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Quick look at the order books

By   || July 9, 2009 at 22:06 GMT
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Surprisingly quiet with very few orders close to the market:

  • Sovereign names selling EUR/USD towards 1.4100- no exact levels yet
  • Decent sized offers in USD/JPY at 93.50 and good bids back towards 92.00- dealers anticipate a period of consolidation over coming days
  • AUD/USD- trailing stops above the overnight .7860 high. Sell orders at .7910-15 should contain rallies. Not much in the way of decent bids until .7700-20  with some Sovereign interest mentioned.
  • Strong bids in EUR/GBP around .8525 level and just above
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