charlotte 0 Posted May 17, 2007 Share Posted May 17, 2007 People at work are talking about "FX", anyone able to tell me what on earth they are talking about? Something to do with exchange rates perhaps? Link to post Share on other sites
thursday 1 Posted May 17, 2007 Share Posted May 17, 2007 Foreign Exchange? Link to post Share on other sites
charlotte 0 Posted May 17, 2007 Author Share Posted May 17, 2007 Right. But what is the big news with it all? Link to post Share on other sites
thursday 1 Posted May 17, 2007 Share Posted May 17, 2007 I'm not acurrency trader but this is some layman stuff: USD/JPY To consolidate with positive bias ahead of today''s BOJ interest rate decision, focus on Gov. Fukui press conference statement. USD/JPY underpinned at almost three-month high by stronger-than-expected U.S. April housing starts, industrial production data. But USD/JPY gains limited by profittaking on JPY carry trades. Japan 1Q GDP data in-line expected. Analysts expect BOJ to put off raising interest rates until after Japanese July parliamentary elections, cite absence of inflation in Japan, recent weak economic data. Daily chart positive-biased. Immediate resistance at 121.14 (uptrend line from March 12 high of 118.51). Spuds could tell you more. Link to post Share on other sites
charlotte 0 Posted May 17, 2007 Author Share Posted May 17, 2007 Oh right. I highly doubt that the OLs in my office are discussing that. (And, I am not at all interested in reading anything that "spuds" says, he seemed a rather nasty piece of work). Link to post Share on other sites
big-will 7 Posted May 17, 2007 Share Posted May 17, 2007 Charlotte, I think you will find that it is often in the news now as many housewives (as the news programs say) are spending a lot of time going to classes to learn about it and then spending all day on the PC buying and selling to make some money. They often interview a few who are making money every day, then get an expert on who says what a risk it is. Go to a bookshop and you'll see the FX books on the shelves. It's a "my boom". Link to post Share on other sites
thursday 1 Posted May 17, 2007 Share Posted May 17, 2007 OL night traders, why has it taken so long to catch on. Are they doing margin? Link to post Share on other sites
Yuki's Passion 1 Posted May 17, 2007 Share Posted May 17, 2007 yeah, id love to see em buying Livedoor stocks on the margin with their 17-22man/month salary Link to post Share on other sites
indosnm 0 Posted May 18, 2007 Share Posted May 18, 2007 Mama day traders.. saw a show on them and faaaark that's a scary thought! One show, showed them buying up cheap stocks and with no research just because they were cheap. They don't realise that it only takes 3 yen to lose 30% on a 10yen stock.. made me chuckle.. OL'S I think could do pretty well if they learned abit. Japanese women are supposedly the best savers in the world (exculding my wife!) then they all put it in a bank account yielding .00000001% pa! Link to post Share on other sites
echineko 1 Posted May 18, 2007 Share Posted May 18, 2007 I have friend who did it before. Sometimes she make much money but also lose. After 3 months she profit just small amount but feeling stress and so finished it. Link to post Share on other sites
me jane 0 Posted May 18, 2007 Share Posted May 18, 2007 There is some kind of gov test which translates as something like "Financial planner license". Quite a few of the housewives in my company (part-time workers) are taking courses for it. Not sure how good it is but one lady who has almost finished the course was just saying to me this morning that if she won the lottery she would pay off her whole mortgage so they are obviously not teaching that much! (Off topic but the lottery conversation was prompted by news that a guy who left our company last year to trade in stock full-time had just won 2700man in the lottery!) Link to post Share on other sites
thursday 1 Posted May 18, 2007 Share Posted May 18, 2007 Surely that's not enough to pay off the mortgage. Link to post Share on other sites
indosnm 0 Posted May 18, 2007 Share Posted May 18, 2007 the lottery that everyone is talking about is 6 oku ... Dreamers.. Link to post Share on other sites
thursday 1 Posted May 18, 2007 Share Posted May 18, 2007 Indo, you have to be in it to win it. Link to post Share on other sites
indosnm 0 Posted May 18, 2007 Share Posted May 18, 2007 you're right 100% Thursday... how much do they spend to be in it over a lifetime?? To win what? I can dream for free! Link to post Share on other sites
thursday 1 Posted May 18, 2007 Share Posted May 18, 2007 hehe, I got lucky once. Link to post Share on other sites
indosnm 0 Posted May 18, 2007 Share Posted May 18, 2007 I remember you saying that.. they say that people that have won have a better chance of winning again! How much... spill the beans! Link to post Share on other sites
thursday 1 Posted May 18, 2007 Share Posted May 18, 2007 I won't be so rude as to say the exact figure, but it was more than enough to pay off the mortgage and still have a bank balance that makes me smile each time I see it. Link to post Share on other sites
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