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Strategies & Market Trends : January Effect 2003 -- Ignore unavailable to you. Want to Upgrade?

To: Londo who wrote (460)	5/8/2003 5:27:32 AM
From: RockyBalboa	Read Replies (1) \| Respond to of 666

Weak FTSE Waits for Rate News Thursday May 8, 4:43 am ET By Keiron Henderson LONDON (Reuters) - Britain's FTSE 100 index backed further away from the year's high on Thursday, waiting for decisions on interest rates from the Bank of England and the European Central Bank at 7 a.m. EDT and 7:45 a.m. EDT. ----------------------- The heat is on - the pound which got a pounding yday is gearning up and shall cross 1.60 by noon here (I hope...). If not, well, then there is still the nasdaq to pound. One dealer said, he things the BoE will not cut the rates and the ECB will do 50 bps, lol. If that happens then the EUR and pound will trade upside down,.... The official plan calls for no cut at the ECB and -25 at the boe.

To: Londo who wrote (460)	5/8/2003 6:19:33 AM
From: RockyBalboa	Respond to of 666

I think its a good thing to disperse a bit if things get too intense, or tend to go out of hand. I'm almost finished, too. Summer season is approaching any by then, I need a break. I have never made any good money in the summer lull (and last year I was not actively doing anything at all), so why waste time then. The project Treasury selling needs postponement until October as well, as it won't do much in Summer times and I found it often that the bonds weaken going into November. Right now I try to bring in some hay, as there is considerable money in the game, still, but by June expiry latest the break until October begins.

To: Londo who wrote (460)	5/11/2003 10:41:14 AM
From: RockyBalboa	Read Replies (1) \| Respond to of 666

The Strong Dollar or the New New New Thing Ugh, haven't we heard that early Dec? Then the dollar never looked back and lost 15%. I think, I know what happens next - the new targets are JPY/USD 100, JPY/EUR 150, CHF/USD 1.00. See below: ---------------> Reuters Snow Says U.S. Committed to Strong Dollar Sunday May 11, 9:29 am ET WASHINGTON (Reuters) - Treasury Secretary John Snow said on Sunday the United States was committed to a strong dollar and President Bush's tax package was key to strengthening it. Appearing on the "Fox News Sunday" program to press the president's case for a tax cut package of at least $550 billion, Snow said, "We believe in a strong dollar." He said the value of the dollar would be set by competitive markets. "The important thing to keep in mind is that the dollar's value gets set in competitive exchange rates. There is a market for the dollar," Snow said. "And the best thing we can do to have a strong dollar is to see that the fundamentals of the American economy are strong. And that's why we come back to the president's jobs and growth plan."