, 2009
Trade Ideas

01/20/2009 13:33:23 FM Lahore 7
entered small long at 0.6591 with stops at 10.
--
small long stopped for minus 81.

Lahore FM 13:26 GMT January 21, 2009
Trade Ideas

01/14/2009 20:52:32 FM Lahore 45
added long eurgbp 0.9031 to earlier 1/2 at 0.8883.
--
0.8883 long eurgbp closed now 0.9388 for +405 in all.

Bilad KaL 13:05 GMT January 21, 2009
since last monday
Reply   
Made 40% Return on equity
the best suggestion I got now is to short gbp/jpy till 1.09

Bilad KaL 13:01 GMT January 21, 2009
EURAUD
Reply   
EURAUD Major Buy till 2.2 IMO for april

Target for now is 2.04
Longing

Amsterdam Bobsy 12:18 GMT January 21, 2009
1
Reply   
Amsterdam Purk 11:22 GMT January 21, 2009
Dont forget to pick up Maxim from the supermarket...

Bilad KaL 12:11 GMT January 21, 2009
EURGBP
Reply   
EURGBP
wants 1.02 Now...Rallie IMO

Bilad KaL 11:38 GMT January 21, 2009
Longer Term targets
Reply   
Longer term 7 8 months
they are serisouly selling guys
GBPJPY especially

Pair___ to____ then to Into
EURUSD 1.15 1.320 1.090
GBPUSD 1.05 1.1 0.9700
AUDUSD 0.59 0.7 0.4300
NZDUSD 0.46 0.5200 0.3500
EURJPY 112 116.0000 80.0000
GBPJPY Seems One way to 100

Amsterdam Purk 11:22 GMT January 21, 2009
usd/jpy
Reply   
There is music in this pair because it had the shortest range in the past 2 days. 88.99 to watch for downside and 90.89 for upside. Trala...

Bilad KaL 11:00 GMT January 21, 2009
USDZAR = Major Buy
Reply   
for all next quarter
10.70 Target for now

Longing with dips

GVI Forex john 10:39 GMT January 21, 2009
GVI Forex Analysis
Reply   

Click for Complete Chart Points

20-Jan-09

EURUSD

USDJPY

USDCHF

GBPUSD

USDCAD

Close

1.2880

89.76

1.1483

1.3902

1.2661

High

1.3100

90.97

1.1516

1.4430

1.2697

Low

1.2855

89.68

1.1318

1.3864

1.2533

Simple mva

EUR/USD

USD/JPY

USD/CHF

GBP/USD

USD/CAD

5 day

1.3120

89.91

1.1163

1.4387

1.2522

10 day

1.3292

90.22

1.1068

1.4613

1.2270

20 day

1.3596

90.80

1.0864

1.4561

1.2190

50 day

1.3292

92.34

1.1362

1.4725

1.2310

100 day

1.3475

97.46

1.1296

1.5896

1.1801

200 day

1.4481

101.91

1.0840

1.7676

1.1005

Hong Kong Qindex 10:33 GMT January 21, 2009
QIndex Trading System

Sell GBP/JPY
Entry: 124.25 - 125.33 Target: 116.00 Stop: 126.60

GBP/JPY : Daily Cycle Analysis

Expected Range : 115.40 - 129.73

Normal Lower Limits : 93.63 - 110.19* - 111.47
Lower Mid-Point Reference : 105.32 - 119.77* - 122.33
Weekly Cycle Pivot Centers : (117.00) - (129.34*) - (133.19)
Upper Mid-Point Reference : 128.71 - 138.92* - 144.05
Normal Upper Limits : 140.40 - 148.50* - 154.91

Daily Cycle Projected Series (124.78) : ... 110.32 - 112.20* - 114.09 - 115.04 // 115.98* - 116.92 - 117.87 - 118.81 - 119.76* - 120.70 - [121.64] - 122.59 - 123.53* - 124.48 - 125.42 - 126.36 - 127.31* // 128.25 - 129.20 -131.08* - 132.97 ...

Daily Cycle Congested Area : 102.23 - 108.70 - (115.17* - 121.64 - 128.12) - 134.59 - 141.06

Suggested Trade : Sell 1/3 - 1/2 in the first entry point
Entry Points : 124.25 // 125.33
Target(s) : 116.00
Stops : 126.60

Upside Targeting Points : 129.67 - 130.68

Downside Targeting Points : 116.15 - 116.76

Remarks : The daily cycle congested area suggests that the market has a tendency to trade within (115.17* - 121.64 - 128.12). The market can easily move between 121.26 - 124.25. Speculative selling pressure will increase when the market downward trending momentum is strong enough to penetrate through 118.47.
 

Bilad KaL 10:32 GMT January 21, 2009
Cable shorts

Targets

CHFJPY 76.0000
AUDUSD 0.6200
EURJPY 111.0000
GBPJPY 114.0000
GBPUSD 1.2800
NZDUSD 0.4900
CADJPY 68.0000
AUDJPY 55.0000

Bilad KaL 10:31 GMT January 21, 2009
Cable shorts

CHFJPY 76.0000
AUDUSD 0.6200
EURJPY 111.0000
GBPJPY 114.0000
GBPUSD 1.2800
NZDUSD 0.4900
CADJPY 68.0000
AUDJPY 55.0000


AUDCHF short here Target 72

Gen dk 10:31 GMT January 21, 2009 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Syd 10:08 GMT January 21, 2009
UK
Reply   
BOE Tucker:Quantitative Easing "Useful" If Rate Close To Zero

Bilad KaL 10:01 GMT January 21, 2009
Cable shorts
Reply   
above 1.3824
eurusd shorts adding around 1.289

Mtl JP 09:54 GMT January 21, 2009
Central Banking 101
Reply   
Japan 20-Year Bonds Fall on Concern Rising Supply to Cap Demand - bloomberg

“... Given the active economic pump-priming and financial system stabilization measures, central banks may need to consider debt monetization to ease upward pressure on yields of longer tenors,” concerns. ... The Bank of Japan has shifted from the overnight rate cut to liquidity injections .. The BOJ has already decided to purchase commercial paper outright from banks. ... The next step is likely to be outright purchases of corporate bonds.” ...

Debt monetization refers to a central bank directly buying government bonds, which is effectively equivalent to printing money, as a means of helping a government finance budget spending that can not be covered by tax revenue or other sources of funding. ... The Bank of Japan starts a two-day policy meeting today. Economists expect policy makers to leave interest rates unchanged at 0.1 percent, according to a Bloomberg News survey.

Hong Kong Qindex 09:44 GMT January 21, 2009
QIndex Trading System

Sell GBP/JPY
Entry: 124.08 Target: 118.50 Stop: 126.00

GBP/JPY : The market is heading towards the barrier at 118.83 // 120.65.

Syd 09:31 GMT January 21, 2009
US Auto
Reply   
BOE: Cut To Significantly Help Business, Household BOE:Not Cutting 50 Basis Points Would Have Damaged Confidence
BOE: Inflation Report Chance To Reassess Medium Term Outlook
BOE Majority: Was "Reasonable" Case For Leaving Rates At 2%
BOE Minutes: Blanchflower Wanted 100 Basis Point Cut To 1%
BOE Jan Minutes: MPC Voted 8-1 For Cut To 1.5%

Syd 09:28 GMT January 21, 2009
UK Min: UK Bank Crisis May Last More Than A Decade - Reports
Reply   
The U.K.'s banking crisis may last for almost a decade, a senior government minister has warned, the Daily Telegraph and the Guardian report Wednesday.
LINK

Amsterdam Purk 09:13 GMT January 21, 2009
Market Wisdom

Munich peter 08:57 GMT January 21, 2009
Market Wisdom: Reply
BC, many thanks for your input. Always very much appreciated.

Can you imagine that you have that wisdom? Think and you have it...

Syd 09:09 GMT January 21, 2009
.
Reply   
Italy's Nov World Trade Deficit Widens To EUR1.08B Vs EUR283M

GBP/USD has resumed its longer-term downtrend and immediate risk now is toward the June 2001 low at 1.3685, says Commerzbank analyst Steven Merrigan. Below here targets 1.3320 which is an inter-year trendline, then the Fibonacci retracement target of 1.2910. On the plus side, Merrigan says an oversold monthly RSI suggests risks of a significant bounce from within the 1.3320-1.2910 targeted zone. GBP/USD now at 1.3750.

Keep an eye on the AUD. The currency may have weathered the 2.2% decline in Australian consumer confidence this month but a raft of Chinese data later Wednesday could rock its boat. "Downside surprise in the numbers will weigh sharply on AUD sentiment as it teeters on one-month lows at $0.6520/25," says RBC Capital Markets. The AUD is already down at $0.6480

Munich peter 08:57 GMT January 21, 2009
Market Wisdom

BC, many thanks for your input. Always very much appreciated.

Syd 08:46 GMT January 21, 2009
EUR May Be Next In Firing Line
Reply   
The EUR could well be shot down next as the dire state of the euro zone economy hits home. A continued weak appetite for risky assets, a steady deterioration in Eastern Europe and more possible credit downgrades will remove support or the currency.

Syd 08:37 GMT January 21, 2009
Euro
Reply   
Strategists at Commerzbank AG said the single currency could be particularly vulnerable given the lack of heavy positioning against it. "Positioning indicators are still not showing any larger dollar long positioning, which means that downward scope remains for euro/dollar," said Ulrich Leuchtmann, the bank's chief strategist in Frankfurt.

Syd 08:35 GMT January 21, 2009
A Perfect Storm For GBP - RBS >DJ
Reply   
Sell GBP/USD and GBP/JPY, says Royal Bank of Scotland. "Synchronized fear over capitulating financials, deepening recession and massive bond issuance spells a perfect storm for GBP," the bank notes

Syd 08:34 GMT January 21, 2009
DJ RBS Says Sell EUR//USD
Reply   
EUR/USD should be sold, says Royal Bank of Scotland. "It's in Europe where scope for the newest, nastiest surprises on financial sector malaise and economic slowdown momentum look greatest," the bank warns.

Bilad KaL 08:13 GMT January 21, 2009
SOUTH
Reply   
KEEPING EURUSD TILL 1.24
GBPJPY TILL 117
cABLE TILL 1.33

nzdjpy TILL 44

Amman wfakhoury 07:59 GMT January 21, 2009
EUR/USD result call
Reply   
Amman wfakhoury 07:11 GMT January 21, 2009
eur.usd sure call: Reply
Amman wfakhoury 06:11 GMT January 21, 2009
eur.usd sure call: Reply
sell around 12970 tp 12860 .
sell another at 13090 exit all around 12980
----
did you miss the 45 pips till now..what are you waiting for?

=====
exited @ 12900

Amman wfakhoury 07:57 GMT January 21, 2009
GBP.USD Call
Reply   
Amman wfakhoury 07:12 GMT January 21, 2009
gbp.usd call: Reply
Amman wfakhoury 05:48 GMT January 21, 2009
gbp.usd call: Reply
sell around 14000 tp 13800 sell another around 14100 if rise,
exit both around 14000
---
did you miss the 120 pips till now..what are you waiting for?

===============
exited @ 138220

Syd 07:23 GMT January 21, 2009
UK
Reply   
Update: Writing in the FT yesterday , former BoE MPC Member William Buiter calls for "complete state ownership of all UK high street banks"

Amman wfakhoury 07:12 GMT January 21, 2009
gbp.usd call
Reply   
Amman wfakhoury 05:48 GMT January 21, 2009
gbp.usd call: Reply
sell around 14000 tp 13800 sell another around 14100 if rise,
exit both around 14000
---
did you miss the 120 pips till now..what are you waiting for?

Amman wfakhoury 07:11 GMT January 21, 2009
eur.usd sure call
Reply   
Amman wfakhoury 06:11 GMT January 21, 2009
eur.usd sure call: Reply
sell around 12970 tp 12860 .
sell another at 13090 exit all around 12980
----
did you miss the 45 pips till now..what are you waiting for?

Syd 07:08 GMT January 21, 2009
GBP, EUR Fall; Selling By European Names
Reply   
GBP/USD, GBP/JPY, EUR/JPY sold by European players with Asian players stepping back, says chief dealer at major U.S. bank; expects more of the same rest of day, with focus on BoE MPC minutes, likely a GBP negative.

Bilad KaL 06:54 GMT January 21, 2009
Gold and silver
Reply   
will start selling silver from 11.40 to 12.40
Target 6 bucks into april

gold from 1000 till 600
^ndx already selling into 890

other like Goog drys bidu and rimm
buying puts

C i am buying the stock for longer term Target...but still looking at 8 Bucks as an exit

Syd 06:48 GMT January 21, 2009
New Zealand Fin Min English
Reply   
Says NZD is at a level that helps NZ exporters
- S&P provided warning on risks of rising debt
- Notes RBNZ is likely to take 'decisive action' on rates
Fitch comments on Asian banks
- Among the large Asian economies, Fitch expects China''s growth to slow to 6% in 2009 - a level which if sustained would probably start to give rise to significant bad debt problems for Chinese banks.
Credit Suisse Group (CS), Switzerland's second-biggest bank behind UBS AG (UBS), has lost around 1.0 billion Swiss francs ($880 million) each week in October through trading operations, weekly HandelsZeitung reports, citing a member of Credit Suisse's management.
Credit Suisse may post a net loss of CHF6 billion for the full year, according to the weekly which is published Wednesday.
www.handelszeitung.ch

Bilad KaL 06:45 GMT January 21, 2009
EUROPE

why don't they short the mkt to make some money?

Syd 06:42 GMT January 21, 2009
EUROPE
Reply   
DJ Credit Suisse Lost Around CHF1B Per Week In Oct - Paper

Bilad KaL 06:36 GMT January 21, 2009
Oil selling
Reply   
shorting oil till 31 area over next 2 month

Amman wfakhoury 06:11 GMT January 21, 2009
eur.usd sure call
Reply   
sell around 12970 tp 12860 .
sell another at 13090 exit all around 12980

Amman wfakhoury 05:48 GMT January 21, 2009
gbp.usd call
Reply   
sell around 14000 tp 13800 sell another around 14100 if rise,
exit both around 14000.

Amman wfakhoury 05:46 GMT January 21, 2009
gbp.usd call expired
Reply   
Amman wfakhoury 18:31 GMT January 20, 2009
GBP.USD call: Reply

--------
sell only when it is around 14100 tp 14000
sell another if rise at 14200 exit both at 14100.
-----
call expired

Bilad KaL 05:04 GMT January 21, 2009
Placed all these
Reply   
shorts for all

NZD/JPY 48.285
CAD/JPY 71.352
AUD/JPY 59.871
AUD/CAD 0.83405
CHF/JPY 79.507
GBP/JPY 127.12
EUR/JPY 118
NZD/USD 0.5412
AUD/USD 0.6622
EUR/USD 1.3041
GBP/USD 1.4042
GBP/USD 1.4093

Syd 04:57 GMT January 21, 2009
AUD/USD Will Move Sub-0.60 By Mid-2009 - BNP
Reply   
AUD/USD likely to move to 0.57 by end 2Q as repatriation flows continue, BNP Paribas global FX strategist Hans Redeker says. Notes strong caveat of wild volatility in this timeframe and chance AUD/USD could significantly "undershoot" this target before end 2Q. More broadly, EUR/USD will lead high yielding currencies lower, down to 1.20 by end 2Q, given exposure to troubled Eastern European economies, will encourage more USD repatriation flows. So expects AUD to outperform EUR but still fall vs USD longer-term. AUD/USD targets at 0.59 end 3Q and then 0.61 end 4Q. "If Asia become more demand oriented and tries to reduce its export dependence" then AUD can gain but this outlook for Asia, especially China, remains very uncertain

YVR MAXXIM 04:21 GMT January 21, 2009
uk

censored refused to deal with old ship in BC censored happens!

ldn 04:17 GMT January 21, 2009
!
Reply   
AMS MAXXIM 04:10 GMT January 21, 2009
Maxim.....there is a cure for that.....all it requires is a visit to an amsterdam supermarket.

AMS MAXXIM 04:16 GMT January 21, 2009
uk

pearson 100% survival air france landeath in the gulley

Belgrade Knez 04:12 GMT January 21, 2009
Market Wisdom

shanghai bc

Thank you for your view. Wish you all the best.

GL & GT

AMS MAXXIM 04:10 GMT January 21, 2009
uk

Bilderberg Club ?extra butter for margin/

singapore td 03:37 GMT January 21, 2009
euro
Reply   
euro would have a hard time holding 1.30 ground short term, sell into 1.3070 strength with stop 100 pips above should do well for a retest of 1.23-1.25

HK [email protected] 03:34 GMT January 21, 2009
Obama crash
Reply   
When someone reminds wealth distribution, and a lot of Gov. actions in a speech with a socialist flavor.Hmmmm

Market may not like too much Gov., so it just crashed.

Maybe the Mkt collapsed because of Mam Pelosi, as she is the new shadow Pres. of the US... will give a hard time to Obama.

Expect soon an Obama Condolences Retracement Rally.

Syd 03:29 GMT January 21, 2009
NZD/USD Squeezing Higher On Profit Taking - BNZ
Reply   
Bank of NZ currency strategist Danica Hampton. NZD/USD 0.5295 after falling to 0.5170 earlier; "I think the story is that it has fallen quite dramatically in a short period of time and people are looking to trim positions back and take a bit of profit." Says squeeze likely to be short-lived given domestic, global economic backdrop. Tips sellers to emerge around 0.5300 and says Kiwi unlikely to break 0.5350. Adds retest of support around 0.5180 likely and "we are probably heading toward 0.5000 in the next couple of weeks."

Syd 03:26 GMT January 21, 2009
WSJ(1/21) UK Bank Crisis Grows, Currency Tumbles
Reply   
The U.K.'s latest bank-rescue effort initially backfired Tuesday, helping drive its currency to historic lows while aggravating fears about the stability of the country's banks and the fate of the government's finances. The U.K.'s debt as a percentage of GDP is likely to leap from 44.2% in November to around 70% in 2012, according to Neville Hill, an economist at Credit Suisse Group in London.

Syd 03:06 GMT January 21, 2009
Jobs go as BHP cuts WA, Qld operations
Reply   
BHP Billiton this morning revealed plans to sack 6000 employees and contractors around the globe - including 3400 in Australia - and close its disastrous Ravensthorpe nickel laterite project in Western Australia.
http://business.smh.com.au/
business/jobs-go-as-bhp-cuts-wa-qld-operations-20090121-7m2q.html

Bru Yein 02:35 GMT January 21, 2009
nzdusd
Reply   
London cjm 00:24 GMT January 21, 2009
nzd range: Reply
could someone confirm the traded high of nzd/usd today please? I had a stop buy order triggered at 5354, not sure about the spike around 9.50 gmt
----------------------------------------------------------------
the highest in my platform was 0.5270

Mtl JP 02:11 GMT January 21, 2009
uk

Syd 01:50 / that is too funny... "raise more capital due to losses"... the genius calls it "a risk" ? rofl

Syd 01:50 GMT January 21, 2009
uk
Reply   
Bernstein comments on the UK banks - WSJ
- According to the research firm, the probability of survival is only 10% to 20% for RBS and 25%-40% for Lloyds and Barclays.
- A risk for UK banks is that they will have to raise more capital due to losses.
- Whether or not banks have to raise more capital is dependent on the UK government' generosity with its new asset-protection plan.


Syd 01:18 GMT January 21, 2009
GBP
Reply   
GBP woes likely to deepen on release at 0930 GMT of minutes from January BoE MPC meeting at which bank cut rates 50 bps to 1.50%, says Masafumi Yamamoto, head of FX strategy at RBS in Japan.

Atlanta South 00:34 GMT January 21, 2009
The "O" Rally
Reply   
Why is everyone so DISSAPOINTED with "O"? He gave you a rally, but to the downside. I've heard its the worst of any president so far. GOD help the U.S. if today is any indication of the future.

Syd 00:32 GMT January 21, 2009
AUD
Reply   
ldn 00:24 can see we will be heading down the UK road very soon
Rudd's war on the middle class
http://www.smh.com.au/news/opinion/rudd-the-worst-thing-to-happen-to-working-families/2009/01/20/1232213642972.html

ldn 00:24 GMT January 21, 2009
AUD
Reply   
Syd
Election T-shirts saying " Rudd 2008- Dudd 2009" should sell very well now..

London cjm 00:24 GMT January 21, 2009
nzd range
Reply   
could someone confirm the traded high of nzd/usd today please? I had a stop buy order triggered at 5354, not sure about the spike around 9.50 gmt

Syd 00:19 GMT January 21, 2009
AUD
Reply   
Australian PM Rudd: 2009 toughest yr in decades for jobs, expects conditions to decline further
AUSTRALIA JAN WESTPAC CONSUMER CONFIDENCE: -2.2% V 7.5% PRIOR - First negative since Oct 2008
Singapore Dec Manufacturing Dn 13.5% On Year Vs -9.3% Poll
Singapore Government cuts 2009 GDP est to -5% to -2% (had seen -2% to +1%); May see deflation in 2009

 




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