Forex rebates on every trade - win or lose!

mng mos, stopped out on a dreaded CMC spike that hit right on my stop overnight then it drops 30... bastards

ha just seen the chart jeff,v frustrating....

not to sure if cable is a buy @ these lvls..

Daily updates on Australian Forex Market from CMC Group Asia Pacific
AUD hovering 77 US cents, all eyes on local CPI

The AUD was hovering around 77 US cents on Monday and mainly traded within the range of US$0.7681-0.7717. The Aussie gained support as investors bet that it would continue to offer a substantial yield advantage for most of 2005. This view was supported by a report showing producer prices were stronger than expected in the fourth quarter. The report also suggested an upside risk to Tuesday's inflation report if the increases were passed on to consumers. Some analysts suggested the CPI figures might give the markets a hint on the interest rate. Local CPI is due out at 11:30 EST.

The EUR traded slightly lower versus the greenback on Monday as German Finance Minister Hans Eichel was speaking in Paris and urging Asian countries, especially China, to do more to promote flexible exchange rates and share the burden of the US dollar's weakness. Eichel's comments fueled a sell-off in the EUR against the yen, which later weighed the EUR against the dollar. The EUR /USD pair came off from the highs of US$1.3100 to intraday lows of US$1.3028.

The cable held steady against the dollar and bounced within the range of US$1.8742 and US$1.8836 on Monday. The pair showed no reaction to comments from Bank of England Monetary Policy Committee member Kate Barker, who reiterated the central bank's forecast that UK house prices were much more likely to fall than rise significantly. Some currency strategist said Barker did not mention anything new to the house market or the inflation outlook. That was neutral to the forex market. However, most investors await the Bank of England's minutes and growth data releases later in the week.

The dollar was little changed and traded below 103.00 yen and hit the intraday lows of 102.56. A poll of financial market traders and analysts in Japan on Monday showed that the dollar will likely reach a low of 95 yen this year before it rebound in the second half, supported by higher US interest rates. However, some analysts expect that even though the dollar may drop below 100 yen, the drop would be temporary. Analysts added that Japanese government would resume large-scale yen-selling intervention and the Bank of Japan might further ease monetary policy if the yen spiked up.

Gold finished the day up about $1 at US$426.50/27.0 an ounce, amid a softer dollar against major currencies which made precious metals a better buy for overseas investors. Meanwhile, some trades and fund buying ran silver prices into buy-stop orders above the market that lifted the silver up about 10 US cents to US$6.86 from intraday lows of US$6.76.

Intraday Range Forecast, Resistance and Support Levels
USD/JPY
Intraday Range Forecast: 102.70 / 103.00
R: 103.12/103.42/103.92
S: 102.49/102.02/101.67

EUR/USD
Intraday Range Forecast: 1.3060 / 1.3090
R: 1.3119/1.3138/1.3191
S: 1.3031/1.3012/1.2947

USD/CHF
Intraday Range Forecast: 1.1805 / 1.1835
R: 1.1878/1.1914/1.1969
S: 1.1800/1.1748/1.1713

GBP/USD
Intraday Range Forecast: 1.8810 / 1.8840
R: 1.8867/1.8918/1.8940
S: 1.8800/1.8740/1.8689

AUD/USD
Intraday Range Forecast: 0.7690 / 0.7710
R: 0.7719/0.7745/0.7798
S: 0.7681/0.7652/0.7623

EUR/JPY
Intraday Range Forecast: 134.40 / 134.70
R: 134.85/135.07/135.30
S: 133.87/133.27/133.01

EUR/GBP
Intraday Range Forecast: 0.6945 / 0.6955
R: 0.6966/0.6981/0.7012
S: 0.6941/0.6916/0.6873

EUR/CHF
Intraday Range Forecast: 1.5445 / 1.5470
R: 1.5505/1.5515/1.5548
S: 1.5441/1.5401/1.5379

USD strong out of the gate this morning

I've left a limit buy EUR/USD 1.3

Not often you're quiet, huh
G'morning :S

ha trying to post a chart up....cudnt.....ha

EUR/USD

Support starts at 1.3022, followed by 1.2985 and 1.2945. First resistance was found at 1.31 and it will probably be tested again a bit later, if the support level
at 1.3022 will be strong enough to hold. Also, the accumulate positive momentum following Friday's rise is helping the EUR regain ground, thus we believe the EUR will set fresh highs.
Current quote is 1.3045.

Recommended trades:

Long at 1.3020, t/p @1.3075, s/l @1.2990.
If t/p hit, adjust s/l at 1.3050 and hold the position for an exit around 1.31

USD/JPY

Support is seen at 102.40 followed by 102.20 and 101.90. Resistance is seen at 103.20 and 103.40. We expect a reverse around first resistance key.
Current quote is 102.95

Recommended trades:

jm, took a quick 20 out of cabel 62 out @ 82.
flat now

Morning all. Fishing today. Long Euro/$ 1.3040, stop at 010; short $/Yen 102.95, stop at 103.22 (this one looks dodgy).

fishing magg..wrap up mate...

mos, nice one. cable looked like you could nick a few early doors, buthad to get to work

mos. Looks like being a crap day - stopped out of $/yen short; what a start. Still, the trend is up.

yep u said it looked dogy magg,so thats what stops are for..email me and ill mail u something that may help you out....no its not a swedish au pair..

Morning all,did same trade as you mos, first one I have got right for days.

Closed Euro/$ +2 as run up was faltering (like me). I do better following the trend and not trying to catch bounces. Still, another five years and I might get the hang of it.