March 5th, 2010 03:47:11 GMT

Quick look at the order books

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Best to keep a mental note of these levels for later tonight: USD/JPY; heavy offers starting at 89.50, then every 10/15 pips until 90.25 AUD/USD; stops below .8955 and again below .8935 Cable: talk of Sovereign bids around 1.4950 area … Continue reading

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March 3rd, 2010 01:57:47 GMT

More short covering in sterling

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Cable has jumped again, now above 1.5050, and GBP/JPY is back at 133.50 (resistance levels at 133.75 and 134.00). This is all short covering on the news that the Prudential deal might yet be scuppered which would then involve significant … Continue reading

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