Cesarnc's market talk, gossips, rumours & fun

it depends, it may as well happen, both euro and carries to start going in same direction, just to fool us all...:

Sorry to dissapoint guys but there have been some issues with some brokers (using the same feed) showing huge spikes on EU, on others threads folks have spoken with there brokens and had it confirmed - it never happened, but the lows are correct.

still my charts are showing some great moves and opertunities - just waiting for the shop to open.

So I'm looking for Bullshit? Don't have to look very hard to find that

1.5702 on my platform at the open. 100pip gap from Friday's close.

:surprised:surprised:surprised:surprised

[quote=Big Wave Rider;1949720]:surprised:surprised/quote]

yep, but curiously only a 30 pip gap on GJ

192 I say

Anyone have any news as to if this is some CB Intervention or panic on part of Investors?

Simply panic, no intervention from what news Im reading. Everyone is reacting to the language. The WSJ started this crap, claiming the G7 language was STRONG. Strong my ass. Oh well, I'm short from 201, eff em. US data this week, UK data too, I say bukkake.

So where is smart $ at open... long, short or on the sideline?

Dollar Rises After Group of Seven Raises Concern About Decline
By Bo Nielsen and Ye Xie
April 14 (Bloomberg) -- The dollar rose after Group of Seven officials expressed concern that swings in exchange rates will disrupt the global economy and financial markets.
The G-7 said in a statement released late on April 11 in Washington that policy makers are concerned about ``sharp fluctuations,'' the first significant change in its view of currencies since February 2004. The finance ministers and central bankers didn't mention the dollar or suggest any plans to intervene in foreign-exchange markets.
``There is an additional degree of urgency attached to the comments about fluctuation,'' said Alan Ruskin, head of international currency strategy at RBS Greenwich Capital Markets in Greenwich, Connecticut. ``Yet, its one thing making bold statements but that's still a long way away from putting together a plan that may support the dollar.''
The dollar rose to $1.5679 per euro at 7.57 a.m. in Wellington, from $1.5808 late in New York on April 11, after dropping 0.6 percent last week. It strengthened to 101.51 yen from 100.95 yen. The yen traded at 159.18 per euro from 159.55. The U.S. currency reached a record low of $1.5913 per euro last week even as traders speculated that finance leaders would voice support for the dollar.
``Since our last meeting, there have been at times sharp fluctuations in major currencies, and we are concerned about their possible implications for economic and financial stability,'' the G-7 statement said. ``We continue to monitor exchange markets closely, and cooperate as appropriate.''
Dollar Index
The Dollar Index, which measures the currency against six of its main counterparts, has tumbled the past two months amid concern that credit-market losses will push the U.S. economy into a recession. The index is down 6.4 percent in 2008, after dropping 8.3 percent in each of the past two years.
The last time the G-7, which comprises the U.S., Japan, Germany, the U.K., France, Italy and Canada, intervened in the currency market was on Sept. 22, 2000, when they bought the euro after it tumbled 27 percent from its 1999 debut. The G-7 last propped up the dollar in 1995, when it sank to a post-World War II low of 79.75 yen.
The G-7 downgraded its outlook for the world economy from that of two months ago, blaming the U.S. housing recession, credit-market turmoil, high commodity prices and inflation pressures.
Dollar Benefits
A weaker dollar has made U.S. goods and services more competitive in global markets. Exports increased 2 percent to a record $151.4 billion in February, the Commerce Department said last week in Washington.
``There a strong possibility that we'll soon test $1.60 again'' versus the euro, said Shankar of Bank of New York Mellon. ``Growth differentials are still stacked up against the dollar and since there's no sign whatsoever that the group is about to intervene, that clears the way for further dollar weakness.''
The euro failed to push through $1.60 as ECB President Jean-Claude Trichet said at the press conference in Frankfurt on April 10 that financial-market tension may have ``a broader than currently expected impact on the real economy.'' Trichet spoke after the bank held the main refinancing rate at a six-year high of 4 percent.
The yen and Swiss franc rose against most of the major currencies last week as investors reduced carry trades, in which they borrow funds in a country with low borrowing costs and buy assets where returns are higher.
Japan Rate
The Bank of Japan held its target lending rate at 0.5 percent on April 9, the lowest among industrialized countries. The new governor, Masaaki Shirakawa, said growth will keep slowing as rising oil prices weigh on the economy. The benchmark rates are 2.75 percent in Switzerland, 7.25 percent in Australia and 8.25 percent in New Zealand.
The Standard & Poor's 500 Index fell 2.8 percent last week after General Electric Co. dropped the most since the 1987 crash on April 11. The company reported an unexpected decline in profit just a month after it assured investors 2008 earnings would be on target, fueling concerns the fallout from the disruptions in the credit markets is spreading.
Fed officials anticipated the economy would shrink in the first half of the year, with some concerned about ``a prolonged and severe economic downturn,'' minutes of the central bank's March 18 meeting showed. The central bank cut the target lending rate by three-quarters of a percentage point to 2.25 percent at the meeting.
Traders increased bets the Fed will add to its six rate cuts since September, futures on the Chicago Board of Trade show. Traders see a 46 percent chance the Fed will lower its benchmark rate by a half-percentage point to 1.75 percent on April 30, compared with 36 percent odds a week ago. The balance of bets is for a cut of a quarter-percentage point.
To contact the reporters on this story: Bo Nielsen in New York at [email protected]; Ye Xie in New York at [email protected]
Last Updated: April 13, 2008 16:03 EDT http://images.bloomberg.com/r06/news/story_tl.gifhttp://images.bloomberg.com/r06/news/news-tools.gif http://images.bloomberg.com/r06/news/email_icon.gifEmail this

Time to fill in the gap. Or will the dollar gain?

Retail sales tomorrow

Bad news is expected unless its worse or better than crap. Bad news is good news......Blah, blah you know the story. Phuk, my bottle of wine is empty Now that is bad news

Now that is Bad news.

Yep, that means its bed time. Good night everyone

Hey all...

Crazy euro opening ... Dollar stroooonnnggg LOLLLL

Nice hot-as-hell Sunday here, I found one nice lil beach in this city. No waves, clean water and of course a crazy dude running this remote bar with freezing beer on it

I got pictures in my cell phone, I'll try to post here. Back to São Paulo tomorrow for the old good huge traffic, polution, violence.

Nice trades to you all, I mean, if you decide what to do with the nasty gap on Euro LOL

I could not resist going long the eurodollar last night.
Very interesting situation

I think it should try to break the highs again very, very soon.

Heh, I'm stayin away from the darn gaps. All I know is that there are some serious flags forming on UJ (and hence GJ).. very important week technically speaking. But wait, that's always the case

PS: we need more beach pics please.

Euro closed the darn gap... Go figure. Every 4hr candle, a new market sentiment...

ReGodDamnDiculas