OUCH, this is gonna be ugly.

Cable Update (GBPUSD)

I know they don't charge commissions, but what about spreads and daily interest accruals? Here's what their site says about the latter: Credit: Fed Funds - 1.90%* Debit: Fed Funds + 5.45%** * Interest paid on daily average balances over $500. ...

thinkorswim, any thoughts...

$3.0 is your target? I see that you are prepared to live a long life.

Cable Update (GBPUSD)

I doubt a rate hike will directly affect oil simply because it does nothing to the fundamentals behind oil price movements. Metals are a different matter, although I don't really see gold coming down below $840-850, rate change or not. As far as a ...

EURUSD

See - you ridiculed me for being skeptical about it reaching 1.70, and in the meantime I've made over 100 pips riding it short. And what did I tell you? The IFO data was bad. More to the point - it confirmed the slowing trend of the economy in the ...

EURUSD

Sure 1.7 is not unthinkable, I just think you'd have to wait for a quite a while to get there. Do me a favor and plot the price of oil over the last two years in Euros. Notice a trend here? So no, it costs Europeans increasingly more to buy their ...

EURUSD

With all due respect to charts, european exporters will not (and cannot) tolerate the EUR @ $1.7

EURUSD

Still, I disagree with the 1.7 forecast on the EUR interest rate raise. That high a level is not in the ECB's interest, nor is the 0.25 bp hike alone sufficient to make such a runup possible. Trichet would have to abandon all reason completely and ...

EURUSD

What does the UK interest rate have to do with this pair? Last I checked GB and EU had different currencies...

EURUSD

Good job, vaio - looks like that fib is proving too strong, indeed. At least for now, anyway. As for Trichet... well, just put a bracket in once you're up 30 pips.

EURUSD

Long just before the news if it comes down another 30-40 pips seems like a good idea.

Cable Update (GBPUSD)

What could possibly stop cable from going down another 100 pips before the news? Perhaps the market is pricing in incredible retail sales numbers... this is utterly ridiculous.

Cable Update (GBPUSD)

I would short the USD today, except for maybe against JPY or CAD. Either EUR or GBP should work well since they've taken quite a pounding in the last 48 hours on no changes to fundamentals.

Cable Update (GBPUSD)

His retirement funds are measured in barrels, not dollars. Nonetheless, cable looks quite oversold on a 1H chart.

Cable Update (GBPUSD)

Does anyone have a schedule of Bush's "speeches" as this chimp is being shown around Europe? I don't see any reason for the drop of this magnitude today besides him repeating that he wants a strong dollar... all the UK data came in with a positive ...

Cable Update (GBPUSD)

Maybe. Consider this though. The volume in June gold futures today so far is just over 1K - that's 1000 trades. This is extraordinarily low compared to FX, for instance. A sudden drop in the spot price could have triggered an avalanche of stops in ...

EURUSD

Not an error - that's the actual chart from CBOT (that's for gold futures though - not spot). There were also trades around $843... lucky bastards.

EURUSD

It totally did: url

EURUSD

Did I see this right? Gold just briefly touched $850!!!

EURUSD

Here's to hoping for oil to dip under $125 before NY open; I've got some money riding on airline stocks! Regardless though, the descent in energy prices has started, so it's just a matter of time now before I say "Ka-ching!" Sorry for ...

EURUSD