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Cesarnc's market talk, gossips, rumours & fun

  • #2,581
  • Jan 14, 2008 3:55am Jan 14, 2008 3:55am
A quick recap of whats happening on the floor..
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  • #2,582
  • Jan 14, 2008 4:03am Jan 14, 2008 4:03am
Today is like we found a forgotten elephant carcass somewhere in the Kalahari

http://i2.photobucket.com/albums/y28...nc/hyena-1.jpg

I'm gonna eat even its teeth
  • #2,583
  • Jan 14, 2008 4:26am Jan 14, 2008 4:26am
Quoting cesarnc
Nothing like a Monday like this

Where's Moe? Hope he's in the bandwagon, too
im not on any bandwagon yet, will be later today.
If I Go Broke Trying Then I Will die happy.
  • #2,584
  • Jan 14, 2008 4:36am Jan 14, 2008 4:36am
Quoting Moe
im not on any bandwagon yet, will be later today.

I keep falling off
What can I say? its a bumpy ride
Just Trade It
  • #2,585
  • Jan 14, 2008 4:37am Jan 14, 2008 4:37am
Quoting Big Wave Rider
I keep falling off
What can I say? its a bumpy ride
Same here, the market's battling itself greed vs risk aversion,
Patience + Humility + Study = Success
  • #2,586
  • Jan 14, 2008 4:40am Jan 14, 2008 4:40am
All NY futures are in the green area for now, despite the Citi news/rumour (which will be officially released tomorrow).

I guess the big bet today is whether or not that emergency meeting will take place.

An out-of-the-blue rate cut would be fun

On his own words:
``We stand ready to take substantive additional action as needed to support growth and to provide adequate insurance against downside risks,'' the Fed chief said to the Women in Housing and Finance and Exchequer Club in Washington on Jan. 10. ``The committee must remain exceptionally alert and flexible.''
  • #2,587
  • Jan 14, 2008 4:41am Jan 14, 2008 4:41am
Quoting cesarnc
All NY futures are in the green area for now, despite the Citi news/rumour (which will be officially released tomorrow).

I guess the big bet today is whether or not that emergency meeting will take place.

An out-of-the-blue rate cut would be fun
Oh my that would be great.
Patience + Humility + Study = Success
  • #2,588
  • Jan 14, 2008 4:46am Jan 14, 2008 4:46am
The U.S. dollar hurt by news of further U.S. credit market losses this morning.

The number one driver of the US dollar at the moment is interest rates.

The euro is slightly higher Monday, with more weakness in the dollar eyed for this week. Analysts are looking for EUR/USD to trade in a 1.4675-1.4950 range, just below all-time high of 1.4968, and for USD/JPY to trade between at 107.50-110.00.

On Friday, the yen rose as stock markets around the world fell on subprime-related jitters, leading foreign-exchange investors to sell riskier, higher-yielding currencies and buy Japan's low-yielding yen.

The British pound sterling dipped below $1.95 after sluggish U.K. industrial output data in November before trading steady at 1.9590.

The Canadian dollar crippled further to its lowest level in a month on news that Canada's economy lost 18,700 jobs in December.

AUD was lifted earlier today after the TD Securities-Melbourne Institute monthly inflation gauge rose 0.6 % in December.
If I Go Broke Trying Then I Will die happy.
  • #2,589
  • Jan 14, 2008 4:48am Jan 14, 2008 4:48am
European traders will push USD lower ahead of expected Fed rate cuts.

Many investors want to buy USD/JPY on yield differential but are patient about entry level as USD sentiment still bearish.

AUD/USD pushes up in Asian morning session as investors return focus to yield advantage.

The market expects further rate cuts in the U.K. as its economy continues to report sluggish data. Expect the pound sterling to soften further as rate cuts will diminish its high yield appeal.

Bank of Canada is expected to cut rates again on January 22.

A load of important economic data from US are scheduled to be released this week including CPI & PPI inflation, retail sales as well as Bernanke's Testimony.
If I Go Broke Trying Then I Will die happy.
  • #2,590
  • Jan 14, 2008 4:50am Jan 14, 2008 4:50am
Quoting Big Wave Rider
I keep falling off
What can I say? its a bumpy ride
lol
If I Go Broke Trying Then I Will die happy.
  • #2,591
  • Jan 14, 2008 4:53am Jan 14, 2008 4:53am
Quoting DutchTrader
Same here, the market's battling itself greed vs risk aversion,
when I fell off the wagon I was speaking of my drinking, which by the way, is no problem. I drink, I get drunk, then I pass out. No problem.

Alcoholics go to meetings, my support group is a case of beer and a bottle of whiskey.
12 steps to recovery, 12 beers in a 12pack, coincidence?
24 hours in a day, 24 beers in a case, coincidence?
Conserve water, drink beer.
there are just too many excuses to drink.
It's 5 p.m somewhere
monday sounds like friday, why not?
Just Trade It
  • #2,592
  • Jan 14, 2008 5:00am Jan 14, 2008 5:00am
Quoting Big Wave Rider
when I fell off the wagon I was speaking of my drinking, which by the way, is no problem. I drink, I get drunk, then I pass out. No problem.

Alcoholics go to meetings, my support group is a case of beer and a bottle of whiskey.
12 steps to recovery, 12 beers in a 12pack, coincidence?
24 hours in a day, 24 beers in a case, coincidence?
Conserve water, drink beer.
there are just too many excuses to drink.
It's 5 p.m somewhere
monday sounds like friday, why not?
LOL
  • #2,593
  • Jan 14, 2008 5:47am Jan 14, 2008 5:47am
Sears Holdings Predicts 4Q Profit Well Below Street Expectations

Key word: "Well"
  • #2,594
  • Jan 14, 2008 5:53am Jan 14, 2008 5:53am
Jpy buying dragging on the majors. Gold on the way to 1k yet Aud can't break 9000
Patience + Humility + Study = Success
  • #2,595
  • Jan 14, 2008 5:55am Jan 14, 2008 5:55am
Quoting DutchTrader
Jpy buying dragging on the majors. Gold on the way to 1k yet Aud can't break 9000
Give it some time it should break through. I hope.
Just Trade It
  • #2,596
  • Jan 14, 2008 5:57am Jan 14, 2008 5:57am
Quoting Big Wave Rider
Give it some time it should break through. I hope.

I'm hoping. The Fed needs to just go ahead and cut and let the Dollar take its medicine. This way they're ahead of the rate cutting cycle, and can start raising sooner than the other CBs and get the dollar strong again.
Patience + Humility + Study = Success
  • #2,597
  • Jan 14, 2008 5:58am Jan 14, 2008 5:58am
There's a lesson to learn here.

How the interest rate sentiment hits this market. Cable is sitting like pig and didn't even make 100 pips range today, so far.
  • #2,598
  • Jan 14, 2008 6:00am Jan 14, 2008 6:00am
This is kind of weird how some currencies are gaining strength against some but losing to others. Some thing smells fishy here
Just Trade It
  • #2,599
  • Jan 14, 2008 6:01am Jan 14, 2008 6:01am
Quoting cesarnc
There's a lesson to learn here.

How the interest rate sentiment hits this market. Cable is sitting like pig and didn't even make 100 pips range today, so far.

It's all interest rates and techs. Seriously. AU is going to 9400, and Euro will hit 1.54. Now after that it should get trickier as the US, plausibly, gets back to a rate increasing cycle possible in Q3/4
Patience + Humility + Study = Success
  • #2,600
  • Jan 14, 2008 6:02am Jan 14, 2008 6:02am
Quoting cesarnc
There's a lesson to learn here.

How the interest rate sentiment hits this market. Cable is sitting like pig and didn't even make 100 pips range today, so far.

Pound is dropping like a rock against swiss
Just Trade It
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