Forex rebates on every trade - win or lose!

Good morning all,

Looking like the bulls are back.. IMO..

A little bit of caution, T. We've got cable going one way and EUR/USD going the other this morning.

USD/CHF going with Euro by the looks of it..

Tough Decision...

T,

I'm leaning more towards Dollar bullishness. There was one day last week, however, when the Dollar rose all day against the CHF and cable rose all day. Either pair would have been a good trade.

The answer, imo, is to split your stake between the two pairs. If one pair reverses, hopefully a loss will be more than offset by the gain from the other pair. An example of "Trade what you see".

Just done 25 minutes on the rower and I've lost my charts in that time. I can't seem to get them back.

:o(

Hil,

Are you talking about our charts? There are no problems at the moment and they are all working fine.

Ian

No, don't panic Ian ..... I mean the damn FXCM/FXtrek/Intellicharts.

Hil,

Ive started using the charts on www.netdania.com. I use both.

This sign sums up nicely what the Euro has been doing to the Dollar recently

SoS
I see you've been scouring the net for naughty photos again - nice one ;)

Tellon
Thanks for the netdania link.

T,

I think that it's the S&P Comstock feed which has been playing up on the Intellicharts. I've found the NetDania feed to either be a bit inaccurate or to lag a bit in the past.

Doris,

Which page of the Kama Sutra did you find that position?

:o)

What the BoE has to weigh up
Mon Dec 6, 2004 09:07 AM GMT


By Sumeet Desai
LONDON (Reuters) - The Bank of England appears almost certain to leave interest rates steady for the fourth month in a row on Thursday but economists are divided over whether borrowing costs will climb again next year.

All 45 analysts polled by Reuters predicted the central bank's Monetary Policy Committee would leave rates pegged at 4.75 percent when it finishes its two-day meeting.

Twenty economists said rates had peaked but 23 said there was at least one more hike to come.

The following are likely to be some of the main factors discussed by the MPC at its December 8 and 9 meeting.

INFLATION

The main inflation rate rose to 1.2 percent in October, still way below the BoE's 2.0 percent target. But the Bank sees it rising to target in two years' time. Meanwhile, pipeline inflationary pressures have been rising, thanks to high energy costs.

HOUSE PRICES

The Nationwide house price index unexpectedly rose by 1.0 percent in November, but analysts say the increase may be a blip as most other indicators point to a continued rapid slowing in the market. The Halifax house price index fell by 0.4 percent in November while mortgage approvals fell to a five-year low in October.

GDP

The initial estimate of 0.4 percent growth in the third quarter was left unrevised but BoE policymakers have repeatedly suggested they feel that is too low as it at odds with more bullish survey evidence. Growth is expected to have picked up in the fourth quarter.

STERLING

Sterling's trade-weighted index has risen over the past month and the pound hit a 12-year high against the dollar last week, boosting concern that manufacturing will be hit as exports become less competitive.

GLOBAL ECONOMY

Latest data show the world economy is still having some troubles. U.S. non-farm payrolls grew a paltry 112,000 in November and recent reports on the eurozone point to faltering growth there as the euro hits record highs against the dollar.

Bullshare, if that billboard is anything like the real thing, once the euro has climaxed, it will go to sleep and the dollar will awaken and go and put the kettle on !!!!

Addo

When you see charts increase so fast like that, that to me is the sign of a huge reversal

:-)Long dollar then?

5 years and close your eyes, yes :-) Otherwise no, it has to break $2 to the squid right ??

My day trading skills are legendary, however I don't think the world can sustain this slide. It is a conspiracy this activity :-))

Most Americans are not even aware the euro exists, some not even Europe exists !!

Glad I got stopped out this morning.. Weould have been boring watching my postion all day.. Should have took that long USD/CHF I saw though +70 right now on paper.. But then paper is not neccesarily a good example of what would have been..

See you all tomorrow..

P.S

Nice Picture BullShare

JPY BoJ Deputy Gov Iwata Speaks 3:00 22:00
JPY Household Spending (YoY) (OCT) 5:00 0:00 -0.5% -1.0%
JPY Overall Household Spending MoM (OCT) 5:00 0:00 -1.9%
JPY Leading Economic Index (OCT P) 5:00 0:00 20.0% 27.3%
JPY Coincident Index (OCT P) 5:00 0:00 11.1% 35.0%
JPY Teikoku Databank Japan Nov. Business Confidence 5:00 0:00
EUR 3rd Quarter Production in Construction 10:00 5:00
EUR ZEW Survey (Econ. Sentiment) (DEC) 10:00 5:00 19.0 22.1
DEM ZEW Survey (Current Situation) (DEC) 10:00 5:00 -58.0 -57.8
DEM ZEW Survey (Econ. Sentiment) (DEC) 10:00 5:00 10.0 13.9
EUR ECB Weber Speaks 12:00 7:00
USD Nonfarm Productivity (3Q F) 13:30 8:30 1.9% 1.9%
USD Unit Labor Costs (3Q F) 13:30 8:30 1.60% 1.60%
CAD Bank of Canada Rate Decision 14:00 9:00 2.75% 2.50%
USD US Fed's Bies speaks on Risk Management in Geneva, Switzerland 15:00 10:00
USD Consumer Credit (OCT) 20:00 15:00 $6.3B $9.8B
AUD RBA Cash Target (DEC) 22:30 17:30 5.25% 5.25%
AUD Westpac Consumer Confidence Index 23:30 18:30
JPY GDP Deflator YoY (3Q F) 23:50 18:50 -2.3% -2.1%
JPY Money Supply M2 + CD (YoY) (NOV) 23:50 18:50 2.2% 2.1%
JPY Broad Liquidity (YoY) (NOV) 23:50 18:50 3.8% 3.8%
JPY Bank Lending (YoY) (NOV) 23:50 18:50 -2.7%
JPY Gross Domestic Product (QoQ) (3Q F) 23:50 18:50 0.1% 0.1%
JPY GDP Annualized (3Q F) 23:50 18:50 -0.2% 0.3%