LTCM's bailout came long before rates were lowered to 1 percent. Roughly 4 years beforehand.

Did I miss the train?

I agree whole heartedly on that, but nonetheless, interbank is open until 5PM. And if you think the last hour is quiet (and it usually is), check out 8/3/07. The yen crosses took a beating between 4-5pm on that dreadful Friday..

Help-I Need A New Broker

Where's the love for USDJPY? Today is the first time in forever I've seen UJ outperform every other yen cross, hopefully the beginning of a new trend. Yes AJ is higher now, but earlier today UJ was cleaning house.

EUR/JPY Vs. GBP/JPY

Actually, I take that back. Jacking the spreads on all of the majors to 10 pips wide at 3:45 EST? Wow! Completely unacceptable.

Help-I Need A New Broker

Yes, Oanda's spread on EUR/USD is good. IB's spread is as low as 0.5 pip wide on that pair. I often put a limit to buy on the bid and wait for a seller to fill my order, thus effectively 0 spread + 0.2 commission. Just another side benefit of an ECN ...

Help-I Need A New Broker

Your math is off. $2 per $100k at IB = 0.2 pip in commissions. Which is cheaper, a 1 pip spread with 0.2 pip commission, or a 3 pip spread? Yeah this threw me off as well.

Help-I Need A New Broker

Prices are most definitely NOT the same between dealers, not even close. I will second the recommendation of InteractiveBrokers. There is simply no competition with them at the retail level.

Help-I Need A New Broker

Well I had to go ahead and jinx it, but AU is still holding up better than any other currency against the dollar at the moment. Anyone know what's up with kiwi? Getting hammered, off 1.34%. First time in a quite a while I've seen NU and UJ diverge ...

Aussie Pairs

Quite so, look at it today! Aussie has miraculously held strong amidst this dollar rally/commodities selloff.

Aussie Pairs

EURAUD is picking up steam to the downside, while AUDCAD is doing nicely and AUDNZD is holding support at the 200-day for the 3rd session in a row. AU continues to be a safe play at 86-87 support. I think today's session will see further upward ...

Aussie Pairs

Why so bearish on EURAUD?

Aussie Pairs

Agreed, TL shattered, entered on the break around 8825. The FF cut being all but certain now, let's see if the Dow can break 350 today. AU just broke Monday's high, which ends the sequence of lower highs we have been seeing. Now if these levels can ...

Aussie Pairs

Alas, I have not yet played it, but would like to, it looks pretty fun. Anyone following the descending triangle on the hourly? It's been hitting the downtrend line to the pip the last 3 tests. Pretty solid support at 8685 for the time being.

Aussie Pairs

The fuel: url And one reaction thus far: 0339 GMT [Dow Jones] Abu Dhabi Investment Authority's US$7.5 billion bail-out of Citigroup shows desperation, says senior institutional trader at major U.S. brokerage. "They've avoided a discounted equity ...

Current Market Surge

I just had to post this, from dailyfx today: "From the June 2004 low at .6772, the pair may have completed an ending diagonal as wave 5 of the larger wave 5 bull cycle that began in March 2001. Under this count, a top of significant proportion is in ...

Aussie Pairs

8693.. your crazy level is coming down. Look at AJ down 4% since 5pm! Pretty close to breaking 8/16 daily loss levels.. Newswire on AJ had rumors of an Australian bank with heavy losses on the brink, just rumors though. 8658!

Aussie Pairs

Thanks! Good trading to you!

Aussie Pairs

Congrats Dutch, I found someone even crazier than you. John over at PFX targets AU at 80-82 in today's video (2mins in). Sheer lunacy...

Aussie Pairs

Done and done. 8925 any moment.

Aussie Pairs

S&P futures +11.50, I have may have to revise my forecast higher.

Aussie Pairs