and no IOU's.

Cable Update (GBPUSD)

Banks Face $100 Billion of Writedowns on Level 3 Rule — Nov. 7 (Bloomberg) -- U.S. banks and brokers face as much as $100 billion of writedowns because of Level 3 accounting rules, in addition to the losses caused by the subprime credit slump, ...

Auslanco - GBP/JPY and GBP/USD (newstrade)

Ok, broke the days low. Would like to see under 10,000 by the end of the year.

Auslanco - GBP/JPY and GBP/USD (newstrade)

Ok, the DOW is testing the Day's low. What do you think Markam, I am anticipating a close below 13400. Too many negative news coming out today. Not even optimistic bull's can ignore the gloom.

Auslanco - GBP/JPY and GBP/USD (newstrade)

Yeah, temporarily, there is no way the fed would raise rates, in this type of environment.

Auslanco - GBP/JPY and GBP/USD (newstrade)

I've been with you from day one! What is the Fed going to do now, cut rates again? In doing so, driving oil over $120 and Gold well over $1000?

Auslanco - GBP/JPY and GBP/USD (newstrade)

I think that the US wanted China to drop $$$'s in order to weaken $ @ the same time, unload their problem (Yuan) onto the Europeans.

Cable Update (GBPUSD)

I don't remember, I went and opened a demo carry trade account after the unwind. You can go a chart and see. In addition to those pips is the interest earned. I am just waiting for another carry trade unwind to go in.

anyone trading TRY/JPY, with which broker?

Where is my buddy Bear, Markam?

Auslanco - GBP/JPY and GBP/USD (newstrade)

True, but I'm not worried. I am riding this one down. I have a short on UY from 115.75 since 11/01. What we need is some British and EC member to slightly open their mouths and to drive GU and EU down along with UY or even better yet, we need ...

Auslanco - GBP/JPY and GBP/USD (newstrade)

[quote=gene22;1703281] Yes I remember Gene.

Auslanco - GBP/JPY and GBP/USD (newstrade)

I am counting on it.

Auslanco - GBP/JPY and GBP/USD (newstrade)

Dow Futures currently 13540 (-150) points. I expect the Dow to open in the red.

Auslanco - GBP/JPY and GBP/USD (newstrade)

Possible, but logic dictates that the everyone is shorting (dropping) the $$$, so, I can't see that happening, unless someone decides to buy $$$ which will drive GY up if GU remains where it is right now, which I don't see happening.

Auslanco - GBP/JPY and GBP/USD (newstrade)

Yeah, ever since the British and French de-commissioned the Concord.

Cable Update (GBPUSD)

If that is the case, I would be careful in shorting oil. I anticipate it to go towards $106-$110 if the geo-political and fundamentals don't change.

Auslanco - GBP/JPY and GBP/USD (newstrade)

True. Most currencies are pegged to the $. If GU stayed the same when UY went down, we would ahve seen a downward movement.

Auslanco - GBP/JPY and GBP/USD (newstrade)

I have been reading about sovereign funds in the middle east and elsewhere moving away from the $ and buying up the Pound and Euro. Maybe, we'll find out soon.

Auslanco - GBP/JPY and GBP/USD (newstrade)

I have a UY short open from last week @ 115.75 with a target of 112 but I also had shorts open on USD/CAD, EUR/CAD, GBP/CAD, AUD/CAD and GBP/CHF. All with a TP of 50 pips. All hit . had I known, this was going to happen, I would have let them ride ...

Auslanco - GBP/JPY and GBP/USD (newstrade)