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Forex Forum Archive for 08/07/2009

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


HK [email protected] 23:30 GMT August 7, 2009
OBAMA PROPAGANDA !!!
Reply   
--------------------------------------------------------------
http://news.yahoo.com/s/ap/20090807/ap_on_bi_ge/us_economy

"The worst may be behind us," President Barack Obama declared.(BTW Did we not hear already this stuff before?) "Today, we're pointed in the right direction."

Still, the job market remains shaky. A quarter-million lost jobs are a far cry from the employment growth needed to put the national economy on solid footing.

When the economy is healthy, employers need to add a net total of around 125,000 jobs a month just to keep the unemployment rate stable. And to push the jobless rate down to a more normal 5 percent range, it would take much stronger growth — at least 200,000 new jobs a month. Economists say it might take until 2013 to drive down the unemployment rate to 5 percent.
-------------------------------------------------------------
Mr. President

You can cheat the people, but you can't cheat their empty stomachs. Hehehehe

Business situation is so bad this time, so you better prepare for soon to come out bad news about the US economy.

It is time to think about selling USD (soon).

And Obama will continue to repeat the above sentences, until one day: BINGO!!! he will(eventually) be right.

GVI Forex john 20:09 GMT August 7, 2009
GVI Forex Analysis

Click on Hyperlinks below for Updated Charts

20:07

 USD

pips

10yr

bp

2yr

bp

Stox

 

pts

USD

 

 

3.86

12

1.30

10

 

 

 

EUR

1.4170

192

3.51

14

1.58

12

DAX

5459

89

GBP

1.6680

106

3.79

5

1.29

0

FTSE

4732

41

 

 

 

 

 

 

 

 

 

 

CHF

1.0820

176

2.07

-2

0.50

-2

SMI

6026

58

JPY

97.51

212

1.44

-1

0.28

0

NIK

10412

24

 

 

 

 

 

 

 

 

 

 

CAD

1.0829

64

3.61

6

1.26

1

TSE

10887

50

AUD

0.8356

47

5.65

-3

4.47

-2

ASX

4299

-27

NZD

0.6719

13

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

CNY

6.83

4

SSEC

3261

-96

 

DJIA

9379

128

Gold

954.20

9.20

HSI

20375

-524

 

S&P

1010

13

WTI

70.79

1.19

 

 

 

 

NAS

2001

28

GVI Forex john 19:39 GMT August 7, 2009
GVI Forex Analysis

NEW! GVI Forex Chart Gallery. Printable FX Charts

Click for Complete Chart Points

7-Aug-09

EURUSD

USDJPY

USDCHF

GBPUSD

USDCAD

Close

1.4169

97.59

1.0828

1.6668

1.0829

High

1.4413

97.78

1.0845

1.6835

1.0866

Low

1.4154

95.05

1.0576

1.6652

1.0756

Mov avgs

EURUSD

USDJPY

USDCHF

GBPUSD

USDCAD

5 day

1.4331

95.56

1.0666

1.6833

1.0752

10 day

1.4248

95.28

1.0719

1.6659

1.0790

20 day

1.4183

94.55

1.0736

1.6530

1.0984

50 day

1.4083

95.51

1.0781

1.6422

1.1195

100 day

1.3752

96.61

1.1037

1.5695

1.1586

200 day

1.3414

95.04

1.1292

1.5190

1.1974

London Gooner 19:05 GMT August 7, 2009
Price Anomalies

makassar alimin
8400 and below becomes long term buy area. Bottoming does not seem complete yet.

makassar alimin 19:01 GMT August 7, 2009
Price Anomalies

Gooner, have you got something for eurgbp? this one is teasing a lot with 0.85 level, still feel that we may drop to 0.8280ish but maybe i am asking too much to see that level

London Gooner 18:50 GMT August 7, 2009
EURAUD
Reply   
EURAUD. Monthly is retesting a multiyear broken resistance,
should now support (include dips below line), also has fibo 1.6875 area.

My biais is that we may bottom this month and uptrend resumes next.

London Gooner 18:47 GMT August 7, 2009
Price Anomalies

London Gooner 18:30 GMT August 4, 2009
DJIA 9192 & 9113 need lower -
--------------------------------------------------
We're close to fibo at 9430 area. Selling some now to work
to anomalies.

Gen dk 18:22 GMT August 7, 2009 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

lkwd jj 17:56 GMT August 7, 2009
profitmaker rules

easier to take money from larger pool(more retail=guppies) than smaller pool(professional= sharks).thank you

Amman wfakhoury 17:50 GMT August 7, 2009
profitmaker rules
Reply   
lkwd jj 17:45 GMT August 7, 2009
--------
according to the most currency pair trading , we do levels
for eurusd which is more than 30% of the world trading, and
gbp.usd which is around 15-18% , eur.jpy which is around 8%
others less than 5%

Amman wfakhoury 17:45 GMT August 7, 2009
profitmaker rule
Reply   
if the price moved against your order , it should touch again your entry level , and that allow you to exit with 0 loss.

try this..just tell me your result.

lkwd jj 17:45 GMT August 7, 2009
profitmaker rule

is there any reason why you dont post trades for usdjpy? my favorite pair. i know cable has better volatility but can fix with larger position in yen.

Amman wfakhoury 17:39 GMT August 7, 2009
profitmaker rule
Reply   
The recent 1hr candle opened at 16691.
if breaks level 16699 buy tp 16724
if breaks level 16672 sell tp 16647

singapore td 17:38 GMT August 7, 2009
short cable
Reply   
Sell gbpusd
Entry: 1.6690 Target: 1.6570 Stop: 1.6738

momentum should take it lower first even if it will go up at later weeks

lkwd jj 17:37 GMT August 7, 2009
observation:eurusd vs gbpusd
Reply   
euro is below 20ma on daily chart but gbp is still above. wouldve thought otherwise after yesterday when uk added to qe as opposed to ecb standing pat.

Viet Nam Forex Begin 17:29 GMT August 7, 2009
Forex Signal : 30 pips Daily !
Reply   
Buy GBP/USD
Entry: 1.6692 Target: 1.6722 Stop: 1.6662

Friday, 07 August 2009 17:29 GMT

Cairo Hesham 17:26 GMT August 7, 2009
cable
Reply   
Buy GBP/USD
Entry: 1.666 Target: 1.735 Stop: 1.655

let us try

Lahore FM 16:53 GMT August 7, 2009
cable

bid D,was stopped a 2nd time but am holding the view long.looking to re enter sometime next week or maybe sooner.

Hong Kong Qindex 16:46 GMT August 7, 2009
QIndex Trading System

Sell EUR/USD
Entry: Target: Stop:

EUR/USD : Speculative selling pressure will increase when the downward trending momentum is strong enough to penetrate through 1.4126 - 1.4137.

Hong Kong Qindex 16:39 GMT August 7, 2009
QIndex Trading System

Sell EUR/USD
Entry: Target: Stop:

EUR/USD : The odds are in favor of maintaining a short position when EUR/USD is settling below 1.4189 in the New York session.

lkwd jj 16:37 GMT August 7, 2009
Friday

no way man.you cannot mail it in on friday, it might be "casual friday" as an abreviation for casualty friday!!l there were times when this was a weekly occurance like the sunday night moves. if i recall correctly it was last year when larry summers shot his mouth off on sundays...

lkwd jj 16:34 GMT August 7, 2009
Videos

maybe now they will give it more attention.

Hong Kong Qindex 16:33 GMT August 7, 2009
QIndex Trading System

EUR/CAD
Entry: Target: Stop:

USA BAY 16:28 GMT : EUR/CAD : The market is going to test the supporting range of 1.5134 - 1.5174. A critical supporting point is located at 1.5299.

tokyo big D 16:33 GMT August 7, 2009
cable
Reply   
Hi FM, what is your opinion on cable. Are you still long and looking for retest of 1.70?

tia

USA BAY 16:28 GMT August 7, 2009
QIndex Trading System

HONG KONG QINDEX,

DR Q, Can you pls share your bias for eur/cad next week. Tia

lkwd jj 16:28 GMT August 7, 2009
Videos

you hit it on the head with 1.6720 levels.. sorry but i dont trade the euro. maybe i should !!

GVI Forex Jay 16:26 GMT August 7, 2009
Videos

For those who watched Al's video from yesterday, he called the risk dead on in the eur/usd for today. We have been asking for feedback on the videos and would appreciate hearing from you. Al has suggested the Help Forum but if you are relucatant to post, you can also send me an EMAIL

Tonbridge AL 16:18 GMT August 7, 2009
Friday

LA you may wish to check out
Tonbridge AL 12:51 GMT June 28, 2009
in the help forum archive

Tbilisi Haan 16:09 GMT August 7, 2009
currency/stocks correlation

true, there was technical grounds for current bearish move. but i think one day market will come to conclusion that strong us economy is $ positive.

makassar alimin 16:07 GMT August 7, 2009
currency/stocks correlation

SFH, would be a total surprise if jpy pairs make 180 degree reversal from here and thus stocks
we just need to be careful as summer vacation is soon to be over in US and new powerful trending move could be on its way

London SFH 16:04 GMT August 7, 2009
currency/stocks correlation


Yes I agree alimim, but the days not over yet...

LA LA 16:03 GMT August 7, 2009
Friday
Reply   
This is the second Friday in a row that we have had fireworks and can no longer take this day for granted.

Hong Kong Qindex 15:57 GMT August 7, 2009
QIndex Trading System

Sell EUR/USD
Entry: Target: Stop:

EUR/USD : The weekly cycle suggests that the market is going to test the supporting range at 1.4140 - 1.4158 - 1.4188.

makassar alimin 15:55 GMT August 7, 2009
currency/stocks correlation

SFH, the way jpy pairs are on steroid, would be hard to imagine stocks back to yesterday's close

HK Kevin 15:49 GMT August 7, 2009
currency/stocks correlation

Tbilisi Haan 15:27 GMT, good observation. May be purely techical. EUR and Cable both make toppish movement and can't break the tendline resistance (1.4415 EUR). Market makers then move on the opposite side.

Tonbridge AL 15:48 GMT August 7, 2009
Videos
Reply   
For those who may be a tad confused then re-running the Thursday link in the videos especially the Eur/Usd may be helpful.
EUR/USD Video

GBP/USD Video


yesterday I requested comments/feedback and these should be posted on the Help Forum

London SFH 15:47 GMT August 7, 2009
currency/stocks correlation


Personally I expect stocks to fall, dow back to last nights close....

Belgrade AS 15:45 GMT August 7, 2009
currency/stocks correlation

nonono...Haan ,corelation exists!!!...you just have to "inflation denominate" it!..if there was no corelation-gbpusd would be 1,6350 by now

Amman wfakhoury 15:30 GMT August 7, 2009
eurusd
Reply   
NYC TH 15:22 GMT August 7, 2009
------
eur usd in buy since 14210 tp 14320
buy another if decline before tp at14130 exit both 14220

manila tom 15:28 GMT August 7, 2009
currency/stocks correlation

the only true followers of stocks are jpy pairs IMHO! stocks up = sell jpy

Tbilisi Haan 15:27 GMT August 7, 2009
currency/stocks correlation

i mean end of correlation period.

Tbilisi Haan 15:26 GMT August 7, 2009
currency/stocks correlation
Reply   
$ ignored bullish stocks today. does it mean that correlation between euro/dollar and stocks together with risk aversion game? if so from now on strong us data shud be considered as bearish for euro and pound. or may be todays movement was purely technical? need your thoughts

GVI Forex john 15:22 GMT August 7, 2009
GVI Forex Analysis

HIGHLIGHTS: Monday sees only key data from Japan. No key releases are scheduled forn Europe or the U.S.

MONDAY:
Far East/Europe:
JA- Current Account- important- Key trade measure. Seen lower.
JA- Machinery Orders- important- Key industrial indicator. Seen about steady.
North America:
No key data due.

Upcoming Major Releases:
TUESDAY
UK- Trade
US- Productivity, Inventories, 3yr auction
WEDNESDAY
JA- CGPI, Industrial Output
UK- Employment
EZ- Industrial Production
CA- Trade
US- Trade, 10-yr Auction, FOMC

23:50

JA

Jun Cur Acct

Cons: -38.9%

Last: -34.3%

23:50

JA

Jun Mach Ords

Cons:+2.9%

Last: -3.0%

NYC TH 15:22 GMT August 7, 2009
eur.usd
Reply   
wfakhoury and lahore fm,

please your thoughts on eur.usd.

Lahore FM 15:11 GMT August 7, 2009
Trade Ideas

Lahore FM 13:43 GMT August 7, 2009
Trade Ideas: Reply
Buy euruad
Entry: 1.7005 Target: 1.80 Stop: 1.6930

long euruad 1.7005,stops 1.6930.target 1.80
--
stops hit for minus 75,long afresh 1.6959,stops shortly.target same.

manila tom 14:55 GMT August 7, 2009
usdjpy
Reply   
so this is the break that is needed for 110 level...

Paris ib 14:47 GMT August 7, 2009
sell xyz/jpy crosses

You are back from the Blue Oyster Bar signore cornuto Baccala already?...

Richland QC Mailman 14:43 GMT August 7, 2009
Trade Ideas

Revdax, I won't be surprised to see euro going back to 1.4175 down to 1.4125 again until Monday. Then we can fire those longs again.

lugano fc 14:41 GMT August 7, 2009
sell xyz/jpy crosses
Reply   
Sell different
Entry: Target: Stop:

people can still play the usd streght of next month via jpy crosses......here are a big big sell.....

Belgrade AS 14:36 GMT August 7, 2009
gbp bear-again

it's spilling sub 1,6715...isn't it?...God censored volatility....and bulls on acid (as lugano would nicely put it!)...see u all next week!

Amman wfakhoury 14:28 GMT August 7, 2009
gbp.usd exit correction
Reply   
Amman wfakhoury 13:02 GMT August 7, 2009
gbp.usd 16780: Reply

------
exit at 16720

Amman wfakhoury 14:27 GMT August 7, 2009
gbp.usd exit
Reply   
Amman wfakhoury 13:02 GMT August 7, 2009
gbp.usd 16780: Reply
-----
it is clear now buy in breaks up this level , sell if breaks it down.

-------
lets exit here 16720 around

HK REVDAX 14:12 GMT August 7, 2009
Trade Ideas

Mailman//The low of euro today, whatever it will be, will likely hold for next Monday....imo

Richland QC Mailman 13:53 GMT August 7, 2009
Trade Ideas

FM, finally eur/aud was caught in your radar my friend. I would like to see how 1.6980 lows will hold today so that next week, I may soon be boarding the same plane. All the best to your position.

Lahore FM 13:43 GMT August 7, 2009
Trade Ideas

Buy euruad
Entry: 1.7005 Target: 1.80 Stop: 1.6930

long euruad 1.7005,stops 1.6930.target 1.80

Tampa LV 13:43 GMT August 7, 2009
GBPJPY
Reply   
GBPJPY aggressively testing the weekly highs, key resistance level to watch is the 6/12 high of 162.58.
Quoting Terry Belkas

Richland QC Mailman 13:35 GMT August 7, 2009
gbp bear-again

Hi ET. Reserve the airbag for more trips to come. Let us select those trips that are safer, under stable weather conditions.

lkwd jj 13:35 GMT August 7, 2009
cable
Reply   
1.6744 still providing support...... but for how long?

Richland QC Mailman 13:24 GMT August 7, 2009
gbp bear-again

I think 1.6825 high on the spike is the fulcrum to the upside. Below it is bearish...

lkwd jj 13:23 GMT August 7, 2009
yen and cable

you were long cable looking for a bounce after yesterday, and we discussed buying usdjpy if it takes out 95.88. albeit cable has come all the way back but it was above 1.6820

Amman wfakhoury 13:23 GMT August 7, 2009
trade safely
Reply   
HK Kevin 13:20 GMT August 7, 2009
--------
with my sys profitmaker you can trade safely even in this hic tic time.

Lahore FM 13:23 GMT August 7, 2009
Trade Ideas

08/06/2009 21:24:14 FM Lahore 3473

Sell clu 9
Entry: 71.77 Target: open Stop: 72.45
sold here.
--
stopped for 68 cents.

HK Kevin 13:20 GMT August 7, 2009
Stay Sideline Today
Reply   
HK [email protected] 23:47 GMT August 6, 2009
EUR/USD: Reply
If one believes in the 1.4700-target for Euro which looks possible, it is suggested that staging points for a rally to this target may be taking place from lower prices.

So price decline for Euro is a real possibility.
If you want to invest in the direction of the Mkt. trend, better take a rest today, or watch the drama from the sideline

The best advice of today.
I just manage not to open new position. The rest of short Cable position from 1.7034 covered at 1.6704. Short NZD stop out at 0.6781 for ~40 pips pips

Lahore FM 13:19 GMT August 7, 2009
yen and cable

jj,what do you mean?

--
usd has got bullish bias.

lkwd jj 13:16 GMT August 7, 2009
yen and cable
Reply   
FM you are 2 for 2 !!!!!

Amman wfakhoury 13:11 GMT August 7, 2009
stop los clean
Reply   
market makers are ready to clean all stop loss ,and make big profit.

Belgrade AS 13:07 GMT August 7, 2009
gbp bear-again

hi Mailman...yes,yes,yes...and again yes!...it's not even my style to "dance" on fridays...but, standing tall and enjoying the fruits of my wednesday madness - i just coudn't resist the moment of major S1 becoming R-intraday...my mistake!
next week i will add on just here....promise

NYC ET 13:03 GMT August 7, 2009
gbp bear-again

Mailman, good thing I don't have an airbag on my desk or it would have opened!

Amman wfakhoury 13:02 GMT August 7, 2009
gbp.usd 16780
Reply   
Amman wfakhoury 12:07 GMT August 7, 2009
gbp.usd: Reply
in weak uptrend till reach 16770
if will turn into uptrend if breaks 16780 by closing 1hr candle above this level

-----
it is clear now buy in breaks up this level , sell if breaks it down.

Richland QC Mailman 12:54 GMT August 7, 2009
gbp bear-again

It is quite a learning experience to stay Vision 20/20 before major economic data release, most especially US payrolls. Just like a huge vessel even the size of Titanic did not survive the unforgiving waves of the ocean, a position even with reasonable exit contingency can simply be a sunken possie in the middle of a torrential market.

Mullum gvm 12:53 GMT August 7, 2009
over reaction
Reply   
pretty silly overaction in HG, CL, AD, JY etc etc etc dont you think?

GVI Forex john 12:39 GMT August 7, 2009
GVI Forex Analysis


Click on chart for five-year history

Belgrade AS 12:34 GMT August 7, 2009
gbp bear-again

stoped out by volatility...pffff

Viet Nam Forex Begin 12:16 GMT August 7, 2009
Forex Signal : 30 pips Daily !
Reply   
Buy GBP/USD
Entry: 1.6759 Target: 1.6789 Stop: 1.6729

Friday, 07 August 2009 12:16 GMT

Amman wfakhoury 12:07 GMT August 7, 2009
gbp.usd
Reply   
in weak uptrend till reach 16770
if will turn into uptrend if breaks 16780 by closing 1hr candle above this level

Juffair KaL 11:43 GMT August 7, 2009
Cable forecast



EURGBP is a good buy for 2-3 days

Gen dk 11:41 GMT August 7, 2009 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Juffair KaL 11:27 GMT August 7, 2009
Cable forecast



GBPCAD south bound for a while

50 hrs forecast

Juffair KaL 11:22 GMT August 7, 2009
Cable forecast



2 weeks
for cable

Juffair KaL 11:21 GMT August 7, 2009
Cable forecast
Reply   


Next 50 hrs of trading

GVI Forex john 11:09 GMT August 7, 2009
GVI Forex Analysis

Worse than expected..

Canada jobs

warsaw TOMi 10:59 GMT August 7, 2009
Cable

cable on a stable downward path to 16661.
resistances 6780 - 6868 - and critical for this view at 6900.

Belgrade AS 10:53 GMT August 7, 2009
Cable

R1=1,7040 , R2=1,7330

Juffair KaL 10:43 GMT August 7, 2009
Cable
Reply   
cable from around here seems wants 1.630 area
I think more north into 1.75 then done
for 1.52

I don't know what da swing guys think here

Belgrade AS 10:36 GMT August 7, 2009
gbp bear-again

to Hesham , by the way....yesterdays move's Fibo Ext.61,8=1,6715 will be "make or brake" place....let's hope for a nice spill,haha

Gen dk 10:23 GMT August 7, 2009 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

GVI Forex john 09:49 GMT August 7, 2009
GVI Forex Analysis

Click on Hyperlinks below for Updated Charts

9:45

 USD

pips

10yr

bp

2yr

bp

Stox

 

pts

USD

 

 

3.74

0

1.20

0

 

 

 

EUR

1.4357

5

3.38

1

1.47

1

DAX

5344

-26

GBP

1.6723

63

3.68

-6

1.24

-5

FTSE

4650

-41

 

 

 

 

 

 

 

 

 

 

CHF

1.0652

8

2.07

-2

0.50

-2

SMI

5911

-58

JPY

95.12

27

1.44

-1

0.28

0

NIK

10412

24

 

 

 

 

 

 

 

 

 

 

CAD

1.0813

48

3.55

0

1.25

0

TSE

10793

-44

AUD

0.8355

48

5.65

-3

4.47

-2

ASX

4299

-27

NZD

0.6707

1

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

CNY

6.83

4

SSEC

3261

-96

 

DJIA

9256

6

Gold

958.49

4.91

HSI

20375

-524

 

S&P

997

0

WTI

71.25

0.73

 

 

 

 

NAS

1973

0

Belgrade AS 09:48 GMT August 7, 2009
gbp bear-again

i know...we spoke a lot about this on wednesday...best of luck !

Cairo Hesham 09:45 GMT August 7, 2009
gbp bear-again

To As: I agree with u

Belgrade AS 09:39 GMT August 7, 2009
gbp bear-again
Reply   
Sell gbp
Entry: 1,6740 Target: 1,6650/1,6350 Stop: 1,6810

well,well...old support quickly became resistance(1,6740)...if this add-on works out,my wednesday shorts will remain until end of september or 1,5800-whichever comes first.
cheers

Viet Nam Forex Begin 09:25 GMT August 7, 2009
Forex Signal : 30 pips Daily !
Reply   
Buy GBP/USD
Entry: 1.6739 Target: 1.6769 Stop: 1.6709

Friday, 07 August 2009 09:25 GMT

Syd 09:08 GMT August 7, 2009
England, Wales Company Liquidations, Insolvencies Soar In 2Q
Reply   
The number of company liquidations and individual insolvencies in England and Wales soared to series highs in the second quarter as the economy was throttled by recession and the global credit crisis, data from the government's Insolvency Service showed Friday.http://www.insolvency.gov.uk/

MONACO OGA 08:57 GMT August 7, 2009
FX Update August 7th
Reply   
Good morning,

Data out today (Monaco time):

10.30 UK PPI core output mm July expected 0.2%
10.30 UK PPI input mm July expected -0.7%
10.30 UK PPI output mm July expected 0.1%
14.30 US NFP July expected -100K
14.30 US unemployment rate mm July expected -320K

***EUR***
EUR/USD (currently 1.4360), USD recouping some of the ground lost last week as 1.4440 resistance proved too strong to be broken so far.
Furthermore, stocks and commodities retraced, which helped the USD.
Price action suggesting a gradual rise, with higher lows and higher highs.
Some buying interest is likely to appear in the 1.4250-1.4300 zone, while 1.44 sounds like a good level to sell EUR.
Watch out for NFP data later today. We remain neutral today.

***JPY***
USD/JPY ( 95.25) accumulating momentum inside tight 94.50 / 95.50 range.
For the time being, we gave up the strategy of carry trade unwinding, with USD/JPY propped up by stock indices and return of risk appetite.
EUR/JPY (136.60) retracing lower after almost printing 138 yesterday (137.96 high)
Expecting trading range 136 - 137.60.
TRADING IDEA : SHORT USD/JPY 95.50 (STOP 95.80 TAKE PROFIT 94.80)

***GBP***
Cable (1.6730), GBP was the main mover yesterday after BOE surprised the market by adding another 50 Bio GBP of quantitative easing.
Cable lost 1.20% . Support zone around 1.67, lower opens way towards 1.65. Resistances at 1.6830 and 1.6890.
EUR/GBP (0.8585), gained one point and reversing the recent downtrend.
Its likely that EUR/GBP will test 0.8650 in the short term.
TRADING IDEA : SHORT GBP/USD 1.6830 (STOP 1.6920 TAKE PROFIT 1.6500)
TRADING IDEA : LONG EUR/GBP 0.8560 (STOP 0.8500 TAKE PROFIT 0.8650)

*** CHF***
USD/CHF at 1.0640, support above 1.06, resistance around 1.08
EUR/CHF 1.5295 stable

***XAU+OIL*** XAU(961) lost 5$ on a recovering USD
OIL at 71$

Have a great weekend !

PAR 07:57 GMT August 7, 2009
Improving Us Economy ?
Reply   
Fannie Mae seeks $10.7B in US aid after 2Q loss

By ALAN ZIBEL
AP Real Estate Writer


AP:WASHINGTON) Fannie Mae plans to tap $11 billion in new government aid after posting another massive quarterly loss as the taxpayer bill from the housing market bust keeps growing.

The mounting price tag for the rescue of Fannie and its goverment-sponsored sibling, Freddie Mac, is surpassed only by insurer American International Group Inc., which has received $182.5 billion in financial support from the government so far.

Fannie Mae's new request for $10.7 billion from the Treasury Department will bring the total for Fannie and Freddie to nearly $96 billion. Freddie is expected to report its quarterly results on Friday.

The government has pledged up to $400 billion in aid for the two companies, which play a vital role in the mortgage market by purchasing loans from banks and selling them to investors. They have been under government control since last September, when their near-collapse helped set off the financial crisis.

Together, Washington-based Fannie and McLean, Va.-based Freddie own or guarantee almost 31 million home loans worth about $5.4 trillion. That's about half of all U.S home mortgages

Varna GV 07:16 GMT August 7, 2009
euro
Reply   
Sell eur/usd
Entry: Target: Stop:

On 14/08/2009( Friday) there will be a Sun-Jupiter opposition,watch out for a big drop in stock market on that day and the day after!!
Good luck and good trade for all!!!

tallinn viies 06:59 GMT August 7, 2009
eurusd
Reply   
from ifr:
Shorter Dated EUR/USD Downside Buyer ] London, August 7. 1wk
EUR/USD 1.4100 EUR puts were paid up today in Tokyo at 12.85 (New York cut). The
recent spot setback prompting a small pick up in EUR put demand generally, but it
seems the market is still biased to the topside given the shorter dated EUR calls
bias on the risk reversals and the continued outright buying of high strikes in
the 1.4500-1.4600 area. 1 week 1.45"s were paid up yesterday in good size from
12.8-13.0 and a 2 week 1.4590 at 12.5. The benchmark 1mth 25 delta risk reversal
is 0.45/0.7 EUR calls - the contract peaked 0.75 in good size Monday as spot
initially tested 1.4550 barriers, but has eased since on the inability to break
higher.

tallinn viies 06:57 GMT August 7, 2009
eurusd
Reply   
after week long euro bulls party first signs are here to say short term top has formed and euro could correct down to 1,4000. selling euros today is my preffered strategy, stop over 1,4435. target today 1,4250/55.

Cairo Hesham 06:07 GMT August 7, 2009
QIndex Trading System

To Dr. Q: Thank u so much

Hong Kong Qindex 06:05 GMT August 7, 2009
QIndex Trading System

GBP/USD
Entry: Target: Stop:

GBP/USD : the current expected trading range is 1.6623 - 1.7062.

Hong Kong Qindex 05:38 GMT August 7, 2009
QIndex Trading System

GBP/USD
Entry: Target: Stop:

Cairo Hesham 03:51 GMT - GBP/USD : I will update my webpage in an hour.

Syd 05:13 GMT August 7, 2009
OECD Official: Asset Bubble Already Taking Place In Asia
Reply   
Organization for Economic Cooperation and Development Deputy Director of Financial Affairs Adrian Blundell-Wignall said Friday an asset price bubble is already taking place in Asia, raising the prospect of inflation ahead."The asset bubble has already re-ignited...we've got the perfect carry trade at the moment," he said at a function in Sydney.

"Where can you borrow at zero, invest in better fundamentals and have no exchange rate risk because they manage their exchange rates? The answer is Asia," he said.

And as borrowing of Asian currencies increase as investment in these markets increases, monetary authorities in these economies will start rebuilding global holdings of foreign exchange reserves.

"Can (China) allow the equity market to get back up to where it goes back off the page? Because that's going to be a problem for them if they allow that to happen," he said.

"And then inflation becomes the next current threat."

He said asset inflation in Asia has already taken off as seen in house prices in Hong Kong and Singapore.

Cairo Hesham 03:51 GMT August 7, 2009
QIndex Trading System

To Dr. Q: thank u so much. Can I know ur view about the cable?

Cairo Hesham 03:50 GMT August 7, 2009
QIndex Trading System

To Dr. Q: thank u so much. Can I know ur view about the cable?

Hong Kong Qindex 03:37 GMT August 7, 2009
QIndex Trading System

Sell EUR/USD
Entry: 1.4356 Target: 1.4266 Stop: 1.4385

A suggested trade.

Hong Kong Qindex 03:32 GMT August 7, 2009
QIndex Trading System

Sell EUR/USD
Entry: Target: Stop:

EUR/USD : As shown in the monthly cycle charts the market is stable when it is above the critical level at 1.4266 - 1.4306. It is likely that the market will vibrate around 1.4306 with an expected magnitude of 1.4200 - 1.4412. I would assume a trading range of 1.4266 - 1.4381 for the time being. The odds are in favor of taking a short position when the market is below the weekly cycle pivot center at 1.4373.

HK [email protected] 03:24 GMT August 7, 2009
------
Reply   


Out for a rest the market has fainted.

HK [email protected] 03:13 GMT August 7, 2009
Patience is needed right now.
Reply   
I think that waiting for the 1.4040 mentioned on the video about Euro: Tonbridge AL 22:59 GMT August 6, 2009
Could be a nice idea. That too fits well as an excellent staging point for a new rally to 1.4700, because it serves as another
split-deflection point(take or break), so why should the market not go there to rip off some few more traders.
Patience is all what is needed now.

Hong Kong Qindex 02:53 GMT August 7, 2009
QIndex Trading System

EUR/USD
Entry: Target: Stop:

EUR/USD : the current expected trading ranges are 1.4306 - 1.4329 - 1.4370 - 1.4407.

Sapporo Misawo 02:19 GMT August 7, 2009
Roubini Says Global Stock Rally Due for Correction, the Australian Financial Review Says
Reply   
Roubini Says Global Stock Rally Due for Correction, the Australian Financial Review Says

Syd 01:53 GMT August 7, 2009
Cautious RBA Stamps On '09 Rate Hike Views - Macq
Reply   
RBA's cautious optimism should serve to dilute fiery expectations for rate hikes by end 2009, though their revised higher forecasts resemble position held in February, says Macquarie Economist Benjamin Dinte. "They have definitely become very optimistic since their May statement, but at the same time, these forecasts look very similar to the numbers they had back in February, if not slightly weaker." Expects rates to stay low for some time; "2009 may prove too early, it's looking more likely early 2010."

‘a nod’s as good as a wink to a blind horse’.

Syd 01:16 GMT August 7, 2009
$aud
Reply   
Mtl JP 01:09 GMT Rudd has thrown everything & the kitchen sink at the economy, with little or nothing left for the rainy days on the horizon <:-)))

Mtl JP 01:09 GMT August 7, 2009
Aussie Jobs Much Weaker Than Suggested - Macq

SYD one more such data point and we ll have a trend line... and make it high odds bet next RBA move will be to hike interest rates.

Syd 00:41 GMT August 7, 2009
China Construction Bank: To Cut 2H New Loans 70% - Bloomberg
Reply   
CCB to Reduce New Lending by 70% as Risks ‘Evident,’ Zhang Says
http://www.bloomberg.com/apps/news?pid=20601087&sid=aY_sYglm7xEg

Syd 00:15 GMT August 7, 2009
Aussie Jobs Much Weaker Than Suggested - Macq
Reply   
Devil is in the detail of Australia's jobs data, which despite a strong headline figure, hours worked component has fallen 0.4% in July and 2.9% over past year, while full-time employment has dipped 2.4%. "Thus, the labor market is significantly weaker than is suggested by just looking at the level of employment, either total jobs or full-timers alone." Says macroeconomics effect of firms cutting hours means downward pressure on spending power. "Importantly, the 3% drop in aggregate hours worked over the past year suggests the current episode is closer to the experience of the savage early-1990s recession than is suggested by either the limited fall in full-time employment or the limited rise in unemployment." As such, says RBA will be cautious.

Australia Performance Of Construction Index -3.1 Pts In July
Australia's construction sector declined for the 17th consecutive month in July, dragged down by weaker apartment and engineering activity that snuffed out a rise in house building, a performance gauge produced by an industry group published Friday shows. Bad news on the jobs front too, with the employment sub index in July tumbling 5.5 points to 40.8.

Mrs Watanabe Goes Long JPY - Westpac
"Mrs. Watanabe goes long JPY - has the world gone topsy turvy?!," says Westpac FX Strategist Sean Callow, noting Japanese retail accounts on Tokyo Financial Exchange have gone long JPY in aggregate this week, for their shortest FX position since TFX began keeping records. Notes retail investor AUD/JPY exposure had recently pushed above 100,000 contracts long, but is now nearer 10,000. "The slashing of the record AUD/JPY long has been much more aggressive than the bone crushing liquidation of Mrs. Watanabe's long carry position in 3Q 2008." Says recent discussions about higher FX margin requirements have been one factor behind liquidation of long FX/short JPY positions.

 




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