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

  • #191,701
  • Aug 26, 2009 7:23am Aug 26, 2009 7:23am
Quoting malcolmb14
15 min buyers .... lets see what happpens when 153.50 hit

Attachment
Back to 154 again? ..
  • #191,702
  • Aug 26, 2009 7:25am Aug 26, 2009 7:25am
Quoting SwissKinseb
i set a pending long @ 152.35 SL 40 TP 300
anyone long with me ? i move sl to entry now
  • #191,703
  • Aug 26, 2009 7:26am Aug 26, 2009 7:26am
this is annoying. Why are people buying this. It seems like whenever everything is aligned in each session for it to come down the U.S. session has one piece of news that makes everyone buy it. Either it's news or stocks go up. Just go down already!
  • #191,704
  • Aug 26, 2009 7:26am Aug 26, 2009 7:26am
Quoting malcolmb14
this is off topic for those that understand how these things work ....cuase i sure do not

was thinking about something

 

  1. colonial went down 25 billion on deposit
  2. bb got 22 bill ... fdic cover 3 bill
  3. but hold on would there not be 25 bill in deposits still ? or did a bunch of people lose money ?
  4. and if not did fdic just give bb 3 bill free ?

can someone explain this to me please

It's like a chapter 11. They are allieviated of bad debts, but depositors are safe. All lower tier creditors on the banks investments don't get paid. So in effect the debt is now a loss on someone else's books.
  • #191,705
  • Aug 26, 2009 7:30am Aug 26, 2009 7:30am
Quoting malcolmb14
no no ..... housing is being bought .. did you not hear ... the housing market this year broke the 100 year trend and biggest amount of buying is in the Summer months...lol
what, people are buying houses now? maybe they have saved alot of money or maybe they are using their credit cards to buy houses
  • #191,706
  • Aug 26, 2009 7:32am Aug 26, 2009 7:32am
Quoting malcolmb14
this is off topic for those that understand how these things work ....cuase i sure do not

was thinking about something

 

  1. colonial went down 25 billion on deposit
  2. bb got 22 bill ... fdic cover 3 bill
  3. but hold on would there not be 25 bill in deposits still ? or did a bunch of people lose money ?
  4. and if not did fdic just give bb 3 bill free ?

can someone explain this to me please

Colonial had only 20 billion in deposits and 25.5 billion in assets.
BBT bought around 22 billion of those assets and have a loss sharing agreement with the FDIC on 15 billion worth of assets of which the FDIC is estimating will take a hit of around 3 billion.

In essence, yeah, the FDIC is in the business of giving away free money.
  • #191,707
  • Aug 26, 2009 7:33am Aug 26, 2009 7:33am
Quoting england33
my brother in law is a contractor in california that is in close contact with many of the main developers....
I hope things pick up for him. Apparently in California, they're buying land again for development (at least in Sacramento) so it seems to be picking up a bit.
Also they're starting construction on the headland next to my property in Oregon. 150 units, so it seems like there are stirrings.

I think most of the sales this month were already built but not sold. that's the difference. Construction is still way down.
  • #191,708
  • Aug 26, 2009 7:34am Aug 26, 2009 7:34am
There is the first time buyers credit here in the US and supposedly first time buyers are buying because it is going to expire in another month or so. I think it is an $8,000.00 credit.
  • #191,709
  • Aug 26, 2009 7:35am Aug 26, 2009 7:35am
ok now i don't get it. Oil inventories was more than expected. by 1.7 million barrels more than expected. Crude spiked up

Oversupply = price increase
  • #191,710
  • Aug 26, 2009 7:36am Aug 26, 2009 7:36am
Quoting Eulogy
Colonial had only 20 billion in deposits and 25.5 billion in assets.
BBT bought around 22 billion of those assets and have a loss sharing agreement with the FDIC on 15 billion worth of assets of which the FDIC is estimating will take a hit of around 3 billion.

In essence, yeah, the FDIC is in the business of giving away free money.
I thought Colonial was a protected bankruptcy prior to the sale.

Was it a straight sale?
  • #191,711
  • Aug 26, 2009 7:36am Aug 26, 2009 7:36am
wow...auslanco room is fool today..nice1...
MY OPINION NOT FINANCIAL ADVISE
  • #191,712
  • Aug 26, 2009 7:37am Aug 26, 2009 7:37am
Quoting dre3029
this is annoying. Why are people buying this. It seems like whenever everything is aligned in each session for it to come down the U.S. session has one piece of news that makes everyone buy it. Either it's news or stocks go up. Just go down already!
I share your sentiments completely US session is killing me. It was a good run though. I failed to move out in time

Oh and am new to this side, just discovered the beauty of GBPJPY and now I see the dark side


  • #191,713
  • Aug 26, 2009 7:37am Aug 26, 2009 7:37am
Quoting Eulogy
ok now i don't get it. Oil inventories was more than expected. by 1.7 million barrels more than expected. Crude spiked up

Oversupply = price increase
lol...I was just wondering the same thing! If this market is being manipulated then that means when the truth comes out it will be obvious.
  • #191,714
  • Edited 8:03am Aug 26, 2009 7:38am | Edited 8:03am
New home sales 433k. Oil inventory pre -8.4 now 0.2. Is tis good for usd?
  • #191,715
  • Aug 26, 2009 7:39am Aug 26, 2009 7:39am
Quoting fxgrnwise
There is the first time buyers credit here in the US and supposedly first time buyers are buying because it is going to expire in another month or so. I think it is an $8,000.00 credit.
You think that's bad

I'm thinking the main reason why the Aussie housing market hasn't yet collapsed is because of the first home owners boost scheme. Its not a $8000 tax break like in the US, its a $14k for existing homes and $21k for new homes government cash rebate. In the cases where people are buying new homes from a property developer its an extra $3k on top.

That and the fact that there is concessional stamp duty taxation for properties under $600k

Expiration 30 Sept 09. gradually fading out at the end of the year.
  • #191,716
  • Edited 7:57am Aug 26, 2009 7:40am | Edited 7:57am
Quoting england33
my brother in law is a contractor in california that is in close contact with many of the main developers....

BC is out of recession and houses being snapped up over asking .. these are 600,000 cad for a 750 sqft 2 bed condo

talking to subtrade yesterday they are bidding at 15 year ago prices ( this has happened in 5 months here) and gewt 1 in 15 jobs at 0% mark up

this is very healthy for our housing market it would seem ......lol. ARE THESE PEOPLE ON CRACK ?
Blogging daily now at www.volume.zone
  • #191,717
  • Aug 26, 2009 7:42am Aug 26, 2009 7:42am
Quoting Eulogy
ok now i don't get it. Oil inventories was more than expected. by 1.7 million barrels more than expected. Crude spiked up

Oversupply = price increase
Dewey Dakin 54 year commodity cycle or Kondratieff 50 year. We're starting the upswing.
  • #191,718
  • Aug 26, 2009 7:45am Aug 26, 2009 7:45am
Quoting Fudomyo
I thought Colonial was a protected bankruptcy prior to the sale.

Was it a straight sale?
Not sure although with the FDIC involved these days it usually means Uncle Sam bails every fatcat out regardless. What i can say is that Colonial was under the bankruptcy gaze as early as March 2009. It was already clear back then that it could not function properly. Its amazing that it only took the FDIC 5 months to put their eyes back in their sockets.

In the meantime, even as BK calls were being made Colonial made a bold statement saying in July that they made a paper profit on their operations of $340,000 for the quarter.
  • #191,719
  • Aug 26, 2009 7:46am Aug 26, 2009 7:46am
Quoting Fudomyo
I hope things pick up for him. Apparently in California, they're buying land again for development (at least in Sacramento) so it seems to be picking up a bit.
Also they're starting construction on the headland next to my property in Oregon. 150 units, so it seems like there are stirrings.

I think most of the sales this month were already built but not sold. that's the difference. Construction is still way down.
oh that's good news for him. Sacramento is in his range. Most of the big developers go through him if not they go through people he knows but he is considered one of the best because he is faster and cleaner which saves them money. He is one of less than a handful of people in Cal that can do this and are equipped to do large jobs. I worked with him before when i was a kid and we would knock out 20 houses in a day. Large buildings take much longer but there's lots of money in them because they pay better because there's more footing. The problem with housing cycles is very long compared to 4yr cycles were used to seeing as techs but when they burst look out it effects everything. The process of deflating houses is a very long process.
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #191,720
  • Aug 26, 2009 7:50am Aug 26, 2009 7:50am
Quoting malcolmb14
BC is out of recession and houses being snapped up over asking .. these are 600,000 cad for a 750 sqft 2 bed condo

talking to subtrade yesterday they are bidding at 15 year ago prices ( this has happened in 5 months here) and gewt 1 in 15 jobs at 0% mark up
wow.. that's crazy. the condo i want only cost 1.2 m usd lol.. it makes sense the prices are at that level though going back 15y.
Before Forex I was tall, and clean shaven. Now I am an Ewok.
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