Forex rebates on every trade - win or lose!

Long cable 19040 - stop firmly in place if it pulls back more.

Blimey, what's got into it?

hi chocco i got rogered over the figs toppped and tailed...
never mind smal long @ 50..stop@ entry

good call chocs

Ooops, mos. Charts got stuck here, so panicked a bit until I got them back.

well ive been up , well down and this move has squared me up to small up..was a tooser over the figs..... such is life

I wasn't sure, jeffie - it's hard to call the pullbacks, just grabbed 30 odd off a long this morning...I actually thought I might find I'd been stopped out of this one by the time I got home this evening. Still hopeful of the target this morning, and today would be nice.

I'm currently short USD/JPY at 104.18. will probably leave overnight

I see that E*Trade are introducing a spreadbetting service. Spreads look to be same as CMC so might take a look at the platform.

E*Trade Spreadbetting

Like to think we might see USD/JPY head down to the 103 level

When you think that South Korea's central bank has been building reserves of over $200 billion, it'll be interesting to see the ramifications of their decision to diversify their holdings. Russia's already done it, who'll be next?

What have I missed?! Not complaining, have to make a large payment in USD tomorrow!

jeffmack

Have a look at
Capital Spreads

and click on the link to beginners guide - then do the same for the E-trade spreadbet offering. Look similar?

E*TRADE Securities Limited, 42nd Floor 1 Canada Square London E14 5AA etc,ect.

Applications for Spreadbetting are introduced to London Capital Group which is authorised and regulated by the Financial Services Authority. Registered address 51/55 Gresham Street London EC2V 7EL.Registered No: 3218125.

EUR/USD

Important resistance is seen in the 1.3268 area. Support was found in the 1.3205-1.3215 area (trend line of 1.3183 thru 1.3193) and also
at 1.318. New tests of the 1.327 resistance are possible. Current quote is 1.3245

Recommended trades:

Long at 1.3225/35, t/p @1.3285, s/l @1.32

USD/JPY

The support level at 104.38 will probably be tested today. Important resistance was found at 105.12. Current quote is 104.75

Recommended trades:

Forex - US dollar weaker vs yen, euro in Tokyo early afternoon trade
Thursday, February 24, 2005 4:55:06 AM
http://www.afxpress.com


TOKYO (AFX) - The US dollar was softer against major currencies, including the yen, in early afternoon trade here, after US inflation data and the minutes of the US Federal Open Market Committee (FOMC) provided no surprises overnight, dealers said. The US unit remained caught between bouts of offers from local exporters near and above the 105 yen mark and outflows by institutional investors looking for US assets for fresh investments, leaving the unit stuck in ranges, analysts said. In New York overnight, tame US consumer price index data and the FOMC minutes eased investor expectations that the US Federal Reserve will accelerate the pace of interest rates hikes, prompting runs of the dollar selling, dealers said

Speculation of continued interest rate hikes by the US central bank to counter inflation, thus raising returns on dollar-denominated assets, had previously provided support to the US unit. At 1.15 pm (0415 GMT) here, the dollar stood at 104.73 yen, down from 104.94 a few hours before in Sydney and from 104.76 in New York overnight. The US unit had traded in a range of 104.66-105.08 here

One euro was buying 1.3236 usd, compared to 1.3207 usd earlier in Sydney and 1.3233 usd in New York. The euro had moved between 1.3194 and 1.3244 usd here

"The US dollar remains top-heavy above the 105 yen level, with quite a few selling orders from exporters parked above that level," said Osamu Takashima, chief currency analyst at Bank of Tokyo-Mitsubishi Ltd. "It's not easy for the US unit to breach that level decisively." Takashima expects the US unit to trade in a range of 104-106 yen in coming weeks, saying that the US unit likely caught between bargain-hunters and exporters' selling interest. Tokyo (0415 GMT) Sydney (0040 GMT)
US dollar yen 104.73 down from 104.94 sfr 1.1613 down from 1.1637 Euro usd 1.3236 up from 1.3207 stg 0.6932 up from 0.6927 yen 138.64 up from 138.56 sfr 1.5376 up from 1.5368 Sterling usd 1.9085 up from 1.9066 yen 199.93 down from 199.95 sfr 2.2172 down from 2.2182 Australian dollar usd 0.7880 up from 0.7862 stg 0.4126 up from 0.4123 yen 82.550 up from 82.470 nozomi.toyama@xfn.com nt/jm For more information and to contact

Economic calendar for week 8 from 23 Feb. 05 to 25 Feb. 05

24 Feb. 05 00:30  Average Weekly Wages - QoQ (Australia)  Q4    1.3%  24 Feb. 05 00:30  Private Capital Expenditures - QoQ (Australia)  Q4  3.0%  1.3%  24 Feb. 05 05:30  Nationwide Department Store Sales - YoY (Japan)  Jan    -2.6%  24 Feb. 05 07:00  Import Price Index - MoM (US)  Jan  0.7%  -0.9%  24 Feb. 05 08:15  Employment Level - YoY (Switzerland)  Q4  0.2%  0.2%  24 Feb. 05 09:30  PPI - MoM (South Africa)  Jan  0.1%  -0.5%  24 Feb. 05 09:30  Total Business Investment - QoQ (UK)  Q4    1.0%  24 Feb. 05 13:30  Durable Goods Orders (UK)  Jan  0.0%  0.6%  24 Feb. 05 13:30  Durable Goods Orders Less Transportation (US)  Jan  0.4%  2.1%  24 Feb. 05 13:30  Weekly Initial Jobless Claims (US)  Feb 19  310K  302K  24 Feb. 05 15:30  API / DOE Weekly Crude Inventories (US)  Feb 18    5579K / 2100K  24 Feb. 05 21:45  Trade Balance (New Zealand)  Jan  -525.0M  -499.0M  24 Feb. 05 23:30  Tokyo CPI / Ex Fresh Food - MoM SA (Japan)  Feb  -0.1% / 0.0%  -0.5% / -0.3%  24 Feb. 05 23:30  National CPI Ex Fresh Food - MoM SA (Japan)  Jan  -0.2%  0.0%

Played like a right prat yesterday and gave SMC a slice of my pot.

another decent day on cable here some cracking moves..uk clearer sld it lower..
went long @ 20.
was the ryanair order 4yds

Looks like the 1:30's put the dollar under pressure