Forex rebates on every trade - win or lose!

Mel:

To be honest, I never use IE anymore, especially the accursed IE7. I use either Firefox or Opera. Both now work with most sites. IE is a browser of last resort for me.

Cheers MM.

Looks like I'll have to live with it. No point in taking the risk of
leaving myself open to attack. Bi$$y Gates must have put it in
IE7 for some reason.

I'll have a look round the Firefox one you recommend sometime.
Try it out on my old laptop first to see if it conflicts with any of my stuff.

I've noticed that since I've got WinXP I can no longer access CMC's
MarketLite web based version.
I just get little red boxes where the Log in and stuff should be and
messages about Jave error exceptions or something or other.

The trouble with the MarketMaker platform itself is that it grabs loads of computer
resources, and I like to have other Windows open, especially my
CapSpreads account.

Never mind. Worse things happen at sea, (or so I'm told) :-)

Looks like Bernanke's winning the fight with the Bond boys.
Should support Dollar crosses as well.

Link to today's action

NEW YORK (MarketWatch) - Treasury prices closed lower Thursday afternoon,
pushing the benchmark yield to its highest level in three weeks, after the Labor
Department reported an unexpected rise in import prices for last month alongside
a drop in jobless claims in the latest week.

and from yesterday

Link to weak auction

Treasurys dented by strong retail sales report
A tepid response to an auction of 10-year notes compounds selling pressure

Limp demand for a sale of $8 billion in new 10-year notes added to the pressure on
prices.

All the action, UK based anyway on the pound and the Euro lately, has been centred on the dollar.
Yen hasn't been tracking that though and GBP/Yen highest it's been for some time. USD/Yen also at times heading in opposite direction to pound/dollar.
Likelihood of no rate rise there next week now presumed and Tankan survey tonight may start counter moves. If it moves thin Christmas markets (similar to Thanksgiving) might see it move more than it otherwise might.
Anyone got COT type? figures on this.
Have gone small short GBP/Yen

Hey Bak congratulations of the good news just looking thro the forex thread trying to get back to it

1.9600 a possible floor to go long on this am..
its is on a rising support line
Its obvoiusly going to $2 its just the case of when...
1.9700 the big hurdle

It seems to be constrained by the Asian boundaries atm - 1.9593 to 1.9622. 10-minute says up, but that could easily change with the downleg on the 1-minute.

What's happened to the Global Calendar on Squawk Box? Says it's moved to 2417, but how do I get that? I've been around so little lately that I haven't even printed a calendar for this week and it's Friday already.

1 min Hils.
I a looking at the traders chart...
which is now giving me a narrow range of play
from 1.9620 to just under 1.9700

the rounded bottom and long tails of the last 4-5 bars gives me cause to be slighly optimistic

Hopes dashed again

I'm short.... so I guess it's safe to go long :-0

Watch your stops around 1330 and 1400 (UK Time) when we get
the US CPI and TICS data. If they're too far out of whack with
concensus estimates then expect some volatile trading in all asset
classes. (imho).

MACD on the 10-minute levelling off and possibly starting to turn up, but stochs still heading firmly down although oversold. No need to do anything yet imo except to tighten the stops on the shorts ahead of the data.


[13:02 Data on Tap - CPI, Real Earnings, IP and Cap U, TICS] Boston, December
15. With the NY Fed having to formally release their Empire State Manufacturing
Survey yesterday afternoon (See 42300 ), the 13:30 time stamp is less cluttered.
Still, along with CPI come real earnings, which should slow dramatically after
gains of 1.0% and 1.3% in the two prior months, at 13.6% annual rate. Keep in
mind, there is also TIC data at 14:00, though IFR does neither surveys nor
forecasts for this series. In October, foreigners bought $53.7 bln in US
assets. Custody holdings have shown steady, large advances in foreign purchases
of Agency securities.
[Consumer Prices (Nov)] IFR expects no change in the all-items CPI and a
0.2% increase in the core index. The most significant benefits of the retreat in
energy prices have already been felt and toward the end of November commodity
prices had built a base of support to move higher. The housing index, which was
unchanged between September and October should prevent any increases in the
headline CPI and could post its first decline since April 2003. As housing
represents more than 40% of the total index, there could be a small drop in the
headline index even without a third straight drop in the transportation index
owing to lower fuel charges.
Commodities prices fell by 1.6% between October 2005 and October 2006, the
most in any 12-month period in the last 4.5 years. But services prices (+3.4%
y/y) remain elevated beyond the Fed's comfort level. A year-ago core CPI print
above 2.8% would spook the bond market while a print below would hardly soothe
it.
[Industrial Production and Capacity Utilization (Nov)] IFR sees no change in
industrial production in November. In October, we expected a 0.2% drop but our
call was overtaken by gains in mining and utilities, up 0.6% and 4.1%,
respectively. Manufacturing output, representing 87% of all industrial
production, declined 0.2% in October, generally as expected. Excluding motor
vehicles and parts, manufacturing output rose 0.1% in October.
Capacity use edged higher by 0.1 pp in October to 82.2%, though the factory
use rate declined for a second straight month. Capacity use in manufacturing
slowed to 80.7%, a 5-month low. Thanks to the profitability of petroleum
extraction, capacity use in mining stood at a 65-month high in October but is
seen moderating over the next several months.
DATE TIME RELEASE UNIT PER IFR Est PREV MEDIAN RANGE
15Dec 13:30 CPI %m/m Nov 0.0 -0.5 0.2 -0.1 0.3
15Dec 13:30 CPI Core %m/m Nov 0.2 0.1 0.2 0.0 0.3
15Dec 13:30 Industrial Prod %m/m Nov 0.2 0.2 0.0 -0.1 0.2
15Dec 13:30 Capacity Util. %,AR Nov 82.2 82.2 82.1 82.0 82.3

Hmmmmm. The Ruskies were allegedly buying large slugs of fiber a few minutes before the data was released. Cue the conspiracy theorists.

:o)

I bet they've sold the squeeze now.

Told you to go long :-(

Thanks SC :-)

Well I sold at my trigger of 1.9565 but not looking to day trade looking to catch the medium / longer term trends.

Trailing 100 stop loss.

happy GBP/Yen short here but why can't I concentrate on more than one cross at a time? Plenty of volatility

Evening.
Last missive of the week to Miss M. The folk who are going to be giving
her the deciding interviews for the Investment Banks are back off their Hols,
but they haven't told her if they'll be seeing her before Xmas or not yet.
So she's holding fire in London until Friday before coming home for Xmas.
I'm more nervous than she is. You'ld think it was me going for the
position, not her! She's not bothered either way!
Yoof, eh? Doncha just love it. :-)

Great to see some more folk on here saying why they're taking positions.
I like to hear other folk's perspectives. You're always learning in this game.

Last stuff of the week below.
Now for a well earned rest. :-)

Mel:

So Miss M is in the Catherine Tate role: "Am I bovvered?"

Best of luck to her, if she's taken all the paternal tutoring in, she's well prepared.

MM