Forex rebates on every trade - win or lose!

lol I am choccy....


so which come first... USD/ Yen 118.00 or Cable 1.9900

I am around, but really struggling with my internet connection. It currently takes about 5 minutes to open any web page.

I'm ditching Pipex Broadband in favour of Sky who reckon they can push 13.2MB down my line as they're already inside my local exchange which compares to the 2MB I'm allegedly getting at the moment. I'm not a great conspiracy theorist, but I think that Pipex are a bit miffed by it, and have done something to my connection out of spite.

D,

The calendar's in html again. I'll mail you a JPG over the weekend sometime if that's OK.

H, sure thing, I'll stuff it up an IST webserver and link it. Time to write that Kathy another stiff memo, methinks. I'll see if I can buy a copy of that XLS -> GIF converter.

PS on edit: Re Pipex: they were our ISP (via multiple mergers over the years) at IST. We dropped them because of their disinterest in keeping our microwave link working. We now use Easynet Surestream which uses two SDSL lines but which has a degree of redundancy in it. At home I use Zen Internet.

LONDON (Thomson Financial) - Gold climbed to a seven-week high this morning, adding to last week's gains, as the dollar continued to wilt against other major currencies, with continued strength in the oil market also buoying prices.

At 10.18 am, spot gold was trading at 687.40 usd per ounce, up from 684.80 usd seen in late New York trade on Friday, having earlier hit 688.10 usd, its highest level since February 27.

'If you look at the last two weeks, there has been downward momentum in the US dollar and the gold price has reacted to that,' said Michael Widmer, an analyst at Calyon.

Gold, which is a popular alternative investment to the dollar, is particularly sensitive to fluctuations in the US currency.

The dollar has weakened against the major currencies in recent weeks on concerns over flagging US growth, which were heightened on Friday by a fall in the latest University of Michigan consumer confidence survey.

The index slumped to an eight-month low of 85.3 index points in April from 88.4 in March, raising fears US consumer spending levels are likely to fall as confidence is knocked back by a faltering housing market.

The precious metal posted gains last week as the dollar sank to 2-year lows against the euro, but struggled until Friday to breach the 680-682 usd barrier as investors took profits.

With that resistance level now broken, traders expect gold to continue its climb, with further resistance seen at 690-700 usd.

'Given the bearish dollar sentiment and the breach of chart resistance last week, gold looks set for another week of solid gains,' said James Moore, analyst at TheBullionDesk.com.

The precious metal was also underpinned by continued strength in the price of oil, which has risen on ongoing concerns over dwindling US gasoline stocks and as violence ahead of the Nigerian elections raised fears over supply disruptions.

The metal benefits from positive sentiment towards the commodities sector sparked by rising oil tariffs, and is seen as a hedge against oil-led inflation.

Among other metals, platinum rose to 1,282 usd per ounce, its highest level since it spiked to 1,390 usd on November 21 last year, against a high of 1,275 in late Friday trade.

The white metal was buoyed by rumours that a new exchange-traded fund (ETF) for platinum will be launched by Swiss bank.

"Short term target 1.9900 then 2.0100" - Nicole Elliott, Mizuho Corporate Bank at 07:30 this morning.

That would be very nice :)

Chocco: depends where you earn your money :(

Are we nearly there yet :)

15 pips to go . . . sit still and be quiet in the back.

I have it hitting 2.0003 before backing off. An easy target now.

so tell me all you whizzes, where do you see Cable topping out? ...... My guess is 2.03 but I sure would not be selling $ with rate already very close to 2.00.

At least my (company's) May position taken at 1.9450 is very nicely profitable!

Currently around 2.0020 - or another 120 pips from there, a tidge above Nicole's target (and rising).

Nicole Elliott this morning said inter alia "At-the-money implied volatility looks too low considering we are at levels where there is almost no resistance points. A test of the key $2.0000 area, where sharp intra-day swings are likely, looks imminent". This was at 07:54 this morning, but the implication is watch out for stop-busting swings.

Dear Chancellor

Dear King

Interesting letters, "not our fault, old boy, external events, didn't we do well, I'm alright, you're alright. Er, that's it."

Err ... the chimp uses a felt tip pen.

Looks like he had to take a break from his colouring in:-)

Afternoon folks, time I got back into Fx again. Anything happened over the last 3 weeks :-)

Oh, I see, the man who would be Prime Minister can't find a decent pen!

edit, our business rent at one of our sites has gone up by over 40% over the last three years. That must be the effect of 2% p.a. compounding.....