Recent content by Blether

Desperate's a bad combination with evasive. Sorry, mate.

Hi. What rate can you offer right now on sell GBPJPY 25k, and buy GBPJPY 25k ? Thanks.

So much for mouthing off. After a few days, here's how it looks. - In practice the spread on smaller lots is much closer to the larger-lot spread than the sample that customer service gave me when I was opening the account - it's generally been more like 3 or 4 pips for large, 5 or 6 for...

So far, the only restriction with any of these providers - and they all have the same restriction - is that the source and destination accounts be in the same name. There is no problem if the different currency accounts are in different national jurisdictions (NB in Japan, for example, overseas...

Hi, a_gnome, and thanks for your post. This is my thinking so far: The two online spot forex companies mentioned in the thread so far, HiFX and Currency UK, quote a spread of about 1.5% - so the customer pays about 0.75% cf interbank. On GBP50k that's GBP375. IB offers 5 pips, i.e. 2.5 from...

r.w. - no offense taken, and none intended.

Interactive Brokers quote a 5-pip spread for lots >USD25k, and accept GBP funds at Citibank in London. The account must be pre-funded: with a bank account in the UK, I can do that next-day. Sounds like a winner and I'm opening an account.

Thanks, r.w. It can be fun to give that answer on message boards :-) I did spend some time with Google using various search terms. All I found was the usual suspects amongst the FX news and margin trading sites. Of course up front they have rates and other things, but you have to dig for the...

This question isn't in the general run of trading questions, but here goes: I'm looking to change about GBP50k (in a bank account in the UK) into JPY (in a bank account that's in Japan, or easily accessed from Japan). Spot rates in the retail market show a buy/sell spread near 10% for this...

Thanks, Grant. To be clearer, most of my banking IT experience is on the infrastructure side. The position I'm looking at interfaces between clients and in-house developers, so requires enough knowledge of the products to talk with brokers about the content they're getting.

I'm looking at the possibility of an account-management type position with a data / trading system provider's Tokyo operation, starting in the fields of FX options and USD IRS. My background is in IT, with a number of years in investment banking IT. I've done some business development for a...

For me, both CMS Forex and OandA demo show a peak of 1.3367 (bid) at 7am, with all subsequent prices lower and no peak anywhere near 1.3410. By those figures you wouldn't even have got into the market. The 09:30 candlestick is in the 1.3310-20 range. Who provides your demo ?

OK. Thanks for Dow theory, which is proving an interesting read. After further investigation I've not much else to add, except to comment that digging into the TIC data, I'm interested to see the UK alone bought the same amount of US long-term debt as Japan in 2004, and intrigued that as of...

Thanks for that, Peterpr, that does shed some light. I'm inspired to search out figures from the Reagan era, and after the '73 oil shock, amongst others, but short of time. I did find this, written in 1992 and reviewing the weak-dollar-and-high-deficit Reagan years - to quote a passage I...

Certainly there's been a long downward path in the economic cycle as we pay for "irrational exuberance" and the dot-com bubble, but I wouldn't worry about President Cheney letting Dubya get in the way of too much of the decision-making. As he said himself in debate last year 'duh - it's...