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Forex Forum Archive for 01/22/2009

Pick a date from the header above to view forum postings for that day.
Click here to join the Live Forex Forum.


Syd 23:25 GMT January 22, 2009
Pound to $1.27: Charts
Reply   
The FTSE-100 could slump to 3,000 over the coming months and the pound could slip to $1.27 in the short term, Nick Batsford from Hobart Capital told CNBC Thursday.http://www.cnbc.com/id/15840232?video=1009447300&play=1

Syd 22:05 GMT January 22, 2009
fx
Reply   
AUD/USD continues to react to gyrations on Wall Street with risks to the downside building, says Greg Gibbs, FX strategist at ABN AMRO. Expects move toward 0.6000 in the medium term; latest 0.6564. Sees temporary support at 0.6490. Says newspaper reports that IMF is becoming more downbeat about the outlook for Australian growth also weighing on pair.

Fitch notes Russia's sovereign ratings could be cut if its FX reserves fall further
RBC forecasting a likelihood that Russian ratings may be cut in the next 2 to 4 months (timing uncertain)
Russian Central Bank Head: May consider rate cuts in after 1-2 months, Russian banks have necessary liquidity
- Notes that the free floating Ruble is goal in medium term.
- says will not allow sharp fluctuations in the currency and will continue to intervene in currency markets

Growth near zero, says IMF, as China slowdown hangs over Australian

The great stall of China

KEVIN Rudd has warned that the sudden collapse in China's economic growth reported yesterday will wipe $5 billion off Australia's annual exports and destroy domestic jobs LINK



Mtl JP 22:04 GMT January 22, 2009
$

Syd, sounds like Geithner either thinks a one-off usd selloff (say somwhere betwen 15 - 30%) is a high improbability, or he is actually surreptitiously trying to instigate one.

Could get mighty interesting for some leverd accounts .

Syd 21:55 GMT January 22, 2009
$
Reply   
U.S. Treasury Secretary nominee Tim Geithner's remarks that President Obama is less than enamored with China's policy on yuan could signal a firmer line from Washington, says RBC strategist Matthew Strauss. "This could indicate a change in U.S. policy towards China - a development that may have far-reaching market implications." Notes Geithner has also given a firm signal new administration is set to pursue strong USD policy.

GVI Forex john 21:17 GMT January 22, 2009
GVI Forex Analysis
Reply   

Click for Complete Chart Points

22-Jan-09

EURUSD

USDJPY

USDCHF

GBPUSD

USDCAD

Close

1.3001

88.87

1.1532

1.3886

1.2543

High

1.3082

89.55

1.1592

1.3977

1.2741

Low

1.2908

88.08

1.1515

1.3690

1.2517

Simple mva

EUR/USD

USD/JPY

USD/CHF

GBP/USD

USD/CAD

5 day

1.3060

89.82

1.1290

1.4055

1.2550

10 day

1.3158

89.64

1.1184

1.4365

1.2402

20 day

1.3498

90.65

1.0937

1.4461

1.2230

50 day

1.3306

92.04

1.1348

1.4682

1.2322

100 day

1.3445

97.08

1.1304

1.5816

1.1839

200 day

1.4452

101.79

1.0855

1.7617

1.1029

Sandton RSA 19:32 GMT January 22, 2009
Range

No need to apologize Mr P, fact is always stranger than friction.

van jv 19:31 GMT January 22, 2009
USD/JPY
Reply   

just read
USDJPY – US Dollar Predicted to Lose Further Against Japanese Yen
I rather expext move higher to 100+
Any opinion--bc?
and PPP reportedly121

Clogland Purk 19:30 GMT January 22, 2009
Range

LA BV 18:31 GMT January 22, 2009
Range: Reply
Purk, what does this mean?

"but i am at the end of it "doing" the bounce, before the fact."

This was an example, but i was too late: 13010-12970 in e/u.
after the fact...

Clogland Purk 19:25 GMT January 22, 2009
Range

Well if i know what i mean i will let you know, saying that trading from the mental institution i live in...

Lahore FM 19:22 GMT January 22, 2009
Trade Ideas

long order in at 115.60 for eurjpy,stops at 114.70.

Lahore FM 19:21 GMT January 22, 2009
Trade Ideas

01/22/2009 14:29:19 FM Lahore 4
long audusd 0.6511 with 0.6460 stop.

Sandton RSA 19:19 GMT January 22, 2009
Range

He will let you know "after the fiction." LOL

If only we knew wtf he is talking about.

He becomes like MAXX, more every day.

They are both from Clogland you see.

makassar alimin 19:14 GMT January 22, 2009
sell euro scalp
Reply   
Sell euro
Entry: 1.3001 Target: 1.2920 Stop: 1.3038

looking for some quick pips by Asian lunch time

philadelphia caba 19:01 GMT January 22, 2009
Committee approves Geithner for treasury

Mtl, JP ... thanks for that, interesting..

Bilad KaL 18:54 GMT January 22, 2009
Relax..EURUSD ---> will dive
Reply   
more south till end of month

Clogland Purk 18:46 GMT January 22, 2009
Range

That i am going to say what to do just before the bounce, kind of dancing..

Toronto tn 18:46 GMT January 22, 2009
double whammy session

Thanks, jf.

Mtl JP 18:40 GMT January 22, 2009
Committee approves Geithner for treasury

philadelphia caba, fwiw from the only Republican standing in Congress:

Ron Paul Sounds Off on Economic Mess - foxnews

BECK: OK. And the secretary of treasury, Geithner, should he be the guy or not?

PAUL: Well, no, I don't think so. I mean, we just gave him $350 billion and he doesn't know what he did with it exactly.

BECK: Is he going to be —

PAUL: It was mismanagement. So we're going to give him another $350 billion? I suspect that he will be approved.
--
Paul also offers an interesting optique on printing and future course of the buck, fwiw.

singapore rs 18:36 GMT January 22, 2009
euro

Sell euro
Entry: 1.2957 Target: 1.27xx Stop: 1.3020

hope you are right td, will see this trade by tomorrow's close if not stopped out

LA BV 18:31 GMT January 22, 2009
Range

Purk, what does this mean?

"but i am at the end of it "doing" the bounce, before the fact."

Clogland Purk 18:31 GMT January 22, 2009
euro

Ot the last test of the 1,29 handle, in that case we will see 13122... e/u.

Clogland Purk 18:29 GMT January 22, 2009
Range
Reply   
Range e/u is "only" 180, so it might be the fact that we are still in for a nice wild move... dont know which direction but i am at the end of it "doing" the bounce, before the fact.

philadelphia caba 18:23 GMT January 22, 2009
Committee approves Geithner for treasury
Reply   
WASHINGTON - The Senate Finance Committee on Thursday cleared the nomination of Timothy Geithner as treasury secretary despite unhappiness over his mistakes in paying his taxes.
The committee approved the nomination on an 18-5 vote, sending it to the full Senate for a vote either Friday or next week. President Barack Obama is hoping for quick approval so that the point man for the administration's economic rescue effort can begin work.
...Sen. Kent Conrad, D-N.D., said that in normal times he would oppose Geithner but "these are not normal times." ..

it's just unbelievable .... YES, WE CAN !!!




singapore td 18:16 GMT January 22, 2009
euro
Reply   
i think that was the last test of 1.30 handle, we are now heading much lower into 1.27 by friday's close

Porto Luso 18:00 GMT January 22, 2009
double whammy session

Ty JF. I am here to learn, and the pattern and range analysis is, with no question, extremely important, as are the different correlations with stocks, oil or other currencies.

USA BAY 17:43 GMT January 22, 2009
EUR/GBP AND GBP/JPY

Thanks Dr Q.

Hong Kong Qindex 17:40 GMT January 22, 2009
EUR/GBP AND GBP/JPY

Positive

Hong Kong Qindex 17:39 GMT January 22, 2009
QIndex Trading System

Sell S&P 500
Entry: 812.0 - 816.6 Target: 755.6 - 797.4 Stop: 825

S&P-500

: Heading Towards 797.4

Expected Range : 790.7 - 835.0

Normal Lower Limits : 615.6* - 644.4 - 697.4
Lower Mid-Point Reference : 714.1* - 755.6 - 804.2
Weekly Cycle Pivot Centers : (812.7) - (866.8) - (910.9)
Upper Mid-Point Reference : 911.2 - 977.9 - 1017.7
Normal Upper Limits : 1009.8* - 1089.1 - 1124.4

Daily Cycle Projected Series (836.8) : ... 791.4 - 801.2* - 811.0 - 815.9 // 820.9* - 825.8 - 830.7 - 835.6 - 840.5* - 845.4 - [850.4] - 855.3 - 860.2* - 865.1 - 870.0 - 874.9 - 879.9* // 884.8 - 889.7 - 899.5* - 909.4 ...

Daily Cycle Congested Area : 749.2 - 782.9 - (816.6 - 850.4) - 884.1 - 917.8 - 951.5

Suggested Trade : Sell 1/3 - 1/2 in the first entry point
Entry Points : 812.0 - 816.6
Target(s) : 755.6 - 797.4
Stops : 825

Upside Targeting Points : 831.1 - 832.9

Downside Targeting Points : 792.9 - 802.2

Remarks : Significant levels are positioning at ... 699.7 - 702.9 // 730.7 - 752.0 - 767.1 - 797.4 - 807.0 - 822.5 - 835.0 - 836.2 // 845.6 - 851.3 ... They are valid until the end of this month.

fl jf 17:26 GMT January 22, 2009
double whammy session

ive tried to explain this type of thing many times.... and i think theres no 100% correct answer because if there was we all would trade the same way.

the bottom line is foreign exchange trading is not cause and effect trading. currencies lead and lag and relationships sometimes heavily correlate and other times not. half my day is spent looking at patterns and relationships.

but trying to show someone who is not used to thinking that way is very difficult because their level of understanding is different than mine- and they want a hard and fast rule.

to answer the question from yesterday

$yen was at the top of its range.... eurusd was mid range - even though eurusd eventually went up initially it dropped this was my point in saying that the flow sold euryen so eurusd had to test support before it was able to overcome the driving flow. so you have to look at 1. the flow and 2. the individual legs and their structure. this is not easy of course. but thats why the % changes were so different on the day.

if you have never sat on a desk and had some client give you 4 or 5 times and the market drop 200-300 points in 20 minutes you wont know the feeling of what you need to do.

I could type pages of information and examples but they only apply to past situations not future ones. So best to keep your eye on stocks/commodities and cross rates and see which are leading which and try to form your own analysis. I do it using moving averages - you may find something that works better for you .. gt

Amman wfakhoury 17:20 GMT January 22, 2009
usd.jpy reply
Reply   
HK Kevin 17:17 GMT January 22, 2009
-----
agree with you there is a rise but not too big to reach 90 level

USA BAY 17:20 GMT January 22, 2009
EUR/GBP AND GBP/JPY
Reply   
HONG KONG QINDEX,

DR Q, your call earlier for both gbp/jpy and eur/gbp, can we still take the trades at current levels. tia

HK Kevin 17:17 GMT January 22, 2009
YEN
Reply   
If my chart reading is correct, USD/JPY is going to test 90.40-60 level again before falling to 85. So, buy USD/JPY and yen crosses. Hope this satisfy some forum members.

Sandton RSA 17:14 GMT January 22, 2009
that insure

London CG You made an error of judgement. Mr Aman is correct.

Now say you are sorry.

Amman wfakhoury 17:14 GMT January 22, 2009
that is right
Reply   
USA BAY 17:12 GMT January 22, 2009
--------
what you said is completly right.

USA BAY 17:12 GMT January 22, 2009
My post

LONDON CG,

I dont think Amman's post is doubting Dr Q's analysis in any way, he is just asking why we did not mention to DR Q that there is an error in the value he posted earlier. So I think all this attacks are required here. All he said s there is a typo and we did not correct it. Thats all.

Hong Kong Qindex 17:11 GMT January 22, 2009
QIndex Trading System

S&P 500 : Heading Towards 807.0

lkwd jj 17:09 GMT January 22, 2009
yen
Reply   
dont know if this was mentioned.


Japanese Housewives Desperate After Currency Scheme Collapses
Email - Print - A A A

By Masatsugu Horie

Jan. 22 (Bloomberg) -- Allied LLC, an Osaka-based asset manager, is under investigation on suspicion it bilked Japanese investors, mostly housewives, using a currency trading fund, a police official said.

Investigators said a woman they declined to name who ran Allied seminars has disappeared after getting 300 people to invest 2.4 billion yen ($26.57 million) in the fund. The company stopped paying dividends in November last year.

“Allied was raided on Jan. 15 on suspicion of running a business without a license in violation of the Financial Products Trading Law,” said Kiyotaka Kawamura, a police investigator in Kochi prefecture, on the western island of Shikoku. The police confiscated computers and documents. No arrests have been made, he said. Allied’s phone number was disconnected when called by Bloomberg News.

Officials handling complaints from investors say Allied, which promised risk-free returns of as much as 5 percent a month, may have operated as a Ponzi scheme, in which early investors are paid with money received from new ones. While the scale of the suspected fraud is small compared with the $50 billion scam New York-based Bernard Madoff has allegedly admitted to running, it taints a market that was growing as low interest rates limit fixed income returns.

“We’ve had 37 victims come in seeking help,” said Yuriko Asai, deputy head of the Kochi Prefecture Consumer Center, adding that more than half of them were women.

“There are people who lost 20 million yen and some who lost all their financial assets,” Asai said. She said investors were told they would receive a finder’s fee for introducing new clients.

“Those who got in early probably weren’t hit that badly, but those who got in late were hurt,” she said.

Mrs. Watanabe

Currency trading emerged in recent years as an outlet for thrifty housewives in Japan, whom traders came to refer to as “Mrs. Watanabes,” looking to make extra money.

They specialized in carry trades, where investors get funds in countries with low borrowing costs and buy assets in countries with higher rates, earning the spread between the two. The risk is that currency moves erase those profits.

So-called margin trading of currencies in Japan using borrowed funds rose 141 percent in the July-September quarter to a record 446 trillion yen, figures from the Financial Futures Association of Japan showed in November.

The Osaka incident highlights a gap in Japan between demand for new financial instruments and knowledge of how they work.

“There’s a limit to what the police can do, so people need to be aware of risks when they invest,” said Yoshiki Aragaki, an official at the Financial Services Agency’s Securities Business Division. “There’s no investment that can only earn money, and yet we see so many victims.”

Victims

Allied’s head office, overlooking the Kyocera Dome baseball stadium from the 31st floor of the Kokusai Building, is now empty, save for a desk and a calendar on the wall showing January 2008.

“We haven’t been able to make contact, so it’s a problem,” said Tatsuhiro Matsumoto, an official in the Tokyo branch of Regus Plc, which manages the office space used by Allied.

Allied operated between June 2007 and November 2008, with an office in Kochi Prefecture, on the western island of Shikoku, in addition to the one in Osaka, and a third of the victims were in Shikoku, said Kawamura of the Kochi police.

Meantime, Asai at the Kochi Prefecture Consumer Center continues to deal with the damage.

“Some of them were in tears as they worried about how they would make ends meet,” she said.

Amman wfakhoury 16:44 GMT January 22, 2009
that insure
Reply   
London CG 16:41 GMT January 22, 2009
--------
that insure you are silly, cause my post is not for Dr Qindex.

London CG 16:41 GMT January 22, 2009
My post

so you think you can talk regarding Doctor Qindex and throw doubt on his professionalism,where he is quite an icon of professionalism,and then you imagine getting away with such stupidity???

Amman wfakhoury 16:38 GMT January 22, 2009
My post
Reply   
oohh..I dont know my post will show the silly poeple here.

London CG 16:35 GMT January 22, 2009
is it useful to post call here

Wfakhoury,senile dementia is always curable to an extent.guess you shud consult some specialist soon.

Aqaba Ahmed 16:32 GMT January 22, 2009
is it useful to post call here

Amman wfakhoury 16:19 GMT January 22, 2009

relax boy and never put yourself with Qindex in one sentence!

Haifa ac 16:22 GMT January 22, 2009
Pound bottoming out temporarily?

Mysore Forexveda 16:10 GMT //

Well said.

Amman wfakhoury 16:19 GMT January 22, 2009
is it useful to post call here
Reply   
Hong Kong Qindex 15:23 GMT January 22, 2009
---------
Dr made a mistake in his call , and noone alert him ,then he
post the correction after 2 hours.
Is that confirm no serious traders here ,and the call of prof,
trader is a waste of time.

Mysore Forexveda 16:10 GMT January 22, 2009
Pound bottoming out temporarily?
Reply   
Buy
Entry: Target: Stop:

It took 6.5 years for pound to move from 1.36 to 2.0+ but fell 6500 in 6 months! This is called going up in escalator and coming down in Lift. We can't see this kind of movement unless orchaestrated by the Federal Banks. We may have seen temperory bottom in Pound and likely to see 1.5350 in next 3 to 6 months of time. Its time for GBP/JPY also to follow and reach close to 160. Usd/Jpy along with pound may help this pair to reach 160. IMHO only

Amsterdam Purk 16:09 GMT January 22, 2009
HK Kevin

Ah yes, he did....

Amsterdam Purk 16:09 GMT January 22, 2009
HK Kevin

London 16:07 GMT January 22, 2009
HK Kevin: Reply
u do ....

He does?

London 16:07 GMT January 22, 2009
HK Kevin
Reply   
u do ....

HK Kevin 16:04 GMT January 22, 2009
Cable

Bilad KaL, thanks. I am long Cable an hour ago. Don't post it as one of the forum friend always said I posted after the fact.

Bilad KaL 16:00 GMT January 22, 2009
Cable

That's what I got Kevin
tops today 1.40..
does not seem like will go there

HK Kevin 15:45 GMT January 22, 2009
Cable

Bilad KaL 15:20 GMT January 22, 2009
Cable: Reply
GBPUSD Ends the week 1.34 to 1.23
Current rate 1.37. Do you expect Cable to fall 3-14 big figures
before tomorrow?

Hong Kong Qindex 15:23 GMT January 22, 2009
QIndex Trading System

Buy EUR/GBP
Entry: 0.9435 Target: 0.9530 Stop: 0.9250

Hong Kong Qindex 13:25 GMT January 22, 2009
QIndex Trading System: Reply
Buy EUR/GBP
Entry: 0.9428 Target: 0.9311 - 0.9355 Stop: 0.9250

EUR/GBP : Daily Cycle Analysis

Expected Range : 0.9030 - 0.9631

Normal Lower Limits : 0.8149 - 0.8489 - 0.8558*
Lower Mid-Point Reference : 0.8508 - 0.8708 - 0.8794*
Weekly Cycle Pivot Centers : (0.8867) - (0.8927) - (0.9030*)
Upper Mid-Point Reference : 0.9146 - 0.9227 - 0.9265*
Normal Upper Limits : 0.9265 - 0.9501 - 0.9586

Daily Cycle Projected Series (0.9315) : ... 0.8979 - 0.9049* - 0.9120 - 0.9155 // 0.9190* - 0.9225 - 0.9261 - 0.9296 - 0.9331* - 0.9366 - [0.9401] - 0.9437 - 0.9472* - 0.9507 - 0.9542 - 0.9577 - 0.9613* // 0.9648 - 0.9683 - 0.9754* - 0.9824 ...

Daily Cycle Congested Area : 0.8677 - 0.8918 - (0.9160 - 0.9401) - 0.9643 - 0.9884 - 1.0126

Suggested Trade : Buy 1/3 - 1/2 in the first entry point
Entry Points : 0.9311 - 0.9355
Target(s) : 0.9530
Stops : 0.9250

Upside Targeting Points : 0.9544 - 0.9569

Downside Targeting Points : 0.9265 - 0.9354

Remarks : Significant levels are positioning at ... 0.8562 // 0.9030 - 0.9076 - 0.9170 - 0.9287 - 0.9311 - 0.9353 // 0.9532 - 0.9546 ... They are valid until the end of this month.


Bilad KaL 15:20 GMT January 22, 2009
Cable
Reply   
GBPUSD Ends the week 1.34 to 1.23

Bilad KaL 15:20 GMT January 22, 2009
Cable
Reply   
GBPUSD Ends the week 1.34 to 1.23

HK Kevin 15:12 GMT January 22, 2009
RUB
Reply   
[Reuters 15:03 USD/RUB: CBR Announcement Digested] London, January 22. According to the Russian Central Bank Chairman the CBR is to stick to their managed float and that they are halting the continued widening of the Rouble trading corridor. Ignatyev noted the upper boundary of the USD & EUR basket now stands at 41 but the de-facto value of the RUB could "be much lower than today"s 37.2 level".
The press conference is not the free-float that many had hoped for so tomorrow should be back to business as usual. IFR will be looking for the RUB to weaken slightly into early Friday trading. Look for resistance against the basket towards the 38 level.

Toronto tn 14:57 GMT January 22, 2009
Strong USD in U.S. interest

thanks Jay, just sayin' if they really mean it this time it might be a good idea to at least change the wording or something.

Lahore FM 14:43 GMT January 22, 2009
Trade Ideas

yes JF,i quite see the great dependence aussie has on china and the slowdown connection.i am not in the trade for a tonne of pips though.looked reasonably good for some.

am grateful that you mentioned the relevant issue!thank you!!

austin mw 14:42 GMT January 22, 2009
News?

hearing yesterday that Russia might let ruble float as deval hasn't worked

fl jf 14:40 GMT January 22, 2009
Trade Ideas

Fm short term audusd may rise with eurusd

but if they start messing with china the audusd is going to get slammed. how long that takes to happen im not sure. gt

GVI Forex Jay 14:38 GMT January 22, 2009
Strong USD in U.S. interest

tn, conditions have changed. US needs to promote a strong dollar given the need for capital going forwards to finance mammoth deficits .

Lahore FM 14:29 GMT January 22, 2009
Trade Ideas

long audusd 0.6511 with 0.6460 stop.

Toronto tn 14:27 GMT January 22, 2009
Strong USD in U.S. interest
Reply   
Isn't that the exact formulation Paulson was using the whole time euro went from 1.16 to 1.60?

GVI Forex Jay 14:20 GMT January 22, 2009
News?

More from posts on GVI Forex:

Russia CB to hold a press conf at 15:00 GMT...about 40 min from now....

chatter russian deval coming at 10am - poor source

GVI Forex Jay 14:18 GMT January 22, 2009
News?

From GVI Forex:

GVI Forex john 14:11 GMT January 22, 2009
Headlines and Data Discussion: Reply

Geithner- Strong USD in U.S. interest

London HC 14:15 GMT January 22, 2009
News?
Reply   
Any news just come out or is it all stocks?

Toronto tn 14:04 GMT January 22, 2009
double whammy session
Reply   

fl jf 22:16 GMT January 21, 2009

Fabulous post. This pearl of wisdom is especially resonant:
"if you cant trade without explanations first then this is probably not for you."...

Could you elaborate on this idea of "calculating support and resistance in each"... from what I understand you prefer to trade the chart of each one wholly separately?

Graz 13:38 GMT January 22, 2009
GBP/USD update #2
Reply   
Graz 08:02 GMT January 20, 2009
GBP/USD update: Reply
Graz 09:25 GMT January 14, 2009
Buy GBP/USD
Entry: 1.3888-1.4388 Target: 1.5888-1.6388 Stop: 1.34xx


build position until 10/FEB/2009

___
UPDATE: quarter low will be seen this week and most probably the next 24 hours.

___
UPDATE #2: position averaged now at 13868 and stop moved below 1.34

London HC 13:35 GMT January 22, 2009
US Data
Reply   
US data was awful - interesting how modest reaction was mainly in jpy crosses

Hong Kong Qindex 13:25 GMT January 22, 2009
QIndex Trading System

Buy EUR/GBP
Entry: 0.9428 Target: 0.9311 - 0.9355 Stop: 0.9250

EUR/GBP : Daily Cycle Analysis

Expected Range : 0.9030 - 0.9631

Normal Lower Limits : 0.8149 - 0.8489 - 0.8558*
Lower Mid-Point Reference : 0.8508 - 0.8708 - 0.8794*
Weekly Cycle Pivot Centers : (0.8867) - (0.8927) - (0.9030*)
Upper Mid-Point Reference : 0.9146 - 0.9227 - 0.9265*
Normal Upper Limits : 0.9265 - 0.9501 - 0.9586

Daily Cycle Projected Series (0.9315) : ... 0.8979 - 0.9049* - 0.9120 - 0.9155 // 0.9190* - 0.9225 - 0.9261 - 0.9296 - 0.9331* - 0.9366 - [0.9401] - 0.9437 - 0.9472* - 0.9507 - 0.9542 - 0.9577 - 0.9613* // 0.9648 - 0.9683 - 0.9754* - 0.9824 ...

Daily Cycle Congested Area : 0.8677 - 0.8918 - (0.9160 - 0.9401) - 0.9643 - 0.9884 - 1.0126

Suggested Trade : Buy 1/3 - 1/2 in the first entry point
Entry Points : 0.9311 - 0.9355
Target(s) : 0.9530
Stops : 0.9250

Upside Targeting Points : 0.9544 - 0.9569

Downside Targeting Points : 0.9265 - 0.9354

Remarks : Significant levels are positioning at ... 0.8562 // 0.9030 - 0.9076 - 0.9170 - 0.9287 - 0.9311 - 0.9353 // 0.9532 - 0.9546 ... They are valid until the end of this month.

Bilad KaL 13:21 GMT January 22, 2009
eurusd day level
Reply   
seems to me just a correction
with possible next low @ 1.2950 area tops at 1.3170 to 1.3220
then back to south trend again

Lahore FM 12:56 GMT January 22, 2009
Trade Ideas

01/20/2009 13:37:23 FM Lahore 9
went long usdjpy at 90.39 with 89.35 stop.
--
long 90.39 was stopped yesterday at 89.35 for minus 104.

Lahore FM 12:54 GMT January 22, 2009
Trade Ideas

01/20/2009 19:27:09 FM Lahore 5
long usdjpy 2nd time 89.88.

long snp 500 march at 812 after getting stopped once for minus 17 points.
--
half of snp 500 march long 812 out at 833.75,stops to entry on 1/2 remainder.

GVI Forex john 12:31 GMT January 22, 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

Netherlands Bob 11:37 GMT January 22, 2009
Madoff San Osaka Branch

Mtl JP 11:31 GMT January 22, 2009

had the same conversation in Dutch, she went wild when I diverted the conversation into ski resorts and her favorite perfumes ... funniest, she did not mind to make an appointment late in the evening at place of my choice ... I love my wife :)

Mtl JP 11:31 GMT January 22, 2009
Madoff San Osaka Branch

LOL Syd... as IF a licence would make a difference.

GVI Forex john 17:09 GMT January 21, 2009
Headlines and Data Discussion: Reply

[Dow Jones] Hedge funds lost a record 21% in 2008 according to the Barclay Hedge Fund Index compiled by BarclayHedge. "2008 hedge fund losses were widespread, with 70% of the funds that report to us ending the year in the red," said Sol Waksman, president of BarclayHedge. Managers of funds of hedge funds turned in an even poorer performance, with 85% finishing in the minus column, losing an average of 22%.

_
I temporarily deposited some money in a bank account. Bank promptly noticed and called me with "we have an investment suggestion". So there I was, listening to a "financial advisor" who could not even calculate the required %age appreciation to make up a 30% loss ! I estimate she takes around 40K/yr salary. rofl.

Hong Kong Qindex 11:25 GMT January 22, 2009
QIndex Trading System

Sell GBP/JPY
Entry: 122.42 Target: 116.00 Stop: 124.50

GBP/JPY : Daily Cycle Analysis

Expected Range : 118.83 - 125.33

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 (125.03) : 115.54* - 116.78 - 118.03*... 119.27 - 120.52* - 121.76 - 122.39 // 123.01* - 123.63 - 124.25 - 124.88 - 125.50* - 126.12 - [126.74] - 127.37 - 127.99* - 128.61 - 129.23 - 129.86 - 130.48* // 131.10 - 131.73 - 132.97* - 134.22 ...

Daily Cycle Congested Area : 113.94 - 118.21 - (122.48 - 126.74) - 131.01 - 135.28 - 139.55

Suggested Trade : Sell 1/3 - 1/2 in the first entry point
Entry Points : 122.42
Target(s) : 116.00
Stops : 124.50

Upside Targeting Points : 128.44 - 128.90

Downside Targeting Points : 115.67 - 117.46

Remarks : Significant levels are positioning at ... 112.36 - 115.80 // 118.83 - 120.65 - 122.33 - 123.62 - 124.72 - 125.33 // 127.64 - 131.91 ... They are valid until the end of this month.

PAR 11:15 GMT January 22, 2009
Madoff San Osaka Branch
Reply   

Jan. 22 (Bloomberg) -- Allied LLC, an Osaka-based asset manager, is under investigation on suspicion it bilked Japanese investors, mostly housewives, using a currency trading fund, a police official said.

Investigators said a woman they declined to name who ran Allied seminars has disappeared after getting 300 people to invest 2.4 billion yen ($26.57 million) in the fund. The company stopped paying dividends in November last year.

“Allied was raided on Jan. 15 on suspicion of running a business without a license in violation of the Financial Products Trading Law,” said Kiyotaka Kawamura, a police investigator in Kochi prefecture, on the western island of Shikoku. The police confiscated computers and documents. No arrests have been made, he said. Allied’s phone number was disconnected when called by Bloomberg News.

Officials handling complaints from investors say Allied, which promised risk-free returns of as much as 5 percent a month, may have operated as a Ponzi scheme, in which early investors are paid with money received from new ones. While the scale of the suspected fraud is small compared with the $50 billion scam New York-based Bernard Madoff has allegedly admitted to running, it taints a market that was growing as low interest rates limit fixed income returns.

Gen dk 10:50 GMT January 22, 2009 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Syd 10:46 GMT January 22, 2009
France 'Joins The Dead Consumers Society'
Reply   
France in December "eventually joined the dead consumers society," as consumer spending on a yearly basis has turned negative, says Global Equities' economist Marc Touati. Notes its the first time since September 1997 that French consumer spending on a yearly basis turns negative. Says the real crash test for French consumer spending will be the winter sales season which started earlier this month. Calls for ECB to lower rates to 1.25%.

Hong Kong Qindex 10:28 GMT January 22, 2009
QIndex Trading System

Sell GBP/USD
Entry: 1.3850 Target: 1.3750 Stop: 1.4020

GBP/USD: Daily Cycle Analysis

Expected Range : 1.3438 - 1.4435

Normal Lower Limits : 1.2389* - 1.3276 - 1.3441
Lower Mid-Point Reference : 1.3262* - 1.3842 - 1.4073
Weekly Cycle Pivot Centers : (1.4134*) - (1.4407) - (1.4704)
Upper Mid-Point Reference : 1.4973 - 1.5006* - 1.5336
Normal Upper Limits : 1.5538 - 1.2879* - 1.5968

Daily Cycle Projected Series (1.3975) : ... 1.3251 - 1.3369* - 1.3488 - 1.3547 // 1.3606* - 1.3665 - 1.3724 - 1.3783 - 1.3843* - 1.3902 - [1.3961] - 1.4020 - 1.4079* - 1.4138 - 1.4198 - 1.4257 - 1.4316* // 1.4375 - 1.4434 - 1.4553* - 1.4671 ...

Daily Cycle Congested Area : 1.2744 - 1.3149 - (1.3555 - 1.3961* - 1.4367) - 1.4773 - 1.5178

Suggested Trade : Sell 1/3 - 1/2 in the first entry point
Entry Points : 1.3961 - 1.3989
Target(s) : 1.3750
Stop(s) : 1.4020

Upside Targeting Points : 1.4198 - 1.4287

Downside Targeting Points : 1.3724 - 1.3744

Remarks : The market has a tendency to trade within 1.3606 - 1.4058. Significant levels are positioning at ... 1.3438 // 1.3656 - 1.3767 - 1.4120 - 1.4248 - 1.4263 - // 1.4435 .... They are valid until the end of this month.

Amsterdam Purk 09:55 GMT January 22, 2009
!

He was caught taking other pills...

I like this stophunt, because it gives more chances to get better positions. (e/u)

Syd 09:14 GMT January 22, 2009
a
Reply   
LDN - Rudd is in for a rough ride this year , he will need more than understanding chinese to get him by - ACTU dont speak Chinese !! :-))

Obama is Positive for the Dollar
Meg Browne, senior currency strategist at Brown Brothers Harriman thinks that with the new Obama administration will be positive for the dollar going forward.
http://www.cnbc.com/id/15840232?video=1006956895&play=1

LDN 09:07 GMT January 22, 2009
Rudd
Reply   
Syd 08:54 GMT January 22, 2009
All he had to say to be understood is the expression " Australia, we are juicy- fruited"

Syd 09:00 GMT January 22, 2009
UK
Reply   
FSA Chief: We must not overreact to short term share price movements - BBC Radio- authorities will ensure banks don't collapse !!

Syd 08:54 GMT January 22, 2009
Aust
Reply   
KEVIN Rudd talked up the resilience of Australians today as he used speeches in Hobart and Melbourne to warn that 2009 would bring economic turmoil to "test the very fabric" of the nation.http://www.theaustralian.
news.com.au/story/0,25197,24948570-601,00.html

Maribor 08:47 GMT January 22, 2009
GBPAUD
Reply   
Ideal step-in would be ~2,0925(ask) for 2,129(bid) target, but can go further down before reaching target.

Amsterdam Bobsy 07:41 GMT January 22, 2009
!
Reply   
Bilad KaL 07:30 GMT January 22, 2009
Did you used to be know as " Bahrain within 10 pips?...should stick with that handle ...Bilad Kal is kind of scary ..if you ae reading this on an airplane...lol

And PURKY....dont forget to pick up Maxim form the supermarket.....

Bilad KaL 07:30 GMT January 22, 2009
GBPJPY and EURJPY Longs
Reply   
on the trend reverse
GBP/JPY Might see 134 area before next drop
EURJPY Might see 122 in a week +

Bilad KaL 07:24 GMT January 22, 2009
AUDUSD Sell off is over
Reply   
I think more like a pick till .7 for next sell off
I am flat with some longs on eurusd and cable

Bilad KaL 07:24 GMT January 22, 2009
AUDUSD Sell off is over
Reply   
I think more like a pick till .7 for next sell off
I am flat with some longs on eurusd and cable

Hong Kong Qindex 07:05 GMT January 22, 2009
QIndex Trading System


Entry: 1.3008 Target: 1.2834 Stop: 1.3150

EUR/USD : Daily Cycle Analysis

Expected Range : 1.2586 - 1.3128

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 (1.3018) : ... 1.2510 - 1.2613* - 1.2716 - 1.2768 // 1.2819* - 1.2871 - 1.2922 - 1.2973 - 1.3025* - 1.3076 - [1.3128] - 1.3179 - 1.3231* - 1.3282 - 1.3334 - 1.3385 - 1.3437* // 1.3488 - 1.3539 - 1.3642* - 1.3745 ...

Daily Cycle Congested Area : 1.2069 - 1.2422 - (1.2775 - 1.3128) - 1.3481 - 1.3833 - 1.4186

Suggested Trade : Sell 1/3 - 1/2 in the first entry point
Entry Points : 1.3025 - 1.3069
Target(s) : 1.2834
Stop(s) : 1.3150

Upside Targeting Points : 1.3025 - 1.3069

Downside Targeting Points : 1.2810 - 1.2819

Remarks : Significant levels are positioning at ... 1.2628 // 1.2834 - 1.2892 - 1.2916 - 1.2960 - 1.3065 // 1.3280 .... They are valid until the end of this month.


Syd 05:34 GMT January 22, 2009
Australia Fin Min Tanner:
Reply   
Australia Fin Min Tanner: Government stands ready to act when needed, China's slowdown has "major impact" on Australia
- China growth figures are bad news for Australia.
- Australian consumers are very apprehensive.
- Economy faces unprecedented pressures.
- Has had no approaches from companies over crisis fund.
- In talks with banks over crisis fund
- Government worried foreign banks may withdraw funding.

Nov US miles driven -5.3% y/y (largest drop on record) - Govt

Bilad KaL 04:41 GMT January 22, 2009
EurUSD
Reply   
Looks Like next leg is 1.32 to 1.27

cable is 1.42 to 1.3

HK [email protected] 04:20 GMT January 22, 2009
Sugested trade
Reply   
Buy USD/JPY
Entry: 88(If seen) Target: 88.50 Stop: 87.70

.

HK [email protected] 03:51 GMT January 22, 2009
Fainted traders?
Reply   


I just wonder about this strange silence.

Maybe some around fainted......need help?
Hope taking lunch or snacks.

Syd 03:30 GMT January 22, 2009
fx
Reply   
(UK) FSA has talked with auditing firms to ensure that banks are not hurt by accountants' concerns over their viability - FT
- The 6 major accounting firms have met with the FSA twice to talk about issues related to the valuations for lenders' assets and the banks' ability to continue functioning through the next financial year.

Barclays PLC The UK government is in talks with the bank after Barclays admitted that raising added capital could trigger a clause that would give control to its Middle East investors - Telegraph

Various international banks operating in central and eastern Europe want the ECB and EU to extend their anti-crisis measures to ease the credit crisis in the region - FT

Sterling-Dollar May Plunge to $1.20
The sterling can plunge as low as $1.20 against the dollar due to the significant headwinds facing the UK economy, says John Horner, FX strategist at Deutsche Bank
http://www.cnbc.com/id/15840232?video=
1008498944&play=1

Syd 03:17 GMT January 22, 2009
NZ Econ Faces Investment, Job Mkt Shocks - BNZ
Reply   
NZ economy facing another tough period in 2009, says Bank of NZ senior markets economist Craig Ebert; "prior hopes that we might find our feet through 2009, and start rebounding toward the end of it, have been stymied by an intensifying global recession that will surely keep us on the back foot, if not knock us onto our posterior." Tips annual average GDP to contract 0.9% in calendar 2009 vs expected 0.3% rise last year; says key factors for NZ economy this year will be how business investment and labor market fares; "these were already looking vulnerable, given the cooling of the economy and the intensifying squeeze on profits." Says businesses scaling back investments in major way, while job losses expected to mount.

HK [email protected] 02:25 GMT January 22, 2009
Euro not safe to long!!!
Reply   
Euro can have a respite in it's decline, and get a safer bounce between 1.26 to 1.27. So until then a safer side is to be Euro-short.

Yen is king until 85,86 .

My position trading I suggested sometime ago (enter long yen between 90.50 to 91.50 to target 85.5 is still valid and productive)

singapore td 01:51 GMT January 22, 2009
euro
Reply   
will stick to the gameplan

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

Syd 00:21 GMT January 22, 2009
Aust
Reply   
Australian Treasurer Wayne Swan said Thursday the government has more room to move in terms of fiscal and monetary policy but that foreign banks haven't yet begun to withdraw funding from domestic borrowers.

 




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GVI Trading. Potential Price Risk Scale
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Mon 27 May 2019
AAGB/US- Holiday
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Thu 30 Mar 2019
AAEZ/CH- Holiday
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