Forex rebates on every trade - win or lose!

Oh well Beeble. At least one of us will be right.

:o)

the lady certainly has it, so far anyway....
hope you traded it gal
deuce now

Beeble,

If you showed your legs, you might get the dollar down.

:o)

LONDON (AFX) - The euro has fallen over half a US cent against the dollar in early London trading, after a senior European Central Bank official warned of the risks of volatile currency moves, analysts said.

ECB governing council member and Bank of France governor Christian Noyer said earlier in a televised interview that 'brutal changes and excess volatility in the major currencies are not good for global economic growth'.

These remarks echoed ECB president Jean-Claude Trichet's comments on Tuesday, which prompted traders to take the euro down from record highs.

'Noyer's comments at the least indicate that the ECB is getting more concerned than last Thursday's comments from Trichet suggested,' said Michael Klawitter, currency strategist at WestLB.

Trichet last week said the acceleration in global growth would be a counterweight to the negative impact on European exports from an appreciating currency. These comments saw the euro rise almost two US cents, above 1.27 usd.

With this week's comments from Trichet and Noyer, analysts said the ECB has made clear it shares the concerns of many European political leaders about the trend in the euro.

'The fact that European central bankers have now joined politicians in regularly commenting on euro appreciation has served to at least moderate the gradient of the dollar's decline,' said Steve Pearson, strategist at HBOS Treasury services.

In any case, the market was probably ripe for some profit taking, Klawitter said, given the rise the euro has enjoyed in recent weeks.

'One should not be overly surprised by this move. We have seen a spectacular rally in euro/dollar,' he said.

'Currencies never move in a straight line' indefinitely, he noted. When it hit its most recent record high just below 1.29 usd Tuesday, the euro had risen 5 pct against the dollar in the space of a month.

Traders will closely watch the 1.30 pm US November trade deficit figures, analysts noted, with some improvement expected to further help the dollar today.

If the deficit narrows more than expected, the euro could fall below 1.26 usd, said Nick Parsons, strategist at Commerzbank.

Klawitter said the euro could fall as low as 1.2550 this week.

Another factor behind the dollar's recovery could be traders getting out of some short positions ahead of US corporate earnings announcements for the fourth quarter, Klawitter also said.

As expectations are that US firms will report positive profit growth, traders may want to scale back on their dollar-short positions, particularly given that the market as a whole is 'so strongly weighted to one side,' against the dollar, he said.

Recent weekly speculative positioning data from the US Commodities Futures Trading Commission have shown euro/dollar long positions at historically high levels, analysts note.

Sterling, meanwhile, has also dropped against the dollar this morning, as the dollar rose against most major currencies.

The UK reported earlier that the December employment report showed that unemployment rolls fell by 8,300. The unemployment rate, as measured according to an international standard, fell to 4.9 pct over the three months through November.



London 9.45 am Singapore 2.30 pm

Dollar

yen 106.29 up from 106.20

sfr 1.2332 up from 1.2246

Euro

usd 1.2668 down from 1.2734

stg 0.6897 up from 0.6896

yen 134.67 down from 135.21

sfr 1.5622 up from 1.5593

Sterling

usd 1.8368 down from 1.8455

yen 195.24 down from 195.95

sfr 2.2654 up from 2.2592

Australian dollar

usd 0.7759 down from 0.7771

stg 0.4224 up from 0.4209

yen 82.47 down from 82.520

If i showed my legs on here bully would ban me, and you would probably faint..
tks for the afx article, trying to work out if klawitter is just a puppet

I started reading this thread because a) I might get a glimpse of those legs again, and b) equities was boring, and i needed some volatility.

ah well......the best laid plans of mice and men.....

still deuce

Beeble,

Klawitter's comments, loosely translated, probably mean "WestLB will be a buyer at 1.26".

:o)

And not being one to disappoint ........



















































































Bet you thought that if you scrolled down far enough you'd see my legs. Didn't you?

:o)





























































Keep going .............










































No it's too cold. Sorry.













































Oh, go on then. If it keeps you happy.

:o)

you're a tease you are
how about E on one big toe, and $ on t'other
advantage legs

Oh to be a mouse.... sorry, dreaming again, now where were we,
back to deuce

Beeble,

Hope you got out safely on the 08:30 spike down. There's a nice resistance line now connecting the 19:00 high from yesterday with the 2 highs today. I'm hoping to see it sub-1.26 this afternoon.

no, sat on it to 126.95, then figs got me
off to Basingstoke later, so will just watch for now

Dollar giving a pasting today to the maj fx.
Just ventured a short on USD/CAD. -just scalping today for a few points here and there. If unsure best to stand aside as this is more dangerous monster beast than the DOw. before u can say WOW u r dead.

rgds
zarif

That resistance line seems to be coming under a bit of pressure. Looks like we could both be winners today, Beeble.

Strange isn't it - far better figs than they could dream of, pop down a bit, then start the gring back up again. some momentum driving the euro, and .
shame i got stopped out @ 126.39, but there you go.
dont think we'll see 126 today now, hope you're not short.

Covered it earlier as it rallied from the spike down. Long now.

good girl.
do you give lessons ?

You couldn't afford me.

:o)

And up she goes.

:o))

And out. It could get a touch choppy between 1.2720 and 1.2750, imo, as some of the older support and resistance lines converge, plus it's footy tonight.

Usd/Cad short is paying off well at the moment -just locking in profits to see how far i can play it.

reckon the Euro and cable will recover from the lows (blows more like!!!) and then trend up again.

rgds
zarif

Long Euro/$ from 1.2732, but preparing to get out as no direction either way, and knowing my luck it will spike down.

Out for -12. Not had a good day overall - was well in the money at one time on stocks and watched it fly out of my wallet. May look back here a little later before I go bowling.

edit. Back - managed to win at bowls. Wish I could do it when trading. Hope you've not got longs on Euro/$, guys and gals!