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Auslanco - GBP/JPY and GBP/USD (newstrade)

  • #97,701
  • Jun 30, 2008 12:49am Jun 30, 2008 12:49am
interesting

Quoting peaches
something fundamental:

"The yen headed for 6 percent quarterly losses versus the euro and the dollar as Japanese workers prepared to invest their summer bonuses abroad. Employees at private Japanese companies may get bonuses of 14.8 trillion yen in June and July, Mitsubishi UFJ Research and Consulting Co. estimates.
``There's a desire among Japanese investors to place money in foreign-denominated assets,'' said Derek Halpenny, head of currency research in London at Bank of Tokyo-Mitsubishi UFJ Ltd., a unit of Japan's largest bank by market value."

http://www.bloomberg.com/apps/news?p...currency_rates
  • #97,702
  • Jun 30, 2008 12:55am Jun 30, 2008 12:55am
Quoting lilmoe
interesting

That's even more reason to short the GJ... Human nature causes most people to cut losses right at the turning point. Hope they don't have it invested right before the carry trade unwind continues.
  • #97,703
  • Jun 30, 2008 12:59am Jun 30, 2008 12:59am
Quoting peaches
something fundamental:

"The yen headed for 6 percent quarterly losses versus the euro and the dollar as Japanese workers prepared to invest their summer bonuses abroad. Employees at private Japanese companies may get bonuses of 14.8 trillion yen in June and July, Mitsubishi UFJ Research and Consulting Co. estimates.
``There's a desire among Japanese investors to place money in foreign-denominated assets,'' said Derek Halpenny, head of currency research in London at Bank of Tokyo-Mitsubishi UFJ Ltd., a unit of Japan's largest bank by market value."

http://www.bloomberg.com/apps/news?p...currency_rates

That is old news. Besides its still just speculation. I'd really like to see the them invest their bonuses in an economy thats all too ready to dump them down the toilet. 'Oh we'll just take your money to feed our credit addiction. You can have this toilet paper as security'
  • #97,704
  • Jun 30, 2008 1:08am Jun 30, 2008 1:08am
  •  kosh
  • | Joined Jan 2008 | Status: i love my pippy bank growing | 42 Posts
Hello guys,

Can someone enlighten me whether Yen pairs is related to DOW JONES INDUSTRIAL ???How about Usd pairs?

Thank you very much.

Kosh
  • #97,705
  • Jun 30, 2008 1:08am Jun 30, 2008 1:08am
Quoting triq03
My personal opinion that yen is poised to fall to 85-90 area (oh yah I said it), and Pound not looking utterly strong (their economic has crap written all over it), also poised to fall (if not curb highs). With that said I'm shorting gbp/jpy all the way. Anything below 214 area fair game
hopefully bro...im selling ej from 169.50 and hoping for reversal..damn i would be happy..
  • #97,706
  • Jun 30, 2008 1:10am Jun 30, 2008 1:10am
Where is the Eisntien dude... lol
Trade what you see, not what you think.
  • #97,707
  • Jun 30, 2008 1:11am Jun 30, 2008 1:11am
Quoting kosh
Hello guys,

Can someone enlighten me whether Yen pairs is related to DOW JONES INDUSTRIAL ???How about Usd pairs?

Thank you very much.

Kosh
It was. Now, who knows. Here's to that the correlation returns
  • #97,708
  • Jun 30, 2008 1:12am Jun 30, 2008 1:12am
it's all about the oil...

Quoting Eulogy
It was. Now, who knows. Here's to that the correlation returns
Nihil Sine Deo.
  • #97,709
  • Jun 30, 2008 1:21am Jun 30, 2008 1:21am
Quoting karmostaji
Down is the direction
  • #97,710
  • Jun 30, 2008 1:29am Jun 30, 2008 1:29am
Quoting karmostaji
Where is the Eisntien dude... lol
Helooo Karmo i know you miss me hehehe.... the market gives us an opportunity to go long at much lower price because it will sky rocket on or b4 the European Markets open be it in Frankfurt or London so watch out for that!

Just an info and not a reco!
  • #97,711
  • Jun 30, 2008 1:42am Jun 30, 2008 1:42am
Quoting 4x_Trader
Helooo Karmo i know you miss me hehehe.... the market gives us an opportunity to go long at much lower price because it will sky rocket on or b4 the European Markets open be it in Frankfurt or London so watch out for that!

Just an info and not a reco!

i hate to admit it, but i'm really thinking the same. i hope i'm wrong.
  • #97,712
  • Jun 30, 2008 1:46am Jun 30, 2008 1:46am
Quoting lilmoe
i hate to admit it, but i'm really thinking the same. i hope i'm wrong.
Quoting lilmoe
today should be full of surprises, we might be getting lots of fake signals here and there. i would suggest everyone to proceed with caution.

i'm getting lots of sell signals on GJ, i'm just hating the patter i have on my 1h chart both for GJ and UJ. i would like to see 1h qqe cross down first to short GJ.
Quoting lilmoe
UJ also looks it will stop at 105.65 if it goes down further.

if UJ breaks support, then it might drop like a stone.
cable on the other hand looks like it wants to go to daily 5sma. but no sign of it to start doing so just yet.

GJ's daily momentum is bearish. also if we stay like this we might have daily gann and qqe crossing down.

mixed feelings.
  • #97,713
  • Jun 30, 2008 1:46am Jun 30, 2008 1:46am
Quoting 4x_Trader
Helooo Karmo i know you miss me hehehe.... the market gives us an opportunity to go long at much lower price because it will sky rocket on or b4 the European Markets open be it in Frankfurt or London so watch out for that!

Just an info and not a reco!
I use a SL and protect my profits

be careful of buying every dip there is..

Just an info and not a reco
Trade what you see, not what you think.
  • #97,714
  • Jun 30, 2008 1:47am Jun 30, 2008 1:47am
Quoting lilmoe
i hate to admit it, but i'm really thinking the same. i hope i'm wrong.
Hey my friend lilmoe you're not wrong dude as we all now the market needs volatility and if you wud notice 210.40-50 is hard to crack!
  • #97,715
  • Jun 30, 2008 1:49am Jun 30, 2008 1:49am
Quoting karmostaji
I use a SL and protect my profits

be careful of buying every dip there is..

Just an info and not a reco
Noted Karmo by the way at what price do you think that the market proves you wrong (SL price)?
  • #97,716
  • Jun 30, 2008 1:54am Jun 30, 2008 1:54am
Quoting 4x_Trader
Hey my friend lilmoe you're not wrong dude as we all now the market needs volatility and if you wud notice 210.40-50 is hard to crack!


Quoting lilmoe
hey there, no fall yet. i think it's going up 150 pips at least.

if we're to fall we need 210.67 to be taken out on a daily level.
i wasn't too right here, but i do think we need a daily closing below that area for a fall.
  • #97,717
  • Jun 30, 2008 1:55am Jun 30, 2008 1:55am
Quoting lilmoe
i hate to admit it, but i'm really thinking the same. i hope i'm wrong.
The Yen Crosses are under a ton of pressure, Not a good time buy them, wait for them cool down. Right now all I see is nothing....
  • #97,718
  • Jun 30, 2008 1:59am Jun 30, 2008 1:59am
Quoting lilmoe
if UJ breaks support, then it might drop like a stone.
cable on the other hand looks like it wants to go to daily 5sma. but no sign of it to start doing so just yet.

GJ's daily momentum is bearish. also if we stay like this we might have daily gann and qqe crossing down.

mixed feelings.
UJ is breaking support at the moment, 3 mins for my 1h candle to close, lets see if it says there, i'll consider shorting GJ (small lot) if that happens, after a pullback of course.
  • #97,719
  • Jun 30, 2008 2:00am Jun 30, 2008 2:00am
Quoting Clouds
The Yen Crosses are under a ton of pressure, Not a good time buy them, wait for them cool down. Right now all I see is nothing....

i wouldn't buy either. but take a look at gbp/chf. it formed a broadening wedge, signaling reversal. if the upper TL is breached i'll go long on that one. im starting to use that pair as a good signal for GJ.
  • #97,720
  • Jun 30, 2008 2:06am Jun 30, 2008 2:06am
Quoting 4x_Trader
Noted Karmo by the way at what price do you think that the market proves you wrong (SL price)?
we'll see who is right and who is wrong I'm sticking with the shorts.
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