Forex rebates on every trade - win or lose!

Dr Clearly failed to keep the bribes coming and Hilary has sent me a legible JPEG of the Calendar, so I've put that up. Sales of reading glasses will plummet.

And to think I gave you all the proceeds from the sale of my body. For a few short hours the forex specs business was booming.

Some people are so fickle.

sulks in corner

Don't worry, Seymour, you'll get another chance to flog a few pairs of your X-Ray specs again soon. The kids break up from school this week, so I'll be off on hols. You'll have to suffer the MightyMicro MicroCalendarTM till September.

Hil, don't worry too much, I'm working on making it bigger (but then, that's what I tell all the girls ;-)

It's not all about size, Delboy.

:o)

Anyone see some clear currency direction of last 2 days...
I have basically done a 'good trade' by staying basically flat

Yen feels like it could break support though

Did OK on the loonie yesterday, D, but the others were pants.

Yen big move just then...related to the unwinding of the NZD/JPY I wonder

The Yen is certainly on the turn, D, but today is all about kicking 7 colours out of the greenback. Across the board.

Apart from the poor old loonie that is.

:o)

Wonderful move on the yen against the dollar for those of us who are bearish. Dangerous to hold overnight though. Two day boj meeting coming up. Back to 123 or down towards 120?

That the trouble with a good move after lots of range trading...you are so glad to see a decent profit that you take it too early..

Yet your head tells you that a good deal of range trading once broken out of will more than likely lead to a good directional move...

It's important to let profits run so as to pay for the losses, D.

I believe that whatever technical signal you use to enter the position should also be used as your exit. Sometimes though, emotion will grab you by the short and curlies and twist and tug until you surrender.

The answer is really quite simple - get rid of your short and curlies.

:o)

Closed out an usd/chf short way to early yesterday pm.

Afternoon surge would be nice

Anyone know where I can get a free DDE link for some currency pairs to go in to Excel

DLR / YEN back to 121 ?

Weaker $ this am really not translating into higher Cable...so far..

RICS holding cable back in early trade. They need to shrug that aside first.

Off topic, does anybody have any experience of Hanns G (or Hannstar) monitors? If so, are they reliable?

I'm contemplating picking up 4 of their 19" widescreen TFT's (AH191DP) at under 100 each which seems very good vfm given their spec.

hilary - RICS ?

Knackered housing market, G. See calendar above and read below.

LONDON (Reuters) - House price inflation slowed sharply in June to its weakest since the start of 2006 as boom conditions come to an end in the south east and higher interest rates start to bite, a survey shows.

The Royal Institution of Chartered Surveyors said its house price balance more than halved to +10.6 in the three months to June from a downwardly revised +22.5 in May.

That was the weakest reading since January last year, well below the +20.0 reading forecast by analysts in a Reuters poll and weaker than the survey's long run average for the first time since early 2006.


"House prices have finally started to cool significantly for the first time since the recent mini-boom in the housing market got underway in 2006," RICS spokesman Ian Perry said.


"Interest rate hikes have begun to affect the psychology of the market with potential new buyers starting to think twice before buying a home."

RICS said house price increases remained strong in London, Scotland and Northern Ireland but elsewhere there were growing signs the market was starting to feel the pinch from rising interest rates.

"Outside London, house price inflation has clearly moderated with, for example, boom conditions in the south east coming to an end," RICS said in a statement.

"For regions of the north of England and the Midlands, the moderate to firm price rises of six months ago have been replaced by more subdued conditions with prices now in slight decline in the Midlands, Yorkshire, Humberside and Wales."

SIGNS OF COOLING

Most other surveys have shown robust house price growth despite higher borrowing costs, but there have been signs that affordability and supply problems are squeezing out first time buyers and make moving up the housing ladder more difficult.

Housebuilders and mortgage lenders have also started to voice concern about the market impact of five hikes in interest rates in less than a year. The Bank of England is expected to raise rates again to 6 percent this year.

Barratt Developments said on Wednesday it expected higher rates to hamper activity while Bovis Homes on Monday reported a sharp slowdown in reservations.


RICS said the outlook for price growth over the next three months had weakened for eight straight months to "neutral" as confidence fell across most regions, while the balance for the sales outlook halved to its lowest level since June 2004.

The ratio of completed sales to stock of unsold property, regarded by some economists as a more reliable indicator of housing market demand, fell for a third straight month, to 39.2, RICS said.