Forex rebates on every trade - win or lose!

Overall I think cable's heading up over the next day or so but right now I'm hanging in short 18812.

Well at least it made its mind up - stopped out b/e :)

Quick question from a newbie: Does anyone have any preference for who they put their trades through?

I'm using IGIndex at the moment for swing trading (sometimes keeping positions open for days), but their spreads on e.g. Jun05 are horrendous. 24 points for GBP/CHF or GBP/JPY. :-(

Who do others prefer? Any pointers appreciated!

I use CMC s/b - no problems so far

Cheers Sue, I'll take a look.

shano1
I use Capital Spreads - used to use IGI but their spreads are crap. Only problem is that Capital Spreads are not 24 hours - which is crap. But if you're taking the long view that shouldn't be a problem.

www.capitalspreads.com

i use finspreads: june cable 8 points, spot 6. not 24 hours either :(

Thanks fellas / fellesses, I'll add those to the list to check out further.

CMC's ok for 24 hour stuff - 3 point spread, but you have to be wary of overnight stops. Plus CMC can't requote FX.

One day mg XIV who had been stranded on a desert island for over 10
years, saw a speck on the horizon. He thought to himself, "It's certainly
not a ship." And, as the speck got closer and closer, he began to rule out
the possibilities of a small boat and even a raft.
Suddenly there emerged from the surf a wet-suited black clad figure.
Putting aside the scuba gear and the top of the wet suit, there stood a
drop-dead gorgeous blonde.
The glamorous blonde strode up to the stunned mg XIV and said to him,
"Tell me, how long has it been since you've had a cigarette?"
"Ten years," replied the amazed mg XIV. With that, she reached over and unzipped a waterproof pocket on the left sleeve or her wet suit, and pulled out a fresh pack of cigarettes.
He took one, lit it, and took a long drag. "Holy mother of God," said mg, "that is so good I'd almost forgotten how great a smoke can be!"
"And how long has it been since you've had a drop of good Scotch whisky?"
asked the blonde.
Trembling, the castaway replied, "Ten years."
Hearing that, the blonde reached over to her right sleeve, unzippped a pocket
there and removed a flask and handed it to him.
He opened the flask and took a long drink. "It's the nectar of God!"
cried the Yorkshireman. "It's truly fantastic!!!"
At this point the gorgeous blonde started to slowly unzip the long front
of her wet suit, right down the middle. She looked at the trembling man
and asked, "And how long has it been since you played around?"
With tears in his eyes, mg XIV fell to his knees and sobbed,
"Sweet Jesus! Don't tell me you've got golf clubs in there too!"

The Yen????????

Just my luck. Was short on the $/Yen when it dropped but had a buy-back order in at 47!

China banker: ready for yuan reform
But U.S. pressure makes it harder for central bank - report

By MarketWatch
Last Update: 4:16 AM ET May 11, 2005

TOKYO (MarketWatch) - A deputy governor of the People's Bank of China said the central bank is now "technically" prepared to carry out currency reforms, according to a published report Wednesday.


Rest of story here :- http://www.marketwatch.com/news/story.asp?guid=%7B3C0A2D82%2D6C6A%2D4A76%2DB9BC%2D2C64E34EAF9B%7D&siteid=mktw

I'm not sure what to make of that reaction other than to suggest that volumes were probably pretty thin for it move like that. The Yuan revaluation has been on the table for what seems like ages now. Cable didn't budge throughout the wild swings elsewhere. And only a few minutes before the Trade Balance figures too. Hmmmmmm.

choccie
How did you know that I'd been castaway - I thought I'd kept that well hidden 8-O

;))))))

Hils
Wondered about the Yuan news effect on cable - seems to be completely unphased by it.

http://www.nzherald.co.nz/index.cfm?c_id=1&ObjectID=10124890

(NZD)

"11.05.05

By Ruth Berry, Anne Beston, Derek Cheng and Ellen Read

The Government is bracing itself for the international reaction to what is believed to be a foot and mouth hoax.

Agriculture Minister Jim Sutton said last night the suspension of meat exports by some countries was a real possibility.

The crisis was triggered by a letter sent to Helen Clark that claimed the disease had been deliberately released on Waiheke Island.

Nervous eyes will also be fixed on the New Zealand dollar today as international markets continue to respond. The dollar dipped almost half a cent when news of the possible outbreak hit brokers screens late today.

Westpac senior currency strategist Johnathan Bayley said "spooked" overseas investors were the main sellers and there was a distinct possibility the kiwi would trade lower overnight as the news spread around the world.

Mr Sutton said overseas trading partners had been contacted. He would not be surprised if "one or two countries" imposed an export ban, but he hoped most would accept officials view that the scare was a hoax. "

strong US Retail Sales expected? so positive for dollar?
but imports component weak on yesterdays deficit figures.
So appears contradictory.
Dollar strength first?

Made a few cable points on the way down. Now looking to reverse - possibly 8-O

Oooops, forgot I had placed a buy order for overnight @ 650 - which has now been triggered. So long and nervous.

Long 635
Missed it all yesterday morning