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Daily GBP/JPY analysis

  • #3,541
  • Apr 20, 2007 1:22am Apr 20, 2007 1:22am
Whooohoooo making money again gbp/jpy back to 238 level again! 240-242 coming up still lots of money left on the table any takers?
  • #3,542
  • Apr 20, 2007 1:39am Apr 20, 2007 1:39am
And it's pound strength too. Weird, I wasn't expecting much movement before the retail sales report, I had just closed out my positions on the cable

I guess this explains it:

UK RETAIL SALES: There's a bit of talk in the UK markets on a possible super-strong March retail sales report. Talk suggests a y/y reading of 5.2% against the market for 4.7%. To get that then the m/m reading (which is the important component of UK retail sales data) would need to be 1.0% - double the market estimate for 0.5%
  • #3,543
  • Apr 20, 2007 1:46am Apr 20, 2007 1:46am
there is not sign indicaiton yet as an market pressure to change direction all bulls here. but keeping watchfull eye on the today newst and 238.25/30 and 238.55/60 barriers
  • #3,544
  • Apr 20, 2007 3:35am Apr 20, 2007 3:35am
Crazy stuff happening even after poor retail sales
  • #3,545
  • Apr 20, 2007 3:47am Apr 20, 2007 3:47am
Quoting jaree
Crazy stuff happening even after poor retail sales
Yeah.. my calls stank today... Better Retail - No... Cable going up -> No

Hate Fridays
  • #3,546
  • Apr 20, 2007 3:48am Apr 20, 2007 3:48am
I wonder where will this stop now
  • #3,547
  • Apr 20, 2007 3:49am Apr 20, 2007 3:49am
sometimes it can save somebody's bakon ... monitoring closely how far it down it will go .... to get some long orders ...
  • #3,548
  • Apr 20, 2007 3:55am Apr 20, 2007 3:55am
hey mate, it happens. Dont worry bout it.

the volatility in yen in crazy, with no real direction...thats good. i can sense a similar pattern starting to come out.

Quoting cesarnc
Yeah.. my calls stank today... Better Retail - No... Cable going up -> No

Hate Fridays
  • #3,549
  • Apr 20, 2007 3:56am Apr 20, 2007 3:56am
Previous was revised up to 1.6%. I think the mixed moves are due to that.

0000 strong so far... back above M15 250EMA, and we are going to the highs.

Dust settled + Euro bouncing off 3600 to go for highs may be the trigger.
  • #3,550
  • Apr 20, 2007 3:57am Apr 20, 2007 3:57am
Quoting jest1081
hey mate, it happens. Dont worry bout it.

the volatility in yen in crazy, with no real direction...thats good. i can sense a similar pattern starting to come out.
I'm cool. No $ in so far
  • #3,551
  • Apr 20, 2007 3:59am Apr 20, 2007 3:59am
Quoting cesarnc
I'm cool. No $ in so far
hahaha even better... money in the bank!
  • #3,552
  • Apr 20, 2007 4:04am Apr 20, 2007 4:04am
Quoting jest1081
hahaha even better... money in the bank!
Yes... I was sure about what to do in case Retail came out better. But was pretty unsure about the reaction in case of f/c or worse...

I've seen news coming bad, pushing against the trend just to give the bulls a very good price to go back in... And this 9990s were awesome prices to buy.

gonna wait some more though
  • #3,553
  • Apr 20, 2007 4:56am Apr 20, 2007 4:56am
Quoting cesarnc
Yes... I was sure about what to do in case Retail came out better. But was pretty unsure about the reaction in case of f/c or worse...

I've seen news coming bad, pushing against the trend just to give the bulls a very good price to go back in... And this 9990s were awesome prices to buy.

gonna wait some more though
Correct go long and you never be go wrong!
  • #3,554
  • Apr 20, 2007 6:19am Apr 20, 2007 6:19am
F'N BASTARD

07:16 Trichet: JPY should reflect Japanese economy
  • #3,555
  • Apr 20, 2007 6:23am Apr 20, 2007 6:23am
I have to quit trading this FUCKING currency JUST because of those fucking bastards poppin in out of their shitholes to SCREW with the market .... FUCKING BASTARD!!!!!!!!!!!!!!!!!!!

YEN close to 119 and "should reflect economy" crap appears to DRIVE THE CURRENCY AS THEY WISH, not how the market perceives!!!!!!!!!!
  • #3,556
  • Apr 20, 2007 6:26am Apr 20, 2007 6:26am
[EUR/YEN] is easing off a few ticks and players paid some heed to both Trichet and now Juncker, who says that happy to see Japanese officials repeated their belief that Japan'se economy has returned to sustainable growth. He adds that the Yen exchange rate should reflect economic fundamentals. Having driven the cross up on officials relaxed approach to Euro strength, a now long market has chosen not to ignore the persistent tone regarding the Yen which continues to trade on the back of the carry theme, rarther than the much publicised hops for it to track the fledgling recovery in Japan.

Sorry for the explosion... Just hate to have my trades caught out of nowehere from those "gentlemen on the wires"
  • #3,557
  • Apr 20, 2007 6:52am Apr 20, 2007 6:52am
YEN STRONGER THIS TRICHET

http://www.ooze.com/finger/assets/images/baby.jpg

  • #3,558
  • Apr 20, 2007 6:58am Apr 20, 2007 6:58am
Falling asleep at the monitor
All hard work brings a profit, but mere talk leads only to poverty.
  • #3,559
  • Apr 20, 2007 7:01am Apr 20, 2007 7:01am
Quoting cesarnc

Sorry for the explosion... Just hate to have my trades caught out of nowehere from those "gentlemen on the wires"
Really respect your views, cesar, just down get blown off the forums...

By the way, please remind me where you get your news feeds?

Regards.
Gone to a better place
  • #3,560
  • Apr 20, 2007 7:40am Apr 20, 2007 7:40am
08:37 Dow futures are screaming prior to the open today. Up 86 points, following the overseas equity markets.
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