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

Quoting seesaw

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Is the market even moving? Seriously? Everything seems frozne....

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Quoting mktjong

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Btw, the forum is a little quiet here ..

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Quoting bigcoupe

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Thank goodness it's quiet. Everybody not posting about thier scalps!

For the moment anyway

B

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Quoting femzy112

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FSA announces crackdown on short selling of financial shares from midnight tonight!!

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Quoting femzy112

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FSA announces crackdown on short selling of financial shares from midnight tonight!!

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Quoting bigcoupe

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Can you paste the source? That is the craziest thing I have ever heard..???

Also, looks like FXCM is going to bend us over again tonight on swap. Just received this:

Rollover rates will be significantly different from normal due the extreme conditions of the credit markets. Central bank intervention is playing havoc with short-term interest rates. There may be instances where roll rates are negative on both the buy and sell side. FXCM roll rates are reflective of the roll rates that are be given to us by our banks.

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Quoting mktjong

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Ok, where is Malcolmb .. just bought @190.22 ..

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Quoting malcolmb14

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I am sitting today out

traded some oil , a little ym this morning made few points on both and called it a day

the markets are a little to wild for me today and are making me very nervous.

I choose to take day off and watch the mayhem

now they have stopped short selling in the Uk and YM spikes 200 points ...lol

all we need to now is do the same thing in the us and hey presto ... GJ 200 here we come baby . One way to support the market is stop short selling.

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Quoting malcolmb14

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loaded up ym long 10600 when i saw news .. what a risk ... just sold for 90 points profit in 10 min ..watch out gj shorts

this market is in bs manipulation stage right now .... looks like 190 will hold

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Quoting bigcoupe

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Can you paste the source? That is the craziest thing I have ever heard..???

Also, looks like FXCM is going to bend us over again tonight on swap. Just received this:

Rollover rates will be significantly different from normal due the extreme conditions of the credit markets. Central bank intervention is playing havoc with short-term interest rates. There may be instances where roll rates are negative on both the buy and sell side. FXCM roll rates are reflective of the roll rates that are be given to us by our banks.

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Quoting rgitt05

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Fannie Mae and Freddie Mac have failed — the largest financial failures ever seen in this country. And the U.S. Treasury has guaranteed their $5.2 trillion of debt. Lehman Brothers has failed. Merrill Lynch has had to be sold off to help stop its bleeding.
The airline industry is broke. The big three auto manufacturers are all but officially bankrupt. And more woes are certainly coming.
http://images.moneyandmarkets.com/10...n-brothers.jpgLehman Brothers goes belly up!
— The U.S. dollar has lost 33% of its value in the last few years, AND IT IS probably GOING TO LOSE A LOT MORE.
How can it not decline in value? The Federal Reserve is now accepting as collateral everything from investment-grade bonds ... to mortgages ... and even common stock from failing institutions in exchange for lending (printing) up money and loaning it out.
That means the Federal Reserve's once pristine balance sheet — the assets behind the dollar — is now being massively diluted.
Just a little over a year ago nearly 100% of the Fed's balance sheet was invested in U.S. Treasury securities. Today, more than 40% of the Fed's balance sheet is invested in assets and securities that would otherwise be labeled junk in the private sector.
And keep in mind the dollar's 33% loss in purchasing power occurred BEFORE the recent dilution of the Fed's balance sheet.
But it's not just the Federal Reserve whose balance sheet is deteriorating. So is the U.S. Treasury's.

Our national Treasury is now on the hook for $5.2 trillion in Fannie and Freddie mortgage bonds. Not to mention the existing $9.6 trillion in national debt.
If just 10% of those mortgages go bad, the Treasury will take a $500 billion loss. If 20% go bad (not an unreasonable scenario), it will take a ONE TRILLION DOLLAR LOSS.
And since the Treasury is guaranteeing those mortgage bonds, and therefore must fund any losses on them — it will have to issue U.S. treasury bonds back to the Fed so the Fed can print the money to pay the Treasury's creditors. This includes hundreds of billions of dollars owed to foreign investors.
Oh, and let's not forget, the Federal Reserve will charge the Treasury interest on the money it prints.
So I ask you now: How can the dollar not go down? Other than an occasional short-term bounce, the value of the buck is destined to decline much further.
More ...
— Real interest rates remain negative, below the rate of inflation, and they will remain negative for some time.
In other words, it's cheaper to borrow dollars and speculate with them than it is with just about any other currency in the world.
In other words, negative real interest rates are bearish for the dollar. And when you hold dollars, you're losing out to inflation.
Period.
I haven't even begun to tell you the real nightmares for the U.S. dollar. I haven't even touched upon the $50 trillion in contingent liabilities in Social Security, Medicare, government pensions, money the FDIC will need, and more.
And there is no way, no how that any of these debts, liabilities, potential losses will ever be covered without a massive, ongoing devaluation of the U.S. dollar.

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Quoting msniper

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finally we broke the diamond

and we test back the broken trend @ 190.60

we will ride down no more up.

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