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The Forex Thread (FX)     

hilary - 31 Dec 2003 13:00

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Forex rebates on every trade - win or lose!

DealerDaveT - 07 May 2004 08:42 - 1217 of 11056

how low will cable go

hodgins - 07 May 2004 10:00 - 1218 of 11056

Now what if that US employment isn't that good and the US decided that they really needed a few months of reasonable employment figures before raising rates.
Short got a few but not quite happy to reenter short at this stage as mowing lawns, cutting more hedges and fixing childrens bikes.

hilary - 07 May 2004 10:12 - 1219 of 11056

If you connect the low of 29th April with the low of 3rd May and extrapolate the line, guess where Cable found support an hour or so ago!!!

If you then connect the high of Wednesday with the high of Thursday, we seem to be in a pennant, with resistance at around the 17965 that I mentioned earlier.

hodgins - 07 May 2004 11:04 - 1220 of 11056

careful small short as it may not like it above 17950+

Tellon - 07 May 2004 11:28 - 1221 of 11056

Its a war Bulls V Bears and at 13:30 one side is bringing out the Big Gun to crush the other..

WooHoo!!

foale - 07 May 2004 11:36 - 1222 of 11056

Pleased with my short entry at 17959
...well assuming that resistance at the 50 area holds
I cant see it getting over that til post figures
(assuming that is the direction we are to go)

I have found if difficult trading FX this week
Still thats the name of the game...
and here we are back at last nights close more or less

hodgins...hope you are right

hodgins - 07 May 2004 12:09 - 1223 of 11056

hilary - 07 May 2004 12:10 - 1224 of 11056

I've also found this week very difficult and my normally reliable oscillators have been all over the show at times. Fingers crossed that we might be on the turn now as that 17965ish looks to be holding.

edit: Maybe I spoke too soon.

Tellon - 07 May 2004 13:42 - 1225 of 11056

Im shacking with adrenalin..

Just made 150 pips on 20 postions in about 5 seconds.

Im done for the day I need to go lie down now..

hodgins - 07 May 2004 13:43 - 1226 of 11056

happier bunnies with the lights out of their eyes.
I am glad you were right foale!

foale - 07 May 2004 13:47 - 1227 of 11056

Tellon well done...
20 positions?

Beeblebrox - 07 May 2004 13:50 - 1228 of 11056

that's more than the kama sutra,
well, the ones i've tried anyway !

Tellon - 07 May 2004 13:50 - 1229 of 11056

Yeah, I started with 5 and just got out of control.. I brought my family my friends every one i know in on it.

I was a wreck waiting for my open postion numbers.

I think I'll stick with the 2% risk strategy

foale - 07 May 2004 13:56 - 1230 of 11056

Keep getting the feeling that 1.7950 is a bit of a 'magnet' with Cable atm
lets see

hilary - 07 May 2004 14:17 - 1231 of 11056

Well done, Tellon. 20 positions ...... I'm amazed.

I'm really not at all sure on direction now having been stopped earlier. I suspect that I'm not alone, so I'll probably leave it until next week to see if it makes more sense then.

I guess it'll be interesting to see whether the rising support that I mentioned earlier from 29th April holds.

Beeblebrox - 07 May 2004 14:19 - 1232 of 11056

on the basis that 178.80 held i've got a small long running from 178.96,
anyone clever enough to get a short away pre figs at 180.30 ?

hilary - 07 May 2004 14:27 - 1233 of 11056

Beebs,

I suspect that the bulk of the bears had already been stopped as 17965 went earlier. Anyone taking a fresh position ahead of the data would have probably then been stopped on the initial spike up. The only winners will have been the lightning fast scalpers trading the news itself, imo.

Tellon - 07 May 2004 18:14 - 1234 of 11056

Like Me!!!

I got filled at 1.8034

(Clicked Sell as figures where announced on CNBC)

Tellon - 07 May 2004 18:19 - 1235 of 11056

I think there is more downward movement to come. We are close to a possible buy but not yet. Maybe not at all..

No Postion for me, will reaccess at 7am Monday.

hilary - 08 May 2004 10:24 - 1236 of 11056

Date

Country/ Currency

Event

GMT

CONSENSUS

PREVIOUS

10-May

GBP

ODPM house prices

8:30

10.2%Y

9.8%Y

Mon

GBP

PPI (Apr)

8:30

1.9%Y

1.3%Y

 

CAD

Housing starts (Apr)

12:15

228k

247k

 

USD

FOMC Moskow speech (Chicago, IL)

14:30

 

 

 

EUR

Eurogroup meeting (Brussels)

 

 

 

 

GBP

Chinese Premier Wen visits London

 

 

 

 

 

BIS G10 Central Bank Governors meeting (Basel)

 

 

 

11-May

AUD

NAB business confidence (May)

1:30

 

12.9

Tue

JPY

Leading indicators (Mar)

5:00

67.8%

80.0%

 

JPY

Household spending (Mar)

5:00

-3.5%M

2.1%M

 

DEM

Trade (Mar)

6:00

Eur13.0bn

Eur12.1bn

 

FRF

Industrial production (Mar)

6:45

0.4%M

0.8%M

 

GBP

Industrial production (Mar)

8:30

0.6%M

-0.6%M

 

GBP

NIESR GDP estimate (Apr)

12:30

 

0.6%Q

 

USD

FOMC Moskow speech (Green Bay, WI)

17:15

 

 

 

USD

FOMC Santomero speech (New York, NY)

18:30

 

 

 

NZD

Unemployment (Q1)

22:45

4.6%

4.6%

 

EUR

Commission President Prodi speech (Brussels)

 

 

 

 

EUR

Ecofin meeting (Brussels)

 

 

 

 

 

OECD economic outlook published

 

 

 

12-May

AUD

Housing finance (Mar)

1:30

-0.5%M

-4.3%M

Wed

FRF

GDP - preliminary (Q1)

6:50

0.5%Q

0.7%Q

 

GBP

Claimant unemployment (Apr)

8:30

-5.0k

-4.2k

 

GBP

Trade (Mar)

8:30

GBP-4.4bn

GBP-4.2bn

 

EUR

ECB Liebscher speech (Vienna)

9:15

 

 

 

GBP

BoE inflation report

9:30

 

 

 

CAD

Trade (Mar)

12:30

CAD5.6bn

CAD5.7bn

 

USD

Trade (Mar)

12:30

USD-43.3bn

USD-42.1bn

 

EUR

ECB Louekoski speech (Helsinki)

 

 

 

 

JPY

BoJ Nakahara speech (Akita)

 

 

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