Forex rebates on every trade - win or lose!

Take pity on a poor man down on his luck. Sob Sob

I'm done for the day, another 108 pips in the bag.

Anyone got a view on cable?

Flossie's the man for eyesight problems, Sue.

:o)

Well done SC

It went down Sue ;-)

Jeff, I take little credit. It's another Dog food delivery.

SC very drole - I know it has gone down - does anyone think it is likely to bounce up a bit, or go on down?

We're about to start printing money, how much printing is enough/how much will this drag cable down. Anyones guess, i'm far from an expert.

Sorry Sue, I was feeling flippant.

Next level of support looks to be around 1.41. As long as it's pointing down it'll keep going down. Best indicator seems to be MACD on an H4 chart.

I know of a good signal service, Sue, if you're having any problems.

50 a month for Winalot signals and 50 a month for TripleMac signals. They've both been shorting cable for two days now (after being long for most of last week) and you could easily have paid for a whole year's subscription to both from this morning's profits alone.

:o)

Hils - Yes please - I wil have a look if you can let me know who they are

I am a bit fuddled as our dog has just had puppies & they are 5 days old & we have been keeping a watch on them (well sleeping near) and it was my turn last night!

I am not struggling really - all the signals seem to say down - I just keep thinking that it must bounce soon?

sue trade what you see, not what you think

Good cable call goforit, we're at 50% retracement now, seems that it will hold if markets can rally from this dow 7850 support level,though not looking likely at the moment

Euros not happy
http://www.telegraph.co.uk/finance/economics/4603903/European-finance-ministers-to-attack-Alistair-Darling-over-sterlings-slide.html

F cables at the 1.4450 area!

Well I know a man who's managed to set up the signals service malarky for me and it's currently trading the signals from 2 EA's. At the moment my system is simply interfacing with the service provider's system and, in a week or so's time, I will be able to ask the service provider to open the signals up for subscription.

I do hope they make money in that time otherwise I'm going to look a silly Hilly.

h, you can always change yer name to imelda!

Hilly
Have you set up a website

My son is in charge of website design, Jeffie. That's his half-term project for next week.

ROME (Dow Jones)--Top European Central Bank officials Saturday said they stand ready to act further to counter the recession, signaling further rate cuts and refusing to rule out unconventional measures like quantitative easing.

"As you know I have said in the last press conference that I do not exclude additional, non-standard action," European Central Bank President Jean-Claude Trichet said, reiterating that the ECB remains open to the possibility of quantitative easing.

With its key rate close to zero, the U.S. Federal Reserve has already taken moves to lift its economy out of recession by taking unconventional moves to boost money supply. The ECB has more ammunition left to cut its benchmark rate, which stands at 2%, but some analysts believe it may be eventually be forced to follow the U.S to increase the flow of money to the economy.

Bank of Italy Governor Mario Draghi said the U.S. quantitative easing had worked, but declined to say whether Europe would take similar moves. He said the ECB had already taken unconventional measures and implemented interest rate cuts "in size and speed that we haven't seen before."

The ECB has more than halved its key interest rate since early October, cutting it by 225 basis points to 2%. Most economists expect the ECB to cut rates again in March, to 1.5%. ECB staff will present their latest macroeconomic projections, showing a sharp contraction in euro-zone gross domestic product in 2009.

"There's a lot of reflection on other stuff (apart from interest rate cuts) that we didn't discuss at this meeting," Draghi said at the end of a two-day meeting of finance minister and central bankers from the Group of Seven leading economies.

The G7 as a whole warned that what started as financial turmoil has now gripped the real economy throughout the world, and committed to take any action that may be needed to restore full confidence in the global financial system.

European Central Bank governing council member Axel Weber said he wouldn't rule out the possibility that the bank will cut its key interest rate again.

The U.S. Federal Reserve has opted for a virtual zero interest rate policy while the Bank of England's key lending rate stands at 1%.

"We don't rule out that in the light of the current forecasts for (consumer) price development, for the economic development we will continue to make use of further leeways that are opening up," Weber said.

The 16-country euro zone for which the ECB sets rates plunged deeper into recession in the fourth quarter of last year with its sharpest contraction in gross domestic product since records began in 1995. The decline was led by the biggest quarterly fall in German GDP for more than two decades.

Still, Weber said that there is hope the economy will recover later in 2009.

"There are first signs of hope which we have discussed," Weber said. "The leading indicators in particular give reason to hope that a certain degree of bottoming out might possibly appear in the second half of the year. But there is the need to be cautious...The outlook for the coming months is still cloudy in our view."

The French board member of the ECB, Christian Noyer, was the more cautious on using unconventional measures, however.

Noyer said that so far it isn't necessary for the Frankfurt-based bank to purchase commercial paper in the same way as the U.S. Federal Reserve does to increase the amount of cash available to companies.

"We're not changing the structure of financing now," Noyer said. He noted that because European companies are more dependent on financing from banks than their U.S. competitors, restoring a fluid and functioning credit market was the top priority.