USD/JPY: barrier protection ahead of 95.00 EUR/USD: stops below 1.3150; stops above 1.3225 EUR/GBP: still stuck between buy orders at .8600 and sell orders at .8720- stops both sides on breaks EUR/CHF: SNB still supporting above 1.4300 AUD/USD: heavy interest … Continue reading
EUR/GBP is trading at session lows, with the pound outperforming other currencies in the wake of the latest opinion poll ahead of Thursday’s election. EUR/USD is under pressure from both the underwhelming market reaction to the Greek bailout as well … Continue reading
HK is -1.2%, the Kospi is 1% lower and the All Ords is -0.6%. Gold is steady at $1179/oz. The FX market has quietened after the stop-loss run in EUR/USD and the EUR crosses but there’s been no major bounce … Continue reading
It is articles such as this in the FT which have turned what should be a bullish day for the EUR into a bearish one. It looks like the holiday period for the EUR lasted all of two hours.
The latest election polls in the Sun and the Guardian newspapers suggest that the Tory lead over the other two parties has increased slightly but is probably not enough to win a majority. Cable is at 1.5310 and EUR/GBP at … Continue reading
EUR/GBP up at .8690 from early .8640. As some of you will have realised it’s the last trading of the month and we all know what happens on last day (or second to last trading day of the month) in … Continue reading
The latest GfK consumer confidence index dipped in April. London may pay some attention to this data when it opens but Asia usually ignores it.
That is according to to the first poll after the event. It used to be that we would wait for some senior analyst to give his/her verdict on the effect this will have on election night but times have changed. … Continue reading
Well the market has had time to read the papers “Hung parliament could tilt Britain into Greek-style turmoil – Daily Mirror, Warning for Britain as Financial Chaos Spreads to Spain-Telegraph, Debt crisis: UK banks sitting on GBP 100bn exposure to … Continue reading
I never trust EUR/GBP moves in Asia and especially when the market is thinned by a Tokyo holiday. Add in to the mix that most of the gains were on wild rumours about a UK downgrading and the move certainly … Continue reading