[Office rat]

Thank you, guy, for you care,

But I think we will manage.

[brownsfan019]

Originally Posted by Office rat »

Thank you, guy, for you care,

But I think we will manage.

I'm sure you will.

But for anyone else following along here, it should be clear that you said this would be weekly, re-confirmed that it would be weekly and then it hasn't been weekly.

So if you are posting for random fun, have at it.

But if you are posting w/ the intent of shilling a service later, it's already clear what we are dealing with here.

[Office rat]

I wish you were as successful in your trading as in monitoring what other people say on forums.

[brownsfan019]

Originally Posted by Office rat »

I wish you were as successful in your trading as in monitoring what other people say on forums.

I am! Come join us in the p/l thread and you will see for your very eyes.

Like I said, your weekly posts are anything but weekly. Do you disagree?

[Office rat]

Yes, I disagree cause these weeks we resemled the work.
Sure, this interruption was and other traders are clever enough to note that.

[brownsfan019]

Originally Posted by Office rat »

Yes, I disagree cause these weeks we resemled the work.
Sure, this interruption was and other traders are clever enough to note that.

Ok, well if in your book you have been posting weekly, then you have been posting weekly.

We may be using different calendars.

Back to your weekly posting then. See you next Monday or whatever date would be appropriate for a week for you. If you'd like to inform us dumb traders when your next weekly report will be, I will be on edge waiting for it. But apparently I am not clever enough to know when your weekly report will be. So help me out, when will the next weekly report appear?

[Office rat]

4-months of the fiscal half year EUR trend points at 1.33
General background of the second February week was not in favour of the Single European currency. Negative tone was aggravated by weak EU macroeconomic staticstics and Greece's financial problems. Still the most important factor was the decion of China's central bank to raise the reserve ratio for Chinese banks by 50 basis points, which was announced on Friday.
Results and Current Situation
The ending of the second February week was in fact the result of the four months of fiscal half year period as well as the first half of the first 2010 quarter. Since the beginning of the fiscal half year period in October EUR has lost 6,45% against USD by session closing on Friday. 4-month EUR/USD decline comprised 9 figures or 950 points. EUR has lost considerably against currencies dependant of raw materials exports such as AUD and CAD (9% and 9.2%). Technically EUR/USD is moving in a well formed downward trend towards the area of 1.33-1.3350, which can be reached by the end of the 1st quarter of 2010 .
As results of the last week's trade show, EUR is held back from sinking below 1.35 only by 1.3650 area (1.3612-1.3688). In the meanwhile the week's trade of USD against JPY goes around 0.90 without a clear deriction. This fact shows that it is EUR depreciation that plays the key role in the market and not USD growth.
EUR/GBP cross rate decline below 0.8750 helped GBP/USD stay above 1.5650. GBP exchange rates have settled in the comfortable area between the 1.55 and 1.60 levels within a range of 1.57-1.58. This proves once again that the value of EUR is deminishing.
The idea, that the USD is ready to grow, but not yet growing is proved by the fact that AUD/USD climbed from 0.8650 to 0.8870 by the end of trade Friday. Persistant relative USD weakness is also sertified by the fact that by the week's end USD/CAD has declined from 1.07 to 1.05 levels.
Expectations, Prognosis
Within the period from 15 to 19 February curreny market trends will be dominated by Japanese currency purchases for EUR, GBP and raw materials currencies and general
EUR weakness. Federal Reserve rate increase has not become an active factor so far, although it was mentioned in the report by thу FRS President Ben Bernanke. Market participants will be assessing oil market in the range of 71,50-73,50 (Brent oil) and the possibility of prices breaking outside of this range. Apart from that traders will be watching Dow Jones Index dynamics around 10000, within the range of 9850-10150.
Major currency pairs range:
EUR/USD – 1.3350-1.3769, decline
GBP/USD – 1.3350-1.3769, decline
USD/CHF – 1.0669-1.0931, growth
USD/JPY – 0.8931-0.9096, consilidation
AUD/USD – 0.8712-0.8931, consilidation with potential decline
USD/CAD – 1.0431-1.0688, consilidation with potential growth
Brent – 71. 50-73.88, consilidation, potential decline

[Office rat]

Time has come for EUR longs profit taking
Financial crisis’ aftermath as well as credit problems of Greece, Portugal and Spain retain their negative influence over EUR to certain extent. This background doesn't let analysts and regular currency market participants to cast off their worries concerning further decline of EUR in the near future. Stock market and raw materials market bubbles are the major threat.
Results and Current Situation
Last week's results have not changed the tendency for EUR depreciation and by the time of session closing Friday February 19th. EUR/USD reached 1,3609. From year start EUR has lost 5,09% against USD.
The major indicator of USD growth last week was USD/JJPY surpassing 0,9150. By the end of the week's trade USD/JPY advanced from 0,8935 and closed at 0,9160. USD gained 2,57% against JPY for the period. USD strengthening in its added to further GBP decline, GBP/USD closed at 1,5470. From year start GBP has lost 6,06% against USD.
Depreciation of EUR, GBP and JPY served as a catalyst for AUD, NZD and CAD growth, all three currencies are dependant on raw materials export. For the week AUD/USD has grown up to 0,8987 and USD/CAD closed at 1, 0391. That is the high levels of "raw materials currencies’" trade, that raises fear for bubbles on the raw materials market. From the start of the year CAD has grown 0,47%, which entailed oil getting more expensive. March North Sea blend Brent crude oil has finished the week at the level, where the year's trade began - 78,45.
Expectations, Prognosis
For the last February week chances are high for USD buying volumes to grow against EUR, GBP and JPY. One of the factors working for USD strengthening is the start of profit taking cycle on EUR long positions; another one is USD buying volume increase. We can also expect profit taking on raw materials market, oil decline and AUD, NZD and CAD downward correction.
Major currency pairs range:
EUR/USD – 1,3350-1,3669, decline
GBP/USD – 1,3350-1,3669, decline
USD/CHF – 1,0688-1,0988, growth
USD/JPY – 0,9112-0,9288, growth
AUD/USD – 0,9031-0,8788, consolidation with decline
USD/CAD – 1,0369-1,0588, consolidation, growth
Brent – 79,31-75,12, decline