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Forex Forum Archive for 01/26/2009

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


Syd 23:03 GMT January 26, 2009
Geithner
Reply   
U. .S. Treasury Secretary-designate Timothy Geithner was not making a formal finding last week when he told senators China was manipulating its currency, a White House official said on Monday.

Syd 22:27 GMT January 26, 2009
Europe
Reply   
ECB Governing Council member Yves Mersch said in an article published Monday that unconventional monetary policy measures are more complicated in Europe than in the U.S. or the U.K. and could unsettle markets.
The euro is also plagued by concerns about sovereign solvency, seen in widening credit default swap spreads and government spreads after credit downgrades by Standard & Poor's for some euro zone members, including Spain and Greece.

Ripple effect of corporate defaults, which S&P predicts to reach an all-time high of 13.9% this year, shouldn't be underestimated, FT's Alphaville says. For instance, Circuit City's bankruptcy and store closings will put additional pressure on commercial real estate, blog notes. "Corporate defaults also put pressure on already strained banks and other financial companies that can scarcely afford to be stiffed by one significant debtor after another," blog says. "And then, of course, there are the job losses, which compound the woes facing consumers. All that, and it's still only January."
http://ftalphaville.ft.com/blog/2009/01/23/51608/brace-yourselves-for-record-corporate-defaults-in-2009-for-desking/

Gen dk 22:08 GMT January 26, 2009 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Syd 22:03 GMT January 26, 2009
fx
Reply   
Pound strengthens against dollar but Jim Rogers predicts further falls


Financial crisis: just how big is Britain's toxic debt?
An army of accountants is combing through the books, trying to establish just how much the toxic assets of the bailed-out banks are actually worth. At stake, says the Government, is the future of Britain's economy. Sir Fred Goodwin often said that he had turned the 280-year-old institution into "a sausage machine".


The head of Italy's largest carmaker, Fiat SpA (F.MI), has said some 60,000 workers in the country's auto sector risk losing their jobs if the government doesn't step in to help, Ansa news agency reports Monday.

Bank of America Corp. (BAC) has cut 1,900 staff in London as part of its redundancy plan that will see up to 35,000 positions axed worldwide over the next three years following its merger with Merrill Lynch & Co. Inc., people familiar with the matter said Monday. The affected staff at both Bank of America and Merrill Lynch found out late last week that they had lost their jobs and another round of redundancies is expected in early February, the people said.

GVI Forex john 21:34 GMT January 26, 2009
GVI Forex Analysis
Reply   

Click for Complete Chart Points

26-Jan-09

EURUSD

USDJPY

USDCHF

GBPUSD

USDCAD

Close

1.3181

88.98

1.1367

1.3973

1.2241

High

1.3207

89.69

1.1642

1.3994

1.2388

Low

1.2862

88.28

1.1342

1.3549

1.2143

Simple mva

EUR/USD

USD/JPY

USD/CHF

GBP/USD

USD/CAD

5 day

1.3012

89.19

1.1413

1.3645

1.2470

10 day

1.3095

89.48

1.1271

1.4077

1.2458

20 day

1.3404

90.48

1.1028

1.4359

1.2241

50 day

1.3320

91.71

1.1331

1.4637

1.2326

100 day

1.3421

96.72

1.1312

1.5734

1.1871

200 day

1.4425

101.65

1.0869

1.7555

1.1050

lkwd jj 21:24 GMT January 26, 2009
fx

great idea for a dartboard !!!

Syd 21:20 GMT January 26, 2009
.
Reply   
Mtl JP yes a Rogues gallery good article thanks

Mtl JP 21:10 GMT January 26, 2009
fx

Syd 20:58 / it would be polite to indicate which kind of "deflation" he refers to. It could be price deflation expectations or money supply deflation. Talking of price deflation expectations, the guardian had a cool pictorial about that potential: Growing stocks of unsold cars around the world ... in 13 picture.
--
psst... some family pictures

lkwd jj 20:59 GMT January 26, 2009
Open Interest and On Balance Volume

are those indicators based off the futures mkts? can we see volume or open interest in fx?

Syd 20:58 GMT January 26, 2009
fx
Reply   
ECB's Weber: Critical of concept of 'bad bank', prefers asset revaluation instead; does not see deflation risk in medium term, German economic outlook for 2009 'realistic'
- Sees a significant fall in inflation rates in the short term, there may be negative annual inflation rates recorded in some months in some EMU countries, including Germany.
- Notes that the German GDP may fall 2.25% in 2009, sees German economy contracting in Q1, then stabilizing.
- risks to price stability have greatly diminished; risks to the economic outlook are too the downside.
- does not see inflation risk posed by ECB liquidity provisions; no deflation risk in the medium term

$2b welfare crisis looms
Official forecasts say the Rudd Government faces a $1 billion blowout as unemployment moves up to 5.75 percent but analysis by the Herald Sun reveals that sum will double as the jobless rate hits 6.7 percent by the end of the year.
http://news.ninemsn.com.au/national
/733320/2b-welfare-crisis-looms

Economic crisis brings big rise in insolvencies
WEAKENING economic conditions have led to a record number of companies entering insolvency, according to new research.
The figures were sourced from the Australian Securities and Investments Commission's data and Restructuring Works said the seven months to November 2008 were the worst since ASIC had begun compiling the information (in its current format) in 1999. Australian banks' new assets impairment charges had risen to $13.3 billion in the year to September 2008, more than triple the $3.7 billion yearly average of the last five years.

RBNZ could surprise with 150 bp cut rather than consensus 100 bp cut at Thursday's rate review, says Bancorp Treasury in report; "most banks have forecast a 100 point OCR cut but some believe there is a chance of the larger move." Says NZ's, which already in recession, facing more headwinds as hope of an export led recovery has been squeezed as main trading partners are either in or heading towards a recession. RBNZ cut cash rate an unprecedented 150 bp last month to 5.00%. Some analysts expect cash rate could be shaved to 2.50% by middle of year.

Brisbane 19:29 GMT January 26, 2009
Open Interest and On Balance Volume

Interesting comments on YEN
I assume this to apply to usd/jpy soon.
Thanks

USA BAY 19:24 GMT January 26, 2009
HAPPY CHINESE NEW YEAR
Reply   
To Dr Q and all our friends celebrating Chinese New Year, I wish everyone Gong Xi Fa Chai, have a great year ahead. Gt/GL

PAR 18:35 GMT January 26, 2009
Banks helping the economy
Reply   
The New York Post's Jennifer Keil and Chuck Bennett reported in Monday's paper that Citigroup, which has received $45 billion in government bailout funds, is about to upgrade to a new $50 million, twelve-seat corporate jet.

The plane, the Dassault Falcon 7X, is a luxurious jet with a range of 5,950 nautical miles (meaning it can fly from New York to all of Europe and South America, as far east as Riyadh, and as far west as Honolulu or Petropavlovsk, Russia). The Post reports it has "plush interior with leather seats, sofas and a customizable entertainment center."

The Dassault website describes the wide, generously appointed cabin, but says the "the airplane's most welcome feature may be Dassault's breakthrough environmental system." It touts "quieting acoustics" and advanced temperature monitoring that contribute to a more comfortable passenger experience.

The Post also reports that Citi executives are "quietly trying to unload two of their older Dassault 930EXs," worth approximately $27 million each.

PAR 18:16 GMT January 26, 2009
Nationalisation as in the UK
Reply   

http://www.nytimes.com/2009/01/26/business/economy/26banks.html?_r=1&hp

Nationalization Gets a New, Serious Look

Privately, most members of the Obama economic team concede that the rapid deterioration of the country’s biggest banks, notably Bank of America and Citigroup, is bound to require far larger investments of taxpayer money, atop the more than $300 billion of taxpayer money already poured into those two financial institutions and hundreds of others.

But if hundreds of billions of dollars of new investment is needed to shore up those banks, and perhaps their competitors, what do taxpayers get in return? And how do the risks escalate as government’s role expands from a few bailouts to control over a vast portion of the financial sector of the world’s largest economy

Graz 17:46 GMT January 26, 2009
GBP/USD
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

___ Graz 08:02 GMT January 20, 2009
GBP/USD update: Reply

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

___ Graz 13:38 GMT January 22, 2009
GBP/USD update #2: Reply

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

jkt-aye 17:29 GMT January 26, 2009
FX

BOBL ... many thanks.

Maribor 17:20 GMT January 26, 2009
GBPAUD

Normal(statisticaly) behavior would take GBPAUD to ~2,13 and also to 2,08 during next 24 hours...if not normal, use stops smartly.

San Diego bobl 17:17 GMT January 26, 2009
FX
Reply   
jkt-aye
Yes, absolutely...........try http://www.forexrealm.com/technical analysis/technical-indicators.html for starters.

You can google lots of information on how to use these and what they mean.

Also, OPTION studies are very good tools for trading, especially if you can pair institutions with held trades and options.

Many traders that stay glued to a screen(s) and trade emotionally with the movement may find options a much cheaper learning curve not to mention some fantastic results.
It's a whole other game and rules, so I would suggest traders to "understand" what options are, their functions, and how to tell if they are hedges or outrights.

gl/gt

Bilad KaL 17:15 GMT January 26, 2009
GBPAUD
Reply   
GBPAUD...very Nice with dips

2.2617 1.9492
For next levels...?!!
swing

Bilad KaL 17:11 GMT January 26, 2009
Oil selling

as worst level for uso
its 40.03 25.71
For next month
There is no way that oil is a buy IMO

Clogland Purk 17:10 GMT January 26, 2009
Market e-u
Reply   
Well we are on some kind of edge again± 13181 to beat... lets see if it was the top for Cloggy day. Not a typical Monday but a kind of direction day. Will see if we can get a 200 range, 50/75 bounce than 200 range, nice!!!!!

jkt-aye 17:04 GMT January 26, 2009
Open Interest and On Balance Volume

BOBL ... do you use futures op/int + vol for gauge fx spot ?

Bilad KaL 16:56 GMT January 26, 2009
Oil selling

That USO sorry...Mirror image

which is 10 lower then Oil spot

San Diego bobl 16:49 GMT January 26, 2009
Open Interest and On Balance Volume
Reply   
San Diego bobl 16:47 GMT January 26, 2009
open interest and obv: Reply
Open Interest and On Balance Volume are two key indicators of the meaning and realability of market moves. This is a difficult pursuit because commercials hedge, spreaders influence, and large/small specs are usually right in the beginning but have a poorer record in duration of time of the product. And then seasonals etc. apply to all of the above. Something that has jumped off the page so far is the rapid rise in the YEN on declining open interest (held positions) and On Balance Volume. This type of behavior has a good record of fortelling market direction change. I have a ton of study and interpretation to do accross the board, but what I have seen on the surface thus far says we may be in for a longer term change in trends. Nothing completed yet and only on the surface now, but these informational indicators have a very good record. More on this next couple of days. Today's close, volume patterns, and open interest, and spreader activity well worth study at the moment when so much "change and we'll fix this stuff" is out there.

gl/gt

Mtl JP 16:46 GMT January 26, 2009

Tokyo toni 16:47 GMT January 26, 2009
Oil selling

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



any update on these Kal?you were selling at sub 40!!

Lahore FM 16:37 GMT January 26, 2009
Trade Ideas

01/21/2009 18:09:20 FM Lahore 25
long gbpchf 1.5917,stops 1.5680.

usdjpy 2nd long 88.14,stops for this alone at 87.65.
--
half out at 89.26 for +112,stops to entry.

Lahore FM 16:33 GMT January 26, 2009
Trade Ideas

usdcad long 1.2280 stopped at 1.2150 for minus 130.

Bilad KaL 16:31 GMT January 26, 2009
extreme bearish sentiment maybe over

Yes... not worth it until there
But we are inside a Longer term Buy Band...I mean If one Holds positions for more then 9 years, they are slowly buying...
we trade for a few days...maybe some weeks
so...offcourse not for us...but worth having in Mind...for now it's short till month end...so :)

Jerusalem ML 16:29 GMT January 26, 2009
GBP 1.43 by thursd
Reply   
GBP
Entry: Target: Stop:

1.43 on the pound by thursday

GT

jkt-aye 16:27 GMT January 26, 2009
extreme bearish sentiment maybe over

Kal ... 10 to 30 fig error ? is it worth to try ? ... i'm confused.

Bilad KaL 16:19 GMT January 26, 2009
extreme bearish sentiment maybe over

Agree
these are crude average for next low and High

Cable
daily

1.6781 1.2878
weekly

2.0205 1.3935

Now trading way below the average Low weekly but not daily
Need to have below 1.2878 to Buy
and that avg could have an error of as much as 10 to 30 Big ones
if I was to place a long term orders
would start with 1.1727 into 1.0960
1.7816 1.1727
1.7989 1.1535
1.8058 1.1458
1.8092 1.1420
1.8161 1.1343
1.8506 1.0960


HK nt 15:47 GMT January 26, 2009
extreme bearish sentiment maybe over
Reply   
UK Barclays Bank has already dropped 94% and Royal Bank of Scotland did 99% dive. The worst maybe seen, bullish for GBP...

Amman wfakhoury 15:02 GMT January 26, 2009
eur.jpy
Reply   
Amman wfakhoury 14:59 GMT January 26, 2009
eur.jpy call result: Reply
Amman wfakhoury 08:46 GMT January 26, 2009
eur.jpy: Reply
-------------
115.60 will confirm the strong uptrend.
------------
still in strong uptrend till 117.40
=====
up to 117.95


Bilad KaL 14:59 GMT January 26, 2009
GBPAUD
Reply   
Seems want to change direction
from 1.95 area in a day or 2

short eurjpy Target 112.5

Amman wfakhoury 14:59 GMT January 26, 2009
eur.jpy call result
Reply   
Amman wfakhoury 08:46 GMT January 26, 2009
eur.jpy: Reply
-------------
115.60 will confirm the strong uptrend.
------------
still in strong uptrend till 117.40

Gen dk 14:56 GMT January 26, 2009 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Munich peter 14:54 GMT January 26, 2009
usd/cad

Hello BOBL, any view on eurusd? Your remark on Friday was for the textbooks. TIA

Lahore FM 14:53 GMT January 26, 2009
Trade Ideas

2nd long gbpchf entered now at 1.5928.

Bilad KaL 14:30 GMT January 26, 2009
usd/cad

BOBL/
I think U are right...was looking at some Daily data earlier...Some correction is about to happen
will place tight stops on longs

San Diego bobl 14:20 GMT January 26, 2009
usd/cad
Reply   
Kal...
I suggest being careful with laying long usd/cad for 1.30. Some collatoral market behaviors showing a potential intermediate change.... further out is anyones's guess. However, USD/CAD has a weekly 4X top but the daily is moving into 2008's main range. Cad moves with gold, and gold is holding up well, for whatever reason, therefore I suggest some caution on buying dips. Early in the day thus far, so no telling, but worth noting imho.

gl/gt

Bilad KaL 14:01 GMT January 26, 2009
USDCAD Looks good
Reply   
Might do nasty North
1.30 is not impossible

Lahore FM 13:59 GMT January 26, 2009
Trade Ideas

01/23/2009 17:37:51 FM Lahore 9
long audusd 0.6533,stops 0.6410.letting other order at 0.6492 also run.
--
half of 0.6533 long out at 0.6610.stops remain.the order removed and it was missed by a fraction today.

Lahore FM 13:58 GMT January 26, 2009
Trade Ideas

01/25/2009 21:47:15 FM Lahore 6
orders in to long 817.75,stops 22 points under at 795,t/p 900.
--
half out at 830.25 now.

Lahore FM 13:56 GMT January 26, 2009
Trade Ideas

Lahore FM 08:43 GMT January 26, 2009
Trade Ideas: Reply
long eurusd 1.2950 now filled.stops 1.2820.looking for 1.3600.
--
half out at 1.3055 for +105.
--------

JP i am looking for 1.2600 again on usdcad

Bilad KaL 13:54 GMT January 26, 2009
EURUSD and AUDUSD
Reply   
I am Shorting them till end of week

from 1.3060 to 1.3130
Target < 1.26

AUDUSD from .6614 to .6640
Target < .65

Jerusalem ML 13:52 GMT January 26, 2009
1.40 today
Reply   
GBP
Entry: Target: Stop:

Pound looks likely to 1.40 again and 1.43 later this week.
Beware.

EURUSD tgt 1.33
GT

jkt-aye 13:33 GMT January 26, 2009
GBPUSD

yes you're right Purk...cheers.

btw could it be 1.3860 again before 1.3745 ?
or straight to 1.3745 before bouncing back toward 1.3860 ?
lets market decide it :)

Amsterdam Purk 13:26 GMT January 26, 2009
GBPUSD

Better ask market, it knows stuff you know...

jkt-aye 13:23 GMT January 26, 2009
GBPUSD

Purk...i just asking the forum, maybe any members can offer their insight on that. thx for your attention.

btw it arrived on 1st station, the 2nd next ?

Toronto tn 13:04 GMT January 26, 2009
Adjusted Monetary Base
Reply   

Hate to stoke the flames of doomer-gloomerism, but this graph from St. Louis Fed is pretty scary...

is this saying what it appears to be saying?

Amsterdam Purk 12:55 GMT January 26, 2009
GBPUSD

Who are you asking?

GVI Forex john 12:43 GMT January 26, 2009
GVI Forex Analysis
Reply   

Click for Complete Chart Points

23-Jan-09

EURUSD

USDJPY

USDCHF

GBPUSD

USDCAD

Close

1.2978

88.87

1.1570

1.3770

1.2352

High

1.3028

89.63

1.1715

1.3882

1.2651

Low

1.2765

87.98

1.1512

1.3505

1.2415

Simple mva

EUR/USD

USD/JPY

USD/CHF

GBP/USD

USD/CAD

5 day

1.3004

89.48

1.1370

1.3825

1.2522

10 day

1.3113

89.48

1.1246

1.4204

1.2450

20 day

1.3444

90.56

1.0979

1.4404

1.2236

50 day

1.3310

91.87

1.1342

1.4659

1.2325

100 day

1.3432

96.90

1.1309

1.5775

1.1856

200 day

1.4438

101.72

1.0863

1.7586

1.1040

jkt-aye 12:40 GMT January 26, 2009
GBPUSD

cable heading for 1.3825 - 1.3745 ?

Amsterdam Purk 12:26 GMT January 26, 2009
euro/usd
Reply   
Good day. Have 3 numbers for up: 1,3014 1,3032, and 1,3055. If we pass that we are going for more. Downside just 12871 for rangy 12791...

London HC 12:14 GMT January 26, 2009
Uncertainty
Reply   
FWIW Quiet here reflects current uncertainty in the market.

Northern Beaches ARD 10:31 GMT January 26, 2009
Explain plse
Reply   
Bilad KaL 10:22 GMT January 26, 2009
GBPUSD: Reply
Cable seems to want to sell around 1.3770 area to 1.3520
IMO

PLS EXPLAIN where do you base this on. THNX

Bilad KaL 10:22 GMT January 26, 2009
GBPUSD
Reply   
Cable seems to want to sell around 1.3770 area to 1.3520
IMO

Bilad KaL 09:51 GMT January 26, 2009
EURUSD
Reply   
EURJPY Longer term IMO Getting ready for a buy
Maybe this is the last dip
from 112 area to 130 in Next 7-10 weeks

Syd 09:31 GMT January 26, 2009
.
Reply   
BOA currency analyst: British Pound to weaken toward 0.9630 level- GBP to lose yield as interest rates fall
Merrill Lynch currency analyst: Sees USD and JPY gaining this week on interest rate spreads
- Notes that policy and leading indicators are risks to scenario
- Recommends EUR/USD puts with 1.25 and 1.20 strike prices
- Reiterates GBP/USD target of 1.28
SPANISH DEC PRODUCER PRICES M/M: -2.2% V -1.3%E; Y/Y: -0.2% V 0.8%E- No revisions
Shipping firms seek new economies of scale to survive historic declines in global trade levels - WSJ
- Article notes that global trade has declined at rates not seen since WWII, experts see trend continuing through 2010

Bilad KaL 09:24 GMT January 26, 2009
AUDUSD
Reply   
AUDUSD Wants .6420 IMO From .6570 area

Gen dk 09:06 GMT January 26, 2009 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Bilad KaL 09:06 GMT January 26, 2009
AUDJPY
Reply   
AUDJPY shorts at 58.78 Target
56.2

Bilad KaL 09:00 GMT January 26, 2009
GBPJPY shorts
Reply   
From here to 118
I do not think will touch 123 today

ldn jp 09:00 GMT January 26, 2009
usd/cad
Reply   
Lahore FM 08:40 GMT January 26, 2009
Trade Ideas: Reply
usdcad 1.2280 long order filled,stops at 1.2150 in place.

Hoping this comes good FM and not as per Jerusalem target at 1.20 area. Got myself stuck in a long from higher levels as Fri move took me by surprise....What level are you aiming at as a target for your long? tia

Amman wfakhoury 08:46 GMT January 26, 2009
eur.jpy
Reply   
Amman wfakhoury 07:23 GMT January 26, 2009
eur.jpy: Reply
start falling to 11250

-------------
115.60 will confirm the strong uptrend.

Lahore FM 08:43 GMT January 26, 2009
Trade Ideas

long eurusd 1.2950 now filled.stops 1.2820.looking for 1.3600.

Jerusalem ML 08:43 GMT January 26, 2009
CAD
Reply   
EUR
Entry: Target: Stop:

Hi all , and Lahore

How are you? how was your w/end?
Im in favor of a lower dollar this week , euro can trend to 1.31

On the usd/cad i think danger lurks , and my tgt seems to call for 1.20 sometime next month.

GT

Lahore FM 08:40 GMT January 26, 2009
Trade Ideas

usdcad 1.2280 long order filled,stops at 1.2150 in place.

ldn jp 08:36 GMT January 26, 2009
usd/cad
Reply   
Bilad KaL 05:17 GMT January 26, 2009
USDCAD: Reply
any longies here?

Yes Bilad I am but sinking at the moment with it.....

madrid 07:56 GMT January 26, 2009
hello and gm cyber traders
Reply   

Are you ready ?

Jan. 23 (Bloomberg) -- Tony Tan, a Singapore-based astrologer, is urging investors heading into the ‘Year of the Ox’ to emulate the beast that lends its name to the lunar new year -- be patient and deliberate.

And we have plenty of "torro" in Spain ! Ole ! Ole !

Trading should be boring, like factory work. If there is one guarantee in trading, it is that "thrill seekers" get their accounts ground into parking meter money.

Have a great day ! And may the force be with you.

8-)

Amman wfakhoury 07:23 GMT January 26, 2009
eur.jpy
Reply   
start falling to 11250

Amman wfakhoury 05:20 GMT January 26, 2009
gbp.usd call result
Reply   
Amman wfakhoury 19:30 GMT January 23, 2009
gbp.usd: Reply
cairo Mike 19:22 GMT January 23, 2009
=====
next step it will decline till 13680 or below then will see
where is heading.

=======
after it declined below 13680 , we are still awaiting to know
its next heading , which will be mostly to down.

Bilad KaL 05:17 GMT January 26, 2009
USDCAD
Reply   
any longies here?

Syd 04:44 GMT January 26, 2009
uk
Reply   
More large companies are mulling moving their tax bases out of the UK - FT- The report cites data from KPMG.

Syd 04:42 GMT January 26, 2009
Realising that there is a crisis is a good start; now it's time for ideas.
Reply   
Australia was sleepwalking towards recession, in denial that the global recession would affect us.
That's why we've been working on this 'Make Australia Work' series. We thought of calling it “Wake Up Australia!”, but actually most people can see what's going on: it's just the politicians who have been asleep, or perhaps pretending to be.

LINK

Syd 03:34 GMT January 26, 2009
NZD
Reply   
NZD/USD consolidating with downside break more likely, says Westpac Bank senior markets strategist Imre Speizer. Says market on tenterhooks ahead of RBNZ rate review Thursday, growing minority tipping a 150bp easing, which would likely initially see NZD rise on euphoria of big monetary stimulus, though sharp narrowing of NZ's interest rate differential could then effect pair sell off. Speizer says dairy giant Fonterra announcement due Wednesday regarding farmer payout cut has potential to increase downward pressure on NZD. Until then, expects 0.5170-0.5350 range to hold. Pair last 0.5293.

Syd 03:31 GMT January 26, 2009
EUROPE
Reply   
According to Moodys, the rising pension deficits of major companies in Europe could lead to ratings downgrades
- The Moodys report examined the pension plans of 20 companies such as BT Group, British Airways, Rio Tinto, Tesco and Sainsbury.

Royal Bank of Scotland Following a complaint from a Scottish politician, UK police are probing the bank's £12B rights issue - Guardian
- The inquiry concerns whether the bank fraudulently sought investors, while knowing that it was insolvent.
- The rights issue was conducted in April 2008.

Syd 01:07 GMT January 26, 2009
UK house prices fall 1 pct in January - Hometrack
Reply   
LONDON, Jan 26 (Reuters) - British house prices fell by 1.0 percent in January and are 9.4 percent lower than a year earlier, property analysts Hometrack said on Monday in their monthly survey of estate agents.

BERLIN, Jan 25 (Reuters) - Germany's new net borrowing will rise to a record 50 billion euros in 2009 due to the economic crisis, a parliamentary leader in Chancellor Angela Merkel's Christian Democrats said on Sunday.
WSJ Currency Trading section expects continued strength in JPY and USD as risk-averse flows remain amid further reluctance in bank lending

Officials at the UK's Treasury down played a report that Chancellor Darling was prepared to unveil a further emergency package of tax and spending measures in this spring's budget
- The UK's Guardian reported that Darling said that further stimulus may be needed and was willing to borrow more money to help industries that are strategically important.


 




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Currency Trading Tools

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Forex Forum

The Global-View Forex Forum is the hub for currency trading on the web. Founded in 1996, it was the original forex forum and is still the place where forex traders around the globe come 24/7 looking for currency trading ideas, breaking forex news, fx trading rumors, fx flows and more. This is where you can find a full suite of forex trading tools, including a complete fx database, forex chart points, live currency rates, and live fx charts. In addition, there is a forex brokers directory where you can compare forex brokers. There is also a forex brokers hotline where you can ask for help choosing a forex broker that meets your individual fx trading needs. Interact on the same venue to discuss forex trading.

Forex News

The forex forum is where traders come to discuss the forex market. It is one of the few places where forex traders of all levels of experience, from novice to professionals, interact on the same venue to discuss forex trading. There is also the GVI Forex, which is a private subscription service where professional and experienced currency traders meet in a private forex forum. it is like a virtual forex trading room. This is open to forex traders of all levels of experience to view but only experienced currency tradingprofessionals can post.

Currency Trading

Currency trading charts are updated daily using the forex trading ranges posted in the Global-View forex database. You will also find technical indicators on the fx trading charts, e.g. moving averages for currencies such as the EURUSD. This is another forex trading tool provided by Global-View.com.

Forex Brokers

The forex database can be used to access high, low, close daily forex ranges for key currency pairs, such as the EURUSD, USDJPY, USDCHF, GBPUSD, USDCAD, AUD, NZD and major crosses, including EURJPY, EURGBP, EURCHF, GBPJPY, GBPCHF and CHFJPY. Data for these currency trading pairs dating back to January 1, 1999 can be downloaded to an Excel spreadsheet.

Forex Trading

Forex chart points are in a currency trading table that includes; latest fx tradinghigh-low-close range, Bollinger Bands, Fibonacci retracement levels, daily forex pivot points support and resistance levels, average daily forex range, MACD for the different currency trading pairs. You can look on the forex forum for updates when one of the fx trading tools is updated.

FX Trading

Global-View also offers a full fx trading chart gallery that includes fx pairs, such as the EURUSD, commodities, stocks and bonds. In a fx trading world where markets are integrated, the chart gallery is a valuable trading tool. Look for updates on the Forex Forum when the chart gallery is updated.

Forex Blog

Global-View.com also offers a forex blog, where articles of interest for currency trading are posted throughout the day. The forex blog articles come from outside sources, including forex brokers research as well as from the professionals at Global-View.com. This forex blog includes the Daily Forex View, Market Chatter and technical forex blog updates. In additional to its real time forex forum, there are also Member Forums available for more in depth forex trading discussions.

 

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