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Daily GBP/JPY analysis

  • #3,121
  • Apr 12, 2007 9:39pm Apr 12, 2007 9:39pm
Quoting cesarnc

USD index USD index USD index
you and your usd index. while you were making good money trading, i've been getting some r&r throughout the week.

so who's the better looking trader? me. that's who.

that's right all you grimy, bags under the eyes, tired and worn out traders, get some r&r, then you too can look as handsome as me.
BAM BAM BOOM! -bravado
  • #3,122
  • Apr 12, 2007 9:41pm Apr 12, 2007 9:41pm
Quoting pipped oFF
I am reading mixed opinions on the G7 as it could potentially be Yen bullish or have no effect on the carry at all. A possible rate hike by the ECB is in the forecast for June which could be pricing itself in right now.
The Euro is hitting a grand slam right now i would even think of shorting just yet.
good point. yea.. ok. but let me ask you this. who is the better looking trader?
BAM BAM BOOM! -bravado
  • #3,123
  • Apr 12, 2007 9:43pm Apr 12, 2007 9:43pm

Quoting bravado
you and your usd index. while you were making good money trading, i've been getting some r&r throughout the week.

Quoting bravado

so who's the better looking trader? me. that's who.

that's right all you grimy, bags under the eyes, tired and worn outtraders, get some r&r, then you too can look as handsome as me.
hahahahahahahaha, u r something, bravado. Im even worse, grimy, bags under the eyes, tired and worn out plus losing continously.
We leave no soldier behind.
  • #3,124
  • Apr 12, 2007 9:46pm Apr 12, 2007 9:46pm
Quoting bravado
good point. yea.. ok. but let me ask you this. who is the better looking trader?

I doubt you've had it with as many girls as hazz did, in any case DEFINITELY not you.
Still waters run deep
  • #3,125
  • Apr 12, 2007 9:47pm Apr 12, 2007 9:47pm
Quoting bravado
good point. yea.. ok. but let me ask you this. who is the better looking trader?
I may have bags under my eyes but just look at those teeth ------ >
"Only when the tide goes out will we know who is swimming naked."
  • #3,126
  • Apr 12, 2007 9:49pm Apr 12, 2007 9:49pm
whatever.
BAM BAM BOOM! -bravado
  • #3,127
  • Apr 12, 2007 11:36pm Apr 12, 2007 11:36pm
I love this guy!!

Quoting bravado
you and your usd index. while you were making good money trading, i've been getting some r&r throughout the week.

so who's the better looking trader? me. that's who.

that's right all you grimy, bags under the eyes, tired and worn out traders, get some r&r, then you too can look as handsome as me.
  • #3,128
  • Apr 13, 2007 3:52am Apr 13, 2007 3:52am
Quoting bravado
you and your usd index. while you were making good money trading, i've been getting some r&r throughout the week.

so who's the better looking trader? me. that's who.

that's right all you grimy, bags under the eyes, tired and worn out traders, get some r&r, then you too can look as handsome as me.
hhehehe... this week it was all about USD index, man. I just look where the cash is going to and from and trade it.
  • #3,129
  • Apr 13, 2007 4:00am Apr 13, 2007 4:00am
Any thoughts on GJ going above 236 today? That UJ dive hurt....
  • #3,130
  • Apr 13, 2007 4:06am Apr 13, 2007 4:06am
Quoting Big P
Any thoughts on GJ going above 236 today? That UJ dive hurt....
im short at 235...if this is not a down break move, I dont know what it is.
We leave no soldier behind.
  • #3,131
  • Apr 13, 2007 4:11am Apr 13, 2007 4:11am
Quoting Big P
Any thoughts on GJ going above 236 today? That UJ dive hurt....
we will have to watch it close today... Ahead of G7, we may have a strong carry trade unwinding and 233s are in the cards.

UJ below 118.40 would confirm more yen strength, although 118.00/20 is at an upwards trendline starting March 5 (115.7)
  • #3,132
  • Apr 13, 2007 4:27am Apr 13, 2007 4:27am
[USD/YEN] has sailed lower as stops are widely tripped blow 118.40 and through 160.00 in Eur/Yen. Traders note a general urgency to pare some risk ahead of the G7, which has been exaggerated by Asia's last minute spike in the opposite direction. US Names have been the lead sellers in this move, although the breaking point followed sales from Japanese trust banks with this sector previously providing the majority of bids. Aud/Yen buyers have emerged into the dip and some vale is likely to be seen ahead of 118.00 in Usd/Yen, but more tech stops assured under the 20 day m.a at 118.17, and a fuerther sell off looking the more likely. below here and the 200 day m.a at 117.89 is anoter key marker.
  • #3,133
  • Apr 13, 2007 5:08am Apr 13, 2007 5:08am
For the sake of new traders, maybe consider not using abbreviations for currency pairs.

Good luck traders!
  • #3,134
  • Apr 13, 2007 5:31am Apr 13, 2007 5:31am

wht do u mean by using abreviations?

is there anybody on the short side now? or still waiting?

We leave no soldier behind.
  • #3,135
  • Apr 13, 2007 5:47am Apr 13, 2007 5:47am
Seems indeed dollar getting spanked hard here. i wonder how imporant todays news announsment are for the dollar? i mean is it only short them impact if comes more positive and then continues the down movement.
  • #3,136
  • Apr 13, 2007 6:07am Apr 13, 2007 6:07am
Quoting gagiul

wht do u mean by using abreviations?

is there anybody on the short side now? or still waiting?

small short here, to ease a long position carrying drawdown. The key here is to find out what is Cable's top and how market will trade UJ. But my feeling is that UJ can't make it too much below 118.00.

We must find out at which price Cable will start correcting and when it's going to happen.

Note that 9913 was the price of the last rate hike, that came by surprise. We may see 99+ and hold in case of a fresh USD disaster still today.
  • #3,137
  • Apr 13, 2007 6:10am Apr 13, 2007 6:10am
Quoting cesarnc
(...) in case of a fresh USD disaster still today.
Just realized today's Friday the 13th
  • #3,138
  • Apr 13, 2007 6:12am Apr 13, 2007 6:12am
"This weekend, the G7 will meet in Washington. Judging by those we have spoken to, there seem to be little interest from the market. The meeting is expected to reiterate the topic of global imbalance, an issue that centers on China. However, China will not be represented by the Central Bank Governor Zhou Xiaochuan, suggesting that China’s currency (yuan) flexibility might not be in the spotlight. This is especially relevant given the recent rising trade tensions between the US and China. Overall, the market seems to view this as a non-event, which is reflected in the currency market, where yen-carry trades have continued to show exemplary strength."

Might be hood to hold thos shorts for while.
  • #3,139
  • Apr 13, 2007 7:02am Apr 13, 2007 7:02am
That's HUUUGEEE

Gbp players are awaiting a speech by BOE's Gieve. However, such anticipation has not prevented bulls from continuing to plough into [CABLE] on a perceived positive BOE interest rates outlook even at these relatively frothy levels. A US investment house has been a noted seller today, but Gbp/Usd continues to grind higher, initially towards 1.99. Broader Usd weakness is the main theme, with the Pound little real changed versus the Euro and Jpy in Europe. Much will depend on the US data, in particular PPI, to come in the very short-term, but we do not expect today's numbers to materially affect this market's main target, which appears to be for a test of the psychological 2.00 level in the very near future.
  • #3,140
  • Apr 13, 2007 7:08am Apr 13, 2007 7:08am
Exelent news! thanks.
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