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dalgi dalgi dori i da slezem oste ne vizdam kak ste slezem pod 1.1860 a dori i taka ste e mnogo za kratko vreme e za korekciika nagore aide na severnia vlak kolegi cestito na vsicki specelili
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intrad
еur/usd
i az mislia che idva vreme za udyljavane, no ne vednaga...v 21.00 nashe vreme e reporta na Treasury Department
za US "budget deficit" which may show that widened to $70 billion in March from $58.9 billion a year earlier..
koeto moje da ohladi malko strastite
Страшничко ми си вижда за дълги 777. - ПРи изход от консолидация да играиш срещу тълпата не е много
здравословно. Аз лично очаквам разпродажба на евра тази и другата седмица и след това евентуално бързо връщане нагоре
Това разбира се е просто чувство НО И ТО ВЛИЗА В ИГРАТА )))
As foe Iraq, I learned something interesting about this latest round of kidnappings. Many are not for political reasons, they are just for getting money from ransoms. In other words it is just plain old fashioned lawlessness. I’m not sure what we do with this, but I continue to sense that the markets are soon going to start to view Iraq as unpleasant background noise and little else.
The Bank of Canada’s Monetary Policy decision is due shortly at 13:00 GMT. The Bank of Canada targets its own measure of core inflation at the mid-point of a 1-3% range. Bank of Canada February Core CPI was a meager 1.1% yr/yr, and March employment fell unexpectedly by 13,300. The markets have fully priced in a 25bp fall in the target rate for overnight funds to 2.00%. Any reaction will come only from what is implied for policy subsequently. I think another cut will have to be considered.
March U.S. Retail Sales data are key today because they tie in directly with the relative growth scenario of the markets. Increases of 0.6% are seen in the headline and Ex-autos figures. I also see a linkage with the March U.S. CPI figure on Wednesday. Watch the “core” rate. A spike in this figure would be hard for the Fed to explain away. Once inflation gets imbedded in the system, it can become very difficult to root out. This figure must be viewed in the context of future monthly job reports. The Fed cannot continue to pursue its ultra-easy monetary policy indefinitely. At some point it will be forced to return to a neutral policy posture, and odds are when the time is right that this could be an abrupt adjustment. Fed Funds futures see a Fed rate hike in September. I think that timing is impossible.
CALENDAR
TUESDAY, APRIL 13, 2004
12:30 GMT- US- Mar Retail Sales: vs. +0.6%, +0.0% ex-autos Feb, see +0.6%, +0.6%
13:00 GMT- CDA- BOC Monetary Policy Announcement
14:00 GMT- US- Feb Business Inventories and Sales
18:00 GMT- US- March Treasury deficit
WEDNESDAY, APRIL 14, 2004
JPN- Minutes of 2/26 & 3/15-3/16 BOJ Meeting
RBA Governor Macfarlane speaks in Sydney
06:50 GMT- FRA- Mar preliminary CPI: vs. +0.5%, +1.8% y/y in Feb
14:30 GMT- CDA- Feb Trade, vs. +C$5.2 bln
11:00 GMT- US- MBA Mortgage Finance Index
12:30 GMT- US- Mar CPI: vs. +0.3%, +0.2% ex-food & energy, see +0.3%, +0.1% ex-food & energy
12:30 GMT- US- Feb Trade vs. -$43.1 bln in Jan, see - $42.5 bln
13:30 GMT- US- API/DOE Weekly Energy Inventories
THURSDAY APRIL 15, 2004
23:50 GMT- JPN- Weekly Portfolio Flows
RBA- Monthly Bulletin
12:30 GMT- US- Weekly Jobless Claims
12:30 GMT- US- Apr Empire State manufacturing Index: vs. 25.3 in Mar
16:00 GMT- US- Apr Philadelphia Fed Survey: vs. 24.2 in Mar
14:30 GMT- CDA- BOC Monetary Policy Report
FRIDAY, APRIL 16, 2004
04:30 GMT- JPN- Feb Industrial Output (rev), vs. +3.3%
08:30 GMT- UK- Mar Unemployment: vs. -6,600 in Feb
09:00 GMT- EUR- Mar final CPI: vs. preliminary +1.6% y/y
12:30 GMT- US- Mar Housing Starts: vs. 1.855 mln in Feb, see 1.910 mln
13:15 GMT- US- Mar Industrial Production: vs. +0.7% in Feb, see +0.2%
13:15 GMT- US- Mar Capacity Utilization: vs. 76.6% in Feb, see 76.6%
13:45 GMT- US- Early-Apr Univ of Michigan Cons Sent: vs. 95.8 Mar, see 95.5
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Da
gbp/chf
STRATEGY SESSION --New York Open
Opening Levels:
eur/$ 1.1975…$/yen 106.00
DJIA +20 pts… 10-yr 4.25%, +2 bp
These are complex markets. I feel that traders are more comfortable with the dollar in a bull or bear market, but don’t know how to handle something in-between. That is where we are now. Furthermore, a strong yen and a weak euro is hard to deal with.
The Japanese economy continues to emerge from a decade-long recession (actually even longer!), and today BOJ Governor Fukui in testimony pledged to support the economy with a accommodative monetary policy in essence for as long as it takes to wring deflation out of the system. His posture sounded similar to the “patience” line we have been hearing from the Fed. The $/yen backed away from a test of the 105 line today. I am not sure why, but I sense this zone will be revisited fairly soon. Note the Nikkei is back making multi year highs again today. Watch Japanese stocks, they will tell you where the yen is headed.
To the markets, Europe appears leaderless and headed into a new period of stagnation. Structural issues are always there and the ECB hawks appear more concerned about inflation than growth. I think the benefits of the high euro vis-a-vis imported inflation, which are considerable, are more than offset by its drag on growth. Europe needs to grow. Thus the eur/$ is pivoting the psychological 1.20 level.
In our month ahead outlook last week, I said I felt the eur/$ is headed to a 1.15-1.20 trading range and that the $/en is on track for 103-108, and I feel these forecasts can pan out, but as I stated earlier, it is difficult for the dollar to trade in opposite directions vs. the euro and yen.
kakvo ne mu haresvat nqkoi na dalgiq gbp/chf ne mi e mnogo qsno no vseki ima pravo na poziciq za kasite i za dalgite si ima stopove i t.p. moq t.p za dnes e 2.3686 za polovinata poziciq a drugite da si stoqt za 2.3743. priqten den. buy eur/usd 1.191 /if seen/ stop 1.185 t.p. 1.21, next 1.2376
Първо да пробие 1.1980 (фибо 61.8 от 1.1375/1.2930) пък тогава го чакайте на 1.1930. Аз лично смятам, че днес няма да има ново дъно най-много да обере малко стопове.
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