AUTOREFRESH 
Asian FX market open: EUR deliberations, JPY repatriations, CNY reservifications
By Sean Lee || March 15, 2010 at 21:13 GMT
|| 8 comments || Add comment
The themes for this Asian trading session are well worn ones; what will the EU do about the Greek situation, have Japanese corporates more JPY repatriations to do before the month is out, and why is China using stronger language in it’s financial dealings with the US? We won’t get an answer to any of these questions but news on any of these topics will cause some market movement.
Good luck today.
Lookin’ forward to your pontiff-ications
Good morning, Sean. What are overall effect of the upcoming disclosure of the RBA’s minutes?
You missed the one abt the EU throwing the Pom´s under the ¨fiscally responcible¨ bus….I wanna see big Merv the swerve´s comeback to that…. and mornin ol chap
Morning Solange. The market is not paying much attention to them. It looks like we are in a month on month off cycle and unless there is something in the minutes about targets, timeframes etc then I don’t expect and dramas (famous last words!)
Thanks for your input, Sean. FYI: I went short the AUD/USD while New York was still open (i. e., a little while ago), as I just couldn’t resist the temptation that maybe – just maybe – the RBA minutes will disappoint a market that seems to always take a very optimistic slant to the AUD’s prospects. Could I get creamed in less than 2-1/2 hours? Sure. Could I clean up? Of course. Only the hairdressers know whether March 10th’s low of about .91127 as well as March 11th’s low of about .91113 plus New York’s low (of earlier “this morning”) of .91080 are about to get wiped out!
They do?
I think it’s worth the risk Solange. Above 9205 and I think you’re wrong but if it starts heading south then the big stops below 9050 will start appearing on dealers radar screens. Btw the taxi-drivers are also in the know. You can get driven to a haircut and find out where the Aussie is headed.
Sean, thanks for the headressing tip. Today, however, I plan to bail well before that AUD/USD .9050 line in the sand, as I plan to spend “this afternoon”, plotting and planning another short attack on Gerry’s love child (the GBP/USD), particularly if it can’t hang onto 1.5024 and stay north of that number; or, stealing the EUR/CAD baby from the cradle, should it fail to mind its manners on the approach to March 9th’s low of 1.39007. Or, both!