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

Where can I get FTSE online?

I get the feed from my broker but you can also get it from a number of sources, like here http://www.livecharts.co.uk/MarketCharts/futsee.php

Another option will be to register (free) with Ladbrokers or Bet365.com and have live quotes from them (it is for spread betting purposes).

There are a few other sources.... Anyone else on this?

Regards
Nectarios

Thanks.

In times of global market stress and risk aversion, investors forget Japan's domestic woes and rush to the safety of the yen. However, when the risk tide turns, or even just ebbs a little, that same market throws caution to the wind, takes a hard look at just why it bought the low yielding yen in the first place, and starts to offload it. Now may just be that time. Lets start with risk appetite.
The sharp recovery seen in global equity markets last week and the improvement in market risk sentiment kept dollar/yen well supported into the long U.S. weekend. The gains seen in euro/yen were even more impressive with the cross recovering some 5% from last Tuesday's fresh 8 1/2 year low of Y108.83. That move likely pleased Japan's Finance Minister Naoto Kan who had said only a week ago that while currency levels should be set by the markets, excessive yen rises are undesirable. Central bank speak for we are not happy with a stronger yen. True, a three cent recovery in euro/dollar helped, as did a sharp recovery in the Australian dollar's fortunes that helped aussie/yen pick itself off a fresh 10-month low and trade back at Y78.00 by Friday for a 10% recovery. Now lets take at look at domestic issues.
Last Friday's data run quashed any ideas of a home-grown improvement. Unemployment was higher than expected with joblessness rising 0.1% to 5.1%, household spending unexpectedly dropped by 0.7% year on year in April against an expected 2.5% increase and deflation was more deeply entrenched with core inflation falling 1.5%. Jane Foley at FOREX.com said the data would likely increase the pressure on the Bank of Japan to further stimulate the economy. Foley said while aggressive yen shorts are unlikely to be built in view of doubts surrounding debt in Europe, the current more settled conditions may push dollar/yen up to its recent range highs and also encourage aussie/yen and canadian dollar/yen to trade higher. The currency strategy team at Brown Brothers Harriman also picks up on interest rates and Europe's woes. The bank says when the European crisis flared, the yen's correlation with equity prices increased while the correlation with interest rate differentials seemed to slacken. However, as the panic starts to ebb, rate differentials are likely to become a more important driver once again and the bank says it would not be surprised to see dollar/yen up in the Y92.00-92.50 area in coming day's. BNP Paribas notes that the G20 meeting which takes place in Toronto, Canada between June 26-27th will discuss Europe's fiscal problems and financial regulations, according that is, to Japan's finance minister Kan. This, says the bank, indicates that the Japanese government does not like the euro trading down near Y110.00. Both UK and U.S. markets return from a long weekend to find the euro once again under pressure. Late Friday, rating agency Fitch cut Spain's rating by one notch to AA+ and the European Central Bank's semiannual Financial Stability Review made grim reading saying that euro-zone bank's could face write-downs close to EUR200B by the end of 2011. However, once again the yen failed to capitalize on the single currency's woes with political uncertainty likely playing a part. Japan's Prime Minister Yukio Hatoyama is under pressure to resign as his approval ratings slump ahead of next month's upper house elections. Around 0650GMT, the dollar fetches Y91.20, up slightly from Y91.10 seen in late Toronto trade Monday.
The euro is just a little weaker at $1.2260 from $1.2269 while the pound is unchanged at $1.4518.
Bloomberg

There is a very mean candle on the 4H chart.

I'm short GBP/JPY (some shorts have been left open from last week) with target 130.10

Regards
Nectarios

Not much activity in this thread huh? where is all the people? The market stay quiet as well..

No reason to be back yet. Markets will start heating back up with the start of the US session and it'll probably get more active in here then.

I added some shorts just now at 131.45 and am looking for a target of 129.00 or so. I may entertain longs after unloading there but it's too early to tell right now.

I have the same price in shorts and same target as you

Well, my average is 132.22 now which is probably why I wasn't too picky about where I just added (probably should have waited a bit) but yes, target seems achievable perhaps even today.

took short on cable now let see

any news on this sharp up move?

I hope this move will finally make it to 135. It's carrying a lot of momentum. Uptrend to 141 is in full swing. I'm buying any dip all the way up.

I think I just made a bad short... @132.27 [email protected] [email protected]

and gj as well SL for both 100 pips - TP open

see ya later

i took short at the highest point of today so far.
yesterday it was working well at that resistance levels. 132.8 was holding several times but it looks like today it is determined to go higher

obv.. 135.90/137.40

gbp/usd 1.4720

SL hit...

Safe Long over 133.20?

nope..in no trade zone..ress all over from 133.50 upto 137..

wait for reversal signs !!

gbp/usd better option to sell at 1.4720

ignore the noise.

133 level is important for daily.
doesn't act like a downtrend. more like a range.
So if you don't trade the range. wait.
the Beast will just take your money if your in and out with tight Sl.