Forex rebates on every trade - win or lose!

J'ai une grande enough probleme avec le laguage de candlestick! Havent written french for nearly fourty years orspoken much either. Trying to learn spanish at the moment and dont seem to be getting on very well, odviously getting too old!

Odviously :)

goforit:

J'ai une grande enough probleme avec le language de candlestick!

You've got it!

Pace likely to pick up on Wall Street
AFX


NEW YORK (AFX) - After an extended summer vacation, Wall Street is expected to get back to its normal energetic pace this week with the release of August consumer price and retail sales reports.

Although trading volume on Wall Street will likely be light the first part of the week, as it was for much of the past month, the big economic data including the Commerce Department's retail sales figures and the Labor Department's consumer price index will come at the end of the week, Thursday and Friday respectively. The reports, being released just days before the Federal Reserve's Sept. 20 meeting on interest rates, are likely to awaken traders from their summer doldrums.

In the meantime, investors will get a look at how some of the big brokerages are faring as the economy slows, with reports due from Goldman Sachs Group Inc., Lehman Brothers Holdings Inc. and Morgan Stanley.

The market will also be waiting to see whether more companies issue warnings about third-quarter profits -- Wall Street was rattled last week by warnings from several homebuilders, all of which noted a precipitous drop in demand.

The Fed left interest rates unchanged at its last meeting but before that raised rates 17 straight times over two years. Many on Wall Street worry that the Fed might have overreached in its quest to contain inflation by throwing too much cold water on the economy.

Another factor in last week's erratic market was a disappointing wage inflation report from the government -- some analysts haven't ruled out a resumption of rate hikes by the Fed. The major indexes fell last week despite gains Friday, with the tech-heavy Nasdaq composite index falling 1.25 percent. The Dow Jones industrials slipped 0.63 percent, while the Standard & Poor's 500 index lost 0.92 percent.

Wall Street will also be watching the OPEC meeting in Vienna Monday, to see whether if the oil producers decide to adjust output. Oil has fallen from highs in July and dropped below $67 a barrel last week as domestic inventory figures showed increases and as tensions with Iran over its nuclear ambitions eased, at least for the time being.

A lighter-than-expected hurricane season and the end of the summer driving period also helped bring down prices, with light, sweet crude settling at $66.25 a barrel Friday on the New York Mercantile Exchange.

Monday will also see some sobering moments on Wall Street, as the markets observe the fifth anniversary of the Sept. 11, 2001, terror attacks. Traders will mark the occasion with a minute-long silence before the opening bell. Though the Dow has recovered much of what it lost following the attacks, it hasn't closed above 11,000 since June 7, 2001.

ECONOMIC DATA

On Thursday, the Commerce Department is scheduled to release its monthly retail sales report, which many on Wall Street view as an up-to-date snapshot of consumer spending behavior. Then, on Friday, the Labor Department is set to release the consumer price index, the key measure of inflation. Wall Street will be watching this number closely as it tries to determine the Fed's next move.

Chocky, You have mail.

Ta chocky, see golds down abit this am

et bon jour tout la monde et pas de position

I am sure nothing attracts new people to post to this thread more than
smart comments in a foreign language...Well done... !!

Cable rebound this week...?
US rates..worries they have gone to far
thoughts on were we are headed rate wise in the uk 0.25% more this year and thats it.. even if correct...its more about whats on the cards for H1 2007..

Any thoughts appreciated...(Answers in English please )

Hi foale, I am designing a new system, traded it tue, wen and thurs and it gave me 160 points on cable. I got asignal to place a short at 670 area this morning, but I havent.
It was interesting because all my trades were executed by market order last week, it certainly improved my entry levels on my trades, cant say the same for my exits.

Foale,

I read a fair bit in the weekend press about the knackered US housing market which should make it difficult for the Fed to raise rates in the near term and the article concluded that last week's Dollar rally was a bit overcooked.

Fwiw, I see cable as a long this morning. I also think that the going will be quite laboured south of 1.87 which is where the falling resistance line of last week's down move is sited.

UK Producer Price Index (MoM) (AUG) (08:30 GMT; 04:30 EST)
(Input) (Output)
Consensus: -0.5% 0.2%
Previous: 1.1% 0.2%

Outlook: UK producers margins are expected to have widened in August as economists predict input prices contracted for only the second time in 20 months while output prices hold steady. Expectations for a drop in the average price paid for raw materials last month seems well founded. From July, costly crude oil prices dropped nearly 14 percent. Additionally, metals were less expensive for the same period; gold eased 10 percent and copper fell 13.5 percent. One expense that was unshakeable for the period however was borrowing costs. The Bank of England raised rates twice this year in an effort to contain a resurgence in consumer price indices. While costs were sinking, the ability to pass the buck on consumers was questionable. An earlier released manufacturing health survey for the month of August reported a contraction from 53.6 to 53.1, but the CBI Industrial and Distributive Trade Trends both improved for the period. A trimming of costs at the factory door therefore may count more on demand. Orders from abroad were likely stifled by a more expensive currency while sharp drops in both the GfK and Nationwide Consumer Confidence reads pegged local consumer trends. If prices start to ease, the BoE may find less need to hastily counteract a sudden rise in the CPI in the months ahead.

Previous: Prices received at the factory gate rose 0.2 percent for the month of July and accelerated 2.8 percent on the year. This increase in prices received from customers reflected UK manufacturers efforts to pass soaring energy costs off of their books. The price per barrel of crude oil reached a record high in New York, pressuring the sector, which has struggled to pick itself up from its poor performance over the past few years. Of the products tracked, a few groups were accounting for the bulk of the increase. Prices in the material and fuel sector surged 9.7 percent for the month, while those of wholesale tobacco and alcohol were 2.4 percent higher.


UK Visible Trade Balance (British pounds) (JUL) (08:30 GMT; 04:30 EST)

Consensus: -6.200 Billion
Previous: -6.436 Billion

Outlook: The UK trade balance in the month of July could narrow to a NZ$6.100 billion as a result of export growth and a contraction in imports for a second consecutive month. A pickup in Euro-zone demand for UK products could be the primary driver behind an improvement in the trade balance. However, the continued weaker-than-expected trade data in recent months highlights the economys struggle to benefit from buoyant global demand in general.

Previous: The goods trade shortfall tightened less than the market had projected in June to a 6.463 billion deficit from a revised 6.980 billion in May. Exports actually fell 1.2 percent in June, while imports backed off 2.7 percent in the same period. The non-EU trade gap also narrowed in June to 3.150 billion from a 3.600 billion shortfall, while the Euro-zone goods balance worsened to a deficit of 2.530 billion - wider than the previous months 2.460 billion. While diminishing demand for imports by UK consumers has helped to limit expansion of the trade account, a struggling manufacturing sector and a strong pound restricts the ability of exports to flourish.

Ventured a small long last night with a 50 pt limit.
Very uneasy about starting another one now though.

PS Mark - you sure you pressed the right button? No mail.

bit of a fiddlers elbow atm

anyone trade usd/yen

Ha - missed some of it, but in again.

Nice to see some activity on here even if it's in french. Hope the postings continue. I'm proficient in "crap". Does that qualify as a language? lol

I'm long from 8648 earlier this morning :-)

Just out my USD Yen long from the early AM...
Going to struggle to get over 117.50 imo

thanks for comments guys..
agree Hilary re US economy...
although I am sure the squabling school boys that run the
country not helping.

Thought these two charts were interesting following last weeks fall. I don't use Fibs but seems a lot of Forex traders do so thought I would just keep an eye on them for a while. Hokem Pokem to me but but I presume they become self fulfilling in the end and therefore perhaps should not be dismissed entirely. Any thoughts?




It's interesting to note that EUR/USD has fallen to the 61.8% Fib. Cable has retraced only to the 50% mark. If Cable fell to the 61.8 line then that would take it down to 8489. Not saying it will but if the 50% level doesn't hold then who knows??????

H, dont use fib that much, and tend to use it over longer periods and note where S&R happens at fib levels.
Where the 50% is on your cable chart is also the area where the 23.6% fib level is from the dec 2005 low to the aug high. Its an area that has had action around it before over the last couple of years. Time will tell. Probably got an ascending triangle thingie forming as well!

Is it up or down from here?

P.S. sorry cant print charts on here

I'm getting really cheesed off with this now.

Is it just me or has the whole internet thingie been real pants for the last week or so? Every site that I visit seems to take a month of Sundays to load (and that's even if it does actually load). Today was difficult enough as it was without bloody internet problems to boot.

Nah Hils - been a load of trousers here too. But then I always blame everything on me first :S

Ta for the fib thingies, Harlosh - as far as I'm concerned, they're significant when they're ... err, significant :) Don't treat them any differently from EW theory really. I could send you some GANN stuff if you're interested.

FWIW I'm still long cable in a few places for now - wishing I'd followed my original premise which was to reverse short on a rise - it would have been more satisfying :)