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Forex Forum Archive for 01/29/2009

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Click here to join the Live Forex Forum.


Syd 23:55 GMT January 29, 2009
EUR May Test Lows Of 2008 - ABN
Reply   
EUR's recent push higher failed to break out of downtrend, suggests test of lows last year likely, says ABN Amro strategist Greg Gibbs. Pegs initial support at 1.277, then 2008 lows around 1.2500, pair last at 1.2929. Says GBP still has considerable work to do to shake off bear trend. But says EUR/GBP "is showing signs of turning the corner," likely to test 0.8840; last at 0.9062.

GVI Forex john 23:42 GMT January 29, 2009
GVI Forex Analysis

Just out...
JA CPI


JA PMI


Syd 23:27 GMT January 29, 2009
Analysis and Discussion with Meg Browne of Brown Brothers Harriman
Reply   
http://www.clipsyndicate.com/video/playlist/1778/816987?title=Bloomberg

Lahore FM 23:00 GMT January 29, 2009
Trade Ideas

01/29/2009 02:28:18 FM Lahore 23
entered long audusd 0.6626 in addition to 1/2 long from earlier.stops 0.6520.
--
stopped out minus 106.

Lahore FM 22:55 GMT January 29, 2009
Trade Ideas

thanx London Mamun,checked and replied!

bacau matt 22:47 GMT January 29, 2009
fx


can someone tell me what time to start trading on the DAX CFD? thanks

Syd 22:37 GMT January 29, 2009
fx
Reply   
NEW ZEALAND DEC BUILDING PERMITS M/M: -6.0% V 4.3% PRIOR

USD will test C$1.3000 as the Canadian economy continues to follow the US economy lower, say Brown Brothers Harriman. USD has tested C$1.3000 three times since late Oct but has failed to break through, and has not reached above C$1.2762 in '09. BBH also says the general USD uptrend remains intact, with current countertrend moves providing new opportunities to buy dollars.

Russia's ruble slid to a record low against the dollar and the euro Thursday before the central bank stepped in to halt its decline. This comes one week after the central bank established a new trading band. "Russia has basically four options: float the ruble, shift the band again (perhaps widening it), burn more reserves in an attempt to defend the current band, or announce capital controls," said Win Thin of BBH.
Capital outflows from the ruble are "due in large part to mistrust (both domestic and foreign) of Russian institutions (both public and private)," noted Thin, adding that officials have moaned recent moves were "not rational." His response: "Hey, welcome to the FX market."

Syd 22:16 GMT January 29, 2009
Europe
Reply   
Alistair Darling has pulled out of the World Economic Forum, within hours of being warned that the UK faces a worse recession than any other major country in the world
http://www.telegraph.co.uk/finance/4387110/Alistair-
Darling-pulls-out-of-World-Economic-Forum-in-Davos.html

BOE's Blanchflower: MPC considered options for if rates approach zero, GDP to shrink until 2H09 Notes that monetary policy should be loosened quickly; BOE has a wide range of tools.
- says UK may suffer from worse recession than the 1980's.
- Forecasting the UK job market weakening for the forseeable future"


Euro Falls on Speculation it Won't Survive Crisis
http://www.economicnews.ca/cepnews/wire/article
/222072

EUR/USD is looking quite heavy against darkening outlook for global economy, meaning any bounce will likely be limited to 1.3100, with a return to 1.2750 on the cards in coming week, says Bank of NZ FX strategist Danica Hampton. Says in Asia trade GBP, EUR and AUD will be among soggiest currencies, largely on the "dire state" of the world economy, and little evidence so far stimulus packages are having any impact.

GVI Forex john 20:21 GMT January 29, 2009
GVI Forex Analysis

Click for Complete Chart Points

29-Jan-09

EURUSD

USDJPY

USDCHF

GBPUSD

USDCAD

Close

1.2979

89.86

1.1508

1.4332

1.2218

High

1.3180

90.65

1.1580

1.4411

1.2224

Low

1.2935

89.48

1.1407

1.4127

1.2134

Simple mva

EUR/USD

USD/JPY

USD/CHF

GBP/USD

USD/CAD

5 day

1.3091

89.38

1.1383

1.3848

1.2245

10 day

1.3075

89.60

1.1336

1.3951

1.2398

20 day

1.3269

90.34

1.1145

1.4300

1.2243

50 day

1.3354

91.36

1.1291

1.4590

1.2302

100 day

1.3392

96.19

1.1316

1.5632

1.1916

200 day

1.4382

101.45

1.0889

1.7469

1.1082

Syd 20:18 GMT January 29, 2009
NZ Rating Downgrade Risks Put NZD On Notice -BNZ
Reply   
Deeper pullback for NZD/USD toward 0.5000 likely over coming sessions, says Bank of NZ FX strategist Danica Hampton; adds apart from deteriorating global, NZ backdrop and yesterday's RBNZ 150 bp cut, NZ's worsening budget and external deficit also risk factors for Kiwi; says this will put rating agencies on alert; "The worsening trade deficit means NZ's already large current account deficit will likely get within spitting distance of 10% as a proportion of GDP, which combined with NZ's deteriorating fiscal position, will keep the rating agencies nervous."

President Barack Obama's reaction to a report on bonuses for chief executives could be summed up in one word: "Outrageous," White House spokesman Robert Gibbs said Thursday.

Syd 20:04 GMT January 29, 2009
Euro
Reply   
The euro hit session lows versus the yen and dollar Thursday as U.S. stocks slipped and after comments by U.S. investor and billionaire George Soros that the euro may not survive the global financial crisis if leaders don't come to an agreement on lost capital that all countries can take part.

PAR 20:03 GMT January 29, 2009
Banks Know more - Strage coincidence
Reply   
JPMorgan Exited Madoff-Linked Funds Last Fall .

As early as 2006, the bank had started offering investors a way to leverage their bets on the future performance of two hedge funds that invested with Mr. Madoff. To protect itself from the resulting risk, the bank put $250 million of its own money into those funds.

But the bank suddenly began pulling its millions out of those funds in early autumn, months before Mr. Madoff was arrested, according to accounts from Europe and New York that were subsequently confirmed by the bank. The bank did not notify investors of its move, and several of them are furious that it protected itself but left them holding notes that the bank itself now says are probably worthless.

http://www.nytimes.com/2009/01/29/business/29madoff.html?ref=business

London Mamun 19:56 GMT January 29, 2009
Trade Ideas

FM
please check your email

PAR 19:55 GMT January 29, 2009
Banks
Reply   
Mtl / Then why not let Madoff run the bank rescue package, at least he stole from the rich and famous not from Joe Sixpackl .Red wine is excellent " drinkwater " . Lol.

Lahore FM 19:04 GMT January 29, 2009
Trade Ideas

gbp has done well on crosses.multihourly techs support a move to 1.4800/1.5000.

Lahore FM 19:02 GMT January 29, 2009
Trade Ideas

sp 500 march now 845.50 is likely nearer 900 by midweek next week than anywhere else.

Lahore FM 19:01 GMT January 29, 2009
Trade Ideas

Lahore FM 14:00 GMT January 29, 2009
Trade Ideas: Reply
Buy xau
Entry: 884.10 Target: 1000 Stop: 850

entred 2nd long gold looking for 1000 over a month.
--
half out at 904.10 for 20 dolls,stops remain as before for rest 1/2.

Gen dk 18:54 GMT January 29, 2009 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Lantana PB 18:45 GMT January 29, 2009
Yen May Fall, Euro Rise as Risky Trades Revive
Reply   
Sell
Entry: Yen Target: 87.50 Stop: 89.75

The Japanese yen may weaken against the U.S. dollar and eight more of the world’s most-traded currencies as riskier foreign-exchange trades revive, Citigroup Inc. analysts said, citing technical charts.

The U.S. dollar looks to be forming a so-called double bottom, meaning any advance above 94.65 yen probably would be followed by a surge to as high as 102 yen, analysts led by New York-based Tom Fitzpatrick, Citigroup’s chief technical analyst, said in a report dated yesterday. The dollar rose 0.2 percent to 90.43 yen as of 10:10 a.m. in Tokyo. More on the Yen >>> http://www.currencynewswire.com/yen-2

Mtl JP 18:36 GMT January 29, 2009
Banks

geez PAR what is your drinking water today ? nobody cares about the "taxpayer" and what he may or not want. he is just a fictional character for propaganda machine, without any specific street addy or phone number. The "taxpayer" schmuck is an ignorant fool who stupidly signs on in some poll and agrees that govt is there to protect his interst , never realizing that it means he ll be working till 85... also known as bobblehead.

better (ie. more profitable) to take the side of those who scheme the bobbleheads, morality calls of "Enjoy your riches and remember to generously support causes of humanity-too many children are still starving on this planet" notwithstanding

California Luckie 18:32 GMT January 29, 2009
Isn't Scalping the answer the market like this!

Sell EURJPY
Entry: Target: Stop:

I meant SELL 117.27 till 116.99

Gen dk 18:24 GMT January 29, 2009 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

California Luckie 18:19 GMT January 29, 2009
Isn't Scalping the answer the market like this!
Reply   
Sell EURJPY
Entry: 117.27 Target: 117.99 Stop: Never

30 to 50pip everyday is not bad for economy like this.

PAR 18:16 GMT January 29, 2009
Banks
Reply   
As most of the capital of the banks worlwide is already owned by the governments (i.e the taxpayers) , it is better to nationalise them completely now to avoid conflicts of interest between the bankers,who want to pay dividends and the taxpayers who want their money back, so that they can be reprivatised in the future.

Mtl JP 18:06 GMT January 29, 2009
Banks

PAR 17:54 I am surprised at your lack of imagination PAR.

Some of the biggest, baddest profits were / are made by bringing solutions to the masses ... by way of the ultimate capitalist system, namely Communism and its socialized pathways of spreading risk and privatizing profits.

PAR 17:54 GMT January 29, 2009
Banks
Reply   
As Us investment banks already lost most of their capital as private companies it is hard to imagine how government could do worse than those bankers behaving badly.

Clogland Purk 17:52 GMT January 29, 2009
fx beach
Reply   
is back. Maybe the next Soros without the Sor os.

Mtl JP 17:49 GMT January 29, 2009
Soros

having govt'S ear has its advantages, something also not lost on Buffet or Gross

SPIEGEL: Your proposal would be dismissed on Wall Street as "big government." Republicans might call it European-style "socialism."

Soros: That is exactly what we need now. I am against market fundamentalism. I think this propaganda that government involvement is always bad has been very successful -- but also very harmful to our society.

Clogland Purk 17:29 GMT January 29, 2009
Soros

Interesting. Did he lose much of his money recently in the crisis? Glad that i do not know all these guys, they are all telling some kind of story...

San Diego bobl 17:19 GMT January 29, 2009
Soros
Reply   
Soros is one of the world's largest FX fund managers and private investor who made billions taking down the BP. His is brilliant, very difficult read, and an eccentric personality. One thing for sure... he is no dummy!

gl/gt

Gen dk 17:11 GMT January 29, 2009 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Clogland Purk 17:11 GMT January 29, 2009
DAVOS

Who the F. is SOROS? I only read your capitals, they are so big that i can not read anything else.

Lahore FM 17:06 GMT January 29, 2009
Trade Ideas

01/28/2009 19:32:52 FM Lahore 26
third long 1.3119,stops 1.3000.total 2 and half longs.
--
stopped for mius 119.
--
re enetred 1.2968,stops later.

Lahore FM 17:05 GMT January 29, 2009
Trade Ideas

Lahore FM 15:02 GMT January 29, 2009
Trade Ideas: Reply
small long eurusd 1.3086.stops 1.3010.
--
stopped clean for minus 76.
--

entered long eurjpy 116.38

GENEVA DS 17:04 GMT January 29, 2009
DAVOS
Reply   
SOROS SEES EURO not surviving current financial crisis....

GENEVA DS 17:03 GMT January 29, 2009
USD Policy
Reply   
Think the new government is about to change ALL radically.. it will hurt some stuff in the short run... the strong USD policy will be changed , as chinese and japanese are manipulating their currency... let s see... BLACK SWAN !!! watch out....

Hillegom Purk 16:56 GMT January 29, 2009
eur/usd
Reply   
Normal range 200, so one can expect 12980ish. Go go range is 300....

NYC ET 16:55 GMT January 29, 2009
Strong USD-Policy

DS. Can you elaborate on what you mean by change in USD policy and what do you base this on.

GENEVA DS 16:46 GMT January 29, 2009
Strong USD-Policy
Reply   
USD
Entry: Sell Target: USDJPY Stop: USDJPY

Feel that in Davos , not only Mr. Roth from SNB is speaking bullish on CHF... but whole crew from US seems to be ready to take action in changing Strong USD-Policy... most probably the most hurt will be Japanese... USDJPY to collapse on such change.

cairo Mike 15:59 GMT January 29, 2009
gbp.usd

Aman sell what ? GBPUSD or EuroUSD?

San Diego bobl 15:59 GMT January 29, 2009
FX market
Reply   
High risk market currently; cash and futures somewhat in line albeit split between longs/shorts. There appears to be a flight to safety in treasuries and gold, and unusually the dollar getting some bids. This creates a market mix up, so I for one consider this a risky environment and am quieter on FX than ususal.

gl/gt

LA LA 15:38 GMT January 29, 2009
chf

tku, helpful

GVI Forex Jay 15:22 GMT January 29, 2009
chf

As posted by one of the GVI Forex members:

*SNB PRESIDENT SEES NO NEED TO ACT ON FRANC, WATCHING CAREFULLY

We are seeing longer term names selling EURCHF after the headlines

Hong Kong Qindex 15:20 GMT January 29, 2009
QIndex Trading System

Sell GBP/USD
Entry: Target: Stop:

GBP/USD : Short sellers have upper hand when the market is trading below 1.4248 and speculative selling pressure will increase when the market is trading below 1.4120.


Remarks : The market has a tendency to trade within 1.36507 - 1.4308. Significant levels are positioning at ... 1.3438 // 1.3656 - 1.3767 - 1.4120 - 1.4248 - 1.4263 - // 1.4435 ....

LA LA 15:10 GMT January 29, 2009
chf
Reply   
Any news in chf?

GVI Forex john 15:09 GMT January 29, 2009
GVI Forex Analysis



New Homes Sales/Permits/Starts

Hong Kong Qindex 15:03 GMT January 29, 2009
QIndex Trading System

GBP/USD
Entry: Target: Stop:

GBP/USD : Once the market can anchored itself above 1.45, it has potential to tackle the upper trading range at 1.4824 - 1.4867 on Friday.

Amman wfakhoury 15:03 GMT January 29, 2009
gbp.usd
Reply   
sell it I will give the entry later tp later s/l later

Gen dk 15:02 GMT January 29, 2009 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Lahore FM 15:02 GMT January 29, 2009
Trade Ideas

small long eurusd 1.3086.stops 1.3010.

Lahore FM 14:58 GMT January 29, 2009
Trade Ideas

long eurjpy 117.61.stops later.

Hong Kong Qindex 14:49 GMT January 29, 2009
QIndex Trading System

GBP/USD
Entry: Target: Stop:

GBP/USD : Basically the odds are quite even to take a long or short position when the market is trading within the barrier at 1.4263 // 1.4435

Lahore FM 14:43 GMT January 29, 2009
Trade Ideas

long gbpusd 1.4247,stops 1.4120.

Hong Kong Qindex 14:38 GMT January 29, 2009
QIndex Trading System

GBP/USD
Entry: Target: Stop:

GBP/USD : Significant levels are positioning at ... 1.3438 // 1.3656 - 1.3767 - 1.4120 - 1.4248 - 1.4263 - // 1.4435 - 1.4538 - 1.4584 - 1.4770 - 1.5049 - 1.5104 ...


The market is now testing the barrier at 1.4263 // 1.4435.

Hong Kong Qindex 14:32 GMT January 29, 2009
QIndex Trading System

Buy GBP/USD
Entry: Target: Stop:

GBP/USD : The short term market momentum is very strong when it is trading above the weekly cycle normal upper limits which are located at 1.3840 - 1.4013 - 1.4273. As shown in the monthly cycle projected series the market is pulling towards the center at 1.4435. The upside targeting points are 1.4639 - 1.4693. The monthly cycle Directional Indicator suggests that the bias is on the upside when the market is above 1.4248.

Directional Indicator : [1.0019] - [1.3254] - [1.3438] - 1.3767 - 1.4120 - 1.4248* - 1.4263* - 1.4435 - 1.4770*

Jerusalem ML 14:28 GMT January 29, 2009
Dollar to get stronger
Reply   
USDCAD
Entry: Target: Stop:

Look for eurusd to reach sub 1.30 soon and
pound below 1.40 next week
GOLD 850
usd/cad 1.23

just my humble opinion!
Gt

Houston ET 14:24 GMT January 29, 2009
Sell pound above 1.43

I'll sell again at 1.4405 and more at 1.4465 if we see these levels today

Houston ET 14:20 GMT January 29, 2009
Sell pound above 1.43

GBPUSD: Was in at 1.4395 - Just out at 1.4330

Lahore FM 14:12 GMT January 29, 2009
Trade Ideas

01/27/2009 08:31:13 FM Lahore 51
01/26/2009 14:53:50 FM Lahore 7
2nd long gbpchf entered now at 1.5928.
--
half out now at 1.6126 for +198,stops at 1.5750 for rest 1/2.
--
out of rest at 1.5420 for +492 in all.

Houston ET 14:03 GMT January 29, 2009
Sell pound above 1.43

GBPUSD: I plan on selling at 1.4395 and more at 1.4450

madrid 14:01 GMT January 29, 2009
So, you wanna be a trader ?
Reply   

Do you have what it takes ?

Million Dollar Traders (BBC2)

http://www.youtube.com/watch?v=gVcMCrwc9UE

8-)

Lahore FM 14:00 GMT January 29, 2009
Trade Ideas

Buy xau
Entry: 884.10 Target: 1000 Stop: 850

entred 2nd long gold looking for 1000 over a month.

ldn jp 13:49 GMT January 29, 2009
usd/cad
Reply   
Lahore FM 13:16 GMT January 29, 2009

Thanks FM

GVI Forex john 13:40 GMT January 29, 2009
GVI Forex Analysis

Weekly jobs U.S. Refresh to update chart...


Click on chart for five-year history

Jerusalem ML 13:38 GMT January 29, 2009
Sell pound above 1.43
Reply   
GBPUSD
Entry: Target: 1.40 Stop:

Tgt sub 1.40 by next week as riska aversion resumes...
Euro will fall below 1.29 again next week too

Gold to 850 x

PAR 13:30 GMT January 29, 2009
Where Bernanke gets or should get his inspiration ?
Reply   
Wassily Leontief, 1906-1999


Leontief's contributions to economics were not limited to input-output. His 1936 article on "composite commodities" made him, together with Hicks, the father of that famous microeconomic theorem. His early reviews of Keynes's General Theory (1936, 1937, 1947, 1948) were important stepping stones to the Neo-Keynesian synthesis's stress on fixed nominal wages in interpreting Keynes's theory. His 1933 article on the analysis of international trade is still learnt today and his 1946 contribution on the wage contract outlined what is now a classical application of the principal-agent model before that term was invented. One of his more stirring contributions has been his 1953 finding that Americans were exporting labor-intensive rather than capital- intensive goods - the "Leontief Paradox" - which brought into question the validity of the conventional factor-proportions theory of international trade.

After having presided, together with Schumpeter, as a teacher over the Harvard generation of the 1930s which was to develop much of post-war economics, Leontief moved to the C.V. Starr Center at New York University. As a critic, Leontief's repeated admonishment of economics for its misuse of mathematics and quantitative methods and the lack of relevance and realism in its theorizing (e.g. 1938, 1954, 1959, 1971) are both lucid, sharp and still pertinent. It was for his development of input-output that Wassily Leontief won the Nobel memorial prize in 1973.





PAR 13:20 GMT January 29, 2009
Davos - Taxpayers money
Reply   
With all those world central bankers and world politicians skiing, wining and dining in Davos on taxpayers money it is evident they will not solve this crisis.


http://www.ipsnews.net/news.asp?idnews=45596

Some emotional more adapt politicians even understood it could pay off to work instead of to play. Question is did they get a refund or is the taxpayers money blown away anyhow?


A beleaguered Gov. Paterson pulled out of his Switzerland trip Monday as a new poll showed his once-huge lead over Attorney General Andrew Cuomo has virtually disappeared.

Paterson was planning to leave Thursday to attend and speak at the World Economic Forum in Davos, but said he decided to stay to concentrate on the state budget.

"Because of the deficit reduction and the desire to get it moving as soon as possible ... perhaps it would be a better idea to go at another time ... and stay right here with the leaders of the Legislature and work on the budget," Paterson told reporters in Hyde Park, Dutchess County.



Lahore FM 13:16 GMT January 29, 2009
E/$

thanx for the reply Gecko!

JP london, 1.2600 move is more likely but guess it would after further ranging.

GVI Forex john 13:03 GMT January 29, 2009
GVI Forex Analysis

GVI Forex john 13:01 GMT January 29, 2009
GVI Forex Analysis
Reply   

Click for Complete Chart Points

28-Jan-09

EURUSD

USDJPY

USDCHF

GBPUSD

USDCAD

Close

1.3139

90.30

1.1517

1.4210

1.2149

High

1.3335

90.75

1.1563

1.4375

1.2302

Low

1.3102

88.88

1.1333

1.4127

1.2026

Simple mva

EUR/USD

USD/JPY

USD/CHF

GBP/USD

USD/CAD

5 day

1.3095

89.18

1.1404

1.3760

1.2310

10 day

1.3094

89.58

1.1309

1.3986

1.2426

20 day

1.3317

90.39

1.1109

1.4322

1.2241

50 day

1.3343

91.44

1.1305

1.4602

1.2316

100 day

1.3403

96.37

1.1315

1.5666

1.1901

200 day

1.4397

101.51

1.0882

1.7497

1.1072

Gen dk 12:39 GMT January 29, 2009 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

eu kaprikorn 12:09 GMT January 29, 2009
eurgbp
Reply   
while the range in eurusd and gbpusd had its low and now tests its high --- there is also the EURGBP move down which props up the GBPUSD much faster than the EURUSD... the cross flows are to be watched..

Jerusalem ML 12:04 GMT January 29, 2009
too early but....
Reply   
GBP
Entry: Target: Stop:

But i think GBP is ont way down from double top at 1.43+

tgt by tomorr sub-1.41

GT

US SW 11:55 GMT January 29, 2009
eurgbp
Reply   
Doc Q said buy WHY

US SW 11:54 GMT January 29, 2009
gbpusd
Reply   
Doc Q said bsell GBPUSD???? WHY its upp

ldn jp 11:13 GMT January 29, 2009
usd/cad
Reply   
Lahore FM
London jp 03:33 GMT January 29, 2009

FM Do you expect usd/cad to go back to 1.26 still or back down to last year levels? tia

Gen dk 11:13 GMT January 29, 2009 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Amman wfakhoury 10:56 GMT January 29, 2009
trade idea example.
Reply   
Amman wfakhoury 06:03 GMT January 29, 2009
how to guess trade ideas: Reply
just wait the price till decline big , then guess it will rise again
with big stop loss level ,and vice versa when it is rise.

-----
example for some trade idea as done by some pro.
gbp.usd
sell 14240 tp 13900 stop 14380

Syd 10:38 GMT January 29, 2009
Europe
Reply   
Business and consumer confidence in the 16 countries that use the euro weakened further to reach a record low in January.

The continued decline in sentiment suggests economic growth will slow dramatically in coming months, and gives the European Central Bank fresh cause to consider another cut in its key interest rate.

According to a monthly survey by the European Commission, the overall Economic Sentiment Indicator for the euro zone fell to 68.9 in January, from 70.4 in December

van Gecko 10:38 GMT January 29, 2009
E/$

Lahore FM 08:55//
nice swing trades FM..
bad fengshui to be short of dollar starting the Chinese new year playing this game of Mind, Money & Wealth..fwiwW

St. Pete islander 09:08//
islander, Happy New Year to you too.. looks like that eccentric old fella could tease with a wide range 1.37/1.47 traverse for a while.. that said, sustained monthly below 1.41 its "January Drop/February Flop" tendencies could kick in to the delight of the Queen's dollar long marching soldiers..

jkt-aye 09:10// HK [email protected] 09:54// Syd 10:15//
Happy New Year!

Syd 10:15 GMT January 29, 2009
fx
Reply   
van Gecko 08:43 GMT welcome back you have been missed :-))

HK [email protected] 10:14 GMT January 29, 2009
USD/YEN
Reply   
K.I.S

The BOJ will dearly like to blow off the head and shoulder formation seen clearly on the hourly.

I think it is the mkt game of the week.

It all remains to see if so will it be.

Syd 10:05 GMT January 29, 2009
Europe
Reply   
ECB's Trichet: Does not exclude cutting rates below 2.00%
- ECB does not exclude non-standard MPC actions, and reiterated that ECB is already doing non standard moves
- is taking risks it has not done in the past
- ECB balance sheet has grown considerably

Business and consumer confidence in the 16 countries that use the euro weakened further to reach a record low in January.

The continued decline in sentiment suggests economic growth will slow dramatically in coming months, and gives the European Central Bank fresh cause to consider another cut in its key interest rate.

Gen dk 10:02 GMT January 29, 2009 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

US SW 10:00 GMT January 29, 2009
Email ?

Whats SLEEP???

HK [email protected] 09:54 GMT January 29, 2009
LUCKY NEW YEAR
Reply   
van Gecko 08:43 GMT January 29, 2009
E/$: Reply

Thank you for enlightening fundamental I didn't know about.
It is a kind of inside information hehe.

At least from the past it was a tradition among Chinese to keep some gold at the Chinese new year as a symbol of wealth and luck for the new year.




Jerusalem ML 09:48 GMT January 29, 2009
Email ?
Reply   
GBP
Entry: Target: Stop:

wanna email me so we can keep yourself from falling asleep..?:)
where u work ?
can u trade there?

GT

Pound looks like 1.4 on the way and 1.39

Lahore FM 09:42 GMT January 29, 2009
Trade Ideas

long nzdusd 0.5147,stops at a later time,carrying small long from 0.5200 with 0.5090 stop from yesterday.

Lahore FM 09:40 GMT January 29, 2009
Trade Ideas

2nd long march snp added now at 857.00 in addition to 1/2 from 810 area,stops for new 2nd long at 835.

Lahore FM 09:36 GMT January 29, 2009
Trade Ideas

TC,it is just my trade,no comulsion to tag along,specially when nzdujpy or nzdusd have not worked it would be best that one takes it with a pinch of salt.pure discretionary!

Syd 09:36 GMT January 29, 2009
S&P Report: World Economic Slump Accents Russia Country Risk
Reply   
After weak liquidity and market deteriorations, Russia's weak institutions are the top risk to Russian corporate ratings, Standard & Poor's Ratings Services explained in a report
titled, "Global Economic Downturn Emphasizes Russia Country Risks," published today on RatingsDirect.

BRISBANE TC 09:24 GMT January 29, 2009
Trade Ideas

Hi FM, not sure how to take this position. Expecting a strong reduction in the AUD rates just as in NZ next week? Why long?

US SW 09:20 GMT January 29, 2009
US - Pound

I'm from Ohio...and No Sleep..Its one of those 36 hours shifts..If Im Hott I try to keep the Mojo going, if you no what I mean...PS Thank you for you Opinion on the Pount..GL

Jerusalem ML 09:15 GMT January 29, 2009
US - Pound
Reply   
GBP
Entry: Target: Stop:

Hi US

from where are you in the US ?? no sleep ?? :)
My gut feeling tells me sub 1.4 later today or tomorr on more risk aversion and bad economic # , 1.35 still possible next month

jkt-aye 09:10 GMT January 29, 2009
E/$

Van Gecko with his magic # remind me about the sleeping detective mouri kogorou :).

nice to see you around mate. cheers

St. Pete islander 09:08 GMT January 29, 2009
E/$

Gecko, it's good to see you haven't retired! Hope you are well and a Happy New Year to you. What is your take on Queenie? Come see us more often, please. gt

US SW 09:04 GMT January 29, 2009
Question
Reply   
any ideas were the Pound is Headed??? any ideas welcome..thx

Lahore FM 08:59 GMT January 29, 2009
Trade Ideas

long audjpy 59.20, stops at 58.looking for 65.00/68.00.

Syd 08:59 GMT January 29, 2009
Labor Office: Economic Downswing Reached Jobs Mkt In Jan
Reply   
German Jan Seas Adj Jobless +56,000 Vs +33,000 In Dec

U.K. house prices posted their biggest annual drop on record in January prices were 16.6% lower on the year after dropping 15.9% in December, the biggest fall in annual terms since it began collecting comparable data in 1991.

Jerusalem ML 08:56 GMT January 29, 2009
Tgt Below 1.4 ?
Reply   
GBP
Entry: Target: Stop:

GBPUSD

Seems like sub-1.4 again on the cards today or tomorr

The low 1.35 should give way to 1.33 or 1.3 if markets tank again

GT

Lahore FM 08:55 GMT January 29, 2009
E/$

hi van Gecko,good to see you after a long long time!

can you kindly throw some light what's the connection in new lunar year and not being short dollar?

Lahore FM 08:43 GMT January 29, 2009
Trade Ideas

Buy audusd
Entry: 0.6572 Target: 0.7300 Stop: 0.6450

entered long audusd 0.6572,stops at 0.6450.

van Gecko 08:43 GMT January 29, 2009
E/$

//HK [email protected] 04:36 GMT January 29, 2009
E/$: Reply
Euro bandwagon-longs-carnage//

wouldn't be surprise to see a flush down to 1.2888/1.2788 as most Asian players of size would not want to be short dollar starting the lunar new year..



Lahore FM 08:41 GMT January 29, 2009
Trade Ideas

01/28/2009 16:49:22 FM Lahore 18
went long 2nd time this week at 1.3230 with 1.3060 stop.
--
stopped on this long eurusd at 1.3060 for minus 170.

Lahore FM 08:38 GMT January 29, 2009
Trade Ideas

01/28/2009 21:23:22 FM Lahore 6
small long nzdjpy at 47.38,stops 46.30.
--
stopped for minus 108 on this small.
--
01/27/2009 13:56:55 FM Lahore 39
2nd long nzdusd added 0.5297,stops 0.5190.
01/28/2009 09:02:09 FM Lahore 25
lowered stops nzdusd 0.5190 to 0.5140.the break higher is imminent though from current 0.5280 area.
--
stopped on 0.5297 long at 0.5140 for minus 157.

Syd 08:36 GMT January 29, 2009
DJ Forex Focus: The Loonie Won't Be Taking Off Just Now
Reply   
The loonie may be flapping its wings, but it's unlikely to take off.

Hopes that a larger-than-expected fiscal stimulus won't only help the Canadian economy, but will also save Prime Minister Stephen Harper's beleaguered government have been helping the currency.

But, continued weakness in commodity prices and a likely return in global risk aversion will probably ensure that the Canadian dollar resumes its decline.

Also, unlike its U.S. neighbor, there's the risk that Canada has yet to feel the full impact of the credit crunch.

"Much like Eastern Europe, the full size of the shock has not yet hit Canada irrespective of a healthy fiscal balance," said the currency strategy team at BNP Paribas.

Given this, strategists, such as those at BNP, are looking for the dollar to rise back to the CAD1.30 area it hit back in October and November last year, up from around CAD1.22 now.

US SW 07:50 GMT January 29, 2009
EURNZD
Reply   
Sell EURNZD
Entry: 259+ Target: Stop: NONE

Careful NZD just cutt rates AGAIN!

Syd 07:47 GMT January 29, 2009
EUR Falls Vs USD, JPY; German Jobs Data Worries
Reply   
EUR falls on report German January jobs data likely worse than expected prompting Europe players to come online to sell EUR/USD, EUR/JPY; "some Asian speculators are also selling on this news," says senior dealer at major Europe bank in Japan. Pairs also pushed down by speculator profit-taking, notes dealer at major Japan trust bank. Pushes EUR/USD to fresh intraday low 1.3048, EUR/JPY to 117.32. EUR/USD "may test 1.3000" in London hours on growing euro-zone concerns, adds dealer; also tips EUR/JPY downside

PAR 07:45 GMT January 29, 2009
STIGLITZ
Reply   
Garbage disposal

http://www.cnbc.com/id/15840232?video=1015557210&play=1

madrid 07:44 GMT January 29, 2009
hello and gm CYBER TRADERS
Reply   
iS IT THE END OF THE WORLD YET?

A little quiz for you this am -

Jan. 29 (Bloomberg) -- New Zealand reduced its interest rate by 1.5 percentage points to a record low
../..
Bollard has pared borrowing costs by 4.75 percentage points since July, the most aggressive reductions behind Moldova among 54 central banks monitored by Bloomberg.


What is the currency of Moldova ?

8-)

Moldovan Leu (MDL) and it is divided into 100 bani....

Refuse to damage your capital. This means sticking to your stops and sometimes staying out of the market.

Have a great day and may the force be with you all !!!

Hong Kong Qindex 07:37 GMT January 29, 2009
QIndex Trading System

Sell GBP/USD
Entry: 1.4082 - 1.4169 Target: 1.3600 Stop: 1.4200

GBP/USD
: Daily Cycle Analysis

Expected Range : 1.3438 - 1.4435

Normal Lower Limits : 0.8646 - 0.8963 - 0.9362*
Lower Mid-Point Reference : 1.0053 - 1.0225 - 1.0482*
Weekly Cycle Pivot Centers : (1.1460) - (1.1488) - (1.1601*)
Upper Mid-Point Reference : 1.2721* - 1.2750 - 1.2866
Normal Upper Limits : 1.3840* - 1.4013 - 1.4273

Daily Cycle Projected Series (1.4210) : 1.3384* - 1.3471 - 1.3559* ... 1.3646 - 1.3733* - 1.3820 - 1.3864 // 1.3908* - 1.3951 - 1.3995 - 1.4038 - 1.4082* - 1.4126 - [1.4169] - 1.4213 - 1.4257* - 1.4300 - 1.4344 - 1.4387 - 1.4431* // 1.4475 - 1.4518 - 1.4606* - 1.4693 ...

Daily Cycle Congested Area : 1.3272 - 1.3571 - 1.3870 - (1.4169 - 1.4468) - 1.4768 - 1.5067

Suggested Trade : Sell 1/3 - 1/2 in the first entry point
Entry Points : 1.4082 - 1.4169
Target(s) : 1.3265 - 1.3440
Stop(s) : 1.4200

Upside Targeting Points : 1.4639 - 1.4693

Downside Targeting Points : 1.3601 - 1.3646

Remarks : The market has a tendency to trade within 1.36507 - 1.4308. Significant levels are positioning at ... 1.3438 // 1.3656 - 1.3767 - 1.4120 - 1.4248 - 1.4263 - // 1.4435 ....

Hong Kong Qindex 07:15 GMT January 29, 2009
QIndex Trading System

Sell GBP/USD
Entry: Target: Stop:

GBP/USD : The market is now consolidating within the weekly cycle normal upper limits at 1.3840 - 1.4013 - 1.4273.

Syd 07:08 GMT January 29, 2009
UK
Reply   
U.K. house prices posted their biggest annual drop on record in January and are unlikely to stabilize until mortgage approvals recover significantly from current levels, the Nationwide Building Society said Thursday. The mortgage lender said prices were 16.6% lower on the year after dropping 15.9% in December, the biggest fall in annual terms since it began collecting comparable data in 1991.

Hong Kong Qindex 07:07 GMT January 29, 2009
QIndex Trading System

Sell GBP/USD
Entry: 1.4105 Target: 1.3767 Stop: 1.4150

GBP/USD : The bias is on the downside when the market is below 1.4120.

Syd 07:03 GMT January 29, 2009
oz
Reply   
Mtl JP 06:58 GMT reminds me of the UK the Tories build and save Labour spends like a man with no arms - If China dont recover asap Australia will be deep in the censored the Keating years all over again !!

Hong Kong Qindex 07:02 GMT January 29, 2009
QIndex Trading System

Sell GBP/USD
Entry: Target: Stop:

GBP/USD : The current expected trading range from the monthly cycle chart is 1.3767 - 1.4212.


Upper Trading Range : 1.4074 - 1.4308
Neutral Trading Range : 1.3572 - 1.4061
Lower Trading Range : 1.3507 - 1.3767

Mtl JP 06:58 GMT January 29, 2009
Aussie Budget Deficits A Done Deal - ANZ

Syd 06:38 the clueless are sticking to the G-20 agreed script.

Hopefuly the Australian government offers tax rebates while they are screwing the people.

for ref, "Canada's commitment at the G20 leaders' summit in November." adhering fin min putz graced "a single parent with two children earning $35,000 will be ahead $500 per year.

A two-income couple with two children earning $70,000 will be ahead $275 per year.

This tax relief will help low- and middle-income Canadians, and it will stimulate consumer spending."

Syd 06:38 GMT January 29, 2009
Aussie Budget Deficits A Done Deal - ANZ
Reply   
Australian government budget deficits now a "done deal," ANZ economists say, adding peak-to-trough deterioration in deficit level may be worse than in previous recessions. Says budget could deteriorate from peak surplus of around 1.7% of GDP in 2007-08 to deficit around 2.5%-3% of GDP "within a few years," implying deficits of around A$30 billion or more beyond 2009-10. Adds, employment "critical variable" in determining deficit size due to impact on personal income tax collection and transfer payments, as well as fortunes of mining sector; if profits of mining companies slump in line with global economy, will take "huge chunk" out of government revenue.

Merrill Lynch says outlook for EUR is near-term weakness; "The Euro-area government bond continues to dis-aggregate with sovereign debt spreads relative to Germany, now at post-EMU record highs in the wake of downgrades of the sovereign debt of Spain, Portugal and Greece." Says less-homogeneous EMU bond market reduces liquidity, which may affect portfolio allocation decisions of major investors, could undermine EUR's viability as reserve currency alternative to USD. Also notes EMU nations only have taxation option (and not monetization) to meet obligations, as national governments cannot instruct ECB to expand monetary base to purchase their debt. Says option of monetization and consequent inflation as part of quantitative easing policy is attractive option in very severe recession. "This makes an explicit default by an EMU member a higher probability than for a state with full monetary sovereignty. This structural feature impairs the ability of the euro to challenge the USD as a reserve currency." ML

Syd 06:18 GMT January 29, 2009
Yen
Reply   
TOKYO (Dow Jones)--The yen regained some ground in Asia Thursday as Japanese exporters bought the unit for month-end settlements. Concern again turned to U.S. job cuts, corporate earnings and weak economic data, which dealers said prompted players to buy back the safe-haven yen.


Asian investors also helped prop up the yen, regarding its weakness early in the session at more than one-week lows against the euro and the dollar as a good buying opportunity, dealers said.



NZ recession appears to be deepening, extending duration and risk of a sovereign downgrade continues to remain plausible .

Amman wfakhoury 06:15 GMT January 29, 2009
how to guess reply
Reply   
Mtl JP 06:10 GMT January 29, 2009
-------
sure...you are right .usd cad still in downtrend with retracment
but trend did not change to up yet.

Mtl JP 06:10 GMT January 29, 2009
usd.cad

wfakhoury at an elementary level, there is a difference between retracement and trend change.

basics watson.

Amman wfakhoury 06:03 GMT January 29, 2009
how to guess trade ideas
Reply   
just wait the price till decline big , then guess it will rise again
with big stop loss level ,and vice versa when it is rise.

US SW 05:51 GMT January 29, 2009
GBPAUD

will be shorting 2.2700

Amman wfakhoury 05:30 GMT January 29, 2009
usd.cad
Reply   
london jp 03:33 GMT January 29, 2009
------
usd cad still in downtrend..dont let the guess boy gives you false hope.

Syd 05:29 GMT January 29, 2009
BOJ
Reply   
Bank of Japan Deputy Gov. Kiyohiko Nishimura Thursday voiced concerns that too much central bank participation in markets may interrupt their functioning.

Maribor 05:13 GMT January 29, 2009
GBPAUD
Reply   
Shorting GBPAUD at market(now 2,144) I also consider trade with R/R ~1:25 : stop 2,156, target 2,105...

Syd 05:02 GMT January 29, 2009
JPY Gains As Japan Exporters Buy Near Month-End
Reply   
USD/JPY, EUR/JPY down as Japan exporters sell for end-of-month settlements, says senior FX dealer at major Japan securities house; "I haven't seen anything else driving this."

HK [email protected] 04:36 GMT January 29, 2009
E/$
Reply   
Euro bandwagon-longs-carnage, may continue to another blow of more than 100 drop into the 1.29-1.30 range.

And later possible even some more losses.

Maribor 04:35 GMT January 29, 2009
NZDUSD

NZD maybe just had to complete turn level @0,5171; also AUDNZD completed turn @1,278 and EURNZD reached nice short area @1,539.

There may be no need for further NZD weakness...

Syd 04:33 GMT January 29, 2009
AUD/USD Fall Toward 0.6420 Possible N/T - ANZ
Reply   
AUD/USD weakness gathering pace heading into European session, risk aversion appears to be reemerging, traders taking profit, ANZ senior currency strategist Tony Morriss says; AUD/USD falls below 0.6600, last at 0.6590. Expects minor support around 0.6570, but move toward 0.6420 also possible in near term. "You would have thought with the Nikkei up over 1% today and the local market stronger that maybe the Aussie would have held up a bit but maybe people are just taking the opportunity to sell into (the recent) rally."

Syd 04:32 GMT January 29, 2009
NZ Dlr Weaker Late, Swap Rates Down After RBNZ Rate Cut
Reply   
Two-year swap rates fell to an all time low on aggressive receiving interest after the central bank's announcement while 10-year swap rates were also pushed down.
"These are extremely big moves, with the curve steepening up significantly. We haven't seen anything like these levels before," one trader said.
The RBNZ's aggressive policy response clearly signals further rate cuts ahead and downside for the Kiwi, Westpac foreign exchange strategist Robert Rennie said. According to Rennie, the massive unwind of the global economy will hammer growth-linked currencies in the near term.
"I don't understand any arguments for being long at the moment," he said.

Syd 04:27 GMT January 29, 2009
Europe
Reply   
German Finance Minister Peer Steinbrueck declined to rule out a dispossession of shareholders in realty finance company Hypo Real Estate (HRX.XE) in order to foster a complete nationalization, according to Berliner Zeitung.
He was cited as saying the government is unable to pour billions of euros into "a big black hole" without something improving. www.berlinonline.de/berliner-zeitung/

Hong Kong Qindex 04:20 GMT January 29, 2009
QIndex Trading System

Sell Gold
Entry: 882.6 - 888.0 Target: 850 Stop: 905

Gold : Daily Cycle Analysis

Expected Range : 827.9 - 918.7

Normal Lower Limits : 701.5* - 749.0 - 778.2
Lower Mid-Point Reference : 775.3* - 810.1 - 841.8
Weekly Cycle Pivot Centers : (849.1*) - (871.2) - (905.4)
Upper Mid-Point Reference : 922.9* - 932.3 - 969.1
Normal Upper Limits : 993.4 - 996.7* - 1032.7

Daily Cycle Projected Series (886.4) : ... 841.3 - 849.0* - 856.8 - 860.7 // 864.6* - 868.5 - 872.4 - 876.3 - 880.2* - 884.1 - [888.0] - 891.8 - 895.7* - 899.6 - 903.5 - 907.4 - 911.3* // 915.2 - 919.1 - 926.9* - 934.7 ...

Daily Cycle Congested Area : 807.9 - 834.6 - (861.3 - 888.0) - 914.6 - 941.3 - 968.0

Suggested Trade : Sell 1/3 - 1/2 in the first entry point
Entry Points : 882.6 - 888.0
Target(s) : 850
Stop(s) and Reverse : 905.0

Upside Targeting Points : 894.4 - 898.3

Downside Targeting Points : 833.8 - 849.1

Remarks : As indicated in the Directional Indicator the gold market is strong but not enough to trade over the last member at 918.7. It is likely that the market will consolidate further within the range of 819.6 - 918.7, buy on low and sell on high would be the preferred trading strategy. A resistant range is expected at 902.4 - 911.3 and a projected supporting range is located at 838.1 - 842.9.

Directional Indicator :  819.6 - [838.0] - [853.0] - 869.9* - 879.8 - [883.8] - 895.7* - 911.3 - 918.7*

Houston ET 04:14 GMT January 29, 2009
NZDUSD
Reply   
Breaks new ground - likely heading to 0.5000

Syd 03:59 GMT January 29, 2009
Worst Yet To Come For S Korea Economy - S Korea's PM
Reply   
SEOUL (AFP)--The worst is yet to come for South Korea's economy, President Lee Myung-bak said Thursday, calling for thorough preemptive measures to avoid joining other countries in recession. Last week, the central bank reported that the export-dependent economy is in its worst shape since the East Asian financial crisis a decade ago, amid the global downturn. Asia's fourth-largest economy shrank 5.6% in between October and December compared with the previous quarter, the worst showing since first quarter 1998

NZ Sovereign Credit Downgrade Risk Increases -RBC
NZ's deteriorating budget, trade deficits will increase likelihood of sovereign credit rating downgrade, says RBC senior economist Su Lin Ong; says deteriorating government operating balance "will not escape the scrutiny of the rating agencies with S&P recently putting NZ on negative watch." Adds, weak outlook for nation's finances, external sector bode poorly and downgrade is likely. "We expect the currency to bear the brunt of such an event with knock-on implications for bonds." Says threat of downgrade also limits degree of further fiscal stimulus with burden falling on RBNZ to use its policy tools to temper depth, duration of recession

Banks in Russia need large capital injections - FT
- The increased capital would allow them to prepare for a rise in consumer and corporate defaults.

london jp 03:33 GMT January 29, 2009
usd/cad
Reply   
Lahore FM

Any further ideas on usd/cad please FM? You still think it may get higher again or is it on it's way back down to last years levels? tia

Syd 03:05 GMT January 29, 2009
Global crisis ‘could cost 50m jobs’
Reply   
Global unemployment and poverty are set for a “dramatic increase” in the coming year as the world economic crisis deepens, according to a new report.
http://www.ft.com/cms/s/0/91526d30-ed34-11dd-88f3-0000779fd2ac.html

NZD/USD weaker after RBNZ slashes Official Cash Rate; "not only did we get 150 basis points, which was certainly at the top end of expectations, but the Reserve Bank very squarely warned that the global environment has deteriorated, and they also indicated further rate cuts were on the cards," says Mike Hollows, director of trading at HIFX. Says weak NZ Dec trade numbers dwarfed by RBNZ news but that they didn't help matters. Pair last 0.5195 vs 0.5301 late yesterday in NZ. Says RBNZ combined with weaker euro, Aussie dollar "have certainly put the Kiwi on the back foot." Tips support to hold at 0.5165

Russia's foreign reserves have fallen by 34pc since August to $396bn (£277bn) after months of capital flight and the collapse in the price of Urals crude oil to $45 a barrel.

US SW 03:05 GMT January 29, 2009
what to buy and sell

no prob...seems the yeilder maybe more out of favor do to some up coming data...will see GL

Lahore FM 02:57 GMT January 29, 2009
what to buy and sell

thanx for the counterbalancing!

US SW 02:52 GMT January 29, 2009
what to buy and sell
Reply   
BUY USDJPY SELL AUDUSD IMO....even thouth gold is strong here the Audie is still under pressure do to there economy

Lahore FM 02:41 GMT January 29, 2009
Trade Ideas

Buy usdjpy
Entry: 90.14 Target: 92.00+ Stop: 89.20

entered long usdjpy 90.14 with 89.20 stop.

also carrying half long from 200 pips lower ..now with entry stops.

Lahore FM 02:28 GMT January 29, 2009
Trade Ideas

Buy audusd
Entry: 0.6626 Target: 0.7000 Stop: 0.6520

entered long audusd 0.6626 in addition to 1/2 long from earlier.stops 0.6520.

YVR WOK 01:27 GMT January 29, 2009
Austn dollar to slump to 57 US cents in '09 - strategist

Just a gigolo don't know where to go turn me into a sprinkler. (0.28 seconds) fox year!

YVR MAXXIM 01:12 GMT January 29, 2009
Austn dollar to slump to 57 US cents in '09 - strategist

PIPE IT
Entry: Target: Stop:

AT IRRIGATION

AMS MAXXIM 01:07 GMT January 29, 2009
Austn dollar to slump to 57 US cents in '09 - strategist

WHEELCHAIR
Entry: Target: Stop:

Work Trades: EXPOSEE
Open Time
2009.01.21 18:18 sell 0.01 eurcad 1.6291 T / P 1.3286 Price1.5975 Profit 25.97
2009.01.21 18:08 sell 0.01 usdcad 1.2662 T / P 0.9056 Price1.2170 Profit 40.43

Syd 00:23 GMT January 29, 2009
Austn dollar to slump to 57 US cents in '09 - strategist
Reply   
SYDNEY, Jan 21 AAP - A currency strategist who forecast the Australian dollar's dramatic fall in 2008 predicts the unit to slump to 57 US cents halfway through this year.
LINK

Syd 00:04 GMT January 29, 2009
RBA And RBNZ Flying By Seat Of Their Pants -ABN
Reply   
"The RBNZ and RBA are flying by the seat of their pants, looking over their shoulder at the avalanche coming from abroad and slashing rates," says ABN Amro FX Strategist Greg Gibbs. Says risks are RBA cuts larger than expected next week. "In light of the extreme weakness in global economic data in recent weeks, the doves may again drive another deeper-than-expected cut in Australian rates next week." Doesn't expect AUD/NZD to retest highs of last year (at 1.2968). "If New Zealand is worried about the weak global economy, Australia will potentially suffer a bigger down draft from a bigger fall in its terms of trade later in 2009."

Collapse in world trade says IMF
WORLD trade collapsed by nearly 45 per cent in annual terms in the final three months of last year, according to new International Monetary Fund figures that expose the staggering depth of the global financial crisis.

And the IMF has predicted dealing with the economic storm will force governments to drive their budgets deep into deficit, indicating that Australia could expect a $35 billion deterioration in its budget bottom line. The IMF says the threat of inflation has disappeared under the weight of the global downturn, and is now being supplanted by a risk of deflation.

The biggest downgrade in the IMFs forecasts were for the "newly industrialised" countries in Asia, which include key markets for Australia such as Korea and Taiwan. They are expected to contract 3.9 per cent this year; the IMF was tipping 2.1per cent growth last November.

The crucial Chinese economy is expected to grow 6.7 per cent, down from an earlier forecast of 8.3 per cent, while Russia will slump to a 0.7per cent contraction.

Commodity prices will continue to fall, with oil prices tipped to almost halve, while "non-fuel" commodity prices will drop 29.1 per cent.

NZ Dec Trade Deficit Puts Focus On Rating - ANZ
NZ current account set to blow out from already large 8.6% of GDP given S&P says NZ's rating outlook negative and it wants external deficit to turn around, agency will closely watch 1Q current account data along with government's May budget very closely.

 




Actionable trading levels delivered LIVE to YOUR charts

GVI Trading. Potential Price Risk Scale
AA: Major, A: High, B: Medium

Mon 27 May 2019
AAGB/US- Holiday
Tue 28 May 2019
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Wed 29 May 2019
A 08:55 DE- Employment
AA 18:00 US- BOC Decision
A 18:30 US- EIA Crude
Thu 30 Mar 2019
AAEZ/CH- Holiday
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AA 14:00 US- Final Univ of Michigan


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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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