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The Forex Thread (FX)     

hilary - 31 Dec 2003 13:00

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Forex rebates on every trade - win or lose!

Tellon - 05 Apr 2004 11:15 - 871 of 11056

Then smooth sailing to 1.8000

foale - 05 Apr 2004 13:36 - 872 of 11056

reckon thats the cable low and the euro for a little while anyway...

edit... or not !!

though trend is clearly down

Tellon - 05 Apr 2004 14:47 - 873 of 11056

All we need is a little good us data at 16:00 (EDIT:- Meant 15:00) and another 100pips down to 18000

hilary - 05 Apr 2004 15:04 - 874 of 11056

The ISM services index for March was 65.8 versus 60.8 in February and above forecasts of 61.

Tellon - 05 Apr 2004 15:06 - 875 of 11056

The highest forcast was 65.3. It was 0.3 above that

MightyMicro - 05 Apr 2004 15:40 - 876 of 11056

Too much muttering about MPC rate rise, so watch out.

hilary - 05 Apr 2004 16:04 - 877 of 11056

Derek,

Talk of MPC rate rise will push the $ up and Cable lower.

Beeblebrox - 05 Apr 2004 16:06 - 878 of 11056

not if it's 1/2%

hilary - 05 Apr 2004 16:10 - 879 of 11056

Sorry Beebs,

Mental block. I meant to say $ down and Cable higher. Blame it on Monday.

:o)

edit: There's further mileage on the short side yet, imo. Give it another day or two.

Beeblebrox - 05 Apr 2004 16:12 - 880 of 11056

i'll forgive you
xxx

i'm not in the 1/2% camp,
but they know they've got to act now
to try to stop meltdown in property mkt


pretty sure we'll get 1/4%, which i would agree is priced in to cable.
might knock the ftse a bit.

MightyMicro - 05 Apr 2004 16:28 - 881 of 11056

Hils: Thanks for the correction, I was very worried about you for a moment . . . and maybe it is all priced in, but that doesn't seem to be reflected in the price (if you see what I mean). Why isn't it meandering around 18800 instead of 18157?

hilary - 05 Apr 2004 16:37 - 882 of 11056

Derek,

The markets are always priced to the future. Whilst of late they've been pricing in MPC rate rises to drive Cable higher, you're also now starting to see the prospect of Fed rate rises being reflected in the price.

Everything is within the chart and it's relatively easy to "fit" the news to what the chart is already saying.

MightyMicro - 05 Apr 2004 16:59 - 883 of 11056

Ah yes, I did wonder if the Fed was having an effect.

Thank you for improving my FX education.

hilary - 06 Apr 2004 08:11 - 884 of 11056

Hope you're all out of those shorts guys.

dclinton - 06 Apr 2004 08:14 - 885 of 11056

Yep. Stopped out during the course of yesterday. Do you reckon it's time to be long or wait and see?

Doug

hilary - 06 Apr 2004 08:27 - 886 of 11056

Doug,

For the first time in some time, I'm not really sure which side of the market you should be atm.

You're probably still safe being short the EUR/USD for the time being. Cable, I'm actually long atm but not 100% comfortable. I'm going to give it a bit longer.

Boyse - 06 Apr 2004 08:38 - 887 of 11056

German Jobs news holding things up

dclinton - 06 Apr 2004 09:34 - 888 of 11056

Thanks Hil. I'm not trading EUR/USD - concentrating on GBP/USD so I'll probably stand aside for the moment.

Who are you using for news?

foale - 06 Apr 2004 11:15 - 889 of 11056

looking like the fall in the USD might have run its course for a while

brave shorts anyone?

shorted cable at 18350

Tellon - 06 Apr 2004 12:47 - 890 of 11056

Hillary,

What trading method do you use? Ive started to notice how more often than not you have a good feel for the FX market. Is that just from experience or do you get good signals from a specific sort of TA?

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