The "up-to-the-minute Market Data" thread

And the EURO is STILL falling...

EUR/USD 1.36689...

www.forexrate.co.uk...

[edit on 2/4/2010 by Hx3_1963]

Nikkei just broke -300 at -302 right now

No, dollar is rising: Last trade 80.187

You dig? They are using dollar to cover up euro going down...

Originally posted by TheCoffinman
Nikkei just broke -300 at -302 right now

And it's early. wait until they have some time to think about it.

I predict down 500+ by close.

All Ordinaries 4,510.000 8:20PM ET Down 134.100 (2.89%)

Nikkei 225 10,053.87 8:20PM ET Down 302.11 (2.92%)


Seoul Composite 1,564.81 8:21PM ET Down 51.61 (3.19%)


Taiwan Weighted 7,294.52 8:20PM ET Down 247.52 (3.28%)
Taiwan Weighted 7,260.37 8:58PM ET Down 281.67 (3.73%)


Shanghai Composite 2,935.01 8:58PM ET Down 60.30 (2.01%)


Hang Seng 19,706.24 8:59PM ET Down 635.40 (3.12%)


[edit on 2/4/2010 by Hx3_1963]

down across the list:

^AORD All Ordinaries 4,512.40 9:08PM ET -131.70 (2.84%)
^SSEC Shanghai Composite 2,935.94 9:12PM ET -59.37 (1.98%)
^HSI Hang Seng 19,756.40 9:12PM ET -585.24 (2.88%)
^JKSE Jakarta Composite 2,541.22 9:26PM ET -52.00 (2.01%)
^KLSE KLSE Composite 1,250.77 9:27PM ET -14.26 (1.13%)
^N225 Nikkei 225 10,062.65 9:00PM ET -293.33 (2.83%)
^NZ50 NZSE 50 3,097.39 9:07PM ET -51.55 (1.64%)
^STI Straits Times 2,688.92 9:27PM ET -56.06 (2.04%)
^KS11 Seoul Composite 1,565.46 9:07PM ET -50.96 (3.15%)
^TWII Taiwan Weighted 7,283.61 9:07PM ET -258.43 (3.43%)

also:
top 3 business stories on google news -

Stocks tumble on worries about jobs, European debt
BusinessWeek - Stephen Bernard, Tim Paradis - ‎3 hours ago‎
The Dow Jones industrials have traded below 10000 for the first time since Nov. 6. Stocks buckled under the growing belief that the global economy is weaker than many investors expected.

Japan Stocks Drop on US Jobs, Strong Yen, Commodities Decline
Bloomberg - Kana Nishizawa, Kotaro Tsunetomi - ‎1 hour ago‎
Feb. 5 (Bloomberg) -- Japanese stocks fell after US jobless claims increased, the yen strengthened and commodity prices weakened. Mazda Motor Corp.

Crisis Renews Concerns on Euro
Wall Street Journal - Brian Blackstone - ‎3 hours ago‎
FRANKFURT—The worsening debt crisis on the euro zone's periphery has reawakened concerns about the viability of a currency union that encompasses 16 sovereign nations with disparate economies.

[edit on 4-2-2010 by TheCoffinman]

This stuff's been a long time coming as we all know. Really the only question is, 'how will they react?'. No country in history with a fiat currency has decided to let debt destroy them. They will create more fiat currency to steal back the debt we owe to foreigners.

Only problem with that is we're still running huge budget deficits and there's no politically safe way out of those deficits. They will create more fiat to cover those deficits as well. The rest is history.

The only questions then become how america deals with its new found extreme poverty. I'm thinking not well, since we have become a spoiled and decadent nation of sheep.

Common sense dictates food reserves and a way to protect them.

^AORD All Ordinaries 4,516.60 10:08PM ET -127.50 (2.75%)
^SSEC Shanghai Composite 2,949.10 9:26PM ET -46.21 (1.54%)
^HSI Hang Seng 19,726.72 10:13PM ET -614.92 (3.02%)
^JKSE Jakarta Composite 2,538.06 10:28PM ET -55.16 (2.13%)
^KLSE KLSE Composite 1,251.08 10:27PM ET -13.95 (1.10%)
^N225 Nikkei 225 10,062.65 9:29PM ET -293.33 (2.83%)
^NZ50 NZSE 50 3,096.44 10:07PM ET -52.49 (1.67%)
^STI Straits Times 2,689.04 10:28PM ET -55.94 (2.04%)
^KS11 Seoul Composite 1,566.44 10:08PM ET -49.98 (3.09%)
^TWII Taiwan Weighted 7,282.12 10:08PM ET -259.92 (3.45%)

the latest..


also: ^BSESN BSE 30 15,899.35 10:39PM ET -325.60 (2.01%)



[edit on 4-2-2010 by TheCoffinman]

reply to post by DangerDeath



Don't believe everything you read

reply to post by irishchic


Im cool, I'm just looking for a rope.

Probably the only person in history that can be up 400% in 6 hours then blow his whole account.

Other than that things are cool, I'm just going to be staying at my parents for longer than expected

All Ordinaries 4,532.700 12:14AM ET Down 111.400 (2.40%)
Shanghai Composite 2,940.078 12:20AM ET Down 55.23 (1.84%)
Hang Seng 19,749.33 12:19AM ET Down 592.31 (2.91%)
BSE 30 15,840.69 12:25AM ET Down 384.26 (2.37%)
Nikkei 225 10,071.85 12:15AM ET Down 284.13 (2.74%)
NZSE 50 3,104.991 Feb 4 Down 43.948 (1.40%)
Straits Times 2,691.59 12:30AM ET Down 53.39 (1.95%)
Seoul Composite 1,562.01 12:15AM ET Down 54.41 (3.37%)
Taiwan Weighted 7,205.88 12:15AM ET Down 336.16 (4.46%)

I love the smell of put options in the morning!

^AORD All Ordinaries 4,532.50 12:45AM ET -111.60 (2.40%)
^SSEC Shanghai Composite 2,930.23 1:12AM ET -65.08 (2.17%)
^HSI Hang Seng 19,749.33 1:13AM ET -592.31 (2.91%)
^BSESN BSE 30 15,840.78 1:18AM ET -384.17 (2.37%)
^JKSE Jakarta Composite 2,531.95 Feb 4 -61.27 (2.36%)
^KLSE KLSE Composite 1,252.56 Feb 4 -12.47 (0.99%)
^N225 Nikkei 225 10,057.09 1:00AM ET -298.89 (2.89%)
^NZ50 NZSE 50 3,104.99 Feb 4 -43.95 (1.40%)
^STI Straits Times 2,692.89 1:24AM ET -52.09 (1.90%)
^KS11 Seoul Composite 1,567.12 1:02AM ET -49.30 (3.05%)
^TWII Taiwan Weighted 7,217.83 12:46AM ET -324.21 (4.30%)

the latest...


[edit on 5-2-2010 by TheCoffinman]

Originally posted by GreenBicMan
reply to post by irishchic

 

Im cool, I'm just looking for a rope.

Probably the only person in history that can be up 400% in 6 hours then blow his whole account.

Dude. What are you doing over there?
What ill fated trading vehicle are riding on? Did the pedal get stuck?

reply to post by Cabaret Voltaire


his heart was in the right place he meant well

and we never said we loved him




I propose a GBM Memorial Fund


Suggestions as to an appropriate monument welcomed.



FTSE 5077.32 down 61.95 (-1.21%) after 45 mins trading.

GBM, I looked back at your posts and saw that you woke up winning with the Dollar. Against what? The Euro? The Dollar is still gaining on the Euro as of Friday morning. What did you do? Try to buy the Euro and play some sort of technical bounce with an even larger position? I always wiped out trading currency. I'd over trade. I'd hold to long. I'd never know when the thing was going to turn around. I would invariably win and then lose it all. I think FX is the scam of the 21st century. I can't figure it out. I apply my stock timing theory to it and get a win, but then somehow lose it all. I've tried several times. My account is sitting dormant with $1.

FTSE

5056.78 82.53 (-1.61%) after 2 hours' trading



China is not happy. It's a good job they'd be harming themselves if they pulled the plug on US treasuries:

(CNN) -- Declaring "I see a lot of dark clouds on the horizon," a former top official in the Chinese Foreign Ministry said the U.S.-China relationship is at a critical moment and any further deterioration will not be good for world peace.

Victor Gao, a director of the China National Association of International Studies, told CNN's Christiane Amanpour that China views the recent U.S. arms sale to Taiwan "as a major kind of a step to upset China's national interest." Gao said U.S. President Barack Obama's decision to sell $6 billion dollars worth of weapons to Taiwan and to meet with the Dalai Lama in Washington this month are "miscalculations" based on a misreading of Chinese positions on what he called "these fundamental issues."

His comments came as U.S.-China relations are under increasing strain on a number of fronts, not just the issues of Taiwan and Tibet. There are also frictions over charges that China has hacked into Google, over trade relations, and over U.S. allegations that Beijing is manipulating the value of its currency to benefit Chinese companies. But it's the Taiwan arms deal that appears to have upset China the most... In response, Beijing has taken the unprecedented step of saying it will impose sanctions against the U.S. defense contractors that will make the weapons.

Gao hinted at the possibility of even broader economic retaliation. "China is now the largest creditor nation to the United States. Just imagine if China buys less of the Treasury bonds or stops buying the Treasury bond for a couple of months -- what it will mean for the national interest of the United States, but also for China because China itself will be hurt if China takes such extraordinary measures."
Just imagine if China buys less of the Treasury bonds or stops buying the Treasury bond for a couple of months...

Source

(thread based on above article)

But can anyone imagine the tremors that would be caused in the markets if China so much as gave a shot across the bows?

Maybe it deserves a thread of itś own, but thought to post it here instead

Biggest Bubble in History Is Growing Every Day

Feb. 4 (Bloomberg) -- Real estate, stocks, credit. China sure has its share of bubbles. Oddly, little attention is paid to the biggest one of all.

The reserve bubble is actually an Asia-wide phenomenon. And we should stop viewing this monetary arms race as a source of strength. Here are three reasons why it’s fast becoming a bigger liability than policy makers say publicly. One, it’s a massive and growing pyramid scheme. The issue has reached new levels of absurdity with traders buzzing about crisis-plagued Greece seeking a Chinese bailout. After all, if economies were for sale, China could use the $453 billion of reserves it amassed last year to buy Greece and Vietnam and have enough left over for Mongolia

Next Step

You have to wonder what folks at the International Monetary Fund are thinking these days. Their aid packages tend to come with messy requirements, such as “get your economy in order.” China’s are merely about scoring resources or geopolitical points. We have already seen China throw lifelines to Wall Street giants, including Morgan Stanley. Entire countries seem like the natural next step

Ending Badly

The challenge for China alone is like trying to park an Airbus A-380 super-jumbo in a Volkswagen. Like all pyramid schemes, there’s no easy end in sight and things could end badly. If the dollar collapses, panicked selling by central banks looking to limit losses would shake global markets more than the U.S. credit crisis has. Two, reserves are dead money. The wisdom of currency stockpiling came from the chaos of 1997. Speculators sensed authorities in Thailand were sitting on few reserves, and they were right. Their attack on the Thai baht set the stage for an Asian meltdown. Governments spent the 2000s determined not to repeat the mistake. Asian economies have too much of a good thing on their hands. In July 2007, on the 10th anniversary of Thailand’s devaluation, Asian Development Bank President Haruhiko Kuroda said the accelerating accumulation of reserves was a major concern for the region. Too bad nobody listened to him.

Link to the full story

Europe down -1,88%

reply to post by Hithe Merinos


Do you perhaps foresee a widespread international turn to demanding physical delivery of gold? Perhaps that's one likely scenario, though that could in itself cause further chaos as scarcity/shortfalls compound the problems.

(Has anyone got any insights into recent movements, incidentally?)

Everybody hording gold is just a dog with different fleas. Human action is the real valuable commodity.

What can be accomplished with gold, that can't otherwise be accomplished with a pretty woman?

Nothing.

It is all psi logical.