Forex rebates on every trade - win or lose!

relatively strong, line in sand at 965-lack of falls across the board this AM seen as precursor of end of dollar strength for now by some.

hod , still think usd chf @ shrt but 1900 seems to be holding..

Closed my triggered buy from 650 for 60 ;)

Better day than yesterday's roller coaster big downs and then ups for small gains.

MG
Nice one. bit more volatlity this afternoon after a quiet morning. Not done much myself, been in meetings

mg u basically picked the top and the bottom mate well done its gone nowhere since then.

Cheers mos - bit less volatile and sort of behaving more steadily than yesterday.

Off out for a bit with my 750 trigger sell still there just in case it drifts back up to hit it. Doubt it but you never know.

I'm off for a guinness or 3. Left a limit buy in at 1.2940 on EUR/USD

1st FX trade today :S cable long 18706

Had a couple of limit orders filled overnight. bought EUR/USD 1.294 sold usd/JPY 103.55

mng jm..

Daily updates on Australian Forex Market AUD hovers around 76 US cents after volatile sessions

The AUD was comfortably hovering around 76 US cents on Thursday after recent volatile sessions. The pair traded narrowly in the range between US$0.7573 and US$0.7622. This is despite the release of some US economic figures such as December Leading Indicators that was in line with expectation of 0.2 per cent and worse-than-expected January Philly Fed Index which came in 13.2 compared with the market consensus of 23.0. The RBA's latest bulletin released on Thursday showed that the central bank sold A$330 million on a net basis on the spot foreign exchange market during December.

The EUR tumbled to a new two-month low against the greenback on Thursday to as low as US$1.2924 from US$1.3023 on the view that increases in US interest rates will bolster the US dollar's yield appeal. Fundamental economic numbers recently were coming in better than expected such as Wednesday's data which showed sturdy core inflation, surging housing starts and plummeting jobless claims, underlining expectations for steady increase in US interest rate.

Cable slipped against the dollar to hit lows of US$1.8638 from US$1.8753 on Thursday, after Federal Reserve officials were upbeat about the US economy. Comments from Fed policymakers, who said prospects for reasonable growth were good, helped boost the dollar and kept in place market expectations that US interest rates would continue to rise. However, market still awaits the key UK retail sales data due on Friday 20:30 EST.

The dollar extended its gains against the Japanese Yen and touched intraday highs of 103.60 from 102.51. Recent strong US economic data suggested the view that future interest rate increases in the United States might lure more dollar deposits. Investors were also waiting for news on the US government's fiscal plans, which could help the dollar if solid deficit tightening measures are introduced.

Gold traded at US$422.30 an ounce into New York close and appeared stuck in a range between US$420.50 and US$423.00. The markets were moving up off the lows a bit in early New York trading session as the EUR bounced back from its two-month lows. Silver closed at US$6.54/56 an ounce, stuck in the middle of the trading range between US$6.69 and US$6.47 on Thursday.

Short term (Intraday)
1,2950. EUR USD broke 1,2980 support. EUR USD is in an downtrend directed by 15min exponential moving averages. EUR USD is in a consolidation after the last bearish movement. The volatility is low. Bollinger bands are parallel and form the trend. RSI is in a bearish configuration. The downtrend should continue on 1,2850 support. We could take a short position at 1,2950. We will put the stop loss above 1,2985 (-35 pips). The major target is 1,2850 (+100 pips). This is a dangerous trade, take care and put your stop loss.
Medium term (Daily)
EUR USD is in an uptrend supported by daily exponential moving averages. The volatility is low. Bollinger bands are drawing the trend. RSI goes out overbought state and give a negative signal. The price should consolidate.
Long terme (Weekly)
EUR USD is in an uptrend supported by weekly exponential moving averages. The volatility rises. Bollinger bands are deviated. MACD is in a bullish configuration. The uptrend should resume with more vigor..
Resistances
1,2980 - 1,3010
Supports
1,2935 - 1,2850

GBP/USD - British Pound Dollar
Short term (Intraday)
1,8712. GBP USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Bollinger bands are flat. Oscillators are neutral. The downtrend should resume with more vigor.. The price should find a resistance below 1,8740. We could take a short position at 1,8715. We will put the stop loss above 1,8750 (-35 pips). The targets are 1,8640 (+75 pips) 1,8470 (+245 pips). This is a dangerous trade, take care and put your stop loss.
Medium term (Daily)
GBP USD broke the triangle pattern's resistance. The pattern's objective is 2,0000. GBP USD is in an uptrend supported by daily exponential moving averages. The volatility rises. Bollinger bands are deviated. MACD is in a bullish configuration. The uptrend should continue on 2,0000 resistance.
Long term (Weekly)
GBP USD is in a triangle pattern. GBP USD is in an uptrend supported by weekly exponential moving averages. The volatility is low. Bollinger bands are flat. Oscillators are neutral. The uptrend should continue to gather momentum.
Resistances
1,8740 - 1,8780
Supports
1,8710 - 1,8660 - 1,8550

USD/CHF - Dollar Swiss Franc
Short term (Intraday)
1,1921. USD CHF broke 1,1900 resistance. USD CHF is in an uptrend supported by 15min exponential moving averages. The price is just above 1,1920 support. The volatility is low. Bollinger bands are parallel and form the trend. RSI is in a bullish configuration. The uptrend should continue on 1,2200 resistance. We could take a long position at 1,1920. We will put the stop loss below 1,1885 (-35 pips). The targets are 1,2140 (+220 pips) 1,2200 (+280 pips). This is a dangerous trade, take care and put your stop loss.
Medium term (Daily)
USD CHF is in an downtrend directed by daily exponential moving averages. USD CHF is in a consolidation after the last bearish movement. The volatility rises. Bollinger bands are tightened. daily MACD crosses and gives a positive signal. The price should continue to consolidate. The price should find a resistance below 1,1800.
Long term (Weekly)
USD CHF is in an downtrend directed by weekly exponential moving averages. The volatility rises. Bollinger bands are drawing the trend. RSI is in a bearish configuration. The downtrend should continue on 1,1200 support.
Resistances
1,1945 - 1,2140
Supports
1,1920 - 1,1900

USD/JPY - Dollar Yen
Short term (Intraday)
103,42. USD JPY is in an uptrend supported by 15min exponential moving averages. USD JPY moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Bollinger bands are parallel and form the trend. RSI is in a bullish configuration. The uptrend should continue on 104,00 resistance. We won't take a position.
Medium term (Daily)
USD JPY is in an downtrend directed by daily exponential moving averages. The volatility is high. Bollinger bands are drawing the trend. MACD is in a bearish configuration. The downtrend should continue to gather momentum.
Long term (Weekly)
USD JPY is in an downtrend directed by Weekly exponential moving averages. The volatility rises. Bollinger bands are deviated. MACD is in a bearish configuration. The downtrend should resume with more vigor..
Resistances
103,60 - 104,00
Supports
103,30 - 103,00

mng mos, how goes it mate

no bad mate,cheers..... doing bugger all @ mom,not sure where this is going today,keep wanting to shrt usd chf,but it seems to be happy above 19,little movement over night....
happy damn friday i suppose jeff....
big one last night....

one of those nights I didnt have much but felt pissed (happy)

yep ben there ended up here got it round me tits,s+p was meant ot be going out,but decided to dig myself out the mire,which i eventually did,,
lets c what today brings..

Had a couple of Japs with us which is always good value. You can take the piss without them realising it