Forex rebates on every trade - win or lose!

Never realised you had fallen under the Lidl spell of perceived value

Oh I've never been in there. I just use their car park when I shop in Aldi.

:o)

I had you down as a Netto woman Hiltops.

;-)

No. That must be some sort of northern thing, Flossie.

:o)

She's a closet Waitrose Essentials shopper, Rob. Trust me.

Whoaaaaa Tiger. Don't put me alongside the geri's.

:o)

lidl do a really nice choc icecream! Morrisons in gib was always good for picking up gammon etc, certain things difficult to get in spain or very expensive.

Usd/jpy having another go at 98

USD/JPY: end of financial year sales start tomorrow

March 26, 2009 at 05:26 GMT

Chatter in the market is that there will be some very large sell orders in USD/JPY hitting the market tomorrow as the Japanese financial year draws to a close.

Generally the Japanese and London Fixes are particularly busy on these days but I would expect large two-way business.

Hiltops, got a little query for you which I'll mail you over the weekend - just watch that junk mail box :-)

No problem, Flossie. I've still not restored my old address book, so I don't have your email address just now.

Oh Flossie, to save you some time, you won't need to change the cable start hour as the major Asian markets aren't subject to DST because of their Equatorial proximity.

Loonie may be affected differently though - I'll have to check.

:o)

Gathered from Bloomberg last night that Euro is expected to start quantitative easing next week hence its drop but brokers bullish/bearish depending on scale of QE, doubtless be volatile though

Actually it's a different question Hiltops, so look out for it!

Silly question time.
I traded EURUSD with ODL buying 2 lots at 1.3295. I closed at 1.3325 giving profit of 419.23. How is that worked out.

What's the base currency of your account, Jeffie?

GBP Hils

I can't make those figures add up, Jeffie. Was it definitely 419?

Yes, I have never been able to work out my profit/loss amounts. Is there a magic formula?

What would you expect it to be?

As another example
Sell GBPUSD at 1.4256, closed at 1.4160 for 0.10 lots, profit 67.80

Sorry, I was looking at the wrong chart to turn it back to sterling. I can make it add up.

:o)

1 lot = 100,000 of the first currency in the pair/cross - in your case Euros.

So your 2 lot position was for 200,000 Euros. Your profit was 30/13295 of this (ie €451.29)

Turn the profit back from Euros to sterling by multiplying at the current rate (0.93 or thereabouts) and you get 419.