AUTOREFRESH 
Asian FX market open: lively ranges overnight
By Sean Lee || March 16, 2010 at 21:22 GMT
|| 14 comments || Add comment
I hope the lively trade from overnight can wash over into Asia today. Cable was the big mover, enjoying a 300 pip range, and my initial target at 1.5285 has almost been met. EUR/USD has also been dragged higher but is likely to meet Sovereign selling between 1.3825/50. The AUD/USD keeps grinding its way higher and anyone trying to short this pair must be feeling rather disillusioned. USD/JPY continues to trade in tight ranges and will probably continue to do so for the rest of the month.
Good luck today (agus La Fheile Phadraig, which means happy St Patricks day to the non-Gaelic speakers!)
Morning Sean… it’s 17:00 EST here is South Florida. I’m with you on the “lively” action. It would be great if the Cable and the EUR got to their targets. I’m hoping for 1.3800 on the EUR did not trade the Cable as it would have put to much risk on me.
So, do you think we’ll hit the TARGETS tonight????
oops it’s 17:36 DST in South Florida
And a happy paddy’s day to you Sean
What festivities you got lined up then?
Couple of items from this evening for you
http://www.telegraph.co.uk/news/election-2010/7456968/U-turn-from-Labour-as-it-admits-taxes-may-go-up.html
And what’s more Ken Clarke managed to make him look a total twonk in a radio interview this morning.
Actually, on reflection, that ain’t too difficult
http://www2.politicalbetting.com/index.php/archives/2010/03/16/tonights-commons-seat-spreads/
“With 325 seats being the technical threshold for a majority government tonight’s spread have the Tory number on all three markets being above the critical number”
Morning Sean, Rumors of a barrier option in eur/usd at 1.38- have you heard of that? I know that the futures info is posted Friday on Reuters, but where can us mere mortals find the information about the large forex option positions? Happy St Patrick’s Day,
G’day JR. I haven’t heard about any major barrier at 138 but I will check it out this morning. You can only find out the option info on sites like this.
Are you going to fill that 10-gallon hat with some green beer later on??
Thanks Sean. And I’ll be staying in and sipping Root Beer with Ms Ellie tonight
By the way, turns out that gbp/jpy would have been a good, quick short at 138 on Friday but I’m still holding out for 140.
Lilac, I really wonder what % of brits think that after the election taxes will not be raised. I havent come across any yet. So in this case the news is them telling the truth for once.
Thanks for the articles, I am starting to think you are Gerry with a nick.
The truth, Emilio – but in what a cackhanded way.
And sadly, I think you know the answer to your first question – you and I haven’t come across them, but they are out there all the same.
Cheers Lilac, and thanks for the links. Very sadly quiet day ahead I’m afraid. We’ll wet St Paddy’s head later on tonight.
Hey Rance. AUD/USD might lead the way today I think. If it can break higher then it might drag the others with it. JPY repatriations out of Europe and the US could well be the main factor here again. If that’s so, then it’ll be quiet.
Quite relishing the interim 2 week time shift, Sean.
Hoping it gets me back to a more disciplined regime
Oh and there’s this, not sure about the effect, or was that this morning’s early cable sell-off already?
Kraft under fire after Cadbury U-turn
http://uk.reuters.com/article/idUKTRE62F3HT20100316
Ok – last one – here comes Brogan upping the ante for the UK
http://www.telegraph.co.uk/news/newstopics/politics/conservative/georgeosborne/7459880/George-Osborne-interview-Fire-in-his-belly.html