July 20th, 2009 02:39:10 GMT

EURUSD: 1.4200 option barrier

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Market is once again talking of the large  option barrier at 1.4200 to be protected by an Asian Central bank. Sovereign names selling on Friday night at 1.4150 were not seen here today, with EURJPY buying helping EURUSD remain bid … Continue reading

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July 20th, 2009 01:51:39 GMT

EURJPY higher, eyes 134.00

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With Tokyo off on holidays and the lack of sellers, EURJPY has broken thru resistance at 133.50, triggering stops on its way towards 134.00. Hearing of sellers here at 134.00-10 area, the top 2 weeks ago. With the CIT news … Continue reading

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July 20th, 2009 00:38:58 GMT

JPY crosses marching higher

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AUD/JPY is back above 76, presently trading at 76.13 after opening around 75.70. Technical resistance on the day is at 76.63, the bearish trendline from 80.45 through 78.40. GBP/JPY also has trendline resistance in the picture, but not for another … Continue reading

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July 16th, 2009 00:04:34 GMT

Nikkei opens 1.3% higher

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Bit of Bernie-the-bolt, up a bit down a bit, action this morning but overall no movement. The CIT news has been digested and ignored and with the Nikkei now open, attention will turn to the Tokyo fix to see if … Continue reading

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July 15th, 2009 23:32:56 GMT

JPY crosses bit lower on CIT news

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Nothing major to report just yet. Cable remains above 1.6410 and AUD and EUR have both fallen about 30 pips against the JPY as the risk-off trade gets replaced by the risk-might-be-back-on-not-100%-sure-yet trade.

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July 15th, 2009 22:23:40 GMT

Order books look amazingly empty

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Dealers report that there are now some very big gaps appearing on their order books but there is still some sizeable interest around. EUR/USD offers around 1.4150 are thought to be from a Sovereign name. There were sizeable offers of … Continue reading

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