Forex rebates on every trade - win or lose!

If anyone is unsure about the significance of the Irish referendum on the Lisbon Treaty, may I suggest they revisit some Euro charts from the spring of 2005 when the French and the Dutch held their own referendums about an earlier treaty and said an emphatic "No".

As I recall, the selling was relentless. The Irish vote should come in around tea time and it is expected to be very close because of the turnout.

No

The Irish Justice Minister Dermot Ahern conceded that the Irish voters have rejected the EU's Lisbon treaty.

So where should we put our money Hils

Under the mattress for the moment, Jeffie.

Cable - Weak sell
Fiber - Flat. Stops from earlier short triggered with US CPI. Might be trying to rally
EUR/JPY - Strong sell from early this morning so potential for further gains may be limited
USD/JPY - Weak sell. May gain momentum this afternoon
Gold - Weak buy. May gain momentum this afternoon

Thanks princess, tell me where to put my money, Banks not paying enough interest

Stick it in a nameco and start underwriting at Lloyds of London, Jeffie.

edit: You can still have it sitting in the bank earning interest for you even while it's comitted to Lloyds. It's a bummer if there's a bad hurricane or terror attack though.

This might be of interest to some

Free Forex Training

What charts do you use for oil , gold etc Hils / anyone ?

Cheers

ODL MT4, Dilbert

Ta sweetie.

I sometimes use a Fibonacci retracement to enter the market, but have been frustrated by the standard MT4 lines which only show the Fibo level but don't show the price.

I did a bit of digging and discovered that inserting %$ into the description in the object box will print the price.

You should have asked Hil - I knew that - one of the few things I do know about MT4!!!

I'm normally the last person to suss the easy things out, Seymour. It only occured to me at the weekend that I could make my desktop a bit bigger by dragging all of the toolbars into one line and removing a few of the icons that I don't use. Doh!

Did you get my email yesterday, btw?

Yes I did thanks - a bit busy but will reply tonight/ tomorrow when I get a mo.

Hils,

Sent you new version of MTF indicator last night. Did you get it?

Yes. Many thanks, Foxey.

I've been running it and can see a problem with it. I've taken a screenshot which I was going to mail over to you a bit later this morning.

Presumably Spencer Dale will be a dove????

edit: No. It appears he's a hawk, moulded from King.

I doubt it will appear on any Economic Calendars for this week, but there's an important decision looming from a High Court judge which might affect the Euro significantly.

Stuart Wheeler (of IG Index fame) has taken the government to court over their decision not to hold a referendum on ratification of the Lisbon Treaty. The judge has told the government to hold fire until he delivers his verdict this week.

I don't understand the legalities of Wheeler's argument, but if the judge should rule in his favour ......................

09:44 GMT, Jun 25 2008 | Posted by Mark Mitchell from London
The Fed face a tricky dilemma tonight

Everyone and anyone has an opinion on what the Fed will do and more importantly say tonight at the conclusion of the FOMC meeting, so I thought I'd hazard a guess too. I think it is telling that the day before the blackout period for this meeeting we had the various Fed sources articles coming out saying that the market had gotten ahead of itself in its expectation for interest rate hikes. These articles have certainly dampened the rate hike ardour of the markets, but haven't completely removed them from the table. What the Fed needs to do tonight, is to convince markets that it is serious about inflation, while showing that it is not yet ready to raise rates. A tricky task I grant you, but achievable if the Fed's statement puts more emphasis on inflation expectations and highlights the Fed's resolve to resist further increases in inflation, while continuing to stress the FOMC's opinion that inflation will moderate. On growth I feel they will stick to their tone of fears over the economy and the financial sector. After all this I would expect the Dollar to be little changed from where we are now, as once again we get back to analysing the economic numbers and seeing how the economy performs after the one off rebate check boost.