Eurozone CPI data will be coming out in a couple of hours. I would sure think the data will indicate high inflation, which will strengthen the case of the ECB raising interest rate next month. That should move up euro a lot. What do you think?

Malaysia

url The rejection of Lisbon Referendum might have been priced in already since it was leaked early. G8 seems to have made more concrete commitment about what they will do about the high oil and commodity prices. They are certainly not expressing ...

Malaysia

Are you trying to talk euro up or really going short?

EURUSD

Now we will see what happens to US CPI later. If it's green, it will definitely fuel the rate interest speculation, sending USD through the roof. EURUSD will take another beating.

EURUSD

You still hanging on to your long?

EURUSD

I believe strong resistence at 1.5385. Bounced off it several times now. If it can close below that level, euro will dive. Not confirmed yet though for now.

EURUSD

Do you have your sl at 1.9 so you can sleep in peace?

Cable Update (GBPUSD)

OK sleep right in front of the monitor. What's your phone number? We will call you and wake you up if we deem necessary.

Cable Update (GBPUSD)

Regarding all these questions, your guess is just as good as anybody's. But I will share with you what I think. Please keep in mind, I am nowhere near being experienced. I would say I am much like you, just new and learning. CPI for Europe or US is ...

EURUSD

What time is it over where you are? You can't turn in just yet. Stick around and watch.

Cable Update (GBPUSD)

I wouldn't go short just yet. Need to wait for confirmation. Besides news will be out later regarding the Lisbon Referendum. If the result is positive, euro will go up for a while.

EURUSD

No NAV. This time it's going down because I am long. I think I am just as good an indicator as you.

Cable Update (GBPUSD)

Please tell me the reason why you are not worried. I am looking at the chart and it seems shaky.

Cable Update (GBPUSD)

Sham, Are you still holding your cable short? How does it look?

Malaysia

Moe, are you sure about this? It's been soooo slow I am about to give up.

Cable Update (GBPUSD)

I am not ready to believe 100% that the oil price is due to demand and supply. I know many people with high credentials have said it is. But there are so many geopolitical/social factors playing together, many of which people like you and I don't ...

EURUSD

Oil prices are pegged in dollar. If G8 will do something about the high oil prices, and the commodities prices, I just don't see how it won't affect the currencies. You can choose to ignore G8 and just continue to follow the chart if you want.

EURUSD

Friday the 13th.

Malaysia

Everybody knows oil has a direct relationship with forex. Besides Henry Paulson is reportedly going to say something about strong dollar policy again. If G8 rejects what he says, or does nothing, $ will tank. Otherwise, it will shoot up.

EURUSD

I wouldn't bet on either way. The Lisbon Referendum result and G8 meeting will bring huge movements either way. It's a volcano waiting to explode. But which way is anyone's guess.

EURUSD