wallstreet1928
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Yawn....Good morning chaps ........
closed cable trade for + 70 pips
but USD/YEN hit my stop loss so - 15 pips
Oh well overall profit + 60 pips
not a bad start to the morning trade
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Yawn....Good morning chaps ........
closed cable trade for + 70 pips
but USD/YEN hit my stop loss so - 15 pips
Oh well overall profit + 60 pips
not a bad start to the morning trade
wallstreet1928
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I'm very, very surprised
wallstreet1928
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WOW............
BP alert , BP Alert
Broken 560
read all bout it, read all about it ..........
BP alert , BP Alert
Broken 560
read all bout it, read all about it ..........
wallstreet1928
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Dentalfloss
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ftse 100
hopefully the range will constrict aroundthe high and 5100
hopefully the range will constrict aroundthe high and 5100
wallstreet1928
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wallstreet1928
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Dentist, do you think they know something we don't............
why would the dollar rally before the FOMC meeting?
will they carry on with Quantitative Easing?
why would the dollar rally before the FOMC meeting?
will they carry on with Quantitative Easing?
PaulHClark
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Weak dollar feeding into commodities by the look of it
A little insight into dollar might the US Treasury activity here's one view though not an entirely clear one:http://www.ft.com/cms/bfba2c48-5588-11dc-b971-0000779fd2ac.html
A little insight into dollar might the US Treasury activity here's one view though not an entirely clear one:http://www.ft.com/cms/bfba2c48-5588-11dc-b971-0000779fd2ac.html
Dentalfloss
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low pole got taken out.there is strength there...well some
top of the range now
top of the range now
PaulHClark
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Dentalfloss
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ws.have no clue.just telling you whats on the p/f charts.theusdjpy is daily data.med term
wallstreet1928
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I am long USD/JPY 91.26...stop loss 91
target 91.75
target 91.75
PaulHClark
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WS - that's probably a great trade as I hit my stop loss just below your entry point!
wallstreet1928
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Sept. 22 (Bloomberg) -- The dollar weakened for the first time in three days against the euro as signs the global economy is recovering spurred investors to buy higher-yielding assets.
The greenback fell versus 15 of the 16 major currencies as most Asian stocks rose after the Asian Development Bank said regional economies will expand at a faster-than-expected pace this year, boosting demand for emerging-market investments. New Zealand’s dollar rose toward a six-week high against the yen after the nation’s current-account deficit shrank to the narrowest in more than four years.
“The economies are recovering, but not super strong,” Peter Redward, head of Asian emerging-markets research at Barclays Plc in Singapore, said in a Bloomberg Television interview. “Within this region, we still like to remain long risk-appetite plays, so Korea, India and Indonesia are our top picks” against the dollar, he said.
ADB Report
Most Asian currencies gained as the ADB said in a report today that Asia, excluding Japan, will grow 3.9 percent in 2009, faster than a March estimate of 3.4 percent. Growth may strengthen in 2010 to 6.4 percent, the ADB said.
The region is leading the world’s emergence from the deepest recession since the 1930s after governments boosted spending, cut taxes and slashed interest rates, averting a spiral into a repeat of the Great Depression. Withdrawing stimulus measures too early may derail the global recovery and lead to a protracted slowdown, the ADB said.
The U.S. currency also weakened on speculation that the Group-of-20 leaders meeting in Pittsburgh on Sept. 24-25 will call for a reduction in global trade imbalances that may cause further gains in currencies against the dollar.
‘Facilitate Global Adjustment’
Policy makers need to promote a “sustained growth track and facilitate global adjustment, as well as structural reform which will need to be undertaken in both deficit and surplus countries,” Dimitri Soudas, a spokesman for Canadian Prime Minister Stephen Harper, told reporters yesterday in Ottawa.
“There’s talk that world leaders may seek to address the U.S. imbalances,” said Masashi Kurabe, head of currency sales and trading in Hong Kong at Bank of Tokyo-Mitsubishi UFJ Ltd., a unit of Japan’s biggest publicly traded bank. “This may lead to weakness in the dollar.”
The U.S. trade deficit widened in July and imports gained by a record 4.7 percent, the Commerce Department said in Washington on Sept. 10. The gap between imports and exports increased 16 percent, the most in more than a decade.
Losses in the U.S. dollar were limited before a Federal Reserve meeting at which policy makers may signal an exit from economic stimulus measures, increasing the allure of assets in the world’s biggest economy.
The Fed will keep its target rate for overnight loans at a range of zero to 0.25 percent at its two-day policy meeting starting today, according to all 93 economists surveyed by Bloomberg News. Chairman Ben S. Bernanke and his colleagues may discuss how to wind down purchases of mortgage-backed securities.
“We wait to see how much the Fed acknowledges the improvement in the data recently,” said John Horner, a currency strategist in Sydney at Deutsche Bank AG, the world’s largest foreign-exchange trader. “The risk is that dollar short positions get taken off prior to that event.”
A short position is a bet an asset will decline.
The greenback fell versus 15 of the 16 major currencies as most Asian stocks rose after the Asian Development Bank said regional economies will expand at a faster-than-expected pace this year, boosting demand for emerging-market investments. New Zealand’s dollar rose toward a six-week high against the yen after the nation’s current-account deficit shrank to the narrowest in more than four years.
“The economies are recovering, but not super strong,” Peter Redward, head of Asian emerging-markets research at Barclays Plc in Singapore, said in a Bloomberg Television interview. “Within this region, we still like to remain long risk-appetite plays, so Korea, India and Indonesia are our top picks” against the dollar, he said.
ADB Report
Most Asian currencies gained as the ADB said in a report today that Asia, excluding Japan, will grow 3.9 percent in 2009, faster than a March estimate of 3.4 percent. Growth may strengthen in 2010 to 6.4 percent, the ADB said.
The region is leading the world’s emergence from the deepest recession since the 1930s after governments boosted spending, cut taxes and slashed interest rates, averting a spiral into a repeat of the Great Depression. Withdrawing stimulus measures too early may derail the global recovery and lead to a protracted slowdown, the ADB said.
The U.S. currency also weakened on speculation that the Group-of-20 leaders meeting in Pittsburgh on Sept. 24-25 will call for a reduction in global trade imbalances that may cause further gains in currencies against the dollar.
‘Facilitate Global Adjustment’
Policy makers need to promote a “sustained growth track and facilitate global adjustment, as well as structural reform which will need to be undertaken in both deficit and surplus countries,” Dimitri Soudas, a spokesman for Canadian Prime Minister Stephen Harper, told reporters yesterday in Ottawa.
“There’s talk that world leaders may seek to address the U.S. imbalances,” said Masashi Kurabe, head of currency sales and trading in Hong Kong at Bank of Tokyo-Mitsubishi UFJ Ltd., a unit of Japan’s biggest publicly traded bank. “This may lead to weakness in the dollar.”
The U.S. trade deficit widened in July and imports gained by a record 4.7 percent, the Commerce Department said in Washington on Sept. 10. The gap between imports and exports increased 16 percent, the most in more than a decade.
Losses in the U.S. dollar were limited before a Federal Reserve meeting at which policy makers may signal an exit from economic stimulus measures, increasing the allure of assets in the world’s biggest economy.
The Fed will keep its target rate for overnight loans at a range of zero to 0.25 percent at its two-day policy meeting starting today, according to all 93 economists surveyed by Bloomberg News. Chairman Ben S. Bernanke and his colleagues may discuss how to wind down purchases of mortgage-backed securities.
“We wait to see how much the Fed acknowledges the improvement in the data recently,” said John Horner, a currency strategist in Sydney at Deutsche Bank AG, the world’s largest foreign-exchange trader. “The risk is that dollar short positions get taken off prior to that event.”
A short position is a bet an asset will decline.
wallstreet1928
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amend to break even
Dentalfloss
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from Ashraf Laidi
2009.09.22 03:30: The dollar is increasingly being treated similarly across the board (falling or rising against all currencies including the yen), which is slightly different from previous cases when its behaviour against JPY was generally contrary to that against other currencies. This suggests that dollar moves are a reflection of a USD-specific dynamic, rather than yen-specific. Thus, in the next wave of risk aversion, we would expect to see a stronger USD vs. the major currencies as well as USDJPY. CORRECTION. Ashraf guest host appearance on CNBC's World Wide Exchange will be WEDNESDAY and NOT Today at 9:00-9:45 am GMT (10-10.40 EST)
2009.09.22 03:30: The dollar is increasingly being treated similarly across the board (falling or rising against all currencies including the yen), which is slightly different from previous cases when its behaviour against JPY was generally contrary to that against other currencies. This suggests that dollar moves are a reflection of a USD-specific dynamic, rather than yen-specific. Thus, in the next wave of risk aversion, we would expect to see a stronger USD vs. the major currencies as well as USDJPY. CORRECTION. Ashraf guest host appearance on CNBC's World Wide Exchange will be WEDNESDAY and NOT Today at 9:00-9:45 am GMT (10-10.40 EST)
Chelski
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Da.DesiTrader
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Short on EUR/GBP
Da.DesiTrader
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Amended to b/e at .907
Da.DesiTrader
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FTSE closed my long 5154 (morning around 8ish) at 5178
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