FX TRADING Aug 27-31

[AC007]

watch out there are thives about. Do not touch them.
http://forexsoft.us/catalog.htm

 

[Hook Shot]

little bit of uk news

' City trader vanishes after investment collapse, prompting fears of another Nick Leeson'

http://www.thisislondon.co.uk/news/...pting+fears+of+another+Nick+Leeson/article.do

Barclays Capital debt executive resigns as ‘SIV-lites’ struggle
http://business.timesonline.co.uk/t...ectors/banking_and_finance/article2317472.ece

HBOS bails out own fund as effect of credit crisis spreads

http://business.timesonline.co.uk/t...ectors/banking_and_finance/article2303044.ece

the words 'house of' and 'cards' come to mind...

talking to a trader of 25 years experience at the weekend he couldn't work out why the central banks had been pumping billions in and reckoned might be something big lurking out there that hasn't come to light yet. He said it was also too early to tell if the financial injection corrected and covered the problem or was just to stop the slide for now.

Probly best to get ready to buy both bank's stox since the "owners" are unlikely to let them go under... earnings may suffer but the bailout money is just paper not goldbacked so they can have have as much as they want to repair the hole... I suspect they'll get that and more...

 

[shadowninja]

Any ideas why EUR/USD has gained 50 points in as many minutes?

ETA at 1500: And now a huge drop?