Forex rebates on every trade - win or lose!

I can't leave you alone for one single week without you breaking the blasted calendar, MM!!!

:o)

Anyway, I'm back and I'll sort it out for next week.

Hil, sorry Miss, it was Kathy, Miss.

If you produce a JPEG, mail it to me and I'll ftp onto an IST server.

Otherwise, I'll just tack another gif on the two that are already there. I seem to be using an evaluation copy of something and I suspect it restricts the size of the gif it will produce.

Any of you folks come across this outfit

www.efxgroup.com

They profess to having a trading platform which includes Level2 style data and the facility to place limit orders on the book.

Have any of you come across other brokerages providing this with perhaps a GBP denominated account ?

Complete calendar posted as Jpeg -- sorry for the fuzzy bits . . .

Thanks MM and Hilary for sorting things out.

seems v.quiet here. opened a small short on cable earlier

goforit
And me - and suffering - could do with a bit of a reverse from here. $ seems to be following the lead of DOW - i.e weakening as the DOW falls and strengthens.

However I've got the 60 minute MACD chart threatening to cross over - hence the position. BUT ...... I think I've been prematurely evaluating again. Having to wear thicker glasses :(

mg, got stopped out for + a couple. looks like its still tracking up with its 21ema. Also the candles looking fairly bullish on longer time frames.Was in eur/jpy and got out too early! Going to take me a while to get back into the swing

I think you guys should be keeping half an eye on the USDX dailies. The 5th Dec low was 82.24 and it's looking set for a retest over the next week or so.

Thanks hilary, wheres a good place to find usdx dailies?

You should find it on your chart site, goforit.
http://www.netdania.com/

Thanks choc, just started trying prorealtime eod
http://www.prorealtime.com

Hils
I am keeping an eye on the USDX and am conscious that it could easily start to bounce without actually reaching the 5th Dec low. Am away for a week from tomorrow so will probably close out sometime today. Currently sitting with 4 open (short) positions - at or about the average they were triggered. Looking to try and get 19700 - but I think I may be out of luck - unless the hourly MACD keeps on falling :(

late rally to 1.9850? Cable

Euro nudging highs...

Japanese housewives play Forex markets

1.9920 today..cable...?

why $ so weak anyone...any special trigger...

USD Tumbles Ahead of Data, G7

The dollars weakness against the Aussie, euro and sterling extended into the early Friday session, hitting fresh multi-year lows. Sentiment for the currency remains weak on a combination of global central bank outlooks with the ECB, BoE, and RBA seen further tightening policy, while the FOMC is likely to remain on hold, if not cut rates and growing suspicions about a US soft landing scenario. The greenback tumbled to a new two-year low against the euro at 1.3523 and a fresh 16-year low versus the Aussie at 0.8321. While we caution against profit taking later on in the session ahead of the G7 Finance Ministers meeting, we believe the prevailing trend will be for further dollar weakness.

Fresh on traders minds was a downward revision by the IMF in its forecast for US economic growth in the current year to 2.2% versus 2.9%, attributing it to softness from the housing market. However, the IMF said, A growth pause is more likely than a recession. The downgrade effectively places US growth behind that of the Eurozone, UK and Japan which is seen continuing to weigh on the dollar.

In the session ahead, markets will digest several key US indicators including the March PPI, February trade deficit and the April University of Michigan sentiment survey. The producer price index for March is forecasted to ease to 0.7% versus 1.3% from a month prior and the core PPI is expected to slip to 0.2% from 0.4%. The February trade deficit is seen expanding to $60.0 billion, up from the January deficit of $59.12 billion. Lastly, the April University of Michigan sentiment survey is also forecasted to worsen, falling to 87.5 compared with 88.4. For the most part, the economic data will likely be dollar negative. However, given the sharp losses in the currency this week, we anticipate some reprieve in the selling as profit taking ahead of this weekends G7 Finance Ministers meeting sets in.

Euro Adds to Gains

The euro powered ahead to a fresh all-time high against the yen at 160.84, a new two-year high versus the dollar at 1.3523 and remains buoyed near a 9-year high against the Swiss franc at 1.6420. Markets continue to reward the single currency on the yield play, with the ECB expected to raise rates again at its June meeting. Bank President Trichet refrained from using the word vigilance in his press conference yesterday, but used language to suggest another rate hike over the coming months, most likely in June. Accordingly, carry trades rallied to fresh highs with EUR/JPY and EUR/CHF favored by speculators.

In the coming session, Eurozone industrial production for February is expected to continue to reflecting improving economic fundamentals with the monthly figure seen reversing the prior months 0.4% decline, rising 0.2% and on an annual basis, advancing to 4.2% from 3.7% previously.

useful Choccy thanks for posting that...


Not many posters here given the large moves inthe last 24 hours...

Enjoy the ride, foale.
Just the weather for it too - hot, hot, hotter :)

Still long here from yesterday.