Top
New York  London  GMT  Tokyo  Sydney 

Stocks turn lower; EUR losing bid

By   || March 12, 2010 at 15:08 GMT
|| 3 comments || Add comment

Looks like the profit-taking ahead of the weekend has begun. EUR/USD has fallen back through 1.3736 and EUR/JPY is taking a breather after another stall ahead of 125.23.

USD/JPY is suffering a set back after ringing the register on the move up through 91.00. There had to be a nice batch of stops built up in recent days above that level…90.70/75 is first support followed by 90.20. Large stops are seen below 90.20.

EUR/USD bids are seen around 1.3705/10, traders say.

Share and Enjoy:
  • RSS
  • Facebook
  • Twitter
  • LinkedIn
  • email
  • Print
  • Add to favorites
  • del.icio.us
  • Digg
  • NewsVine
  • StumbleUpon

Add a comment

3 Responses to “Stocks turn lower; EUR losing bid”

  1. Iman on March 12th, 2010 15:09 GMT

    EUR/CHF is going to catch the 1.4575 stops…

  2. Francesco on March 12th, 2010 15:23 GMT

    Hi Jamie, same topic as Iman, do you have fresh infos from the board about SNB?

  3. Jamie Coleman on March 12th, 2010 15:39 GMT

    All I hear is stops below 1.4550…

Bottom