Forex rebates on every trade - win or lose!

Quite right, Hils - and your thingie begins with a W and mine doesn't ;)

And if cable gets back to 1.9050 then we'll be hot hot hot :o)

Snuggling, slopey thingies, slopey wotsits, all of which I understand but which pair is chunnel?

EUR/GBP ;)

We don't need it to get back to 1.9050 to be hot hot hot, Choccie.

:o)

Nothin' like a bit of extra fire though :o)

It's a Girl thing LOL

I have a target of 8614 from that news - but I daren't short it yet - do I?

Wow, this threads been active today. Keep it up people!

Major screw up with my ISP at work over the last 2 days and can only log in via 56k dial up :-(

Time to switch ISPs.

Thanks Choccie.

Still learning via mistakes on my dummy account (before I finally admit defeat and convert to covered call options & warrants, etc.!). I am told that there are 5 main "indicators" which if 4 (or ideally all 5) are effectively saying the same thing, ie to go long or short on a partcular pair, then this is the only time you should press the keypad! Is this basically what most of you do or perhaps you all have your own individual methodology, ie. some do graphs only, some use pivot points and histograms, some use MACD only, and so forth.....?

Just curious - M (novice Fx dummy trader - still!!).

Markus - Indicators do exactly what it says on the tin - they only indicate.

The most important thing IMHO is price combined with support and resistance. The indicators may then help to confirm what you see in the price.

You need to sort your own system out so you know it, understand it and trust it.

Then you'll get there in the end.

If we're doing "The Bucket", here's my lines.

Treasury bond prices rise
AFX


NEW YORK (AFX) - Treasury prices rose modestly Tuesday, boosted by weak industrial production data and record foreign buying of U.S. securities.

However, gains were clipped after a private sector housing indicator rose, breaking a string of eight straight declines.

At 5 p.m. EDT, the 10-year Treasury note was up 3/32 from Monday. Its yield, which moves in the opposite direction, fell to 4.77 percent from 4.78 percent.

The 30-year bond was up 6/32, its yield fell to 4.90 percent from 4.91 percent.

The 2-year note was unchanged, yielding 4.84 percent, which was down from 4.85 percent.

Yields on 3-month Treasury bills were 5.09 percent as the discount rose to 4.96 percent from 4.93 percent.

The National Association of Home Builders' index for sales of new, single-family homes rose one point in October to 31. The increase this month followed an unrevised reading for September of 30, the lowest monthly index in over 15 years.

The data led to a gradual unwind of the gains Treasurys had made earlier in the session, helped by weaker than expected September industrial production reading and data from the Treasury Department showing record net capital inflows into U.S. securities in August.

Michael Cloherty, head of interest rate strategy at Banc of America Securities, said the NAHB number offered fresh support to those who believe the housing slowdown will avoid being so severe that it drags the rest of the U.S. economy down with it.

'Is this a real sign of strength in the housing sector? Absolutely not, but at least the rapid descent has stopped,' Cloherty said. This is one of several recent 'glimmers in the housing market that say that the acute slide that we saw in the third quarter will moderate somewhat in the next couple of quarters.'

The Federal Reserve has held rates steady at 5.25 percent for the last two meetings, citing a slowing economy -- especially weakness in housing. Policymakers say slower growth will tame inflation over time, though officials have warned that they remain concerned about price pressures.

So US government debt is stretching to $9 trillion. To service that debt they have to sell on around $1 billion per day in new debt - and more than half of it is already piled up in foreign climes. Given that the US has little capacity to rein in its profligate spending and neither the intent nor the ability to actually pay off all that debt in dollars that are worth anything, interest rates must surely rise in order to entice investors to keep up the bidding at Treasury auctions?

Whilst the Fed still has the power to push interest rates either way, it's on a very sticky wicket: cut rates at the risk of triggering a flight from the $, push rates higher to avoid this and it hammers harder on the housing market. About 40 percent of all new jobs created in the US private sector over the last few years are related to housing.

So which is it to be? Continue to raise rates to prevent the $ from collapsing and crush the domestic economy in the process - or stop raising rates and let the lynchpin of the global economy collapse.

The consensus is that foreign owners of the big green sludge pile are generally looking to sell. We saw what happened last year at the mere hint of a sniff of a rumour of dumping.

A collapsing currency at least has the virtue of reducing the real cost of paying off all those darling little Treasury bonds - imo.

I recall when I was small
How I spent my days alone
The busy world was not for me
So I went and found my own
I would climb the garden wall
With a candle in my hand
I'd hide inside a hall of rock and sand

Found this in my box today ;)

If the music stopped ...


Volcker Says Inflation May Accelerate, Become Harder to Contain

By Scott Lanman

Oct. 17 (Bloomberg) -- Former Federal Reserve Chairman Paul Volcker, who put an end to spiraling prices after taking office in 1979, said he's concerned U.S. inflation may quicken faster than the central bank can control it.

"I don't think it's impossible that it will build up a little momentum,'' Volcker said in an interview with Charlie Rose aired last night on the Public Broadcasting Service. "We're not on the verge of a great big inflation; I just don't want to see it build the momentum that makes it harder and harder to control over time.''

Volcker, echoing comments he made last month, stopped short of critiquing specific actions by current Fed Chairman Ben S. Bernanke, who took the central bank's helm in February and led the decision to August to end a two-year run of interest-rate increases. Bernanke and other Fed officials say they expect inflation to decline because of a slower economy and a drop in fuel prices.

"I am a little concerned that there's a little too much tendency to say it's under control,'' Volcker, speaking about inflation, told Rose in the interview, taped Oct. 13. "It's not out of control, but it's been rising, and, you know, you have to worry about that.''

Volcker, 79, had said Sept. 25 at a New York discussion that the inflation rate "is kind of creeping up, and I am impressed by the degree of pressure, if that is the right word -- psychological pressure, political pressure -- there is not to do anything about it.''

'Reach Your Conclusions'

Asked by Rose on the program if Volcker was saying inflation may not be "under control,'' he responded, "I'll let you reach your conclusions.''

Bernanke, 52, is a "very able economist,'' said Volcker, the central bank's chief until then-President Ronald Reagan appointed Alan Greenspan in 1987. "He's doing a very able job. So far, things have been reasonably calm.''

The central bank's preferred inflation measure has been running above the
comfort level specified by Bernanke and other Fed officials for more than two years, though it's less than one-third the average level from Volcker's first couple years in office.

According to minutes of the Fed's Sept. 20 meeting, members saw a "substantial risk'' that inflation may not recede as they expect.

"It's quite evident that in their debates, in internal debates, the kind of inflation risk that I have mentioned is very apparent in those discussions,'' Volcker said. "They have balancing considerations, but you're not going to get me to try to steer monetary policy when I haven't been there for 20 years,'' he said, laughing.

The world economy is doing "miraculously well,'' Volcker said, describing it that way "because there are some big imbalances underneath all of this,'' especially the flow of capital into the U.S.

"If the music stopped or slowed down a bit in terms of the foreign money coming in, you've got a potential problem'' for the dollar and inflation, Volcker said.

Possoble break higher for Cable today if it can get over. 1.8710-15 area

Well I'm long since yesterday. Some commentary suggesting the Philly fed will be bullish for the $ so we'll have to w&s.

hey your going the wrong way