June 22nd, 2009 01:56:01 GMT

EURJPY: 133.50 gives way

by

EURJPY has taken out the initial support area to trade down into the all important 133.00-20 support area as USDJPY sits at the lows of the day so far, sub 95.90. Volumes have  increased after a slow Monday morning start.

Comments Off

June 22nd, 2009 01:37:51 GMT

EURUSD hit down thru 1.3900

by

Weak stops under 1.3900 were taken out as selling via a large Japanese Institution was sighted. However buyers were noted in the 1.3880′s ahead of the reported bids at 1.3870, helping EUR back above 1.3900. EURJPY holding onto 133.50 for now. I think … Continue reading

Comments Off

June 22nd, 2009 00:30:26 GMT

EURJPY continues lower

by

Early stops were taken out under 134.00, now EURJPY seems to be heading for 133.00-20 area. Sellers arent until above 135, with the technical tenkan line coming in at 135.33, too far for Asia I would say. Look for initial support … Continue reading

Comments Off

June 21st, 2009 22:19:01 GMT

Events in Iran may promote risk aversion

by

The ongoing violence and protests in Iran might promote some risk-aversion trading during this Asian session and see the JPY crosses pressured. These events have been in the market and on-going for well over a week now so I think it … Continue reading

Comments Off

June 19th, 2009 01:45:04 GMT

Quick look at FX Order Books

by

Big option play still corraling the EUR/USD. Buying interest from Middle Eastern player seen at 1.3870.  USD/JPY: Sizeable stops above 97.35/40. Bids steady at 95.50/75. EUR/CHF: Official buying still seen on dips towards 1.50. AUD/USD: Strong bids at .7850 and … Continue reading

Comments Off

June 19th, 2009 00:21:38 GMT

Nikkei up 0.5% but JPY crosses lower

by

Jamie last night referred to the fact that US equities rose but the EUR/USD fell. Now we see the Nikkei open higher but EUR/USD and EUR/JPY falling. Let’s see if the bids at 1.3870 can hold.

Comments Off

Top

© Copyright 2014 ForexLive™  |  Advertise With Us  |  Login To Comment  |  Sitemap

HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.

ADVISORY WARNING: FOREXLIVE™ provides references and links to selected blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the blogs or other sources of information. Clients and prospects are advised to carefully consider the opinions and analysis offered in the blogs or other information sources in the context of the client or prospect's individual analysis and decision making. None of the blogs or other sources of information is to be considered as constituting a track record. Past performance is no guarantee of future results and FOREXLIVE™ specifically advises clients and prospects to carefully review all claims and representations made by advisors, bloggers, money managers and system vendors before investing any funds or opening an account with any Forex dealer. Any news, opinions, research, data, or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. FOREXLIVE™ expressly disclaims any liability for any lost principal or profits without limitation which may arise directly or indirectly from the use of or reliance on such information. As with all such advisory services, past results are never a guarantee of future results.