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Help needed in OANDA + users from Malaysia 105 replies

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  • #13,881
  • Jun 10, 2008 5:10am Jun 10, 2008 5:10am
Quoting Malaysia
If the Greenback does recover back... or ... US economy is recuperating and doing well after all of these crisis... we shall see GEPPY Carry Trade becoming ALIVE again... keep on winding up. Because RISK APPETITE psychology.

Should be good as well... seems RISK APPETITE will drive away money from Commodity... OIL and GOLD... to Stocks and Carry Trades. Hence, OIL price and Gold price and other raw materials price shall STOP Surging up and shall START finding the equilibrium. Thus, INFLATION will not gone mad and ease out.
Yep, I'm hoping the same....
  • #13,882
  • Jun 10, 2008 5:12am Jun 10, 2008 5:12am
Quoting jest1081
made this statement 8 days ago, it was quite simple from the statement made by bernake. Coupled with the inflation crisis faced by the eurozone, Ben's speech was clearly direct. Cashing in? Again i stress, im not expecting the dollar to out perform....retracement is due i guess.
But what had happened to the market since 8days ago?

Not as easy as we thought isn't it? With all of this rhetoric going on between these UNCLES.... market still has to decide whose balls are bigger?

Not to forget... "WHEN REALITY STRIKE".
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  • #13,883
  • Jun 10, 2008 6:06am Jun 10, 2008 6:06am
cable still doesn't want to rest..maybe it just drank 'tongkat ali'..
be happy with what u have while u pursue what u want..
  • #13,884
  • Jun 10, 2008 6:09am Jun 10, 2008 6:09am
Hy malaysia.....good job!!!

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http://forum.forexometro.com/showthr...?t=112&page=21
  • #13,885
  • Jun 10, 2008 6:52am Jun 10, 2008 6:52am
Cable has plumbed a fresh intra-week low of 1.9544 since the 11:00GMT
release of the text of a speech by BoE Governor Mervyn King to the BBA in
London. King says we are now facing a period of rising inflation and slowing
growth, and warned that the financial market crisis is not yet over (Reuters).
http://www.bankofengland.co.uk/publi.../speech347.pdf
GBP/USD broke below 1.9682 (today"s Asian session base) in early European
trade, as the continent absorbed hawkish comments from Ben Bernanke (delivered
at 00:05GMT). The Federal Reserve Chairman says "the latest round of increases
in energy prices has added to the upside risks to inflation and inflation
expectations", and that the Fed will "strongly resist" a jump in price
expectations. Bernanke also says "the risk that the US economy has entered a
substantial downturn appears to have diminished over the past month or so"
(Reuters).
1.9575 and 1.9600 (earlier stall points) are now sterling resistance levels.
Middle Eastern supply helped to cap GBP/USD at a one-week peak of 1.9801
yesterday, after GBP gains spurred by another UK producer price inflation blow-
out. 1.9701 was yesterday"s NY session low, posted after Paulson declined to
rule out FX market intervention (CNBC). -- ThomsonReuters.com

英镑兑美元：金恩讲话后录得新低点

英国央行行长金恩发表讲话后英镑/美元录得新周内低点1.9544.金恩表示目前面临通胀上升和经济放缓的时期，以及警告金融市场危机仍未结束。1.9575和1.9600目前成为阻力。
  • #13,886
  • Jun 10, 2008 7:06am Jun 10, 2008 7:06am
Quoting eneloop
Cable has plumbed a fresh intra-week low of 1.9544 since the 11:00GMT
release of the text of a speech by BoE Governor Mervyn King to the BBA in
London. King says we are now facing a period of rising inflation and slowing
growth, and warned that the financial market crisis is not yet over (Reuters).
http://www.bankofengland.co.uk/publi.../speech347.pdf
GBP/USD broke below 1.9682 (today"s Asian session base) in early European
trade, as the continent absorbed hawkish comments from Ben Bernanke (delivered
at 00:05GMT). The Federal Reserve Chairman says "the latest round of increases
in energy prices has added to the upside risks to inflation and inflation
expectations", and that the Fed will "strongly resist" a jump in price
expectations. Bernanke also says "the risk that the US economy has entered a
substantial downturn appears to have diminished over the past month or so"
(Reuters).
1.9575 and 1.9600 (earlier stall points) are now sterling resistance levels. >>> SBR it has become.
Middle Eastern supply helped to cap GBP/USD at a one-week peak of 1.9801
yesterday, after GBP gains spurred by another UK producer price inflation blow-
out. 1.9701 was yesterday"s NY session low, posted after Paulson declined to
rule out FX market intervention (CNBC). -- ThomsonReuters.com

英镑兑美元：金恩讲话后录得新低点

英国央行行长金恩发表讲话后英镑/美元录得新周内低点1.9544.金恩表示目前面临通胀上升和经济放缓的时期，以及警告金融市场危机仍未结束。1.9575和1.9600目前成为阻力。
"King says we are now facing a period of rising inflation and slowing growth..." >>>> More like STAGFLATION as I mentioned.

 At least he told the truth. No frill... no hide... no deception... no lie... easy to understand. Honest guy.. I like. Long live the KING
  • #13,887
  • Jun 10, 2008 7:15am Jun 10, 2008 7:15am
Quoting Finsbury
Hy malaysia.....good job!!!

Attachment

http://forum.forexometro.com/showthr...?t=112&page=21
I went to your website but I have to open up my Italian Dictionary.... Good to practice my Italian Skill back. Good job Bro
  • #13,888
  • Jun 10, 2008 7:25am Jun 10, 2008 7:25am
Hi malaysia...the web site is different....is for italian traders....your web site...is for world traders......

Prediction eur/usd TF5min. after the news (25/20 minute)....the gioviforex italian trader..........I hope is good.....we watching!!!!!

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the first it's possbile go donw and after go strong Up.....

http://forum.forexometro.com/showthr...?t=112&page=21
  • #13,889
  • Jun 10, 2008 7:27am Jun 10, 2008 7:27am
Quoting Zack
cable still doesn't want to rest..maybe it just drank 'tongkat ali'..
Let's wait and see what this US News in less than 5mins time will do to the market

If GREEN... can't fall much further I guess... too OverSold already for CABLE. The Bear need to take a breath.

If RED... wow weee.... UP the rocket launch. And I wanna see the Rocket picture from Forex888 again

My SHORT still floating.... barely on the Green side now.

T.A.Y.O.R.
  • #13,890
  • Jun 10, 2008 7:37am Jun 10, 2008 7:37am
Quoting Malaysia
Let's wait and see what this US News in less than 5mins time will do to the market

If GREEN... can't fall much further I guess... too OverSold already for CABLE. The Bear need to take a breath.

If RED... wow weee.... UP the rocket launch. And I wanna see the Rocket picture from Forex888 again

My SHORT still floating.... barely on the Green side now.

T.A.Y.O.R.
8:30pm USD http://www.forexfactory.com/images/m...mpact_high.gif Trade Balance -60.9B -59.5B -58.2B
8:30pm USD http://www.forexfactory.com/images/m...act_medium.gif Fed Governor Mishkin Speaks

Hurmmm worsening trade balance. But the market just RANGING indecisively now. Uncle Miskin is talking... but his balls are much smaller than Uncle Ben... I'll pass.

Perhaps the MASS or the Market already tired and had enough of all of these NEWS... and decide to move independently for a moment. You know... with all of this BS being thrown around... my brain also had enough of it... Seems like majority have a OPTIMISTIC thinking about US economy gonna improve sooner.
  • #13,891
  • Edited 7:40am Jun 10, 2008 7:37am | Edited 7:40am
what do u think about the news that just come out? seems black.., just out of curiosity, what is the probability for cable to fall down or shoot up about 300+ pip without resting?..
edit: or it is red? sorry if mistaken
be happy with what u have while u pursue what u want..
  • #13,892
  • Edited 8:07am Jun 10, 2008 7:52am | Edited 8:07am
Quoting Zack
what do u think about the news that just come out? seems black.., just out of curiosity, what is the probability for cable to fall down or shoot up about 300+ pip without resting?... Answering that... that shows how Market Sentiment out of Fundamental Info overrule Technical Analysis. Fundamental and Perception is the market DRIVER. Technical help us to get in and get out from the market.
edit: or it is red? sorry if mistaken
As for this very moment... The Market seems still OPTIMISTIC with the US economy improvement because of the INFLATION... and wanting to have a STRONGER GreenBack.

Bear in mind... main reason of the INFLATION is from the rising OIL price itself.

Perhaps it's a STRATEGY to stabilized the SURGING UP OIL and Commodity price.

Do you really wanna see USD spiralling down with the OIL PRICE rocketing up?

However, a RETRACEMENT is long overdue with this non-stop falling of CABLE price within a day.

CABLE SBR area still holding so far.

TRICKY.
  • #13,893
  • Jun 10, 2008 8:08am Jun 10, 2008 8:08am
Barchart.com U.S. Morning Call for Tuesday, June 10, 2008

U.S. Preview

  1. Global stocks are trading lower this morning on hawkish comments late yesterday by Fed Chairman Bernanke. Mr. Bernanke said that the Fed would "strongly resist" any increase in inflationary expectations and he said that the risk has diminished for a "substantial downturn" in the US economy. The European DJ Stoxx 50 is down -0.32% this morning and June S&Ps are down -10.40 points (-0.76%). Asia-Pacific stocks were hit hard today: Japan -1.13%, Hong Kong -4.21%, China -8.11%, Taiwan -2.54%, Australia -2.76%, Singapore -1.65%, South Korea -2.07%, Bombay -1.17%. The Hong Kong and Chinese stock markets saw particularly large declines today since they were closed on Monday when other Asian markets saw a fairly sharp decline in response to last Friday's weak US unemployment report.
  2. US trade deficit – Today’s April trade deficit is expected to expand mildly to -$60.0 bln from -$58.2 bln in March. Today’s expected report of –60.0 billion would be near the middle of the sideways-range seen in the US trade deficit over the past 1-1/2 years. The US trade deficit hit its record high of -$67.606 billion in August 2006, but then narrowed to the range of about $56-63 billion. The narrower US trade deficit has been due to strong US exports tied to strong overseas growth and the weaker dollar which has made US exports more competitively priced. Despite the recent improvement in the US trade deficit, however, there is little reason to believe that the US trade deficit is going to show any major further improvement. Over the short-run, the US deficit is seeing upward pressure from the sharp rally in oil prices, which is pushing the dollar value of US imports higher. However, that is being offset by downward pressure on the US trade deficit from continued firm exports (due to continued strong overseas economic growth), weaker US economic growth which undercuts import demand, and the weak dollar which makes US exports cheaper. Over the long-run, there is also little reason to expect any major improvement in the US trade deficit. The weaker dollar has provided some help through making US exports cheaper. However, the US trade deficit stems mainly from intractable problems such as massive US oil imports, the poor US savings rate which creates the need to import capital (which is the flip side of the US current account deficit), and the competitive manufacturing advantages of export powerhouses such as China.
  3. There is also little reason to expect the dollar to show much a recovery over the near-term. The dollar has at least stabilized since the Fed has stopped easing and since Fed Chairman Bernanke has recently mentioned a strong dollar as an attractive policy goal. In addition, Treasury Secretary Paulson yesterday said he could never rule out intervention. Fed and Treasury officials are trying to talk up the dollar given that the weak dollar is a major reason behind the run-up in commodity and energy prices seen since the banking crisis began in mid-2007. However, there is nothing the Fed can do at this point to enforce a stronger dollar since it has its hands tied on interest rates with its ongoing battle against the banking crisis and housing recession. At the same time, ECB President Trichet last Thursday said there was a possibility of a rate hike at the next FOMC meeting in early July. That reinforces the fact that US interest rates differentials are still in wea k shape even if the Fed has stopped easing. In addition, the Fed’s federal funds rate target of 2.00% is a full 2.00 percentage points below the ECB’s 4.0% refinancing rate, meaning investors can earn 2 percentage points more in the money market by keeping their funds in euros.

Sponsor Message:

{Promotion Removed}
  • #13,894
  • Jun 10, 2008 8:21am Jun 10, 2008 8:21am
Quoting Malaysia
As for this very moment... The Market seems still OPTIMISTIC with the US economy improvement because of the INFLATION... and wanting to have a STRONGER GreenBack.

Bear in mind... main reason of the INFLATION is from the rising OIL price itself.

Perhaps it's a STRATEGY to stabilized the SURGING UP OIL and Commodity price.

Do you really wanna see USD spiralling down with the OIL PRICE rocketing up?

However, a RETRACEMENT is long overdue with this non-stop falling of CABLE price within a day.

CABLE SBR area still holding so far.

TRICKY.

i dont want to see oil rocketing up anymore..but still have to learn more about fundamentals..right now im reading this 'book' but still haven't finished yet..
be happy with what u have while u pursue what u want..
  • #13,895
  • Jun 10, 2008 8:21am Jun 10, 2008 8:21am
BOC seems the first one rising the IR at this crisis environment. SURPRISING NEWS!!!

Look at how UC drop dead in seconds.

9:00am CAD http://www.forexfactory.com/images/m...mpact_high.gif Overnight Rate 3.00% 2.75% 3.00%
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  • #13,896
  • Jun 10, 2008 8:29am Jun 10, 2008 8:29am
Which one will hit first? My TP at 1.9505 or my SL at 1 pip on the green?
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  • #13,897
  • Jun 10, 2008 9:07am Jun 10, 2008 9:07am
Quoting Malaysia
Which one will hit first? My TP at 1.9505 or my SL at 1 pip on the green?

Oh well... hit my SL first. Nite nite everyone
  • #13,898
  • Jun 10, 2008 6:45pm Jun 10, 2008 6:45pm
Analysts say partly due to the comment made by President Bush: Bush Wants Stronger US Dollar.

USD/JPY: NY Traders" Forecasts for Asian Trading San Francisco, June 10. USD/JPY trades at 107.34 after hitting a high of 107.44 this session. Traders report that activity remains very subdued after the broad USD gains today. Forecasts for the topside of tonight"s range start at 107.60 and extend to 107.80. Forecasts for the base of the range are all clustered around 107.00/05.
  • #13,899
  • Jun 10, 2008 8:06pm Jun 10, 2008 8:06pm
01:03 USD/JPY: Offers Ahead Of 107.50 Still Cap But Stops Above Lure Tokyo, June 11. USD/JPY looks to have run into a wall of offers ahead of presumed option barriers at 107.50. It may be only a matter of time before the pair trades through. It has not backed off a bit, holding at 107.42/43 at writing, with specs still eyeing large stops above. A break above would target more presumed option barriers at 108.00. Support below looks to be stiff with bidding interest moving up. It is now seen solid around 107.00 and trails lower. -- ThomsonReuters.com

T R A N S L A T I O N
美元兑日元：上方有更多障碍期权

隔夜美元/日元再次上扬，伦敦上破107.00至107.20，纽约高点见107.45。汇价随后小幅回撤，现报107.32/35，东京许多投资者预计 上破107.50甚至108.00只是时间问题，这两个价位有更多障碍期权，其上止损继续受投机者关注。若上破108.00，可能测试2月14日高点 108.62。基本面方面，近期联储官员强劲言论以及美债收益率上扬，美国政府支持强势美元的立场均利好美元/日元。
  • #13,900
  • Jun 10, 2008 8:33pm Jun 10, 2008 8:33pm
Quoting johnbaem
Im placing one PO at 1.9600.. thats around 50.0 area fibo.. this support should hold.. i believe this is now the retracement process..

TAYOR!!!
Morning...

Hit my SL for around 60pips...
Placing another PO for long at 1.9450 around 1st support for today..

TAYOR n Good Luck!
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