June 25th, 2009 22:41:30 GMT

EUR/USD order book

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Tight stops at 1.4015/20 Good sized sellers 1.4040 More stops above 1.4050 Buying interest around 1.3970 Interbank dealers expect a maximum 1.3960/1.4060 range for the Asian session.

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June 25th, 2009 19:39:26 GMT

Revenge of the nerds…

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It seems like the humans have given up and it is basically computer trading with computer late in the US session. We trade in neutral territory in EUR/USD having bounced back from 1.3890 lows but we trade nearly equally far … Continue reading

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June 25th, 2009 18:07:30 GMT

EUR/USD drifts off toward 1.3980 support

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1.3980 should provide support on pullbacks now after capping the market for most of the session. Markets are off their highs seen after the auction and the end of the Bernanke testimony…still not much trend-wise to get excited about…. EUR/USD … Continue reading

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June 25th, 2009 17:37:08 GMT

If you pull a bandage off fast it barely hurts

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Well so much for my short EUR/USD idea… We’re back to trading reflation and higher stocks, commodities and bonds (and correspondingly lower yields) are helping prompt traders to dump the dollar and flood back into “risky” assets like commodity currencies, … Continue reading

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June 25th, 2009 17:19:12 GMT

EUR/USD firms after 7-year auction

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Another successful Treasury auction is helping underpin markets this afternoon. Equities are adding to their gains, up 2.1% and US yields are easing, down about 10 bp on the day in the benchmark 10-year maturity which is now at 2.60%. … Continue reading

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