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Beeb,

Funnily enough I'm expecting the opposite from Dubbya's address. I think that he'll announce fiscal spending in election year which will be bad for the dollar. I suspect that the GBP and EUR will both pullback this afternoon in anticipation of his speech and then move up again tonight.

The EUR has definitely been the poor relation to the GBP both long and short these last few days. All the price action has been on the GBP/USD cross.

Beeble,

Do you fancy a knockabout then?

yes, i'm currently looking for a woman to play around with,
round of golf that is !
used to play a lot of tennis and squash - back problem limits me to fairways now, but i couldnt resist an offer like this so,
i'll try tennis in the morning, as long as you try golf in the afternoon,
p.s. i'm really good in the bushes

sorry to keep asking dim questions!

I now have a CMC account (& sub - account)

What is the difference between a 31 March 2004 (M) and a 31 MArch 2004 (Q)

?????

This is GBP to USD

No idea, Sue, as I don't use CMC. The March IMM contracts are $6.25 BPH4 and they expire on 15/4/03.

tried a small short on the cable @181.69, but got stopped out
@182.03 - of course it immediately came back down
todays rise is 3.5 cents - unbelievable

It's in vertical mode now, Beeble. When I entered the positions, it was my intention to pyramid them and instead I came out. Muppet.

I'm happy with my lot for the day, but I'll just have to be patient and wait for an entry to get back in now I suppose. Hohumm.

me too - dont think we'll see 178.30 again for a while though,
and tiddly dee !

Sue. I think I've solved it. If you ask for a price on the (M) bet it shows N/A, which you would expect as I wouldn't have thought it would be available until March 1. But the Mar (Q) bet does show a price.

maggot thanks

Do you have a view on dclinton's post about arbitrage?

maggot - I get a price for all the bets in sort of light grey. I think I'll ring & ask.

Sue - the (M) are monthly futures and (Q) are quarterly. However, I've yet to figure out exactly what underlying market these futures are actually tracking.

The rising support line on the EUR/ and GBP/USD crosses looks like it might be coming under a bit of pressure.

I'm listening Hilary
no trades today as have 5 positions open
on ftse, and us males have trouble multi-tasking
back to 182.00ish in my money, but with failing to find the top yesterday....
lol

Can't you do cooking, dishes and ironing as well, Beeble?

:o)

Support line on the Euro looks to have been breached and the GBP looks like it might follow suit shortly. Hopefully, as I've gone short.

Hils (off-topic): you coming to the traders' day?

mm; Dont think she's coming, but may send the legs

I'd love to come, boys, but I'm already booked in for a pedicure on that day.

:o)

Seriously, don't think I'll be able to make it ....... my son's the school goalie and he's playing a match that day.

didnt quite get the correction back to 182.00 i expected,
bit directionless atm, like the dow,
you still short hilly baby ?

hilary, first time I have visited this thread, congratulations on the header post, its a model of clarity and useful information.

I will be back.