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Forex Forum Archive for 03/30/2009

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Melbourne Qindex 23:42 GMT March 30, 2009
QIndex Trading System

Sell USD/JPY
Entry: Target: Stop:

USD/JPY : The downside targeting range is 95.21 - 95.35.

Melbourne Qindex 23:35 GMT March 30, 2009
QIndex Trading System

Sell USD/JPY
Entry: Target: Stop:

USD/JPY : Speculative selling pressure will increase when the market is trading below 97.09 (bid price on ebs).

Lahore FM 23:33 GMT March 30, 2009
trading styles

houston st,that's exceedingly flattering comparative..thanx for your kind comment in any case!

houston st 23:30 GMT March 30, 2009
trading styles

FM--smart...like BC...

Lahore FM 23:29 GMT March 30, 2009
Trade Ideas

usdjpy now 97.27 while still under 97.70 a 2nd swing towards 95 is in the works i think.

AZUSA 4x-ed 23:23 GMT March 30, 2009
trading styles

Bobl, your bond-dollar relationship needs to be revisited. While not that uncommon to have displaced markets from time to time, in theory an up day for the bonds correlates to a down day for the dollar...

Lahore FM 23:22 GMT March 30, 2009
trading styles

i am hardly ever looking out for the small ups and downs.always looking at the bigger picture and looking to make the four hour and eight hourt chart kill.one reason why a number of trades in my usual thread have 1 k type of pip gains too.

Lahore FM 23:16 GMT March 30, 2009
trading styles

no not smaller timeframe.the studies that i use for ten minute timeframe can correlate with 1 hour chart of the workaday traders!

San Diego bobl 23:10 GMT March 30, 2009
trading styles
Reply   
FM...
OK... I think I get it, and will work it out more in trade visability. It seems your focus much shorter term than mine, as 1/2 hr. is smallest timeframe I use. I will often, as in this type of market, get into something, grab a small reward if there on 1/3 to 1/2 of what I played (for say 60 pips or so), and go to b/e stop on remainder. So, in range trading, I often get stopped on held remainder, but have learned over time that by taking small reward, and still giving the trade a chance to really perform, i.e.. several hundred (s) of pips, that those are the ones that buy the house, not just pay the rent.

I ran a commodity fund for a long time, so am totally familiar with the intermarket relationships. Today was good example... when gold down, USD up, equities down and bonds up, oil etc. all were lined up together and correlated. And, of course as we know now, the chop monsters been out doing their deeds, knocking off whoever they can. As a matter of fact, my USD long basket today I held entirely because of the correlations...........and now my stops lie with only very small profits, after being up, for example, 150 pips in eur/usd........ It just had the makings of new breakouts and maybe some follow-through trending type of market. Going to watch Asia and hopefully get an early jump on the Euro session even if only for positioning for the day and another chance at a bigger trade. It's coming...........always does, it's just the "when", and that my friend, as you know, is a story told by the market, not our positions, opinions, or beliefs. Sometimes the hardest trades to take are the biggest winners because...............

gl/gt

Lahore FM 23:03 GMT March 30, 2009
Trade Ideas

had placed long cash dow order at 7120 before ny close.it runs till friday close.will look into stops for this once it is filled.

Syd 22:56 GMT March 30, 2009
RBS Points To Aussie First Home Grant Time Bomb
Reply   
Increased first home ownership grants in Australia could potentially be a time bomb for Australia's banks, RBS says. Reckons segment is inherently risky - particularly given the likelihood of a spike in unemployment in coming months. "The confluence of artificially high housing prices, lack of a savings track record and higher unemployment risk makes the first homebuyer segment the high risk segment within the banks' portfolios," analyst says. "As a result, our worse-case scenario has mortgage bad and doubtful debts of 16 basis points, with losses in the first homebuyer segment of 42 basis points," analyst says. Adds that traditionally, younger workers most likely to suffer from increased unemployment, and the level of deposit being saved is relatively low, with over 5% of first homebuyers relying on the grant to provide the entire deposit on the property. Keeps Underweight rating on Aussie bank sector, with Westpac as its top pick.DJ

USA ZEUS 22:48 GMT March 30, 2009
EUR/USD

Lahore FM 22:02 GMT March 30, 2009

FM- Thank you dear friend. Our auto system fired out incorrect numbers. Indeed we did exit at 1.3205 for a 96 pip loss. After ST pointed it out I should have looked deeper.

As always- GLGT! :-)

Lahore FM 22:45 GMT March 30, 2009
FM and data

Bobl,for me too lining of many frames is very important.for my major stance mostly on any given currency the most importantt are the 10,15 and 30 minute timeframes but they must match with similar directional indication from 4 and 8 hour charts.

on weekends i would do the weeklies and monthlies and connect them with daily charts for all pairs i trcak.

my going against the grain may well be a misperception though.

i like to see a number of markets when making usd directional view.there were times i would watch kr/crb along with gold jpy oi and euro.more recently just a general feel of commodities with gold as the leader.

i am much less than perfect and make no such claims.i can be even titled the imperfect trader for my approach is mostly tentative .just about 25 percent of the time my view is absolutely strong one.just incidentally friday and eurusd view were from those 25 percent.i had 1 hour signal down and entrenched.ungiving!i had to stick with my signal of course.

many happy trades to you.i am not even sure if i made much sense in replying to your post.do let me know if i left out something...

Syd 22:45 GMT March 30, 2009
Nicolas Sarkozy’s threat to walk out of global summit
Reply   
http://www.timesonline.co.uk/tol/news/
politics/G20/article6005810.ece

San Diego bobl 22:27 GMT March 30, 2009
FM and data
Reply   
FM...
I had data feed problems last week and couldn't for the life of me figure out what you seeing, doing...albeit successfully in the markets. Know that data is up, I would like to clarify our different approaches to the market.

Please correct me if I am wrong...........but it appears to me know that buy/sell support and resistance levels, usually against the grain, so to speak, ..... i.e. let's say euro is down 150 pips, you may go long according to your levels or indicators/oscillators or both, whatever?

My personal methods "go with the flow", i.e. I look for several time frames, weekly-hourly, to line up to pull trigger full size, and do much less size in choppy, range trade type markets. Basically, I am a trend follower, and I build up by adding to winners, not losers.

Bottom line, I think there is some compliment to our individual systems that may add value, or notice, to what the different approaches show. Please let me know if this sounds correct in your style of trading.........again, to compliment each others awareness of what the market is saying.

gl/gt

GVI Forex john 22:26 GMT March 30, 2009
GVI Forex Analysis

NEW! GVI Forex Chart Gallery. Printable FX Charts

Click for Complete Chart Points

30-Mar-09

EURUSD

USDJPY

USDCHF

GBPUSD

USDCAD

Close

1.3162

97.07

1.1506

1.4196

1.2643

High

1.3284

98.32

1.1547

1.4295

1.2647

Low

1.3113

95.95

1.1450

1.4112

1.2386

Simple mva

EUR/USD

USD/JPY

USD/CHF

GBP/USD

USD/CAD

5 day

1.3399

97.73

1.1346

1.4425

1.2371

10 day

1.3437

97.07

1.1374

1.4398

1.2403

20 day

1.3084

97.67

1.1543

1.4191

1.2616

50 day

1.2954

94.26

1.1577

1.4259

1.2507

100 day

1.3120

93.38

1.1524

1.4581

1.2402

200 day

1.3827

99.33

1.1225

1.6452

1.1602

Lahore FM 22:08 GMT March 30, 2009
Trade Ideas

closed 1.3377 eurusd long at 1.3192 for minus 185.

closed 1.3215 long eurusd 1/2 remainder with partial close at 1.3278 earlier in the day.for a small overall gain in this 2nd position only.

Lahore FM 22:02 GMT March 30, 2009
EUR/USD

Zeus my friend you might not have noticed that we never went near 1.3305 so it gotta be a minus 104 pip trade.

anyways,i would like it to go closer to 1.3300 so i can unload a long from 1.3377.

USA ZEUS 21:55 GMT March 30, 2009
EUR/USD

houston st 21:49 GMT March 30, 2009

st- yes and ty. Should read 1.3305 for a small 4 pip gain (basically b/e/) trade.

Lahore FM 21:52 GMT March 30, 2009
Trade Ideas

0.8670 is the stop Bay!

usa bay 21:50 GMT March 30, 2009
Trade Ideas

LAHORE FM,

What is your stop for aud/cad trade pls. thanks and gt/gl

houston st 21:49 GMT March 30, 2009
EUR/USD

zeus, is that a misprint on your eur/usd trade?

sofia kaprikorn 21:48 GMT March 30, 2009
AUD/USD trendline break
Reply   


sold AUD/USD at 0.6805 on the assumption the trendline break will produce a pullback to at least 61.8% /0.6600/....
stops are above the channel bottom that was broken
.............
seems this setup is similar to the liquidations in EUR/USD as risk aversion is back

Lahore FM 21:28 GMT March 30, 2009
Trade Ideas

entered long eurnzd 2.3482,stops 2.3180 bid.

USA ZEUS 21:16 GMT March 30, 2009
trade signal

moscow mike 15:53 GMT March 30, 2009

eurjpy
Entry: 128.00 Target: open Stop: 127.00

We buy EUR/JPY @ 128.00, will add lower if possible. Stops at 127.
________________________________________________________

We exited our long EUR/JPY position @ 128.42 for a +42 pip gain.

USA ZEUS 21:13 GMT March 30, 2009
EUR/USD

USA ZEUS 16:03 GMT March 27, 2009
EUR/USD:
Buy

Entered long EUR/USD @ 1.3301 from a Swing/Scalp signal.
_______________________________________________________

Exited long EUR/USD swing scalp at B/E 1.3205 (+4)

Lahore FM 21:10 GMT March 30, 2009
Trade Ideas

sold audcad 0.8591.t/p placed at 0.8300.

Lahore FM 20:54 GMT March 30, 2009
Trade Ideas

correction*
holding half from 0.5750*

Lahore FM 20:52 GMT March 30, 2009
Trade Ideas

nzdusd sold 0.5625 now,stops at 0.5710.holding half from 0.6750 too.lowered stops for that one to entry.

GVI Forex john 20:38 GMT March 30, 2009
GVI Forex Analysis

Click on Hyperlinks below for Updated Charts

20:04

USD

pips

10yr

bp

2yr

bp

Stox

pts

USD

2.710

(5.0)

0.84

(7.0)

EUR

1.3191

(106)

3.030

(6.0)

1.26

(5.0)

DAX

3989

(214)

GBP

1.4254

(46)

3.180

(10.0)

1.2

(8.0)

FTSE

3763

(136)

CHF

1.1486

53

3.280

104.0

1.28

73.0

SMI

4746

(126)

JPY

97.22

(71)

1.340

1.0

0.42

0.0

NIK

8236

(391)

CAD

1.2619

248

1.890

(1.0)

1.16

(2.0)

TSE

8507

(358)

AUD

0.6798

(127)

4.460

(10.0)

2.9

(9.0)

ASX

3604

(68)

NZD

0.5603

(93)

CNY

6.8370

50

SSEC

2358

(16)

DJIA

7522

(254)

Gold

916.4

(6.85)

HSI

13456

(663)

S&P

788

(28)

WTI

48.51

(3.57)

NAS

1502

(43)

GVI Forex john 20:37 GMT March 30, 2009
GVI Forex Analysis

Data Preview…
TUESDAY:
Far East/Europe:
JA- PMI- important- Leading Economic Indicator.
JA- Unemployment- Important- Not a reliable Statistic. Seen weaker.
JA- Household Spending- important- Key Consumption figure.
JA- Industrial Output- important- Leading indicator of production/export demand.
EZ- Flash HICP - important- ECB targets inflation.
North America:
CA- GDP- important – BOC watches Output gap closely. Seen weak.
CA- PPI- important- very important- BOC targets inflation. Seen higher.
US- Case-Shiller20 Index - closely followed- good housing indicator, but data is stale.
US- Chicago PMI- closely followed- key regional PMI seen steady.
US- CB Confidence- important- key sentiment indicator. Seen better.


23:15

JA

Mar

Mfg PMI

Cons: n/a

Last: 31.6

23:30

JA

Feb

Unemploy

Cons: 4.3%

Last: 4.1%

23:30

JA

Feb

Household Spend

Cons: -4.6%

Last: -5.9%

23:50

JA

Feb

Ind Out prelim

Cons: -9.2%

Last: -10.0%

0:00

TUESDAY

Cons:

Last:

9:00

EZ

Mar

HICP (flash) yy

Cons: +0.9%

Last: +1.2%

12:30

CA

Jan

GDP mm

Cons: -0.7%

Last: -1.0%

12:30

CA

Feb

PPI mm

Cons: +0.3%

Last: -0.1%

13:00

US

Jan

Case-Shiller20

Cons: -2.0%

Last: -2.0%

13:45

US

Mar

Chicago PMI

Cons: 34.4

Last: 34.2

14:00

US

Mar

CB Confidence

Cons: 28.8

Last: 25.0



Nicosia as 19:44 GMT March 30, 2009
EUR
Reply   
Euro is looking 2,5k down

Tallinn viies 19:09 GMT March 30, 2009
eurusd
Reply   
fwiw

EURO-DOLLAR: Traders note that the euro seems reluctant to break below an important support zone around $1.3100/$1.3120. First the 100-day comes in around $1.3118 ($1.3113 earlier low) and then $1.3098 is the 50% Fibonacci of the March rally from $1.2455 to $1.3739. Traders note also that the euro was trading in the $1.3100/20 zone heading into the Federal Reserve decision on October 18. The euro jumped 2.9% (from pre-Fed levels around $1.3120 to highs near $1.3500) in the wake of the Fed announcement that it would buy long term U.S. Treasuries, they remind. A clear-cut break below $1.3080/$1.3100 was expected to trigger additional stop-loss euro selling, with an eye then on the March 18 lows near $1.2985. Provided by: Market News International

BA mades 17:57 GMT March 30, 2009
mkt
Reply   
Please note 4H regular bullish divergence (price LL, oscillator not) on major charts (eu/gu/au), so upside move won't be any surprise. We could see some final leg down testing 50% fib of last upmove (61.8 on GU) before that. I will wait for 30/60M reversal candle.
EU support at 1.307
GU support at 1.407
AU support at 0.675

Morristown GG 17:22 GMT March 30, 2009
EUR/USD rotation around 100-DMA

Good day all, I appreciate the comments re Eur/USD. I'm thinking that if this pressure on the Euro continues and is reflected relative to the CHF, we could see the Swiss CB intervene again just below 1.50. Last time this affected all the Eur pairs. So be prepared for a brutal squeeze higher if you are short. Tomorrow could be the day that happens.

Veldhoven, NL TGS 17:19 GMT March 30, 2009
eur/usd usd/chf
Reply   
Eur/usd same level as this morning. I still do favor a breakout on the long site. (note divergence in RSI 14 on 2h chart).

Usd/Chr same story (divergence). 1.1550 resistance looked pretty solid. I do favor an outbreak on the downside of the channel. Support now at 1.1480.

Lahore FM 17:02 GMT March 30, 2009
nzd/usd divergence signals buying

Mailman greetings!hope you are well.

nzdusd is on the verge of selloff in my humble view.

San Diego bobl 16:30 GMT March 30, 2009
EUR/USD rotation around 100-DMA

The intraday market has formed a 2x bottom @ 1.3114 ... and in the last 4 hours has sold off and then run up to magnet @
1.3150 area. I've used this area as an add point to shorts, although we may not see the 2x broken today. The hourly chart is seesaw type look, but also a clear channel down. I am surprised we haven't been able to drop the bid below the half and keep it there, but that's the market for ya.

Cash equities (s and p) has managed to top futures, so a lot of curve balls still hanging around in the markets.

Lots of time and possibilities before close of US session, but if holding a good cushion in trades, seems like a worthwhile hold thus far today..........to capture expected follow-through at this point.

gl/gt

NYC JM 16:25 GMT March 30, 2009
EUR/USD rotation around 100-DMA

Kaprikorn. You would have to get through 50% (1.3097) and 61,8% (1.2945) before the lows could be considered.

sofia kaprikorn 16:18 GMT March 30, 2009
EUR/USD rotation around 100-DMA
Reply   


just wanted to share this idea of rotation around a pivotal level that seems to be 1.31 coinciding with 100-day MA -- a break below that level should target 1.25

a long shot - but posted for critique and comment

moscow mike 15:53 GMT March 30, 2009
trade signal
Reply   
eurjpy
Entry: 128.00 Target: open Stop: 127.00

We buy EUR/JPY @ 128.00, will add lower if possible. Stops at 127.

NYC ET 15:43 GMT March 30, 2009
MAS MARKETS

Market trying to divorce from stocks but can't seem to get out of the way.

LHR-PK MAS MARKETS 15:11 GMT March 30, 2009
MAS MARKETS

Eur/USD is again at critical level along with USD/CHF showing some support arround 1.1550. USD/CHF is the only pair which push me for tentative buying of eur/usd at current levels, beacuse on the other side eur/usd seems to have potential to test 1.3060 and 1.2950 levels before testing the upside again. but following USD.CHF as my 1st signal i would like to initiate long EUR/USD here on these low levels
______

Sorry ppl, i mistakenly mentioned USD/CHF support at 1.1550 while actuly it is resistance.

Richland QC Mailman 15:05 GMT March 30, 2009
nzd/usd divergence signals buying
Reply   
nzd/usd
Entry: Target: Stop:

hi folks!

positive divergence seen earlier on this pair, bought 5618 and 5622 with targets 5650 and 5680. Stop at 5570.

LHR-PK MAS MARKETS 14:45 GMT March 30, 2009
MAS MARKETS

Eur/USD is again at critical level along with USD/CHF showing some support arround 1.1550. USD/CHF is the only pair which push me for tentative buying of eur/usd at current levels, beacuse on the other side eur/usd seems to have potential to test 1.3060 and 1.2950 levels before testing the upside again. but following USD.CHF as my 1st signal i would like to initiate long EUR/USD here on these low levels

sofia kaprikorn 14:45 GMT March 30, 2009
eur/usd
Reply   
daily chart looks like a roller coaster..
anyway ... my humble observations tell me that when we have this FLAT Long term SMAs like 89dma/1.3162 - broken/ and 100dma /1.3102 - pending... - differences to GV data because of the closing hour on my platform/ ---

so once a flat MA is broken there is a rotation of the same distance to the other side ... so a simple computation makes for 1.3740 - 1.31 ~~ 600 pips >>> so a target might be 1.31 -6 = 1.25

my short was entered from 1.3185

FW CS 14:32 GMT March 30, 2009
USD vs. CC;s

San Diego Bobl
Especially take a look at the Yen pairs those look very heavy. $/jpy though seems to be pegged by the BOJ

tokyo ginko 14:17 GMT March 30, 2009
USD/CAD
Reply   
Sell USD/CAD
Entry: 1.2535 Target: open Stop: will put in later

short usd/cad 1.2535, will add 30% more if higher..

makassar alimin 14:14 GMT March 30, 2009
eurchf
Reply   
eurchf looks like testing 1.5070-80 in the next 24 hours

US SW 14:14 GMT March 30, 2009
Overshoot
Reply   
Sell
Entry: dol Target: Stop:

won't be worth the paper its printed on....anyways were ready for a pullback usdjpy usdchf usdcad all over shooting here

San Diego bobl 13:58 GMT March 30, 2009
eur/usd
Reply   
Kapricorn...
Seems a better play, if you believe that 21 ema will hold prices, to take some off and tighten stop on remainder, giving yourself a chance at a bigger trade. Unless something unforeseen comes into the market, 1.30 test and stop running appears very likely...today/tomorrow.

gl/gt

Como Perrie 13:55 GMT March 30, 2009
Till Thursday Foggy
Reply   
nothing will be very clear... in any case the new currency substituting the Usd, Stiglitz said, It will take 12 months at least be4 cd be set.

sofia kaprikorn 13:53 GMT March 30, 2009
eur/usd
Reply   
think to close shorts around 1.3085 ahead of support at 21-dma at 1.3058

singapore sl 13:53 GMT March 30, 2009
gold

seems automatic buy order on s&p soveriegn downgrade

Lahore FM 13:52 GMT March 30, 2009
Trade Ideas

Maribor many thanx for ur elaborate view.i might have to add lower in case it falls deeper!

makassar alimin 13:52 GMT March 30, 2009
euro
Reply   
under 1.3140-50 looks like euro is heading for lower probably sub 1.30

San Diego bobl 13:50 GMT March 30, 2009
gold
Reply   
Singapore...
Trade desk says buy program is very large, and appears to be instituted by a major player; maybe even a CB. Currencies showing a little affect so far, but not as much as the implications. Stocks and Bonds do not seem to notice thus far.

gl/gt

Maribor 13:47 GMT March 30, 2009
Trade Ideas

Lahore FM 04:35 GMT March 26, 2009
Trade Ideas: Reply
entred long term long audnzd 1.2176.looking for 1.2800/1.3200.
-----------

My guess AUDNZD has target @1,2005. After that 1,33 seems reasonable for long term. In meantime AUDUSD may(or may not) reach 0,627, so combination of probabilities to get best R/R in my theories would be buy AUDNZD and AUDUSD when AUDUSD <= 0,627.

singapore sl 13:43 GMT March 30, 2009
Gold just jumped up $13
Reply   
x

San Diego bobl 13:28 GMT March 30, 2009
USD vs. CC;s
Reply   
The USD is poised well for a continued rally. A test of eur/usd @ 1.3000 seems a given at this point. The correlating line-up looks supportive. Bonds are rallying; stocks falling; precious metals negative. A USD basket on longs, excluding usd/jpy, appears to be the direction and play of the market currently.

gl/gt

GVI Forex Jay 13:22 GMT March 30, 2009
EUR/USD forecast range for the NY session start until today’s close

John's survey analysis is worth repeating:

Tough call today. We get a sense that many don’t trust or even like this USD march higher. Perhaps many feel it can’t last and thus are just backing off. This view could be reflected in the poor trader participation today.

Plovdiv Gotin 12:16 GMT March 30, 2009
EUR/USD forecast range for the NY session start until today’s close

1.3530/1.3157/1.3493

Perth Alan 12:09 GMT March 30, 2009
EUR/USD forecast range for the NY session start until today’s close

1.3220 - 1.3010 - 1.3080

NYC ET 12:04 GMT March 30, 2009
EUR/USD forecast range for the NY session start until today’s close

1.3260-1.3140-1.3200

GVI Forex john 12:03 GMT March 30, 2009
EUR/USD forecast range for the NY session start until today’s close

Survey Results
This is a sentiment survey, so the more who participate the better! Thanks to all!

Tough call today. We get a sense that many don’t trust or even like this USD march higher. Perhaps many feel it can’t last and thus are just backing off. This view could be reflected in the poor trader participation today.

Averages:
Close: 1.3125
High: 1.3247
Low: 1.3047

Range: 1.2850-1.3310

Observations:
- Bias for mean €/$ close: Lower
- Clusters (Stops/Orders?)
Lows: 1.2880, 1.3250-80
Highs: 1.3220-80

Comments encouraged!

high	low	close	spread		high	low
1.3200	1.2850	1.2950	0.0350		1.3200	1.2850
1.3220	1.2885	1.3005	0.0335		1.3220	1.2885
1.3220	1.2980	1.3020	0.0240		1.3220	1.2980
1.3280	1.3090	1.3120	0.0190		1.3230	1.3050
1.3230	1.3095	1.3135	0.0135		1.3235	1.3070
1.3235	1.3105	1.3140	0.0130		1.3245	1.3090
1.3250	1.3050	1.3150	0.0200		1.3250	1.3095
1.3280	1.3110	1.3230	0.0170		1.3250	1.3105
1.3250	1.3140	1.3180	0.0110		1.3280	1.3110
 current spot = 1.3195
1.3310	1.3070	1.3280	0.0240		1.3280	1.3140
1.3245	1.3140	1.3170	0.0105		1.3310	1.3140
 averages >>
1.3247	1.3047	1.3125	0.0200	 

houston st 11:53 GMT March 30, 2009
EUR/USD forecast range for the NY session start until today’s close

1.3245 - 1.3140 - 1.3170

GVI Forex Jay 11:50 GMT March 30, 2009
EUR/USD forecast range for the NY session start until today’s close

Please participate by posting your forecast. Time change this past weekend may be impacting the survey entries.

makassar alimin 11:50 GMT March 30, 2009
EUR/USD forecast range for the NY session start until today’s close

1.3310-1.3070-1.3280

London GB 11:41 GMT March 30, 2009
EUR/USD forecast range for the NY session start until today’s close

1.3250-1.3140-1.3185

Chicago SC 11:26 GMT March 30, 2009
EUR/USD forecast range for the NY session start until today’s close

1.3280- 1.3110 1.3230

London C 11:17 GMT March 30, 2009
EUR/USD forecast range for the NY session start until today’s close

1.3235-1.3105-1.3140

London Gooner 11:16 GMT March 30, 2009
Long eurchf
Reply   
Buy EURCHF
Entry: 1.5145 Target: Open Stop: 1.5050

Buying some here.

GENEVA DS 11:13 GMT March 30, 2009
EUR/USD forecast range for the NY session start until today’s close

RANGE
Entry: H13220 Target: L12885 Stop: 13005

EUR to pain more on a hopeless economic and political situation... THIS IS OBVIOUSLY NOT PRICED IN... Big move ahead.

Veldhoven, NL TGS 11:12 GMT March 30, 2009
Euro level
Reply   
If EUR/USD is going down any further the coming hours, it would have to break a support line established since the 19th of march on 2hours chart.

Also USD/CHF has not been able to break resistance line (2 hours chart) top (23, 29 and today).

For now long EUR/USD at 1.3164. Need a confirmed break at 1.3250 for adding to long.

USD/CHF needs confirmed break below support line (actual at 1.1460) before shorting.

GVI Forex john 11:12 GMT March 30, 2009
EUR/USD forecast range for the NY session start until today’s close

1.3050-1.3250 1.3150

Livingston nh 11:11 GMT March 30, 2009
EUR/USD forecast range for the NY session start until today’s close

1.3220 - 1.2980 - 1.3020

Brussels JgrB 11:09 GMT March 30, 2009
EUR/USD forecast range for the NY session start until today’s close

Jay,

Apologies. Difficult to guess... I think EUR.USD Close 1.312X

All the best to GV participants,

JgrB

HK [email protected] 11:05 GMT March 30, 2009
EUR/USD forecast range for the NY session start until today’s close



H-1.32............. L-1.2850

NYC JM 11:01 GMT March 30, 2009
EUR/USD forecast range for the NY session start until today’s close

1.3230-1.3095-1.3135

Looks like a stock market following day.

GVI Forex Jay 10:59 GMT March 30, 2009
EUR/USD forecast range for the NY session start until today’s close

JgRb - you need to include a close

Brussels JgrB 10:52 GMT March 30, 2009
EUR/USD forecast range for the NY session start until today’s close

H 1.328X

L 1.309X

C ?

Melbourne Qindex 10:50 GMT March 30, 2009
QIndex Trading System

Sell EUR/JPY
Entry: Target: Stop:

EUR/JPY : The current expected trading range is 124.87 - 127.75. Speculative selling pressure will increase when the market is trading below 124.87.

HK [email protected] 10:50 GMT March 30, 2009
YEN
Reply   
Shenzhen Laowen 08:10 GMT March 30, 2009
HOME SWEET HOME: Reply

That level you estimate for rebound(93.70) makes sense, as it is more or less on the midway trend line dividing the downtrend channel(daily), but oscillators show that there may be more meat for USD decline, so if that level breaks we may be moving to the lower trend line of the channel.

sofia kaprikorn 10:50 GMT March 30, 2009
New Range

DS...............
hello dear friend -- on Friday I was experimenting with some charting and thought it was a Bull flag in EUR/USD but it was something as a distribution down channel /not sure how to call it/ -- so the break of the bottom of channel should have signaled me this was a true liquidation ...

anyway it is a great time to learn in the market but also a very risky one.. seems that the game is played by big players that arrange the agenda to their own game plan...
the way they squeezed EUR/USD up 500 pips at the FOMC on March 18 -- then they liquidated on last Friday..

however it's a game of patience and capital preservation as low leverage is key -- and the most important point:
Longer timeframes Prevail! for me Weekly is the most I can watch and the picture there is pretty clear...

so I come to the point that since I have an understanding of charts the next thing to work upon is correct psychological frame -- as BC noted "it's a mind game".

GVI Forex Jay 10:44 GMT March 30, 2009
EUR/USD forecast range for the NY session start until today’s close
Reply   

Entry: EUR/USD forecast range for the NY session start until today’s close Target: Stop:

Please post you forecast in the following format:

High-low-close

This new daily poll works best when you participate! Note poll closes at 12:00 GMT.


Post your forecast for the EUR/USD range for the NY session start until today’s close and a line for your rationale.

Click on “reply” to post your forecast and keep it in the same thread


GVI Forex Blog 10:41 GMT March 30, 2009
Week Ahead
Reply   
From a weekly report in our blog:

Fiscal policy, protectionism and financial regulation are among the leading topics that will be discussed at the G20 summit in London on Thursday. The difference of opinion between the developed economies on the role of fiscal stimulus to boost economic growth, and the proposals formulated by China to reform the financial system and consider an alternative reserve currency to the dollar, promise a lively set of discussions but which unfortunately on past evidence is unlikely to result in a policy breakthrough. Separately, we expect the ECB to cut its benchmark rate by 0.50% to 1% and announce new measures to improve liquidity in the euro zone economy. This could include the purchase of corporate debt. US economic data is forecast to show that the economy shed over half a million jobs in March for a 4th successive month. In the UK, the manufacturing and services PMI’s may show output firmly in negative territory in March. We will also keep track of the BoE DMO gilt auctions to gauge investor interest in sterling and levels of demand for funds by the corporate sector.


See Economics Weekly - Is the UK recession deepening? Weekly economic data preview - Focus on G20 summit, ECB rate decision and US employment report

HK [email protected] 10:29 GMT March 30, 2009
Euro in turmoil???
Reply   
GENEVA DS 08:56 GMT March 30, 2009
New Range: Reply

Per your estimation that Euro may sink to 1.0750, if there will be no massive intervention at that level(if seen) Euro will drop way below parity.

Jerusalem ML 10:26 GMT March 30, 2009
Hi ALL EURO LOOKS WEAK
Reply   
EUR
Entry: Target: Stop:

From my perch i think eurusd looks set to target 1.3090 later today
1.30 could be the catalyst for move higher in april towards 1.40

Good luck

London Gooner 10:22 GMT March 30, 2009
EURCAD

London Gooner 18:44 GMT March 25, 2009
EURCAD: Reply
Sell
Entry: 1.6740 Target: open Stop: 1.6820
------------------------------------------------
Covered now 1.6450. standing aside.

London Gooner 10:15 GMT March 30, 2009
Bought Cable

Buy GBPUSD
Entry: 1.4145 Target: 1.4300 Stop: 1.4045
--------------------------------------------------
taking 20pips will review later as my charts keep playing up
gaping all over.

sofia kaprikorn 10:01 GMT March 30, 2009
EUR/USD
Reply   
bottom of daily price action rests on the 89dayMA - 1.3163

easily identified next target is 20dayMA - 1.3061

Gen dk 09:59 GMT March 30, 2009 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

GVI Forex john 09:46 GMT March 30, 2009
GVI Forex Analysis
Reply   

Click on Hyperlinks below for Updated Charts

9:43

 USD

pips

10yr

bp

2yr

bp

Stox

 

pts

USD

 

 

2.690

(7.0)

0.88

(3.0)

 

 

 

EUR

1.317

(127)

3.030

(6.0)

1.27

(4.0)

DAX

4048

(155)

GBP

1.4156

(144)

3.200

(8.0)

1.21

(7.0)

FTSE

3815

(84)

 

 

 

 

 

 

 

 

 

 

CHF

1.1506

73

3.280

104.0

1.28

73.0

SMI

4751

(121)

JPY

96.71

(122)

1.340

1.0

0.42

0.0

NIK

8236

(391)

 

 

 

 

 

 

 

 

 

 

CAD

1.249

119

1.890

(1.0)

1.16

(2.0)

TSE

8821

(44)

AUD

0.6786

(139)

4.460

(10.0)

2.9

(9.0)

ASX

3604

(68)

NZD

0.5605

(91)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

CNY

6.8376

56

SSEC

2358

(16)

 

DJIA

7776

0

Gold

922.8

(0.45)

HSI

13456

(663)

 

S&P

816

0

WTI

50.53

(1.55)

 

 

 

 

NAS

1545

0

 

 

 

 

 

 

 

 

 

 

Abu Dhabi Abu 09:28 GMT March 30, 2009
Fakhouris F Signals
Reply   
Amman wfakhoury 09:12 GMT March 30, 2009
Hump one camel now...Target: when camel scream then exit and hump another one...Stop: when you are tired..

Amman wfakhoury 09:12 GMT March 30, 2009
eur.usd
Reply   
eur usd still in downtrend consilidation...and upmovent not confirmed yet.

GENEVA DS 08:56 GMT March 30, 2009
New Range
Reply   
EURUSD
Entry: Target: Stop:

IMHO... there is a WRONG !!!! assumption, that EURUSD is gonna go higher anytime soon from here. A) From a technical standpoint, we see clearly lower Highs in Monthly, Weekly and Daily charts, the temporary very quick rises over the last few month are absolutely CLEAR signals of Bear Market Squeezes... a drop now below 1.2800 ish this week or early next week, will be a catalyst for sub par prises during summer or early fall THIS YEAR.... B) from a political and economic standpoint.... there is NO WAY , that Europe can hold this high exchange rate against US-JAPAN or other Asian countries. The PPP is MUCH MUCH lower than actual prices... C) from a contrarian standpoint... a lot of people in the short term trading field have become increasingly bearish USD and Bullish EURUSD over last few weeks.... thinking that EURO-LAND is Not gonna lower rates or not doing QE.... Wait a little longer and you all will see what is gonna happen now overhere !!! Good luck to all... lets make some bucks... MY RANGE for EURUSD, next few weeks and months.... H 1.3350-1.0750 !!!

AZUSA 4x-ed 08:43 GMT March 30, 2009
G20
Reply   
“Talk is that G20 will be more about regulation and less about stimulation, which may also weigh on markets towards the end of the week.”

I welcome any opportunity to buy into such weakness! Despite the political wrangling revolving around this summit, I expect the market will come to its senses when it figures out that ‘horse and carriage’ analogies do not work in this instance. Also, I expect China to positively surprise the markets, as most of the concessions it will receive should be more than satisfactory.

In the meantime, let’s hope the dollar strength will quash any further talks of a ‘world currency' or any such 'basket'-case notions.

Lahore FM 08:39 GMT March 30, 2009
Lahore FM, What is your outlook on EUR/USD

LJ BK 1.3110 is a posted stop for one long intiated at 1.3215.so that is the stop as far my trades go!
happy trades!

Singapore HK 08:35 GMT March 30, 2009
Views
Reply   
Hi to all,

Any views on aud/jpy, eur/nzd and nzd/usd?

Thanks.

LJ BK 08:34 GMT March 30, 2009
Lahore FM, What is your outlook on EUR/USD

Lahore FM 08:22 GMT March 30, 2009

Where did you set stop for this view? I feel that if pre Fed QE announcement levels are seen (eur below 1,31 and gold below 890) are seen, further USD weaknes might not be seen.

As for now, USDx future is testing 20 DMA and should find some resistance there. We'll see.

Caribbean! Rafe... 08:28 GMT March 30, 2009 Reply   
These model points are applicable for April only.

Caribbean! Rafe... 08:27 GMT March 30, 2009 Reply   
EUR/USD model points at 14628, 14554//12926, 12852.

Lahore FM 08:22 GMT March 30, 2009
Lahore FM, What is your outlook on EUR/USD

KA,in due course eurusd may well go to mid 1.40's but on hourlies the situation is too liquid for a sudden change to the upside.eurusd and others will likely languish in ranges of 200 to 300 pips:for eurusd let us say 1.3100 to 1.3350.this might go on 4 or 5 trading days at least.

no resumption of eurusd uptrend right away though i will post longs for eurusd for resumption purpose here on the forum which will have medium term targets at 1.43 and upper targets to move past 1.60 but this will happen towards mid month most likely.so buy at the lower end of 1.3100 and close towards 1.3350 may work for the moment.

Dubai KA 08:16 GMT March 30, 2009
Lahore FM, What is your outlook on EUR/USD
Reply   
US$
Entry: Target: Stop:

Greetings Lahore FM

Could yo share with us your outlook on EURO/USD
Is it a good time to go for long
if yes, what should be the stop and target

thnx in advance

Shenzhen Laowen 08:10 GMT March 30, 2009
HOME SWEET HOME

Thank you RF for your input. Fundamentally I would agree with you on the YEN. However, I am betting $Yen rebounds for a little while from around 93.70ish where a double bottom might be formed. Good trades to you~

Syd 08:03 GMT March 30, 2009
DJ Room For Rebuilding USD Longs Calyon
Reply   
Not only is the latest rise in risk aversion working in the USD's favor, but so is speculative positioning. Calyon notes the latest IMM data shows aggregate net USD positions were pared back sharply in the week to last Tuesday - to 59.3K from 79.5K the week before. This, the bank says "suggests that the room for a rebuilding of USD long positions has increased."

HK [email protected] 08:01 GMT March 30, 2009
HOME SWEET HOME
Reply   
Shenzhen Laowen 07:39 GMT March 30, 2009
Trade Ideas: Reply

I am not sure corporate Japan will be in a hurry to expatriate their cash, under these uncertain Mkt. conditions with that low interest rates.

Best is: Park your yens in home sweet home, so for now a limit of reversing a clear trend better to follow carefully T.A.

London Gooner 07:48 GMT March 30, 2009
Bought Cable
Reply   
Buy GBPUSD
Entry: 1.4145 Target: 1.4300 Stop: 1.4045

buying off support trendline

Lahore FM 07:48 GMT March 30, 2009
Trade Ideas

Lahore FM 07:08 GMT March 30, 2009
Trade Ideas: Reply
03/27/2009 16:02:29 FM Lahore 12
long euraud 1.9172.,stops later.designated trade of the month.
--
designated trade of the month euruad long 1.9172 half closed now at 1.9376 for 202+.stops to 1.9100 on the rest 1/2.
--
rest closed now at 1.9440 for 268+ pip gain in all concluding trade of the month!

Syd 07:40 GMT March 30, 2009
GM Shares
Reply   
DJ GM Shares Extend Losses In Frankfurt, Down -15% At EUR2.30

Shenzhen Laowen 07:39 GMT March 30, 2009
Trade Ideas

FM thank you very much. Have the same view on Euro as you. $Yen under 95 shud be a good buy for 100+ imho. Many good trades to you~

Lahore FM 07:32 GMT March 30, 2009
Trade Ideas

Lawen thank you!eurusd,i tired a tentative long and have long view from current prices.have partial out at 1.3278 taken from 1.3215.

usdjpy and jpy crosses in serious correction mode.a day for carry unwind.i could see it coming just before friday close when shorted audusd and shorted usdjpy too.let us see.

Shenzhen Laowen 07:29 GMT March 30, 2009
Trade Ideas

FM, glad to see you are breaking the bank again. Congrats~~
Any view on EURUSD now? Thanks and GT~

Lahore FM 07:17 GMT March 30, 2009
Trade Ideas

correction*
2.3507*

Lahore FM 07:16 GMT March 30, 2009
Trade Ideas

03/27/2009 12:34:23 FM Lahore 24
entered additional small long eurnzd 2.3347.stops later.
--
closed now 1.3507 for profit.

Lahore FM 07:14 GMT March 30, 2009
Trade Ideas

03/27/2009 15:31:33 FM Lahore 18
short usdjpy 98.09,stops at 80 bid.

03/27/2009 17:03:21 FM Lahore 12
usdjpy 98.02 now.the long trek south might have just begun imho!
--
usdjpy short 98.09 half closed now at 96.35.

Lahore FM 07:11 GMT March 30, 2009
Trade Ideas

03/24/2009 20:10:53 FM Lahore 88
Lahore FM 18:27 GMT March 24, 2009
Trade Ideas: Reply
usdcad ready for a rise from current 1.2251.
--
half out at 1.2306,stops to 1.2200 for rest.
--
rest closed 1.2503 now for 252+ in all.

Lahore FM 07:08 GMT March 30, 2009
Trade Ideas

03/27/2009 16:02:29 FM Lahore 12
long euraud 1.9172.,stops later.designated trade of the month.
--
designated trade of the month euruad long 1.9172 half closed now at 1.9376 for 202+.stops to 1.9100 on the rest 1/2.

Perth WTR 06:58 GMT March 30, 2009
eurjpy
Reply   
Buy eurjpy
Entry: 127.81 Target: 1.2938 Stop: 126.88

time to buy eurjpy

Syd 06:51 GMT March 30, 2009
Australian Farmer Confidence Slumps To Two-Year Low -Rabobank
Reply   
Australian farmer confidence slumped to a two-year low in the March quarter as difficult market conditions and softening commodity prices dented sentiment, according to a survey published Monday by Rabobank Australia Ltd.

Melbourne Qindex 06:40 GMT March 30, 2009
QIndex Trading System

Sell USD/JPY
Entry: Target: Stop:

USD/JPY : Heading Towards 95.85

Melbourne Qindex 06:28 GMT March 30, 2009
QIndex Trading System

EUR/USD
Entry: Target: Stop:

EUR/USD : The market is basically vibrating around 1.3215 with an expected magnitude of 1.3132 - 1.3298.

Syd 05:45 GMT March 30, 2009
: Australia's Swan Says RBA Has Room To Cut Rates
Reply   
Australian Treasurer Wayne Swan said Monday the country's central bank has room to cut rates further if needed and Australia's monetary policy mechanism is proving effective.

"The Reserve Bank of Australia has cut the cash rate further and faster, and to a lower level, than in living memory," Swan said in a speech in Tokyo.

"Importantly, however, it has room to cut rates further if necessary - a luxury that many of the world's key central banks no longer have," he said. "And Australia's monetary policy transmission mechanisms continue to be far more effective than almost any other developed country." The Australian dollar fell and bond prices rose in response to the comments, which renewed speculation that the central bank could cut rates when it next meets. Swan's comments are in line with recent statements by RBA policymakers indicating that, despite having slashed interest rates aggressively in recent times, the RBA still has more room to maneuver than many other central banks. Swan reiterated Monday that Australia may face a period of contraction ahead. Analysts expect the government to revise down its official economic outlook in its budget due May 12, which will mean lower revenue and higher spending on welfare as the country's jobless rate inevitably increases.

Japan....Economy and Finance Minister Kaoru Yosano said Monday that Japan is prepared to implement economic stimulus steps that will "far exceed" 2% of gross domestic product, clearing a goal set by the International Monetary Fund. DJ/

Melbourne Qindex 05:41 GMT March 30, 2009
QIndex Trading System

Sell EUR/JPY
Entry: Target: Stop:

EUR/JPY : The following is still valid :-


03/27/2009 12:39:27 Qindex Melbourne 20
EUR/JPY : Heading Towards 127.05

London HR 05:06 GMT March 30, 2009
Made in China
Reply   
Syd 04:57 GMT March 30, 2009
Syd anything with "made in china" sticker has got a very short term product warranty..so not problems about them having that capability..):)

Syd 04:57 GMT March 30, 2009
Britain could be shut down by hackers from China, intelligence experts warn
Reply   
China has the ability to shut down Britain's vital services, including food or power supplies, because its companies are involved in upgrading telecommunications systems, according to intelligence officials. Ministers have been warned that a new £10bn communications network being developed by BT is vulnerable to a potential attack from within the Communist state because it uses equipment supplied by Chinese telecoms firm Huawei.LINK

KL Ron 04:55 GMT March 30, 2009
buy gbpusd
Reply   
Buy gbpusd
Entry: 1.4234 Target: 1.44-1.45 Stop: 1.4178

too much negativity on a monday morning

Syd 04:36 GMT March 30, 2009
G20
Reply   
Only a united front at the London G20 can save the world from ruin
Industrial production is collapsing faster than during the Great Depression. Social and political devastation will not be far behind, unless the G20 can heal global divisions, writes Ambrose Evans-Pritchard. LINK


The London leak
link

Melbourne Qindex 04:19 GMT March 30, 2009
QIndex Trading System

Shenzhen Laowen 04:13 GMT - Thank you for pointing it out.

Syd 04:19 GMT March 30, 2009
Melbourne Qindex
Reply   
thanks

Syd 04:18 GMT March 30, 2009
Sell GBP/USD
Reply   
Melbourne Qindex 04:11 GMT March 30, 2009
Sell GBP/USD
Entry: Target: Stop:
GBP/USD : Heading Towards 1.5056

Do you mean 1.4046 ? many thanks

Melbourne Qindex 04:17 GMT March 30, 2009
QIndex Trading System

Sell GBP/USD
Entry: Target: Stop:

GBP/USD : Heading Towards 1.4056

Syd 04:16 GMT March 30, 2009
AUD/USD Takes Hit From Treasurer Comments-Trader
Reply   
AUD/USD coming under bit of pressure following Australian Treasurer Swan's comment that RBA has room to cut further, trader says.

Shenzhen Laowen 04:13 GMT March 30, 2009
QIndex Trading System

Hi Dr.Q, you think GU turns bullish now? Thank you and GT~

Melbourne Qindex 04:11 GMT March 30, 2009
QIndex Trading System

Sell GBP/USD
Entry: Target: Stop:

GBP/USD : Heading Towards 1.5056

Syd 04:07 GMT March 30, 2009
sud
Reply   
Australia Swan: RBA Has Room To Cut Rates Further If Needed - Govt Net Debt To Be 5% Of GDP By 2011-12

Syd 02:53 GMT March 30, 2009
George Soros: Britain may have to seek IMF rescue
Reply   
Britain may have to go to the IMF for a huge financial bailout, the influential investor George Soros warns today.

The man who made $1 billion on Black Wednesday in 1992 told The Times that Britain was particularly vulnerable to the economic crisis.

Mr Soros – speaking days after an auction of government bonds failed for the first time in 14 years, ringing alarm bells about Britain’s ability to fund its growing debts – said that Gordon Brown might have to go begging for billions of pounds in international aid. He also warned that next week’s G20 summit in London was the last chance to avert a full-scale depression that could prove worse than that in the 1930s.

LINK

Syd 02:50 GMT March 30, 2009
G-20 Set to Fall Short of Grand Goals
Reply   
http://online.wsj.com/article/SB123836689501467451.html

Syd 02:39 GMT March 30, 2009
DJ Row Heats Up In Australia Over Country's Relations With China
Reply   
SYDNEY (AFP)--A row over Australia's relations with China grew more heated Monday, as the opposition rejected accusations it was playing the race card. Opposition leader Malcolm Turnbull, who heads the conservative Liberal Party, dismissed the claim that he was trying to stir up anti-China sentiment as "contemptible." Turnbull had accused Prime Minister Kevin Rudd, a Chinese speaker and avowed Sinophile, of acting like a "roving ambassador" for Beijing by pressing for China to be given a bigger role in the International Monetary Fund.
The opposition leader also attacked Defense Minister Joel Fitzgibbon's failure to declare two trips to China paid for by a Beijing-born businesswoman. In response, Finance Minister Lindsay Tanner accused Turnbull of "trying to stir up some more 'yellow peril' sentiments, frankly."
"Yellow peril" was a racist term commonly used in the early 1900s, when many Australians feared Asia's large population coveted their country's wide-open spaces and was intent on invading. Turnbull responded Monday by accusing Tanner of avoiding the central issue of the national interest, and raising "specters of racism and casting back to bygone eras."
Tanner's remarks "suggest we should just fall into line with whatever China wants," Turnbull told the Australian Broadcasting Corporation. The debate has been fueled by newspaper reports that two senior Chinese government officials have traveled to Australia for talks with Rudd without local media being informed of the meetings.
The visits - by security and intelligence chief Zhou Yongkang last year and by propaganda chief Li Changchun last week - were reported by Chinese media, but no information was provided locally, the Sydney Morning Herald newspaper said.



Melbourne Qindex 02:04 GMT March 30, 2009
QIndex Trading System

AZUSA 4x-ed 02:00 GMT - Good morning! I am interested to see where EUR/USD would like to settle at the end of the month.

AZUSA 4x-ed 02:00 GMT March 30, 2009
EUR/USD Shorts
Reply   
Thanks Dr. Q! It would seem that we'll have great shorting opps in the next 24 hours… where’dfokarewe should have a blast with his ‘sell.. if goes up... sell another.’

Melbourne Qindex 00:57 GMT March 30, 2009
QIndex Trading System

EUR/USD
Entry: Target: Stop:

EUR/USD : The market is going to tackle 1.3200 again.

Syd 00:52 GMT March 30, 2009
S Korea President: US Dlr Still Considered Base Currency - FT
Reply   
http://www.ft.com/cms/s/0/b199dc66-1c43-11de-977c-00144feabdc0.html

Syd 00:40 GMT March 30, 2009
DJ AUD/USD Still Likely To Collapse To 0.50 - RBC
Reply   
Likely deterioration in Australian trade position expected to hit AUD's recent gains, RBC Capital Markets senior currency strategist Sue Trinh says. Notes "real impact of the global recession has yet to fully hit its external sector" with contract negotiations for key Australian export commodities likely to result in sharp declines in coal, iron ore prices. Expects falls to feed into Australia's monthly trade data from mid 2009 and trade position to return to deficit. This, along with likely further reduction in RBA cash rate to 2.5% and eventual resurgence in USD repatriation flows, means AUD/USD will still trough 0.50-0.53. However, RBC has revised timing of trough to 3Q-4Q from 2Q-3Q given higher AUD/USD starting point following Fed's quantitative easing announcement. AUD/USD now 0.6896

Richmond Dennis 00:13 GMT March 30, 2009
Chinese takeovers of US cities

Regard the source and also the link. It is NOT within HC's power to enact such a deal.

End of story.

Syd 00:02 GMT March 30, 2009
DJ NZD/USD To Fall To 0.4900 By End Of Jun - ANZ
Reply   
NZD/USD will fall to 0.4900 by end of June, 0.4500 by year end, says ANZ National Bank in weekly Focus; "we likewise see a further leg lower against the other majors. The spirit of weakness remains intact." Adds with fiscal policy in a feared credit rating cut straitjacket and monetary policy power diluted by deposit market, NZD only shock absorber left to do work; "given NZ's external position, there is an inevitability about where the NZD needs to head." Says NZD key relative price, circuit breaker to assist economy rebalance; with RBNZ losing traction over borrowing rates, its implicit target, "not that they can admit it", is to get NZD down although this complicated by fact USD faces similar hurdles. NZD/USD last 0.5674

 




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