Forex rebates on every trade - win or lose!

Traders said the much-awaited U.S. payroll figures, due at 1330 GMT, would likely be a key factor for whether the dollar continues its bull run and tests next resistance around 112 yen and a three-month peak of $1.2055 versus the euro.

"The jobs data will be crucial for the dollar," said Kenji Kobayashi, senior manager of the foreign exchange and treasury division at Bank of Tokyo-Mitsubishi.

He said the dollar would likely continue moving upward if non-farm payrolls came in above 200,000 but if the figure turns out lower than 100,000, the U.S. currency could come under "very strong" selling pressure.

Economists polled by Reuters, on average, forecast a rise of 125,000 in February non-farm payrolls.

It's not going to take much to turn this $ strength
around, and when the direction does change, it'll
be a very rapid rise for cable, and to a lesser
extent the euro. Maybe the farm payrolls will
be the catalyst. No position yet for me.

Ranging ahead of the data, Beebs. Agreed it looks like it wants to push up, but there's also been suspected BoJ intervention this morning selling the Yen which can cause general greenback bullish sentiment to rub off on other crosses.

quite a nice base line here though hils - 181.80ish
if i had a big pot i'd start buying a little - say 25%
about now, but i don't, so just gonna watch till the
trend changes.

/$ through or bounce?
Plenty of bottoms on daily chart!

Through.. Resistance at 350 on the euro ongoing trend for the past 9 Days.

Im putting a big postion on down.. Im very convinced the dollar will get stronger.

thats 225 pips so far,
wish i'd taken my own advice !

Well I'm long from yesterday and I've been adding as it's been rising. Can't decide whether to cut and run into a rally or hold and add more. Decisions, decisions.

:o))))))

i thought 185 was quite enuf for today

Beebs,

I'll be surprised if it doesn't retest the 18500 again today.

dclinton:

If you're about, Andy Greener sends his regards . . . ;-)

have a quid with you hils on that

Last of the big spenders, eh Beebs?

:o)

My mind has been made up for me as to whether to cut or hold ....... I've lost my charts for the 2nd day running, so I've cut.

caviar and champers tonight you clever girl...


hmmmmm, now what shall i spend my on

Actually no ..... it's Chicken Korma for four and a few glasses of Chablis. And I wouldn't spend that 1 just yet if I were you ..... the bet's not over till 17:00 EST ....... it ain't over till the Fat Lady sings and she's not in her dressing room yet.

:o)

Hilary,....darling.....sweetiepie...

may have to reduce my exposure to you
very, very, soon..........

Do you need my address for that 1?

:o)

that was a bit close,
happy now though

cable's definately female,
gonna tease me for the rest of the day

well, well, well,
ftse - back to pre figs now
dow - ditto
cable, +270

I know this is a dumb question but you have got to start somewhere...

Hilary when they say you are long/short on the cables what does that mean...

(stupid question over from someone who has never traded currencies)