Forex Forum Archive for 07/22/2008

ABHA FXS 23:06 GMT July 22, 2008
Long gbpchf 2.0530 added 2.0478 tp 2.0620/2.0700

Ft. Lauderdale gb 23:04 GMT July 22, 2008
closed out all AUD/USD longs for a handsome profit, now I am out, see you all Thursday, taking off tomorrow

Syd 23:01 GMT July 22, 2008
AUD/USD looks vulnerable ahead of CPI data at 21:30 EDT: Traders point out that the RBA has made it quite clear that it does not plan to respond to a strong inflation reading with another rate hike (as it looks for weaker demand to put a lid on price pressures by year end)
- Reminder: The RBA expects headline inflation to be above its 2%-3% target band until mid-2010, and considers current policy settings consistent with that view
- Markets will now start wondering when the RBA will first cut rates.

Syd 22:42 GMT July 22, 2008
NZD/USD looks vulnerable at the start of the Asian session: Traders see heavy selling at 0.7600, and don't expect this level to be breached ahead of the Aussie CPI data at 21:30 EDT; Downside looks big, with stops at 0.7570 that could be triggered if we see a soft Australian CPI result

Syd 22:25 GMT July 22, 2008
Dow Jones] AUD/USD under some pressure on significant pullback in commodities prices and hawkish comments from Fed in offshore trade. ANZ senior currency strategist says focus on 2Q CPI due 0130 GMT with support for pair at 0.9660 with resistance at 0.9740. A major correction in commodities, stronger USD now significant backdrop for AUD. Notes uncertainty also surrounding CPI figures, which could provide some volatility for AUD trade on data release.

London Gooner 22:08 GMT July 22, 2008
LKWD JJ 21:36 GMT July 22, 2008
-
Think you are trading a triangle in eurgbp daily.
I am not at ease longing eurgbp unless a daily close above 0.8025 as it has not happened since april despite attenpting a failed break of triangle upside this month.
My biais is a cliff fall in this pair.

Ft. Lauderdale gb 21:51 GMT July 22, 2008
miami 18:03 GMT July 22, 2008
Ft Lauderdale:
Do you have msn?
-----------------------------------
sorry for late replies, had to run some errands, and no I do not have MSN (you mean instant messenger I assume), never got into it myself, have email, but cannot publish as it is against board rules

Ft. Lauderdale gb 21:42 GMT July 22, 2008
euro Skeptic 18:20 GMT July 22, 2008
Never knock a doomsayer on this forum gb
------------------------------------------------------------
euro Skeptic, I never knock anyone, just tried to bring a bit of balance to this board that is all, lol

also, my long AUD/USD longs are now deep in the money and the money train is still chugging

Syd 21:41 GMT July 22, 2008
IMF Lipsky: China Yuan Remains `Substantially Undervalued'
22 Jul 2008
IMF Lipsky: Euro Now Overvalued Vs Medium-Term Fundamentals

LKWD JJ 21:36 GMT July 22, 2008
longing eurgbp again 7925 stops @05 .

Syd 21:09 GMT July 22, 2008
Dow Jones] NZD/USD will remain heavy despite managing to limit downside momentum overnight, says ANZ Bank; expects 0.7550 to attract attention ahead of tomorrow's RBNZ rate decision as later in week large option strikes below this level roll off. Tips imminent test of 0.7540, last 0.7597. "Commodities, led by oil, have continued to free fall and must exert a gravitational pull on the AUD and the NZD."

Syd 21:05 GMT July 22, 2008
Charts suggest near term outlook for EUR/USD is bearish, says Brown Brothers Harriman; "Besides being an outside down day, EUR/USD also closed below the 20-day moving average, something we haven't seen since June 23." Adds 5-, 20-day moving averages also look like they're about to cross on downside, meaning near-term outlook for euro is bearish; adds while 1.5760 offering some temporary support, break of this level would target 1.5670, then 1.5580 - all of which are retracement levels of June-July rise. Pair last 1.5783 early in Wellington vs 1.5778 late in New York overnight.

Syd 20:39 GMT July 22, 2008
Oil speculation bill reportedly passes a US Senate procedural milestone
Fed Discount Rate Minutes: Dallas and Kansas City banks voted for discount rate hike-
IMF's Lipsky: Euro now overvalued compared to medium term fundamentals, Deterioration in inflation expectations are potentially a serious global risk
- Lipsky also notes that emerging economies have fallen behind in monetary policy tightening.
- Substantial USD depreciation is helping reduce the US current account deficit.
- Also notes that the Chinese currency is still 'substantially undervalued'
Fed's Plosser Notes that a rate hike must come before any employment turnaround- remarks that the credit facilities from the Fed are not inflationary, and price expectations are shaky yet stable
Fed's Plosser: Inflation is too high; Fed officials must back up their words with action
- Fed should raise rates sooner than later
- Loss of confidence in the Fed boosts price expectations
- Shouldn't wait for economic turnaround to raise rates
- Inflation will slow if the Fed sets the right rate
- The Fed's "very accommodative" rate stance must be reversed
- Sees a rise in unemployment and sluggish growth in 2H

LKWD JJ 20:38 GMT July 22, 2008
they abviously were selling hedging more than they owned or else they wouldve delivered against. why do that?

GVI Forex john 20:35 GMT July 22, 2008

LKWD JJ 20:29 GMT July 22, 2008
looking at the 2yr chart of uk-gbp spreads , theres no reason why the eur-gbp is not closer to 80

Sandton RSA 20:00 GMT July 22, 2008
The Netherlands Purk 19:31 GMT July 22, 2008 Go to:
http://www.youtube.com/watch?v=UwMA8EP2GKM or better still buy the DVD. Forget the gararge band. 8-)

The Netherlands Purk 19:31 GMT July 22, 2008
Herman Brood: still believe i can win. Its a Cloggy thing. Might google it, maybe some of you like the music.

If this was a money day, e/u would go back to the lows of today...

The Netherlands Purk 19:27 GMT July 22, 2008
Well my platforms low in aud/usd was... 9685... but day not over yet... but how nice of Dick to honour the 9685. If this gets a follow up than 9642 is next, or 9742... I believe we are in a two way market for a while from now.

Vilnius Val 18:58 GMT July 22, 2008
What was a reason for so dip correction today ? Cannot believe it was verbal FED Plosser intervention.

Alaska Moon 18:41 GMT July 22, 2008
BIG.....LOL...!!!

Amman wfakhoury 18:37 GMT July 22, 2008
madrid 18:31 GMT July 22, 2008
-----
they are not using my signals.

madrid 18:31 GMT July 22, 2008
NEW YORK, July 22 (Reuters) - A massive $3.2 billion trading loss on oil futures and derivatives sank high flying energy trader SemGroup LP, which at one time billed itself as the 14th-largest private company in the United States. guardian.co.uk!

Amman wfakhoury 18:27 GMT July 22, 2008
USA BAY 18:20 GMT July 22, 2008
Amman Wfakhoury,

Your view on eur/chf and gbp/chf pls, thanks for chf/jpy.

=========
eur.chf is headin twd 16220 first then 16195 sell and sell anothe if rise..no s/l to be used.

US SW 18:24 GMT July 22, 2008
we still believe that the eurusd is still on the move to higher highs...with the the central banks all raises or most raising rates..the dollar will continue weakening until the FED starts raising rates...next level to test is 16105 Gl all

US SW 18:21 GMT July 22, 2008
[SUMMER READING - FED'S BEIGE BOOK] On Wednesday, the Fed publishes its Beige Book on anecdotal economic activity around the country in prep for their Aug-5 FOMC meeting. Key to see if economic conditions on net look worse relative to Fed's Bernanke's recent testimony -i,e. there is 'significant" downside risks to the growth outlook. The last Beige Book from June 11th noted economic activity remained "generally weak", with slower consumer spending on higher energy costs, manufacturing as 'soft" and housing "weak" across most of the country. Nonresidential was "mixed" though while lending activity was "varied" but 'softer" for consumers. It will be interesting to see if the Book notes tighter lending standards adding to the housing market crunch and problem loans spreading up the credit quality ladder to more prime borrowers as JPM noted this week.

dc CB 18:21 GMT July 22, 2008
Yes we are in a deep recession. No limo take a taxi :))))

Merrill Lynch: Private jets grounded for Merrill’s top brass - FT

FT reports Merrill Lynch has sharply cut the use of private jets among its senior managing directors by requiring them to obtain direct clearance from the global head of investment banking to hire one and to demonstrate there is no more efficient means of transport. The new policy is part of a drive by the Wall Street bank to reduce administration and non-payroll expenses. By bearing down on these costs, Merrill aims to give itself the scope to limit lay-offs and pay better bonuses to top performers, even as the economic slowdown eats into investment banking revenues. The restrictions on flying by private jet are also meant to demonstrate that the firm's top brass must set an example to the rank and file in tightening belts. Other changes include requiring bankers to travel by taxi rather than limousine and reduced allowances for dinner on the job.

USA BAY 18:20 GMT July 22, 2008
Amman Wfakhoury,

Your view on eur/chf and gbp/chf pls, thanks for chf/jpy.

euro Skeptic 18:20 GMT July 22, 2008
Never knock a doomsayer on this forum gb

Amman wfakhoury 18:19 GMT July 22, 2008
eur.usd is heading twd 15830 then will decline again.

Mtl JP 18:15 GMT July 22, 2008
Ft. Lauderdale gb 20:35 July 21 / re "I am sorry but I just cannot sit by while a bunch of doomsayers dominate the discussion here."
- why, but WHY apologize ?

There is good money to be made playing off the Paulson communist interventionists even as they throw up barriers to selling while putting no limits on buying pigs with which they make it appear as if they are keeping close company in an attempt to impart some percieved quality and get suckers to bid.

You might want to note that perceptions of whose reputation / stink may rub off onto who is a bi-directional vector. (ref my 11:18 July 14)

US SW 18:13 GMT July 22, 2008
Long eurusd 15780 tp 15910

Amman wfakhoury 18:11 GMT July 22, 2008
sure trade 99.875%
------------------
audusd is heading twd 9760 buy and buy another if decline
no s/l to be used.

Amman wfakhoury 18:08 GMT July 22, 2008
AUD/USD
is heading twd 9760 buy and buy another if decline.

miami 18:03 GMT July 22, 2008
Ft Lauderdale:

Do you have msn?

Ft. Lauderdale gb 17:17 GMT July 22, 2008
added additional long positions to AUD/USD .9691

Napoli DC 17:03 GMT July 22, 2008
lugano fc 20:49 GMT July 21, 2008
your holydays sounds better
hats off

Vilnius Val 16:53 GMT July 22, 2008
US SW, I suppose some more range trading for rest of July-August. 1.5618-1.6 for Eur/Usd looks realistic. No direction at the moment, speculations driven market

US SW 16:48 GMT July 22, 2008
Vilnius Val 16:36 GMT July 22, 2008
My target is very conservative - 1.5815 for close.

were do you plan on selling again???

Vilnius Val 16:36 GMT July 22, 2008
My target is very conservative - 1.5815 for close.

euro Skeptic 16:27 GMT July 22, 2008
Beware of catch a falling knife, val.

LKWD JJ 16:27 GMT July 22, 2008
LKWD JJ 16:27 GMT July 21, 2008
Subject:
LKWD JJ 20:08 GMT July 20, 2008
buying eurgbp here with stops 9704.
----------------------------
raising stops to 25 on half .out of half @65 limits
----------------------------
stopped on other half.

Vilnius Val 16:25 GMT July 22, 2008
Bought again 1.5772

Vilnius Val 16:11 GMT July 22, 2008
Bought EUR/USD 1.5790

Ft. Lauderdale gb 16:05 GMT July 22, 2008
added to long AUD/USD position, avg. now .9711

London Gooner 16:02 GMT July 22, 2008
The Netherlands Purk 15:45 GMT July 22, 2008
-
Even your 0.9555555555555 is technically not out of reach next few sessions.

Ft. Lauderdale gb 15:56 GMT July 22, 2008
US SW 15:54 GMT July 22, 2008
Ft. Lauderdale gb 15:24 GMT July 22, 2008
--------------------------------------------------
US SW, we sure did, big time :-) best of luck in all your trades

US SW 15:54 GMT July 22, 2008
Ft. Lauderdale gb 15:24 GMT July 22, 2008

we hung in there didn't we :) GL

The Netherlands Purk 15:45 GMT July 22, 2008
Patience: aud/usd wants to see 9685.

Ft. Lauderdale gb 15:45 GMT July 22, 2008
bought AUD/USD long here

Vilnius Val 15:37 GMT July 22, 2008
Looks like good time to buy EUR/USD back. For rettacement to 1.5860

US SW 15:30 GMT July 22, 2008
US SW 14:42 GMT July 22, 2008
eurusd may test 158oo this session do to margin longs..getting sqeezed

done...option pressure..will push it upp from here...but not significant

US SW 15:29 GMT July 22, 2008
the eurusd should retrace here...gl all

isr jweb 15:24 GMT July 22, 2008
mman and gracias for your chf-jpy

Ft. Lauderdale gb 15:24 GMT July 22, 2008
left a small fortune on the table with my USD/CHF longs, oh well, profit is better than not profit, at least it is rewarding to see my theory about that pair was spot on, lol

isr jweb 15:23 GMT July 22, 2008
The Lord is benovelent and very kind. Gracias

US SW 14:50 GMT July 22, 2008
The IMF's [LIPSKY] has pressured [EUR/USD] to session lows after noting that the Euro is now overvalued, relative to medium-term fundamentals. Spec bids into the 1.5850-60 have been taken out as the pair heads lower, however strong support is emerging around 1.5820.

US SW 14:42 GMT July 22, 2008
eurusd may test 158oo this session do to margin longs..getting sqeezed

The Netherlands Purk 14:39 GMT July 22, 2008
Well done Sandman.

Amman wfakhoury 14:27 GMT July 22, 2008
Amman wfakhoury 16:10 GMT July 21, 2008
no worry eur.usd and gbp.usd will decline.
=======
well done

Amman wfakhoury 14:27 GMT July 22, 2008
Amman wfakhoury 18:09 GMT July 21, 2008
USA BAY 16:55 GMT July 21, 2008
Amman Wfakhoury,

Any idea on chf/jpy please. Tia

-------
may rise 10-20 pips then decline till 104.30
==========
well done

The Netherlands Purk 14:27 GMT July 22, 2008
And again, and someone here from Oz points it out many times and moons: aud/usd is no daytrade, it is a patience thingy.

The Netherlands Purk 14:21 GMT July 22, 2008
Again aud/usd at a point here: can jump from 9726-9685, again.... lets see.

Ft. Lauderdale gb 14:09 GMT July 22, 2008
closed all remaining USD/CHF longs, nice day overall, wowza

US SW 14:06 GMT July 22, 2008
short term support eurusd 15830

Stockholm za 14:05 GMT July 22, 2008

USD/ZAR still on auction.
EUR/USD is censored …
Delta`s OK..
Value at risk……….
And the Coin System is still the best…

Ft. Lauderdale gb 14:02 GMT July 22, 2008
closed balance of all Eu/USD shorts for monster gains, closed about half of my USD/CHF longs for obnoxious gains, I love it when a plan comes together (credit: George Peppard in the A Team circa 1978)

London wt 13:43 GMT July 22, 2008
audusd playing the laggard.

US SW 13:28 GMT July 22, 2008
Maribor 12:21 GMT July 22, 2008


Another Great Call by the Pro....

PAR 13:02 GMT July 22, 2008
RANKFURT (Dow Jones)--European Central Bank officials now warn that it may take longer than supposed for the euro-zone to limp out of a weak second quarter.
ECB executive board member Lorenzo Bini Smaghi and ECB governing council member Klaus Liebscher, speaking in separate interviews published Tuesday, acknowledged that earlier expectations might have to be amended.
"It could be that recovery takes more time," Bini Smaghi told the Italian daily La Stampa, when asked about the outlook for the fourth quarter. He added that the ECB has always said there were downside risks to its growth forecasts.
Liebscher said the ECB expects weaker euro-zone growth of around 1.7%-1.8% this year.
"The problem is 2009, when growth weakens (further)," Liebscher said in an interview with Austria's Salzburger Nachrichten newspaper. Liebscher is also governor of Austria's central bank. This doesn't foretell stagflation, he added, "but downward risks are predominant."
The comments contrasted somewhat with comments by ECB President Jean-Claude Trichet, who as recently as last week said he still believed in a pickup in demand later this year.
In June the ECB projected range midpoint growth of around 1.8% this year and 1.5% in 2009. Those projections assumed an oil price of $113 per barrel this year and $117.7 next year. On Tuesday, the going price for brent spot is above $131.
"These comments continue to suggest that the next set of ECB staff projections will feature further downward revisions to the ECB/Eurosystem growth projections," Nick Matthews at Barclays Capital said.
Barclays expects the revisions to come in at 1.6% for this year, and 1.3% for 2009. The next ECB staff projections will be released following the policy meeting Sept. 4.
Bank of America's economists have slashed their 2009 forecast for euro-zone growth to 1.1% from 2.2% in April. The bank attributed the revision primarily to the spike in oil prices, a "grossly overvalued" euro.
"There is a serious risk that the temporary pause in growth could be deeper or more protracted," economists Gilles Moec and Holger Schmieding said in a research note.
They also noted that relative to the euro-zone business cycle, "monetary conditions are currently at their most restrictive level since the start of monetary union in 1999."
In July, the ECB hiked the policy rate by 25 basis points to 4.25% to offset future inflationary pressures.
But this week's EECB speakers also were heard to be putting inflation more into perspective.
Liebscher said in his interview that around two-thirds of the euro-zone's current 4% inflation rate is being generated by higher oil and food prices, and acknowledged that monetary policy can't temper global prices of commodities.
Bini Smaghi said that the July hike has already produced a "visible benefit" on inflation expectations, hinting the ECB may not have to raise rates again to rein in expectations.
Their comments come in the wake of a number of output and sentiment indicators indicating that many European economies are faced with stagnation or worse this summer.
"Almost all leading economic indicators for the euro zone point to a severe slowdown in growth already as record oil prices, an overvalued euro and a major rise in borrowing costs associated partly with global financial turmoil take their toll," Moec and Schmieding said.
Economists now are keying on the announcements Thursday of July results of the euro-zone Purchasing Managers Index data and German Ifo institute sentiment index. Both are expected to register further declines.
The data "are likely to reinforce concerns that, even in the absence of significant economic imbalances, the euro zone is slowing sharply," John Higgins at Capital Economics said.
-By Monica Houston-Waesch; Dow Jones Newswires; +49 69 29 725 520; nikki.houston@dowjones.com

Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http://www.djnewsplus.com/al?rnd=QA5Or9%2BdFTmIOp%2FOWRu4fw%3D%3D. You can use this link on the day this article is published and the following day.


(END) Dow Jones Newswires
July 22, 2008 08:59 ET (12:59 GMT)
Copyright (c) 2008 Dow Jones & Company, Inc.

COUNTRY:R/EC R/EU
SUBJECT:N/DJCS N/CMDI N/DJG N/DJI N/DJIV N/DJEI N/DJMO N/DJN N/DJSN N/DJWB N/EUCM N/OSFR N/BON N/CBK N/DJS N/DJSS N/DJWI N/ECB N/EEC N/EMU N/FCTV N/TSY
SERVICE:K/20080722008237
CURRENCY:M/NND

US SW 13:00 GMT July 22, 2008
this could be the Bottom Folks...Time to start your engines....bought the usdjpy 10650

Ft. Lauderdale gb 12:54 GMT July 22, 2008
Posted on Tuesday, July 22, 2008, 12:00AM
NEWS AT A GLANCE
U.S. looking at Fannie, Freddie books

Paulson said Fannie and Freddie have adequate cash reserves to withstand further drops in the housing market, and that the audit will reassure the markets.

http://finance.yahoo.com/expert/article/business/95159
---------------------------------------------------------------------------
people in the know may be anticipating a rather glowing audit report and perhaps that may be why we are seeing strong dollar improvement across the board, opinon only of course.

Como Perrie 12:48 GMT July 22, 2008
Amounts at stake for GSE are some 436 billions Usd plus some additonal losses..some several billions

Como Perrie 12:46 GMT July 22, 2008
Paulson reiterated plan on GSE

tomorrow the House in US is going to vote onto...some politicians have warned about a veto.. so gloomy yet the whole


good for pipping

The Netherlands Purk 12:45 GMT July 22, 2008
Closed my last short cable for the rest of the pips.

Ft. Lauderdale gb 12:33 GMT July 22, 2008
closed about half of my EU/USD shorts from yesterday and will hold the balance till more profit (hopefully) shows up today as this pair descends, holding all my USD/CHF longs from yesterday for anticipated massive gains today or tomorrow, we shall see

The Netherlands Purk 12:30 GMT July 22, 2008
Closing my fresh gbp/usd short for pips.
Lets see what we have here...

Maribor 12:21 GMT July 22, 2008
AUDUSD turn level done @0,979...my guess ~0,942 next...acumulate shorts now.
USDCHF - accumulate longs for ~1,072.

IF both would happen at the same time, that would mean big loss for AUDCHF.

My guess crude preparing for bigger descent(just opinion, I do not trade crude).

The Netherlands Purk 12:19 GMT July 22, 2008
Auckland Trotter 12:02 GMT July 22, 2008

Ah yes, the spraying madam in the cabin we get to see than, how nice.
But (t) i will clean them.
Will mail you when i am in Auckland. Tickets are being bought!

Mtl JP 12:16 GMT July 22, 2008
Some seem to require that lessons be repeat, repeat, repeat, or perhaps like Former SEC head wants broader short-selling rules more moRE MORE painful.

PAR 12:11 GMT July 22, 2008
1207 GMT [Dow Jones] The dollar sunk deeper overnight vs the euro and yen on ongoing nervousness on the banking sector after Wachovia earnings report. A lack of significant data, though, is keeping movement narrow. Still, the euro is about one U.S. cent away from its record high of $1.6040. Tue morning in NY, EUR/USD was at 1.5928 from 1.5898 late Mon. USD/JPY was at 106.24 from 106.72, while EUR/JPY was at 169.21 from 169.67, according to EBS. GBP/USD was at 2.0068 from 1.9990, and USD/CHF was at 1.0152 from 1.0202 late Mon.(RFO)

Auckland Trotter 12:02 GMT July 22, 2008
The Netherlands Purk 11:57 GMT July 22, 2008
I hope your clogs are clean for your NZ visit. We don’t want any foreign material transported into NZ.

In need of buying some new clogs myself.

The Netherlands Purk 11:57 GMT July 22, 2008
New short gbp/usd in. Maybe i close at the first entry, i will tell AFTER the fact...

Auckland Trotter 11:56 GMT July 22, 2008
Fwiw
Still looking at 1.5925 as the major level for this session.

Appears I am posting for myself – would like to learn from comments and criticism.

Auckland Trotter 11:47 GMT July 22, 2008
Auckland Trotter 11:31 GMT July 22, 2008
For those that want to grab at fundamentals for the EUR/USD then go for it. The political climate is as stable as the market, and fundamental figures at present are being used for various reasons.

To get a reply I will ask it to be posted on the help forum so I can get it later.


From fundamental analysis I would be interested as to how the EUR/USD stands. I have read various reports, and made my own limited look.


At present – technicals rule – But the same as looking at long term charts – don’t forget the fundamentals!!!

Geneva 11:38 GMT July 22, 2008
PAR 11:21 GMT July 22, 2008

Crashing stock market good to halt Inflation, ECB happy!!!
Do they care about some thing else?

Auckland Trotter 11:31 GMT July 22, 2008

Como Perrie 11:20 GMT July 22, 2008

Fed's Plosser Speaks in Pennsylvania on U.S. Economy GMT 12:30

Too close to an election to have a major impact.

madrid 11:25 GMT July 22, 2008
PAR,

let me short it some more !!!! And keep your shorts on please !!

8-)

madrid 11:24 GMT July 22, 2008
"Perhaps that is the true social utility, the benefit, of the short seller. When the well-choreographed and financed corporate parade marches smartly by, all in bright new uniforms with shiny brass buttons, it's the job of the short to be the skeptic, the Doubting Thomas, the infidel, the truth teller, the whistleblower." Click here!

PAR 11:21 GMT July 22, 2008
Spanish stock market down more than 3% . ECB watching closely and carefully.

Como Perrie 11:20 GMT July 22, 2008
Yes Trotter agree

btw forget suports and everthing in times of interventions and the upcoming Paulson speech..

except if you not scalping the seconds of development..at least till liquidity supports such games...

am off for lunch ..will see paulson later (maybe) guess I know already what he s going to tell

GVI Forex john 11:19 GMT July 22, 2008

Auckland Trotter 11:18 GMT July 22, 2008
Como Perrie 11:03 GMT July 22, 2008
Open EUR/USD market for the big guys for the moment – various time charts show unsettlement.

What the levels and leverage for now.

Auckland Trotter 11:12 GMT July 22, 2008
Como Perrie 10:49 GMT July 22, 2008
The reality being any type of trader is that you trade a commodity that sells at a price – unfortunately that commodity is traded for a profit – and the profit is the goal as long as the market supports it.

You can look at this on many levels.

Como Perrie 11:05 GMT July 22, 2008
maybe is a good idea to take coupla weeks vacation..as It smells those guys want frozen markets, with some apparent life

good for scalpers as doubt we see any significant move so soon

Como Perrie 11:03 GMT July 22, 2008
market is liquidity poor as awaits Paulsan later..most flat... the scalper paradise but with some squeezes I see..

stops 15890/80 eurusd holding up

US Euro skeptic 10:54 GMT July 22, 2008
Bloomberg article on short selling - read it and learn something

Auckland Trotter 10:51 GMT July 22, 2008
US SW 10:42 GMT July 22, 2008
“first support 15872”

Interested in the reason of the support level you have given, as it corresponds to my previous posting level of the 23.6% fib on the 4hr chart.

Como Perrie 10:49 GMT July 22, 2008
I know Trotter....there's also the huge black market of enslavement that globalsation has created trough mafias, traveling kidneys sold from migrants for a ticket to the dreamed land...

the bigger base serving the whole of europe is the port of Valona in Albania if you need any

PS

usually the dream when awaken looks very poor in reality :))

Auckland Trotter 10:46 GMT July 22, 2008
Como Perrie 10:36 GMT July 22, 2008
“The market of tomorrow”

Body parts have been available for ‘donation, for some time. There are certain people who carry donor cards in the event of their death for various body parts.

There are also some that are willing to sell body parts while they are alive – eg. The US pays for blood donation.

Everything is for sale if you want to buy into it.

US SW 10:42 GMT July 22, 2008
talks of banks selling there euros...first support 15872

Makassar Alimin 10:41 GMT July 22, 2008
amazing, look at that tight daily range for eurgbp!

Como Perrie 10:36 GMT July 22, 2008
For pure cinics :))) (or too old billionaires) The market of tomorrow

Singapore is considering legalizing kidney trading to help meet demand for kidney transplants, the city-state's health minister said Monday.

http://abcnews.go.com/Health/wireStory?id=5414875

Melbourne Qindex 10:28 GMT July 22, 2008
CHF/AUD : 
  Critical Support 0.9983


Normal Lower Limits : 0.9718* - 0.9750 - 0.9782
Lower Mid-Point References : 0.9904* - 0.9961 - 1.0034
Weekly Cycle Pivot Centers : (1.0089*) - (1.0172) - (1.0287)
Lower Mid-Point References : 1.0275* - 1.0383 - 1.0540
Normal Upper Limits : 1.0460* - 1.0593 - 1.0793


Remarks : The market is under pressure when it is below the weekly cycle pivot center at (1.0089*). The weekly cycle lower mid-point references at 0.9904* - 0.9961 - 1.0034 would serve as short term supporting points. A critical supporting point is located at 0.9983.


Weekly Cycle Congested Area : 0.9453 - 0.9665 - (0.9877* - 1.0089*) - 1.031 - 1.0513 - 1.0725

Remarks : The weekly cycle congested area indicates that the market has a tendency to trade within (0.9877* - 1.0089*).



CHF/AUD : Monthly Cycle Charts
http://www.qindex.com/chf-aud.html
Albert Cheung (Ph. D.)


Directional Indicator : [0.8061] - [0.9568] - [0.9870] - 0.9998 - 1.0200 - 1.0225* - 1.0248* - 1.0394* - 1.0447

Remarks : Projected resistant points are expected at 1.0394* - 1.0447. Projected supporting points are positioning at [0.9870] - 0.9998 .

US SW 10:27 GMT July 22, 2008
Just when [EU BOURSES] were trying to draw a line under their latest losses, the FTSE has slipped back towards its -91 pt low (5,313) on yet more bad news from the [UK'S FINANCIAL SECTOR]. Ratings agency [FITCH] has downgraded 4 building societies - the Britannia, Yorkshire, Principality and West Brom - with the former's outlook also cut to negative from stable. Note, these moves will merely add to already negative/fragile sentiment in the banking arena after BoE Gov King's assessment of the Northern Rock saga (see 9.50GMT update) and while HBOS trades back below its rights issue level (around 260 pence vs 275 pence). More from the financial sector later, but from the other side of the Atlantic as the latest US bank results for Q2 are released, along with more tech earnings.

Auckland Trotter 10:19 GMT July 22, 2008
Auckland Trotter 10:05 GMT July 22, 2008
The question is, where is the short term resistance for the EUR/USD?

I have for now 1.2925:

M3 daily pivot
Level from the upper trendline on the 5 min chart
An interesting level from the 5min 12 hr chart.


Interested in comments from my postings.

Auckland Trotter 10:05 GMT July 22, 2008
Auckland Trotter 09:49 GMT July 22, 2008
Current support for the EUR/USD is given by the lower trendline on the 4hr 40 day chart.

The EMA (30) on the 4hr chart is 1.5872.

PAR 09:55 GMT July 22, 2008
Debt capitalism self-destructs

http://www.atimes.com/atimes/Global_Economy/JG22Dj06.html

US SW 09:51 GMT July 22, 2008
Just got back for Mcie DDDSSS and bought a large coffee...just 3 months ago is cost me 1.30 usd and today..it now cost 1.70...that is ffffnnnn crazy....world is in trouble...and we can all thank the Banks and the Terrioursist..seems there using inflation as a weapon..someone please tell me if im wrong

Auckland Trotter 09:49 GMT July 22, 2008
Fwiw

Interesting level for the EUR/USD around:

1.5880 – 38.2% fib on the 1 hr chart
1.5873 – 38.2% fib on the 4 hr chart
1.5878 – 38.2% fib on the 30 min chart

1.5874 – M2 daily pivot
1.5885 – weekly pivot
1.5886 – I8 monthly pivot

US SW 09:48 GMT July 22, 2008
though Im not selling it here the gpbaud is headed down here....I may get that chance to buy the pair under 204oo because of the recent move of the gbpusd

PAR 09:46 GMT July 22, 2008
An order from the Securities and Exchange Commission aimed at protecting some of the country's largest financial companies against a form of short selling took effect yesterday, provoking complaints from smaller firms that they have been left vulnerable to the practice.

Shares of the 19 large companies in the SEC