Forex rebates on every trade - win or lose!

You been there before Hils ?

I've stayed in Es Pujols myself a few times ... bit quiet for my liking.

You poor dear-I see precisely why you swim so slowly-you are too tense & was that a belly flop we just witnessed?

Given your full co-operation & the correct support I could shave yards off your time

You must start with a full all over waxing followed by a rub down with premium virgin olive oil-this will enable deeper penetration through the water which will in turn help you stretch out fully thus achieving those extra yards

I am available for coaching at short notice should you decide to follow through with your challenge:)

I have a complaint about that photo. There's a distinct lack of detail. I mean you can't tell whether it's a round or rectangular pool. And you need a darker swimsuit. That one could have people believing you're naked

:-)

SC: Get some glasses, mate. Try Specsavers.

This could turn nasty ;-)

Not another thread fight! (It's like a bread roll fight, but doesn't leave a messy restaurant behind.)

I thought the flotation devices were obstrcuting that fight to get to the bottom by the look of it.


Maybe I need to go to Specsavers or sumfin'

hilary, I've put on some polarising specs and you look great :-)

Damn! Wish I'd thought of that.

I've only been there a couple of times on daytrips from Ibiza, Dilbert. It's the fact that it's so quiet which makes it appealing to be honest.

I didn't realise that we had so many lurkers on this thread.

:o)

( TF ) 04/13 16:44
OUTLOOK Highlights of US economic indicators to be released in the coming week


- WASHINGTON (Thomson Financial) - The following is a synopsis of highlights for US economic indicators to be released in the coming week, with forecasts compiled by Thomson's IFR Markets.


The week will be heavy in economic indicators, with the consumer price index and retail sales among the most closely watched. There will also be speeches by the presidents of the Federal Reserve banks of San Francisco and Philadelphia as well as Fed governors Kevin Warsh and Donald Kohn. On Wednesday, the Fed will release its Beige Book.


MONDAY, APRIL 14


The week will begin with the release of retail sales, which in March are expected to have been flat following last month's 0.6 pct decline. Excluding automobiles, retail sales are expected to have increased 0.2 pct following a 0.2 pct decline in the previous month.

'With three months in a row of falling employment and plunging consumer confidence, retail spending is likely to weaken substantially going forward,' said Jaqui Douglas of TD Economics. Other signs of weakness include the below-50 reading on the ISM non-manufacturing index for three consecutive months and March's declining same-store sales, Douglas noted.


Business inventories are expected to have increased by 0.6 pct in February following a 0.8 pct increase in the previous month.

'Inventory growth continues to surprise on the upside, and solid stock building may keep Q1 GDP above the zero threshold despite signs of recession accumulating in virtually all the major indicators,' economists from Lehman Brothers said.

Meanwhile, business sales are expected to have dipped by 1.5 pct following a 1.5 pct increase in the previous month.


TUESDAY, APRIL 15


Tuesday will begin with the release of the Empire State survey of manufacturing conditions. In April, the index is expected to improve to a level of -16.0 from -22.23 in the previous month.


The Producer Price Index, a measure of wholesale inflation, is expected to have increased 0.5 pct in March, two tenths of a percentage point more than it grew in the previous month. Core PPI, which excludes highly volatile food and energy prices, is expected to have increased in March by 0.2 pct, less than the 0.5 pct it grew in the previous month.

'The Fed would eagerly welcome a second consecutive subnormal reading to help demonstrate to itself, and the public at large, that inflationary pressures are on the wane,' said Brian Bethune and Nigel Gault of Global Insight.


April's National Association of Homebuilders survey, which measures the sentiment of homebuilders, is expected to remain at a level of 20, which Joshua Shapiro of MFR says is 'indicative of extremely weak conditions in the housing market.'

'Although current housing conditions are bleak, with depressed home sales and excess inventory, builders are growing a bit more optimistic about the outlook,' said economists from Lehman Brothers.

The economists noted the Fed's injection of liquidity and Congress's debate over pending proposals to give tax breaks to builders by allowing them to claim current losses against taxes paid in earlier, more profitable years.



WEDNESDAY, APRIL 16


On Wednesday, the Labor Department will release the Consumer Price Index. It is expected to have increased by 0.3 pct in March after being flat in the previous month. Core CPI is expected to have increased 0.2 pct after being flat in the previous month.

'Steady upward pressure from the energy/food/import complex should more than offset the damping effect of retail discounting and rent cutting,' said Sal Guatieri of BMO Capital Markets.


The number of houses on which builders broke ground is expected to have dipped in March to a 1.018 mln unit annual rate, from 1.065 mln. The number of building permits issues in March is expected to have dropped to a 965,000 rate from 978,000 in the previous month.

'The contraction in residential construction should continue to act as a deadweight on new starts and applications to build in March,' said Joseph Brusuelas of IDEAglobal.


Industrial production in March is expected to have dipped by 0.1 pct following a 0.5 pct fall in the previous month. Capacity utilization in the month is expected to have fallen to 80.3 pct from 80.9 pct.

'We are expecting a steep drop in motor vehicle production because of the strike at American Axle, which closed assembly lines,' said Bethune and Gault. 'Manufacturing is contracting, but the good news is that the decline is gradual, with strong export demand providing support.'


Also on Wednesday is the release of the Federal Reserve's Beige Book, 'which is expected to underscore the precarious nature of domestic demand,' Shapiro said.



THURSDAY, APRIL 17


As is usual on Thursdays, the Labor Department will release its weekly initial jobless claims figures. In the week ending April 12, the number of individuals filing first-time claims for unemployment insurance is expected to increase to 375,000 following the previous week's unexpected drop to 357,000 claims. Economists say claims totaling 400,000 would be a sign of recession.

'The overall trend in the series implies a new range of 370,000 to 400,000 for initial claims with occasional forays above the critical 400,000, which will confirm fears that the labor market has begun to deteriorate with a bit more speed than the market had previously forecast,' Brusuelas said.

Meanwhile, the number of individuals who continue to file claims for unemployment insurance is expected to drop to 2.930 million claims from 2.940 million claims in the previous week.


Also on Thursday is the release of the Philly Fed survey of manufacturing conditions, which for the month of April is expected to have improved slightly to -15.0 from -17.4. 'Although new orders and shipments both rose last month, unfilled orders fell sharply, indicating limited potential for a significant improvement,' said economists from Lehman Brothers.

'Additionally, both the employment and the hours series both suggested that firms were reducing their head count and trying to manage their production schedules.'

I think it might take a bit of time today for the markets to get their heads around G7. I know the Euro gapped heavily down, but it's rallied since and are the markets really going to give a toss about what the frogs want?

Morning all,

I'm looking at possibily shorting the Euro later this morning. Just see what happens with this retrace first. Looking forward to a nice volatile week.

Cable should get interesting at $1.99

I have a down sloping daily trendline lining up at around 1.9907 on cable. Looks strong enough to blast right through that though. Another bash at breaking above 2.00 this week?

Those down sloping trendlines are referred to as slopey wotsits or slopey thingies on this thread, FF.

Please be sure to use the correct terminology in future.

:o)

PS. Don't know what charts you're using, but I've got my slopey wotsit current showing at exactly 1.9900 on the M15 chart. It's looking very toppy on the M15 and due a leg down, although the H4 suggests that it's still got some mileage. A bit of va va voom (another technical term) tomorrow could easily see it break through the slopey wotsit imo.

Apologies ... must try harder.

My slopey thingey-me-bob wotsit is at 199.07 on M15, H4 and Daily. I'm using MT4, though I guess with Forex and no centralised exchange there's bound to be discrepancies in exact prices.

BTW what's best/easiest way to post charts up?

FF,

I've sussed that, with MT4, you first need to draw the line or channel on a slow timeframe such as H4 or D1. You then need to zoom into the highs and lows on a faster timeframe such as M5 or M15 and alter the object properties. It will then project more accurately.

To post up a chart, you need to get somebody like Photobucket.com to host the image. You then copy the image properties and paste them on the thread using the little html wizard above the text box. Easypeezylemonsqueezy.

Here's my piccie of H4 cable with my interpretation of where it's been and might be going.

These are the parameters for my down channel, FF.

Thanks Hils,

Yes, you certainly have to be careful drawing trend lines in MT4. I found the best way is attach on higher time frame then zoom in to M5, double click the trendline again and drag the 'grabber' icon to reattach it to the appropriate M5 bar extreme. It changes the object properties for you without having to open up the dialog box. Not sure if that's what you meant by your description but both end up changing the object properties of the trend line.

I'll have a try later of posting an image. I think I've got some web space somewhere which I'll try to use first.

That makes sense, FF, except that I didn't know you could drag a line. Where or how do you find the "grabber" icon?