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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!

chocolat - 04 May 2007 13:09 - 7861 of 11056

chocolat - 04 May 2007 13:42 - 7862 of 11056

Well that was rubbish :)
Plan B then.

goforit - 04 May 2007 14:14 - 7863 of 11056

c - not as many lines as normal!

chocolat - 04 May 2007 15:22 - 7864 of 11056

Normal, gofe? ;)

cynic - 05 May 2007 09:27 - 7865 of 11056

for what it is worth (little to less than nothing) we shall be looking (hoping) for $ to strengthen to about 19700 before falling away again, ultimately to 207000, though this latter target could take 6 or evben 12 months to reach

MightyMicro - 05 May 2007 12:30 - 7866 of 11056

Thanks to the co-operative technological effort rendered possible by the interweb thingie, the Economic Data Release Calendar has been updated by Hil + self.

chocolat - 07 May 2007 16:43 - 7867 of 11056

Well thanks Hil Self.
After The Quantity Theory of Insanity, I've come to the conclusion that too much thinking clouds my thinking.
And I've only got one proposition - 81.92 ($ Index) and 1.3542 (Euro) for a turn.
Or is that two?

ptholden - 08 May 2007 18:06 - 7868 of 11056

LONDON (Thomson Financial) - The dollar managed to gain more ground this afternoon, particularly against the euro, during a quiet day of trading.

Overall, the dollar strength is seen to be driven by investors covering short positions in the dollar and long positions in the euro amassed in recent weeks and ahead of central bank meetings this week.

Although the Federal Reserve is widely expected to keep interest rates unchanged tomorrow, any change in the wording of its statement may move the dollar.

'The key for markets should be the tenor of the accompanying statement and whether the Fed keeps its tightening bias intact -- especially in the wake of the softer than expected April payrolls and March PCE core deflator,' said David Brown at Bear Stearns.

Because of this, analysts expect the dollar to come under renewed pressure, while the euro should remain buoyed by the fact that the European Central Bank is widely expected to signal this week that it will raise rates next month, and possibly again later this year.

Euro zone data has remained strong and suggests that the European economy has so far weathered the strong currency and managed to 'de-couple' somewhat from the weakening US economy.

This was evident again in German industrial output data this morning, which showed a smaller-than-expected decrease in March, whereas manufacturing output rose.

'Output is likely to have supported overall Q1 GDP,' said Stuart Bennett at Calyon. 'Further, with yesterday's release of March factory orders surprising to the upside, strong demand indicates that output remain firm in Q2.'

Elsewhere, the pound had a mixed day, with a lack of economic data leaving investors to consider tomorrow's retail sales and the rate decision on Thursday.

Retail sales as published by the British Retail Consortium tomorrow are expected to be robust, with total sales up 6.4 pct in April. The Bank of England, meanwhile, is widely expected to hike rates on Thursday, with the outside chance of a 50 basis point move expected to keep the pound supported.

chocolat - 09 May 2007 20:06 - 7869 of 11056

FOMC statement

chocolat - 09 May 2007 20:38 - 7870 of 11056

Consumer confidence ahead of MPC thingie

foale - 11 May 2007 08:25 - 7871 of 11056

Cable really hammering that support this am....1.9765-75 area...will it hold?

MightyMicro - 11 May 2007 09:19 - 7872 of 11056

Secondary support is around 1.9724 according to the UBS analysts . . .

hilary - 11 May 2007 19:12 - 7873 of 11056

Do you need me to mail you a JPEG, Delboy?

MightyMicro - 11 May 2007 19:54 - 7874 of 11056

Got it, thanks Hil. Hosted and posted.

chocolat - 11 May 2007 19:59 - 7875 of 11056

Very nice thank you :)

Think I need bigger specs ;)

ptholden - 11 May 2007 22:02 - 7876 of 11056

Got me bins out the wardrobe ;)

MightyMicro - 11 May 2007 22:36 - 7877 of 11056

Yep, there's lotsa data this time. Enjoy!

qwento - 12 May 2007 18:48 - 7878 of 11056

I don't like to be an old moaner, but the new style calendar does not highlight the major news releases. That was a nice feature ;-)

MightyMicro - 12 May 2007 19:45 - 7879 of 11056

qwento: You're right. I think it's a function of the fact that we (Hilary + self) had to convert to a JPEG instead of a GIF and we've lost some definition as a result. We'll see if we can do better.

hilary - 13 May 2007 08:29 - 7880 of 11056

The calendar this week contains a lot more data than normal.

The process of creating the JPG involves scaling the XLS spreadsheet file down so that it will print as a single image.

Trial and error has shown that when I scale it to 50% of original size, it seems to fit the header nicely. Because of all the data this coming week, I've had to scale it to 40% just to make it fit. That's the reason that the highlighting has been lost and you need some of Seymour's X-ray specs to view it.

If it helps, I can scale it to 50% as normal, but it would be across two separate files which MM would have to host. Suggest a few of you post on the thread below if you want me to do that.
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