Quick look at order books
By
Sean Lee || March 16, 2010 at 03:40 GMT
- USD/JPY: solid corporate selling between 91.10/20; decent sized bids around 90.15, stops just below this level
- GBP/USD: stops both side of the market, above 1.5090 and below 1.5010. Talk of Sovereign bids 1.4950/60 with more stops below 1.4935/40.
- EUR/USD: heavy stops below 1.3530, Sovereign offers 1.3825/50. Mixed bag in between
- AUD/USD: Still corporate buying interest around .9085/95 with heavy stops below .9050. Mixture of stops and sell orders above .9200.
Some sideline commentary on gold, for those interested.
http://www.gold-speculator.com/jim-sinclair/24450-hourly-action-gold-trader-dan.html
Uncertainty over details of Greece aid … http://www.marketwatch.com/story/dollar-rises-against-major-rivals-in-asian-trading-2010-03-15?dist=beforebell
One more: Well Fargo expects FOMC to keep it level tonight
http://www.realclearmarkets.com/blog/WeeklyEconomicFinancialCommentary_March122010.pdf