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OK Ben, whatever you say. Quit picking your nose too.

What? Are you serious? Rates are 4%. The Euro is doing well because the region is growing steadily while the central bank maintains a healthy paranoia about inflation.

thanks for the link - great viewing.

great site, thanks for the link, too bad all it does is reaffirm that the Fed have lost any link with reality! Surely those M3 numbers are absolutely horrific..?

so true, and how to actually understand credit cards, loans etc.

Just thinking about this, I mean the Chinese aren't that stupid, surely they're just openly threatening Ben not to get any ideas about cutting again soon (or they'll start liquidating). That should really strengthen the dollar, for a while anyway, but would rattle the equity markets pretty hard.

I was long AUD/USD for the interest rate announcement down there, lucked out on this move. Wonder what the longer term affects of Chinese diversifying would be on the Ozzy..?

true James, true. And Daddy why were you long USD? Thought it was oversold?

yep, and they've shown no interest in combating inflation which must be pissing of the Chinese too. Entirely predictable but a disaster for the Fed, they should never have cut last week. Gisele in for Bernanke I say.

I don't know James, I think the Yen would be rocketing if that was in the pipeline...but it's fairly stable...

oh right, cheers bud. why would you open your mouth and say that.... not the smartest move!

so no news then, just a major shunt on..?

1.4662 putting up a fight, haven't seen this kind of instant sell off since last thanksgiving night...

um what the hell just happened the dollar, I was watching my screens, thought I'd squeeze in a quick game of Halo 3, then all my alarms started going off at once... can't find any news?

Really, how so? My own FA would indicate that 1.50 EUR/USD is a distinct possibility. Certainly more likely than 1.00 over the next two years.

thought he was fairly negative myself - "definitely heading to recession based on huge foreclosure rate.........."

larger during high volatility - news etc. just look at currencies - spread can go insane before a report/rate decision... so often in the mornings there are fatter spreads as a direction unfolds BUT there is generally an increase in volume which can reduce the spread... All in my experience.

IBKR is something like 80% privately held - wouldn't be holding my breath for a takeover, the current chief was also founder I believe. YHOO - perhaps, but I think it will fall further before the takeover happens.

actually most of the Yen pairs initially fell hard - the CAD/YEN was down more than the USD/YEN ... but looking now they all seem to have held flat or bounced later in the day - so hopefully you're right Ivanovich and the continued Yen strength is solely with regard to the dollar... That...

personally think that the crucial piece of data could be the carry-trade which sprung a fat leak today - though nobody seems to be talking about it... If USD/JPY keeps sliding like this (the biggest down day since 2/27) then there could be a really nasty snap on the markets tomorrow...