What do you guys think is the best form of regulatory body to have in FX? A society or a limited liability company? How quickly do you envision doing this? How do you make sure decisions are made in some democratic way?

I do very much agree that you need to set up a body other than FDC to look at FX in Eastern Africa or just Kenya. If you ever need an alternative view to any matter,feel free to ask.

@toni i got the correlations and have measured them using the past records of six months and found a good relationship in the pairs regarding the currencies of commodities though at times there are some levels of volatility but the variations still are not that big,they still lie under the correlations probabilities.

@passyson you are really in with the commodities i think they are doing a good favour for you,today you are on NZD/CHF going long,i have not checked on that pair but i think since morning there was a small rally of the commodities which i hope would have given an edge over the CHF. For commodities in the morning session i went long on AUD/USD which i was looking for only 50 pips cause i think the dollar may rebound a little bit later on.I was still looking on the effect of correlation with the USD/CAD.

I think the rally of the commodities was due to the uncertanities with the crude oil which was being feared to rally( BP had confirmed shutting an oil point in georgia) but i think it would not live long as calm may return today and the dollar may rally again pending the Housing report which i suspect would not be convincing.For euro the situation i think since morning was only edging the dollar on speculation but the data of EMU on B.O.P/trade balances were negative tumbling the euro down to almost 1.47. Still waiting for the US housing market which the euro may rally about 50- 90 pips then go down to its low levels again. There is still canadian data which is due about the foreign investment securities! How do you see them?

@NGAATU

SK today is whack...

I exited NZD/CHF with 100 pips profit. I have gone short on USD/JPY @110.270...if the 110.00 suport is hit then i am home and dry :)...If not,the loss will eat into my profits for the day.





Anyone who lives within their means suffers from a lack of imagination

@mandlagh please I would Like you to read the post above and then if u have any thing u Want it to be clarified don't hestitate to ask plz.

@NGAATU

@all
The SK forum has really been in a mess the past few days,i hope they are improving it.How the tradind sessions guys you have really quite i suppose its because of the SK site.

@KIm 007 i suppose their was a rebound yesterday of the euro which went up about 50-115 pips against the greenback supposedly due to the economic data of inflation significance which was the PPI and the housing market numbers which were pretty not good.So in the morning going short was good for few pips of around 20 - 60 pips but there was a rebound following the PPI and Housing Data Which thrashed the USD by almost 115 pips to levels of 1.476 down from 1.4658.I hope you were with trend?

I suppose today during the morning sessions the was a rallying of crude oil from 111 per barrel to almost 115 ( nymex market) this slightly scrapped the gains made by the dollar,which simultaneously drove the commodities a little bit high( gold reached 822 an ounce from 790's yesterday).I think this was strongly determined by the tornado in florida which was not easing but sligthly caused by the economic data released. I think the situation in euro zone is not convincing at the moment as the data from key euro states are not appeasing.Infact the rallying of euro was only caused by the oil rebound rather than the economic data of U.S? Whats your take Guys?

@Passyson how are the commodities ranging?

@NGAATU