N Rothschild
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im up 150 points on the yen with double size
N Rothschild
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i seem to recall pippy saying it wasnt a major trend change the other week..boo ya!
Masquerade
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I lost a lot on chf/jpy a few weeks back. I vowed not trade it again and just stick to what I do.
I was thinking of going long usd/jpy - but it's just so boring.
Masquerade
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Being right or wrong in trading is rather irrelevant anyway.
Masquerade
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the 1st time I see Mask saying something right
You're a genius.
Masquerade
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Mask, what's wrong with Monaco & what's up with Samoa
Randomness, keep up...
Pippy5000
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If anyone wants to learn scalping using limit orders here's how you do it..
Cable has moved 400 pips today and is running out of steam while simultaneously approaching daily SMA support and the slow line on the stochastic oscillator is reaching oversold on the 2hr charts.. the fast line is ridiculously oversold, but the red line isn't as important.. Anyway, doesn't matter if Cable ends up at 1.58 next week.. today it will bounce for 25 pips upon touching the daily SMA..
official entry will be 1.6295
Cable has moved 400 pips today and is running out of steam while simultaneously approaching daily SMA support and the slow line on the stochastic oscillator is reaching oversold on the 2hr charts.. the fast line is ridiculously oversold, but the red line isn't as important.. Anyway, doesn't matter if Cable ends up at 1.58 next week.. today it will bounce for 25 pips upon touching the daily SMA..
official entry will be 1.6295
Masquerade
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Probably not worth it now, market's closing soon - that's the only reason it's running out of steam I imagine.
October 22, 2009 Analysis
• The dollar pared earlier gains as the US equity market reversed earlier losses on Thursday. The Conference Board US leading economic indicators index climbed for a sixth straight month in September while the US jobless situation deteriorated slightly and US home prices unexpectedly fell. The S&P 500 index, reversing earlier losses, gained 11.51 to 1,092.91. The yen was pressured by Japan’s weak exports. Sterling was little changed on flat UK retail sales. The Australian and Canadian dollars declined modestly as commodity prices consolidated previous strong gains.
• The EUR/USD is hovering around the 1.50 level. The eurozone current account recorded a deficit in August as exports fell. Verbal intervention for EMU policy makers will likely intensify if the EUR/USD ascent continues. The pair is in a strong uptrend but overbought. There are strong support in the 1.48 area and resistance in the 1.54. If this support is broken, the EUR/USD will turn bearish.
• The dollar pared earlier gains as the US equity market reversed earlier losses on Thursday. The Conference Board US leading economic indicators index climbed for a sixth straight month in September while the US jobless situation deteriorated slightly and US home prices unexpectedly fell. The S&P 500 index, reversing earlier losses, gained 11.51 to 1,092.91. The yen was pressured by Japan’s weak exports. Sterling was little changed on flat UK retail sales. The Australian and Canadian dollars declined modestly as commodity prices consolidated previous strong gains.
• The EUR/USD is hovering around the 1.50 level. The eurozone current account recorded a deficit in August as exports fell. Verbal intervention for EMU policy makers will likely intensify if the EUR/USD ascent continues. The pair is in a strong uptrend but overbought. There are strong support in the 1.48 area and resistance in the 1.54. If this support is broken, the EUR/USD will turn bearish.
October 22, 2009 US and Canada News
The Conference Board US leading economic indicators index, measuring future economic activity, rose a more-than-expected 1.0% m/m in September, a sixth consecutive rise, after a downwardly revised 0.4% m/m increase in August, LEI data from the Conference Board showed, signaling the US economy will possibly expand into early 2010. The coincident index, a measure of current economic activity, was unchanged m/m in September after increasing 0.1% m/m the previous two months.
US initial jobless claims increased 11,000 to a higher-than-expected 531,000 in the week ending October 17 from the previous week’s upwardly revised 520,000, figures from the Labor Department showed, a reminder that the US labor market will be slow to recover even though the economy is recovering. The 4-week moving average of new jobless claims declined 750 to 532,250. Continuing claims in the week ending October 10 dropped 98,000 to 5,923,000 from the preceding week’s upwardly revised 6,021,000. The 4-week moving average of those continuing claims decreased 59,250 to 6,030,750. The insured unemployment rate for the week ending October 10 declined to 4.5% from the prior week’s upwardly revised 4.6%.
US home prices unexpectedly declined 0.3% m/m in August after a 0.3% m/m increase in July, according to the Federal Housing Finance Agency’s monthly house price index. August house prices fell 3.6% y/y.
Canada’s retail sales gained a more-than-expected 0.8% m/m in August to C$34.5 billion ($32.8 billion), led by new truck purchases and higher prices at gasoline stations, after a revised 0.5% m/m decline in July, according to data from Statistics Canada. Retail sales less autos increased 0.5% m/m, following July’s revised 0.6% m/m decrease.
The Conference Board US leading economic indicators index, measuring future economic activity, rose a more-than-expected 1.0% m/m in September, a sixth consecutive rise, after a downwardly revised 0.4% m/m increase in August, LEI data from the Conference Board showed, signaling the US economy will possibly expand into early 2010. The coincident index, a measure of current economic activity, was unchanged m/m in September after increasing 0.1% m/m the previous two months.
US initial jobless claims increased 11,000 to a higher-than-expected 531,000 in the week ending October 17 from the previous week’s upwardly revised 520,000, figures from the Labor Department showed, a reminder that the US labor market will be slow to recover even though the economy is recovering. The 4-week moving average of new jobless claims declined 750 to 532,250. Continuing claims in the week ending October 10 dropped 98,000 to 5,923,000 from the preceding week’s upwardly revised 6,021,000. The 4-week moving average of those continuing claims decreased 59,250 to 6,030,750. The insured unemployment rate for the week ending October 10 declined to 4.5% from the prior week’s upwardly revised 4.6%.
US home prices unexpectedly declined 0.3% m/m in August after a 0.3% m/m increase in July, according to the Federal Housing Finance Agency’s monthly house price index. August house prices fell 3.6% y/y.
Canada’s retail sales gained a more-than-expected 0.8% m/m in August to C$34.5 billion ($32.8 billion), led by new truck purchases and higher prices at gasoline stations, after a revised 0.5% m/m decline in July, according to data from Statistics Canada. Retail sales less autos increased 0.5% m/m, following July’s revised 0.6% m/m decrease.
