Forex rebates on every trade - win or lose!

gbp/ jpy 224

usd / JPY 113

who would have thought it 24 hours ago...

Well, what a day !

Peru earthquake, FTSE down over 4%, hundreds of pips move on the yen crosses, Dean upgraded to hurricane status, Moody's indicating the possibility of a large hedge fund collapse and now a tsunami alert for Japan's Pacific coast.

What next !

It's armageddon time....... :-)

cable (temporary) bottom or only getting back as high as 9770/80?

Hils / Choccy 0.5% cut in discount rate....your thoughts?

Seems to be a bigger move in the equity markets...rather than forex...
Lifted gbp off its lows....

If the us had done nothing but instead uk raised rates 0.5%...ie same differential..
we would be over $2...

OK folks, next week's Interactive Events Calendar posted.

All the little mini charts have been stuck for a few days. Anyone know why? I quite like them.

SC: Actually, it's not all of them, looks like its just the 5 minute EURUSD and GBPUSD. Judging by the flatlines on the other 5 min charts, there may be some technical problems back at Forexnews.com from whence these charts are sourced.

Thanks MM, I knew it wouldn't be this end that was up the spout.

Tried to get back into cable with a couple of shorts (70 and 85) - just closed for flat - so niether one way nor t'other. Keeping an eye on it but not busting a gut - I suppose I should really be looking to go long :(

From TradeThe News :

GBPUSD at session low on rumours that a UK insurer may be in trouble.

UBS amends USDJPY 1 month to 115 v 119 and 3 month to 112 v 117 amends GBPUSD 1 month to 1.97 v 1.98

Long cable from 19770 and 65 - GULP ..... a bit rusty from playing with the indices.

I like this one :

West LB CEO says German banks having trouble getting foreign credit, repeats WestLB has no liquidity problems.

Says that the situation for German banks is "Not Uncritical"

So it's not actually critical then ;-)

UBS analyst comments on commercial paper market - Notes that Commercial Paper has $550 Billion Coming Due within 90 days.

Article cites that the The $1.1 trillion market for commercial paper used to buy assets from mortgages to car loans has 'seized up' just as more than half of that amount comes due in the next 90 days, according to the Federal Reserve statistics.

Article notes that unless issuers of cp find new buyers, hundreds of hedge funds and home-loan companies will be forced to sell $75 billion of debt backed by mortgages.

Sounds like fun !

Crikey! And all the fun and games are happening while our Hil is sunning herself in the South of France. She should be back in time for Armageddon.

Northern Rock, Alliance & Leicester and HBOS rushing to say that they did not tap into the BOE emergency funds made available today.

So who did pay the 100 basis points premium for emergency cash ?

Wish I could say I've been sunning myself - anywhere!

Thank you for your bons mots, mon cher petit jolly green giant :)

Lost my connection the middle of last week and I've only just got it back.
And I seem to have slept through most of the pre-armageddon-amble :S

choccy - presume you mean internet connection!

Got two of my children out here this week enjoying the summer sun, so probably not any trading for me.

best week ever last week, had just over 400 pips out of eur/usd and not one loosing trade - must of been a blue moon! have a good week all

Yes, we really do love pink ;)

WOMEN really do prefer pink and men blue and it goes back to the Stone Age, say scientists.

Boffins testing 208 volunteers found females have a preference for the red end of the colour scale, while fellas went for blue.

Dr Anya Hurlbert, of the University of Newcastle, said the link could be traced back to mankinds hunter-gatherer days.

She said: Evolution may have driven females to prefer reddish colours like ripe fruit and healthy, reddish faces.

Dr Anya suggested men might prefer blue as it signifies clear sky or a good water source.



Boffin??
Absolutely barkin

S'pose I'd better post on here as well as the day traders. Got taken out of short for -10 now re-opened short from 19905. Tight stop.