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

To: Londo who wrote (502)	6/1/2003 4:12:20 PM
From: RockyBalboa	Respond to of 666

Yen, uh, I do own some, vs USD. The position has already seen better times, but it is still small, compared to the usual EUR exposure. The EUR cash chart looks scary: a double gap with a small mark at 1.1750 then sort of bottom trading at 1710/1715 but it improves. This 1.1700/1710 area is an important near term support area. ... the next ones would be 1610 and then around 1400

To: Londo who wrote (502)	6/1/2003 6:55:16 PM
From: RockyBalboa	Read Replies (2) \| Respond to of 666

The pound appears a bit neglected , being off 130 vs the USD at 1.6250, much more than the EUR. Blew a trade when someone offered the pound 15 pips off, but such is life. Spreads are U-wide with 12 pips, brrr. As the things might be weak going into the ecb decision, I stay away, except from trading positions.

To: Londo who wrote (502)	6/2/2003 9:00:41 AM
From: RockyBalboa	Respond to of 666

Interestingly, today's spike led the EUR to the same price where the "turd" yesterday (before the globex opening) has been printed (1.1750-55). Since it is decently off again. We may have not seen the traded low here - its a bit far from the breakout point (1.1710, old support) and the downward sloping trend doubtless points to a re-test of the 1.660 lines). Bidding appears to be bloodless and, absent a major trigger the direction must be down. According to an article, traders believe that it could see 1.15