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Lately the numbers mean very little and not much comes out next week. For next week: G20 statement on Sunday the 21st at 12pm GMT (UTC) For the EU #'s the IFO is the most important, German GDP would be worth keeping an eye on but it's a Final reading so it will be ignored unless it's a...

G20 Communique is due on Nov 21 at 12:00 GMT although if anything important gets done it will probably leak a day earlier. Have a great weekend everyone, TRADERguy

China Central banker: Prepared to talk on FX rates at G20. 11:54AM China Central banker: monetary policy separate from FX. From Dow Jones newswire I think this is going to keep me out of the market this weekend. I was thinking of carrying a small long Eur/USD position looking for a...

Anyone else's trigger finger hurting? :) :eek: :) Anyone know if if uncle Alan is done and who is next? ....I miss having Bloomberg Pro. :( A guy on Bloomberg TV is talking about the banker conference in the past tense...Is it over?

Anyone know when Trichet and Iwata (BOJ) are speaking? It's in Frankfurt where Greenspan spoke but all the calendars say 8:30 eastern for all three.

JYAZ4 --CME futures (if that doesn't work try JYZ4) CEUSDJPY --EBS cash

I don't think that they will intervene this week, right before the G20 meeting. The last G7 statement referred to letting the market set exchange rates (aimed at China) and it would be too much of an in your face move. I think much of the action on the Euro today was position squaring to be...

There actually seems to be a mathematical reason for the wide spreads in the crosses. I came across this yesterday and although I haven't put in the effort to fully understand the math it comes from a reliable source. Check out the 4th post from the top...

I spotted this and thought it would be of interest. A few months ago it was $1.5 Billion. http://www.fxstreet.com/nou/content/110070/content.asp?menu=macro "As the US Current Account Deficit approaches -$700 Billion while the Federal Budget Deficit exceeds -$400 Billion, global investors...

Some will say yes and some will say no. Personally I don't think so. I think that Europe before the introduction of the single currency was different enough that you can't really compare the two. Also technicals rely in part on people remembering old levels and no one is going to remember a...

Well, John Snow's new strong dollar tactic seems to be to try to put traders to sleep...could a speech possibly be more boring?

Normally, higher core CPI would be USD bullish: higher inflation means quicker and more Fed interest rate increases, which means more of an interest rate differential between the US and the EU, which attracts more capital to US denominated assets and moves the current account closer to zero...

True, but those involved would have to buy or sell huge amounts in order to influence the market price, so it has me confused. :confused:

Thanks. :) Is anyone else having a problem with the $ amount of these options, as mentioned in the attachment and Thompson, keeping the market in check? In the attachment they are talking about $225mn. I thought that many times this figure was traded on a daily basis in EUR/USD spot. I'm...

Gringinho, I haven't kept up with developments in the last few years in the currency options markets. Do you know which is the biggest market? Long ago it was the Philadelphia Exchange but is it CME now? Are these options your talking about American style (can be exercised at any time) or...

What did the Austrian minister say and when did he say it? I briefly saw the 8:45 headline on Bloomberg TV and it was something about how inflation was moderate, or was going to continue to be under control, or something to that effect.

Boy it's nice when these work out. Now if I can only add to it instead of giving it back like yesterday. :)

Well, like an idiot I'm trading at this hour. Only medium leverage, I went long at 1.2930 (spot) with a stop at 18 and now I'm in between. Anyhow, the target is 64 and it's a fire and forget trade so I can watch some TV and get some sleep. Cheers, TRADERguy

It's a very good strategy as long as you can time it right and get more price improvement than missed tics (when you get out and it continues going your way). Cheers, TRADERguy

Same for me except I worked the long side. A bunch of trades later I've given back my profits and feel relieved to be at break even. Hopefully we will have a better day tomorrow and PPI will be kind to both of us. :) Cheers, TRADERguy