Will Cable Kiss The Target?

After the first target done, and if it breaks, the price is likely to continue its action to the next level. Warning: if it formed a false break on the first level, and breaks above the blue line, the trend might changed. Move your SL or set your trailing stop to lock your profit.

The bearish trend could easily continue next week if US data remains supportive. As housing sector in the US took a hit with RICS dropping to –40.6, i believe the BoE will cut its rate further in the first quarter of 2008. Beware of the strong support at 2.0000 level, it might breaks, or its just bounce there.

Play Safe, Always put your Stop Loss, and use the proper Money Management...Happy Trading!!!

Lil.advice.for.GU.Tomorrow..

Play.safe..always.put.SL..

Forex Market Outlook

What a week, i hardly to see a very attractive moving of EURO against US Dollar, each party struggle for the best stone position. Only one conclusion i've got, standstill...damn, i was hoping that last week would be another resistance breaking moment, and it was wrong. Euro chose to taking a rest for a while against USD. From this week price action, the major issue still centered on US recession and accompanying FED rate cuts that have strike the greenback to a big declined so far. The EURO still on a fly high against US Dollar, and as long as it still below the 1.4700, then the pair found its solid resistance there. The long euro stands below that resistance without breaking it, the more certainty that EURO reach its top. This is a very doubtful issue, as the euro continues to hold the uptrend, we are be able to gaining profits on it. But, beware, unless euro breaks 1,4500 then we face a big premature reversal. There is no major concern next week, the calender event is likely to be quiet, we have EZ flash PMI data of any import on the next calender. Will the high euro finally drive the region’s manufacturing sector below the 50 boom/bust line? If not, then i am very sure that Euro will redouble their efforts on a bullish way.
Meanwhile the yen continued to trade around the 110 level with LEI reading printing at 3 year lows. Bottom line, yen’s strength will only come from the carry trade unwind. So we are not pretty much see any interesting point from this currency.
The Cable stuff
The UK central bank would maintain the status quo as BoE came out with a very bad assessment of the UK economy. The unit broke the 2.0400 figure and the next data that will announced within a week to come are likely strengthen the faith that 2.0000 barrier could be tested before this year ended.
Now its time for a conclusion, since the chart provides us with a common pattern,i think the decline was cyclical rather than secular.

1.Week.Offline..

Next.week.i'll.go.traveling.to.East.Kalimantan..
so.maybe.i'll.not.posting.in.this.blog.about.1.week..

Regards
Nebula

Will.GU.Playing.at.the.next.low.tunnel?

Newest.on.GU

Just.take.a.look.around.That.barrier..
Go.Long.when.that.barrier.break..

Latest.Lil.advise.for.Cable

New.on.GU

What.will.i.do.next.week..


This.PP.will.continue.as.long.there's.no.candle.open.price.above.
demand.line..

Aud/Usd.Updated.1

EUR/USD...

AU.Updated..

Expectation.on.GU

SL.30.TP.40

Yukk.Silahkan.di.Sell

SL.0.9292.
TP.Sesukamu

Sell.Area.GU

GU

Newest...

Will.be.temporary.until..new.web.launching..

In 4 hr chart, GU is still uptrend but GU is near the resistance 2.0461. If GU breaks the resistance 2.0461, GU will be 2.0537, 2.0627.
IF GU moves below three red lines 2.0385, 2.0352, 2.0271, GU will be 2.0125. If GU breaks 2.0125, GU will be 2.000.

In weekly chart, GU is still uptrend. If GU breaks three yellow uptrend line, GU will reverse to downtrend.

sep 26 mo u t eki

In daily chart, cable hasn't broken the uptrend line (yellow diagonal lines). Plus from the fo rexfa ctory source, cable forms the triangle chart pattern (or buyers and sellers fight each other). If you want to be really safe, just wait until cable breaks either red/blue line (resistance) or magenta line (support).

In 4 hr chart, if cable breaks the resistances (red line and 2.0208 blue line), the target may be 2.0314. If cable breaks the support (yellow line and 2.0091 blue line, the 1st target may be 1.9988, the 2nd target 1.9910

In hourly chart, the resistances (two diagonal red lines 2.0182 - 2.0186), the next resistances three horizontal red lines 2.0197, 2.0208, 2.0227. The support (two diagonal yellow lines 2.0122 - 2.0111), the next support three horizonal yellow lines 2.0083, 2.0073, 2.0061.

mo u tek i system

2.0346 target long if cable can go through the two resistances (horizontal line 2.0213 or 1st target, 2.0232 or 2nd target)
The yellow lines are supports.
If break the upper green line 2.0040 , cable may go to the 1st target 1.9960, 2nd target 1.9870, maximum target bottom green line 1.9800.

Mo u tek i has brought the Tho m as DeM ark system into the for ex fact ory but there are some differents or modifications between Mo u tek i system and Th o mas DeM a rk.

Big.Rest..-2

Never.Expected.that.GU.will.give.me.300.and.more

Don't Take This For Sure Road to Disaster

A friend e-mailed me not so long ago....since it discussed a very interesting point, i chose to post it to this blog. Hope this post can makes us have another point of view. Here's the attachment:


Picking tops and bottoms has gained huge popularity over the past 30 years. I recently received an advertisement that proclaimed 100% accuracy in picking tops and bottoms (pivot points) in the S&P 500, down to the minute. I could not hit the order button fast enough. This is what I have been searching for ever since my trading first began 21 years ago. My heart was pounding, my palms were sweating and my dog was barking. I was about to cash in on the secret of all trading secrets!

Riiiiiiiiiiiiiiiiiiiiiight.

Actually, I would have hit the order button just for the pure entertainment value, but it was $5k. So I emailed him. What did I email him? "Are you trading it yourself"? Never got a reply.

Don't get me wrong, there is nothing wrong with trading systems that attempt to pick tops and bottoms using technical analysis. The problem is usually the trader implementing the strategy. More times than not, they have failed to properly prepare themselves for the risks involved and the realistic expectations of performance. Claiming 100% accuracy to the minute certainly doesn't help encourage the need for such preparation.

However, I did not want to spend this email on picking tops and bottoms as a strategy. I want to take a few minutes to reveal to you a very disastrous practice common to many traders who do not even realize they are doing it. It is one thing to pick tops and bottoms using a technical analysis strategy of some sort... it is an entirely different thing to pick tops and bottoms because you are in a position and are hoping that it won't go any higher, or lower.

I was recently talking with a trader who made the statement "Wheat can't go any higher". That was when it was below 800 just a few short days ago. Uh oh. I knew immediately this trader had a position on that would get nasty if wheat did go above 800. This trader was picking a top in a market, not because it was part of some well thought out, back tested strategy, but because he was biased for the top to come in at 800. It was 100%, pure, unadulterated bias. He was relegating his success to blind hope.

The word "can't" is a very strong word. When this word pops up because someone is in a position that he has not prepared to move beyond a certain point, not only can the market move beyond that certain level, it almost assuredly will. Even if it doesn't the first few times it happens, the trader then gets bold about what he is doing and starts using that nasty word on a frequent basis... it is only a matter of time before this road leads to ultimate disaster.

It is hard enough to prepare for the risks of picking tops and bottoms in markets using careful analysis. Picking tops and bottoms because of 100% pure, unadulterated biases is disaster in the making.

Hope You Enjoy this Post. To Ryan Jones, Thx for the e-mail, and many more that u've sent 2 me before. It really changed my point of view. Good Luck Everybody...

Me.Short.GU..-6

SL.-35

Pound Shows Weekly Fall Against Euro on View Rates Have Peaked , -9

By Anchalee Worrachate

Sept. 8 (Bloomberg) -- The pound fell against the euro this week on speculation U.K. interest rates have peaked while the European Central Bank will increase them further this year, eroding the British currency's yield advantage.

The Bank of England and the ECB kept their benchmark rates on hold on Sept. 6 as they assess the effect on their economies of losses linked to U.S. subprime mortgages. While the BOE said inflation ``may remain around, or little below'' its target, the ECB noted price risks ``lie on the upside.''

``We believe the U.K. bank rate has now reached its peak,'' said Richard Dingwall-Smith, chief economist at Scottish Widows Investment Partnership in Edinburgh. ``The risk the bank may push rates to 6 percent or beyond has receded in light of the ongoing global turmoil in financial markets.''

The U.K. central bank raised its benchmark rate to a six- year high of 5.75 percent in July and the ECB increased its rate to 4 percent in June.

The pound traded at 67.79 pence per euro late yesterday in London, from 67.65 pence on Sept. 5.

The U.K. currency also fell against the yen as Asian stock declines and concern over the credit-market crisis prompted investors to cut higher-risk currency holdings funded by loans in Japan.

The pound was at 231.30 yen late yesterday, compared with 233.51 on Sept. 6. The U.K. currency had its biggest decline in three months against the yen in August as concern over the financial-market rout forced investors to reverse so-called carry trades.

The Nikkei 225 Average fell 0.9 percent yesterday and 2.7 percent this week. The Morgan Stanley Capital International Asia- Pacific Index of regional shares declined 0.3 percent.

U.S. Payrolls

The pound rose to the highest in a month against the dollar after a government report showed the U.S. economy unexpectedly lost jobs last month for the first time in four years.

The U.S. non-farm payrolls data fueled concern the credit- market turmoil is spilling over into the broader economy.

The pound traded at $2.0295, from $2.0237 on Sept. 6. The currency has gained for three weeks against the dollar.

The three-month rate banks charge each other for pounds rose to the highest since 1998, suggesting lenders are still reluctant to offer cash to the money market for fear losses linked to U.S. subprime mortgages will hurt their counter-parties' ability to pay back loans.

``Unless we see a clearer picture of what actually is happening with the subprime sector, the problem in the credit market will persist,'' said Marios Maratheftis, a currency strategist at Standard Chartered Bank in London. ``In this environment, people are reluctant to put strong bets on high yielders, including the pound.''

Gilts Gain

In carry trades, investors get funds in a country with low borrowing costs and invest in one with higher interest rates, earning the spread between the borrowing and lending rate. The risk is that currency market moves erase those profits.

U.K. government bonds had a second weekly gain as investors bet the distress in financial markets will hurt the economy. Yields on 10-year gilts fell to 4.97 percent, from 5.04 percent at the end of last week.

The price of the 4 percent bond maturing in September 2016 rose 0.57 from last week or 5.7 pounds per 1,000-pound face amount ($2,095) to 93.13.

Economists in a Bloomberg News survey expect the 10-year yield to rise to 5.32 percent by the end of this year.

The yield on the December interest-rate futures contract fell 11 basis points to 6.34 percent yesterday. The contract settles to the three-month London interbank offered rate for the pound, which has averaged about 15 basis points more than the BOE's key rate for the past decade.

To contact the reporter on this story: Anchalee Worrachate in London at aworrachate@bloomberg.net

Cable..-10

Try.To.Catch..-12

Gu.on.thursday..-13

Play.Safe
Put.SL..:)

Will.Shutdown.Soon..

If.Someone.want.to.take.care.this.blog...
just.give.me.an.email..:)

How.Strong.This.Barrier?..-15

U.K. August Retail Sales Rise After Weather Improves, BRC Says..-15

By Svenja O'Donnell

Sept. 4 (Bloomberg) -- U.K. retail sales picked up in August as sunnier weather encouraged shoppers to buy more food and drinks, the British Retail Consortium said.

Revenue at stores open at least a year rose 1.8 percent from the same month in 2006, up from 1.2 percent in July, the lobby group, which represents 80 percent of Britain's retailers, said today in London. Total sales rose an annual 3.7 percent. The survey covers the period from July 29 to Aug. 25.

Consumer spending, which quickened in the second quarter, is helping to drive the U.K.'s fastest growth since 2004 and has yet to show signs of weakening from higher borrowing costs. The Bank of England will probably keep its key interest rate unchanged at a six-year high this week after five increases in a year.

``Food and groceries have done significantly better than in June and July,'' said Kevin Hawkins, the group's director general, in an interview. ``The August figure is a big improvement.''

Shoppers bought barbecue and picnic foods, chilled drinks and beer and wine as the weather improved in August from July, the group said. England and Wales had the wettest May, June and July since records began in 1766, according to the Met Office, the government's weather agency.

John Lewis Partnership Plc, Britain's biggest department store company, said Aug. 31 that sales at its Waitrose supermarket chain rose an annual 6.4 percent in the week through Aug. 25.

Rate Decision

Bank of England policy makers begin a two-day meeting tomorrow to decide on interest rates. Inflation slipped below their 2 percent target in July for the first time since March 2006. All 60 economists surveyed by Bloomberg News predict the bank will keep the rate at its current 5.75 percent on Sept. 6.

The Bank of England should avoid raising the benchmark rate because inflation is showing signs of receding while consumers are starting to respond to higher borrowing costs, Hawkins said. Britons have record debts of 1.3 trillion pounds ($2.6 trillion).

``The last thing we need is another increase in interest rates,'' Hawkins said. ``The five successive rate increases are now having an effect.''

The annual gain in same-store retail sales was lower than the 2.5 percent increase recorded for August last year, the group said today. A separate index of U.K. retail sales slipped to the lowest reading since November this month, a report by the Confederation of British Industry showed Aug. 30.

Government data have yet to show a weakening consumer. Spending rose 0.8 percent in the second quarter, up from 0.5 percent in the previous three months. Retail sales rose the most in five months in July.

The U.K. economy will expand 2.9 percent in 2007, the most in three years, according to International Monetary Fund estimates published July 25. That compares with forecasts of 2 percent for the U.S. and 2.6 percent for the 13 euro countries and Japan.

To contact the reporter on this story: Svenja O'Donnell in London at sodonnell@bloomberg.net .

Last Updated: September 3, 2007 19:00 EDT

Next.Week...-19

Lil.dvice.For.Next.Week..!!














Play.Safe..
Always.Put.SL..

Good.Luck

Lil.Advice.For.Today...-21

Play.safe
Dont.Forget.to.Put.SL

Latest...

My.Chart.For.Today...-22

Where.I.Stand.Today....-23

Lil.Advice.for.Today..

Lil.Advice.Cable.This.Week..-25

GU.Friday..-26

My.Expectation.for.GU.Friday..

Nice.Pippin....-27

Nice..













Days..-27

Lil.Advice.GU.Next.Week...-31

Play.Safe..Always.put.stop.loss
Take.your.own.risk..
GU.H4.Chart












GU.Daily.Chart












GU.Weekly.Chart












Good.Luck

Is The Fed Inching Closer To A Rate Cut?~31

RTTNEWS
8/18/2007 5:31:28 PM As the euphoria over Federal Reserve's bold step settles down, market participants are divided over whether the symbolic gesture of lowering discount rates mean anything significant to markets. The move signals that the central bank believes that the credit market squeeze poses material risks to growth. According to Wachovia Securities, even a significant cut in the federal funds target rate will not ensure the much-needed liquidity in the mortgage markets.

A discount rate is nothing but the rate at which banks borrow directly from the Fed. Unlike open market operations that call for Treasury bills and agency debt as security, the discount window accepts a wide range of securities, including asset-backed securities, commercial mortgage-backed securities and mortgage-backed securities. In addition to the reduction in the discount rate, the Fed also changed the standard terms of loans at the discount window to allow for borrowing up to 30 days against the usual overnight timeframe.

Following Friday's Fed move, Wachovia Securities said the probability of a Federal funds target rate cut before the September 18th meeting is now reduced. If the credit market recuperates, then even an interest rate cut at the September meeting looks unlikely. However, if the recent credit market turbulence hurts growth further and the core consumer price inflation continues to moderate, the Fed may resort to one or more interest rate reductions later this year.

The past week's economic readings were largely in-line with expectations and did not portend any weakness in growth. Among the reports released last week, retail sales revealed a 0.3% increase in July. Sales, excluding autos, were up a better than expected 0.4%. After auto and gasoline sales were stripped off, the gain was 0.6%. Almost all categories showed fairly good performances. Clothing store sales and sales at department stores rose 1.3% and 1.6%, respectively, suggesting that the concerns over a negative wealth effect pulling down retail sales are unfounded.

Business inventories rose 0.4% in June after increasing at a 0.5% rate in May. The pace of growth in retail inventories slowed to 0.5% in June from 0.7% in May. The inventories to sales ratio is below the highs of the last cycle and accordingly, Wachovia Securities expects inventory build up to add to economic growth in the second half of the year.

The trade gap revealed a narrower than expected deficit of $58.1 billion for June. Wachovia Securities expects the decline in the deficit to add 0.5% to second quarter GDP growth, which was originally reported as 4.2%. Export growth was bolstered by higher shipments of industrial supplies and materials to foreign countries. Another aspect of significance was that petroleum import prices remained flat.

The producer price inflation report suggested a 0.6% spike in wholesale prices in July. Energy prices climbed 2.5% in July, while food prices eased 0.1%. The core producer price inflation rate was 0.1%, which strengthens the case for a pause in the near term. Meanwhile, consumer prices were up 0.1% in July due to a fall in gasoline prices that offset to some extent the impact of higher food costs. The core consumer price inflation rate was 0.2%, rendering the annual gain to 2.2%. One encouraging aspect was the continued moderation in actual and implied rents.

Jobless claims for the recent reporting week unexpectedly rose, casting doubts on the job market's ability to hold up against the backdrop of slowing growth. The housing market data were also not that enterprising. Housing starts declined 6.1% in July to a seasonally adjusted annual rate of 1.381 million units. Building permits, an indicator of future housing activity fell 2.8% to 1.373 million units. With July's decline, housing starts and permits have dropped to levels that prevailed before the housing boom began back in mid-1997. Economists see a 0.5% hurt to GDP due to the softness in starts, while they also believe that the recent credit market turmoil could further impact housing starts, as financing becomes difficult for builders.

Meanwhile, the Philadelphia Fed's survey revealed that manufacturing conditions in the mid-Atlantic region stalled. The general business conditions index dropped to 0 in August from 9.2 in July, and the softness is also expected to have nationwide ramifications. However, the new orders index suggested expansion. On a surprising note, the employment and average workweek indexes expanded significantly. One can take comfort from the fact that the future general business conditions index rose to 5.8 points to 36.2.

The upcoming week's economic calendar is very light. The markets get to receive only a few second-tier economic reports. That said, the markets' pre-occupations continue to be the liquidity crisis and the tighter credit markets. The noteworthy reports scheduled to be released in the week are the new home sales and durable goods orders reports for July.

New home sales for July are unlikely to inspire the Street even if they reveal a surprising increase. Market participants are likely to view an increase in sales as a non-event, as they are most likely to have been achieved at the expense of prices. Of late, builders are forced to offer heavy discounts to push sales.

Avery Shenfeld from CIBC World Markets expects 1.4% growth in durable goods orders. Going by the strong order growth reported by Boeing (BA) for July, one can expect a solid increase in the volatile transportation orders. Nonetheless, orders for automobiles may continue to remain weak, given the waning consumer confidence. The all-important non-defense capital goods orders, excluding aircraft, are expected to show weakness, in-line with the recent trend. Accordingly, business capital spending is unlikely to offer much support to GDP growth in the near term.

Apart from these reports, the markets may also focus on the Conference Board's leading indicator index for July, the customary weekly jobless claims data for the week ended August 18th and the weekly crude oil inventory report.

Wachovia Securities expects the leading index to show a significant increase in July due to positive contribution from initial claims, consumer confidence, money supply and supplier deliveries.

Monday

The Conference Board is due to release the leading index for July at 10 AM ET on Monday. The index is expected to show a 0.3% increase for the month.

In June, the leading index fell 0.3% in June, reversing the gain of May. The Conference Board noted that the index was lower in four out of the past six months. The largest negative contributions in the month were from housing permits, initial claims for unemployment insurance and consumer expectations. However, the leading and lagging indexes rose 0.2% and 0.5% in June.

Tuesday

Richmond Federal Reserve Bank President Jeffrey Lacker is scheduled to speak about the U.S. economic outlook in Charlotte, North Carolina at 12:30 PM ET on Tuesday.

Wednesday

The Energy Department's weekly Crude Oil Inventory report is scheduled to be released at 10:30 AM ET on Wednesday.

Crude oil stocks fell 5.2 million barrels in the week ended August 10th to 335.2 million barrels. Notwithstanding the decline, inventories remain above the upper end of the average range for this time of the year. Gasoline stocks declined 1.1 million barrels, and they remain below the lower end of the average range. Meanwhile, distillate inventories edged up 0.2 million barrels and are in the middle of the average range for this time of the year.

The average refinery capacity utilization over the last four weeks was 92.1% compared to 91.9% in the previous week and 92.7% in the year-ago period.

The price of WTI grade crude oil was $71.49 a barrel as of August 10th, down 5.2% from $75.41 a barrel last week and about 3.9% lower than in the year-ago period. The average nationwide price of regular grade gasoline was $2.771 a gallon as of August 13th compared to $2.838 as of August 6th, 2007 and $3 as of August 14th, 2006.

Thursday

The weekly jobless claims for the week ended August 17th are scheduled to be released at 8:30 AM ET on Thursday.

Jobless claims increased 6,000 in the week ended August 11th to 322,000 from the previous week's unrevised average of 316,000. Economists expected jobless claims to have eased to 315,000.

The less volatile four-week moving average increased 4,750 to 312,500 from the previous week's unrevised average of 307,750. Continuing claims for the week ended August 4th increased to 2.548 million from the preceding week's revised level of 2.547 million.

Friday

The Durable Goods Orders Report, which sheds light on the new orders placed for big-ticket items that last for more than 3 years, is expected to be released at 8:30 AM ET on Friday. Economists expect the report to reveal 1% growth in durable goods orders for July.

Last month, new orders for manufactured durable goods rose 1.3% following a 2.4% decline in May. The bulk of the increase was due to a 7.1% increase in new orders for transportation equipment. Shipment of durable goods fell 1.2%, while unfilled orders rose 1.4%. Inventories edged up merely 0.1%.

Data on New Home Sales, which measures the number of newly constructed homes with committed sale during the month, is scheduled for release at 10 AM ET on Friday. Economists forecast new home sales of 830,000 units for July.

In June, new home sales slid 6.6% to 834,000 from 893,000 in May. Annually, new home sales declined 22.3%. The median sales price of new homes was $237,900, down 2.2% from $243,200 in the year-ago period. New home inventories at the end of June represented a supply of 7.8 months compared to 7.4 months in May and 6.4 months in June 2006.

Refreshing-33

Independence.Day

INDONESIA.INDEPENDENCE.DAY
17.AGUSTUS.2007

My Other Record In Other Broker Platform..

Just.Click.Text.Below..
Beat.Me.If.You.Can
SOME PEOPLE NEVER LEARN
1.Month.after.this..My.Blog.will.be.turn.off...:)
No.Need.To.Share.Anymore...
~~Just.Wanna.Be.Alone~~

I Hate some peoples who just have a big Mouth and said something stupid..:)
Me just want to share for my clients and my friends..
Thanks For You All Peoples Who's being good to me..
Count Down to September 19th..34 days left..:)
from today count down from 34 to 0..
And After September, 19th.. This Blog will be deactivated

Will.Be.The.Nice.One...!

Long.Journey.Will.Be.The.Nice.One...!!!
Please.take.a.look.what.i.post.last.week...
To.Be.Continued....

Just.A.Lil.Advice...

This.is.just.a.little.advice.for.this.week...
Trust.Your.Self.then...

Can.you.see.my.last.post?
Just.Closed.with.a.100.pips.from.2.0083..
Told.ya.for.being.prepare.between.my.red.and.my.green.thin.line..
Congratulation...:)

Tuesday...August.14th

Just.wait.till.my.red.or.green.thin.line.break..

Expert.Advsior...!!

REMEMBER.GUYS.....
If.Some.News.With.High.Volatil.(High.Impact)
Pleaseee..!!.Turn.Off.Your.EA
1.Hour.before.News...
and.Turn.On.it.again.1.Hours.After.News
Play.safe..

European Stocks Fall for a Fourth Week; HBOS, Antofagasta Drop

By Alexis Xydias

Aug. 11 (Bloomberg) -- European stocks declined for a fourth week, extending a global rout that has wiped out about $2.7 trillion in market value, on concern that a widening credit crunch may hurt economic growth and erode earnings.

HBOS Plc, the U.K.'s largest mortgage provider, and Dutch lender ABN Amro Holding NV led the decline. Antofagasta Plc and Boliden AB paced mining shares lower as metal prices tumbled.

The Dow Jones Stoxx 600 Index dropped 2.5 percent to 362.77, a five-month low. The measure has fallen 9.4 percent since reaching a 6 1/2-year high on June 1. The Stoxx 50 sank 2.4 percent, while the Euro Stoxx 50, a measure for the euro region, lost 1.6 percent.

Shares in banks, brokerages and money managers tumbled worldwide amid signs that the debacle in the U.S. mortgage market is spreading. BNP Paribas SA, France's biggest bank, halted withdrawals from funds and the U.S. Federal Reserve, the European Central Bank and Bank of Japan pumped cash into the banking system, aiming to stem a collapse in credit markets.

``It's a bit of a can of worms that has been opened,'' said Toby Nangle, who helps manage $37 billion in assets at Baring Asset Management in London. ``We are not quite sure where it will end. We might see a major economic impact.''

National benchmarks fell in all 18 western European benchmarks. The U.K.'s FTSE 100 dropped 3 percent, France's CAC 40 sank 2.7 percent and Germany's DAX decreased 1.2 percent.

``Everyone is very afraid,'' said Jacques Porta, who helps manage $180 million at Ofivalmo Patrimoine in Paris. ``There's lack of confidence on the financial sector. I am selling banks.''

HBOS, Man Group

HBOS slid 8.4 percent to 873 pence. Man Group Plc, the world's largest publicly traded hedge fund company, tumbled 12 percent to 479.25 pence. Dexia SA, the owner of U.S. bond insurer Financial Security Assurance Inc., fell 4 percent to 19.16 euros.

Deutsche Bank AG dropped 3.3 percent to 95.19 euros. Germany's biggest bank said the assets in one of its investment funds have fallen by 30 percent since the end of July as subprime mortgage losses roiled credit markets.

The European Central Bank loaned 156 billion euros ($213 billion). The Fed added $38 billion in temporary reserves and the Bank of Japan added 1 trillion yen ($8.5 billion) to the financial system.

BNP, ABN Amro

BNP Paribas dropped 1.9 percent to 78.97 euros. France's biggest bank said it halted withdrawals from three investment funds because it couldn't ``fairly'' value their holdings after subprime mortgage losses rattled debt markets.

ABN Amro, the target in the world's biggest banking takeover, lost 3.4 percent to 33.85 euros on speculation bids by Barclays Plc or a group led by Royal Bank of Scotland Group Plc may falter.

Recent market turmoil ``does jeopardize the ABN Amro deal,'' said Mike Trippitt, a London-based analyst at Oriel Securities Ltd. who has a ``buy'' rating on Barclays and Royal Bank stock. ``If you believe the market, the current share prices are telling you the deal isn't going to happen.''

Jochem van de Laarschot, a spokesman for Amsterdam-based ABN Amro, said there are ``no new developments in the offer process.'' Royal Bank Chairman Tom McKillop said the market turmoil won't derail the deal.

Antofagasta, the owner of three copper mines in Chile, slid 9.9 percent to 620 pence this week. Boliden, Scandinavia's sole copper producer, fell 7.1 percent to 139.75 kronor.

Copper prices in London dropped 3 percent in the week. Nickel plummeted 9 percent. Zinc and aluminum also fell.

Petroplus, Nokian Renkaat

Petroplus Holdings AG plunged 15 percent to 104.3 Swiss francs even after the Swiss refiner posted a second-quarter profit. Earnings were limited by maintenance work at the Cressier refinery and the BRC refinery, the company said.

Nokian Renkaat Oyj jumped 5.8 percent to 24.33 euros. The biggest Nordic tiremaker said that second-quarter profit rose 69 percent, beating analyst estimates, after it raised prices.

Rentokil Initial Plc increased 7.5 percent to 165 pence. Merrill Lynch & Co. raised its recommendation on the world's biggest pest-control company to ``buy'' from ``neutral.''

``After 3 1/2 years of declining profits, we believe Rentokil's profits momentum is at an inflection point,'' a team of analysts led by Andrew Ripper said.

To contact the reporters on this story: Alexis Xydias in London at axydias@bloomberg.net

My.Forecast.GU.Next.Week

This.is.my.lil.prediction..
If.I.Got.Wrong.Please.Somebody.Remind.Me..!!

Good.Luck

EA~10.08.07

2007.August.10th



















This's.The.End.Of.EA.Journal..
I'll.Post.EA.Journal.Again.when.sumone.request.it...:)

Good.Luck

My.Forecast.on.GBP/USD

GBP/USD.H4.Chart












GBP/USD.Daily.Chart












GBP/USD.Weekly.Chart

EA.09~08~07

2007,August,9th