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

I am anxious to see reaction of Japan market.
Probably it would be nice gap down below 10800pt on Nikki
Then what ?

Below is JPY index weekly chart 340 level should be interesting level to watch.

or like me,,waiting 28 days for this breakout,when it finally break,,i closed my position..

thats pure nooob

... this literally made me laugh and I appreciate it, I've needed one!

،،،symmetry crown

gbp,jpy m15

I am afraid this wont drop so low...

My prediction for target of UC been 1.5 and nothing has changed

The monthly hammer/morning star ? looks pretty nice especially on 76.4% level.
Patience is key to success and calm retirement.

yip ive seen the monthly,,, and ive seen the untested supp 0.218 that we might test soon,or this month or next month,,and thats also the high of that middle candle of morning star ..lets ,,

Bearish seem to be ended at 141.37 even if the price will go lower will be back again to 141.37, now most important is trend and channel to watch as on attached pic price will keep bouncing at these trends

hi,

I guess UC seem to be started a bearish journey, maybe next week get to 1.5

Are u more insane than I am mate ?
1.5 is journey for 6-12 months .
Check my previous post in my "div strategy" thread.

oh sorry bro I thought it was about short term trading
I will try to get look on your post soon.

Pretty quiet in here, but I just stumbled upon this article. I wonder if this will ignite any interest come tomorrow:



Freddie Mac asks U.S. for $10 billion as losses pile up

By Jia Lynn Yang
Washington Post Staff Writer
Thursday, May 6, 2010


Freddie Mac, the bailed-out mortgage-finance giant, reported Wednesday that it continues to lose money and needs an additional $10.6 billion in assistance from U.S. taxpayers.

The most recent earnings report follows three straight quarters in which the McLean-based company did not need infusions from the Treasury. Still, the firm is struggling to recover from the mortgage-market meltdown; it reported a net loss of $6.7 billion in the first quarter of 2010, compared with a loss of $9.9 billion a year ago.

Freddie Mac is turning to the Treasury again mostly because of a change in accounting. Revised rules that took effect this year require companies such as Freddie to move all mortgages they guarantee -- but don't own -- onto their books. This shift alone caused the company's equity to drop by $11.7 billion, helping to plunge its net worth into the red.

Under the terms of Freddie's September 2008 bailout, taxpayers make up the shortfall in any quarter when the firm's net worth is negative. The accounting change, along with the firm's loss and a $1.3 billion dividend payment to the Treasury, pushed Freddie's net worth to a negative $10.5 billion, down from a positive $4.4 billion last year.

Freddie's quarterly report triggered renewed calls from some lawmakers to reform the company and its larger sister, District-based Fannie Mae. These government-sponsored enterprises, or GSEs, contributed to the financial crisis but are not addressed in the regulatory overhaul legislation now before the Senate.

"Without real GSE reform, the bailout of Fannie and Freddie will not stop, taxpayers will be forced to continue to dump hundreds of billions of dollars into the companies, and Fannie and Freddie will continue business as usual," said Rep. Spencer Bachus (Ala.), ranking Republican on the House Financial Services Committee, in a statement released after Freddie's earnings. Obama administration officials have said reform on that issue is more likely to come next year.

Even though the accounting change explains most of the company's negative net worth, Freddie is still a long way from independence, and a new infusion of Treasury funds could put the company deeper in the hole.
"It's significant because it does draw from the taxpayer, and the more taxpayer funds in Fannie and Freddie, the harder it will be ultimately to bring them out of conservatorship," said Karen Shaw Petrou, managing partner of Federal Financial Analytics, a research firm in Washington.

Since taking over Freddie, the government has provided $50.7 billion in help to the company. This new request for funds from the Federal Housing Finance Agency, which regulates Freddie and Fannie, would push that total to $61.3 billion.

The Congressional Budget Office estimates that the total drain on taxpayers from bailing out Freddie Mac and Fannie Mae will be $389 billion through 2019.

In its report, Freddie acknowledges "significant uncertainty" as to whether it will ever wean itself off government support.

Much depends on whether the housing market can make a full recovery and on the performance of the government's loan-modification programs. "We're basically bumping along at the bottom and it'll take some time for things to settle down," said Mahesh Swaminathan, a senior mortgage analyst at Credit Suisse.


http://www.washingtonpost.com/wp-dyn...050505227.html

From forexlive.

http://www.telegraph.co.uk/finance/n...e-delayed.html

The Prudential takeover of AIG’s Asian business could also be in jeopardy. If it falls through it could lead to a lot of cable buying as there have been hedges placed already according to my information.

Let's se if this comes to pass this week.....

LOL. awaiting a similar announcement from FNM any day now.

Exactly... every mess needs its catalyst (i.e. the EU and Greece)

I drew this flag earlier tonight and if valid it's now broken. Lets see if we retest the lower trend line...

I really wouldn't be surprised if they sneak such news in the aftermaths of the "expected" great NFP number tomorrow

Greece is just a firestarter wait for more from iberia and albion islands

so noisy trading area and seem to be hard for breaking down more.

go long from here tp=144-145
maybe even today
from there you should short

Bouncing level on daily @ 141.37 can be turned in strong support or res depends on where is today close.