Forex rebates on every trade - win or lose!

Worth reading the comments that follow that article!

According to Big Investment bank, FX Could be a $10trln Daily Market
Written by Peter Anderson
October 28, 2010 at 08:57 GMT

A large European IB has just put out a piece that says foreign exchange turnover is set to reach $10trln a day by 2020, up from $4trln in 2010. They say this implies trading will grow by 10% a year as it has done so since 2001. The IB says central banks trying to influence exchange rates through intervention will need to act forcefully.I tend to agree.

Come on hils - pay the bill! :-)

Do you mean the "No chart data available" thingie, Skinners?

Hils yes :-) looks like its been renewed anyway!

Oh, what a pain!!

The Whois shows their domain expired a couple of days ago.

http://whois.domaintools.com/fxserver.com

Its already been renewed and should reactivate within 72 hours!

What year is it?

:o)

comment verte est ma vall

I would've thought that's a question for Dilbert, Skinners.

Hils :-) - Cast your rule over HICL and see what you think. Another boring yielder - ex on the 17th. I'm short @5838 btw.

Break it up, children!

That's a great article Hils. So the Euro is stuffed. I think you said it first :-)

SC: The Euro was always stuffed - it was stuffed before it started. The rest of them should have got the message about a single currency in 1992 when the UK fell out of the ERM. The Pound and the DM couldn't be held in a narrow exchange band - what hope did Club Med ever have of converging their economies with Germany?

That exercise (the GBP/DM ERM thing) also gave the lie to the Euro itself - we were adopting the DM, renamed Euro.

What is going to be painful is to watch how many tens of Billions of whatever are going to be used to prop this moribund edifice up. They will bash on regardless, because collapse of the Euro could doom to the whole abominable European Project - and we couldn't have that, could we?

ttt

Don't know if anyone else has noticed (sure Hiltops has) that EUR/USD seems to have fallen through the uppity trendline established early Jun-Sep. The slightly shallower second trend established late Jun-Sep is now under threat - no great suprise I suppose.

PTH,

I have been watching it, but I don't think you can categorically say that it's broken that trendline until close of play. At the moment I think it's just piercing it intraday, although I am inclined to suspect that it'll be a major event if the price does close below the line tonight. I think a lot of real money players who have been long since July time when it broke the previous downtrend will start to rethink their approach.

I'm not overly bothered by the shallower trendline you mention though, as I can't see too much significance in it. The market was certainly making a big song and dance a few weeks ago when the price broke down through the much steeper trendline from mid-June to late-October.

Hiltops, certainly agree with yr comments re the trendline support, I imagine much will depend on the US this afternoon, not that many will be at work!

http://viableopposition.blogspot.com/2010/11/til-government-debt-do-us-part.html">
A summary of debt positions in a number of countries.

Just who the hell do you think you are Mr Van Rumpoy?

Go Nige!