Sharesmagazine
 Home   Log In   Register   Our Services   My Account   Contact   Help 
 Stockwatch   Level 2   Portfolio   Charts   Share Price   Awards   Market Scan   Videos   Broker Notes   Director Deals   Traders' Room 
 Funds   Trades   Terminal   Alerts   Heatmaps   News   Indices   Forward Diary   Forex Prices   Shares Magazine   Investors' Room 
 CFDs   Shares   SIPPs   ISAs   Forex   ETFs   Comparison Tables   Spread Betting 
You are NOT currently logged in
 
Register now or login to post to this thread.

The Forex Thread (FX)     

hilary - 31 Dec 2003 13:00

Your browser does not support JavaScript! Your browser does not support JavaScript!
Your browser does not support inline frames or is currently configured not to display inline frames.
Forex rebates on every trade - win or lose!

jeffmack - 04 Feb 2005 13:53 - 3349 of 11056

1.88 was a good long opportunity for the brave

mostrader - 04 Feb 2005 13:55 - 3350 of 11056

chrsit in @ 08 out @ 38 cmc going bonkers........:)

BrianTrayda - 04 Feb 2005 13:59 - 3351 of 11056

Greenspan effect - power of the man eh... He's live on Bloomy TV - in London atm.

mostrader - 04 Feb 2005 14:01 - 3352 of 11056

aggh explains it jm do u use cmc....
ive found that when it zips about like that i just leave my ticket even if the price has moved like then i bhgt @ 08 it was15/18 on screen..it then went green @ 08 mrkt was 21/24....

BrianTrayda - 04 Feb 2005 14:13 - 3353 of 11056

He's finished. :)

mostrader - 04 Feb 2005 14:18 - 3354 of 11056

cheers bt...

mostrader - 04 Feb 2005 14:26 - 3355 of 11056

well got 30 tics small beer ..bloody annoyed i didnt set a oco over figs...

davspeed - 04 Feb 2005 14:35 - 3356 of 11056

Mos don't be to upset I was in the middle of a busy shift change over at work between 1:30 and 2 just got home to find its all over.

Roll on full time trading

mostrader - 04 Feb 2005 14:41 - 3357 of 11056

dav.yep more gutted i didnt set myself up for it..iam here all bliming day but was loading up s+p entrys etc ...but 30 tics still there...
plenty morec action to come friday 3 figs puls end of week squaring up wud not surprise me on stg if we tested week low`s 8770

jeffmack - 04 Feb 2005 16:21 - 3358 of 11056

mos, yes I use CMC. Will have to try that trick. I think you have said before, trading FX through CMC is sooooo different to trading shares. You dont get all those silly requotes and tickets get filled straight away.

Maggot - 04 Feb 2005 16:44 - 3359 of 11056

I deliberately didn't trade the spikes, as I didn't feel confident.

Question: If you set a limit price with cmc spreadbet to open on fx, surely on the sort of spike we had today it goes straight through the set price, doesn't it? Or does it still automatically open the bet even if that price is not specifically shown?

davspeed - 04 Feb 2005 17:03 - 3360 of 11056

Good question Maggot I don't normally use limits to open positions but have been stopped out when spikes have gone against me and they have always been on the price I set unlike when you get a jump in a stock and they give you the next closest price traded to your stop. This is only in my experience though others may have found different

mostrader - 04 Feb 2005 18:45 - 3361 of 11056

to be honest magg not that sure ive set stop entrys and always got them done as dav said they wud certainly stop you out..ive found them pretty good but on a massive 30 tic gap iam not 100 %.

mg - 04 Feb 2005 18:53 - 3362 of 11056

Well - what an afternoon you guys must have had. Arrived home to see my sell was triggered - and my buy - they cancelled each other out for a net +140 - must go and play Golf more often ;)

davspeed - 04 Feb 2005 18:56 - 3363 of 11056

Wow well done mg thats brilliant. Can we all come with you next time

chocolat - 04 Feb 2005 19:07 - 3364 of 11056

Fantastic, mg!
Leaving a limit buy order on @ 18690
And now I'm going out to play ;)

Seymour Clearly - 04 Feb 2005 19:25 - 3365 of 11056

Well done mg, just in myelf to see my long trigered @ 780 and my stop triggered @ 760, so -18 net on the day - only 1 a point fortunately. Incredible! Thought it was safe today.

jeffmack - 06 Feb 2005 20:39 - 3366 of 11056

U.S. DOLLAR MARKET ANALYSIS
Saturday, February 5, 2005 12:20 GMT Weekly Commentary By Investica http://www.investica.co.uk  
Dollar confidence - temporary or permanent?
Confidence in the US economy and markets has improved, helped in part by more optimistic comments from Fed Chairman Greenspan and some optimism over action to tackle the US deficits. In this environment, the markets are more prepared to focus on interest rate differentials and this will underpin the US dollar in the short term even though the expectations of a more aggressive Fed monetary policy have faded. The calm financial markets will also help ease immediate fears over US financing difficulties. There will still be longer-term fears over the current account and budget deficits as the structural position is still precarious. There will also be structural Euro buying as central banks will continue to diversify away from the dollar. There is also a risk that the US economy will slow over the second half of 2005 as spending slows. Overall, the dollar is likely to be stable to slightly stronger in the short term as yields offer support, but the currency is likely to face fresh losses on a six-month view. The dollar retained a firm tone over the week and, after a tough struggle at 1.2940, the US currency strengthened through this level on Friday and reached a high of 1.2860. As expected, the Federal Reserve increased interest rates by 0.25% to 2.5%, the sixth consecutive 0.25% rate increase. The Fed statement was also in line with expectations. The Fed still considers monetary policy to be accommodative and expects that further rate increases will be required. The inflationary trends will also need to be monitored, especially as recorded productivity growth slowed in the fourth quarter to an annual rate of 0.8%, the slowest growth rate for six years. At this stage, the Fed appears confident that it can maintain a measured tightening stance. The US employment report was slightly below expectations with a 146,000 January increase compared with expectations of a 190,000 increase while the increase for the previous two months were also revised down slightly by a total of close to 30,000, but the unemployment rate dipped to 5.2% from 5.4%. The steady payroll increase will encourage the Fed to maintain an unchanged policy stance and a further series of 0.25% rate increases at the next few Fed meetings. The other US data was close to expectations, although the ISM manufacturing and services sector indices both recorded a decline over the month. While jobless claims fell to 316,000 in the week and consumer confidence was little changed. US financial markets are likely to look upon the economic prospects as generally favourable in the short term and this should draw funds into the US currency. The yield differentials will also offer near-term support to the US currency. Dollar confidence will also be boosted by US financial-market stability. There will still be underlying concerns over the budget and current account deficits. Fed Chairman Greenspan chose to make a generally more optimistic assessment of the deficits issue in a speech on Friday, stating that the action to curb the budget deficits, coupled with market action, would help stabilise and start to lower the trade deficit. This provided a boost to financial markets, but investors will also want evidence of action to curb spending and the US budget will be closely watched. The underlying current account position is also still precarious and any faltering of confidence would expose the dollar to renewed and potentially heavy downward pressure. The Euro-zone data was slightly stronger than expected with the PMI indices for the manufacturing and services sectors both recording a slight advance for January. German industrial orders also rose strongly, but there was a decline in retail sales and the unemployment rate pushed above 5mn due to revised calculation methods. The ECB left interest rates unchanged at 2.0% and the banks comments were mixed. Although the ECB is confidence that inflation will decline to below 2.0%, the ECB is also concerned over the impact of high property prices within the Euro-zone. The most likely outcome is that the bank will keep policy on hold over the next few months. The Euro should still gain underlying support from central bank reserve shifts away from the US currency.  

jeffmack - 06 Feb 2005 20:41 - 3367 of 11056

Economic calendar for week 6 from 6 Feb. 05 to 12 Feb. 05
7 Feb. 05 00:30  Reserve Bank Monetary Policy Statement (Australia)       
7 Feb. 05 06:45  Unemployment Rate - SA (Switzerland)  Jan    3.8% 
7 Feb. 05 08:30  Budget Deficit (Sweden)  Jan    -25.9B 
7 Feb. 05 09:00  Industrial Production - MoM (Norway)  Dec    -1.3% 
7 Feb. 05 13:00  Building Permits - MoM (Canada)  Dec  -2.3%  9.3% 
7 Feb. 05 20:00  Consumer Credit (US)  Dec  $6.5B  -$8.7B 
8 Feb. 05 00:01  BRC Retail Sales Monitor (UK)       
8 Feb. 05 00:30  National Australia Bank Business Survey (Australia)  Jan     
8 Feb. 05 05:00  Overall Household Spending - MoM (Japan)  Dec    0.8% 
8 Feb. 05 05:00  Eco Watchers Survey: Current / Outlook (Japan)  Jan    44.2 / 44.0 
8 Feb. 05 08:00  Trade Balance (Hungary)  Dec    -250.0M 
8 Feb. 05 08:00  Unemployment Rate (Czech Republic)  Jan  9.9%  9.5% 
8 Feb. 05 08:00  CPI - MoM (Czech Republic)  Jan  1.0%  0.1% 
8 Feb. 05 08:00         
8 Feb. 05 11:00  Industrial Production - MoM (Germany)  Dec    -1.5% 
8 Feb. 05 13:15  Housing Starts (Canada)  Jan  230K  234.4K 
8 Feb. 05 23:30  ABC Weekly Consumer Confidence (US)  Feb 6    -11 
8 Feb. 05 23:30  Westpac February Consumer Confidence (Australia)       
9 Feb. 05 06:00  Machine Tool Orders - YoY (Japan)  Jan    50.9% 
9 Feb. 05 09:30  Industrial / Manufacturing Production - MoM (UK)  Dec    0.2% / -0.1% 
9 Feb. 05 09:30  Visible Trade Balance (UK)  Dec    -4589.0M 
9 Feb. 05 13:30  NIESR GDP Estimate (UK)  Jan    0.4% 
9 Feb. 05 15:00  Wholesale Inventories (US)  Dec  0.9%  1.1% 
9 Feb. 05 15:30  DOE/ API Weekly Crude Oil Inventories (US)  Feb 4     
9 Feb. 05 23:50  Domestic CGPI - MoM (Japan)  Jan    0.0% 
10 Feb. 05 00:00  Consumer Inflation Expectations (Australia)       
10 Feb. 05 00:30  Unemployment Rate (Australia)  Jan    5.1% 
10 Feb. 05 00:30  Employment Change (Australia)  Jan    29 
10 Feb. 05 00:30  Participation Rate (Australia)  Jan    63.8% 
10 Feb. 05 05:00  Machine Orders - MoM (Japan)  Dec    19.9% 
10 Feb. 05 06:45  SECO Consumer Climate (Switzerland)  Jan    -13 
10 Feb. 05 07:00  Trade Balance (Germany)  Dec    11.9B 
10 Feb. 05 07:45  Industrial Production - MoM (France)  Dec     
10 Feb. 05 09:00  ECB to release Monthly Report (EU)  Feb     
10 Feb. 05 09:00  CPI - MoM (Norway)  Jan    -0.2% 
10 Feb. 05 09:00  PPI including Oil - MoM (Norway)  Jan    -3.6% 
10 Feb. 05 09:30  Total New Construction Orders (UK)  Dec    2474.0 
10 Feb. 05 12:00  BOE Announces Rates (UK)    4.75%  4.75% 
10 Feb. 05 12:00  Industrial Production / Orders - MoM (Sweden)  Dec    -2.2% / -1.9% 
10 Feb. 05 13:30  SARB Announces Rates (South Africa)    7.5%  7.5% 
10 Feb. 05 13:30  New Housing Price Index - MoM (Canada)  Dec  0.3%  0.5% 
10 Feb. 05 13:30  International Merchandise Trade (Canada)  Dec  C$6.3  C$7.3 
10 Feb. 05 13:30  Weekly Initial Jobless Claims (US)  Feb 5     
10 Feb. 05 15:30  EIA Weekly Natural Gas Storage Change (US)  Feb 4     
10 Feb. 05 19:00  Fed's Stern Speaks on Monetary Policy in Montana (US)       
10 Feb. 05 19:00  Monthly Budget Statement (US)  Jan  $5.1B  -$1.4 
10 Feb. 05 21:45  Unemployment Rate (New Zealand)  Q4    3.80% 
11 Feb. 05 00:30  Home Loans (Australia)  Dec    2.7% 
11 Feb. 05 07:50  Gross Domestic Product - QoQ (France)  Q4     
11 Feb. 05 19:50  Fed's Yellen and Fed's Bernanke to Speak at Economic Summit in Stanford (US)       

mg - 07 Feb 2005 00:06 - 3368 of 11056

Well, could be a bit risky overnight but I've place orders to open buys - to be triggered @ 690, 680 and 670 ...... was going to stay up and play whilst watching the Superbowl but think I'll watch it in bed - SB - not cable ;)

Not around most of the early part of next week so I may well pull them if I wake up to find them way off the money.
Register now or login to post to this thread.