February 2nd, 2010 01:19:09 GMT

EUR/USD: or maybe not


The stops are obviously placed above 126.70 in EUR/JPY for a very good reason; there’s excellent selling just ahead of there. The market stalled at 126.53 last night and at 61 today so there’s definitely something happening at this level. … Continue reading


February 1st, 2010 10:36:34 GMT

EUR/GBP higher still


EUR/GBP continues higher, presently at session high .8766. As mentioned before there have been reports of ongoing UK clearer demand this morning.  There is some talk that this interest is related to UK payment to EU for defence budget with amount … Continue reading

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February 1st, 2010 10:12:53 GMT

EUR/GBP hits new session high


EUR/GBP hits new session high of .8749 as 10:00 GMT fix comes and goes. Seems a UK clearer has had something of an ongoing buy interest today. Elsewhere EUR/USD is trying to munch through aforementioned sell interest at 1.3910/20 having been … Continue reading

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February 1st, 2010 09:49:00 GMT

EUR/GBP holding up


EUR/GBP sits at .8735, close to session high .8742. Just reading comments from Barclays Capital, who see potential for move up to .8770/8800 area, with any extension to .8850 seen toppy.



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