Heads up: IMF + World Bank meeting in Signapore | Forex Factory

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Heads up: IMF + World Bank meeting in Signapore

  • #1
  • First Post: Edited 2:30am Sep 11, 2006 1:49am | Edited 2:30am
There will be an IMF + World Bank meeting to be held in Singapore this Wednesday.

I do not know what the discussion will be about but if they ever hinted anything about currency strengths, we may see another huge rally similar to what happened to JPY last week when G7 hinted about discussing it.
  • #2
  • Sep 11, 2006 6:23pm Sep 11, 2006 6:23pm
Hello BK,
You have a link toa an article or report on this
Profit is where readiness meets Opportunity
  • #3
  • Sep 11, 2006 6:58pm Sep 11, 2006 6:58pm
CNBC will be covering this event. No details on how they will cover it. Will they air the discussions? or just do one-on-one interviews?

I bet there are other expert news traders in here to give us a clue.
  • #4
  • Sep 11, 2006 10:04pm Sep 11, 2006 10:04pm
I've checked this site http://www.imf.org/external/am/2006/schedule.htm

Is the meeting scheduled for this Wednesday or the 20th?
  • #5
  • Sep 11, 2006 11:53pm Sep 11, 2006 11:53pm
I'm helping out for this event in Singapore =) This thing is major over here, we have roads blocked up and entire shopping centers sealed up just for this event. Cooool
  • #6
  • Sep 15, 2006 12:11pm Sep 15, 2006 12:11pm
I was wondering if someone is opening some trades just for this event.

Can someone tell me more on the impact this meeting had in the past and what it could do this weekend.

I've heard some people speculate that the Yen could gain massively after this weekend. Do you think such correction is going to happen and if so will the movement be priced in at the start of the new forex week Sunday night?

Any information would be appreciated and thanks in advance!

Have a nice weekend everyone!
  • #7
  • Sep 15, 2006 3:33pm Sep 15, 2006 3:33pm
Quoting ZedHashPip
I was wondering if someone is opening some trades just for this event.

Can someone tell me more on the impact this meeting had in the past and what it could do this weekend.

I've heard some people speculate that the Yen could gain massively after this weekend. Do you think such correction is going to happen and if so will the movement be priced in at the start of the new forex week Sunday night?

Any information would be appreciated and thanks in advance!

Have a nice weekend everyone!

barcalys survey show most traders do not think there will be a signifiactn change in currencies. US will not say anything that will jeopordise their meeting with china in the following days. The impact is unlikley to be like that of the prev meeting but if there is a move, it is more likley to be of yen weakness than that of strength. You want a quick easy trade? Make sure you read the statemtn when it gets released. Oanda accept trades over the weekend and only update their prices ~7pm .... need I say more
  • #8
  • Sep 15, 2006 4:11pm Sep 15, 2006 4:11pm
Quoting sccz97
barcalys survey show most traders do not think there will be a signifiactn change in currencies. US will not say anything that will jeopordise their meeting with china in the following days. The impact is unlikley to be like that of the prev meeting but if there is a move, it is more likley to be of yen weakness than that of strength. You want a quick easy trade? Make sure you read the statemtn when it gets released. Oanda accept trades over the weekend and only update their prices ~7pm .... need I say more
Thanks for your input. I'll be sure to follow the comments made closely and act accordingly.

I did some research and found out that at the last meeting in Washington in April the Yen rallied for a while. But it lost all gains it made soon after. It was just a temporary correction.

I shorted USD/JPY at 117.95. It'll be interesting to see how this works out.

I think I should have also shorted EUR/JPY. EU seems very concerned with Yen weakness and is pushing for corrections. The EUR/JPY went from 90 to 150 since 2001 which hurts European exports. Anyway we'll see what happens.

Good luck trading everyone and have a nice weekend!
  • #9
  • Last Post: Sep 17, 2006 4:36pm Sep 17, 2006 4:36pm
I closed my USD/JPY short at 117.36 for a 59 pip gain.

Like I predicted Friday the EUR/JPY would have been a better choice to short over the weekend. Well I learned my lesson for next time.

I'm looking to short EUR/JPY after the retrace that's been going on for a little while.

Does anyone think GBP/JPY will be affected by a potential drop of EUR/JPY. I really hope to see the Yen gain strength over the next couple of days.

It looks like USD/JPY and GBP/JPY almost recovered from the losses incured over the weekend...
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